Offering Memorandum - LoopNet · 2018. 5. 23. · 180 Address: 610 Hwy 53 E Site Size: 1.05 AC...

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Offering Memorandum Offering Memorandum PREMIER REDEVELOPMENT PREMIER REDEVELOPMENT OPPORTUNITY | 1.55 ACRES OPPORTUNITY | 1.55 ACRES

Transcript of Offering Memorandum - LoopNet · 2018. 5. 23. · 180 Address: 610 Hwy 53 E Site Size: 1.05 AC...

  • Offering MemorandumOffering MemorandumP R E M I E R R E D E V E L O P M E N TP R E M I E R R E D E V E L O P M E N T

    O P P O R T U N I T Y | 1 . 5 5 A C R E SO P P O R T U N I T Y | 1 . 5 5 A C R E S

    http://www.BullRealty.com/

  • P a g e 2 o f 1 2

    D I S C L A I M E R & L I M I T I N G C O N D I T I O N S 3

    E X E C U T I V E S U M M A R Y 4

    P R O P E R T Y O V E R V I E W 5

    P R O P E R T Y D E T A I L S 6

    A D D I T I O N A L P H O T O S 7

    L O C A T I O N M A P S 8

    R E T A I L M A P 9

    A E R I A L V I E W 10

    B R O K E R P R O F I L E 12

    T A B L E O F C O N T E N T ST A B L E O F C O N T E N T S

    50 Glenlake Parkway, Suite 60050 Glenlake Parkway, Suite 600

    Atlanta, GA 30328Atlanta, GA 30328

    BullRealty.comBullRealty.com

    Michael WessMichael Wess

    Associate, National Retail GroupAssociate, National Retail Group

    [email protected]@BullRealty.com

    404-876-1640 x150404-876-1640 x150

    Exclusively listed by Bull Realty, Inc.

    tel:404-876-1640 x150http://www.BullRealty.com/http://www.BullRealty.com/

  • D I S C L A I M E R & L I M I T I N G C O N D I T I O N SD I S C L A I M E R & L I M I T I N G C O N D I T I O N SP R E M I E R R E D E V E L O P M E N T O P P O R T U N I T Y | 1 . 5 5 A C R E SP R E M I E R R E D E V E L O P M E N T O P P O R T U N I T Y | 1 . 5 5 A C R E S

    P a g e 3 o f 1 2

    Bull Realty has been retained as the exclusive listing broker to arrange the sale of the Subject Property.

    This Offering Memorandum contains selected information pertaining to the Property but does not purport to be all-inclusive or to contain all of the information

    that a prospective purchaser may require. All financial projections are provided for general reference purposes only and are based upon assumptions

    relating to the general economy, competition and other factors, which therefore, are subject to material change or variation. Prospective purchasers may not

    rely upon the financial projections, as they are illustrative only. An opportunity to inspect the Property will be made available to qualified prospective

    purchasers.

    In this Offering Memorandum, certain documents, including financial information, are described in summary form and do not purport to be complete or

    accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to review

    independently all documents.

    This Offering Memorandum is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation,

    endorsement or advice as to the value of the Property by Bull Realty Inc. or the current Owner/Seller. Each prospective purchaser is to rely upon its own

    investigation, evaluation and judgment as to the advisability of purchasing the Property described herein.

    Owner/Seller expressly reserve the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property and/or to terminate

    discussions with any party at any time with or without notice. Owner/Seller shall have no legal commitment or obligation to any purchaser reviewing this

    Offering Memorandum or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed,

    delivered and approved by the Owner/Seller and any conditions to the purchaser's obligations therein have been satisfied or waived. The Seller reserves the

    right to move forward with an acceptable offer prior to the call for offers deadline.

    This Offering Memorandum may be used only by parties approved by the Owner. The Property is privately offered, and by accepting this Offering

    Memorandum, the party in possession hereof agrees (i) to return it if requested and (ii) that this Offering Memorandum and its contents are of a confidential

    nature and will be held and treated in the strictest confidence. No portion of this Offering Memorandum may be copied or otherwise reproduced or disclosed

    to anyone without the prior written authorization of Bull Realty, Inc. or Owner/Seller. The terms and conditions set forth above apply to this Offering

    Memorandum in its entirety and all documents, disks and other information provided in connection therewith.

  • 604-610 Highway 53 East in Calhoun, Georgia are two adjacent parcels prime for

    redevelopment, providing a 1.55 acre retail pad just blocks from I-75 Exit 312 Calhoun. The

    combined parcel has ±327' of frontage on Hwy 53 and ±188' on Richardson Road. Both

    parcels are zoned C-2, which allows for both C-1 and C-2 uses, including all retail or service

    establishments, offices, hotels, banks and gas stations.

    Daddy O's Donuts is an operating business. Please do not contact employees or

    management.

    EXECUTIVE SUMMARYEXECUTIVE SUMMARY

    • Premier redevelopment site available for sale or lease on Highway 53 in Calhoun

    • 1.55 acre corner parcel with ±515' of frontage

    • 4-way signalized intersection with four ingress/egress points

    • Average daily traffic of 34,970 on Highway 53 E and 7,500 on Richardson Road

    • Located on the "going-home" side of the road

    • Excellent visibility and large monument sign

    • Approximately 1,550' from I-75 exit 312 Calhoun and ADT of 61,780

    • C-2 zoning that also allows for C-1 uses

    • C-1 & C-2 permitted uses and building regulations found here: http://ow.ly/Bzhw30jXqKl

    PROPERTY HIGHLIGHTSPROPERTY HIGHLIGHTS

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    E X E C U T I V E S U M M A R YE X E C U T I V E S U M M A R YP R E M I E R R E D E V E L O P M E N T O P P O R T U N I T Y | 1 . 5 5 A C R E SP R E M I E R R E D E V E L O P M E N T O P P O R T U N I T Y | 1 . 5 5 A C R E S

    PRICE | $1,850,000PRICE | $1,850,000

  • P a g e 5 o f 1 2

    P R O P E R T Y O V E R V I E WP R O P E R T Y O V E R V I E WP R E M I E R R E D E V E L O P M E N T O P P O R T U N I T Y | 1 . 5 5 A C R E SP R E M I E R R E D E V E L O P M E N T O P P O R T U N I T Y | 1 . 5 5 A C R E S

    Address: 604 & 610 Hwy 53 E, Calhoun, GA 30701

    County: Gordon

    Site Size: 1.55 Acres

    Parcel ID: C71-078 & C71-079

    Zoning: C2

    Proposed Use: Retail, service establishment, office, hotel, bank, gas station

    Sale Price: $1,850,000

  • 604 Hwy 53 E 610 Hwy 53 E

    224’

    203’

    124’

    318’

    188’

    224’

    Address: 604 Hwy 53 ESite Size: 0.50 ACParcel ID: C71-078

    Restaurant Size: 1,118 SFFrontage: 327’

    Monument sign: YesZoning: C2

    Ingress/Egress Points: 3Price: $700,000

    192’180’

    Address: 610 Hwy 53 ESite Size: 1.05 ACParcel ID: C71-079

    Restaurant Size: 6,567 SFFrontage: 188’

    Monument sign: YesZoning: C2

    Ingress/Egress Points: 1Price: $1,150,000

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    P R O P E R T Y D E T A I L SP R O P E R T Y D E T A I L SP R E M I E R R E D E V E L O P M E N T O P P O R T U N I T Y | 1 . 5 5 A C R E SP R E M I E R R E D E V E L O P M E N T O P P O R T U N I T Y | 1 . 5 5 A C R E S

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    A D D I T I O N A L P H O T O SA D D I T I O N A L P H O T O SP R E M I E R R E D E V E L O P M E N T O P P O R T U N I T Y | 1 . 5 5 A C R E SP R E M I E R R E D E V E L O P M E N T O P P O R T U N I T Y | 1 . 5 5 A C R E S

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    This corner parcel, located on the "going-home" side of the road, overlooks a 4-waysignalized intersection and has 4 ingress/egress points. Average daily traffic countsamount to 34,970 on Hwy 53 plus 7,500 on Richardson Rd.

    Source: ESRI

    LOCATION DESCRIPTIONLOCATION DESCRIPTIONPOPULATIONPOPULATION 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES

    TOTAL POPULATION 2,422 17,985 33,154

    MEDIAN AGE 40.7 37.8 35.9

    MEDIAN AGE (MALE) 40.4 37.1 34.9

    MEDIAN AGE (FEMALE) 41.3 38.7 37.1

    HOUSEHOLDS & INCOMEHOUSEHOLDS & INCOME 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES

    TOTAL HOUSEHOLDS 946 6,515 11,701

    # OF PERSONS PER HH 2.6 2.7 2.8

    AVERAGE HH INCOME $45,435 $52,857 $54,903

    AVERAGE HOUSE VALUE $87,085 $149,338 $153,901

    L O C A T I O N M A P SL O C A T I O N M A P SP R E M I E R R E D E V E L O P M E N T O P P O R T U N I T Y | 1 . 5 5 A C R E SP R E M I E R R E D E V E L O P M E N T O P P O R T U N I T Y | 1 . 5 5 A C R E S

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    R E T A I L M A PR E T A I L M A PP R E M I E R R E D E V E L O P M E N T O P P O R T U N I T Y | 1 . 5 5 A C R E SP R E M I E R R E D E V E L O P M E N T O P P O R T U N I T Y | 1 . 5 5 A C R E S

  • P a g e 1 0 o f 1 2

    A E R I A L V I E WA E R I A L V I E WP R E M I E R R E D E V E L O P M E N T O P P O R T U N I T Y | 1 . 5 5 A C R E SP R E M I E R R E D E V E L O P M E N T O P P O R T U N I T Y | 1 . 5 5 A C R E S

  • P a g e 1 1 o f 1 2

    A E R I A L V I E WA E R I A L V I E WP R E M I E R R E D E V E L O P M E N T O P P O R T U N I T Y | 1 . 5 5 A C R E SP R E M I E R R E D E V E L O P M E N T O P P O R T U N I T Y | 1 . 5 5 A C R E S

  • B R O K E R P R O F I L EB R O K E R P R O F I L EP R E M I E R R E D E V E L O P M E N T O P P O R T U N I T Y | 1 . 5 5 A C R E SP R E M I E R R E D E V E L O P M E N T O P P O R T U N I T Y | 1 . 5 5 A C R E S

    Bull Realty is a commercial real estate sales, leasing and advisory firm headquartered in Atlanta and licensed innine Southeast states. The firm was founded in 1998 with two primary missions: to provide a company ofadvisors known for their integrity and to provide the best disposition marketing in the nation. Client servicesinclude disposition, acquisition, project leasing, tenant representation, asset management and consultingservices. Advisors focus on specific property types including office, retail, industrial, multifamily, land, healthcare,senior housing, self-storage, automotive, hospitality and single tenant net lease properties.

    The firm produces America's Commercial Real Estate Show, a national video show and podcast enjoyed bymillions of people around the country. Industry analysts, leading market participants and the firm's founderMichael Bull share market intelligence, forecasts and success strategies. The show has aired every week since2010 on iTunes, YouTube and www.CREshow.com. The firm also produces Atlanta's Commercial Real EstateShow available on AtlCREshow.com

    404-876-1640 x150

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    50 Glenlake Parkway, Suite 600Atlanta, GA 30328

    [email protected]

    Associate, National Retail GroupAssociate, National Retail Group

    MICHAEL WESSMICHAEL WESS Professional BackgroundProfessional BackgroundMr. Michael Wess has joined the National Retail Group for the commercial real estate firm, Bull Realty. He hasexperience with the consulting and sales of various types of commercial real estate and specializes in theacquisition and disposition of retail properties. Michael understands the necessity of producing individualizedplans of action for his clients, and he consistently works in collaboration with them in order to execute theseplans and achieve their financial objectives.

    Michael’s expertise in the real estate industry includes experience as a property manager, property taxconsultant and financial analyst for a multifamily developer. He earned his Georgia Real Estate License and theCertified Commercial Broker (CCB) certification. He is also an active member of the Atlanta Commercial Board ofRealtors.

    Michael graduated from the Terry College of Business at the University of Georgia earning three degrees inFinance, Real Estate and International Business. Michael also earned a minor in Spanish while participating onthe rugby team and various philanthropic organizations. In his free time Michael enjoys traveling, hiking andcamping.

    Bull Realty Inc.Bull Realty Inc.

    http://commercialrealestateshow.com/http://commercialrealestateshow.com/atlanta/tel:404-876-1640 x150https://twitter.com/retail_crehttps://www.linkedin.com/in/michael-wess-02a89ba5https://www.facebook.com/Bull-Realty-Inc-420137434674657https://twitter.com/bullrealtyhttps://www.linkedin.com/company/bull-realtyhttps://www.youtube.com/user/BullRealty