20 High Park dr - Storefront Retail/Residential FOR SALE


Blue Ridge, GA 30513
$4,271,000 USD
415-481-0788
20 High Park dr, Blue Ridge, GA for Sale
$4,271,000 USD
Storefront Retail/Residential - FOR SALE
1/5
null | 6.65% Cap Rate

20 High Park dr
Blue Ridge, GA 30513


HIGHLIGHTS

  • New 10-year net lease with option periods, creating a stable, long-term investment
  • Scheduled approximate 10% rental increases every five (5) years in initial term and option periods
  • Harbor Freight Tools has been named to the 2023 list of Fortune’s Top Ten Best Workplaces in Retail, the only tool retailer to land in the top ten
  • One of the fastest-growing companies in retail, Harbor Freight Tools has more than 28,000 Associates and more than 1,400 stores nationwide
  • During 2022, the company launched 500+ new tools and products and added 122 new stores

OVERVIEW

This Harbor Freight Tools has a high-visibility and easily accessible location along U.S. Route 76, a major east-west thoroughfare connecting Tennessee to North Carolina (27,300 AADT) The property is a common gateway to Chattahoochee-Oconee National Forests, attracting approximately 3 million annual visitors ($100M+ in annual tourist spending) The location features a prime setting surrounded by major national employers, including Walmart Supercenter, The Home Depot, Food Lion, Ingles, Dollar General, CVS, T.J. Maxx, Taco Bell, Popeyes, Arby’s, Wendy’s, Starbucks, Dairy Queen, and many more The site greatly benefits from its proximity near Blue Ridge Lake, one of the top tourist attractions in the state that welcomes thousands of outdoor enthusiasts during peak seasons 50,875 residents live within a fifteen-mile radius of the site, providing a large and reliable customer base Projected population and income increases within 5-, 10-, and 15-mile radii over the next five years poise Blue Ridge and Georgia for steady concurrent growth

FOR SALE DETAILS

PRICE

$4,271,000 USD

PRICE/SF

$267 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Harbor Freight Tools

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

2.07 AC

LAND SF

89,960 SF

ZONING

-

APN/PARCEL ID

0045-05102

ASK ABOUT THIS PROPERTY

Michael YurasCushman & WakefieldMore Info
415-481-0788

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Michael YurasCushman & WakefieldMore Info
415-481-0788

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.