Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

922 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Sherwin Williams | New 10yr Corp NN 355 Murray Hill Rd 4,000 SF Retail Building Southern Pines, NC 28387 $4,980,370 CAD ($1,245.09 CAD/SF) 5.75% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

10 Year Lease | Investment Grade Credit (BBB) | 8% Rent Increases in Options
Across From Pine Ridge at Morganton Park, 100-Acre |Excellent Frontage | High Traffic Counts

NN Lease | Fee Simple Ownership | Zero Landlord Responsibilities
Strong Demographics In 5-Mile Trade Area

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased Sherwin Williams investment property located in Southern Pines, North Carolina. The tenant, Sherwin Williams, recently signed a brand new 10-year lease with six (5-year) options to extend, demonstrating their commitment to the site. The lease features 8% rental increases every five years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with minimal landlord responsibilities, making it an ideal, low-management investment opportunity for an investor.