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10501 Overseas Hwy, Marathon, FL, 33050

Sherwin Williams
$1,795,000

Key Information

Cap Rate
6%
$ per SF
$332
Tot. SF
5,400
Lot Size
0.17 Acres
Year Built
2000
Term Remaining
±4 YRS
Type
Retail
Occupancy
100%
NOI
$107,700

Highlights

  • High Barrier to Entry Market: Monroe County’s Rate of Growth Ordinance (ROGO) heavily restricts new, permanent construction, limiting supply and positions Sherwin Williams to be operating at this store far beyond the remaining term.
  • 99th Percentile Rank: Per AlphaMap Brand Ranking, this store ranks #56/4,381 across the country and #14/349 across the state of Florida.
  • Maximum Exposure: Located directly off Overseas Highway, the main road stretching 113 miles through the entirety of the Florida Keys, the property has visibility to over ±24,000 vehicles daily.
  • Scheduled Exterior Repairs: The tenant recently notified the landlord of corporately approved upgrades to the exterior taking place at the end of Q1 – beginning of Q2 2026.
  • Limited Tenant Footprint: The next closest Sherwin Williams locations are over 40-miles in Key Largo and Key West.
  • Passive Leave Structure: The lease features minimal obligation with the landlord only being responsible for the roof, structure and foundation.
  • Long Term Operation: Sherwin Williams has been operating at this store for over 21 years, further demonstrating the key role this location plays for the local economy.
  • Investment Grade Credit Tenant: Sherwin Williams (NYSE: SHW) includes a BBB+ credit rating from S&P and reported fourth-quarter earnings on January 29, 2026, including a 2.1% YOY increase in net sales to $23.57 billion.
  • Fortune 200 Company: Sherwin Williams Ranks #191 on the fortune 500 list operating over 4,700+ across all 50 states.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # CQ1066435, BK3554632 (FL)
Matthews Real Estate Investment Services, LLC
1600 West End Ave, Ste. 1500 Nashville, TN 37203