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HOBBY LOBBY

5625 SE 15th St, Midwest City, OK, 73110
For Sale

Property Highlights

  • • Shopping Center gets 5.2 million visits per year and growing
    Hobby Lobby is considered investment grade
    Across from 1# Walmart Supercenter in Oklahoma & Home Depot
    Shadow anchored by Academy, Burlington, and Regal Warren Cinemas
    Hobby Lobby build to suit with low rent of $9.25 psf
    Located 10 miles for Hobby Lobby’s Headquarters

Property Details

  • Price: $8,150,000
  • Transaction Type: For Sale
  • Cap Rate: 6.25%

Property Description

For sale is the Sooner Rose Shopping Center, where Hobby Lobby and Dollar Tree represent 48% of rental income. The property is shadow-anchored by Burlington, Academy Sports + Outdoors, and Regal Cinemas, with the #1 performing Walmart Supercenter in Oklahoma and Home Depot directly across SE 15th Street. Additional corporate tenants representing 34% of the property’s income include Dine Brands’ Fuzzy’s Taco Shop (12%), Rally House with 300 locations (10%), and Louie’s Grill & Bar—part of the 85-unit Hal Smith Restaurants group (9%). The center is near to Rose State College with 9,500 students and faculty.

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Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income$0.00$0.00
Less Debt Service$0$0
Potential Net Cash Flow$0.00$0.00
Cash on Cash Return0.00 %0.00 %
Capitalization Rate0.00 %0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

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$ 0.00

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