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30027766
30027767

1623 Chillicothe St, Portsmouth, OH 45662

RM
IN IN RB14023230
Millman Realty Partners
Listed by Millman Realty Partners
$2,925,000
94 days on market
Updated 41 days ago

Portsmouth Cinemas

Details
Property Type Special Purpose
Sub Type Sports/Entertainment
Square Footage 23,310
Lease Type NNN
Lease Term 20.1
Lease Expiration 06/30/2028
Remaining Term 2.1
Price per SqFt $125
Parking Spaces 183 spaces
Parking Per SqFt 7.85
Tenant Credit No Credit Rating
Lease Commencement 06/15/2008
Ownership Fee Simple

Special Purpose | 23,310 SqFt

Marketing description

Portsmouth Cinemas – Portsmouth, Ohio

Prime Entertainment Anchor

Portsmouth Cinemas serves as one of the primary entertainment destinations for Portsmouth and the broader Scioto County region. As a long‑established theatre with consistent community recognition, it functions as a reliable traffic generator and a stable draw for surrounding retail and service businesses.

Eight‑Screen Multiplex Format

The theatre operates 8 screens, allowing for a diverse film slate and simultaneous showings across multiple genres. This configuration supports strong weekend and holiday attendance, accommodates family and group audiences, and aligns with the programming model typical of successful small‑market multiplexes.

Strategic In‑Town Location

Located on Chillicothe Street, one of Portsmouth’s most traveled commercial corridors, the property benefits from excellent visibility, easy ingress/egress, and proximity to dense residential neighborhoods. The site is positioned within minutes of downtown, Shawnee State University, and major employers, ensuring a steady flow of local and regional patrons.

Operated by Republic Theatres

The cinema is operated by Republic Theatres, a regional exhibitor with a track record of managing theatres in small and mid‑sized markets. Their operational model emphasizes efficient staffing, value‑priced concessions, and community‑oriented programming—factors that contribute to stable performance in tertiary markets.

Consistent Market Demand

Portsmouth’s role as a regional hub for healthcare, education, and retail supports ongoing demand for affordable, family‑friendly entertainment options. The theatre’s multi‑screen layout, accessible pricing, and central location position it as a resilient performer within the local entertainment landscape.

NOTE: Portsmouth Cinemas – Portsmouth, Ohio

Prime Entertainment Anchor

Portsmouth Cinemas serves as one of the primary entertainment destinations for Portsmouth and the broader Scioto County region. As a long‑established theatre with consistent community recognition, it functions as a reliable traffic generator and a stable draw for surrounding retail and service businesses.

Eight‑Screen Multiplex Format

The theatre operates 8 screens, allowing for a diverse film slate and simultaneous showings across multiple genres. This configuration supports strong weekend and holiday attendance, accommodates family and group audiences, and aligns with the programming model typical of successful small‑market multiplexes.

Strategic In‑Town Location

Located on Chillicothe Street, one of Portsmouth’s most traveled commercial corridors, the property benefits from excellent visibility, easy ingress/egress, and proximity to dense residential neighborhoods. The site is positioned within minutes of downtown, Shawnee State University, and major employers, ensuring a steady flow of local and regional patrons.

Operated by Republic Theatres

The cinema is operated by Republic Theatres, a regional exhibitor with a track record of managing theatres in small and mid‑sized markets. Their operational model emphasizes efficient staffing, value‑priced concessions, and community‑oriented programming—factors that contribute to stable performance in tertiary markets.

Consistent Market Demand

Portsmouth’s role as a regional hub for healthcare, education, and retail supports ongoing demand for affordable, family‑friendly entertainment options. The theatre’s multi‑screen layout, accessible pricing, and central location position it as a resilient performer within the local entertainment landscape.

NOTE: This property is listed with Consortium RE OH, LLC.

Investment highlights

This current property was developed as an 8-plex cinema operated by the tenant since June 2008. There were three (5) five year extensions, the Tenant has exercised the first option which expires on June 30th, 2008. There are two remaining options. The current annual lease income is $238,800 NNN.

Listing Contacts

RM
IN IN RB14023230
Millman Realty Partners
Listed by Millman Realty Partners

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Additional Information

Name
Christopher Diver
License
OH-DRKP.2016002023
Brokerage
Consortium RE OH LLC
Title
Broker of Record
Brokerage Address
8044 Montgomery Road, Suite 700, Cincinnati, OH 45236
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