BLOCKBUSTER Video BLOCKBUSTER - EXP Realty Advisors

BLOCKBUSTER 4365 Fayetteville | Corporate Rd, Lumberton, Sale-Leaseback NC|
Lumberton, NC
OFF I-95, AT N ROBERTS AVE
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 N Bright Leaf Blvd. (average traffic:
30,000+ cars/day). The subject property is a pad site to a Belk and Dollar Tree anchored shopping center.
Tenants in the immediate area include Wal-Mart (one of the towns largest tax contributors), Lowe’s,
OfficeMax, McDonald’s, Wendy’s, Applebee’s and Hardees among others. Eastfield Commons, a new mixuse
development is being constructed at exit 97. It will have 900,000 SF of retail once completed.
Smithfield is the County seat for Johnston County. It is located in the Coastal Plain of North Carolina
approximately 30 miles east of Raleigh, approximately 125 miles to the eastern coast and 104 miles north of
the South Carolina state line. Smithfield's population increases dramatically during the day hours. Many
people along Interstate 95 stop to shop at the famous "Carolina Outlet Mall“ (less than a 5 minute drive)
and dine at the restaurants. The property benefits from being in the center of Johnston County, North
Carolina’s fastest growing county, along with the easy access, high daily traffic counts and excellent
visibility. Johnston County has grew over 37% between 2000 and 2006, and is predicted to continue
growing at the same rate over the next 5 years.
RALEIGH, NC
Raleigh is the capital city of the state of North Carolina, the seat of Wake County and the second largest city
in North Carolina (after Charlotte). According to the U.S. Census Bureau, the city's estimated population on
July 1 st , 2008 was 401,552, over an area of 114.6 square miles, making Raleigh the 8th fastest growing city
and the 45th largest city in the United States. Raleigh's industry base includes banking/financial services;
electrical, medical, electronic and telecommunications equipment; clothing and apparel; food processing;
paper products; and pharmaceuticals. The city is a major retail shipping point for eastern North Carolina and
a wholesale distributing point for the grocery industry.
List Price: $539,000
CAP Rate (Existing): 9.5%
Building Area: 6,400 + SF
Building Price / SF: $84 + PSF
Land Area: 1.10+ Acres
Land Price / SF: $11.25 + PSF
Year Built: 1990
Ownership: Fee Simple
LEASE OVERVIEW
Base Rent: $51,200 / Year
Annual Rental Rate: $8 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