Grant Wilkins - Commercial Real Estate Showcase

Grant Wilkins Property Listings
Associate, Healthcare Net Lease Group
Stan Johnson Company
6120 S Yale Ave
Suite 300
Tulsa, OK 74136


DetailMap
751 Hillside Drive - Hobby Lobby

Broken Arrow, OK 74012 - Southeast Tulsa Ret Submarket


Property Type:Retail Sub Type:Freestanding Status:Under Construction, delivers March 2017 Year Built:2017
Building Size:22,000 SF Land Area:4.88 AC (212,516 SF)
For Sale Price:For Sale Price/SF:-
Cap Rate:6.00 %



Sale Notes:
Stan Johnson Company is pleased to present to qualified investors the opportunity to acquire 100% fee simple interest in the Hobby Lobby located in Broken Arrow (Tulsa), Oklahoma.
Hobby Lobby is operating under a brand new 15-year lease, which features four, 5-year renewal options and rental increases every five years. The NNN lease structure requires the Tenant to pay for taxes, insurance and parking while the Landlord is responsible for the roof and structure.
This attractive, high-quality new construction building is situated among a strong mix of tenants within the popular retail center, Hillside Crossing. Hobby Lobby benefits from a population of over 137,000 and average household income of over $76k within 5 miles. Hobby Lobby is located less than 2 miles from Broken Arrow High School (2,350 students), the largest high school in Oklahoma.
With over 700 locations and 28,000 employees across the U.S., Hobby Lobby is the nation' s largest privately owned arts and crafts retailer. As of December 2015, Hobby Lobby' s annual revenue was estimated to be $4.4 Billion and the company is consistently included in Forbes' annual list of America' s largest private companies.

Stan Johnson Company
Ryan Butler
(918) 494-2690

Brad Moulder
(918) 494-2690

Anne M Perrault
(918) 494-2690

Grant Wilkins
(918) 494-2690




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