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Virtual Drive-By

Sherwin-Williams NN

4157 White Sage Arc · Las Cruces, NM 88011 · Specialty Retail

Asking price
$2,863,000
Cap rate
5.70%
NOI
$163,200

Need financing on this deal

We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease typeNN
Term remaining7.0 yrs
Expiration05/2033
Rent bumps10% Every 5 Years
Options4, 5 Year Options
Ground leaseNo
Credit profileCorporate Guarantee
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF5,500
Price / SF$521
Year built2023
Lot size0.82 ac
TypeStorefront
Days on market59

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

  • ​7 Years Remaining on Lease with Corporate Sherwin-Williams (NASDAQ: SHW) Guaranty and 10-Year Roof Warranty
  • ​10% Rental Increases Every 5 Years with Multiple Renewal Options
  • ​Sherwin-Williams 2025 Revenue was Over $23.57 Billion & 2025 EBITDA Increased by 5.7% to $4.48 Billion
  • ​New 2023 Construction with Sherwin-Williams’ Newest Prototype
  • ​100,118 Residents in a 5-Mile Radius, Projected to Increase 4-6% by 2030
  • ​Immediate Proximity to Metro Verde Master-Planned Community and Sonoma Ranch Master-Planned Community - Both Communities Represent 65% of New Home Construction in Las Cruces
  • ​Adjacent to a Walmart-Anchored Shopping Center - Neighboring Tenants Include Dollar Tree, Panda Express, Dutch Bros Coffee, and Walgreens
  • ​Easily Accessible by 54,850+ Cars per Day Along Highway 70

Property overview

A Fortune 500 company in the general building materials industry, Sherwin-Williams is a global leader in the manufacture, development, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers primarily in North and South America and Europe.​

Las Cruces is the second-most populous city in New Mexico and serves as the county seat of Doña Ana County.​ The city is home to an estimated 111,385 residents.​ Las Cruces is a thriving city surrounded by picturesque desert and conveniently located less than an hour from El Paso International Airport.​

Take the next step on this property

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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.