Listed by Stream Capital Partners
$5,642,700
Best Buy
Details
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 51,500
Cap Rate 7.25%
NOI $409,906
Occupancy 100%
Tenancy Single
Brand/Tenant Best Buy
Lease Type Absolute NNN
Lease Term 33
Lease Expiration 04/30/2030
Remaining Term 3.9
Lease Options 2, 5-year options
Year Built 1998
Acreage 4.780
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 04/30/1997
Retail | 7.25% CAP | 51,500 SF
Marketing description
Established location with 5+ remaining on the absolute NNN land and building lease.
Average household incomes within a 1-mile radius in excess of $200,000.
Property located in the Fabyan Crossing shopping center at a signalized intersection with excellent visibility & signage along Randall Road, one of the most well traveled roads in the Northwest Suburbs with almost 50,000 vehicles passing through the retail corridor a day.
Best Buy has been located at this center for 20+ years and recently exercised a lease extension showing their commitment to this location.
Strategically located in a dense retail corridor, nearby National retailers include: Walmart Supercenter, Aldi, Chipotle, Lowe’s, Chick-fil-A, At Home, Panera Bread, and Petco.
Listing Contacts
Listed by Stream Capital Partners
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$409,906.00
$34,158.83/mo
Valuation Metrics
0
DSCR
7.26%
Cap Rate
7.26%
ROI
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