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Views: 293 DOM: 109 Updated: 11.02.24 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 7.1
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 increase in 2028, 10% every 5 years after including option periods
  • 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...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 4,602 42,691 108,588
2024 Total Population : 3,714 38,780 101,635
2024 Employed Civilian Pop : 1,884 20,758 51,406
2024 Total Businesses : 171 1,438 4,140
2024 Average Household Income : $ 92,137 $ 94,909 $ 95,295
2024 Total Consumer Spending : $ 147 M $ 1484 M $ 3635 M
2024 Median Age : 35 35 36
2024 Total Households : 1,789 17,733 43,256
2024 Pop Age 25+: Bachelor's Degree : 909 8,603 18,994
2024 Average Home Value : $ 361,313 $ 331,725 $ 333,410
*ESRI data is presented for informational purposes only

Listing Broker

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