• Property Alerts
  • Research Reports
Net Lease Sherwin Williams

Net Lease Sherwin Williams Property For Sale

Date November 23, 2016

The Boulder Group is pleased to exclusively market for sale a single tenant net lease Sherwin Williams property located within the Cincinnati MSA in Florence, Kentucky.  The 4,000 square foot Sherwin-Williams is strategically positioned along US-42, a primary east-west thoroughfare within a dominant retail corridor.  The location has multiple points of ingress and egress and offers excellent visibility.

The net lease Sherwin Williams is located along US-42 which experiences traffic counts in excess of 37,350 vehicles per day.  Average household incomes within a one mile radius are in excess of $88,000 annually.  Retailers in the area include CVS Pharmacy, AutoZone, Ace Hardware, McDonald’s, US Bank, Chase Bank, Play it Again Sports and UPS to name a few.  Ockerman Middle School and Elementary School located half a mile from the Sherwin-Williams property.

The Sherwin-Williams lease has roughly five years remaining with a rental increase in 2017 and three 5-year renewal option periods.

The Sherwin-Williams Company is an American Fortune 500 company in the general building materials industry. The company, with headquarters in Cleveland, Ohio, primarily engages in the manufacture, distribution, and sale of paints, coatings and related products to professional, industrial, commercial, and retail customers.

Sherwin-Williams is a publicly traded company on the New York Stock Exchange (SHW), with a market capitalization of $22.7 Billion. Sherwin-Williams is an investment grade company with a Standard & Poor’s rating of A.
 

INVESTMENT HIGHLIGHTS

  • Located within the Cincinnati MSA
  • 8% rental escalation in December 2017
  • Investment grade rated tenant (S&P: A)
  • Average household incomes within a one mile radius is roughly $88,000 annually
  • Strategic location on US-42, the primary east-west thoroughfare experiencing traffic counts in excess of 37,350 VPD
  • Rapidly growing community
  • Fortune 500 Company
  • Tenant is a publicly traded company (NYSE: SHW) with a market capitalization in excess of $22.7 billion

Sherwin-Williams is the #1 paint store in the country

Back