Investment Overview

This is a single-tenant net lease investment opportunity at 2727 14th N, Ammon, ID, occupied by Herc Rentals, Inc. (NYSE: HRI), the 3rd largest equipment rental company in the U.S., priced at $3,810,000 with a 6.40% cap rate and $243,916 in NOI. The property sits on a ±3.68-acre site in Ammon's Lincoln's Industrial Park, featuring a ±12,000 SF facility built in 2015 and renovated in 2024 with $850K 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 Idaho Falls, ID MSA (~162,000 population, 3rd largest metro in Idaho, growing ~2% annually), the property benefits from quick access to I-15 & US-20/26, proximity to Idaho Falls Regional Airport (6.6 miles, the state's second-busiest), and nearby demand drivers including the proposed $60M Ammon Town Center mixed-use development. 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.