Harbor Freight & Little Caesars

Retail-Commercial for Sale
Catylist Listing ID: 30618409
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 22,548 SF
Gross Building Area: See Agent
Gross Land Area: 1.91 Acres
Sale Price: $3,210,717
Unit Price: $142.39 PSF
Has Drive-Thru? Yes
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 7.25%
Average Occupancy Rate: 100
Last Updated: 4/5/2021

Overview / Comments

Low Risk Multi-Tenant Retail Investment Opportunity
1705 N Main is located in one of Roswell’s main retail corridors and is surrounded by numerous nationally recognized retailers. The property is 100% occupied by Harbor Freight (89.64%) and Little Caesars (10.36%) both with long term NN leases in place. The asset is well maintained with the current ownership recently investing $1.7 Million dollars of capital improvements into the property, including a new roof.

INVESTMENT SUMMARY
Offering Price $3,210,717 - Cap Rate 7.25% - Current NOI $232,777

Current Tenants

Tenant Business Name Harbor Freight Tools
Industry Type Retail Trade
Is Renting? Yes
Tenant Business Name Little Caesar Enterprises
Industry Type Retail Trade
Is Renting? Yes

Additional Details

Nearest MSA: Roswell
County: Chaves
Tax ID/APN: 4136060027319000000
Zoning: C2
Retail Clientele: General, Family, Business, Traveler, Recreation
Property Visibility: Excellent
Largest Nearby Street: N Main Street
Traffic/Vehicle Count: 17,067
Highway Access: US Highway 285
Airports: Roswell International Air Center
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2004
Roof Type: Flat
Exterior Description: Building: Concrete block and wood frame construction Exterior Walls: Stucco plaster walls Roof: Built up composition HVAC: Mounted HVAC units
Parking Type: Surface
Parking Description: The property, in its current configuration, provides an abundant amount of parking directly in front of this site.
Zoning Description: C-2 (Commercial Zone)
Lot Frontage: The site benefits from approximately 270 linear feet of frontage on N. Main Street (US Highway 285).
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,019 37,047 50,720
Median Age: 37.78 36.21 35.93
Households: 2,907 14,120 18,993

Contact

Photograph of Listing Agent

Jim P Dountas

CBRE, Inc.
CARNM CIE Member
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