Net Lease United Rentals Property Profile and Cap Rates

Net Lease United Rentals – Typical Property and Lease Terms

 

Price Range:	$1M - $3.5M
Cap Rate:	7.50% - 8.50%
Net Income:	$75,000 - $300,000
Price Per foot:	$85 PSF - $230 PSF
Building Size:	12,500 SF
Lot Size:	2.5 Acres
Escalations:	10% - 12% Every 5-Years
Lease Term:	10 Years
Lease Type:	NNN
Credit Rating:	BB- (S&P)

 

Tenant Company Information:

 

United Rentals, Inc. (NYSE: URI) is the world’s largest equipment rental company, with about 13 percent of the North American market share as of 2019.[5] It owns the largest rental fleet in the world with about 660,000 rental units totaling about $14.2 billion in original equipment cost (OEC).[5] The company has a workforce of approximately 18,800 employees, and operates 1,186 locations across 49 U.S. states, 10 Canadian provinces, Puerto Rico and four European countries. In 2017, United Rentals’ revenue totaled more than $6.64 billion, with over $1.35 billion in profit.[4] It is ranked #424 on the Fortune 500,[6] and #1183 on the Forbes Global 2000 list of the world’s largest public companies.[7]

URI was founded in 1997 by Bradley Jacobs and grew primarily through acquisition. It offers general, aerial, and specialty rentals to a customer base that includes construction and industrial companies; utilities; municipalities; and homeowners. In addition to rentals, the company offers new and used equipment sales, servicing, and safety training.

United Rentals is currently led by Matthew Flannery (President & CEO), Dale Asplund (Executive Vice President & COO), and Jessica Graziano (Executive Vice President & CFO). It is headquartered in Stamford, Connecticut.[8] In 2019, United Rentals was announced the 6th best stock of the 2010s, with a total return of 1,559%

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