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Harbor Freight Tools | Alhambra, CA 1200 W Valley Blvd 25,802 SF 4-Star Retail Building Alhambra, CA 91803 $8,850,000 ($343.00/SF) 5.65% Cap Rate
Investment Highlights
- Single-Tenant Harbor Freight Tools: New 12-Year Lease; 10% Increase (February 2029) and in Each of the Four 5-Year Options
- Significant Capital Improvements; Low Maintenance Investment: Subject Property Features a New Roof, All New HVAC Units, and Recent Resurface
- Pylon Signage Along Valley Boulevard, One of the Primary Retail Corridors in the San Gabriel Valley
- Harbor Freight Tools Is One of the Nation’s Fastest Growing Retailers, With More Than 1,600 Stores Across the Country
- Excellent Accessibility and Visibility at the Signalized Intersection of Valley Boulevard and Atlantic Boulevard (75,000 Cars Per Day)
- “One of the Fastest Growing Retailers on the ‘Hot 25 Retailers List’” — National Retail Federation (2025)
Executive Summary
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- May 2032
Harbor Freight Tools is a privately held discount tool and equipment retailer founded in 1977 by Eric Smidt and Allan Smidt. Headquartered in Calabasas, California, the company began as a mail-order business and opened its first retail store in 1980. Harbor Freight operates over 1,600 stores across 48 states and employs more than 30,000 people. The retailer offers a wide range of products, including hand tools, power tools, automotive equipment, generators, and shop supplies, marketed under proprietary brands such as Pittsburgh, Bauer, Hercules, and U.S. General. Harbor Freight’s business model focuses on direct sourcing from manufacturers to reduce costs and provide tools at prices significantly lower than competitors. The company also maintains a strong e-commerce presence and offers financing options, loyalty programs, and extended service plans. Harbor Freight remains family-owned and is recognized for its commitment to affordability and value in the tool retail industry.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | May 2032 |
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,050,972 | |
| Land Assessment | $3,183,623 | Total Assessment | $6,234,595 |
Property Taxes
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Harbor Freight Tools | Alhambra, CA | 1200 W Valley Blvd
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