Hertz

Tenant Description

Hertz is an American car rental company based in Estero, Florida. As of 2019, they operates 10,000+ corporate and franchisee locations throughout North America, Europe, South America, Africa, the Middle East, Asia, Australia and New Zealand.

What We Like About Hertz

Brand Recognition, E-Commerce Resistant

Competition

Enterprise Rent A Car, Avis Car Rental

Hertz Website

https://www.hertz.com/rentacar/reservation/

Corporate Office Location

8501 Williams Rd – Estero, FL 33928

Fast Facts

Hertz Global Holdings, the parent company of The Hertz Corporation, was ranked 335th in Forbes 2018 Fortune 500 list.

As of 2018, the company had revenues around $9 billion and 38,000 employees.

In 1950, Hertz opened its first European location in France. Just five years later, Hertz became the first rental company with 1,000 locations.

Hertz owns Dollar and Thrifty Automotive Group. This includes Thrifty Car Rental as well as Dollar Rent A Car.

Stock Price
Tenant News
Average Cap Rate Trend
6.50%
2019
6.75%
2020
12 mo avg with 10+ yr lease term (*Please Note Data Points Are Not Exact Figures*)
Average Sale Data & Lease Structure
Avg. Sale Price$6,250,000
Avg. Annual Rental Income$185,000
Average Price/SF$200/SF
Typical Lease TypeNNN
Typical Lease Term15 Years
Typical Lease Escalations10% Every 5 Years
Credit Rating
S & PB+ Stable
Moody'sB1 Negative

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