diamond links golf course, email

New Offering!Exclusively Listed By: Eddy A. Dingman | Real Estate/Business Broker

+ 847 987 6626 Direct |+ 781 810 9653 [email protected] | www.nationalgolfandmarina.com

Confidential Offering MemorandumPlease Do Not Disturb Employees

DIAMOND LINKS GOLF COURSECatlettsburg, KY

PLEASE DO NOT DISTURB EMPLOYEES



C o n f i d e n t i a l o f f e r i n g M e M o r a n d u M

National Golf & Marina Properties Group of Coldwell Banker Commercial NRT | www.nationalgolfandmarina.com

This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an in-depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by National Golf and Marina Properties Group of Cold-well Banker Commercial NRT or by the Seller.

This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent of National Golf and Marina Properties Group of Coldwell Banker Commercial NRT.

Disclaimer Statement






Table of Contents

ExECuTivE SuMMaryTHE OFFERING ..................................................................1

PrOPErTy OvErviEwPROPERTY DETAILS .........................................................2 COURSE PHOTOGRAPHS .................................................4 CLUBHOUSE PHOTOGRAPHS ........................................ 13 RESIDENCE PHOTOGRAPHS .......................................... 15

lOCaTiON OvErviEwCATLETTSBURG, KENTUCKY ......................................... 18 LOCATION MAPS ............................................................. 23 LOCATION AERIALS ......................................................... 24

DEMOGraPHiCSRADIUS DEMOGRAPHICS ............................................... 25

CONCluSiONCONFIDENTIALITY AGREEMENT .................................... 31 CONTACT INFORMATION ................................................ 33

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The 18-hole “Diamond Links” course at the Diamond Links Golf Club facility located at

200 Fairway Drive, Catlettsburg, Kentucky. Property features 6,014 yards of golf from

the longest tees for a par of 71 . The course rating is 67.0 and it has a slope rating of

111. Located in the heart of the Ohio River Tri-State valley. Only 3 miles from I-64,

travel from Ashland, KY, Ironton, OH and Huntington, WV is only 20 minutes.

The property is being offered by National Golf & Marina Properties Group for the pur-

chase price of $2,000,000.

DiaMOND liNkS GOlF COurSECatlettsburg, Kentucky

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Land Size: 155± acres Yards: 6,014

Building(s): 3,000 SF clubhouse2,700 SF maintenance

Greens: Bent Grass (60/40 sand to sod)Fairways - Bermuda grass, rye over-seed

Course Holes: 18 Sand Traps: Five (5)

Private/Public: Public Par: 71

Driving Range: Yes Slope: 111

Golf Carts: 54 customer carts (Yamaha 2009)5 service carts

Rating: 67

Cart Storage: Yes Sets of Tees: Three (3)

Cart Path: Approx 5.5 miles of asphalt20% of paths need repair/replacement

Storage: Picnic #1 , Picnic #5 w/ bathroom Two Rain #14

Security Package: Alarm system & cameras Signs: Granite sign package

Irrigation System: Warren Pump956 GPM 10HP 6” water end

Services: Custom golf equipment fitting, food/bev-erage, golf instruction

Property Overview

Complete equipment list available upon request

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• 4 •






Golf Course - Designed by Mouieso, the Diamond Links golf course opened in 1990. This established 18-hole public golf course is located 2 miles from I-64 in Boyd County, KY. I-64 is the major highway that links KY, WV and KY.

The course is a rolling terrain with blue grass and Bermuda grass fairways and bent grass greens. The greens are in excellent condition! Back tees offer challenging on-target shots for the experienced golf-er, while the forward tees provide a fun environment for novice golfers..

Clubhouse - 3,000 SF building that includes a ban-quet area that seats 100 people, snack bar and plen-ty of space for a pro-shop.

Maintenance Shop - 2,700 SF building that in-cludes storage space, parking for equipment and a workshop.

Residence Home - Beautiful 3-bedroom home with a 3-car garage, built in 2009, and located near #1

green. This home provides outstanding views of the property from every window.

Home includes an open floor plan for family room, breakfast area and kitchen, flow to around deck and screened in porch.

Master suite is located on the main floor with ex-pansive sitting area and walk-in closet. The spa-like master bath includes a Jacuzzi tub, walk in shower and separate vanities.

Laundry room and powder room on the main floor. Foyer leads into the dining room on the left and of-fice/sitting room on the right. Second floor includes sitting area, two bedrooms, bathroom and two walk in storage areas.

Outside front door includes entertainment area with a fire pit.

The subject property is an public 18-hole established golf course located in the heart of the Ohio River tri-state valley

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#1 green

#1 green

water on #1

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#2 green

#4

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#6 green

#7 tee box

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#8 tee box

#8 green

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#9 tee box

#10 tee box

#11 green

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#12 green

#13 tee box

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#14 green

#14 bridge

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#15 fairway

#15

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#17 fairway

#16

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#18 green

#18 tee box

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• 16 •






Clubhouse

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Clubhouse

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residence

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• 21 •






• Catlettsburg is a city in Boyd County, Kentucky, United States and is the county seat of Boyd County. The city’s postal ZIP code serves a greater population of 10,029, which is a better reflection of the community’s size. Catlettsburg is a part of the Huntington-Ashland, WV-KY-OH, Metropolitan Statistical Area (MSA). As of the 2000 census, the MSA had a population of 288,649. Since the 1990s, the commercial sector has grown due to its proximity to Interstate 64 and its location along U.S. Route 23 and 60, both major regional arteries which overlap in Catlettsburg and travel into the city of Ashland to the north. Many commercial developments have developed on the south side along these routes.

Nearby Cities / Nearby Highest Population:

• Nearest cities: South Point, OH (1.1 miles ), Kenova, WV (1.3 miles ), Ceredo, WV (1.7 miles ), Ashland, KY (2.0 miles ), Burlington, OH (2.0 miles ), Ashland Rural, KY (2.4 miles, Westwood, KY (2.5 miles ), Coal Grove, OH (2.5 miles ).

• Nearest city with pop. 50,000+: Huntington, WV (9.2 miles , pop. 51,475).

• Nearest city with pop. 200,000+: Lexington-Fayette, KY (106.2 miles , pop. 260,512).

• Nearest city with pop. 1,000,000+: Chicago, IL (357.9 miles , pop. 2,896,016).

location Overview

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This is a floodwall murial of the centennial parade of Catlettsburg, Kentucky. The wall depicts more paintings of great times and people from the town of Catlettsburg.

• 23 •






lOCaTiON MaPS

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location aerials

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DEMOGraPHiCS

200 Fairway DrCatlettsburg, KY 41129

Population 1-mi. 3-mi. 5-mi.Total Population 273 2,690 7,191

Group Quarters Population 0 34 89

Urban Population 0 27 1,328

Rural Population 273 2,662 5,862

Not defined 0 0 0

Adult Population 203 2,025 5,474

Ratio of Males to Females 1 1.0 1.0

Female Population 136 1,354 3,623

Male Population 137 1,336 3,568

Land Area (Square Miles) 3.3 34.7 77.1

Age 1-mi. 3-mi. 5-mi.Median Age, Total 41.1 42.3 42.2

Median Age, Male 41.0 42.3 41.6

Median Age, Female 41.1 42.4 42.8

% Age 18+ 74.4 75.3 76.1

% Age 21+ 71.0 72.0 73.1

% Age 55+ 27.4 30.0 30.2

% Age 65+ 13.9 15.0 14.9

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Ethnicity 1-mi. 3-mi. 5-mi.% White 97.2 97.4 97.4

% Black 0.6 0.6 0.6

% Asian 0.1 0.3 0.2

% Hispanic 0.6 0.5 0.7

% Other 1.5 1.2 1.2

5 Year Projections 1-mi. 3-mi. 5-mi.Total Population 278 2,701 7,248

Group Quarters Population 0 34 89

Adult Population 211 2,060 5,593

Total Households 103 1,011 2,767

Per Capita Income (based on Total Population) 27,341 30,716 27,470

Total Population 16+ 218 2,152 5,826

5 Year Ethnicity Projections 1-mi. 3-mi. 5-mi.% White 97.1 97.3 97.2

% Black 0.6 0.6 0.6

% Asian 0.1 0.3 0.3

% Hispanic 0.6 0.5 0.7

% Other 1.6 1.3 1.2

Housing and Household's 1-mi. 3-mi. 5-mi.Total Housing Units 106 1,065 2,938

Total Households 100 998 2,721

Owner-Occupied: Owned with a mortgage or loan 55 553 1,419

Owner-Occupied: Owned free and clear 28 325 885

Renter-Occupied 17 120 417

Aggregate Contract Rent $5,653 $39,229 $144,646

Average (Mean) Number of Vehicles Available 2.4 2.5 2.3

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Housing Value 1-mi. 3-mi. 5-mi.Housing Value < $10,000 1 15 95

Housing Value $10,000-$14,999 1 11 28

Housing Value $15,000-$19,999 1 12 37

Housing Value $20,000-$24,999 0 5 34

Housing Value $25,000-$29,999 0 0 2

Housing Value $30,000-$34,999 0 0 4

Housing Value $35,000-$39,999 1 10 26

Housing Value $40,000-$49,999 7 48 139

Housing Value $50,000-$59,999 2 20 42

Housing Value $60,000-$69,999 4 30 103

Housing Value $70,000-$79,999 1 32 99

Housing Value $80,000-$89,999 1 23 115

Housing Value $90,000-$99,999 7 66 209

Housing Value $100,000-$124,999 5 76 249

Housing Value $125,000-$149,999 3 28 85

Housing Value $150,000-$174,999 8 130 328

Housing Value $175,000-$199,999 8 70 169

Housing Value $200,000-$249,999 12 129 195

Housing Value $250,000-$299,999 10 97 191

Housing Value $300,000-$399,999 5 38 75

Housing Value $400,000-$499,999 1 14 32

Housing Value $500,000-$749,999 0 2 9

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

Housing Value $1,000,000 or more 5 22 38

Total Owner-occupied housing units (OOHU) 83 878 2,304

Income 1-mi. 3-mi. 5-mi.Per Capita Income (based on Total Population) $24,603 $27,449 $24,694

Average (Mean) Household Income $67,551 $74,470 $65,283

Median Household Income $53,287 $57,636 $51,778

Aggregate Income $6,759,945 $74,682,934 $178,639,018

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% Households by Income 1-mi. 3-mi. 5-mi.% Household Income < $10,000 7.9 6.1 7.7

% Household Income $10,000-$14,999 2.4 3.6 4.8
















% Household Income $500,000+ 0 0.1 0.2

Education 1-mi. 3-mi. 5-mi.College undergraduate 6 60 229

Graduate or prof school 6 80 122

Employment and Occupation 1-mi. 3-mi. 5-mi.Total Civilian employed population aged 16+ 117 1,182 3,260

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

% Civilian, Employed 55.4 55.9 57.2

% Civilian, Unemployed 2.6 3.4 4.1

% Not in Labor Force 42.0 40.7 38.6

% Agriculture, forestery, fishing/hunting, mining 3.0 3.4 2.5

% Construction 13.1 7.2 6.1

% Manufacturing 12.6 19.0 16.0

% Wholesale trade 2.4 3.6 2.3

% Retail trade 10.3 8.5 11.2

% Transportation and warehousing and utilities 5.8 6.9 6.0

% Information 3.7 1.9 2.4

% Finance and ins, real estate, rental and leasing 1.4 5.6 5.0

% Professional, sci, mgmt, admin and waste mgmt svcs 7.4 5.7 6.5

% Educational svcs, health care and social asst 31.9 27.1 25.5

% Arts, entertainmnt, recreation, accom. and food svcs 2.8 5.2 7.9

% Other svcs, except public admin 1.7 3.5 6.3

% Public admin 3.9 2.5 2.4

Transportation to Work 1-mi. 3-mi. 5-mi.Total Workers 16+ 117 1,182 3,260

Car, truck, or van 115 1,160 3,152

Public transport (not taxi) 0 0 0

Taxicab 0 0 0

Motorcycle 0 0 0

Bicycle 0 0 0

Walked 0 11 59

Other means 0 0 1

Worked at home 1 11 48

• 30 •






Consumer Expenditures 1-mi. 3-mi. 5-mi.Average Apparel $1,700.3 $1,730.7 $1,628.0

Average Education $783.4 $815.5 $755.6

Average Entertainment $2,852.3 $2,922.5 $2,802.7

Average Food and Beverages $7,281.4 $7,382.6 $7,041.1

Average Gifts $1,038.9 $1,103.5 $1,020.7

Average Health Care $3,997.3 $4,146.8 $3,980.9

Average Household Furnishings and Equipment $1,710.6 $1,767.5 $1,666.4

Average Household Operations $1,151.2 $1,177.9 $1,099.0

Average Personal Care $695.5 $713.8 $669.1

Average Personal Expenditure $780.9 $807.0 $771.3

Average Reading $112.7 $117.2 $111.6

Average Shelter $8,896.6 $9,035.6 $8,614.2

Average Transportation $9,582.5 $9,750.5 $9,257.6

Average Utilities $4,094.5 $4,143.3 $4,020.7

Demand by Store Type 1-mi. 3-mi. 5-mi.Motor Vehicle & Parts Dealers $360,570 $3,664,317 $9,491,980

Furniture & Home Furnishings Stores $45,086 $463,608 $1,183,943

Electronics & Appliance Stores $37,271 $379,157 $977,793

Building Material & Garden Equipment & Supply Dealers $80,159 $834,233 $2,168,388

Food & Beverage Stores $338,854 $3,407,308 $8,981,172

Health & Personal Care Stores $76,123 $778,532 $2,038,454

Gasoline stations $351,083 $3,508,059 $9,261,909

Clothing & Clothing Accessories Stores $84,392 $859,376 $2,206,227

Sporting Goods, Hobby, Book, & Music Stores $27,531 $281,817 $724,225

General Merchandise Stores $278,469 $2,815,582 $7,349,804

Miscellaneous Store Retailers $54,232 $553,488 $1,453,671

Nonstore retailers $100,921 $1,032,839 $2,681,018

Foodservice & Drinking Places $283,815 $2,898,717 $7,428,981

General Merchandise, Apparel and Accessories, Furniture and Other Sales$488,159 $4,958,050 $12,851,367

2013/2014 Demographics provided by Experian through Alteryx

• 31 •






Confidentiality 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 Diamond Links Golf Course, Catlettsburg, Kentucky (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 cer-tain 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 Com-mercial 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 anoth-er 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 Infor-mation 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 dis-close 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 pos-sible purchase of the Property. If Recipient is an Interested Party, it may summarize any or all of the Confidential In-formation 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 pur-chase 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 ac-countants, 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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CONFiDENTialiTy aGrEEMENT

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 complete-ness 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: _____________________________

Return immediately to [email protected] or [email protected]

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Contact informationOur contact details are found below:

Exclusive Agent:

Eddy A. DingmanGolf/Business Broker+ 847 987 6626 Direct+ 781 810 9653 [email protected]

Valerie R. RiveraGolf Broker Associate+ 847 313 4620 Direct+ 781 609 4679 [email protected]

www.nat ionalgol fandmarina.com

National Golf & Marina Properties Group of Coldwell Banker Commercial NRT

2215 Sanders Road, Suite 350 | Northbrook, Illinois 60062

diamond links golf course, email

Documents

o f f e r i n g

employees c o n f i

yards of golf

hole diamond links course

course photographs

course rating

subject property

location overview catlettsburg