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
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
POSITIONED NEAR MARKET DRIVERS & DEMAND
- This Sherwin-Williams is located 1.5 Miles from the 2.0MSF industrial park
- Located just 8 miles west of the 8MSF BMW plant which employs over 11,000 people
- Over 428 homes and apartment units have been built in the last 4 years pushing total residential supply to over 2K units providing consumer demand
POSITIONED IN HIGH DEMAND RETAIL TRADE AREA
- Over 312K SF of Retail is located in a 1-mile radius, boasting a sub 1% vacancy Rate
- Nearby Major retailers include: Publix Super Market, Ingles Market, McDonalds, and AutoZone
HIGH GROWTH UPSTATE SC AREA
- Over 25+ colleges and university in the Upstate region providing ~28K graduates to the workforce each year
- Greenville, SC has had $11B of capital investment in the trailing 3 years
- 13.5% population growth since 2014
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