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4107 Broadway St
Mount Vernon, IL 62864
Hobby Lobby · Retail Property For Sale
Investment Highlights
- Recent 10-Year Lease Extension
- Only Hobby Lobby in 50+ Miles and Strategically Positioned
- Corporately Leased to Hobby Lobby, a $8B+ Revenue Company (2024)
- Minimal Landlord Responsibilities with a Transferable Roof Warranty
Executive Summary
Only Hobby Lobby in 50+ Miles and Strategically Positioned
- Hobby Lobby is located in Mt. Vernon, a regional hub for Southern Illinois, drawing consumers from multiple surrounding communities.
- Positioned near major highways (I-57 and I-64), the store benefits from high traffic and easy accessibility.
- The store is situated in Times Square Mall (2.3M Visits/Year per Placer.ai) nearby other national tenants including Ross, Planet Fitness, Hibbett Sports, Ashley Outlet, Kroger, Rural King, and a brand-new construction Seven Brew Coffee, increasing foot traffic and consumer interest.
- With limited direct competitors in the arts and crafts retail sector in the region, Hobby Lobby maintains a dominant market position in this niche category.
- Hobby Lobby is located in Mt. Vernon, a regional hub for Southern Illinois, drawing consumers from multiple surrounding communities.
- Positioned near major highways (I-57 and I-64), the store benefits from high traffic and easy accessibility.
- The store is situated in Times Square Mall (2.3M Visits/Year per Placer.ai) nearby other national tenants including Ross, Planet Fitness, Hibbett Sports, Ashley Outlet, Kroger, Rural King, and a brand-new construction Seven Brew Coffee, increasing foot traffic and consumer interest.
- With limited direct competitors in the arts and crafts retail sector in the region, Hobby Lobby maintains a dominant market position in this niche category.
Property Facts
Sale Type
Investment NNN
Sale Condition
Lease Option
Property Type
Building Size
52,729 SF
Building Class
B
Year Built/Renovated
1974/2014
Price
$4,143,000
Price Per SF
$78.57
Cap Rate
7%
NOI
$290,010
Tenancy
Single
Building Height
1 Story
Building FAR
0.98
Lot Size
1.24 AC
Zoning
C - Commercial
Property Taxes
| Parcel Number | 06-36-102-021 | Improvements Assessment | $1,602,266 |
| Land Assessment | $541,735 | Total Assessment | $2,144,001 |
Property Taxes
Parcel Number
06-36-102-021
Land Assessment
$541,735
Improvements Assessment
$1,602,266
Total Assessment
$2,144,001
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