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Sherwin-Williams 5852 Reidville rd 4,000 SF Retail Building Moore, SC 29369 $2,569,000 ($642.25/SF) 6.15% Cap Rate
INVESTMENT HIGHLIGHTS
- POSITIONED IN HIGH DEMAND RETAIL TRADE AREA
- STRONG LEASE FUNDAMENTALS WITH BUMPS
- 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
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)
- 2024 EOY sales increased to 11.1% to a record $22.15B
POSITIONED NEAR MARKET DRIVERS & DEMAND
- This Sherwin-Williams is located 1.5 Miles from the 2.0MSF industrial park
- Located just 8 miles west of the 8MSF BMW plant which employs over 11,000 people
- Over 428 homes and apartment units have been built in the last 4 years pushing total residential supply to over 2K units providing consumer demand
POSITIONED IN HIGH DEMAND RETAIL TRADE AREA
- Over 312K SF of Retail is located in a 1-mile radius, boasting a sub 1% vacancy Rate
- Nearby Major retailers include: Publix Super Market, Ingles Market, McDonalds, and AutoZone
HIGH GROWTH UPSTATE SC AREA
- Over 25+ colleges and university in the Upstate region providing ~28K graduates to the workforce each year
- Greenville, SC has had $11B of capital investment in the trailing 3 years
- 13.5% population growth since 2014
NEW CONSTRUCTION WITH LONG TERM LEASE
- New Construction built with Sherwin’s newest store layout
- Transferable warranties to be assigned to new owner
- 10 year lease signed with Sherwin Corporate provides stable income throughout the entire term
- NN Lease with minimal Landlord Responsibilities
- Six (6) Five (5) year extensions remaining for the tenant with 8% Increases each option
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)
- 2024 EOY sales increased to 11.1% to a record $22.15B
POSITIONED NEAR MARKET DRIVERS & DEMAND
- This Sherwin-Williams is located 1.5 Miles from the 2.0MSF industrial park
- Located just 8 miles west of the 8MSF BMW plant which employs over 11,000 people
- Over 428 homes and apartment units have been built in the last 4 years pushing total residential supply to over 2K units providing consumer demand
POSITIONED IN HIGH DEMAND RETAIL TRADE AREA
- Over 312K SF of Retail is located in a 1-mile radius, boasting a sub 1% vacancy Rate
- Nearby Major retailers include: Publix Super Market, Ingles Market, McDonalds, and AutoZone
HIGH GROWTH UPSTATE SC AREA
- Over 25+ colleges and university in the Upstate region providing ~28K graduates to the workforce each year
- Greenville, SC has had $11B of capital investment in the trailing 3 years
- 13.5% population growth since 2014
NEW CONSTRUCTION WITH LONG TERM LEASE
- New Construction built with Sherwin’s newest store layout
- Transferable warranties to be assigned to new owner
- 10 year lease signed with Sherwin Corporate provides stable income throughout the entire term
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,000 SF
Building Class
B
Year Built
2025
Price
$2,569,000
Price Per SF
$642.25
Cap Rate
6.15%
NOI
$158,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.90 AC
Frontage
211’ on Reidville Road
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Sherwin-Williams
- Retailer
- 4,000 SF
- -
- Double Net
- Jun 2035
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Sherwin-Williams | Retailer | 4,000 SF | - | Double Net | Jun 2035 |
NEARBY MAJOR RETAILERS
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Sherwin-Williams | 5852 Reidville rd
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