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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

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

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Financing By

Net Lease

Sunbelt Rentals | New 10-Year Lease

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

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

Financing By

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