Harbor Freight Tools: Morrow, GA
1929 Mt. Zion Road, Morrow, GA 30260
Marketing description
CBRE is pleased to offer for sale the 16,531-square-foot Harbor Freight Tools situated on 1.65 acres in Morrow, GA—a key submarket within the thriving Atlanta MSA (population: 6.4M+). Harbor Freight's net lease features 10 years of term remaining with a 10% rent increase in 2031 and in each of the five, 5-year renewal options.
The subject property is a component of 400,000+ SF The Shoppes at Morrow Station, a prominent retail hub serving the Southside Atlanta corridor. The power center benefits from a diverse and high-traffic tenant mix, including O'Reilly Auto Parts, Ashley Homestore, Ross Dress for Less, Shoppers World, Lowe's Outlet, Goodwill, Fitness Connection, Five Below, and Planet Smoothie among others. Shadow anchors include The Home Depot, AMC Theatres, LA Fitness, Nam Dae Mun Farmers Market, and Best Buy.
Located along Mt. Zion Road (GA DOT Traffic Data: 24,200 VPD), the property boasts exceptional access onto and off Interstate 75, one of the nation's busiest logistical and commuter arteries that supports 156,000 vehicles per day (GA DOT Traffic Data). Its prime positioning within the Morrow retail trade area provides seamless regional connectivity, making it a go-to destination for customers throughout Clayton County and the greater Atlanta metropolitan area.
Investment highlights
- Premier Retail Tenant: Harbor Freight Tools is a privately held American retailer founded in 1977 and headquartered in Calabasas, California. Operating more than 1,600 stores nationwide, along with catalog and online sales, the company serves over 75 million customers.
- 10-Year Net Lease: Harbor Freight's net lease features 10 years of term remaining with a 10% rent increase in 2031 and in each of the five, 5-year renewal options.
- Located within the 400,000+ SF Shoppes at Morrow Station: Harbor Freight Tools is a component of 400,000+ SF The Shoppes at Morrow Station, a prominent retail hub serving the Southside Atlanta corridor.
- Excellent Access & Visibility: Located along Mt. Zion Road (GA DOT Traffic Data: 24,200 VPD), the property boasts exceptional access onto and off Interstate 75 (Exit 231), one of the nation's busiest logistical and commuter arteries that supports 156,000 vehicles per day.
- Established Retail Node: Unlike emerging markets, the Mt. Zion corridor is a mature, proven retail environment with long-term tenant commitment.
- Robust Commercial Inventory: 8.7 MSF of retail, 1.5 MSF of office, 10.5 MSF of industrial and 11,688 multifamily units within a 3-mile radius.
- $117 Million Institutional Revitalization of Southlake Mall: Harbor Freight is less than 2 miles from the 1.0 MSF Southlake Mall, which functions as the primary enclosed shopping destination for the South Atlanta market.
- High Growth Multifamily Development: The Mt. Zion corridor is currently benefiting from a significant influx of institutional multifamily capital, evidenced by the delivery of high-density, upscale units that bolster the area's consumer base.
- Dynamic Demographics: The site benefits from dynamic demographics with a population of 78,730 and an average annual household income of $75,581 within a 3-mile radius.
- Atlanta MSA Advantage: With an overall population of more than 6.4 million throughout the 29-county metro area, Atlanta is the ninth-largest Metropolitan Statistical Area (MSA) in the United States and is projected to be the 6th most populated metro area over the next few years. Diversified and substantial investment from corporations and state and local governments make Atlanta an incredible place to do business. As further proof that Atlanta is a mainstay of global commerce, this fast-growing metropolis is also home to the busiest airport in the world, Hartsfield-Jackson Atlanta International Airport (<10 Miles from Site). During 2025, Hartsfield-Jackson Atlanta accommodated over 106 million passengers (Source: Department of Aviation, Hartsfield-Jackson Atlanta International Airport).
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