B & B Theatres Operating
Retail | 7.80% CAP | 409,429 SqFt
Marketing description
Crossroads Real Estate Group is pleased to offer the opportunity to acquire the fee simple interest in a portfolio of 15 absolute NNN leased movie theaters in Missouri, Oklahoma and Texas. The new 10-year leases will be guaranteed by B & B Theatres, the largest privately owned movie theatre chain and fifth-largest overall in the US. The company operates 523 screens across 53 cinema locations in 16 states with additional locations under construction. B & B’s 101-year history and particularly the past several years of expansion attest to the firm’s resilience and industry-leading business acumen. The firm has fulfilled 100% of its lease obligations in its substantial history.
2025 will be the first fully-uninterrupted year of Hollywood production since 2019. B & B's gross receipts are already 28% ahead of the previous year's receipts for the same period. The industry is scheduled to have more wide releases than any year since 2019.
Investment highlights
- A Fifteen-Property Portfolio Sale/Leaseback
- Strong Expansion post-COVID
- Demonstrated Community Engagement
- High Cost-Driven Barriers to Entry
- 15 Properties | 128 Screens | 10,861 Seats
- Largest Private-Held Theater Chain in US | 5th Largest Theater Chain in US
- Cap Rate 7.8% (Year 1 NOI: $9,358,000)
- Corporate Guaranteed Absolute NNN Leases w/10 Year Terms
- Geography-limited Competition & High Barriers to Entry
- Absolute NNN Structure
- Memorial Day Weekend 2025 Set a Box Office Record: $325M+
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