Investment Property For SALE

Transcription

1 101 Great Restaurant Occupied Space! Fully operating restaurant tenant in place! Located two blocks west of Highway 101 and on the north side of County Road 42, this 8 is a great investment opportunity! Boondox Bar and Grille operates the 4,999 SF main building with a large patio/outdoor seating area and five sand volleyball courts! There is also a 3,550 SF second building that can be used for office or retail purposes. Excellent signage visibility and access to the over 50,000 cars that drive down Hwy 101 daily.

2 Site Data Listing Price: Includes: $900,777 Buildings and land Location: 9100 Park Avenue NE PID Number: Legal Description: Zoning: Sect-15 Twp-121 Range-023 MISSISSIPPI SHORES 6th ADDN Block-001 LTS 3 & 4 BLK 1 ALSO TH PRT OF VAC SERVICE RD WH LIES NLY OF THE ELY EXT OF S LN OF LT 4 &ALSO LY WLY OF ELY 10FT THOF Business/Commercial Utilities: Water Sewer Fuel Heat City water, connected City Sewer, connected Natural Gas Forced Air Number of Buildings: 2 Number of Floors: 1 Number of Units: Commercial 2 Total SF 8,549 combined SF: 4,999 SF Restaurant Building 3,550 SF Second Building Acres 1.90 Building Type: Stucco / Brick Exterior Year Built: 2000 Parking: Occupied: Neighboring: General: On site, ample parking 44 spaces Partially, second building available for lease Commercial and residential The property features large patio area, with room for bags, and five sand volleyball courts!

3 Radius Demographics General Characteristics 1 Mile 3 Mile 5 Mile Total population 2,319 23,670 44,048 Average age, Male Average age, Female Median age (years) Under 5 years 158 1,671 3, years 533 5,297 10, years 1,412 14,145 26, years and over 213 2,556 4,403 Number of households 784 8,235 14,880 Average household size Social Characteristics 1 Mile 3 Mile 5 Mile Educational Attainment 1,570 15,965 29,593 HS graduate 599 4,453 7,950 Associate degree ,305 Bachelor s degree 238 2,980 5,900 Advanced degree ,092 Community-at-a-Glance County Seat: Sherburne ZIP code: Mile Radius Population: 23,670 Median Age: 35.8 Median Home Value: $189,743 Civilian Employment: 70.32% Avg. H-hold Size: 2.7 Avg. H-hold Income: $80,697 *2010 US Census Data & Esri Forecasts Workforce 1,766 18,021 33,453 Civilian, employed 72.2% 70.32% 72.64% Civilian, not employed 5.38% 5.06% 4.7% Civilian, not in workforce 22.2% 24.54% 22.59% Armed Forces.23%.08%.07% Economic characteristics 1 Mile 3 Mile 5 Mile Average household income (dollars) 97,085 80,697 90,060 Housing Characteristics 1 Mile 3 Mile 5 Mile Total housing units 780 8,557 15,598 Owner-occupied homes 752 6,782 13,055 Median value (dollars) 178, , ,149 Median home age (by year built)

4 Investment Property For SALE Aerial & Floor Plan Located just a block away from the new Super Target Great opportunity for busy restaurant/bar/grill Mix of commercial and residential neighborhood Situated on a main road into downtown Elk River Excellent signage visibility Easy access from Hwy 101 and CR 42. Neighboring businesses include: Super Target, Holiday Gas Station, Denny s, Holiday Inn, Rockwoods, Cold Stone Creamery, and Cowboy Jacks.

5 Summary & Leaseholds Building features and amenities include: 8,549 SF Total between two buildings 4,999 SF occupied by Boondox Bar and Grille Large patio/outdoor seating area 5 sand volleyball courts Hosts summer and winter events and tournaments Restaurant and bar service is 600 amp/3 phase electric 3,550 SF second building available for lease Two 3-fixture bathrooms and a kitchenette in the second building Second building has forced air heating & cooling with 200 amp/1 phase electric Located two blocks west of Highway 101 and on the north side of Cty. Rd. 42! Extremely high traffic counts and fantastic exposure from Cty. Rd. 42 & Hwy 101 Lots of parking The information herein was obtained from sources deemed to be reliable. The information includes projections, assumptions and estimates as examples only and of a forecast nature yet may not represent actual, current or future performance. We make no guarantees or warranties. It is submitted subject to the possibility of withdrawal without notice, errors, change of price, omissions, financing, rental or other conditions. You and your tax and legal advisors should conduct your own investigation of the property and contemplated or proposed transactions. Copyright 2014 ROCK SOLID Commercial. Last Updated: Wednesday, November 05, 2014