La Plata, MD - Sherwin Williams & O'Reilly

Description:

• The site features brand new 2025 construction with modern build quality, low near-term capital needs, and state-of-the-art amenities
• The subject property is 100% leased to two investment grade tenants, Sherwin Williams (S&P:BBB) and O’Reilly Auto Parts (S&P: BBB)
• Sherwin Williams recently signed a brand new 10 year lease and O’Reilly Auto Parts recently signed a brand new 15 year lease, providing long term income stability and reduced near term rollover risk
• Both leases feature scheduled rental increases and are NNN in nature, providing a hedge to inflation and minimizing landlord expense exposure

• The asset is strategically located along Highway 301, an arterial thoroughfare serving the trade are that supports more than 38,000 vehicles per day
• The site benefits from nearby access to Highway 225 (12,100 VPD) and Rosewick Road (7,600 VPD)
• The asset is less than 2 miles from the College of Southern Maryland, which serves approximately 5,200 students
• Located in a dense retail corridor, the site is withing close proximity of multiple national/credit tenants such as Walmart Supercenter, Target, Lowes, Giant, Weis, Safeway, Petco, CVS, and more
• Strong tenant synergy increases consumer draw to the subject trade area and promotes crossover tenant exposure ot the site

---

Report Listing This listing was syndicated through:

Listing ID: a28TP0000027sFRYAY