AlgoCap Notes
Sale of of a single-tenant net leased asset occupied by Best Buy. Best Buy is a strong national tenant with over 1,200 locations. Corporate Guaranty from Best Buy (NYSE: “BBY”). Best Buy has been one of the best performing retailers during COVID-19 with their stock price more than doubling since March 2020.
Ideal 1031 Exchange Property – The property benefits from a long-term Absolute NNN numerous options to extend, providing an out-of-state investor with a secure, long-term, and management-free investment opportunity
Cryptocurrency Purchase – Transaction can be structured using Bitcoin, Ethereum and other types of Cryptocurrency. Buying an investment property in the US is a solid way to diversify your crypto portfolio.
Description
| Current NOI: | $585,000 |
| Type: | Triple Net (NNN) |
| Lease Term: | 30 Years + 1 Five-Year Renewal Option |
| Real Estate Taxes: | Payable by Tenant |
| Lease Expiration: | 10/21/2029 |
| State: | Colorado |
| Parcel Size: | 3.93 Acres |
| Guarantee: | Corporate / Credit A Investment Credit Rating |
| Maintenance: | Tenant pays for all operating costs and expenses |