Sherwin-Williams · Ponca City, OK

Sherwin-Williams NN

2615 North 14th Street · Ponca City, OK 74604 · Specialty Retail

Asking price

$1,200,000

Cap rate

6.25%

NOI

$75,000

Need financing on this deal

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Lease

Lease typeNN

Term remaining5.5 yrs

Expiration11/2031

Rent bumps—

Options—

Ground leaseNo

Credit profile—

TenancySingle

Planning a 1031 Exchange

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Property

Building SF5,000

Price / SF$240

Year built1972

Lot size0.52 ac

TypeRetail

Days on market73

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

Corporate Guarantee: The lease is backed by Sherwin-Williams, a nationally recognized, investment-grade tenant, providing strong credit security and long-term stability.
Proven Operating History & Lease Commitment: Sherwin-Williams has operated at this location for 35 years and recently executed a 5-year lease extension, demonstrating long-term commitment to the site.
Recent Capital Improvements: Ownership has completed significant tenant improvements to the building and parking lot within the past couple months, reducing near-term capital expenditure risk.
Limited Internal Competition: The nearest Sherwin-Williams location is 42 miles away, minimizing brand cannibalization and supporting sustained performance.
Strong Demographics: The property is supported by a population of 26,549 residents within a 5-mile radius and an average household income of $87,124 within a 1-mile radius.
Excellent Access & Visibility: The property is strategically located along Ponca City’s primary retail corridor, offering strong visibility and convenient ingress and egress.
Attractive Rental Increases: The lease includes 10% rental increases every five years throughout the option periods, providing a hedge against inflation and steady income growth.
Strong Traffic Drivers: The site is positioned between Walmart and INTEGRIS Hospital, benefiting from traffic counts exceeding 11,500 vehicles per day.
Synergistic Retail Environment: The property is surrounded by national retailers including McDonald’s, AutoZone, Marshalls, Walgreens, and Hobby Lobby, driving consistent consumer traffic.
Growing National Tenant: Sherwin-Williams continues to demonstrate strong national growth with over 4,700 locations worldwide which is supported by record revenues exceeding $23.5 billion and ongoing market share gains in key segments.

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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.