

Duluth Trading Company | 9% Cap | Chicago MSA
8% Rent Bump in November | 5-Mile Pop. 171k Residents
Marketing description
Hoffman Estates is a well-established suburban community within the Chicago metropolitan area, offering a balance of residential stability and economic accessibility. Located in the northwest corridor of Cook County, the village benefits from proximity to major employment hubs while maintaining a suburban quality of life attractive to both residents and businesses. The area has experienced steady population trends supported by strong household formation, above-average median incomes, and a diverse workforce base. Its accessibility via Interstate 90 provides direct connectivity to downtown Chicago and O'Hare International Airport, reinforcing its appeal for commuters and employers alike.
The local economy is anchored by a mix of corporate headquarters, healthcare institutions, and retail centers, contributing to a resilient economic profile. Hoffman Estates is home to significant commercial developments such as the Prairie Stone Business Park, which continues to attract investment and job growth. The presence of reputable school districts, maintained infrastructure, and community-oriented planning further enhances its desirability. These fundamentals position the area as a stable and competitive submarket within the broader Chicagoland region, appealing to both investors and long-term occupants.
Investment highlights
- 2016 build-to-suit construction for Duluth Trading Company
- ± 5.50-Years remaining on the base term of a 15-Year lease
- Retail NNN lease structure (Landlord responsible for roof and structure only)
- Corporate guaranty from Duluth Holdings, Inc (NASDAQ: DLTH)
- Attractive 8% rent increases every 5-years (next increase November 2026)
- Affluent demographics with an average household income of more than $152,900 annually
- 5-Mile population of more than 171,320 residents
- The subject property is located adjacent to NOW Arena which hosts various concerts, sports, and other events
- Hoffman Estates is a wealthy suburb of Chicago and is located just 30-mile West of downtown
- Duluth Trading Company is a national apparel retailer that is focused on durable, functional workwear
- Publicly traded on the NASDAQ stock exchange (DLTH)
- Duluth currently operates ± 70 locations nationwide with plans to continue expansion
Listing Contacts


Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?






