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Harbor Freight Tools 1900 Howe Ave 23,040 SF Retail Building Sacramento, CA 95825 $4,995,000 ($216.80/SF) 5.17% Cap Rate
Investment Highlights
- This property is occupied by Harbor Freight Tools, a nationally recognized retailer known for its operational stability.
- The lease is backed by Harbor Freight Tools, a national chain with over 1,600 locations across the U.S.
- The NN lease structure limits landlord responsibilities, making this an ideal hands-off investment for those seeking simplicity.
- Harbor Freight Tools’ decision to extend its lease underscores its long-term commitment to this location and confidence in the trade area.
- Harbor Freight Tools value-driven business model offers competitively priced products that maintain strong consumer demand even during downturns.
- The current rent being paid is $0.85 psf. NNN, significantly below new leases being signed in the area.
Executive Summary
A 10-YEAR UNDER MARKET LEASE EXTENSION BACKED BY A CORPORATE GUARANTEE
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
23,040 SF
Building Class
B
Year Built
1995
Price
$4,995,000
Price Per SF
$216.80
Cap Rate
5.17%
NOI
$258,048
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.41
Lot Size
1.28 AC
Opportunity Zone
Yes
Zoning
Z00
Parking
104 Spaces (4.34 Spaces per 1,000 SF Leased)
Frontage
146’ on Howe Ave
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Walk Score®
Very Walkable (81)
Nearby Major Retailers
Property Taxes
| Parcel Number | 278-0172-067 | Improvements Assessment | $1,412,169 |
| Land Assessment | $536,022 | Total Assessment | $1,948,191 |
Property Taxes
Parcel Number
278-0172-067
Land Assessment
$536,022
Improvements Assessment
$1,412,169
Total Assessment
$1,948,191
Contacts
-
Patrick Wade -
Matthew Greenberg -
Alex Kozakov -
Bo Henderson -
Jack Webber -
Vivian Tran -
CBRE, Inc.
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Harbor Freight Tools | 1900 Howe Ave
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