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Agenda - Council Work Session - 03/28/2017
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Agenda - Council Work Session - 03/28/2017
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Last modified
3/17/2025 3:31:30 PM
Creation date
3/27/2017 3:48:09 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council Work Session
Document Date
03/28/2017
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Deal Recap <br /> UNWOOD DRIVE <br /> o <br /> ^T g LOT I � <br /> Project: McDonalds Restaurant <br /> Buyer: McDonalds Corporate <br /> Use: Fast Food Restaurant w/ Drive thru <br /> Site Location: Lot 4, Block 1, COR TWO <br /> Status: Purchase Agreement <br /> Acres: 1.36 acres (gross) <br /> 1.0 acres (net) <br /> Price: $470,000 <br /> $10.79/ft. net <br /> ($8.00 gross) <br /> Broker Fees: $30,000 - paid by seller <br /> Dashboard: $8-12 per ft average <br /> Earnest Monies: $5,000 refundable <br /> Due Diligence: 170 days <br /> Closing Schedule: Spring 2013 <br /> Construction: Spring 2013 <br /> Projected Development Fee: $51,441 <br /> Phased over time <br /> Discussion Items: Use Restrictions <br /> Pad Prep <br /> Traffic- 1,700 tickets (trips) per day <br /> T H E CUP - Drive Thru (approved) <br /> A.kJ45KV. MINNESOTA <br />
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