Single-Tenant Industrial
EquipmentShare Jacksonville
9235 Busch Drive North, Jacksonville, FL 32218
Listing Price: $5,769,231
Investment Overview
Marcus & Millichap is pleased to announce the opportunity to acquire a high performing industrial outdoor storage and equipment rental yard (the “Property” or “Asset”) located in Jacksonville, Florida that is leased to EquipmentShare (“Tenant”). EquipmentShare is a nationwide construction solutions provider dedicated to solving industry pain points through smart jobsite technology and equipment rental, retail, and service centers.
This Asset is located just six miles north of downtown Jacksonville and the Jacksonville Port Authority, via Hwy 17, this site benefits from its infill nature and ease of access to I-95. The area is known for being Jacksonville’s epicenter of port activity, Blount Island, and benefits from proximity to the metro’s core. The Jacksonville Port Authority (JAXPORT) is a global gateway, located at the crossroads of the nation’s rail and highway network, and Florida’s largest container port, as well as one of the nation’s largest vehicle-handling ports. Due to its premier location and logistical advantage of I-95, the immediate area, known as Imeson Park, has experienced over 4 million SF of distribution and warehouse space constructed in the past five years, with an additional 2.1 million SF currently under construction, and another 1.7 million SF of proposed development.
The Asset is subject to a long term lease with +/- 12.75 years remaining on an absolute triple net structure with 1.50% increases annually over the firm term, and two (2) 5-year extension options. This offering provides investors with the opportunity to receive long-term assured cash flow with a credit-worthy Tenant who is fastest-growing equipment rental company in the United States.
EquipmentShare Jacksonville
Investment Highlights
- EquipmentShare is a proven operator with scale. Currently, the business operates 165 locations in the US, employs 4,100+ people and services thousands of annual customers.
- Absolute NNN lease with zero landlord responsibilities making this an ideal investment for out-of-area investors.
- Strong rent escalations throughout the leases term providing investors a hedge against inflation.
Listing Price: $5,769,231
Investment Highlights
- EquipmentShare is a proven operator with scale. Currently, the business operates 165 locations in the US, employs 4,100+ people and services thousands of annual customers.
- Absolute NNN lease with zero landlord responsibilities making this an ideal investment for out-of-area investors.
- Strong rent escalations throughout the leases term providing investors a hedge against inflation.
Investment Overview
Marcus & Millichap is pleased to announce the opportunity to acquire a high performing industrial outdoor storage and equipment rental yard (the “Property” or “Asset”) located in Jacksonville, Florida that is leased to EquipmentShare (“Tenant”). EquipmentShare is a nationwide construction solutions provider dedicated to solving industry pain points through smart jobsite technology and equipment rental, retail, and service centers. This Asset is located just six miles north of downtown Jacksonville and the Jacksonville Port Authority, via Hwy 17, this site benefits from its infill nature and ease of access to I-95. The area is known for being Jacksonville’s epicenter of port activity, Blount Island, and benefits from proximity to the metro’s core. The Jacksonville Port Authority (JAXPORT) is a global gateway, located at the crossroads of the nation’s rail and highway network, and Florida’s largest container port, as well as one of the nation’s largest vehicle-handling ports. Due to its premier location and logistical advantage of I-95, the immediate area, known as Imeson Park, has experienced over 4 million SF of distribution and warehouse space constructed in the past five years, with an additional 2.1 million SF currently under construction, and another 1.7 million SF of proposed development. The Asset is subject to a long term lease with +/- 12.75 years remaining on an absolute triple net structure with 1.50% increases annually over the firm term, and two (2) 5-year extension options. This offering provides investors with the opportunity to receive long-term assured cash flow with a credit-worthy Tenant who is fastest-growing equipment rental company in the United States.
