Harbor Freight Tools | Blue Ridge, GA
16,000 SF | 100% Leased | Retail Building | Blue Ridge, GA 30513 | $4,473,000 ($280/SF) | 6.35% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,473,000
- Sale Condition
- 1031 Exchange
- Property Type
-
Retail
- Square Feet
- 16,000 SF
- Price / Square Foot
- $280
Listing Contacts
Michael Yuras
Verified Profile
Jack Hinson
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Vincent Aicale
Verified Profile
Ryan Forsyth
Verified Profile
Scott Crowle
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Kevin Murray
Verified Profile
- Property Info
Property Overview
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 Details
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Storefront Retail/Residential
Highlights
- New 10-year net lease with option periods, creating a stable, long-term investment
- Scheduled approximate 10% rental increases every five (5) years in initial term and option periods
- 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
- One of the fastest-growing companies in retail, Harbor Freight Tools has more than 28,000 Associates and more than 1,400 stores nationwide
- During 2022, the company launched 500+ new tools and products and added 122 new stores
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