Harbor Freight

1200 West Valley Boulevard, Alhambra, CA 91803

$9,710,000

Cap Rate 5.15%

Views: 78 Updated: 11.28.23 Posted: 09.19.23 Status: Inactive

Summary

Price $9,710,000	Built/Renov 2000/2022	Tenant Harbor Freight
Cap Rate 5.15%	Lease Type NN+	Guarantor Corporate
Size/SF 28,502	Lease Start 01-18-2023	#Units 1,451
Price/SF $340.68	Expiration 01-31-2035	Tenant Type General Retail
NOI $500,000	R. Term 10.2	Ownership Fee Simple
Rent/SF $17.54	Increases 10.0%/5/yrs	Pop 5Mi 767,799
Lot/AC 1.43	Options 4/5yrs/10%	AHHI 5Mi $102,930

Lease Highlights

Recent 2022 renovation
Harbor Freight recently signed a brand-new 12-year lease with 4 (5-year) options to extend
Lease features a 10% rental increase every 5 years throughout the initial term and at the start of each option
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guarantee by Harbor Freight Tools USA, Inc.

Location Description

This Harbor Freight is positioned with excellent visibility and accessibility, at the signalized intersection of Valley Boulevard and Atlantic Boulevard (75,000 VPD). Valley Boulevard is one of the primary retail corridors in the area, with surrounding tenants such as Bank of America, Big 5 Sporting Goods, Big Lots, Chase Bank, Dollar Tree, McDonald’s, and more, creating a strong consumer draw...

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Key Features

Recent renovation
Hard corner intersection
Near major nationals
Freeway close
Dense 200M+ pop 5 mi
Top 100 MSA
Brand new lease
Long 10+ yr lease
Favorable NN+ lease
Corporate Guarantee

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Links

Harbor Freight Tools Wikipedia Harbor Freight Tools Wikipedia Alhambra, California Zip Code 91803 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Harbor Freight
Guarantor:Corporate
Company:Harbor Freight Tools USA, Inc.
# Units:1,451
Stock:Private

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 :	35,949	263,961	729,047
2023 Total Population :	36,388	267,950	734,658
2023 Employed Civilian Pop :	17,724	127,036	341,599
2023 Total Businesses :	2,100	11,502	32,455
2023 Average Household Income :	$ 95,378	$ 113,007	$ 110,765
2023 Total Consumer Spending :	$ 1027 M	$ 8657 M	$ 23012 M
2023 Median Age :	42	41	37
2023 Total Households :	12,674	90,550	243,888
2023 Pop Age 25+: Bachelor's Degree :	7,116	49,183	114,805
2023 Average Home Value :	$ 855,154	$ 952,132	$ 948,466

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
W Valley Blvd	Edith Ave	2014	27,866	0.03 mi
S Atlantic Blvd	W Norwood Pl	2009	43,500	0.11 mi
W Shorb St	Edith Ave	2009	3,600	0.12 mi
S Atlantic Blvd	W Shorb St	2014	34,033	0.13 mi
S Marguerita Ave	W Valley Blvd	2009	2,200	0.14 mi
S Atlantic Blvd	W Glendon Way	2014	43,456	0.21 mi
W Valley Blvd	S 8th St	2009	27,100	0.22 mi
W Valley Blvd	Benito Ave	2009	26,800	0.25 mi
W Norwood Pl	S 8th St	2009	1,300	0.25 mi
S 8th St	W Shorb St	2014	1,525	0.26 mi

Listing Broker

Jeff Lefko

Hanley Investment Group

Contact

151 Listings
15729 Views
65 Sold

Bill Asher

Hanley Investment Group

Contact

151 Listings
16137 Views
63 Sold

Jeff Lefko

As Executive Vice President at Hanley Investment Group, Jeff Lefko specializes in advising clients in the acquisition and disposition of retail properties nationwide. Jeff is focused on developing meaningful relationships that go beyond a singular transaction by proactively advising his clients to help achieve their long-term financial goals and objectives. Jeff’s commitment to his clients has allowed him to close over $1.5 billion in sales since 2017, which included 114 transactions va

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Bill Asher

Bill Asher specializes in advising clients in the acquisition and disposition of retail properties nationwide. With over 20 years of experience in commercial real estate, his transaction expertise, industry relationships, and unparalleled professionalism have allowed him to close and contribute to more than $2 billion in sales, including over 550 sales in the last 10 years. Bill’s dedication and unwavering commitment to his clients have made him one of the top agents at the company earning him

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