Lowest Cap Rate
5.32%
Lowest Cap Rate over past 24 months
Average Cap Rate
Low Transaction Volume
Contact for Details
Contact for Details
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
6.66%
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. Hobby Lobby has more than a thousand locations nationwide, and each of these locations are an average size of 55,000-65,000 square feet. 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
7.03
5.77
7.13
6.90
N/A
7.05
*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
Burlington, NC6.66%
Reno, NV6.91%
Albany, OR7.83%
Top Consumer Traffic
Lubbock, TX1,200,000
Bowling Green, KY1,100,000
Amarillo, TX941,400
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data
