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Net Lease Tenant Profile: Hobby Lobby

Hobby Lobby is an industry leader in the arts and crafts business, and is a highly sought after brand.

By Jonathan Hipp | Updated on July 03, 2014

Hobby Lobby is an industry leader in the arts and crafts business, and is a highly sought after brand. While they are not currently rated they are universally regarded as strong company and a great tenant. Lease agreements can vary between 5 and 15 years in length, however a 10-year NNN term seems to be most common Hobby Lobby lease structure. Hobby Lobby is a strong credit tenant. The company has excellent corporate financial fundamentals and is consistently listed on Forbes list of America’s Largest Private Companies. Generally, Hobby Lobby stores are located in a prime location in a dense and dynamic retail corridor.

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