Historical Retail Sale Listing - BLOCKBUSTER Corp Sale Leaseback

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BLOCKBUSTER Corp Sale Leaseback

9600 E Independence Blvd, Matthews, NC 28105

N/A

6,400 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
6,400 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with
10+ years left on lease
Cap Rate:
9%
Tenancy:
Single
Year Built:
1990
Lot Size:
1.14 AC
Listing ID
16751960
Last Updated
over 1 year ago

Highlights

  • Priced Below Replacement Cost
  • Brand New, Absolute NNN, 10-Year Corporate Sale-Leaseback with BLOCKBUSTER Inc. (NYSE: BBI)
  • BLOCKBUSTER Inc.: 6,000+ Stores Worldwide | Revenues $4.6+ Billion in January 2010
  • Strategically Located at Signalized Intersection of E Independence Blvd. (ADT: 47,000+Cars) & Sam Newell Rd.
  • Anchor Tenants In Immediate Area Include: Sam' s Club, Kohl's, Ross, Target, Lowe' s , Stein Mart, Home Depot
  • Matthews is Located 10-Miles Southeast of Charlotte

Description

EXP Realty Advisors, in association with Retail Resource Group, are pleased to present for sale a single tenant corporate sale-leaseback BLOCKBUSTER. This offering provides investors the unique opportunity of owning net leased real estate, priced below the building' s replacement cost, with a double digit investment yield and potential upside in the event BLOCKBUSTER were to vacate. This location is being sold as a part of a 25 store offering which can be purchased individually or as a portfolio. ALL CASH BUYERS ONLY.

The subject property is strategically located along a highly traveled Independence Blvd. (average traffic: 47,000+cars/day) at Sam Newell Rd. BLOCKBUSTER is directly across from a Sam' s Club, Kohlsand Ross anchored shopping center. Other tenants in the immediate area include Lowe' s, Target, Michaels, Home Depot, Value City and a Wal-Mart Supercenter among others. The property sits in front of a Hampton Inn and next to Applebee's and Boston Market.

Map of 9600 E Independence Blvd, Matthews, NC 28105 (Mecklenburg County)

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