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Miscellaneous

Sherwin Williams

4032 Cavalier Dr, Macon, GA 31220

Listing Price: $897,638

Cap Rate
6.35%
Tenant Name
Sherwin-Williams
Years Remaining On Lease
3.8
Gross SF
6,780
Guarantor
Corporate Guarantee
Rentable SF
6,780
Price/Gross SF
$132.39
Lease Type
Double Net
Rent Per Square Feet
$8.41

Investment Overview

We are pleased to offer for sale the fee simple interest in a freestanding, single-tenant retail store and warehouse containing Sherwin-Williams (the “Property” or “Asset”) located in Macon, Georgia. Sherwin-Williams is one of the largest companies in the paint and coating manufacturing industry, with operations in over 120 countries. Sherwin-Williams has investment grade credit (Moody’s Baa2) and is publicly traded (NYSE: SHW) with a $65 billion market capitalization. This asset serves as a floor covering store for Sherwin-Williams and features many popular brands, like Shaw, Mohawk, Armstrong, Mannington, Congoleum, Carpenter, Roppe, Dream Weaver. The lease features an initial 10-year commitment with a double net lease structure and has 10.0% increases on the options. The Property is positioned right off of the I-475 and is only a short 7 mile drive from Downtown Macon. There are nearly 10,000 households within 3 miles of the asset. This offering presents the rare opportunity to acquire a stabilized single tenant asset with a fairly passive ownership structure for 4 years and outstanding security in the value of the underlying real estate.

Investment Highlights

  • The Asset is well located in the market and is directly off of a diamond interchange.
  • The Asset is mission critical to the tenant's business.
  • Low price point to acquire a desirable industrial distribution asset.
  • Investment grade credit tenancy.
  • Sherwin-Williams is an industry leader.

Exclusively Listed By

  • Peter Bauman

    Senior Vice President Investments

    (602) 687-6685

    Email Peter

    License(s): AZ: SA647389000, NV: S.0186153

    Phoenix

  • Tivon Moffitt

    Senior Vice President Investments

    (602) 687-6688

    Email Tivon

    License(s): AZ: BR639369000, NV: S.0186027, UT: 11178542-AB00

    Phoenix

  • Cesar A. Talavera

    Vice President Investments

    (702) 215-7132

    Email Cesar

    License(s): NV: BS.0045231

    Las Vegas

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Listing Price: $897,638

Cap Rate
6.35%
Tenant Name
Sherwin-Williams
Years Remaining On Lease
3.8
Gross SF
6,780
Guarantor
Corporate Guarantee
Rentable SF
6,780
Price/Gross SF
$132.39
Lease Type
Double Net
Rent Per Square Feet
$8.41

Investment Highlights

  • The Asset is well located in the market and is directly off of a diamond interchange.
  • The Asset is mission critical to the tenant's business.
  • Low price point to acquire a desirable industrial distribution asset.
  • Investment grade credit tenancy.
  • Sherwin-Williams is an industry leader.

Investment Overview

We are pleased to offer for sale the fee simple interest in a freestanding, single-tenant retail store and warehouse containing Sherwin-Williams (the “Property” or “Asset”) located in Macon, Georgia. Sherwin-Williams is one of the largest companies in the paint and coating manufacturing industry, with operations in over 120 countries. Sherwin-Williams has investment grade credit (Moody’s Baa2) and is publicly traded (NYSE: SHW) with a $65 billion market capitalization. This asset serves as a floor covering store for Sherwin-Williams and features many popular brands, like Shaw, Mohawk, Armstrong, Mannington, Congoleum, Carpenter, Roppe, Dream Weaver. The lease features an initial 10-year commitment with a double net lease structure and has 10.0% increases on the options. The Property is positioned right off of the I-475 and is only a short 7 mile drive from Downtown Macon. There are nearly 10,000 households within 3 miles of the asset. This offering presents the rare opportunity to acquire a stabilized single tenant asset with a fairly passive ownership structure for 4 years and outstanding security in the value of the underlying real estate.

Exclusively Listed By

  • Peter Bauman

    Senior Vice President Investments

    (602) 687-6685

    Email Peter

    License(s): AZ: SA647389000, NV: S.0186153

    Phoenix

  • Tivon Moffitt

    Senior Vice President Investments

    (602) 687-6688

    Email Tivon

    License(s): AZ: BR639369000, NV: S.0186027, UT: 11178542-AB00

    Phoenix

  • Cesar A. Talavera

    Vice President Investments

    (702) 215-7132

    Email Cesar

    License(s): NV: BS.0045231

    Las Vegas

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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