February 12, 2014

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 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 Clarke

Dwaine is the Founder and President of NNN Deal Finder an investment real estate services firm exclusively focusing on Single and Multi-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. Contact Dwaine to discuss securing your next investment.

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