31038 GOVERNMENT DR, PEQUOT LAKES

Size: px

Start display at page:

Download "31038 GOVERNMENT DR, PEQUOT LAKES"

Juniper Mason
5 years ago
Views:

RETAIL BUILDING 31038 GOVERNMENT DR, PEQUOT

1 RETAIL BUILDING GOVERNMENT DR, PEQUOT LAKES COMMERCIAL REAL ESTATE BUSINESS BROKERAGE LAND & BUILDING DEVELOPMENT INVESTMENT & INCOME PROPERTIES TAX DEFERRAL STRATEGIES

2 { Table of Contents } Page 3, 4 Features 5 Floor Plans 6-8 Photos 9 Aerial 10 Plat 11 Zoning Map 12 Zoning Description 13 Traffic Counts 14 Location Map 15, 16 Demographics 17 Thank You 18 Agency Disclosure 19 Contact 2

{ Features } Prime Retail Opportunity. Excellent opportunity to lease a gorgeous 3-level log retail building within the heart of the Pequot Lakes business district!

Location: 31038 Government Drive, Pequot Lakes, MN 56472 Directions: From Baxter - North on Hwy 371 to Pequot Lakes - East on CR 11 - Left (north) on Government Drive to 4th building on the right Lot

3 { Features } Prime Retail Opportunity. Excellent opportunity to lease a gorgeous 3-level log retail building within the heart of the Pequot Lakes business district! Locals and tourists alike flock to this area for many of their shopping needs - you could locate your business in the middle of it all! Enjoy prime visibility and instant exposure. Location: Government Drive, Pequot Lakes, MN Directions: From Baxter - North on Hwy 371 to Pequot Lakes - East on CR 11 - Left (north) on Government Drive to 4th building on the right Lot Size: 7,100 sq. ft. (.16 Acres) Dimensions: 50 x 142 Building Size: Main Level: Upper Level: Lower Level: 9,438 sq. ft. Total 3,300 sq. ft. 2,838 sq. ft. 3,300 sq. ft. (Finished Retail Area & Office plus a Kitchen and Unfinished Storage Area) Covered Deck: 432 sq. ft. (16 x 27 ) Lease Rate: $1,500/Month Triple Net 2016 Real Estate Taxes: $7,242 (Including $15.00 in Assessments) Water & Sewer: Heating: City Natural Gas Forced Air Continued on next page. 3

4 { Features } Cooling: Electric: Lighting: Central Air - Electric Ground Unit Two 200 Amp Panels, Single Phase Fluorescent Year Built: 1994 Number of Levels: Construction: Foundation: Exterior: Roof: Ceiling Height: 3 (Main Level, Upper Level & Lower Level) Wood Frame Concrete Block Log Siding Asphalt Shingles Retail Area: Vaulted Office/Storage Areas: 8 Floor Drains: 4 Bathrooms: Parking: Security: Utility Companies: Zoning: PID #: Legal Description: Neighboring Businesses: 2 on Main Floor & 1 in Lower Level 16+ On-Street Parking Wired in Gas: Xcel Energy Electric: Crow Wing Power DMU - Downtown Mixed Use Z009 & A009 Lot 5 Block 3 except N 18 ft of the E 60 ft and also including the N 2 ft of Lot 6 Block 3. AND N 18 ft of the E 60 ft of Lot 5 Block 3. Businesses nearby include Lakes Latte, Lucky s Tavern, Lakes Dental, plus several other shops and boutiques. Others include Dollar General, Wells Fargo, Super America, Family Dollar, Oasis Restaurant, Liquor & Gas, Super Value, Dairy Queen, Pequot Fire Hall Center, TimberJack and many more. 4

5 { Floor Plans } 5

6 { Photos } Front/West Side of Building Covered Porch Back/East Side of Building Main Level - Retail Main Level - Retail Main Level - Office 6

7 { Photos } Main Level - Storage Main Level - Retail Main Level & Upper Level - Retail Upper Level - Retail Upper Level - Retail Upper Level - Retail 7

8 { Photos } Lower Level - Kitchen Lower Level - Office Lower Level - Retail Lower Level - Retail Lower Level - Storage Lower Level - Storage 8

Fun Sisters Legion Pfeiffer Pharmacy Pequot Eye Center Chamber Downtown Retail Shopping Commercial Building Country

9 { Aerial } N Dollar General ProBuild Fire Hall Center Joe s Pizza Merritt Jewelers Museum Twin Pines Weise Crafts Hardware Office Supply USPS Wells Fargo Family Dollar Super America Boardwalk Scoops Lakes Dental Lucky s Lakes Latte Fun Sisters Legion Pfeiffer Pharmacy Pequot Eye Center Chamber Downtown Retail Shopping Commercial Building Country Corner Scandia North Condos Amalie s City Hall Fire Police 1st National Bank Pequot Lakes High School Essentia PAUL BUNYAN TRAIL 9

10 { Plat } Cole s Plat of Pequot 10

11 { Zoning Map } City of Pequot Lakes DMU - Downtown Mixed Use 11

12 { Zoning Description } DMU - Downtown Mixed Use Purpose & Intent: To provide a zoning classification for a mix of high-density residential and commercial uses. Development in this zone relies less on automobile traffic and more on walking, biking and other similar modes of transportation. Compatibility: The Downtown Mixed-Use zone is most compatible with and should be established next to the Urban Residential zone, but it also may be adjacent to the Transition Residential, Commercial and Light Industrial Zones. Lot, Use, & Density Requirements: Minimum Lot Width ft. Buildable Lot Area... 2,250 sq. ft. Max. Imp. Coverage w/storm sewer... 90% Max. Imp. Coverage wo/storm sewer... 50% 12

13 { Traffic Counts } 2007 Counts from MNDOT Pequot Lakes Traffic Counts: 10,000-12,200 on Hwy 371 and 8,200-8,500 on CR 11 (Main St.) 13

14 { Location Map } North South 14

15 { Demographics } Trade Area 2015 Population (Includes the following counties): Crow Wing County 64,354 Cass County 29,107 Total Trade Area Population 93, Population: Pequot Lakes 7,560 Brainerd 30,237 Baxter 7,894 Estimated Summer Population: Brainerd/Baxter 200,000+ Projected Population Growth Change Crow Wing County 0.53% Pequot Lakes 0.71% Households in 2015: Crow Wing County 27,048 Pequot Lakes 3, Median Household Income: Crow Wing County $49,559 Pequot Lakes $52,485 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. 15

16 { 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: Aldi Anytime Fitness Auto Zone Best Buy Big Lots Book World Brother s Motorsports Cashwise Liquor (2) Christmas Point Costco Cub Foods (2) Discount Tire Dunham s Sports East Brainerd Mall (17 Retailers) Fleet Farm Gander Mountain Herberger s Home Depot JC Penney s Jiffy Lube Kohl s Major Retailers Continued: Menards Office Max Sears Super One Super Wal-Mart Target The Power Lodge Walgreens Westgate Mall (27 Retailers) Westside Liquor Restaurants/Fast Food: 218 Local 371 Diner 612 Station Antler s Applebee s Arby s Bar Harbor Baxter s Billy s Black Bear Lodge & Saloon Boomer Pizza Boulder Tap House Breezy Point Marina Brick House Pizza Buffalo Wild Wings Burger King Burritos California 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) Diamond House Domino s Pizza El Tequila Erbert & Gerberts Ernie s Four Seas Giovanni s Pizza Restaurants/Fast Food Continued Grizzly s Grill & Saloon Half Moon Saloon Hardee s Hunt N Shack Jack s House Jake s Jimmy John s KFC (2) Lucky s Madden s Classic Grill Manhattan Beach Maucieri s McDonalds (3) Moonlite Bay Northern Cowboy s 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 Sakura Sawmill Inn Sherwood Forest Starbucks (2) Subway (3) Taco Bell Taco John s The Barn The Chap The Commander The Pines at Grandview Tim Horton s Timberjack Wendy s (2) Ye Ole Wharf Zorbaz (2) 16

17 { 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. 17

18 { Agency Disclosure } 18

19 { 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 Nate Grotzke, CCIM Tim Miller, CCIM Kevin Close Rod Osterloh, ALC Jody Osterloh cell chris@closeconverse.com cell nate@closeconverse.com cell tim@closeconverse.com cell kevin@closeconverse.com cell osterloh@closeconverse.com cell jody@closeconverse.com 19

HWY 210 EAST, BRAINERD, MN 56401

HWY 210 EAST, BRAINERD, MN 56401 COMMERCIAL REAL ESTATE BUSINESS BROKERAGE LAND & BUILDING DEVELOPMENT INVESTMENT & INCOME PROPERTIES TAX DEFERRAL STRATEGIES { Table of Contents } Page 3, 4 Features 5-7