Best Buy - Reynoldsburg, OH

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in a Best Buy (the “Tenant”) located at 2782 Taylor Rd Ext, Reynoldsburg, OH 43068 (the “Property” or “Asset”). The Property was built-to-suit in 2004, and the Tenant is currently operating on a net-lease and recently exercised their third extension option period, showing their long-term commitment to the site. The lease features ±6.6 years remaining and two additional options to extend the lease term. The Property benefits from a rent of $12.50, significantly below the retail market rent of $19.98 PSF. Best Buy has a proven commitment to the purpose-built site with over 20 years of operating history.

Best Buy is positioned as an outparcel to Taylor Square, a regional shopping center 12-miles east of Columbus. Taylor Square generates 7.1 million visits annually while ranking in the top 8% of most visited shopping centers in Ohio (Placer.ai). The Property is located at the I-70 and State Route 256 interchange, one of Columbus’ busiest freeway interchanges with combined visibility to over 105,000+ vehicles per day. The immediate trade area has strong demographics with a dense local population of 207,000+ and an average household income of $98K+ within a five-mile radius.

This unique opportunity allows investors the ability to acquire investment grade tenancy, net leased to an industry leading multi-channel electronics retailer in the largest metropolitan area in Ohio.

OH Broker of Record: Jon Vanderplough - OH License No. 2005015674