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Miscellaneous

Sherwin-Williams

1828 N Croatan Hwy, Kill Devil Hills, NC 27948

Listing Price: $3,357,000

Cap Rate
6.00%
Tenant Name
Sherwin-Williams
Years Remaining On Lease
9.6
Guarantor
Corporate Guarantee
Rentable SF
4,000
Lease Type
Double Net
Rent Per Square Feet
$50.36

Investment Overview

Founded in 1866 by visionary entrepreneurs Henry Sherwin and Edward Williams, The Sherwin-Williams Company has grown into a global powerhouse. As a Fortune 500 leader in the building materials industry, Sherwin-Williams excels in the innovation, production, and distribution of premium paints, coatings, and related products. With a presence spanning the Americas and Europe, the company serves a diverse customer base—from professionals and industrial clients to commercial enterprises and everyday consumers.

Nestled along the scenic Outer Banks of North Carolina, Kill Devil Hills is the largest town in Dare County, home to approximately 7,600 residents. Known for its rich history and coastal charm, this vibrant community is a popular destination for both locals and visitors seeking the unique blend of natural beauty and small-town hospitality.

Investment Highlights

  • New 10-Year Lease with Corporate Guaranty by Sherwin-Williams (NASDAQ: SHW)
  • Sherwin-Williams 2023 Revenue was Over $23 Billion & 2023 EBITDA Increased by 17.5 Percent to $4.24 Billion
  • Situated in the Heart of North Carolina's Outer Banks, a Popular Tourist Destination
  • Located Across from Target and Adjacent to Dare Centre - Tenants Include Belk, Food Lion, and Rack Room Shoes
  • Excellent Visibility Along Croatan Highway (32,000+ Cars per Day)

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    First Vice President Investments

    (919) 674-1104

    License(s) NC: 241055

    North Carolina

Financing By

Miscellaneous

Sherwin-Williams

Listing Price: $3,357,000

Cap Rate
6.00%
Tenant Name
Sherwin-Williams
Years Remaining On Lease
9.6
Guarantor
Corporate Guarantee
Rentable SF
4,000
Lease Type
Double Net
Rent Per Square Feet
$50.36

Investment Highlights

  • New 10-Year Lease with Corporate Guaranty by Sherwin-Williams (NASDAQ: SHW)
  • Sherwin-Williams 2023 Revenue was Over $23 Billion & 2023 EBITDA Increased by 17.5 Percent to $4.24 Billion
  • Situated in the Heart of North Carolina's Outer Banks, a Popular Tourist Destination
  • Located Across from Target and Adjacent to Dare Centre - Tenants Include Belk, Food Lion, and Rack Room Shoes
  • Excellent Visibility Along Croatan Highway (32,000+ Cars per Day)

Investment Overview

Founded in 1866 by visionary entrepreneurs Henry Sherwin and Edward Williams, The Sherwin-Williams Company has grown into a global powerhouse. As a Fortune 500 leader in the building materials industry, Sherwin-Williams excels in the innovation, production, and distribution of premium paints, coatings, and related products. With a presence spanning the Americas and Europe, the company serves a diverse customer base—from professionals and industrial clients to commercial enterprises and everyday consumers. Nestled along the scenic Outer Banks of North Carolina, Kill Devil Hills is the largest town in Dare County, home to approximately 7,600 residents. Known for its rich history and coastal charm, this vibrant community is a popular destination for both locals and visitors seeking the unique blend of natural beauty and small-town hospitality.

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    First Vice President Investments

    (919) 674-1104

    License(s): NC: 241055

    North Carolina

Financing By

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