Herc Rentals — Sale in Ammon, ID

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Ammon, ID 83401
  • Year built: 2015

Photos

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Investment Figures

Cap rate
6.40%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

This is a single-tenant net lease investment opportunity at 2727 14th N, Ammon, ID, occupied by Herc Rentals, Inc. (NYSE: HRI), the 3rd largest equipment rental company in the U.S., priced at $3,810,000 with a 6.40% cap rate and $243,916 in NOI. The property sits on a ±3.68-acre site in Ammon's Lincoln's Industrial Park, featuring a ±12,000 SF facility built in 2015 and renovated in 2024 with $850K in improvements tailored to the tenant's specifications. The original 10-year NNN lease has 7+ years remaining, features minimal landlord responsibilities, 3% annual rent increases, and four 5-year renewal options extending through the mid-2050s. Located in the Idaho Falls, ID MSA (~162,000 population, 3rd largest metro in Idaho, growing ~2% annually), the property benefits from quick access to I-15 & US-20/26, proximity to Idaho Falls Regional Airport (6.6 miles, the state's second-busiest), and nearby demand drivers including the proposed $60M Ammon Town Center mixed-use development. Herc Rentals acquired the former tenant, H&E Equipment Services, in a $5.3 billion merger completed in June 2025, and the parent company posted $4.376 billion in 2025 total revenue with 609+ locations across North America, underscoring strong corporate credit backing the lease. Investment Highlights: • •Corporate Lease with Herc Rentals, Inc | NYSE: HRI -3rd Largest Equipment Rental Company in the U.S. • •Original 10-Yr NNN Lease| Minimal LL Responsibilities -7+ Years Remaining | 3% Annual Rental Increases • •Former Tenant Acquired via a $5.3 Billion Merger -Herc Purchased H&E Equipment Services June 2025 • •Newly Renovated Facility | $850K in Improvements '24 -Built Out to Fully Accommodate Tenant's Specifications • •Located in Ammon's Lincoln's Industrial Park -Quick Access to I-15 & US-20/26 • •Proximity to Idaho Falls Regional Airport | 6.6 Miles -Second-Busiest Airport in Idaho • •Idaho Falls, ID MSA | Population Growing 2% Annually -~162,000 Population | 3rdLargest Metro in Idaho • •

Market Context

This industrial in Ammon, ID is listed for sale. It is offered at an approximate 6.4% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 2015. Compare it against other industrial listings for sale in Ammon, ID — view the full market.

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