Manchester Regal Cinema - Rock Hill, SC

MANCHESTER REGAL CINEMAS

1935 CINEMA DR, ROCK HILL (CHARLOTTE MSA), SC 29730

MANCHESTER REGAL CINEMAS

MARKETING PACKAGE

TABLE OF CONTENTS 03 Investment Summary 04 Lease Summary 05 Rent Schedule 06 Retail Aerial 08 Site Plan 09 About the Brand 10

Location Overview

14

Developments

CONTACT INFORMATION

dorothy lee Associate (424) 403-2684

tony anderson Director (424) 325-2615

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1935 CINEMA DR, ROCK HILL (CHARLOTTE MSA), SC 29730

MANCHESTER REGAL CINEMAS

INVESTMENT SUMMARY Tenant Street Address City State Zip

Manchester Regal Cinemas 1935 Cinema Dr Rock Hill (Charlotte MSA) SC 29730

$

$11,452,622 LIST PRICE

% 9.00% CAP RATE $

$1,030,736

GLA

47,541 SF

Lot Size

13.63 AC

Price / SF

$240.90

2000 / 2005

Rent / SF

$21.68

Year Built

NET OPERATING INCOME

Tenant Exercised Extension During COVID-19 - Amid COVID-19 challenges, Regal Cinemas confidently exercised its 1st Option period with a 10% rental increase, showing a continuing commitment to the site.

Proximity to Major Traffic Artery - The subject property benefits from its proximity to a point of ingress and egress off Dave Lyle blvd with daily traffic counts of 20,014 and I-77 (Exit 79) with 82,480 vehicles per day.

Regal Expansion - In 2005, Regal invested their own funds in an expansion of 10,489 sqft to include a total of 14 wall to wall screens and 2,560 stadium seats.

Zero Landlord Responsibilities - The tenant operates under a true absolute (NNN) lease with zero landlord responsibilities. The tenant is responsible for all taxes, insurance, maintenance, roof & structure.

Proximity to Carolina Panthers Development - Located 5 minutes away from the subject property, the Carolina Panthers are developing a $1 Billion project on 234 acres of land. The developed area includes the training facility, headquarter offices, retail / entertainment venues, mixed-use with residential dwellings, research facilities, and open space uses. Site is set to open 2022.

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1935 CINEMA DR, ROCK HILL (CHARLOTTE MSA), SC 29730

MANCHESTER REGAL CINEMAS

LEASE SUMMARY Lease Type

Real Estate Taxes

Tenant Responsible

Insurance

Tenant Responsible

20 Years

Roof & Structure

Tenant Responsible

Commencement Date

11/14/2000

Lease Guarantor

Corporate

Lease Expiration

3/31/2026

Company Name

Regal Cinemas

Term Remaining

5.5+ Years

Ownership

Type of Ownership Original Lease Term

Increases Options

Absolute Net (NNN) Fee Simple

10% Every Option One (1), 5-Year

Years in Business Number of Locations

Private 30 549

Significant Rent Growth in Base Term - This lease features a 10% rental increase starting November 1, 2025.

This provides investors with a strong hedge against inflation.

Explosive Population Growth - Rock Hill, SC is the 4th largest city in the Charlotte Metropolitan area with a projected population growth of over 14% in the next 5 years.

Large 13.63 Acre Lot - The subject property has a large 13.63 acre lot with 633 parking spaces giving landlord additional options to the use of the real estate.

Strong Corporate Guarantee - Regal Cinemas is an American movie theater chain headquartered in Knoxville, TN. Regal operates the second-largest theater circuit in the United States and has a Market Cap of $69.7 Million.

Ample Parking - The subject property boasts 633 parking spaces providing ample availability for movie goers and future flexibility.

Thriving Retail Corridor - Major national retailers in the immediate trade area include, Walmart, Target, Lowe’s, T.J. Maxx, DICK’S Sporting Goods, Sam’s Club, Michaels, Best Buy, and Rock Hill Galleria Mall.

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1935 CINEMA DR, ROCK HILL (CHARLOTTE MSA), SC 29730

MANCHESTER REGAL CINEMAS

RENT SCHEDULE Period

Term

Annual Rent

Monthly Rent

Increase

CAP Rate

11/1/2015 - 10/31/2020

Base Term

$937,033.11

$78,086.09

-

8.18%

11/1/2020 - 10/31/2025

1st Option

$1,030,736.42

$85,894.70

10%

9.00%

11/1/2025 - 3/31/2026

1st Option

$1,133,810.06

$94,484.17

10%

9.90%

11/1/2025 - 10/31/2030

2nd Option

$1,133,810.06

$94,484.17

-

9.90%

05

1935 CINEMA DR, ROCK HILL (CHARLOTTE MSA), SC 29730

MANCHESTER REGAL CINEMAS

RETAIL AERIAL

06

1935 CINEMA DR, ROCK HILL (CHARLOTTE MSA), SC 29730

MANCHESTER REGAL CINEMAS

RETAIL AERIAL

07

1935 CINEMA DR, ROCK HILL (CHARLOTTE MSA), SC 29730

MANCHESTER REGAL CINEMAS

SITE PLAN

08

1935 CINEMA DR, ROCK HILL (CHARLOTTE MSA), SC 29730

MANCHESTER REGAL CINEMAS

ABOUT THE BRAND Regal Cinemas

Regal operates one of the largest and most geographically diverse theatre circuits in the United States. Regal Cinemas was established in 1989 in Knoxville, Tennessee, with Mike Campbell as CEO. Regal began to grow at a rapid pace, opening larger cinemas in suburban areas. They operate inside the United States, American Samoa, the District of Columbia, Guam and Saipan with over 549 locations inside 42 states.

549

42 States

26,000+

7,211+

NUMBER OF LOCATIONS

NUMBER OF EMPLOYEES

GEOGRAPHICAL FOOTPRINT

MOVE THEATRE SCREENS

As the second largest cinema-group, Regal employs over 26,000 employees who are determined to make any movie goer’s experience the best experience of their lives. Regal Cinemas believes that the size, reach and quality of the company’s theatre circuit provides its patrons with a convenient and enjoyable movie-going experience. Regal Cinemas is a proud to partner with Coca-Cola, Movietickets.com and Fandago as their mission to make it even easier for their movie-goers to purchase and enjoy their movies. Regal also established the Regal Foundation in 2003 as a non-profit charitable organization to coordinate support for numerous national and local philanthropic groups. The Regal Foundation supports the communities in which Regal operates by partnering with selected charities to aid the initiatives of national and local charitable entities.

Regal Cinemas Annoucing Unlimited Movie Subscription Regal Cinemas has unveiled its latest offering: an unlimited subscription plan that will appeal to frequent moviegoers. The Regal Unlimited subscription will allow users, who must pay a monthly or yearly fee, to see as many movies as they want at Regal theaters.

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1935 CINEMA DR, ROCK HILL (CHARLOTTE MSA), SC 29730

MANCHESTER REGAL CINEMAS

LOCATION OVERVIEW Rock Hill, SC

Rock Hill, South Carolina is a business-savvy blend of historic charm and responsibly implemented expansion.

The city is located in the north-central area of South Carolina approximately 20 miles south of Charlotte, NC along the I-77 corridor. Rock Hill is a growing community of 75,000+ residents, and the City encompasses over 36 square miles. Rock Hill is the largest city in York County, SC and the only major South Carolina city in the Charlotte area.

Rock Hill offers scenic riverfront views along the Catawba River and is home to numerous nature trails, restaurants, and thirty-one parks which are used for both national and local events. Its historic downtown consist of twelve contiguous buildings built as early as 1840 offering dining and retail options. The city is also home to three colleges, including Winthrop University, a comprehensive university that is ranked 8th by U.S. News & World Report among Southern public universities and in the top 25 of public and private institutions in the region.

Manchester Meadows Soccer Complex The 70-acre complex, adjacent to the subject property, encompasses 70 acres of land and contains two synthetic soccer fields with stadium seating, six natural soccer fields, walking trails, a playground, and several pavilions. It is and is currently the home of FC Carolina Discoveries, a soccer team in the National Premier Soccer League.

Charlotte MSA Charlotte is one of the 25 largest cities in the U.S. and the largest city in North Carolina. Charlotte consistently ranks as one of the top growing cities and is the home to more than 10 Fortune 1000 companies, including household names such as Bank of America & Lowe’s. Charlotte is also home to the Carolina Panthers of the NFL, the Charlotte Hornets of the NBA & the NASCAR Hall of Fame providing extensive entertainment and amenities. Nearly 800,000 live and work in the Charlotte community & the City provides services to much of this population.

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1935 CINEMA DR, ROCK HILL (CHARLOTTE MSA), SC 29730

MANCHESTER REGAL CINEMAS

LOCATION OVERvIEW 1.

Fountain Park 300 E. Main St, Rock Hill, SC 29730 3.5 MILES FROM SUBJECT PROPERTY

2. Rock Hill - York County Airport 550 Airport Rd, Rock Hill, SC 29732 6.9 MILES FROM SUBJECT PROPERTY

3. Rock Hill Fire Station Museum 214 S. Elizabeth Ln, Rock Hill, SC 29730 3.7 MILES FROM SUBJECT PROPERTY

4. Glencairn Gardens 725 Crest St, Rock Hill, SC 29730 3 MILES FROM SUBJECT PROPERTY

5. Main Street Children’s Museum 133 E. Main St, Rock Hill, SC 29730 3.5 MIKES FROM SUBJECT PROPERTY

6. Winthrop University 1708 Memorial Cir, Rock Hill, SC 29733 3.6 MILES FROM SUBJECT PROPERTY

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1935 CINEMA DR, ROCK HILL (CHARLOTTE MSA), SC 29730

MANCHESTER REGAL CINEMAS

LOCATION OVERvIEW

01 FOUNTAIN PARK

Large interactive park featuring a small performing venue.

02 ROCK HILL - YORK COUNTY AIRPORT

This airport averages about 40,000 aircraft operations per year.

04 GLENCAIRN GARDENS

This park has landscaped gardens, lawns, & a spring festival.

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03 ROCK HILL FIRE STATION MUSEUM

This museum has an interactive children’s learning center.

05 MAIN STREET CHILDREN’S MUSEUM

06

artist-inspired venue offering interactive activities for kids.

WINTHROP UNIVERSITY

This university has over 6,000 annual enrolled students.

1935 CINEMA DR, ROCK HILL (CHARLOTTE MSA), SC 29730

MANCHESTER REGAL CINEMAS

DEMOGRAPHICS

POPULATION

1-Mile

3-Mile

5-Mile

2025 Projection

4,915

45,301

111,758

2020 Estimate

4,309

40,565

99,553

3,134

34,761

82,983

Growth ‘20 - ‘25

14.06%

11.68%

12.26%

Growth ‘10 - ‘20

37.49%

16.70%

19.97%

1-Mile

3-Mile

5-Mile

2025 Projection

2,170

18,140

43,744

2020 Estimate

1,900

16,166

38,882

2010 Census

1,372

13,772

32,366

Growth ‘20 - ‘25

14.21%

12.21%

12.50%

Growth ‘10 - ‘20

38.48%

17.38%

20.13%

Average Income

$59,074

$60,863

$74,261

Median Income

$45,909

$45,674

$53,165

2010 Census

HOUSEHOLDS

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1935 CINEMA DR, ROCK HILL (CHARLOTTE MSA), SC 29730

MANCHESTER REGAL CINEMAS

DevelopmentS Panther’s HQ

The Carolina Panthers are planning a 200-acre development in extremely close proximity to the subect property that would include an orthopedic sport medicine facility that would employ about 200 people, a hotel of at least 150 rooms that would include conference space, and perhaps corporate headquarters, offices and residential projects. The development would be similar to the Dallas Cowboys’ The Star in Frisco, Texas, and the Minnesota Vikings planned Viking Lakes in Eagan, Minnesota. The Star includes a hotel, shopping, restaurants and other amenities in addition to football facilities.

According to a report by Avery Wilks of The State, the South Carolina General Assembly has officially passed Bill H.4243, which will give the Panthers $115 million in state tax discounts for moving their headquarters and practice facilities to Rock Hill, South Carolina. In addition to high-tech training facilities like a hyperbolic chamber and sleep clinic, the headquarters would also feature an indoor practice field with up to 10,000 spectator seats and a half dozen or so outdoor fields.The fields could be used to play more than one high school football game at a time, and the indoor facility would be capable of hosting championship games, concerts and corporate events.

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1935 CINEMA DR, ROCK HILL (CHARLOTTE MSA), SC 29730

MANCHESTER REGAL CINEMAS

DISCLAIMER

The information contained in this Marketing Brochure has been obtained from sources believed to be reliable, but the accuracy or completeness of the information contained therein cannot be guaranteed. James Capital Advisors, Inc. & Brian Brockman (“Broker”) has not, and will not, verify any of this information, nor has Broker conducted, nor will it conduct, any investigation regarding these matters. Broker makes no representations, guarantees, or warranties of any nature about the accuracy or completeness of any information provided. The information provided in this brochure is in no way a substitute for a thorough due diligence investigation by Buyer. Broker has made no investigation of, and has made no representations, guarantees, or warranties of any nature, with regard to income and expenses for this property nor the future financial performance of the property. In addition, Broker has made no investigation of, and has made no representations, guarantees, or warranties as to the size and square footage of the property, the presence of any contaminating substances at the property, the physical condition of the property or compliance with any State, Local or Federal regulations. In addition, Broker has made no investigation of, and has made no representations, guarantees, or warranties of any nature, with regard to the financial condition or future financial condition of any tenants, nor any future plans or intentions of tenants with regard to the continued occupancy of the property. All parties are aware that Broker has no affirmative obligation to conduct a due diligence examination of the property for any Buyer. Any and all projections or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. Therefore, Broker assumes no legal responsibility for accuracy or completeness of this information, and expressly disclaims all representations, guarantees, or warranties related thereto.

The value of the property to any Buyer depends on numerous factors that must be evaluated by Buyer and Buyer’s legal, tax, construction, and financial advisors. Buyer and Buyer’s advisors should conduct a thorough, independent investigation of the property to determine its suitability for Buyer’s intended usage. This investment, as with all real estate investments, carries a substantial risk. As such, Buyer and Buyer’s legal and financial advisors are strongly advised to request and review all legal and financial documentations related to the property and tenants.

A tenant’s past performance is not a guarantee of future performance. The lease rate stated for some properties may be based on a tenant’s projected sales with little or no record of actual performance or comparable rents for the area in question. Returns are in no way guaranteed. Tenants may fail to pay the rent or property taxes or any other tenant obligations under the terms of the lease or may default under the terms of such lease. Regardless of tenant’s history of performance, and/or any lease guarantors and/or guarantees, Buyer is responsible for conducting Buyer’s own investigation of all matters related to any and all tenants and lease agreements. Broker is not, in any way, responsible for the performance of any tenant or for any breach or default by any tenant of any terms of any lease agreement related to the property.

Further, Buyer is responsible for conducting Buyer’s own independent investigation of all matters related to the value of the property, including, but not limited to, the value of any long-term leases. Buyer must carefully evaluate the possibility of tenants vacating the property or breaching their leases and the likelihood and financial impact of being required to find a replacement tenant if the current tenant should default and/or abandon the property. Buyer must also evaluate Buyer’s legal ability to make alternate use of the property in the event of a tenant abandonment of the property.

CONFIDENTIALITY This Marketing Brochure and the information contained within, is propriety and strictly confidential. It is intended to be used only by the party receiving it from Broker. It should not be made available to any other person or entity without the express written consent of Broker.

RELEASE This Marketing Brochure has been prepared to provide basic, unverified information for prospective purchasers. By accepting this Marketing Brochure, the recipient agrees to release and hold harmless Broker from any claim, demand, liability or loss arising out, or relating in any way, to the information contained in this Marketing Brochure and from Buyer’s investigation of the property. In no event shall James Capital Advisors, Inc. or Broker be liable to any party for any direct, indirect, special, incidental, or consequential damages of any kind whatsoever arising out of the use of this Marketing Brochure or any information contained herein.

NON-ENDORSEMENT Broker is not affiliated with, endorsed by or sponsored in any way by any tenant or lessee identified in this Marketing Brochure. The presence of any entity’s logo or name is not intended in any way to indicate affiliation, sponsorship or endorsement by said entity of Broker.

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www.jamescapitaladvisors.com

@jamescapitaladvisors

MANCHESTER REGAL CINEMAS

CONTACT INFORMATION LISTING AGENTS

dorothy lee

Associate (424) 325-2684 dorothy.lee@jamescapitaladvisors.com CA RE Lic. 01982397

tony anderson

Director (424) 325-2615 tony@jamescapitaladvisors.com CA RE Lic. 01936642 BROKER OF RECORD

Brian Brockman

Bang Realty - South Carolina, Inc (513) 898-1551 brian@bangrealty.com SC RE Lic #: 108250 CORP. Lic #: 22994

James Capital Advisors, Inc.

www.jamescapitaladvisors.com

@jamescapitaladvisors