Guitar Center

Tenant Description

Guitar Center is the world’s largest retailer of guitars, amplifiers, drums, keyboards, recording, live sound, DJ, and lighting equipment with over 250 stores across the U.S.  It offers a fun in-store experience where you can play all the instruments and communicate with knowledgable staff members. Guitar Center is all about enabling musicians and non- musicians to experience the joy that comes from making music

What To Look For When Buying A Guitar Center

Is this an e-commerce hesitant business? Can you Re-Tenant This Big Footprint if they leave?

What We Like About Guitar Center

Corporate Guarantee. E-Commerce Resistant (Rentals, Music Lessons)

What Is Sold In A Guitar Center

Musical Instruments & Lessons, Recording Equipment

Guitar Center Website

https://www.guitarcenter.com/

Corporate Office Location

5795 Lindero Canyon Rd –  Westlake Village, CA 91362

Fast Facts

The Music & Arts division operates more than 120 stores specializing in band & orchestral instruments for sale and rental, serving teachers, band directors, college professors, and students since 1952.

Guitar Center oversees various subsidiaries including Music & Arts, GuitarCenter.com, LMI, Musician.com, Private Reserve Guitars, Woodwind and Brass wind, and Music 123, and used to own Harmony Central until its April 2015 sale to Gibson.

Guitar Center – Tenant News
Guitar Center - Tenant News
Average Cap Rate Trend
6.25%
2019
6.50%
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$2,250,000
Avg. Annual Rental Income$140,000
Avg. Price/SF$225/SF
Typical Lease TypeDouble Net
Typical Lease Term10 Years
Typical Lease EscalationsNone
Credit Rating
S & PN/A
Moody'sN/A

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