The Village of Royal Palm Beach is located in the central part of Palm Beach County and is part of the densely populated South Florida metroplex which consists of Palm Beach, Broward and Miami-Dade counties. The metro area has a population of 5.5 million. It is the largest in the Southeast and the eigth largest in the United States. There are several multibillion-dollar industries in Palm Beach County including high-tech and bioscience and tourism. Tourism accounts for more than 53,530 jobs in Palm Beach County; in excess of 7 percent of the county

The Subject Property is a freestanding net leased Regal Cinemas on 23.6 acres of prime Palm Beach County real estate. There are 145,000 people within five miles of Regal Cinemas with additional growth projected. Five years remain on the absolute net corporate guaranteed lease with no management responsibilities. Regal Cinema has an exceptionally large assemblage of more than 23 acres in a high-growth location with little available land. The property has excellent frontage and visibility on State Rd. 7, a major north-south artery that runs from Miami through Royal Palm Beach. Traffic counts at the property are 60,000 vehicles per day.