| Purchase Price | $3,300,000 |
|---|---|
| Annual Rental Income | $214,500 |
| Cap Rate | 6.5% |
| Lease Term | 10 Years |
| City | Indianapolis MSA |
United Rentals Triple Net Investment Opportunity
Indianapolis MSA, Indiana
This offering presents a prime opportunity to acquire a United Rentals industrial equipment rental facility located within the Indianapolis Metropolitan Statistical Area. Positioned on a well-located industrial parcel with excellent highway access, fee simple ownership, and an absolute triple net lease backed by a corporate guarantee, this property delivers investors a stable and long-term income stream from one of the most established and financially secure equipment rental companies in North America. With zero landlord responsibilities and a high-quality tenant, this asset is ideal for investors seeking predictable cash flow and strong tenant credit in a growing Midwest market.
Location and Market Overview
The property is strategically located in the Indianapolis MSA, with direct access to major transportation corridors including Interstate 70, Interstate 65, and Interstate 465, the beltway that encircles the city. Daily traffic counts on adjacent roadways exceed 38,000 vehicles, providing excellent accessibility and visibility for the tenant’s operations. This location supports efficient regional distribution of equipment throughout Central Indiana and the broader Midwest.
Indianapolis, home to nearly 2.1 million residents in the metro area, is a thriving regional hub known for its diversified economy, affordability, and central location. The city’s economy is driven by logistics, advanced manufacturing, healthcare, finance, and technology. Its reputation as the “Crossroads of America” makes it one of the most important logistics and distribution markets in the United States, with excellent access to rail, air, and highway networks.
Demographics
The surrounding trade area is well positioned to support long-term industrial demand. Within three miles of the property, the population exceeds 75,000 with average household incomes of approximately $72,000. Expanding to a five-mile radius, the population surpasses 210,000 with average household incomes near $76,000. The strong workforce availability and affordable living costs in Indianapolis contribute to the ongoing expansion of industrial operations, including equipment rental services.
Property Details
The subject property sits on approximately 3.5 acres and includes a well-maintained 16,500-square-foot industrial facility designed specifically for equipment rental and service operations. The building features high clear height ceilings, multiple drive-in and dock-high loading doors, ample yard space for heavy equipment storage, and secure perimeter fencing. The site layout is optimized for operational efficiency, ensuring easy ingress and egress for large trucks and equipment.
Ownership is fee simple, granting the investor full rights to both land and improvements, providing maximum flexibility and long-term control without ground lease restrictions.
Lease Structure and Tenant Guarantee
The property is leased to United Rentals North America, Inc. under an absolute triple net (NNN) lease, with the tenant responsible for all property expenses including taxes, insurance, maintenance, and structural repairs. This ensures a passive, management-free investment for the landlord.
The lease term is structured for 10 years, offering stable and predictable income. Rental escalations of 2.5% annually are included, providing consistent growth and protection against inflation.
United Rentals is the largest equipment rental company in North America, operating more than 1,200 locations with an investment-grade corporate credit rating. The lease is backed by a corporate guarantee, offering exceptional financial security to investors.
Tax Benefits and Bonus Depreciation
Industrial assets such as this often benefit from cost segregation studies, allowing accelerated depreciation of certain building components and site improvements. Combined with stable rental income, this can significantly enhance after-tax returns.
Surrounding Area and Trade Drivers
Indianapolis is a key logistics hub, serving as the headquarters for several Fortune 500 companies and home to the second-largest FedEx Express hub in the world. Its central location within a day’s drive of more than half the U.S. population makes it highly attractive for distribution and industrial tenants. The area surrounding the property is an established industrial corridor with other logistics, manufacturing, and service-oriented tenants, further strengthening its long-term viability.
Investment Highlights
Buyer Profile and Financing
This asset is well-suited for 1031 exchange buyers, private investors, family offices, and institutional buyers seeking a stable, long-term net lease investment with minimal management obligations. The fee simple ownership, corporate guarantee, and absolute triple net lease ensure lender interest and competitive financing terms. Investors benefit from predictable cash flow, annual rental increases, and exposure to a major logistics and industrial hub.
Conclusion
This United Rentals facility in the Indianapolis MSA represents a strong net lease investment opportunity offering secure, long-term income with minimal management obligations. Featuring an absolute triple net lease, corporate guarantee, fee simple ownership, and a purpose-built facility in a premier logistics market, this asset is positioned to deliver reliable, inflation-protected cash flow for years to come.
Qualified investors are encouraged to request the full offering memorandum, financial details, and acquisition process information.