OFFERING SUMMARY Sherwin Williams, Ten (10) Year Lease 8282 WESTERN WAY, JACKSONVILLE, FLORIDA 32256 Financial Information Investment Highlights > Asking Price: $885,333 | CAP Rate 6.75% > 100% leased and built in 2003 > NOI: $59,760 > Tenant has 14 year history as sole build to suit occupant > Rent/Month: $4,980 > New ten year lease, with four five-year extension options > New ten (10) year lease extension (9/1/2017-8/31/2027) > Rentable SF: 5,047± SF > Over 4,100 Company Operated stores and facilities > Parking Spaces: 20 spaces (including 1 handicap) > Sherwin Williams has presence in more than 115 > Lease Type: NNN (landlord responsible for roof and countries exterior walls) > Forbes magazine top 100 World’s Most Innovative > Occupancy: 100% > Rent Increases: Fixed for initial ten (10) year term, four Companies 5-year options at 8% increases > 2016 Fortune 500 Company (#236) > Offering Type: Fee Simple > Guarantee: Corporate Lease GARY MONTOUR JEREMY MARTIN COLLIERS INTERNATIONAL 904 358 1206 | EXT 1116 904 358 1206 | EXT 1115 NORTHEAST FLORIDA JACKSONVILLE, FL 32202 JACKSONVILLE, FL 32202 50 N. Laura Street | Suite 1725 Jacksonville, FL 32202 4765
[email protected] [email protected] www.colliers.com/jacksonville OFFERING SUMMARY Aerial 8282 WESTERN WAY, JACKSONVILLE, FLORIDA 32256 123,500± vehicles/day Baymeadows Road 49,500± vehicles/day Recreate LOGO Western Way Cir y a W n r e t s e W Demographics 1 Mile 3 Mile 5 Mile Pop. Est. 2017 9,554 67,665 162,768 Pop. Est. 2022 10,004 72,279 173,145 2017 Est. Avg. HH Income $54,130 $76,827 $78,452 Source: Esri Business Analyst Online Traffic Count Daily Trucks Baymeadows Rd 49,500 743 I-95 123,500 16,113 Source: Florida Department of Transportation (FDOT) COLLIERS INTERNATIONAL NORTHEAST FLORIDA 50 N.