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Miscellaneous

Harbor Freight Tools

4868 E Carefree Hwy, Cave Creek, AZ 85331

Listing Price: $4,643,000

Cap Rate
5.75%
Tenant Name
Harbor Freight Tools USA, Inc.
Years Remaining On Lease
9.8
Gross SF
15,300
Guarantor
Corporate Guarantee
Rentable SF
15,300
Price/Gross SF
$303.46
Lease Type
Double Net
Rent Per Square Feet
$17.45

Investment Overview

Founded in 1977 in Southern California, Harbor Freight Tools is a privately-held tool and equipment retailer. The company was established with the mission of bypassing. Harbor Freight Tools is one of the nation’s fastest-growing retailers, with more than 1,400 stores throughout the U.S.

Cave Creek, situated in the Sonoran Desert, is a town located in Maricopa County, Arizona, and is part of the Phoenix Metropolitan Area. With a population of roughly 5,000 residents, Cave Creek offers a special blend of Western charm, natural beauty, and a thriving arts community.

Investment Highlights

  • 10 Years Remaining on Lease with Harbor Freight Tools
  • Brand New High-Quality 2023 Construction
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • High Visibility Location Along East Carefree Highway (Over 31,500 Vehicles per Day)
  • Shared Ingress and Egress with National Retailer, Verizon
  • Across the Street from Fry's, The Home Depot, Wendy's, Circle K, and Firestone
  • Rapidly Growing Phoenix MSA Trade Area with Population and Households Projected to Increase 10 – 12 Percentby 2027
  • Located Along Strong Retail Corridor with Lowe's, Walmart Supercenter, Sprouts Farmers Market, Tractor Supply Co, and Many More

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Miscellaneous

Harbor Freight Tools

Listing Price: $4,643,000

Cap Rate
5.75%
Tenant Name
Harbor Freight Tools USA, Inc.
Years Remaining On Lease
9.8
Gross SF
15,300
Guarantor
Corporate Guarantee
Rentable SF
15,300
Price/Gross SF
$303.46
Lease Type
Double Net
Rent Per Square Feet
$17.45

Investment Highlights

  • 10 Years Remaining on Lease with Harbor Freight Tools
  • Brand New High-Quality 2023 Construction
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • High Visibility Location Along East Carefree Highway (Over 31,500 Vehicles per Day)
  • Shared Ingress and Egress with National Retailer, Verizon
  • Across the Street from Fry's, The Home Depot, Wendy's, Circle K, and Firestone
  • Rapidly Growing Phoenix MSA Trade Area with Population and Households Projected to Increase 10 – 12 Percentby 2027
  • Located Along Strong Retail Corridor with Lowe's, Walmart Supercenter, Sprouts Farmers Market, Tractor Supply Co, and Many More

Investment Overview

Founded in 1977 in Southern California, Harbor Freight Tools is a privately-held tool and equipment retailer. The company was established with the mission of bypassing. Harbor Freight Tools is one of the nation’s fastest-growing retailers, with more than 1,400 stores throughout the U.S. Cave Creek, situated in the Sonoran Desert, is a town located in Maricopa County, Arizona, and is part of the Phoenix Metropolitan Area. With a population of roughly 5,000 residents, Cave Creek offers a special blend of Western charm, natural beauty, and a thriving arts community.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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