Hobby Lobby

1960 W Ridge Rd, Rochester, NY
Deal Type:
Net Lease
Cap Rate:
Current Rent:
Lease Type:
Triple Net
Lease Term:
12 years
Landlord Responsibilities:
Capital Improvements and Replacements
Renewal Options:
3, Five Year Options
Building Sq. Ft.:
55,129 SF
Rent Increases:
3% in Year 7; 3% In Each Renewal Term
Site Size:
Approx 5.12 Acres

Investment Highlights

  • COMMITMENT: Brand new construction 12-year NNN lease that will commence on April 28, 2023.
  • LOCATION: One Block away from 104/390 Interchange with over 100,000 vehicles per day.
  • CREDIT: 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 doesn’t carry any long term debt.
  • DEMOGRAPHICS: Property is located in an affluent trade area with an average household income of nearly $80,000 and a population of over 225,000.
  • SURROUNDING RETAIL: Situated in a dense retail corridor including: Home Depot, Wegmans, Chick Fil A, and The Mall at Greece Ridge, 1.9 Million SF of retail.

Listing Agents

phil digennaro stream capital partners

Phil DiGennaro

Managing Director
203 610 1541
[email protected]

Adam English

Managing Director
256 694 9803
[email protected]

Adam Baxter

Vice President
205 394 3520
[email protected]

Jaymes Keenan, CBRE | Lic: 10401234545

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