7601 Theodore Dawes Rd

• STRONG CORPORATE GUARANTEE / INVESTMENT GRADE PARENT COMPANY – Sunbelt Rentals is a leader in the equipment rental industry who continues to expand their presence throughout the country. With over 1,200 locations nationwide, Sunbelt is the second largest equipment rental company in the world with a current valuation of $27.23B. Ashtead Group, Sunbelt’s parent company, is an investment grade tenant (BBB Credit Rating).
• NEWLY RENOVATED FUNCTIONAL IOS INDUSTRIAL – Fully Renovated in 2024, this highly functional ±5,021 SF facility with three (3) grade level doors is situated on a huge ±6.00 AC lot (1.93% Building/Lot Coverage) allowing for significant Industrial Outdoor Storage (IOS) capabilities – one of the most sought-after asset classes in today’s market. The recent renovation included:
o Complete Facility Renovation (new lighting, paint, flooring, bathrooms, showroom, offices, etc.)
o Installation of two (2) new roll-up grade level doors
o Concrete apron around the facility. Asphalt and crushed concrete over the yard
o New chain-link cantilever gate and fencing
o Seal coat and striped parking lot
o New landscaping around the perimeter
• PASSIVE LEASE – 3% ANNUAL RENT INCREASES – Sunbelt Rentals, Inc. signed a new 7-year Industrial NNN lease in 2024 and features favorable 3.00% annual rent increases providing a strong hedge against inflation.
• STRATEGIC I-10 LOCATION – The subject property is located within a mile of Interstate 10, the primary U.S East-West route that runs over 2,460 miles connecting California, Arizona, Texas, Louisiana, Mississippi, Alabama and Florida. The site’s proximity to the I-10 provides convenient access to nearby transportation hubs such as Brookley Aeroplex/Mobile International Airport and the Port of Mobile.
• PRIME PORT LOCATION – The Port of Mobile is ranked as one of the top Ports nationally in terms of trade volume and the scope of connectivity at the port allows distributors to reach 50% of the U.S. population within 48 hours of unloading their cargo. As of September 2024, The Alabama Port Authority announced that the project to make the Port of Mobile the deepest port in the Gulf of Mexico is in its sixth and final phase and is expected to be completed in the first half of 2025. The broader and deeper port will bring more economic opportunities to the state of Alabama and the United States as a whole.