Regal Cinema

3849 S Delsea Dr, Vineland, NJ
Deal Type:
Net Lease
Price:
$3,828,480
Cap Rate:
10%
Current Rent:
$382,848
Lease Type:
Gross
Lease Term:
20 years
Renewal Options:
3, 5-year options
Building Sq. Ft.:
44,445 SF
Rent Increases:
5% increase in 1st Option

Investment Highlights

  • Below Replacement Cost: At $78/sqft, this property is priced below its replacement cost, offering an enticing opportunity for buyers.
  • Established, Long-Term Tenancy: Regal has maintained its occupancy of this space for over 25 years, showcasing a steadfast commitment to the site.
  • Strong Demographics: There are over 130,000 residents within a 5-mile drive and average household income over $87,000.
  • Strategic Positioning: Regal Cinemas is situated in a vibrant shopping district brimming with renowned national retailers including Michaels, Ulta, Marshalls, Starbucks, Petco, Chick-Fil-A, Walmart, Lowes, Home Depot, Best Buy, and more.
  • Unparalleled Market Advantage: The nearest comparable movie theater, also a Regal Cinema, is located a significant 25 miles away, ensuring limited competiton in the immediate vicinity

Listing Agents

Dorothy Lee

Vice President
626 236 3823
[email protected]

Broker of Record: Michael Antonplos, NJ – 8132327

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