Corporate Guarantee Harbor Freight
$2,502,031
4410 Central Avenue Southwest, Albuquerque, NM 87110
6.25
Cap Rate
156,376.96
NOI
Details:
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.
Documents:
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Location
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