Best Buy - Selinsgrove, PA

JLL is pleased to exclusively offer the opportunity to acquire the single tenant property corporately leased to Best Buy (the property) located within the retail condo of Monroe Marketplace; the grocery-anchored retail power center in Selinsgrove, PA. Best Buy currently has 3+ years left on its Lease after exercising the first of four extension options. Best Buy now has three (3), five (5) year options remaining, with the next option providing an excellent rental increase of over 12%. Best Buy (NYSE: BBY), boasting a BBB (S&P) investment grade credit rating, is the world’s largest multi-channel consumer electronics retailer. The Fortune 500 company has surpassed 2019’s total revenue, which solidifies three consecutive years of total sales/revenue growth for Best Buy.

Best Buy is strategically located off of N Susquehanna Trail (US Route 11-15), a major thoroughfare in the area home to 30,000 vehicles per day. It’s about a mile from the 750,000 SF Susquehanna Valley Mall, creating a synergistic relationship between the two Properties. Additionally, it is located within the market-dominant Monroe Marketplace, which is home to nationally recognized retailers such as Target, Giant, TJ Maxx, Kohl’s, Dick’s Sporting Goods, Ross, Michaels, PetSmart, LongHorn Steakhouse, Buffalo Wild Wings, Moe’s Southwest Grill, Red Robin, BB&T, Ulta Beauty, and Five Below helping further drive more consumers to the area. The Best Buy is within close proximity to two well-known Pennsylvania Universities; Bucknell and Susquehanna. The two universities combine to have more than 6,000 students and 600 faculty. This Best Buy has limited competition, as the next closest Best Buy is about 35 minutes away. 

During the height of the pandemic, Best Buy had a very strong third quarter of 2020, including a 21% increase in domestic revenue and a 25% increase in international revenue, compared to this time last year. As of December 1, 2020, Best Buy operated over 1,230 stores and reported TTM total revenue of $43.64 billion and TTM net income of $1.6 billion.

• Best Buy (NYSE: BBY), boasting a BBB (S&P) an investment grade credit rating, is the world’s largest multi-channel consumer electronics retailer. The Fortune 500 company has surpassed 2019’s total revenue, which solidifies three consecutive years of total sales/revenue growth for Best Buy.
• During the height of the pandemic, Best Buy had a very strong third quarter of 2020, including a 21% increase in domestic revenue and a 25% increase in international revenue, compared to this time last year. 
• Best Buy is a 10 to 15-minute drive from two Pennsylvania Universities; Bucknell and Susquehanna. The two universities combine to have more than 6,000 students and 600 faculty. 
• Best Buy is strategically located off of N Susquehanna Trail (US Route 11-15), a major thoroughfare in the area home to 30,000 vehicles per day. It’s about a mile from the 750,000 SF Susquehanna Valley Mall and about 35 miles from the next closest Best Buy. 
• Additionally, it is located within the market-dominant Monroe Marketplace, which is home to nationally recognized retailers such as Target, Giant, TJ Maxx, Kohl’s, Dick’s Sporting Goods, Ross, Michaels, PetSmart, LongHorn Steakhouse, Buffalo Wild Wings, Moe’s Southwest Grill, Red Robin, BB&T, Ulta Beauty, and Five Below helping further drive more consumers to the area.