Cap Rate
8.5%
Tot. SF
14,525
5190 Hoffman Blvd, Hoffman Estates, IL, 60192
Duluth Trading Company$4,613,823
Key Information
Year Built
2016
Term Remaining
~ 5.50 Years
Type
Retail
NOI
$392,175
Highlights
- 2016 build-to-suit construction for Duluth Trading Company
- ± 5.50-Years remaining on the base term of a 15-Year lease
- Retail NNN lease structure (Landlord responsible for roof and structure only)
- Corporate guaranty from Duluth Holdings, Inc (NASDAQ: DLTH)
- Attractive 8% rent increases every 5-years (next increase November 2026)
- Affluent demographics with an average household income of more than $152,900 annually
- 5-Mile population of more than 171,320 residents
- The subject property is located adjacent to NOW Arena which hosts various concerts, sports, and other events
- Hoffman Estates is a wealthy suburb of Chicago and is located just 30-mile West of downtown
Photos
Location
Agents
J
Josh BishopLicense # 688810 (TX)
Broker of Record
Matthew M. Fitzgerald
License # 478027547, 471021676 (IL)Matthews Real Estate Investment Services, Inc600 W Fulton, Ste 100 Chicago, IL 60661