Harbor Freight – Single Tenant Net Lease

Property Overview

We are excited to present qualified investors with an exceptional opportunity to acquire a single-tenant net lease property located in Cambridge, MN (Minneapolis-St Paul MSA), featuring a premium tenant, Harbor Freight Tools, in a Target-anchored, Walmart Supercenter-shadow anchored shopping center on a recent 10-year corporate lease paying below market (fee simple – land & building).

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 near the prominent intersection of MN State Highway 65 and MN State 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 locationoffers high visibility and accessibility, making it an ideal setting for Harbor Freight Tools.

This is a rare opportunity to purchase a newly renovated, 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.

Investment Highlights

• Harbor Freight Tools Corporate NN Lease – 2021 Store

  • Recent 10-year Primary Lease Term – Fee Simple (Land & Building)

  • Complete Mill & Repaving of Parking Lot (2024)

• Target-Anchored Shopping Center – Main Retail Corridor

  • Directly on MN State Hwy 95/Balsam St and next to On-Ramp with MN State Hwy 65 (35,000+ Combined Cars Per Day)

• Below Market Rent – Corporate Entity on Lease – Strong Guarantor

  • $6.5 Billion Annual Revenue (2023), 26,000+ Employees, 1,500 Locations

• 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)

  • 6.9 Years Remaining – One-Time Early Termination Right (7/31/2026, $150,000 Termination Fee)

  • Three 5-Yr Options with 10% increases in 2031, 2036, 2041

• Nearby Major Traffic-Generating Retailers

  • Walmart Supercenter, Target, Cub Foods, ALDI, Fleet Farm, Menards, Applebee’s, Verizon, Wendy’s, Jimmy John’s, Kohl’s, UPS, Kwik Trip, Arby’s, Valvoline

• Walmart Super Center-Shadow Anchored – Stable Net Lease Investment

  • Minimal Landlord Responsibilities (Roof & Structure) – Coupon Clipper Asset

  • 14,200 SF building on 1.4 acres