Ncg Cinema — Sale in Grand Blanc, MI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Grand Blanc, MI 48439

Investment Figures

Cap rate
9.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present this NCG Cinema Parking Lot Ground Lease located at 8251 Trillium Circle Avenue in Grand Blanc, Michigan. The property sits on a 8.30-acre lot with approximately 600 parking spaces. The triple-net ground lease is guaranteed by NCG Cinemas, Inc. and has 11 years remaining on the original 30-year term. Rent increases of 10 percent are scheduled every five years. NCG Cinemas is an independent, family-owned business with 26 theaters across nine states. This location ranks in the Top 10 percent of all NCG Cinemas nationwide and in the Top 13 percent of NCG locations in Michigan based on Placer.ai performance data. The Grand Blanc location is the only IMAX in the entire Flint/Genesee area. There are 11 total IMAX locations in the State of Michigan and the nearest IMAX is 25 miles away. The Grand Blanc IMAX has 284 seats and features a four and a half story screen and 12,000 watts of digital sound. The theater offers 14 additional screens, three of which have 284 seats and 11 have 94 seats each. There is a total of 2,170 seats in the entire theater. The subject property is well positioned off Holly Road (21,438 VPD) and is in immediate proximity to medical and professional offices as well as residential neighborhoods. The theater also benefits from easy access to Interstate 75, which experiences over 65,000 vehicles per day. Nearby retailers include Kroger, Walmart, Sam’s Club, Kohl’s, PetSmart, Aldi, and others. The area benefits from a strong retail market, with 3.3 million square feet of retail space within a five-mile radius and a 97.3 percent occupancy rate. NCG Cinema is two miles from Ascension Genesys Hospital, a 412-bed facility with 24/7 emergency care and a Level II adult trauma center. The hospital is a primary employer in the area and has a large health club facility on campus, offering a variety of sports and health services to the community. Also nearby is McLaren Health Care Corporate Headquarters, a 65,000-square-f

Market Context

This retail in Grand Blanc, MI is listed for sale. It is offered at an approximate 9.0% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 99 days. Compare it against other retail listings for sale in Grand Blanc, MI — view the full market.

Contact

Explore this market

Similar Retail Business for Sale in Grand Blanc, MI