Sherwin-Williams

Lowest
Cap Rate

4.17%

Lowest cap rate over past 24 months

Average
Cap Rate

5.36%

12 mo avg with 5+ yr lease term

Overview

When looking into the home improvement and paint industry, Sherwin-Williams has been a steady and high demand net leasing investment opportunity. Strong credit backing with low pricing tends to create positive forecasts when compared against market competition.

Average Property & Lease

Average Sale Price	$885,000 - $4,100,000
Average NOI	$120,000 - $224,00
Building SF	5,000
Lease Term	10 Years
Escalations	10% in Options
Stock Symbol	NYSE:SHW

CREDIT RATING

S&P	A
Moody's	Baa2

TENANT DESCRIPTION

Based in Cleveland, OH, the historic Sherwin-Williams Company originated back in 1886 with Henry Sherwin and Edward Williams. Manufacturing a variety of high quality retail and home improvement products under multiple brands, their main brand is offered solely in over 3,800 paint store locations in the United States. Other familiar names include Thompson’s®, Krylon®, Dutch Boy®, and others.

Currently, Sherwin-Williams operates internationally with a major focus in North and South America, serving both residential and commercial with a wide assortment of painting and sealant products. They continue to pursue manufacturing, distributing, and developing their core product lines.

Founded	1866
Headquarters	Cleveland, Ohio
Number of Locations	4,859
Revenue	$19.94 B
Company Website	https://www.sherwin-williams.com
Key Principal	Heidi G. Petz