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Sherwin Williams 11120 11120 Mt Holly Rd rd 4,000 SF Retail Building Charlotte, NC 28214 $3,172,000 ($793/SF) 5.80% Cap Rate
Investment Highlights
- CORPORATE LEASE WITH FORTUNE 500 COMPANY
- CORNER EXPOSURE ON HIGHTRAFFIC ARTERIAL
- NEW CONSTRUCTION WITH LONG TERM LEASE
Executive Summary
STRONG LEASE FUNDAMENTALS WITH BUMPS
- NN Lease with minimal Landlord Responsibilities
- Six (6) Five (5) year extensions remaining for the tenant with 8% Increases each option
CHARLOTTE, NC - A TOP PERFORMING MARKET NATIONALLY
- Charlotte, NC is now the 14th largest city in the U.S., with a population exceeding 943,000
- From 2020 to 2024, Charlotte recorded the 4th largest population increase in the nation, adding more than 69,000 residents
- Ranked among the top 10 hottest housing markets, Charlotte placed 7th nationally
- Over the past decade, the Charlotte region has experienced 24% employment growth, with an additional 8% job expansion projected between 2024 and 2030
CORPORATE LEASE WITH FORTUNE 500 COMPANY
- Sherwin Williams has over 4,900 locations and employs over 61K people
- Market cap of $63.89B (NYSE: SHW)
- 2022 EOY sales increased to 11.1% to a record $22.15B
NEW CONSTRUCTION WITH LONG TERM LEASE
- New Construction built with Sherwin’s newest store layout
- Roof and Structure warranties will transfer to new owner
- 10 year lease signed with Sherwin Corporate provides stable income throughout the entire tenancy
- 40 year lease potential with options
CORNER EXPOSURE ON HIGHTRAFFIC ARTERIAL
- Positioned along Mt Holly Rd (NC-27) with excellent visibility and access
- Direct connectivity to I-485 and I-77 provides seamless regional access across the Charlotte MSA
- High traffic exposure from both commuter and retail-driven corridors supporting long-term tenant performance
ROBUST TRADE AREA DEMOGRAPHICS
- Surrounded by dense suburban growth with strong household incomes
- Population within a 5-mile radius exceeds 95K - AHHI within a 1-mile radius exceeds $105K
- Mt. Holly / NC 27 corridor has seen an ~18% population increase since 2010 and 70% since 2000
- NN Lease with minimal Landlord Responsibilities
- Six (6) Five (5) year extensions remaining for the tenant with 8% Increases each option
CHARLOTTE, NC - A TOP PERFORMING MARKET NATIONALLY
- Charlotte, NC is now the 14th largest city in the U.S., with a population exceeding 943,000
- From 2020 to 2024, Charlotte recorded the 4th largest population increase in the nation, adding more than 69,000 residents
- Ranked among the top 10 hottest housing markets, Charlotte placed 7th nationally
- Over the past decade, the Charlotte region has experienced 24% employment growth, with an additional 8% job expansion projected between 2024 and 2030
CORPORATE LEASE WITH FORTUNE 500 COMPANY
- Sherwin Williams has over 4,900 locations and employs over 61K people
- Market cap of $63.89B (NYSE: SHW)
- 2022 EOY sales increased to 11.1% to a record $22.15B
NEW CONSTRUCTION WITH LONG TERM LEASE
- New Construction built with Sherwin’s newest store layout
- Roof and Structure warranties will transfer to new owner
- 10 year lease signed with Sherwin Corporate provides stable income throughout the entire tenancy
- 40 year lease potential with options
CORNER EXPOSURE ON HIGHTRAFFIC ARTERIAL
- Positioned along Mt Holly Rd (NC-27) with excellent visibility and access
- Direct connectivity to I-485 and I-77 provides seamless regional access across the Charlotte MSA
- High traffic exposure from both commuter and retail-driven corridors supporting long-term tenant performance
ROBUST TRADE AREA DEMOGRAPHICS
- Surrounded by dense suburban growth with strong household incomes
- Population within a 5-mile radius exceeds 95K - AHHI within a 1-mile radius exceeds $105K
- Mt. Holly / NC 27 corridor has seen an ~18% population increase since 2010 and 70% since 2000
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
4,000 SF
Year Built
2025
Price
$3,172,000
Price Per SF
$793
Cap Rate
5.80%
NOI
$184,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.49 AC
Property Taxes
| Parcel Number | 031-141-17 | Improvements Assessment | $0 |
| Land Assessment | $1,141,900 | Total Assessment | $1,141,900 |
Property Taxes
Parcel Number
031-141-17
Land Assessment
$1,141,900
Improvements Assessment
$0
Total Assessment
$1,141,900
Contacts
-
David Hoppe -
Mike Lucier -
Ben Olmstead -
Ben McCarter -
Connor Kuchman -
Atlantic Capital Partners
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Sherwin Williams | 11120 11120 Mt Holly Rd rd
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