Best Buy NNN Properties For Sale: Listings, Cap Rates and 1031 Buyer Guide

This page tracks Best Buy net lease properties observed for sale in the United States, refreshed automatically from listing broker materials, checks the tenant against the investment grade threshold, and walks through how to evaluate one before you make an offer. If you want the corporate credit story, the Best Buy credit rating and cap rate profile covers it. This page is about the inventory: what is on the market, what it is asking, how the pricing breaks down by term, state and lease type, and how a buyer, especially a 1031 exchange buyer, should work through it.

Best Buy NNN Properties For Sale: Latest Listings

Up to twelve of the most recently listed single-tenant Best Buy properties with published pricing. Open any listing and register for full property data, including the address, location map and an IG summary with due diligence questions.

Search all 7 Best Buy properties on the market

Market observations aggregated from listing broker materials; not offerings by Investment Grade Income Property, LP. Asking price, cap rate and NOI as published by the listing party. Information deemed reliable but not guaranteed. Verify all figures before relying on them.

What You Are Actually Buying

Best Buy operates every one of its US stores itself, so the lease signatory is Best Buy Co., Inc. or its operating subsidiary Best Buy Stores, L.P., and store-level operator risk is not part of the analysis. What buyers underwrite instead is corporate strategy. The chain has been shrinking its footprint slowly for years, closing underperformers at lease expiration and remodeling the rest into experience formats, so the question on any Best Buy listing is whether this specific store is one the company intends to keep. Sales per square foot, recent remodel spending and remaining term tell you more than the rating does.

The common prototype is a 30,000 to 45,000-square-foot big box on three to five acres, either freestanding on a pad or as a junior anchor in a power center. Initial terms are typically fifteen years with several five-year options, and older leases can be flat through the primary term with increases only in the options. Best Buy leases are more often NN than absolute NNN: the tenant covers taxes, insurance and most maintenance while roof and structure stay with the landlord. Newer stores and remodels are moving toward smaller formats with more service and pickup space, so some existing boxes are larger than the company now wants.

Across the current inventory, roughly 17% of listings with a reported build year were delivered in the last four years, and about 29% are marketed as NN, NN+ or simply Net, which usually means the landlord retains roof and structure and sometimes parking and HVAC. Read the lease rather than the brochure headline. If the rating framework behind investment grade tenancy is unfamiliar, the investment grade guide explains it.

Best Buy Cap Rate, Price and Term Distribution

These tables are generated from the live inventory and refresh every few hours. Use them to place any individual listing in context rather than judging an asking cap rate in isolation.

How to read the pricing

The spread inside the Best Buy inventory runs from 6.00% to 7.54%, against a median of 6.41%. Three variables help explain much of that spread, although these tables describe asking prices and do not isolate any single effect. First, remaining term, shown in the term table above. Second, geography, shown in the state table below. Third, lease structure and real estate quality: longer terms, stronger guarantors, absolute NNN structures and strong access generally ask lower cap rates, while leases with landlord responsibilities (NN) and secondary access generally ask higher ones; ground leases can price on either side, depending on rent and land value. When a listing sits far outside the band its term and state would predict, there is usually a reason in the lease, and it is worth finding before you write the offer rather than after.

Where Best Buy NNN Properties Are For Sale

Current inventory spans 6 states. Differences between states in the table below can reflect local buyer demand, growth, taxes and the mix of lease terms in each state’s listings as much as anything about the tenant, and small state samples can shift quickly.

Best Buy as a 1031 Exchange Replacement Property

The median asking price in the current Best Buy inventory is $7.78M, and about 0% of listings fall in the middle of the market between 1.5 and 3.5 million dollars. Whether that fits an exchange depends on the equity coming out of the relinquished property and on the debt you need to replace.

• Identify from the live list, not a stale one. Listings move. Identify two or three specific properties under the three-property rule and keep a backup that is realistically still available.
• Debt replacement is the trap. If the relinquished property carried a mortgage, you must replace that debt or add cash to fully defer gain. Where lender pricing sits above the asking cap rate, financed acquisitions run negative leverage. Run your own debt numbers before you identify.
• Term should match your hold. If you plan to hold through the next exchange or pass the asset to heirs, prioritize term and options over 25 basis points of cap rate.
• Certainty of closing matters more than price. A clean estoppel, a current lease and no pending relocation are worth paying for on a 45-day clock.

For identification mechanics, timelines and the NNN, DST and UPREIT alternatives, see the 1031 exchange into investment grade property guide.

Best Buy NNN Due Diligence Checklist

These are the items that change the value of a Best Buy listing and are rarely resolved by the offering memorandum.

• Roof and structure responsibility. Many Best Buy leases leave roof, structure and sometimes HVAC replacement with the landlord. On a 40,000-square-foot box these are large capital items, so confirm the maintenance split and any recent roof work before trusting the NNN label.
• Remaining term and renewal history. Best Buy prunes stores at lease expiration rather than breaking leases. A store with under five years left and no recent remodel is a real renewal question, so ask for option notice dates and any capital the tenant has invested.
• Co-tenancy and go-dark provisions. Power center leases often include co-tenancy clauses that reduce rent if an anchor leaves, and go-dark rights that let the tenant close while paying rent. Both change the value of a stable-looking income stream.
• Backfill prospects for the box. A 30,000 to 45,000-square-foot electronics box is a common size for off-price, fitness, furniture or grocery users, which supports exit liquidity better than larger boxes. Confirm parking ratio and clear height support those uses.

How Investment Grade Works With Best Buy Buyers

Investment Grade Income Property, LP is a licensed commercial real estate brokerage providing national advisory on acquisitions and dispositions of net lease property, with Broker of Record co-listing partnerships in all 50 states. On a Best Buy acquisition we screen the live inventory against your criteria, pull the lease abstract behind any listing you want to pursue, benchmark the asking cap rate against the distribution above, and negotiate on your side of the table through closing. On most transactions there is no separate fee to the buyer because compensation is paid from the transaction by the listing side. Where that is not the case we disclose it in writing before you engage.

Owners of existing Best Buy properties can use this page as a valuation benchmark. If you are weighing a sale, an off-market disposition to a qualified 1031 buyer often closes faster and with less retrading than a broad marketing process.

Frequently Asked Questions

• Best Buy Credit Rating and NNN Cap Rate Profile
• NNN Cap Rates 2026: Tenant by Tenant Benchmarks
• 1031 Exchange Into Investment Grade Property
• Investment Grade Credit Tenant Ratings
• Search All Observed NNN Listings