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Views: 19 DOM: 36 Updated: 09.16.24 Posted: 08.13.24 Status: Active

Summary

Price $3,265,000
Built/Renov 2019
Tenant Equipment Share
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 7,500
Lease Start 10-01-2021
#Units 215
Price/SF $435.33
Expiration 09-30-2036
Tenant Type Industrial
NOI $228,467
R. Term 12.0
Ownership Fee Simple
Rent/SF $30.46
Increases 1.7%/2/yrs
Pop 5Mi 39,333
Lot/AC 4.34
Options 2/5yrs/1.7%
AHHI 5Mi $99,166

Lease Highlights

  • Equipment Share has 12 years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 1.7% annual rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

EquipmentShare is strategically located along Interstate 27, a major commuter highway with a robust daily traffic count of 50,500 vehicles. The property is surrounded by well-known national tenants, including Walmart Supercenter, Lowe’s Home Improvement, Ace Hardware, CVS Pharmacy, Walmart Neighborhood Market, United Supermarkets, and more. The 5-mile trade area supports a population of 39,333...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Equipment Share
  • Guarantor:Corporate
  • Company:EquipmentShare.com, Inc.
  • # Units:215
  • Stock:Private

About Tenant

Equipment Share is a private American construction solutions provider of jobsite technology and equipment rental, retail and service distribution. Their mission is to accelerate productivity in...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 1,999 11,615 47,419
2023 Total Population : 1,772 10,774 45,096
2023 Employed Civilian Pop : 809 5,114 23,247
2023 Total Businesses : 106 291 1,065
2023 Average Household Income : $ 101,208 $ 103,120 $ 110,371
2023 Total Consumer Spending : $ 58 M $ 347 M $ 1630 M
2023 Median Age : 38 38 39
2023 Total Households : 668 3,927 17,376
2023 Pop Age 25+: Bachelor's Degree : 128 1,229 8,496
2023 Average Home Value : $ 282,573 $ 294,163 $ 274,903
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
S Coulter St Longoria Rd 2005 1,330 0.08 mi
Antoine Ln Canyon Dr 2005 110 0.70 mi
Mack Rd Canyon Dr 2005 150 0.71 mi
Mack Rd 2021 980 0.89 mi
Canyon Expressway W Loop 335 S 2021 38,835 0.89 mi
Canyon Expressway Mack Rd 2020 36,806 0.89 mi
Canyon Dr 2021 904 0.90 mi
South Soncy Road Mc Cormick Rd 2020 9,129 1.03 mi
South Soncy Road FM 2219 2021 10,199 1.03 mi
W McCormick Rd San Saba St 2005 3,780 1.20 mi

Listing Broker

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