STRONG LEASE FUNDAMENTALS WITH BUMPS
- NN Lease with minimal Landlord Responsibilities
- Six (6) Five (5) year extensions remaining for the tenant with 8% Increases each option
CHARLOTTE, NC - A TOP PERFORMING MARKET NATIONALLY
- Charlotte, NC is now the 14th largest city in the U.S., with a population exceeding 943,000
- From 2020 to 2024, Charlotte recorded the 4th largest population increase in the nation, adding more than 69,000 residents
- Ranked among the top 10 hottest housing markets, Charlotte placed 7th nationally
- Over the past decade, the Charlotte region has experienced 24% employment growth, with an additional 8% job expansion projected between 2024 and 2030
CORPORATE LEASE WITH FORTUNE 500 COMPANY
- Sherwin Williams has over 4,900 locations and employs over 61K people
- Market cap of $63.89B (NYSE: SHW)
- 2022 EOY sales increased to 11.1% to a record $22.15B
NEW CONSTRUCTION WITH LONG TERM LEASE
- New Construction built with Sherwin’s newest store layout
- Roof and Structure warranties will transfer to new owner
- 10 year lease signed with Sherwin Corporate provides stable income throughout the entire tenancy
- 40 year lease potential with options
CORNER EXPOSURE ON HIGHTRAFFIC ARTERIAL
- Positioned along Mt Holly Rd (NC-27) with excellent visibility and access
- Direct connectivity to I-485 and I-77 provides seamless regional access across the Charlotte MSA
- High traffic exposure from both commuter and retail-driven corridors supporting long-term tenant performance
ROBUST TRADE AREA DEMOGRAPHICS
- Surrounded by dense suburban growth with strong household incomes
- Population within a 5-mile radius exceeds 95K - AHHI within a 1-mile radius exceeds $105K
- Mt. Holly / NC 27 corridor has seen an ~18% population increase since 2010 and 70% since 2000