205 Royal Dr
Madison, AL 35758

Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in a new-construction Sherwin-Williams located in Madison (Huntsville MSA), Madison County, AL (the "Property"). US-based Sherwin-Williams (S&P: BBB+) is the world’s most valuable and dominant paints brand with a market cap of approximately $82 Billion and revenues over $22 Billion.
Sherwin-Williams signed a ten (10) year net lease plus six 5-year options, and each option has an 8% rent increase. This location is one of the new 13,200 SF prototype Commercial Paint locations.. The building will have approximately 2,000 SF of sales floor, 1,000 SF of office space and 10,000 SF of warehouse space.
Sherwin-Williams chose this location due to its regional access and close proximity to Interstate 565, just 2 miles away with over 109,000 cars per day. Additionally, Interstate 65 is approximately 10 miles to the west and runs north and south through Alabama connecting to Tennessee, which is just 30 miles to the north. Huntsville International Airport is just 3 miles to the south of the Property as well. Within a 5-mile radius, there are more than 30,000 Households with an average HH Income of $148,026 and a Population exceeding 79,000 People.
This location is in the heart of the industrial region of Madison. Within 2 miles, there is 8M SF of industrial space with a 2.4% vacancy. There is also 1.2M SF of retail with a 1.8% vacancy and 1.4M SF of office with a 5.5% vacancy. Notable retail tenants nearby include Walmart, CarMax, Tiny Towne, and At Home.