Investment Overview

ESTABLISHED, 32-YEAR OPERATING HISTORY – The Tenant, American Multi-Cinema, Inc., (d/b/a AMC Theaters) has operated in this location for 32 years, underscoring the site’s strategic importance within AMC’s regional portfolio. The tenant has renewed various times over the term of its lease, most recently exercising its contract option in 2019. With renewed momentum in the theatrical release calendar, and innovative new initiatives - such as AMC’s exclusive distribution of Taylor Swift’s The Official Release Party of a Showgirl, AMC has a bright future at this infill location. The tenant reports store sales (see page 8) and is currently operating at a healthy rent-to-sales ratio. The lease has approximately four years of term remaining, with one, 10-year renewal option. With no additional extension options thereafter, this provides the new owner many possibilities for the property in the future. The lease is corporately guaranteed by the largest publicly traded movie theater chain in the world, operating approximately 860 theatres and 9,600 screens and serving hundreds of millions of guests annually. AMC operates in a freestanding 40,000-square-foot theatre housing eight auditoriums, and serves as a destination entertainment anchor within the surrounding retail node. AMC Entertainment Holdings, Inc. is publicly traded on the New York Stock Exchange under the ticker NYSE: AMC. The chain renovated the location in 2014 at its estimated expense of $5M, transitioning from a 2,500-seat configuration to its current power-recliner prototype with 820 seats. This location offers reserved seating and in-seat food and beverage service, which is a significant source of profitability for the tenant. STRATEGIC LOCATION TO DAYTIME DRIVERS – AMC is strategically located at the interchange of Powder Mill Road/Route 212 (21,810 VPD) and Interstate-95 (187,161 VPD) within the Centerpark Business Park. The site is only minutes from the Capital Beltway, allowing expanded reach with short drivetimes. The tenant benefits from prominent signage along Powder Mill Road, a primary east–west arterial serving Beltsville and the surrounding communities. Centerpark Business Park is a master-planned employment center featuring a dense concentration of office, research, and light industrial users that generate a strong daytime population, complimented by an on-site Wyndham hotel currently undergoing renovation. Additionally, the property is located directly across Powder Mill Road from Calverton Shopping Center, a 73,356-square-foot neighborhood center anchored by Grocery Outlet and CVS. Collectively, these drivers generate consistent customer traffic and create meaningful synergy.