1272 Upper Front St - Retail FOR SALE
Binghamton, NY 13901 |
$2,347,000 USD
513-325-8682
1272 Upper Front St
Binghamton, NY 13901
HIGHLIGHTS
- LONG-TERM CORPORATE LEASE: Harbor Freight Tools recently executed a 12-year lease with a commencement date of December 1, 2025
- RECENT 2025 RENOVATION: The property underwent a comprehensive a complete interior and exterior transformation to suit Harbor Freight’s prototype
- INFLATION-HEDGE RENT GROWTH: The lease features a 8% rent increase scheduled for 12/1/2031, followed by 10% increase during the first option
- PASSIVE LEASE STRUCTURE: The tenant is responsible for reimbursing the landlord for taxes and insurance. Additionally, the tenant maintains interior
- HIGH-TRAFFIC CORRIDOR: Situated on Upper Front Street with exposure to over 22,000 vehicles per day (VPD), positioned between I-81 on/off ramps
- PROXIMITY TO REGIONAL RETAIL: Located 10 minutes from Oakdale Commons, a nearly 1 million-SF superregional shopping destination anchored by BJ’s &more
FOR SALE DETAILS
PRICE
$2,347,000 USD
PRICE/SF
$147 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Harbor Freight Tools | New 12 Yr Lease | NY
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1975
SPRINKLERS
-
PARKING SPACES
100
LAND DETAILS
LAND ACRES
2.13 AC
LAND SF
92,783 SF
ZONING
-
APN/PARCEL ID
032400-111-016-0001-024-000-0000
ASK ABOUT THIS PROPERTY
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513-325-8682
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513-325-8682
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