13780 Millard Ave
Omaha, NE 68137
Corporate Hobby Lobby - Agent Justin Zahn · Retail Property For Sale

LISTING AGENT: JUSTIN ZAHN - 402-730-6021. Hobby Lobby has 4+ years remaining on corporate guaranteed NN lease with $0.50 PSF rental escalations every 5 years and two 5-year options remaining. The tenant, Hobby Lobby Stores, Inc. is a private for-profit corporation operating more than 850 retail stores nationwide. This asset as been successfully open and operating at this location since 2004 and recently executed their second 5-year option to renew! Hobby Lobby is priced below replacement cost with current rent well below market - $6.00 PSF and a brand-new roof will be installed Spring of 2020 with a 15-year warranty. There is an opportunity for upside potential to subdivide an outparcel (subject to Hobby Lobby approval). Hobby Lobby is located in Omaha, Nebraska on a large 7.74 acre parcel half a mile from US 275 with excellent drive-by visibility. Nearby retailers include: Walmart Supercenter, Sam’s Club, Target, Home Depot, Kohl’s, Barnes & Noble, PetSmart, ULTA Beauty, Petco, Michaels, Maurices, Shoe Carnival, Kirkland’s, Five Below, Cost Plus World Market, Hy-Vee, Super Saver, Dollar Tree; Lumberyard District, etc. The subject location is 9.5 miles from University of Nebraska Omaha (enrollment of 15,431), 7.5 miles from College of St. Mary (1,168 students), and 4 miles from CHI Health Lakeside Hospital (157 beds).