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Harbor Freight 1518 Tallahassee Hwy 15,500 SF Retail Building Bainbridge, GA 39819 $2,872,000 ($185.29/SF) 6.50% Cap Rate
EXECUTIVE SUMMARY
Minimal Landlord Responsibilities: This NN+ lease structure places minimal obligations on the landlord, providing a low-maintenance and hassle-free investment opportunity
Corporate Harbor Freight Lease: The lease is corporately guaranteed by Harbor Freight, one of America’s largest and fastest growing tool retailers, with over 1,600 stores across 48 states
Lease Term: Approximately 6.33 years remain on the primary lease term, with an additional 25 years available through option periods, offering investors long-term stability
Inflation-Hedging Rent Escalations: The lease includes 10% rent increases at the start of each 5-year option period, providing strong protection against inflation
Top 10 Workplace: Harbor Freight, employing over 28,000 associates, was recognized by Fortune as one of the Top 10 Best Workplaces in Retail in both 2023 and 2024, making them the only tool retailer to earn this distinction
Strong Retail Corridor: Situated directly on the 4-lane Tallahassee Highway, the property is surrounded by national retailers and traffic generators including Walmart, Chick-fil-A, Publix, Home Depot, Tractor Supply, and more
Downtown of the Year: Bainbridge’s historic and charming downtown was named “Downtown of the Year” in 2024 by the Georgia Downtown Association, further enhancing the area’s appeal
Corporate Harbor Freight Lease: The lease is corporately guaranteed by Harbor Freight, one of America’s largest and fastest growing tool retailers, with over 1,600 stores across 48 states
Lease Term: Approximately 6.33 years remain on the primary lease term, with an additional 25 years available through option periods, offering investors long-term stability
Inflation-Hedging Rent Escalations: The lease includes 10% rent increases at the start of each 5-year option period, providing strong protection against inflation
Top 10 Workplace: Harbor Freight, employing over 28,000 associates, was recognized by Fortune as one of the Top 10 Best Workplaces in Retail in both 2023 and 2024, making them the only tool retailer to earn this distinction
Strong Retail Corridor: Situated directly on the 4-lane Tallahassee Highway, the property is surrounded by national retailers and traffic generators including Walmart, Chick-fil-A, Publix, Home Depot, Tractor Supply, and more
Downtown of the Year: Bainbridge’s historic and charming downtown was named “Downtown of the Year” in 2024 by the Georgia Downtown Association, further enhancing the area’s appeal
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
15,500 SF
Building Class
B
Year Built
2021
Price
$2,872,000
Price Per SF
$185.29
Cap Rate
6.50%
NOI
$186,675
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.87 AC
Zoning
HC (Highway Commercial) - HC (Highway Commercial), City of Bainbridge
Parking
57 Spaces (3.68 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 00900-016-A00 | Improvements Assessment | $0 |
| Land Assessment | $332,600 | Total Assessment | $332,600 |
PROPERTY TAXES
Parcel Number
00900-016-A00
Land Assessment
$332,600
Improvements Assessment
$0
Total Assessment
$332,600
CONTACTS
-
Robert Schmidt, CCIM -
Peter Couchell, CCIM -
Lawrence Myers -
NAI Earle Furman LLC
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Harbor Freight | 1518 Tallahassee Hwy
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