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Department Store

Hobby Lobby | Over 250k Pop. Within 5-Mile Radius | High HH Income Area

7370 Woodward Ave, Woodridge (Chicago MSA), IL 60517

Listing Price: $4,031,000

Cap Rate
8.00%
Tenant Name
Hobby Lobby Stores, Inc.
Years Remaining On Lease
2.2
Gross SF
42,997
Guarantor
Corporate Guarantee
Rentable SF
42,997
Price/Gross SF
$93.75
Lease Type
Double Net
Rent Per Square Feet
$7.50

Investment Overview

Positioned Along Area’s Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 48k Vehicles. Densely Populated Area with Over 250k Residents Within a 5-Mile Radius With an Average Household Income of Over $117,843. Prime accessibility directly off Exit 15 of Interstate-355 (“I-355”) at the intersection of Woodward Avenue and 75th Street. Centerpointe of Woodridge is a single level, open air shopping center situated on approximately 42.87 acres and conveniently located 7200 Woodward Avenue, at the intersection of I-355 and 75th Street in Woodridge, DuPage County, Illinois. Hobby Lobby Stores, Inc., formerly Hobby Lobby Creative Centers, is an American retail company. It owns a chain of arts and crafts stores with a volume of over $5 billion in 2018. The chain has 932 Stores in 47 states. Hobby Lobby offers over 70,000 items featuring home decor, seasonal decor, tableware, floral, art supplies, craft supplies, yarn, fabric, jewelry making, hobbies and much more.

Investment Highlights

  • Subject Property Is Approximately 42,997 Square Feet, Situated on a ±3.13 Acre Separated Parcel
  • Hobby Lobby Is the Largest Privately Owned Arts-and-Crafts Retailer in the World, with More Than 900 Locations Currently Operating – Annual Revenue of More Than $5.30 Billion
  • Subject property sits 30 miles from the Chicago CBD and is surrounded by the neighboring Naperville, Downers Grove, Bolingbrook, Aurora and Orland Park.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Department Store

Hobby Lobby | Over 250k Pop. Within 5-Mile Radius | High HH Income Area

Listing Price: $4,031,000

Cap Rate
8.00%
Tenant Name
Hobby Lobby Stores, Inc.
Years Remaining On Lease
2.2
Gross SF
42,997
Guarantor
Corporate Guarantee
Rentable SF
42,997
Price/Gross SF
$93.75
Lease Type
Double Net
Rent Per Square Feet
$7.50

Investment Highlights

  • Subject Property Is Approximately 42,997 Square Feet, Situated on a ±3.13 Acre Separated Parcel
  • Hobby Lobby Is the Largest Privately Owned Arts-and-Crafts Retailer in the World, with More Than 900 Locations Currently Operating – Annual Revenue of More Than $5.30 Billion
  • Subject property sits 30 miles from the Chicago CBD and is surrounded by the neighboring Naperville, Downers Grove, Bolingbrook, Aurora and Orland Park.

Investment Overview

Positioned Along Area’s Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 48k Vehicles. Densely Populated Area with Over 250k Residents Within a 5-Mile Radius With an Average Household Income of Over $117,843. Prime accessibility directly off Exit 15 of Interstate-355 (“I-355”) at the intersection of Woodward Avenue and 75th Street. Centerpointe of Woodridge is a single level, open air shopping center situated on approximately 42.87 acres and conveniently located 7200 Woodward Avenue, at the intersection of I-355 and 75th Street in Woodridge, DuPage County, Illinois. Hobby Lobby Stores, Inc., formerly Hobby Lobby Creative Centers, is an American retail company. It owns a chain of arts and crafts stores with a volume of over $5 billion in 2018. The chain has 932 Stores in 47 states. Hobby Lobby offers over 70,000 items featuring home decor, seasonal decor, tableware, floral, art supplies, craft supplies, yarn, fabric, jewelry making, hobbies and much more.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

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