The property is secured by a corporate lease with Herc Rentals, Inc., which is publicly traded on the New York Stock Exchange under the ticker symbol HRI. Herc Rentals is the third-largest equipment rental company in the United States. The lease is a five-year NN structure with minimal landlord responsibilities. There are more than four years remaining on the current term, along with two additional five-year renewal options. The tenant acquired the former business in October 2024, which had nearly 30 years of successful operating history prior to the acquisition. The lease includes favorable rental increases of 3.5% every two years, with the next scheduled adjustments in November 2026 and November 2028. Constructed in 2015 as a build-to-suit, the property features a layout designed to optimize the functionality of the warehouse and yard. Herc Rentals recently completed a $5.3 billion merger, acquiring H&E Equipment Services in June 2025, further strengthening its market position. The site offers quick access to Interstate 10 and U.S. Highway 90, both less than a 10-minute drive from the property. The surrounding area boasts strong demographics with consistent year-over-year growth, including more than 252,000 residents within a 10-mile radius.