STNL Enterprise Rent-A-Car

Highlights

• National Credit Tenant: Enterprise Rent-A-Car
• Tenant Since 2001 - just renewed for another 5 years
• Brand New Roof: Major capital improvement just completed, reducing near-term CapEx to nearly zero.
• Long-Term Income Security: Enterprise’s location strategy and renewal options support stable occupancy and predictable cash flow.
• NN Structure Benefits: Tenant pays real estate taxes, insurance premiums, and personal property taxes—minimizing landlord expenses.
• Prime Corner Location: High-visibility site on Frederica Street at the Highway 60 Bypass, ideal for automotive service demand.
• Strong, Durable Use: Local rental car demand tied to insurance, replacement vehicles, and business travel makes rental branches resilient across cycles.
• Depreciation + Appreciation Play: Investors benefit from schedule depreciation while holding a hard-corner commercial parcel with long-term land value.

Description

This single-tenant Enterprise Rent-A-Car location offers investors a rare opportunity to own a high-visibility automotive service site backed by one of the most financially stable brands in the country. Located at the prominent corner of Frederica Street and the Highway 60 Bypass, the property delivers strong daily traffic counts, easy access, and the exact positioning Enterprise prefers for its neighborhood rental branches. With Enterprise responsible for taxes, insurance, personal property tax, and much of the operational upkeep, the asset functions as a low-maintenance, dependable income generator. A newly installed roof further enhances the property’s stability by eliminating a major future expense.

Investors looking for reliable cash flow, tax advantages, and long-term appreciation will find this asset compelling. Enterprise has a well-documented history of renewing and occupying strategic sites for extended periods, and this location is no exception. The combination of durable tenancy, minimal landlord obligations, and strong underlying land value makes this property an attractive addition to any portfolio seeking stable returns, depreciation benefits, and long-term wealth creation.

This site sits at one of the two highest traffic intersections in all of Owensboro—the corner of Frederica Street and the Hwy 60 Bypass. That combination delivers nonstop visibility, constant vehicle flow, and immediate access from every direction in the market. For Enterprise, this is exactly where a neighborhood rental branch wins: high drive-by recognition, easy ingress and egress, and proximity to customers who need quick replacements, insurance rentals, and same-day vehicle pickups.

From an investor’s perspective, this high-traffic positioning directly supports long-term residual land value. Hard-corner sites along major arteries like Frederica Street remain in permanent demand across retail, automotive, and service uses. Even decades down the road, the strength of this crossroads ensures the underlying dirt remains valuable, functional, and attractive for future redevelopment or repositioning. Enterprise benefits today from the visibility and access; the next owner benefits tomorrow from the enduring value of an irreplaceable location.

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