4930 Arendell St | Morehead City, NC 28557
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4930 Arendell St
Morehead City, NC 28557
Harbor Freight Tools · Retail Property For Sale
Investment Highlights
- Strong Corporate Guaranty - Harbor Freight has been in business since 1977 | 1,200 + locations in 48 states | 40 million customers | 23,000 employees
- Thriving Industry - The Home Improvement and Discount Tools Sector has seen an explosion in spending, with estimates showing $439B in sales
- Landlord Friendly Lease Structure - Tenant is responsible for all day to day operations and maintenance expenses at this location
- Beneficiary of Planned I-42 - 137 mile planned interstate route from I-40 south of Raleigh to Morehead City along existing US-70
- Port of Morehead City - One of the deepest ports on the East Coast | Equipped with nine berths | $2.5B Economic Impact on the state of NC
- Excellent Rent Escalations - 10% each renewal option | Provides a great hedge against inflation
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
22,677 SF
Building Class
B
Year Built
1996
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.28
Lot Size
1.85 AC
Zoning
C
Parking
60 Spaces (2.65 Spaces per 1,000 SF Leased)
Frontage
226’ on Arendell St
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 6366.10.35.9773000 | Improvements Assessment | $2,085,670 |
| Land Assessment | $743,288 | Total Assessment | $2,828,958 |
Property Taxes
Parcel Number
6366.10.35.9773000
Land Assessment
$743,288
Improvements Assessment
$2,085,670
Total Assessment
$2,828,958
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