1411 S Bradley Rd
Santa Maria, CA 93454

Premier Tenant: Based in Oklahoma City, Oklahoma, Hobby Lobby Stores, Inc. is the largest privately-owned arts-and-crafts retailer in the world with more than 850 stores operating in 46 states. The company provides broad mix of products, including arts and crafts supplies, fashion fabrics, baskets, silk flowers, needlework, wearable art, picture framing, cards, party supplies and furniture. Its product portfolio covers more than 70,000 items under the store channel. Net Lease: Hobby Lobby’s net lease is expected to commence on February 15, 2020 and will feature ±10 years of primary term with three 5-year renewal options. Below Replacement Cost: This offering is an excellent opportunity to acquire a highly-desirable retail box at a price that is significantly below the replacement cost. Excellent Access & Visibility: The site has excellent access and visibility along South Bradley Road (Traffic Count: 12,700 VPD) and is within feet from the on-ramp to US-101 (Traffic Count: 53,400 VPD). Strategic Location: Hobby Lobby is strategically positioned adjacent to Office Depot, McDonald’s, Applebee’s, Great American Self Storage, and Carl’s Jr. The property is just north of the Enos Ranchos project—a mixed-use project that includes commercial, retail, and residential development on 100+ acres of farmland. So far, the project has resulted in a new Costco with Costco Gas Station, Lowe’s Home Improvement, Dick’s Sporting Goods, Buffalo Wild Wings, Cracker Barrel, The Habit Burger Grill, ULTA, Kirkland’s, Carter’s, Petco, and Chick-fil-A, to name a few.