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Harbor Freight Tools (HFT) 2101 E Palmdale Blvd 24,695 SF Retail Building Palmdale, CA 93550 $4,982,039 CAD ($201.74 CAD/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- CAP Rate: 5.25%
- Low Rent per SF
- Over 143,000 People Within 5 Mile Radius Over $100,000 Average Income Within 5 Mi
- Major Thoroughfare of Palmdale
- Replaced Roof on 7/10/2020, 20 Years Warranty
- Over $100,000 Average Income Within 5 Mile Radius
EXECUTIVE SUMMARY
Harbor Freight Tools, commonly referred to as Harbor Freight, is an American privately held tool and equipment retailer, headquartered in Calabasas,
California. It operates a chain of retail stores, as well as an-commerce business. The company employs over 28,000 people in the United States, and
has over 1,600 locations in 50 states. 2024 Revenue was 8.0 Billion Dollars. The Store is performing very well according to the Manager.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$261,538
|
$10.59
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $261,538 |
| Annual Per SF | $10.59 |
PROPERTY FACTS
AMENITIES
- Bus Line
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- -
- $9.38 CAD
- Triple Net
- Feb 2029
Harbor Freight Tools is a privately held discount tool and equipment retailer founded in 1977 by Eric Smidt and Allan Smidt. Headquartered in Calabasas, California, the company began as a mail-order business and opened its first retail store in 1980. Harbor Freight operates over 1,600 stores across 48 states and employs more than 30,000 people. The retailer offers a wide range of products, including hand tools, power tools, automotive equipment, generators, and shop supplies, marketed under proprietary brands such as Pittsburgh, Bauer, Hercules, and U.S. General. Harbor Freight’s business model focuses on direct sourcing from manufacturers to reduce costs and provide tools at prices significantly lower than competitors. The company also maintains a strong e-commerce presence and offers financing options, loyalty programs, and extended service plans. Harbor Freight remains family-owned and is recognized for its commitment to affordability and value in the tool retail industry.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | - | $9.38 CAD | Triple Net | Feb 2029 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 3018-013-008 | Improvements Assessment | $1,515,730 CAD |
| Land Assessment | $2,712,363 CAD | Total Assessment | $4,228,093 CAD |
PROPERTY TAXES
Presented by
Harbor Freight Tools (HFT) | 2101 E Palmdale Blvd
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