Harbor Freight and Five Below | Target + Walmart Shadowed | Hutchinson, MN

Highlights:

• Harbor Freight, Five Below, and Verizon Cell Tower Co-Anchored Retail Property located in Hutchinson, Minnesota, a growing community within the Minneapolis–St. Paul CSA
• Shadow-Anchored by Target and Walmart driving consistent regional traffic and consumer demand
• Part of a Larger Retail Center featuring national retailers including Target, Aldi, PetSmart, and Ashley Furniture
• Separate Parcel Ownership Structure with ownership responsible only for expenses related to its parcel, with no obligations or reimbursements under any operating or easement agreements
• Newer 10-Year Corporate Leases with scheduled rent increases and multiple renewal options
• Primary Retail Hub for the Region as Hutchinson is the largest city in McLeod County, located approximately 60 miles west of the Twin Cities
• Strong Market Fundamentals with the Hutchinson retail market nearly fully occupied, with approximately 1.0% vacancy according to CoStar, supporting long-term tenant demand

Description:

Friedman Real Estate, in collaboration with RI Marketplace, is pleased to offer the exclusive marketing and sale of a Harbor Freight, Five Below, and Verizon Cell Tower co-anchored retail property located in Hutchinson, Minnesota. The property features a stable in-place income stream and offers investors the opportunity to acquire a cash flowing retail asset backed by corporate tenants on newer lease terms.

The property is 100% occupied by Harbor Freight and Five Below, both operating under 10-year corporate leases with scheduled rent increases and multiple renewal options, in addition to a Verizon cell tower providing additional income. The tenant mix provides a strong combination of national retail and service-oriented uses, supporting consistent traffic to the site.

The asset is positioned within a dominant retail corridor and is part of a larger retail center featuring national retailers including Target, Aldi, PetSmart, and Ashley Furniture. The property also benefits from shadow anchors Target and Walmart, which drive regional traffic and support long-term tenant performance.

For more information:
https://rimarketplace.com/auction/3200/retail/hutchinson/mn?utm_source=brevitas&utm_medium=listing_paid&utm_campaign=june24_2026&utm_content=retail_3200

Bidding Opens
Jun 23, 2026 12:00 AM
Bidding Ends
Jun 25, 2026 12:00 AM