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Investment Highlights

  • 2016 build-to-suit for Duluth Trading Company with ±5.5 years remaining on base term
  • Corporate guaranty from Duluth Holdings, Inc. (NASDAQ: DLTH)
  • Affluent area with $152,900+ average household income within 5 miles
  • Absolute NNN lease with landlord responsible for roof and structure only
  • 8% rent increases every 5 years; next increase November 2026
  • Adjacent to NOW Arena and 30 miles west of downtown Chicago

Executive Summary

Matthew M. Fitzgerald
Matthews Real Estate Investment Services, Inc
License # 478027547, 471021676 (IL)
600 W Fulton, Ste 100 Chicago, IL 60661
(866) 889-0550

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,525 SF
Building Class
B
Year Built
2016
Price
$6,322,829 CAD
Price Per SF
$435.31 CAD
Cap Rate
8.50%
NOI
$537,441 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.13
Lot Size
2.60 AC
Parking
120 Spaces (8.26 Spaces per 1,000 SF Leased)
Frontage
407’ on Hoffman Blvd

Amenities

  • Freeway Visibility

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Retailer
  • -
  • -
  • Aug 2031

Duluth Trading Company began in 1989 when two brothers created a tool organizer called Bucket Boss. The company expanded into a catalog business offering workwear and accessories. Known for its problem-solving products like the Longtail T-shirt, Duluth Trading Company has grown into a multichannel retailer. The company sells through online stores, catalogs, and physical locations nationwide. While maintaining its focus on durable workwear, Duluth Trading has expanded its offerings to include casual clothing and accessories for both men and women.

Tenant Industry SF Occupied Rent/SF Lease End
Retailer - - Aug 2031
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
50/100

Nearby Major Retailers

Buffalo Wild Wings
Bar Louie
Starbucks
Chase Bank
Pure Barre
Orangetheory Fitness
Claim Jumper Steakhouse & Bar
Red Robin
Fifth Third Bank

Property Taxes

Property Taxes

Parcel Number
01-32-400-029-0000
Land Assessment
$271,763 CAD
Improvements Assessment
$408,303 CAD
Total Assessment
$680,066 CAD
  • Listing ID: 40164895

  • Date on Market: 2026-04-15

  • Last Updated:

  • Address: 5190 Hoffman Blvd, Hoffman Estates, IL 60192

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