Harbor Freight | Pearl (Jackson), MS
$1,735,385
3100 U.S. 80, Pearl, MS 39208
For Sale
Retail
Free Standing
Active
Last Updated: 03/24/2025
6.5
Cap Rate
112,800
NOI
Details:
Cap Rate: 6.5%
NOI: $112,800
Building Size: 15,000 sqft
Lot Area: 1.13 acres
Lease Type: Double Net
Year Built: 1975
Tenancy: Single
Parking Spots: 51
Lease Expire Year: 03/31/2029
Highlights:
- Harbor Freight is America’s #1 tool and equipment retailer with more than 1,550 locations nationwide.
- The tenant has been at this site since 2000, demonstrating their commitment to the location.
- There are four (4.2) years remaining on the lease term, plus three (3), five (5) year options.
- The lease structure is double net (NN), with minimal landlord responsibilities.
- Harbor Freight is an outparcel to Kroger and surrounded by other retailers including Walgreens, Church’s Texas Chicken, Rally’s, and Taco Bell, among others.
- There are 54,878 residents located in the five (5) mile demographic ring, and over 2,600 households in the one (1) mile demographic ring.
- The average household income in the five (5) mile demographic ring is $81,454.
- Harbor Freight is located on US-80, which reports traffic counts of 20,000 cars per day.
- Pearl is located just 4 miles (12 minutes) from Jackson, MS, which is the capital of and most populous city in the state of Mississippi. Jackson is the educational, cultural, medical, and governmental center of the state.
- The Jackson-Evers International Airport is located just 3 miles (8 minutes) from the subject property.
- Pearl is nestled along four transportation arteries in Mississippi: Interstate 55 and Interstate 20, U.S. Highways 80 and 49 and also provides easy access to national and international destinations with the Jackson-Evers International Airport.
Documents:
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Harbor_Freight_-_Pearl__Jackson___MS.pdf
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