FOR SALE Property Highlights Corporate guarantee - 10 NN year lease to Sherwin WilliamsExpires January 31, 2028 Recent capital improvements: 2016 replacement of parking lot, outdoor light fixtures (to LED), 2018-A $100,000 sprinkler system is scheduled to be installed Limited landlord responsibilities: Tenant pays for taxes, insurance and most maintenance Single tenant free standing building Corner location near interchange of I-71 and Route 303 Split faced block construction.96 acre corner lot Built in 2001 Versatile building that can adapt to different users with 18 clears High visibility/great access location GerspacherGroup.com Financials FOR SALE: - $1,942,909 Net Operating Income - $106,860 (A 9% Increase in Year 4) Cap Rate - 5.5% LISTING AGENT TROY GERSPACHER, CCIM, SIOR Troy@GerspacherGroup.com 330.722.5002 GERSPACHER REAL ESTATE GROUP 5164 Normandy Park Drive, Suite 285 Medina, OH 44256 P: (330) 722-5002 F: (330) 723-6330
FOR SALE SHERWIN WILLIAMS The Sherwin Williams Company (Sherwin- Williams), incorporated on July 16, 1884, is engaged in the development, manufacture, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers primarily in North and South America with additional operations in the Caribbean region, Europe and Asia. The Company s segments are paint stores group, consumer group, global finishes group, Latin America coating group and administrative. As of December 31, 2016, the paint stores group consisted of 4,180 company-operated specialty paint stores in the United States, Canada, Puerto Rico, Virgin Islands, Grenada, Trinidad and Tobago, St. Marten, Jamaica, Curacao, Aruba, St. Lucia and Barbados. Each store in this segment is engaged in the related business activity of selling paint, coatings and related products to end use customers. The paint stores group markets and sells Sherwin-Williams branded architectural and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items. These products are produced by manufacturing facilities in the consumer group. In addition, each store sells select purchased associated products. It s trademarks and trade names include ProMar, SuperPaint, A-100, Duron, MAB, PrepRite, Duration Home, Harmony, ProClassic, Woodscapes, SuperDeck, Cashmere, HGTV Home by Sherwin-Williams, Emerald, Duracraft, Solo, ProIndustrial, ProPark, Frazee Parker Paints, Kwai, Color Wheel, General Paint and Paint Shield. The subject in Brunswick is a commercial store, which focuses on professional customers and contractors. The other store in the City of Brunswick focuses on the do it yourself consumer. Daily Traffic Count of 24,170 DEMOGRAPHICS 3 Miles 5 Miles 7 Miles Population 36,404 78,870 133,470 Number of Households 13,748 29,414 52,865 $83,454 $94,391 $94,079 Annual Income
FOR SALE CITY OF BRUNSWICK Brunswick is the largest city in Medina County with a city population of 34,756. Brunswick is located close to Cleveland and Akron via I-71, 20 minutes from Cleveland Hopkins International Airport, and only 10 minutes from the Ohio Turnpike. New economic incentives have attracted over $95 million in new business and residential investments in the past two years, and another $200 million is planned in the next two years. For the past five years, the State of Ohio rated Brunswick City School District Excellence with Distinction. This is their highest rating. Brunswick is home to world class medical facilities like The Cleveland Clinic and Southwest General Health Center, plus Medina Hospital and MetroHealth. Digestive Disease Consultants and several new and expanded projects continue along the two main corridors.
FOR SALE Floor Plan
FOR SALE Site Plan
FOR SALE Confidentiality Agreement The Undersigned, in consideration of the Owner for Jean D. Matteo Trust with property located at 2872 Center Road, Brunswick, Ohio providing certain trade secrets, financial and tax documents and records listed below for the purpose of determining whether or not the Undersigned will purchase or lease said business and or real estate, agrees to the following: The undersigned shall not disclose any of the information contained in these documents and records to any one other than undersigned s lender and or accountant and then only to the extent that such knowledge is essential for that purpose, and shall not copy or use any of the information except for purposes of performing its obligations under this Agreement. The undersigned shall use its best efforts to ensure that its employees, partners, investors and professional advisors do not disclose the Owner s trade secrets, financial, tax or other information disclosed herein under any circumstances or use them to the disadvantage of the Owner. The Undersigned s obligations hereunder, with respect to any trade secrets, financial, tax or other information listed below, shall cease when the Undersigned acquires or leases the business and/or real estate or when the information, through no fault of the Undersigned, becomes a part of the public domain through publication or otherwise. If the Undersigned does not complete a purchase or lease, all documents and information shall be immediately returned to the Owner or its agent. Information to be disclosed: Lease Agreements between tenants and Building owners, if any. In witness whereof the Undersigned set their hands this day of 2018. Undersigned: Signature Name: