BLOCKBUSTER Video BLOCKBUSTER - EXP Realty Advisors

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