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 Floor Plans 8 Site Plan 9, 10 Photos 11 Aerial Photo 12 Traffic Counts 13 Location Map 14, 15 Demographics 16 Thank You 17 Agency Disclosure 18 Contact 2
{ Features } East Brainerd Mall. Locate or expand your retail or office business on one of Brainerd s busiest intersections at Highways 210 & 25! This highly visible, easily accessible strip mall location provides an attractive opportunity for you to join a growing list of first-class tenants including Caribou, Subway, Cub Foods, and many more. Enjoy prime turn-key retail or office space in either the South Strip or the North Strip at the East Brainerd Mall. Location: 415 8th Avenue NE, Brainerd, MN 56401 Directions: From the historic water tower in downtown Brainerd - East on Washington Street/Hwy 210 - The East Brainerd Mall is on the north at the intersection of Hwy 210 and CR 3 Lease Space: South Strip Center: 1,344 sq. ft. (Suite 615) 1,440 sq. ft. (Suite 629) North Strip Center: 5,750 sq. ft. (Suite 411 - Formerly Anytime Fitness) INTRO LEASE RATE: $12.00/sq. ft. Triple Net 2015 Operating Expenses: $3.35/sq. ft. Total Taxes: $2.04/sq. ft. Insurance: $0.11/sq. ft. CAM: $1.20/sq. ft. Water & Sewer: Heating: Cooling: City Natural Gas Forced Air Electric Roof Top Units Continued on next page. 3
{ Features } Lighting: Electric: Construction Type: Foundation: Roof: Exterior: Fluorescent 200 Amp, Three-Phase Concrete Block Poured Concrete Flat - Asphalt Membrane Glass, Brick Veneer & Cement Board Siding Ceiling Height: 10 Bathrooms: South Strip 615: 1 South Strip 629: 2 North Strip 411: 2 Sprinkled: Floor Drains: Security: High Speed Internet: Parking: Frontage: East Brainerd Mall Tenants: Neighboring Businesses: Yes Varies per Space Yes Yes Ample parking available throughout the development Along Hwy 210, CR 3 and E Street Cub Foods, Four Seas Super Buffet, Dollar Tree, Lutheran Social Services, Greater Minnesota Family Services, Subway, Caribou Coffee, Health First Chiropractic, Ascensus, Deerwood Bank, Great Clips, Tobacco Den, and Verizon. Neighboring businesses include, KFC, McDonald s, Anytime Fitness, Cash Wise Liquor, Cash Wise Video, Little Farm Market, Goodwill, Triangle Gas Station, Nelson-Doran Funeral Home, Bethlehem Church, Mr. Tubbs, plus many others. 4
{ Floor Plan } South Strip Suite 615 5
{ Floor Plan } South Strip Suite 629 6
{ Floor Plan } North Strip Suite 411 7
{ Site Plan } CUB FOODS 61,827 SF CUB STORAGE 2,148 SF COMMON AREA 1,604 SF ASCENSUS 11,443 SF MAINT. OFFICE 537.5 SF FOUR SEAS SUPER BUFFET 7,629 SF DOLLAR TREE 10,000 SF LSS 8,326 SF GREATER MN FAMILY SERVICES 3,539 SF COMMON AREA 5,036 SF ASCENSUS 45,980 SF HEALTH FIRST 2,353 SF SUBWAY 1,844 SF VACANT RETAIL / OFFICE SPACE DEERWOOD BANK 3,518 SF SUITE 615 1,344 SF GREAT CLIPS 1,440 SF SUITE 629 1,440 SF TOBACCO DEN 2,934 SF VERIZON 3,519 SF SUITE 411 5,750 SF CARIBOU 1,589 SF 8
{ Photos } South Strip Center South Strip Center - Suite 629 South Strip Center - Suite 615 Suite 629 Suite 615 Suite 629 Suite 615 9
{ Photos } North Strip Center Suite 411 North Strip Center - Suite 411 Suite 411 Suite 411 10
{ Aerial Photo } N Cub Foods Four Seas The Local 218 Dollar Tree LSS Subway Caribou Health First Greater MN Family Services Ascensus North Campus MILL AVENUE/CR 3 Mr. Tubbs Bethlehem Church Anytime Fitness Fantastic Sams KFC Little Farm Market Cashwise Video Cashwise Liquor Retail Space Deerwood Bank Great Clips Tobacco Den Verizon HWY 25 Nelson Doran Funeral Home Ascensus South Campus Super America McDonalds WASHINGTON ST/HWY 210 11
{ Traffic Counts } 2015 Counts from MNDOT Brainerd Traffic Counts: 15,200-22,800 on Hwy 210 and 9,200 on Mill Ave/CR 3 12
{ Location Map } North South 13
{ Demographics } Figures from STDB, CCIM Trade Area 2016 Population (Includes the following counties): Crow Wing County 65,395 Cass County 29,482 Total Trade Area Population 94,877 2016 Population: Brainerd 30,596 Baxter 8,114 Estimated Summer Population: Brainerd/Baxter 200,000+ Projected Population Growth Change 2016-2021: Crow Wing County 0.60% Brainerd 0.40% Households in 2016: Crow Wing County 27,185 Brainerd 12,516 2016 Median Household Income: Crow Wing County $50,396 Brainerd $47,444 Crow Wing County Retail Sales in 2012: $1,124,967,000 2016 Crow Wing County Major Employers: Industry # of Employees Essentia Health - Central Region Healthcare 1,460 Cuyuna Regional Medical Center Healthcare 947 Brainerd School District Education 893 Grand View Lodge Tourism 720 Madden s Resort Tourism 550 Ascensus Technology 500 Breezy Point Resort Tourism 500 Clow Stamping Manufacturing 440 Crow Wing County Government 415 Cragun s Resort Tourism 380 Central Lakes College Education 325 Walmart Retail 320 Cub Foods/Super Valu (3 Stores) Retail 320 Ruttgers Bay Lake Resort Tourism 300 Anderson Brothers Construction Construction 260 Pequot Lakes School District Education 240 Crosby Ironton School District Education 240 Mills Automotive Retail 220 Bang Printing Manufacturing 218 City of Brainerd Government 208 Bethany Good Samaritan Healthcare 175 Costco Retail 175 Woodland Good Samaritan Healthcare 175 Landys+Gyr Inc. Energy 140 Nortech Systems Manufacturing 97 Continued on next page. 14
{ Demographics } Area Businesses: (To see a list of additional businesses, please go to www.explorebrainerdlakes.com) 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) 15
{ 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 representatives, we know the seller 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. 16
{ Agency Disclosure } 17
{ Contact } Address: 521 Charles Street PO Box 327 Brainerd, MN 56401 Telephone: 218-828-3334 Fax: 218-828-4330 Website: You may also contact the following members of the Close~Converse team by cell phone or email. Nate Grotzke, CCIM Tim Miller, CCIM Chris Close, CCIM Jody Osterloh Kevin Close Rod Osterloh, ALC 218-838-1000 cell nate@closeconverse.com 218-838-8772 cell tim@closeconverse.com 218-831-7510 cell chris@closeconverse.com 218-831-0712 cell jody@closeconverse.com 218-831-3077 cell kevin@closeconverse.com 218-831-1301 cell osterloh@closeconverse.com 18