BLOCKBUSTER Video BLOCKBUSTER - EXP Realty Advisors

BLOCKBUSTER | 903 Beckford Drive| Henderson, NC
903 Beckford Drive, Henderson, North Carolina
INTERSECTION OF DABNEY DR & BECKFORD DR
INVESTMENT OVERVIEW
EXP Realty Advisors and Retail Resource Group as exclusive advisors are pleased to present for sale a stand
alone building currently owned and operated by BLOCKBUSTER. At buyer’s discretion, BLOCKBUSTER will
continue to operate at this location for up to 12 months after the close of escrow date. Both Buyer and
Seller will have the right to terminate the lease with 90 days written notice. This offering provides investors
with the unique opportunity to purchase a stand alone building, priced well below replacement cost and
the flexibility of leasing to a single tenant or converting the space to a multi-tenant layout.
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 strategically located off of Interstate Highway-85 at Dabney Drive. Average traffic
counts at the subject property are in excess of 53,000+ per day. The subject property sits on the southeast
corner of Beckford Drive and Beckford and is anchored by Marketplace Cinema. Other tenants in the
immediate area include Wal-Mart, Lowes, Staples, Food Lion, Wendy’s, Denny’s, Bojangles, Chick-Fil-A and
many other regional and national retailers.
HENDERSON, NC
Located 32 miles north of the capital city of Raleigh and 17 miles south of the Virginia border, Henderson,
North Carolina and is the county seat of Vance County. Kerr Lake, with over 850 miles of shoreline, is one of
the largest and most beautiful lakes in the southeast and located in Vance County. Henderson is a rural
town rich with history. Though Henderson has historically relied heavily on the tobacco, cotton and textile
industries for jobs and economic growth, in recent years the retail market has been one of its major growth
sectors. With its centralized location along Interstate 85 and U.S. 1, outstanding water supply, mild climate,
excellent medical, recreational and educational facilities and stable work force, Henderson continues to be
an attractive location to businesses, developers and individuals alike.
The city has a population of 16,095 according to the 2000 census and has a total area of 8.2 square miles.
OFFERING SUMMARY
List Price: $400,000
Building Area: 4,800 + SF
Building Price / SF: $83 + PSF
Land Area: 0.84 + Acres
Land Price / SF: $10 + PSF
Year Built: 1991
Ownership: Fee Simple
SHORT TERM LEASE – BUYER OPTION
Tenant: BLOCKBUSTER Inc.
Term: 6-12 Months*
Rent: $28,800 / Year
Rent / SF: $6 + PSF
BLOCKBUSTER Video
* Property delivered vacant with 90 days notice
315 Greenville Blvd. SE, Greenville, NC
Subject Property
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 agreement from such persons to keep such information confidential. The Buyer shall defend, indemnify and hold harmless the 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, This finder’s information fee or has other been compensation obtained from by any sources broker or deemed other person reliable, dealing however with the neither Buyer. EXP The Realty Property Advisors, is being Inc. sold nor on an Retail “as-is, Resource where-is” Group and “with guarantee, all faults” warranty basis. or represent its accuracy.