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Views: 239 DOM: 38 Updated: 08.07.24 Posted: 08.07.24 Status: Active

Summary

Price $3,145,000
Built/Renov 2008
Tenant United Rentals
Cap Rate 6.25%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 7,529
Lease Start 06-13-2008
#Units 1,504
Price/SF $417.72
Expiration 12-31-2031
Tenant Type Industrial
NOI $196,572
R. Term 7.3
Ownership Fee Simple
Rent/SF $26.11
Increases 12.0%/3/yrs
Pop 5Mi 36,490
Lot/AC 3.10
Options 4/5yrs/10%
AHHI 5Mi $95,126

Lease Highlights

  • United Rentals has been operating in this location since 2008
  • The tenant has 7+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features a 12% rental escalations in 2028, 10% every 5 years after including option period
  • Corporate guaranteed lease

Location Description

United Rentals is strategically located on Dan Tibbs Road, with access to 30,990 vehicles passing by daily. The property is conveniently situated just off Highway 255 (30,990 VPD) and Highway 53 (31,088 VPD), two of the area’s primary thoroughfares into Huntsville. Additionally, it is positioned in an industrial corridor with established tenants such as Ferguson Plumbing Supply, Axion...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: United Rentals
  • Guarantor:Corp T and Rated
  • Company:United Rentals, Inc.
  • # Units:1,504
  • Tenant S&P: BB+
  • Moody’s: Ba1
  • Stock: NYSE: URI

About Tenant

United Rentals, Inc (NYSE: URI) is an American publicly traded company; it is the world's largest equipment rental company, with about 16 percent of the North American market share as of 2022....


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Listing Broker

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