Definition of theres:
(adv) :
(location) In or at a place or location (stated, implied or otherwise indicated) that is perceived to be away from, or at a relative distance from, the speaker (compare here).
(adv) :
(figuratively) At that point, stage, etc., visualised as a distinct place.
(adv) :
(as complement of 'be') In a notional place where one will provide support or care; see also be there.
(adv) :
(as complement of 'be') In existence in some place.
(n) :
That place (previously mentioned or otherwise implied).
(n) :
That situation; that position.