Atlantic Capital Partners has been engaged to offer a free-standing, single-tenant, NNN lease Harbor Freight Tools in Morehead City, NC. Harbor Freight has experienced an uptick in popularity as the home improvement market, and therefore discount tool market, continues to thrive as expressed by their rapid expansion over the last 12 months. With 7.5+ years remaining on HFT’s initial term and the planned highway of I-42 currently under construction (connecting Raleigh to Morehead City), this property is set up for long term success and value appreciation through an increasingly popular discount tenant in a growing market.
- Strong Corporate Guaranty – 1,200+ Locations in 48 States and Growing
- Beneficiary of I-42 – Scheduled to be Complete before Harbor Freight’s Lease Expiration
- Thriving Industry – Home Improvement saw $439B in sales during 2020
- Favorable Demographics for Harbor Freight
- Landlord Friendly Lease Structure
- Excellent Visibility with Ease of Access
- Dense Retail Corridor