Trophy Location with High Visibility Monument Signage
Best Buy Emeryville
Absolute NNN Lease
Overview
Offering Specifications
- Price $28,255,000
- CAP Rate 5.00%
- Price/SF $627.88
- Net Operating Income $1,412,748
- Square Footage 45,000
- Year Built 2002
Essential CRE is pleased to offer for purchase the 100% fee simple interest in a 45,000 +/- square foot freestanding Best Buy building located in Oakland- Emeryville, CA. This single-tenant property is leased to Best Buy under an Absolute NNN Lease. The tenant has two years remaining on the initial term and three, 5 Year options to renew and 3% rent increases at each option. The subject property is located in the Easy Bay Bridge shopping center, a 438,000 square foot, grocery-anchored power center spanning two municipalities, Emeryville and Oakland. This shopping center is anchored by Target, The Home Depot, Pak ‘N Save Supermarket and many others.
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