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**Marcus & Millichap Arranges $4.9M Sale of Best Buy Property in Wisconsin**
Marcus & Millichap has successfully completed the sale of a net-leased Best Buy property located in Lake Geneva, Wisconsin, for $4.9 million.
“Best Buy has operated at this location since 2008 on a double net lease, making it a strong, long-term investment,” said Jeff Rowlett, Senior Managing Director Investments at Marcus & Millichap. “Lake Geneva continues to attract strong buyer demand, and we’ve sold numerous retail properties in the area as investor interest remains consistently high.”
The sale was facilitated by Rowlett and Eric Wagner, investment specialists in the firm’s Milwaukee office. They held the exclusive listing on behalf of the seller, BB Geneva, LLC, and also secured the buyer, Agree Central, LLC.
The 30,162-square-foot property is located at 700 N Edwards Blvd. and sits on 3.84 acres. Built in 2008, the building has been home to Best Buy ever since and is part of a retail strip center that is shadow-anchored by Target. Other neighboring retailers include Maurices, Mattress Firm, and Sally Beauty.
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— Connect CRE
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