5445 LAZY BROOK DRIVE, NISSWA 56468

Transcription

1 OFFICE STRIP CENTER 5445 LAZY BROOK DRIVE, NISSWA COMMERCIAL REAL ESTATE BUSINESS BROKERAGE LAND & BUILDING DEVELOPMENT INVESTMENT & INCOME PROPERTIES TAX DEFERRAL STRATEGIES

2 { Table of Contents } Page 3-5 Features 6 Floor Plan 7 Photos 8, 9 Aerial Photo 10 Section Map 11 Zoning Map 12 Traffic Counts 13 Location Map 14, 15 Demographics 16 Thank You 17 Agency Disclosure 18 Contact 2

3 { Features } Lazy Brook Square. Great opportunity to invest in Nisswa. Lazy Brook Square is an office strip center located along the Hwy 371 corridor, just south of the stoplight intersection. Ideal for an investor looking for cashflow or an owner/user looking to occupy one of the four spaces. Enjoy excellent exposure with frontage along the busy Hwy 371 corridor. Location: 5445 Lazy Brook Drive, Nisswa, MN Directions: From the Baxter Hwy 210/371 intersection - North on Hwy 371 towards Nisswa - Left on Colonel Thorp Lane at the stoplights in Nisswa - Left on Hazelwood Drive - Left on Lazy Brook Drive - Property is on the right Lot Size: Building Size: Unit #1: Unit #2: Unit #3: Unit #4: Approx..85 Acres (37,026 sq. ft.) Less Hwy ROW 2,800 sq. ft. Total 1,200 sq. ft. (Vacant) 400 sq. ft. (Allied Machinery) 400 sq. ft. (Crosslake Insurance of Nisswa) 800 sq. ft. (Hoffbeck Electric) Purchase Price: $199, Real Estate Taxes: $6,082 (Including $15 in Assessments) Water: Well (New May 2015) Sewer: City Continued on next page. 3

4 { Features } Heating: Cooling: Electric: Lighting: Unit 1: Natural Gas Forced Air Units 2-4: Electric Baseboard Unit 1: Central Air (Electric Ground Unit) Units 2-4: Wall Units 100 Amp, Single Phase Fluorescent Year Built: 1970 Addition: 1999 (Complete - Electric, Plumbing, Insultation, Heat, etc.) Construction: Foundation: Exterior: Roof: Wood Frame Concrete 1/4 Log Pine Siding, Cedar Shakes & Brick Asphalt Shingles Ceiling Height: Unit 1: 8 Units 2-4: 10 Vaulted Floor Drains: 6 High Speed Internet: Security: Bathrooms: Parking: Frontage: PID#: Yes Unit 1: Yes Units 2-4: None 4 (One per Unit) 25+ Paved Asphalt Spaces Approx. 325' along Hwy 371 and 220 along Lazy Brook Drive A009 Continued on next page. 4

5 { Features } Legal Description: Zoning: Utility Providers: Natural Gas: Electric: Current Tenants: Tenant Leases: Neighboring Businesses: Part of Lot 12 lying N of N ly line of new US Hwy #371 & N of a cont of sd line to N ly line of sd lot exc W 60 ft thereof exc Hwy UR - Urban Residential A district designed to provide traditional residential neighborhood sites adjacent to downtown and the Sportland Corner area. Residential densities will vary based on connection to municipal utilities. The District provides for single family, duplex, tri-plex and quad home developments. Building types that incorporate multiple units may be allowed by conditional use permit. Xcel Energy MN Power Allied Machinery, Crosslake Insurance of Nisswa, and Hoffbeck Electric See agent for current lease rates and lease details Located along the Hwy 371 corridor, neighboring businesses include Belle Cheveux Salon, Personality Plus, Nisswa Automotive, Kids Against Hunger, Mn Power, Christ Community Church, Petals & Beans, Animal House, Structures International, Nisswa Commons, Wendy s, Subway, Dairy Queen, Schaefer s Foods, Spirits of Nisswa, Holiday Gas, Gull Dam Brewing, plus many other unique retail/food/specialty shops within the town of Nisswa. 5

6 { Floor Plan } 6

7 { Photos } Lazy Brook Square Unit #1 Unit #1 Unit #3 Unit #2 Unit #4 7

8 { Aerial Photo } N OFFICE STRIP CENTER FOR SALE 8

9 { Aerial Photo } FOR SALE Belle Cheveux Personality Plus Christ Community Church Nisswa Commons Kids Against Hunger Animal House Petals & Beans Nisswa Automotive MN Power Structures International Nisswa Dock Northland Center 9

10 { Section Map } * Lot dimensions are estimated from the Crow Wing County GIS mapping site. 10

11 { Zoning Map } UR - Urban Residential 11

12 { Traffic Counts } 2007 Counts from MNDOT Nisswa Traffic Counts: 6,700 on Hwy

13 { Location Map } North South 13

14 { Demographics } Trade Area 2015 Population (Includes the following counties): Crow Wing County 64,354 Cass County 29,107 Total Trade Area Population 93, Population: Nisswa 4,294 Brainerd 30,237 Baxter 7,894 Estimated Summer Population: Brainerd/Baxter 200,000+ Projected Population Growth Change : Crow Wing County 0.35% Nisswa 0.53% Households in 2015: Crow Wing County 27,048 Nisswa 1, Median Household Income: Crow Wing County $49,559 Nisswa $62,019 Crow Wing County Retail Sales in 2004: $1,563,020,000 Major Employers (with 150 or more employees): # of Employees Brainerd Public Schools #181 Brainerd 950 St. Joseph s Medical Center Brainerd 908 Brainerd Regional Human Service Ctr Brainerd 677 Grand View Lodge Nisswa 600 Maddens, Inc. Brainerd 500 Crow Wing County Brainerd 450 Ascensus Brainerd 404 Cuyuna Regional Medical Center Crosby 390 Cragun s Resort Brainerd 350 Bethany Good Samaritan Village Brainerd 325 Central Lakes Community College Brainerd 313 Super Wal-Mart Baxter 300 Brainerd Medical Center Brainerd 285 Crosby Public Schools-ISD Crosby 255 Ruttger s Bay Lake Lodge Deerwood 250 U.S. Link Pequot Lakes 246 Trus Joist Mac Millan Brainerd 220 Breezy Point Resort Breezy Point 205 Pequot Lakes Public Schools Pequot Lakes 200 Riverwood International USA Crosby 190 Nor-son, Inc. Baxter 177 MN Dept of Transportation Baxter 175 Anderson Brothers Construction Brainerd 160 Keystone Automotive Industries Brainerd 157 Woodland Good Samaritan Village Brainerd 150 Good Neighbor Home Health Care Brainerd 150 Continued on next page. 14

15 { Demographics } Area Businesses: (To see a list of additional businesses, please go to Financial Institutions: 15+ (multiple locations not counted) Churches: 30+ Schools: 15+ Golf Courses: 27+ Resorts: Bay Colony Inn Breezy Point Resort Craguns Fritz s Resort Grand View Lodge Gull Lake Resort Izaty s Kavanaugh s Lost Lake Lodge Maddens Quarterdeck Ruttger s Bay Lake Lodge Sullivans Plus numerous others Major Retailers: Anytime Fitness Baxter Village (6 Retailers) Best Buy Big Lots Book World Brother s Motorsports Christmas Point Costco Crosslake Town Square (12 Retailers) Cub Foods (2) Discount Tire Dunham s Sports East Brainerd Mall (17 Retailers) Fleet Farm Gander Mountain Herberger s Home Depot JC Penney s Kohl s Major Retailers Continued: Menards Northwoods Plaza (6 Retailers) Office Max Sears Super One Super Wal-Mart Target The Power Lodge Walgreens Westgate Mall (27 Retailers) Restaurants/Fast Food: 371 Diner Antler s Applebee s Arby s Bar Harbor Billy s Black Bear Lodge & Saloon Bonanza Boomer Pizza Boulder Tap House Brick House Pizza Breezy Point Marina Buffalo Wild Wings Burger King Caribou Coffee (2) Cherry Berry China Buffet China Garden Cold Stone Creamery Country Kitchen Cowboy s Cragun s Legacy Grill Cru Culver s Dairy Queen (3) Domino s Pizza El Tequila Erbert & Gerberts Ernie s Four Seas Giovanni s Pizza Grizzly s Grill & Saloon Restaurants/Fast Food Continued Half Moon Saloon Hardee s Hunt N Shack Iven s on the Bay Jack s House Jakes s Jimmy John s KFC (2) Madden s Classic Grill Manhattan Beach Maucieri s McDonalds (3) Moonlite Bay Northwinds Grille Olive Garden Papa John s Pizza Papa Murphy s Pizza Perkins Pestello s Pine Peaks Pizza Hut Pizza Ranch Poncho & Lefty s Prairie Bay Prime Time Quarterdeck Rafferty s Pizza (3) Riverside Inn Ruttger s Sawmill Inn Sherwood Forest Starbucks Subway (3) Sundshine/Moonshine Taco Bell Taco John s The Barn The Chap The Commander The Lodge Grill The Pines at Grandview Timberjack TJ s Log Cabin Wendy s (2) Ye Ole Wharf Zorbaz (2) 15

16 { Thank You } Thank you for considering this Close - Converse opportunity Close - Converse is pleased to present this real estate opportunity for your review. It is our intention to provide you with the breadth of information and data that will allow you to make an informed decision. We are here to help Please review this package and contact us with any questions you may have. We are prepared to discuss how this property meets your needs and desires. Facts, figures and background information will aid in your decision. Should you need specialized counsel in the areas of taxation, law, finance, or other areas of professional expertise, we will be happy to work with your advisor or, we can recommend competent professionals. How to acquire this opportunity When you have made a decision to move forward, we can help structure a proposal that covers all the complexities of a commercial real estate transaction. As seller s representatives, we know the seller s specific needs and can tailor a proposal that expresses your desires, provides appropriate contingencies for due diligence and results in a win-win transaction for all parties. Agency and you Generally, we are retained by sellers or landlords to represent them in the packaging and marketing of their commercial, investment or development real estate. You are encouraged to review the Minnesota disclosure form Agency Relationships in Real Estate Transactions which is enclosed at the end of this package. If you have questions about agency and how it relates to your search for the right property, please ask us. We will answer all your questions and review the alternatives. Should you wish to pursue this opportunity, please acknowledge your review of Agency Relationships by signing, dating and returning it to us. 16

17 { Agency Disclosure } 17

18 { Contact } Address: 521 Charles Street PO Box 327 Brainerd, MN Telephone: Fax: Website: You may also contact the following members of the Close~Converse team by cell phone or . Chris Close, CCIM cell chris@closeconverse.com Nate Grotzke, CCIM cell nate@closeconverse.com Tim Miller Kevin Close Jody Osterloh Rod Osterloh cell tim@closeconverse.com cell kevin@closeconverse.com cell jody@closeconverse.com cell osterloh@closeconverse.com 18