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  Best Buy


Average Property & Lease

Average Sale Price$4,300,000
CAP Rate (12mo avg with 10+ lease term)8.29%
NOI$788,005
$/Square Foot$228.84
Building Size30,000 - 56,000 sf
Lot Size4 - 5 acres
Lease Term10 - 20 Years
EscalationsVaries
CREDIT RATING
BBB-
S&P
Baa1
Moody's
view credit rating chart
View Net Lease Property Listings at CALKAIN.COM Last Updated: September 26, 2016
Net Lease Advisor Overview

Pros

Cons

  • Strong national brand
  • Owning Best Buy can provide yield in a "yield starved environment"
  • Downsizing stores nationwide
  • Increasing competition from online retailers
  • Recent leadership changes within company makes future less certain
Tenant Description

Best Buy Co., Inc. (NYSE: BBY) is an American public company that is a specialty retailer of consumer electronics in the United States, accounting for 19 percent of the market. Headquartered in Richfield, Minnesota, it also operates in Puerto Rico, Mexico, Canada and China.

The company's subsidiaries include CinemaNow, Geek Squad, Magnolia Audio Video, Pacific Sales, and, in Canada operates under both the Best Buy and Future Shop label. Together these companies operate more than 1,400 stores, domestically and internationally with close to 170,000 employees. In addition, the company operates over 100 Best Buy Express Automated Retail stores or "ZoomShops", operated by Zoom Systems, in airports and malls around the U.S.


BEST BUY TREND
CAP Rate

2014 avg: 8.27%

2015 avg: 8.29%

RECENT SALES

Avon, OH

$3,975,000 | 6.48%

Modesto, CA

$6,000,000 | 9%

MORE INFO
www.bestbuy.com
Google Finance: BBY
Google News: BBY