Retail Business for Sale in Beltsville, MD

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Beltsville, MD 20705

Description

ESTABLISHED, 32-YEAR OPERATING HISTORY – The Tenant, American Multi-Cinema, Inc., (d/b/a AMC Theaters) has operated in this location for 32 years, underscoring the site’s strategic importance within AMC’s regional portfolio. The tenant has renewed various times over the term of its lease, most recently exercising its contract option in 2019. With renewed momentum in the theatrical release calendar, and innovative new initiatives - such as AMC’s exclusive distribution of Taylor Swift’s The Official Release Party of a Showgirl, AMC has a bright future at this infill location. The tenant reports store sales (see page 8) and is currently operating at a healthy rent-to-sales ratio. The lease has approximately four years of term remaining, with one, 10-year renewal option. With no additional extension options thereafter, this provides the new owner many possibilities for the property in the future. The lease is corporately guaranteed by the largest publicly traded movie theater chain in the world, operating approximately 860 theatres and 9,600 screens and serving hundreds of millions of guests annually. AMC operates in a freestanding 40,000-square-foot theatre housing eight auditoriums, and serves as a destination entertainment anchor within the surrounding retail node. AMC Entertainment Holdings, Inc. is publicly traded on the New York Stock Exchange under the ticker NYSE: AMC. The chain renovated the location in 2014 at its estimated expense of $5M, transitioning from a 2,500-seat configuration to its current power-recliner prototype with 820 seats. This location offers reserved seating and in-seat food and beverage service, which is a significant source of profitability for the tenant. STRATEGIC LOCATION TO DAYTIME DRIVERS – AMC is strategically located at the interchange of Powder Mill Road/Route 212 (21,810 VPD) and Interstate-95 (187,161 VPD) within the Centerpark Business Park. The site is only minutes from the Capital Beltway, allowing expanded reach with short dr

Market Context

This retail in Beltsville, MD is listed for sale. It is offered at an approximate 10.0% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 68 days. Compare it against other retail listings for sale in Beltsville, MD — <a href="/search/sale/retail/maryland/beltsville">view the full market</a>.

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