Hobby Lobby

Hobby Lobby Stores, Inc. is a private for-profit, closely held corporation which owns a chain of American arts and crafts stores based in Oklahoma City, Oklahoma. Formerly called Hobby Lobby Creative Centers, the stores are managed by corporate employees.

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S&P Rating: N/R
Moody Rating: N/R

Typical Lease Characteristics

Lease Term: 10 – 15 Years  Years

Lease Type: Absolute NNN Lease 

Lease Increases: 10% Every 5 years 

Lease Extensions: 4-5 (5) Year Options

Lease Guarantor: Corporate


  • Typically located in strong retail corridors
  • Established brand within its niche
  • Typically Long term leases with increases


  • Competitive Industry Sector
  • Susceptible to economic trends and pressures
  • Large spaces make it more challenging to re-tenant

Market Snapshots:

On Market Ranges:

# of Properties in set: N/AV

Price: N/AV - N/AVAverage: N/AV

PPSF: N/AV - N/AVAverage: N/AV

Year Built: N/AV - N/AVAverage: N/AV

CAP Rate Range: N/AV - N/AVAverage: N/AV

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Last 12 Month Range:

# of Properties in set: 10

Price: $6,412,630 - $7,695,160Average: $7,125,146

PPSF: $115 - $138Average: $123

Year Built: 1988 - 2017Average: 2006

CAP Rate Range: 5.36% - 7.49%Average: 6.46%

Size range: 51,373 sq ft - 74,705 sq ft Average: 58,502 sq ft

Hobby Lobby Company Profile

Headquarters Information

Oklahoma City, Oklahoma

Founded in 1972

Company type: Private

Industry: Retail

# of Employees: 28,000

S&P Rating: N/R
S&P Rating: N/R
No stock information is available for this tenant.
No news available for this tenant.

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