Thursday, January 20, 2011

Net lease Investment Property For Sale

Net lease Investment Property For Sale

Regal Cinema | Royal Palm Beach, FL

$5,770,000 in equity needed
1003 N State Road 7 | Royal Palm Beach, FL 33411
NOI $1,399,793.25
Lease Expiration Date 04/30/2018
Increases Every 5 years
(Next Increase 5/1/2013)
Options Two (2), Five (5) year options
Lease Type NNN
Credit Rating S&P: BB- Sr Sec Debt
B+ Corp Rating
Land Area 23.6 +/- Acres
Existing Loan Balance $14,230,000
Amortization 30 years
Interest Rate 5.61%
Annual Debt Service $1,011,236
Loan Maturity 9/1/2015
Balloon at Maturity $13,050,231
Loan Type Non-Recourse

• This net lease property is 76,701 square ft 18 screen theatre on over 23 acres in suburban West Palm Beach, Florida
•This Net lease property is located near WalMart Supercenter, Super Target; adjacent to Shoppes at Regal Centre, numerous restaurants and national retailers
•This net lease Location performs at or above all major industry metrics for performance with historical sales data available during due diligence


Teal Henderson
(813) 282-6000
For More information Contact:

Patrick Nutt
Senior Associate
(813) 282-6000

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