1272 Upper Front St - Retail FOR SALE


Binghamton, NY 13901
$2,628,864 USD
786-566-1446
1272 Upper Front St, Binghamton, NY for Sale
$2,628,864 USD
Retail - FOR SALE
1/11
null | 6.25% Cap Rate

1272 Upper Front St
Binghamton, NY 13901


HIGHLIGHTS

  • Harbor Freight Tools is subject to a 12-year Double Net (NN) lease commencing 12/1/2025, providing a long-term, low-management-intensity income stream
  • The lease features scheduled rental increases of 8% every 5 years, w/ 10% growth built into the 1st option period, supporting long-term income growtht
  • The building totals approximately 16,500 rentable square feet on an estimated 2.13-acre parcel, an efficient footprint well-suited to Harbor Freight
  • Direct adjacency to Lowe's and Tractor Supply reinforces natural customer overlap with Harbor Freight's tool and hardware offering.
  • Draws from the broader ~245,000-population Binghamton Metropolitan Statistical Area, far exceeding the immediate village population.
  • Long-tenured surrounding retail and residential base reflects a mature, low-volatility trade area rather than an emerging or unproven location.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,628,864 USD

PRICE/SF

$164 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Harbor Freight Tools

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

Ronnie IssenbergSurmountMore Info
786-566-1446

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Ronnie IssenbergSurmountMore Info
786-566-1446

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.