Listed by SWE Realty
$2,524,234
Harbor Freight: 8.00% Cap Rate | Atlanta MSA
Details
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 18,785
Net Rentable (SqFt) 18,785
Cap Rate 8%
NOI $201,938
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Home Depot
Lease Type NN
Lease Term 10.1
Lease Expiration 03/31/2032
Remaining Term 5.7
Rent Bumps Yes
Lease Options 5/5 Year Options
Pro-Forma Cap Rate 8%
Pro-Forma NOI $201,938
Price per SqFt $134
Broker Co-Op Yes
Class A
Year Built 2000
Year Renovated 2022
Acreage 1 - 2
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/09/2022
Occupancy Date 03/22/2022
Ground Lease No
Ownership Fee Simple
Sale Condition 1031 exchange
40k Cars Per Day | Full Access at Traffic Light | Covered Land Opportunity
Marketing description
Remodeled Building with Low Basis & Strong Fundamentals
- Originally constructed as an Office Depot and fully renovated in 2022 for Harbor Freight Tools, allowing the tenant to leverage strong underlying real estate at a significantly lower rent basis than new construction
- Excellent visibility and full signalized access from Thornton Road, providing convenient ingress and egress
- Limited landlord responsibilities (NN), with the tenant responsible for taxes, insurance, and HVAC
- Strong real estate fundamentals with attractive re-tenanting upside, supported by a $10.00 PSF rent basis if the tenant vacates
Major National Tenant with Strong Financials
- Harbor Freight Tools is a privately held national retailer generating multi-billion-dollar annual revenue with a long track record of profitability and growth
- Operates over 1,400 locations nationwide in high-traffic, value-oriented retail corridors
- Conservatively managed balance sheet supporting disciplined, internally funded expansion
- Consistent new-store growth and strong same-store sales driven by loyal customers and aggressive value pricing
Strategic Location on Main Commercial Corridor
- Strategically positioned along Thornton Road with traffic counts exceeding 40,000 VPD, providing direct access to surrounding neighborhoods and a large industrial employment base
- High-visibility corner location with prominent frontage and strong daily traffic volumes
- Dense surrounding population with over 46,000 residents within a 3-mile radius and average household income exceeding $90,000
- Significant industrial presence near Interstate 20, creating a strong daytime population and reinforcing the site’s irreplaceable location with immediate I-20 access
Investment highlights
• Corporate Lease
• Attractive Price Point with Covered Land Play Potential
• Strong Underlying Real Estate Fundamentals
• Ideal 1031 Exchange Replacement Property
Listing Contacts
Listed by SWE Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$201,938.00
$16,828.17/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
Map
Zoning
C-H CommercialSpecial CommercialHeavy Commercial
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View all 479 uses Last updated May 21, 2026 For deeper zoning details, reports are available at Zoneomics
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