14640 NORTHWEST FWY Houston TX 77040-4031

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a free standing, investment grade (S&P: BBB) Sherwin Williams property located in Houston, Texas. The tenant, Sherwin Williams Co. has nearly 10 years remaining on an original 18.5 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is a NN, limiting the landlord responsibilities to the roof and structure of the property.

The asset is located near the signalized, hard corner intersection of Northwest Freeway and Gessner Road with a combined 48,300 vehicles passing daily. Northwest Freeway is the major retail thoroughfare serving the city of Houston, which features national/credit tenants including McDonald’s, Chick-fil-A, Wingstop, Chipotle, Panera Bread, Raising Cane’s, Home Depot, Target, LA Fitness, and a Walmart Supercenter. The remainder of surrounding properties are industrial buildings serving as commerce and distribution centers such as Office Depot and an Amazon fulfillment center. Sherwin Williams benefits tremendously from its position near multiple points of ingress/egress of U.S. Highway 290, a major east-west highway averaging 220,700 vehicles passing daily. The immediate area is comprised of largely residential communities and apartment complexes, providing a direct consumer base from which to draw. The 5-mile trade area is supported by more than 292,000 residents and 190,800 employees with an average household income of $88,430.

• Corporate Guaranteed NN Lease | Options To Extend |Scheduled Increases

• U.S. Highway 290 (220,700 VPD) | Excellent Visibility & Access Signalized, Hard Corner Intersection

• Major Houston Retail Thoroughfare | National/Credit Tenants

• Strong Demographics In 5-Mile Trade Area