AMC THEATRE 1210 Scenic Hwy N - Lawrenceville, GA - LoopNet
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AMC THEATRE
1210 Scenic Hwy N
Law r enceville, G A
A CT U A L PR O PE R T Y
AMC THEATRE | LAWRENCEVILLE, GEORGIA
ON MARKET:
A M C T H E AT R E I N L AW R E N C E V I L L E , G E O R G I A
A CTU AL PROPERTY
INVESTMENT HIGHLIGHTS
AMC Theatre in Lawrenceville, GA Ideally Located Along The Strong Retail Corridor of Scenic Highway
30 MILES NORTHEAST OF DOWNTOWN ATLANTA MORE THAN 36,500 VEHICLES PER DAY (VPD)
Long Term Triple Net Lease (NNN) | 12 Years Remaining Strong Retail Corridor
ZERO LANDLORD RESPONSIBILITIES MORE THAN 1.4 MILLION SQUARE FEET OF RETAIL DEVELOPMENT WITHIN 1.5 MILES
ALONG SCENIC HWY
Hedge Against Inflation
AMC FEATURES A SIGNIFICANT BASE RENT INCREASE IN 2022 Significant Capital Commitment to the Area
MORE THAN $120 MILLION IN PLANNED COMMERCIAL DEVELOPMENT IN
Strong Local Demographics
LAWRENCEVILLE
AVERAGE HOUSEHOLD INCOME GREATER THAN $104,000 WITHIN A MILE
Strong Store Sales
High Growth Market
LAWRENCEVILLE AMC SALES ARE CONSISTENTLY ABOVE THE AMC NATIONAL
RESIDENTIAL POPULATION INCREASE OF 13% SINCE 2010
AVERAGE
2
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
AMC THEATRE | LAWRENCEVILLE, GEORGIA
FINANCIAL OVERVIEW 1210 SCENIC HWY N
LAWRENCEVILLE, GEORGIA
PRICE $17,068,966
CAP RATE 7.25%
NOI $1,237,500
SUBJECT PROPERTY
PRICE PER SQUARE FOOT $308.48
RENT PER SQUARE FOOT $22.36
YEAR BUILT 2016
APPROXIMATE LOT SIZE 8.49 Acres
GROSS LEASEABLE AREA 55,332
TYPE OF OWNERSHIP Fee Simple
AC T U AL P ROP E R T Y
American Multi-Cinema,
LEASE GUARANTOR
Inc (Corporate) ANNUALIZED OPERATING DATA
LEASE TYPE Triple Net (NNN) BASE RENT ANNUAL RENT MONTHLY RENT
CURRENT 12/31/2021 $1,237,500 $103,125
ROOF AND STRUCTURE Tenant Responsibility
*Rent Increase on 1/1/2022. Lesser of 5% or 1.25x 5 Year CPI. Every 5 Years
3
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
AMC THEATRE - Lawrenceville, Georgia K WY
A FP
R LO 20
GA
SU
VILLAGE SHOPPES OF SUGARLOAF
SW
RD 124
M
C KU
T RI
K S
F OR
VE
FI A C CREWS MIDDLE SUBJECT PROPERTY
SCHOOL
20
PD
CELEBRATION VILLAGE
367 UNIT ASSISTED
00 V
LIVING DEVELOPMENT
SW
36,5
R
ED
S ID
LL
THE SHOPPES AT WEBB GIN
HI COUCH MIDDLE
N
SCHOOL
WY
IC H
BEN
NET
SCEN
D T R
S ER D
H OU
RO N
NA GI 124
LD B
EB
W
RE
AG
AN
PRESIDENTIAL COMMONS RD
PK
V IEW
LAKE
W
Y
PRESIDENTIAL MARKETS
BROOKWOOD
HIGH SCHOOL
SCENIC SQUARE
124
AMC THEATRE | LAWRENCEVILLE, GEORGIA
LEASE SUMMARY
LEASE COMMENCEMENT DATE 6/1/2012
LEASE EXPIRATION DATE 5/31/2032
LEASE TERM 20 Years
SUBJECT PROPERTY
TERM REMAINING 12 Years
Every 5 Years, Lesser of
INCREASES
5% or1.25x 5 Year CPI
OPTIONS TO RENEW Four, 5-Year Options
124
PD
Y N
0V
HW
,50
NIC
36
SCE
124
ACT UA L PROPE RTY AC T U AL P ROP E R T Y
5
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
AMC THEATRE | LAWRENCEVILLE, GEORGIA
TENANT OVERVIEW
AMC Theatres is an American movie theatre chain headquartered in Leawood, Kansas. AMC
OVERVIEW
was founded in 1920 and has the largest share of the American theater market ahead of
Regal Entertainment Group and Cinemark Theatres. AMC Theatres has grown to having TENANT TRADE NAME AMC
more than 905 locations, serving more than 200 million guests each year with the best
OWNERSHIP Public
movie-going experience in the industry. After acquiring Odeon Cinemas, UCI Cinemas and
Carmike Cinemas in 2016, AMC became the largest movie theater chain in the world. AMC LEASE GUARANTOR American Multi-Cinema, Inc (Corporate)
has over 8,200 screens in 661 theatres in the United States and more than 2,200 screens NUMBER OF LOCATIONS 661+
in 244 theatres in Europe. The company has estimated annual revenues in excess of $5.08
HEADQUARTERED Leawood, KS
billion and more than 39,800 employees, both part and full-time.
WEB SITE https://www.amctheatres.com/
SALES VOLUME $5.5 Billion (2018)
STOCK SYMBOL AMC
BOARD NYSE
SUBJECT PROPERTY
ACTU AL PROPERTY AC T U AL P R OP E R T Y
6
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
AMC THEATRE | LAWRENCEVILLE, GEORGIA
A B O U T L AW R E N C E V I LL E
Lawrenceville is a city and the county seat of Gwinnett County, Georgia, United States. It is a suburb of Atlanta, located approximately 30 miles northeast of downtown. Chosen because of
several nearby springs, Lawrenceville’s original town square remains the heart of downtown. With the inception of the first courthouse, which was built in 1824, and the layout of adjacent
property, the farming community took shape and expanded. As Atlanta boomed, the sleepy suburbs came alive. During the 1980s, Gwinnett repeatedly ranked first among the fastest growing
counties in the United States. Consequently, Lawrenceville hustled and bustled alongside her sister cities.
The 2006 opening of Georgia Gwinnett College-the nation’s first four-year public college created in the 21st Century and Georgia’s first four-year public college established in over 100 years-
has further enhanced the appeal of Lawrenceville for students, educators, professionals, and business leaders. The liberal arts institution offers bachelor and associate degrees, as well as
graduate programs, in conjunction with the University of Georgia and Georgia Perimeter College.
From services to sports, like the Gwinnett Medical Center, the Gwinnett Justice and Administration Center, Georgia Gwinnett College, Gwinnett Technical College, and the Gwinnett Braves
Minor League Baseball, Lawrenceville covers all bases for residents and visitors alike.
THE SHOPPES AT WEBB GIN
124
36 ,5 00 V P D
SCENIC
HWY N
124
SUBJECT PROPERTY
ACT U AL PROPERTY
7
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
AMC THEATRE
5-Mile
3-Mile
ATLANTA
25 MILES FROM SUBJECT
1-Mile
ATLANTA
1-Mile 3-Mile 5-Mile 1-Mile 3-Mile 5-Mile 1-Mile 3-Mile 5-Mile
2000 Population 4,116 46,638 118,777 2000 Households 1,313 15,170 39,716 2019 Average HH Income $107,491 $100,350 $85,391
2010 Population 7,293 64,043 164,103 2010 Households 2,441 21,286 54,591 2019 Median HH Income $86,984 $82,720 $69,867
2019 Population 8,321 72,723 185,386 2019 Households 2,765 24,045 61,314 2019 Per Capita Income $35,718 $33,180 $28,242
2024 Population 8,920 77,904 198,450 2024 Households 2,958 25,710 65,507
B R OKE R HE REBY AD VI SES ALL P R O S PECTIV E PU R CHA S ER S O F N ET L EA S ED P R O P E R T Y A S F O L L O WS: T h e i n f o rm a ti o n c ontained in the follow ing Mar ket i ng B r o chur e i s p r o p r i et ar y and s t r i ct l y co nf i d ent ia l . I t i s i n t e n de d t o be re v i e w e d on l y by t h e pa rt y r e ce i vi n g i t f ro m B r oker and should not be ma d e avai l ab l e t o any o t her p er s o n o r ent i t y w i t ho ut t he w ri t t e n c on s e n t of Brok e r. T h i s Ma rke ti n g Brochur e has b een pr epar ed t o p r o vi d e s um m ar y, unver i f i ed i nf o r m at i o n t o p r o s p ect i v e pu rc h a s e rs , a n d t o e s t a bl i s h on l y a pre l i m i n a ry l e v e l o f i n te re st i n the sub ject pr oper ty . The inf o r m at i o n co nt ai ned her ei n i s no t a s ub s t i t ut e f o r a t h orou g h du e di l i g e n c e i n v e s t i g a t i on . Brok e r h a s n ot m a d e a n y i n ve sti gation, and makes no w ar r anty o r r ep r es ent at i o n, w i t h r es p ect t o t he i nco m e o r ex p e n s e s for t h e s u bj e c t prope rt y , t h e fu t u re proj e c t e d f i n a nc i a l pe rf o rm ance of the p r oper ty , the s i z e and s q uar e f o o t age o f t he p r o p er t y and i m p r o vem e n t s , t h e pre s e n c e or a bs e n c e of c on t a m i n a t i n g su b s ta n c e s, PCB’s or asbestos, the comp liance w i t h St at e and F ed er al r egul at i o ns , t he p hys i cal co nd i t i on of t h e i m prov e m e n t s t h e re on , or t h e fi n a n c i a l co n di ti o n o r bu si ness pr ospects of any tenant , o r any t enant ’s p l ans o r i nt ent i o ns t o co nt i nue i t s oc c u pa n c y of t h e s u bj e c t prope rt y . T h e i n form a t i on co n ta i n e d i n th i s Mar keting B r ochur e has b ee n o b t ai ned f r o m s o ur ces w e b el i eve t o b e r el i ab l e; ho w e v e r, Brok e r h a s n ot v e ri fi e d, a n d w i l l n ot v e ri fy , a n y o f th e i n f o rm ation contained her ein, nor has B r o ker co nd uct ed any i nves t i gat i o n r egar d i ng t hes e m a t t e rs a n d m a k e s n o w a rra n t y or re pre s e n t a t i on w ha tso e ve r re ga rding the accur acy or comp letenes s o f t he i nf o r m at i o n p r o vi d ed . Al l p o t ent i al b uyer s m u s t t a k e a ppropri a t e m e a s u re s t o v e ri fy a l l of t h e i nf o rm a ti o n se t f o r th her ein. NO N -ENDOR SEMEN T NOTICE Br o ke r i s n o t a f f i l iated w ith, sponsor ed b y , o r end o r s ed b y any co m m er ci al t enant o r l es s ee i d ent i f ie d i n t h i s m a rk e t i n g pa c k a g e . T h e pre s e n c e of a n y co r po ra ti o n ’s l o go or name is not intend ed to i nd i cat e o r i m p l y af f i l i at i o n w i t h, o r s p o ns o r s hi p o r e n dors e m e n t by , s a i d c orpora t i on of Brok e r, i t s a f f i l i a te s o r su bsi diar ies, or any agent, pr oduc t , s er vi ce, o r co m m er ci al l i s t i ng o f B r o ker , and i s s o l el y i n c l u de d for t h e pu rpos e of prov i di n g t e n a n t l e s s e e i nf o rm a ti o n a bo u t this listing to pr ospectiv e cus t o m er s . A L L P R O PER TY SH OWINGS A RE B Y A P P OINTME N T ON LY . P LEASE C ON SULT Y OUR B ROK ER AG EN T F OR M OR E D E T A I L S .
C O N TA C T U S :
PREET SABHARWAL
LICENSED REAL ESTATE SALESPERSON
psabharwal@sabcap.com
t. 646.809.8830
LICENSE #: 10401279699 (NY)
R YA N M O R R I S
LICENSED REAL ESTATE SALESPERSON
rmorris@sabcap.com
t. 646.809.8844
B R YA N H U B E R
LICENSED REAL ESTATE SALESPERSON
bhuber@sabcap.com
t. 646.809.8845
BROKER OF RECORD
Jeremy Just
jeremy@blacktidedev.com
t. 615.732.6273
Blacktide Real Estate Advisors, LLC
LICENSE #:INDIVIDUAL 385981 (GA)
LICENSE #: CORPORATE 76761 (GA)
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