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UNITED RENTALS201 N Sara Rd • Yukon, OK 73099
Exclusive Listing
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UNITED RENTALS
Yukon, OK
ACT ID ZAA0210068
N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E
Non-EndorsementsMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any
corporation's logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or
subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information
about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.
PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
DisclaimerTHIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS OF VALUE AND SHOULD NOT BE CONSIDERED AN APPRAISAL. This information has
been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References
to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus &
Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.
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P R E S E N T E D B Y
Brendan Powell
First Vice President Investments
Director - Net Leased Properties Group
Portland Office
Tel: (503) 200-2047
Fax: (503) 200-2010
License: OR 201002133
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INVESTMENT SUMMARY
UNITED RENTALS
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UNITED RENTALS – 201 N. Sara Road Yukon, OK 73099
PRICING DETAILS
Price $2,650,000
Net Operating Income $229,801
Cap Rate 8.67%
Initial Term Blended Cap Rate 9.16%
Lot Size 2.50 Acres
Net Rentable Area 7,450 SF
Tenant United Rentals
Lease Term 5 Years
Lease Type Triple‐Net (NNN)
Lease Expiration 5/31/2024
Renewal Options Two 5‐year
Increases 2.75% Annually
Roof & Structure Landlord Responsible
Lease Term Annual Rent
Year 1 $229,801
Year 2 $236,120
Year 3 $242,614
Year 4 $249,286
Year 5 $256,141
Renewal Option 1 $263,185
Renewal Option 2 $337,419LEASE SUMMARY
Annualized Operating Data
Marcus & Millichap is pleased to exclusively present for sale United Rental of Yukon, Oklahoma. United Rentals occupies the 7,450 square-
foot facility, that is sitting on 2.5 acres of land. The property is located just off of Interstate 40 and the Kilpatrick Turnpike and is 12 Miles West
of Oklahoma City. The Tenant (formerly RSC) has occupied the property since it was built in 2009 and in January of 2019 they executed one
of their three 5-year lease renewal options that includes 2.75% annual rent escalations. The property is on a triple-net lease with minimal
landlord responsibilities. United Rentals is the largest equipment rental company in North America, this Fortune 500 publicly traded company
operates 1,180+ locations and did $8.05 Billion in revenue in 2018.
FINANCIAL ANALYSIS
UNITED RENTALS
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INVESTMENT HIGHLIGHTS
Corporate Guarantee with Largest Equipment
Rental Company in North America -
Minimal Landlord Responsibility - Landlord
Responsible for Structural Elements of the
Building
Tenant Just Exercised a 5-Year Lease Renewal
with 2.75% Annual Rent Escalations
Publicly Traded on the New York Stock
Exchange (NYSE:URI)
Yukon is Part of Canadian County - The
Fastest Growing County in Oklahoma
Quick Access to Interstate 40 and Kilpatrick
Turnpike (VPD)
Parent Company United Rentals, Inc.
Ownership Public
Stock Symbol NYSE: URI
Total Revenue ‐2018 $8.05 Billion
Number of Locations 1,186
Credit Rating Standard and Poor’s: BB
Website www.unitedrentals.com
TENANT SUMMARY
LOCATION OVERVIEW
The United Rentals Property is located at 201 N Sara Road
and is less than ½ mile from the on-ramp / off-ramp to
Interstate – 40. Yukon is a suburb of Oklahoma City and is
located on the east side of Canadian County. Canadian
County is the fastest-growing county in Oklahoma was the
49th fastest growing county in the entire US. This has
resulted in an increase in business and home construction.
Yukon is only 12 miles from Oklahoma City and is expected
to continue to have strong growth in the future. United
Rentals will be a direct beneficiary of the continued growth in
Canadian County. The Average House-Hold Income within a
3-Mile Radius of the property is an impressive $85,921. The
Population within a 5-Mile Radius is 95,674.
FINANCIAL ANALYSIS
UNITED RENTALS
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United Rentals (NYSE: URI) is the world’s largest equipment rental company, with roughly 13 percent of the North American market share as of 2019. It owns the largest fleet in the world with about 660,00 rental unites totaling about $14.2 Billion in original equipment cost. In December of 2011 United Rentals acquired RSC Holdings for $1.87 Billion. The company operates 1,186 locations across 49 US States, 10 Canadian Provinces, and four European countries. It is ranked #424 on the Fortune 500 and #1183 on the Forbes Global 2000 list of the world’s largest public companies. United Rentals is primarily a provider of construction and industrial equipment: trucks, aerial work platforms, counterbalance forklifts, reach forklifts, earth movers, compressors, homeowner equipment, and similar devices.
Tenant United Rentals
Stock Ticker NYSE: URI
Credit Rating Standard & Poor’s: BB
Revenue (2018) $8.05 Billion
Operating Income (2018) $2.85 Billion
Total Assets $15.03 Billion
Number of Employees 18,800
Website www.unitedrentals.com
INVESTMENT SUMMARY
UNITED RENTALS
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UNITED RENTALS – 201 N. Sara Road Yukon, OK 73099
INVESTMENT SUMMARY
UNITED RENTALS
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UNITED RENTALS – 201 N. Sara Road Yukon, OK 73099
REGIONAL MAP
UNITED RENTALS
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LOCAL MAP
UNITED RENTALS
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AERIAL PHOTO
UNITED RENTALS
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UNITED RENTALS
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MARKET
OVERVIEW
MARKET OVERVIEW
OVERVIEW
OKLAHOMA CITY
Situated in central Oklahoma, the Oklahoma City metro is composed of
seven counties: Oklahoma, Grady, Canadian, Cleveland, Logan, McClain
and Lincoln. Containing 1.4 million residents, the metro is expected to
add 65,000 people over the next five years, resulting in the addition of
32,000 households. Oklahoma City is the state’s capital city and is the
most populous city in the state with 646,000 million residents. The metro
is home to the Oklahoma City Thunder NBA team, as well as a number of
triple-A and semi-professional sports teams.
The energy industry continues to be a major economic driver. Chesapeake Energy and Devon Energy are based locally. Other large regional employers in the energy sector include OGE Energy, Continental Resources and SandRidge Energy.
Major retailers with back‐office operations including Hobby Lobby, AT&T, Dell, Love’s Travel Stops & Country Stores and Williams‐Sonoma.
A large number of jobs are attributed to the government segment. Employers include the state of Oklahoma, Tinker Air Force Base and the FAA Mike Monroney Aeronautical Center.
DEMOGRAPHICS
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ECONOMY
METRO HIGHLIGHTS
* Forecast
Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s Analytics; U.S. Census Bureau
UNITED RENTALS
GROWING ENERGY AND ALTERNATIVE-ENERGY INDUSTRY
The region is home to two Fortune 500 companies in the energy industry and
ranks among the nation’s top 10 in compressed natural gas and wind energy.
DIVERSE EMPLOYMENT OPPORTUNITIES
Oklahoma City’s economic base is diversifying beyond energy. Medical,
government, healthcare and information technology are generating new jobs.
POPULATION GROWTH
Over the next five years, population and household growth will outpace the
national rate, enhancing demand for goods and services such as healthcare
and education.
1.4M
2018POPULATION:
542K
2018HOUSEHOLDS:
35.0
2018MEDIAN AGE:
$57,200
2018 MEDIAN HOUSEHOLD INCOME:
U.S. Median:
38.0U.S. Median:
$58,8005.9%
Growth2018-2023*:
4.7%
Growth2018-2023*:
MARKET OVERVIEW
UNITED RENTALS
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2018 NATIONAL INDUSTRIAL PROPERTY INDEX
Index Methodology
The NIPI ranks 30 major industrial markets based upon a series of 12-month, forward-looking economic and supply-and-demand variables. Markets are ranked based on their
cumulative weighted-average scores for various indicators, including projected employment growth, vacancy level and change, construction, and rents. Weighing both the
forecasts and incremental change over the next year, the Index is designed to indicate relative supply-and-demand conditions at the market level.
Users of the Index are cautioned to be aware of several important considerations. First, the NIPI is not designed to predict the performance of individual investments. A
carefully chosen property in a bottom-ranked market could easily outperform a poor choice in a top-ranked market. Second, the NIPI is a snapshot of a one-year time horizon.
A market facing difficulties in the near term may provide excellent long-term prospects, and vice versa. Third, a market’s ranking may fall from one year to the next even if its
fundamentals are improving. Also, the NIPI is an ordinal index, and differences in rankings should be carefully interpreted. A top-ranked market is not necessarily twice as
good as the second-ranked market, nor is it 10 times better than the 10th-ranked market.
MARKET OVERVIEW
PROPERTY NAME
MARKETING TEAM
UNITED RENTALS
DEMOGRAPHICS
Source: © 2018 Experian
Created on May 2019
POPULATION 1 Miles 3 Miles 5 Miles
2023 Projection
Total Population 3,662 54,859 102,858
2018 Estimate
Total Population 3,283 49,210 95,842
2010 Census
Total Population 2,582 42,786 85,761
2000 Census
Total Population 1,294 31,140 72,005
Daytime Population
2018 Estimate 6,910 33,169 87,309
HOUSEHOLDS 1 Miles 3 Miles 5 Miles
2023 Projection
Total Households 1,495 20,591 39,755
2018 Estimate
Total Households 1,297 18,186 36,681
Average (Mean) Household Size 2.72 2.68 2.59
2010 Census
Total Households 1,021 15,885 33,027
2000 Census
Total Households 419 11,141 27,647
HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles
2018 Estimate
$200,000 or More 1.78% 3.79% 3.49%
$150,000 - $199,000 2.52% 5.54% 4.54%
$100,000 - $149,000 15.52% 19.62% 16.58%
$75,000 - $99,999 23.10% 17.78% 16.05%
$50,000 - $74,999 24.56% 22.48% 21.86%
$35,000 - $49,999 14.88% 12.13% 12.95%
$25,000 - $34,999 6.87% 7.75% 8.84%
$15,000 - $24,999 3.76% 6.12% 8.03%
Under $15,000 7.01% 4.79% 7.66%
Average Household Income $74,241 $86,470 $79,396
Median Household Income $67,619 $71,247 $64,059
Per Capita Income $29,334 $32,016 $30,454
POPULATION PROFILE 1 Miles 3 Miles 5 Miles
Population By Age
2018 Estimate Total Population 3,283 49,210 95,842
Under 20 30.93% 29.50% 29.05%
20 to 34 Years 25.00% 21.35% 20.62%
35 to 39 Years 8.25% 7.77% 7.13%
40 to 49 Years 12.12% 12.40% 12.40%
50 to 64 Years 16.38% 17.12% 17.63%
Age 65+ 7.33% 11.83% 13.18%
Median Age 32.14 34.50 35.22
Population 25+ by Education Level
2018 Estimate Population Age 25+ 2,080 32,102 62,635
Elementary (0-8) 2.17% 1.55% 2.16%
Some High School (9-11) 4.68% 5.78% 6.92%
High School Graduate (12) 33.48% 27.46% 27.93%
Some College (13-15) 27.13% 27.92% 27.49%
Associate Degree Only 9.23% 8.96% 8.15%
Bachelors Degree Only 17.17% 20.63% 19.46%
Graduate Degree 5.45% 6.79% 6.87%
Time Travel to Work
Average Travel Time in Minutes 23 24 23
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MARKET OVERVIEW
Income
In 2018, the median household income for your selected geography is
$67,619, compare this to the US average which is currently $58,754.
The median household income for your area has changed by 17.07%
since 2000. It is estimated that the median household income in your
area will be $78,327 five years from now, which represents a change
of 15.84% from the current year.
The current year per capita income in your area is $29,334, compare
this to the US average, which is $32,356. The current year average
household income in your area is $74,241, compare this to the US
average which is $84,609.
Population
In 2018, the population in your selected geography is 3,283. The
population has changed by 153.71% since 2000. It is estimated that
the population in your area will be 3,662.00 five years from now,
which represents a change of 11.54% from the current year. The
current population is 48.94% male and 51.06% female. The median
age of the population in your area is 32.14, compare this to the US
average which is 37.95. The population density in your area is
1,044.67 people per square mile.
Households
There are currently 1,297 households in your selected geography. The
number of households has changed by 209.55% since 2000. It is
estimated that the number of households in your area will be 1,495
five years from now, which represents a change of 15.27% from the
current year. The average household size in your area is 2.72 persons.
Employment
In 2018, there are 4,185 employees in your selected area, this is also
known as the daytime population. The 2000 Census revealed that
61.79% of employees are employed in white-collar occupations in
this geography, and 37.63% are employed in blue-collar occupations.
In 2018, unemployment in this area is 3.13%. In 2000, the average
time traveled to work was 23.00 minutes.
Race and Ethnicity
The current year racial makeup of your selected area is as follows:
72.53% White, 5.03% Black, 0.32% Native American and 9.54%
Asian/Pacific Islander. Compare these to US averages which are:
70.20% White, 12.89% Black, 0.19% Native American and 5.59%
Asian/Pacific Islander. People of Hispanic origin are counted
independently of race.
People of Hispanic origin make up 8.93% of the current year
population in your selected area. Compare this to the US average of
18.01%.
PROPERTY NAME
MARKETING TEAM
UNITED RENTALS
Housing
The median housing value in your area was $150,538 in 2018,
compare this to the US average of $201,842. In 2000, there were 390
owner occupied housing units in your area and there were 29 renter
occupied housing units in your area. The median rent at the time was
$609.
Source: © 2018 Experian
DEMOGRAPHICS
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www.MarcusMillichap.com
Brendan Powell
First Vice President Investments
Director - Net Leased Properties Group
Portland Office
Tel: (503) 200-2047
Fax: (503) 200-2010
License: OR 201002133
P R E S E N T E D B Y
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