United Rentals | 376 Dan Tibbs Rd NW
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United Rentals 376 Dan Tibbs Rd NW
7,529 SF Industrial Building Huntsville, AL 35806 $3,145,000 ($418/SF) 6.25% Cap Rate
Investment Highlights
- 12.8% projected household growth over the next ?ve years (1-mile radius)
- Less than a 15-minute drive from downtown Huntsville
- Low coverage industrial with outdoor storage across 3 acres
- Recent lease extension through December 2031
- Long operating history since 2008
- United Rentals is the largest equipment rental company in the United States
Executive Summary
The Boulder Group is pleased to exclusively market for sale a single tenant net leased United Rentals located in Huntsville, Alabama. United Rentals has been operating at this location since it’s construction in 2008. United Rentals has executed several renewals over the years and recently signed an extension through December 2031, demonstrating commitment to the site. The extension features a 12% rent increase in 2028 and 10% every five years after. The extension also established four 5-year renewal options. The subject property is low coverage industrial with outdoor storage across 3 acres.
The 7,529 square-foot building benefits from its proximity to Highway 255 (30,990 VPD) and Highway 53 (31,088 VPD), two of the area’s primary thoroughfares into Huntsville. According to CoStar, the surrounding household growth will increase by 12.8% over the next five years. In recent years, Huntsville has become a rapid growing city due to the low cost of living and significant federal investments in defense, aerospace, and R&D. Currently, there are over 100,000 people living within a five-mile radius that earn an average household income of $94,737. The asset is located in an industrial corridor with established tenants such as Ferguson Plumbing Supply, Axion Corporation, Copart, Mingledorff’s, SiteOne Landscape Supply, Beacon Building Products, SRM Concrete, and several others.
United Rentals, headquartered in Stamford, Connecticut, is the world’s largest equipment rental company, serving a diverse range of industries including construction, industrial, utilities, and government. Founded in 1997, United Rentals has grown through strategic acquisitions and organic expansion to establish a vast network of over 1,465 rental locations across North America and Europe. The company offers an extensive fleet of rental equipment, including aerial work platforms, forklifts, excavators, generators, and more, providing customers with access to a wide array of tools and machinery for their projects.
The 7,529 square-foot building benefits from its proximity to Highway 255 (30,990 VPD) and Highway 53 (31,088 VPD), two of the area’s primary thoroughfares into Huntsville. According to CoStar, the surrounding household growth will increase by 12.8% over the next five years. In recent years, Huntsville has become a rapid growing city due to the low cost of living and significant federal investments in defense, aerospace, and R&D. Currently, there are over 100,000 people living within a five-mile radius that earn an average household income of $94,737. The asset is located in an industrial corridor with established tenants such as Ferguson Plumbing Supply, Axion Corporation, Copart, Mingledorff’s, SiteOne Landscape Supply, Beacon Building Products, SRM Concrete, and several others.
United Rentals, headquartered in Stamford, Connecticut, is the world’s largest equipment rental company, serving a diverse range of industries including construction, industrial, utilities, and government. Founded in 1997, United Rentals has grown through strategic acquisitions and organic expansion to establish a vast network of over 1,465 rental locations across North America and Europe. The company offers an extensive fleet of rental equipment, including aerial work platforms, forklifts, excavators, generators, and more, providing customers with access to a wide array of tools and machinery for their projects.
Property Facts
| Price | $3,145,000 | Lot Size | 3.10 AC |
| Price Per SF | $418 | Rentable Building Area | 7,529 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.25% | Year Built | 2008 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Opportunity Zone |
Yes
|
| Building Class | B |
| Price | $3,145,000 |
| Price Per SF | $418 |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 3.10 AC |
| Rentable Building Area | 7,529 SF |
| No. Stories | 1 |
| Year Built | 2008 |
| Tenancy | Single |
| Opportunity Zone |
Yes |
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PROPERTY TAXES
| Parcel Number | 14-04-18-0-003-054.000 | Improvements Assessment | $71,680 |
| Land Assessment | $25,880 | Total Assessment | $97,560 |
PROPERTY TAXES
Parcel Number
14-04-18-0-003-054.000
Land Assessment
$25,880
Improvements Assessment
$71,680
Total Assessment
$97,560
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United Rentals | 376 Dan Tibbs Rd NW
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