1. HIWASSEE WHITEWATER COMPANY
Offering Memorandum
HIWASSEE WHITEWATER COMPANY
179 Tellico Reliance Rd • Reliance, TN 37369

2. NON-ENDORSEMENT AND DISCLAIMER NOTICE
Confidentiality and Disclaimer
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.
Non-Endorsement Notice
Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.
PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
HIWASSEE WHITEWATER COMPANY
Reliance, TN
ACT ID ZAA

3. INVESTMENT OVERVIEW 01 FINANCIAL ANALYSIS 02
HIWASSEE WHITEWATER COMPANY
TABLE OF CONTENTS
SECTION
INVESTMENT OVERVIEW 01
Offering Summary
Local Map
Aerial Photo
Floor Plans
Site Plan
Parcel Map
FINANCIAL ANALYSIS 02
Rent Roll Summary Commercial
Operating Statement
Notes
Pricing Detail
Acquisition Financing

4. HIWASSEE WHITEWATER COMPANY
INVESTMENT
OVERVIEW

5. CURRENT MONTHLY INCOME
HIWASSEE WHITEWATER COMPANY
OFFERING SUMMARY
EXECUTIVE SUMMARY
VITAL DATA
2018
YEAR 1
Price
$950,000
CAP Rate
10.39%
11.08%
Loan Amount
$665,000
Net Operating Income
$98,714
$105,300
Loan Type
Proposed New
Net Cash Flow After Debt Service
15.77% / $44,941
18.08% / $51,527
Interest Rate / Amortization
5.25% / 20 Years
Total Return
22.55% / $64,262
25.22% / $71,887
Total Rentable SF
5,624
Price/SF
$0.00
Year Built / Renovated
2003 / 2016
MAJOR EMPLOYERS
EMPLOYER
# OF EMPLOYEES
Springtown Fire Station 13
Webbs Brothers Float Service 10
East Tennesse Nursery 9
Stadium Bbq - Delano
Cheryl A Farmer 7
Flip-Flop Burgers
Hiwassee Custom Cookers
Hiwassee/Ocoee River Park
Lance Satterfield
Low Tide Productions
Hiwassee Whitewater Co LLC 6
SW Inc
UNIT MIX
UNIT COUNT
UNIT TYPE
AVG. SF
CURRENT AVG. RENTS
AVG. RENTS/SF
MONTHLY INCOME
POTENTIAL RENTS
AVG. RENTS/SF
SUITE COUNT
TYPE
TOTAL GLA
CURRENT RENT RANGE
CURRENT MONTHLY INCOME
PRO FORMA 1
Retail
5,624
$24,560 - $24,560
$24,560
$26,000
DEMOGRAPHICS
1-Miles
3-Miles
5-Miles
2018 Estimate Pop 39
215
1,513
2010 Census Pop 37
200
1,416
2018 Estimate HH 23
106
647
2010 Census HH 21
100
612
Median HH Income
$43,171
$43,359
$43,135
Per Capita Income
$30,393
$26,383
$22,634
Average HH Income
$52,938
$53,479
$52,968 #

6. HIWASSEE WHITEWATER COMPANY
OFFERING SUMMARY
INVESTMENT OVERVIEW
This amazing investment opportunity includes a fully operating and exclusive restaurant, retail store, campground, bunkhouse/bathhouse and event center with its own wastewater treatment facility and artesian well. All sitting on 2.8 acres on the Hiwassee river and the section of the river that passes through Reliance and flows in front of Hiwassee Whitewater Company to Delano, TN is designated a scenic river and is a popular paddling destination featuring flat water and whitewater class I, II, and III rapids. The State Park and Cherokee National Forest offer hiking trails, camping and several public launch areas so the town of Reliance gets very busy during rafting season and Flip Flop Burger is the only place to go. Another feature of this location is it's proximity to the Tennessee Valley Scenic Railroad which travels right through Reliance and is within 50 yards to the front door of this business. The railroad was formerly part of the Louisville and Nashville (L&N) Railroads Atlanta Division stretching between Etowah, TN and Marietta, Georgia. All inventory, equipment and supplies are included. A full three years of profit and loss statements are available upon request.
Hiwassee River Frontage
INVESTMENT HIGHLIGHTS

7. 7 # HIWASSEE WHITEWATER COMPANY PROPERTY OVERVIEW OFFERING SUMMARY
Upstairs is set up as an office space or owner residence. All restaurant equipment, supplies, and products included. Full inventory of equipment and supplies is available upon request. 7 #

8. # HIWASSEE WHITEWATER COMPANY PROPERTY SUMMARY OFFERING SUMMARY
THE OFFERING
Property
Hiwassee Whitewater Company
Price
$950,000
Property Address
179 Tellico Reliance Rd, Reliance, TN
Assessor’s Parcel Number
070038D A 05000
Zoning
Commercial
SITE DESCRIPTION
Number of Units 1
Year Built/Renovated
2016
Total Rentable Square Feet
5,624
Lot Size
2.81 acre(s)
EXISTING FINANCING
Loan Amount
$302,000
Loan Type
bank
Due Date
12/1/2015
Prepayment Penalty
$50,000
Lender Name
PROPOSED FINANCING
First Trust Deed
Loan Amount
$665,000
Loan Type
Proposed New
Interest Rate
5.25%
Amortization
20 Years
Loan Term
10 Years
Loan to Value
70%
Debt Coverage Ratio
1.84 #

9. HIWASSEE WHITEWATER COMPANY
LOCAL MAP

10. HIWASSEE WHITEWATER COMPANY
AERIAL PHOTO

11. 12 HIWASSEE WHITEWATER COMPANY PROPERTY PHOTO
Marcus & Millichap closes
more transactions than any other brokerage firm. 12

12. HIWASSEE WHITEWATER COMPANY
FLOOR PLANS

13. HIWASSEE WHITEWATER COMPANY
FLOOR PLANS

14. HIWASSEE WHITEWATER COMPANY
SITE PLAN

15. HIWASSEE WHITEWATER COMPANY
PARCEL MAP

16. HIWASSEE WHITEWATER COMPANY
FINANCIAL
ANALYSIS

17. HIWASSEE WHITEWATER COMPANY
OPERATING STATEMENT
FINANCIAL ANALYSIS

18. HIWASSEE WHITEWATER COMPANY
NOTES
FINANCIAL ANALYSIS

19. HIWASSEE WHITEWATER COMPANY
PRICING DETAIL
FINANCIAL ANALYSIS