Marcus & Millichap Arranges $4.9M Sale of Best Buy-Occupied Retail Building in Lake Geneva, Wisconsin

Marcus & Millichap Arranges $5M Sale of Best Buy in Wisconsin

Marcus & Millichap completed the sale of a net-leased Best Buy property 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. “Lake Geneva continues to attract strong buyer demand, and we’ve sold numerous retail properties in the area as investor interest remains consistently high.”Ro…

Marcus & Millichap Arranges $4.9M Sale of Best Buy-Occupied Retail Building in Lake Geneva, Wisconsin

LAKE GENEVA, WIS. — Marcus & Millichap has arranged the $4.9 million sale of a 30,162-square-foot retail building net leased to Best Buy in Lake Geneva, about 50 miles southwest of Milwaukee. Best Buy has occupied the property, which is part of a retail strip center shadow anchored by Target, since it was built in 2008. Jeff Rowlett and Eric Wagner of Marcus & Millichap represented the seller, BB Geneva LLC, and procured the buyer, Agree Central…