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Brokerage
Posted: November 22, 2022
Horvath & Tremblay sells Harbor Freight for $9.285 million
Yonkers, NY Bob Horvath, Todd Tremblay and Matt Nadler of Horvath & Tremblay have completed the sale of the Harbor Freight. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $9.285 million.
Located at 587 Tuckahoe Rd., Harbor Freight signed a new 15 year lease with five, 5-year renewal options. The lease features 10% rent increases every five years throughout the primary term and at the start of each of the five-year renewal options. The property has been completely renovated for Harbor Freight Tools and was completed in the summer of 2022.
The property is located at the intersection of Tuckahoe Rd. and Salisbury Rd. and has frontage and visibility with three points of access. The location sees more than 28,400 vehicles per day. The property is 0.2-miles from Central Park Ave. (NY Rte. 100), 0.3-miles from the Sprain Brook Pkwy., 0.7-miles from I-87, 0.7-miles from the Bronx River Pkwy. and 1.4-miles from the Saw Mill River Pkwy.
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