Sherwin-Williams

856 Rockville Pike, Rockville, MD 20852

$4,075,000

Cap Rate 5.50%

Views: 162 DOM: 225 Updated: 11.17.24 Posted: 05.15.24 Status: Active

Summary

Price $4,075,000	Built/Renov 1970/2020	Tenant Sherwin-Williams
Cap Rate 5.50%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 4,795	Lease Start 02-20-2020	#Units 4,931
Price/SF $849.84	Expiration 02-28-2035	Tenant Type General Retail
NOI $224,044	R. Term 10.2	Ownership Fee Simple
Rent/SF $46.72	Increases 15.0%/5/yrs	Pop 5Mi 341,402
Lot/AC 0.30	Options 2/5yrs/15%	AHHI 5Mi $175,271

Andrew Fallon

SRS National Net Lease Group

Contact

Lease Highlights

Sherwin-Williams has 10+ years remaining on the current lease term with 2 (5-year) options to extend
The lease features 15% rental increases throughout the initial term and option periods
Limited landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

Sherwin-Williams is strategically located on Rockville Pike, with access to 62,800 vehicles passing by daily. The property benefits from multiple points of ingress/egress, enhancing its accessibility. Additionally, it is situated across from Wintergreen Plaza, a high-performing community shopping center that ranks in the top 86% of all community shopping centers nationwide according to...

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Key Features

Recent renovation
High traffic 50M+ VPD
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Long 10+ yr lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Sherwin-Williams Wikipedia Sherwin-Williams Wikipedia Rockville, Maryland Zip Code 20852 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Sherwin-Williams
Guarantor:Corp T and Rated
Company:Sherwin-Williams Company
# Units:4,931
Tenant S&P: BBB
Moody’s: Baa2
Stock: NYSE: SHW

About Tenant

The Sherwin-Williams Company (NYSE: SHW) is an American Fortune 500 company in the general building materials industry. Founded by Henry Sherwin and Edward Williams in 1866, the company operates...

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Demographics

	1 Miles	3 Miles	5 Miles
2029 Total Population :	18,740	122,859	346,750
2024 Total Population :	18,736	121,291	341,349
2024 Employed Civilian Pop :	11,034	66,617	186,184
2024 Total Businesses :	1,288	8,227	16,826
2024 Average Household Income :	$ 156,877	$ 186,997	$ 186,109
2024 Total Consumer Spending :	$ 937 M	$ 7295 M	$ 20365 M
2024 Median Age :	39	41	41
2024 Total Households :	7,004	45,914	128,293
2024 Pop Age 25+: Bachelor's Degree :	3,319	25,220	69,338
2024 Average Home Value :	$ 627,671	$ 729,549	$ 744,028

*ESRI data is presented for informational purposes only

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