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Harbor Freight Tools Single Tenant Net Lease 205 Balsam St N
14,200 SF Retail Building Cambridge, MN 55008 $1,420,000 ($100/SF) 7% Cap Rate
Investment Highlights
- Harbor Freight Tools Corporate NN Lease – 2021 Store – Recent 10-year Primary Lease Term – Fee Simple (Land & Building)
- Directly on MN State Hwy 95/Balsam St and next to On-Ramp with MN State Hwy 65 (35,000+ Combined Cars Per Day)
- Nearby Major Traffic-Generating Retailers Walmart Supercenter, Target, Cub Foods, ALDI, Fleet Farm, Menards, Applebee’s, Verizon, Wendy’s
- Target-Anchored Shopping Center – Main Retail Corridor – Complete Mill & Repaving of Parking Lot (2024)
- Premier Retail Location in Cambridge, Minnesota (Minneapolis – St Paul MSA)– County seat of Isanti County – 4 County Wide Customer Draw
- Scheduled Rent Increases and Options with Increases – Inflation Hedge – Attractive Upcoming 10% increase (8/1/2026)
Executive Summary
Founded in 1977, Harbor Freight Tools is a leading retailer of quality tools and equipment, serving millions of satisfied customers through over 1,500 stores across the United States. As a privately held company with a strong financial foundation, Harbor Freight Tools represents a reliable and stable investment opportunity, providing assurance of long-term lease security.
This property is strategically situated at a prime retail location in Cambridge, MN, positioned at the prominent intersection of Balsam St North and MN Highway 95, directly across from a Walmart Supercenter. The site features a recent complete mill and repaving of the parking lot this year and is surrounded by major national retailers including Walmart Supercenter, Target, and Menards, along with other traffic-generating establishments including ALDI, Kohl's, and a variety of dining options like McDonald's, Culver's, and Dairy Queen. With an average daily traffic count exceeding 35,000 vehicles on this retail corridor, this location offers high visibility and accessibility, making it an ideal setting for Harbor Freight Tools.
This is a rare opportunity to purchase a newly renovated, trophy, single-tenant fee simple NN Harbor Freight Tools property on prime real estate in a high-demand market, offering investors long-term security and potential for significant returns.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,400
|
$7.00
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,400 |
| Annual Per SF | $7.00 |
Property Facts
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Retailer
- 14,200 SF
- $7.00
- Triple Net
- Jul 2031
At Harbor Freight, they're about much more than just tools. They're about the opportunities tools represent - the projects, the builds, the problem solving, the creativity, and the connection they give them to others. People are the reason they're committed to providing quality tools for everyone at the lowest prices. Harbor Freight's journey began in 1977, when Eric Smidt and his father launched Harbor Freight Tools. They've continued to deliver an incredible assortment of quality tools to pros and DIYers alike at prices that are less than competing brands. They’ve invested heavily in their state-of-the-art quality assurance facilities. They’ve hired the best experts in their fields to engineer and oversee the development of their new products, then put them through rigorous testing in laboratories.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Retailer | 14,200 SF | $7.00 | Triple Net | Jul 2031 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 15.195.0010 | Improvements Assessment | $699,700 |
| Land Assessment | $174,900 | Total Assessment | $874,600 |
PROPERTY TAXES
Presented by
Harbor Freight Tools Single Tenant Net Lease | 205 Balsam St N
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