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205 Balsam St N
Cambridge, MN 55008

$1,420,000 USD

Freestanding For Sale  •  14,200 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 14,200 SF
  • Lot Size 1.4 AC
  • Building Class B
  • Year Built 2006
  • Cap Rate 7.00 %
  • Tenancy Single
0 Transit Score
40 Walk Score

Highlights

Harbor Freight Tools Corporate NN Lease – 2021 Store – Recent 10-year Primary Lease Term – Fee Simple (Land & Building)
Target-Anchored Shopping Center – Main Retail Corridor – Complete Mill & Repaving of Parking Lot (2024)
Directly on MN State Hwy 95/Balsam St and next to On-Ramp with MN State Hwy 65 (35,000+ Combined Cars Per Day)
Premier Retail Location in Cambridge, Minnesota (Minneapolis – St Paul MSA)– County seat of Isanti County – 4 County Wide Customer Draw
Nearby Major Traffic-Generating Retailers Walmart Supercenter, Target, Cub Foods, ALDI, Fleet Farm, Menards, Applebee’s, Verizon, Wendy’s
Scheduled Rent Increases and Options with Increases – Inflation Hedge – Attractive Upcoming 10% increase (8/1/2026)

Property Flyers

Financial Summary (Actual)

Net Operating Income: $99,400 USD (2024)
Cap Rate: 7.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Harbor Freight Tools 14,200 SF 7/31/2031

Amenities

  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Signalized Intersection

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Spencer O'Donnell 714-400-6267 Charter Realty Company
Spencer O'Donnell 714-400-6267 Charter Realty Company