Duluth Trading Company
Denton, TX
Key Details
| Price: | $5,165,381 |
|---|---|
| Cap Rate: | 7.75% |
| Annual Rent: | $400,317 |
| Address: | 3651 North Interstate 35, Denton, Texas 76207 |
| Property Type: | Retail |
| Lease Type: | Double Net (NN) |
Property Data
| Original Lease Term: | 15 Years |
|---|---|
| Lease Commencement: | 6/1/2018 |
| Lease Expiration: | 5/31/2033 |
| Lease Term Remaining: | 8.5 Years |
| Rental Increases: | 10.00% Every 5 Years |
| Lot Size: | 2.10 Acres |
| Building Size: | 14,557 SF |
| Year Built: | 2018 |
NNN Pro is pleased to present the exclusive listing for a Duluth Trading Company located at 3651 North Interstate 35, Denton, Texas 76207. The site consists of roughly 14557 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 $400,317 and has scheduled increases of 10.00% Every 5 Years.
About the Investment
- Freestanding Property Subject property benefits from excellent frontage along N Interstate 35.
- Strong Academic Presence Less than four miles from University of North Texas and Texas Woman's University, which have over 56,000 total students enrolled.
- Dense Retail Corridor The subject property is located within a dense retail corridor with major national retailers including Walmart, Starbucks, In-N-Out, IHop, Chili's, Home Depot, McDonald's, Sam's Club, ALDI, QuikTrip, Raisin Canes, Chipotle, Chick-Fil-A, Kohls and many more.
Key Details
| Price: | $5,165,381 |
|---|---|
| Cap Rate: | 7.75% |
| Annual Rent: | $400,317 |
| Address: | 3651 North Interstate 35, Denton, Texas 76207 |
| Property Type: | Retail |
| Lease Type: | Double Net (NN) |
Property Data
| Original Lease Term: | 15 Years |
|---|---|
| Lease Commencement: | 6/1/2018 |
| Lease Expiration: | 5/31/2033 |
| Lease Term Remaining: | 8.5 Years |
| Rental Increases: | 10.00% Every 5 Years |
| Lot Size: | 2.10 Acres |
| Building Size: | 14,557 SF |
| Year Built: | 2018 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Alexandre Marietto
amarietto@nnnpro.com
License: NY: 10401294047
Kyle Karsian
kkarsian@nnnpro.com
License: NY: 10401321452
Walker Stevens
wstevens@nnnpro.com
License: NY: 10401381479
Jack McHugh
jmchugh@nnnpro.com
License: NY: 10401389686
Broker of Record
Brian Brockman
Bang Realty-Texas, Inc
License: 701472
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.