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Duluth Trading Company 13890 Cabela Pky

14,557 SF Retail Building Noblesville, IN 46060 $5,165,381 ($355/SF) 7.75% Cap Rate

Investment Highlights

  • Attractive Rental Increases Subject to rental increases of 10% every 5 years.
  • Corporate Guarantee This lease is guaranteed by Duluth Holdings Inc which has over 60 locations nationwide with a goal of continued growth.
  • Attractive Real Estate Fundamentals The subject property is located adjacent to Hamilton Town Center, which features over 100 national tenants.

Executive Summary

NNN Pro is pleased to present the exclusive listing for a Duluth
Trading Company located at 13890 Cabela Parkway, Noblesville,
IN 46060. The site consists of roughly 14,557 rentable square feet
of building space on an estimated 2.73-acre parcel of land. This
Duluth Trading Company is subject to a 15-year Double Net (NN)
lease, which commenced 3/1/2017. The current annual rent is
$400,317 and has scheduled increases of 10.00% Every 5 Years.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,557 SF
Building Class
B
Year Built
2017
Price
$5,165,381
Price Per SF
$355
Cap Rate
7.75%
NOI
$400,317
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
2.73 AC
Zoning
PUD
Parking
99 Spaces (6.8 Spaces per 1,000 SF Leased)
Frontage
374 FT on Campus pky

Nearby Major Retailers

Mcalister's Deli
Five Guys
Red Robin Gourmet Burgers And Brews
KeyBank
Chuy's
LongHorn Steakhouse
Olive Garden Italian Rstrnt
Everbowl
Perkins Restaurant & Bakery
BMO

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 29-11-23-000-011.029-021
  • 29-11-23-000-011.017-021
Land Assessment
$4,102,600
Improvements Assessment
$5,914,000
Total Assessment
$10,016,600
  • Listing ID: 32791574

  • Date on Market: 8/14/2024

  • Last Updated:

  • Address: 13890 Cabela Pky, Noblesville, IN 46060

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