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4903 10th St
Great Bend, KS 67530
Harbor Freight Tools · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand New 10 Year Corp. Lease by Harbor Freight & Tool- Grand Opening Scheduled for April 25
- Anchor Tenant- Part of Village Mall Shopping Center- Prominent Site along Hwy 56/Near Walmart
- Rare Smaller Price Point for Investment Grade Tenant- Low Replaceable Rent- Large 1.37 Acre Parcel
- The Fastest Growing Tool Retail Stores in the World- 1300+ Stores/48 States- 40M Customers
- Growing Community in the Heart of Kansas/Center of State- Located Minutes from the Airport
- Minimal LL Duties- Brand New Roof with 15 Year Warranty (Labor & Materials)- Large Parking Field
EXECUTIVE SUMMARY
The Snyder Carlton National Net Lease Team is pleased to present an opportunity to purchase a corporate single tenant NNN retail investment occupied by Harbor Freight Tools in Great Bend, KS. With a brand new 10-year lease, five 5-year option periods, and 10% rent increases every option period, this asset provides years of inflation resistant income. Positioned on a 3.6 Acre parcel, the 19,663 SF building is part of the Village Mall Shopping Center and is easily accessible from Eisenhower Avenue and 10th Street (Kansas-156). Harbor Freight Tools Operates over 1,300 stores in 48 states and is an industry leader in providing high-quality tools at the lowest prices with the next closest location over an hour away. Nearby Retailers Include Walgreens, Sonic, Burger King, Dollar Tree, Arron’s Furniture, Sutherlands Home Improvement, Orscheln Farm & Home, and Credit Union of America. This is an excellent opportunity to own a single tenant retail asset with a corporate tenant on a new lease, 25 years in options, and 10% rent increases every option period.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
19,663 SF
Building Class
C
Year Built
1973
Price
$1,175,000
Price Per SF
$59.76
Cap Rate
6.81%
NOI
$80,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
1.37 AC
Zoning
N/Av, Great Bend
Frontage
621’ on 10th St
PROPERTY TAXES
| Parcel Number | 189-31-0-10-02-005.00-0 | Improvements Assessment | $1,340 |
| Land Assessment | $15,875 | Total Assessment | $17,215 |
PROPERTY TAXES
Parcel Number
189-31-0-10-02-005.00-0
Land Assessment
$15,875
Improvements Assessment
$1,340
Total Assessment
$17,215
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