United Rentals | 24+ Years Operating History | TN
Corporate United Rentals Investment | 24+ Years Operating History | Recent 5-Yr Extension
Marketing description
NX3 Commercial Group is pleased to exclusively offer for sale this United Rentals investment opportunity located in Cookeville, Tennessee. The property benefits from over 24 years of operating history at the site and a recently exercised 5-year lease extension, highlighting the tenant's long-term commitment to the location.
Strategically positioned along Interstate 40 between Nashville and Knoxville, the asset serves one of Tennessee's primary transportation and commercial corridors. The surrounding trade area continues to experience significant growth, including the recently announced 148,000-square-foot "The Willows" retail development anchored by Target and Home Depot.
United Rentals (NYSE: URI) is the largest equipment rental company in North America, operating an extensive network of locations serving construction, industrial, utility, municipal, and infrastructure customers throughout the United States and Canada.
This offering presents investors with an opportunity to acquire a corporate-backed net lease asset in a growing regional market with demonstrated tenant longevity and strong surrounding economic fundamentals.
Investment highlights
• 24+ Years at This Location
United Rentals has successfully operated at the property for more than two decades, demonstrating long-term commitment to the site and market.
• Recent 5-Year Lease Extension Exercised
The tenant recently exercised its latest renewal option, extending the lease term and reaffirming confidence in the location.
• Publicly Traded Tenant
Investment secured by United Rentals, Inc. (NYSE: URI), North America's largest equipment rental company.
• Strategic I-40 Corridor Location
Positioned immediately off Interstate 40 with convenient access to State Route 111 and U.S. Highway 70N.
• Nashville–Knoxville Growth Corridor
Located approximately 80 miles from Nashville and 100 miles from Knoxville within one of Tennessee's strongest regional growth markets.
• Significant New Development Nearby
Adjacent to The Willows, a planned 148,000 SF retail development featuring Target and Home Depot.
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