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Alamo Drafthouse | 19+yrs Abs NNN w/ Incrs 11210 East Point Dr 30,662 SF Retail Building Laredo, TX 78045 $8,626,786 CAD ($281.35 CAD/SF) 9% Cap Rate

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INVESTMENT HIGHLIGHTS

18+ Years Remaining | Scheduled Rental Increases | Options To Extend
Independence Plaza (295,000+ SF) | Primary Retail Corridor |Excellent Visibility & Access

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

EXECUTIVE SUMMARY

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Alamo Drafthouse Cinema investment property located in Laredo, Texas. The tenant, Reel Dinner Partners - Laredo, LLC, has 18+ years remaining on its 20-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 3% annual rental increases throughout the initial term and increases of the greater of 3% or fair market value in the option periods, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. Alamo Drafthouse’s goal is to deliver the best cinema experience in the world, accomplished through 4 main pillars: creative film programming, unique food and beverage offerings, innovation, and stable, consistent growth strategy. The company has over 35 locations throughout the country. After pandemic restrictions were lifted, Alamo Drafthouse recovered faster than any other theater brand. ADH continues to be a leader in the theater space. As an additional demonstration of commitment to the site, the tenant originally built these theaters, before selling them to a public REIT.

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Movie Theatre

Building Size

30,662 SF

Building Class

Year Built

2015

Price

$8,626,786 CAD

Price Per SF

$281.35 CAD

Cap Rate

NOI

$776,411 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.18

Lot Size

3.96 AC

Zoning

B-4 - Highway Commercial District

Parking

187 Spaces (6.1 Spaces per 1,000 SF Leased)

Freeway Visibility

Signage

Information
99,999 SF
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Alamo Drafthouse Cinema is a dine-in movie theater chain founded in 1997 by Tim and Karrie League in Austin, Texas. Known for combining first-run films with in-theater food and beverage service, the company enforces a strict no-talking policy to maintain an immersive viewing experience. Over the years, Alamo Drafthouse has grown into a nationally recognized brand, offering curated programming, themed events, and partnerships with filmmakers. In June 2024, the company was acquired by Sony Pictures Entertainment and now operates under the Sony Pictures Experiences division. The headquarters remains in Austin, Texas, and the company continues to expand its footprint across major U.S. cities. Alamo Drafthouse is privately held under Sony Pictures Entertainment and maintains its reputation for innovative cinema experiences.