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Duluth Trading Company 3651 N Interstate 35 14,557 SF Retail Building Denton, TX 76207 $5,003,963 ($343.75/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term, 15-Year Double-Net (NN) Lease This Duluth Trading Company is subject to a 15-year Double Net (NN) lease which commenced 6/1/2018.
- Corporate Guarantee This property is guaranteed by Duluth Holdings Inc.
- Attractive Rental Increases This lease features 10% rental increases every 5 years.
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Duluth
Trading Company located at 3651 N Interstate 35, Denton, TX
76207. The site consists of roughly 14,557 rentable square feet of
building space on an estimated 2.1-acre parcel of land. This Duluth
Trading Company is subject to a 15-year Double Net (NN) lease,
which commenced 6/1/2018. The current annual rent is
Trading Company located at 3651 N Interstate 35, Denton, TX
76207. The site consists of roughly 14,557 rentable square feet of
building space on an estimated 2.1-acre parcel of land. This Duluth
Trading Company is subject to a 15-year Double Net (NN) lease,
which commenced 6/1/2018. The current annual rent is
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,557 SF
Building Class
C
Year Built
2018
Price
$5,003,963
Price Per SF
$343.75
Cap Rate
8%
NOI
$400,317
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
2.10 AC
Parking
77 Spaces (5.29 Spaces per 1,000 SF Leased)
Frontage
150’ on North Interstate 35
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R725129 | Improvements Assessment | $1,899,836 |
| Land Assessment | $1,825,164 | Total Assessment | $3,725,000 |
PROPERTY TAXES
Parcel Number
R725129
Land Assessment
$1,825,164
Improvements Assessment
$1,899,836
Total Assessment
$3,725,000
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Duluth Trading Company | 3651 N Interstate 35
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