Sherwin-Williams

45295 Grand River Ave , Novi, MI 48375

  • For Sale $1,501,565
  • Property Type Industrial - Warehouse/Distribution
  • Property Size 10,540 SF
  • Lot Size 1.66 Acre
  • Property Tenancy Single Tenant
  • Year Built 1988
  • Date Updated Jan 23, 2025
  • HVAC None
Novi is one of the fastest growing top 10 cities in Michigan. This property benefits from being in a dense residential and retail corridor with strong demographics and average household income of over $123,000, more than double the national average. Several retailers in the immediate vicinity include: Home Depot, Walmart, FedEx, Kroger, Sam’s Club, Kohl’s, Macy’s, TJ-Maxx, Marshall’s, Five Below, Advance Auto Parts, O’Reilly Auto Parts, Hobby Lobby, Dick’s Sporting Goods, Michael’s, and many more.Jonna Group at Colliers International has been selected to exclusively represent for sale the corporate Sherwin-Williams located in affluent Novi, Michigan. Sherwin-Williams is operating on a double-net lease with minimal landlord responsibilities and has approximately 4.7 years remaining of term. Sherwin-Williams has long term occupancy of over 30 years at subject site and contains below market rents at $8.19 PSF.
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Highlights

  • New 10-Year Lease Extension | Minimal Landlord Responsibilities
  • (1) 5-Year Options with Rent Increases
  • Sherwin Williams (S&P BBB) Corporate Guarantee
  • Long-term Occupancy | Over 30 Years at this Site
  • Value-Add Opportunity with Below Market Rents at $8.19 PSF
  • Double the Normal Sherwin Williams Footprint
  • No Immediate Competition in Vicinity | Nearest Commercial Paint Store is 15 Miles Away

Contacts

broker
Simon Jonna

Colliers

Location

Getting Around

  • Walk Score ®

    28/100 Car-Dependent

  • Bike Score ®

    32/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Novi, MI
  • Zip Code 48375
  • Market Detroit

Points of Interest

  • Sunoco

    0.87 miles

  • Mobil

    0.97 miles

  • Shell

    1.17 miles

  • BP

    1.22 miles

  • Kroger

    1.30 miles

  • Enel X

    1.33 miles

  • Speedway

    1.56 miles

  • Marathon

    1.57 miles

  • Sam's Club

    2.14 miles

  • Valero

    2.27 miles

  • MDOT Public Carpool Parking

    1.22 miles

  • Lakeshore Park Skills Area Parking Lot

    1.42 miles

  • MTB Trailhead Parking

    1.90 miles

  • North Parking Lot

    2.17 miles

  • ITC Corridor Trail Parking Lot

    2.86 miles

  • ShearWater Trailhead Parking Lot for M.A.L.T.

    3.54 miles

  • Michigan Air Line Trailhead Parking Lot

    3.89 miles

  • MDOT Carpool Lot

    4.33 miles

  • Wixom Habitat Parking

    4.35 miles

  • Caterer & Staff Parking

    5.09 miles

  • Szechuan Fan

    0.46 miles

  • Buffalo Wild Wings

    0.64 miles

  • Beerhead Bar & Eatery

    0.66 miles

  • Black Rock

    0.67 miles

  • Bar Louie

    0.67 miles

  • Noodle Topia

    0.69 miles

  • Taipae 101

    0.71 miles

  • Buddy's Pizza

    0.82 miles

  • Chuck E. Cheese

    0.82 miles

  • Texas Roadhouse

    0.82 miles

  • Twelve Mile Crossing at Fountain Walk

    0.69 miles

  • Sears Outlet

    0.73 miles

  • West Oaks I

    0.85 miles

  • Gordon Food Service

    0.94 miles

  • Kohl's

    0.97 miles

  • West Oaks II

    1.00 miles

  • Marshalls

    1.04 miles

  • TJ Maxx

    1.20 miles

  • Walmart Supercenter

    1.20 miles

  • Macy's

    1.26 miles

  • Novi Urgent Care

    0.91 miles

  • Creams N' Caps

    0.97 miles

  • Urgent Care of Novi

    1.07 miles

  • Novi Fire Department

    1.28 miles

  • Providence Park Hospital

    1.34 miles

  • Concerta Urgent Care

    1.34 miles

  • City of Novi Lee C. Begole Police Headquarters

    1.41 miles

  • CVS Pharmacy

    1.53 miles

  • Novi Kidney Center

    1.55 miles

  • Walgreens

    1.63 miles

Frequently Asked Questions

How much does Sherwin-Williams cost?

The space currently listed for sale at Sherwin-Williams asks for $1,501,565.

What is the total square footage of Sherwin-Williams?

Sherwin-Williams totals 10,540 square feet.

When was this property built?

Sherwin-Williams was built in 1988.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Simon Jonna

Colliers

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