Surprise, AZ - Sherwin Williams

Description:

- The tenant recently signed a brand new 10-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site
- The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation

- The subject property is part of the new development “Cactus | 303”, which will feature several national tenants including In-N-Out, QuikTrip, Take 5, Discount Tire, Slim Chickens, Quick Quack Car Wash, and more
- Surprise, Arizona is one of the fastest growing communities in the entire country
- The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Costco Wholesale, Walmart Supercenter, Home Depot, Kohl’s, TJ Maxx, DICK’S Sporting Goods, Fry’s Grocer, EoS Fitness and more

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