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| Price $1,472,000 | Built/Renov 2006/2021 | Tenant Harbor Freight |
| Cap Rate 6.75% | Lease Type
NN+ | Guarantor Corp Rated |
| Size/SF
14,200
| Lease Start
07-07-2021
| #Units
1,500
|
| Price/SF $103.66 | Expiration
07-31-2031
| Tenant Type General Retail |
| NOI $99,400 | R. Term 6.8 | Ownership Fee Simple |
| Rent/SF
$7.00
| Increases 10.0%/5/yrs | Pop 5Mi 15,703 |
| Lot/AC 1.40 | Options 3/5yrs/10% | AHHI 5Mi $93,553 |
| | |
Harbor Freight is strategically located on Balsam Street. N., within a Target-anchored shopping center. The property is conveniently situated less than half a mile from the entrance to MN-65/Chip A. Imker Memorial Highway, which sees 12,800 vehicles per day and is a major Minnesota intrastate highway. Additionally, it enjoys excellent visibility from 1st Avenue East/MN-95, which has a traffic...
...Recent renovation
Dense retail corridor
Near major nationals
Shopping Ctr out-parcel
Freeway close
Highway location
Affluent suburb location
Favorable NN+ lease
Corporate Guarantee
Credit rated company
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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2029 Total Population : | 2,590 | 13,316 | 17,073 |
| 2024 Total Population : | 2,218 | 12,400 | 16,060 |
| 2024 Employed Civilian Pop : | 985 | 5,713 | 7,539 |
| 2024 Total Businesses : | 180 | 545 | 611 |
| 2024 Average Household Income : | $ 91,374 | $ 96,447 | $ 101,901 |
| 2024 Total Consumer Spending : | $ 65 M | $ 417 M | $ 557 M |
| 2024 Median Age : | 36 | 39 | 40 |
| 2024 Total Households : | 822 | 4,934 | 6,246 |
| 2024 Pop Age 25+: Bachelor's Degree : | 169 | 1,169 | 1,565 |
| 2024 Average Home Value : | $ 322,207 | $ 346,851 | $ 351,747 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Opportunity Blvd N | 2022 | 1,563 | 0.18 mi | |
| Opportunity Boulevard North | 2nd Ave SE | 2022 | 7,631 | 0.21 mi |
| Opportunity Boulevard South | 2nd Ave SE | 2022 | 8,198 | 0.27 mi |
| 1st Ave E | Hwy 95 | 2018 | 12,900 | 0.28 mi |
| 1st Ave E | McKinley St S | 2018 | 24,700 | 0.36 mi |
| Flanders Street Northeast | 2nd Ave SE | 2022 | 6,461 | 0.36 mi |
| State Hwy 65 | 2022 | 2,416 | 0.45 mi | |
| 2nd Ave SE | 2022 | 3,949 | 0.53 mi | |
| 2nd Ave NE | 2021 | 1,777 | 0.54 mi | |
| 1st Avenue East | Garfield St S | 2021 | 19,435 | 0.59 mi |
Lawrence, KS
Cap Rate 7.50%
Lease Double NN
R. Term 3.80 yrs
Size/SF 8,600
Harrisonburg, VA
Cap Rate 6.00%
Lease Abs NNN
R. Term 2.90 yrs
Size/SF 2,275
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
