Details - Information last confirmed on December 28, 2020
Our firm is pleased to present for sale a nine (9) unit luxury cabin portfolio at the beautiful Clamshell Beach Resort in the ever popular Brainerd Lakes resort area of Northern Minnesota. This portfolio features nine (9) brand new, "to-be-built" cabins that will be built to the highest construction standards, and which will generate significant income for their owner.
The Property is located on Clamshell Lake in one of the most popular resort areas in the Midwest, the Brainerd Lakes resort area, on one of its most popular chain of lakes, the Whitefish chain. Located in Central Minnesota, the Brainerd Lakes Area offers small-town charm that is nestled between some of the Midwest's best lakes. The Property is roughly equidistant between the towns of Crosslake, MN and Pequot Lakes, MN. The Property is located only 2.5 hours from Minneapolis, and it is located roughly 30 miles from Brainerd.
The Property is located across County Road 16 from the Whitefish Golf Club, a family-friendly public golf course that offers a unique setting and challenging course.
The Whitefish Chain of Lakes offers over 14,000 acres of water, over 200 miles of shoreline, and 14 islands to explore. The chain of lakes features excellent fishing, and there are numerous restaurants on the chain of lakes that guests can canoe, paddleboat, kayak, or paddleboard to.
-The sale consists of nine (9) brand new (to be built), luxury cabins that will be built to the highest construction standards
-Projected 7.65% cap rate and 17.58% levered IRR
-In-place and on-site property management handles 100% of management and maintenance; this is a true NNN investment
-Year-round resort operation
-These units are delivered fully-furnished, and when the decision to sell is made the units will be sold fully-furnished
-One easy annual payment that covers all expenses (no monthly checks to write, unless requested), and no future assessments. The goal is to make it as easy as possible for the investor.
-Amenities include a lodge, a sand beach, two heated outdoor pools, tennis and basketball courts, and pontoon, jet ski and fishing boat rentals
-Located in the popular Brainerd Lakes resort area, which is one of the most popular resort destinations in the Midwest
-The immediate area includes championship golf at the top-rated Whitefish Golf Club (located across County Road 16 from the Property), stay-and-play packages at Golden Eagle Golf Club, world-class mountain biking on the Cuyuna Lakes Mountain Bike Trails (located within a half-hour of the resort), dining, shopping, and more
-Experience the beauty of the Whitefish Chain of Lakes and the Nisswa/Crosslake/Brainerd area, which features great shopping, schools, and is only two and a half hours from the Twin Cities
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.