FOR SALE $4,583,333 | 6.00% CAP RATE
Harbor Freight
304 E Broadway Ave
Investment Overview
ACRE Commercial is pleased to present the exclusive opportunity to acquire a single-tenant Harbor Freight Tools located at 304 E. Broadway Avenue in Moses Lake, Washington. Offered at $4,583,333 (6.00% cap rate), the property consists of approximately 15,000 square feet on 1.03 acres, leased to Harbor Freight Tools USA, Inc.
Completed as a build-to-suit in 2019, the store has become a top-performing location, generating approximately 146,400 annual visits and an estimated $5.7 million in annual sales, while ranking as the #1 hardware store within a 15-mile radius, according to Placer.ai.
With approximately three years remaining on the initial lease term, the property offers five 5-year renewal options with 10% rent increases at each option period, an average return of 7.84% over the full lease term, including options.
304 E Broadway Ave
Investment Highlights
Learn More About This Opportunity
Request The Full Offering Memorandum
Download the complete OM for lease abstract, rent schedule, demographics, and additional site photography, or reach out directly with questions.
Chris Edwards
Hawkins Edwards Inc. (DBA Acre)
Office: 509-838-8500
Cell: 206-475-5578
Email: chris.edwards@43560.com