FOR SALE  $4,583,333   |   6.00% CAP RATE

Harbor Freight

304 E. Broadway Avenue, Moses Lake, WA 98837
Ranked the #1 hardware store within a 15-mile radius — Placer.ai
 

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.

 

PROPERTY DETAILS

PURCHASE PRICE $4,583,333
CAP RATE 6.00%
PRICE / SF $306
BUILDING SIZE 15,000 SF
LAND 1.03 Acres
YEAR BUILT 2018 / 2019
LEASE TYPE Modified NNN
TENANT Harbor Freight Tools USA, Inc.

304 E Broadway Ave

Investment Highlights

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Build-to-Suit

Purpose-built and expanded to roughly 15,000 SF for Harbor Freight’s 2019 occupancy, designed specifically to meet the tenant’s operational requirements.
 

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Hedge Against Inflation

10% rent increases throughout the option periods, the first arriving in roughly three years — an average return of 7.84% over the full lease.
 

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Proven Performance

Per Placer.ai, the store drives approximately 146,400 annual visits and $5.7M in estimated annual sales — the #1 hardware store within 15 miles.
 

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Prime Retail Corridor

Positioned on E. Broadway Avenue with 22,000+ VPD, alongside Walgreens, Safeway, AutoZone, Dutch Bros, and other national brands.
 

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