Tenant: Sherwin Williams Premises: 4,500 SF Renewal Options: 3 x 5 Years
Lease Expiration: 12/31/2028 Lease Type: NN Rental Increases: 12% At Options
11 Year Double Net (NN) Lease with Minimal Landlord Responsibilities
Brand New Construction – December 1, 2017
12% Rent Increases with 3 x 5 Year Options to Renew
20 Year Roof Warranty
Corporate Guaranty from Investment Grade Tenant
Sherwin Williams is the Largest Paint Store Tenant in the U.S and has an Extremely Strong Credit – Standard & Poor’s “BBB” Rating
Passive Investment Ideal for Out-of-State Investors
Very Limited Competition in Immediate Area with 5,307 VPD at Intersection of Main Street and Biscay Road
Damariscotta is a Popular Tourist Resort Destination in the Peninsula Region of Maine and the Gateway to the Pemaquid Point Lighthouse
Located 1 Mile from Downtown – A Vibrant Mix of Unique Shops, Community Services, Restaurants, Lincoln Theatre and Artists’ Galleries
Neighboring Businesses Include: Central Lincoln YMCA, Hammond Lumber, McDonald’s, Subway, Hannaford Supermarket, Rite Aid and Round Top Ice Cream
In Cooperation with Venture Retail Partners – BoR: Trevor McNiven – Lic # DB917887
Sherwin-Williams Company is an American Fortune 500 company in the general building materials industry.
The company primarily engages in the manufacture, distribution, and sale of paints, coatings and related products to professional, industrial, commercial, and retail customers primarily in North and South America and Europe. The company is mostly known through its Sherwin-Williams Paints line.
The Paint Stores Segment, known as Sherwin-Williams Paints, was the first section of the company to be established, in 1866. These stores market and sell Sherwin-Williams branded architectural paints and coatings, industrial and marine products, and original equipment manufacturer product finishes and similar items. As of January 1, 2011, the Paint Stores segment operated 4,339 individual paint stores. Sherwin-Williams is the parent company of other brands such as Duron, M.A.B. Paints, Minwax, Krylon, Mautz Paint Co., Purdy, Bestt Liebco, Thompson's WaterSeal, H&C, Pratt & Lambert, Martin Senour, Dutch Boy, Easy Living, Weatherbeater.