Marcus & Millichap Brokers Sale Of Two Newly Built Sherwin-Williams Retail Properties In Texas
547 Town Center Boulevard & 12716 Fm 1560
Building Size
8,955 SF
Asset Type
Retail
Closing
Jun 22, 2026
About this deal
AI
Two newly built Sherwin-Williams retail properties were sold in Texas, located at 547 Town Center Boulevard in Jarrell and 12716 FM 1560 in Helotes. The combined square footage of both properties is approximately 8,955 square feet, and they are leased on 10-year terms to the Fortune 500 paint retailer.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Addresses: 547 Town Center Boulevard, Jarrell, TX and 12716 FM 1560, Helotes, TX
- Market: Jarrell & Helotes, TX
- Asset Size: 8,955 SF
- Brokerage Firm: Marcus & Millichap
- Brokers: Mark Ruble, Chris Lind & Zack House
- Seller Location: North Carolina
- Buyers: One Texas LLC for Jarrell property and one Florida LLC for Helotes property
- Lease Terms: 10-year leases
Marcus & Millichap facilitated the transactions for the two properties, indicating a continued investor interest in single-tenant net-leased retail. The seller exited both assets through separate buyers in the deal.
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Retail
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Center Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93