Net Leased Hobby Lobby
12950 Cortez Boulevard Brooksville, FL 34613
New
12950 Cortez Boulevard, Brooksville, FL, 34613
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For Sale
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Pending
Single-tenant Hobby Lobby property is net leased with corporate guarantee and roof/structure landlord responsibilities.
Days on Market2
Property Features for 12950 Cortez Boulevard
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing agency
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed by
Matthew Mousavi · License #CA 01732226
Source
Crexi
Added: Jul 21 Updated: Jul 22 at 2:54PM Checked: Jul 21 at 4:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This offering provides fee simple ownership of a single-tenant Hobby Lobby store net leased to Hobby Lobby. The lease is corporate guaranteed and includes minimal landlord responsibilities limited to roof and structure. Rental increases are scheduled every five years during the initial term and at the beginning of each option period.
The property is located along Cortez Blvd / State Hwy 50 within Cortez Commons, a major regional shopping center anchored by Dick’s Sporting Goods. The retail corridor includes several additional national tenants such as Walmart Supercenter, CVS, Office Depot, Wawa, Walgreens, Starbucks, and others.
The lease structure features a primary term with over 13 years remaining and three additional five-year option periods, supporting long-term tenancy under the existing agreement.
The property is located along Cortez Blvd / State Hwy 50 within Cortez Commons, a major regional shopping center anchored by Dick’s Sporting Goods. The retail corridor includes several additional national tenants such as Walmart Supercenter, CVS, Office Depot, Wawa, Walgreens, Starbucks, and others.
The lease structure features a primary term with over 13 years remaining and three additional five-year option periods, supporting long-term tenancy under the existing agreement.
Key Highlights
- Single‑tenant Hobby Lobby net‑lease property with corporate guarantee and minimal landlord responsibilities (roof & structure).
- Tenant has 13+ years remaining in the primary term plus three 5‑year option periods.
- Lease includes rental increases every 5 years in the initial term and at the start of each option term.
Property Analytics
Location Intelligence
Current Use by Public Records
Hobby Lobby
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Sam's Club Floral — 13360 Cortez Blvd, Brooksville, FL 34613
FAQs
What type of property is this?
Storefront property - Single-tenant Hobby Lobby property is net leased with corporate guarantee and roof/structure landlord responsibilities.
Where is this storefront property located?
The property is located at 12950 Cortez Boulevard Brooksville, FL.
What are key features of this property?
This property features: Single‑tenant Hobby Lobby net‑lease property with corporate guarantee and minimal landlord responsibilities (roof & structure).; Tenant has 13+ years remaining in the primary term plus three 5‑year option periods.; Lease includes rental increases every 5 years in the initial term and at the start of each option term.
