Harbor Freight – Albuquerque, NM

Harbor Freight
4410 Central Ave SW, Albuquerque, NM 87105, USA

Sands Investment Group is pleased to exclusively offer for sale the 16,376 SF Harbor Freight NN Asset located at 4410 Central Avenue SW in Albuquerque, NM. This offering features significantly below-market in-place rent at $11 PSF compared to $18+ PSF market rates (CoStar), presenting a clear opportunity for future rental upside. The property was also recently renovated, with the tenant completing major improvements in 2019 (contact agent for details). Altogether, this asset represents a compelling investment opportunity with both stability and value-add potential.

  • Significantly Below-Market Rent: $11 PSF in-place vs. $18+ PSF market.
  • Strong-Performing Location: 80th percentile national performer.
  • Recently Renovated: Tenant completed major improvements in 2019 (contact agent for details).
  • Seller Financing: Rare seller financing available opportunity (contact agent for details).
  • Additional Supplemental Income: Site features a Bank of America ATM.
  • Strategically Located & Positioned: Densely populated area with over 103,481 residents within a 3-mile radius, prime positioning in a retail corridor, and robust traffic counts over 53K VPD.
  • Corporate guarantee: Secure corporate guarantee with Harbor Freight Tools USA, Inc.

In Cooperation With Sands Investment Group – Lic. #9623 BoR: Andrew Ackerman – Lic. NM #20310

Harbor Freight
4410 Central Ave SW, Albuquerque, NM 87105, USA

Harbor Freight

Starting in 1977 as a Southern California based mail order business, family-owned Harbor Freight has become America’s leading tool store, offering unbeatable value to over 75 million professional and DIY customers. The company has assembled a dream team of engineers and experts from across the tool industry to develop an incredibly wide assortment of tools offered exclusively at Harbor Freight that deliver the same quality and performance as leading competitors but at a fraction of the price. With over 1600 stores nationwide, Harbor Freight is one of America’s fastest growing retailers. Harbor Freight puts people first…its customers and its 26,000+ team members. The company was recently certified as a Great Place to Work™ for the third year in a row. It has also been recognized by Forbes® as one of the 20 best large companies to work for in retail for five years in a row, one of the nation’s best employers for veterans, and one of the 20 best large retail employers for women.

Price

$2,861,000

Cap Rate

6.75%

PREMISES

16,376 SF

YEAR BUILT

1970

RENEWAL OPTIONS

4 x 5 Year Options

Lease Expiration

04/30/2030

Lease Type

NN

RENTAL INCREASES

10% in Renewal Periods

BROKERS

List with SIG

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