Regal Cinemas

Overview

Highlights

• NNN corporate lease with Regal Cinemas, Inc.
• Regal Entertainment Group operates largest movie theatre circuit in USA with 560 theatre locations in 42 states.
• Only theater in town — accommodates a large public with 8 screen complex

Description

NAI Northern California, as exclusive advisor, is pleased to have brokered the sale of Regal Cinemas, a single tenant NNN property, located in the city of Placerville in El Dorado County, CA. The subject is a 34,355 SF building located on a large 3-acre lot only 2 miles from busy Downtown Placerville, and a 3-minute drive from highway 50 with over 40,000 cars per day.

Location

Placerville is centrally located between Sacramento, the State capitol, and South Lake Tahoe, world-famous recreation center. Situated above the fog line and below the snow line, Placerville boasts an ideal climate with four distinct seasons. Accessibility to Placerville is via State Highway 49 and U.S. Highway 50, along one of the most traveled corridors in California. Placerville’s treasured heritage is reflected in the historical, nineteenth century architecture of its downtown core. In addition, Placerville is the County seat and the center of financial, commercial, civic, and Government activity. Serving as a “hub” for many nearby destinations and activities, Placerville is well situated. Premier wineries, Apple Hill Ranches, Historic Coloma, the American River, and the ElDorado National Forest are all located within minutes of downtown Placerville. The city has many old buildings from the Gold Rush days and also was also on the line of the Pony Express. The future of Placerville’s business economy will continue to be strengthened and infused by these established and newly developing areas of opportunity surrounding the hub.

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