Best Buy

High-visibility national credit, single tenant big box asset with 5.5+ years remaining on NN Lease – one, 5-Year options remaining with 7% increase
Strong historical occupancy – 23 years at current location, $33M in store sales – $1,073 PSF, 136,400 visitors per year (Placer AI)
Tenant has invested significant capital into interior upgrades and improvements with long term commitment to this strategic location that serves both retail and distribution purposes
NYSE: BBY is the largest consumer electronics retailer in the United States, operating over 1,000 stores across North America
Investment grade tenant (S&P, BBB+, Moody’s, A3) providing landlords with a strong covenant and reliable rental income stream
The company generates approximately $45+ billion in annual revenue, consistently ranking among the top 100 largest corporations in the U.S.
A strong omnichannel presence integrates its physical store network with a robust e-commerce platform, making each location a destination for in-store pickup and returns
Physical stores serve as essential fulfillment hubs, a model that has proven resilient against e-commerce competition by offering same-day pickup, Geek Squad services, and hands-on product experiences
Located directly off Interstate 5 in Redding, CA (Shasta County), only Best Buy store in 72 mile radius
Situated within a prominent power center anchored by TJ Maxx, BevMo, Barnes & Noble, Aaron’s, Michaels, World Market, and PetSmart, with Bank of America and Verizon on pads
Across the street from Town & Country Center and Hilltop Center, anchored by Kohl’s, Dick’s Sporting Goods, Trader Joe’s, Home Depot with Starbucks, Jersey Mike’s, AT&T Store and The UPS Store on pads
Within immediate proximity to Shasta Mall, anchored by Sprouts, Macy’s, JCPenney, and Ulta Beauty, with Chick-fil-A, Outback Steakhouse, Panda Express, Chase Bank, and Rabobank on pads

Property Details

Investment Highlights

Team

Nick Cole

Michael Cisternino