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1929 Mount Zion Rd
Morrow, GA 30260
Harbor Freight Tools: Morrow, GA · Retail Property For Sale
Investment Highlights
- Ten-year double net lease with Harbor Freight Tools, featuring scheduled rental increases and renewal options.
- Located within an established retail corridor anchored by national tenants, including Lowe’s Outlet, La Fitness, Ross, and AMC Theatres.
- Less than 10 miles from Hartsfield-Jackson Atlanta International Airport and 17 miles from Downtown Atlanta, ensuring high accessibility and traffic f
- Positioned along Mt. Zion Road, offering direct interstate access and visibility to over 180,000 daily commuters.
- Benefits from strong area demographics, including nearly 79,000 residents and an average household income of $75,581 within three miles.
- Surrounded by robust commercial inventory, including 8.7M SF of retail and 11,400 multifamily units within three miles, adding customer base density.
Executive Summary
This asset presents an opportunity to acquire a 16,531 SF Harbor Freight Tools property on 1.65 acres in Morrow, GA, situated within the Atlanta Metropolitan Statistical Area (population over 6.4 million). The tenant, Harbor Freight Tools USA, Inc., operates under a double net lease with 10 years remaining and a 10% rent increase scheduled in 2031, plus five additional five-year renewal options. The lease started in 2026 following renovations and delivers stable income with minimal landlord responsibilities.
The property is part of a 400,000 SF regional shopping center, The Shoppes at Morrow Station, strategically positioned along Mt. Zion Road with visibility to 24,200 vehicles per day and direct access to Interstate 75 (over 156,000 vehicles per day). The retail corridor features robust co-tenancy with O’Reilly Auto Parts, Lowe’s Outlet, Ross Dress for Less, LA Fitness, and AMC Theatres, among others. Nearby amenities include restaurants, banks, and service providers, driving consistent consumer traffic.
The broader area benefits from extensive retail, industrial, and multifamily development, supporting long-term stability and growth. Positioned less than 10 miles from Hartsfield-Jackson Atlanta International Airport and 17 miles from Downtown Atlanta, this location offers connectivity and resilience, making it an attractive investment within a high-density commercial trade area.
The property is part of a 400,000 SF regional shopping center, The Shoppes at Morrow Station, strategically positioned along Mt. Zion Road with visibility to 24,200 vehicles per day and direct access to Interstate 75 (over 156,000 vehicles per day). The retail corridor features robust co-tenancy with O’Reilly Auto Parts, Lowe’s Outlet, Ross Dress for Less, LA Fitness, and AMC Theatres, among others. Nearby amenities include restaurants, banks, and service providers, driving consistent consumer traffic.
The broader area benefits from extensive retail, industrial, and multifamily development, supporting long-term stability and growth. Positioned less than 10 miles from Hartsfield-Jackson Atlanta International Airport and 17 miles from Downtown Atlanta, this location offers connectivity and resilience, making it an attractive investment within a high-density commercial trade area.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
16,531 SF
Building Class
C
Year Built
1997
Price
$2,688,169 CAD
Price Per SF
$162.61 CAD
Cap Rate
7.25%
NOI
$194,892 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.64 AC
Zoning
C - General Business
Parking
83 Spaces (5.02 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 12-0083A-00A-006 | Improvements Assessment | $0 CAD |
| Land Assessment | $359,025 CAD | Total Assessment | $359,025 CAD |
Property Taxes
Parcel Number
12-0083A-00A-006
Land Assessment
$359,025 CAD
Improvements Assessment
$0 CAD
Total Assessment
$359,025 CAD
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