Properties

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