Neighborhood Theatres Inc. of Virginia built the “rocking chair” theatre new in 1968. They were a small low overhead (almost no overhead) company and that was a lot of money. (State, Arlington, Annandale, and six other small theatres.) The cinema was always positive cash flow, but I’m not sure it always covered the mortgage. Whatever, Circuit City had a huge growth plan and access to capital when they bought it. I’m sure their offer looked good to NTI. Circuit City kept much of the building during remodel, including a large sign right on Old Keene Mill Road.
Neighborhood Theatres Inc. of Virginia built the “rocking chair” theatre new in 1968. They were a small low overhead (almost no overhead) company and that was a lot of money. (State, Arlington, Annandale, and six other small theatres.) The cinema was always positive cash flow, but I’m not sure it always covered the mortgage. Whatever, Circuit City had a huge growth plan and access to capital when they bought it. I’m sure their offer looked good to NTI. Circuit City kept much of the building during remodel, including a large sign right on Old Keene Mill Road.