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Blockbuster Properties For Sale

    



Interested in Purchasing a Blockbuster Property for Investment?

 

If you wish to purchase a Blockbuster property for investment, please email  info@nnndeals.com; We have access to an extensive inventory of triple net Blockbuster Properties for sale in Washington DC, Maryland, Virginia and the entire United States.  

 

 

Blockbuster Inc

 

 
Price: 

$1M - $3M


Lease Term
:


15 – 20 Years


Increases:
 
10% Every 5 years 
Lease Extensions: 20 – 40 Years  

Lease Type
:
Absolute NNN Lease 

Lease
Guarantee: 

Corporate and Franchise
CAP Rate Ranges:
7.5% – 8.50%


Name Blockbuster 
Subsidiaryof
Dish Network
Industry Home Entertainment & On Demand Entertainment
Founded Dallas, Texas, United States (October 19, 1985)
Founder David Cook  [1]
Defunct January 12, 2014(for corporate-owned stores)
Headquarters Englewood, Colorado,United States
Number of locations 
51 (2015)
Services Video rental
Parent Dish Network
Divisions Blockbuster On Demand
Dish Movie Pack
Website www.blockbuster.com
 

    

   

About Blockbuster:

 

Blockbuster LLC, also known as Blockbuster and formerly Blockbuster Video Entertainment, Inc.,[2] was an American-based provider of home movie and video game rental services through video rental shopsDVD-by-mailstreamingvideo on demand, and cinema theater.[3] At its peak in 2004, Blockbuster consisted of nearly 60,000 employees and over 9,000 stores.[4][5] 

Due to competition from Netflix and Redbox, Blockbuster lost significant revenue and filed for bankruptcy protection on September 23, 2010.[6] On April 6, 2011, the company and its remaining 1,700 stores were bought by satellite television provider Dish Network at auction for $233 million and the assumption of $87 million in liabilities and other obligations.[7] The acquisition was completed on April 26, 2011.[8] Dish closed 200 branches in July 2011,[9] 500 more in the first half of 2012,[10] and another 300 in 2013.[11] In November 2013, it was announced that the remaining 300 company-owned stores would close (though 50 franchise-owned stores would remain open). The company's DVD-by-mail rental ceased operations as well.[12]  [13] 

While the Blockbuster brand has mostly been retired, Dish will continue to license the brand name to franchise locations, and keep its "Blockbuster on Demand" video streaming service open along with a "Blockbuster@Home" television package for Dish subscribers. In 2015, "Blockbuster@Home" was renamed "Dish Movie Pack."[14][15 

The first Blockbuster store opened October 1985 in Dallas, Texa sat the corner of Skillman and Northwest Highway.[4][5] The founder of the company was David Cook, who grew the business and brought it public. The innovation was derived from Cook's experience with managing huge databases. After the first few stores opened, he built a $6 million warehouse in Garland, TX, that could pull and package multiple stores in a day. Key to the early success of Blockbuster, was their ability to customize a store to its neighborhood, loading it up with films geared specifically to demographic profiles in addition to the popular new releases, and a sizeable collection of catalog titles.[6] The logo was created by Lee Dean, working for the now defunct Rominger Advertising agency.[citation needed]

In 1987, the company won a court case against Nintendoof America, Inc, which paved the way for the rental of videogames.[7]

Scott Beck, a young businessman in Dallas, approached John Melk, prior executive with Waste Management, about buying a franchise. Melk brought the idea to his friend and business associate,Wayne Huizenga, who agreed to buy the company after overcoming initial concerns about the video industry.[citation needed]

Huizenga and Melk used similar techniques in growing Waste Management, and soon, they were opening one store every seventeen hours.[citation needed] They also bought every Blockbuster franchise they could get their hands on (removing pornographic movies). The company became a multi-billion dollar company and was sold toViacomfor a price of $8.4 billion.[8]

The Blockbuster Block Party concept was test-marketed in Albuquerque, New Mexico and Indianapolis, Indiana; Block Party was an "entertainment complex" aimed at adults, containing eight themed areas housing a restaurant, games, laser tag arena and motion simulator rides and was housed in a windowless building the size of a city block. During the 1990s Blockbuster bought out their major UK rival Ritz Video and changed the name of all the stores to their own, which made them the number one video rental store in the country by a wide margin.[citation needed]

In 1992, Blockbuster acquired the Sound Warehouse and Music Plus music retail chains and created Blockbuster Music. In August 1998, Viacom sold the Blockbuster Music chain to Wherehouse Entertainment, who was subsequently purchased by Trans World Entertainment in 2003.[9]

In 1994, Blockbuster acquired a stake inSpelling Entertainment Group, a media company run by television producerAaron Spelling. Viacom increased its stake in Spelling over the years, finally taking full ownership in 2000.

In 1996, Blockbuster bought the Irish video rental store xtra vision, with over 200 stores in Ireland and the UK. In 2009, Blockbuster sold off their Irish operations to Birchall Investments, with the few xtra vision stores in the UK being rebranded as Blockbuster.

 

Blockbuster Properties For Sale Across the United States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky,  Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey,  New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma,  Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands,  Washington, West Virginia,  Wisconsin,  Wyoming 



 

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