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Views: 24 DOM: 36 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 12.0
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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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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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

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