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Duluth Trading Company 3651 N Interstate 35 14,557 SF Retail Building Denton, TX 76207 $6,840,668 CAD ($469.92 CAD/SF) 8% Cap Rate
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.
- Corporate Guarantee This property is guaranteed by Duluth Holdings Inc.
- Attractive Rental Increases This lease features 10% rental increases every 5 years.
Executive Summary
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
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
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,557 SF
Building Class
C
Year Built
2018
Price
$6,840,668 CAD
Price Per SF
$469.92 CAD
Cap Rate
8%
NOI
$547,253 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
2.10 AC
Parking
77 Spaces (5.29 Spaces per 1,000 SF Leased)
Frontage
150’ on North Interstate 35
Nearby Major Retailers
Property Taxes
| Parcel Number | R725129 | Improvements Assessment | $2,597,171 CAD |
| Land Assessment | $2,495,091 CAD | Total Assessment | $5,092,261 CAD |
Property Taxes
Parcel Number
R725129
Land Assessment
$2,495,091 CAD
Improvements Assessment
$2,597,171 CAD
Total Assessment
$5,092,261 CAD
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Duluth Trading Company | 3651 N Interstate 35
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