Discount
Hobby Lobby | Early 10-Year Lease Extension | Low Rent of $5.50/SF | Only Hobby Lobby in 50+ Miles
4107 Broadway St, Mount Vernon, IL 62864
Listing Price: $4,235,000
Cap Rate
6.85%
Tenant Name
Hobby Lobby
Years Remaining On Lease
9.3
Guarantor
Corporate Guarantee
Rentable SF
52,729
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$5.50
Investment Overview
Marcus & Millichap is pleased to present a Hobby Lobby located in Mt. Vernon, IL.
Hobby Lobby | Early 10-Year Lease Extension | Low Rent of $5.50/SF | Only Hobby Lobby in 50+ Miles
Investment Highlights
- Recent 10-Year Lease Extension
- Corporately Leased to Hobby Lobby, a $7.9B+ Revenue Company (2023)
- Only Hobby Lobby in 50+ Miles and Strategically Positioned
- Minimal Landlord Responsibilities with a Transferable Roof Warranty
Discount
Hobby Lobby | Early 10-Year Lease Extension | Low Rent of $5.50/SF | Only Hobby Lobby in 50+ Miles
Listing Price: $4,235,000
Cap Rate
6.85%
Tenant Name
Hobby Lobby
Years Remaining On Lease
9.3
Guarantor
Corporate Guarantee
Rentable SF
52,729
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$5.50
Investment Highlights
- Recent 10-Year Lease Extension
- Corporately Leased to Hobby Lobby, a $7.9B+ Revenue Company (2023)
- Only Hobby Lobby in 50+ Miles and Strategically Positioned
- Minimal Landlord Responsibilities with a Transferable Roof Warranty
Investment Overview
Marcus & Millichap is pleased to present a Hobby Lobby located in Mt. Vernon, IL.
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