loader
Join Free
Views: 73 Updated: 11.28.23 Posted: 09.19.23 Status: Inactive

Summary

Price $9,710,000
Built/Renov 2000/2022
Tenant Harbor Freight
Cap Rate 5.15%
Lease Type NN+
Guarantor Corporate
Size/SF 28,502
Lease Start 01-18-2023
#Units 1,451
Price/SF $340.68
Expiration 01-31-2035
Tenant Type General Retail
NOI $500,000
R. Term 10.6
Ownership Fee Simple
Rent/SF $17.54
Increases 10.0%/5/yrs
Pop 5Mi 767,799
Lot/AC 1.43
Options 4/5yrs/10%
AHHI 5Mi $102,930

Lease Highlights

  • Recent 2022 renovation
  • Harbor Freight recently signed a brand-new 12-year lease with 4 (5-year) options to extend
  • Lease features a 10% rental increase every 5 years throughout the initial term and at the start of each option
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee by Harbor Freight Tools USA, Inc.

Location Description

This Harbor Freight is positioned with excellent visibility and accessibility, at the signalized intersection of Valley Boulevard and Atlantic Boulevard (75,000 VPD). Valley Boulevard is one of the primary retail corridors in the area, with surrounding tenants such as Bank of America, Big 5 Sporting Goods, Big Lots, Chase Bank, Dollar Tree, McDonald’s, and more, creating a strong consumer draw...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Harbor Freight
  • Guarantor:Corporate
  • Company:Harbor Freight Tools USA, Inc.
  • # Units:1,451
  • Stock:Private

About Tenant

Harbor Freight Tools (aka Harbor Freight) is a privately held tool and equipment retailer, which operates a chain of stores, as well as an e-commerce business. The chain offers more than 7,000...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 35,949 263,961 729,047
2023 Total Population : 36,388 267,950 734,658
2023 Employed Civilian Pop : 17,724 127,036 341,599
2023 Total Businesses : 2,100 11,502 32,455
2023 Average Household Income : $ 95,378 $ 113,007 $ 110,765
2023 Total Consumer Spending : $ 1027 M $ 8657 M $ 23012 M
2023 Median Age : 42 41 37
2023 Total Households : 12,674 90,550 243,888
2023 Pop Age 25+: Bachelor's Degree : 7,116 49,183 114,805
2023 Average Home Value : $ 855,154 $ 952,132 $ 948,466
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W Valley Blvd Edith Ave 2014 27,866 0.03 mi
S Atlantic Blvd W Norwood Pl 2009 43,500 0.11 mi
W Shorb St Edith Ave 2009 3,600 0.12 mi
S Atlantic Blvd W Shorb St 2014 34,033 0.13 mi
S Marguerita Ave W Valley Blvd 2009 2,200 0.14 mi
S Atlantic Blvd W Glendon Way 2014 43,456 0.21 mi
W Valley Blvd S 8th St 2009 27,100 0.22 mi
W Valley Blvd Benito Ave 2009 26,800 0.25 mi
W Norwood Pl S 8th St 2009 1,300 0.25 mi
S 8th St W Shorb St 2014 1,525 0.26 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

NEWSLETTER SIGN UP

Subscribe
my activity