Sunbelt Rentals

Sunbelt Rentals Triple Net Investment Opportunity
Boise MSA, Idaho

This offering presents an excellent opportunity to acquire a Sunbelt Rentals facility located in the Boise Metropolitan Statistical Area, one of the fastest-growing markets in the United States. Featuring fee simple ownership, a firm 10-year absolute triple net lease, and a corporate guarantee, this property provides investors with secure, long-term income from one of North America’s largest equipment rental companies. With no landlord management obligations and a strong tenant covenant, this asset is an ideal choice for investors seeking stable, passive income in a high-growth market.

Location and Market Overview
The property is strategically located within the Boise MSA, benefiting from proximity to Interstate 84, U.S. Route 20, and State Highway 55. Daily traffic counts along the main frontage exceed 36,000 vehicles, offering strong visibility and accessibility. The site’s positioning allows Sunbelt Rentals to efficiently serve Boise’s expanding residential, commercial, and infrastructure construction projects.

Boise has consistently ranked among the fastest-growing cities in the nation, with a metro population exceeding 830,000 and continuing to rise rapidly. The region’s economy is highly diversified, driven by technology, advanced manufacturing, construction, healthcare, agriculture, and logistics. Boise’s favorable business climate, coupled with an influx of corporate relocations and steady population growth, has fueled unprecedented demand for new development — directly supporting equipment rental operations.

Demographics
The surrounding trade area is affluent and growing quickly. Within a three-mile radius, the population exceeds 70,000 with average household incomes around $98,000. Expanding to a five-mile radius, the population surpasses 160,000 with average household incomes above $94,000. These strong demographics reflect both a skilled workforce and a consumer base that support the city’s booming construction industry.

Property Details
The property sits on approximately 4.2 acres and includes a purpose-built industrial facility totaling 19,500 square feet. The building features high clear height ceilings, multiple drive-in and dock-high doors, and an expansive secured yard designed for heavy equipment storage. The site layout allows for efficient circulation of vehicles and machinery, with secure perimeter fencing for added functionality and safety.

Ownership is fee simple, providing the investor full control over land and improvements without the restrictions of a ground lease.

Lease Structure and Tenant Guarantee
The property is leased to Sunbelt Rentals, Inc. under an absolute triple net (NNN) lease. The tenant is responsible for all operating expenses including property taxes, insurance, maintenance, and structural repairs, ensuring a management-free investment for the landlord.

The lease term is a firm 10 years, with 2% annual rental increases built in, delivering stable and growing income throughout the term.

Sunbelt Rentals, a subsidiary of Ashtead Group plc, is one of the largest equipment rental companies in North America with more than 1,200 locations. Backed by an investment-grade corporate credit rating, the tenant provides investors with exceptional financial security.

Tax Benefits and Bonus Depreciation
Through a cost segregation study, investors may accelerate depreciation on building and site components to enhance after-tax returns. Combined with the steady income from the lease, this can significantly improve investment performance.

Surrounding Area and Trade Drivers
Boise continues to experience rapid economic and population growth, driving demand for construction and infrastructure development. The property’s location within an established industrial corridor provides excellent access to both commercial and residential construction markets across the metro. Proximity to Boise Airport, Interstate 84, and major commercial hubs makes the site highly advantageous for Sunbelt’s operations.

Investment Highlights

• Absolute triple net lease with Sunbelt Rentals, Inc., eliminating all landlord responsibilities.
• 10-year firm lease term with 2% annual rental increases, ensuring predictable and growing income.
• Corporate guarantee from Sunbelt Rentals, one of the largest equipment rental providers in North America with investment-grade credit.
• Fee simple ownership of a 4.2-acre parcel with a 19,500-square-foot purpose-built facility.
• Prime Boise MSA location with excellent highway access and daily traffic counts exceeding 36,000 vehicles.
• Expansive secured yard designed for heavy equipment storage and efficient operations.
• Strong trade area demographics with average household incomes approaching $100,000 within three miles.
• Located in one of the fastest-growing metro areas in the U.S., supported by booming residential and commercial development.
• Attractive financing opportunities supported by corporate guarantee and NNN lease structure.

Buyer Profile and Financing
This property is well-suited for 1031 exchange buyers, institutional investors, REITs, family offices, and private equity seeking a secure, long-term net lease investment. With its fee simple ownership, corporate-backed lease, and absolute NNN structure, the asset is highly financeable and offers competitive loan terms. Investors benefit from passive cash flow, annual rent escalations, and exposure to one of the most dynamic markets in the West.

Conclusion
This Sunbelt Rentals facility in the Boise MSA offers a premier net lease investment opportunity featuring an absolute triple net lease, corporate guarantee, fee simple ownership, and annual rent increases. Located in a thriving, high-demand market with strong demographics and explosive growth, this property provides investors with stable, inflation-protected income from a creditworthy tenant.

Qualified investors are encouraged to request the full offering memorandum, lease details, and financial information.