Regal Cinema

2160 Hamilton Creek Parkway
Dacula, GA 30019

Marketing Materials

Overview

JLL is pleased to offer for sale the fee-simple interest in the Regal Hamilton Mill Stadium 14 (the “Property” or “Asset”), a single-tenant net leased movie theater. The Property is located in Dacula, Georgia, an affluent Northeast Atlanta suburb approximately 35 miles from the city center. Regal Hamilton Mill Stadium 14 is positioned in a dense retail trade area just off heavily-trafficked Interstate 85, proximate to a plethora of national tenants including Publix, Walmart, The Home Depot, Kohl’s, Petco, and Aldi in the immediate vicinity. This is a rare opportunity to acquire an ideally located cinema asset leased to the nation’s second-largest theater operator boasting strong sales growth at this location, with uncapped potential rent growth and the opportunity to assume attractive in-place financing.
  • Primary Broker

    Taylor Wolfes - Net Lease Broker
    Taylor Wolfes
    (404) 995-2275

  • Secondary Broker(s)

    Eric Spencer - Net Lease Broker
    Eric Spencer
    404.995.2272

  • Margaret Caldwell - Net Lease Broker
    Margaret Caldwell
    404.995.2270

  • In-State Licensee

    Taylor Wolfes - Net Lease Broker
    Taylor Wolfes
    GA

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Investment Highlights
Prime location in a dense retail trade area that features a multitude of national retailers and other traffic drivers, with visibility from Interstate 85 (79,700 VPD) and ample access and parking.
Industry-leading tenant operating over 560 locations, making Regal the nation’s second-largest theater chain. Over the past several years Regal has grown their financial metrics favorably in a competitive cinema landscape. Regal was acquired by U.K.-based Cineworld in February 2018 at a market cap of $3.60 billion, which vastly increases Cineworld’s size and competitive leverage (P. 9).
Uncapped potential rent growth with full NOI based on tenant sales. Regal has grown their sales by over 30% at this location over the past 5 years, indicating a trend for continued rent growth.
Advantageous demographics surrounding the Asset, with average household incomes in the area exceeding $100,000 and a population of 114,500 within a 5 mile radius of the Property.
Favorable In-Place Financing at a 4.50% interest rate with approximately $6,500,000 of outstanding loan balance. In-place debt is fully prepayable. Assumption of current financing is subject to lender approval.
General
Property Type Retail
Property Address 2160 Hamilton Creek Parkway
Dacula, GA 30019
Land In Acres 7.47
Building Size 51,533 Square Feet
Primary Use Movie Theatre
Year Built 2008
Tenancy Single-Tenant
Financial
Price $9,748,900
Price PSF $189.18
Cap Rate 7.75%
Current NOI $755,540
Lease
Tenant Name Regal Cinemas Inc
Lease Type NN
Annual Rent $683,224
Rent Escalations Rent is 15% of gross box office receipts. Rent shown is for the 12 months ending July 2017, and has grown 18.2% since 2014.
Options 3, 5-year options
Lease Expiration Date 8/31/2023
Remaining Term 4.9Yrs