Log In/Sign Up
Your email has been sent.
4234 S I-35 Frontage Rd
San Marcos, TX 78666
Harbor Freight Tools · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- The store is performing so well, Harbor Freight just exercised an early option period to extend initial term to 15-years.
- Harbor Freight Tools has been named to the 2023 list of Fortune’s Top Ten Best Workplaces in Retail, the only tool retailer to land in the top ten.
- Harbor Freight has been opening 2-3 new locations every week since April of 2024.
- Approximate 10% rental increases every five (5) years in option periods.
- One of the fastest-growing companies in retail, Harbor Freight Tools has more than 30,000 Associates and more than 1,600 stores nationwide.
EXECUTIVE SUMMARY
This Harbor Freight Tools property enjoys exceptional visibility and easy access along I-35 Frontage Road, with high exposure from Interstate 35 / Monarch Highway, a major north-south thoroughfare with 143,995 AADT. The site is ideally situated near major retail centers, including San Marcos Premium Outlets and Tanger Outlets San Marcos, creating significant crossover shopping opportunities. It also benefits from its proximity to densely populated communities and housing developments such as the Kissing Tree retirement community, Alta Center Point, Centro35, Millbrook Park, McCarty Commons (249 units), and Millbrook Commons (88 units). A large and reliable customer base surrounds the site, with over 322,000 residents within a 15-mile radius and an average annual household income of $138,276 within one mile. Additionally, the property serves as an excellent retail option for nearby employers, including the San Marcos outlet malls and Amazon Fulfillment Center, which employs approximately 5,000 people and is just minutes away.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Building Size
16,088 SF
Building Class
C
Year Built
2023
Price
$5,991,000
Price Per SF
$372.39
Cap Rate
5.85%
NOI
$350,450
Percent Leased
100%
Building Height
1 Story
Building FAR
0.19
Lot Size
1.97 AC
Parking
85 Spaces (5.28 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | R189751 | Improvements Assessment | $1,407,790 |
| Land Assessment | $1,470,720 | Total Assessment | $2,878,510 |
PROPERTY TAXES
Parcel Number
R189751
Land Assessment
$1,470,720
Improvements Assessment
$1,407,790
Total Assessment
$2,878,510
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
