2707 Plainfield RdJoliet, IL 60435
Sherwin Williams Joliet IL
Asset ClassRetail
New Construction Sherwin Williams | New 10-Year Lease
Overview
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Sherwin-Williams positioned within the Chicago MSA in Joliet, Illinois. The asset was constructed in 2023 for Sherwin-Williams as an outparcel to a Target-anchored shopping center. The asset features a 10-year lease that commenced in April 2023. The subject lease has 10% rental escalations every five years throughout the primary term and three 5-year options. Sherwin-Williams is an investment grade rated tenant with a Standard and Poor’s rating of BBB.
Investment Highlights
- Positioned within the Chicago MSA – Ranked #3 in the United States for population size
- Investment grade tenant (S&P: BBB)
- New build-to-suit construction in 2023
- 10-year lease with 10% rent increases every 5 years
- Affluent demos - $103,924 average household income within 5 miles
- Located along Plainfield Road (33,100 VPD)
- 196,494 people live within a 5-mile radius
- Proximity to Interstate 55 (87,000 VPD)
- Outparcel within Joliet Commons (Target, Ross, PetSmart, JOANN, Five Below, Ulta Beauty, Chick-Fil-A, & McDonald’s)Dense retail corridor surrounding Louis Joliet Mall
- Other neighboring tenants include The Home Depot, Best Buy, Dick’s Sporting Goods, Costco, ALDI, Bob’s Discount Fur- niture, Michaels, Starbucks, Texas Roadhouse, & Raising Cane’s
2707 Plainfield RdJoliet, IL 60435
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Listing provided by Revere CRE