This property is Off-Market

9600 E Independence Blvd
Matthews, NC 28105 ·

6,400 SF · Retail For Sale

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BLOCKBUSTER Corp Sale Leaseback

Price N/A Cap Rate 9%
Building Size 6,400 SF Tenancy Single
Property Type Retail Year Built 1990
Property Sub-type Free Standing Bldg Lot Size 1.14 AC
Property Use Type Net Lease Investment with 10+ years left on lease
Listing ID: 16751960 Date Created: 07/08/2010 Last Updated: 09/07/2011

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.

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

Research

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

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