Sherwin-Williams NNN — Manvel, TX

Updated November 4, 2026

$3,092,000 · 5.75% CAP · 9.8 YRS

New 2026 Sherwin-Williams paint store at 7310 Corporate Drive in Manvel, 4,500 SF on about 1 acre, fee simple, asking $3,092,000 at a 5.75% cap on $177,774 rent. The Sherwin-Williams Company is the corporate guarantor. About 9.8 years are left on a 10-year term the package expects to start in September 2026, with two 5-year options and 10% bumps every five years. It is NN: the landlord keeps roof and structure. The package states no credit rating, and the rent start is an estimate. The asking cap equals the 5.75% median of 196 active listings.

Lease Abstract

Price

$3,092,000

Cap rate

5.75% CAP

NOI

$177,774

Term remaining

9.8 YRS

Lease type

NN

Increases

10% every 5 years

Options

2 x 5-year

Guarantee

Corporate

Building

4,500 SF

Lot

1 AC

Year built

2026

Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.

Property Details

4,500 SF building, built 2026, 1 acre of land. $687/SF asking, $39.51/SF NOI. Rent increases: 10% every 5 years. Renewal options: 2 x 5-year. Corporate guarantee. Primary term ends around 2036 (9.8 yrs left at listing, Nov 2026).

Location

Manvel, Texas — 7310 Corporate Drive, Manvel, TX 77578. Full address and offering memorandum released on request — see our Sherwin-Williams tenant guide and the Texas market page for the underwriting context.