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Harbor Freight Tools & Skechers 1617 Douglas Blvd 35,988 SF 100% Leased Retail Building Roseville, CA 95661 $11,935,116 CAD ($331.64 CAD/SF) 6.36% Cap Rate

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INVESTMENT HIGHLIGHTS

Skechers (NYSE: SKX) & Harbor Freight Tools – Strong Corporate Credit – Corporate Lease Guarantees
New 10-Year Triple (NNN) Leases With 10% Rent Escalations Every 5 Years – Tenants Actions Clearly Show Strong Commitment to This Location
A+ Real Estate Location – Douglas Blvd. Frontage – Less Than 1/2 Mile From I-80 Freeway Exit – Shadow Anchored by Hobby Lobby & Ross Dress for Less

Subject Property Completely Renovated In 2024 & 2025 – No Deferred Maintenance – New Roof, HVAC & Parking Lot
Tenants Are Paying an Under-Market Rent Of $15.00 PSF– Below the Current $24-$28/PSF NNN Market Rental Rate
Strong Demographics – Growing Affluent Sacramento Suburb With 2.6M People in the MSA

EXECUTIVE SUMMARY

Lee & Associates is pleased to present the Two-Tenant Harbor Freight & Skechers 100% leased investment opportunity in Roseville, CA, part of the Sacramento MSA. Featuring new 10-year leases with both tenants with below-market rents, and 2025 renovations including a new roof, HVAC system, and parking lot. The Subject property sits just off the I-80 exit with over 179,000 VPD, in a dense traffic and retail trade corridor. The surrounding tenants include Hobby Lobby, Ross, Walmart, Target, Trader Joe’s, TJ Maxx, and Raley’s. The Roseville/Rocklin is an affluent suburb of Sacramento with an average household income of $139,000 and a population of over 270,000 within a 5-mile radius.

Skechers & Harbor Freight, Roseville, CA

PROPERTY FACTS

Sale Type

Investment NNN

Sale Condition

1031 Exchange

Property Type

Retail

Property Subtype

Freestanding

Building Size

35,988 SF

Building Class

Year Built/Renovated

1974/2025

Price

$11,935,116 CAD

Price Per SF

$331.64 CAD

Cap Rate

6.36%

NOI

$758,508 CAD

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.24

Lot Size

3.41 AC

Zoning

CC Special area overlay

Parking

195 Spaces (5.42 Spaces per 1,000 SF Leased)

Frontage

265’ on Douglas Blvd

Pylon Sign

Signage

Harbor Freight
Retailer
99,999 SF
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Retailer
99,999 SF
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A Fortune 500® company headquartered in Southern California, Skechers has spent years helping men, women and kids everywhere look and feel good. Developing comfort technologies is at the foundation of all that they do—delivering stylish, innovative, and quality products at a reasonable price. From their diverse footwear offering to a growing range of apparel and accessories, Skechers is a complete lifestyle brand. With international business representing over half of their total sales, Skechers has products available in multiple countries and significant opportunities for continued expansion worldwide. Skechers sells their collections direct to consumers through around the globe and Skechers e-commerce sites, as well as through a network of third-party partners.