United Rentals | Single-Tenant Industrial Investment

Highlights:

• Single-tenant United Rentals investment opportunity located at 1609 33rd Street SW in Minot, North Dakota
• ±9,907 SF industrial service / repair facility situated on ±1.895 acres
• 100% leased to United Rentals Realty, LLC
• Approximately 15 years of operating history at this location, with the original lease commencing in September 2011
• Tenant recently exercised its five-year extension option, extending the lease term through September 30, 2031
• Current rent is $9,265/month through September 30, 2026
• Rent increases 10% to $10,191.50/month beginning October 1, 2026
• Priced at an 8.00% cap rate on October 2026 rent, with yield growing to 8.80% in the option period
• One remaining five-year renewal option
• Functional service / warehouse facility with office component, gravel yard / parking area, and drive-in access
• Net-leased structure provides stable cash flow with limited landlord responsibilities
• Opportunity to acquire a nationally recognized tenant in a smaller-market industrial investment
• Located in southwest Minot, the property benefits from access to the city's commercial, contractor, and industrial user base. Minot serves as a regional hub for north-central North Dakota, supporting agriculture, construction, energy, logistics, and service-related businesses throughout the broader trade area.

Description:

United Rentals | Single-Tenant Industrial Investment

Located in southwest Minot, the property benefits from access to the city’s commercial, contractor, and industrial user base. Minot serves as a regional hub for north-central North Dakota, supporting agriculture, construction, energy, logistics, and service-related businesses throughout the broader trade area.

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