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United Rentals (NNN) - 2032 S 51st St 2032 S 51st St 16,320 SF Industrial Building Tampa, FL 33619 For Sale
Investment Highlights
- Stable Long-Term Investment
- Replaceable Rent
- Strategic Location
- Credit Tenant
- Low Coverage
- Recently Executed Lease
Executive Summary
Executive Summary:
• Stable Long-Term Investment: The in-place tenant, Clean Restroom Rentals, was recently acquired by United Rentals, a nationally recognized industry leader. The acquisition underscores United Rentals’ long-term commitment to the portable sanitation platform and enhances the asset’s credit profile.
• Replaceable Rent: The property is leased at $8,446/AC/MO, below prevailing market rents for comparable single-tenant sites with excess land. Hillsborough County continues to experience strong demand for Industrial Outdoor Storage (IOS) sites, with market rents reaching as high as ±$12,000/AC/MO.
• Credit Tenant: United Rentals is an institutional-grade tenant as the world’s largest equipment rental company with extensive national and international operations. Its diversified customer base and scale support durable cash flows and strong creditworthiness.
• Low Coverage: In addition to the existing warehouse, the property features a significant surplus of land, creating unique optionality for investors. The excess acreage can support building expansion, industrial outdoor storage (IOS), or future redevelopment — a rare offering in a submarket where sites of this scale and flexibility are increasingly limited.
• Strategic Location: Centrally positioned within East Tampa’s core industrial corridor, the property offers exceptional access and connectivity. Located just off US-41 (17,500 AADT) and FL-618 (45,000 AADT), the site provides efficient access to major highways and regional logistics routes.
Broker of Record
Kyle Matthews
License No. CQ1066435 (FL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
• Stable Long-Term Investment: The in-place tenant, Clean Restroom Rentals, was recently acquired by United Rentals, a nationally recognized industry leader. The acquisition underscores United Rentals’ long-term commitment to the portable sanitation platform and enhances the asset’s credit profile.
• Replaceable Rent: The property is leased at $8,446/AC/MO, below prevailing market rents for comparable single-tenant sites with excess land. Hillsborough County continues to experience strong demand for Industrial Outdoor Storage (IOS) sites, with market rents reaching as high as ±$12,000/AC/MO.
• Credit Tenant: United Rentals is an institutional-grade tenant as the world’s largest equipment rental company with extensive national and international operations. Its diversified customer base and scale support durable cash flows and strong creditworthiness.
• Low Coverage: In addition to the existing warehouse, the property features a significant surplus of land, creating unique optionality for investors. The excess acreage can support building expansion, industrial outdoor storage (IOS), or future redevelopment — a rare offering in a submarket where sites of this scale and flexibility are increasingly limited.
• Strategic Location: Centrally positioned within East Tampa’s core industrial corridor, the property offers exceptional access and connectivity. Located just off US-41 (17,500 AADT) and FL-618 (45,000 AADT), the site provides efficient access to major highways and regional logistics routes.
Broker of Record
Kyle Matthews
License No. CQ1066435 (FL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Property Facts
| Sale Type | Investment NNN | No. Stories | 1 |
| Property Type | Industrial | Year Built/Renovated | 1966/2024 |
| Property Subtype | Warehouse | Tenancy | Single |
| Building Class | C | Parking Ratio | 0.61/1,000 SF |
| Lot Size | 2.96 AC | Clear Ceiling Height | 20’ |
| Rentable Building Area | 16,320 SF | No. Drive In / Grade-Level Doors | 6 |
| Zoning | M - Manufacturing | ||
| Sale Type | Investment NNN |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.96 AC |
| Rentable Building Area | 16,320 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1966/2024 |
| Tenancy | Single |
| Parking Ratio | 0.61/1,000 SF |
| Clear Ceiling Height | 20’ |
| No. Drive In / Grade-Level Doors | 6 |
| Zoning | M - Manufacturing |
Utilities
- Lighting - LED
- Sewer - Septic Field
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | U-27-29-19-1PV-000000-00040.0 | Improvements Assessment | $1,351,600 |
| Land Assessment | $100 | Total Assessment | $1,351,700 |
Property Taxes
Parcel Number
U-27-29-19-1PV-000000-00040.0
Land Assessment
$100
Improvements Assessment
$1,351,600
Total Assessment
$1,351,700
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United Rentals (NNN) - 2032 S 51st St | 2032 S 51st St
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