Salem, NH - Sunbelt Rentals OM

OFFERING MEMORANDUM

S UNB ELT R EN TA LS

343 MAIN STREET | SALEM, NH 03079

Exclusively Marketed By:

Paul Z. Matysek, CCIM 310.405.0902 paul@ Broker License # 01757671

Listed in conjunction with NH Broker of Record REF Advisory LLC

REPRESENTATIVE IMAGE

EXECUTIVE SUMMARY

INVESTMENT SUMMARY

Tenant

Sunbelt Rentals

Property Address

343 Main St Salem, NH 03079

Property Type

Single Tenant Retail

Price

$2,087,000

Price/SF/Bldg

$260.88

Net Operating Income

$120,000

CAP Rate

5.75%

Lease Type

NN+

Roof Replacement

Landlord (Maintenance is Tenant)

Lease Guarantor

Corporate Guarantee

Lease Term Remaining

5.0 Years

Occupancy

100%

Building Size

8,000 SF

Land Size

490,769 SF

Year Built / Renovated

1988

APN

SLEM M:75 B:7332 L:

Zoning

B2

SUNBELT RENTALS

INVESTMENT HIGHLIGHTS

NN+ Lease. Tenant reimburses all operating expenses, maintains roof, parking lot. LL has roof replacement responsibility and structural responsibility

Strong Tenant Sunbelt Rentals has over 700 locations nationwide

Average household income exceeds $115,000 in a 3 mile radius with over 30,000 people

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RENT ROLL

Tenant

SF

% of GLA Monthly

Rent

PSF

Annual

Sunbelt Rentals 8,000 100% $10,000 $1.25 $120,000

PSF $15.00

TOTAL

8,000 100% $10,000

$120,000

Lease Dates

Start

End

Increase Schedule

7/1/2019 6/30/2024 3% Annual

Lease Type

Renewal Options

NNN

Three 5-Year @3% Annual Inceases

SUNBELT RENTALS

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TENANT INFO

# OF LOCATIONS 700

Sunbelt Rentals is one of the largest equipment rental companies in the United States and Canada. Backed by a network of 800 locations and growing, Sunbelt Rentals provides equipment rental solutions for customers in the commercial, residential, industrial, municipal and specialized service industries, as well as weekend do-it-yourselfers.

Sunbelt Rentals' extensive fleet includes a wide range of general construction equipment which is further broadened by the product offering including Climate Control, General Tools & Equipment, Pump & Power, Ground Protection, Flooring Solutions, Oil & Gas, Pile Driving, Scaffold and Industrial Services. In addition, we offer Load Banks, Cooling Tower Services, Entertainment Services.,

For more information, visit .

REVENUE 3.2 Billion

HEADQUARTERS Fort Mill, SC

SUNBELT RENTALS

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AREA OVERVIEW

Salem, NH

Salem is a town in Rockingham County, New Hampshire, United States. The population was 28,776 at the 2010 census. Being located on Interstate 93 as the first town in New Hampshire, which lacks any state sales tax, Salem has grown into a commercial hub, anchored by the Mall at Rockingham Park. Other major sites include the Canobie Lake Park, a large amusement park, and America's Stonehenge, a stone structure of disputed origins. It is the former home of Rockingham Park, a horse racetrack. The Sununu political family hails from Salem, including former New Hampshire governor and White House Chief of Staff John H. Sununu, and his sons John E. Sununu, a former U.S. senator, and Chris Sununu, current New Hampshire governor.

Population change for Salem totaled 19,836 over 57 years, the sixth largest numeric change, from 9,210 in 1960 to 29,046 in 2017. The largest decennial percent change was an increase of 119 percent between 1960 and 1970. The next largest percent increase, of 20 percent, occurred between 1970 and 1980. The 2017 Census estimate for Salem was 29,046 residents, which ranked seventh among New Hampshire's incorporated cities and towns.

1,170.7 persons per square mile of land area, the seventh highest among the cities and towns. Salem contains 24.8 square miles of land area and 1.0 square miles of inland water area.

SUNBELT RENTALS

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