DENSE, LOW VACANCY, COMMERCIAL NODE
- Within a 1-mile radius of the site is more than 2.3M SF of retail space and 1.3MSF of industrial space (0.0% vacancy)
- Nearby National Retailers Include: The Home Depot, Target, Lowe’s Home Improvement, Academy Sports + Outdoors, Walmart Supercenter, and more
ADJACENT TO MAJOR ECONOMIC DRIVERS
- Site is nearby to the Carrier Corporation’s 900K SF manufacturing center which employs over 1,400 people
- Directly across the street from the site is a Pepsi Bottling factory which employs more than 100 people
- Just south of the site is Collierville High School and Collierville Middle School with over 3,000 students and over 775 students respectively
STRONG SURROUNDING DEMOGRAPHICS IN MEMPHIS, TN MSA
- Within the 1,3, and 5 mile radiuses the AHHI exceeds $120K which provides customers with discretionary income
- With over 1.34 million people in the MSA it just became the 6th strongest economic MSA
- In 2024 their GRP (Gross Regional Product) exceeded $100B with a 5% growth annually
NEW CONSTRUCTION WITH LONG TERM LEASE
- New Construction built with Sherwin’s newest store layout
- Transferable warranties to be assigned to new owner
- 10 year lease signed with Sherwin Corporate provides stable income throughout the entire term
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)
- 2024 EOY sales increased to 11.1% to a record $22.15B
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