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2217 S Loop 288
Denton, TX 76205
Hobby Lobby · Retail Property For Sale
Investment Highlights
- Significantly Below-Market Rent – Hobby Lobby pays just $5.00/SF, creating substantial embedded rental upside and exceptional downside protection.
- Highly Replaceable Rent – The current rental rate is readily supportable by a broad range of retail users, significantly reducing leasing risk relativ
- 30-Year Operating History – Hobby Lobby has successfully operated at this location since 1997, demonstrating a long-term commitment to the site and ma
Executive Summary
Rare opportunity to acquire a net leased Hobby Lobby with a 30-year operating history, an
exceptionally below-market rental rate of just $5.00/SF.
At just $5.00/SF, the current rent is extremely replaceable, providing strong downside protection,
and also potential for substantial future rent growth, offering a compelling risk-adjusted
investment opportunity.
Strategically located in
exceptionally below-market rental rate of just $5.00/SF.
At just $5.00/SF, the current rent is extremely replaceable, providing strong downside protection,
and also potential for substantial future rent growth, offering a compelling risk-adjusted
investment opportunity.
Strategically located in
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
59,684 SF
Building Class
B
Year Built/Renovated
1982/2019
Price
$4,400,000
Price Per SF
$73.72
Cap Rate
6.01%
NOI
$264,364
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
4.66 AC
Parking
176 Spaces (2.11 Spaces per 1,000 SF Leased)
Amenities
- Property Manager on Site
Property Taxes
| Parcel Number | R744208 | Improvements Assessment | $2,397,537 |
| Land Assessment | $1,216,631 | Total Assessment | $3,614,168 |
Property Taxes
Parcel Number
R744208
Land Assessment
$1,216,631
Improvements Assessment
$2,397,537
Total Assessment
$3,614,168
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