Tenant: Best Buy Premises: 45,915 SF Renewal Options: 3 x 5 Yr & 1 x 4 Yr
Lease Expiration: 1/31/20 Lease Type: NN Rental Increases: Fixed at Options
100% Occupied Single Tenant NN Lease
Three (5) Year Renewal Options and One (4) Year Renewal Option
Immediate Proximity to Lowe’s Home Improvement and Costco Wholesale
Outstanding Location with Immediate Access Off US Highway 30
Population 150,000+ Within a Five Mile Radius
Dense Retail Corridor with Strong Traffic Counts – Nearly 75,000 VPD Along US Highway 30
Walking Distance of 1,000+ Multifamily Units
Over 500,000 SF of Office Space Within One Mile – Average Occupancy of 96.6%
Select Nearby Tenants Include: Mattress Warehouse, FedEx and McDonald’s
In Cooperation with JDS Real Estate Services, Inc., Lic # RB068057
Best Buy is a leading provider of technology products, services and solutions. The company offers expert service at an unbeatable price more than 1.5 billion times a year to the consumers, small business owners and educators who visit our stores, engage with Geek Squad Agents or use BestBuy.com or the Best Buy app. The company has operations in the U.S. where more than 70 percent of the population lives within 15 minutes of a Best Buy store, as well as in Canada and Mexico, where Best Buy has a physical and online presence.
The company was founded by Richard Schulze in 1966 and called Sound of Music before the name changed to Best Buy in 1983. Best Buy generates nearly $40 billion annually. Nationwide, Best Buy has more than 1,500 stores in North America, including large-format and Best Buy Mobile stores, and employs more than 125,000 people. Through its recycling program, Best Buy collects 409 pounds of electronics each minute the stores are open.