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5755 North Point Parkway, Suite 262
Alpharetta, GA 30022
770.481.1960
www.shanegroup.net
FRIENDS WINDER GRILL /
NELSON SANDERS
35 N Broad Street, Winder (Atlanta MSA), GA
35 N Broad Street, Winder (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net
FRIENDS WINDER GRILL / NELSON SANDERS PORTRAITS
35 N Broad Street, Winder (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net
FRIENDS WINDER GRILL / NELSON SANDERS PORTRAITS
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
AERIAL MAPS
PHOTOGRAPHS
RENT ROLL
FINANCIAL SUMMARY
LEASE ABSTRACT
LOCATION MAPS
DEMOGRAPHICS
This offering provides a unique opportunity for an owner/investor to acquire a 2-tenant building with stable, long-term tenants. Friends Winder Grill and Nelson Sanders Portraiture occupy the street level retail, each with new 10-year lease terms. The current NOI is $125,000 with each tenant paying their prorata share (based on the retail level only) of the total CAM/Taxes/Insurance for the entire property. The property is located in downtown Winder, directly across from the Barrow County Court House and surrounded by other city and county government offices. This building is zoned B-2 General Commercial which allows for a variety of commercial uses and even residential use on the second level with the approval of the zoning board. The 9,482 square foot second level is currently unused and unfinished. No projected income from this level has been included in this offering. To utilize the second level, an investor would need to address access and fire safety exit requirements and structural improvements will be required to insure adequate support for future uses. If an investor chooses to finish the second level, this would add additional income and value to this property. But even if an investor chooses not to finish the second level, the property is currently providing an 8.62% return on current income.
2-Tenant Building-Low Management Responsibility 10 year Lease Terms-Established Businesses Excellent Downtown Winder Location Current NOI of $125,000
Winder is a prosperous and growing community located in Barrow County, part of the Atlanta Metropolitan
Statistical Area. Barrow County is the 24th fastest growing county in the nation and has grown over 66%
from 2000 to 2010. There are over 135,000 people within the 10 mile trade area for this location with an
average HH income over $65,000. The area has a very strong daytime population of over 15,275 employees
within 5 miles and over 30,952 within 10 miles. Additionally, Winder is located only 20 minutes from Athens,
home of the University of Georgia, with over 35,000 students.
BUILDING: 19,464 SF | LAND: 0.228 ACRES | YEAR BUILT: circa 1919; RENOVATED 1940 & 2010
35 N Broad Street, Winder (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net
FRIENDS WINDER GRILL / NELSON SANDERS PORTRAITS
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
AERIAL MAPS
PHOTOGRAPHS
RENT ROLL
FINANCIAL SUMMARY
LEASE ABSTRACT
LOCATION MAPS
DEMOGRAPHICS
Subject
35 N Broad Street, Winder (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net
FRIENDS WINDER GRILL / NELSON SANDERS PORTRAITS
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
AERIAL MAPS
PHOTOGRAPHS
RENT ROLL
FINANCIAL SUMMARY
LEASE ABSTRACT
LOCATION MAPS
DEMOGRAPHICS
Located in Downtown Winder
SUBJECT
Court House City Hall Annex City Hall
35 N Broad Street, Winder (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net
FRIENDS WINDER GRILL / NELSON SANDERS PORTRAITS
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
AERIAL MAPS
PHOTOGRAPHS
RENT ROLL
FINANCIAL SUMMARY
LEASE ABSTRACT
LOCATION MAPS
DEMOGRAPHICS
Please note: Lot Lines are Approximate Public and Private Parking available
Subject
35 N Broad Street, Winder (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net
FRIENDS WINDER GRILL / NELSON SANDERS PORTRAITS
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
AERIAL MAPS
PHOTOGRAPHS
RENT ROLL
FINANCIAL SUMMARY
LEASE ABSTRACT
LOCATION MAPS
DEMOGRAPHICS
Rear Elevation South Elevation
Front Sidewalk Front Elevation
35 N Broad Street, Winder (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net
FRIENDS WINDER GRILL / NELSON SANDERS PORTRAITS
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
AERIAL MAPS
PHOTOGRAPHS
RENT ROLL
FINANCIAL SUMMARY
LEASE ABSTRACT
LOCATION MAPS
DEMOGRAPHICS
Friends Side Dinning Friends Main Dinning
Friends Bar Area Friends Reception Area
35 N Broad Street, Winder (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net
FRIENDS WINDER GRILL / NELSON SANDERS PORTRAITS
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
AERIAL MAPS
PHOTOGRAPHS
RENT ROLL
FINANCIAL SUMMARY
LEASE ABSTRACT
LOCATION MAPS
DEMOGRAPHICS
Rear Hallway Rear Hallway
Main Entrance Friends Entrance and Waiting Area
35 N Broad Street, Winder (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net
FRIENDS WINDER GRILL / NELSON SANDERS PORTRAITS
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
AERIAL MAPS
PHOTOGRAPHS
RENT ROLL
FINANCIAL SUMMARY
LEASE ABSTRACT
LOCATION MAPS
DEMOGRAPHICS
Portrait Studio Second Office Portrait Studio
Portrait Studio Reception Area Portrait Studio Office
35 N Broad Street, Winder (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net
FRIENDS WINDER GRILL / NELSON SANDERS PORTRAITS
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
AERIAL MAPS
PHOTOGRAPHS
RENT ROLL
FINANCIAL SUMMARY
LEASE ABSTRACT
LOCATION MAPS
DEMOGRAPHICS
35 N Broad Street, Winder (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net
FRIENDS WINDER GRILL / NELSON SANDERS PORTRAITS
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
AERIAL MAPS
PHOTOGRAPHS
RENT ROLL
FINANCIAL SUMMARY
LEASE ABSTRACT
LOCATION MAPS
DEMOGRAPHICS
Barrow County Court House located directly across from property
35 N Broad Street, Winder (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net
FRIENDS WINDER GRILL / NELSON SANDERS PORTRAITS
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
AERIAL MAPS
PHOTOGRAPHS
RENT ROLL
FINANCIAL SUMMARY
LEASE ABSTRACT
LOCATION MAPS
DEMOGRAPHICS
START EX PIRAT ION
Friends Winder Grill 7,152 36.74% Jan-17 Dec-26 $102,000 $14.26 $14,304 Fixed
Sanders Portraiture 2,830 14.54% Dec-16 Mar-27 $24,336 $8.60 $5,664 Fixed
Vacant 9,482 48.72%
19,464 $19,968
Occupied 51% 9,982 100.00% $126,336 $12.66 $19,968
Vacant 49% 9,482
The 2nd floor is currently unfinished space without direct access. Tenant's prorata share for
CAM/Taxes/Ins is based on the 1st floor square footage only.
$126,336
OPTIONS
3 x 5100
ANNUAL
RENT/SQ. FT. ESCALATIONS
ESTIMATED
RECAPTURE
SQUARE
FOOTAGE
ANNUAL
BASE RENT
% OF
CENTER
LEASE TERM
SUITE TENANT
110
2nd Floor
3 x 5
35 N Broad Street, Winder (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net
FRIENDS WINDER GRILL / NELSON SANDERS PORTRAITS
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
AERIAL MAPS
PHOTOGRAPHS
RENT ROLL
FINANCIAL SUMMARY
LEASE ABSTRACT
LOCATION MAPS
DEMOGRAPHICS
B u i l d i n g
Price: 1940
Down Payment: 35.00% Building Square Feet: 19,464
9.00% Land Parcel (Acres): 0.23
$71.41
$12.66
First Loan Amount: n
n Interest Rate: 4.75% n
n Amortization: 20
n Term: 5
Monthly Payment:
Current Rents
126,336$ 5,610$
- 3,906
19,968 2,400
146,304$ -
- 3.0% 3,790
146,304$ -
21,206 3,600
125,098$ 400
70,064 1,500
55,034$ 11.3%
27,746
82,781$ 17.0% 21,206$
E x p e n s e s
Scheduled Gross Income
Plus Overage
Trash / Dumpster
Fire Sprinkler
Taxes
Less Expenses
Maintenance
Insurance
Utilities
Landscaping/Sweeping
Management
Pre Tax Cash Flow
Gross Operating Income
Total Income
Plus Recapture
Total Return Before Taxes
Less Vacancy
Total Expenses
Capital Reserves
Plus Principal Reduction
Loan Payments
Net Operating Income
Cost per Gross Square Foot:
Friends Winder Grill
Nelson Sanders Portraiture
T e n a n t s
Annual Rent per Square Foot:
$903,500
L o a n I n f o r m a t i o n
$5,838.63
R e t u r n
*Note: Loan Information is proposed for analyses purposes only.
Buyer may obtain new loan or complete an all cash acquisition.
$486,500
Year Built:
Current CAP:
F i n a n c i a l
$1,390,000
35 N Broad Street, Winder (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net
FRIENDS WINDER GRILL / NELSON SANDERS PORTRAITS
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
AERIAL MAPS
PHOTOGRAPHS
RENT ROLL
FINANCIAL SUMMARY
LEASE ABSTRACT
LOCATION MAPS
DEMOGRAPHICS
Exclusive Use
Demised Premises
Current Term
Renewal Option
Security Deposit
Year Annual Base Rent
$102,000
HVAC
About the Tenant
HVAC reserve in CAM to pay for Tenant's repair/replacement of HVAC system
Landlord pays for Sprinkler System and Trash/Dumpster, recoverable as part of CAM
Friends has been at this location since mid-2014 and has entered into a new 10 year lease.
Friends is a neighborhood grill & bar locally owned and operated. In addition to this Winder
location, Friends has locations in Dacula, Dawsonville, Suwanee and Buford with 2 additional
locations planned for Grayson and Bethlehem, GA. Operating since 2010, Friends is a place for
good food and service, families and sports. Friends" growth is attributed to their customer loyalty,
and the restaurants continue to thrive because of repeat visits by their loyal customers
("regulars"). www.friendsamericangrill.com
Insurance Tenant pays monthly its prorata share base on a building area of 9,928 SFCAM Tenant pays monthly its prorata share base on a building area of 9,928 SF
Utilities Tenant responsible for gas, electricity, water, sewer and telecommunications
Controllable CAM fees shall not increase more than 5% in any one calendar year
Option Rent Five percent (5%) increase in Base Rent at beginning of each option period
Taxes Tenant pays monthly its prorata share base on a building area of 9,928 SF
January 1, 2017-December 31, 2027
Three (3) - five (5) year terms
Rent Schedule Monthly Base Rent
$8,500.00
None
1/1/2017-12/31/2027
Suite 100 / 7,152 SF
Tenant Friends Winder Grill, LLC
Trade Name/Use Friends / Restaurant
Guaranty None
None
35 N Broad Street, Winder (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net
FRIENDS WINDER GRILL / NELSON SANDERS PORTRAITS
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
AERIAL MAPS
PHOTOGRAPHS
RENT ROLL
FINANCIAL SUMMARY
LEASE ABSTRACT
LOCATION MAPS
DEMOGRAPHICS
Exclusive Use
Demised Premises
Current Term
Renewal Option
Security Deposit
Year Annual Base Rent
$24,336
HVAC
About the Tenant
Suite 110 / 2,83 SF
Tenant Nelson Sanders
Trade Name/Use Nelson Sanders Portraiture / Portrait Studio
Guaranty Lease signed by individual
None
December 1, 2016-March 31,2027
Three (3) - five (5) year terms
Rent Schedule Monthly Base Rent
$2,028.00
None
4/1/2017-3/31/2027
Option Rent Five percent (5%) increase in Base Rent at beginning of each option periodTaxes Tenant pays monthly its prorata share base on a building area of 9,928 SF
Insurance Tenant pays monthly its prorata share base on a building area of 9,928 SFCAM Tenant pays monthly its prorata share base on a building area of 9,928 SF
Utilities Tenant responsible for gas, electricity, water, sewer and telecommunications
Controllable CAM fees shall not increase more than 5% in any one calendar year
Landlord pays for Sprinkler System and Trash/Dumpster, recoverable as part of CAM
HVAC reserve in CAM to pay for Tenant's repair/replacement of HVAC system
Nelson Sanders Portraiture has been in business for over 27 years and located in this building
since mid-2014. To secure the location Nelson Sanders has recently signed a new 10 year lease
which will not expire until 2027. The photography studio offers such services as Senior Portraits,
headshots, picture restoration, family portraits, individual portraits, Weddings, Bar/Bat Mitzvahs,
sporting events, dance and family events. www.nelsonsanders.com
35 N Broad Street, Winder (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net
FRIENDS WINDER GRILL / NELSON SANDERS PORTRAITS
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
AERIAL MAPS
PHOTOGRAPHS
RENT ROLL
FINANCIAL SUMMARY
LEASE ABSTRACT
LOCATION MAPS
DEMOGRAPHICS
Subject
35 N Broad Street, Winder (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net
FRIENDS WINDER GRILL / NELSON SANDERS PORTRAITS
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
AERIAL MAPS
PHOTOGRAPHS
RENT ROLL
FINANCIAL SUMMARY
LEASE ABSTRACT
LOCATION MAPS
DEMOGRAPHICS
Subject
35 N Broad Street, Winder (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net
FRIENDS WINDER GRILL / NELSON SANDERS PORTRAITS
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
AERIAL MAPS
PHOTOGRAPHS
RENT ROLL
FINANCIAL SUMMARY
LEASE ABSTRACT
LOCATION MAPS
DEMOGRAPHICS
One Mile Five Miles Ten Miles
2016 Population 5,577 39,321 124,533 2010 Population 5,241 35,742 112,340 5 Year Projected 5,848 42,334 136,253 Growth Over the Past 5 Years 6.4% 10.0% 10.9%Projected Growth Over the Next 5 Years 4.9% 7.7% 9.4%
2016 Households 2,090 13,364 41,694 % Owner Occupied 30% 62% 72%% Renter Occupied 56% 29% 20%2010 Households 2,019 12,463 38,362 5 Year Projected 2,174 14,225 45,191 Growth Over the Past 5 Years 3.5% 7.2% 8.7%Projected Growth Over the Next 5 Years 4.0% 6.4% 8.4%
2016 Average Household Income $41,809 $60,244 $71,016 5 Year Projected $43,771 $65,784 $78,452 Projected Growth Over the Next 5 Years 4.7% 9.2% 10.5%
Employment & Establishments
2016 Employees/Daytime Population 5,477 15,565 32,067 2016 Total Establishments 684 1,639 3,476
White 65.9% 75.7% 77.3%African American 22.8% 12.7% 12.3%Hispanic Origin (Any Race) 10.7% 10.3% 9.2%Native American/Alaska Native 0.3% 0.3% 0.3%Asian/Pacific Islander 2.1% 3.7% 3.8%Two or More Races 3.6% 2.9% 2.6%Other Race 5.4% 4.7% 3.7%
Race
Population
Households
Income
Recommended