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Movie Theater

MJR Brighton Cinema 20 | 14-Year NNN Lease

8200 Murphy Dr, Brighton, MI 48116

Listing Price: $14,670,635

Cap Rate
8.50%
Tenant Name
MJR Theaters
Years Remaining On Lease
13.4
Gross SF
79,886
Guarantor
Corporate Guarantee
Rentable SF
79,886
Price/Gross SF
$183.64
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.61

Investment Overview

Marcus & Millichap is pleased to present MJR Brighton Cinema 20 located at 8200 Murphy Drive in Brighton, Michigan. The property is situated on a 13.72-acre lot with approximately 814 parking spaces. The triple-net lease is guaranteed by MJR Theaters and has 14 years remaining. Rent escalations are scheduled for 2029 and 2034. Each of the four five-year renewal options contains a five percent rent increase at the beginning of each option period. The landlord recently spent $1 million on parking lot expenses, which were reimbursed by the tenant. The theater reported a year-over-year increase in sales of 25.98 percent for 2023.

MJR Theaters is a state-of-the-art multiplex cinema operator with 10 locations and 160 screens across Metro Detroit. Each MJR location features a full-service studio bar and lounge. The Brighton location boasts 20 screens, 225 VIP seats, and 1,713 additional luxury heated reclining seats. In 2022, MJR Brighton added a premium large-screen format experience called Laser Ultra. The Laser Ultra auditorium features a Barco 4K laser projection system, immersive Dolby Atmos sound, and zero gravity heated reclining chairs throughout.

The subject property is well-positioned in the area’s main retail trade area. Home Depot, Staples, Party City, and Target are immediately adjacent to the property. Directly across Grand River Avenue (22,365 VPD) is Brighton Mall, a 290,000 square-foot power center anchored by prominent retailers such as Marshalls, Michaels, PetSmart, Best Buy, and Aldi. The area benefits from a strong retail market, with 5.4 million square feet of retail space within a five-mile radius and a 97.2 percent occupancy rate.

MJR is located two miles from Downtown Brighton and 2.8 miles from the new Trinity Health Livingston Hospital, which is set to open in early 2026. The development is a four-story, 174,000 square-foot expansion of the existing Brighton Medical Center. The facility will include eight operating rooms, 18 short stay unit beds, 56 acuity adaptable beds, and shell space for future growth.

Brighton, Michigan, is a vibrant suburban community in the southeast portion of Livingston County. The county has been experiencing steady population growth and has a AAA Bond Rating. There are 53,233 residents with an average household income of $130,633 within a five-mile radius of the property.

Investment Highlights

  • Long-Term Triple-Net Lease
  • 14 Years Remaining | Increases Scheduled for 2029 & 2034 | (4) 5-Year Options Containing 5% Rent Increases
  • Year-Over-Year Sales Increase of 25.98%
  • MJR Theaters is a State-Of-The-Art Multiplex Cinema Operator with 10 Locations Across Metro Detroit | Acquired by Kinepolis Group NV in 2019 (109 Locations)
  • MJR Brighton: Studio Bar & Lounge | 20 Screens | 225 VIP Seats & 1,713 Luxury Heated Reclining Seats | Laser Ultra Location with Barco 4K Laser Projection System, Dolby Atmos Sound, & Zero Gravity Chairs
  • Prime Location within the Area's Main Retail Trade Area | Major Retailers: Home Depot, Target, Best Buy, Michaels, Marshalls, Petsmart, Aldi, Meijer, & Many Others
  • 2.8 Miles from the New Trinity Health Livingston Hospital: Opening Early 2026 | 4-Story, 174,000 SF Expansion of the Existing Brighton Medical Center
  • Affluent Demographics: 53,233 Residents & $130,633 Average Household Income within a 5-Mile Radius | Daytime Population: 56,384

Exclusively Listed By

Movie Theater

MJR Brighton Cinema 20 | 14-Year NNN Lease

Listing Price: $14,670,635

Cap Rate
8.50%
Tenant Name
MJR Theaters
Years Remaining On Lease
13.4
Gross SF
79,886
Guarantor
Corporate Guarantee
Rentable SF
79,886
Price/Gross SF
$183.64
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.61

Investment Highlights

  • Long-Term Triple-Net Lease
  • 14 Years Remaining | Increases Scheduled for 2029 & 2034 | (4) 5-Year Options Containing 5% Rent Increases
  • Year-Over-Year Sales Increase of 25.98%
  • MJR Theaters is a State-Of-The-Art Multiplex Cinema Operator with 10 Locations Across Metro Detroit | Acquired by Kinepolis Group NV in 2019 (109 Locations)
  • MJR Brighton: Studio Bar & Lounge | 20 Screens | 225 VIP Seats & 1,713 Luxury Heated Reclining Seats | Laser Ultra Location with Barco 4K Laser Projection System, Dolby Atmos Sound, & Zero Gravity Chairs
  • Prime Location within the Area's Main Retail Trade Area | Major Retailers: Home Depot, Target, Best Buy, Michaels, Marshalls, Petsmart, Aldi, Meijer, & Many Others
  • 2.8 Miles from the New Trinity Health Livingston Hospital: Opening Early 2026 | 4-Story, 174,000 SF Expansion of the Existing Brighton Medical Center
  • Affluent Demographics: 53,233 Residents & $130,633 Average Household Income within a 5-Mile Radius | Daytime Population: 56,384

Investment Overview

Marcus & Millichap is pleased to present MJR Brighton Cinema 20 located at 8200 Murphy Drive in Brighton, Michigan. The property is situated on a 13.72-acre lot with approximately 814 parking spaces. The triple-net lease is guaranteed by MJR Theaters and has 14 years remaining. Rent escalations are scheduled for 2029 and 2034. Each of the four five-year renewal options contains a five percent rent increase at the beginning of each option period. The landlord recently spent $1 million on parking lot expenses, which were reimbursed by the tenant. The theater reported a year-over-year increase in sales of 25.98 percent for 2023. MJR Theaters is a state-of-the-art multiplex cinema operator with 10 locations and 160 screens across Metro Detroit. Each MJR location features a full-service studio bar and lounge. The Brighton location boasts 20 screens, 225 VIP seats, and 1,713 additional luxury heated reclining seats. In 2022, MJR Brighton added a premium large-screen format experience called Laser Ultra. The Laser Ultra auditorium features a Barco 4K laser projection system, immersive Dolby Atmos sound, and zero gravity heated reclining chairs throughout. The subject property is well-positioned in the area’s main retail trade area. Home Depot, Staples, Party City, and Target are immediately adjacent to the property. Directly across Grand River Avenue (22,365 VPD) is Brighton Mall, a 290,000 square-foot power center anchored by prominent retailers such as Marshalls, Michaels, PetSmart, Best Buy, and Aldi. The area benefits from a strong retail market, with 5.4 million square feet of retail space within a five-mile radius and a 97.2 percent occupancy rate. MJR is located two miles from Downtown Brighton and 2.8 miles from the new Trinity Health Livingston Hospital, which is set to open in early 2026. The development is a four-story, 174,000 square-foot expansion of the existing Brighton Medical Center. The facility will include eight operating rooms, 18 short stay unit beds, 56 acuity adaptable beds, and shell space for future growth. Brighton, Michigan, is a vibrant suburban community in the southeast portion of Livingston County. The county has been experiencing steady population growth and has a AAA Bond Rating. There are 53,233 residents with an average household income of $130,633 within a five-mile radius of the property.

Exclusively Listed By

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