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Investment Highlights
- INVESTMENT-GRADE CORPORATE GUARANTY (S&P: BBB) - Lease guaranteed by The Sherwin-Williams Company (NYSE: SHW), an S&P investment-grade rated company,
- DENSE, HIGH-INCOME INFILL TRADE AREA - Located within one of Baltimore's most densely populated trade areas, the property serves more than 500,000 res
- SCHEDULED 15% RENT INCREASE - Built-in 15% rent increase commencing April 2027 provides meaningful NOI growth while maintaining an attractive rental b
Executive Summary
- INVESTMENT-GRADE CORPORATE GUARANTY (S&P: BBB) - Lease guaranteed by The Sherwin-Williams Company (NYSE: SHW), an S&P investment-grade rated company, Fortune 500 member, and the nation's largest specialty paint retailer with more than 4,900 locations across North America.
- SCHEDULED 15% RENT INCREASE - Built-in 15% rent increase commencing April 2027 provides meaningful NOI growth while maintaining an attractive rental basis that supports long-term occupancy and future lease renewal.
- DENSE, HIGH-INCOME INFILL TRADE AREA - Located within one of Baltimore's most densely populated trade areas, the property serves more than 500,000 residents within five miles and benefits from average household incomes exceeding $121,000 within one mile.
- NEARLY 40 YEARS OF CONTINUOUS OPERATIONS - Sherwin-Williams has successfully operated from this location since the building's construction in 1986, demonstrating long-term commitment to the site and its surrounding trade area.
- ESTABLISHED NORTH BALTIMORE RETAIL CORRIDOR - Positioned along York Road (15,444 VPD), a primary commercial artery connecting Downtown Baltimore with the city's affluent northern neighborhoods and surrounding suburbs.
- PROXIMITY TO MAJOR EMPLOYMENT CENTERS - Located just minutes from Downtown Baltimore, Johns Hopkins University, and Johns Hopkins Hospital, one of Maryland's largest employment hubs, supporting sustained commercial activity and long-term real estate fundamentals.
- SCHEDULED 15% RENT INCREASE - Built-in 15% rent increase commencing April 2027 provides meaningful NOI growth while maintaining an attractive rental basis that supports long-term occupancy and future lease renewal.
- DENSE, HIGH-INCOME INFILL TRADE AREA - Located within one of Baltimore's most densely populated trade areas, the property serves more than 500,000 residents within five miles and benefits from average household incomes exceeding $121,000 within one mile.
- NEARLY 40 YEARS OF CONTINUOUS OPERATIONS - Sherwin-Williams has successfully operated from this location since the building's construction in 1986, demonstrating long-term commitment to the site and its surrounding trade area.
- ESTABLISHED NORTH BALTIMORE RETAIL CORRIDOR - Positioned along York Road (15,444 VPD), a primary commercial artery connecting Downtown Baltimore with the city's affluent northern neighborhoods and surrounding suburbs.
- PROXIMITY TO MAJOR EMPLOYMENT CENTERS - Located just minutes from Downtown Baltimore, Johns Hopkins University, and Johns Hopkins Hospital, one of Maryland's largest employment hubs, supporting sustained commercial activity and long-term real estate fundamentals.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,200 SF
Building Class
C
Year Built
1986
Price
$1,485,000
Price Per SF
$285.58
Cap Rate
6.25%
NOI
$92,823
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
0.36 AC
Frontage
62’ on York Rd
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Manufacturing
- -
- -
- -
Founded in 1866 by Henry Sherwin and Edward Williams in Cleveland, Sherwin-Williams grew from a paint business into a global company focused on paints, coatings, stains, and related products. The company serves professional, industrial, commercial, and consumer customers through manufacturing, distribution, and retail channels. Its portfolio includes architectural paints, protective and marine coatings, automotive finishes, and wood finishing products. Sherwin-Williams markets products under brands such as Valspar, Krylon, Minwax, Cabot, Dutch Boy, and HGTV HOME by Sherwin-Williams, reflecting a broad presence across multiple coatings and home-improvement verticals.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
Manufacturing | - | - | - |
Moderately walkable
60/100
Moderately drivable
60/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5136A-001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $954,933 |
Property Taxes
Parcel Number
5136A-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$954,933
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