5445 Whipple Ave NW - Freestanding FOR SALE
North Canton, OH 44720 |
$3,600,000 USD
216-264-2000
5445 Whipple Ave NW
North Canton, OH 44720
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
- Upcoming 10% Rent Increase (+$30,570 Annually) in November 2028 Adds 85 bps to Cap Rate
- 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
- 25,000 VPD on Whipple Avenue NW; Just 0.2-Mile to I-77 Exit Ramps (I-77 Sees with 85,500 VPD)
FOR SALE DETAILS
PRICE
$3,600,000 USD
PRICE/SF
$247 USD /SF
CAP RATE
8.49%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
STNL Low Price Point Duluth Trading Company
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2018
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
3.29 AC
LAND SF
143,312 SF
ZONING
Commercial
APN/PARCEL ID
10010108
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216-264-2000
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216-264-2000
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