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Sherwin Williams 1355 E Dave Ward Dr

4,536 SF Retail Building Conway, AR 72032 $3,855,382 CAD ($850 CAD/SF) 6.25% Cap Rate

Retail Buildings Arkansas Conway 1355 E Dave Ward Dr, Conway, AR 72032

Investment Highlights

  • A corporate net leased Sherwin Williams with a 10-year base term featuring 10% rental increases every 5 years and 4, 5-year extension options with the
  • Located in the heart one of Arkansas’ largest developments
  • Sherwin Williams 2023 revenue totaled $23.05B, a 4.1% increase over the previous year
  • 2024 build-to-suit construction to tenant’s latest prototype
  • Subject property serves as an outparcel to Conway’s new $130M Maly District mixed-use development (see Page 5)
  • Subject property located directly adjacent to 250,000 SF shopping center anchored by Sam’s Club

Executive Summary

A corporate net leased Sherwin Williams with a 10-year base term featuring 10% rental increases every 5 years and 4, 5-year extension options with the same rent escalations. The subject property serves as an outparcel to a newly developed, 108-room Courtyard Marriott.

Attachments

SherwinWilliams_ConwayAR

Property Facts

Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,536 SF
Year Built
2024
Construction Status
Under Construction
Price
$3,855,382 CAD
Price Per SF
$850 CAD
Cap Rate
6.25%
NOI
$240,933 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Land Acres
0.78 AC
Parking
28 Spaces (6.17 Spaces per 1,000 SF Leased)
Frontage
78 ft on Dave Ward Drive
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1355 E Dave Ward Dr, Conway, AR - aerial map view

PROPERTY TAXES

Parcel Number 710-08536-008 Improvements Assessment $86,710 CAD
Land Assessment $73,482 CAD Total Assessment $160,192 CAD

PROPERTY TAXES

Parcel Number
710-08536-008
Land Assessment
$73,482 CAD
Improvements Assessment
$86,710 CAD
Total Assessment
$160,192 CAD
(415) 274-2715

  • Listing ID: 32410577

  • Date on Market: 2024-07-10

  • Last Updated:

  • Address: 1355 E Dave Ward Dr, Conway, AR 72032

The Retail Property at 1355 E Dave Ward Dr, Conway, AR 72032 is currently available For Sale. Contact CP Partners CRE for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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1355 E Dave Ward Dr, Conway, AR for sale Aerial- Image 1 of 3
Retail Aerial
1355 E Dave Ward Dr, Conway, AR for sale Primary Photo- Image 2 of 3
External 1 - Construction Photo 2

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Sherwin Williams | 1355 E Dave Ward Dr
(415) 274-2715 x

Sherwin Williams | 1355 E Dave Ward Dr

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John Andreini

(415) 274-2715

(415) 274-2715

Kirby Dederian

(415) 274-2700

(415) 274-2700

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