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| Price $5,642,703 | Built/Renov 1998 | Tenant Best Buy |
| Cap Rate 10.42% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
51,500
| Lease Start
04-30-1998
| #Units
1,138
|
| Price/SF $109.57 | Expiration
04-30-2030
| Tenant Type Big Box Retail |
| NOI $588,224 | R. Term 5.5 | Ownership Fee Simple |
| Rent/SF
$11.42
| Increases 0.0%/5/yrs | Pop 5Mi 113,613 |
| Lot/AC 4.78 | Options 2/5yrs | AHHI 5Mi $149,966 |
| | |
This Best Buy is located in the Fabyan Crossing shopping center, at a signalized intersection with excellent visibility & signage along Randall Road. Randal Rd. is one of the most traveled roads in the Northwest suburbs and sees nearly 50, 000 VPD. The site is strategically located on a dense retail corridor with many nearby national retailers, including Walmart Supercenter, Aldi, Lowes, Petco...
...Signalized intersection
In location for years
High traffic 50M+ VPD
Top 100 MSA
Strong demographics
Affluent AHHI $100K 5 Mi
Recently extended lease
Absolute NNN
Traded and rated company
Investment grade tenant
Best Buy (NYSE: BBY) is an American multinational consumer electronics retailer. Originally founded in 1966 as an audio specialty store called Sound of Music, it was rebranded to Best Buy in 1983...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 5,405 | 53,129 | 111,888 |
| 2023 Total Population : | 5,508 | 53,529 | 112,689 |
| 2023 Employed Civilian Pop : | 2,984 | 29,277 | 61,340 |
| 2023 Total Businesses : | 253 | 2,322 | 4,951 |
| 2023 Average Household Income : | $ 185,019 | $ 156,779 | $ 153,211 |
| 2023 Total Consumer Spending : | $ 304 M | $ 2700 M | $ 5550 M |
| 2023 Median Age : | 41 | 41 | 41 |
| 2023 Total Households : | 1,985 | 20,463 | 42,928 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,406 | 13,023 | 25,475 |
| 2023 Average Home Value : | $ 428,805 | $ 391,571 | $ 371,851 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| South Randall Road | Gleneagle Dr | 2018 | 39,100 | 0.15 mi |
| S Randall Rd | Gleneagle Dr | 2014 | 35,700 | 0.15 mi |
| Fabyan Pkwy | Cemetary Acc | 2014 | 13,900 | 0.20 mi |
| Fabyan Parkway | Janet Ln | 2018 | 12,000 | 0.23 mi |
| Fabyan Parkway | Fabyan Pkwy | 2018 | 25,900 | 0.25 mi |
| Fabyan Pkwy | Bent Tree Dr | 2014 | 26,600 | 0.34 mi |
| N Randall Rd | S Randall Rd | 2014 | 28,500 | 0.35 mi |
| North Randall Road | 2018 | 34,600 | 0.44 mi | |
| North Randall Road | South Dr | 2018 | 34,600 | 0.44 mi |
| West Fabyan Parkway | 2018 | 25,900 | 0.54 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
