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Miscellaneous

Sherwin Williams | Affluent North Atlanta

748 Dacula Rd, Dacula, GA 30019

Listing Price: $1,825,000

Cap Rate
6.00%
Tenant Name
Sherwin Williams
Years Remaining On Lease
9.9
Guarantor
Corporate Guarantee
Rentable SF
5,500
Lease Type
Double Net
Rent Per Square Feet
$19.91

Investment Overview

5 MILE POPULATION IS 129,058 WITH 23% GROWTH
• The population within a 5 mile radius of the subject property is 129,058.
• The 5 mile population increased by 23% from 2010-2020 and the projected growth rate over the next 5 years is 5.52%.
• The 1 mile population experienced a 45.50% growth rate from 2010-2020.

AFFLUENT NORTH ATLANTA MARKET | AVG HHI: $135,697 WITH 8.5% PROJECTED GROWTH
• The subject property is located in Dacula, an affluent north Atlanta suburb about 35 miles northeast of downtown Atlanta.
• The average household income within a 1 mile radius of this property is $135,697 with an 8.5% projected growth rate over the next 5 years.
• Dacula is located in Gwinnett County which is the fastest growing county in the state with over 1 million residents.
• Atlanta is home to multiple Fortune 500 companies including the Coca-Cola Company, Home Depot, Delta Air Lines, and more.
• Atlanta is also home to the busiest airport in the world, Hartsfield-Jackson Atlanta International Airport, which handles more than 108 million passengers per year.

ADJACENT TO PUBLIX ANCHORED SHOPPING CENTER | AND MULTIPLE NEW RETAIL DEVELOPMENTS
• This Sherwin Williams is located on Dacula Rd (16,500 VPD) adjacent to a Publix anchored shopping center.
• There is a new multiparcel retail development across from this Sherwin that includes Express Oil Change, Wendy’s, Huey Magoos, and Whitecap Car Wash.
• Additional national retailers in this corridor include Kroger, Chick-fil-A, Taco Bell, McDonald’s, Walgreens, and more.
• Hebron Christian Academy is directly across the street and supports over 1,200 students and 200 faculty members.

NEARLY 20 YEARS OF OPERATING HISTORY | CORPORATE LEASE GUARANTEED BY INVESTMENT GRADE TENANT (S&P:BBB)
• Sherwin Williams has operated at this location since 2008 and is extending the lease early for an additional 10 years demonstrating their confidence in this location.
• This will be Sherwin Williams 2nd early 10 year lease extension. Sherwin also signed a new 10 year lease in 2017 and increased their rent by 10% per the lease.
• The Tenant is responsible for Taxes, Insurance, Utilities and HVAC.
• There are limited landlord responsibilities that include Roof, Structure, and parking lot.
• Founded in 1866, the Sherwin Williams Company is a global leader in the manufacture, development, distribution and sale of paint, coatings and related products.
• Sherwin Williams branded products are sold exclusively through a chain of more than 5,400 company operated stores.
• Sherwin Williams has an IG credit rating of BBB and their 2024 sales increased 11.1% to a record $22.15 billion.

Investment Highlights

  • 5 MILE POPULATION IS 129,058 WITH 23% GROWTH
  • AFFLUENT NORTH ATLANTA MARKET | AVG HHI: $135,697 WITH 8.5% PROJECTED GROWTH
  • ADJACENT TO PUBLIX ANCHORED SHOPPING CENTER | AND MULTIPLE NEW RETAIL DEVELOPMENTS
  • NEARLY 20 YEARS OF OPERATING HISTORY | CORPORATE LEASE GUARANTEED BY INVESTMENT GRADE TENANT (S&P:BBB)

Exclusively Listed By

Miscellaneous

Sherwin Williams | Affluent North Atlanta

Listing Price: $1,825,000

Cap Rate
6.00%
Tenant Name
Sherwin Williams
Years Remaining On Lease
9.9
Guarantor
Corporate Guarantee
Rentable SF
5,500
Lease Type
Double Net
Rent Per Square Feet
$19.91

Investment Highlights

  • 5 MILE POPULATION IS 129,058 WITH 23% GROWTH
  • AFFLUENT NORTH ATLANTA MARKET | AVG HHI: $135,697 WITH 8.5% PROJECTED GROWTH
  • ADJACENT TO PUBLIX ANCHORED SHOPPING CENTER | AND MULTIPLE NEW RETAIL DEVELOPMENTS
  • NEARLY 20 YEARS OF OPERATING HISTORY | CORPORATE LEASE GUARANTEED BY INVESTMENT GRADE TENANT (S&P:BBB)

Investment Overview

5 MILE POPULATION IS 129,058 WITH 23% GROWTH • The population within a 5 mile radius of the subject property is 129,058. • The 5 mile population increased by 23% from 2010-2020 and the projected growth rate over the next 5 years is 5.52%. • The 1 mile population experienced a 45.50% growth rate from 2010-2020. AFFLUENT NORTH ATLANTA MARKET | AVG HHI: $135,697 WITH 8.5% PROJECTED GROWTH • The subject property is located in Dacula, an affluent north Atlanta suburb about 35 miles northeast of downtown Atlanta. • The average household income within a 1 mile radius of this property is $135,697 with an 8.5% projected growth rate over the next 5 years. • Dacula is located in Gwinnett County which is the fastest growing county in the state with over 1 million residents. • Atlanta is home to multiple Fortune 500 companies including the Coca-Cola Company, Home Depot, Delta Air Lines, and more. • Atlanta is also home to the busiest airport in the world, Hartsfield-Jackson Atlanta International Airport, which handles more than 108 million passengers per year. ADJACENT TO PUBLIX ANCHORED SHOPPING CENTER | AND MULTIPLE NEW RETAIL DEVELOPMENTS • This Sherwin Williams is located on Dacula Rd (16,500 VPD) adjacent to a Publix anchored shopping center. • There is a new multiparcel retail development across from this Sherwin that includes Express Oil Change, Wendy’s, Huey Magoos, and Whitecap Car Wash. • Additional national retailers in this corridor include Kroger, Chick-fil-A, Taco Bell, McDonald’s, Walgreens, and more. • Hebron Christian Academy is directly across the street and supports over 1,200 students and 200 faculty members. NEARLY 20 YEARS OF OPERATING HISTORY | CORPORATE LEASE GUARANTEED BY INVESTMENT GRADE TENANT (S&P:BBB) • Sherwin Williams has operated at this location since 2008 and is extending the lease early for an additional 10 years demonstrating their confidence in this location. • This will be Sherwin Williams 2nd early 10 year lease extension. Sherwin also signed a new 10 year lease in 2017 and increased their rent by 10% per the lease. • The Tenant is responsible for Taxes, Insurance, Utilities and HVAC. • There are limited landlord responsibilities that include Roof, Structure, and parking lot. • Founded in 1866, the Sherwin Williams Company is a global leader in the manufacture, development, distribution and sale of paint, coatings and related products. • Sherwin Williams branded products are sold exclusively through a chain of more than 5,400 company operated stores. • Sherwin Williams has an IG credit rating of BBB and their 2024 sales increased 11.1% to a record $22.15 billion.

Exclusively Listed By

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