Miscellaneous

Hobby Lobby

11240 US 49, Gulfport, MS 39503

Listing Price: $5,300,000

Cap Rate
7.00%
Tenant Name
Hobby Lobby Stores, Inc.
Years Remaining On Lease
6.30
Gross SF
52,514
Guarantor
Corporate Guarantee
Rentable SF
52,514
Price/Gross SF
$100.93
Lease Type
Double Net
Rent Per Square Feet
$7.06

Investment Overview

Marcus & Millichap is pleased to present a Hobby Lobby in Gulfport, MS.

Investment Highlights

  • Hobby Lobby - Largest Privately Owned Arts and Crafts Retailer in the World
  • Priced Below Replacement Cost - Complete Gut Renovation in 2011
  • Robust Retail Corridor with 24 Hour Walgreens and Top Grossing Advance Auto as Outparcels

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Associate

    License(s): MS: 15586

    Mississippi

Listing Price: $5,300,000

Cap Rate
7.00%
Tenant Name
Hobby Lobby Stores, Inc.
Years Remaining On Lease
6.30
Gross SF
52,514
Guarantor
Corporate Guarantee
Rentable SF
52,514
Price/Gross SF
$100.93
Lease Type
Double Net
Rent Per Square Feet
$7.06

Investment Highlights

  • Hobby Lobby - Largest Privately Owned Arts and Crafts Retailer in the World
  • Priced Below Replacement Cost - Complete Gut Renovation in 2011
  • Robust Retail Corridor with 24 Hour Walgreens and Top Grossing Advance Auto as Outparcels

Investment Overview

Marcus & Millichap is pleased to present a Hobby Lobby in Gulfport, MS.

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Associate

    License(s): MS: 15586

    Mississippi

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