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212 Lime Quarry Rd, Madison, AL, 35758

HERC RENTALS
$2,500,000

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Highlights

INVESTMENT HIGHLIGHTS

  • STRONG CORPORATE GUARANTEE
    ○ Herc Holdings, Inc. (NYSE: HRI) is a publicly traded company with 453 locations across North America and 2024 annual revenues exceeding $3.56 Billion.
  • HIGHLY DESIRABLE INDUSTRIAL MARKET / STRATEGIC LOCATION
    ○ Strategically located in Madison, AL, one of the fastest-growing industrial submarkets in the Huntsville MSA, the subject property offers exceptional visibility along both I-565 and Madison Blvd, with combined traffic counts
    exceeding 101,000 vehicles per day. This high-exposure corridor continues to attract national industrial users and
    benefits from strong regional demand driven by Huntsville’s expanding logistics and aerospace sectors.
  • SIGNIFICANT VALUE-ADD OPPORTUNITY
    ○ In-place rents are meaningfully below market at just $6.41/SF/year. With approximately 1.3 years remaining on the lease and no renewal options, the property presents a compelling value-add opportunity, ideal for an investor seeking to capture immediate upside through a lease-up at market rates, or for an owner/user seeking a high-visibility location in a supply-constrained corridor.
  • 19-YEAR OPERATING HISTORY
    ○ Herc Holdings, Inc., formerly Hertz Equipment Rental, has operated at this location since 2006, executing multiple lease extensions over that time. Their long-term occupancy reflects both sustained business success and their commitment to this specific location.

Location

Agents

Broker of Record

Hutt Cooke

License # 000110253 - 0 (AL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203

Key Information

Cap Rate
3.4%
$ per SF
$188
Tot. SF
13,276
Year Built
1980
Term Remaining
±1.3 YRS
Type
Industrial
NOI
$85,039