Single Tenant Sherwin-Williams

Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to Sherwin-Williams, (the “Property”) in York, Pennsylvania, the county seat of York County. Sherwin-Williams operates on a fee simple double net (NN) lease with 10 years of term remaining. Sherwin-Williams has been occupying this location for 30 years, creating an identity within the community and recently extended their lease early for an additional 5 years. The property sits along Memory Lane (16,500 VPD) in York, where it benefits from high visibility to local traffic. Access to the property is available from both Memory Lane (16,500 VPD) and E Market Street (25,100 VPD). Sherwin-Williams sits conveniently under 1 mile from Interstate 83, a major highway connecting Harrisburg and Baltimore and boasts 66,900 VPD. The area surrounding the property exhibits excellent demographics while also serving as a retail hub for some of the top performing retailers in the country within their respective chains. The 5-mile area surrounding Sherwin-Williams boasts a population of 145,000 and nearly 57,000 households. The average household income within the 1-mile area surrounding the property sits at $103,000. The immediate retail corridor along E Market Street is extremely strong, exemplified by Placer.ai rankings for select big boxes such as Walmart Supercenter which ranks in the top 97th percentile in Pennsylvania and in the top 96th percentile in United States, GIANT Food Store which ranks in the top 80th percentile in the U.S. and Lowe’s Home Improvement which ranks in the top 76th percentile in the United States (Placer.ai). The Sherwin-Williams Company (NYSE: SHW) is a global leader in the manufacturing, development, distribution, and sale of paints, coatings and related products holding an investment grade credit rating of BBB (S&P). With a footprint that spans over 120 countries and over 5,000 stores, The Sherwin-Williams Company reported consolidated net sales of $6.16 billion, up $458 million from the previous year’s third quarter in 2024. Sherwin-Williams has proven to be a recession proof tenant as paint and coatings are essential for both residential and commercial maintenance. The company has shown its ability to adapt to changing market conditions by focusing on operational efficiency, expanding its product offerings, and entering new markets.