Duluth Trading Company

Lease & Location 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

Tenant Highlights

• Duluth Trading Company is a national apparel retailer that is focused on durable, functional workwear
• Publicly traded on the NASDAQ stock exchange (DLTH)
• Duluth currently operates ± 70 locations nationwide with plans to continue expansion