Property details
Blockbuster Video, Great Lakes - Big Rivers Region
Property Description
Located near a Bay at the juncture of two major freeways. The city is a major recreation and entertainment center. As the county seat and largest municipality in County, this City has been a center of commerce, industry, government, and culture.
There is a broad economic base supported by well-known companies. The city is experiencing a renaissance on the River, but it is also a living museum with a vibrant history.
About the Tenant
Blockbuster Inc. (NYSE: BBI and BBI.B) is a leading global provider of in-home movie and game entertainment, with over 8,000 stores throughout the Americas, Europe, Asia, and Australia. The 6,500 square foot facility was built and opened in 1992 at the B
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Highlights
- Status:
- Available
- Price:
- $1,400,000
- PSF:
- $215
- Cap Rate:
- 7.40%
- Annual Rent:
- $103,500
- Rent Increases:
- When next two year option is exercised rent increases to $106,795 per year.
Property Information
- Building Size:
- 6,500 sq.ft.
- Property Type:
- Net Lease
- Industry Type:
- Retail
- Units/Spaces:
- 1
- Year Built:
- 1992
- Land Area:
- 25,000.00 acres
- Purchase Tenure:
- Fee Simple
Lease information
- Tenant:
- Blockbuster Video
- Lease Type:
- NNN
- Lease Commencement:
- 1/1/2006
- Lease Expiration:
- 12/31/2007
- Lease Term:
- 1 years
- Years Remaining:
- -2 years
- Landlord Responsibilities:
- None
- Options:
- 2 year option just exercised. One more two year option in place (1/1/2008 through 12/31/2009).
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.