national car rental nnn leased property

Transcription

national car rental nnn leased property
OFFERING MEMORANDUM
NATIONAL CAR RENTAL NNN LEASED PROPERTY
2301 NW 33RD AVENUE, MIAMI, FL 33142
Exclusively Offered By:
GRANT D. SAVAGE
Senior Vice President, Investment Services
801 Brickell Avenue, Suite 1060
Miami, FL 33131
305.982.4108 Direct
grant.savage@grubb-ellis.com
The information contained in this Offering Memorandum has been obtained from sources believed to be reliable. Buyer must verify the information independently and
bears all risk for any inaccuracies. Neither Grubb & Ellis nor the Owner make any representations as to the accuracy of the information.
NATIONAL CAR RENTAL OFFERING
DISCLAIMER
CONFIDENTIALITY, DISCLAIMER AND EXCLUSIVE AGENCY
Grubb & Ellis Company (“Agent”) has been engaged as the exclusive agent for the sale of the National Car
Rental Offering (the “Property”), by Preferred Equities II (“Seller”).
The Property is being offered for sale as an “as-is, where-is” condition and Seller and Agent make no
representations or warranties as to the accuracy of the information contained in this Offering Memorandum.
The enclosed materials include confidential information and are being furnished solely for the purpose of review
by prospective purchasers of the interest described herein. The enclosed materials are being provided solely to
facilitate the prospective investor’s own due diligence for which it shall be fully and solely responsible. The
material contained herein is based on information and sources deemed to be reliable, but no representation or
warranty, expressed or implied, is being made by Agent or Seller or any of their respective representatives,
affiliates, officers, employees, shareholders, partners and directors, as to the accuracy or completeness of the
information contained herein. Interested parties are to make their own investigations, projections and
conclusions without reliance upon the material contained herein.
Seller reserves the right, at its sole and absolute discretion, to withdraw the Property from being marketed for
sale at any time and for any reason. Seller and Agent each expressly reserve the right, at their sole and absolute
discretion, to reject any and all expressions of interest or offers regarding the Property and/or to terminate
discussions with any entity at any time, with or without notice. This offering is made subject to omissions,
corrections of errors, change of price or other terms, prior sale or withdrawal from the market without notice.
Agent is not authorized to make any representations or agreements on behalf of Seller.
Seller shall have no legal commitment or obligation to any interested party reviewing the enclosed materials,
performing additional investigation and/or making an offer to purchase the Property unless and until a binding
written agreement for the purchase of the Property has been fully executed, delivered, and approved by owner
and any conditions to Owner and Purchaser’s obligations thereunder have been satisfied or waived.
By taking possession of and reviewing the information contained herein, the recipient agrees that (a) the
enclosed materials and their contents are of a confidential nature and will be held and treated in the strictest
confidence; and (b) the recipient shall not contact employees or tenants of the Property directly or indirectly
regarding any aspect of the enclosed materials or the Property without the prior written approval of the Seller or
Agent; and (c) no portion of the enclosed materials may be copied or otherwise reproduced without the prior
written authorization of Seller or Agent.
If you have no interest in the Property at this time, please return this Offering Memorandum immediately to:
Grubb & Ellis Company
801 Brickell Avenue, Ste. 1060
Miami, FL 33131
Attention: Grant Savage
The information contained in this Offering Memorandum has been obtained from sources believed to be reliable.
Buyer must verify the information and bears all risk for any inaccuracies. Neither Grubb & Ellis nor the Owner make any
representations as to the accuracy of the information.
NATIONAL CAR RENTAL OFFERING
TA B L E
OF
CONTENTS
PROPERTY INFORMATION ............................................. SECTION 1
Executive Summary ............................................................1
Site & Improvements Summary ............................................2
Lease Abstract ...................................................................3
Location Maps ..................................................................4
Comparable Land Sales .....................................................6
PROPERTY LOCATION .................................................. SECTION 2
Miami-Dade County Overview............................................7
PROPERTY SURVEYS ..................................................... SECTION 3
Survey ............................................................................ 10
TENANT OVERVIEW....................................................... APPENDIX
The information contained in this Offering Memorandum has been obtained from sources believed to be reliable.
Buyer must verify the information and bears all risk for any inaccuracies. Neither Grubb & Ellis nor the Owner make any
representations as to the accuracy of the information.
NATIONAL CAR RENTAL PROPERTIES
A E R I A L P H OTO G R A P H
The information contained in this Offering Memorandum has been obtained from sources believed to be reliable. Buyer must verify the information and bears all risk for
any inaccuracies. Neither Grubb & Ellis nor the Owner make any representations as to the accuracy of the information.
NATIONAL CAR RENTAL OFFERING
P R O P E RT Y I N F O R M AT I O N
EXECUTIVE SUMMARY
THE PROPERTY:
The Miami National Car Rental Site
2301 NW 33rd Avenue
Miami, FL 33142
OFFERING SUMMARY:
Grubb & Ellis Company is pleased to exclusively offer for sale the
National Car Rental Offering, a 7.29 acre property leased on a
NNN basis to National Car Rental, a subsidiary of Enterprise
Holdings. Enterprise Holdings, with a BBB+ S&P rating, is North
America’s largest and most comprehensive service provider in the car
rental industry, operating the Alamo Rent a Car, Enterprise Rent-ACar and National Car Rental brands.
Please refer to the addendum for more information on Enterprise
Holdings or visit www.enterpriseholdings.com.
OFFERING PRICE:
$10,500,000 - 7.41% Cap Rate - $33.05/SF Land
(Assumable Financing Available)
RENT ROLL:
Parcel Size
(SF)
317,729
Bldg Size
(SF)
25,242 $
OFFERING HIGHLIGHTS:
Annual Rent
(NNN)
Lease
Start
778,532
03/30/01
Lease
End
03/31/21
Increases
Options
Annual
Two 5-Year Options
This property presents significant investment or future owner/user
potential considering the following:
ƒ
Long term stable rental income with annual increases.
ƒ
The lease is absolute NNN with the tenant paying all expenses
directly including real estate taxes, insurance and all other
operating expenses.
ƒ
The dwindling supply of land in the Airport area available for
development is limiting sites for future development.
ƒ
Excellent redevelopment potential at lease termination.
ƒ
Its location in Miami-Dade County just east of the Miami
International Airport creates an ideal setting for regional or
international companies.
ƒ
Frontage on an offshoot of the Miami River provides for usage
of the site by marine oriented businesses.
The information contained in this Offering Memorandum has been obtained from sources believed to be reliable.
Buyer must verify the information and bears all risk for any inaccuracies. Neither Grubb & Ellis nor the Owner make any
representations as to the accuracy of the information.
1
NATIONAL CAR RENTAL OFFERING
P R O P E RT Y I N F O R M AT I O N
SITE & IMPROVEMENT SUMMARY
OFFERING PRICE:
$10,500,000
GENERAL:
This offering consists of one parcel totaling 317,729 square feet of
land (7.29 acres) containing 25,242 square feet of improvements.
ADDRESS:
2301 NW 33rd Avenue
Miami, FL 33142
FOLIO #:
30-3128-023-0010
ZONING:
Industrial Light Manufacturing
SITE IMPROVEMENTS:
The site is currently paved and fenced. The site is generally level and
at street grade. The 25,242 square feet of improvements include a
one-story customer service area with an office area, an auto
maintenance garage with 8 bays, a canopied inspection area for of
returned vehicles and a refueling area with underground storage
tanks.
SITE ACCESS:
Primary access to the area is provided by either the Dolphin
Expressway (836) to the south of the property or the Airport Expressway
(112) to the north of the property. Both connect to Interstate 95, the
major north/south expressway providing direct access to the
southeastern and northeastern areas of Miami-Dade County, as well
as Broward County to the north.
The major surface thoroughfare in the immediate area is LeJeune
Road (NW 42nd Avenue) which connects to both 112 & 836 and
borders Miami International Airport. Other major surface
thoroughfares include NW 37th Avenue, NW 27th Avenue and NW
South River Drive.
INGRESS/EGRESS:
Ingress and egress is available to the site via curb cuts along NW 33rd
Avenue.
The information contained in this Offering Memorandum has been obtained from sources believed to be reliable.
Buyer must verify the information and bears all risk for any inaccuracies. Neither Grubb & Ellis nor the Owner make any
representations as to the accuracy of the information.
2
NATIONAL CAR RENTAL OFFERING
P R O P E RT Y I N F O R M AT I O N
TENANT LEASE ABSTRACT
NATIONAL CAR RENTAL
LESSOR:
Preferred Equities II, LLC
L ES S EE :
National Car Rental Systems, Inc.
LEASED PREMISES:
2301 NW 33rd Avenue
Miami, FL 33142
SIZE:
Approximately 317,729 square feet
LEASE TERM:
March 30, 2001 to March 31, 2021
OPTION TO RENEW:
Two 5-year options.
CURRENT ANNUAL BASE RENT:
$778,532
ANNUAL INCREASES:
Annual increases to the base rent shall be the lesser of 2% or 3 times
CPI.
EXPENSES:
Tenant is responsible for payment of all taxes, insurance, operating
expenses and maintenance of the leased premises.
SECURITY DEPOSIT:
None
FIRST RIGHT OF PURCHASE:
Tenant has first right of purchase within fifteen days notice by Lessor of
a bona fide third party offer.
U S E:
Car rental operations
TENANT INFORMATION:
Please refer to the addendum for more information on Enterprise
Holdings
and
National
Car
Rental
or
visit
www.enterpriseholdings.com.
The information contained in this Offering Memorandum has been obtained from sources believed to be reliable.
Buyer must verify the information and bears all risk for any inaccuracies. Neither Grubb & Ellis nor the Owner make any
representations as to the accuracy of the information.
3
NATIONAL CAR RENTAL OFFERING
P R O P E RT Y I N F O R M AT I O N
LOCATION MAP:
NATIONAL CAR
RENTAL SITE
The information contained in this Offering Memorandum has been obtained from sources believed to be reliable.
Buyer must verify the information and bears all risk for any inaccuracies. Neither Grubb & Ellis nor the Owner make any
representations as to the accuracy of the information.
4
NATIONAL CAR RENTAL OFFERING
P R O P E RT Y I N F O R M AT I O N
AREA MAP:
NATIONAL CAR
RENTAL SITE
ENTRANCE TO MIA
The information contained in this Offering Memorandum has been obtained from sources believed to be reliable.
Buyer must verify the information and bears all risk for any inaccuracies. Neither Grubb & Ellis nor the Owner make any
representations as to the accuracy of the information.
5
NATIONAL CAR RENTAL OFFERING
P R O P E RT Y I N F O R M AT I O N
COMPARABLE LAND SALES
COMP 1
COMP 3
COMP 2
SUBJECT
NATIONAL CAR
RENTAL SITE
Property
Address
Sale Price
Site (SF)
$/SF
Sale Date
Comp 1
3601-3695 NW 35th Ave
$
3,348,500
99,752 $
33.57
04/06/09
Comp 2
2601 NW 42nd Ave
$
2,434,800
75,359 $
32.31
12/30/09
Comp 3
3300 NW River Drive
$
4,000,000
117,612 $
34.01
03/31/10
$
9,783,300
292,723 $
33.42
$
10,500,000
317,729 $
33.05
Total
Subject
2301 NW 33rd Ave
The information contained in this Offering Memorandum has been obtained from sources believed to be reliable.
Buyer must verify the information and bears all risk for any inaccuracies. Neither Grubb & Ellis nor the Owner make any
representations as to the accuracy of the information.
6
NATIONAL CAR RENTAL OFFERING
P R O P E RT Y LO C AT I O N
PROPERTY LOCATION
MIAMI-DADE COUNTY:
Encompassing more than 2,000 square
miles, Miami-Dade County is located
along the southeast tip of the Florida
peninsula bounded by Biscayne Bay
and the Atlantic Ocean to the east,
Everglades National Park to the west,
the Florida Keys to the south, and
Broward County to the north. Dade
County was created in 1836 and the
name was changed to Miami-Dade
County in 1997, after being approved
by the voters of the consolidated city-county in a referendum.
The County population continues to grow rapidly, rising 19 percent
from a decade ago to 2.31 million people, making Miami-Dade the
second most populous county on the east coast and eighth in the
nation. Within Miami-Dade County, the City of Miami is the largest
city with a population of nearly 400,000, followed by Hialeah, Miami
Beach, North Miami and Coral Gables.
As the largest metropolitan area in the State of Florida, Miami-Dade
County is often referred to as the "Gateway to Latin America and the
Caribbean" and has been crowned the top metropolis for conducting
business with Latin America. Miami-Dade stands at the intersection of
the Americas and the world, and is the meeting ground for 1,250
multinational businesses including Apple, Oracle Corp., IBM, Clorox,
Burger King and Porsche. Miami-Dade's enviable proximity to Latin
America and the Caribbean has made it the uncontested center of
international trade with those pivotal regions.
Miami International Airport, the Port of Miami and the city's highways
and railways make up the infrastructure that feeds the region's thriving
international trade. Nearly $50 billion worth of trade flow through the
Miami Customs District yearly.
Of the many industries that flourish in Miami-Dade County, the
tourism industry is the county's number one moneymaker, employing
approximately 14 percent of Miami-Dade County workers and
injecting $13.5 billion into the local economy each year. Countering
the nationwide trend, tourist dollars spent in Miami-Dade County has
risen since 2001. More than 10 million Europeans, Latin Americans,
North Americans and Asians flock to Miami-Dade each year to savor
the region’s 15 miles of pristine beaches and vibrant nightlife.
The information contained in this Offering Memorandum has been obtained from sources believed to be reliable.
Buyer must verify the information and bears all risk for any inaccuracies. Neither Grubb & Ellis nor the Owner make any
representations as to the accuracy of the information.
7
NATIONAL CAR RENTAL OFFERING
P R O P E RT Y LO C AT I O N
MIAMI-DADE COUNTY STATISTICS
Excellent Business Climate
ƒ
No local business or personal income tax.
ƒ
No state personal income tax; corporate tax is 5.5% of net income.
ƒ
Labor training incentives are available to qualified companies.
ƒ
Enterprise Zone business inducements are available to qualified companies.
ƒ
Federal Empowerment Zone inducements are available to qualified companies.
ƒ
Over 68,000 companies are located in Miami-Dade County.
International Access
ƒ
Cruise ship capital of the world (3.4 million passengers annually).
ƒ
Miami International Airport (MIA) is the number one U.S. airport for international freight.
ƒ
More than 46% of all U.S. exports to South America, Central America and the Caribbean go through Miami.
ƒ
Miami International Airport has more flights to Latin America and the Caribbean than all other U.S. airports
combined.
ƒ
The Port of Miami ranks first among Florida containerized ports.
Fast-growing Southeast Florida Market
ƒ
More than 5.2 million regional population.
ƒ
More than $110 billion of total personal income.
Available Labor Force
ƒ
Over 1.1 million people - experienced, multicultural and multilingual.
ƒ
100,000 college students and 100,000 adult and vocational education students.
International Trade Infrastructure
ƒ
With more than 150 financial institutions and just over $61 billion in deposits, Miami has the largest concentration
of banks south of New York.
ƒ
Miami is the current home of the Secretariat of the Free Trade Area of the Americas.
ƒ
More than 50 foreign consulates, 23 international trade offices, and 32 bi-national Chambers of Commerce.
ƒ
Greater Miami has two free trade zones, including Miami Free Zone, one of the largest privately owned and
operated zones in the world and the Homestead Free Zone.
ƒ
Ranked 5th in the world among telecommunications centers.
Quality of Life
ƒ
Four major professional sports franchises.
ƒ
Year-round golfing, boating, tennis and swimming.
ƒ
4th largest U.S. K-12 public education system.
ƒ
More than 30 health care facilities and the University of Miami Medical School network.
The information contained in this Offering Memorandum has been obtained from sources believed to be reliable.
Buyer must verify the information and bears all risk for any inaccuracies. Neither Grubb & Ellis nor the Owner make any
representations as to the accuracy of the information.
8
NATIONAL CAR RENTAL OFFERING
P R O P E RT Y LO C AT I O N
MIAMI INTERMODAL CENTER:
Located next to the Miami
International Airport, the Miami
Intermodal Center is a massive
ground
transportation
hub
being developed by the Florida
Department of Transportation.
To be completed by 2012, the
MIC Program consists of a
Rental Car Center, the Miami Central Station, major roadway
improvements, the MIA Mover and a joint development component.
It will provide connectivity for residents and visitors of Miami-Dade
County and the South Florida region, where none existed, between the
transportation systems in the Palm Beaches, Fort Lauderdale, Miami,
and the Florida Keys, as well as decongest the streets in and around
the busy airport.
For more information, please visit:
http://www.micdot.com/index.html
The information contained in this Offering Memorandum has been obtained from sources believed to be reliable.
Buyer must verify the information and bears all risk for any inaccuracies. Neither Grubb & Ellis nor the Owner make any
representations as to the accuracy of the information.
9
NATIONAL CAR RENTAL OFFERING
S U RV E Y
The information contained in this Offering Memorandum has been obtained from sources believed to be reliable. Buyer must verify the information and bears all risk for any
10
inaccuracies. Neither Grubb & Ellis nor the Owner make any representations as to the accuracy of the information.
WORLD HEADQUARTERS
Enterprise Holdings, Inc.
600 Corporate Park Drive
St. Louis, Missouri 63105
(314) 512-1000
enterpriseholdings.com
BUSINESSES
Enterprise Holdings, through its regional subsidiaries,
operates more than 1 million cars and trucks, the
largest fleet of passenger vehicles in the world today.
Enterprise Holdings is North America’s largest and
most comprehensive service provider in the car rental
industry, operating the Alamo Rent A Car, Enterprise
Rent-A-Car and National Car Rental brands. Together,
the Alamo, Enterprise and National brands collectively
lead the car rental industry with more than a third of
all airport business in the U.S. and Canada. Enterprise
Holdings offers business and retail customers a total
transportation solution through a worldwide network
of more than 7,600 airport and neighborhood locations as well as vanpooling and car sharing programs.
In addition, Enterprise Holdings is part of a global
strategic alliance with Europcar, creating the world’s
largest car rental network. Other affiliated business
lines include Enterprise Commercial Trucks, Enterprise
Car Sales, Enterprise Rideshare vanpooling and WeCar
car sharing.
Alamo Rent A Car
alamo.com
Enterprise Rent-A-Car
enterprise.com
National Car Rental
nationalcar.com
Enterprise Car Sales
enterprisecarsales.com
Enterprise Commercial Trucks
enterprisetrucks.com
WeCar
wecar.com
RideShare
FAST FACTS
ENTERPRISE HOLDINGS AT A GLANCE
>>
$12.1 billion in revenue
>>
68,000 employees
>>
1.1 million vehicles, the world’s largest fleet
>>
Approximately 7,600 neighborhood and
airport locations in the U.S., Canada,
Mexico, the Caribbean, Latin America,
the U.K., Ireland, Germany and Asia
>>
Ranked No. 24 on the Forbes Top 500 Private
Companies in America
ANNUAL REVENUE
WORLDWIDE
FY 2009
FY 2003
$12.1 billion
$6.9 billion
FY 2008*
$13.1 billion
FY 2002
$6.5 billion
FY 2007
$9.5 billion
FY 2001
$6.3 billion
FY 2006
$8.9 billion
FY 2000
$5.6 billion
FY 2005
$8.2 billion
FY 2004
$7.4 billion
*on August 1,2007 Alamo
Rent A Car and National
Car Rental were acquired
vanpool.com
©2010 Enterprise Holdings, Inc. 05/10
About
Alamo Rent A Car
National Car Rental
>>
Founded in 1974
>>
Founded in 1947
>>
Attracts value-oriented international and
U.S. leisure travelers looking for an easy
and hassle-free rental experience
>>
>>
Largest car rental provider to international
travelers visiting North America
Premium, internationally recognized brand
serving the daily rental needs of the frequent
airport traveler seeking choice, convenience and
time savings for their personal and business trips
>>
Helped pioneer the corporate-account business
with the car rental industry’s first comprehensive
frequent-renter program (“Emerald Club”)
>>
Introduced “Emerald Aisle,” where members can
bypass the rental counter and select their own
vehicles without stopping for any paperwork
>>
Official sponsor of the PGA TOUR
and Champions Tour since 1994
>>
>>
Launched the industry’s first real-time Internet
booking engine in 1995 and first Online
Check-In system in 2005; today, operates
159 self-service kiosks at 65 U.S. locations
Official rent-a-car of Walt Disney World®
Resort and Disneyland® Resort
Enterprise Rent-A-Car
>>
Founded in 1957
>>
Rental locations in the United States,
Canada, the U.K., Ireland and Germany
>>
More than 5,000 neighborhood and airport
branch offices located within 15 miles
of 90 percent of the U.S. population
>>
Known for exceptionally low rates, neighborhood
convenience and outstanding service, including
picking up local customers at no extra cost
>>
Ranked highest in customer satisfaction
among airport rentals in 10 out of the
past 11 years, according to J.D. Power and
Associates Rental Car Satisfaction Study
>>
Official Rent-A-Car of the NHL and NHLPA
©2010 Enterprise Holdings, Inc. 05/10
EXECUTIVES
CHRONOLOGY/KEY MILESTONES
Andrew C. Taylor
1947Group of 24 independent car rental operators with 800 vehicles
and 60 locations come together to found National Car Rental
chairman and
chief executive officer
Donald Ross
vice chairman
Pamela Nicholson
president and
1954National becomes first car rental brand to offer one-way rentals for
customers wishing to rent cars in one town and leave them in another
1957Jack Taylor founds Executive Leasing, the company that eventually would
become Enterprise Holdings, operating with a fleet of seven cars
chief operating officer
1962Executive Leasing begins rental operation with a fleet of 17 cars
Greg Stubblefield
1966National is first in car rental industry to bring computers
into daily reservation operations
executive vice president and
chief strategy officer
Jo Ann Taylor Kindle
president of enterprise
holdings foundation
William Snyder
executive vice president
1969Jack Taylor names the company Enterprise as a salute to a
WWII aircraft carrier he served on – the USS Enterprise
1970
Enterprise fleet reaches 500 vehicles
1974Alamo Rent A Car founded with four locations in Florida,
pioneering the concept of unlimited free mileage
and chief financial officer
1980Enterprise fleet surpasses 6,000 vehicles
Matthew G. Darrah
1982Alamo opens state-of-the-art rental plaza in Tampa, Fla.
executive vice president of
1987National introduces “Emerald Club,” industry’s first comprehensive
frequent-renter program
north american operations
Lee Kaplan
senior vice president
1990Enterprise fleet surpasses 90,000 vehicles
and chief administrative officer
1991Jack Taylor’s son, Andy Taylor, named Enterprise CEO
Craig Kennedy
1994National named official sponsor of the PGA Tour
senior vice president
1995Alamo is first in car rental industry with real-time
Internet booking capabilities
and chief information
officer
Edward Adams
senior vice president
of human resources
Steve Bloom
senior vice president
of enterprise fleet management
and car sales
Rose Langhorst
vice president and treasurer
2000Enterprise fleet nears 500,000 vehicles; revenue surpasses $5.6 billion
2005Alamo launches industry’s first and only Online Check-In system;
Enterprise fleet surpasses 665,000 vehicles
2006Enterprise announces 50 Million Tree Pledge in celebration of first
50 years in business; makes commitment to plant 50 million trees
over next 50 years, at a cost of $50 million
2007Taylor family acquires Alamo and National brands; Alamo earns
Budget Travel magazine’s “Extra Mile Award” for self-serve kiosks
2008Fleet surpasses 1.1 million vehicles (including Alamo, Enterprise and
National); President and COO Pam Nicholson named one of Fortune
magazine’s 50 Most Powerful Women in Business (2007 and 2008)
2009Taylor family of companies adopts Enterprise Holdings name as parent
of Alamo Rent A Car, Enterprise Rent-A-Car and National Car Rental
©2010 Enterprise Holdings, Inc. 05/10
WORLD HEADQUARTERS
National Car Rental
600 Corporate Park Drive
St. Louis, Missouri 63105
(314) 512-1000
nationalcar.com
National Car Rental is owned by Enterprise Holdings,
the privately held parent company of National Car
Rental, Alamo Rent A Car and Enterprise Rent-A-Car.
CHRONOLOGY/
KEY MILESTONES
FAST FACTS
1947Group of 24 independent car rental
operators with 800 vehicles and 60 locations
come together to found National Car Rental
>>
Founded in 1947
>>
Premium, internationally recognized brand
serving the daily rental needs of the frequent
airport traveler seeking choice, convenience and
time savings for their personal and business trips
>>
Locations throughout the United States, Canada,
Mexico, the Caribbean, Latin America and Asia
>>
Helped pioneer the corporate-account business
with the car rental industry’s first comprehensive
frequent-renter program (“Emerald Club”)
>>
Introduced “Emerald Aisle,” where members can
bypass the rental counter and select their own
vehicles without stopping for any paperwork
>>
Official sponsor of the PGA TOUR
and Champions Tour since 1994
>>
In North America, National Car Rental is part
of a global strategic alliance with Europcar,
creating the world’s largest car rental network
1954National is first in car rental industry
to offer one-way rentals for customers
wishing to rent cars in one town
and leave them in another
1966National is first in car rental industry to bring
computers into daily reservation operations
1987National introduces “Emerald
Club,” industry’s first comprehensive
frequent-renter program
1994National named official
sponsor of the PGA Tour
2007Taylor family acquires National Car
Rental and Alamo Rent A Car brands
2009Taylor family of companies adopts
Enterprise Holdings name as parent
of National Car Rental, Alamo Rent
A Car and Enterprise Rent-A-Car
©2010 National Car Rental 04/10