Investment Offering
Amarillo, TX - EquipmentShare
12760 I-27 | Amarillo, TX 79119
$3,265,000
Price7%
Cap Rate$228,467
NOI7,500
± SF Offering GLADescription
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate signed, EquipmentShare investment property located in Amarillo, Texas. The tenant recently executed a brand new 15-year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features rare 1.70% annual rental increases starting in October 2027 and continuing throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is signed by the corporate entity and is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment for a passive investor. Founded in 2015, EquipmentShare is a growing peer-to-peer equipment rental company that is accelerating productivity in the construction industry. The company helps contractors across the country build better and work smarter through its more than 70 locations nationwide. Additionally, do not disturb tenant - no site tours or unannounced visits will not be allowed without Seller and Tenant authorization.
Location
EquipmentShare is strategically located along Interstate 27, a major commuter highway serving the greater Texas Panhandle region, averaging 42,300 vehicles passing by daily. Interstate 27 is the primary retail corridor serving the trade area, with other nearby national/credit tenants including Walmart Supercenter, Lowe’s Home Improvement, Ace Hardware, CVS Pharmacy, Walmart Neighborhood Market, United Supermarkets, and more. Strong tenant synergy increases consumer draw to the trade area and promotes crossover store exposure for the equipment rental company. The offering includes a 7,500 SF building on a 4.34-acre lot allowing EquipmentShare more space to store additional rental equipment and increase overall inventory. Additionally, the Amarillo metropolitan area is home to a robust construction industry (6th largest Labor Force by Occupation), providing the equipment rental company a direct consumer base from which to draw. Moreover, the 5-mile trade area is supported by nearly 40,000 residents and more than 9,300 employees with an average household income approaching $100,000.
Contact
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215