45730 Us Highway 27Davenport, FL 33897

This exceptional investment opportunity presents a brand-new, 4,000 square foot Sherwin-Williams storefront in Davenport, Florida. Located on US Highway 27, this property boasts a 10-year net lease (commencing October 1, 2024, and expiring September 30, 2034) with a corporate guarantee from Sherwin-Williams, a globally recognized brand. The lease includes six, five-year options with an 8% rent increase at each option. The property sits on a 0.82-acre lot and includes 26 parking spaces. Built in 2024, this single-story building is situated in a high-growth area with over 6,500 housing units nearby and benefits from high traffic counts on US Highway 27 and Ronald Reagan Parkway, with proximity to I-4. The property's strong location within a thriving retail corridor, coupled with the exceptional tenant and lease terms, makes this a compelling investment opportunity with a current Net Operating Income (NOI) of $147,000 and a 5.75% cap rate. The asking price is $2,556,500, representing a price per square foot of $639.12. The property is zoned RACX (Regional Activity Center) and offers a fee-simple ownership structure. The area's population and household growth are projected to exceed 4% annually for the next five years, further enhancing the long-term value of this investment. The average household income within one mile exceeds $112,000. This is a 100% occupied property with an occupancy date of October 1, 2024.