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SHERWIN-WILLIAMS
FORT MYERS, FLORIDA
Offering Memorandum Rockstar Realty, LLC
Paul Sukholinskiy, Juris Doctor, Realtor
Josh Burdine, SFR, ABR, Realtor
Telephone: : (239) 898-2489 / (239) 229-5732
E-mail: [email protected] /
[email protected]
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SHERWIN WILLIAMS
Fort Myers, Florida
The information contained in the following Marketing Brochure is
proprietary and strictly confidential. It is
intended to be reviewed only by the party receiving it from
Rockstar Realty and should not be made available
to any other person or entity without the written consent of
Rockstar Realty. This Marketing Brochure has
been prepared to provide a summary, unverified information to
prospective purchasers and to establish only
a preliminary level of interest in the subject property. The
information contained herein is not a substitute
for thorough due diligence investigation. Rockstar Realty has
not made any investigation and makes no
warranty or representation with respect to the income or
expenses for the subject property , the future pro-
jected financial performance of the property, the size and
square footage of the subject property and improve-
ments, the presence or absence of contaminating substances, PCBs
or asbestos, the compliance with State
and Federal Regulations, the physical condition of the
improvements thereon or the financial condition or
business prospects of the tenant, or any tenants plans or
intentions to continue its occupancy of the subject
property. The information contained in this Marketing Brochure
has been obtained from sources we believe
to be reliable; however, Rockstar Realty has not verified and
will not verify any of the information contained
herein, nor has Rockstar Realty conducted any investigation
regarding these matters and makes no warranty
or representation whatsoever regarding the accuracy or
completeness of the information provided. All poten-
tial buyers must take appropriate measures to verify all of the
information set forth herein.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.
PLEASE CONSULT YOUR ROCKSTAR REALTY AGENT FOR MORE DETAILS
CONFIDENTIALITY AND DISCLAIMER
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SHERWIN WILLIAMS
Fort Myers, Florida
Rockstar Realty hereby advises all prospective purchases of Net
Leased property as follows:
The information contained in the Marketing Brochure has been
obtained from sources we believe to be reli-
able. However, Rockstar Realty has not and will not verify any
of this information, nor has Rockstar Realty
conducted any investigation regarding these matters. Rockstar
Realty makes no guarantee, warranty or repre-
sentation whatsoever about the accuracy or completeness of
information provided.
As the Buyer of a net leased property, it is the Buyers
responsibility to independently confirm the accuracy
and completeness of all material information before completing
the purchase. This Marketing Brochure is not
a substitute for your thorough due diligence investigation of
this investment opportunity. Rockstar Realty
expressly denies any obligation to conduct a due diligence
examination of this Property for Buyer.
Any projections, opinions, assumptions or estimates used in this
Marketing Brochure are for example only
and do not represent the current or future performance of this
property. The value of a net leased property to
you depends on factors that should be evaluated by you and your
tax, financial and legal advisors.
Buyer and Buyers tax, financial, legal and construction advisors
should conduct a careful, independent in-
vestigation of any net leased property to determine to your
satisfaction with the suitability of the property for
your needs.
Like all real estate investments, this investment carries
significant risks. Buyer and Buyers legal and financial
advisors must request and carefully review all legal and
financial documents related to the property and ten-
ant. While the tenants past performance at this or other
locations is an important consideration, it is not a
guarantee of future success. Similarly, the lease rate for some
properties, including newly-constructed facili-
ties or newly-acquired locations, may be set based on a tenants
projected sales with little or no record of ac-
tual performance, or comparable rents for the area. Returns are
not guaranteed; the tenant and any guaran-
tors may fail to pay the lease rent or property taxes, or may
fail to comply with other material terms of the
lease; cash flow may be interrupted in part or in whole due to
market, economic, environmental or other con-
ditions. Regardless of tenant history and lease guarantees,
Buyer is responsible for conducting his/her own
investigation of all maters affecting the intrinsic value of the
property and the value of any long-term lease,
including the likelihood of locating a replacement tenant if the
current tenant should default or abandon the
property and the lease terms that Buyer may be able to negotiate
with a potential replacement tenant consid-
ering the location of the property and Buyers legal ability to
make alternate use of the property.
By accepting this Marketing Brochure you agree to release and
hold Rockstar Realty, LLC, its employees, as-
signs, subcontractors and representatives harmless from any kind
of claim, cost, expense, or liability arising
out of your investigation and/or purchase of this net lease
property.
NET LEASED DISCLAIMER
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SHERWIN WILLIAMS
Fort Myers, Florida
Section 1....Pricing and Financial Analysis
Section 2....Property Description
Section 3Demographic Analysis
TABLE OF CONTENTS
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SHERWIN WILLIAMS
Fort Myers, Florida
Location: Annualized Operating Data:
17685-87 Summerlin Road, Unit 2B-2C,
Fort Myers, FL 33908
Price: $990,000.00
Down Payment: 100% / $960,000.00
Rentable Square Feet: 4,000 Square Feet
CAP Rate: 5.90%
Year Built / Renovated: 1999 / 2012
Type of Ownership: Fee Simple
Tenant Summary:
Tenant Trade Name: Sherwin-Williams
Ownership: Public
Tenant: Corporate Store
Lease Guarantor: Corporate Guarantee
Lease Type: Triple Net
Roof and Structures: Tenant Responsibility
Lease Term: Five Years
Lease Expiration: June 30, 2018
Increases: In Options
Options: Two Five-Year
Additional Rent: $1,386.44 for Property Taxes, Sales Taxes ,
Insurance and Maintenance
PRICING AND FINANCIAL ANALYSISFINANCIAL OVERVIEW
Rent Increases Annual Rent Monthly Rent
2015 $58,080.00 $4,840.00
2016 $58,080.00 $4,840.00
2017 $58,080.00 $4,840.00
2018 $58,080.00 $4,840.00
Option 1 Yr 1 $66,792.00 $5,566.00
Option 1- Yr 2 $66,792.00 $5,566.00
Option 1 Yr 3 $66,792.00 $5,566.00
Option 1 Yr 4 $66,792.00 $5,566.00
Option 1 Yr 5 $66,792.00 $5,566.00
This information has been secured from sources we believe to be
reliable, but we make no representations or warranties, expressed
or
implied, as to the accuracy of the information. References to
square footage are approximate. Buyer must verify the information
and
bears all risk of any inaccuracies .
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SHERWIN WILLIAMS
Fort Myers, Florida
Property Name: Sherwin Williams
Property Address: 17685-87 Summerlin Road, Unit 2B-2C, Fort
Myers, FL 33908
Property Type: Net Leased Miscellaneous
Rentable Square Feet: 4,000 Square Feet
Tenant Trade Name: Sherwin Williams
Ownership: Public
Tenant: Corporate Store
Sales Volume: 2014 Sales $11.13 Billion
Lease Guarantor: Corporate Guarantee
Credit Rating: A
Rating Agency: Standard & Poors
Stock Symbol: SHW
Board: NYSE
Lease Commencement Date: June 30, 2003 Lease Type: Triple
Net
Rent Commencement Date: June 30, 2003 Roof and Structure: Tenant
Responsibility
Lease Expiration Date: June 30, 2018 Lease Term: Five Years
Term Remaining on Lease: 3 Years Options to Renew: Two Five
Year
No. of Locations:/ Yrs in business: 3,500+ Nationwide / 147+
Years
Headquartered: Cleveland, Ohio
Website: www.Sherwin-Williams.com
PRICING AND FINANCIAL OVERVIEWTENANT OVERVIEW
No matter how you coat it, Sherwin-
Williams is one of the largest paint
manufactures in the US and world-
wide. Sherwin-Williams products
include a variety of paints, finishes,
coatings, applicators and varnishes
sold under brands such as Dutch
Boy, Krylon, Sherwin-Williams,
Thompsons WaterSeal, Ronseal,
Sayerlack and Minwax. The com-
pany operates more than 3,500 paint
stores worldwide.
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SHERWIN WILLIAMS
Fort Myers, Florida
Property Address: 17685 Summerlin Road, Unit 2B, Fort Myers, FL
33908
17687 Summerlin Road, Unit 2C, Fort Myers, FL 33908
Property Type: Retail
Total Square Feet: 4,000 Square Feet
Total Bathrooms: 2
Legal Description: Summerlin Commercial Condo Desc in OR 3150 PG
4352 Bldg 2 Unit 2B
Summerlin Commercial Condo Desc in OR 3150 PG 4352 Bldg 2 Unit
2C
Property Built: 1999
Complex Name: Summerlin Commercial Condo
Total Units: 9
PROPERTY DESCRIPTION
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SHERWIN WILLIAMS
Fort Myers, Florida
PROPERTY DESCRIPTIONADDITIONAL PICTURES
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SHERWIN WILLIAMS
Fort Myers, Florida
PROPERTY DESCRIPTIONADDITIONAL PICTURES
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SHERWIN WILLIAMS
Fort Myers, Florida
PROPERTY DESCRIPTIONADDITIONAL PICTURES
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SHERWIN WILLIAMS
Fort Myers, Florida
PROPERTY DESCRIPTIONADDITIONAL PICTURES
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SHERWIN WILLIAMS
Fort Myers, Florida
DEMOGRAPHIC ANALYSIS
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SHERWIN WILLIAMS
Fort Myers, Florida
DEMOGRAPHIC ANALYSIS
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SHERWIN WILLIAMS
Fort Myers, Florida
DEMOGRAPHIC ANALYSIS
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SHERWIN WILLIAMS
Fort Myers, Florida
DEMOGRAPHIC ANALYSIS
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SHERWIN WILLIAMS
Fort Myers, Florida
DEMOGRAPHIC ANALYSIS
