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Harbor Freight Tools, Moultrie, GA

Harbor Freight Tools, Moultrie, GA


Investment Summary

Price $3,061,000
Cap Rate 6.15%
NOI $188,250
Lease Term 9+ years remaining
Lease Type Net lease, with tenant responsible for all taxes, insurance, and maintenance, excluding roof, structure, and parking lot.
Rental Increases Approximate 10% rental increases every five (5) years in options
Year Built 2022
Building Size ±15,000 SF
Lot Size 2.00 acres (87,120 SF)
Status Available
Lead Brokers Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Jack Hinson
Brokerage
704.572.9921
j.hinson@cushwake.com
CA RE License #02059267

Vincent Aicale
Vice Chairman
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Vice Chairman
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

10-YEAR CORPORATE GUARANTEED NET LEASE WITH SCHEDULED RENTAL INCREASES
» 10-year net lease with scheduled rental increases
» Landlord responsibilities limited to roof & structure
» Corporate guaranteed by Harbor Freight Tools USA, Inc.
» Harbor Freight Tools is one of the nation’s fastest-growing retailers with over 1,300 stores nationwide, over 23,000 employees, and more than 40 million customers
» High-quality 2022 construction with ample parking on site

EXCELLENT VISIBILITY AND ACCESS TO OVER 20K DAILY VEHICLES
» Prominent location along North Veterans Parkway which experiences 20,400 vehicles per day in front of the site
» Situated right off freeway 319 with nearby national retailers such as Lowe’s Home Improvement, The Home Depot, The UPS Store, Starbucks, Publix Supermarket, Chick-fil-A, Walmart Supercenter, and more
» Near Southern Regional Technical College – Moultrie (4,360 students), and Colquitt County High School (2,754 students)
» Minutes from Holiday Inn Express & Suites Moultrie, an IHG Hotel (68 rooms), and Hampton Inn Moultrie (62 rooms)

DENSELY POPULATED AND AFFLUENT COMMUNITY WITH ACCESS TO THE MASSIVE ATLANTA TRADE AREA
» Moultrie is a growing economy with strong demand for commercial real estate
» 24,753 residents within a five-mile radius
» $59,559 average annual household income within five miles of the site (14% projected growth by 2027)
» Ideal location for Harbor Freight Tools’ target market of both professional contractors and DIY enthusiasts
» Location serves Moultrie and surrounding rural areas, which lack other tools and hardware retail options allowing Harbor Freight Tools a wider geographic area reach to attract potential customers

Property Description

» Prime location: Situated along North Veterans Parkway with high traffic counts of 20,400 vehicles per day and convenient freeway access, Additionally, the property is surrounded by well-known national retailers such as Lowe’s, Home Depot, Publix Super Market, Starbucks, and more.

» Proximity to well-attended educational institutions: The property has the potential to attract a diverse customer base of students, parents, and faculty with its location near Southern Regional Technical College and Colquitt County High School (over 7,000 combined students).

» Nearby hotels: The property is just minutes away from two major hotels – Holiday Inn Express & Suites Moultrie and Hampton Inn Moultrie, providing a nearby customer base for the tenant.

» Growing economy and population: With 24,753 residents within a five-mile radius and an average household income of $59,559 (projected to grow by 14% by 2027), Moultrie’s growing economy and strong demand for commercial real estate make it an attractive location for investment.

» Ideal for Harbor Freight Tools: The property’s location, demographics, and proximity to other prominent retailers make it an ideal fit for Harbor Freight Tools’ target market of both professional contractors and DIY enthusiasts.

» Wider trade area reach: The property is located strategically to serve Moultrie and surrounding rural areas, which lack other tools and hardware retail options, giving Harbor Freight Tools a wide trade area to attract potential customers from a large geographic area.

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