Positioned on Hilliard Rd with 28,700 AADT on nearby West Adams Ave, the property benefits from its location opposite a Walmart Supercenter. National retailers like H-E-B, Lowe’s, and Target within 1 mile draw steady consumer traffic. The 5-mile population of 91,353 ensures a robust customer base for Sherwin-Williams’ paint and coating sales.
The 10-year Net lease, commencing May 10, 2025, and expiring May 31, 2035, requires Sherwin-Williams to cover taxes, insurance, non-structural maintenance, landscaping, HVAC, and parking lot upkeep. The landlord is responsible for roof, structure, and parking lot replacement, offering a low-maintenance investment. Rent increases of 10% every five years provide inflation protection through the initial term and four 10-year options.
Sherwin-Williams, a Fortune 500 company with over 5,000 locations, backs this lease with its corporate guarantee, ensuring reliability. The brand’s focus on serving contractors and homeowners aligns with Temple’s construction-driven growth. This lease structure and tenant profile deliver a secure income stream for investors.
The 5-mile radius boasts a population of 91,353, projected to grow 7.5% by 2029. Within 1 mile, the population of 4,769 has an average household income of $112,401, among the highest locally. This affluent, expanding market supports Sherwin-Williams’ retail demand.
The 4,595 SF building, completed in 2025 on a 1.33-acre lot, features Sherwin-Williams’ latest store design for operational efficiency and customer convenience. The new construction minimizes near-term capital expenditures, enhancing investor returns. Its strategic layout supports high-volume sales in a growing market.
Proximity to West Adams Ave (28,700 AADT) and Airport Rd (21,359 AADT) ensures excellent connectivity. The site’s location in a corridor with new retail and residential developments, plus Temple’s healthcare and manufacturing sectors, positions it for long-term stability. Nearby Temple College (8,000 students) adds consistent traffic.