BLOCKBUSTER Video BLOCKBUSTER - EXP Realty Advisors

BLOCKBUSTER | 1024 S Main St| Kernersville, NC
1024 S Main St., Kernersville, NC (Winston-Salem)
OFF I-40 BUSINESS LOOP
INVESTMENT OVERVIEW
EXP Realty Advisors and Retail Resource Group as exclusive advisors 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.
For additional information on other available BLOCKBUSTER properties please visit www.exp1031.com.
IMMEDIATE TRADE AREA
The subject property is located on S Main St. (average traffic: 17,000+ cars/day) at a signalized intersections. It is a
pad site to a newly constructed Target and Petco anchored shopping center. Other tenants at the center include
Starbucks, Hibbett Sports, Payless Shoes and Mattress Firm. Tenants in the immediate area along S Main St
include Wal-Mart (Supercenter), Staples, Kohl’s, Lowe’s, Harris Teeter and Food Lion among others. In addition,
there are several restaurants including McDonald’s, Chick-Fil-A, Taco Bell, Denny’s, KFC, Burger King and
Wendy’s.
KERNERSVILLE, NC
Kernersville is located at the heart of the Piedmont Triad metropolitan area, which consists of the cities of
Greensboro, High Point, and Winston-Salem. Although Kernersville has traditionally been considered a suburb of
Winston-Salem, the arrival of new industries (particularly the Dell Computer plant), has given the city a booming
population and a character all its own. Much of the rural farmland surrounding the town has been sold and
turned into large middle-to-upper-class housing developments, and numerous large shopping centers have been
built in the town over the past few years.
List Price: $909,000
CAP Rate (Existing): 9.50%
Building Area: 6,400 + SF
Building Price / SF: $142 + PSF
Land Area: 0.75 + Acre
Land Price / SF: $27 + PSF
Year Built: 1991
Ownership: Fee Simple
LEASE OVERVIEW
Base Rent: $86,400 / Year
Annual Rental Rate: $13.50 PSF
Rent Commencement: Close of Escrow
BLOCKBUSTER Video
315 Greenville
Primary Term:
Blvd. SE, Greenville,
10 Years*
NC
Options to Renew: 2, 5-Year
Rent Increases: 10% Every 5 Yrs.
Tenant: BLOCKBUSTER Inc.
Lease Type: Absolute NNN
* Tenant has a right to terminate their lease after year 5.
COPYRIGHT © 2010. ALL USE, DISCLOSURE AND/OR REPRODUCTION NOT SPECIFICALLY AUTHORIZED IS PROHIBITED. ALL RIGHTS RESERVED. Retail Real Estate Group dba Retail
Resource Group and EXP Realty Advisors (“Agent”) has presented this confidential Investment Memorandum to assist the recipient in evaluating the “Property” and it is intended for
your use only. This confidential material contains brief, selected information pertaining to the Property and shall not be considered all-inclusive or unchanged since the date of
preparation. No warranty as to the accuracy or completeness is expressed or implied. The information has been received from sources believed to be reliable but is not guaranteed.
Agent disclaims all liabilities in connection with any inaccuracies or incompleteness. The Buyer should independently verify each item of information and have the same reviewed by its
tax advisor and/or legal counsel. The Buyer agrees that (a) the materials are of a highly confidential nature and will be held in the strictest confidence or shall be returned to Agent
upon request; (b) the Buyer shall not contact any property manager, employee or tenant of the Property regarding the enclosed materials or the Property, without prior approval of
Agent; and (c) the Buyer understands and agrees that Agent represents the seller and not the Buyer. Neither the seller nor Agent shall have any obligation to pay any commission,
finder’s fee, or other compensation to any broker or other person dealing with the Buyer. The Buyer may provide information to persons retained for the purpose of evaluating the
Property after first obtaining a signed confidentiality This information agreement has been from obtained such persons from to sources keep such deemed information reliable, confidential. however The neither Buyer EXP shall Realty defend, Advisors, indemnify Inc. and nor hold Retail harmless Resource the Group guarantee, warranty or represent its accuracy.
seller, Agent and its affiliates from and against any claims, demands, damages, liabilities, costs or expenses, including reasonable attorneys’ fees, relating to any claim for a
commission, finder’s fee or other compensation by any broker or other person dealing with the Buyer. The Property is being sold on an “as-is, where-is” and “with all faults” basis.