the wilds golf club...area; minnesota claims more golfers per capita than any other state •...
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SVN | NORTHCO REAL ESTATE SERVICES | 5353 WAYZATA BLVD., SUITE 400, MINNEAPOLIS, MN 55416 OFFERING MEMORANDUM
THE WILDS GOLFCLUB3515 WILDS RIDGE NORTHWESTPRIOR LAKE, MN 55082
Frank Jermusek, JDPresident / Managing [email protected]
Cameron PetersonSenior [email protected]
Edward RuppSenior [email protected]
OFFERING SUMMARY
Sale Price: $5,995,000
Cap Rate: 11.41%
Lot Size: 266.75 Acres
SVN | Northco is pleased to present for sale The Wilds Golf Club in Prior Lake, MN ("Property"). The Property is anestablished golf course, event center, and restaurant that is located in Prior Lake, which is in the southwest Twin Citiesmetropolitan area. The Property is a renowned public course which has won a number of accolades, including"Minnesota's #1 Public Course" by Golf Digest, Golf Magazine, and Minnesota Golfing Insider.
PROPERTY OVERVIEW
PROPERTY HIGHLIGHTS
• Located in Prior Lake, which is part of the Minneapolis-Saint Paul metropolitan area; Minnesota claims more golfers percapita than any other state
• Designed by Tom Weiskopf and Jay Morrish, designers of 18 golf courses across the world, several of which have beenvoted among the 100 best courses in the world
• The golf course is 7,025 yards, with a slope of 152 and a rating of 74.5
• The Royal Tipperary Banquet Room and private dining rooms accommodate a wide variety of seating capabilities,including up to 350 for weddings or corporate banquets, as well as classroom-style and theater seating
• The Wilds Pub features a menu of seafood, meats, poultry, pasta, salads, and sandwiches, as well as the "LargestSunday Brunch South of the River"
Property Summary
THE WILDS GOLF CLUB | 3515 WILDS RIDGE NORTHWEST PRIOR LAKE, MN 55082 SVN | Northco Real Estate Services | Page 2The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
THE WILDS GOLF CLUB | 3515 WILDS RIDGE NORTHWEST PRIOR LAKE, MN 55082 SVN | Northco Real Estate Services | Page 3The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
SALE HIGHLIGHTS
• The Property has been a consistently profitable operation since its inception
• The golf course is open seasonally from April to October (approximately). The
restaurant and clubhouse are open year round
• The golf course does 20,000 - 25,000 rounds consistently
• Located in Prior Lake, which is part of the Minneapolis-Saint Paul metropolitan
area; Minnesota claims more golfers per capita than any other state
• Designed by Tom Weiskopf and Jay Morrish, designer of 18 golf courses across
the world, several of which have been voted among the 100 best courses in the
world
• The golf course is 7,025 yards, with a slope of 152 and a rating of 74.5, and
features over 70 bunkers
• The facility includes locker rooms with showers, a sports bar, a fair weather
patio, multiple banquet rooms, a bride's room, a fully stocked golf shop, and a
restaurant
ACCOLADES
• "Minnesota's #1 Public Course" - Golf Digest (1998), Golf Magazine (1998),
Minnesota Golfing Insider (1996, 1997, 1998)
• "The Best New Course" - The Golfer (1996)
• "Top 10 New Golf Courses in the Country" - Golf Magazine (1996)
• "Rated #56 Public Course Nationally" Golf Magazine (2001)
• "Rated #4 New Upscale Course Nationally" Golf Digest (1996)
• "Midwest Golf Course of the Year" NGCOA (2008)
Sale Highlights
THE WILDS GOLF CLUB | 3515 WILDS RIDGE NORTHWEST PRIOR LAKE, MN 55082 SVN | Northco Real Estate Services | Page 4The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
SALE HIGHLIGHTS (CONTINUED)
• The Royal Tipperary Banquet Room and private dining rooms accommodate a
wide variety of seating capabilities, including up to 350 for weddings or
corporate banquets, as well as classroom-style and theater seating
• The Wilds Pub features a menu of seafood, meats, poultry, pasta, salads, and
sandwiches, as well as the "Largest Sunday Brunch South of the River"
• Great online reputation, including a perfect 5-star rating on The Knot (Reception
Venues, 151 reviews).
• The sale includes 72 owned EZ-Go RKV (2016) electric golf carts
• Included in the sale are two HD golf simulators and a Laser Shot simulator
• The golf course features a variety of leagues year round
• Located less than three miles from the Mystic Lake Casino (the largest casino in
Minnesota with a 125,000 square foot gambling floor) and Little Six Casino
• POS Systems: Club Profit (Golf Course and F&B), Accounting System (Club Office
provided by Club Data), E-Mail Marketing (MailChimp)
Sale Highlights (Continued)
THE WILDS GOLF CLUB | 3515 WILDS RIDGE NORTHWEST PRIOR LAKE, MN 55082 SVN | Northco Real Estate Services | Page 5The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Prior Lake is an affluent suburb in the Minneapolis-Saint Paul metropolitan area with a population of approximately 26,000 residents. The suburb is located roughly 20 milessouthwest of downtown Minneapolis and is adjacent to Savage and Shakopee. The suburb enjoys great access to the rest of the region via State Highway 13 and US Route169.
The Property is located in close proximity to the Mystic Lake Casino Hotel. The Mystic Lake Casino Hotel, with 4,200 employees, is the largest employer in Scott County, and isalso the largest casino in Minnesota.
Minneapolis-Saint Paul ("Twin Cities") is the 14th-largest core statistical area (CSA) in the United States with nearly 4,000,000 residents. The Twin Cities have the nation'ssecond highest "Household Participation Percentage" according to the National Golf Foundation, and Minnesota claims more golfers per capita than any other state.
LOCATION OVERVIEW
Location Overview
THE WILDS GOLF CLUB | 3515 WILDS RIDGE NORTHWEST PRIOR LAKE, MN 55082 SVN | Northco Real Estate Services | Page 6The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Regional Map
THE WILDS GOLF CLUB | 3515 WILDS RIDGE NORTHWEST PRIOR LAKE, MN 55082 SVN | Northco Real Estate Services | Page 7The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Location Map
THE WILDS GOLF CLUB | 3515 WILDS RIDGE NORTHWEST PRIOR LAKE, MN 55082 SVN | Northco Real Estate Services | Page 8The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Additional Photos
THE WILDS GOLF CLUB | 3515 WILDS RIDGE NORTHWEST PRIOR LAKE, MN 55082 SVN | Northco Real Estate Services | Page 9The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
POPULATION 10 MILES 25 MILES 50 MILES
Total population 261,044 2,146,543 4,378,251
Median age 37.1 36.5 36.2
Median age (Male) 36.3 35.7 35.4
Median age (Female) 37.6 37.2 37.0
HOUSEHOLDS & INCOME 10 MILES 25 MILES 50 MILES
Total households 96,995 878,836 1,715,252
# of persons per HH 2.7 2.4 2.6
Average HH income $105,192 $86,683 $81,964
Average house value $359,067 $322,982 $291,120
* Demographic data derived from 2010 US Census
Demographics Report