Brauvin Net Lease, Inc. acquired the Best Buy retail store located in Grand Junction, Colorado at a purchase price of $4,211,000 plus closing costs on December 3, 2009. Best Buy (NYSE: BBY), is a leading electronics retailer that operates more than 1,140 stores nationwide (plus an additional 2,827 international stores and mobile phone outlets) and generated 2008 sales of $45 billion. Best Buy currently carries a Standard and Poor’s corporate investment grade rating of BBB- with a stable outlook. The property is leased to Best Buy through January, 2022 on a triple net lease whereby the tenant is responsible for all maintenance costs, taxes, operating and capital repairs.

The property contains 30,701 square feet and is situated on 3.4 acres of land. The Best Buy is adjacent to the Mesa Mall, a 842,000 square foot regional mall anchored by Target, Sears, JC Penny and Herberger’s. Mesa Mall is the only enclosed mall between Salt Lake City and Denver (a radius of 250 miles) and draws from a shopping customer base of up to 100 miles away.

“We are pleased to add Best Buy to our tenant portfolio. This dominant retailer will sustain the long-term value and stability of our investment.” said James L. Brault, President of Brauvin Net Lease, Inc.

ABOUT BRAUVIN - Brauvin Net Lease, Inc. specializes in the acquisition of single tenant, net lease properties throughout the United States on a fully discretionary, all cash basis. Brauvin has acquired assets in thirty-three states to date and has significant, discretionary funding capacity. More information on Brauvin is available at brauvin.com