Davenport, FL - Sherwin-Williams

Description:

• The tenant recently signed a brand new 10-year lease with 6 (5-year) options to extend
• The lease features 8% rental increases every 5 years beginning in the option period
• Founded in 1866, The Sherwin Williams Company is a global leader in the manufacture, development, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers
• Sherwin Williams branded products are sold exclusively through a chain of more than 5,400 Company-operated stores and branches
• Situated on an oversized 1.38 acre parcel which provides flexibility in future redevelopment potential

• Located at the signalized, hard corner intersection of Davenport Blvd and
U.S. Hwy 27 averaging a combined 84,300 VPD
• Shares cross-access with the RaceTrac
• There are several new home developments that will provide a direct consumer base from which to draw including Orchid Grove, North Ridge Reserve, Hartford Terrace, Forest Lake and more (SEE NEIGHBORHOOD MAPS)
• Pulte has also been approved to build on 1,590 acres at the intersection of U.S. 17 & 92 and Ernie Caldwell Boulevard, less than 5 miles from the subject site
• Surrounding retail includes 7-Eleven, Advance Auto Parts, Dunkin’, and more