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870 Mallory Pky
26,737 SF of Retail Space Available in Franklin, IN 46131
Highlights
- Excellent Retail Location Near Krogers, Kohls, Walmart and Schools
- Zoning for mixed-used commercial
- Former Canary Cinemas, successful movie complex with indoor and outdoor theatre or event experiences
- 9.28 AC
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 26,737 SF | Negotiable | £8.78 /SF/PA £0.73 /SF/MO £94.50 /m²/PA £7.87 /m²/MO £234,727 /PA £19,561 /MO | Triple Net |
1st Floor
Former Canary Creek Cinemas is available for sale or lease. This neighborhood movie theater complex was originally built in 1999 operating successfully for over 24 years. The complex features 7 Indoor Movie Screens plus 2 Outdoor Drive-In Screens. The building is 26,737 sf and with a bright welcoming reception area.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Movie Theater
- Space is an outparcel at this property
- High Ceilings
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 870 Mallory Pky , Franklin, IN 46131
| Property Type | Retail | Year Built | 1999 |
| Property Subtype | Movie Theatre | Parking Ratio | 10/1,000 SF |
| Gross Internal Area | 26,737 SF |
| Property Type | Retail |
| Property Subtype | Movie Theatre |
| Gross Internal Area | 26,737 SF |
| Year Built | 1999 |
| Parking Ratio | 10/1,000 SF |
About the Property
This iconic neighborhood movie theater complex, a community staple for over 24 years, is now available for sale or lease. The property features a total of 7 indoor movie screens plus 2 outdoor drive-in screens, offering versatile entertainment options. The building spans 26,737 square feet and includes a bright, welcoming reception area. Excellent opportunity for entertainment or event venue with indoor and outdoor spaces. Situated on a 9.28-acre lot, the property boasts expansive, paved, and well-lit parking areas, providing ample space for customers. Strategically located behind a Kroger grocery store and Kohl’s shopping center, it benefits from strong nearby traffic. Additionally, the site is in close proximity to two local schools and Franklin College, further enhancing its visibility and accessibility. Conveniently positioned just off US 31 South, this property presents an exceptional opportunity for a variety of uses. Whether continuing as a local entertainment venue, transforming into a retail or trade school, or repurposing for business, healthcare, or a church campus, this property offers tremendous potential for growth and transformation.
- Security System
- Signage
- Air Conditioning
Nearby Major Retailers
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Sharon Thompson -
KW Commercial Indiana
Presented by
870 Mallory Pky
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