Harbor Freight Tools - La Habra
250 N Harbor Blvd La Habra , CA 90631

Harbor Freight Tools - La Habra - retail for sale

Download offering memorandum:

Overview



JLL is pleased to exclusively present an outstanding opportunity to purchase the fee simple interest in a recently leased 22,297 square-foot Harbor Freight. Harbor Freight Tools is a national retailer that specializes in the sale of high-quality tools and accessories at low price points. The Property is located in La Habra, CA along the highly trafficked Harbor Boulevard (36,500 VPD). Many national brand retailers, such as Starbucks, Taco Bell, Pizza Hut, KFC, Stater Brothers, and Rite Aid are in close proximity to this location. 

The entity on the lease is Harbor Freight Tools USA, Inc. The tenant has executed a 15-year NNN lease through July 2032 with a 10% increase in year 11. Tenant also has four (4), five (5) year options with 10% increase every five years. This rare investment opportunity provides long term, passive cash flow with limited landlord responsibilities.

Investment highlights


  • New NNN Lease to a Leading Discount Tool and Equipment Retailer
  • Attractive Long-Term Lease with An Expanding and Established Credit
  • Infill, High-Traffic Location
  • Privately Held Company, BB- Credit
  • Harbor Freight Tools operates (1,000+ locations)
  • (4) 5-year options with 10% increase every 5 years


General
Property type Retail
Property subtype Single tenant/Standalone
Tenure type Sale/Purchase
Property address 250 N Harbor Blvd, La Habra, CA 90631-4845
Land in acres 1.95
Building size 22,297  ft2
Year built 1964
Year renovated 2017
Financial
Price $7,650,000
Cap rate 4.89%
Current NOI $374,000.00
Lease

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