Property Highlights
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Sherwin Williams | Goodlettsville, TN. The Premises is leased to corporate Sherwin-Williams for an initial 10-year term with multiple option periods, which historically Sherwin-Williams has executed time and time again and has stayed at locations for 35+ years. This specific asset is positioned on a major throughfare in a top-growth market in the US (Nashville, TN).
- Corporate Lease with Fortune 500 Company
- Sherwin Williams has over 4,900 locations and employs over 61K people | Market cap of $63.89B (NYSE: SHW) | 2022 EOY sales increased to 11.1% to a record $22.15B
- Located on Retail Corridor
- Over 988K SF of retail space located in a 1 -mile radius | 11.3K SF of retail space is currently under construction | The vacancy rate is around 0.4% | Nearby National Retailer Include: Starbucks, Hardee’s, and Krystal
- High Growth Nashville MSA
- Nashville MSA was ranked #1 In PWC’s annual US Real Estate Markets to Watch in 2024 | Approximately 98 people move to Nashville a day
- Strong Market for Tenant’s Need
- Nashville ranked 3rd in large metros building the most homes (construction coverage) | ~28K home building permits authorized in 2022 | 32.8 permits authorized per 1K homes
- Accessible and Visible Location
- Property fronts N. Main St (21k VPD) | Approximately 0.75 miles to I-65 (99k VPD) | Over 580 apartments are located within 1-mile of the site
- 10-Year Build-to-Suit
- New construction built with Sherwin’s newest store layout | 10 year lease signed with Sherwin Corporate provides stable income throughout the entire term