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Located 20 Minutes South of Memphis, TN 4325 Casino Center Dr Robinsonville, Tunica County, 38664

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Located 20 Minutes South of Memphis, TN 4325 Casino Center Dr Robinsonville, Tunica County, 38664 4325 Casino Center Dr Robinsonville, Tunica County, 38664 19 Units | 1994 | Located 20 minutes south of Memphis, TN 1 CONTACT STEVE WOODYARD, CCIM Woodyard Realty Corporation, President, CCIM office 901.767.1998 mobile 901.277.7731 [email protected] 5865 Ridgeway Center Pkwy, Ste. 300 Memphis, TN 38120 WoodyardRealty.com 2 4 5-10 12-15 3 OFFERING DISCLAIMER CONFIDENTIALITY AGREEMENT thereon, either independently or through agents of buyer's choosing. Buyer shall not be entitled to, and should not, rely on the Owner or their agents as to (i) the quality, Woodyard Realty Corp. (“Agent”) has been engaged as the exclusive agent for the sale nature, adequacy and physical condition of the Property including, but not limited to, of that certain property commonly known as Cambridge Court Apartments, located at the structural elements, foundation, roof, appurtenances, access, landscaping, park- 3357 East Winchester Place, Memphis, Tennessee 38116 (“Property”) by “Seller”. ing facilities and the electrical, HVAC, plumbing, sewage, and utility systems, facilities The material contained in the Offering Prospectus provided by Agent is confidential, and appliances, (ii) the quality, nature adequacy and physical condition of soils and furnished solely for the purpose of considering the purchase of the real property de- geology and the existence of ground water, (iii) the existence, quality, nature adequa- scribed therein, and is not to be used for any other purposes or made available to any cy and physical condition of utilities serving the Property, (iv) the development poten- other person or entity without the express written consent of Agent. tial of the Property, its habitability, merchantability, or fitness, suitability or adequacy of the Property for any particular purpose, (v) the zoning or the legal status of the Seller expressly reserves the right, at its sole discretion, to reject any or all expressions Property, (vi) the Property's or its operations' compliance with applicable codes, laws, of interest or offers regarding the Property and/or terminate discussions with any regulations, statutes, ordinances, covenants, conditions and restrictions of any gov- entity at any time with or without notice. Neither a prospective purchaser nor Seller ernmental, quasi-governmental entity or any other person or entity, (vii) the quality of shall be bound in regard to the Property until execution of a written purchase agree- any labor and materials, (viii) the compliance of the Property with any environmental ment by both parties. Prospective purchasers shall be responsible for their costs and protection, pollution or land use laws, rules, regulations, orders or requirements in- expenses of investigating the Property and all other expenses, professional or other- cluding but not limited to those pertaining to the handling, generating, storing or dis- wise, incurred by them. posing of any hazardous materials, and (ix) except as expressly provided otherwise in This Offering Prospectus, its contents, and any other information made available to an executed contract of sale, the condition of title and the nature, status and extent you, whether disclosed orally or disclosed or accessed in written, electronic, or other of any right-of-way, lease, right of redemption, possession, lien, encumbrance, li- form or media, and whether or not marked, designated, or otherwise identified as cense, reservation, covenant, condition, restriction and any other matter affecting the “confidential,” except such information which is a matter of public record or is gener- title. Although Owner's predecessors may have performed work, or contracted for ally available to the public, are of a confidential nature. By taking possession of and work performed by third parties in connection with the Property, the agents shall not reviewing the information contained herein, the recipient agrees (i) to hold and treat be responsible to buyer or any successor on account of any errors or omissions or it in the strictest confidence, (ii) not to photocopy or duplicate it, (iii) not to disclose construction defects of such predecessors and/or third parties. the Offering Prospectus or any of the contents to any other person or entity without The Owner reserves the right to withdraw any Property being marketed at any time the prior written authorization of Seller or Agent, and (iv) not use the Offering Pro- without notice, to reject all offers, and to accept any offer without regard to the rela- spectus or any of the contents in any fashion or manner detrimental to the interest of tive price and terms of any other offer. Any offer to buy must be: (i) presented in the Seller and/or Agent. You shall not contact employees or tenants of the Property di- form of a non-binding letter of intent, (ii) incorporated in a formal written contract of rectly or indirectly regarding any aspect of the enclosed materials or the Property purchase and sale to be prepared by or on behalf of the Owner and executed by both without the prior written approval of the Seller or Agent. parties, and (iii) approved by any applicable federal agencies regulating Owner, Owner If you have no interest in the Property at this time, please return this Offering Pro- and such other parties who may have an interest in the Property. Neither the pro- spectus to: Woodyard Realty Corp., 5865 Ridgeway Center Parkway, Suite 300, Mem- spective buyer nor Owner shall be bound until execution of the contract of purchase phis, TN 38120. and sale, which contract shall supersede prior discussions and constitute the sole agreement of the parties. Prospective buyers shall be responsible for their costs and OFFERING DISCLAIMER expenses of investigating the Property. Interested buyers should be aware that the Owner of the Property may have acquired The information provided and to be provided with respect to Property being market- the Property by foreclosure or deed in lieu of foreclosure, and that the Owner is sell- ed was obtained from a variety of sources and OWNER HAS NOT MADE ANY INDE- ing, the Property in "AS IS" CONDITION WITH ALL FAULTS, WITHOUT REPRESENTA- PENDENT INVESTIGATION OR VERIFICATION OF THE INFORMATION PRESENTED OR TION TIONS OR WARRANTIES OF ANY KIND OR NATURE, EXCEPT WARRANTY OF TITLE. TO BE PRESENTED WITH RESPECT TO THE PROPERTY. OWNER, AND ITS AGENTS MAKE Prior to and/or after contracting to purchase, as appropriate, buyer will be given a NO REPRESENTATIONS OR WARRANTIES AS TO THE ACCURACY OR COMPLETENESS OF reasonable opportunity to inspect and investigate the Property and all improvements SUCH INFORMATION. 4 4 Disclosures PROPERTY DETAILS 5 5 PROPERTY SUMMARY COTTAGE INN 4325 Casino Center Dr Robinsonville, Mississippi 38644 Tunica County Year Built: 1994 Number of Units: 19 Property Type: Multifamily Approximate Sq. Ft.: 8,864 Sq. Ft. Buildings: 9 duplex type chalets; 1 office building w/ unit above; 1 laundry facility Stories: 1 Site Size (Acres): 2.2 acres Occupancy (As of March 2019): 83% ASKING PRICE: $795,000 Interested parties are required to schedule property tours directly through Woodyard Realty Corp. Call Steve Woodyard at PROPERTY VISITS: 901-767-1998. Under no circumstances should the property or seller be contacted directly. OFFER SUBMISSION: Please submit offers directly to Woodyard Realty Corp. In the form of a non-binding letter-of-intent (“LOI”). 6 6 Property Details OFFERING DETAILS 7 7 Property Details COMPARABLE SALES PROPERTIES MAP 6 3 1 5 2 4 PROPERTY ADDRESS ZIP CODE # UNITSUNITS SOLD DATE SOLD PRICE PRICE / UNIT YEAR BUILT 1994; 2017 1 Cottage Inn 4325 Casino Center Dr 38664 19 ACTIVE $795,000 $41,842 (renovated) 2 Legacy at Cypress Lakes 1632 Harrah’s Pkwy S 38664 160 11/30/2016 $9,861,404 $61,633 2001 3 The Park at Brighton 2634 E Lake Blvd 38664 232 11/28/2017 $11,600,000 $50,000 2001 4 Plantation Apartments 11562 Old Hwy 61 N 38664 160 2/1/2019 $8,800,000 $55,000 2001 YR. BUILT 5 Legacy at River Pointe 11594 Old Hwy 61 38664 152 11/30/2016 $6,824,237 $44,896 1993 6 The Waverly 7101 Tulane Rd 38637 168 2/21/2018 $10,416,000 $62,000 1995 8 8 Comparables AREA HIGHLIGHTS NORTH MISSISSIPPI LOCATION AND ECONOMIC CONDITIONS Tunica County, Mississippi is strategically located within proximity to the sec- Tunica is the southernmost county in the Memphis, TN-MS-AR Metropolitan ond-busiest airport in the world by cargo traffic (Memphis International Air- Area and the northernmost county fully located within the Mississippi River port), the fifth-busiest inland port in the U.S., five Class 1 railroads, easy ac- Delta region of the U.S. Although the county is mainly rural due to the large cess to six interstate highways and more than twenty colleges and universi- presence of agriculture, the county serves as an employment center for the ties. The county is also home to an active Foreign-Trade Zone and provides region and, since 2010, there has been approximately $500 million in Foreign numerous incentive offerings to help offset investment and operational Direct Investment within the county. Schulz Xtruded Products – a PCC Compa- costs. ny, Feuer Powertrain, and Covington Aircraft are all located in the county serv- ing the advanced manufacturing (automotive), aerospace, and oil & gas indus- tries. DESOTO COUNTY COTTAGE INN 9 9 Property Details AREA LOCATION Cottage Inn is located Robinsonville, Mississippi in Tunica DOWNTOWN County. It is in the Memphis metro area. The property is MEMPHIS, TN located 25 minutes southwest of DeSoto County, Mississip- pi and 40 minutes south of Memphis, Shelby County, Ten- nessee. 5 MILLION SF COMMERCIAL COTTAGE INN 10 10 Property Details AREA HIGHLIGHTS OVER 5000 EMPLOYEES IN CASINO/GAMING INDUSTRY Rank Casino Gaming Square Feet Gaming Employees Gaming Machines Table Games Southland Park Gaming & Racing 82,000 1,200 1,963 10 1 1550 N.
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