Single-Tenant Industrial
Herc Rentals
1087 IL-3, NATL STOCK YD, IL 62071
Listing Price: $5,770,000
Investment Overview
This is a single-tenant net lease investment opportunity at 1087 State Route 3, Fairmont City, IL, occupied by Herc Rentals, Inc. (NYSE: HRI), the 3rd largest equipment rental company in the U.S., priced at $5,770,000 with a 6.50% cap rate and $375,015 in NOI. The property sits on a ±5.06-acre site in the St. Louis MSA, featuring a ±16,867 SF facility built in 1996 and renovated in 2024 with $1.12M in improvements tailored to the tenant's specifications. The original 10-year NNN lease has 7+ years remaining, features minimal landlord responsibilities, 3% annual rent increases, and four 5-year renewal options extending through the mid-2050s. Located in the St. Louis, MO MSA (23rd largest U.S. metro, ~2.81M population), the property benefits from strategic adjacency to the St. Louis Metro Ports Network, prime multimodal access via I-55/I-70/I-64 and rail corridors, and proximity to St. Louis Lambert International Airport (~16 miles) and downtown St. Louis/the Gateway Arch. Herc Rentals acquired the former tenant, H&E Equipment Services, in a $5.3 billion merger completed in June 2025, and the parent company posted $4.376 billion in 2025 total revenue with 609+ locations across North America, underscoring strong corporate credit backing the lease.
Herc Rentals
Investment Highlights
- •Corporate Lease with Herc Rentals, Inc | NYSE: HRI - 3rd Largest Equipment Rental Company in the U.S.
- •Original 10-Yr NNN Lease | Minimal LL Responsibilities - 7+ Years Remaining | 3% Annual Rental Increases
- •Former Tenant Acquired via a $5.3 Billion Merger - Herc Purchased H&E Equipment Services June 2025
- •Newly Renovated Facility | $1.12M in Improvements '24 - Built Out to Fully Accommodate Tenant's Specifications
- •Strategically Adjacent to St. Louis Metro Ports Network - Most Efficient Inland Port System in the Country
- •Ideally Located for Prime Multimodal Access - Quick Access to I-55/I-70/I-64 and Rail Corridors
- •Proximity to St. Louis Lambert Int. Airport | ~16 Miles - Primary Airport Serving the Greater St. Louis Region
- •St. Louis, MO MSA | 23rd Largest U.S. Metropolitan Area - Estimated Population: 2,810,000 Residents
Listing Price: $5,770,000
Investment Highlights
- •Corporate Lease with Herc Rentals, Inc | NYSE: HRI - 3rd Largest Equipment Rental Company in the U.S.
- •Original 10-Yr NNN Lease | Minimal LL Responsibilities - 7+ Years Remaining | 3% Annual Rental Increases
- •Former Tenant Acquired via a $5.3 Billion Merger - Herc Purchased H&E Equipment Services June 2025
- •Newly Renovated Facility | $1.12M in Improvements '24 - Built Out to Fully Accommodate Tenant's Specifications
- •Strategically Adjacent to St. Louis Metro Ports Network - Most Efficient Inland Port System in the Country
- •Ideally Located for Prime Multimodal Access - Quick Access to I-55/I-70/I-64 and Rail Corridors
- •Proximity to St. Louis Lambert Int. Airport | ~16 Miles - Primary Airport Serving the Greater St. Louis Region
- •St. Louis, MO MSA | 23rd Largest U.S. Metropolitan Area - Estimated Population: 2,810,000 Residents
Investment Overview
This is a single-tenant net lease investment opportunity at 1087 State Route 3, Fairmont City, IL, occupied by Herc Rentals, Inc. (NYSE: HRI), the 3rd largest equipment rental company in the U.S., priced at $5,770,000 with a 6.50% cap rate and $375,015 in NOI. The property sits on a ±5.06-acre site in the St. Louis MSA, featuring a ±16,867 SF facility built in 1996 and renovated in 2024 with $1.12M in improvements tailored to the tenant's specifications. The original 10-year NNN lease has 7+ years remaining, features minimal landlord responsibilities, 3% annual rent increases, and four 5-year renewal options extending through the mid-2050s. Located in the St. Louis, MO MSA (23rd largest U.S. metro, ~2.81M population), the property benefits from strategic adjacency to the St. Louis Metro Ports Network, prime multimodal access via I-55/I-70/I-64 and rail corridors, and proximity to St. Louis Lambert International Airport (~16 miles) and downtown St. Louis/the Gateway Arch. Herc Rentals acquired the former tenant, H&E Equipment Services, in a $5.3 billion merger completed in June 2025, and the parent company posted $4.376 billion in 2025 total revenue with 609+ locations across North America, underscoring strong corporate credit backing the lease.
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