Sherwin-Williams TENANT OVERVIEW
Pros
- Investment grade tenant
- Corporate guaranty
- Low price point
Cons
- Short-term leases
- Some NN leases holds landlord responsible for roof and structure
Earnings Highlights
- Consolidated net sales for the year increased 17.0% to a record $17.53 B
- Net sales from stores in U.S. and Canada open more than twelve calendar months increased 5.1% in the year
- Full year net operating cash increased $151.2 M to a record $2.04 B
Tenant Description
Sherwin-Williams is best known as retailer of paints and primers.
Sherwin-Williams is an attractive net lease asset for many investors who are seeking a lower price point but still want a high credit grade tenant.
The Sherwin-Williams Company, founded by Henry Sherwin and Edward Williams in 1866. Today, the company is engaged in the development, manufacture, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers primarily in North and South America with additional operations in the Caribbean region, Europe and Asia.
The Company manufactures products under well-known brands such as Sherwin-Williams®, Dutch Boy®, Krylon®, Minwax®, Thompson's® Water Seal® and many more. With global headquarters in Cleveland, Ohio, Sherwin-Williams® branded products are sold exclusively through over 4,696 paint stores.
| Average Sale Price | $1,843,064 |
| NOI | $113,717 |
| $/Square Foot | $325 - $500 |
| Building SF | 4,000 - 6,000 |
| Lot Size | 0.5 - 1.0 Acres |
| Lease Term | 10 Years |
| Escalations | 8-12% in Options |
| Stock Symbol | SHW |
| North Las Vegas, NV | 5.07% |
| Haines City, FL | 6.74% |
| Brunswick, OH | 6.89% |
