BLOCKBUSTER & Papa John's
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Property Type:
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Retail-Commercial
for Sale
Free-Standing Building
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| Building Size (RSF): |
6,400 SF
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| Sale Price: |
$640,000 |
| Unit Price: |
$100.00 Per SF |
| Property Status: |
Existing |
| Total Land Size: |
0.74 Acres |
| Sale Terms: |
Sale/Leaseback |
| Cap Rate: |
10.0% |
| Last Updated: |
8/20/2010 |
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EXP Realty Advisors and Retail Resource Group as exclusive advisors are pleased to present for sale a stand alone building, currently owned and 77% occupied by BLOCKBUSTER corporate and 33% by a Papa John’s franchisee. Upon closing, BLOCKBSUTER corporate will enter into a brand new 10-year absolute NNN lease on their current space. This offering provides investors the unique opportunity of owning net leased real estate that is priced well below the building’s replacement cost. 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 EXP's website.
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| Nearest MSA: |
Greensboro-High Point |
| County: |
Randolph |
| Property Use Type: |
Net Leased Investment (NNN) |
| Area Description: |
The subject property is strategically located along a highly traveled East Dixie Dr (average traffic: 25,000+ cars/day) at an intersection with Highway 42. Located just east of the property is the 397,000 SF regional Randolph Mall which is anchored by Belk, Cinemark Cinema, Dillard's, JC Penney, Sears. Other tenants in the immediate area include Wal-Mart Supercenter, Lowe’s, Big Lots, Hobby Lobby, Advance Auto, Taco Bell and CVS among others. Also located approximately 3 miles west is Randolph Community College with an annual enrollment of over 11,000 students (including credit and non-credit students).
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| Year Built: |
1990 |
2000 CensusDemographic Statistics |
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
2,652 |
20,595 |
37,221 |
| Median Age: |
37 |
36 |
35 |
| Households: |
956 |
8,367 |
14,741 |
| Avg. Household Income: |
$47,109 |
$43,149 |
$45,132 |
| More Demographic Statistics |
For More Information, Contact… |
| Note: The information presented herein is provided as is, without warranty of any kind. Neither Commercial IQ nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.
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