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Division of Coldwell Banker Commercial NRT
HERRINGTON LAKE MARINAFull Service Marina & Restaurant
Lancaster, Kentucky
Eddy A. DingmanNational Golf Course & Marina Properties Group
847-313-4633 | [email protected]
CoNfiDENTiAl lisTiNg: Please Do Not Disturb Employees
National Golf and Marina Properties Group | Coldwell Banker Commercial NRT
HERRINGTON LAKE MARINAFull Service Marina & Restaurant
Lancaster, Kentucky
i
confidential listing: Please do not disturb employees
I. ExEcuTIvE SuMMARy ............................................... 1 - Marina Overview
- Property Overview
II. PROPERTy LOcATION ............................................... 4 - Property Photographs
- Aerial Photograph
III. LOcATION OvERvIEw ............................................... 8 - About Herrington Lake
- About Lancaster
IV. DEMOGRAPHIcS ...................................................... 10 - Radius Map
- Radius Demographics
V. cONFIDENTIALITy AGREEMENT ............................. 16 - NG&M Properties Group Non Discolure
VI. cONTAcT INFORMATION ......................................... 18 - contact Details
TAbLE OF cONTENTS
National Golf and Marina Properties Group | Coldwell Banker Commercial NRT
HERRINGTON LAKE MARINAFull Service Marina & Restaurant
Lancaster, Kentucky
1
confidential listing: Please do not disturb employees
The National Golf and Marina Properties Group of coldwell banker commercial NRT is pleased to present the opportunity to own one of the largest and most modern full service marina’s and restaurant on Herrington Lake.
The marina parcel occupies 3.2± acres and consists of 200 boat slips (127 covered and 73 XQFRYHUHG���D�������6)�UHVWDXUDQW��UHQWDO�ERDWV�DQG�¿YH�����EXQJDORZV�ÀRWHOV�RQ�WKH�ZDWHU��RQH�����ÀRDWLQJ�PHJD�KXW�RQ�WKH�ZDWHU�DQG�WZR�����FDELQV�ORFDWHG�LQ�WKH�ZRRGV�IRU�D�PRUH�UXVWLF�IHHO���,W�LV�ORFDWHG�DW�����6RXWK�+RPHVWHDG�/DQH�LQ�/DQFDVWHU�.HQWXFN\��DSSUR[LPDWHO\����PLOHV�IURP�/H[LQJWRQ�DQG�����KRXUV�IURP�/RXLVYLOOH�RU�&LQFLQQDWL�
7KH�ODNH�LV����PLOHV�ORQJ�DQG�IXOO�RI�JUHDW�YLHZV�DQG�FRRO�UHIUHVKLQJ�ZDWHU�IRU�VNLLQJ��ZDNH�ERDUGLQJ��MHW�VNLLQJ��WXELQJ��¿VKLQJ��VXQQLQJ��RU�VLPSO\�MXVW�ERDW�ULGLQJ��7KHQ��DIWHU�D�ORQJ�GD\�RI�UHOD[LQJ�\RX�FDQ�XQZLQG�DW�WKH�EHVW�UHVWDXUDQW�RQ�WKH�ODNH�DQG�ZLWKLQ����PLOHV�RI�WKH�ODNH�
PuRcHASE PRIcE: $2,800,000
ExEcuTIvE SuMMARy
National Golf and Marina Properties Group | Coldwell Banker Commercial NRT
HERRINGTON LAKE MARINAFull Service Marina & Restaurant
Lancaster, Kentucky
2
confidential listing: Please do not disturb employees
PROPERTy OvERvIEw
The property amenities are abundant and include a restaurant, general store, boat slips and rentals, lake lodging, boat services and lake side services. The property also includes a residential home. A description of each of those services is found below:
Restaurant���,GOHUV�&RYHU�LV�WKH�EHVW�VHDIRRG�UHVWDXUDQW�RQ�WKH�ODNH��DQG�VHUYHV�WKH�RQO\�IUHVK�ZKLWH�¿VK�sandwich in the area on the lake. The outdoor dining experience is second to none within 100 miles! Offering a wide variety of dishes that suit all tastes - serving lunch and dinner seven days a week, with breakfast served on weekends DQG�KROLGD\V��UHVWDXUDQW�VHDWLQJ�IRU����LQVLGH�QDG����RXWVLGH�
General Store���,QFOXGHV�ERDWLQJ�VDIHW\�LWHPV��¿VKLQJ�VXSSOLHV�DQG�DSSDUHO���7KH�VWRUH�DOVR�FDUULHV�VQDFNV�DQG�LFH��VXQWDQ�ORWLRQ��OLYH�DQG�DUWL¿FLDO�EDLW��VRXYHQLUV���Also includes high octane fuel (89 and 93), oil and batteries.
Slips and Rentals - covered slips for runabouts, pontoons and cruisers. Open slips for houseboats - includes water and electric, Satellite hook-up is available. Overnight moorings are also available.
Rentals include pontoon boats and tubes available on a daily basis. Kayak rentals are available on an hourly or daily basis.
Lake Lodging - Imagine waking up to beautiful view of the lake from the porch of a bungalow or mega hut on the lake. Offering overnight stays where, if you have a boat, you can tie it up in front of your cabin. Restrooms and hot water showers located on site. Lodging options are as follows:
Mega Hut:�2Q�WKH�ZDWHU����EHGURRPV������EDWK��NLWFKHQ��OLYLQJ�URRP��ODXQGU\�DQG�GHFN���6OHHSV�XS�WR���Bungalows: On the water featuring air conditioning, satellite Tv, double occupancy and bed linens.Cabins: Nestled in the woods. Full amenities. Sleeps up to 4.
National Golf and Marina Properties Group | Coldwell Banker Commercial NRT
HERRINGTON LAKE MARINAFull Service Marina & Restaurant
Lancaster, Kentucky
3
confidential listing: Please do not disturb employees
Boat Services/Valet Service - Offering FuLL boat services including cleaning top to bottom, repair, hauling, JDV�XS�DQG�VWDUW�XS���$OVR�RIIHULQJ�FDU�YDOHW�VHUYLFH�WKDW�LQFOXGHV�FDUWLQJ�JRRGV�WR��IURP�ERDW�DQG�WUDVK�removal.
Lake Side/ Lake Home Services - Think of Herrington Lake Marina as a small community. we offer a variety of services to make the lives of our fellow lake dwellers just a little less task oriented and more fun! Spend the day lounging on the lake while we take care of the little things that can take away from your relaxation.
Lake Services Include:
Dry storage Facility
6XPPHUL]LQJ�:LQWHUL]LQJ
Authorized Hydrohoist Dealer
boat Detailing
valet Service & Track Pick-up
Lake Home Services Include:
General Repairs
Additions
Dock work
Dock building and Repairs
Grounds Keeping
Residential Property���3URSHUW\�LQFOXGHV�D�������6)��WZR�VWRU\��WKUHH�EHGURRP��WKUHH�EDWKURRP�UHVLGHQWLDO�parcel occupying 1.1 acres and has a 1,200 SF two and half car detached garage with a 1,200 SF two bedroom apartment atop the garage. both house and apartment have large decks overlooking the marina and Herrington Lake.
PROPERTy OvERvIEw
National Golf and Marina Properties Group | Coldwell Banker Commercial NRT
HERRINGTON LAKE MARINAFull Service Marina & Restaurant
Lancaster, Kentucky
4
confidential listing: Please do not disturb employees
National Golf and Marina Properties Group | Coldwell Banker Commercial NRT
HERRINGTON LAKE MARINAFull Service Marina & Restaurant
Lancaster, Kentucky
��
confidential listing: Please do not disturb employees
National Golf and Marina Properties Group | Coldwell Banker Commercial NRT
HERRINGTON LAKE MARINAFull Service Marina & Restaurant
Lancaster, Kentucky
6
confidential listing: Please do not disturb employees
Residential Home Photographs
National Golf and Marina Properties Group | Coldwell Banker Commercial NRT
HERRINGTON LAKE MARINAFull Service Marina & Restaurant
Lancaster, Kentucky
7
confidential listing: Please do not disturb employees
AERIAL PHOTOGRAPH
National Golf and Marina Properties Group | Coldwell Banker Commercial NRT
HERRINGTON LAKE MARINAFull Service Marina & Restaurant
Lancaster, Kentucky
8
confidential listing: Please do not disturb employees
About Herrington Lake - Herrington Lake was created in the 1920’s when a dam was constructed DFURVV�WKH�'L[�5LYHU�WKUHH�PLOHV�XSVWUHDP�IURP�LWV�FRQÀXHQFH�ZLWK�WKH�.HQWXFN\�5LYHU���7KH�SXUSRVH�of the dam was to establish a reservoir which would provide the water to operate a hydroelectric generating station. The dam also provided the State of Kentucky with the capability to partially mitigate ÀRRGLQJ�RQ�WKH�.HQWXFN\�5LYHU�E\�KROGLQJ�EDFN�ZDWHU�LQ�+HUULQJWRQ�/DNH�GXULQJ�FULWLFDO�SHULRGV���&RQVWUXFWLRQ�RI�'L[�'DP�EHJDQ�LQ�WKH�IDOO�RI�������LPSRXQGPHQW�RI�ZDWHU�EHJDQ�RQ�0DUFK�����������and the project was completed and power generation began in October 1927.
$W�WKH�WLPH�RI�LWV�FRQVWUXFWLRQ�'L[�'DP�ZDV�WKH�ODUJHVW�URFN�¿OOHG�GDP�LQ�WKH�ZRUOG��DQG�ZDV�WUXO\�DQ�engineering marvel located minutes from cincinnati.
About The City of Lancaster - Established in 1797, Lancaster serves as the county seat of Garrard county, and sits in the bluegrass region of Kentucky at the foothills of the Appalachian mountains. Lancaster’s geographic location serves as a cross-roads for the region as it sits at the heart of Lexington, Richmond, Danville, Somerset, and berea. The Lancaster Square is a hub of activity at the intersection of Highways 27 and ���
with a population of well-over 4,000, Lancaster is rich in history. Lancaster and Garrard county boast four former governors and the beautifully restored Governor william Owsley House in Lancaster serves DV�D�SRSXODU�WRXULVW�DWWUDFWLRQ���1HDUO\����EXLOGLQJV�LQ�WKH�FLW\�DUH�OLVWHG�RQ�WKH�1DWLRQDO�+LVWRULF�5HJLVWHU�with a number of them in the downtown area currently undergoing renovation. Most prominent of these LV�WKH�*UDQG�7KHDWHU��RULJLQDOO\�FRQVWUXFWHG�LQ��������7KH�*DUUDUG�&RXQW\�+LVWRULFDO�6RFLHW\�LV�DOVR�located in Lancaster.
Lancaster supports K-12 public schools and post-secondary education via the Lancaster Higher Education center, which houses a campus of Eastern Kentucky university and the bluegrass community and Technical college. Lancaster’s public library, housed in buildings dating back to 1810 DQG�������KDV�ORQJ�HQMR\HG�WKH�SDWURQDJH�RI�LWV�FLWL]HQV
The chamber of commerce is actively involved in the community, providing valuable services such as free training serminars and town hall meetings with local and state government representatives. And WKH�QHZO\�HVWDEOLVKHG�2I¿FH�RI�(FRQRPLF�'HYHORSPHQW�LV�PDNLQJ�VLJQL¿FDQW�VWULGHV�LQ�GHYHORSLQJ�existing businesses and attracting new businesses to the city and county.
Lancaster also provides a number of religious outlets with its churches of varying denominations.
LOcATION OvERvIEw
National Golf and Marina Properties Group | Coldwell Banker Commercial NRT
HERRINGTON LAKE MARINAFull Service Marina & Restaurant
Lancaster, Kentucky
9
confidential listing: Please do not disturb employees
LOcATION OvERvIEw
National Golf and Marina Properties Group | Coldwell Banker Commercial NRT
HERRINGTON LAKE MARINAFull Service Marina & Restaurant
Lancaster, Kentucky
10
confidential listing: Please do not disturb employees
DEMOGRAPHIcS
Population 1-mi. 3-mi. 5-mi.
Total Population 389 4,380 ������
Group Quarters Population 0 ��� 397
urban Population 0 ��� ���
Rural Population 389 4,221 9,902
Not defined 0 0 0
Adult Population 306 3,491 8,403
Ratio of Males to Females 1.1 1.1 1.1
Female Population 190 ����� �����
Male Population 199 ����� �����
Land Area (Square Miles) 3.0 31.9 91.9
Age 1-mi. 3-mi. 5-mi.
Median Age, Total 42.8 ���� 43.7
Median Age, Male 42.6 43.7 42.7
Median Age, Female 43.0 ���� 44.7
% Age 18+ 78.6 79.7 78.8
% Age 21+ ���� 76.7 ����
��$JH���� 29.1 31.4 30.2
��$JH���� 13.0 14.7 14.7
National Golf and Marina Properties Group | Coldwell Banker Commercial NRT
HERRINGTON LAKE MARINAFull Service Marina & Restaurant
Lancaster, Kentucky
11
confidential listing: Please do not disturb employees
DEMOGRAPHIcS
Ethnicity 1-mi. 3-mi. 5-mi.
% white ���� 94.8 94.3
% black 0.2 1.8 2.2
% Asian 0.4 0.4 0.3
% Hispanic 2.4 ��� 1.6
% Other 1.6 ��� 1.6
5 Year Projections 1-mi. 3-mi. 5-mi.
Total Population 440 4,719 ������
Group Quarters Population 0 ��� 397
Adult Population ��� 3,804 9,109
Total Households 170 1,784 4,443
Per capita Income (based on Total Population) 29,204 28,489 30,096
Total Population 16+ 363 3,919 9,391
5 Year Ethnicity Projections 1-mi. 3-mi. 5-mi.
% white ���� 94.7 94.2
% black 0.2 1.8 2.1
% Asian ��� 0.4 0.4
% Hispanic 2.3 ��� 1.6
% Other 1.7 1.6 1.7
Housing and Household's 1-mi. 3-mi. 5-mi.
Total Housing units 172 2,163 4,981
Total Households 147 1,637 4,106
Owner-Occupied: Owned with a mortgage or loan 97 1,024 2,471
Owner-Occupied: Owned free and clear 34 408 1,039
Renter-Occupied 17 ��� ���
Aggregate contract Rent $8,983 ������� ��������
Average (Mean) Number of vehicles Available 2.3 2.1 2.2
National Golf and Marina Properties Group | Coldwell Banker Commercial NRT
HERRINGTON LAKE MARINAFull Service Marina & Restaurant
Lancaster, Kentucky
12
confidential listing: Please do not disturb employees
DEMOGRAPHIcS
Housing Value 1-mi. 3-mi. 5-mi.
Housing value < $10,000 0 0 2
Housing value $10,000-$14,999 0 10 31
+RXVLQJ�9DOXH������������������ 0 0 0
Housing value $20,000-$24,999 0 � 10
+RXVLQJ�9DOXH������������������ 1 20 ��
Housing value $30,000-$34,999 1 10 24
+RXVLQJ�9DOXH������������������ 0 1 9
Housing value $40,000-$49,999 0 7 28
+RXVLQJ�9DOXH������������������ 2 46 ���
Housing value $60,000-$69,999 0 13 41
Housing value $70,000-$79,999 1 �� 110
Housing value $80,000-$89,999 � �� 139
Housing value $90,000-$99,999 31 179 349
Housing value $100,000-$124,999 8 128 317
+RXVLQJ�9DOXH������������������� �� 224 ���
+RXVLQJ�9DOXH������������������� �� 241 ���
+RXVLQJ�9DOXH������������������� 4 90 261
Housing value $200,000-$249,999 14 161 381
+RXVLQJ�9DOXH������������������� 11 64 143
Housing value $300,000-$399,999 0 �� 138
Housing value $400,000-$499,999 0 26 73
+RXVLQJ�9DOXH������������������� 1 31 110
+RXVLQJ�9DOXH������������������� 0 11 33
Housing value $1,000,000 or more 0 2 ��
Total Owner-occupied housing units (OOHu) 131 1,432 �����
Income 1-mi. 3-mi. 5-mi.
Per capita Income (based on Total Population) $24,181 $24,104 �������
Average (Mean) Household Income $66,817 $66,137 $66,837
Median Household Income ������� ������� �������
Aggregate Income ���������� $108,249,913 ������������
National Golf and Marina Properties Group | Coldwell Banker Commercial NRT
HERRINGTON LAKE MARINAFull Service Marina & Restaurant
Lancaster, Kentucky
13
confidential listing: Please do not disturb employees
DEMOGRAPHIcS
% Households by Income 1-mi. 3-mi. 5-mi.
% Household Income < $10,000 11 7.4 ���
% Household Income $10,000-$14,999 2.1 ��� ���
��+RXVHKROG�,QFRPH����������������� 1.2 3.0 3.7
% Household Income $20,000-$24,999 2.6 3.0 3.3
��+RXVHKROG�,QFRPH����������������� ��� 3.9 4.1
% Household Income $30,000-$34,999 ��� 4.6 ���
��+RXVHKROG�,QFRPH����������������� 4.9 6.0 ���
% Household Income $40,000-$44,999 3.0 4.8 ���
��+RXVHKROG�,QFRPH����������������� 1.8 ��� 4.2
��+RXVHKROG�,QFRPH����������������� 14.0 10.9 9.9
% Household Income $60,000-$74,999 ���� 14.3 12.3
��+RXVHKROG�,QFRPH����������������� 16.8 ���� 16.9
% Household Income $100,000-$124,999 8.0 7.8 7
��+RXVHKROG�,QFRPH������������������ ��� 6.2 ���
��+RXVHKROG�,QFRPH������������������ 4.7 2.7 2.6
% Household Income $200,000-$249,999 0.1 ��� 0.9
��+RXVHKROG�,QFRPH������������������ 0.1 ��� 0.7
��+RXVHKROG�,QFRPH���������� 0 0.2 0.2
Education 1-mi. 3-mi. 5-mi.
college undergraduate 1 62 181
Graduate or prof school 1 14 40
Employment and Occupation 1-mi. 3-mi. 5-mi.
Total civilian employed population aged 16+ 183 ����� �����
National Golf and Marina Properties Group | Coldwell Banker Commercial NRT
HERRINGTON LAKE MARINAFull Service Marina & Restaurant
Lancaster, Kentucky
14
confidential listing: Please do not disturb employees
DEMOGRAPHIcS
% Employment by Industry 1-mi. 3-mi. 5-mi.
% Armed Forces 0 0 0
% civilian, Employed ���� ���� ����
% civilian, unemployed 2.9 3.2 4.2
% Not in Labor Force 39.3 44.3 43.7
��$JULFXOWXUH��IRUHVWHU\��ILVKLQJ�KXQWLQJ��PLQLQJ 0.8 1.9 3.1
% construction 13.7 7.7 8.7
% Manufacturing 17.0 14.8 ����
% wholesale trade 3.1 3.7 4.6
% Retail trade 30.2 ���� ����
% Transportation and warehousing and utilities 1.7 ��� 4.6
% Information 4.3 1.9 1.8
% Finance and ins, real estate, rental and leasing 1.9 3.7 3.4
% Professional, sci, mgmt, admin and waste mgmt svcs 1.3 6.4 4.9
% Educational svcs, health care and social asst 12.9 ���� ����
% Arts, entertainmnt, recreation, accom. and food svcs 6.4 ���� 13.2
% Other svcs, except public admin 2.1 2.3 ���
% Public admin ��� 3.8 3.3
Transportation to Work 1-mi. 3-mi. 5-mi.
Total workers 16+ 183 ����� �����
car, truck, or van 172 ����� 4,193
Public transport (not taxi) 0 0 0
Taxicab 0 0 0
Motorcycle 0 0 0
bicycle 0 0 0
walked 2 44 114
Other means 0 1 1
worked at home 9 101 ���
National Golf and Marina Properties Group | Coldwell Banker Commercial NRT
HERRINGTON LAKE MARINAFull Service Marina & Restaurant
Lancaster, Kentucky
���
confidential listing: Please do not disturb employees
DEMOGRAPHIcS
Consumer Expenditures 1-mi. 3-mi. 5-mi.
Average Apparel $1,699.7 $1,664.3 ��������
Average Education $806.1 $773 ������
Average Entertainment $2,918.2 $2,861.4 ��������
Average Food and beverages $7,284.3 �������� $7,120.8
Average Gifts $1,071.9 �������� $1,061.6
Average Health care $3,900.4 $4,043.4 ��������
Average Household Furnishings and Equipment $1,733.9 �������� $1,688.3
Average Household Operations $1,121.7 $1,088.7 $1,089.2
Average Personal care ������ $686.6 $679.0
Average Personal Expenditure ������ $788.6 ������
Average Reading $110.9 ������ $112.9
Average Shelter �������� $8,729.8 $8,696.7
Average Transportation $9,613.2 $9,422.4 $9,348.2
Average utilities $4,072.3 $4,083.0 ��������
Demand by Store Type 1-mi. 3-mi. 5-mi.
Motor vehicle & Parts Dealers �������� ���������� $14,363,124
Furniture & Home Furnishings Stores ������� $732,342 ����������
Electronics & Appliance Stores ������� �������� ����������
building Material & Garden Equipment & Supply Dealers $117,487 $1,331,896 $3,292,882
Food & beverage Stores �������� ���������� �����������
Health & Personal care Stores $110,761 ���������� $3,104,139
Gasoline stations �������� ���������� �����������
clothing & clothing Accessories Stores $123,937 ���������� $3,384,736
Sporting Goods, Hobby, book, & Music Stores $40,629 �������� ����������
General Merchandise Stores $411,972 ���������� $11,230,497
Miscellaneous Store Retailers $80,239 $887,748 ����������
Nonstore retailers $148,478 ���������� ����������
Foodservice & Drinking Places $417,636 ���������� $11,339,030
General Merchandise, Apparel and Accessories, Furniture and Other Sales$722,033 ���������� $19,672,283
2012/2013 Demographics provided by Experian through Alteryx
National Golf and Marina Properties Group | Coldwell Banker Commercial NRT
HERRINGTON LAKE MARINAFull Service Marina & Restaurant
Lancaster, Kentucky
16
confidential listing: Please do not disturb employees
CONFIDENTIALTY AGREEMENT
This confidentiality Agreement (“Agreement”) is made as of the _______ day of ________________________, 2014 by NATIONAL GOLF & MARINA PROPERTIES GROuP of coldwell banker commercial NRT and ___________________________________________ (“Recipient”).
wHEREAS, Owner is the owner of the Property known as Confidential Marina Property (the “Property”) and Recipient is a party interested in purchasing the Property from Owner (“Owner”), or Recipient is an advisor representing a party that has expressed interest in purchasing the Property from Owner (an “Interested Party”);
wHEREAS, in order to evaluate the possible sale of the Property, Recipient has requested access to certain confidential and proprietary information the unauthorized release of which could cause serious harm to Owner; and
wHEREAS, Owner is willing to provide such information if it has adequate assurances that the information will be kept confidential;
NOw, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Recipient agrees as follows:
1. Recipient acknowledges that all documents, analyses, records, statements, etc. (the “confidential Information”) provided by Owner or its broker, National Golf & Marina Properties Group of coldwell banker commercial NRT(“Owner’s broker”) are confidential and proprietary to Owner. The term confidential Information does not include information that (i) is already in Recipient’s possession (other than information previously furnished to Recipient by Owner or its agents), provided that such information is not known by Recipient to be subject to another agreement or obligation of confidentiality, or (ii) becomes generally available to the public other than as a result of a disclosure by Recipient or those to whom Recipient has provided confidential Information (confidential Information shall not be deemed to be generally available to the public orin the public domain merely because any part of any confidential Information is embodied in general disclosures or because individual features, components, or combinations thereof are now known or become known to the public), or (iii) becomes available to Recipient on a non-confidential basis from a source other than Owner or its agents or advisors, provided that such source is not known by Recipient to be bound by an agreement or other obligation of confidentiality. Recipient shall keep all such information confidential and shall not, except as may be required by law, regulation or legal process binding upon Recipient, disclose, summarize or otherwise provide any or all of the confidential Information in any manner without theprior written authorization of Owner, except as otherwise set forth in this Agreement. Recipient may disclose the confidential Information to the Interested Party, provided such Interested Party has previously executed and delivered to Owner a confidentiality agreement in the form of this Agreement. Recipient shall not photocopy or reproduce the confidential Information in any manner.
2. Recipient may use any or all of the confidential Information only for the purpose of its analysis of the possible purchase of the Property. If Recipient is an Interested Party, it may summarize any or all of the confidential Information only in that connection. Recipient shall not use any of the confidential Information for any other purpose.
3. On a “need-to-know” basis only and solely for the purposes of assisting Recipient in evaluating the purchase of the Property, Recipient may disclose, summarize or otherwise provide any portion of the confidential Information (1) to Recipient’s partners and employees, and (2) if Recipient is an Interested Party, also to its accountants, potential lenders, lawyers, agents and other advisors. In either event, Recipient shall give a copy of this Agreement to all persons to whom it gives access to the confidential Information and shall inform all such persons that the confidential Information is confidential and proprietary to Owner, and the confidential Information must be maintained as confidential, and that none of the confidential Information may be disclosed without prior written authorization by Owner.
National Golf and Marina Properties Group | Coldwell Banker Commercial NRT
HERRINGTON LAKE MARINAFull Service Marina & Restaurant
Lancaster, Kentucky
17
confidential listing: Please do not disturb employees
4. If the Property is not sold to Recipient’s Interested Party, Recipient shall promptly return to Owner all confidential Information it received at Owner’s or Owner’s broker’s request. If Recipient is an Interested Party and Recipientdetermines that it is not interested in purchasing the Property, Recipient shall promptly return to Owner all confidential Information it received at Owner’s or Owner’s broker’s request.
��� Owner and Owner’s broker make no representation or warranty about the accuracy or completeness of any confidential Information. Recipient releases and holds Owner and Owner’s broker harmless from and against any loss or damage Recipient may sustain due to its reliance on any of the confidential Information. If Recipient is an Interested Party,the provisions of this Agreement shall not be amended, merged into or otherwise modified by any subsequent agreement entered into between Recipient and Owner or any instrument executed by Owner for Recipient’s benefit unless such agreement or instrument expressly states so.
6. If any party believes that the unauthorized disclosure of any or all of the confidential Information is likely to occur, Recipient shall take all reasonable measures, and shall support any reasonable measures by Owner, to prevent such disclosure. If an unauthorized disclosure of any or all of the confidential Information has occurred, Recipient shall not interfere with any effort by Owner to pursue legal and equitable remedies available in result of the unauthorized disclosure.
7. It is understood and acknowledged that unauthorized release of any or all of the confidential Information would cause immediate and irreparable harm to Owner that could not be repaired and for which Owner could not be fully compensated by money damages. Recipient agrees that Owner may obtain injunctive relief to prevent or limit such unauthorized disclosure, and may also pursue any other remedies available under law or equity in result of an alleged or reasonably anticipated breach of this Agreement. Recipient agrees to pay any damages incurred by Owner as a result of Recipient’s breach of this Agreement, including but not limited to court costs and reasonable attorneys’ fees.
8. This Agreement shall be governed by and construed in accordance with the laws of the State of Georgia, without regard to principles of choice of law or conflicts of law. This Agreement shall be binding upon Recipient’s successorsand assigns, and shall inure to the benefit of Owner’s successors and assigns. This Agreement shall terminate as of the date that is one year from the date Recipient returns the confidential Information to Owner as required in Section 4 of this Agreement.
REcIPIENT:
company: ___________________________________ Title: __________________________________
Signature: ____________________________________ E-mail: ___________________________________
Print Name: ___________________________________ Phone: ___________________________________
Please return signed CA to [email protected] – or via fax to 781-810-9653
National Golf and Marina Properties Group | Coldwell Banker Commercial NRT
HERRINGTON LAKE MARINAFull Service Marina & Restaurant
Lancaster, Kentucky
18
confidential listing: Please do not disturb employees
Exclusive Agent:
Eddy A. Dingman, Marina brokerdirect 847-313-4633Mobile 847-987-6626HID[�������������[email protected]
Valerie Rivera, Marina broker Associatedirect 847-313-4620e-fax [email protected]
cONTAcT INFORMATION