1995 W 49th St
Hialeah, FL 33012

Marcus & Millichap is pleased to exclusively market this rare NNN leased Hobby Lobby single tenant retail investment property located on West 49th Street and the Palmetto Expressway (SR 826) in the heart of Hialeah, FL. This 43,928 square-foot trophy new construction retail building has a new 15-year corporate backed lease guaranteed by Hobby Lobby Stores, Inc., a national arts and crafts retailer with over 700 locations. Hobby Lobby is an internationally recognized brand with a very strong corporate structure and over $3.6 billion in gross sales worldwide. The NNN lease structure offers an investor passive corporate guaranteed income with minimal landlord responsibilities. The building was constructed in 2016 and sits on 3.44 Acres of land in one of the most sought after retail locations in all of Miami-Dade County and the State of Florida. The Hobby Lobby building is an out-parcel to Macy' s Department store, located at the Westland Mall, one of the busiest and most heavily shopped destinations on the West 49th Street retail corridor. The Hobby Lobby property also benefits from the 196 parking spaces on-site along with several hundred additional parking spaces that are adjacent to the subject property servicing Macy' s and the Westland Mall.