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Net Lease

Sunbelt Rentals

735 Wilkes Barre Township Blvd, Wilkes-Barre Township, PA 18702

Listing Price: $5,217,394

Cap Rate
5.75%
Gross SF
12,000
Price/Gross SF
$434.78
Lot Size
5.79 acres
Year Built
2022
Rentable SF
12,000

Investment Overview

» Sunbelt Rentals has been in business since 1983 | Fast Forward 40 years the company has 1,100 locations, 15,000 employees, and 11% of the market share as the second largest equipment rental company in the country » Company Ownership | Wholly owned subsidiary of Ashtead Group – Publicly trade company with a Baa3(Moody’s) Credit rating » Sizable Revenue Growth in 2022 Fiscal Year | Revenues jumped 23% from $5.4 Billion Company in 2021 to $6.4 Billion in 2022 » All facilities are full service rental locations | complete with dispatchers, mechanics, and delivery vehicles » Diversified Product Mix | Construction equipment, industrial tools, pumps, power generations, scaffolding, and more » Broad Range Customer Base | Ranges from commercial, industrial, municipal, and specialized service industries to weekend do it yourselfers

Investment Highlights

  • Brand New Construction | Build to Suit Building with a new 10-year Lease and Two 5-Year Options
  • Corporate Lease with Sunbelt Rentals | The Second Largest Equipment Rental in the U.S with 1,100 locations
  • Rare and Attractive Rent Escalations | 2.5% Annual Increases in Base Term after Year 4 and through Option Periods
  • Highly Trafficked Location | 20,245 Vehicles per Day on Wilkes-Barre Township Boulevard
  • Strong Real Estate Fundamentals | Subject Site Located on a 5.79 Acre parcel with 12,000 SF of GLA

Exclusively Listed By

Financing By

Listing Price: $5,217,394

Cap Rate
5.75%
Gross SF
12,000
Price/Gross SF
$434.78
Lot Size
5.79 acres
Year Built
2022
Rentable SF
12,000

Investment Highlights

  • Brand New Construction | Build to Suit Building with a new 10-year Lease and Two 5-Year Options
  • Corporate Lease with Sunbelt Rentals | The Second Largest Equipment Rental in the U.S with 1,100 locations
  • Rare and Attractive Rent Escalations | 2.5% Annual Increases in Base Term after Year 4 and through Option Periods
  • Highly Trafficked Location | 20,245 Vehicles per Day on Wilkes-Barre Township Boulevard
  • Strong Real Estate Fundamentals | Subject Site Located on a 5.79 Acre parcel with 12,000 SF of GLA

Investment Overview

» Sunbelt Rentals has been in business since 1983 | Fast Forward 40 years the company has 1,100 locations, 15,000 employees, and 11% of the market share as the second largest equipment rental company in the country » Company Ownership | Wholly owned subsidiary of Ashtead Group – Publicly trade company with a Baa3(Moody’s) Credit rating » Sizable Revenue Growth in 2022 Fiscal Year | Revenues jumped 23% from $5.4 Billion Company in 2021 to $6.4 Billion in 2022 » All facilities are full service rental locations | complete with dispatchers, mechanics, and delivery vehicles » Diversified Product Mix | Construction equipment, industrial tools, pumps, power generations, scaffolding, and more » Broad Range Customer Base | Ranges from commercial, industrial, municipal, and specialized service industries to weekend do it yourselfers

Exclusively Listed By

Financing By

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