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Hobby Lobby | Apple Valley, CA 19386 Bear Valley rd 55,000 SF Retail Building Apple Valley, CA 92308 $15,200,000 ($276.36/SF) 6.15% Cap Rate
Investment Highlights
- Leading Arts and Crafts Retailer and One of the Largest Privately-Owned Retailers in the U.S. With Over 1,019 Locations
- $1.00/SF/Yr Increases Every 5 Years
- #2 “America’s Best Retailer: Home Goods” Newsweek (2024)
- New 15-Year Initial Lease Term
- #1 “Largest Privately Owned Arts & Crafts Retailer” Hobby Lobby (2025)
- #70 “America’s Largest Private Companies” Forbes (2025)
Executive Summary
New 15-Year Lease | 2026 Construction | #1 Largest Privately Owned Arts & Crafts Retailer | #70 America’s Largest Private Companies | 75,000 CPD Signalized Intersection | Affluent Demos; $107,000 AHHI
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Department Store
Building Size
55,000 SF
Building Class
B
Year Built
2026
Price
$15,200,000
Price Per SF
$276.36
Cap Rate
6.15%
NOI
$934,800
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
4.61 AC
Amenities
- Dedicated Turn Lane
- Signage
- Signalized Intersection
- Wheelchair Accessible
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 3087-171-21 | Improvements Assessment | $0 |
| Land Assessment | $645,660 | Total Assessment | $645,660 |
Property Taxes
Parcel Number
3087-171-21
Land Assessment
$645,660
Improvements Assessment
$0
Total Assessment
$645,660
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Hobby Lobby | Apple Valley, CA | 19386 Bear Valley rd
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