Carmike Cinemas, Bethlehem, GA

416 Exchange Boulevard
Bethlehem, GA 30620

PROPERTY SOLD

Property: Investment Sales

Price: $8,000,000

Cap Rate: Call

Description:

  • Located between Atlanta and Athens at the intersection of GA Highway 316 and 81
  • Across highway from a Target, Belk, Publix, PetSmart and Staples shopping center
  • Property consists of a 45,200 SF, 12-screen theatre complex developed on 8.1 acres
  • Tenant commenced a 20 year triple net lease with rent bumps in January 2012
  • The transaction closed escrow in March 2012 for approximately $8 million
  • The buyer was a private REIT on the west coast

Carmike Cinemas, Bethlehem, GA

Downloads

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Contact

Tyson Glasser, CCIM
Director of Capital Markets & Dispositions
(864) 263-5427 - Main
(404) 435-6312 - Mobile