Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Casper, WY - EquipmentShare
8655 Delta Drive | Casper, WY 82604
$3,238,000
Price6.25%
Cap Rate$202,357
NOI7,200
± SF Offering GLADescription
SRS National Net Lease Group in collaboration with Coldwell Banker Commercial 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 Casper, Wyoming. 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 26, a major commuter thoroughfare averaging 7,200 vehicles passing by daily. The highway connects directly to Interstate 25 (20,700 VPD), the primary north-west freeway traveling through Wyoming and into the heart of Albuquerque, New Mexico. The site is ideally situated across from Casper/Natrona County International Airport (178,000 annual passengers), increasing exposure for the subject property. The offering includes an industrial building totaling 7,200 SF on a 3.78-acre lot allowing EquipmentShare more space to store additional rental equipment and increase overall inventory. Moreover, the 7-mile trade area is supported by a population of nearly 25,000 residents and 17,400 daytime employees. Residents within 3-miles of the subject property boast an affluent average household income of $116,364.
Documents & Links
| View | ||
|---|---|---|
 Offering Memorandum |  |  |
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