TenEleven Galleria Offering Details

1. TenEleven Galleria Offering Details • Absolutely Finest Downtown Retail Space in Camden! • 30,000 Sq Ft of Total Space in a 72’ Wide x 200’ Deep Footprint • 5 or 6 Individual Leaseable Spaces from 750 to 2000 square feet each. Each space has provisions for water supply, drains and individual HVAC • Large Main Retail Environment currently used as Bookstore with Mezzanine • Large Central Exposed Kitchen Area currently used as Coffeehouse • Approx. 8,000 Sq Ft Space on lower 2nd Floor currently used as Antique Mall • Approx. 8,000 Sq Ft Space on upper 2nd Floor currently used as Banquet Space • Current Total Investment ~ $1.4M • Building and Improvements  $1.0M • Fixtures and Equipment  $75K • Inventory  $300K (Subject to final inventory count) • Building Completely Renovated in 2002 to current Building Codes • All New Systems - Plumbing, Bathrooms, Electric (1200A, 3 Phase), HVAC, Fire Sprinkler (6” Water Line), Fire Alarm, Security System, Roof, Windows, Doors, etc… • 2001 Professional Appraisal Values Real Estate @ ~ $950K • Business has been in operation for 8.5 Years - 4.5 years in present location • Current owners will completely train turnkey Buyers • Detailed Financial Performance shown below for 55 months of operation – Average of $12,174 per month in Lease and Rental Income. Real Estate Value @ 10% Cap Rate is at least $1.2M • Act FAST! If a turnkey buyer is not found by June 4th the Real Estate and Contents will be offered at auction on June 26th. Chris Pracht ,CAI,AARE,CES Nationwide @ 800-877-3044 SCAL# 156