CBRE is pleased to present the opportunity to acquire a 100% fee interest in a 38,007 square foot Best Buy located in Coralville, Iowa, six miles outside of Iowa City, home to the University of Iowa. The site anchors Coral Ridge Mall, which is strategically located just off the heavily trafficked Interstate-80 and Interstate-380 interchange (99,000+ VPD). Best Buy has been at this location since 1998 and exercised its THIRD and FINAL option through January 2029, demonstrating its commitment to the site and desire to be in the market.
Founded in 1966 and headquartered in Richfield, MN, Best Buy Co., Inc. (NYSE: BBY) is a retailer of consumer electronics, home office products, entertainment software, appliances, and related services in more than 1,000 stores and with about 100,000 employees in the United States and Canada. Best Buy is ranked #68 on the 2022 Fortune 500 List. The company had 2024 revenue of $43.5 billion.