Best Buy

1876 South Randall Road, Geneva, IL 60134

$8,403,200

Cap Rate 7.00%

Views: 87 Updated: 05.20.24 Posted: 01.18.23 Status: Inactive

Summary

Price $8,403,200	Built/Renov 1998	Tenant Best Buy
Cap Rate 7.00%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 51,500	Lease Start 04-30-1998	#Units 1,138
Price/SF $163.17	Expiration 04-30-2025	Tenant Type Big Box Retail
NOI $588,224	R. Term 0.7	Ownership Fee Simple
Rent/SF $11.42	Increases 1.0%/1/yrs	Pop 5Mi 113,613
Lot/AC 4.78	Options 3/5yrs/1%	AHHI 5Mi $149,966

Lease Highlights

Best Buy has been operating in Fabyan Crossing since 1998
The tenant has 2.2 years remaining on its current lease term with 3 (5-year) options to extend
Lease features 1% annual rental increases throughout the current term and options
Absolute NNN lease presents zero landlord responsibilities
Corporate guarantee by Best Buy (NYSE: BBY)
Best Buy is an investment grade tenant (S&P: BBB+)

Location Description

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...

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Key Features

Signalized intersection
In location for years
High traffic 50M+ VPD
Top 100 MSA
Affluent AHHI $100K 5 Mi
Recently extended lease
Absolute NNN
Annual rent increases
Traded and rated company
Investment grade tenant

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Links

Best Buy Wikipedia Best Buy Wikipedia Geneva Illinois Zip Code 60134 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Best Buy
Guarantor:Corp T and Rated
Company:Best Buy Co Inc
# Units:1,138
Tenant S&P: BBB+
Moody’s: A3
Stock: NYSE: BBY

About 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...

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Demographics

	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

*ESRI data is presented for informational purposes only

Traffic

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

Listing Broker

Jordan Shtulman

STREAM Capital Partners

Contact

83 Listings
7930 Views
33 Sold

Jonathan Wolfe

STREAM Capital Partners

Contact

11 Listings
995 Views
5 Sold

Jordan Shtulman

Jordan Shtulman is Co-Founder and Managing Principal of STREAM Capital Partners. In 2012, Jordan Shtulman and his partner, Jonathan Wolfe, formed STREAM Capital Partners with the intent to advise institutions, real estate developers, REITs, private equity firms, and business owners on all phases of net leased and sale leaseback properties. Since forming the company, Jordan and Jonathan have led a team of trusted advisors across the country completing over $12 Billion in net leased and sale leas

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Jonathan Wolfe

Jonathan Wolfe is Co-Founder and Managing Principal of STREAM Capital Partners. In 2012, Jonathan Wolfe and his partner, Jordan Shtulman, formed STREAM Capital Partners with the intent to advise institutions, real estate developers, REITs, private equity firms, and business owners on all phases of net leased and sale leaseback properties. Since forming the company, Jordan and Jonathan have led a team of trusted advisors across the country completing over $12 Billion in net leased and sale lease

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