REIT Sale | AMC Theatres | $585,284 Annual Rent NNN | 8+ Years Remaining | Green Bay, WI MSA

Starting Bid $500,000

Auctioneer: Lamar P. Fisher

Auctioneer Company: Fisher Auction Company Inc.

Auctioneer License: 2876-52

• Income-Producing AMC Theatres Manitowoc 10: ±35,386 SF single-tenant cinema currently generating $585,284 in annual rental revenue with lease term through June 2034.
• 8+ Years Remaining with Built-In Rent Growth: Lease features 5% rent escalations every five years, with rent scheduled to increase to $614,301 annually during the next rent step.
• Two 5-Year Renewal Options: Tenant has two additional five-year renewal options, providing potential long-term occupancy and continued income beyond the base lease term.
• Absolute NNN Lease Structure: Lease is absolute NNN in nature, with roof and structure reported as tenant responsibilities and limited landlord obligations.
• Large-Format Entertainment Asset on Expansive ±7.4 AC Parcel: Purpose-built, 10-screen theater with ±35,386 SF of improvements, ±454 parking spaces, and a large underlying land position.
• Strategic Manitowoc Retail Corridor Location: Located just off US-151 and near I-43 within Manitowoc’s primary retail, dining, hotel, and entertainment corridor, surrounded by Lowe’s, Walmart, Menards, Aldi, Kohl’s, Meijer, TJ Maxx, Hampton Inn, Holiday Inn, Quality Inn, and numerous QSRs.
• Green Bay MSA / Northeast Wisconsin Location: Positioned approximately 40 minutes from Green Bay, with access to a stable Lake Michigan trade area supported by manufacturing, logistics, port activity, and regional retail demand.
• Attractive Demographics with 5-Mile Population of ±37,053 and Average Household Income of ±$83,051

Marcus & Millichap and RI Marketplace are pleased to present the opportunity to acquire the AMC Classic Manitowoc 10 located at 2555 S 44th Street in Manitowoc, Wisconsin. The Property consists of a ±35,386 SF, single-tenant cinema situated on an expansive ±7.4-acre parcel and is currently leased to AMC, generating $585,284 in annual rental revenue with more than eight years of remaining lease term.

The lease provides investors with scheduled rent growth through 5% escalations every five years and includes two five-year renewal options, offering potential long-term income continuity. The lease is structured as absolute NNN, with roof/structure as tenant responsibilities and liability insurance an owner responsibility, creating a passive ownership profile with limited landlord obligations.

Built in 2014, the Property operates as a 10-screen theater with substantial parking and strong visibility within Manitowoc’s west-side retail and entertainment corridor. The site is located just off US-151 and near I-43, surrounded by national retailers, hotels, restaurants, and regional demand drivers including Lowe’s, Walmart, Menards, Aldi, Kohl’s, Meijer, TJ Maxx, Hampton Inn, Holiday Inn, Quality Inn, and numerous quick-service restaurants. Located approximately 40 minutes from Green Bay, the Property offers investors the opportunity to acquire a leased entertainment asset backed by current rental income, contractual rent growth, and a large land position within an established Northeast Wisconsin trade area.