Net Lease Tenant: Sherwin-Williams

Sherwin-Williams is an attractive net lease asset for many investors who are seeking a lower price point but still want a high credit grade tenant. For investors who don’t need a true triple net lease (most Sherwin-Williams leases are double net) they are an opportunity to get a good tenant at a reasonable price. Furthermore, though their leases are usually on the shorter end (10 years) they do offer good increases – some up to 10% per option.

They are usually well located in shopping centers, mini-malls etc to be easily accessed by their customers. Sherwin-Williams parcels tend to be smaller but they are also very reusable due to their high profile locations. The smaller parcel size also means Sherwin-Williams net leases typically pay lower rent, which leads to lower price points.