Property Details

Sherwin-Williams Paints

Hickory, NC
Property ID: 4288

Financial Summary

Asking Price $745,000
Cap Rate 5.80%
Net Operating Income (NOI) $43,194
Lease Type NN
Lease Term Remaining 9.5 Years
The Offering Memorandum for this property is no longer available.

Contact

Andrew Fallon
Executive Managing Director
703.787.4733

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Highlights

  • Sherwin-Williams signed a 10 year lease extension to November 30, 2026
  • Tenant has 45-yr operating history at site; built-to-suit in 1967
  • Investment grade credit (S&P: A)
  • Sherwin-Williams corporate guaranty
  • 6% rent increase starting June 1, 2021 and 8% rent increases in options
  • High sales volume store, significant commercial clientele
  • Corner location - 1 block off Main Ave in downtown Hickory
  • Strong demographics, population of 70,000 within 5 miles

Net Lease Advisor

For more information on this tenant, including averages, overview and credit ratings, visit NetLeaseAdvisor.com.

Location

210 1st Ave NE
Hickory, NC

Traci BidingerSherwin-Williams Paints