SALE O ALE OVER VERVIEW VIEW PROPER PROPERTY DESCRIPTION Y DESCRIPTION The SVN Colvin Team is proud to present this absolute triple net leased Lone Star Steak House in popular Branson Missouri. The building is located in the heart of Branson on a hard corner and surrounded by theaters, resorts, music venues, The Thousand Hills Golf Resort , The Tanger Outlets of Branson and numerous hotels and retailers. The 15 year lease increases 2% annually and runs through 12-28-2022 plus two 5 year renewal terms with 2% annual increases. The price per SF is a very attractive $299, about 1/2 of an Applebee's or Taco Bell. The lease has a corporate guarantee. Started in 1992, Lone Star Steakhouse is owned by Dallas-based private equity firm Lone Star Funds and has about 85 locations, per Hoover's. A local Branson bank has the loan on the property for the current owners so financing should be quite convenient. Branson is one of America's most popular tourist destinations featuring world class music theaters and entertainment. There are over 50,000 people within a 10 mile radius, plus hundreds of thousands of annual tourists. The property is co-listed with MO licensed broker SVN Encompass Commercial. SALE PRICE: $2,495,000 CAP RATE: 8.0% NOI: $199,819 LOT SIZE: 1.37 Acres BUILDING SIZE: 8,337 SF 201 Wildwood Ave, Branson, MO 65616 NNN LEASED LONE STAR STEAK HOUSE INVESTMENT FOR SALE | LONE STAR 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. PETER C PETER COL OLVIN VIN Council Chair Of Single Tenant Investments 616.893.1398 [email protected]C. S C. STERLING SC TERLING SCOTT, C , CCIM CIM Managing Director 816.436.4600 [email protected]ks #br00052095 svn. vn.com om
The SVN Colvin Team is proud to present this absolute triple net leased LoneStar Steak House in popular Branson Missouri. The building is located in theheart of Branson on a hard corner and surrounded by theaters, resorts,music venues, The Thousand Hills Golf Resort , The Tanger Outlets ofBranson and numerous hotels and retailers.
The 15 year lease increases 2% annually and runs through 12-28-2022 plustwo 5 year renewal terms with 2% annual increases. The price per SF is avery attractive $299, about 1/2 of an Applebee's or Taco Bell. The lease has acorporate guarantee. Started in 1992, Lone Star Steakhouse is owned byDallas-based private equity firm Lone Star Funds and has about 85 locations,per Hoover's. A local Branson bank has the loan on the property for thecurrent owners so financing should be quite convenient.
Branson is one of America's most popular tourist destinations featuringworld class music theaters and entertainment. There are over 50,000 peoplewithin a 10 mile radius, plus hundreds of thousands of annual tourists. Theproperty is co-listed with MO licensed broker SVN Encompass Commercial.
SALE PRICE: $2,495,000
CAP RATE: 8.0%
NOI: $199,819
LOT SIZE: 1.37 Acres
BUILDING SIZE: 8,337 SF
201 Wildwood Ave, Branson, MO 65616
NNN LEASED LONE STAR STEAK HOUSE INVESTMENT
FOR SALE | LONE STAR
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
NNN LEASED LONE STAR STEAK HOUSE INVESTMENT | 8,337 SF | BRANSON, MO
DISCLAIMER
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.
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.
