Commercial Real Estate Georgia

Having trouble reading this email? View it in your browser here

JUST LISTED: Single Tenant Hobby Lobby
New 10-Year Lease Extension | "A" Real Estate

Investment Highlights

  • Price: $7,480,000
  • 6.25% cap 
  • Single Tenant NNN (R&S) 
  • Established 10 Year Occupancy
  • New 10 year lease extension 
  • High sales volume store
  • Corporate guaranteed lease
Location Highlights

  • Target anchored center
  • #1 retail corridor in county
  • 35% Population Growth
  • Adjacent to Robins Air Base
  • Significant new development
  • Across from Houston Country Galleria - 92% occupancy
Opportunity: Pegasus Investments is pleased to offer a single tenant corporate guaranteed Hobby Lobby store located along the #1 retail corridor in Warner Robins, Georgia (the “Property”). After 10 years of strong historical occupancy, Hobby Lobby entered into a new 10 year lease extension commencing in March 2017 and expiring in March 2027. It is important to note that not only did the Landlord not provide any rent concession to the tenant in order to achieve a 10 year extension, but the tenants rent increased upon entering into the extension. The Landlord did agree to hold the new increased rent flat for the next 10 years as well as perform some minor capital upgrades to the property. In contrast to other newly constructed Hobby Lobby stores which do not have any sales history, the subject property provides an investor with the peace of mind that this is a highly successful, established operation. 

Location: Prominently situated along Watson Blvd. in the heart of the retail trade area across from the 500k SF Houston County Galleria, the property co-anchors the Willow Creek Shopping Center alongside Target, Office Depot, JoAnn, and Academy Sports (which recently back-filled a Kroger that moved across the street into a brand new Marketplace flagship concept). 
David B. Chasin
Managing Director
(310) 691-1350 x101
BRE Lic 01513027
Daylin Ackerman
(310) 691-1350 x114
BRE Lic 02011508
Tony Veiller
Sr. Analyst
(310) 691-1350 x113
BRE Lic 01995952
Ken Chasin
(310) 691-1350 x100
BRE Lic 01995952
Pegasus Investments Real Estate Advisory Inc. | BRE License Number 01961545
Not what you're looking for? Change your Preferences
This email was delivered to <%CustEmail%> by, a commercial real estate marketing website. makes no warranty or representation, expressed or implied, as to the accuracy of the information contained herein. | 3000 Gulf to Bay Blvd. | Clearwater | FL | 33759 | US
For more information about our services visit or contact us at
To unsubscribe or change preference Click Here