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Views: 56 DOM: 133 Updated: 11.08.24 Posted: 07.11.24 Status: Active

Summary

Price $2,100,000
Built/Renov 1983/2023
Tenant Dunham's Sports
Cap Rate 8.76%
Lease Type Gross
Guarantor Corporate
Size/SF 34,230
Lease Start 03-01-2023
#Units 257
Price/SF $61.35
Expiration 02-28-2033
Tenant Type General Retail
NOI $183,888
R. Term 8.3
Ownership Fee Simple
Rent/SF $5.37
Increases 0.0%/0/yrs
Pop 5Mi 34,026
Lot/AC 2.00
Options 4/5yrs
AHHI 5Mi $63,527

Lease Highlights

  • Dunham's Sports has 8+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 5% of gross sales in excess of base rental escalations throughout the initial term and option periods
  • Corporate guaranteed lease

Location Description

Dunham's Sports is strategically located on W State Street/US 62, with access to 23,700 vehicles passing by daily. The property is within close proximity to well-known national tenants including Meijer, Giant Eagle, Marc’s Grocery, Aldi, Walmart, Lowe’s, and more. Additionally, it is surrounded by other planned retail developments. The 5-mile trade area is supported by a population of 34,026...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dunham's Sports
  • Guarantor:Corporate
  • Company:Dunham's Athleisure Corporation
  • # Units:257
  • Stock:Private

About Tenant

Dunham's Sports is an American sporting goods retail chain specializing in athletic equipment, clothing, firearms, and other sports-related items. Their roots go back to 1937 in West...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 1,588 19,281 32,363
2024 Total Population : 1,615 19,553 32,826
2024 Employed Civilian Pop : 741 9,087 15,118
2024 Total Businesses : 149 706 1,187
2024 Average Household Income : $ 76,710 $ 75,568 $ 74,126
2024 Total Consumer Spending : $ 51 M $ 525 M $ 881 M
2024 Median Age : 50 41 41
2024 Total Households : 756 7,830 13,333
2024 Pop Age 25+: Bachelor's Degree : 147 1,731 2,581
2024 Average Home Value : $ 253,580 $ 202,600 $ 198,922
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W State St Oak Hill Dr NE 2003 16,070 0.35 mi
Freshley Avenue W Main St 2021 4,803 0.43 mi
West State Street Oswalt Ave NE 2021 15,233 0.62 mi
Schubert Avenue Northeast Easton St NE 2021 478 0.64 mi
RAMP FROM US62 TO US62 TEMP NB Oswalt Ave NE 2021 926 0.73 mi
RAMP FROM US62 TO US62 TEMP NB Oswalt Ave NE 2020 872 0.73 mi
Atlantic Boulevard Northeast W Main St 2021 8,545 0.80 mi
2019 891 0.84 mi
US 62 State St NE 2021 3,978 0.84 mi
US-62 State St NE 2020 3,905 0.84 mi

Listing Broker

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