3851 West University Street

Highlights:

• Corporate Lease: 10-year lease signed by The Sherwin-Williams Company featuring 10% rental increases every 5 years
• Prime Retail Location: Subject property sandwiched between Menards, Chick- Fil-A, and Springfield Plaza – a 1.2M SF shopping center anchored by Ross, Petco, Michaels, Ulta, and Five Below
• Brand New Building: 2026 build-to-suit construction to tenant’s latest prototype
• Sterling Credit: The company features an investment grade credit rating of “BBB” from the S&P
• Financial Strength: FY 2025 revenues totaled $23.6 billion, up 2.1% over the previous year
• Brand Recognition: Ranked #183 on the Fortune 500 list
• Global Reach: Over 5,400 store locations across the U.S., Canada, the Caribbean, South America, Australia, and New Zealand
• Affluent Residential Demographics: Average household incomes of $94,000 within a 1-mile radius of the subject property
• Steady Growth Submarket: Estimated population increases within a 1, 3, and 5-mile radius over the next 5 years
• University Presence: Missouri State University – the 2nd largest university in Missouri – had over 25,000 students enrolled at the Springfield campus in 2025

Description:

Brand-new 10-year corporate Sherwin Williams lease featuring 10% rental increases throughout the base term and option periods. Sherwin holds an investment grade credit rating of “BBB” from the S&P and reported $23.6 billion in revenues in FY 2025, a 2.1% increase over the previous year.

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