Harbor Freight Tools | 1400 Oak St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Harbor Freight Tools 1400 Oak St
16,000 SF Retail Building Kenova, WV 25530 $4,422,865 ($276/SF) 6.25% Cap Rate
Investment Highlights
- Long Term Lease w/ Attractive Rental Escalations
- Kenova's Primary Home Improvement Store & Top Visited Harbor Freight Tools Location
- Brand New Harbor Freight Build-to-Suit w/ Minimal Landlord Maintenance
- Corporate Guaranty from Fastest-Growing Tool & Equipment Retailer in the U.S.
- Prime Frontage Store Relocation
- Proximity to Marshall University & Major Medical Hub
Executive Summary
Harbor Freight Tools is operating under a recently executed, 15-year lease with 14 years of primary term remaining. The Lease also features attractive 10% rent bumps every 5 years during the base term and throughout the five (5), five (5) year renewal option periods, providing increasing returns and an effective hedge against inflation.
The Property is a brand new build-to-suit for Harbor Freight Tools featuring state-of-the-art construction and the latest standalone prototype architecture. The Property also benefits from a highly passive NN lease with limited landlord responsibilities.
The Property serves as the primary home improvement store for the residents of Kenova and is the only Harbor Freight Tools store within 20+ miles. In addition, this HFT location had approximately 226.9K visits in the past 12 months, which ranks in the Top 15% of all home improvement stores in West Virginia as well as nationwide, and nearly triples the number of annual visits of the nearest competitor - Ace Hardware (Kenova, WV) 87K visits. (Source: Placer)
The Property is a brand new build-to-suit for Harbor Freight Tools featuring state-of-the-art construction and the latest standalone prototype architecture. The Property also benefits from a highly passive NN lease with limited landlord responsibilities.
The Property serves as the primary home improvement store for the residents of Kenova and is the only Harbor Freight Tools store within 20+ miles. In addition, this HFT location had approximately 226.9K visits in the past 12 months, which ranks in the Top 15% of all home improvement stores in West Virginia as well as nationwide, and nearly triples the number of annual visits of the nearest competitor - Ace Hardware (Kenova, WV) 87K visits. (Source: Placer)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
16,000 SF
Building Class
B
Year Built
2023
Price
$4,422,865
Price Per SF
$276
Cap Rate
6.25%
NOI
$276,429
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Land Acres
1.80 AC
Zoning
UZ - Vacant Land (NEC)
Parking
62 Spaces (3.88 Spaces per 1,000 SF Leased)
Frontage
365 FT on Oak Street
Amenities
- Corner Lot
- Signage
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Harbor Freight Tools
- Retailer
-
99,999 SF
- -
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Harbor Freight Tools | Retailer | 99,999 SF | - | Jan 0000 |
PROPERTY TAXES
| Parcel Number | 07-9-02640000 | Improvements Assessment | $1,151,040 |
| Land Assessment | $233,700 | Total Assessment | $1,384,740 |
PROPERTY TAXES
Parcel Number
07-9-02640000
Land Assessment
$233,700
Improvements Assessment
$1,151,040
Total Assessment
$1,384,740
-
Jason Powell -
Northmarq
(404) 823-6754
x759
1 of 4
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Harbor Freight Tools | 1400 Oak St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.