Harbor Freight Tools | Carrollton, GA
New 15-Year Net Lease | 61,500 Vehicles per Day
Marketing description
New 15-year net lease with option periods, creating a stable, long-term investment
Harbor Freight Tools is one of the nation’s fastest-growing retailers with over 1,300 stores nationwide, over 23,000 employees, and more than 40 million customers
Scheduled rental increases every five years, providing a hedge against inflation
High-visibility location with access to a combined 61,500 vehicles per day along Highway 166 South Bypass and US Highway 27, providing easy access for customers
Located on South Park Street, a major thoroughfare and retail district in Carrollton attracting a large volume of customers to the property
Ample parking on site and immediately neighbored by Roadway Inn Carrollton Georgia (91 rooms), Hotel Casa by Arya (56 rooms), and Firehouse Subs/Dunkin’
Minutes from the Tanner Medical Center/Carrollton (181 beds) and the University of West Georgia (over 13,000 students and faculty members)
Investment highlights
- The property is located only one mile away from the Southwire Company, LLC headquarters, which occupies over 1.2 million square feet of space, making it an excellent location for businesses that cater to industrial and manufacturing workers
- The property is supported by a population of 44,374 within five miles after a 16%growth since 2010 and is situated in Carrollton, a growing city and suburb within the populous Atlanta Metro area
- The average annual household income within one mile of the site is $94,691 and is projected to grow 14% by 2028, making it an ideal location for businesses that cater to high-income earners
- The property is situated in a growing community with a diverse range of industries and businesses, including construction, manufacturing, and automotive repair, making it an excellent location for businesses that cater to these industries
- Home improvement and hardware stores were among the top retail categories in Carrollton in 2020, with residents spending approximately $22 million out of a total retail spending of $245 million, which is an excellent opportunity for businesses in this category
- Approximately 58.5% of housing units in Carrollton, Georgia, were built before 2000, indicating a need for businesses that cater to homeowners who may require renovation, remodeling, or repair services
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