Equipment Share

1761 U.S. 271, Gladewater, TX 75647

$2,891,000

Cap Rate 7.00%

Views: 74 DOM: 133 Updated: 09.17.24 Posted: 08.13.24 Status: Active

Summary

Price $2,891,000	Built/Renov 2015	Tenant Equipment Share
Cap Rate 7.00%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 14,500	Lease Start 10-01-2021	#Units 215
Price/SF $199.38	Expiration 09-30-2036	Tenant Type Industrial
NOI $202,357	R. Term 11.9	Ownership Fee Simple
Rent/SF $13.96	Increases 1.7%/2/yrs	Pop 5Mi 11,514
Lot/AC 21.65	Options 2/5yrs/1.7%	AHHI 5Mi $77,234

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

Equipment Share is strategically located on S Tyler Road/U.S. Highway 271, with access to 13,800 vehicles passing by daily. Highway 271 connects directly with Interstate 20 (36,800 VPD), one of the primary east-west commuter highways leading into the heart of the Dallas metropolitan area. Additionally, the property is just a 25-minute drive from downtown Longview, making it an ideal,...

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Key Features

Build to suit
Near major nationals
Strategically located
Highway location
Affluent suburb location
Income tax free state
Absolute NNN
Long 10+ yr lease
Annual rent increases
Corporate Guarantee

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Links

Equipment Share Wikipedia Gladewater, Texas Zip Code 75647 Broker Site Page

Maps

Local Information

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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Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
	Pvt Rd 1301	2021	7,780	0.18 mi
FM 1844	Dearing Creek Rd	2021	1,124	0.31 mi
N Main St	LnRd	2002	9,200	0.58 mi
North White Oak Road	N Point Pleasant Rd	2020	942	0.82 mi
North Point Pleasant Road	FM 1844	2021	1,052	0.89 mi
North Main Street	Vesta Ave	2020	8,936	1.43 mi
North Main Street	NE Loop 485	2021	9,183	1.43 mi
George Richey Road	George Richey Rd	2020	2,630	1.51 mi
North Main Street	N Martha Dr	2021	11,164	1.53 mi
North Main Street	Vesta Ave	2020	9,132	1.53 mi

Listing Broker

Matthew Mousavi

SRS National Net Lease Group

Contact

369 Listings
46836 Views
137 Sold

Patrick Luther

SRS National Net Lease Group

Contact

420 Listings
51310 Views
165 Sold

Matthew Mousavi

Matthew is the managing principal and co-founder of the SRS National Net Lease Group, based in Newport Beach, California. SRS’ is the exclusive net lease investment advisory platform across more than 25 offices nationally. SRS is the largest retail estate firm in North America exclusively focused on retail services, of which Matthew is a member of the board. The firm has a track record spanning over 30 years and billions in transaction volume, and represents over 400 retailers throughout the co

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Patrick Luther

Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $1 billion in closed transactions, representing over 300 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 75 professionals handling all net lease transactions for the firm nationally. He focuses on all types of

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