Harbor Freight
Retail | 5.42% CAP | 15,166 SqFt
Marketing description
Marcus & Millichap has been exclusively chosen to market Harbor Freight, an exceptional net-leased investment opportunity featuring a 15,166-square-foot building situated on a 1.79-acre parcel in the heart of Yakima, Washington. Constructed in 2015, the property is secured by a triple-net (NNN) lease structure that minimizes landlord responsibilities and provides stable, passive income. The lease was recently extended through 2030 and includes five additional five-year extension options, demonstrating the tenant's long-term commitment to the location. Harbor Freight, America's leading tool retailer serving more than 75 million customers nationwide, operates one of its strongest-performing stores at this site, ranking in the top 8% nationally, #4 in the state of Washington, and #1 in Eastern Washington. Strategically positioned within a high-traffic retail corridor, the property benefits from strong consumer draw and complementary co-tenancy, including shadow anchors Goodwill and Dollar Tree, along with numerous national and regional retailers nearby.
Investment highlights
- This Harbor Freight location ranks in the top 8% of stores nationwide, highlighting its exceptional sales performance and customer demand. The store is also ranked #4 in the state of Washington and #1 in Eastern Washington.
- The tenant recently extended its lease through 2030, demonstrating a long-term commitment to the property and market. Investors also benefit from five additional five-year renewal options, providing the potential for extended income security.
- Strategically positioned within a well-established retail corridor, the property benefits from strong visibility and consistent consumer traffic. Nearby retailers, including Goodwill, Dollar Tree, and numerous national brands.
- The property is leased on a triple-net (NNN) basis, significantly reducing landlord responsibilities and operating expense exposure. This structure provides investors with a predictable and passive income stream backed by an established national retailer.
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