Lowest cap rate over past 24 months
12 mo avg with 5+ yr lease term
Average Sale Price | $9,000,000 |
Average NOI | $675,000 |
Building SF | 45,996 |
Lease Term | 15 Years |
Escalations | Varies |
Stock Symbol | NYSE: BBY |
Best Buy Co., Inc., is a publically traded company in the United States falling under New York Stock Exchange symbol BBY. They are primarily a retailer for all things electronic, with the majority of their consumers being the American public. With corporate headquarters based in Richfield, MN, Best Buy also has physical locations in Mexico, Puerto Rico, Canada as well as China. On average, their overall sales margins account for nearly 19% of market share.
Additionally, subsidiaries of Best Buy include many familiar names like CinemaNow, Geek Squad, Magnolia Audio Video, and Pacific Sales. In fact, there are over 100 “Express Automated” Retail stores, also known as ZoomShops under the management and operation of Zoom Systems. These shops can be found in various airports and malls throughout the U.S.A.
If travelling north of the United States border into Canada, you will find both Best Buy and Future Shop labels owned by the parent company. Taken together, more than 1400 domestic and international retail locations are currently in operation, with approximately 170k employees in total.
Founded | 1966 |
Headquarters | Richfield, Minnesota |
Number of Locations | 1,144 |
Revenue | $51.76 B |
Company Website | https://www.bestbuy.com |
Key Principal | Corie Barry |