Sherwin-Williams

For Sale

45295 Grand River Ave , Novi, MI 48375

This Novi property for sale is located at 45295 Grand River Ave . The current listed sale price for Sherwin-Williams is $1,501,565. Sherwin-Williams is situated on a lot that is 1.66 acre in size.

Contacts

broker
Simon Jonna

Colliers

Property Details

  • Property Type Industrial - Warehouse/Distribution
  • Property Size 10,540 SF
  • Lot Size 1.66 Acre
  • Property Tenancy Single Tenant
  • Year Built 1988
  • Date Updated Mar 14, 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

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

Getting around

  • 28/100

    Walk Score ®

  • 32/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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

  • The Original $3.99 Car Wash

    1.00 miles

  • enterprise car rental

    3.95 miles

  • Super Car Wash

    4.93 miles

  • Enterprise

    5.10 miles

  • Volcano Quick Lube & Auto Wash

    5.40 miles

  • Colonial Car Wash

    6.25 miles

  • Car Wash

    6.64 miles

  • Jax Kar Wash

    7.04 miles

  • Self Serve Auto Wash

    7.20 miles

  • $3 Car Wash

    7.27 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

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Simon Jonna

Colliers

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