20 High Park Dr Blue Ridge, GA 30513
- Retail properties
- 16,000 SF
- 1.70 lot acres
Current Use by Public Records
- Harbor Freight Tools / Tool Store / Hardware Store
Property Details for 20 High Park Dr
- Year built
- 2023
- Lot size
- 1.70 lot acres
- Property size
- 16,000 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a newly constructed (2023), 16,000 square foot Harbor Freight Tools storefront in Blue Ridge, Georgia. Located at 20 High Park Dr, this property boasts a prime location on US Route 76, a major thoroughfare connecting Tennessee and North Carolina, with a high daily vehicle count of 27,300. The 1.7-acre lot benefits from its proximity to Blue Ridge Lake, a significant tourist attraction drawing millions of visitors annually, and is surrounded by numerous national retailers including Home Depot, Lowe's, Walmart, and many popular restaurants. The strong tenant, Harbor Freight Tools, is a rapidly expanding national retailer with a corporate guarantee and a 10-year net lease (NN+) commencing March 27, 2024, and expiring March 31, 2034, with built-in rent bumps. The property offers a substantial net operating income (NOI) of $284,000, resulting in a compelling 6.65% cap rate. This is a single-tenant, net lease investment with a remaining lease term of 9.5 years, making it an ideal 1031 exchange opportunity. The thriving Blue Ridge community, with a population of 50,875 within a 15-mile radius, ensures a robust customer base and strong future growth potential. The property's high visibility and accessibility, combined with the strength of the tenant and the favorable lease terms, make this a truly exceptional investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Blue Ridge
- County
- Fannin
- State
- Georgia
- Longitude
- -84.2963
- Latitude
- 34.8827
