FOR SALE | NNN INVESTMENT NNN LEASED LONE STAR STEAK HOUSE€¦ · NNN LEASED LONE STAR STEAK HOUSE...

SVN | Lord Partners | Managing Director314.862.5566 [email protected] #2005034294

KURT LORD

Council Chair Of Single [email protected]

PETER COLVIN

PROPERPROPERTTY HIGHLIGHTSY HIGHLIGHTS

New 15 Year Lease

Absolute Triple Net

Annual 2% Increases

In the Heart of Popular Branson MO

PRESENTED BPRESENTED BYY::

The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for itscorrectness.

All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

FOR SALE | NNN INVESTMENT

NNN LEASED LONE STAR STEAK HOUSE201 Wildwood Ave | Branson, MO 65616

SSALE OALE OVERVERVIEWVIEW PROPERPROPERTTY DESCRIPTIONY DESCRIPTION

The SVN Colvin Team is proud to present this absolute triple net leased restaurantin popular Branson Missouri at a very attractive cap rate and a new 15 year leaseterm.

The building is located in the heart of Branson on a hard corner and surrounded bytheaters, resorts, music venues, Tanger Outlets and numerous hotels and retailers.

This profitable Lone Star business was just purchased by Creative Foods LLC whohas updated the building. Creative Foods is a seasoned restaurant operator thatowns Texas Land and Cattle locations and Lone Star locations in TX, LA, IL and MO

The current rent is a very reasonable $23.97/SF and increases 2% annually. The 15year base term just started and goes to 7-31-2032. There are two 5 year renewalterms with 2% annual increases.

Branson is one of America's most popular tourist destinations featuring world classmusic theaters and entertainment. There are over 50,000 people within a 10 mileradius, plus hundreds of thousands of annual tourists. The property is co-listedwith MO licensed broker of Record SVN Lord Partners.

SALE PRICE: $2,450,000

CAP RATE: 8.16%

NOI: $199,819

LOT SIZE: 1.37 Acres

BUILDING SIZE: 8,337 SF

201 Wildwood Ave, Branson, MO 65616

NNN LEASED LONE STAR STEAK HOUSEFOR SALE | NNN INVESTMENT


PETER CPETER COLOLVINVIN

Council Chair Of Single Tenant [email protected]

KURKURT LT LORDORD

Managing Director314.862.5566 [email protected] #2005034294

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NNN LEASED LONE STAR STEAK HOUSESURROUNDED BY RETAIL/HOTELS/ENTERTAINMENT




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NNN LEASED LONE STAR STEAK HOUSEPRIME HARD CORNER LOCATION




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INVESINVESTMENT OTMENT OVERVERVIEWVIEW NNN LEANNN LEASED LSED LONE SONE STTARAR

Price $2,450,000

Price per SF $293.87

CAP Rate 8.2%

Cash-on-Cash Return (yr 1) 12.02 %

Total Return (yr 1) $127,692

Debt Coverage Ratio 1.79

OPERAOPERATING DTING DAATTAA NNN LEANNN LEASED LSED LONE SONE STTARAR

Gross Scheduled Income -

Other Income -

Total Scheduled Income -

Vacancy Cost -

Gross Income -

Operating Expenses -

Net Operating Income $199,819

Pre-Tax Cash Flow $88,329

FINANCING DFINANCING DAATTAA NNN LEANNN LEASED LSED LONE SONE STTARAR

Down Payment $735,000

Loan Amount $1,715,000

Debt Service $111,490

Debt Service Monthly $9,290

Principal Reduction (yr 1) $39,363






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NNN LEASED LONE STAR STEAK HOUSELONE STAR




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NNN LEASED LONE STAR STEAK HOUSEFAMOUS BRANSON MO


NNN LEASED LONE STAR STEAK HOUSELOCATION MAPS




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NNN LEASED LONE STAR STEAK HOUSEDEMOGRAPHICS




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POPULAPOPULATIONTION 3 MILES3 MILES 5 MILES5 MILES 10 MILES10 MILES

TOTAL POPULATION 11,157 23,635 52,105

MEDIAN AGE 41.5 39.6 40.9

MEDIAN AGE (MALE) 37.9 36.1 38.7

MEDIAN AGE (FEMALE) 43.6 41.7 42.3

HOUSEHOLDS & INCHOUSEHOLDS & INCOMEOME 3 MILES3 MILES 5 MILES5 MILES 10 MILES10 MILES

TOTAL HOUSEHOLDS 4,824 9,768 21,333

# OF PERSONS PER HH 2.3 2.4 2.4

AVERAGE HH INCOME $55,297 $58,049 $56,853

AVERAGE HOUSE VALUE $227,280 $192,723




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NNN LEASED LONE STAR STEAK HOUSETHE SVN COLVIN TEAM

Kurt Lord






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Managing Director

As the Managing Director SVN Lord Partners, and a St. Louis native,Kurt Lord directs investment sales activities for the brokerage.

As both a real estate broker and a member of the Missouri and IllinoisBar, Kurt utilizes his legal experience to streamline transactions andovercome hurdles in complex transactions.

Kurt's area of focus is sales of properties that are between $2 and $15million in price, and that often have a retail component. Kurt'sdatabase and marketing program are tuned to emphasize theattributes of the property and communicate them effectively tospecifically targeted buyers. The result: less time on the market andhigher sales price.

Kurt has sold single tenant buildings, retail shopping centers, land fordevelopment and retail oriented medical facilities in Missouri andIllinois. His area of expertise: challenging properties. Examples:sellinga 77% vacant retail shopping center for a price 45% above appraisedvalue, a retail shopping center needing significant capitalimprovements at a price 38% above price in 6 months prior appraisal,selling a bank owned property to a targeted national buyer, within 45days, and above target price.

Kurt has represented many real estate entities, including individuals,family trusts, TIC's, financial institutions, retailers, restaurateurs, andbankruptcy court trustees.

Kurt deploys his sales and marketing expertise acquired when he wasemployed by Procter & Gamble and Coca-Cola.

SVN | Lord Partners

Phone: 314.862.5566 x14

Email: [email protected]

Memberships & Affiliations

Missouri BarIllinois BarICSC - International Council of Shopping CentersNational Association of RealtorsMissouri Association of RealtorsSt Louis Association of RealtorsCCIM - Candidate

MO #2005034294

IL #471.008856

Fax: 314.862.5569

Cell: 314.960.5258

Address: 11475 Olde Cabin Road

Suite 230

St. Louis, MO 63141






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Peter ColvinCouncil Chair of Single Tenant InvestmentsSVN | Silveri Company

Peter and his son Chris have built a very strong national practicehelping people buy and sell quality single tenant investment realestate leased long term to strong tenants.

Peter serves as the Chairman of the National Single Tenant Group forSVN. He is consistently one of the “Top 10 Advisors in America” for thecompany out of 1600 + Advisors.

Peter has over 10 years of investment real estate experience and hascompleted nearly two billion dollars in transactions.

Peter specializes in 1031 Exchanges. He helps clients exchange theirmanagement intensive properties into safe, long term "mailbox"money passive investments. His SVN Teammates count on Peter tohandle their clients' 1031's as well.

Peter hosts The National Single Tenant Call and has been a featuredspeaker at national conferences and events.

Peter has won numerous local, regional, and national awards,including The CoStar Power Broker Award and The Partner CircleAward (SVN's highest honor) for many consecutive years. He wasvoted The SVN Team Player of the Year for back to back years.

Peter and Chris helped create "The Dollar General Fund" which ownsnew NNN leased Dollar Generals that investors can purchase units infor long term cash flow.

Peter and Chris co-founded “Easy Leasebacks" which has become avery popular vehicle for growing companies to use real estate equityto creatively fund their growth.

Colvin earned degrees in business and music from Aquinas College inGrand Rapids, Michigan, where he resides with his wife, Deb and sons.He enjoys going on adventures with his cool wife Deb, playing footballwith his college middle linebacker Cody and playing tennis andgrowing the business with his son Chris.

Phone: 616.893.1398

Email: [email protected]

Cell: 616.893.1398

Address: 580 Cascade West Parkway, S.E.

Grand Rapids, MI 49546

NNN LEASED LONE STAR STEAK HOUSE | 8,337 SF | BRANSON, MO

DISCLAIMER


The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of theproperty within and is not to be used for any other purpose. This information should not, under any circumstances, bephotocopied or disclosed to any third party without the written consent of the SVN® Advisor or Property Owner, or usedfor any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed inthis proposal, and no other person is authorized by the Owner to provide any information or to make anyrepresentations other than contained in this Offering Brochure. If the person receiving these materials does not chooseto pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.

Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy orcompleteness of the information contained herein, and nothing contained herein is or shall be relied upon as a promiseor representation as to the future representation of the Property. This Offering Brochure may include certain statementsand estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there canbe no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and allliability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, orany other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled torely solely on those representations and warranties that may be made to it in any final, fully executed and delivered RealEstate Purchase Agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not lookto Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates,for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conducttheir own comprehensive review and analysis of the Property.

This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expresslyreserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property andexpressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any timewith or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the OfferingBrochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed RealEstate Purchase Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an offer, aprospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and theSVN Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchasershould not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate PurchaseAgreement shall bind the property and each prospective purchaser proceeds at its own risk.

FOR SALE | NNN INVESTMENT NNN LEASED LONE STAR STEAK HOUSE€¦ · NNN LEASED LONE STAR STEAK HOUSE...

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