Harbor Freight Tools Kent, WA

18128 E Valley Hwy
Kent, WA

Price: $6,219,000
Cap Rate: 5.65%
NOI: $351,336
Building Size: Approx. 15,600 Sq. Ft.
Lot Size: Approx. 1.72 Acres
Type: Single-Tenant / Retail
Sub Category: Retailer
Year Built: 2004

Investment Overview

  • 2004 Construction 15,600+/- SF Building on 1.72+/- Acre Site
  • 15-year Corporate Net Lease plus four, 5-year options to extend
  • Strategically located along Valley Hwy. (22,002 VPD) in Kent, WA
  • The subject property is located within a dense office, industrial, and flex development market with approximately 82,269 employees within a 3-mile radius
  • Notable tenants in the area include Costco, Ikea, Home Depot, Nordstrom Rack, Macy’s, Ross, Old Navy, Chick-Fil-A, Chipotle, and many more
  • Downtown Kent is located 19 miles south of Seattle, WA and is the 6th largest city in the state
  • Average Household Income within a 3-mile radius of the subject property is $97,446