terrace view marina, tn

Division of Coldwell Banker Commercial NRT

TERRACE VIEW MARINAResort, Restaurant & Lounge | Spring City, TN

Eddy A. DingmanNational Golf Course & Marina Properties Group

847-313-4633 | [email protected]

CONFIDENTIAL LISTING: Please Do Not Disturb Employees

VOTED “2014 BEST OF SPRING CITY AWARD”by Motor Boat Dealers

National Golf and Marina Properties Group | Coldwell Banker Commercial NRT

TERRACE VIEW MARINA RESORTSpring City, TN

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I. EXECUTIVE SUMMARY ............................................... 1 - Marina Overview

- Property Overview

II. LOCATION OVERVIEW ............................................... 4 - About Spring City - About Watts Bar Lake

III. PROPERTY LOCATION ............................................... 9 - Property Photographs

- Aerial Photograph

IV. DEMOGRAPHICS ...................................................... 16 - Radius Map

- Radius Demographics

V. CONFIDENTIALITY AGREEMENT ............................. 22 - NG&M Properties Group Non Disclosure

VI. CONTACT INFORMATION ......................................... 24 - Contact Details

TABLE OF CONTENTS



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The National Golf and Marina Properties Group of Coldwell Banker Commercial NRT is pleased to present the opportunity to purchase Terrace View Marina Resort Restaurant & Lounge located at 3367 Euchee Chapel Road, Spring Hill, TN - on beautiful Watts Bar Lake. Owner recently put in $500,000 in new improvements. Purchase price is $2,000,000 $1,850,000.

The parcel consists of five structures and sits on 9 acres of land. Of the five structures included are a dry storage building, a restaurant/bar, a motel, executive offices/ship store, dry storage, boat maintenance equipment and supplies, a 12-unit motel, and an additional duplex motel unit.

A description of each of those services is found on the following two pages:

Dry Storage - 8,160 square foot building for the storage of boats.

Dock - Three docks with 120 total slips (covered and uncovered). Docks can accommodate up to 80’ cruisers.

Transient Docks - 12 docks with up to 30’ length slips and full hook-ups. Main transient dock 235’ long (only marina on lake that has transient slips/dock).

Pool - Consists of spacious patio and 145,000 gallon swimming pool ranging from 3’ deep to 10’ deep. Area also includes a restroom and shower. Only marina with a pool within 500-mile range.

EXECUTIVE SUMMARY



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Lake Fluctuation - Tide goes down in October and up in April. No more than 4’ - 5’.

General Store/Office - 10,000 square foot building with executive offices, reception area, ship store, motel laundry facilities, boat maintenance equipment/mechanic shop and parts and heated storage.

Restaurant/Bar - A 7,370 square foot building with seating capacity of 120 available. Outdoor poolside patio lounge with seating capacity for 50. Full kitchen restaurant, inside full bar with seating for 75, and a dance floor.

Motel - A 5,280 square foot two-story building with 12 total units. Available rooms include a studio, one bedroom, one bedroom (cottage), two bedroom with queens, two bedroom with queen and bunk beds, and a three bedroom. Each unit has a kitchen, new 32” cable tv’s and linens. All with excellent views overlooking the lake and marina

Duplex Motel Unit - One unit is a large suite and the other is a 1-bed, 1-bath room.

Additional property details include:

` Dock flooring is pressure treated lumber

` Wave Break (450’ long, 15’ wide and lighted)

` Two fueling stations, one containing 4,000 gallon diesel and gasoline and the other one containing double gasoline fuel tanks for 6,000 total gallons.

` All roads leading to and around the structures are paved concrete or asphalt

` Boat launch for public use (fee paid to marina)

` Emergency shut off gas switch located in main office and at dock



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PONTOON RENTALSMOTEL & TLC RENTALS ` 1 Day $200.00 ` 2 Days $350.00 ` 3 Days $450.00 ` 4 Days $550.00

` $1.00 a foot

ALL TRANSIENTSRENTAL BOATS24’ Sylvans - 50HP 4 stroke(8 adults)

8:00 am - 6:00pmAll Summer

` 5 Days $650.00 ` 6 Days $750.00 ` 7 Days $800.00

HALF DAYS $130.00



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PROPERTY LOCATIONSpring City - is an area rich in natural resources, scenic wonders, and southern hospitality. Located in Rhea County, in Eastern Tennessee, Spring City is home to Watts Bar Lake with over 780 miles of shoreline. As part of the Cumberland Plateau, Spring City also enjoys rolling hills for your hiking pleasure.

Watts Bar - The construction of Watts Bar Dam was started on July 1, 1939 and was completed in less than 3 years by the TVA. The filling of Watts Bar Lake began three weeks after the bombing of Pearl Harbor. Watts Bar Dam and Reservoir was constructed for the purpose of electric power, flood control, navigation, recreation, an adequate supply of water and other related benefits. Watts Bar Dam contains five 30,000 kilowatt capacity generating units. The lake itself contains a total of four electric power plants, two fossil plants, Kingston and Watts Bar. Watts Bar Fossil plant is currently not being used. There is also Watts Bar Nuclear Plant and Watts Bar Hydro Plant located at the dam.

Watts Bar Lake is on the Tennessee River and is surrounded by Loudon, Roane, Rhea, and Meigs Counties in Tennessee. Watts Bar Lake covers 39,000 acres at full pool, and has 771 miles of shoreline. The lake extends 72.4 miles from the Watts Bar Dam up to Ft. Loudon dam, with the maximum depth being approximately 70 feet near the dam. The principal tributaries of Watts Bar are the Clinch River and the Tennessee River. Watts Bar Lake is one of south’s largest lakes. The watershed (the land the water drains from) for the lake is 17,310 square miles.



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AERIAL PHOTOGRAPH

1). 8,160 SF dry storage building

2). 10,000 SF office/reception area with heat and air, dry storage/maintenance and general store

3). 7,371 SF restaurant and bar with seating capacity for 120

4). 560 SF motel, 1 unit

5). 5,280 SF motel, 12 units

6-7). Docks, covered and uncovered slips

8). Docks, covered and uncovered slips

9). Dock, wavebreak, covered slips up to 80’

450’ Long x 15’ Wide

Room to add cabins or another motel

2.5 - 3 ac 2.5 - 3 ac



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DEMOGRAPHICS3367 Euchee Chapel RdSpring City, TN 37381

Population 1-mi. 3-mi. 5-mi.Total Population 178 1,753 4,079

Group Quarters Population 0 0 1

Urban Population 0 10 45

Rural Population 178 1,743 4,034

Not defined 0 0 0

Adult Population 145 1,428 3,332

Ratio of Males to Females 1.0 1.0 1.0

Female Population 88 866 2,024

Male Population 91 887 2,056

Land Area (Square Miles) 1.9 21.1 60.4

Age 1-mi. 3-mi. 5-mi.Median Age, Total 50.7 50.0 49.3

Median Age, Male 50.1 49.5 48.9

Median Age, Female 51.3 50.5 49.7

% Age 18+ 81.3 81.5 81.7

% Age 21+ 78.7 78.7 78.8

% Age 55+ 44 42.7 41.3

% Age 65+ 24.8 23.9 22.9



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DEMOGRAPHICS

Ethnicity 1-mi. 3-mi. 5-mi.% White 94.0 94.6 95.2

% Black 1.7 1.3 1

% Asian 0.5 0.4 0.3

% Hispanic 2.8 2.3 2.0

% Other 1.2 1.4 1.5

5 Year Projections 1-mi. 3-mi. 5-mi.Total Population 183 1,802 4,178

Group Quarters Population 0 0 1

Adult Population 151 1,482 3,441

Total Households 80 896 1,932

Per Capita Income (based on Total Population) 24,200 29,536 28,277

Total Population 16+ 154 1,521 3,531

5 Year Ethnicity Projections 1-mi. 3-mi. 5-mi.% White 93.7 94.4 95.1

% Black 2 1.5 1.1

% Asian 0.4 0.3 0.3

% Hispanic 2.8 2.4 2.1

% Other 1.2 1.4 1.4

Housing and Household's 1-mi. 3-mi. 5-mi.Total Housing Units 117 1,229 2,581

Total Households 77 862 1,870

Owner-Occupied: Owned with a mortgage or loan 31 349 752

Owner-Occupied: Owned free and clear 34 379 819

Renter-Occupied 12 134 298

Aggregate Contract Rent $5,090 $48,767 $103,331

Average (Mean) Number of Vehicles Available 2.2 2.3 2.3



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DEMOGRAPHICS

Housing Value 1-mi. 3-mi. 5-mi.Housing Value < $10,000 0 10 26

Housing Value $10,000-$14,999 0 5 21

Housing Value $15,000-$19,999 0 12 27

Housing Value $20,000-$24,999 1 11 21

Housing Value $25,000-$29,999 1 10 36

Housing Value $30,000-$34,999 1 18 34

Housing Value $35,000-$39,999 0 4 6

Housing Value $40,000-$49,999 4 35 56

Housing Value $50,000-$59,999 6 54 118

Housing Value $60,000-$69,999 9 72 117

Housing Value $70,000-$79,999 3 34 64

Housing Value $80,000-$89,999 1 27 69

Housing Value $90,000-$99,999 4 41 97

Housing Value $100,000-$124,999 6 53 114

Housing Value $125,000-$149,999 3 34 70

Housing Value $150,000-$174,999 5 60 143

Housing Value $175,000-$199,999 3 33 74

Housing Value $200,000-$249,999 2 36 79

Housing Value $250,000-$299,999 9 87 174

Housing Value $300,000-$399,999 5 65 150

Housing Value $400,000-$499,999 0 5 21

Housing Value $500,000-$749,999 2 18 40

Housing Value $750,000-$999,999 0 2 9

Housing Value $1,000,000 or more 0 1 5

Total Owner-occupied housing units (OOHU) 65 728 1,571

Income 1-mi. 3-mi. 5-mi.Per Capita Income (based on Total Population) $19,516 $23,867 $22,890

Average (Mean) Household Income $48,004 $51,571 $53,085

Median Household Income $38,771 $40,945 $41,430

Aggregate Income $3,695,682 $44,443,197 $99,251,926



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DEMOGRAPHICS

% Households by Income 1-mi. 3-mi. 5-mi.% Household Income < $10,000 8 6.9 6.2

% Household Income $10,000-$14,999 7.3 8 7.8

% Household Income $15,000-$19,999 9.0 8.5 7.5















% Household Income $500,000+ 0 0.1 0.1

Education 1-mi. 3-mi. 5-mi.College undergraduate 14 110 218

Graduate or prof school 0 2 5

Employment and Occupation 1-mi. 3-mi. 5-mi.Total Civilian employed population aged 16+ 55 611 1,498



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DEMOGRAPHICS

% Employment by Industry 1-mi. 3-mi. 5-mi.% Armed Forces 0 0.0 0.1

% Civilian, Employed 37.3 41.7 43.9

% Civilian, Unemployed 3.7 4.1 4.6

% Not in Labor Force 59.0 54.2 51.5

% Agriculture, forestery, fishing/hunting, mining 0 0.1 0.2

% Construction 6.1 7.3 9.9

% Manufacturing 19.9 20.4 20.0

% Wholesale trade 0.3 1.2 1.9

% Retail trade 29.3 19.9 15.8

% Transportation and warehousing and utilities 5.8 7.4 7.1

% Information 0 0.2 0.5

% Finance and ins, real estate, rental and leasing 1.1 1.7 2.0

% Professional, sci, mgmt, admin and waste mgmt svcs 1.1 7.3 9.3

% Educational svcs, health care and social asst 21.2 18.6 17.7

% Arts, entertainmnt, recreation, accom. and food svcs 5.0 6.6 7.9

% Other svcs, except public admin 8.5 6.4 5.0

% Public admin 1.6 2.9 2.7

Transportation to Work 1-mi. 3-mi. 5-mi.Total Workers 16+ 55 611 1,498

Car, truck, or van 43 510 1,291

Public transport (not taxi) 0 2 15

Taxicab 0 0 0

Motorcycle 0 4 18

Bicycle 0 1 5

Walked 5 35 53

Other means 1 18 36

Worked at home 5 41 81



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DEMOGRAPHICS

Consumer Expenditures 1-mi. 3-mi. 5-mi.Average Apparel $1,282.7 $1,329.8 $1,341.4

Average Education $482.9 $527.7 $554.4

Average Entertainment $2,263.3 $2,346.0 $2,374.8

Average Food and Beverages $5,848.4 $6,036.8 $6,092.3

Average Gifts $818.0 $860.5 $867.6

Average Health Care $3,837.6 $3,886.7 $3,876

Average Household Furnishings and Equipment $1,384.1 $1,427.8 $1,433.8

Average Household Operations $877.2 $909.7 $917.1

Average Personal Care $543.2 $564.2 $570.3

Average Personal Expenditure $672.1 $691.5 $697.1

Average Reading $99.9 $102.5 $102.6

Average Shelter $7,153.5 $7,352.4 $7,426.5

Average Transportation $7,513.4 $7,752.6 $7,829.1

Average Utilities $3,677.7 $3,729.9 $3,749.0

Demand by Store Type 1-mi. 3-mi. 5-mi.Motor Vehicle & Parts Dealers $206,442 $2,407,376 $5,293,938

Furniture & Home Furnishings Stores $26,773 $310,402 $678,878

Electronics & Appliance Stores $22,527 $261,581 $574,314

Building Material & Garden Equipment & Supply Dealers $53,019 $618,295 $1,345,095

Food & Beverage Stores $221,908 $2,543,716 $5,558,878

Health & Personal Care Stores $53,043 $605,388 $1,315,399

Gasoline stations $226,056 $2,581,212 $5,649,479

Clothing & Clothing Accessories Stores $50,479 $582,361 $1,270,679

Sporting Goods, Hobby, Book, & Music Stores $16,342 $189,713 $417,107

General Merchandise Stores $176,200 $2,025,152 $4,428,754

Miscellaneous Store Retailers $36,342 $415,165 $905,354

Nonstore retailers $64,976 $747,523 $1,632,797

Foodservice & Drinking Places $166,016 $1,935,566 $4,246,043

General Merchandise, Apparel and Accessories, Furniture and Other Sales$302,604 $3,486,321 $7,623,946

2013/2014 Demographics provided by Experian through Alteryx



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National Golf & Marina Properties Group | Coldwell Banker Commercial NRT 1

CONFIDENTIALTY AGREEMENT

This Confidentiality Agreement (“Agreement”) is made as of the _______ day of ________________________, 2015 by NATIONAL GOLF & MARINA PROPERTIES GROUP of Coldwell Banker Commercial NRT and ___________________________________________ (“Recipient”).

WHEREAS, Owner is the owner of the Property known as ____________________________________________ (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 or in 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 the prior 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.



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National Golf & Marina Properties Group | Coldwell Banker Commercial NRT 2

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 Recipient determines 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.

5. 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 successors and 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



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Exclusive Agent:Eddy A. Dingman, Marina Brokerdirect 847-313-4633Mobile 847-987-6626efax [email protected]

Valerie Rivera, Marina Broker Associatedirect 847-313-4620e-fax [email protected]

CONTACT INFORMATION

Financials available Upon Request with Signed Confidentiality Agreement

terrace view marina, tn

Documents

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