Duluth Trading Company - Leasehold Estate

Retail / Posted 4 months ago by Deborah Vannelli, Upland Real Estate Group, Inc. / 168 views

  • Price : $2,786,914
  • Cap Rate : 8.75%
  • Net Operating Income : $243,855
  • Tenant : Duluth Trading Company, LLC
  • Lease Type : NN
  • Lease Term Remaining (Years) : 14 Years
  • Building Size (SF) : 15,385
  • Land Area (Acres) : 1.73
  • Year Built : 2019
  • 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.

116 N Cedar Bluff RdKnoxville,Tennessee,37923

Deborah Vannelli
Upland Real Estate Group, Inc.

612-332-6600

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