Sherwin-Williams

Highlights:

• New 10-Year Lease Extension | Minimal Landlord Responsibilities
• (1) 5-Year Options with Rent Increases
• Sherwin Williams (S&P BBB) Corporate Guarantee
• Long-term Occupancy | Over 30 Years at this Site
• Value-Add Opportunity with Below Market Rents at $8.19 PSF
• Double the Normal Sherwin Williams Footprint
• No Immediate Competition in Vicinity | Nearest Commercial Paint Store is 15 Miles Away

Description:

Jonna Group at Colliers International has been selected to exclusively represent for sale the corporate Sherwin-Williams located in affluent Novi, Michigan. Sherwin-Williams is operating on a double-net lease with minimal landlord responsibilities and has approximately 4.7 years remaining of term. Sherwin-Williams has long term occupancy of over 30 years at subject site and contains below market rents at $8.19 PSF.



Novi is one of the fastest growing top 10 cities in Michigan. This property benefits from being in a dense residential and retail corridor with strong demographics and average household income of over $123,000, more than double the national average. Several retailers in the immediate vicinity include: Home Depot, Walmart, FedEx, Kroger, Sam’s Club, Kohl’s, Macy’s, TJ-Maxx, Marshall’s, Five Below, Advance Auto Parts, O’Reilly Auto Parts, Hobby Lobby, Dick’s Sporting Goods, Michael’s, and many more.