Active
Corporate Guarantee Harbor Freight
4410 Central Ave SW Albuquerque, NM 87105
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Overview
THE OFFERING
- A 2019 renovated 16,376 square foot freestanding building on a 2.64-acre lot leased to HARBOR FREIGHT TOOLS in Albuquerque, NM until April 30th.
- Price: $2,502,031 - 6.25% Cap rate
- 5% Annual NN increase cap
- Owner financing is available
LEASE/TENANT
- 2019 renovated Harbor Freight Tools
- Over 1,400 locations in the United States
- NN lease structure
- Lease at $11 PSF: below market rents
- Corporate guarantee lease
REAL ESTATE / AREA STRENGTHS
- Freestanding 16,376 SF with Harbor Freight Tools
- 2.64-acre lot with large pylon sign
- On-site ATM
- In a high retail trafficked corridor with national co-
tenancy including Burlington, Ross Dress for Less,
Conn’s, Home Plus, Five Below, Starbucks, etc
Attachments
For Sale
Investment
Retail
- Sale Price
- $2,502,031
- Price Per SF
- $152.8/SF
- Investment
- Yes
- Cap Rate
- 6.25%
- Gross Income
- $193,144.96
- Net Operating Income
- $156,376.96
- Total Expenses
- $69,520
- Building Size
- 16,376 SF
- Acres
- 1.2724 ac
- Zoning
- MX-M
- Zoning Description
- Moderate Intensity
- Tenant
- Harbor Freight Tools
- Building Class
- B
- Year Built
- 1970
- Submarket
- South Valley
- Property Use Type
- Investment
- Property Status
- Existing
- Vehicles Per Day
- 25,532 VPD
- Average Occupancy Rate
- 100
- County
- Bernalillo
- Created
- 2024-10-30
- Updated
- 2024-11-18
- Listing ID
- f5c59835
- Parcel APN
- 101205714141920787