Hobby Lobby Real Estate Opportunities & Market Research

Hobby Lobby

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Lowest Cap Rate

5.58%

Lowest Cap Rate over past 24 months

Average Cap Rate

6.91%

12 mo avg with 5+ yr lease term

Average Cap Rate calculated if 3+ comps are available over past 12 months

Quarter Cap Rate

0.00%

Average Cap Rate over previous quarter

Average Quarter Cap Rates calculated over prior full quarter, irrespective of term length

Overview

Hobby Lobby is a national recognized leader in the arts and crafts industry. Located in highly traffic and popular shopping areas, Hobby Lobby has some of the highest foot trafficked locations in the retail industry. Hobby Lobby has over 900 locations nationwide, and each of these locations are an average size of 55,000-65,000 square feet. Hobby Lobby has also been listed as one of Forbes’ organizations top privately-held companies, making them financially attractive and indicating their economic stability. In general, Hobby Lobby attracts investors because of their 15-year lease period with options to extend and various rent escalations for the lease. It also relieves the landlord of all responsibilities.

Property & Lease

Sales Price Range$4,000,000 - $12,000,000

NOI Range$300,000 - $900,000

Building SF55,000 - 65,000

Lease Term15 Years

EscalationsVaries

Stock SymbolCAPITALCOM:US500

Credit Rating

S&PN/A

Moody'sN/A

Cap Rate By Region

Average regional cap rates calculated over past 24 months, irrespective of term length

6.55

6.57

6.85

5.57

N/A

6.04

*Regional cap rates calculated from sales data available over the past 24 months, irrespective of remaining term.

Financial Fundamentals

Overview
Cap Rate By Region

Recent Sales Comps

Rapid City, SD8.25%

East Hanover, NJ6.55%

Woodbury, MN6.50%

Top Consumer Traffic

Lubbock, TX1,000,000

Bowling Green, KY913,000

Lynchburg, VA823,400

Provided by Placer.ai

*Indicates ranking may be skewed due to limited data