BEST BUY
KENOSHA, WI
$6,600,000
AT A GLANCE
Single Tenant
30,000 Square Feet
CHALLENGES
Aggressive Pricing in the Downturn Economy
Short Term Lease (8 Years Remaining on 10 Year Lease)
- Virginia LP Lease Signature (No Corporate Guaranty)
Not Absolute NNN — Landlord Responsible for Roof and Structure
Tertiary Market
Major Parking Lot Asphalt Damage
MARKETING STRATEGY
Major Parking Lot Asphalt Damage
Position the Strength of the Virginia LP Subsidiary
Get All the Contingencies Released Subject to the Parking Lot Repairs
RESULTS
Closed with REIT Buyer from Arizona
7.73% CAP vs. Other Best Buys Closing North of 8.0% CAPS
Closed at 94% of List Price / $220 PSF