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Net Lease

United Rentals - Westerville, OH

5755 Westerville Rd, Westerville, OH 43081

Listing Price: $1,700,000

Cap Rate
6.49%
Gross SF
7,500
Price/Gross SF
$226.67
Lot Size
2.04 acres
Year Built
1995
Rentable SF
7,500

Investment Overview

Brand New Five-Year Lease | Commenced April 2021

Corporate Guaranty with U.S. Largest Equipment Rental Company

Rare 15% Rental Increases During Each Option Period

Longstanding Equipment Rental Facility | 25+ Yr Historical Occupancy

Franklin Equipment Acquired by United Rentals in 2021

Located in the Columbus MSA | 32nd Largest in the U.S.

Ideal Access to Major Thoroughfares | Interstate-270 & Interstate-71

Robust Demographics | 269,000+ Residents Within Five Miles

Direct Frontage on Westerville Rd | 16,300+ AADT

Investment Highlights

  • Brand New Five-Year Lease
  • Corporate Guaranty with U.S. Largest Equipment Rental Company
  • Located in the Columbus MSA

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Net Lease

United Rentals - Westerville, OH

Listing Price: $1,700,000

Cap Rate
6.49%
Gross SF
7,500
Price/Gross SF
$226.67
Lot Size
2.04 acres
Year Built
1995
Rentable SF
7,500

Investment Highlights

  • Brand New Five-Year Lease
  • Corporate Guaranty with U.S. Largest Equipment Rental Company
  • Located in the Columbus MSA

Investment Overview

Brand New Five-Year Lease | Commenced April 2021

Corporate Guaranty with U.S. Largest Equipment Rental Company

Rare 15% Rental Increases During Each Option Period

Longstanding Equipment Rental Facility | 25+ Yr Historical Occupancy

Franklin Equipment Acquired by United Rentals in 2021

Located in the Columbus MSA | 32nd Largest in the U.S.

Ideal Access to Major Thoroughfares | Interstate-270 & Interstate-71

Robust Demographics | 269,000+ Residents Within Five Miles

Direct Frontage on Westerville Rd | 16,300+ AADT

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

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