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STNL Low Price Point Duluth Trading Company 5445 Whipple Ave NW 14,557 SF Retail Building North Canton, OH 44720 $5,025,312 CAD ($345.22 CAD/SF) 8.49% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Freestanding Duluth Trading Company Double-Net Lease with 9 Years Remaining in Belden Village – Canton, OH’s #1 Retail Trade Area
  • Upcoming 10% Rent Increase (+$30,570 Annually) in November 2028 Adds 85 bps to Cap Rate
  • Corporate Lease with Publicly-Traded Duluth Holdings, Inc. Lessee Entity (Nasdaq: DLTH) with $98 Million Market Cap and $647M in FY2023 Revenue
  • Available Individually or as a Portfolio with Adjacent STNL Freddy’s Steakburgers and Caribou Coffee + Farmers National Bank 2-Tenant Property
  • Original 15-Year Lease with Three, 5-Year Options Remaining with 10% Rent Increases in Each
  • 25,000 VPD on Whipple Avenue NW; Just 0.2-Mile to I-77 Exit Ramps (I-77 Sees with 85,500 VPD)

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,557 SF
Building Class
B
Year Built
2018
Price
$5,025,312 CAD
Price Per SF
$345.22 CAD
Cap Rate
8.49%
NOI
$426,729 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
3.29 AC
Zoning
Commercial
Parking
75 Spaces (5.15 Spaces per 1,000 SF Leased)
Frontage
259’ on Whipple Ave

NEARBY MAJOR RETAILERS

Caribou Coffee
Freddy's Frozen Custard & Steakburgers
Starbucks
Ww - Weight Watchers
WesBanco
Fazoli's
Waffle House
Quaker Steak & Lube
Td Ameritrade
Buffalo Wild Wings

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
10010108
Land Assessment
$1,005,190 CAD
Improvements Assessment
$1,870,496 CAD
Total Assessment
$2,875,686 CAD
  • Listing ID: 34481182

  • Date on Market: 2025-01-14

  • Last Updated:

  • Address: 5445 Whipple Ave NW, North Canton, OH 44720

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