PROPERTY SUMMARY

Empower Rental Group, one of the fastest-growing equipment rental companies in the U.S., has expanded to over 40 locations in the past three years and continues to grow rapidly. The subject property, built in 2019, features a ±14,456 square foot building on ±3.5 acres of land. With a low Foundation Area Ratio (FAR) of 9.48%, the site offers ample yard space for industrial outdoor storage (IOS), a highly desirable asset class in today’s market. Strategically located along Highway 82 between the expanding Texas markets of Sherman and Whitesboro, the property is well-positioned to benefit from future infrastructure improvements, including the northward extension of the Dallas North Tollway and ongoing widening of US-75. The area is also experiencing significant investment, such as the $30 billion semiconductor facility under construction by Texas Instruments. The property is secured by a five-year NNN lease with Empower Rental Group, effective April 2022 through April 2027, with two additional five-year extension options, and requires minimal landlord responsibilities.