Harbor Freight - Binghamton, NY

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in a freestanding single-tenant Harbor Freight located at 1272 Upper Front Street in Binghamton, NY (“Property” or “Asset”). The Property is occupied by Harbor Freight (“Tenant”) which operates on a NN lease with 12.0 years of initial lease term, 8% rent escalations every 5 years and a 10% escalation upon execution of first renewal option, and five, five-year renewal options.

Located in Binghamton, NY, The Property is situated along Upper Front St, just off Interstate 81 with direct accessibility to more than 37,000 vehicles per day. Harbor Freight is positioned as an outparcel to Northgate Plaza that generates 1.1 million visits annually and is the #1 most visited shopping center within a 5-mile radius and ranks in 57th percentile of most visited shopping centers in New York.