Hobby Lobby | New Construction 15-Year 117 Commerce St 50,452 SF Retail Building Wisconsin Dells, WI 53965 $6,540,000 ($129.63/SF) 6.50% Cap Rate

CBRE’s Net Lease Property Group is pleased to exclusively present the excellent opportunity to acquire fee simple interest in a new construction Hobby Lobby located in Lake Delton, Wisconsin. Hobby Lobby has signed a new 15-year lease and features rental increases throughout the base term and renewal options.
Hobby Lobby anchors Lake Delton Marketplace, a prime retail destination located in the robust retail corridor just off Interstate 90/94, the primary artery connecting Madison to the Wisconsin Dells tourist region. The center is strategically positioned near other major traffic generators, including a Walmart Supercenter, Home Depot, Kohl’s, and Ross Dress for Less. As a primary regional hub of retail activity, Lake Delton Marketplace serves an expansive trade area comprising both a steady local population and the millions of annual visitors to the Wisconsin Dells area.
Hobby Lobby the largest privately-owned arts-and-crafts retailer in the United States, currently operating more than 1,000 stores nationwide. The retailer offers an extensive variety of goods including crafting supplies, catering to a wide range of DIY and home décor needs. The company reporting an annual revenue of $8.0 billion in 2024. Its continued growth and scale have earned it the 69th spot on Forbes’ annual list of America’s largest private companies.