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6331 Liberty Rd
Houston, TX 77026
United Rentals · Industrial Property For Sale
Investment Highlights
- World’s Largest Equipment Rental Company | Corporate Guarantee | NYSE: URI
- Mission-Critical Regional Facility | Significant Tenant Investment
- Premier Northeast Houston Location | Rail-Served | Strong Logistics Market
- Well Below-Market Rent | Modified Gross Lease | 2% Annual Increases
- Low-Coverage Industrial | 7.54 Acres |Industrial Outdoor Store Optionality
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a modified gross leased, United Rentals investment property located in Houston, Texas. The tenant currently has 3+ years remaining with one (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and throughout the options thereafter, steadily growing NOI and hedging against inflation. The lease is a modified gross with landlord responsibilities limited to real estate taxes, roof, exterior and load-bearing walls and foundation making it an ideal, low-management investment opportunity for a passive investor. URI has invested approximately $3-$4M of its own capital into the site over the past several years, underscoring long-term commitment to the location. In-place rent is considered below market, offering meaningful mark-to-market and residual upside. United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,658 rental locations in North America.
Property Facts
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1981 |
| Property Subtype | Truck Terminal | Tenancy | Single |
| Building Class | C | Parking Ratio | 2.02/1,000 SF |
| Lot Size | 7.54 AC | No. Dock-High Doors/Loading | 2 |
| Rentable Building Area | 47,500 SF | No. Drive In / Grade-Level Doors | 2 |
| Zoning | General Commercial | ||
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Truck Terminal |
| Building Class | C |
| Lot Size | 7.54 AC |
| Rentable Building Area | 47,500 SF |
| No. Stories | 1 |
| Year Built | 1981 |
| Tenancy | Single |
| Parking Ratio | 2.02/1,000 SF |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | General Commercial |
Amenities
- Fenced Lot
Property Taxes
| Parcel Number | 0402640020011 | Improvements Assessment | $2,737,109 CAD |
| Land Assessment | $2,316,666 CAD | Total Assessment | $5,053,775 CAD |
Property Taxes
Parcel Number
0402640020011
Land Assessment
$2,316,666 CAD
Improvements Assessment
$2,737,109 CAD
Total Assessment
$5,053,775 CAD
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