Investment Highlights

NEW 10-YEAR NET LEASE TO INVESTMENT-GRADE TENANT
» 10-year net lease to strong and growing corporate tenant
» Scheduled rental increases in option periods, providing a hedge against inflation
» Sherwin-Williams (NYSE: “SHW”) is rated “BBB” by Standard & Poor’s
» New 2023 construction built to latest Sherwin-Williams prototype with upgraded construction
» Texas has no state income tax

ACROSS FROM FUTURE 95-ACRE MIXED-USE DEVELOPMENT WITH ACCESS TO OVER 56K DAILY VEHICLES
» Convenient hard-corner location with excellent visibility along State Loop 212 and beneficial proximity to U.S. Highway 290 (46,087 AADT) signalized intersection
» Adjacent to a Walmart Supercenter and Dairy Queen with nearby notable tenants such as AutoZone Auto Parts, Whataburger, Starbucks, McDonald’s, Pizza Hut, and more promoting crossover traffic
» Across the street from the future Manor Crossing mixed-use development, with 600+ multi-family units and 450,000+ SF commercial space including an H-E-B
» Walking distance to Prose Manor (306 units), The Grassdale at Manor Apartments (320 units), and Commons at Manor 55+ Apartments (172 units)
» 3.5 miles from Crossroads Logistics Center (1.6M+ SF industrial space, Austin’s largest planned industrial development)

AFFLUENT AUSTIN SUBURB POISED FOR EXPLOSIVE GROWTH
» 42,578 residents within five miles of the property (154% growth since 2010)
» High average annual household income of $109,872 within a five-mile radius
» Population and income estimates are projected to increase within 1-, 3-, and 5-mile radii over the next five years, poising Sherwin-Williams, and Manor for significant concurrent growth
» Gateway to Downtown Austin (1,028,220 population), the state capital and 4th most-populous city in Texas
» Manor was the 7th fastest growing suburb in America in 2018 by Realtor.com and the 17th best small suburb to live in by U.S. News and World Report in 2019

Property Description

SOLD

» Sherwin-Williams is located conveniently on the hard corner of State Loop 212 (10,658 AADT), and Ring Drive near U.S. Highway 290 (46,087 AADT) signalized intersection
» The property is adjacent to a Walmart Supercenter and Dairy Queen with nearby notable tenants such as AutoZone Auto Parts, Whataburger, Starbucks, McDonald’s, Pizza Hut, and more providing crossover traffic
» The site is within walking distance of Prose Manor (306 units), The Grassdale at Manor Apartments (320 units), and Commons at Manor 55+ Apartments (172 units) and near several well-attended schools within the Manor Independent School District (9,222 students)
» Across the street from the future Manor Crossing mixed-use development, including 600+ multi-family units and 450,000+ SF commercial space including an H-E-B
» The property is situated in an affluent Austin suburb with an average annual household income of $109,872 within a five-mile radius
» The population and income are projected to increase significantly within 1-, 3-, and 5-mile radii over the next five years, poising Sherwin-Williams, and Manor for concurrent growth
» The site is a gateway to Downtown Austin (1,028,220 population), the state capital and 4th most-populous city in Texas