Retail Space
700 North Edwards Boulevard Lake Geneva, WI 53147
Details & Description
Price: $4,900,000
    SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased, investment grade (S&P: BBB), corporate guaranteed, Best Buy investment property located in Lake Geneva, WI (Milwaukee MSA). The tenant, Best Buy Stores, L.P., has just under 3 years remaining in their first exercised option with 3 remaining (5-year) options to extend. The lease features $0.50/PSF rental increases at the beginning of each option period, growing NOI and hedging against inflation. The lease is NN with landlord responsibilities limited to roof, structure, and parking lot, making it an ideal, low-management investment for a passive investor. Best Buy has become one of the biggest consumer electronics retailers in the world, generating a global revenue over $39B while operating nearly 1,600 stores worldwide.
    Listing Agents
    Dan Elliott

    O: 312-279-5342
    dan.elliot@srsre.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    700 North Edwards Boulevard

    Lake Geneva, WI 53147

    Listing ID: 253435
    • 700 North Edwards Boulevard Lake Geneva, WI 53147 | for Sale | Photo 1
    • 700 North Edwards Boulevard Lake Geneva, WI 53147 | for Sale | Photo 2
    700 North Edwards Boulevard | for Sale | Thumbnail 1
    700 North Edwards Boulevard | for Sale | Thumbnail 2
    Building Size: 30,376 SF
    Lot Size: --
    Land Size: --
    Building $/SF: $161.31
    Land $/SF:
    Price
    $4,900,000
    Description

    SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased, investment grade (S&P: BBB), corporate guaranteed, Best Buy investment property located in Lake Geneva, WI (Milwaukee MSA). The tenant, Best Buy Stores, L.P., has just under 3 years remaining in their first exercised option with 3 remaining (5-year) options to extend. The lease features $0.50/PSF rental increases at the beginning of each option period, growing NOI and hedging against inflation. The lease is NN with landlord responsibilities limited to roof, structure, and parking lot, making it an ideal, low-management investment for a passive investor. Best Buy has become one of the biggest consumer electronics retailers in the world, generating a global revenue over $39B while operating nearly 1,600 stores worldwide.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Milwaukee History of Retail Space for Sale

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    Lake Geneva Area Market Trends

    Listing Demographics for 700 North Edwards Boulevard Lake Geneva, WI 53147

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population2,23212,03022,609
    Population Median Age404141
    Population by Age0-9 Yrs236 (10%)1357 (11%)2586 (11%)
    10-19 Yrs374 (16%)1617 (13%)3257 (14%)
    20-29 Yrs252 (11%)1227 (10%)2196 (9%)
    30-39 Yrs210 (9%)1337 (11%)2415 (10%)
    40-49 Yrs235 (10%)1376 (11%)2615 (11%)
    50-59 Yrs415 (18%)2036 (16%)3861 (17%)
    60-69 Yrs279 (12%)1646 (13%)2996 (13%)
    70+ Yrs230 (10%)1435 (11%)2682 (11%)
    Median HH Income$43,819$60,017$66,853
    Total Household Income< 24K238 (23%)946 (18%)1372 (14%)
    25-49K351 (35%)1325 (25%)2087 (22%)
    50-74K131 (13%)860 (16%)1691 (18%)
    75-99K136 (13%)801 (15%)1442 (15%)
    100-199K124 (12%)1029 (19%)1978 (21%)
    200K+17 (1%)263 (5%)597 (6%)
    Highest Education LevelNo Diploma1355991203
    Diploma or GED42023264553
    Some College35717843483
    Assoc. Degree845941170
    Bachelors Degree32919723337
    Higher Degree14011311902
    Total Housing Units1,1937,18913,339
    --Owner-Occupied4103,2206,450
    --Renter-Occupied5872,0042,717
    Owner-Occupied Values< 100K41284731
    100-199K18211042079
    200-299K859571744
    300-399K56403750
    400-499K12191492
    500K+33281654
    Total Working Age Population1,7339,70217,995
    In Work Force1,2266,67712,161
    Not In Work Force5073,0255,834
    Workforce Employed1,1456,31111,510
    Workforce Unemployed81366651
    Civlian Workforce1,2266,67712,161
    Military Workforce000
    Total Households9975,2249,167
    Family Households5533,2576,166
    Non-Family Households4441,9673,001
    Married Couple3592,5084,801
    Other Family1957491,365
    Married w/Child1118061,610
    Single Male w/Child3278169
    Single Female w/Child85312514

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Wisconsin5,363,675+65,686,986+66,005,080+66,375,910
    Walworth County93,759+9102,228+7109,365+11121,835

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 700 North Edwards Boulevard in Lake Geneva?
    The asking price for 700 North Edwards Boulevard is $4,900,000
    What is the building size of this Retail property in Lake Geneva, WI?
    The size of the building/unit at 700 North Edwards Boulevard in Lake Geneva is 30,376 square feet
    What kind of Retail is the propery at 700 North Edwards Boulevard?
    The property at 700 North Edwards Boulevard Lake Geneva, WI 53147 is listed as a Other Retail Retail property
    What is the population within 1 mile of 700 North Edwards Boulevard in Lake Geneva?
    The population within 1 mile of 700 North Edwards Boulevard Lake Geneva, WI 53147 is 2,232 people.
    Who do I contact for questions about 700 North Edwards Boulevard?
    You should contact the listing agent, Dan Elliott, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    General Mitchell International Airport (MKE) 36
    Chicago Rockford International Airport (RFD) 45
    Chicago O'Hare International Airport (ORD) 50