Hobby Lobby

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  • Acquired a 3.5 Acre land with 99-Year Land Lease from Macy’s with an option to purchase at anytime at a pre-negotiated price in 2013.
  • Opportunity to purchase land for $3.73MM (appraised for $5MM in 2015) and build store for $6.27MM
  • Leased the property to Hobby Lobby on a long term NNN lease.
  • Property located on the NE corner of NE 103rd St. (W 49th St), and 19th Ave. in Hialeah, FL.