Property Highlights

Clear Business Plan: Rollover Opportunity with Real Upside – This investment is positioned as a lease event deal—with a clear, understandable path to improving value:

Secure an extension or option exercise
Re-price closer to market on renewal (or structure a stepped increase)
Maintain a strong tenant at attractive rent-to-sales economics

National Credit Retailer with Durable Demand – Sherwin-Williams is a category leader with strong brand equity and a contractor-driven model. Paint/coatings tend to perform through cycles due to ongoing maintenance and repair demand, not purely discretionary spending.
Below-Market Rent Supports Retention + Renewal Probability – At approximately $1.71 PSF/month, the tenant benefits from meaningfully favorable occupancy cost relative to today’s Southwest Las Vegas retail market. Below-market rent is a major driver of retention, particularly for infill locations that support contractor convenience and fast service.
Prime Infill Southwest Las Vegas Location (Spring Valley) – Spring Valley is a large, built-out submarket with consistent retail demand, strong household density, and limited infill supply. The W Flamingo corridor provides strong visibility and access across the Southwest Valley.
Clear Business Plan: Rollover Opportunity with Real Upside – This investment is positioned as a lease event deal—with a clear, understandable path to improving value:
- Secure an extension or option exercise
- Re-price closer to market on renewal (or structure a stepped increase)
- Maintain a strong tenant at attractive rent-to-sales economics
- National Credit Retailer with Durable Demand – Sherwin-Williams is a category leader with strong brand equity and a contractor-driven model. Paint/coatings tend to perform through cycles due to ongoing maintenance and repair demand, not purely discretionary spending.
- Below-Market Rent Supports Retention + Renewal Probability – At approximately $1.71 PSF/month, the tenant benefits from meaningfully favorable occupancy cost relative to today’s Southwest Las Vegas retail market. Below-market rent is a major driver of retention, particularly for infill locations that support contractor convenience and fast service.
- Prime Infill Southwest Las Vegas Location (Spring Valley) – Spring Valley is a large, built-out submarket with consistent retail demand, strong household density, and limited infill supply. The W Flamingo corridor provides strong visibility and access across the Southwest Valley.
- Clear Business Plan: Rollover Opportunity with Real Upside – This investment is positioned as a lease event deal—with a clear, understandable path to improving value:
  - Secure an extension or option exercise
  - Re-price closer to market on renewal (or structure a stepped increase)
  - Maintain a strong tenant at attractive rent-to-sales economics
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- Built-to-Suit Real Estate (1999) with Functional Utility – Sherwin locations are operationally specific (parking, access, visibility). A built-to-suit configuration in a dense trade area typically supports continued use and offers practical re-tenanting flexibility for service retail (subject to layout and zoning).
- Modified NNN Lease Structure – The lease is structured as modified triple net, providing expense pass-through characteristics while maintaining investor visibility into major obligations (to be confirmed in lease abstract). This is attractive to buyers who want net lease benefits without full absolute NNN pricing.
- Las Vegas Market Tailwinds – Las Vegas continues to benefit from long-term population growth drivers, employment diversification, and sustained residential development patterns in the Southwest Valley, supporting tenant sales and long-term retail demand.