Hobby Lobby - Plano, TX

Located in the heart of Plano, Texas—a thriving suburb within the dynamic Dallas-Fort Worth Metroplex—this premier retail property offers a rare opportunity to acquire a net-leased investment backed by Hobby Lobby Stores, Inc., one of the largest privately held companies in the U.S. The ±54,370-square-foot building sits on ±4.25 acres along the high-traffic Dallas North Tollway, which sees over 125,000 vehicles daily, ensuring exceptional visibility and accessibility. Built in 2016, the property features a long-term lease with approximately 6.25 years remaining, annual rent of $685,062, and scheduled rent increases every five years. Hobby Lobby, with over 1,000 locations nationwide and annual revenues approaching $8 billion, provides a corporate-guaranteed lease, reinforcing the asset’s stability. The surrounding area is a dense retail corridor anchored by national brands like Costco, Home Depot, and Chick-Fil-A, and benefits from Plano’s affluent demographics, strong economic growth, and proximity to 22 Fortune 500 headquarters. With Texas’s favorable tax climate and Plano’s reputation as a business-friendly hub, this property represents a compelling investment in one of the nation’s top-performing markets.