Dry Good
Duluth Trading Company | STNL Low Price Point| 9 Yrs Left
5445 Whipple Ave NW, North Canton, OH 44720
Listing Price: $3,600,000
Investment Overview
Freestanding Duluth Trading Company Double-Net Lease with 9 Years Remaining in Belden Village – Canton, OH’s #1 Retail Trade Area. Ideal Highway-Adjacent, Highly-Visible Store & Massive Pylon Sign Visible to 85,500 VPD on I-77; Draws Regional Traffic from the Canton & Akron MSAs. 25,000 VPD on Whipple Avenue NW; Just 0.2-Mile to I-77 Exit Ramps (I-77 Sees with 85,500 VPD). Directly Adjacent to 2 Drive-Thru QSR Restaurants (Freddy’s Steakburgers & Caribou Coffee) Driving Cross-Traffic to Site. 0.4-Mile from Pacific Retail-owned Belden Village Mall with 5.4M Visits Annually and Amongsta Who’s Who of Major Big-Box & Junior Box Retailers.
Duluth Trading Company | STNL Low Price Point| 9 Yrs Left
Investment Highlights
- Freestanding Duluth Trading Company Double-Net Lease with 9 Years Remaining in Belden Village – Canton, OH's #1 Retail Trade Area
- Available Individually or as a Portfolio with Adjacent STNL Freddy's Steakburgers and Caribou Coffee + Farmers National Bank 2-Tenant Property – Contact Agent for Details
- Upcoming 10% Rent Increase (+$30,570 Annually) in November 2028 Adds 85 bps to Cap Rate
- 2018 Build-to-Suit; Tenant Made Substantial Investment in Constructing Own 14,557 SF Class "A" Building (with $1.8M TIA from Developer) Demonstrating Substantial Commitment to Site
- Original 15-Year Lease with Three, 5-Year Options Remaining with 10% Rent Increases in Each
- Corporate Lease with Publicly-Traded Duluth Holdings, Inc. Lessee Entity (Nasdaq: DLTH) with $98 Million Market Cap and $647M in FY2023 Revenue; In Business Since 1989
- One of Only Four Duluth Stores in Ohio – Hand- Selected Site with Strategic Highway Visibility, Regional Accessibility, Commercial Density & Demographic Profile Suiting Tenant's Needs
- Minimal Landlord Responsibilities: Roof/Structure/ HVAC Replacement Costs Only, Tenant Fully Reimburses Landlord for Tax, Insurance, and CAM
Exclusively Listed By
Dry Good
Duluth Trading Company | STNL Low Price Point| 9 Yrs Left
Listing Price: $3,600,000
Investment Highlights
- Freestanding Duluth Trading Company Double-Net Lease with 9 Years Remaining in Belden Village – Canton, OH's #1 Retail Trade Area
- Available Individually or as a Portfolio with Adjacent STNL Freddy's Steakburgers and Caribou Coffee + Farmers National Bank 2-Tenant Property – Contact Agent for Details
- Upcoming 10% Rent Increase (+$30,570 Annually) in November 2028 Adds 85 bps to Cap Rate
- 2018 Build-to-Suit; Tenant Made Substantial Investment in Constructing Own 14,557 SF Class "A" Building (with $1.8M TIA from Developer) Demonstrating Substantial Commitment to Site
- Original 15-Year Lease with Three, 5-Year Options Remaining with 10% Rent Increases in Each
- Corporate Lease with Publicly-Traded Duluth Holdings, Inc. Lessee Entity (Nasdaq: DLTH) with $98 Million Market Cap and $647M in FY2023 Revenue; In Business Since 1989
- One of Only Four Duluth Stores in Ohio – Hand- Selected Site with Strategic Highway Visibility, Regional Accessibility, Commercial Density & Demographic Profile Suiting Tenant's Needs
- Minimal Landlord Responsibilities: Roof/Structure/ HVAC Replacement Costs Only, Tenant Fully Reimburses Landlord for Tax, Insurance, and CAM
Investment Overview
Freestanding Duluth Trading Company Double-Net Lease with 9 Years Remaining in Belden Village – Canton, OH’s #1 Retail Trade Area. Ideal Highway-Adjacent, Highly-Visible Store & Massive Pylon Sign Visible to 85,500 VPD on I-77; Draws Regional Traffic from the Canton & Akron MSAs. 25,000 VPD on Whipple Avenue NW; Just 0.2-Mile to I-77 Exit Ramps (I-77 Sees with 85,500 VPD). Directly Adjacent to 2 Drive-Thru QSR Restaurants (Freddy’s Steakburgers & Caribou Coffee) Driving Cross-Traffic to Site. 0.4-Mile from Pacific Retail-owned Belden Village Mall with 5.4M Visits Annually and Amongsta Who’s Who of Major Big-Box & Junior Box Retailers.
Exclusively Listed By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
