Net Leased Hobby Lobby
For Sale
Contact for pricing
Pending
12950 Cortez Boulevard, Brooksville, FL 34613
Single-tenant Hobby Lobby property is net leased with corporate guarantee and roof/structure landlord responsibilities.
Property SizeContact for details
Days on Market49
Property Features for 12950 Cortez Boulevard
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
Patrick R. Luther, CCIM · License #01912215
(480) 221-4221
Source:
Crexi
Added: Jul 21
Changed: Aug 22
Last Checked: Sep 7 at 2:58AM
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
682
Businesses Nearby
677k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 32%
Dining 30%
Apparel 22%
Beauty & Spa 5%
Wawa
Shops & Services
54,022 visits/mo
0.1 miles
Ross Dress for Less
Apparel
41,976 visits/mo
0.3 miles
Five Below
Shops & Services
41,891 visits/mo
0.0 miles
Hobby Lobby
Shops & Services
41,276 visits/mo
0.1 miles
Dollar Tree
Shops & Services
33,883 visits/mo
0.4 miles
Demographics for 34613, FL
18,869
Population
10,532
Households
1.8
Avg Household Size
61
Median Age
21%
College-Educated
92%
High-School Grad
37.2 sq mi
ZIP Area
507
Density / Sq Mi
$56,175
Median Household Income
$36,815
Median Earnings
$1,108
Median Rent
$181,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Sam's Club Floral — 13360 Cortez Blvd, Brooksville, FL 34613
Frequently Asked Questions
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.
