Harbor Freight Tools


April 19, 2024

Home Improvements

Tenant Description

Harbor Freight Tools, founded in 1977, has grown from a small family-owned business into a leading discount tool retailer with over 1,200 stores across the United States. The company has built its reputation on offering an extensive range of quality tools at competitive prices, catering to both professional tradespeople and DIY enthusiasts. Harbor Freight's strategic growth has been marked by continuous expansion and a keen focus on meeting diverse customer needs through a wide array of products.

The company's product lineup is distinguished by its variety and value, featuring everything from automotive and power tools to shop equipment. Harbor Freight's in-house brands, such as Pittsburgh and Chicago Electric, underscore its commitment to quality and affordability, fostering a strong and loyal customer base. Continuous innovation and new product introductions keep the brand relevant and competitive in a fast-evolving market.

Technological advancements play a crucial role in Harbor Freight's operational efficiency and customer service excellence. The integration of sophisticated inventory systems and an intuitive online shopping platform enhances the overall customer experience, reinforcing the company's position in the retail sector.

Harbor Freight's recent expansions highlight its status as one of the fastest-growing retailers in the U.S., with a strategic approach to real estate that prioritizes accessibility and market potential. This expansion strategy, combined with a robust financial performance, underscores the company's stability and growth prospects.

As a tenant, Harbor Freight Tools exemplifies a strong and reliable partnership potential, thanks to its established market presence, financial resilience, and consistent customer appeal. The brand's strategic expansion and commitment to innovation present a low-risk, high-reward opportunity for commercial real estate investors and landlords.

Average Asking Cap Rate


3 mo avg (62 properties)

Typical Investment/Lease

Average Sale Price




$/Square Foot

$230 - $350

Building SF

15,950 - 16,600

Approx. Store Count


Lease Term

15 Years


10% Every 5 Years

Stock Symbol


Credit Quality



Average Asking Cap Rate Trend





Reflect only properties with long-term lease.

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