Harbor Freight – Pearl, MS

Harbor Freight Tools
3100 Highway 80, Pearl, MS 39208, USA

Sands Investment Group is pleased to exclusively offer the 15,000 SF Harbor Freight NN Asset located at 3100 Highway 80 East in Pearl, MS, just 4 miles from downtown Jackson. Harbor Freight, America’s #1 tool and equipment retailer, has operated here since 2000 and ranks as the top-performing store in the state. The Double Net (NN) Lease offers minimal landlord responsibilities and features strong rent growth. Positioned outparcel to Kroger with visibility to 20,000 VPD, this asset offers a stable, inflation-hedged investment in a high-traffic retail corridor.

  • Industry Leading Retailer: Harbor Freight is America’s #1 tool and equipment store with more than 1,550 locations nationwide, recognized by Forbes and TIME as one of the nation’s best retail employers and fastest-growing value retailers.
  • Attractive Rent Growth: The lease features a 17% rent increase in the next option period, followed by 10% increases every five years, providing steady income growth and a strong hedge against inflation.
  • Additional Income Source: The property includes a secondary dumpster lease, generating an additional $600 per year in revenue and enhancing overall return.
  • Tenant Investment and Renewal Confidence: Harbor Freight recently invested in a full façade upgrade, reflecting a long-term commitment to the site and increasing the likelihood of future renewal.
  • Proximity to Jackson: Strategically positioned just 4 miles from downtown Jackson, the state capital and most populous city in Mississippi, offering strong economic fundamentals and regional connectivity.
  • Long Term Historical Tenancy: Harbor Freight has operated at this location since 2000, showcasing over two decades of consistent performance and a proven commitment to the site.
  • Prime Retail Corridor: Outparcel to Kroger along US-80 with visibility to 20,000 vehicles per day and surrounded by national retailers including Walgreens, Taco Bell, Church’s Texas Chicken, and Rally’s, driving consistent daily traffic.
  • Low Management Structure: Double Net (NN) Lease with minimal landlord responsibilities, offering a passive and predictable income stream.

 

In Cooperation With Sands Investment Group Mississippi, LLC – Lic. #22675 BoR: Andrew Ackerman – Lic. MS #22616

Harbor Freight Tools
3100 Highway 80, Pearl, MS 39208, USA

HARBOR FREIGHT TOOLS USA, INC.

Founded in 1977, Harbor Freight Tools USA, Inc. is a leading American retailer specializing in high-quality tools and equipment at value-driven prices. With more than 1,600 locations nationwide, the company serves both professional tradespeople and DIY customers through a broad selection of hand tools, power tools, automotive, and shop equipment. Headquartered in Calabasas, California, Harbor Freight has built its reputation on delivering exceptional value without compromising quality, backed by an in-house product development team and rigorous testing standards. Recognized by Forbes and TIME as one of the nation’s best retail employers and fastest-growing value retailers, Harbor Freight continues to expand its footprint through strategic growth, customer loyalty, and a commitment to innovation and service excellence.

Price

$1,670,000

Cap Rate

6.75%

PREMISES

15,000 SF

RENEWAL OPTIONS

3 x 5 Year

Lease Expiration

03/31/2029

Lease Type

NN

RENTAL INCREASES

17% in Option 1, 10% in Options 2 & 3

BROKERS

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