New-Construction Sherwin-Williams
5730 Bobby Hicks Highway Gray, TN 37615
5730 Bobby Hicks Highway, Gray, TN, 37615
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For Sale
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Fee-simple retail opportunity featuring a newly constructed Sherwin-Williams property in Gray, Tennessee.
Property Size10,000 SF
Price / SF$388.62
Days on Market76
Property Features for 5730 Bobby Hicks Highway
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Retail
Listing agency
Northmarq Capital, LLC
Listed by
Billy Benedict · License #GA 251709
Source
Crexi
Added: May 7 Updated: Jul 20 at 11:31PM Checked: Jul 21 at 7:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq Capital, LLC
Investment Insights
Based on property information with market context.
Northmarq is pleased to offer for sale a fee-simple interest in a new-construction Sherwin-Williams located in Gray, Washington County, Tennessee. The property is positioned just north of downtown Gray.
The address is 5730 Bobby Hicks Highway, Gray, TN 37615. Nearby retail includes established national and regional tenants such as Food City, Ace Hardware, Starbucks, Dollar Tree, Ashley, and McDonald’s, among others. The immediate trade area described includes just over 1.4 million square feet of retail, office, and industrial space within 2 miles, with less than 1% vacancy.
This offering is presented to qualified investors seeking ownership of a newly built, single-tenant retail asset occupied by Sherwin-Williams.
The address is 5730 Bobby Hicks Highway, Gray, TN 37615. Nearby retail includes established national and regional tenants such as Food City, Ace Hardware, Starbucks, Dollar Tree, Ashley, and McDonald’s, among others. The immediate trade area described includes just over 1.4 million square feet of retail, office, and industrial space within 2 miles, with less than 1% vacancy.
This offering is presented to qualified investors seeking ownership of a newly built, single-tenant retail asset occupied by Sherwin-Williams.
Key Highlights
- Fee‑simple interest in a newly constructed Sherwin‑Williams retail property in Gray, TN
- Located just north of downtown Gray, TN
- U.S.-based Sherwin‑Williams paint retailer (S&P: BBB)
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $230.4k | $23.04 |
| − Vacancy | −$6.9k | −$0.69 |
| EGI | $223.5k | $22.35 |
| − OpEx | −$67.0k | −$6.70 |
| NOI | $156.4k | $15.64 |
10,000 SF · lease $23.04/SF/yr · vacancy 3.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.23M
$1.96M – $2.61M
NOI $156,442 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.22M
$3.69M – $4.92M
NOI $295,200 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Storefront property - Fee-simple retail opportunity featuring a newly constructed Sherwin-Williams property in Gray, Tennessee.
Where is this storefront property located?
The property is located at 5730 Bobby Hicks Highway Gray, TN.
What is the asking price?
The asking price for this property is $3,886,200.
What are key features of this property?
This property features: Fee‑simple interest in a newly constructed Sherwin‑Williams retail property in Gray, TN; Located just north of downtown Gray, TN; U.S.-based Sherwin‑Williams paint retailer (S&P: BBB)
