Hobby Lobby 1401 S 12th Ave Local commercial 4 617 m² À vendre Virginia, MN 55792 2 457 615 € (532,35 €/m²) Taux de capitalisation 6,75 %

Horvath & Tremblay is pleased to present the exclusive sale of a corporate leased Hobby Lobby investment property located at 1401 S 12th Avenue W in Virginia, Minnesota (the “Property”). Hobby Lobby has been at the Property since 2020 and executed a new 10-year Triple Net (NNN) Lease in February 2025, demonstrating their commitment to the site and the market. Hobby Lobby has 9+ years remaining on their lease with three (3), 5-year renewal options. The lease features attractive $0.50 per square foot rent increases every five years throughout the primary term and at the start of each renewal option. Hobby Lobby is situated within Uptown Virginia, an indoor shopping mall which has over 350,000 SF of retail space and is undergoing significant redevelopment to modernize and meet the needs of the surrounding communities. In addition to Hobby Lobby, Uptown Virginia is anchored by Aldi, Harbor Freight, Tractor Supply Co, and Dunham Sports, and offers an extensive array of retail and dining opportunities. The well-maintained property is positioned along US Highway 53, the area’s primary commercial and commuter corridor. The Property is also accessible from S 12th Avenue and 13th Street S and enjoys outstanding frontage and visibility from all three roadways. Hobby Lobby is just seconds from Target and Menards, and is convenient to Iron Trail Motors Event Center, all of which drive traffic to the area.