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33884246
33884249

5190 Hoffman Blvd, Hoffman Estates, IL 60192

JB
TX 688810
Matthews
Listed by Matthews
$4,357,500
9 days on market
Updated 6 days ago

Duluth Trading Company | 9% Cap | Chicago MSA

Details
Property Type Retail
Sub Type Convenience Store, Storefront (+1)
Square Footage 14,525
Cap Rate 9.00%
NOI $392,175
Occupancy 100%
Tenancy Single
Brand/Tenant Duluth Trading Company
Lease Type NNN
Lease Term 15
Lease Expiration 08/24/2031
Remaining Term 5.3
Rent Bumps Yes
Lease Options Four, 5-Year Options
Year Built 2016
Buildings 1
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/01/2016
Ground Lease No
Ownership Fee Simple

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

JB
TX 688810
Matthews
Listed by Matthews

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$392,175.00
$32,681.25/mo

Valuation Metrics

0
DSCR
9%
Cap Rate
9%
ROI

Map

Zoning

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B-3 CommercialRetail CommercialBusiness District
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Matthew Fitzgerald
License
471021676
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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