BEST BUY – Wheaton MD

10901 Georgia Avenue, Wheaton, MD 20902

Neuman Commercial Group offers a rare opportunity to own the long-term leasehold interest in an absolute-NNN 50,378 square foot Best Buy, who recently executed an 11-year renewal, in the commercial center of a dense high-income Washington D.C. suburb. The asset fronts over 61,000+ daily cars, is proximate to a metro station, and is surrounded by tremendous residential and commercial infill re-development in one of the nation’s wealthiest counties. This trophy location is one of Best Buy’s top stores in the country.
Moody’s and S&P rate Best Buy (NYSE: BBY) as stable investment grade credit, while Forbes (July 2020) states: “Best Buy has already proved its relevance in the age of Amazon. The top U.S. electronics chain is also showing the coronavirus pandemic won’t be the death knell of brick-and-mortar retail.”
The offering is free and clear of debt, providing an opportunity to take advantage of unprecedented low rates, which would yield immediate double-digit returns from this irreplaceable infill location.
For more information please email info@neumancommercial.com

type:

Absolute NNN

Key Tenants:

Best Buy

occupancy:

100%

gla:

50,378 SF + 15,900 SF sublease

price:

$9,700,000

cap rate:

9.3%

REQUEST OM:

info@neumancommercial.com

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