2251 Hog Mountain Rd
Watkinsville, GA 30677
Subway · Retail Property For Sale

Sherwin-Williams | 11.5 Yr. Corp. Lease w/ Bumps SRS National Net Lease Group is pleased to present the opportunity to acquire Sherwin-Williams, a NN leased, corporate guaranteed, investment property located in Watkinsville, Georgia. The tenant, Sherwin-Williams (NYSE: SHW | S&P: A), recently extended their lease to a new 11.5-year term with 2 (5-Year) option periods, demonstrating their commitment to the location. The lease features a 10% increases in July 2018 and at the beginning of each option period, which generates steady NOI growth and hedges against inflation. The lease is NN with landlord responsible for roof and structure, parking area, driveways, sidewalks, and unexposed plumbing, gas, electrical, and similar systems. The Sherwin-Williams is located along Hog Mountain Road with 9,200 cars passing by daily. The site is located adjacent to Butler' s Crossing, a shopping center anchored by Publix and Goodwill. Nearby national/credit tenants include UPS, Verizon, Family Dollar, Rite Aid, CVS, and more, which further increases consumer draw to the subject trade area. The 5-mile trade area is supported by an affluent population of 36,000 with an average household income of $90,000.