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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
- U.S. Highway 80 frontage with regional access
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
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- Rental and Leasing Services
- -
- -
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Sunbelt Rentals began in 1947 as Ashtead Plant and Tool Hire and later grew into an international equipment rental business. The company provides a full range of construction and industrial equipment and supports customers through specialty rental lines and service offerings across North America and the UK. Sunbelt Rentals serves a broad mix of verticals, including industrial and manufacturing, civil and commercial construction, government services, data centers, warehouse and distribution, and healthcare facility maintenance. The business combines general rental equipment with specialized solutions for projects that need temporary power, access, handling, climate control, and jobsite support.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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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
