Overview

Description

Brisky Net Lease is pleased to offer this two-tenant retail property in this growing Minnesota community. This like new building has a great lineup of national tenants with Harbor Freight and Five Below. Both tenants have newer leases, corporate guarantees, 10% rent bumps every 5 years and limited landlord responsibilities. Located along a main retail corridor with great access and visibility along MN-15, the main north / south thoroughfare in town. This property is part of a larger retail complex that is anchored by traffic-generating national retailers including Target, Aldi, PetSmart and Ashley.

Hutchinson is the largest city in McLeod County, is about 60 miles west of the Twin Cities, and serves as a retail hub for the surrounding communities. According to CoStar, the Hutchinson retail market is nearly at capacity, with just 1.0% of inventory being vacant.

Founded in 2002, Five Below offers a wide variety of trendy, fun, and unique products, all priced at $5 or below. The company has over 1,360 stores and is growing quickly. Harbor Freight is a well-known American retail company that specializes in offering a wide range of affordable tools, equipment, and accessories. Harbor Freight has over 1,000 stores and was one of the fastest-growing retailers in 2022.

Need description

Highlights

• Great Access and Visibility Along MN-15, the Main North / South Thoroughfare
• Newer 10-Year Leases with Two Strong National Tenants
• Part of a Larger Retail Complex Anchored by Traffic-generating National Retailers Including Target, Walmart, Aldi & PetSmart
• Strong Demographics & Growing Population
• Bonus Rent from Verizon Cell Tower
• 10% Rent Bumps Every 5 Years

Documents

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