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| Price $2,575,000 | Built/Renov 1980 | Tenant Harbor Freight (2 tenants) |
| Cap Rate 7.00% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
24,564
| Lease Start
06-17-2022
| #Units
1,451
|
| Price/SF $104.83 | Expiration
12-31-2032
| Tenant Type General Retail |
| NOI $180,137 | R. Term 8.1 | Ownership Fee Simple |
| Rent/SF
$7.33
| Increases 10.0%/10/yrs | Pop 5Mi 23,371 |
| Lot/AC 2.21 | Options 3/5yrs/10% | AHHI 5Mi $66,829 |
| | |
Positioned on a 2.21-acre parcel, the 24,500+ SF building is easily accessible from N Chancery St, Bobby Ray Memorial Pkwy (State Hwy 70), and Smithville Hwy (TN-56) with a combined traffic count of over 39,900 VPD. The site is in a dense retail corridor with nearby national retailers including Walmart Supercenter, Lowe’s Home Improvement, Walgreens, Tractor Supply Co., McDonald’s, Big Lots,...
...Major thoroughfare
Near major nationals
Strategically located
Strong tenant synergy
Highway close
Income tax free state
Brand new lease
Absolute NNN
Corporate Guarantee
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 | |
| 2028 Total Population : | 5,143 | 17,482 | 23,741 |
| 2023 Total Population : | 5,177 | 17,392 | 23,570 |
| 2023 Employed Civilian Pop : | 1,812 | 6,722 | 9,476 |
| 2023 Total Businesses : | 296 | 877 | 1,004 |
| 2023 Average Household Income : | $ 53,419 | $ 61,193 | $ 65,229 |
| 2023 Total Consumer Spending : | $ 107 M | $ 393 M | $ 563 M |
| 2023 Median Age : | 38 | 41 | 41 |
| 2023 Total Households : | 2,259 | 7,245 | 9,729 |
| 2023 Pop Age 25+: Bachelor's Degree : | 325 | 1,305 | 1,818 |
| 2023 Average Home Value : | $ 151,275 | $ 176,019 | $ 188,625 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Bobby Ray Memorial Parkway | Mullican St | 2022 | 17,619 | 0.11 mi |
| Bobby Ray Memorial Pkwy | Smithville Hwy | 2003 | 18,980 | 0.13 mi |
| North Chancery Street | Anderson St | 2022 | 7,124 | 0.16 mi |
| Anderson Street | W End Ave | 2022 | 565 | 0.20 mi |
| SR 56 | Roberts Dr | 2021 | 11,614 | 0.33 mi |
| Smithville Highway | Roberts Dr | 2022 | 11,324 | 0.33 mi |
| Old Smithville Road | Bybee Branch Rd | 2022 | 6,852 | 0.37 mi |
| Peers Street | Clark Blvd | 2022 | 309 | 0.37 mi |
| Smithville Highway | Young Ln | 2022 | 7,891 | 0.48 mi |
| SR 56 | Morton Hollow Rd | 2021 | 8,093 | 0.48 mi |
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Size/SF 23,500
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
