Duluth Trading Company - Leasehold Estate
- This Duluth Trading opened in November 2019 and has a 15 year initial lease with three 5-year and one 10-year renewal options.
- Leasehold ownership which allows for 100% depreciation.
- This is a corporate lease with Duluth Holdings, Inc. which operates 65 stores across the United States. Year end 2019 revenues of $415 million and net worth of $176 million.
- Easy accessibility from Interstate-75 with over 201,738 vehicles per day.
- Excellent demographics in the surrounding area with a population over 132,000+ in a 5-mile radius and an average household income over $101,000.
- Located just over 2 miles from the Parkwest Medical Center which provides the community with 462 beds and employees 1,400+ people.
- In 2019, U.S. News ranked Knoxville, TN 46th on the list of Best Places to Live.