Hobby Lobby Corporate LEASE - 15-year lease with rental increases Priced at only $93/ft - Capital Pacific
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Hobby Lobby
Corporate LEASE
[ subject property ]
15-year lease with rental increases
Priced at only $93/ft www.CapitalPacific.com
4125 W. Broadway Blvd., Sedalia, MO 65301
m ent highl
s t i THE SUBJECT PROPERTY IS A NEW BUILD-TO-SUIT Listing Team
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Contact Info
inve
HOBBY LOBBY IN THE CITY OF SEDALIA, MO, WHERE
ts
RETAIL SALES PER CAPITA ARE NEARLY TWICE THE John Andreini
US AVERAGE. jandreini@capitalpacific.com | (415) 274-2715
CA BRE# 01440360
IT IS LOCATED ON THE PRIMARY RETAIL CORRIDOR,
AND SURROUNDED BY OTHER MAJOR TENANTS RICK SANNER
INCLUDING LOWES, MENARDS, KOHLS, STEAK rsanner@capitalpacific.com | (415) 274-2709
CA BRE# 01792433
AND SHAKE, ALDI, WALMART SUPERCENTER, AND
TRACTOR SUPPLY. Aaron Susman
asusman@capitalpacific.com | (415) 481-0377
PRICE: $5,119,231 RENTABLE SF. . . . . . . . . . . 55,000 SF CA BRE#01961568
CAP: 6.50% LOT SIZE . . . . . . . . . . . . . . . 6.0 AC
In conjunction with MO Licensed Broker:
PRICE PER SF. . . . . . . . . . . $93.08 Adam S. Blue, Area Real Estate Advisors
CURRENT RENT. . . . . . . . . $6.05/SF 816-876-2511 | ablue@openarea.com
YEAR BUILT . . . . . . . . . . . . 2016
Capital Pacific collaborates. Click Here to
meet the rest of our San Francisco team.
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the
information. Buyer must verify the information and bears all risk for any inaccuracies.
[ subject property ]
HOBBY LOBBY | 2
core characteristics
PRIMARY TRADE AREA / EXCELLENT INTRINSICS
Located next to the regional mall and in same trade area as major regional
draws including WalMart Supercenter, Lowe’s, Aldi, and Menards. The property
Tenant responsible for direct payment and administration
is on a large six acre lot paying only $6/ft. in rent and priced at $93.08/ft. of taxes, common area maintenance, and HVAC
SALES PER CAPITA ALMOST DOUBLE NATIONAL AVERAGE
Sedalia is the regional trade center for central Missouri and Pettis County. The
unemployment rate is a mere 4.1%, compared to the unemployment rate for
the entire country, which is 6%. According to the US Census Bureau, total retail LEASE HIGHLIGHTS
sales per capita are over $24,000 compared to the US average of $13,443. 15-year lease with rental increases every five years in the base term and
The low cost of living combined with low unemployment results in a city with throughout the four (4) five-year options.
strong spending power.
Tenant is responsible for the direct payment and administration of taxes,
$4 BILLION IN REVENUES / FORBES RANKED #94 common area maintenance, interior utilities , HVAC, and tenant insurance.
Hobby lobby is a privately held company with 2016 revenue of over $4 billion. Landlord responsible for roof (15 year roof warranty), landlord insurance, and
The company currently has over 32,000 employees and over 700 locations. structure.
Hobby Lobby is ranked #94 on Forbes list of America’s Largest Private
Companies.
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
[ representative photo ]
HOBBY LOBBY | 3
aerial
50
W Main Street
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roa
WB
50 Thompson Hills
ILY
HOUSING
DA
(27,963 RESIDENTS
022
Oak Grove Lane WITHIN 5 MILES)
15,
ST. LOUIS
50 HOBBY LOBBY | 4
photos
IMMEDIATE AREA RETAILERS INCLUDE
LOWE’S, WALMART SUPERCENTER, KOHL’S
ALDI, MENARDS, AND MANY OTHERS
HOBBY LOBBY | 5
income & expense
PRICE $5,119,231
Price Per Square Foot: $93.08
Capitalization Rate: 6.50%
Total Rentable Area (SF): 55,000
Lot Size (AC): 6.00
Year Built 2016
STABILIZED INCOME Per Square Foot
Scheduled Rent $6.05 $332,750
LESS Per Square Foot
Taxes NNN $0.00
Insurance NNN $0.00
Total Operating Expenses NNN $0.00
EQUALS NET OPERATING INCOME $332,750
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or
implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
[ subject property ]
HOBBY LOBBY | 6
rent roll
TENANT INFO LEASE TERMS RENT SUMMARY
Current Monthly Yearly Monthly Yearly
Tenant Name Sq. Ft. Term
Rent Rent Rent Rent/FT Rent/FT
Hobby Lobby 55,000 02/15/16 02/28/21 $332,750 $27,729 $332,750 $0.50 $6.05
03/01/21 02/28/26 $30,021 $360,250 $0.55 $6.55
03/01/26 02/28/31 $32,313 $387,750 $0.59 $7.05
Option 1 03/01/31 02/28/36 $34,604 $415,250 $0.63 $7.55
Option 2 03/01/36 02/28/41 $36,896 $442,750 $0.67 $8.05
Option 3 03/01/41 02/28/46 $39,188 $470,250 $0.71 $8.55
Option 4 03/01/46 02/28/51 $41,479 $497,750 $0.75 $9.05
Totals: 55,000 $332,750 $27,729 $332,750 $0.50 $6.05
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
[ surrounding area retail ]
HOBBY LOBBY | 7
Leroy Vandyke Avenue
site plan y Vandy
ke Ave
nue
Lero
SIGN
NOT
PROPOSED
FUTURE
A PART
DEVELOPMENT
SITE PLAN KEY
PARCEL OUTLINE:
LAND AREA: 6.0 AC
BUILDING AREA: 55,000 SF
INGRESS/EGRESS:
PROPOSED
FUTURE
DEVELOPMENT
This site plan is a rendering that has been created based on sources we believe to be reliable, however we make no representations or warranties,
expressed or implied, as to the accuracy of the rendering. Buyer must verify the information and bears all risk for any inaccuracies.
HOBBY LOBBY | 8
hobby lobby overview
hobby lobby quick facts
Hobby Lobby Stores, Inc., headquartered in Oklahoma City, OK,
700
operates over 700 stores across 47 states, averaging 55,000
square feet each. Hobby Lobby is an industry leading retailer
offering more than 70,000 arts, crafts, hobbies, home décor,
holiday, and seasonal products. While Hobby Lobby continues to LOCATIONS ACROSS 47
grow steadily, the company carries no long-term debt. Corporate headquarters STATES
include a 9.2 million-squarefoot manufacturing, distribution, and office complex in
Oklahoma City. Hobby Lobby also maintains offices in Hong Kong and Shenzhen,
China.
Hobby Lobby is ranked #94 on Forbes list of America’s Largest Private Companies.
32,500
EMPLOYEES
WWW.HOBBYLOBBY.COM
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information.
Buyer must verify the information and bears all risk for any inaccuracies.
#94
FORBES LIST OF
AMERICA’S LARGEST
PRIVATE COMPANIES
HOBBY LOBBY | 9
[ subject property ]
HOBBY LOBBY LOCATION
location
ABOUT SEDALIA, MO
As the county seat and retail hub of Pettis County, Sedalia supports a 15,022 DAILY
greater population of 42,000. The city is located on a direct line between W. Broadway Blvd.
St. Louis and Kansas City and is easily accessible by highway, railway, and
charter air service. The nearest barge facility is also only 45 miles north on
the Missouri River. Sedalia is located at the intersection of US Highway 50
(East-West) and 65 (North-South), and is 16 miles South of US Interstate
70. Highway 50 directly connects Sedalia with Kansas City and Jefferson
City, MO, while Highway 65 connects Sedalia with Springfield, MO.
State Fair Community College serves the educational needs of a
14-county area with accessible, learning-centered programs. More than
5,000 students and 100 employers choose SFCC because of its small class
sizes, quality instructors and staff, and commitment to continuous quality
REGIONAL MAP
improvement. SFCC offers 65 certificate and degree programs ranging
from accounting to renewable energy and has maintained continuous
accreditation with the North Central Higher Learning Commission since
1976.
Pettis County is a prime location with a central transportation network.
It is a regional business center that demonstrates a proven track record
for business development based on a strong and ready workforce. The
County has tax and financial incentives with job training assistance,
business resources, a pro-business climate, and business diversity. Pettis KANSAS CITY
1 H 28 MIN
County has advanced utility and telecommunication infrastructure,
94 MILES
available buildings and fully developed industrial parks.
POPULATION 3-Mile 7-Mile 10-Mile SEDALIA
2010 15,512 31,182 37,136
2017 15,797 31,560 37,529
2021 15,900 31,650 37,607
2017 HOUSEHOLD INCOMES
3-Mile 7-Mile 10-Mile
Average $54,158 $51,758 $51,936
Median $38,447 $37,967 $38,708
HOBBY LOBBY | 10
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed
or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.[ subject property ]
Capital Pacific collaborates. Click Here to
JOHN ANDREINI RICK SANNER meet the rest of our San Francisco team.
jandreini@capitalpacific.com | (415) 274-2715 rsanner@capitalpacific.com | (415) 274-2709
CA BRE# 01440360 CA BRE# 01792433 CHRIS KOSTANECKI ZEB RIPPLE
CHRIS PETERS JOE CACCAMO
AARON SUSMAN In conjunction with MO Licensed Broker: DAVE LUCAS JACK NAVARRA
asusman@capitalpacific.com | (415) 481-0377 Adam S. Blue, Area Real Estate Advisors
CA BRE# 01961568 816-876-2511 | ablue@openarea.com ZANDY SMITH
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