Overview

Description

The Twist Capital Team of Colliers is pleased to offer for sale to qualified investors the opportunity to acquire this Hobby Lobby asset located in Albany, Oregon.

The property is situated within the Heritage Mall with other anchors that include Ross, Old Navy, Famous Footwear, and Target. It represents an attractive investment opportunity within a growing
market, offering strategic advantages for potential buyers looking to capitalize on the region’s economic development.

This Hobby Lobby asset boasts a prime location with high visibility and accessibility, making it an ideal storefront for retail operations. Albany is experiencing economic growth, driven by a stable local economy and increasing population. The favorable business environment, coupled with ongoing infrastructure developments, positions this asset as an attractive location for retail investments.

Highlights

• Hobby Lobby is #64 on Forbes list of America's largest private companies
• Surrounded by major retailers including Costco, Kohl's and Target
• 22,000 vehicles pass Heritage Mall each day
• 5-mile average household income of $93,753
• Easy access to Interstate 5
• Rent increases with every renewal option

Documents

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