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Sherwin Williams

3150 Eldorado Pkwy, McKinney, TX 75070

Listing Price: $3,073,422

Cap Rate
4.75%
Tenant Name
Sherwin Williams
Years Remaining On Lease
9.8
Guarantor
Corporate Guarantee
Rentable SF
3,893
Lease Type
Double Net
Rent Per Square Feet
$37.50

Investment Overview

This investment opportunity features a freestanding Sherwin-Williams Paint Store located in McKinney, TX (Dallas MSA). The property is situated in a high visibility, bustling retail corridor riddled with National Retailers. McKinney provides excellent demographics. With projected population growth from 254,132 to 300,000+ by 2025, this fast-growing city will experience a 19.85% increase in number of households boasting an average household income of $151,842. Sherwin-Williams recently demonstrated their commitment to this location by extending the original lease term to expire in 2031. Coupled with the recently replaced roof and excellent parking lot condition, this double-net lease offers minimal landlord responsibilities. Sherwin-Williams (NYSE: SHW) was recently given a promotion in credit rating from BBB- to BBB supporting the companies long standing, investment grade operating history.

Investment Highlights

  • Surrounded by National Retailers with Strong Retail Synergy
  • Increasing Population Growth with Strong Demographics
  • Recently Renovated in 2019 Including a New Roof
  • 10 Years Remaining on Lease
  • Investment Grade Credit Tenant (NYSE: SHW) Rated BBB by S&P
  • Corporate Guarantee

Exclusively Listed By

Financing By

Listing Price: $3,073,422

Cap Rate
4.75%
Tenant Name
Sherwin Williams
Years Remaining On Lease
9.8
Guarantor
Corporate Guarantee
Rentable SF
3,893
Lease Type
Double Net
Rent Per Square Feet
$37.50

Investment Highlights

  • Surrounded by National Retailers with Strong Retail Synergy
  • Increasing Population Growth with Strong Demographics
  • Recently Renovated in 2019 Including a New Roof
  • 10 Years Remaining on Lease
  • Investment Grade Credit Tenant (NYSE: SHW) Rated BBB by S&P
  • Corporate Guarantee

Investment Overview

This investment opportunity features a freestanding Sherwin-Williams Paint Store located in McKinney, TX (Dallas MSA). The property is situated in a high visibility, bustling retail corridor riddled with National Retailers. McKinney provides excellent demographics. With projected population growth from 254,132 to 300,000+ by 2025, this fast-growing city will experience a 19.85% increase in number of households boasting an average household income of $151,842. Sherwin-Williams recently demonstrated their commitment to this location by extending the original lease term to expire in 2031. Coupled with the recently replaced roof and excellent parking lot condition, this double-net lease offers minimal landlord responsibilities. Sherwin-Williams (NYSE: SHW) was recently given a promotion in credit rating from BBB- to BBB supporting the companies long standing, investment grade operating history.

Exclusively Listed By

Financing By

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