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29325184
29325185

1500 23rd St, Columbus, NE 68601

SG
FL SL3288412
Marcus & Millichap - Orlando
RS
FL 3343473
Marcus & Millichap - Orlando
Listed by Marcus & Millichap - Orlando
$1,062,000
136 days on market
Updated 136 days ago

Sunbelt Rentals Columbus, NE

Details
Property Type Industrial
Sub Type Warehouse
Square Footage 10,740
Cap Rate 7%
NOI $74,310
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 5
Lease Expiration 12/30/2029
Remaining Term 3.6
Rent Bumps Yes
Lease Options (1) Five-Year
Broker Co-Op Yes
Year Built 1966
Year Renovated 2015
Acreage 1.610
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 12/31/2024

NNN | Bite-Size Deal | Strong Yield

Investment highlights

• Corporate Lease with Sunbelt Rentals, Inc

- 2nd Largest Equipment Rental Company in the U.S.

• Parent Company Ashtead Group | LON: AHT

- Investment Grade Tenant | Baa3/BBB-

• Original 5-Yr NNN Lease | Minimal LL Responsibilities

- 2% Annual Increases | Recently Exercised 5-Year Option

• Part of the Omaha-Council-Fremont, NE-IA MSA

- Hub of Industrial and Commercial Growth in Northeast NE

• Direct Frontage on Lincoln Highway | 26,255 VPD

- City’s Main Artery that Features Host of National Retailers

• Former Business Acquired by Sunbelt in 2014

- Acquisition Substantially Grew Tenant’s Nebraska Footprint

• Longstanding Equipment Rental Facility

- Over 20 Years of Successful Operating History

• Limited Market Competition | Only National Rental Company

- Sunbelt Rentals Controls the Local Rental Market

Listing Contacts

SG
FL SL3288412
Marcus & Millichap - Orlando
RS
FL 3343473
Marcus & Millichap - Orlando
Listed by Marcus & Millichap - Orlando

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$74,310.00
$6,192.50/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Adam Lewis
License
NE 20250136
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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