Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

941 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Harbor Freight 190 Susquehanna Blvd 16,144 SF Retail Building Hazleton, PA 18202 $5,744,640 CAD ($355.84 CAD/SF) 6.25% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

INVESTMENT HIGHLIGHTS

Newly Renovated & New Lease
Rent Increases
Strategic Location

Corporate Lease
Minimal Landlord Responsibilities
Strong Demographics

EXECUTIVE SUMMARY

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee simple interest in a single tenant Harbor Freight Tools located at 190 Susquehanna Boulevard in West Hazleton, Pennsylvania (the “Property”). The Property was completely renovated in 2023 for Harbor Freight Tools, who signed a brand-new, 10-year Double Net lease. The Lease currently has 7+ years of term remaining followed by five (5), 5-year renewal options. The lease features an attractive 10% rent increase at the start of the first four renewal options and fair market value for the last option. The Harbor Freight Tools property is positioned along Susquehanna Boulevard (PA Route 93), a well-traveled retail corridor in West Hazleton with strong visibility and convenient ingress and egress. The site is located near Laurel Mall, a dominant regional shopping destination, and benefits from proximity to a range of retail, dining, and services that support steady consumer traffic. The Property serves nearby residential neighborhoods and the broader Hazleton market and is strategically located with quick access to Interstate 81, providing efficient connectivity throughout northeastern Pennsylvania. Additionally, the location is convenient to Lehigh Valley Hospital–Hazleton, Penn State Hazleton, and major employment hubs at Humboldt and Valmont Industrial Parks. West Hazleton is situated approximately 35 miles south of Scranton and roughly 80 miles north of Allentown.

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Bowling Alley

Building Size

16,144 SF

Building Class

Year Built

1959

Price

$5,744,640 CAD

Price Per SF

$355.84 CAD

Cap Rate

6.25%

NOI

$359,040 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.13

Lot Size

2.78 AC

Zoning

Frontage

176’ on Congetta Dr

Signage

MAJOR TENANTS

Retailer
-
-
-

Chez Harbor Freight, il s'agit de bien plus que de simples outils. Il s'agit des opportunités que représentent les outils - les projets, les constructions, la résolution de problèmes, la créativité et le lien qu'ils leur donnent avec les autres. Les gens sont la raison pour laquelle ils s'engagent à fournir des outils de qualité à tout le monde aux prix les plus bas. Le voyage de Harbor Freight commence en 1977, lorsque Eric Smidt et son père lancent Harbor Freight Tools. Ils ont continué de fournir un incroyable assortiment d'outils de qualité aux professionnels et aux bricoleurs à des prix inférieurs à ceux des marques concurrentes. Ils ont investi massivement dans leurs installations d'assurance de la qualité à la fine pointe de la technologie. Ils ont embauché les meilleurs experts dans leur domaine pour concevoir et superviser le développement de leurs nouveaux produits, puis les soumettre à des tests rigoureux en laboratoire.