Harbor Freight

2105 W. Williams Ave., Fallon, NV 89406

— For Sale —

List Price$3.40MM

PSF $54

Size +/- 62,565 SF

Property Information

Property Overview

LOGIC Commercial Real Estate is pleased to exclusively offer for sale a Harbor Freight anchored value-add retail building located in the Stillwater Plaza shopping center in Fallon, NV. This +/- 62,565 SF asset is situated on a +/- 5.52 AC parcel and located on W. Williams Avenue with excellent visibility and access along Highway 50, boasting traffic counts in excess of +/- 46,750 CPD. Built in 1990, the center is located adjacent to Walmart within a strong regional retail corridor servicing +/- 21,564 residents with an average household income of +/- $66,964 within a 5-mile radius. Nearby national co-tenants include Walmart, Walgreens, Burger King, Anytime Fitness, Wells Fargo, Verizon, Dotty’s, and the Department of Motor Vehicles.

The building is currently 26% occupied – presenting an excellent value-add opportunity through lease-up of existing vacancy, which can be demised to accommodate multiple tenants. The property is anchored by Harbor Freight and benefits from a new corporate guaranteed 10-year lease with five (5) five-year options, extending the lease through 2056.

Investment Highlights

Value-Add Investment Opportunity:

  • Delivered at 26% occupancy, the asset presents investors with immediate value-add upside through lease-up of the remaining vacancy at current market rents.
  • Replacement cost in excess of $1.50 PSF.
  • Vacancy rate average of 3.78% over the past 10 years.

New 10-Year Lease | Corporate Guarantee:

  • Harbor Freight is rated Ba3 by Moody’s.
  • Corporate guaranteed lease.
  • New 10-year term with five (5) five-year options, extending the lease through 2056.

Strategic Location:

  • The property is located in a superior regional retail location along Highway 50, a primary east-west thoroughfare, with total surrounding traffic counts of +/- 46,750 CPD.
  • The asset features excellent access and visibility from the highway with prominent signage.
  • Co-tenants within the center, such as Anytime Fitness, Dotty’s, Nevada Department of Motor Vehicles, Burger King, and Wells Fargo, help drive consistent daily traffic to the asset.

No State Income Tax:

  • Nevada, as a state, has no income tax. Consult your accountant for more details.



Adam Malan

Las Vegas
License S.0063542.LLC
O 702.954.4105
C 702.449.1180
More Info

Deana Marcello

Executive Vice President
Las Vegas
License S.0174174
O 702.954.4104
C 702.375.1022
More Info