713 N Theatre Rd
Marion, IN 46952
AMC Showplace Marion 12 · Retail Property For Sale

Marcus & Millichap is pleased to present the fee simple AMC Theatres property located in Marion, Indiana. The 36,542 square foot building was built-to-suit for AMC Theatres in 2005 and sits on 6.90 acres as an outlot to the Five Points Mall. The Five Points Mall is the premier shopping destination in Marion and is home several other outlots including a Ruler Foods (Kroger) and JOANN Fabrics anchored center, McDonald’s, Buffalo Wild Wings, Subway, A&W, Regions Bank, STAR Financial Bank, and the Grant County State Bank. There is a Needler’s Fresh Market and Anytime Fitness shopping center across the street to the north, along with a Burger King, Wendy’s and Kem View Plaza shopping center. AMC benefits from being the only movie theatre in Marion, which is a college town home to Indiana Wesleyan University and its 15,872 students. AMC is just over 4 miles from the campus and is a destination for college students, in addition to the 15,133 households within 5 miles. AMC Theatres signed an original 20-year lease in 2005, with the current lease expiring September 30, 2025. Therefore, there are currently more than 5.75 years remaining on the base term providing an investor with stability and a long-term lease providing a hedge against inflation with the upcoming 8% increase in October of 2020. There are three, five-year renewal options available starting in October 2025 also featuring 8% increases. The lease is classified as absolute triple net, meaning there are zero landlord responsibilities and the tenant is responsible for all expenses and the roof/structure components of the building. AMC Theatres is the largest movie theatre chain in the world and has grown to serve more than 200 million customers each year. AMC provides the best movie-going experience possible at all of its 905 locations across the United States and Europe.