TBD Hwy 59
Robertsdale, AL 36567
Sherwin Williams | Mobile MSA · Commerce de détail Propriété À vendre

10-YEAR CORPORATE LEASE TO INVESTMENT-GRADE CREDIT TENANT (S&P: BBB)
• Sherwin Williams signed a new 10 year corporate guaranteed lease with 8% rent increases in each of the six, 5 year option periods.
• There are limited Landlord Responsibilities which include roof, structure, parking lot replacement, and HVAC replacement. The
Landlord will also reimburse the tenant for any HVAC repairs over $1,000.
• The tenant is responsible for Taxes, Insurance, Utilities, HVAC repairs Less than $1,000 and non-capital parking lot repairs (including but not limited to seal coating, striping of lanes, landscaping, trash & debris pick up)
• This store is currently under construction and rent will commence in December 2025.
• Founded in 1866, the Sherwin Williams Company is a global leader in the manufacture, development, distribution and sale of paint, coatings and related products.
• Sherwin Williams branded products are sold exclusively through a chain of more than 5,400 company operated stores.
• Sherwin Williams has an IG credit rating of BBB and their 2024 sales increased 11.1% to a record $22.15 billion.
LOCATED ON HWY 59 (24,910 VPD) | GATEWAY TO THE GULF COAST
• The subject property is located on Highway 59 (24,910 VPD) which provides direct access to the Gulf Coast.
• This Sherwin Williams is also near Interstate 10 (55,833 VPD) and will benefit from visitors commuting to the Gulf Coast. Interstate 10 connects Mobile and North Florida to Coastal Alabama.
• The AL Gulf Coast is home to multiple popular beaches including Orange Beach which attracts over 8 million tourists annually spending over $7 Billion.
• Baldwin County is the fastest growing county in Alabama. The Gulf Shores population alone is expected to grow 27.1% from 2020 to 2025.
ADJACENT TO WALMART SUPERCENTER & NEW DEVELOPMENT PROJECTS
• This Sherwin is adjacent to a Walmart Supercenter that attracts over 2 million customers each year.
• There are three newly constructed Walmart outparcels including Zaxby’s, T-Mobile, a Car Wash, and an Immediate Care.
• Additional new development next to this Sherwin Williams include, a Wawa C-store, a Taco Bell, Mavis Tire, and a 97 home subdivision that is currently under construction on the 40 acres behind Walmart.
• Other national retailers in Robertsdale include Tractor Supply, Walgreens, AutoZone, Express Oil Change and more.
GROWING COASTAL AL MARKET IN THE MOBILE MSA | 2ND MOST POPULOUS CITY IN AL
• Robertsdale is located 30 minutes southeast of downtown Mobile and 10 minutes north of Foley, AL.
• Robertsdale is one of the fastest growing cities in the county. According to the Baldwin County Economic Development Alliance, since 2000, the county’s population has grown by more than 88%
• The 5 mile population growth is 7.81% and the average household income is $77,764
• Foley is a growing town with multiple new retail developments including Publix, Firestone, Chipotle, and more.
• Mobile is the 2nd most populous city in AL with over 205,000 residents.
• The Port of Mobile is the 12th largest port in the US, handling an excess of 55 million tons of cargo annually and generates 313,000 jobs per year.
• Mobile Aeroplex at Brookley is the largest industrial transportation complex in the region with approximately 70 companies and 3,600 employees.