428 N Vermilion St is aretail property for lease in Danville, IL.
Sherwin-Williams corporate guaranteed lease with 3+ years remaining. Low maintenance investment opportunity with national credit tenant known for long-term occupancy. Roof was recently installed in 2012. Furnace and rooftop AC replaced by tenant in 2014 showing a commitment to the site.
Best known for its line of high quality interior and exterior paints, The
Sherwin-Williams Company is an American Fortune 500 company in the
general building materials industry. The company primarily engages in the
manufacture, distribution, and sale of paints, coatings and related products
to professional, industrial, commercial, and retail customers primarily in
North and South America and Europe. Traded on the NYSE, Sherwin Williams
has a $20B Market Cap and holds an S&P rating of A.
• Sale price $345,400
• 7.6% cap rate
• NOI $26,250
• 3+ Yrs. Remaining on the current term Exprires 10/31/2019 $2,600/month
• Option 1 - 11/1/19-10/31/24 $2,900/month
• Option 2 - 11/1/24-10/31/24 $3,200/month
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