Listed by SURMOUNT
$5,003,963
Duluth Trading Company
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 14,557
Cap Rate 8%
NOI $400,317
Occupancy 100%
Tenancy Single
Brand/Tenant Duluth Trading Company
Lease Type NN
Lease Term 15
Lease Expiration 05/31/2033
Remaining Term 7
Price per SqFt $344
Year Built 2018
Acreage 2.100
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/01/2018
Ownership Fee Simple
Retail | 8.00% CAP | 14,557 SqFt
Marketing description
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 $400,317
and has scheduled increases of 10.00% every 5 years.
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.
Attractive Rental Increases This lease features 10% rental increases every 5 years.
Corporate Guarantee This property is guaranteed by Duluth Holdings Inc.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$400,317.00
$33,359.75/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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