Investment Opportunity - Sherwin Williams
Secure Tenancy: Recently extended 10-year corporate NN lease with Sherwin-Williams (S&P BBB+), approx. 7 years remaining.
Attractive Returns: Generates $79,120 NOI with a 6.5% cap rate, priced at $1.20M.
Built-In Growth: 8% rent increases every 5 years, plus five 5-year renewal options for long-term stability.
Prime Retail Corridor: Located along Mocksville’s main retail artery with direct access to US Highway 601.
Strong Retail Synergy: Positioned near Walmart, Lowe’s, and Dollar Tree, key national traffic drivers.
Demographic Strength: Area household incomes exceed $85,000, supporting consistent retail demand.
Location
1743 US-601, Mocksville, NC
More Details
Asset & Lease Type
Guarantor
NOI
Cap Rate
Area
Lot Size
Year Built
Lease
Renewal Options
Rent Increases
LL Responsibilities
Retail (NN)
Sherwin-Williams - Corporate (S&P: BBB+)
$79,120 (15.82/sf)
6.50%
5,000
33,976.8
TBC
3/2032
5 options, 5 years each
8% every 5 yrs
Taxes, Insurance, Opex
Notes
Strong guarantor with S&P:BBB+ Credit Rating.
Household Income in the area exceeds $85,000.
Strong corner lot with great visibility
Walmart, Lowe's & Dollar Tree, among other national retailers in the area