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- LoopNet Team
1700 N Main St
Altus, OK 73521
Bunker Hill Shopping Center · Retail Property For Sale
Investment Highlights
- Tenant/Guarantor on Forbes' List with $5 Billion Revenues
- Great Retail Location
- Newly Renovated Building that Includes New Roof
- 10-Year Primary Term with Increases
- Excellent Access and Visibility
- **SELLER WILL DO A 7% CAP RATE ON THIS ASSET**
PROPERTY FACTS
Amenities
- Pylon Sign
- Signage
About 1700 N Main St , Altus, OK 73521
Hobby Lobby is a chain of retail arts and crafts stores based in Oklahoma City, Oklahoma. Hobby Lobby started as an extension of Greco Products, a miniature picture frame company founded in a garage by David Green in 1970. The company officially began operations on August 3, 1972 with a mere 300 square feet of retail space and has been growing ever since. Today, Hobby Lobby is considered a leader in the arts and crafts industry which also boasts sister companies: Mardel, a seller of Christian and educational products; and Hemispheres, a supplier of home furnishings and other merchandise to Hobby Lobby stores. The company has more than 850 stores in 47 states that average 55,000 square feet per store with more than 70,000 arts, crafts, hobbies, home decor, Holiday, and seasonal products. Hobby Lobby is ranked #91 on Fortune’s annual list of America’s largest private companies. While Hobby Lobby continues to grow steadily, the company generates sufficient cash flows to not only grow its store base but also to pay down debt.
PROPERTY TAXES
| Parcel Number | 0022-08-002-020-0-006-00 | Improvements Assessment | $197,134 |
| Land Assessment | $94,915 | Total Assessment | $292,049 |
PROPERTY TAXES
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