HOBBY LOBBY STNL across from #1 Walmart Super 5625 SE 15th St 55 000 pi² 100% Loué Commerce de détail Immeuble Midwest City, OK 73110 11 280 415 $ CAD (205,10 $ CAD/pi²) 6,24% Taux de capitalisation

HMX Realty Advisors exclusively presents for sale a Hobby Lobby in the Sooner Rose Shopping Center, where Hobby Lobby occupies the endcap on the intersection directly across from the #1 performing Walmart Supercenter in Oklahoma and Home Depot.
Other tenants in the center include Burlington Coat Factory, Academy Sports + Outdoors and Regal Cinemas. A four-tenant section is of the center with Dollar Tree, Dine Brands’ Fuzzy’s Taco Shop, Rally House with 300 locations, and Mountain Mike’s Pizza is for sale separately and is priced at $7,500,000 which is a 7.5 cap rate. Additionally, Del Crest Center anchored by BioLife, Harbor Freight and Boot Barn, which is down SE 15th Street, is for sale and priced at $9,450,000 which is a 7.6 cap.
Hobby Lobby was relocated from a former supermarket down the street and has been operating in Midwest City for 35 years. Oklahoma City is the headquarters of Hobby Lobby, and it operates a corporate campus of over 12 million square feet of manufacturing, wherehouse and office space which is 10 miles away. Because they have no long-term debt and self-fund their facilities their "default risk" is viewed as extremely low. Lenders will often look at Hobby Lobby’s balance sheet and treat them with the same confidence as a BBB+ or A-rated company. The developer only contributed $50 psf to the 55,000 sf build to suite building.
The property benefits from the “Tinker Effect” with a 2-mile proximity to Tinker Air Force Base, the nation’s largest maintenance, repair, and overhaul (MRO) facility. It is the exclusive maintenance hub for the next-generation B-21 Raider stealth bomber. Tinker has a total annual economic impact of 7.5 billion, up from 4.5 billion a few years ago.