Skip to main content

Department Store

Best Buy

585 24 1/2 Rd, Grand Junction, CO 81505

Listing Price: $5,043,729

Cap Rate
7.00%
Tenant Name
Best Buy
Years Remaining On Lease
5.8
Guarantor
Corporate Guarantee
Rentable SF
30,751
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.48

Investment Overview

The Deltondo Group and Marcus & Millichap are pleased to present for sale Best Buy a single-tenant property located at 585 24 1/2 Road, Grand Junction, Colorado 51505. The subject property is comprised of 30,751 square feet and was built in 1996 and remodeled in 2006. The building sits on a large 3.50 Acre lot located just off 24 1/2 Road which oversees 15,500± Vehicles Per Day. Best Buy has 6-years remaining with One, 5-year option to extend the term. Best Buy Co., Inc. is a provider of technology products, services and solutions. The Company offers products and services to the customers visiting its stores, engaging with Geek Squad agents, or using its websites or mobile applications. It has operations in the United States, Canada and Mexico. The Company operates through two segments: Domestic and International. The Domestic segment consists of the operations in all states, districts and territories of the United States, under various brand names, including Best Buy, bestbuy.com, Best Buy Mobile, Best Buy Direct, Best Buy Express, Geek Squad, Magnolia Home Theater, and Pacific Kitchen and Home. The International segment consists of all operations in Canada and Mexico under the brand names, Best Buy, bestbuy.com. ca, bestbuy.com.mx, Best Buy Express, Best Buy Mobile and Geek Squad. As of December 31, 2016, the Company operated 1,200 large-format and 400 small-format stores throughout its Domestic and International segments.

Investment Highlights

  • Modified Triple-Net Lease: 6-Years Remaining, Best Buy has committed to the First, 5-Year Extension leaving One, 5-Year Option to Extend. Landlord is Responsible for Roof Repair.
  • Out-Pad to Mesa Mall: Mesa Mall the largest Indoor Shopping Center (836,721 SF) serving Western Colorado with over 120+ Stores.
  • Corporate Guarantee: The Lease is Guaranteed by Best Buy (Best Buy Co., Inc., NYSE: BBY) which has an S&P Investment Grade Credit Rating of BBB.

Exclusively Listed By

Broker of Record

  • Adam A. Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Listing Price: $5,043,729

Cap Rate
7.00%
Tenant Name
Best Buy
Years Remaining On Lease
5.8
Guarantor
Corporate Guarantee
Rentable SF
30,751
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.48

Investment Highlights

  • Modified Triple-Net Lease: 6-Years Remaining, Best Buy has committed to the First, 5-Year Extension leaving One, 5-Year Option to Extend. Landlord is Responsible for Roof Repair.
  • Out-Pad to Mesa Mall: Mesa Mall the largest Indoor Shopping Center (836,721 SF) serving Western Colorado with over 120+ Stores.
  • Corporate Guarantee: The Lease is Guaranteed by Best Buy (Best Buy Co., Inc., NYSE: BBY) which has an S&P Investment Grade Credit Rating of BBB.

Investment Overview

The Deltondo Group and Marcus & Millichap are pleased to present for sale Best Buy a single-tenant property located at 585 24 1/2 Road, Grand Junction, Colorado 51505. The subject property is comprised of 30,751 square feet and was built in 1996 and remodeled in 2006. The building sits on a large 3.50 Acre lot located just off 24 1/2 Road which oversees 15,500± Vehicles Per Day. Best Buy has 6-years remaining with One, 5-year option to extend the term. Best Buy Co., Inc. is a provider of technology products, services and solutions. The Company offers products and services to the customers visiting its stores, engaging with Geek Squad agents, or using its websites or mobile applications. It has operations in the United States, Canada and Mexico. The Company operates through two segments: Domestic and International. The Domestic segment consists of the operations in all states, districts and territories of the United States, under various brand names, including Best Buy, bestbuy.com, Best Buy Mobile, Best Buy Direct, Best Buy Express, Geek Squad, Magnolia Home Theater, and Pacific Kitchen and Home. The International segment consists of all operations in Canada and Mexico under the brand names, Best Buy, bestbuy.com. ca, bestbuy.com.mx, Best Buy Express, Best Buy Mobile and Geek Squad. As of December 31, 2016, the Company operated 1,200 large-format and 400 small-format stores throughout its Domestic and International segments.

Exclusively Listed By

Broker of Record

  • Adam A. Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

MM Texture Background
MM Textured Background Lower