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20630016
20630018

3569 NW Centre Dr, Lake Worth, TX 76135

Colliers - Fort Lauderdale, Florida
Listed by Colliers - Fort Lauderdale, Florida
$6,434,665
573 days on market
Updated 34 days ago

Harbor Freight Tools

Details
Property Type Retail
Sub Type Storefront
Square Footage 16,000
Cap Rate 6.00%
NOI $386,080
Occupancy 100%
Tenancy Single
Brand/Tenant Home Depot, Lowe's (+1)
Lease Type NNN
Lease Expiration 07/30/2035
Remaining Term 9.2
Rent Bumps Yes
Broker Co-Op Yes
Year Built 2020
Buildings 1
Stories 2
Acreage 1.620
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Ground Lease No

10 Years Fort Worth 6.00% CAP

Marketing description

Colliers is pleased to offer to qualified investors a retail investment opportunity in Fort Worth, Texas. The Property totals 16,000 SF on 1.62 acres built in 2020. The Property is located at 3569 NW Centre Dr, Lake Worth (Fort Worth), Texas 76135 and 100% leased to Harbor Freight Tools USA, Inc..

Harbor Freight Tools has over 10 years remaining with 10% increases every 5 years. Harbor Freight Tools consistently reports revenues above $5 billion. The company employs over 20,000 people and operates over 1,000 locations in 48 states in 2020 Harbor Freight plans on opening 2 stores per week. The essential retailer sells many necessary home/automotive products, including generators, and all of their locations are currently open and operating.

Investment highlights

  • Corporate Guarantee

  • Investment Grade Credit

  • Long-Term Net Lease

  • Minimal Landlord Responsibilities

  • Growing Fort Worth Suburb

  • Strong Retail Corridor

Listing Contacts

Colliers - Fort Lauderdale, Florida
Listed by Colliers - Fort Lauderdale, Florida

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$386,080.00
$32,173.33/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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