Property details

Blockbuster, Southeast Region

Property Description

Net leased, Blockbuster investment opportunity. A perfect 1031 exchange property, this offering consists of a 5,995 square foot building on 0.62 acres developed in 1987. The property is strategically positioned at the entrance to a neighborhood shopping center at a major intersection. The subject property is located directly across the street from a High School, one of the state's most sought after schools. The property benefits from an excellent location with convenient access, frontage with high visibility, and strong demographics and traffic counts.

National restaurants in the trade area include: Walgreens, LA Fitness (coming soon), Chic-fil-A, Pizza Hut, Quiznos, Buffalos Cafe, SunTrust, Burger King, McDonalds, Bank of America, Dunkin Donuts, Jiffy Lube, Just Brakes, Shell, and Big Lots.

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Highlights

Status:
Available
Price:
$1,640,000
PSF:
$274
Cap Rate:
7.50%
Annual Rent:
$122,898
Rent Increases:
None
 

Property Information

Building Size:
5,995 sq.ft.
Property Type:
Net Lease
Industry Type:
Retail
Units/Spaces:
1
Year Built:
1987
Land Area:
0.62 acres
Purchase Tenure:
Fee Simple
 

Lease information

Tenant:
Blockbuster
Lease Type:
NNN
Lease Commencement:
10/1/2003
Lease Expiration:
9/30/2008
Lease Term:
5 years
Years Remaining:
-1 years
Landlord Responsibilities:
None
Options:
1, 5-year option remains
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.