Corporate Guaranteed Lease – Lease guaranteed by the Sherwin-Williams Company, a publicly traded company under the ticker SHW on the NYSE.
Embedded Rent-Growth – Exercised the first of Four, 5-Year options with 10% increases on every option, allowing for substantial NOI growth.
Original 10-Year Lease Term with Exercised Option – Indicates Sherwin-Williams’ dedication to the site and proves their success in the Fort Myers market.
Located Off Colonial Blvd – Busiest Thoroughfare through Fort Myers – Strategically positioned near I-75 with approximately 93,000+ VPD and off of Colonial Blvd which sees 81,000+ VPD, showcasing the strength of the real estate fundamentals along the thoroughfare.
Located within The Forum – The Forum is a newly developed 706-acre mixed-use development that combines retail, office, residential, hospitality, and medical uses creating a diversified and established destination.
The Forum sees over 450,000 visitors monthly and over 5 million visitors annually.
Growing and Upcaming Market – Part of the rapidly growing Cape Coral-Fort Myers MSA, one of Florida’s major population growth markets, supporting continued demand through the trade area.
2030 Projected Population/Household Growth: 11%
Premier Retail Corridor – The property is surrounded by nationally recognized retailer like Walmart, Target, Publix, Home Depot, Walgreens, Starbucks, Chick-fil-a and more.