Electronics
Best Buy - Early Renewal with Rent Increase | Highway Location
9845 Colerain Ave, Cincinnati, OH 45251
Listing Price: $8,069,000
Cap Rate
7.25%
Tenant Name
Best Buy
Years Remaining On Lease
5.5
Gross SF
30,000
Guarantor
No Guarantee
Rentable SF
30,000
Price/Gross SF
$268.97
Lease Type
Double Net
Rent Per Square Feet
$19.50
Investment Overview
Marcus & Millichap is pleased to present for sale, Best Buy located in Cincinnati, Ohio. Best Buy is freestanding and current has a double-net lease with six years remaining. Best Buy is being offered for $8,069,000.
Best Buy - Early Renewal with Rent Increase | Highway Location
Investment Highlights
- Freestanding Best Buy Double-Net Lease with Six Years Remaining in Cincinnati, Ohio
- Best Buy Just Exercised 2nd Option Thru March 2029 Demonstrating Strong Commitment to the Site and Store Format
- Option Exercised As-Is with $1.50 per Square Foot (8.3 Percent) Rent Increase; No Landlord Inducement or Concessions
- In-Place Since 2008 – Original Tenant
- "Right-Sized" Store – 30,000-Square-Foot Gross Leasable Area versus Old 45,000-Square-Foot Prototypical Footprint
- Minimal Landlord Cost Responsibility: Roof/Structure Only, with Original Carlisle PVC Roof Membrane Warranty Still In-Place
- Attractive All-Brick Façade with Enhanced Architectural Design and Appeal; Modern 2008 Construction
- Just 0.3 Mile from I-275 Exit Ramps with 78,000 Vehicles per Day
Electronics
Best Buy - Early Renewal with Rent Increase | Highway Location
Listing Price: $8,069,000
Cap Rate
7.25%
Tenant Name
Best Buy
Years Remaining On Lease
5.5
Gross SF
30,000
Guarantor
No Guarantee
Rentable SF
30,000
Price/Gross SF
$268.97
Lease Type
Double Net
Rent Per Square Feet
$19.50
Investment Highlights
- Freestanding Best Buy Double-Net Lease with Six Years Remaining in Cincinnati, Ohio
- Best Buy Just Exercised 2nd Option Thru March 2029 Demonstrating Strong Commitment to the Site and Store Format
- Option Exercised As-Is with $1.50 per Square Foot (8.3 Percent) Rent Increase; No Landlord Inducement or Concessions
- In-Place Since 2008 – Original Tenant
- "Right-Sized" Store – 30,000-Square-Foot Gross Leasable Area versus Old 45,000-Square-Foot Prototypical Footprint
- Minimal Landlord Cost Responsibility: Roof/Structure Only, with Original Carlisle PVC Roof Membrane Warranty Still In-Place
- Attractive All-Brick Façade with Enhanced Architectural Design and Appeal; Modern 2008 Construction
- Just 0.3 Mile from I-275 Exit Ramps with 78,000 Vehicles per Day
Investment Overview
Marcus & Millichap is pleased to present for sale, Best Buy located in Cincinnati, Ohio. Best Buy is freestanding and current has a double-net lease with six years remaining. Best Buy is being offered for $8,069,000.
