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Views: 126 DOM: 618 Updated: 10.25.24 Posted: 03.16.23 Status: Active

Summary

Price $1,175,000
Built/Renov 1973
Tenant Harbor Freight
Cap Rate 6.81%
Lease Type NN+
Guarantor Corp Rated
Size/SF 19,663
Lease Start 05-15-2023
#Units 1,500
Price/SF $59.76
Expiration 05-31-2033
Tenant Type General Retail
NOI $80,000
R. Term 8.6
Ownership Fee Simple
Rent/SF $4.07
Increases 10.0%/10/yrs
Pop 5Mi 16,399
Lot/AC 1.37
Options 5/5yrs/10%
AHHI 5Mi $73,169

Lease Highlights

  • Recent 2023 building upgrades
  • Brand-new 8+ year lease with 5 (5-year) options to extend
  • The lease features 10% rental increases at the beginning of each option period
  • Favorable NN+ Lease | Landlord responsibilities limited to roof and structure
  • Corporate guarantee by Harbor Freight Tools USA, Inc.

Location Description

This 19,663 SF Harbor Freight is part of the Village Mall Shopping Center and is easily accessible from Eisenhower Avenue and 10th Street (K-156) with nearly 10,000 vehicles passing per day. Located within a dense retail corridor, nearby major national tenants include Walgreens, Sonic, Burger King, Dollar Tree, Tractor Supply Co., Walmart, Taco Bell, Arby’s, Dillon’s, O’Reilly Auto Parts,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Harbor Freight Tools (aka Harbor Freight) is a privately held tool and equipment retailer, which operates a chain of stores, as well as an e-commerce business. The chain offers more than 7,000...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 3,379 14,456 16,068
2023 Total Population : 3,443 14,747 16,419
2023 Employed Civilian Pop : 1,778 7,222 8,257
2023 Total Businesses : 323 1,002 1,113
2023 Average Household Income : $ 67,025 $ 69,518 $ 70,735
2023 Total Consumer Spending : $ 93 M $ 380 M $ 427 M
2023 Median Age : 46 39 40
2023 Total Households : 1,579 6,227 6,878
2023 Pop Age 25+: Bachelor's Degree : 560 1,748 1,806
2023 Average Home Value : $ 164,990 $ 146,902 $ 148,975
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
10th Street McKinley St 2021 9,580 0.12 mi
10th Street Sheridan St 2018 10,200 0.13 mi
State Hwy 96 Lakin Ave 2018 2,920 0.27 mi
NW 10 Rd 2021 2,730 0.28 mi
10th Street Monroe St 2021 12,000 0.31 mi
US 56;KS 156 Macarthur Rd 2021 6,170 0.36 mi
10th Street Taft St 2018 12,800 0.38 mi
State Hwy 96 Broadway Ave 2018 2,920 0.41 mi
10th St Macarthur Rd 2018 6,590 0.44 mi
Broadway Avenue Hoover St 2021 5,024 0.47 mi

Listing Broker

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