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Corporate Guarantee Harbor Freight

$2,502,031

4410 Central Avenue Southwest, Albuquerque, NM 87110

Active
Last Updated: 11/18/2024

6.25

Cap Rate

156,376.96

NOI

Details:
Cap Rate:    6.25%
NOI:    $156,376.96
Building Size:    16,376 sqft
Lot Area:    2.64 acres
Lease Type:    Double Net
Year Built:    1970
Zoning:    MX-M
Year Last Renovated:    2019
Description:

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 cotenancy including Burlington, Ross Dress for Less, Conn’s, Home Plus, Five Below, Starbucks, etc.

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Today's Available Mortgage Rates

75, 77, 79, 81, 83 Suydam Street, Brooklyn, New York 11221

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 06/14/2025
Agency*Lender #633
5 Year Fixed
30 Year Amortization
Interest rate 5.91% 5 Year Fixed
Mo. Payment$19,987 30 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 51% LTV $8,500 Lender fees
Loan Amount $3,366,000 Loan Amount
Details
Agency*Lender #633
7 Year Fixed
30 Year Amortization
Interest rate 5.94% 7 Year Fixed
Mo. Payment$20,051 30 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 51% LTV $8,500 Lender fees
Loan Amount $3,366,000 Loan Amount
Details
Bank*Lender #785
10 Year Fixed
25 Year Amortization
Interest rate 6% 10 Year Fixed
Mo. Payment$22,538 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 53% LTV $0 Lender fees
Loan Amount $3,498,000 Loan Amount
Details
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