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BLOCKBUSTER Video BLOCKBUSTER - EXP Realty Advisors

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<strong>BLOCKBUSTER</strong> | Corporate Sale-Leaseback | Lumberton, NC<br />

Subject Property<br />

New Corporate Sale-Leaseback<br />

25 Stand Alone Stores Available Throughout the Southeastern U.S.<br />

$539,000 | 9.5% CAP | 6,400 SF | $84 PSF<br />

<strong>BLOCKBUSTER</strong> <strong>BLOCKBUSTER</strong><strong>Video</strong><br />

4365 315 Fayetteville Greenville Blvd. Rd, Lumberton, SE, Greenville, NC NC<br />

• Priced Well Below Replacement Cost<br />

• Brand New, Absolute NNN, 10-Year Corporate Sale-Leaseback with <strong>BLOCKBUSTER</strong> Inc. (NYSE: BBI)<br />

• <strong>BLOCKBUSTER</strong> Inc.: 6,000+ Stores Worldwide | Revenues $4.6+ Billion in January 2010<br />

• Strategically Located Along Fayetteville Rd (ADT: 27,000 Cars/Day) Next to Lumberton High School (2,170+ Students)<br />

• Anchored by 82,000+ SF Twin Oaks Plaza Shopping Center; Tenants Include Sears and Tractor Supply.<br />

• Other Retailers in the Neighborhood Include Kmart, Belk, Walgreens, CVS, Rite Aid, Papa John’s, McDonald’s, BK<br />

• Smithfield is Less Than 30-Miles Southeast of Raleigh, North Carolina<br />

• Raleigh-Durham-Cary CSA: Fastest Growing Region in US - Over $1.7 Million People 2009 Census<br />

Exclusive Listing Agents: Bob Moorhead | Joe Caputo<br />

212.686.0079 | joe@exp1031.com | www.exp1031.com<br />

This information has been obtained from sources deemed reliable, however neither <strong>EXP</strong> <strong>Realty</strong> <strong>Advisors</strong>, Inc. nor Retail Resource Group guarantee, warranty or represent its accuracy.<br />

In association with North Carolina Broker of Record: Marc Liles | License # 184508


<strong>BLOCKBUSTER</strong> 4365 Fayetteville | Corporate Rd, Lumberton, Sale-Leaseback NC|<br />

Lumberton, NC<br />

OFF I-95, AT N ROBERTS AVE<br />

<strong>EXP</strong> <strong>Realty</strong> <strong>Advisors</strong> and Retail Resource Group as exclusive advisors are pleased to present for sale a single<br />

tenant corporate sale-leaseback <strong>BLOCKBUSTER</strong>. This offering provides investors the unique opportunity of<br />

owning net leased real estate, priced below the building’s replacement cost, with a double digit investment<br />

yield and potential upside in the event <strong>BLOCKBUSTER</strong> were to vacate.<br />

This location is being sold as a part of a 25 store offering which can be purchased individually or as a<br />

portfolio. For additional information on other available <strong>BLOCKBUSTER</strong> properties please visit<br />

www.exp1031.com.<br />

IMMEDIATE TRADE AREA<br />

The subject property is strategically located along a highly traveled N Bright Leaf Blvd. (average traffic:<br />

30,000+ cars/day). The subject property is a pad site to a Belk and Dollar Tree anchored shopping center.<br />

Tenants in the immediate area include Wal-Mart (one of the towns largest tax contributors), Lowe’s,<br />

OfficeMax, McDonald’s, Wendy’s, Applebee’s and Hardees among others. Eastfield Commons, a new mixuse<br />

development is being constructed at exit 97. It will have 900,000 SF of retail once completed.<br />

Smithfield is the County seat for Johnston County. It is located in the Coastal Plain of North Carolina<br />

approximately 30 miles east of Raleigh, approximately 125 miles to the eastern coast and 104 miles north of<br />

the South Carolina state line. Smithfield's population increases dramatically during the day hours. Many<br />

people along Interstate 95 stop to shop at the famous "Carolina Outlet Mall“ (less than a 5 minute drive)<br />

and dine at the restaurants. The property benefits from being in the center of Johnston County, North<br />

Carolina’s fastest growing county, along with the easy access, high daily traffic counts and excellent<br />

visibility. Johnston County has grew over 37% between 2000 and 2006, and is predicted to continue<br />

growing at the same rate over the next 5 years.<br />

RALEIGH, NC<br />

Raleigh is the capital city of the state of North Carolina, the seat of Wake County and the second largest city<br />

in North Carolina (after Charlotte). According to the U.S. Census Bureau, the city's estimated population on<br />

July 1 st , 2008 was 401,552, over an area of 114.6 square miles, making Raleigh the 8th fastest growing city<br />

and the 45th largest city in the United States. Raleigh's industry base includes banking/financial services;<br />

electrical, medical, electronic and telecommunications equipment; clothing and apparel; food processing;<br />

paper products; and pharmaceuticals. The city is a major retail shipping point for eastern North Carolina and<br />

a wholesale distributing point for the grocery industry.<br />

List Price: $539,000<br />

CAP Rate (Existing): 9.5%<br />

Building Area: 6,400 + SF<br />

Building Price / SF: $84 + PSF<br />

Land Area: 1.10+ Acres<br />

Land Price / SF: $11.25 + PSF<br />

Year Built: 1990<br />

Ownership: Fee Simple<br />

LEASE OVERVIEW<br />

Base Rent: $51,200 / Year<br />

Annual Rental Rate: $8 PSF<br />

Rent Commencement: Close of Escrow<br />

<strong>BLOCKBUSTER</strong> <strong>Video</strong><br />

Primary Term: 10 Years*<br />

315 Greenville Blvd. SE, Greenville, NC<br />

Options to Renew: 2, 5-Year<br />

Rent Increases: 10% Every 5 Yrs.<br />

COPYRIGHT © 2010. ALL USE, DISCLOSURE AND/OR REPRODUCTION NOT SPECIFICALLY AUTHORIZED IS PROHIBITED. ALL RIGHTS RESERVED. Retail Real Estate Group dba Retail<br />

Resource Group and <strong>EXP</strong> <strong>Realty</strong> <strong>Advisors</strong> (“Agent”) has presented this confidential Investment Memorandum to assist the recipient in evaluating the “Property” and it is intended for<br />

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<br />

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.<br />

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<br />

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<br />

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;<br />

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,<br />

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<br />

first obtaining a signed confidentiality agreement from such persons to keep such information confidential. The Buyer shall defend, indemnify and hold harmless the seller, Agent and its<br />

affiliates from and against any claims, demands, This information damages, liabilities, has been costs obtained or expenses, from sources including deemed reasonable reliable, attorneys’ however fees, neither relating <strong>EXP</strong> to any <strong>Realty</strong> claim for <strong>Advisors</strong>, a commission, Inc. nor finder’s Retail fee Resource or other Group guarantee, warranty or represent its accuracy.<br />

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.<br />

Tenant: <strong>BLOCKBUSTER</strong> Inc.<br />

Lease Type: Absolute NNN<br />

* Tenant has the right to terminate their lease after year 5


<strong>BLOCKBUSTER</strong> | Corporate Sale-Leaseback | Lumberton, NC<br />

Subject Property<br />

Subject Property<br />

<strong>BLOCKBUSTER</strong> <strong>Video</strong><br />

315 Greenville Blvd. SE, Greenville, NC<br />

This information has been obtained from sources deemed reliable, however neither <strong>EXP</strong> <strong>Realty</strong> <strong>Advisors</strong>, Inc. nor Retail Resource Group guarantee, warranty or represent its accuracy.


<strong>BLOCKBUSTER</strong> | Corporate Sale-Leaseback | Lumberton, NC<br />

<strong>BLOCKBUSTER</strong> <strong>Video</strong><br />

315 Greenville Blvd. SE, Greenville, NC<br />

This information has been obtained from sources deemed reliable, however neither <strong>EXP</strong> <strong>Realty</strong> <strong>Advisors</strong>, Inc. nor Retail Resource Group guarantee, warranty or represent its accuracy.


<strong>BLOCKBUSTER</strong> | Corporate Sale-Leaseback | Lumberton, NC<br />

Tenant Overview<br />

Founded: 1985 Locations: 6,000+<br />

Headquarters: Dallas, TX 2009 Revenue: $4+ Billion<br />

<strong>BLOCKBUSTER</strong> INC. www.blockbuster.com<br />

<strong>BLOCKBUSTER</strong> Inc. (NYSE: BBI, BBI.B), is a leading global provider of in-home movie and game entertainment with over 6,000 stores<br />

throughout the Americas, Europe, Asia and Australia. The Company is one of the strongest and most recognizable entertainment<br />

brands in the world.<br />

<strong>BLOCKBUSTER</strong>'s stores are a ubiquitous neighborhood feature attracting nearly 47 million customers annually. Company-operated<br />

stores are open 365 days a year generally from 10 a.m. to midnight. Merchandise selection, quantity and formats are customized at<br />

the store level to meet the needs and preferences of local customers.<br />

As the media entertainment industry has evolved, so too has <strong>BLOCKBUSTER</strong>. The Company is no longer just a chain of video stores.<br />

While transforming and diversifying its store-base continues as a company priority, <strong>BLOCKBUSTER</strong> now offers convenient access to<br />

media entertainment any where and any way consumers want it – whether in stores, by mail, through vending / kiosks or digitally.<br />

<strong>BLOCKBUSTER</strong> is the only company able to provide convenient access to media entertainment across multiple channels, recognizing<br />

that the same customer may choose different ways to access media entertainment on different nights. Whether a customer selects<br />

traditional stores, by-mail, vending or digital, <strong>BLOCKBUSTER</strong> is uniquely positioned as the only provider to deliver entertainment<br />

content across all channels.<br />

On November 1, 2006, the Company introduced <strong>BLOCKBUSTER</strong> Total Access, a movie rental program that gives online customers<br />

the option of exchanging their DVDs through the mail or returning them to a nearby participating <strong>BLOCKBUSTER</strong>® store in exchange<br />

for free in-store movie rentals. With <strong>BLOCKBUSTER</strong> Total Access, customers no longer have to choose between renting online or<br />

renting in-store, and they never have to be without a movie. <strong>BLOCKBUSTER</strong> has the largest in-store presence of any company in the<br />

movie rental business, a growing online presence, and the capability -- currently, the only capability in the marketplace -- to integrate<br />

bricks-and-mortar with online.<br />

The Company continues to broaden its points of presence. In 2008 <strong>BLOCKBUSTER</strong> announced an alliance with NCR (NYSE: NCR) for<br />

vending, providing customers with a new and convenient option for accessing media entertainment. There are now over 2,000<br />

<strong>BLOCKBUSTER</strong> Express branded kiosks in the market today.<br />

Thinking beyond the box - in the first half of 2009 the Company announced strategic alliances with TiVo (NASDAQ: TIVO), Samsung<br />

and Motorola (NYSE: MOT). <strong>BLOCKBUSTER</strong> anticipates similar opportunities to position the Company as a leader in the distribution of<br />

digital entertainment.<br />

File Photo<br />

<strong>BLOCKBUSTER</strong> <strong>Video</strong><br />

315 Greenville Blvd. SE, Greenville, NC<br />

File Photo<br />

File Photo<br />

This information has been obtained from sources deemed reliable, however neither <strong>EXP</strong> <strong>Realty</strong> <strong>Advisors</strong>, Inc. nor Retail Resource Group guarantee, warranty or represent its accuracy.


<strong>BLOCKBUSTER</strong> | Corporate Sale-Leaseback | Lumberton, NC<br />

Southeastern<br />

Regional Medical<br />

Center<br />

Lumberton<br />

High School<br />

2,170 Students<br />

<strong>BLOCKBUSTER</strong> <strong>Video</strong><br />

315 Greenville Blvd. SE, Greenville, NC<br />

This information has been obtained from sources deemed reliable, however neither <strong>EXP</strong> <strong>Realty</strong> <strong>Advisors</strong>, Inc. nor Retail Resource Group guarantee, warranty or represent its accuracy.<br />

Fayetteville Rd – Traffic: 27,000+ Cars/Day<br />

Twin Oaks


<strong>BLOCKBUSTER</strong> | Corporate Sale-Leaseback | Lumberton, NC<br />

Location Map<br />

<strong>BLOCKBUSTER</strong> <strong>Video</strong><br />

315 Greenville Blvd. SE, Greenville, NC<br />

This information has been obtained from sources deemed reliable, however neither <strong>EXP</strong> <strong>Realty</strong> <strong>Advisors</strong>, Inc. nor Retail Resource Group guarantee, warranty or represent its accuracy.


<strong>BLOCKBUSTER</strong> | Corporate Sale-Leaseback | Lumberton, NC<br />

Demographic Snapshot<br />

Category 1-Mile 3-Mile 5-Mile<br />

Population:<br />

Total Population 3,657 19,540 31,843<br />

Male Population 46.4% 46.9% 48.9%<br />

Female Population 53.6% 53.1% 51.1%<br />

Median Age 44.7 39.5 36.1<br />

Population Density (per sq. mi.) 1,163.0 690.4 405.0<br />

Employees 5,370 17,854 23,593<br />

Establishments 297 1,398 1,709<br />

Income:<br />

Median HH Income $68,197 $39,268 $36,025<br />

Per Capita Income $29,585 $20,034 $17,216<br />

Average HH Income $74,537 $49,919 $45,451<br />

Households:<br />

Total Households 1,368 7,458 11,699<br />

Average Household Size 2.5 2.5 2.6<br />

Household Growth 1990 - 2000 21.7% 8.3% 11.4%<br />

Housing:<br />

Owner Occupied Housing Units 66.8% 56.0% 56.6%<br />

Renter Occupied Housing Units 23.2% 30.2% 29.2%<br />

Vacant Housing Units 10.0% 13.8% 14.3%<br />

<strong>BLOCKBUSTER</strong> <strong>Video</strong><br />

315 Greenville Blvd. SE, Greenville, NC<br />

This information has been obtained from sources deemed reliable, however neither <strong>EXP</strong> <strong>Realty</strong> <strong>Advisors</strong>, Inc. nor Retail Resource Group guarantee, warranty or represent its accuracy.

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