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Electronics

Best Buy Portfolio | 4-Pack | Thriving Retail-Centric Locations | Northeast & Midwest

642 Baltimore Pike, Springfield, PA 19064

Listing Price: $28,068,620

Cap Rate
7.25%
Tenant Name
Best Buy
Years Remaining On Lease
3.7
Guarantor
Corporate Guarantee
Rentable SF
178,335
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.41

Investment Overview

Marcus & Millichap presents a rare opportunity to purchase four freestanding Best Buy boxes throughout the Northeast & Midwest with over 1,100+ locations and $51.8 Billion in revenue, this portfolio offers a credit tenant with strong underlying real estate & healthy rents providing long-term security and upside.

Investment Highlights

  • Thriving Retail-Centric Locations
  • Moody's Upgrade CFR to A3
  • U.S. Largest Consumer Electronics Retailer
  • Investment Grade Tenancy

Broker of Record

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s) PA: RMR006104

    Pennsylvania

Financing By

Electronics

Best Buy Portfolio | 4-Pack | Thriving Retail-Centric Locations | Northeast & Midwest

Listing Price: $28,068,620

Cap Rate
7.25%
Tenant Name
Best Buy
Years Remaining On Lease
3.7
Guarantor
Corporate Guarantee
Rentable SF
178,335
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.41

Investment Highlights

  • Thriving Retail-Centric Locations
  • Moody's Upgrade CFR to A3
  • U.S. Largest Consumer Electronics Retailer
  • Investment Grade Tenancy

Investment Overview

Marcus & Millichap presents a rare opportunity to purchase four freestanding Best Buy boxes throughout the Northeast & Midwest with over 1,100+ locations and $51.8 Billion in revenue, this portfolio offers a credit tenant with strong underlying real estate & healthy rents providing long-term security and upside.

Broker of Record

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s): PA: RMR006104

    Pennsylvania

Financing By

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