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STNL Low Price Point Duluth Trading Company 5445 Whipple Ave NW 14,557 SF Retail Building North Canton, OH 44720 $3,600,000 ($247.30/SF) 8.49% Cap Rate
INVESTMENT HIGHLIGHTS
- Freestanding Duluth Trading Company Double-Net Lease with 9 Years Remaining in Belden Village – Canton, OH’s #1 Retail Trade Area
- Upcoming 10% Rent Increase (+$30,570 Annually) in November 2028 Adds 85 bps to Cap Rate
- Corporate Lease with Publicly-Traded Duluth Holdings, Inc. Lessee Entity (Nasdaq: DLTH) with $98 Million Market Cap and $647M in FY2023 Revenue
- Available Individually or as a Portfolio with Adjacent STNL Freddy’s Steakburgers and Caribou Coffee + Farmers National Bank 2-Tenant Property
- Original 15-Year Lease with Three, 5-Year Options Remaining with 10% Rent Increases in Each
- 25,000 VPD on Whipple Avenue NW; Just 0.2-Mile to I-77 Exit Ramps (I-77 Sees with 85,500 VPD)
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,557 SF
Building Class
B
Year Built
2018
Price
$3,600,000
Price Per SF
$247.30
Cap Rate
8.49%
NOI
$305,697
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
3.29 AC
Zoning
Commercial
Parking
75 Spaces (5.15 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 10010108 | Improvements Assessment | $1,332,490 |
| Land Assessment | $716,070 | Total Assessment | $2,048,560 |
PROPERTY TAXES
Parcel Number
10010108
Land Assessment
$716,070
Improvements Assessment
$1,332,490
Total Assessment
$2,048,560
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STNL Low Price Point Duluth Trading Company | 5445 Whipple Ave NW
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