Single Tenant Sherwin-Williams

Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to Sherwin-Williams, (the “Property”) strategically positioned in Charlotte, North Carolina, the state’s largest city and the economic hub of Mecklenburg County. Sherwin Williams was recently built in 2022 and has over 7 years of term remaining on their original 10-year lease. The property sits just ¼ mile from Interstate 485, a major loop around the city carrying 103,000 vehicles per day (VPD), providing exceptional accessibility and visibility that drives consistent traffic to the area. The surrounding trade area is both affluent and rapidly growing, supporting strong consumer spending and tenant performance. Average household incomes reach $139,000 within 3 miles, $126,000 within 5 miles, and $122,000 within 1 mile. Within a 5-mile radius, the population has surged to more than 171,000 residents and 68,000 households, reflecting growth of 14.7% and 17.1%, respectively, since 2020, with projections showing continued expansion through 2030. Further enhancing long-term demand, the area is experiencing a wave of multifamily development, including more than 1,200 new units delivering by year-end and an additional 800+ units expected by mid-2026, significantly expanding the local consumer base. The property benefits from its position within a dominant retail corridor anchored by some of the market’s top-performing retailers, as verified by Placer.ai data. Concord Mills ranks as the #1 super-regional mall in North Carolina and in the top 92nd percentile nationwide, while Lowe’s Home Improvement also ranks in the top 92nd percentile across the United States. ALDI performs in the top 91st percentile within North Carolina and 81st percentile nationally, and Publix ranks in the top 81st percentile within the state. This concentration of strong operators underscores the strength of the corridor and supports long-term tenant performance. The Sherwin-Williams Company (NYSE: SHW) is a global leader in the manufacturing, development, distribution, and sale of paints, coatings and related products holding an investment grade credit rating of BBB (S&P). With a footprint that spans over 120 countries and over 5,400 stores, In Q2 2025, The Sherwin-Williams Company reported consolidated net sales of $6.31 billion, up $43 million from the previous year’s second quarter.