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Miscellaneous

Sherwin-Williams

119 OH-3, Sunbury, OH 43074

Listing Price: $2,105,000

Cap Rate
5.00%
Tenant Name
Sherwin-Williams
Years Remaining On Lease
9.4
Gross SF
3,500
Guarantor
Corporate Guarantee
Rentable SF
3,500
Price/Gross SF
$601.43
Lease Type
Double Net
Rent Per Square Feet
$30.07

Investment Overview

The Sherwin-Williams Company was founded by Henry Sherwin and Edward Williams in 1866. A Fortune 500 company in the general building materials industry, Sherwin-Williams is a global leader in the manufacture, development, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers primarily in North and South America and Europe. Sunbury is a historic and charming city located in Delaware County, Ohio. Home to nearly 6,500 people, in 2021 Sunbury surpassed the necessary number of residents to change its classification from a village to a city. The city is centered on a New England-styled traditional town square with a historic town hall. Numerous businesses, restaurants, and offices surround the square, creating a walkable and friendly environment.

Investment Highlights

  • Nine and a Half Years Remaining on Corporate Lease with Sherwin-Williams (NASDAQ: SHW)
  • New High-Quality 2020 Construction
  • 10 Percent Rental Increases Every Five Years - Next Increase Occurs in 2025
  • 22,077 Residents Within a Five-Mile Radius (Columbus MSA) - Households and Population Projected to Increase More than 16 Percent in Immediate Area
  • Outparcel to Kroger and Adjacent to Taco Bell, Chase Bank, and Dairy Queen
  • Excellent Visibility with Nearly 30,000 Cars per Day at the Intersection of North State Street and West Cherry Street
  • Average Household Income Exceeds $146,000 Within Fives Miles of the Site
  • Situated in Sunbury's Primary Retail Corridor - Kroger, Ace Hardware, Goodwill, McDonald's, Wendy's, and More

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Miscellaneous

Sherwin-Williams

Listing Price: $2,105,000

Cap Rate
5.00%
Tenant Name
Sherwin-Williams
Years Remaining On Lease
9.4
Gross SF
3,500
Guarantor
Corporate Guarantee
Rentable SF
3,500
Price/Gross SF
$601.43
Lease Type
Double Net
Rent Per Square Feet
$30.07

Investment Highlights

  • Nine and a Half Years Remaining on Corporate Lease with Sherwin-Williams (NASDAQ: SHW)
  • New High-Quality 2020 Construction
  • 10 Percent Rental Increases Every Five Years - Next Increase Occurs in 2025
  • 22,077 Residents Within a Five-Mile Radius (Columbus MSA) - Households and Population Projected to Increase More than 16 Percent in Immediate Area
  • Outparcel to Kroger and Adjacent to Taco Bell, Chase Bank, and Dairy Queen
  • Excellent Visibility with Nearly 30,000 Cars per Day at the Intersection of North State Street and West Cherry Street
  • Average Household Income Exceeds $146,000 Within Fives Miles of the Site
  • Situated in Sunbury's Primary Retail Corridor - Kroger, Ace Hardware, Goodwill, McDonald's, Wendy's, and More

Investment Overview

The Sherwin-Williams Company was founded by Henry Sherwin and Edward Williams in 1866. A Fortune 500 company in the general building materials industry, Sherwin-Williams is a global leader in the manufacture, development, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers primarily in North and South America and Europe. Sunbury is a historic and charming city located in Delaware County, Ohio. Home to nearly 6,500 people, in 2021 Sunbury surpassed the necessary number of residents to change its classification from a village to a city. The city is centered on a New England-styled traditional town square with a historic town hall. Numerous businesses, restaurants, and offices surround the square, creating a walkable and friendly environment.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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