Sunbelt Rentals 6180 American Rd

CBRE, on behalf of ownership, is pleased to exclusively offer the fee simple interest in a Sunbelt Rentals in Toledo, Ohio. The 29,397 square foot property sits on 2.8 acres. The property is subject to a double net lease with over nine years of firm term remaining. The lease features 10% rent increases every five years throughout the base term and options. There is a corporate guarantee from Sunbelt Rentals which is the second largest equipment rental company in the U.S. with over 1,200 locations nationally. Sunbelt Rental’s parent company, Ashtead Group, is rated investment grade “BBB-“ by Standard & Poor’s and is listed on the OSTC Markets Group Exchange under the ticker “ASHTY.” 
The subject property is located within an industrial park near the Ohio and Michigan state border. The site benefits from proximity to other industrial uses including Excel Toledo, LKQ Heavy Truck, J&D Core Supply, Top Notch Novelty, Northern Steel Transport and many more. The property is also positioned near major national retailers including Menards, Meijer, ALDI, Wendy’s, McDonald’s, Arby’s, AutoZone and more. Additionally, Sunbelt Rentals has access to a large consumer base with over 50,000 households within five miles of the subject property. Toledo serves as the fourth largest city in Ohio and is strategically positioned on major highways connecting larger metro areas such as Detroit, Chicago, Pittsburgh, and New York. The city’s location near the crossroads of these major interstates as well as several critical rail-lines and shipping lanes on Lake Erie has led to the continued development of manufacturing and supply chain related businesses as well as the recent emergence of a transportation and logistics cluster in the region.