Brand-new, built-to-suit construction asset
Corporately guaranteed lease from Sunbelt Rentals, Inc.
New, 10-year lease with minimal Landlord responsibilities
Rare, attractive rental increases | There are 3% increases in Years 4 & 5,vfollowed by 2% annual increases, thereafter | Yields an average CAP of 6.74% over the base term, assuming purchase at List Price
Site is walking distance to numerous major shopping centers and points of interest, including:
Eastland Mall | 1MM+ SF shopping mall anchored by Dillard’s, Macy’s, and JCPenney
Lloyd Crossing | 540,000 SF shopping center anchored by Home Depot and Walmart Supercenter | Other tenants include PetSmart, Burlington, Kohl’s, Party City, and Staples
Evansville Pavilion | 410,500 SF shopping center anchored by Target, T.J. Maxx, and HomeGoods
A Sam’s Club-anchored shopping center
A shopping center anchored by Academy Sports, Fresh Thyme, and Marshalls
A Lowe’s and ALDI-anchored shopping center
A Costco-anchored shopping center
Shoe Carnival Towne Center | 202,500+ SF shopping center anchored by Shoe Carnival and JOANN Stores
A Menards and Meijer-anchored shopping center
East Lloyd Commons | 160,000 SF shopping center anchored by DICK’S and Best Buy
Eastland Shoppes | Gabe’s-anchored shopping center
A major auto dealer corridor that includes Mercedes-Benz, Honda, Kia, Mazda, Chevy, Hyundai, Nissan, among others
I-69 which is a main thoroughfare connecting Evansville to Indianapolis
Harrison high school | ±1,200 students
Dense area | 55,600+ residents within a 3-mile radius
Sunbelt rentals is a leader in the equipment rental industry with 1,200+ locations nationwide
They are the 2nd largest equipment rental company in the world with a market cap of $28.9b+ (as of 12/16/24)
Ashtead group, sunbelt’s parent company, holds a credit rating of BBB- (S&P)
The company plans to grow revenue 30%+ over the next 5 years
Rent increases: 3% in years 4 & 5; 2% annually thereafter
Landlord Responsibilities: Roof, Structure, & Parking lot