| Purchase Price | $4,800,000 |
|---|---|
| Annual Rental Income | $312,000 |
| Cap Rate | 6.5% |
| Lease Term | 10 Years |
| City | Charlotte MSA |
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United Rentals Triple Net Investment Opportunity
Charlotte MSA, North Carolina
This offering presents a rare opportunity to acquire a United Rentals industrial equipment rental facility located within the Charlotte Metropolitan Statistical Area. Situated on a sizable industrial parcel with excellent highway access, fee simple ownership, and an absolute triple net lease backed by a corporate guarantee, this property provides investors with a stable, long-term income stream from one of North America’s largest and most financially secure equipment rental companies. With a 10-year lease term and zero landlord responsibilities, this asset is ideal for investors seeking predictable cash flow and strong tenant credit in a rapidly growing market.
Location and Market Overview
The property is strategically positioned within the Charlotte MSA, benefiting from proximity to major transportation corridors including Interstate 85, Interstate 77, and the I-485 outer loop. Daily traffic counts on adjacent roadways exceed 40,000 vehicles, providing excellent accessibility and visibility for tenant operations. Charlotte’s booming economy and expanding industrial sector contribute to strong demand for equipment rental and industrial facilities.
Charlotte is one of the fastest-growing metro areas in the Southeast, with a population exceeding 2.7 million. Its diversified economy encompasses finance, manufacturing, healthcare, technology, and logistics. The region’s pro-business environment and infrastructure investments continue to attract corporate expansion and population growth, fueling industrial real estate demand.
Demographics
The surrounding trade area features affluent demographics supportive of sustained commercial activity. Within three miles of the property, average household income exceeds $135,000, reflecting a stable and prosperous consumer base. The Charlotte metro area’s growing workforce and strong median incomes bolster demand for construction and industrial services, benefiting equipment rental operators.
Property Details
The subject property occupies approximately 4.3 acres and includes a modern industrial building totaling 24,000 square feet. The facility features high clear height ceilings, multiple dock-high and drive-in doors, expansive yard space for equipment storage, and secure fencing. The site layout is optimized for heavy equipment access, parking, and operational efficiency.
Ownership is fee simple, providing the investor full rights to land and improvements without ground lease restrictions, allowing for long-term control and flexibility.
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 assuming all property-related expenses including taxes, insurance, maintenance, and structural repairs. This lease structure ensures a passive investment with zero landlord management responsibilities.
The lease term is a firm 10 years with no renewal options, providing predictable income and security. Rental increases of 2.5% annually are built into the lease, offering consistent growth and inflation protection.
United Rentals is the largest equipment rental company in North America, with an investment-grade corporate credit rating and a nationwide footprint exceeding 1,200 locations. The corporate guarantee from United Rentals North America, Inc. delivers exceptional financial security to investors.
Tax Benefits and Bonus Depreciation
While industrial properties may have limited bonus depreciation on building structures, investors can benefit from accelerated depreciation of certain components through cost segregation. Combined with the stable income stream, this can improve after-tax returns.
Surrounding Area and Trade Drivers
Charlotte is a major industrial and logistics hub, driven by growing construction, manufacturing, and infrastructure sectors. The property is located in a well-established industrial submarket surrounded by complementary industrial tenants, enhancing the location’s appeal.
Excellent highway access to I-85, I-77, and I-485 facilitates efficient transportation of heavy equipment and materials throughout the region.
Investment Highlights
Buyer Profile and Financing
This asset is ideal for 1031 exchange buyers, institutional investors, family offices, and private equity seeking a secure, long-term net lease investment with minimal management. The fee simple ownership, absolute NNN lease, and corporate guarantee make this property highly financeable. Investors benefit from steady cash flow, annual rent increases, and exposure to a strong regional economy.
Conclusion
This United Rentals facility in the Charlotte MSA offers a best-in-class net lease investment with long-term income stability and growth. Featuring an absolute triple net lease, corporate guarantee, 10-year lease term, and fee simple ownership on a large industrial parcel with superior transportation access, this asset represents a compelling opportunity for investors seeking passive, inflation-protected cash flow from a creditworthy tenant.
Qualified investors are encouraged to request the full offering memorandum, financial details, and acquisition process information.