Hobby Lobby

Retail / Posted 3 months ago by Deborah Vannelli, Upland Real Estate Group, Inc. / 91 views

  • Price : $6,964,640
  • Cap Rate : 7.0%
  • Net Operating Income : $487,524.84
  • Tenant : Hobby Lobby
  • Lease Type : NN
  • Lease Term Remaining (Years) : 6 Years
  • Building Size (SF) : 61,712
  • Land Area (Acres) : 4.07
  • Year Built : 1982 / 2015
  • Hobby Lobby is the largest privately owned arts-and-crafts retailer in the world with 900 Stores in 46 States.
  • Hobby Lobby is subleasing from J.E. West Saint Paul 2014 LLC with 6 years remaining on the primary lease term. The master lease is guaranteed by Roundy’s, Inc., a subsidiary of Kroger. Roundy’s operates 150 retail stores in Wisconsin & Illinois. Kroger operates 2,755 stores in 35 states.
  • Excellent location near Super Target, Wal-Mart and Lowe’s.
  • Strong demographics with a 5-mile population of 224,310 and average household income of $86,278.
  • High traffic counts in front of the property averaging 23,400 vehicles daily on South Robert Street.
  • Large lot size over 4 acres.

1660 S Robert StreetWest St. Paul,Minnesota,55118

Deborah Vannelli
Upland Real Estate Group, Inc.

612-332-6600

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