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

By submitting the form, you agree to the terms and conditions of our Confidential Disclaimer.

Icon_guarantee_shield-1

Sunbelt Rentals

Corporate Lease

Icons_Strong-Tenant-Icon

Brand New

NNN Lease

Icons_Growth

Annual Rent Increases

4.00%

Texas_Outline

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


northmarq.com