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Agree Central LLC Purchases Retail Building Leased To Best Buy From BB Geneva LLC For $4.9M
SOLD
$4,900,000
Wisconsin
See Similar DealsRetail30,162 SF
Sold 01/29/2026
SOLD
Agree Central LLC Purchases Retail Building Leased To Best Buy From BB Geneva LLC For $4.9M
700 Edwards Boulevard
See Similar DealsRetail30,162 SF
Sold 01/29/2026
Summary
WISCONSIN
Asset Type:Retail
Price Per Square Foot:$162
Total Square Footage:30,162 SF
Transaction Type:Sale
A retail building located at 700 Edwards Boulevard in Lake Geneva, WI, was sold for $4,900,000. The asset occupies 30,162 square feet and has a price per square foot of $162. The property is leased to Best Buy and is shadow anchored by Target.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,900,000
- Address: 700 Edwards Boulevard
- Market: Lake Geneva, WI
- Square Footage: 30,162
- Price Per Square Foot: $162
- Buyer: Agree Central LLC
- Seller: BB Geneva LLC
- Broker: Eric Wagner - Marcus & Millichap
Jeff Rowlett and Eric Wagner represented the seller, BB Geneva LLC, in this transaction and successfully secured the buyer, Agree Central LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$261,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,408.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,228.50
Annual Debt Service$278,742.00
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