20 High Park DrBlue Ridge, GA 30513

Property Details for 20 High Park Dr

Year built

2023

Lot size

1.70 AC

Property size (Sq ft)

16,000 SF

Property type

Retail properties

Property subtype

Other retail properties

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.

Location Insight

City

Blue Ridge

County

Fannin

State

Georgia

Latitude

34.8827

Longitude

-84.2963

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