Sherwin-Williams | Somerset, PA 1243 N Center Ave 5,000 SF Retail Building Somerset, PA 15501 $1,125,000 ($225/SF) 6% Cap Rate

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this Sherwin-Williams location in Somerset, Pennsylvania. Backed by a corporate guarantee from The Sherwin-Williams Company (NYSE: SHW), this investment offers a stable income stream from an established, investment-grade tenant with minimal landlord responsibilities. Sherwin-Williams (S&P: BBB) operates more than 5,000 locations in 120+ countries and boasts a market capitalization exceeding $86 billion. The tenant has continuously occupied this Somerset location since 1990 (35 years) and recently executed an early extension for another 10 years, demonstrating long-term success and commitment at the site.
The property is leased on a NN basis, with the tenant responsible for 100% of real estate taxes and property insurance, while the landlord is only responsible for roof and structure—shielding ownership from rising operating costs. The lease includes a 10% rental increase in 2031 and in each option period, ensuring predictable income growth and a natural hedge against inflation.
Additionally, a new HVAC system was installed in 2023 and as part of a recent lease extension current ownership will complete approximately $50,000 in capital improvements that directly benefit the property and a new owner, ensuring little to no deferred maintenance for years to come. Improvements include installation of a new Rheem heating system (two 125K BTU furnaces with 10- year warranty), a complete resurfacing and 30’ x 30’ expansion of the parking lot (scheduled for completion Spring 2026, approx. $28,000), as well as the installation of a new public water service line and landscaping on the building’s north side to enhance curb appeal.
Sherwin-Williams benefits from a strategic position in a trade area with minimal direct competition—Lowe’s is the only other major home improvement retailer in the market. The store is well-positioned to serve both retail customers and local contractors, supported by a strong blue-collar customer base, which makes up over 26% of the population within a five-mile radius. This offering presents a rare opportunity to acquire a long-term, high-performing retail asset leased to a nationally recognized credit tenant in a proven location with strong in-place economics, excellent accessibility, and long-term upside.