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3415 Forum Boulevard, Fort Myers, FL, 33905

Sherwin-Williams

$1,980,000

Key Information

Cap Rate
5.75%
Tot. SF
4,210
Lot Size
0.63 Acres
Year Built
2016
Term Remaining
± 5 Years
Type
Retail
Occupancy
100%
NOI
$113,850

Highlights

  • Corporate Guaranteed Lease – Lease guaranteed by the Sherwin-Williams Company, a publicly traded company under the ticker SHW on the NYSE.
  • Embedded Rent-Growth – Exercised the first of Four, 5-Year options with 10% increases on every option, allowing for substantial NOI growth.
  • Original 10-Year Lease Term with Exercised Option – Indicates Sherwin-Williams’ dedication to the site and proves their success in the Fort Myers market.
  • Located Off Colonial Blvd – Busiest Thoroughfare through Fort Myers – Strategically positioned near I-75 with approximately 93,000+ VPD and off of Colonial Blvd which sees 81,000+ VPD, showcasing the strength of the real estate fundamentals along the thoroughfare.
  • Located within The Forum – The Forum is a newly developed 706-acre mixed-use development that combines retail, office, residential, hospitality, and medical uses creating a diversified and established destination.
    • The Forum sees over 450,000 visitors monthly and over 5 million visitors annually.
  • Growing and Upcaming Market – Part of the rapidly growing Cape Coral-Fort Myers MSA, one of Florida’s major population growth markets, supporting continued demand through the trade area.
    • 2030 Projected Population/Household Growth: 11%
  • Premier Retail Corridor – The property is surrounded by nationally recognized retailer like Walmart, Target, Publix, Home Depot, Walgreens, Starbucks, Chick-fil-a and more.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # BK3554632, CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203