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United Rentals

11 Southwood Drive, Bloomfield, CT 06002

$3,209,955

Cap Rate 6.75%

Views: 63 DOM: 91 Updated: 11.11.24 Posted: 09.03.24 Status: Active

Summary

Price $3,209,955
Built/Renov 1981
Tenant United Rentals
Cap Rate 6.75%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 27,440
Lease Start 06-01-2023
#Units 1,504
Price/SF $116.98
Expiration 05-31-2028
Tenant Type Industrial
NOI $216,672
R. Term 3.6
Ownership Fee Simple
Rent/SF $7.90
Increases 10.0%/5/yrs
Pop 5Mi 94,143
Lot/AC 7.00
Options 3/5yrs/10%
AHHI 5Mi $113,997

Stratton Greig
Sands Investment Group
Contact

Austin Marsh
Sands Investment Group
Contact

Thomas Miller
Sands Investment Group
Contact

Will Beightol
Sands Investment Group
Contact

Lease Highlights

  • United Rentals has 3+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 10% rental increases throughout the initial term an option periods
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guaranteed lease

Location Description

United Rentals is strategically located on Southwood Drive and has a long history of use as an equipment rental location. The property features a 27,440 SF building situated on a 7-acre lot. The extensive yard space provides significant industrial outdoor storage, a highly sought-after feature in today’s market. Additionally, the opportunity includes approximately 1 acre of undeveloped land at...

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Key Features

  • Build to suit

  • Oversized lot

  • Near major nationals

  • Top 100 MSA

  • Affluent AHHI $100K 5 Mi

  • Below Market Rent

  • Favorable NN+ lease

  • Traded and rated company

  • Corporate Guarantee

    • ...

Links

United Rentals Wikipedia United Rentals Wikipedia Bloomfield, Connecticut Zip Code 06002 Broker Site Page

Documents

Download OM

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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Listing Broker

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