Net-Leased Retail
1900 Howe Ave Sacramento, CA 95825
1900 Howe Ave, Sacramento, CA, 95825
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For Sale
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Fully leased Harbor Freight Tools location offered under an NNN structure with limited landlord responsibilities.
Property Size23,040 SF
Price / SF$208.33
Days on Market98
Property Features for 1900 Howe Ave
General Information
- Standard status
- Active
- Size
- 23,040 SF
- Property subtype
- INDUSTRIAL
Listing agency
CBRE - Downtown Los Angeles
(213) 613-3071
Listed by
Patrick Wade · License #CA 01454690
(213) 613-3071
Source
Moodyscre
Added: Apr 16 Updated: Jul 21 at 8:26PM Checked: Jul 21 at 8:26PM
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 CBRE - Downtown Los Angeles
Investment Insights
Based on property information with market context.
This net-leased retail property is fully occupied by Harbor Freight Tools. The offering includes a recent 10-year lease extension, and the tenant is backed by a corporate lease.
The NNN structure places responsibility for roof, structure, and HVAC with the tenant, which is designed to reduce landlord responsibilities. This setup can support a more hands-off ownership experience for investors seeking simplicity.
The current rent is stated as $0.85 per square foot under NNN terms.
The NNN structure places responsibility for roof, structure, and HVAC with the tenant, which is designed to reduce landlord responsibilities. This setup can support a more hands-off ownership experience for investors seeking simplicity.
The current rent is stated as $0.85 per square foot under NNN terms.
Key Highlights
- Fully leased to Harbor Freight Tools
- Recent 10‑year lease extension by Harbor Freight Tools
- Corporate‑backed lease from a national retailer with 1,600+ locations
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 | $541.9k | $23.52 |
| − Vacancy | −$31.4k | −$1.36 |
| EGI | $510.5k | $22.16 |
| − OpEx | −$153.1k | −$6.65 |
| NOI | $357.3k | $15.51 |
23,040 SF · lease $23.52/SF/yr · vacancy 5.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.10M
$4.47M – $5.96M
NOI $357,329 @ 7.0% cap · market cap 7.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.19M
$5.42M – $7.22M
NOI $433,382 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Harbor Freight Tools
Building Supply
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Fully leased Harbor Freight Tools location offered under an NNN structure with limited landlord responsibilities.
Where is this nnn property located?
The property is located at 1900 Howe Ave Sacramento, CA.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: Fully leased to Harbor Freight Tools; Recent 10‑year lease extension by Harbor Freight Tools; Corporate‑backed lease from a national retailer with 1,600+ locations
