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 Memphis, Tennessee 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 2.5 miles east of the Memphis International Airport and the FedEx World Hub. Additionally, the site sits 12 miles south of the International Port of Memphis and 13 miles south of downtown Memphis. The Asset benefits from its infill nature and ease of access to I-240, with the area known for being Memphis’s epicenter of industrial activity, and benefits from proximity to the metro’s core. The International Port of Memphis is the second largest inland port of the shallow draft portion of the Mississippi River, and the fifth largest inland port in the United States. Due to its premier infill location and the logistical advantage of the nearby I-240 / I-55 interchange, the Southeast Memphis market has experienced robust construction averaging annual net deliveries of 910,000 SF over the past 10 years. Southeast Memphis is the largest industrial submarket in Memphis in terms of both inventory and asset value. A large blue-collar workforce and resilient local fundamentals have historically driven industrial demand in the submarket. The Asset is subject to a long-term lease with +/- 12.0 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 ?ow with a credit-worthy Tenant who is the fastest-growing equipment rental company in the United States.