121 River Hills Rd
Asheville, NC 28805
AMC Theatre: Asheville, NC · Retail Property For Sale

Leading Movie Theatre Tenant: Founded in 1920, AMC Theatres (NYSE: AMC) is the leading American movie theater chain in the market, ahead of Regal Entertainment Group and Cinemark Theatres. Headquartered in Leawood, Kansas, AMC is owned and operated by Dalian Wanda Group. In 2016, the company finalized its acquisition of Odeon Cinemas, UCI Cinemas and Carmike Cinemas, making it the largest movie theater chain. As of December 31, 2018, AMC Entertainment Holdings, Inc. reported 2018 revenue of $5.5 billion, total assets of $9.5 billion, and a net worth of $1.4 billion. Recent 12-Year Extension: AMC recently executed a 12-year lease extension which evidences their long-term commitment to the theatre. The 12-year extension commenced in early 2019. Long Term Operating History: AMC has been operating at the site since 1996, demonstrating the location’s vitality. Significant Renovations: AMC just completed a $5M renovation in early 2019 which included new seats and upgrades to the audio/visual systems, restrooms, and concession stands. Further, a bar and substantially expanded food options (e.g. flatbreads) will be added to modernize the theatre. Straegic Location: The property is strategically located within the River Hills Shopping Center, which is anchored by Dick’s Sporting Goods, Haverty’s and Target, and occupied by Michaels and Dollar Tree.