Harbor Freight

Subject Property

1824 W US Hwy 90
Lake City, FL

Price: $3,620,000
Cap Rate: 6.15%
NOI: $222,600
Building Size: Approx. 15,000 Sq. Ft.
Lot Size: Approx. 3.91 Acres
Status: Available
Type: Single-Tenant / Retail
Year Built: 2014

Investment Overview

  • 15,000+/- SF Building on 3.91+/- Acre Site
  • 11-Year Corp Lease w/ 12% Rent Bump Year 7
  • Located along U.S-90 (42K VPD), just E of I-75 (40K VPD)
  • Across Publix | Near Discount Tire, AutoZone, Home Depot
  • 1-Mile E of Lake City Mall (212K S.F) | 5-Miles W of Alligator Park
  • Lake City is known as “One of the Gateway Cities to Florida”
  • Lake City Florida is located approx 65-Miles W of Jacksonville, FL
  • Near well-known beaches: Jacksonville | Atlantic | Ponte Vedra
  • 2.8 Million Annual Visitors – $1.5 Billion Annual Economic Impact
  • 3-Mile Radius: Est Day Pop: 17,718 l Average HH Income:  $62,103
  • Jacksonville (MSA) | Largest City in Florida | Population: 1,504,980