BLOCKBUSTER Video BLOCKBUSTER - EXP Realty Advisors

BLOCKBUSTER | Corporate Sale-Leaseback | Rock Hill, SC (Charlotte MSA) 

Subject Property 

New Corporate Sale-Leaseback 

25 Stand Alone Stores Available Throughout the Southeastern U.S. 

BLOCKBUSTER Video 

1801 315 Cherry Greenville Rd., Rock Blvd. Hill, SE, SC Greenville, | Charlotte NC MSA 

• Priced Well Below Replacement Cost 

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

• BLOCKBUSTER Inc.: 6,000+ Stores Worldwide | Revenues $4.6+ Billion in January 2010 

• Strategically Located Along Cherry Rd. (Hwy. 322 - Traffic: 28,500+ Cars/Day) | Adjacent to Sullivan Middle School 

• Outparcel to Neighborhood Shopping Center | Tenants Include: Compare Foods, Dollar General, CiCi’s Pizza 

• Other Tenants in Immediate Area Include: KMART, BI-LO, Big Lots, Office Depot, Chick-Fil-A, Bank of America 

• Rock Hill is Located 25-Miles South of Charlotte & is the 4th Largest City in the State of South Carolina 

• Average HH Income (1-Mile Radius): $64,590 2009 US Census 

• Charlotte MSA is the 2nd Largest Banking Hub Behind NYC & 4th $548,000 | 10.5% CAP | 6,400 SF | $86 PSF 

Largest Manufacturing Region in the US 

Exclusive Listing Agents: Bob Moorhead | Joe Caputo 

212.686.0079 | joe@exp1031.com | www.exp1031.com 

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

In association with South Carolina Broker of Record: Mark Liles | License # 73130


1800 Cherry Rd, Rock Hill, SC 

INTERSECTION OF CHERRY RD & EBINPORT RD 

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 strategically located along a highly traveled Cherry Road (average traffic: 28,500+ 

cars/day) at Ebinport Road. The subject property is directly across from Sullivan Middle School with enrollment 

numbers in excess of 1,000 students. The BLOCKBUSTER site is an outparcel to Cherry Park Centre Shopping 

Center and is anchored by Compare Foods, Dollar General and CiCi’s Pizza. Other neighboring tenants within the 

immediate area include KMART, BI~LO, Big Lots, Office Depot, Family Dollar, AutoZone, Chick-Fil-A, Arby’s and 

Bank of America. 

ROCK HILL, SC 

Rock Hill, known as the Gateway to South Carolina, is a suburb of Charlotte and sits in the north central part of 

South Carolina; approximately 25 miles south of Charlotte and approximately 70 miles north of Columbia. It is the 

largest city in York County and the fourth largest city in the state. The city of Rock Hill is also the third largest city 

of the Charlotte, MSA behind Gastonia and Charlotte. Rock Hill is located. As the commercial center of this 

region, this city is home to numerous businesses and institutions, including the renowned campus of Winthrop 

University, with an annual enrollment of over 6,000 students. According to Rock Hill Economic Development the 

2008 population estimate was 67,339 residents, while the 2020 population forecast is around 93,810 residents. 

CHARLOTTE MSA 

The Charlotte Metropolitan Statistical Area is a region of North and South Carolina within and surrounding the 

city of Charlotte. Charlotte MSA is the United States' second largest banking and financial hub, behind New York 

City. It is also the Carolinas' largest manufacturing region and 4 th largest in the US. These approximately 1,857 

manufacturing firms employ over 70,000 workers and ship over $43 Billion in goods annually. 

List Price: $548,000 

CAP Rate (Existing): 10.50% 

Building Area: 6,400 + SF 

Building Price / SF: $86 + PSF 

Land Area: 1.38 + Acres 

Land Price / SF: $9.12 + PSF 

Year Built: 1989 

Ownership: Fee Simple 

LEASE OVERVIEW 

Base Rent: $57,600 / Year 

Annual Rental Rate: $9 PSF 

Rent Commencement: Close of Escrow 


Primary Term: 10 Years* 

315 Greenville Blvd. SE, Greenville, NC 

Options to Renew: 2, 5-Year 

Rent Increases: 10% Every 5 Yrs. 

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

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. 

Tenant: BLOCKBUSTER Inc. 

Lease Type: Absolute NNN 

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







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


Adjacent to Subject Property 

Adjacent to Subject Property 





Tenant Overview 

Founded: 1985 Locations: 6,000+ 

Headquarters: Dallas, TX 2009 Revenue: $4+ Billion 

BLOCKBUSTER INC. www.blockbuster.com 

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

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

brands in the world. 

BLOCKBUSTER's stores are a ubiquitous neighborhood feature attracting nearly 47 million customers annually. Company-operated 

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

the store level to meet the needs and preferences of local customers. 

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

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

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

BLOCKBUSTER is the only company able to provide convenient access to media entertainment across multiple channels, recognizing 

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

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

content across all channels. 

On November 1, 2006, the Company introduced BLOCKBUSTER Total Access, a movie rental program that gives online customers 

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

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

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

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

bricks-and-mortar with online. 

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

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

BLOCKBUSTER Express branded kiosks in the market today. 

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

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

digital entertainment. 

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Subject 

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Sullivan 

Middle 

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Location Map 





Demographic Snapshot 

Category 1-Mile 3-Mile 5-Mile 

Population: 

Total Population 8,158 53,274 98,734 

Male Population 46.4% 45.9% 46.7% 

Female Population 53.6% 54.1% 53.3% 

Median Age 35.1 32.3 34.6 

Population Density (per sq. mi.) 2,596.9 1,884.2 1,257.1 

Employees 2,822 30,156 45,946 

Establishments 336 2,711 4,004 

Income: 

Median HH Income $50,126 $48,345 $52,966 

Per Capita Income $26,825 $25,940 $26,466 

Average HH Income $64,590 $66,642 $70,743 

Households: 

Total Households 3,321 20,240 36,316 

Average Household Size 2.40 2.48 2.63 

Household Growth 1990 - 2000 26.7% 21.9% 22.3% 

Housing: 

Owner Occupied Housing Units 44.8% 42.8% 50.7% 

Renter Occupied Housing Units 45.1% 46.6% 39.3% 

Vacant Housing Units 10.1% 10.7% 10.0%

BLOCKBUSTER Video BLOCKBUSTER - EXP Realty Advisors

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