Net Lease
Sunbelt Rentals | New 10-Year Lease
3587 Clover Ln, New Castle, PA 16105
Listing Price: $3,500,000
Cap Rate
6.00%
Lot Size
13.36 acres
Year Built
1974
Rentable SF
44,000
Investment Overview
Sunbelt Rentals | New 10 Year Lease | 2% Annual Rental Increases
Sunbelt Rentals | New 10-Year Lease
Investment Highlights
- • Corporate Lease with Sunbelt Rentals, Inc - 2nd Largest Equipment Rental Company in the U.S.
- • Parent Company Ashtead Group | LON: AHT - Investment Grade Tenant | Baa3/BBB-
- • 10-Year NN Leases | Commenced March 2023 - 2% Annual Increases | Minimal LL Responsibilities
- • Significant Renovations in 2022 - $1.5+ Million in Recent CapEx Including New Roof
- • 13.36 Acre Site Off of Main Thoroughfare - Wilmington Road has 11,900+ VPD
Broker of Record
Financing By
Listing Price: $3,500,000
Cap Rate
6.00%
Lot Size
13.36 acres
Year Built
1974
Rentable SF
44,000
Investment Highlights
- • Corporate Lease with Sunbelt Rentals, Inc - 2nd Largest Equipment Rental Company in the U.S.
- • Parent Company Ashtead Group | LON: AHT - Investment Grade Tenant | Baa3/BBB-
- • 10-Year NN Leases | Commenced March 2023 - 2% Annual Increases | Minimal LL Responsibilities
- • Significant Renovations in 2022 - $1.5+ Million in Recent CapEx Including New Roof
- • 13.36 Acre Site Off of Main Thoroughfare - Wilmington Road has 11,900+ VPD
Investment Overview
Sunbelt Rentals | New 10 Year Lease | 2% Annual Rental Increases
Broker of Record
Financing By
