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Duluth Trading Company 5190 Hoffman Blvd 14,525 SF Retail Building Hoffman Estates, IL 60192 $4,357,500 ($300/SF) 9% Cap Rate
Investment Highlights
- 2016 build-to-suit for Duluth Trading Company with ±5.5 years remaining on base term
- Corporate guaranty from Duluth Holdings, Inc. (NASDAQ: DLTH)
- Affluent area with $152,900+ average household income within 5 miles
- Absolute NNN lease with landlord responsible for roof and structure only
- 8% rent increases every 5 years; next increase November 2026
- Adjacent to NOW Arena and 30 miles west of downtown Chicago
Executive Summary
Matthew M. Fitzgerald
Matthews Real Estate Investment Services, Inc
License # 478027547, 471021676 (IL)
600 W Fulton, Ste 100 Chicago, IL 60661
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # 478027547, 471021676 (IL)
600 W Fulton, Ste 100 Chicago, IL 60661
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,525 SF
Building Class
B
Year Built
2016
Price
$4,357,500
Price Per SF
$300
Cap Rate
9%
NOI
$392,175
Tenancy
Single
Building Height
2 Stories
Building FAR
0.13
Lot Size
2.60 AC
Parking
120 Spaces (8.26 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Freeway Visibility
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- Aug 2031
Duluth Trading Company began in Duluth, Minnesota, in 1989 as a business built around tool organizers such as Bucket Boss, then expanded into a catalog brand for tradespeople and other hands-on customers. The company later shifted toward problem-solving workwear and broadened into men's and women's apparel, underwear, footwear, accessories, and outdoor gear through its Alaskan Hardgear line. Duluth Trading now operates through store, catalog, and online channels, with a market presence centered on durable, functional products for work and outdoor use.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | Aug 2031 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-32-400-029-0000 | Improvements Assessment | $297,942 |
| Land Assessment | $198,308 | Total Assessment | $496,250 |
Property Taxes
Parcel Number
01-32-400-029-0000
Land Assessment
$198,308
Improvements Assessment
$297,942
Total Assessment
$496,250
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Contact the Sale Advisor
Duluth Trading Company | 5190 Hoffman Blvd