Net Lease Hobby Lobby Property Profile and Cap Rates Date September 3, 2020
Net Lease Hobby Lobby – Typical Property and Lease Terms
| Price Range: | $5 mm - $9 mm |
| Cap Rate: | 6.15% |
| Net Income: | $420,000 |
| Price Per foot: | $130 PSF |
| Building Size: | 55,000 SF |
| Lot Size: | 6 Acres |
| Escalations: | Various |
| Lease Term: | 15 Years |
| Lease Type: | NN |
| Credit Rating: | Not Rated |
Tenant Company Information:
Hobby Lobby Stores, Inc., formerly Hobby Lobby Creative Centers, is a private for-profit corporation which owns a chain of American arts and crafts stores with a volume of over $5 billion in 2018
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