Property details
Circuit City For Sale, Southwest Region
Property Description
Circuit City For Sale
• Opening Date is 11-30-07
New Freestanding Circuit City and part of a Target-anchored center. There is also a free standing Ulta For Sale that is available and can be purchased with this Circuit City as a package or separately. The seller prefers to sell the Circuit City by the end of the year, however, they would consider selling them the two properties together.
Properties related to Circuit City For Sale
» Search for all properties related to Circuit City For Sale by using our PROPERTY SEARCH, expand the Property Types, then check the boxes for "Single Tenant" and "Ground Lease".
About the Tenant
Circuit City Stores, Inc. operates as a specialty retailer of consumer electronics, home office products, entertainment software, and related services. It sells brand-name consumer electronics, personal computers, entertainment software, and related services in Circuit City stores in the United States and via Web sites, www.circuitcity.com and www.firedog.com. As of February 28, 2007, it operated 642 superstores and 12 other stores in 158 U.S. media markets. The company also offers private-label and brand-name consumer electronic products in Canada. It conducted business through 806 retail stores and dealer outlets, which consisted of 509 company-owned stores, 296 dealer outlets, and 1 Battery Plus store, as well as operated a Web site, www.thesource.ca. The company was founded in 1949 and is headquartered in Richmond, Virginia.
Images
Highlights
- Status:
- Available
- Price:
- $6,625,000
- PSF:
- $219
- Cap Rate:
- 6.50%
- Annual Rent:
- $430,635
- Rent Increases:
- None
Property Information
- Building Size:
- 30,220 sq.ft.
- Property Type:
- Net Lease
- Industry Type:
- Retail
- Units/Spaces:
- 1
- Year Built:
- 2007
- Purchase Tenure:
- Fee Simple
Lease information
- Tenant:
- Circuit City
- Lease Type:
- NN
- Lease Commencement:
- 11/30/2007
- Lease Expiration:
- 10/31/2017
- Lease Term:
- 10 years
- Years Remaining:
- 8 years
- Landlord Responsibilities:
- Roof & Structure
- Options:
- None
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.