St. Johns, 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 at the beginning of each option period, growing NOI and hedging against inflation
• 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

• The subject property is located along Longleaf Pine Pkwy which averages 10,200 vehicles passing by daily
• The site is in close proximity to multiple national/credit tenants including Publix, Wendy’s, Mavis, Dunkin’, Jersey Mike’s and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• Located directly across from Bartram Trail High School (2,146 students), further increasing consumer traffic to the trade area