Hobby Lobby NNN opening 70 new stores nationwide

Hobby Lobby will be opening 70 new stores this year according to the Oklahoma City retailer during its Wednesday’s corporate announcement.

The company expansion plans includes a arts and crafts store in Oregon and Vermont which would increase the amount of Hobby Lobby’s to 626 locations across the country.

hobby-lobbyHobby Lobby is owned by its founders, David and Barbara Green. Hobby Lobby NNN is a great investment for investors seeking a stable, high return company. Great for 1031 exchange investors

Hobby Lobby NNN Stores, Inc., located in Oklahoma City, OK, started as an extension of Greco Products, a miniature picture frames company founded in a garage by David Green in 1970. Hobby Lobby officially began operation on August 3, 1972 with a mere 300 square feet of retail space, and has been growing ever since.

1970 store Today, Hobby Lobby is considered a leader in the arts and crafts industry. We have 588 stores across the nation that average 55,000 square feet and offer more than 67,000 crafting and home decor products. Hobby Lobby is listed as a major private corporation in Forbes and Fortunes list of America’s largest private companies, and our company carries no long-term debt.

 

About the Author

Dwaine L. Clarke is the Founder and President of GCT Net Lease. GCT Net Lease is an investment real estate services firm exclusively focusing on Single and Mult-Tenant Net Lease Properties. The firm provides a full range of brokerage and advisory services nationwide to High Net worth Investors, Developers, REITs and Institutional Investment Funds. GCT Net Lease is headquartered in Windsor Connecticut. Dwaine is also a nationally recognized speaker and consultant. He is also the author of three best selling commercial real estate investing books. Mr. Clarke’s experience branches through close to over a decade of working with and for some of the nation’s top investors to purchase, underwrite, develop and manage millions of dollars in commercial investment real estate. For his case, he has not only assisted these investors, but also became a student of theirs. Through careful analysis he started to understand what these investment experts were doing, using top strategies to buy, manage and sell their investment properties for maximum profit. He especially took note of how these investors were leveraging their time and how they made their decisions without interfering with their personal or business lives. Mr. Clarke is also active in investing and creating real estate partnerships, providing a vehicle for high net-worth individuals to own income producing real estate.

Leave a Reply




If you want a picture to show with your comment, go get a Gravatar.