Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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Attributes

Year Built 1964
Building Area
Land Area

Property Description

JLL is pleased to exclusively present an outstanding opportunity to purchase a recently leased 22,297 square foot Harbor Freight. Harbor Freight Tools is a national retailer that specializes in the sale of high-quality tools and accessories at low price points. The property is located in La Habra, California along the highly trafficked Harbor Boulevard (36,500 VPD). Many national brand retailers such as Starbucks, Taco Bell, Pizza Hut, KFC, Stater Brothers and Rite Aid are in close proximity to this location. 

This rare investment opportunity provides long term, passive cash flow with limited landlord responsibilities.

Investment Highlights

  • Fee simple interest
  • New 15-year NNN lease with 10% increase in year 11
  • Attractive long-term lease with an expanding and established credit
  • Privately held company, BB-credit
  • Harbor Freight Tools operates at 1,000+ locations
  • Four 5-year options with 10% increase every 5 years
Last Updated Date: 01 Jul 2020
Adam Friedlander
Adam Friedlander
Director, Capital Markets
License details
CA - 1806555
Coler Yoakam
Coler Yoakam
Senior Managing Director, Corporate Finance & Net Lease Platform Leader
License details
TX-0592885

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Last Updated Date: 01 Jul 2020

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