SUNBELT RENTALS
3525 PARK AVE, PADUCAH, KY 42001
SUNBELT RENTALS
MARKETING PACKAGE TABLE OF CONTENTS 03 Investment Summary 04 Lease Summary 05 Rent Schedule 06 Retail Aerial 08 Site Plan 09 About the Brand 10
Location Overview
CONTACT INFORMATION
vince saucer Senior Associate (424) 325-2617
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3525 PARK AVE, PADUCAH, KY 42001
SUNBELT RENTALS
INVESTMENT SUMMARY Tenant
Sunbelt Rentals
Street Address
3525 Park Ave
City State Zip GLA Lot Size Year Built
Paducah KY 42001 6,500 SF
$
$1,316,072 LIST PRICE
% 5.50% CAP RATE $
$72,384
NET OPERATING INCOME
2.98 AC
Price / SF
$202.47
2002
Rent / SF
$11.14
Strong Corporate Guarantee Sunbelt Rentals is one of the largest equipment rental companies in the United States and Canada. They currently have over 900+ locations with over 15,000 employees. National Brand Recognition Sunbelt Rentals provides equipment solutions for customers in the industrial, residential, commercial and specialized service industries. Sunbelt Rentals fleet includes a wide range of general construction equipment which includes climate control, pump & power, flooring solutions, oil & gas and scaffold & industrial services. Site Location The subject property is situated in a dense industrial sector near Lamar Advertising, Jason Collision Center, Surplus Sales, Paducah Ford, Inc and Paducah Battery Supply.
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3525 PARK AVE, PADUCAH, KY 42001
SUNBELT RENTALS
LEASE SUMMARY Lease Type Type of Ownership
Double-Net (NN) Fee Simple
Real Estate Taxes
Tenant Responsible
Insurance
Tenant Responsible
Original Lease Term
5 Years
Roof & Structure
Landlord Responsible
Commencement Date
4/1/2015
Lease Guarantor
Corporate
Lease Expiration
3/31/2025
Company Name
Sunbelt Rentals
Term Remaining
4.5+ Years
Ownership
Increases
None
Years in Business
Options
None
Number of Locations
Public 37 900+
Demographics The area has healthy demographics with over 42,000 people within a 5-mile radius and a healthy average household income of $66,630. Recently Renewed Lease Sunbelt Rentals recently renewed the lease, showing a long-term commitment to this location. Excellent Site Visibility The subject property is located right next to Hwy 60, which sees 20,000+ vehicles per day.
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3525 PARK AVE, PADUCAH, KY 42001
SUNBELT RENTALS
RENT SCHEDULE Period
Term
Annual Rent
Monthly Rent
Increase
CAP Rate
4/1/2020 - 3/31/2025
1st Option
$72,384
$6,032
-
5.50%
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3525 PARK AVE, PADUCAH, KY 42001
SUNBELT RENTALS
RETAIL AERIAL
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3525 PARK AVE, PADUCAH, KY 42001
SUNBELT RENTALS
RETAIL AERIAL
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3525 PARK AVE, PADUCAH, KY 42001
SUNBELT RENTALS
SITE PLAN
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3525 PARK AVE, PADUCAH, KY 42001
SUNBELT RENTALS
ABOUT THE BRAND Sunbelt Rentals One rental partner does it all. As the premiere rental equipment company in North America, Sunbelt Rentals offers a highly diversified product mix including general construction equipment, industrial tools, pumps, power generation, climate control & HVAC, shoring solutions, scaffolding, remediation & restoration equipment, and more.
900+
15,000+
$5 Billion
02
NUMBER OF LOCATIONS
$
ANNUAL REVENUE
NUMBER OF EMPLOYEES
RENTAL EQUIPMENT REGISTER RANK
Headquartered in Fort Mill, S.C., Sunbelt Rentals is No. 2 on the RER 100, making it one of the most profitable rental companies. Their parent company Ashtead PLC is a British industrial equipment rental company based in the City of London. Ashtead was founded in 1947 and is listed on the London Stock Exchange. In 1990, it bought Sunbelt Rentals. Sunbelt Rentals constantly advance the idea of what an equipment rental company can do for its customers, through unmatched customer solutions, uncompromising customer safety, and continuous innovation. Sunbelt Rentals has the latest equipment rental technology, more than 900 locations throughout the U.S. and Canada for pick-up or delivery, 550,000 units in their rental fleet, over 15,000 passionate employees with a “make it happen� attitude, and a culture of safety. Sunbelt Rentals Revenue Jumps 20.1% in Fiscal 2019 Sunbelt Rentals U.S. posted $5 Billion in revenue in full year fiscal 2019 compared to $4.1 Billion in full year fiscal 2018, a 20.1% year-over-year increase.
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3525 PARK AVE, PADUCAH, KY 42001
SUNBELT RENTALS
LOCATION OVERVIEW Paducah, KY Paducah is a home rule-class city and the county seat of McCracken County Kentucky. The largest city in the Jackson Purchase region, it is located at the confluence of the Tennessee and the Ohio rivers, halfway between St. Louis, MS and Nashville Tennessee. Paducah is also the headquarters of a variety of different nationally recognized brands. Dippin’ Dots, the Paducah & Louisville railway and several barge companies are some of the few companies that are headquarter in the city. The City of Paducah is home to 25,000 residents and its encompassing McCracken County with a total of 65,000 residents who enjoy an affordable cost of living, a fraction of the national average. Barkley Regional Airport has frequent flights to and from Chicago making Paducah easily accessible to major metropolitans across the U.S. Ranked as one of the best places to live in Kentucky, Paducah’s artistic and historic culture is woven into its community.
There is truly something for everyone—the lover of the arts, dedicated foodie and outdoor explorer. Downtown Paducah is home to historic architecture and emblems and is listed on the National Register of Historic Places. Paducah is a UNESCO Creative City of Crafts & Folk Art and home to a state-of-the-art performing arts center, the National Quilt Museum and award-winning cuisine. No matter what season you visit, there is a festival or event to attend including the Lower Town Arts & Music Festival in the spring and Barbecue on the River in the fall. Paducah’s river port was ranked 2019 Boaters’ Choice Award for Transient Boat Dock and the city is a short drive to Land Between the Lakes, Kentucky Lake and Lake Barley, one of the largest freshwater waterways in the U.S.
University of Kentucky (Paducah Campus)
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University of Kentucky (Paducah Campus) The University of Kentucky, in collaboration with West Kentucky Community and Technical College, offers bachelor’s degrees in nine undergraduate studies: biosystems engineering, chemical engineering, civil engineering, computer engineering, computer science, electrical engineering, materials engineering, mechanical engineering and mining engineering.
3525 PARK AVE, PADUCAH, KY 42001
SUNBELT RENTALS
LOCATION OVERvIEW 1.
University of KY (Paducah Campus) 4810 Alben Barkley Dr, Paducah, KY 42002 3.5 MILES FROM SUBJECT PROPERTY
2. Fort Massac State Park 1308 E. 5th St, Metropolis, IL 62960 11 MILES FROM SUBJECT PROPERTY
3. The National Quilt Museum 215 Jefferson St, Paducah, KY 42001 4.4 MILES FROM SUBJECT PROPERTY
4. River Discovery Center 117 S. Water St, Paducah, KY 42001 5.4 MILES FROM SUBJECT PROPERTY
5. Purple Toad Winery 4275 Old US Hwy 45 S, Paducah, KY 42003 6.5 MILES FROM SUBJECT PROPERTY
6. Bob Noble Park 2801 Park Ave, Paducah, KY 42001 1.4 MILES FROM SUBJECT PROPERTY
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3525 PARK AVE, PADUCAH, KY 42001
SUNBELT RENTALS
LOCATION OVERvIEW
01 UNIVERSITY OF KY (PADUCAH CAMPUS)
This university offers bachelor’s degrees in nine Engineering studies.
02 FORT MASSAC STATE PARK
This 1,450 Acre park was a French colonial and early national-era Fort.
04 RIVER DISCOVERY CENTER
The museum offers exhibits of the Nation’s Vital river systems.
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03 THE NATIONAL QUILT MUSEUM
This art museum exhibits fiber art & quilting from around the world.
05 PURPLE TOAD WINERY
This Winery offers fun activities that include tours and wine tastings.
06 BOB NOBLE PARK
The 135-Acre park features fishing piers, play areas and sport facilities.
3525 PARK AVE, PADUCAH, KY 42001
SUNBELT RENTALS
DEMOGRAPHICS POPULATION
1-Mile
3-Mile
5-Mile
2025 Projection
2,405
23,249
42,399
2020 Estimate
2,399
23,035
42,202
2010 Census
2,467
22,864
42,157
Growth ‘20 - ‘25
0.25%
0.93%
0.71%
Growth ‘10 - ‘20
-2.76%
0.75%
0.13%
1-Mile
3-Mile
5-Mile
2025 Projection
1,059
10,702
18,959
2020 Estimate
1,057
10,597
18,896
2010 Census
1,085
10,473
18,837
Growth ‘20 - ‘25
0.19%
0.99%
0.71%
Growth ‘10 - ‘20
-2.58%
1.18%
0.06%
Average Income
$106,370
$69,902
$66,330
Median Income
$56,837
$43,968
$42,580
HOUSEHOLDS
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3525 PARK AVE, PADUCAH, KY 42001
SUNBELT RENTALS
DISCLAIMER
The information contained in this Marketing Brochure has been obtained from sources believed to be reliable, but the accuracy or completeness of the information contained therein cannot be guaranteed. James Capital Advisors, Inc. & Gordon Hoagland (“Broker”) has not, and will not, verify any of this information, nor has Broker conducted, nor will it conduct, any investigation regarding these matters. Broker makes no representations, guarantees, or warranties of any nature about the accuracy or completeness of any information provided. The information provided in this brochure is in no way a substitute for a thorough due diligence investigation by Buyer. Broker has made no investigation of, and has made no representations, guarantees, or warranties of any nature, with regard to income and expenses for this property nor the future financial performance of the property. In addition, Broker has made no investigation of, and has made no representations, guarantees, or warranties as to the size and square footage of the property, the presence of any contaminating substances at the property, the physical condition of the property or compliance with any State, Local or Federal regulations. In addition, Broker has made no investigation of, and has made no representations, guarantees, or warranties of any nature, with regard to the financial condition or future financial condition of any tenants, nor any future plans or intentions of tenants with regard to the continued occupancy of the property. All parties are aware that Broker has no affirmative obligation to conduct a due diligence examination of the property for any Buyer. Any and all projections or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. Therefore, Broker assumes no legal responsibility for accuracy or completeness of this information, and expressly disclaims all representations, guarantees, or warranties related thereto. The value of the property to any Buyer depends on numerous factors that must be evaluated by Buyer and Buyer’s legal, tax, construction, and financial advisors. Buyer and Buyer’s advisors should conduct a thorough, independent investigation of the property to determine its suitability for Buyer’s intended usage. This investment, as with all real estate investments, carries a substantial risk. As such, Buyer and Buyer’s legal and financial advisors are strongly advised to request and review all legal and financial documentations related to the property and tenants. A tenant’s past performance is not a guarantee of future performance. The lease rate stated for some properties may be based on a tenant’s projected sales with little or no record of actual performance or comparable rents for the area in question. Returns are in no way guaranteed. Tenants may fail to pay the rent or property taxes or any other tenant obligations under the terms of the lease or may default under the terms of such lease. Regardless of tenant’s history of performance, and/or any lease guarantors and/or guarantees, Buyer is responsible for conducting Buyer’s own investigation of all matters related to any and all tenants and lease agreements. Broker is not, in any way, responsible for the performance of any tenant or for any breach or default by any tenant of any terms of any lease agreement related to the property. Further, Buyer is responsible for conducting Buyer’s own independent investigation of all matters related to the value of the property, including, but not limited to, the value of any long-term leases. Buyer must carefully evaluate the possibility of tenants vacating the property or breaching their leases and the likelihood and financial impact of being required to find a replacement tenant if the current tenant should default and/or abandon the property. Buyer must also evaluate Buyer’s legal ability to make alternate use of the property in the event of a tenant abandonment of the property.
CONFIDENTIALITY This Marketing Brochure and the information contained within, is propriety and strictly confidential. It is intended to be used only by the party receiving it from Broker. It should not be made available to any other person or entity without the express written consent of Broker.
RELEASE This Marketing Brochure has been prepared to provide basic, unverified information for prospective purchasers. By accepting this Marketing Brochure, the recipient agrees to release and hold harmless Broker from any claim, demand, liability or loss arising out, or relating in any way, to the information contained in this Marketing Brochure and from Buyer’s investigation of the property. In no event shall James Capital Advisors, Inc. or Broker be liable to any party for any direct, indirect, special, incidental, or consequential damages of any kind whatsoever arising out of the use of this Marketing Brochure or any information contained herein.
NON-ENDORSEMENT Broker is not affiliated with, endorsed by or sponsored in any way by any tenant or lessee identified in this Marketing Brochure. The presence of any entity’s logo or name is not intended in any way to indicate affiliation, sponsorship or endorsement by said entity of Broker.
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www.jamescapitaladvisors.com
@jamescapitaladvisors
SUNBELT RENTALS
CONTACT INFORMATION LISTING AGENT
vince saucer
Senior Associate (424) 325-2617 vince@jamescapitaladvisors.com CA RE Lic. 01935636 BROKER OF RECORD
Gordon Hoagland
White Oak Commercial Real Estate, LLC (502) 387-1734 ghoagland@whiteoakcre.com KY RE Lic #: 217910 CORP. Lic #: 239427
James Capital Advisors, Inc.
www.jamescapitaladvisors.com
@jamescapitaladvisors