For Sale
$4,951,213

100 Angry Beaver WayMadison, AL 35758

High-yield, NNN-leased Duluth Trading Co.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fee-simple ownership of a 15,656-square-foot Duluth Trading Company retail property situated on a 2.34-acre lot in Madison, Alabama (100 Angry Beaver Wy, 35758). The property, built in 2019, boasts a strong 100% occupancy rate under a 15-year Net Net (NN) lease with a corporate guarantee from Duluth Holdings Inc. The lease commenced June 1, 2019, and has a remaining term of approximately 9.5 years, with four, five-year renewal options. The current annual net operating income (NOI) is $396,097, representing an attractive 8.00% capitalization rate and a price per square foot of $316.25. The lease includes scheduled rent increases of 10% every five years, providing significant long-term growth potential. This single-tenant property offers a secure, passive income stream backed by a financially stable national retailer with a proven track record. The property's location in Madison, Alabama, provides excellent visibility and accessibility. This is a rare opportunity to acquire a high-quality, net-leased retail investment with substantial upside potential. The asking price is $4,951,213.

Highlights

  • Fee-simple ownership of a 15,656-square-foot Duluth Trading Company retail building on a 2.34-acre lot in Madison, AL. Built in 2019.
  • 9.5+ years remaining on a 15-year Net Net (NN) lease with four, five-year renewal options; corporate guarantee from Duluth Holdings Inc.
  • 10% rent increases every five years.

Property Details for 100 Angry Beaver Way

Property type
Lifestyle centers, Power centers
Square Feet
15,656 SF
Year Built
2019
Lot Size (sq. ft)
101,930 SF

Location Insight

City
Madison
County
Madison
State
Alabama
Latitude
34.67349
Longitude
-86.748391
100 Angry Beaver Way, Madison, Alabama

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100 Angry Beaver Way
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