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5501 Academy Way
Bessemer, AL 35022
Harbor Freight Tools - Bessemer, AL · Retail Property For Sale
EXECUTIVE SUMMARY
- HARBOR FREIGHT TOOLS USA, INC (MOODY’S: BA3 / S&P: BB-) | CORPORATE LEASE | 1,200+ LOCATIONS | $7.6 BILLION IN SALES FOR FISCAL YEAR 2024
- BUILD-TO-SUIT 2025 CONSTRUCTION | 9.6 YEARS OF FIRM TERM REMAINING | 2025 CONSTRUCTION | 10.00% RENTAL INCREASES EVERY 5 YEARS | 3 (5-YEAR) OPTIONS | NN LEASE WITH MINIMAL LANDLORD RESPONSIBILITIES
- HIGHLY VISIBLE & EASILY ACCESSIBLE LOCATION | HIGH TRAFFIC RETAIL CORRIDOR ALONG ACADEMY DR (19,345 VPD) | LOCATED AT THE ACADEMY DR ON/OFF RAMP OF INTERSTATE 20 (48,450 VPD) | DYNAMIC RETAIL SYNERGY IN THE IMMEDIATE VICINITY | LOCATED AT THE ENTRANCE TO BESSEMER CITY SCHOOL (2,972 STUDENTS
- DENSE & STABLE DEMOGRAPHICS (43,504 RESIDENTS WITH AN AVERAGE HOUSEHOLD INCOME OF $65,121 WITHIN 5 MILES) | 0.5 MILES SOUTH OF AMAZON’S $325M/855,000 SF FULFILLMENT CENTER (6,000 EMPLOYEES AND THE LARGEST EMPLOYER IN BESSEMER) | 1.1 MILES SOUTH OF ALABAMA ADVENTURE & SPLASH ADVENTURE (300,000+ ANNUAL VISITORS) | ACROSS THE STREET FROM CHURCH OF THE HIGHLANDS
- BUILD-TO-SUIT 2025 CONSTRUCTION | 9.6 YEARS OF FIRM TERM REMAINING | 2025 CONSTRUCTION | 10.00% RENTAL INCREASES EVERY 5 YEARS | 3 (5-YEAR) OPTIONS | NN LEASE WITH MINIMAL LANDLORD RESPONSIBILITIES
- HIGHLY VISIBLE & EASILY ACCESSIBLE LOCATION | HIGH TRAFFIC RETAIL CORRIDOR ALONG ACADEMY DR (19,345 VPD) | LOCATED AT THE ACADEMY DR ON/OFF RAMP OF INTERSTATE 20 (48,450 VPD) | DYNAMIC RETAIL SYNERGY IN THE IMMEDIATE VICINITY | LOCATED AT THE ENTRANCE TO BESSEMER CITY SCHOOL (2,972 STUDENTS
- DENSE & STABLE DEMOGRAPHICS (43,504 RESIDENTS WITH AN AVERAGE HOUSEHOLD INCOME OF $65,121 WITHIN 5 MILES) | 0.5 MILES SOUTH OF AMAZON’S $325M/855,000 SF FULFILLMENT CENTER (6,000 EMPLOYEES AND THE LARGEST EMPLOYER IN BESSEMER) | 1.1 MILES SOUTH OF ALABAMA ADVENTURE & SPLASH ADVENTURE (300,000+ ANNUAL VISITORS) | ACROSS THE STREET FROM CHURCH OF THE HIGHLANDS
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Department Store
Building Size
15,000 SF
Building Class
B
Year Built
2025
Price
$4,784,000
Price Per SF
$318.93
Cap Rate
7%
NOI
$334,866
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.50 AC
Zoning
C4
Frontage
289’ on Academy Way
PROPERTY TAXES
| Parcel Number | 37-00-24-4-000-014.000 | Improvements Assessment | $0 |
| Land Assessment | $68,300 | Total Assessment | $68,300 |
PROPERTY TAXES
Parcel Number
37-00-24-4-000-014.000
Land Assessment
$68,300
Improvements Assessment
$0
Total Assessment
$68,300
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