Hobby Lobby | Apple Valley, CA
New 15-Year Lease | 2026 Construction | Affluent Demos; $107,000 AHHI
Marketing description
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Investment highlights
Hobby Lobby:
Leading arts and crafts retailer and one of the largest privately-owned retailers in the U.S. with over 1,019 locations
New 15-year initial lease term
$1.00/SF/Yr increases every 5 years
#1 “Largest Privately Owned Arts & Crafts Retailer” Hobby Lobby (2025)
#2 “America’s Best Retailer: Home Goods” Newsweek (2024)
#70 “America’s Largest Private Companies” Forbes (2025)
Dominant Surrounding Placer Rankings:
The Home Depot – Top 15% in chain nationwide
Stater Bros Markets – Top 8% in grocery category nationwide
WinCo Foods – Top 1% in grocery category nationwide
Lowe’s Home Improvement – Top 6% in home improvement category nationwide
Burlington – Top 14% in chain nationwide
Extremely High-Traffic Location off the Signalized Intersection of Bear Valley Road and Apple Valley Road (75,000 CPD)
Dense Retail Corridor Surrounded by Major National Retailers:
The property benefits from a built-in consumer base driven by other major national retailers including Target, The Home Depot, Lowe’s Home Improvement, Stater Bros Markets, WinCo Foods, Burlington, CineMark, 24 Hour Fitness, PetSmart, Ulta, McDonald’s, Chipotle, El Pollo Loco, Buffalo Wild Wings, Bank of America, etc.
Jess Ranch Marketplace draws 6.8 million annual visitors per Placer.ai
Located adjacent to new Sprouts Farmers-Market anchored center featuring retail shops, Mister Car Wash, and Raising Cane’s
Affluent and Growing Demographics + New Housing Developments:
An average household income of $107,000 within a 3-mile radius
Apple Valley grew over 17% between 2010-2020
Rapidly expanding economy with over 27,000 units either planned or under construction
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