Investment Offering
Tenant: Carmike Cinemas
Premises: 47475 SF
Renewal Options: 3 x 5 Year
Lease Expiration: 2035
Lease Type: NNN
Rental Increases: 10% in 2025
- Brand New Built-to-Suit Construction Slated to Open 2015
- 20 Year Lease Term with 10% Rental Increase in Year 11
- Carmike Cinemas (NASDAQ: CKED) is a Credit Tenant with Over $634 Million in Revenue
- Ideal Demographic Location with 61,000+ Residents within 5 Miles & 106,000+ within 10 Miles
- Located Directly Adjacent to Walmart, Sam’s Club, Target & Blair County Convention Center
Tenant Overview
Carmike Cinemas Inc. is a motion
picture exhibitor headquartered in
Columbus, Georgia. As of August
2014, the company operates or
holds an interest in 254 theaters with
2,623 screens in 37 states, and is
one of the largest movie theater
companies in the United States. The
company bills itself as “America’s
Hometown Theatre” and Carmike
theaters are largely positioned in
rural or suburban areas with
populations under 200,000. The
company’s theaters operate under
various names and will generally
have a name followed by the
number of auditoriums at that
location; for example, “Carmike 15”.
Area Overview