Harbor Freight Tools | 4234 S I 35 Frontage rd
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Harbor Freight Tools 4234 S I 35 Frontage rd
16,088 SF Retail Building San Marcos, TX 78666 £4,570,291 (£284/SF) 6% Net Initial Yield
Investment Highlights
- New 10-year net lease with five, 5-year option periods
- One of the fastest-growing companies in retail, Harbor Freight Tools has more than 28,000 Associates and more than 1,400 stores nationwide
- New high-quality 2023 construction built to latest Harbor Freight Tools prototype
- Scheduled approximate 10% rental increases at the beginning of each option period
- During 2022, the company launched 500+ new tools and products and added 122 new stores
- Ample parking on a large 1.96-acre parcel
Executive Summary
Easily accessible location along I 35 Frontage Road with an additional access point from Gregsons Bend
High-visibility from Interstate 35 / Monarch Highway (143,995 AADT), a major north-south Texas thoroughfare extending from the Texas-Mexico border and passing through San Antonio, Austin, and Dallas
Excellent proximity to the San Marcos Outlet Malls (combined 240+ stores and 1.2 million SF of retail space), one of the top tourist attractions in the state that welcomes 14 million annual shoppers and triple the population of San Marcos during peak seasons
Surrounded by high-density single-family housing developments
45,064 residents live within five miles of the property, providing a reliable customer base for the site
Excellent average annual household income of $116,435 within a one-mile radius of the property
The nearby Kissing Tree (1,300-acre master planned, gated retirement community with an estimated 3,000 homes) and Alta Center Point (330 apartment homes) communities will prove to be a dependable source of affluent customers for this Harbor Freight Tools
Centrally located between San Antonio (2,454,000 population) and Austin (2,228,000 population), allowing the site to capture immense amounts of commuter traffic
High-visibility from Interstate 35 / Monarch Highway (143,995 AADT), a major north-south Texas thoroughfare extending from the Texas-Mexico border and passing through San Antonio, Austin, and Dallas
Excellent proximity to the San Marcos Outlet Malls (combined 240+ stores and 1.2 million SF of retail space), one of the top tourist attractions in the state that welcomes 14 million annual shoppers and triple the population of San Marcos during peak seasons
Surrounded by high-density single-family housing developments
45,064 residents live within five miles of the property, providing a reliable customer base for the site
Excellent average annual household income of $116,435 within a one-mile radius of the property
The nearby Kissing Tree (1,300-acre master planned, gated retirement community with an estimated 3,000 homes) and Alta Center Point (330 apartment homes) communities will prove to be a dependable source of affluent customers for this Harbor Freight Tools
Centrally located between San Antonio (2,454,000 population) and Austin (2,228,000 population), allowing the site to capture immense amounts of commuter traffic
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
16,088 SF
Year Built
2023
Price
£4,570,291
Price Per SF
£284
Net Initial Yield
6%
NOI
£274,210
Tenancy
Single
Number of Floors
1
Building FAR
0.19
Lot Size
1.96 AC
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 74-0098-0032-01 | Improvements Assessment | £118,256 |
| Land Assessment | £601,598 | Total Assessment | £719,854 |
PROPERTY TAXES
Parcel Number
74-0098-0032-01
Land Assessment
£601,598
Improvements Assessment
£118,256
Total Assessment
£719,854
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Harbor Freight Tools | 4234 S I 35 Frontage rd
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