Net Leased Sherwin-Williams Sold

The Boulder Group has completed the sale of a single tenant brand-new construction Sherwin-Williams property located at 3834 North Maize Road in Maize, KS for $2,750,000. Zach Wright and Brandon Wright, of The Boulder Group, exclusively represented the seller in the transaction. The seller was a Colorado-based real estate development company and the purchaser was a California-based investor in a 1031 exchange.

The Sherwin-Williams property is strategically located in a dynamic retail corridor that includes national tenants such as Sam’s Club, Menards, Lowe’s, Target, and Walmart Supercenter. The surrounding area is affluent with average annual household income of $136,000 and the property is situated along North Maize Road, the trade area’s primary north-south thoroughfare.

The Sherwin-Williams opened in November 2024 and features a long-term net lease. The lease contains rental increases every five years. Sherwin-Williams is an investment grade rated company (S&P: BBB).

“Sherwin-Williams is well-known for having long operating histories at their stores which is one reason that they’re amongst the most desirable tenants in the net lease space,” stated Zach Wright, Vice President.

“We continue to see strong interest in Midwest net lease properties from West Coast private investors,” added Brandon Wright, Associate.

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