SOLD – Sherwin Williams

THE ASSET

• Corporately Guaranteed by Sherwin-Williams Company (NYSE: SHW)
• Investment Grade Credit: BBB+ (S&P) / Baa2 (Moody’s)
• Long-term lease with three (3) × 5-year options, each featuring 8% rental increases
• NN structure – minimal landlord responsibilities
• New Roof in 2024 and Under Warranty
• Sherwin-Williams has operated at this location since 1990, showing Strong Historical Performance.
• Placer.ai ranks the store in the Top 13% Nationally and in Florida, reflecting Exceptional Traffic
• Tenant recently signed a 5-year renewal, Confirming Ongoing Commitment to the site

THE FUNDAMENTALS

• Exceptional Visibility and access near the corner of U.S. Hwy 1 (25,594 VPD) and W. Granada Blvd (37,694 VPD)
• Ormond Beach experiencing nearly 3% Annual Population Growth, among the strongest in Florida
• Affluent trade area with High Household Incomes and expanding consumer base
• Ormond Beach is part of the Daytona Beach MSA, a Rapidly Growing Market driven by tourism, healthcare, and strong residential development
• Benefits from year-round tourism and proximity to Daytona Beach International Airport, I-95, and coastal resort destinations