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- LoopNet Team
13780 Millard Ave
Omaha, NE 68137
Hobby Lobby: Corporate Guaranteed Lse · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Dedicated Turn Lane
- Monument Signage
- Air Conditioning
ABOUT 13780 MILLARD AVE , OMAHA, NE 68137
Hobby Lobby has 5+ years remaining on a corporate guaranteed NN lease with $0.50 per square foot rental escalations every 5 years. The tenant, Hobby Lobby Stores, Inc. is a private for-profit corporation operating 822 retail stores nationwide. This location has been successfully open and operating since 2004 and has recently executed their second 5-year option to renew (ask broker for details). This asset is priced below replacement cost with current rent well below market - $6.00 PSF. Hobby Lobby is located in Omaha, Nebraska on a large 7.74 acre parcel, half a mile from US 275 with excellent driveby visibility. The subject location has upside protentional with an opportunity to create an outparcel (subject to Hobby Lobby appraisal). Nearby retailers include: Walmart Supercenter, Sam’s Club, Target, The Home Depot, ULTA Beauty, Petco, Michaels, Maurices, Shoe Carnival, Kirkland’s, UrbanCasual, buybuy BABY, Cost Plus World Market, Hy-Vee, Super Saver, Dollar Tree.
PROPERTY TAXES
| Parcel Number | 2551-5106-07 | Improvements Assessment | $1,806,300 |
| Land Assessment | $3,201,100 | Total Assessment | $5,007,400 |
PROPERTY TAXES
