Listed by Resolut RE Albuquerque
$2,502,031
Corporate Guarantee Harbor Freight
Details
Property Type Retail
Square Footage 16,376
Cap Rate 6.25%
NOI $156,377
Occupancy 100%
Lease Type NN
Lease Expiration 04/29/2030
Lease Options Four(4) 5-Year Options
Year Built 1970
Year Renovated 2019
Acreage 2.640
Zoning MX-M
Tenant Credit Corporate Guarantee
Lease Commencement 06/09/2016
Retail | 6.25% CAP | 16,376 SF
Marketing description
Harbor Freight Tools, headquartered in Calabasas, California, is a leading national retailer specializing in affordable, highquality tools and equipment. Founded in 1977, the company has expanded to over 1,300 stores across 48 states, serving millions of customers. Offering a wide range of products, including hand tools, power tools, automotive equipment, and more, Harbor Freight is known for providing substantial cost savings—often up to 80% lower than competitors—while maintaining reliable quality. Their customer base includes contractors, industrial users, and DIY enthusiasts
With reported annual revenues exceeding $7 billion, Harbor Freight has established itself as a financially strong and stable company. They have built a reputation for value and customer satisfaction, offering a lifetime warranty on hand tools and consistently updating their product lines to meet demand.
For commercial real estate investors, Harbor Freight is a highly desirable tenant. The company typically signs long-term leases in high-traffic retail locations, generating consistent foot traffic and attracting complementary businesses. Harbor Freight’s financial stability and continued growth make them a low-risk, nationally credited tenant, ensuring reliable rental income for property owners. Their significant national footprint and successful business model enhance the long-term value of any commercial property investment.
Investment highlights
- A 2019 renovated 16,376 square foot freestanding building on a 2.64-acre lot leased to HARBOR
- Freight Tools in Albuquerque, NM until April 30th.
- Price: $2,502,031 - 6.25% Cap rate
- 5% Annual NN increase cap
- Owner financing is available
- 2019 renovated Harbor Freight Tools
- Over 1,400 locations in the United States
- NN lease structure
- Lease at $11 PSF: below market rents
- Corporate guarantee lease
- Freestanding 16,376 SF with Harbor Freight Tools
- 2.64 acre lot with large pylon sign
- On-site ATM
- In a high retail trafficked corridor with national cotenancy including Burlington, Ross Dress for Less, Conn’s, Home Plus, Five Below, Starbucks, etc
Listing Contacts
Listed by Resolut RE Albuquerque
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$156,376.96
$13,031.41/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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