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AMC Theatres

1706 Old Fort Parkway, Murfreesboro, TN 37129

$10,705,986

Cap Rate 7.35%

Views: 105 DOM: 218 Updated: 10.25.24 Posted: 05.17.24 Status: Active

Summary

Price $10,705,986
Built/Renov 2018
Tenant AMC Theatres
Cap Rate 7.35%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 48,926
Lease Start 06-15-2018
#Units 900
Price/SF $218.82
Expiration 06-30-2033
Tenant Type General Retail
NOI $786,890
R. Term 8.6
Ownership Fee Simple
Rent/SF $16.08
Increases 10.0%/5/yrs
Pop 5Mi 173,417
Lot/AC 2.84
Options 3/5yrs/10%
AHHI 5Mi $99,825

Eric Carlton
Colliers NNN Group
Contact

Jereme Snyder
Colliers NNN Group
Contact

Lease Highlights

  • AMC Theatres has 8+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 10% rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease (NYSE: AMC)

Location Description

AMC Theatres  is strategically located on Old Fort Parkway, with access to 39,000 vehicles passing by daily. The property serves as an anchor tenant of Stones River Town Centre and is only a mile from Interstate 24, which sees 126,500 VPD. Additionally, the site offers multiple points of ingress/egress. The immediate area is surrounded by well-known national tenants including Walmart...

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Key Features

  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Top 100 MSA

  • Strong demographics

  • Income tax free state

  • Favorable NN+ lease

  • Traded and rated company

  • Corporate Guarantee

    • ...

Links

AMC Theaters Wikipedia AMC Theaters Wikipedia Murfreesboro, Tennessee Zip Code 37129 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: AMC Theatres
  • Guarantor:Corp T and Rated
  • Company:AMC Entertainment Holdings, Inc.
  • # Units:900
  • Tenant S&P: CCC+
  • Moody’s: Caa2
  • Stock: NYSE: AMC

About Tenant

AMC Entertainment Holdings, Inc., (dba AMC Theatres) (NYSE: AMC) is an American movie theater chain. AMC Theatres offers attendees their Signature power-recliner seats, extensive food and...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 2,481 73,754 191,789
2024 Total Population : 2,268 68,187 176,187
2024 Employed Civilian Pop : 840 37,814 95,416
2024 Total Businesses : 766 4,157 5,574
2024 Average Household Income : $ 70,390 $ 85,412 $ 99,348
2024 Total Consumer Spending : $ 41 M $ 2119 M $ 5978 M
2024 Median Age : 33 33 33
2024 Total Households : 668 28,007 68,368
2024 Pop Age 25+: Bachelor's Degree : 180 12,090 32,077
2024 Average Home Value : $ 298,323 $ 410,219 $ 451,018
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
SR 96 Stones River Mall Blvd 2021 39,271 0.28 mi
Bridge Avenue Molloy Ln 2022 10,955 0.41 mi
Bridge Ave New Salem Hwy 2013 12,145 0.67 mi
North Thompson Lane Armory Dr 2022 25,017 0.67 mi
N Thompson Ln Freedom Ave 2006 24,639 0.73 mi
New Salem Road Salem PkCt 2022 21,104 0.81 mi
Old Fort Parkway Overall St 2022 40,716 0.87 mi
I- 24 New Salem Hwy 2013 85,289 0.97 mi
US 41;US 70S W College St 2021 29,414 0.99 mi
West Main Street Sally Ann St 2022 2,101 1.01 mi

Listing Broker

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