9.0% Cap | 11-Year NNN Ground Lease | NCG Cinema
9.0% Cap | 11-Year NNN Ground Lease | NCG Cinema | Only IMAX in Genesee County
Marketing description
Marcus & Millichap is pleased to present this NCG Cinema Parking Lot Ground Lease located at 8251 Trillium Circle Avenue in Grand Blanc, Michigan. The property sits on a 8.30‑acre lot with approximately 600 parking spaces. The triple‑net ground lease is guaranteed by NCG Cinemas, Inc. and has 11 years remaining on the original 30‑year term. The lease includes a 10% rent increase on May 15, 2031.
NCG Cinemas is an independent, family‑owned business with 26 theaters across nine states.
This location ranks in the Top 10% of all NCG Cinemas nationwide and in the Top 13% of NCG locations in Michigan based on Placer.ai performance data.
The Grand Blanc location is the only IMAX in Genesee County. There are 11 total IMAX locations in the State of Michigan and the nearest IMAX is 25 miles away. The Grand Blanc IMAX has 284 seats and features a four and a half story screen and 12,000 watts of digital sound. The theater offers 14 additional screens, three of which have 284 seats and 11 have 94 seats each. There is a total of 2,170 seats in the entire theater.
The subject property is well positioned off Holly Road (21,438 VPD) and is in immediate proximity to medical and professional offices as well as residential neighborhoods. The theater also benefits from easy access to Interstate 75, which experiences over 65,000 vehicles per day. Nearby retailers include Kroger, Walmart, Sam’s Club, Kohl’s, PetSmart, Aldi, and others. The area benefits from a strong retail market, with 3.3 million square feet of retail space within a five‑mile radius and a 97.3 percent occupancy rate.
NCG Cinema is two miles from Ascension Genesys Hospital, a 412‑bed facility with 24/7 emergency care and a Level II adult trauma center. The hospital is a primary employer in the area and has a large health club facility on campus, offering a variety of sports and health services to the community. Also nearby is McLaren Health Care Corporate Headquarters, a 65,000‑square‑foot office built in 2017.
Grand Blanc, Michigan is a suburban community located in Genesee County. The area is characterized by a stable and growing population, with a median household income above the national average. There are 67,900 residents with an average household income of nearly $94,800 within a five mile radius of the property.
Investment highlights
- Long-Term Triple-Net Ground Lease
- *The NCG Ground Lease is for the Parking Lot Required for their Building | NCG Owns the Building Pad
- (Building Pad is NOT Included in the Sale)
- 11 Years Remaining | Original 30-Year Lease | 10% Rent Increase on 5/15/2031
- NCG Cinema is an Independent, Family-Owned Business with 26 Locations Across 9 States | Nearest NCG: 24 Miles
- Ranks in the Top 10% of All NCG Cinemas Nationwide Top 13% of All NCG Locations in Michigan
- Only IMAX in Genesee County | 11 Total IMAX Locations in Michigan | Nearest IMAX: 25 Miles
- Theater Amenities: 284-Seat IMAX Auditorium with 4.5 Story Screen & 12,000 Watts of Digital Sound, 14 Additional Screens | 1,886 Seats Combined
- Strong Retail Market: 3.3 Million SF of Retail within a 5-Mile Radius | 97.3% Occupancy Rate
- Notable Nearby Retailers: Kroger, Walmart, Sam’s Club, Kohl’s, PetSmart, Aldi, & Others
- 2 Miles from Ascension Genesys Hospital | (412 Beds | 24/7 ER | Level II Adult Trauma Center)
- Immediate Access to I-75 (65,272 VPD)
- Demographics: 67,900 Residents $94,800 Average Household Income within a 5-Mile Radius
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