Laserfiche WebLink
10/3/2025 Offer Comparison <br />Buyer Name Phillips Edison Group Capital Real Estate Circle K (Holiday) <br />Acreage 2.91 3.17 3.00 <br />Square Footage 126759.6 138,085 130,680 <br />Buildable Acreage 1.15 3.17 3.00 <br />Buildable SF 50094 138,085 130,680 <br />List / SF Buildable ($8/SF) $ 400,752 $ 1,104,681.60 $ 1,045,440 <br />Offer / SF Buildable $ 400,752 $ 966,596.40 $ 914,760 <br />Offer $ /SF $ 8.00 $ 7.00 $ 7.00 <br />Earnest Money $ 10,000 $25,000 $ 5,000 <br />Wetland Acquired Developer to acquire a portion of wetland No, City retain all A portion of wetland to be acquired and mitigated <br />Project 1 Burgers or another Fast Food QSR Chipotle Gas Station / C-Store / Potentially a Godfathers <br />Project 1 SF 2,330 5,200 <br />Timing 2025 if approvals can be granted Spring 2025 2025 to 2026 (Wetland Mitigation) <br />Estimated Valuation $1.5M to $2.5M $3M $6 to $7M <br />Estimated Taxes $39K to 52K $65K 152K to 173K <br />Estimated Jobs 25-45 15 to 20 20 to 25 <br />Project 2 Will Work with Other Developers Coffee / TBD Car Wash <br />Project 2 SF N/A 2,230 5,310 <br />Timing N/A Spring 2025 2025 to 2026 (Wetland Mitigation) <br />Estimated Valuation N/A $2.5M $4 to $5M <br />Estimated Taxes N/A $58K $92K to 119K <br />Estimated Jobs N/A 10 to 15 8 to 10 <br />Project 3 N/A TBD N/A <br />Project 3 SF N/A 2025, if possible N/A <br />Timing N/A 2,090 N/A <br />Estimated Valuation N/A $1.5M N/A <br />Estimated Taxes N/A $31K N/A <br />Estimated Jobs N/A 5 to 10 N/A <br />Turn Lane Construct Developer Cost Developer Cost Developer Cost <br />Internal Roadway Construct 50% of cost reimbursed by Developer of Lot 2 Developer Cost Developer Cost <br />Due Diligence Period 150 days 120 days + 150 days to complete 180 days <br />Right of Re -Entry Yes Yes Yes <br />Need for WMO Approval? Yes for Site, no for Wetland Yes for Site, no for Wetland Yes for sites, but not wetlands <br />Preferred Site Location CORNER ONLY Entire Site Entire Site <br />County Easement Vacation Needed, In process Needed, In process Needed, In process. <br />Restrictive Covenants? <br />No Seller Restrictive Covenants No Seller Restrictive Covenants <br />Seller must record a Restrictive Covenant Agreement which provides that any <br />land owned or controlled by Seller as of Closing or acquired within 10 years after <br />the Closing, and located within a five mile radius may not be used as (1) a <br />convenience <br />ce store and/or fueling facility, (2) a car wash, (3) a mobile food truck, <br />and/or(4) items typically sold at a convenience store (including, without <br />limitation, coffee, cigarettes, beer/wine/liquor and lottery tickets), to be further <br />set forth in the Contract. (Willing to negotiate) <br />