Harbor Freight Retail Property

Highlights:

• Excess Land
• Heart of Southside Retail
• Excellent access
• Long-term, stable Tenant
• Under market rent

Description:

This two tenant retail offering is anchored by Harbor Freight (12,850 sq. ft.) and has a restaurant space (1,900 sq. ft.) available with a new lease signed June 2025. The offering cap rate of 8.47%, based on current income and expenses (security patrol not included on reimbursement or expense) presents a great opportunity for the new owner to grow the return. Harbor Fright has occupied the building since 2002 and has completed two renovations and expansions since the original occupancy. The building exterior was e-painted in March 2025 and a new roof was installed on Harbor Freight February 2025. The base rate for Harbor Freight is under current market rates and provides stability for future lease extensions and upside potential.

There is excess land with frontage on Largo Drive available for future development. The Harbor Freight Lease allows for up to a 4,000 sq. ft. single or multi-tenant building.

Well located property in the heart of the Southside Savannah retail and restaurant corridor. Direct frontage and access from Largo Drive, which serves as access to the Publix/Staples Shopping Center. Georgia Southern Armstrong Campus is located just west of the property, and the Truman Expressway ends at Abercorn Street just east of the property. Retailers in the immediate area include Lowe's, Home Depot, Hobby Lobby, PetSmart, Publix, Staples, and Walmart Market. Abercorn Street is the main east-west road connecting the east islands to the Southside. Two major projects planned for the immediate area include a new Chatham County recreation/entertainment facility and a new Georgia Southern University Dental School.

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