Harbor Freight Tools | 20 High Park dr
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Harbor Freight Tools 20 High Park dr
16,000 SF 100% Leased Retail Building Blue Ridge, GA 30513 $4,271,000 ($267/SF) 6.65% Cap Rate
Investment Highlights
- New 10-year net lease with option periods, creating a stable, long-term investment
- Harbor Freight Tools has been named to the 2023 list of Fortune’s Top Ten Best Workplaces in Retail, the only tool retailer to land in the top ten
- During 2022, the company launched 500+ new tools and products and added 122 new stores
- Scheduled approximate 10% rental increases every five (5) years in initial term and option periods
- One of the fastest-growing companies in retail, Harbor Freight Tools has more than 28,000 Associates and more than 1,400 stores nationwide
Executive Summary
This Harbor Freight Tools has a high-visibility and easily accessible location along U.S. Route 76, a major east-west thoroughfare connecting Tennessee to North Carolina (27,300 AADT)
The property is a common gateway to Chattahoochee-Oconee National Forests, attracting approximately 3 million annual visitors ($100M+ in annual tourist spending)
The location features a prime setting surrounded by major national employers, including Walmart Supercenter, The Home Depot, Food Lion, Ingles, Dollar General, CVS, T.J. Maxx, Taco Bell, Popeyes, Arby’s, Wendy’s, Starbucks, Dairy Queen, and many more
The site greatly benefits from its proximity near Blue Ridge Lake, one of the top tourist attractions in the state that welcomes thousands of outdoor enthusiasts during peak seasons
50,875 residents live within a fifteen-mile radius of the site, providing a large and reliable customer base
Projected population and income increases within 5-, 10-, and 15-mile radii over the next five years poise Blue Ridge and Georgia for steady concurrent growth
The property is a common gateway to Chattahoochee-Oconee National Forests, attracting approximately 3 million annual visitors ($100M+ in annual tourist spending)
The location features a prime setting surrounded by major national employers, including Walmart Supercenter, The Home Depot, Food Lion, Ingles, Dollar General, CVS, T.J. Maxx, Taco Bell, Popeyes, Arby’s, Wendy’s, Starbucks, Dairy Queen, and many more
The site greatly benefits from its proximity near Blue Ridge Lake, one of the top tourist attractions in the state that welcomes thousands of outdoor enthusiasts during peak seasons
50,875 residents live within a fifteen-mile radius of the site, providing a large and reliable customer base
Projected population and income increases within 5-, 10-, and 15-mile radii over the next five years poise Blue Ridge and Georgia for steady concurrent growth
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
16,000 SF
Building Class
B
Year Built
2023
Price
$4,271,000
Price Per SF
$267
Cap Rate
6.65%
NOI
$284,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Land Acres
2.07 AC
Parking
35 Spaces
Frontage
189 FT on High Park Drive
Amenities
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 0045-05102 | Improvements Assessment | $278,459 |
| Land Assessment | $120,000 | Total Assessment | $398,459 |
PROPERTY TAXES
Parcel Number
0045-05102
Land Assessment
$120,000
Improvements Assessment
$278,459
Total Assessment
$398,459
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Power Broker Michael Yuras -
Jack Hinson -
Power Broker Vincent Aicale -
Power Broker Ryan Forsyth -
Power Broker Scott Crowle -
Cushman & Wakefield
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Harbor Freight Tools | 20 High Park dr
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