Harbor Freight Tools | 1900 Howe Ave
Newly constructed dual drive-thru 7 Brew Coffee in Brownwood, Texas, offered at $1,683,000 at a 6.00% cap ($101,000 NOI). The single-tenant asset is secured by a 15-year absolute NNN ground lease with 10% rent increases every five years and zero landlord responsibilities. The structure is fully passive and management-free, which suits out-of-state and 1031 buyers.
Built in 2025, the 510 SF building sits on a 44,431 SF (1.02-acre) C-1 parcel with 12 parking spaces along Commerce Street (US-84/US-377), Brownwood's primary commercial corridor. The trade area is anchored by Walmart Supercenter, Home Depot, and United Supermarkets, with neighboring national QSR brands such as Chick-fil-A, McDonald's, Whataburger, and Starbucks. About 36,000 residents live within ten miles.
- 15-year absolute NNN ground lease with zero landlord responsibilities
- 10% rent increases every five years
- New 2025 construction, dual drive-thru
- Leased-fee ownership; passive, 1031-eligible income
- Anchored corridor alongside Walmart Supercenter and Home Depot
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- Harbor Freight Tools single-tenant retail property in Sacramento, California, offered at $4,650,000 at a 5.55% cap ($258,048 NOI). The 23,040 SF net-leased asset is anchored by Harbor Freight Tools under a recently executed 10-year lease extension backed by corporate guarantee. The NN lease structure limits landlord responsibilities to roof, structure, and HVAC, providing a highly passive ownership experience ideal for 1031 exchange buyers.
- Built in 1995, the single-story building occupies 1.28 acres with 104 parking spaces at 1900 Howe Ave, directly south of Home Depot and near Arden Fair Mall. The location benefits from strong retail synergy and excellent visibility, with approximately 40,800 vehicles passing daily. The surrounding infill market comprises more than 146,000 residents within a three-mile radius, with average household income exceeding $108,000. The current rental rate of approximately $0.85 per square foot NNN sits significantly below prevailing market rents, offering meaningful long-term upside potential.
- Highlights:
- Corporate-guaranteed 10-year lease extension with Harbor Freight Tools
- 5.55% cap rate with strong upside from below-market rent
- NN lease with limited landlord responsibilities
- 1,600+ location national retailer; recession-resistant business model
- Prime location: 40,800 daily vehicles; adjacent to Home Depot and Arden Fair Mall
- 146,000+ residents within three miles; average HHI $108,000+
More property details
Location
This 23,040-square-foot net-leased retail property offers a stable investment opportunity at a 5.55% capitalization rate, featuring Harbor Freight Tools as the sole tenant under a recently executed 10-year lease extension. Backed by a corporate guarantee from Harbor Freight Tools, a nationally recognized retailer with more than 1,600 locations nationwide, the property provides investors with a secure, long-term income stream. The tenant’s value-oriented business model and recession-resistant performance further strengthen the investment, while the NN lease structure, with limited landlord responsibilities for roof, structure, and HVAC, supports a highly passive ownership experience. The current rental rate of approximately $0.85 per square foot NNN remains significantly below prevailing market rents, offering meaningful long-term upside potential. Strategically located directly south of Home Depot and near Arden Fair Mall, the property benefits from strong retail synergy, excellent visibility, and exposure to approximately 40,800 vehicles per day. The surrounding infill market features more than 146,000 residents with an average household income exceeding $108,000 within a three-mile radius. Offered well below replacement cost at attractive pricing metrics, this corporate-backed asset also represents an excellent opportunity for 1031 exchange buyers seeking dependable, long-term cash flow with future value appreciation.