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15-Property NNN-Leased Movie Theaters 15 Retail Properties Offered at $120,000,000 in Multiple Locations
INVESTMENT HIGHLIGHTS
- 15 Properties | 128 Screens | 10,861 Seats
- Cap Rate 7.8% (Year 1 NOI: $9,358,000)
- Geography-limited Competition & High Barriers to Entry
- Largest Private-Held Theater Chain in US | 5th Largest Theater Chain in US
- Corporate Guaranteed Absolute NNN Leases w/10 Year Terms
- Memorial Day Weekend 2025 Set a Box Office Record: $325 Million
EXECUTIVE SUMMARY
Crossroads Real Estate Group is proud to present a rare portfolio sale-leaseback opportunity comprising 15 absolute NNN-leased B&B Theatres located in Missouri, Oklahoma, and Texas. The portfolio includes 409,429 square feet of net rentable area on 70.2 acres, featuring 128 screens and 10,861 seats. Each location is competitively amenitized to suit its local community. Backed by brand-new 10-year corporate-guaranteed leases with zero landlord responsibilities, the properties provide durable, long-term income from a nationally recognized operator. With many locations serving as the sole or dominant theater in their markets, this offering benefits from geographic exclusivity, limited competition, and deeply embedded customer loyalty, making it a compelling acquisition for portfolio investors focused on stable cash flow and strong real estate fundamentals.
Founded in 1924, B&B Theatres is the fifth-largest movie theater chain in the United States and the largest privately held cinema operator. Family-owned and operated for over a century, the company is known for its forward-thinking approach, including luxury recliners and next-generation projection technologies. The company currently operates 523 screens across 53 locations in 16 states, with additional projects in development. Importantly, B&B Theatres has met 100% of its lease obligations throughout its extensive history, reflecting a robust operational model and an unwavering financial integrity.
The movie exhibition industry is poised for a breakout performance. With 2025 set to be the first uninterrupted year of Hollywood production since 2019, the box office has already surged. Memorial Day weekend in 2025 set a record with $325 million in ticket sales. Year-over-year trends indicate a 30% increase in box office revenues, and analysts expect 2025 to 2026 to be record-breaking periods driven by a packed release calendar, including high-profile titles such as Superman, Mission: Impossible – The Final Reckoning, and How to Train Your Dragon. High barriers to entry, including sophisticated technology, construction costs, and market saturation, keep new competitors at bay, especially in smaller trade areas. This macro environment, paired with limited local competition and an established operator, makes this offering an ideal strategic investment in a revitalized and rationalized industry.
Founded in 1924, B&B Theatres is the fifth-largest movie theater chain in the United States and the largest privately held cinema operator. Family-owned and operated for over a century, the company is known for its forward-thinking approach, including luxury recliners and next-generation projection technologies. The company currently operates 523 screens across 53 locations in 16 states, with additional projects in development. Importantly, B&B Theatres has met 100% of its lease obligations throughout its extensive history, reflecting a robust operational model and an unwavering financial integrity.
The movie exhibition industry is poised for a breakout performance. With 2025 set to be the first uninterrupted year of Hollywood production since 2019, the box office has already surged. Memorial Day weekend in 2025 set a record with $325 million in ticket sales. Year-over-year trends indicate a 30% increase in box office revenues, and analysts expect 2025 to 2026 to be record-breaking periods driven by a packed release calendar, including high-profile titles such as Superman, Mission: Impossible – The Final Reckoning, and How to Train Your Dragon. High barriers to entry, including sophisticated technology, construction costs, and market saturation, keep new competitors at bay, especially in smaller trade areas. This macro environment, paired with limited local competition and an established operator, makes this offering an ideal strategic investment in a revitalized and rationalized industry.
SALE FLYER
PROPERTY FACTS
| Price | $120,000,000 | Status | Active |
| Price / SF | $293.05 / SF | Number of Properties | 15 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 7.80% | Total Building Size | 409,489 SF |
| Sale Type | Investment | Total Land Area | 74.42 AC |
| Price | $120,000,000 |
| Price / SF | $293.05 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 7.80% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 15 |
| Individually For Sale | 0 |
| Total Building Size | 409,489 SF |
| Total Land Area | 74.42 AC |
PROPERTIES
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SALE ADVISORS
SALE ADVISORS
John Nolan, Partner
John Nolan started his career in retail development, leasing and brokerage in 2002 with D.J. Christie, Inc., a regional development firm with strong relationships to top retailers. John was intimately involved with all phases of the development process: site selection, public financing, construction, leasing, management and disposition. He oversaw four Town Center projects and multiple small projects during his eight years with D.J. Christie, Inc. Through this, he gained a thorough understanding of retail development and ownership and learned the formula to make it a profitable venture. Hard work and reaching the team’s goals have always been his forte.
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In 2010 John became a partner at DLM Commercial where he focused heavily on tenant representation throughout the recession and had some of his best years; successfully representing national, regional and local retailers and restaurants. John then started the retail division at Lee & Associates, Kansas City, where he was a partner of the firm and oversaw the recruitment of new brokers and the growth of the retail division. He also assisted in a $30 million industrial development. In addition to new development, John brokered over $125 million in acquisitions. In 2017, John started Crossroads Real Estate Group and has continued to lead the firm to year over year growth. John's focus at Crossroads Real Estate Group is working with the best fit of developers, investors, tenants and landlords for the company.
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A life-long resident of the Kansas City area. John is married to Sarah Nolan and has three children. He is a graduate of Shawnee Mission West High School and was a multi-year letter-winner in football at the University of Buffalo.
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In 2010 John became a partner at DLM Commercial where he focused heavily on tenant representation throughout the recession and had some of his best years; successfully representing national, regional and local retailers and restaurants. John then started the retail division at Lee & Associates, Kansas City, where he was a partner of the firm and oversaw the recruitment of new brokers and the growth of the retail division. He also assisted in a $30 million industrial development. In addition to new development, John brokered over $125 million in acquisitions. In 2017, John started Crossroads Real Estate Group and has continued to lead the firm to year over year growth. John's focus at Crossroads Real Estate Group is working with the best fit of developers, investors, tenants and landlords for the company.
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A life-long resident of the Kansas City area. John is married to Sarah Nolan and has three children. He is a graduate of Shawnee Mission West High School and was a multi-year letter-winner in football at the University of Buffalo.
Holly Larrison Mills, MAI, CCIM, Director of Investment Sales
Holly joined Crossroads Real Estate Group in 2025 to serve as the Director of Investment Sales. She leverages over 20 years of experience in brokerage, valuation, investment analysis, and advisory services to deliver exceptional results. Her diverse background adds strength to the growing Crossroads team, including expertise in brokerage, valuation, investment analysis, and advisory services.
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Over the past two decades, Holly has valued more than $1 billion worth of office, retail, multifamily, industrial, and development assets. Her diverse background involved underwriting properties in the course of brokerage and in her previous role as an appraiser. Both investor and owner clients consistently attribute her strategic application of market knowledge and insightful analysis of assets as the key differentiators in maximizing disposition and acquisition opportunities.
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Holly is the only broker in the Kansas City market who has earned both the CCIM designation (CCIM Institute) and the MAI designation (Appraisal Institute). This unique combination of credentials underscores her commitment to delivering the highest level of expertise, experience, and education to every client she serves.
Originally from Arkansas, Holly moved to Lawrence, Kansas to attend the University of Kansas before settling in the Kansas City area after completing graduate school. Holly and her husband, Will, enjoy traveling, scuba diving and any endeavor involving music. She volunteers as an ESL teacher with Mission Adelante in the refugee program. Holly serves on the Kansas City CCIM Board of Directors.
?
Over the past two decades, Holly has valued more than $1 billion worth of office, retail, multifamily, industrial, and development assets. Her diverse background involved underwriting properties in the course of brokerage and in her previous role as an appraiser. Both investor and owner clients consistently attribute her strategic application of market knowledge and insightful analysis of assets as the key differentiators in maximizing disposition and acquisition opportunities.
?
Holly is the only broker in the Kansas City market who has earned both the CCIM designation (CCIM Institute) and the MAI designation (Appraisal Institute). This unique combination of credentials underscores her commitment to delivering the highest level of expertise, experience, and education to every client she serves.
Originally from Arkansas, Holly moved to Lawrence, Kansas to attend the University of Kansas before settling in the Kansas City area after completing graduate school. Holly and her husband, Will, enjoy traveling, scuba diving and any endeavor involving music. She volunteers as an ESL teacher with Mission Adelante in the refugee program. Holly serves on the Kansas City CCIM Board of Directors.
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15-Property NNN-Leased Movie Theaters
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