Brand New Hobby Lobby | NNN 15-Yr Lease with Rent Increases

SECURE INCOME STREAM

•    New 15-Year Lease – low rent of $4/SF, well below replacement cost, $0.50/SF increases during base term
•    Rare Tenant Maintained Parcel – tenant responsible for all maintenance of parcel, landlord responsible for roof and structure
•    Brand New 2024 Construction – latest prototype design and footprint
•    Significant Investment by Hobby Lobby – tenant funded development
•    Corporate Guaranteed Lease – ranked #75 largest private company in the U.S. by Forbes in 2023., over 1,000 locations
•    Hobby Lobby 2023 Annual Revenue of $7.9 Billion – 2.6%increase over 2022, 43,000 employees

PROXIMITY

•    Shadow-Anchored by Walmart Supercenter – additional tenants include McDonald’s, PetSmart, Glory Days, Arby’s, Panda Express and Mavis Tires
•    Excellent Access and Visibility to 41,540 VPD – across from brand new Target and Aldi anchored center
•    70,809 Residents in Growing Trade Area - with an average household income of $73,295
•    Surrounded by Thousands of Residential Homes - Black Diamond Ranch (750 Units), Terra Vista (2,045 Units) and Brentwood Farms
(600+ Units)
•    New Entrance to Suncoast Parkway Phase 2  – will be completed in 2026 to serve future increases in traffic due to growth and development)
•    Additional Planned Nearby Development Includes  – Lecanto Preserve (930 Units), Amber Ridge (982 Single Family Homes / 155 Townhomes / 300 Multi-Family Unit), and Davis Preserve (400 Unit Villa Development)