real estate, restaurant, & land

R e a l E s t a t e ,R e s t a u r a n t ,

& L a n d

F O R S A L E

i n W o o d b r i d g eD e t r o i t , M I 4 8 2 0 8

C O N F I D E N T I A L M A R K E T I N G& O F F E R I N G M E M O R A N D U M

OFFERING PROCEDURES

T h e s a l e o f t h e Wo o d b r i d g e Pu b b u s i n e s s i n c l u d i n g 5 1 6 9 Tr u m b u l l , a n d r e a l e s t a t e a t 5 2 0 3 Tr u m b u l l , 5 2 0 7 Tr u m b u l l , 5 2 1 5 Tr u m b u l l , a n d1 5 2 0 M e r r i c k i s b e i n g e xc l u s i v e l y h a n d l e d b y J a m e s Tu m e y.

D o n o t a p p r o a c h s t a f f / e m p l o y e e s .A l l i n q u i r i e s s h o u l d b e d i r e c t e d t o t h e l i s t i n g a g e n t b e l o w.

AGENT

J a m e s Tu m e yS e n i o r C o m m e r c i a l & R e s i d e n t i a l Ag e n tJ a m e s @ T h e Lo f t Wa r e h o u s e. co m5 8 6 - 4 1 9 - 6 2 7 1

TABLE OF CONTENTS

0 1 E X E C U T I V E S U M M A RY I n v e s t m e n t S u m m a r y T h e N e i g h b o r h o o d Pr o p e r t y Ae r i a l s Pr o p e r t y P h o t o g ra p h s A r e a M a p

0 2 P R O P E R T Y O V E R V I E W Fl o o r p l a n s Pr o p e r t y D e t a i l s

Pr o p e r t y D e s c r i p t i o n

0 3 M A R K E T O V E R V I E W D e t r o i t , M i c h i g a n

C o m p e t i t i v e Pr o p e r t y S u r v e y

0 4 F I N A N C I A L O V E R V I E W Fi n a n c i a l S u m m a r y

0 5 A D D E N D U M E q u i p t m e n t , Fu r n i t u r e, a n d Fi x t u r e S u m m a r y

01E X E C U T I V ES U M M A RY

I n v e s t m e n t S u m m a r y Lo ca t i o n a n d D e m o g ra p h i c s Pr o p e r t y Ae r i a l s Pr o p e r t y P h o t o g ra p h s

0 1 EXECUTIVE SUMMARY I n v e s t m e n t S u m m a r y

“ T h e L o f t W a r e h o u s e i s p l e a s e d t o e x c l u s i v e l y o f f e r f o r s a l e , t h e e s t a b l i s h e d W o o d b r i d g e P u b b u s i n e s s ,a d j a c e n t r e a l e s t a t e a n d l a n d z o n e d S D - 2 , w h i c h i s r e a d y f o r d e v e l o p m e n t i n t h e h i g h l y d e s i r a b l e a n d w a l k a b l e W o o d b r i d g e n e i g h b o r h o o d n e x t t o W a y n e S t a t e U n i v e r -s i t y i n D e t r o i t , M i c h i g a n . A g r e a t c h a n g e t o d e v e l o p a n d b e n e f i t f r o m t h e n e i g h b o r h o o d s h i g h o c c u p a n c y r a t e a n d w a l k a b i l i t y o f t h e l o c a l s .

A g r e a t o p p o r t u n i t y t o c a p i t a l i z e o n t h e d e v e l o p i n g d i s t r i c t w i t h n e w n e i g h b o r i n g b u s i n e s s e s i n c l u d i n g t h e n e w l y o p e n e d P i e - S c i , a n d t h e d e v e l o p m e n t o f T r u m b u l l a n d P u t n a m c o r n e r t o i n c l u d e a c u r a t e d m i x o f r e t a i l /c o m m e r c i a l .

W o o d b r i d g e P u b i s a p i o n e e r o f t h e D e t r o i tr e s t a u r a n t s c e n e .”

INVESTMENT SUMMARY

“ Wo o dbridge Pub” - Business & Real E state

Wo o d b r i d g e Pu b o p e n e d i t ’s d o o r s i n t h e f a l l o f 2 0 0 8 w i t h a g o a l o f p l a y i n g a p o s t i t i v e p a r t i n t h e g r o w t h o f t h e l o ca l co m m u n i t y a n d n e i g h b o r h o o d. Wo r k i n g w i t h l o ca l u r b a n f a r m e r s a n d h a v i n g t h e f o o d p r i m a r i l y g r o w n o r s o u r ce d w i t h i n f i v e m i l e s o f t h e r e s t a u ra n t t o g e t t h e f r e s h e s t a n d m o s t l o ca l i n g r e d i e n t s . O f f e r i n g a l s o a n e xce p t i o n a l s e l e c t i o n o f o v e r e i g h t y b e e r s a n d w i n e s f r o m a c r o s s M i c h i g a n a n d a r o u n d t h e w o r l d, a n d p r o v i d i n g a co m f o r t a b l e a t m o s p h e r e co m p l i m e n t e d b y f r i e n d l y a n d k n o w l e d g e a b l e s t a f f. T h el i q u o r l i ce n s e i s i n c l u d e d i n t h e s a l e.

I ndustrial 2-Stor y “Shop”

D i r e c t l y a c r o s s M e r r i c k S t r e e t f r o m t h e Wo o d b r i d g e Pu b, i s a 2 - S t o r y i n d u s t r i a l ca r r i a g e h o u s e k n o w n a s t h e “s h o p”. C u r r e n t l y va ca n t , t h e “s h o p” i s r e a d y a n d z o n e d t o b e d e v e l o p e d i n t o a u n i q u e b o u t i q u eco m m e r c i a l o r r e s i d e n t i a l s p a ce.

Vac ant L and

Ad j a ce n t t o t h e “s h o p” a n d d i r e c t l y a c r o s s f r o m t h e Wo o d b r i d g e Pu b i s t h e s p a ce. A t o v e r 9 , 1 0 0 S q F t , t h e s p a ce i s a l a r g e f o o t p r i n t o n t h e co r n e r o f M e r r i c k S t a n d Tr u m b u l l a n d i s r e a d y a n d z o n e d S D 2 f o r am i xe d u s e d e v e l o p m e n t . T h e p r o p e r t y i s a l r e a d y l i ce n s e d b y M LCC f o r l i q u o r s a l e s w i t h Wo o d b r i d g e Pu b l i -ce n s e s.

T h e S D 2 D i s t r i c t i s d e s i g n e d t o e n co u ra g e a co m p l i m e n t a r y m i x t u r e o f u s e s i n c l u d i n g r e s i d e n t i a l , b u s i -n e s s, a n d o f f i ce u s e s t h a t a r e co m p a t i b l e i n a n e i g h b o r h o o d ce n t e r. T h i s z o n e w i l l s e r v e s u r r o u n d i n gr e s i d e n t i a l a r e a s w i t h co n s u m e r g o o d s a n d s e r v i ce s. I t i s t h e p u r p o s e o f t h e s e r e g u l a t i o n s t o e n co u ra g e m i xe d - u s e d e v e l o p m e n t s t h a t a r e co m p a t i b l e w i t h t h e s u r r o u n d i n g a r e a a n d p r o m o t e p e d e s t r i a n a c t i v i t y.

J A M E S T U M E Y / J A M E S @ T H E L O F T W A R E H O U S E . C O M / 5 8 6 - 4 1 9 - 6 2 7 1

0 1 EXECUTIVE SUMMARY I n v e s t m e n t S u m m a r y

O ffering Price: $1,225,000

Wo o dbridge Pub

Ad d r e s s : 5 1 6 9 Tr u m b u l l S t . Lo t S i z e : 3 , 9 2 0 S q F t B u i l d i n g S i z e : 3 , 1 1 2 S q F t Ty p e : Tu r n ke y R e s t a u ra n t & B a r Ye a r B u i l t : 1 9 2 6 Fr o n t a g e : 3 0 ’ Tr u m b u l l S t X 1 2 0 ’ M e r r i c k S t C o n s t r u c t i o n : B r i c k a n d co n c r e t e e x t e r i o r C a p a c i t y : 6 5 Pe r s o n s ( i n d o o r + 1 6 Pe r s o n s (o u t d o o r )

I ndustrial 2-Stor y Shop

Ad d r e s s : 1 5 2 0 M e r r i c k S t . Lo t S i z e : 1 , 7 4 2 S q F t B u i l d i n g S i z e : 1 , 2 6 0 S q F t Ty p e : I n d u s t r i a l 2 - S t o r y C a r r i a g e H o u s e Ye a r B u i l t : 1 9 0 4 Fr o n t a g e : 3 0 ’ M e r r i c k S t

Vac ant L and

Ad d r e s s : 5 2 0 3 Tr u m b u l l , 5 2 0 7 Tr u m b u l l , 5 2 1 5 Tr u m b u l l Lo t S i z e : 9 , 1 4 8 S q F t Ty p e : Va ca n t L a n d Fr o n t a g e : 9 0 ’ M e r r i c k S t X 9 0 ’ Tr u m b u l l

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0 3 MARKE T OVER VIE W D e t r o i t , M i c h i g a n

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0 3 MARKE T OVER VIE W C o m p e t i t i v e Pr o p e r t y S u r v e y

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0 5 ADDENDUM E q u i p m e n t , Fu r n i t u r e, a n d Fi x t u r e S u m m a r y


New 50 year rubber roof in 2007 New 12-ton heating/cooling in 2008

New kitchen hood & exhaust fan in 2008 Upgraded LED lighting throughout

New plumbing interior & exterior to the alley New 3 keg & 2 keg under-bar draft fridge

New compressor on large fridge 3-door upright glass fridge

Salad prep fridge Ice machine

Stand-up freezer 2-door glass fridge

2-door beer storage cooler under-bar 3-door glass display cooler under-bar

3-keg under bar with 6 taps 2-keg under bar with 4 taps

5’ Flat top range / double oven 2’ 4 burner range / oven

Salamander 20’ dry storage cargo container on-site

Dishwasher New tankless water heater in 2016

*Cash to close inventory at closing.

0 5 ADDENDUM E q u i p m e n t , Fu r n i t u r e, a n d Fi x t u r e S u m m a r y


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