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Benbrook, TX - EquipmentShare
16615 Highway 377 S | Fort Worth, TX 76126
$3,689,000
Price6%
Cap Rate$221,340
NOI9,600
± 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 Benbrook, Texas (Dallas-Fort Worth MSA). 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 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.
Location
EquipmentShare is strategically located along U.S. Highway 377, an essential commuter thoroughfare for the trade area averaging more than 24,300 vehicles passing by daily. Additionally, U.S. Highway 377 connects directly with Interstate 20, a primary highway for the Dallas-Forth Worth metropolitan area that connects major markets throughout the Southeastern U.S. Moreover, the offering includes a 9,600 SF building on a large 10.00-acre lot allowing EquipmentShare more space to store additional rental equipment and increase overall inventory. Additionally, Benbrook is home to a robust construction industry (3rd 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 more than 120,600 residents and 48,100 employees. Residents within 3 miles of the subject property boast an affluent average household income of $118,569.
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