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Harbor Freight

993 Coshocton Ave, Mount Vernon, OH 43050

Listing Price: $1,287,000

Cap Rate
7.25%
Tenant Name
Harbor Freight
Years Remaining On Lease
10.10
Guarantor
Corporate Guarantee
Rentable SF
15,555
Lease Type
Double Net
Rent Per Square Feet
$6.00

Investment Overview

Harbor Freight Tools is a privately held discount tool and equipment retailer, headquartered in Calabasas, California, which operates a chain of retail stores, as well as a mail-order and e-commerce business. The company employs over 20,000 people in the United States and has 1,000 locations in 48 states. On August 14th, 2019, they opened their 1,000th store in Louisville, Kentucky. Harbor Freight tests their tools in their own quality assurance facility located in Calabasas, California, which opened in 2010. Mount Vernon is a city in, and the county seat of, Ohio’s Knox County, approxi-mately 40 miles northeast of Columbus. As of 2019, the estimated population is just under 17,000 people. Ohio Magazine voted the city “Best Hometown” from 2017 to 2018. Mount Vernon has a rich entrepreneurial spirit and is home to a variety of restaurants and retailers, as well as spacious and charming parks and bike paths.

Investment Highlights

  • Brand New 10-Year Lease with Corporate Guaranty
  • Rental Increases During Each 5 Year Option Period
  • Situated in Dense Retail Corridor - Lowe's, Walmart, Kroger, Rural King, Tractor Supply Co, McDonald's, Taco Bell, and More
  • 28,350 Residents within a 5-Mile Radius - Mount Vernon Trade Area
  • Located Along Coshocton Ave (Highway 36), Mount Vernon's Main Thoroughfare -Visible to 19,650+ Cars/Day
  • Average Household Income Exceeds $61,000 within 5 Miles of the Subject Property

Exclusively Listed By

Listing Price: $1,287,000

Cap Rate
7.25%
Tenant Name
Harbor Freight
Years Remaining On Lease
10.10
Guarantor
Corporate Guarantee
Rentable SF
15,555
Lease Type
Double Net
Rent Per Square Feet
$6.00

Investment Highlights

  • Brand New 10-Year Lease with Corporate Guaranty
  • Rental Increases During Each 5 Year Option Period
  • Situated in Dense Retail Corridor - Lowe's, Walmart, Kroger, Rural King, Tractor Supply Co, McDonald's, Taco Bell, and More
  • 28,350 Residents within a 5-Mile Radius - Mount Vernon Trade Area
  • Located Along Coshocton Ave (Highway 36), Mount Vernon's Main Thoroughfare -Visible to 19,650+ Cars/Day
  • Average Household Income Exceeds $61,000 within 5 Miles of the Subject Property

Investment Overview

Harbor Freight Tools is a privately held discount tool and equipment retailer, headquartered in Calabasas, California, which operates a chain of retail stores, as well as a mail-order and e-commerce business. The company employs over 20,000 people in the United States and has 1,000 locations in 48 states. On August 14th, 2019, they opened their 1,000th store in Louisville, Kentucky. Harbor Freight tests their tools in their own quality assurance facility located in Calabasas, California, which opened in 2010. Mount Vernon is a city in, and the county seat of, Ohio’s Knox County, approxi-mately 40 miles northeast of Columbus. As of 2019, the estimated population is just under 17,000 people. Ohio Magazine voted the city “Best Hometown” from 2017 to 2018. Mount Vernon has a rich entrepreneurial spirit and is home to a variety of restaurants and retailers, as well as spacious and charming parks and bike paths.

Exclusively Listed By

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