UNITED RENTALS (FOREST HILL, TX)
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- Close Proximity to All Major Highways in Fort Worth
- Minutes from Fort Worth Meacham International Airport and DFW International Airport
- National Credit Tenant – United Rentals is the Largest Equipment Rental Company in North America
- Four Years Remaining on Lease
- Annual Bumps in Rental Rate and Three Five-Year Renewal Options
- Occupancy Rate in Submarket is Over 96%
Marcus & Millichap is pleased to present the opportunity to acquire the United Rentals property, located at 6212 Anglin Drive in Forest Hill, Texas. The subject property consists of approximately 13,635 square feet and is situated on approximately 2.16 acres of land. Built in 1978, the subject property features over 1.5 acres of fenced outside storage in a submarket with an occupancy rate over 96 percent. The asset is in close proximity to all major Fort Worth highways, and is minutes from Fort Worth Meacham Airport and DFW International Airport. The national credit tenant, United Rentals, is the largest equipment rental company in North America and has four years remaining on the lease with annual bumps in rental rates and three five-year renewal options.
With 880+ locations, United Rentals is in 49 states and 10 Canadian provinces to access the world’s largest fleet of rental equipment for industrial operations and commercial contractors. Their wide-range of industrial, commercial and construction rental solutions include everything from fleet and tool management to onsite rapid response service. United Rentals 2018 total revenues reached $8.047 billion while employing 18,500 people. The company has been awarded as a top veteran employer by U.S. Veterans Magazine and MilitaryTimes.com. www.unitedrentals.com
The Dallas/Fort Worth metroplex is the fourth-most populous metro in the nation with an aggregate of more than 7.1 million residents. It is composed of 13 counties stretching nearly 10,000 square miles. The city of Dallas houses 1.3 million people, followed by Fort Worth with 800,000 residents. Strong job growth continually draws new residents to the region. To accommodate the additional traffic, the region’s transportation network is evolving. Traffic flow is improved as freeways are expanded and miles are being added to tollways and turnpikes. The growth of the transportation network is vital to supporting commuters to the metros numerous corporations and growing industries. Dallas/Fort Worth’s population growth in recent years ranks among the highest in the U.S. for a major metro. The Metroplex is home to 21 Fortune 500 companies and many regional headquarters, drawing workers and residents. The area’s extensive network of rail and highways, along with the International Inland Port of Dallas, ensure its status as a distribution hub.