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Net Lease Enterprise Property Profile and Cap Rates

Date May 20, 2017

Net Lease Enterprise – Typical Property and Lease Terms


Price Range:$750k - $3M
Cap Rate:6.00% - 7.00%
Net Income:$45,000 - $200,000
Price Per foot:$700 PSF - $1,000 PSF
Building Size:1,250 SF - 3,000 SF
Lot Size:0.75 Acre
Escalations:2% Annually
Lease Term:7-10 Years
Lease Type:NNN
Credit Rating:BBB+ (S&P)


Tenant Company Information:

Enterprise Rent-A-Car is an American car rental company headquartered in Clayton, Missouri in Greater St. Louis. In addition to car rental, Enterprise also oversees commercial fleet management, used car sales, and commercial truck rental operations.

Enterprise Rent-A-Car was established in St. Louis, Missouri in 1957 by Jack C. Taylor. Originally known as “Executive Leasing Company,” in 1969, Taylor renamed the company “Enterprise” after the aircraft carrier USS Enterprise, on which he served during World War II. In 2009, Enterprise became a subsidiary of Enterprise Holdings, Inc., following the company’s 2007 acquisition of Vanguard Automotive Group, the parent company of National Car Rental and Alamo Rent a Car.  Enterprise Rent-A-Car is the largest rental car company in the United States and has more than 5,400 “home city” locations, and 415 airport locations.  Enterprise Rent-A-Car is an investment grade rated company with a Standard and Poor’s rating of BBB+.


Website: www.enterprise.com
Year Founded: 1957
Number of Locations: 5,815+
Credit Rating (S&P): BBB+
Headquarters: Clayton, Missouri