Harbor Freight Tools New 12 Yr Lease Renovated 2025… — Sale in Syracuse, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Syracuse, NY 13901

Investment Figures

Cap rate
7.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

We're pleased to present the offering for Harbor Freight Tools located just outside Syracuse, New York. Investment Highlights: • LONG-TERM CORPORATE LEASE: Harbor Freight Tools Recently Executed a 12-Year Lease with a Commencement Date of December 1, 2025, Providing a Stable, Long-Term Income Stream through 2037 • RECENT 2025 RENOVATION: The Property Underwent a Comprehensive a Complete Interior and Exterior Transformation to Suit Harbor Freight's Prototype • INFLATION-HEDGE RENT GROWTH:The Lease Features a 8% Rent Increase Scheduled for 12/1/2031, Followed by 10% Increase during the First Option and 8% at the Start of the Remaining Option Terms • PASSIVE LEASE STRUCTURE: The Tenant is Responsible for Reimbursing the Landlord for Taxes and Insurance. Additionally, the Tenant Maintains the Interior, HVAC, and Performs Routine Exterior Maintenance such as Snow removal and landscaping. Landlord responsibility is strictly limited to structural elements, including the foundation, roof, and exterior • HIGH-TRAFFIC CORRIDOR: Situated on Upper Front Street with Exposure to Over 22,000 Vehicles Per Day (VPD), the Site Benefits from being Positioned Directly Between the I-81 On-and-Off Ramps • DOMINANT EDUCATIONAL HUB: • SUNY BROOME COMMUNITY COLLEGE: Within Walking Distance, Boasting a Fall 2025 Enrollment of 6,000 students (a recent 15% surge). • BINGHAMTON UNIVERSITY (SUNY): A 12-minute drive to a premier R1 research institution with 20,000+ students and 2,000+ faculty members. • CHENANGO VALLEY SCHOOLS: Adjacent to the Middle and High school campus serving 1,600+ students. • PROXIMITY TO REGIONAL RETAIL: Located 10 Minutes from Oakdale Commons, a Nearly 1 Million-Square-Foot Super Regional Shopping Destination Anchored by BJ's Wholesale, JCPenney, Dave & Buster's, and the Flagship Dick's House of Sport • STRONG LOCAL DEMOGRAPHICS: The Site Serves a Dense Trade Area of Approximately 80,000 Residents Within a Five-Mile Radius. The Immediate One-Mile Radius Features Affluen

Market Context

This retail in Syracuse, NY is listed for sale. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 99 days. Compare it against other retail listings for sale in Syracuse, NY — view the full market.

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