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Sherwin-Williams, Moody, AL

Sherwin-Williams

Moody, AL

Price $2,096,000
Cap Rate 5.25%
NOI $110,000
Lease Term 10 Years
Lease Type Net, with Tenant Responsible for Taxes, Insurance, Utilities, and Maintenance of the Interior of the Building
Rental Increases 8% Rental Increases in Option Periods
Year Built 2020
Building Size 4,000 SF
Lot Size 0.97 Acres (42,253 SF)
Status Available
Lead Broker Information Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

NEW 10-YEAR NET LEASE TO INVESTMENT GRADE TENANT
» 10-year lease to strong and growing corporate tenant
» Scheduled rental increases, providing a hedge against inflation
» Minimal landlord management, ideal for an out-of-area investor
» Sherwin-Williams (NYSE: “SHW”) is rated “BBB” by Standard & Poor’s
» 2020 upgraded construction built to latest Sherwin-Williams prototype (masonry building)

EASILY ACCESSIBLE LOCATION IN POPULOUS, AFFLUENT, AND GROWING AREA
» Located along U.S. Route 411/Moody Parkway, a primary retail corridor traversing the entirety of Moody (36,890 AADT)
» Immediate access and visibility from Interstate 20 (65,820 AADT), significantly increasing traffic to the site
» 290,441 residents with an average annual household income of $85,357 within a 15-mile radius of the property, providing a large and affluent customer base for the property
» Projected 14 percent AHI increase within five miles of the site in the next five years, poising Sherwin-Williams and Moody for significant concurrent growth
» Future job growth in Moody is projected to be 34 percent, above the national average

CENTRAL LOCATION NEAR LARGE RETAILERS, EMPLOYERS, AND COMMUNITY HUBS
» Adjacent to the Village at Moody Shopping Center, featuring retailers such as Publix, Dollar Tree, Regional Finance, Verizon, Subway, and more
» Surrounded by several other strong national retailers, including Walmart Supercenter, Burger King, Zaxby’s, Wendy’s, Arby’s, Cracker Barrel, Pizza Hut, and many more, promoting crossover shopping to the location
» Within five miles of five schools with a combined enrollment of 3,509 students
» Located between Talladega National Forest and Bankhead National Forest, attracting outdoor recreationists to the area
» 20-minute drive from Birmingham, the most populous city in Alabama, increasing regional commuter traffic to the location



Property Description

The property has an easily accessible location along U.S. Route 411/Moody Parkway, with visibility and access to 36,890 vehicles per day directly in front of the location. Traffic to the site is increased by nearby Interstate 20, which experiences a high traffic count of 65,820 AADT. The site benefits from its location in a populous and affluent area, with 290,441 residents and an average annual household income of $85,357 living within a 15-mile radius of the location. The property is primed to grow along with the surrounding area, with a projected 14 percent average annual household income increase within five miles of the site in the next five years. Future job growth in Moody is also projected to be 34 percent, above the national average.

The property has a central location between large employers, retailers, and community hubs. The site is across the street from the Village at Moody Shopping Center, featuring retailers such as Publix, Dollar Tree, Regional Finance, Verizon, Subway, and more. The location is also surrounded by several other strong national retailers, including Walmart Supercenter, Burger King, Zaxby’s, Wendy’s, Arby’s, Cracker Barrel, Pizza Hut, and many more, promoting crossover shopping to the site. Traffic to the location is increased by its proximity within five miles of five schools with a combined enrollment of 3,509 students. The property is also located 20 minutes from Birmingham, the most populous city in Alabama, and maintains a beneficial proximity to Talladega National Forest and Bankhead National Forest, attracting outdoor recreationists to the area.

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