Best Buy Real Estate For Sale

NNN Best Buy Stores

Best Buy is one of the leading retailers in the United States for all things electronic, including computers, home appliances, smart phones, video games and the latest in retail technology. They offer In-store pickup as well as free two-day shipping on thousands of items.

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Pros

  • Superior branding
  • Consider the phrase ‘yield-less environment’, Best Buy to the rescue

Cons

  • Heavy online competition
  • Physical stores often down-size and close depending on supply and demand
  • Changes in management and leadership can affect future stability

Tenant Description

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.

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