Property details
Real Estate Commercial, Southwest Region
Property Description
Real Estate Commercial
• Best Buy... A Credit Tenant - S&P rated BBB
• New 10 year lease with rental increase in year 6
• The property is 100% leased to Best Buy under a long term net lease
• Excellent commercial retail location
Prime commercial real estate located in a shopping enter anchored by Kohl's Department Store. Other national tenants include: Bed Bath and Beyond, Famous Footware, DressBarn, Old Navy, Petco, Chili's and Johnny Carino's.
Property lease dates shown are estimates. Actual dates are subject to verification.
Why invest in Real Estate Commercial properties?
Real Estate Commercial will allow and investor IRS deferment protection that other investments can’t do.
Properties related to Real Estate Commercial
» Search for all properties related to Real Estate Commercial by using our PROPERTY SEARCH, expand the Property Types, then check the boxes for "Single Tenant" and "Ground Lease".
About the Tenant
Best Buy Co., Inc. (NYSE: BBY) is a specialty retailer of name-brand consumer electronics, home office equipment, entertainment software, and appliances. Best Buy currently offers approximately 5,800 products exclusive of entertainment software titles and accessories in its four principal product categories.
Images
Highlights
- Status:
- Under contract
- Price:
- $4,075,000
- PSF:
- $204
- Cap Rate:
- 6.50%
- Annual Rent:
- $265,000
- Rent Increases:
- Inquire
Property Information
- Building Size:
- 20,000 sq.ft.
- Property Type:
- Shopping Center
- Industry Type:
- Retail
- Units/Spaces:
- 1
- Land Area:
- 3.00 acres
- Purchase Tenure:
- Fee Simple
Lease information
- Tenant:
- Best Buy
- Lease Type:
- NNN
- Lease Commencement:
- 10/31/2007
- Lease Expiration:
- 10/1/2017
- Lease Term:
- 10 years
- Years Remaining:
- 9 years
- Landlord Responsibilities:
- Inquire
- Options:
- Inquire
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.