Colliers is pleased to offer to qualified investors a retail investment opportunity in Forth Worth, Texas. The Property totals 16,000 SF on 1.62 acres built in 2020. The Property is located at 3569 NW Centre Dr, Lake Worth (Fort Worth), Texas 76135 and 100% leased to Harbor Freight Tools USA, Inc.. Harbor Freight Tools has over 10 years remaining on an NN lease offering 10% increases every 5 years.
Harbor Freight Tools has an S&P credit rating of BB-/Stable and consistently reports revenues above $5 billion. The company employs over 20,000 people and operates over 1,000 locations in 48 states in 2020 Harbor Freight plans on opening 2 stores per week. The essential retailer sells many necessary home/automotive products, including generators, and all of their locations are currently open and operating.