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18206 Manhattan Pky
Cornelius, NC 28031 Outer Huntersville/Cornelius

$1,653,600 USD

Freestanding For Sale  •  5,800 SF

Property Details

• Property Type Freestanding
• Total Building Size 5,351 SF
• Lot Size 0.48 AC
• Building Class B
• Year Built 2008
• Cap Rate 6.00 %
• Tenancy Single
• Zoning VC

0 Transit Score

61 Walk Score

Highlights

Affluent Charlotte Submarket – Positioned in the Lake Norman corridor near Birkdale Village, with ~$140,000 average household incomes and a heavy conc

Proven Commitment – Sherwin Williams has operated at this location already for 17 years and most recently renewed an option, leaving just under 5 year

Irreplaceably Low Rent – Rent sits ~75% below new-build levels and well below replacement cost. In a $20–$25/SF Cornelius leasing market with limited

Blue-Chip, Investment-Grade Credit – Sherwin-Williams carries investment-grade ratings (S&P BBB, Moody’s Baa2, Fitch BBB+), providing institutional-qu

Global Category Leader – Sherwin-Williams is the world’s largest coatings company with record $23.1B in 2024 net sales and a chain of 5,000+ company-o

Top Ranked MSA – Charlotte ranks #3 Best Real Estate Market among large U.S. cities (WalletHub), with retail vacancy below 2.8% and some of the fastes

Cap Rate:

6.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Sherwin-Williams		6/30/2025

Amenities

• Freeway Visibility
• Pylon Sign
• Signage

Public Transportation

Airport	Drive	Walk	Distance
Concord-Padgett Regional	25 min	-	17.6 mi
Charlotte/Douglas International	36 min	-	25.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	10
Type:	Surface
Included in Rent:	Yes