Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in a new-construction, Sherwin-Williams located in Jefferson City (Knoxville MSA), Jefferson County, TN (the "Property"). US-based Sherwin-Williams (S&P: BBB+) is the world’s most valuable and dominant Paints brand with a market cap of approximately $86 Billion and revenues over $23 Billion.
Sherwin-Williams projects excellent sales at this location which will generate a very low rent to sales ratio of approximately 4% or less. Sherwin-Williams signed a ten (10) year net lease plus four 5-year options. Each option has an 8% rent increase. This location will have a 4,000 SF retail building that sits on 1.82 acres.
Sherwin-Williams chose this location due to its regional access. E. Broadway Blvd. is one of the main thoroughfares connecting Knoxville to Jefferson City to Morristown, TN. The site has excellent visibility to the over 26,000 cars per day on E. Broadway Blvd. Additionally, the location is just north of State Hwy 92, which connects with Interstate 40, approximately 15 minutes away.