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Harbor Freight 190 Susquehanna Blvd 16,144 SF Retail Building Hazleton, PA 18202 $4,132,864 ($256/SF) 6.25% Cap Rate

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INVESTMENT HIGHLIGHTS

Newly Renovated & New Lease
Rent Increases
Strategic Location

Corporate Lease
Minimal Landlord Responsibilities
Strong Demographics

EXECUTIVE SUMMARY

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee simple interest in a single tenant Harbor Freight Tools located at 190 Susquehanna Boulevard in West Hazleton, Pennsylvania (the “Property”). The Property was completely renovated in 2023 for Harbor Freight Tools, who signed a brand-new, 10-year Double Net lease. The Lease currently has 7+ years of term remaining followed by five (5), 5-year renewal options. The lease features an attractive 10% rent increase at the start of the first four renewal options and fair market value for the last option. The Harbor Freight Tools property is positioned along Susquehanna Boulevard (PA Route 93), a well-traveled retail corridor in West Hazleton with strong visibility and convenient ingress and egress. The site is located near Laurel Mall, a dominant regional shopping destination, and benefits from proximity to a range of retail, dining, and services that support steady consumer traffic. The Property serves nearby residential neighborhoods and the broader Hazleton market and is strategically located with quick access to Interstate 81, providing efficient connectivity throughout northeastern Pennsylvania. Additionally, the location is convenient to Lehigh Valley Hospital–Hazleton, Penn State Hazleton, and major employment hubs at Humboldt and Valmont Industrial Parks. West Hazleton is situated approximately 35 miles south of Scranton and roughly 80 miles north of Allentown.

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Bowling Alley

Building Size

16,144 SF

Building Class

Year Built

1959

Price

$4,132,864

Price Per SF

$256

Cap Rate

6.25%

NOI

$258,304

Tenancy

Single

Building Height

1 Story

Building FAR

0.13

Lot Size

2.78 AC

Zoning

Frontage

176’ on Congetta Dr

Signage

MAJOR TENANTS

Retailer
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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.