Freestanding Harbor Freight Investment
1272 Upper Front St Binghamton, NY
1272 Upper Front St, Binghamton, NY, 00000
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For Sale
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Single-tenant Harbor Freight in Binghamton, NY with long-term lease.
Property Size16,500 SF
Lot Size2.13 Acres
Price / SF$157.58
Days on Market330
Property Features for 1272 Upper Front St
General Information
- Standard status
- Active
- Size
- 16,500 SF
- Lot size
- 2.13 Acres
- Property subtype
- RETAIL
Listing agency
JLL - Corporate
(312) 228-2867
Listed by
Alex Geanakos · License #475189943
(212) 209-4506
Source
Moodyscre
Added: Aug 26, 2025 Updated: Jul 10 at 11:41AM Checked: Jul 21 at 4:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL - Corporate
Investment Insights
Based on property information with market context.
This freestanding single-tenant Harbor Freight property is located at 1272 Upper Front Street in Binghamton, NY. The property is occupied by Harbor Freight, operating under a NN lease with an initial lease term of 12.0 years. The lease includes 8% rent escalations every 5 years and a 10% escalation upon execution of the first renewal option, with five, five-year renewal options available. Situated along Upper Front St, just off Interstate 81, the property benefits from direct accessibility and high traffic volume of over 37,000 vehicles per day. As an outparcel to Northgate Plaza, which generates 1.1 million visits annually, the location is the most visited shopping center within a 5-mile radius and ranks in the 57th percentile of most visited shopping centers in New York. The property offers a total size of 16,500 square feet.
Key Highlights
- Freestanding single‑tenant Harbor Freight property
- NN lease with 12.0 years of initial lease term remaining
- 8% rent escalations every 5 years and a 10% escalation upon execution of first renewal option
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $247.5k | $15.00 |
| − Vacancy | −$10.4k | −$0.63 |
| EGI | $237.1k | $14.37 |
| − OpEx | −$71.1k | −$4.31 |
| NOI | $166.0k | $10.06 |
16,500 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.37M
$2.07M – $2.77M
NOI $165,974 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.09M
$3.58M – $4.78M
NOI $286,546 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Single-tenant Harbor Freight in Binghamton, NY with long-term lease.
Where is this retail space located?
The property is located at 1272 Upper Front St Binghamton, NY.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Freestanding single‑tenant Harbor Freight property; NN lease with **12.0 years of initial lease term remaining**; **8% rent escalations every 5 years** and a 10% escalation upon execution of first renewal option
