Harbor Freight Tools Washington

Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in the single-tenant Harbor Freight Tools (the “Property” or “Asset”) located at 93 Washington Heights Drive in Washington, Missouri. The tool and equipment retailer is conveniently situated along Route 100, which is highly trafficked and results in excellent visibility from 21,000+ VPD. The Property is surrounded by some of the most recognizable national and credit tenancy including a Walmart Supercenter and Lowe’s Home Improvement. Additionally, the Asset is approximately one mile down the road from the newly developed Phoenix Center II, featuring a Target, Five Below, Dick’s Sporting Goods, and much more.

Privately owned, Harbor Freight Tools has been in business since 1977 and now operates over 1,400 locations across 48 states that serve over 75 million customers. Harbor Freight continues to deliver an incredible assortment of quality tools to pros and DIYers alike at prices that are up to 80% less than competing brands.

The building totals 23,481 SF across 1.84 acres and features a landlord-favorable double net lease providing limited responsibilities and full operating expense reimbursement. The lease also features 10.0% rental escalations throughout the five, five-year extension options.

This excellent opportunity allows investors the ability to acquire one of the country’s most well-known tools and equipment providers located within Washington’s premier retail corridor. Notably, the Property offers a low initial basis and passive long-term cash flow located in a highly trafficked infill location minutes from downtown Washington.