Best Buy NNN Property For Sale
This investment opportunity features a Best Buy property with a long-term NNN lease, providing a stable income stream from a credit-rated tenant. The property boasts a significant building size and lot, making it an attractive asset for a diversified portfolio. The lease includes scheduled rent escalations, enhancing long-term returns. Best Buy is a well-established retailer of technology products and services, operating an extensive network of stores across North America. The company's strong market presence and diverse offerings in computing, consumer electronics, entertainment, and appliances, coupled with comprehensive service offerings, underscore its financial stability.
- Asking price $6.50M
- 7.25% cap rate
- NOI $750,000
- 20 years remaining
- NNN lease
- Building size: 35,000 SF
- Lot size: 4.00 acres
- Rent increases: 10% every 5 years
- Guarantor: Corporate
Asset type: Retail