The Issenberg-Britti Group of Surmount is pleased to present for sale this 16,500 square foot on 2.13 acres Harbor Freight Store located at 1272 Upper Front Street in Binghamton, New York (Population 47,969) and the principal city of the Binghamton Metropolitan Area (Population 247,000 residents). Binghamton is home to Binghamton University (18,000 Students) a major employment driver. Also nearby this property is SUNY Broome Community College (5,500 Students).
This attractive NN lease boasts eight percent increases in rent every five years, and a ten percent increase upon execution of the first renewal option.
Nearby businesses include Lowe’s, Weis Markets, ALDI, Tractor Supply, Arby’s, Burger King, Valvoline, Wendy’s, CVS, Subway and many more. This Harbor Freight property is located on Upper Front Street (US 11) which is just off Interstate 81 which sees more than 37,000 vehicles per day. Harbor Freight is an outparcel to Northgate Plaza which is a Number 1 most visited shopping center in a 5-mile radius and boasts over 1.1 million visits annually.
Apartment complexes surrounding this Harbor Freight include Glen View Apartments, Ely Park Apartments, Country Town Apartments, Executive Apartments, Indian Ridge Apartments, and 100 Chenango Place.
Harbor Freight Tools is a private American retail company headquartered in Calabasas, California and founded in 1977 by Eric Smidt and his father Alan Smidt. The company operates over 1,600 discount tool stores nationwide and employs over 30,000 people.