New-Construction Sherwin-Williams
For Sale
Contact for pricing
5730 Bobby Hicks Highway, Gray, TN 37615
Fee-simple retail opportunity featuring a newly constructed Sherwin-Williams property in Gray, Tennessee.
Property Size10,000 SF
Price / SF$379.37
Days on Market174
Property Features for 5730 Bobby Hicks Highway
General Information
Standard status
Active
Size
10,000 SF
Total Parking Spaces
26
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$239,000
Building Details
Year Built
2026
Tenancy
Single
Listing Agency:
Northmarq Capital, LLC
Listed By:
Billy Benedict · License #GA 251709
Source:
Crexi
Added: May 8
Changed: Oct 25
Last Checked: Oct 26 at 3:36PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$156,442
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,128,840
$3.1M
Cap Rate 7%
$2,234,886
$2.2M
Cap Rate 9%
$1,738,244
$1.7M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$230.4K $23.04/SF
− Vacancy
−$6.9K −$0.69/SF
EGI
$223.5K $22.35/SF
− OpEx
−$67.0K −$6.70/SF
NOI
$156.4K $15.64/SF
Area
Washington County, TN
Vacancy
3.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,128,840
Cap Rate 7%
$2,234,886
Cap Rate 9%
$1,738,244
Alternative Uses
Best Use
Retail
$2.23M
$1.96M – $2.61M
NOI $156,442 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.22M
$3.69M – $4.92M
NOI $295,200 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
7k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
7,379 visits/mo
0.4 miles
Demographics for 37615, TN
22,151
Population
9,946
Households
2.2
Avg Household Size
43
Median Age
40%
College-Educated
95%
High-School Grad
37.6 sq mi
ZIP Area
589
Density / Sq Mi
$75,556
Median Household Income
$43,758
Median Earnings
$966
Median Rent
$261,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
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 $3,793,651.
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)
