Historical Retail Sale Listing - Best Buy

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Best Buy

1730 South Colorado Boulevard, Denver, CO 80222

N/A

45,000 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
45,000 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with
9 years left on lease
Cap Rate:
7.50%
Tenancy:
Single
Year Built:
1991
Lot Size:
3.52 AC
Listing ID
17177513
Last Updated
over 1 year ago

Highlights

  • Corporate Guaranty with Best Buy Co., Inc.
  • 10 Years remaining on NNN Lease
  • Rent Increases 3.0% every 5 Years
  • Excellent, high traffic location at I-25 and Colorado Blvd
  • S&P: BBB-, Moody' s: Baa2
  • 60,000 AADT along S. Colorado Blvd.

Description

With more than $50 billion in annual revenue, 180,000 employees, and operations in the United States, Canada, Europe, China and Mexico, Best Buy is the #1 multinational retailer of technology and entertainment products and services. The Best Buy family of brands and partnerships collectively includes brands Best Buy, Audiovisions, Best Buy Mobile, The Carphone Warehouse, Five Star, Future Shop, Geek Squad, Magnolia Audio Video, Napster, Pacific Sales, and The Phone House. Best Buy holds investment grade credit ratings with a stable outlook from the rating agencies: S&P: BBB-, Moody' s: Baa2, Fitch: BBB+.

Best Buy is located in the top retail trade area of Southeastern Denver. The site bounds the intersection of Interstate 25 (190,000 AADT) and Colorado Boulevard, one of Denver's busiest north/south thoroughfares with over 60,000 cars per day. The neighborhood consists of a mixture of apartment buildings and town homes, single family houses, strip-malls, and mid and high-rise multi-family apartments and office buildings. The neighborhood is known as Virginia Village (1 of 79 neighborhoods located in the county). This is irreplaceable, infill real estate in a fully developed market with an investment grade rated corporate guaranty.

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Created 5/26/2011