Hobby Lobby

1777 Boston Post Road, Milford, CT
Deal Type:
Net Lease
Price:
$3,247,360
Cap Rate:
7.50%
Current Rent:
$243,552
Landlord Responsibilities:
Roof, Structure, Foundation, Gutters, Utility Lines, Insurance
Lease Expiration Date:
Approx. 9+ years
Renewal Options:
1 x 5 Years
Building Sq. Ft.:
43,148 SF
Rent Increases:
See OM
Site Size:
4.72 Acres

Investment Highlights

  • Opportunity to Control Ground for 39 Years: Additional Upside with Opportunity to Control Ground until 2063 in an Iconic, High Barrier to Entry, & High Demand Market
  • Well Positioned: Situated along the Historic & Dominant Retail Corridor Boston Post Road (US 1), Site Experiences Over 21,000 VPD
  • Ideal Demographics: Average Household Incomes of $114,000 within a (1) mile radius of site
  • Corporate Guarantee: Hobby Lobby is one of America’s largest companies by Forbes and is a national leader in arts and crafts with more than 980+ stores across the country. Hobby Lobby does not carry any long term debt.
  • Premier Market Positioning: 1.6 Miles from Connecticut Post Mall – the largest mall in the state of Connecticut which is adjacent to Milford Crossing: a 376,000+ SF shopping center
  • Dense Retail Corridor: Located nearby to other national retailers, including: Costco, Whole Foods, Panera Bread, Chase, Bank of America, Verizon, Chili’s, McDonald’s, Trader Joe’s, Jersey Mike’s, Home Depot, Olive Garden, Planet Fitness, Walmart, HomeGoods, Marshalls, Petco, Men’s Warehouse, Chipotle, and many more

Listing Agents

phil digennaro stream capital partners

Phil DiGennaro

Managing Director
203 610 1541
[email protected]

Taylor Trepinski

Vice President
786 684 1975
[email protected]

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