Single Tenant Sherwin-Williams
Mashpee, MA
The Opportunity
- Price: $2,583,000
- Cap Rate: 6.00%
- NOI: $155,000
- Lease Type: Fee Simple: NN
- Building Size: 4,000 SF
- Parcel Size: 1.17 Acres
- Year Built: 2022
- Tenant: The Sherwin-Williams Company
- Remaining Lease Term: 8+ Years
- Options: Three (3), Five (5) Year Options
- Rental Increases: 10% In Nov. 2028 & In Options
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 Mashpee, Massachusetts, a highly coveted location within Cape Cod. Built in 2022, the Property features prominent frontage along Nathan Ellis Highway with exposure to 21,600 vehicles per day. This prime positioning maximizes brand visibility, drives consistent customer traffic, and supports strong long-term tenant performance. The Sherwin-Williams lease provides more than eight years of remaining term, including 10% rental increases at the start of year 7 and at the beginning of each five (5) year option period. These built-in escalations offer predictable income growth and enhanced long-term returns for investors. Located within Cape Cod’s most affluent trade area, the Mashpee property is surrounded by strong household incomes averaging $133,000 within 5 miles, $124,000 within 3 miles, and $113,000 within 1 mile. This affluent customer base fuels robust consumer spending and supports tenant success. The surrounding community has also experienced steady population and household growth, with projections showing continued expansion through 2030, further reinforcing long-term retail demand. Adding to the corridor’s strength, the nearby Stop & Shop along Nathan Ellis Highway ranks in the top 82nd percentile in Massachusetts and the top 76th percentile nationally, according to Placer.ai. This high-performing retailer generates consistent traffic and enhances the viability of the subject property. 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 5,400 stores, In Q2 2025, The Sherwin-Williams Company reported consolidated net sales of $6.31 billion, up $43 million from the previous year’s second quarter.
Investment Highlights:
Tenant
Sherwin-Williams
Ownership: PUBLIC (NYSE: SHW)
Credit Rating: BBB (S&P)
Headquarters: CLEVELAND, OH
# of Locations: 5,400+
Founded in 1866, The Sherwin-Williams Company is a global leader in the manufacturing, development, distribution, and sale of paints, coatings and related products to professional, industrial, commercial, and retail customers. Headquartered in Cleveland, Ohio, Sherwin-Williams delivers the best in paint and coatings products to the world. With over 64,000 employees, Sherwin-Williams has one of the industry’s most recognized portfolios of branded and private-label products. The Company’s Sherwin-Williams® branded products are sold exclusively through a chain of more than 5,400 company operated stores and facilities in the United States, Canada, the Caribbean and Latin America. Sherwin-Williams also has over 140 manufacturing and distribution facilities and a footprint that spans over 120 countries. The company is broken into three segments: Paint Stores Group, Performance Coatings Group, and Consumer Brands Group. As of Q2 2025, Sherwin-Williams reported consolidated net sales of $6.31 billion, up $43 million from the previous year’s second quarter, primarily due to higher sales in the Paint Stores Group.
