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Harbor Freight
1200 West Valley Boulevard, Alhambra, CA 91803
$9,710,000
Cap Rate 5.15%
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 11.1 | 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...
...Features
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Recent renovation
-
Hard corner intersection
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Near major nationals
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Freeway close
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Dense 200M+ pop 5 mi
-
Top 100 MSA
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Brand new lease
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Long 10+ yr lease
-
Favorable NN+ lease
-
Corporate Guarantee
...
Maps
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 |
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 |
