Best Buy

Tenant Description

Founded in St. Paul, MN in 1966, Best Buy is a provider of technology products, services and solutions. It has operations in the United States, Canada and Mexico. Together with subsidiaries Geek Squad, Magnolia Audio Video, Speakeasy, AudioVisions, Pacific Sales, Jiangsu Five Star Alliance and Future Shop, Best Buy operates 1,500+ stores in the US, Canada, China and Puerto Rico.

What To Look For When Buying A Best Buy

Is This Is An E-Commerce Resistant Business Model? Can You Re-Tenant This Big Box Property?

What We Like About Best Buy

Brand Recognition

Competition

Walmart, Target, Staples

What Is Sold In A Best Buy

Electronic Products, Games, Etc.

Best Buy Website

https://www.bestbuy.com/

Corporate Office Location

7601 Penn Ave S – Richfield, MN 55423

Fast Facts

Best Buy was named as Forbes Magazine’s Company of the Year in 2004.

Best Buy ranked fifth in Forbes list of Most Charitable Companies by donating $18.5+ million in 2004.

Best Buy ranked ninth in customer service in a survey sponsored by the National Retailer Federation and American Express (November 2005).

Best Buy held the No. 1 position on the Stores ranking of the Top 100 Speciality Retailers (August 2005).

From 1966 to 1983, the company was known as Sound of Music.

Stock Price
Tenant News
Average Cap Rate Trend
7.0%
2019
7.25%
2020
12 mo avg with 10+ yr lease term (*Please Note Data Points Are Not Exact Figures*)
Average Sale Data & Lease Structure
Avg. Sale Price$8,000,000
Avg. Annual Rental Income$600,000
Avg. Price/ SF$170/SF
Typical Lease TypeDouble Net
Typical Lease Term10 Years
Typical Lease EscalationsNone
Credit Rating
S & P BBB
Moody'sBaa1 Stable

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *