January 9, 2025 – Matt Siebert and Matt Nadler of Horvath & Tremblay have successfully completed the sale of Herc Rentals in Kilgore, Texas. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $2,700,000.
Herc Rentals is located at 3201 E Goforth Road in Kilgore, Texas. Herc Rentals has 9+ years remaining on their 10-year lease with three (3), 5-year renewal options. The lease includes attractive 2% annual rent increases throughout the initial term and each of the renewal option periods. Herc Rentals has a double net lease and reimburses 100% of the real estate taxes, insurance, and common area maintenance, making it an attractive investment for the passive real estate investor. The Landlord is responsible for the roof & structure. Herc Rentals is strategically located at the intersection of E Goforth Road and Fritz Swanson Road. The Property enjoys outstanding frontage, visibility and access along both roads and is 0.5-miles from State Highway 135, the area’s primary commercial and commuter corridor. The site is situated in northern Kilgore, approximately 2-miles from the center of town, and offers convenient access to the area’s schools and commercial districts. Additionally, the Property is close to major roadways including TX Route 31 (1.5-miles), TX Route 42 (1.8-miles), US Route 259 BUS (2.2-miles), and Interstate 20 (2.5-miles). Kilgore is in eastern Texas, approximately 115 miles east of Dallas, TX and 71 miles west of Shreveport, LA.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.