Industrial    

Sunbelt Rentals

 Pharr (McAllen), Texas

Price:                Cap Rate (Year 1):
$1,342,000       6.65%

Cap Rate (Avg)1:
7.35%

1 Average Cap Rate based on average NOI over the remaining Base Lease Term.

For more details on this exclusive listing

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Sunbelt Rentals

Corporate Lease

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Brand New

NNN Lease

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Annual Rent Increases

4.00%

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State of Texas

Opportunity

INVESTMENT HIGHLIGHTS

  • Corporate Lease
    Sunbelt Rentals, Inc.
    2nd Largest Equip. Rental Co.
  • Investment-Grade Parent Co.
    Ashtead Group | S&P: BBB-
    Sunbelt is Ashtead's Sole Flag
  • Newly Renovated Site
    Remodeled in 2024
    Roof in Excellent Condition
  • Brand New NNN Lease
    Lease Executed 2024
    Highly Passive Structure
  • 4.00% Annual Rent Increases
    27% Rent Growth During Term
    12% Cap by End of Options
  • Pharr, TX Market Metrics
    67.5% Rent Growth (Past 10 Years)
    4.1% Vacancy (6.7% U.S. Avg.)
  • Trade Gateway to Southeast
    Pharr International Bridge
    30th Largest Port in the U.S.
  • Below Replacement Cost
    Priced Below Replacement Cost
    Rent is Below Market
  • Power & HVAC Division
    #1 Growing Division for Sunbelt
    #1 Among 12 Specialty Lines

Exclusively Listed By

Brandon Duff

Managing Director & Senior Vice President
  bduff@northmarq.com      +1 312.240.0162

Mackenzie Wolfgram

Associate Vice President
  mwolfgram@northmarq.com      +1 312.777.2454

Brandt Fuller

Senior Analyst
  bfuller@northmarq.com   

In Association With
Jim Gibson

TX Lic. #392926

Northmarq

303 E Wacker Dr, Suite 1111
Chicago, IL 60601


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