Harbor Freight Tools Midland

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 701 Joe Mann Blvd, in Midland, MI. The tool and equipment retailer is ideally located in a highly visited retail corridor adjacent to Midland Mall, benefiting from the shopping center’s annual foot traffic of 2.8+ million visits. The building totals 14,587 SF across 2.93 acres and features an original 10-year lease with +7 years remaining, subject to multiple renewal options. Additionally, the adjacent vacant pad serves as a potential future value-add opportunity for buyers to develop.

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 Property features a landlord-favorable double net lease providing limited responsibilities and full operating expense reimbursement. The lease also features 10.0% rent escalations every five years and five, five-year extension options. The Asset benefits from proximate national retail density that includes Home Depot, Target, Lowe’s, Marshalls, Kohl’s and Walmart.

Situated along Midland’s main retail corridor, the Property has superb visibility from multiple easily accessible thoroughfares with high traffic counts of 22,000+ VPD on average.

This excellent opportunity allows investors the ability to acquire one of the country’s most well-known tools and equipment retailers offering a passive and growing long-term cash flow, while providing incredible future value-add potential in the heart of Midland’s retail corridor.