Boondocks Auction. Wednesday NOV 28, 10AM. Truck Stop Restaurant 30 Unit Hotel/Motel. Exit 144 Interstate 35 Hamilton County, Ia. Offered in 1 Tract

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1 Boondocks Auction Truck Stop Restaurant 30 Unit Hotel/Motel Offered in 1 Tract acres, more or less, in Sec 33-89N-23W Exit 144 Interstate 35 Hamilton County, Ia Sellers: Bob & Miriam Welch "Welch Oil Inc. & Welch Hotels Inc." Auction Time & Location: Wednesday NOV 28, 10AM Titan Machinery Building th Street, Williams, IA BoondocksAuction.com Whitaker Marketing Group is a licensed real estate brokerage and auction company providing land auctions, equipment auctions, appraisals, and online auctions. We Specialize in Farmland and Fundraising. Licensed in Iowa David Whitaker License # B Firm # F Sandhill Trail Ames, Iowa 50010

2 DETAILS Boondocks Auction ac +/- Truck Stop Restaurant 30 Unit Hotel/Motel LOCATION OF AUCTION: Titan Machinery Building th Street Williams, IA GENERAL DESCRIPTION: The property is composed of one tract of land totaling acres, more or less, in Sec 33-89N-23W Taxable Acres Iowa DNR Reg # LOCATION OF LAND Located at exit 144 on the North East corner of Interstate 35. A parcel of land in the Southwest 1/4 of the Southeast 1/4 of Section 33, Township 89 North, Range 23 West of the 5th P.M. Hamilton County, Iowa. Truck Stop/Restaurant th St, Williams, IA Hotel 7518, th St Williams, IA LEGAL DESCRIPTION Acres located in SW of the SE Sec 33-89N-23W ZONING Property is classified as Commercial UNDER GROUND STORAGE TANKS See the documents tab for the NFA certificate. POSSESSION Possession will execute on December 31, 2018 (Also willing to close in 2019 if needed for tax purposes.) INDIVIDUAL TRACT INFORMATION Tract 1 - Bid as a whole amount on 16.41ac Truck Stop Restaurant Hotel Personal Property EASMENTS Farmland easement (See supplement) DNR environmental easement (See supplement) RESTAURANT Restaurant (All Equipment Included) Year built 1972 Walk-in Freezer Addition in 2000 Building Area 5,180 Sq ft Gross Building Area 11,580 Sq Ft Occupancy - Restaurant Label - B1-1S BRK/BLK Ceiling Suspended Blk- Mineral Exterior Walls Brick on Block 12 Floor Covering Ceramic, Carpet, Quarry tile Framing R Conc- Average Foundation Reinforced Concrete HVAC Combination FHA- AC Terms and Conditions Roof Covering Rubber Membrane/ Conc Bathrooms Water closet qty-5, Urinal qty-2, Lavatory qty-5, Sink kitchen qty- 2, Stainless stl triple sinks qty- 2 CONVENIENCE STORE Convenience Store/Truck Stop (All Equipment Included) Year built 1984 Building Area 3,304 Sq ft Gross Building Area 11,580 Sq Ft Occupancy Store - Convenience Label - A1-1S BRK/BLK Ceiling Suspended Blk - Mineral Exterior Walls Brick on Block 12 Floor Covering Ceramic, Carpet, Quarry tile Framing R Conc- Average Foundation Reinforced Concrete HVAC Combination FHA- AC Roof Covering Rubber Membrane/ Conc Bathrooms Water closet qty-4, Urinal qty-2, Lavatory qty-4, Stall Shower- 2 HOTEL/MOTEL Hotel / Motel (All Furnishings Included) Year built 1979 Units-30 Building Area 11,016 Sq ft Gross Building Area 13,568 Sq Ft Occupancy Hotel/ Motel Label B1-1S FR Ceiling Drywall - textured Exterior Walls- Vinyl Frame Floor Covering Vinyl, Tile, Carpet Framing Wood- Average Foundation Reinforced Concrete HVAC Hot Water/ Room AC units Roof Covering- Asphalt shingles Bathrooms 30 Common Area 1,516 Sq Ft Managers Apartment 1,036 Sq Ft HOTEL GARAGE Year built 1985 Building Area 280 Sq ft MECHANICS SHOP Mechanic Shop (Lift and Shop Equipment Included) Year built 1972 Building Area 2,880 Sq ft Gross Building Area 11,580 Sq Ft Occupancy Metal Shop Steel Frame Label A3-1S MTL/STL Bathrooms Lavatory qty-1 OUT BUILDINGS Out Building 1 Metal Warehouse 32 x 106 x 14 Year built 1984 Building Area 3,392 Sq ft Gross Building Area 3,392 Sq Ft Occupancy Metal Warehouse - Post Frame Label B2-1S MTL/STL Out Building 2 Metal Shed 10 x 30 Year built 1974 Building Area 300 Sq ft Gross Building Area 300 Sq Ft Occupancy Metal Shed - Wood Frames Out Building 3 Metal Warehouse 32 x 50 Year built 1977 Building Area 1,500 Sq ft Gross Building Area 1,500 Sq Ft Occupancy Metal Warehouse - Steel Frame Label B2-1S MTL/STL SHOWING Showing by Appointment Only FUEL SYSTEM AND AMENITIES Fuel System / Other Amenities 30,000 Gal Propane Tank 2-12,000 Gal Fuel Tanks Horz stl- Dual w/ saddles 1-26,000 Gal Fuel tank Horz stl- Dual w/ saddles Tank piping 1977 Tank Pump Stations 1977 Tank Containment Area 1974 Concrete 528 Sq Ft Tank Containment Area 1974 Concrete 784 Sq Ft Lighted Canopy ,640 Sq Ft Lighted Canopy ,948 Sq Ft Fencing Paving ,300 Sq Ft (Truck Stop) Paving- 24,600 Sq Ft (Hotel) Sign Poles- Steel 1974 (80 tall 18 diameter) Sign Poles 1974 (20 tall 4 diameter) Sign Poles (15 tall 15 diameter) Sign Poles 1985 (20 tall 16 diameter) LP Tank 30,000 Gallons Wind Turbine 1990 TERMS AND CONDITIONS The Business will be offered as one tract of land. The land will be offered at auction on November 28, 2018, 10:00 a.m. at the Titan Machinery Building; th St, Williams, IA Bidders will have the option to bid on tract 1 comprised of ac +/-, as well as the buildings located on the property to include all the personal property. Bidders will bid as a whole dollar amount. There will be a 5% Buyers Premium added to the hammer price. Earnest money in the amount of ten (10%) percent of the contract price shall be due the day of the sale. Earnest money paid the day of the sale will be deposited in the Real Estate Trust Account of the Seller's Attorney by the following business day. Certified funds will be required at the time of closing for the remaining balance of the purchase. The real estate taxes will be pro-rated to the day of closing. The balance shall be paid in the form of certified funds upon closing, on or before December 31, A Warranty Deed will convey the title. Updated abstract(s) will be provided to the buyer at the seller's expense. The current owner/tenant will have farming rights until March 2019 The seller reserves the right to reject any and all bids." Whitaker Marketing group has agency with the seller, and represent them exclusively. Buyer agrees to hold harmless the auctioneer. All information contained in this brochure is deemed accurate, and acquired from deemed reliable sources. HEL & WETLANDS Land is classified as NHEL CROP CONTRACT ARC County, currently farmed by tenant for the 2019 crop year. FSA FARM # 1949 FSA TRACT # #6781 EST. FARMLAND ACRES TOTAL 2.81 ac* EST. CSR2 74.1* TAXES Total Estimated Tax $29,618 (Parcel ID Taxes (16.41 Taxable Acres) Parcel ID # $10,454 # $19,164 * Source Agridata 1 See more information, photos, and drone video at: BoondocksAuction.com

3 Auction Information 220th St Interstate 35 Exit 144 Auction Time & Location: Wednesday NOV 28, 10AM Titan Machinery Building th Street, Williams, IA David Whitaker Auctioneer/Broker Sand Hill Trail, Ames, Iowa A parcel of land in the Southwest 1/4 of the Southeast 1/4 of Section 33, Township 89 North, Range 23 West of the 5th P.M. Hamilton County, Iowa. 2

4 3 Hotel: 30 UNITS

5 Truck STOP 24

6 5 Restaurant

7 Soil map: 2.81 tillable acres, yielding 74.1 CSR2 (FSA boundaries differ from property boundaries) State: Iowa County: Hamilton Location: 33-89N-23W Township: Williams Acres: ±2.81 ac. Date: 11/13/2018 Area Symbol: IA079, Soil Area Version: 22 Code Soil Description Acres Percent of Field CSR Legend Non-Irr Class 507 Canisteo clay loam, 0 to 2 percent slopes llw Orthents, loamy Harps clay loam, 0 to 2 percent slopes llw 72 **IA has updated the CSR values for each county to CSR2. *c: Using Capabilities Class Dominant Condition Aggregation Method Weighted Average 74.1 CSR2 6

8 Buildings and Structures See more information, photos, and drone video at: BoondocksAuction.com