Two Tenant w/ Harbor Freight

Sold June 2025

Sale Price: $4,300,000

Represented: Seller

Notes: BLVD Real Estate Investment Co. provided full service advisory for this client, helping to lease the former Fallas Parades store and then ultimately selling the site for the owner once the property was stabilized

- Two (2) tenant investment opportunity featuring strong national and regional tenant: Harbor Freight & Furniture Depot/Jerry’s

-Below Market Rent with Long Term Future Upside

- Ideally located in Cathedral City (Palm Springs MSA), within the dominant grocery anchored shopping center in the trade area

- Harbor Freight has been successfully operating at this location for nearly 10 years and has recently renewed their lease, with strong Placer AI data.  Furniture Depot/Jerry’s is incredibly busy as well, even during Summer months

- Harbor Freight is the #1 fastest growing retailer in the U.S. with over 1,400+ locations, Moody’s Credit Rating of Ba3, and ranks in the top 100 U.S. retailers in sales

- Furniture Depot/Jerry’s is an established tenant within the Coachella Valley and has multiple locations

- Main and main intersection location along Date Palm Dr. and Ramon Rd. with 57,797 vehicles per day at the intersection‍

- Located within the busy Cardena’s (grocery) anchored shopping center - creating tenant synergy and a strong cross over shopping experience for customers

- Strong demographics - There are over 115,784 residents within a 5 mile radius of the property, with an average household income of nearly $90k

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