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For Sale Single Tenant Harbor Freight Tools

$2,422,000

1735 West Florida Avenue, Hemet, CA 92545

Active
Last Updated: 09/17/2024

6.25

Cap Rate

151,400

NOI

Details:
Cap Rate:    6.25%
NOI:    $151,400
Building Size:    20,571 sqft
Lot Area:    1.16 acres
Lease Type:    Absolute Net
Year Built:    1970
Highlights:
  • ±20,571 SF property leased by National Tenant, Harbor Freight Tools
  • 11 years remaining on lease term, and four (4), five (5) year options
  • Recent parking lot resurfacing
  • Situated off heavily trafficked West Florida Ave (Highway 79)
  • Numerous nearby synergistic national retailers including Red Robin, Chili’s, Sprouts Farmers Market, PetSmart, Ulta Beauty, and more
Description:

Avison Young is pleased to present the sale of the Harbor Freight Tools located at 1735 West Florida Avenue in Hemet, California. This ±20,571 SF property is located at in a busy retail center in a large commercial corridor of Hemet. Located off of main thoroughfare West Florida Avenue (±30,520 VPD), the asset gets great street visibility and their is ample parking for customers at the center. Harbor Freight has 11 years remaining on the base term of the lease, and they have four (4), five (5) year options. This is an excellent opportunity to invest in a stable asset in the coveted California retail market

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