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
DENSE LOW VACANCY RETAIL CORRIDOR
- Along the busy Fairview Blvd (15.5K VPD) within a 1-mile radius of the site is more than 345K SF of retail space boasting a 0.5% vacancy rate
- Nearby National Retailers Include: Publix Supermarket, Tractor Supply Co., Walmart Supercenter, and more
HIGH DEMAND FOR TENANT’S PRODUCT
- Fairview, TN has more than 3K permits for new home construction
- Nashville ranked 3rd in large metros building the most homes (construction coverage)
- 28K home building permits authorized in 2022
- 32.8 permits authorized per 1K homes
HIGH GROWTH NASHVILLE MSA
- Nashville MSA was ranked #1 in PWC’s annual US Real Estate Markets to Watch in 2024
- Approximately 98 people move to Nashville, TN a day
- Site is located outside of Nashville, TN in a income tax free state
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