1919 SOUTH 6TH STREET, BRAINERD

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1 OFFICE/RETAIL BLDG COMMERCIAL REAL ESTATE BUSINESS BROKERAGE LAND & BUILDING DEVELOPMENT INVESTMENT & INCOME PROPERTIES TAX DEFERRAL STRATEGIES

2 { Table of Contents } Page 3, 4 Features 5 Floorplan 6 Photos 7 Aerial Photo 8 Plat 9 Zoning Map 10, 11 Zoning Description 12 Traffic Counts 13 Location Map 14, 15 Demographics 16 Thank You 17 Agency Disclosure 18 Contact 2

3 { Features } Excellent Exposure. Prime investment opportunity located on busy S 6th Street in Brainerd. This 13,000 sq. ft. office/retail building is almost fully occupied, providing a great return on your investment. In this location, tenants are surrounded by a rapidly growing medical community as well as numerous other service businesses. Rent available space at a great rate, or take advantage of the reduced price and purchase the entire building - the options are endless! Location: 1919 South 6th Street, Brainerd, MN Directions: Lot Size: From the historic water tower in downtown Brainerd - South on South 6th Street - Property is located just north of the Brainerd Lakes Hotel, on the east side of South 6th Street 1.3 Acres (56,628 sq. ft.) Lot Dimensions: 200 x 280 Building Size: 13,000 sq. ft. (130 x 100 ) PRICE REDUCED: $895,000 $599,000 Lease Space Available: Space A: Space B: Lease Rate: 1,400 sq. ft. (Plus a Common Area Restroom) 4,000 sq. ft. (Includes 2 Restrooms) $8.00/sq. ft. Triple Net 2016 Taxes: $19,202 (Including $15.00 in Assessments) Water & Sewer: Heating: City (A&W Research report on water is available from agent) Natural Gas Forced Air Continued on next page. 3

4 { Features } Cooling: 6 Roof-Top Units (1 new in 1994, 5 new in 1999) Electric: Lighting: 200 Amp Fluorescent Year Built: Original: 1979 Renovated: 1990 & 1997 Roof: New in 1989, Re-stripped in 2001 Ceiling Height: 9 Bathrooms: 7 High Speed Internet: Yes Parking: 113 Paved Parking Stalls (new pavement in 1998) Front: 30 North Side: 40 Back: 43 Frontage: Zoning: 200 on South 6th Street/Business Hwy 371 (and service drive) B4 - General Business District PID#: & Legal: Lots 4 & 5, Block 3, Holiday Inn Addition to Brainerd ( ) Additional Lot: Current Tenants: Neighboring Businesses: JOBZ: There is an additional lot available directly south of the subject property - Approx..64 Acres (100 x 200 ) - Lot 6, Block 3 In Motion Therapy, Tri-County Community Action, & MHG Located near a growing medical community, neighboring businesses include Essentia Health Clinic, Northern Orthopedics, Great Northern Opticians, South Brainerd Professional Building, Maxillofacial Specialists, Lakes Area Urology, Woodland Park Office Building, Bethany Good Samaritan, plus several others. This property has the potential of being designated as a MN JOBZ (Job Opportunity Building Zone) with the City of Brainerd. JOBZ is an exciting tool to stimulate business activity in Greater MN through various state and local tax exemptions. Eligible businesses in a zone will operate in an environment nearly free of state and local taxes. These tax incentives will help new and expanding companies lower their overall costs and facilitate their growth. Please go to for additional information. 4

5 { Floor Plan } 5

6 { Photos } Front/West Side of Building NE Corner of Building Back/East Side of Building Break Room Work Area Offices 6

7 { Aerial Photo } N Crow Wing County Fairgrounds Lexington BRAINERD INDUSTRIAL PARK C&L Distributing Keystone Automotive Crow Wing Recycling W.W. Thompson Concrete Precision Tool WRIGHT STREET Good Samaritan Nursing Home Commercial Building South Brainerd Professional Building S 6TH STREET/BUSINESS HWY 371 Essentia Health Clinic Northern Great Orthopedics Northern Opticians 7

8 { Plat } Holiday Inn Addition to Brainerd Subject Property Additional Available Lot 8

9 { Zoning Map } B4 - General Business District 9

10 { Zoning Description } SECTION GENERAL BUSINESS DISTRICT (B-4) Subd. 1. Purpose The purpose of the General Business District is to allow more intensive commercial uses that require extensive highway access for customer contact. Subd. 2. Permitted Uses (1) Any use permitted in the B-3 District as regulated by Section Subd. 2. (2) Vehicle and boat sales. (3) Lumber yards and construction material sales. (4) Garden and landscaping sales and supplies. (5) Medium and large print shops and publishing operations. (6) Farm implement sales. (7) Wholesaling and warehousing operations. (8) Auto/truck service stations as regulated by Section (9) Guard/Reserve Facilities. (10) Retail sales incidental to the manufacture, processing or wholesaling of products manufactured on, processed on, or wholesaled from the premises subject, however, to the following conditions: a. The retail sales area shall be segregated from the principal use of the building. b. The retail sales area shall not exceed 10% of the gross floor area of the building. (11) Automobile Body Shop subject, however to the following conditions: a. All outdoor storage of vehicles shall be screened by at least a 6 foot fence, but not in excess of 8½ feet in height, and shall be 90 percent opaque fence. b. Any vehicle parked or stored on the property for longer than 24 hours shall be kept in the screened yard. c. All employee and customer parking areas shall be on a paved surface. d. No outdoor display of merchandise is permitted. Continued on next page. 10

11 { Zoning Description } e. No outdoor sales of merchandise is permitted. (12) Adult Use as regulated by Section Subd. 3. Conditional Uses (1) Any use permitted as a Conditional Use in the B-3 District as regulated by Section Subd. 4. (2) Armories, convention halls, sport arenas and stadiums. (3) Bowling alleys, billiard and pool rooms, drive-in theaters, skating rinks, dance halls, gymnasiums, Y.M.C.A., Y.W.C.A., and similar uses. (4) Bus terminals. (5) Business or trade school when conducted entirely within a building. (6) Drive-in business as regulated by Section (7) Electrical service, heating, plumbing, appliances, upholstery, or air conditioning service shops. (8) Stone and monument sales. (9) Animal hospital or clinic and kennels. (10) Trailer and manufactured home sales. (11) Accessory uses other than those listed as permitted. (12) State licensed Residential Facilities serving up to sixteen (16) persons. Subd. 4. Accessory Uses (1) Uses incidental to the principal uses such as off-street parking and loading and unloading areas and storage of merchandise. (2) Signs shall be subject to sign regulations. (3) Single family dwellings. Subd. 5. Minimum Lot Requirements and Setbacks Minimum lot area, width, and height requirements not applicable unless specific standards appear under separate sections of the Ordinance. A 30 foot setback shall be required for buildings located adjacent to residentially zoned property. 11

12 { Traffic Counts } 2013 Counts from MNDOT Brainerd Traffic Counts: 10,200 on S 6th Street/Business Hwy

13 { Location Map } North South 13

14 { Demographics } Figures from STDB, CCIM Trade Area 2015 Population (Includes the following counties): Crow Wing County 64,354 Cass County 29,107 Total Trade Area Population 93, Population: Brainerd 30,237 Baxter 7,894 Estimated Summer Population: Brainerd/Baxter 200,000+ Projected Population Growth Change : Crow Wing County 0.53% Brainerd 0.34% Households in 2015: Crow Wing County 27,048 Brainerd 12, Median Household Income: Crow Wing County $49,559 Brainerd $44,444 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 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) Sunshine/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/landlord s representatives, we know the seller s/landlord 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. the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may be 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 . Nate Grotzke, CCIM cell nate@closeconverse.com Tim Miller, CCIM Kevin Close Chris Close, CCIM Jody Osterloh Rod Osterloh cell tim@closeconverse.com cell kevin@closeconverse.com cell chris@closeconverse.com cell jody@closeconverse.com cell osterloh@closeconverse.com 18