Hobby Lobby Real Estate Opportunities & Market Research
Hobby Lobby
Lowest Cap Rate
5.58%
Lowest Cap Rate over past 24 months
Average Cap Rate
7.00%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
Low Transaction Volume
Contact for Details
Contact for Details
Average Cap Rate over previous quarter
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
N/A
6.57
6.63
5.57
N/A
6.27
*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%
Woodbury, MN6.50%
Silverdale, WA6.50%
Top Consumer Traffic
Lynchburg, VA1,000,000
Lubbock, TX989,800
Bowling Green, KY908,500
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data