Listed by Sands Investment Group
$2,861,000
Harbor Freight - Albuquerque, NM
Details
Property Type Retail
Sub Type Storefront
Square Footage 16,376
Cap Rate 6.75%
NOI $193,145
Occupancy 100%
Tenancy Multi
Brand/Tenant Harbor Freight
Lease Type NN
Rent Bumps No
Lease Options 4 x 5 Year Options
Price per SqFt $175
Year Built 1970
Year Renovated 2019
Acreage 2.640
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/06/2016
Ground Lease No
Below-Market Rent | Harbor Freight | Corporate Guarantee | Seller Financing Available
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 16,376 SF Harbor Freight located at 4410 Central Avenue SW in Albuquerque, NM. This offering features significantly below-market in-place rent at $11 PSF compared to $18+ PSF market rates (CoStar), presenting a clear opportunity for future rental upside. The property was also recently renovated, with the tenant completing major improvements in 2019 (contact agent for details). Altogether, this asset represents a compelling investment opportunity with both stability and value-add potential.
Investment highlights
- Significantly Below-Market Rent: $11 PSF in-place vs. $18+ PSF market.
- Strong-Performing Location: 80th percentile national performer.
- Recently Renovated: Tenant completed major improvements in 2019 (contact agent for details).
- Seller Financing: Rare seller financing available opportunity (contact agent for details).
- Additional Supplemental Income: Site features a Bank of America ATM.
- Strategically Located & Positioned: Densely populated area with over 103,481 residents within a 3-mile radius, prime positioning in a retail corridor, and robust traffic counts over 53K VPD.
- Corporate guarantee: Secure corporate guarantee with Harbor Freight Tools USA, Inc.
Listing Contacts
Listed by Sands Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$193,145.00
$16,095.42/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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