Industrial Flex
Herc Rentals
510 Bourne Ave, Savannah, GA 31408
Listing Price: $2,950,000
Investment Overview
• Corporate Lease with Herc Rentals, Inc | NYSE: HRI
- 3rd Largest Equipment Rental Company in the U.S.
• Former Tenant Acquired via a $5.3 Billion Merger
- Herc Purchased H&E Equipment Services June 2025
• Original 15-Yr NNN Lease | Minimal LL Responsibilities
- 8.5+ Years Remaining | Annual CPI Increases (No Cap)
• Proximity to Port of Savannah & SAV Airport | 1.3 Miles
- Largest Single Container Port in North America
• Original Build to Suit Equipment Rental Facility
- 28+ Year Occupancy Through Multiple National Brands
• Part of the Savannah MSA | 3rd Largest in Georgia
- High Growth Major Logistics Hub
• Quick Access to Interstate-95 & Interstate-16
- Less than a 10 Minute Commute to Both Systems
• High Barrier to Entry Market for Outdoor Storage
- 2.6% Submarket Vacancy Rate (CoStar)
• Year Over Year Consistent Population Growth
- Over 14% Increase in the Last 10 Years
Herc Rentals
Investment Highlights
- • Corporate Lease with Herc Rentals, Inc | NYSE: HRI - 3rd Largest Equipment Rental Company in the U.S.
- • Former Tenant Acquired via a $5.3 Billion Merger - Herc Purchased H&E Equipment Services June 2025
- • Original 15-Yr NNN Lease | Minimal LL Responsibilities - 8.5+ Years Remaining | Annual CPI Increases (No Cap)
- • Proximity to Port of Savannah & SAV Airport | 1.3 Miles - Largest Single Container Port in North America
- • Original Build to Suit Equipment Rental Facility - 28+ Year Occupancy Through Multiple National Brands
- • Part of the Savannah MSA | 3rd Largest in Georgia - High Growth Major Logistics Hub
- • Quick Access to Interstate-95 & Interstate-16 - Less than a 10 Minute Commute to Both Systems
- • High Barrier to Entry Market for Outdoor Storage - 2.6% Submarket Vacancy Rate (CoStar)
Listing Price: $2,950,000
Investment Highlights
- • Corporate Lease with Herc Rentals, Inc | NYSE: HRI - 3rd Largest Equipment Rental Company in the U.S.
- • Former Tenant Acquired via a $5.3 Billion Merger - Herc Purchased H&E Equipment Services June 2025
- • Original 15-Yr NNN Lease | Minimal LL Responsibilities - 8.5+ Years Remaining | Annual CPI Increases (No Cap)
- • Proximity to Port of Savannah & SAV Airport | 1.3 Miles - Largest Single Container Port in North America
- • Original Build to Suit Equipment Rental Facility - 28+ Year Occupancy Through Multiple National Brands
- • Part of the Savannah MSA | 3rd Largest in Georgia - High Growth Major Logistics Hub
- • Quick Access to Interstate-95 & Interstate-16 - Less than a 10 Minute Commute to Both Systems
- • High Barrier to Entry Market for Outdoor Storage - 2.6% Submarket Vacancy Rate (CoStar)
Investment Overview
• Corporate Lease with Herc Rentals, Inc | NYSE: HRI - 3rd Largest Equipment Rental Company in the U.S. • Former Tenant Acquired via a $5.3 Billion Merger - Herc Purchased H&E Equipment Services June 2025 • Original 15-Yr NNN Lease | Minimal LL Responsibilities - 8.5+ Years Remaining | Annual CPI Increases (No Cap) • Proximity to Port of Savannah & SAV Airport | 1.3 Miles - Largest Single Container Port in North America • Original Build to Suit Equipment Rental Facility - 28+ Year Occupancy Through Multiple National Brands • Part of the Savannah MSA | 3rd Largest in Georgia - High Growth Major Logistics Hub • Quick Access to Interstate-95 & Interstate-16 - Less than a 10 Minute Commute to Both Systems • High Barrier to Entry Market for Outdoor Storage - 2.6% Submarket Vacancy Rate (CoStar) • Year Over Year Consistent Population Growth - Over 14% Increase in the Last 10 Years
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