1706 Old Fort Pky - Movie Theatre FOR SALE


Murfreesboro, TN 37129
$10,705,986 USD
949-903-3399
1706 Old Fort Pky, Murfreesboro, TN for Sale
$10,705,986 USD
Movie Theatre - FOR SALE
1/6
null | 7.35% Cap Rate

1706 Old Fort Pky
Murfreesboro, TN 37129


HIGHLIGHTS

  • Long Term NN Corp. Lease by AMC Theaters (NYSE: AMC) - 9+ Yrs./3-5 Yr. Options - Market CAP $950M
  • Highly Coveted Nashville Suburb - Path of Population/Residential Growth - One of Fastest Growing Areas
  • High Profile Anchor PAD to Stones River Town Centre (671K SF) - Surrounded by Walmart/Home Depot/Target
  • Ranked #11 as “Fastest Growing Cities in the U.S.” (2023) - Over 48% Population Growth 2010-2023
  • Best in Class National Brand - Huge Sales Growth back to Pre-COVID Volume - 900+ Locations in U.S.
  • Large Parcel (2.84 Acres) - Minimal LL Duties - Prominent Visibility on Hwy 96 - Depreciable Tax Benefit

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer to investors a great opportunity to acquire the AMC at Stones River Town Centre in Murfreesboro, TN. The long-term net leased movie theatre has over 9 lease years remaining in the primary term with base rent increases every 5 years including the three 5 year option terms. The 48,926 SF building comprises nine state-of-the-art screens for nearly 1,000 guests in both standard seating and AMC signature recliners. The subject property is an anchor tenant of Stones River Town Centre (607,000 SF regional shopping center) and is strategically located on Old Fort Parkway, which sees over 39,000 VPD, and is only a mile from Interstate 24 (126,500 VPD). Located within the rapidly expanding Nashville MSA (1.3 million residents), with population growth projected to exceed 3% annually over the next several years. Murfreesboro is projected to grow by approximately 67,000 residents in the next 10 years. The city plans to create 42,958 of additional housing units by 2035 to accommodate employment and population growth. Numerous national retailers surround the asset including Walmart Supercenter, Target, The Home Depot, Lowe’s Home Improvement, JCPenney, Dillard’s, Strike and Spare Family Entertainment Center, Hobby Lobby, McDonald’s, Chick-fil-A, Starbucks, Panera Bread, Wendy’s, and more. This is an excellent opportunity to purchase a long-term net leased movie theatre in a dominant Murfreesboro location with contractual rental increases, limited landlord responsibilities, and strong retail synergies providing years of inflation resistant income.

FOR SALE DETAILS

PRICE

$10,705,986 USD

PRICE/SF

$219 USD /SF

CAP RATE

7.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AMC Stones River 9

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Movie Theatre

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

500

LAND DETAILS

LAND ACRES

2.84 AC

LAND SF

123,710 SF

ZONING

Com

APN/PARCEL ID

091I-A-018.00-000

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Eric CarltonColliersMore Info
949-903-3399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.