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Net Lease Enterprise Property Profile and Cap Rates

Date September 20, 2020

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, United States 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.[2]

The resulting company was 21st on the 2008 Forbes list of “Largest Private Companies in America