Harbor Freight Tools | 15 YR NNN Sale
$5,596,000
95 Dominion Drive, Farmville, VA 23901
5.75
Cap Rate
321,780
NOI
Details:
Description:
HARBOR FREIGHT TOOLS
Harbor Freight Tools (HFT), co-founded in 1977 by father and son team Allan and Eric Smidt, started as a small mail-order tool business in North Hollywood, California. Initially, the company focused on providing high-quality tools at affordable prices by sourcing them directly from manufacturers and cutting out the middle man. The company's commitment to value and a broad selection of tools helped it grow rapidly.
By the 1980's, Harbor Freight Tools had expanded its catalog and opened its first retail store. The chain continued to expand throughout the 1990s and 2000s, becoming a prominent name in the discount tool and equipment market.
Today, Harbor Freight is based in Camarillo, California, operates 1,500+ stores across 48 states and generates annual sales exceeding $8B. HFT is still known for offering a wide range of tools, equipment and automotive products, maintaining its reputation for low prices and extensive selection. The company is BB- Rated by S&P Global Ratings, B1 Rated by Moody';s.
Documents:
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Farmville__VA_OM_-_HF.pdf
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Location
Gallery
