Sherwin Williams- Cornelius, NC

Affluent Charlotte Submarket – Positioned in the Lake Norman corridor near Birkdale Village, with ~$140,000 average household incomes and a heavy concentration of multi-million-dollar homes driving consumer spending.
Proven Commitment – Sherwin Williams has operated at this location already for 17 years and most recently renewed an option, leaving just under 5 years remaining on the lease.
Irreplaceably Low Rent – Rent sits ~75% below new-build levels and well below replacement cost. In a $20–$25/SF Cornelius leasing market with limited vacancy, this low-cost lease strongly supports occupancy retention and continued renewal probabilities.
Blue-Chip, Investment-Grade Credit – Sherwin-Williams carries investment-grade ratings (S&P BBB, Moody’s Baa2, Fitch BBB+), providing institutional-quality credit behind the income stream.
Global Category Leader – Sherwin-Williams is the world’s largest coatings company with record $23.1B in 2024 net sales and a chain of 5,000+ company-operated stores and facilities.
Top Ranked MSA – Charlotte ranks #3 Best Real Estate Market among large U.S. cities (WalletHub), with retail vacancy below 2.8% and some of the fastest rent growth nationwide. Driven by its banking dominance—home to multiple major HQs—and ranking among the top U.S. cities for in-migration (per PODS), demand fundamentals remain exceptionally strong.

Navigation Menu