April 18, 2019 – Chris King of Horvath & Tremblay has successfully completed the sale of Harbor Freight Tools in Streetsboro, Ohio. Horvath & Tremblay procured the 1031 exchange buyer to close the transaction at a sale price of $1,800,000.
Harbor Freight Tools occupies a free-standing building with direct street frontage to State Route 14. The Harbor Freight Tools lease has over 9 years remaining on the base term of the lease. The Property is positioned along the main retail corridor directly across the street from Target and a Lowe’s Shopping Center. Additional prominent retailers drawing consumers to the area include: Giant Eagle Supermarket, Applebee’s, Staples, Home Depot, McDonald’s, Denny’s, Dollar Tree, Burger King, Dunkin’ Donuts, and Taco Bell.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.