Hobby Lobby

Hobby Lobby - Tenant News
Average Cap Rate Trend
6.25%
2020
6.00%
2021
12 mo avg with 10+ yr lease term (*Please Note Data Points Are Approximated & Based On Opinion*)
Average Sale Data & Lease Structure
Avg. Sale Price$5,500,000
Avg. Annul Rental Income$300,000
Avg. Price/ SF$125/SF
Typical Lease TypeDouble Net
Typical Lease Term15 Years
Typical Lease Escalations10% Every 5 Years
Credit Rating
S & PN/A
Moody'sN/A

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Tenant Description

Hobby Lobby was founded in 1972 and is headquartered in Oklahoma City, OK. It is an industry leader in the arts and crafts business. It has operates 850+ stores, has 32,000+ employees, and operates in 45+ States. The company has excellent corporate financial fundamentals and is consistently listed on Forbes list of America’s Largest Private Companies.

What To Look For When Buying A Hobby Lobby

Can you replace this rent and re-tenant the building if needed?

Competition

Michaels, Jo-Ann Stores

What Is Sold In A Hobby Lobby

Arts and crafts supplies store including hobbies, picture framing, jewelry making, fabrics, floral and wedding supplies, cards and party ware, baskets, wearable art, home accents and holiday merchandise.

Hobby Lobby Website

https://www.hobbylobby.com/

Corporate Office Location

7707 SW 44th St – Oklahoma City, OK 73179

Fast Facts

Hobby Lobby is the largest privately owned arts-and-crafts retailer in the world

Hobby Lobby has two affiliated companies. Mardel is a Christian bookstore and education supply store, and Hemispheres, a fine furnishings retailer.

Hobby Lobby – Tenant News

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