Best Buy Company, Inc. is an American consumer electronics retailer. Their products range from computers to cameras and home appliances, as well mobile phones and tech accessories. Best Buy is publicly traded on the New York Stock Exchange as BBY, with a market capitalization of $21.3 billion.
They are headquartered in Richfield, Minnesota, and have 700 stores spanning the United States and Canada. Best Buy is a highly-desired net leased investment because of their BBB- Standard & Poor's credit rating and recent partnership with Amazon (NYSE: AMZN). Primary lease terms are typically 15-20 year triple net leases with 5-year renewal options. For 2017, cap rates and sales prices averaged a very attractive 7.00% and $10,000,000.