Harbor Freight Tools

Harbor Freight Tools

1518 Tallahassee Hwy
Bainbridge, GA

Price: $3,069,508
Cap: 6.10%
NOI: $187,240
Building Size: 15,500 SF
Lot Size: 1.87 AC

Investment Highlights

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the newly constructed build-to-suit for Harbor Freight Tools. The freestanding retail building was completed in 2021 and totals 15,500 square-feet, fully leased to Harbor Freight Tools with a corporate guarantee. The subject property rests on approximately 1.87 acres, and features upgraded brick construction on all visible sides of the building and is positioned to have excellent visibility via Tallahassee Road (7,790+ VPD). The tenant is on a long-term NN lease with approx imately 9 years of term remaining and five, 5-year options to re new with 10% rent escalations occurring each period.

While sitting directly adjacent to Tractor Supply Co, the subject property is primely located in a dense retail corridor, immediately surrounded by other national retailers including Home Depot, Chick-Fil-A, Walmart Super Center, Tractor Supply Co, Popeyes, O’Reilly Auto Parts, & many more. In 2009, the Georgia State Legislature declared Bainbridge the “Bass Capitol of Georgia.” The Flint River and Lake Seminole offer abundant fishing and water sports. Both attract thousands of amateur and professional fishermen, and many top bass tournaments are held throughout the year. Located less than 38 miles from Tallahassee, Florida, Bainbridge is also home to the Taurus Firearms manufacturing facility, which recently relocated from Miami, FL bringing along 300+ new jobs to the community.

New 2021 Construction | 100% Occupied by Harbor Freight Tools | Corporate Guarantee

NN Lease | Five, 5-Year Options to Renew Each with 10% Rent Increases | 9 Years of Term Remaining

Upgraded 3-Sided Brick Construction | No Deferred Maintenance or CapEx Needed | Minimal Landlord Responsibilities

Located in Dense Retail Corridor | Just Off of I-85 (19,000+ VPD)

Other National Retailers in Immediate Surrounding Area Include Home Depot, Chick-Fil-A, Walmart Super Center, & More

Household Income is $62,700 within a 1-Mile Radius | Located Less than 38 Miles from Tallahassee, Florida

Firearms Manufacturer, Taurus, Relocated to Bainbridge, GA Creating Over 300+ Jobs for the Community

Tenant has Right of First Refusal

Don McMinn

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