BLOCKBUSTER | Corporate Sale-Leaseback | Easley, SC This information has been obtained from sources deemed reliable, however neither EXP Realty Advisors, Inc. nor Retail Resource Group guarantee, warranty or represent its accuracy. BLOCKBUSTER 5138 Calhoun Memorial Highway, Easley, SC • Priced Well Below Replacement Cost • Brand New, Absolute NNN, 10-Year Corporate Sale-Leaseback with BLOCKBUSTER Inc. (NYSE: BBI) • BLOCKBUSTER Inc.: 6,000+ Stores Worldwide | Revenues $4.6+ Billion in January 2010 • Strategically Located Calhoun Memorial Hwy., A Major Thoroughfare |Traffic: 36,800+ Cars / Day • A 500,000 SF Power Center is Being Constructed Directly East of the Property • Neighboring Retailers include Wal-Mart, Lowe’s, Bi-Lo, Kmart, Ingles and Walgreens Among Others • Greenville, SC is Approximately 12 Miles East of the Property $832,000 | 10% CAP | 6,400 SF | $130 PSF New Corporate Sale-Leaseback 25 Stand Alone Stores Available Throughout the Southeastern U.S. Exclusive Listing Agents: Bob Moorhead | Joe Caputo 212.686.0079 | [email protected] | www.exp1031.com In association with South Carolina Broker of Record: Marc Liles | License # 73130 Subject Property
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Subject Property BLOCKBUSTER Video BLOCKBUSTER · BLOCKBUSTER | Corporate Sale-Leaseback | Easley, SC BLOCKBUSTER Video 315 Greenville Blvd. SE, Greenville, NC This information has
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BLOCKBUSTER Video315 Greenville Blvd. SE, Greenville, NC
This information has been obtained from sources deemed reliable, however neither EXP Realty Advisors, Inc. nor Retail Resource Group guarantee, warranty or represent its accuracy.
BLOCKBUSTER5138 Calhoun Memorial Highway, Easley, SC
• Priced Well Below Replacement Cost• Brand New, Absolute NNN, 10-Year Corporate Sale-Leaseback with BLOCKBUSTER Inc. (NYSE: BBI)• BLOCKBUSTER Inc.: 6,000+ Stores Worldwide | Revenues $4.6+ Billion in January 2010• Strategically Located Calhoun Memorial Hwy., A Major Thoroughfare |Traffic: 36,800+ Cars / Day• A 500,000 SF Power Center is Being Constructed Directly East of the Property• Neighboring Retailers include Wal-Mart, Lowe’s, Bi-Lo, Kmart, Ingles and Walgreens Among Others• Greenville, SC is Approximately 12 Miles East of the Property
$832,000 | 10% CAP | 6,400 SF | $130 PSF
New Corporate Sale-Leaseback25 Stand Alone Stores Available Throughout the Southeastern U.S.
Exclusive Listing Agents: Bob Moorhead | Joe Caputo212.686.0079 | [email protected] | www.exp1031.com
In association with South Carolina Broker of Record: Marc Liles | License # 73130
BLOCKBUSTER Video315 Greenville Blvd. SE, Greenville, NC
This information has been obtained from sources deemed reliable, however neither EXP Realty Advisors, Inc. nor Retail Resource Group guarantee, warranty or represent its accuracy.
List Price: $832,000
CAP Rate (Existing): 10.00%
Building Area: 6,400 + SF
Building Price / SF: $130 + PSF
Land Area: 0.70 + Acres
Land Price / SF: $27 + PSF
Year Built: 1990
Ownership: Fee Simple
LEASE OVERVIEW
Base Rent: $83,200 / Year
Annual Rental Rate: $13 PSF
Rent Commencement: Close of Escrow
Primary Term: 10 Years*
Options to Renew: 2, 5-Year
Rent Increases: 10% Every 5 Yrs.
Tenant: BLOCKBUSTER Inc.
Lease Type: Absolute NNN
* Tenant has the right to terminate their lease after year 5
EXP Realty Advisors and Retail Resource Group as exclusive advisors are pleased to present for sale a singletenant corporate sale-leaseback BLOCKBUSTER. This offering provides investors the unique opportunity ofowning net leased real estate, priced below the building’s replacement cost, with a double digit investmentyield 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 Calhoun Memorial Hwy. (average traffic: 36,800+ cars/day). The property is across the street form a Bi-Lo and Big Kmart anchored shopping center. Easley Town Center, a 500,000 SF power center is being constructed directly east of the property. It will be anchored by Wal-Mart and is scheduled to be complete spring of 2011. Tenants in the immediate trade area include Ingles, Walgreens, CVS, Lowes, Home Depot and Publix among others. Easley is a city in Anderson and Pickens county in the U.S. state of South Carolina. It is a principal city of the Greenville–Mauldin–Easley MSA.
GREENVILLE, SC
Located in the beautiful foothills of the Blue Ridge Mountains, Greenville sits in the northwestern corner of South Carolina about 20 miles west of where Interstate 85 crosses Interstate 26. The city is part of an eight county CSA commonly referred to as the “Upstate”, and is centrally situated between two of the largest cities in the Southeast, Charlotte and Atlanta. It is currently the fastest growing city in the state and has become one of the most rapidly growing areas in the country. 2008 statistics show that Greenville County is South Carolina’s most populous county with more than 350,000 residents and approximately 56,000 of those residents live within the Greenville city limits. The City of Greenville ranks 12th in the state for cities with 5,000 or more population. The city's official population estimate is 84,986 residents (July 2009). The Greenville Metro Area includes 183,000 people.
With more than 250 international firms and over 100 Fortune 500 companies, Greenville boasts the highest international investment per capita in the nation and is considered to be the economic center of the Upstate. The city has annexed over 1,700 acres of development property since 2002, including both private and public projects such as the Millennium Campus and the International Center for Automotive Research.
BLOCKBUSTER Video315 Greenville Blvd. SE, Greenville, NC
This information has been obtained from sources deemed reliable, however neither EXP Realty Advisors, Inc. nor Retail Resource Group guarantee, warranty or represent its accuracy.
BLOCKBUSTER Video315 Greenville Blvd. SE, Greenville, NC
This information has been obtained from sources deemed reliable, however neither EXP Realty Advisors, Inc. nor Retail Resource Group guarantee, warranty or represent its accuracy.
BLOCKBUSTER Video315 Greenville Blvd. SE, Greenville, NC
This information has been obtained from sources deemed reliable, however neither EXP Realty Advisors, Inc. nor Retail Resource Group guarantee, warranty or represent its accuracy.
Tenant Overview
BLOCKBUSTER INC. www.blockbuster.com
BLOCKBUSTER Inc. (NYSE: BBI, BBI.B), is a leading global provider of in-home movie and game entertainment with over 6,000 storesthroughout the Americas, Europe, Asia and Australia. The Company is one of the strongest and most recognizable entertainment brands in the world.
BLOCKBUSTER's stores are a ubiquitous neighborhood feature attracting nearly 47 million customers annually. Company-operated stores are open 365 days a year generally from 10 a.m. to midnight. Merchandise selection, quantity and formats are customized at the store level to meet the needs and preferences of local customers.
As the media entertainment industry has evolved, so too has BLOCKBUSTER. The Company is no longer just a chain of video stores. While transforming and diversifying its store-base continues as a company priority, BLOCKBUSTER now offers convenient access to media entertainment any where and any way consumers want it – whether in stores, by mail, through vending / kiosks or digitally.
BLOCKBUSTER is the only company able to provide convenient access to media entertainment across multiple channels, recognizing that the same customer may choose different ways to access media entertainment on different nights. Whether a customer selects traditional stores, by-mail, vending or digital, BLOCKBUSTER is uniquely positioned as the only provider to deliver entertainment content across all channels.
On November 1, 2006, the Company introduced BLOCKBUSTER Total Access™, a movie rental program that gives online customers the option of exchanging their DVDs through the mail or returning them to a nearby participating BLOCKBUSTER® store in exchange for free in-store movie rentals. With BLOCKBUSTER Total Access, customers no longer have to choose between renting online or renting in-store, and they never have to be without a movie. BLOCKBUSTER has the largest in-store presence of any company in themovie rental business, a growing online presence, and the capability -- currently, the only capability in the marketplace -- to integrate bricks-and-mortar with online.
The Company continues to broaden its points of presence. In 2008 BLOCKBUSTER announced an alliance with NCR (NYSE: NCR) for vending, providing customers with a new and convenient option for accessing media entertainment. There are now over 2,000 BLOCKBUSTER Express branded kiosks in the market today.
Thinking beyond the box - in the first half of 2009 the Company announced strategic alliances with TiVo (NASDAQ: TIVO), Samsung and Motorola (NYSE: MOT). BLOCKBUSTER anticipates similar opportunities to position the Company as a leader in the distribution of digital entertainment.
BLOCKBUSTER Video315 Greenville Blvd. SE, Greenville, NC
This information has been obtained from sources deemed reliable, however neither EXP Realty Advisors, Inc. nor Retail Resource Group guarantee, warranty or represent its accuracy.
BLOCKBUSTER Video315 Greenville Blvd. SE, Greenville, NC
This information has been obtained from sources deemed reliable, however neither EXP Realty Advisors, Inc. nor Retail Resource Group guarantee, warranty or represent its accuracy.
BLOCKBUSTER Video315 Greenville Blvd. SE, Greenville, NC
This information has been obtained from sources deemed reliable, however neither EXP Realty Advisors, Inc. nor Retail Resource Group guarantee, warranty or represent its accuracy.
Demographic Snapshot
Category 1-Mile 3-Mile 5-Mile
Population:
Total Population 2,749 22,064 49,148
Male Population 48.0% 48.7% 49.0%
Female Population 52.1% 51.3% 51.0%
Median Age 41.2 40.2 39.0
Population Density (per sq. mi.) 874.1 779.5 625.1