Harbor Freight Investment
4410 Central Ave SW Albuquerque, NM 87105
4410 Central Ave SW, Albuquerque, NM, 87105
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For Sale
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Nationally credited tenant with long-term lease in high-traffic retail location.
Property Size16,376 SF
Price / SF$152.79
Days on Market619
Property Features for 4410 Central Ave SW
General Information
- Standard status
- Active
- Size
- 16,376 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1970
Listing Agency
Resolut RE Albuquerque
(505) 337-0777
Listed by
Austin Tidwell · License #NM #49789 AB
Source
Crexi
Added: Nov 6, 2024 Checked: Jul 17 at 3:55 am
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 Resolut RE Albuquerque
Investment Insights
Based on property information with market context.
Harbor Freight Tools, headquartered in Calabasas, California, is a leading national retailer specializing in affordable, high-quality tools and equipment. Founded in 1977, the company has expanded to over 1,300 stores across 48 states, serving millions of customers. Offering a wide range of products, including hand tools, power tools, automotive equipment, and more, Harbor Freight is known for providing substantial cost savings—often up to 80% lower than competitors—while maintaining reliable quality. Their customer base includes contractors, industrial users, and DIY enthusiasts. With reported annual revenues exceeding $7 billion, Harbor Freight has established itself as a financially strong and stable company. They have built a reputation for value and customer satisfaction, offering a lifetime warranty on hand tools and consistently updating their product lines to meet demand. For commercial real estate investors, Harbor Freight is a highly desirable tenant. The company typically signs long-term leases in high-traffic retail locations, generating consistent foot traffic and attracting complementary businesses. Harbor Freight’s financial stability and continued growth make them a low-risk, nationally credited tenant, ensuring reliable rental income for property owners. Their significant national footprint and successful business model enhance the long-term value of any commercial property investment. The property size is 16376 square feet.
Key Highlights
- Nationally credited tenant with over 1,300 stores and a significant national footprint.
- Financially strong and stable company with annual revenues exceeding $7 billion.
- Long‑term leases in high‑traffic retail locations, ensuring reliable rental income.
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 | $245.6k | $15.00 |
| − Vacancy | −$20.9k | −$1.28 |
| EGI | $224.8k | $13.73 |
| − OpEx | −$67.4k | −$4.12 |
| NOI | $157.3k | $9.61 |
16,376 SF · lease $15.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.25M
$1.97M – $2.62M
NOI $157,332 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.57M
$3.13M – $4.17M
NOI $250,120 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Harbor Freight Tools
Building Supply
American Wildlife Taxidermy
Taxidermist
Bank of America ATM ...
Atm
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FAQs
What type of property is this?
Retail space - Nationally credited tenant with long-term lease in high-traffic retail location.
Where is this retail space located?
The property is located at 4410 Central Ave SW Albuquerque, NM.
What is the asking price?
The asking price for this property is $2,502,031.
What are key features of this property?
This property features: Nationally credited tenant with over 1,300 stores and a significant national footprint.; Financially strong and stable company with annual revenues exceeding $7 billion.; Long‑term leases in high‑traffic retail locations, ensuring reliable rental income.
