SVN/Stewart Commercial Group, and SVN/The Urbanek Group are pleased to exclusively market for sale a net leased Sherwin-Williams property located in downtown Berlin on the major retail thoroughfare. The location features long term stability and will be sold free and clear of debt.

This is a single-tenant retail property occupied by S&P "A" rated Sherwin-Williams. Sherwin-Williams has shown a commitment to the site by executing a 10 yr extension which expires in 2027. Minimal landlord responsibilities. Sherwin-Williams pays for taxes, insurance, utilities, and maintenance. Sherwin-Williams has occupied this space since '89 when the owner completed a gut rehab. The owner replaced the parking lot in October 2016. The roof and HVAC were replaced in 2012. Sherwin-Williams has two, 5 yr renewal options with 10% rent increases extending until 2037.

The Sherwin-Williams Company is a Fortune 500 company with Annual Revenue exceeding $10 Billion. It's Paint Stores Group segment operates over 4,000 company-operated specialty paint stores. Known for its line of high quality paints and finishes Sherwin-Williams is a global leader in the manufacture and sale of professional grade coatings and in March of 2016 announced the $9 Billion acquisition of Valspar.

PROPERTY HIGHLIGHTS

- New 10 year lease signed show commitment to the location

- S&P "A" Rated Tenant Sherwin-Williams Corporate Guarantee

- Minimal Landlord Responsibilities

- New Parking lot

- 7% Cap Rate

- NOI $44,400

- $634,285 Purchase Price

Location Description:

Single-tenant Net Leased retail property. In downtown Berlin, New Hampshire at the intersection of Glen Ave (Main St./NH 16) and Pleasant Street. Glen Avenue/Main Street/NH 16 is a major thoroughfare that stretches for over 200 miles starting at I-95 in Portsmouth, NH. Traffic counts directly in front of this Sherwin-Williams location exceed 14,000 vehicles per day. Many national retailers are located on the same drive as the subject property, including, Walmart, Verizon, NAPA Auto Parts, Citizens Bank, Family Dollar, Dunkin Donuts, Western Union, US Cellular, Save-A-Lot, Enterprise Rent-A-Car, Tractor Supply Co., Dollar Tree and Rite Aid.

Berlin is the principal city of the Berlin Micropolitan Statistical Area, which includes all of Coos County, New Hampshire and Essex County, Vermont and less than 60 miles away from Quebec. The population was 10,051 at the 2010 census. It includes the village of Cascade. Located on the edge of the White Mountains, the city's boundaries extend into the White Mountain National Forest. Berlin is home to the Moffett House, Service Credit Union Heritage Park, the Berlin Fish Hatchery, and the White Mountains Community College, a member of the Community College System of New Hampshire.

Boasting a deep water port, the Manchester-Boston Regional Airport, a rail network and three interstate highways, New Hampshire is a strategic location in the heart of New England, close to markets and clients in Boston, New York, Montreal and beyond, by way of: Interstates 89, 93, 95; Full-service local airports in Nashua, Concord, Laconia and Lebanon; charter service from Pease International Airport; international service from Boston Logan; Amtrak passenger service via the Downeaster and the Vermonter; regional freight lines; and public transportation in larger cities. New Hampshire is the northern New England hub for UPS and FedEx.

The New Hampshire Advantage, includes such things as its lack of an income tax and sales tax. Also part of the advantage is its high standard of living, quality of education and geographic location. Besides the above-mentioned incentives for locating your business in the Granite State, there are a number of other potential N.H.-based financial incentives. New Hampshire's low taxes and high income levels motivate entrepreneurs to start and grow new businesses here in the Granite State. Companies and manufacturers operating in New Hampshire also have access to the many services offered by the Division of Economic Development, including:

Business and technical assistance for manufacturers; Grant assistance for recruiting and training employees; Subsidized technical assistance from the University of New Hampshire and Dartmouth College; Technical assistance to New Hampshire companies interested in procuring federal and state contracts; Permit assistance; Customized reports and personal tours of available industrial and office real estate; Prompt responses to questions related to state government; Site selection; Assistance with employee retention/layoff aversion.

The N.H. Community Development Finance Authority, also offers a tax credit program that provides "New Hampshire businesses the unique opportunity to invest and target their tax dollars to community development projects throughout the state in exchange for a 75 percent State Tax Credit through the Tax Credit Program. This program enables businesses to invest cash, securities or property to fund economic or community development projects in exchange for this 75 percent tax credit, which can be applied against any or all three of the business profits, business enterprise or insurance premium taxes.

The N.H. Job Training Fund is a matching grant program available to both for-profit and nonprofit entities. Companies can be awarded a cash match that ranges from $750 up to $100,000 for skills-enhancement training. That can include just about any training that increases the skill set of your employees including computer training, technical training, leadership and management skills training and lean manufacturing to name a few.

Highlights:

>> New 10 year lease signed show commitment to the location

>> S&P "A" Rated Tenant Sherwin-Williams Corporate Guarantee

>> Minimal Landlord Responsibilities

>> New Parking lot | Roof, HVAC & Boiler are less than 5 years old

>> 7% Cap Rate

>> NOI $44,400

>> $634,285 Purchase Price

* Email for additional photos

Sales Info:

>> Commision split: 3.0%