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24044 US Highway 80 W 7,500 SF 100% Leased Retail Building Demopolis, AL 36732 $1,950,000 ($260/SF) 6.33% Cap Rate
Investment Highlights
- Recent Five Year Executed Option Period
- 8+ Acres of Industrial Outdoor Storage (IOS)
- Two (5) Year Option Remaining
- Major Improvements Paid By Tenant
- Expanded 4+ Acres In recent Extension
Executive Summary
With the recent extension, the lease now has over 4+ Years remaining in the current term, plus Two remaining five-year options. The property is structured as a NN (double net) lease, minimizing landlord responsibilities to primarily roof, Structure, Foundation. The lease also includes a 2% annual rent increase to help hedge against inflation.
Constructed in 2018 and improved in 2021 when Sunbelt first leased the premises, the property now sits on over 8 acres with Sunbelt electing to lease the additional 4+/- acres signed into the recent lease amendment, providing ample space for the tenant’s desired Industrial Outdoor Storage (IOS). Along with the recent extension, Sunbelt Rentals has paid for Major Improvements to the site.
This is an excellent opportunity for an investor seeking a passive income-producing asset with minimal landlord involvement and a creditworthy international tenant in place.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Rental and Leasing Services
- -
- -
- -
Sunbelt Rentals began in 1947 as Ashtead Plant and Tool Hire and grew into an equipment rental business serving construction and industrial customers. The company offers a broad range of rental equipment and tools, including aerial work platforms, pumps, generators, forklifts, climate control, trench safety, fencing, and related specialty categories, along with digital account tools and jobsite-focused resources. Sunbelt Rentals operates across North America and the UK and serves customers in construction, manufacturing, facility maintenance, and other project-based sectors.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Rental and Leasing Services | - | - | - |
Property Taxes
| Parcel Number | 06-03-08-0-000-002-0000 | Improvements Assessment | $0 |
| Land Assessment | $540 | Total Assessment | $540 |
Property Taxes
Presented by
24044 US Highway 80 W
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