Tenant: Hobby Lobby Premises: 56859 SF Renewal Options: 2 x 5
Lease Expiration: 03/31/2015 Lease Type: NN Rental Increases: $6.85/SF at Option 1, $7.25/SF at Option 2
NN Lease – Minimal Landlord Responsibilities
Short Term Lease with Increase in 2015
Strong Reported Sales/SF
Hobby Lobby – $4.9M in Annual Sales at this Location
Chain of 550 Stores in 44 States
Hobby Lobby Stores, Inc., headquartered in Oklahoma City, OK, operates over 600 stores across the nation that average 55,000 square feet. Hobby Lobby is an industry leading retailer offering more than 70,000 arts, crafts, hobbies, home decor, Holiday, and seasonal products.
Hobby Lobby is included in Forbes’ annual list of America’s largest private companies. While Hobby Lobby continues to grow steadily, the company carries no long-term debt.
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