Sharp’s Vinyard65 Developed Lots

City of Cartesville, Metro Atlanta, GASharps Way, Cartersville GA 30120

Community Name: Sharps Vinyard

City/County: City of Cartersville

Submarket: Bartow

Status at Close: Final Plat, Entitled & Developed

Total Lots: 65 developed lots, 35’ wide

Total Purchase Price per Lot: $25,000

Terms: Takedown

General Information

Deal Strengths

Limited Completion Costs:

Sharps Vinyard is fully developed with entrance and amenity already built. The site has been graded to ensure almost 100% slab lots.

Location

Close proximity to the Budweiser Plant, manufacturing and industrial area of the City of Cartersville and within a few miles of downtown Cartersville.

New Housing Activity

There has been significant increased new housing interest and activity in the City of Cartersville and Bartow County.

Executive Summary Narrative

Sharp’s Vinyard is a 100 lot single family detached community in the City of Cartersville. 65 vacant lots are owned by The Pacific Group, 16 homes by Minerva, 11 vacant lots by Skyview Custom Homes and the remaining 8 homes by individual homeowners.

The site had been developed and received final plat for 100 lots in 2006. the lots are 35’ wide with 0’ side setbacks. The site had been mass graded ensure the greatest number of slab lots. An Entrance monument and modest amenity have already been built. It is our preference to find a builder to purchase all 65 lots, however a takedown, option agreement will be considered.

Location: Sharps Way, Cartersville GA 30120

Sharps Vinyard is located within the city limits of the City of Cartersville less than a mile from Hwy 411 which is a direct rout to I-75 less than 5 miles from the site. Located on Grassdale Road which is the road to the Budweiser Plant.

The county is situated just north of the densely-populated areas of metro Atlanta in the gently rolling Appalachian foothills. Historically, the

location and abundant resources have attracted solid growth, a trend that continues today. By way of Interstate 75, the area is directly

accessible to major business sectors throughout the region. In addition, Atlanta’s Hartsfield/Jackson International Airport, as well as the

Cartersville-Bartow County Airport, provides a quick and valuable connection to the world.

Sharps Vinyard Site Plan & Entitlements

The site is currently developed and has received Final Plat.

Sharp's Vinyard is zoned R-2, and was developed based on the fact the 1986 zoning ordinance allowed single family and multi family in the R-2 district. A rezoning was not required based on the fact the original zoning map showed this tract as R-2. In 2004 2.5 acres on the back end was rezoned to R-2 to add to the proposed development. A compliance letter was given to the developer.

Market

Located north of Atlanta on Interstate 75, Cartersville-Bartow County has

been the Location of Choice for industry for more than 175 years. Today more than

140 diverse industries call Bartow County home. Bartow County has access to

important markets, extensive transportation infrastructure, a low overall cost of doing

business, educated and loyal workforce, rich natural resources, and prepared industrial

sites. The county and cities have collaborated to make business investment decisions

both easy and cost-effective.

DEMOGRAPHICS

Cartersville and Bartow County have a diverse and dynamic population.

Since the 2000 Census, the county’s population increased by 33.9%

while Cartersville’s population grew by 28.8%. This growth will only

continue as Metro Atlanta expands into surrounding counties.

POPULATION*

•Cartersville – 20,154

•Bartow County – 101,817

Projected Population in 2019 – 106,976

Growth Rate – 0.99%

Median Age – 37.1 years

*Based on ESRI forecasts for 2014 and 2019

Per Capita Income –(2014)

Bartow County United States

$21,215 $27,871

Per Capita Income – Surrounding Counties (2014)

Gordon County $17,789

Pickens County $23,511

Cherokee County $31,200

Cobb County $32,908

Paulding County $24,348

Polk County $16,618

Floyd County $20,291

EDUCATION*

2014 Population 25+ by Education Attainment

•High School -– 38.3%

•Some College/College/University – 36.0%

•Graduate/Professional Degree - 6.0%

TOP 10 INTERNATIONAL INDUSTRIES

Toyo Tire North America Tires

Anheuser-Busch/InBev Beer

Gerdau SteelAquafil USA Textile

T.I. Group AutomotiveAutomotive Components

Yanmar America Corporation

Marine/Agriculture

Graham Packaging Plastics/Rubber

Komatsu America Corp Heavy Machinery

Sakai America Manufacturing

Machinery

voestalpine Automotive Body Parts Inc

Automotive Components

Website ranks Cartersville a top place to do business in GeorgiaJune 10, 2015Cartersville has been named one of the top 15 places in Georgia to start a business by personal finance website NerdWallet.com.

The city was ranked 12th of 126 locations in the state in the feature “Best Places to Start a Business in Georgia.” To be considered, each location was required to have at least 500 businesses and populations of no less than 5,000. Released on Monday, the website’s analysis took into account a number of factors, including average revenue of local businesses, percentage of local businesses with paid employees, businesses per 100 people, median annual income, median annual housing costs and unemployment rate.

Ethnicity School District

White, non-Hispanic 71% 77%

Multiracial 2% 3%

Black, non-Hispanic 15% 9%

Hispanic 11% 10%

Asian 1% 0.9%

Asian/Pacific Islander 0.8% 1%

Native American or Native Alaskan 0.4% 0%

Native Hawaiian or Other Pacific Islander

0.07% 0%

New Cass High

New Cass High School is a public high school in Cartersville. The principal of New Cass High School is Michael Nelson, whose e-mail is michael.neslon@bartow.k12.ga.us. 1,407 children attend New Cass High School and identify mostly as White, non-Hispanic; Multiracial; and Black, non-Hispanic. 3% of the New Cass High School students have "limited English proficiency." 55% of the 1,407 students here are classified as "economically disadvantaged", and 57% have subsidized lunches. The student to teacher ratio at New Cass High School is 16:1

MARKET: I-75 Corridor – Where Things are Happening 2014 +

The I-75 corridor between Atlanta and Chattanooga is receiving renewed interest as a critical regional access corridor. A New DOT Corridor Study was initiated March 2014 Supporting Document #1 Atlanta Chattanooga Corridor Study

Note: entire budget for improvements comes from Federal and State funds

SR 20 Projects Currently, Georgia DOT has the following transportation projects slated for the SR 20 corridor.http://www.dot.ga.gov/projects/activeprojects/StateRoute/SR20/Pages/default.aspx

LakePoint Sports Complex & Bass Pro Shop:

Located less than 8 miles from the W&S site

A $1 billion, 1,275-acre sporting and retail complex in Bartow County that broke ground on the way toward fulfilling an ambitious vision became the Mixed Use/Special Use Deal of the Year winner in Atlanta Business Chronicle’s 2012 Best in Atlanta Real Estate Awards.

The LakePoint Sports Village, the 240-acre anchor for the project, will feature:16 major league-sized baseball fields; 14 soccer/lacrosse fields; 16 fast-pitch softball and junior baseball fields;a 20-acre wake park;two Miracle League (baseball for disabled children) fields; and a 100,000-square-foot indoor facility for gymnastics, wrestling, volleyball, basketball, cheerleading and other sports, along with an Olympic-caliber track-and-field training facilityIt will also include a 120,000-square-foot indoor sports pavilion and facilities for activities such as volleyball, AAU basketball, cheerleading and wrestling.

The village is slated to open in 2014 with the Wake Park having opened in May, some of the baseball fields and the indoor volleyball facility scheduled in June.

Along with its sporting and recreational activities, LakePoint will feature approximately 5 million square feet of mixed-use/retail and more than 2,500 hotel rooms on site. Upon final build-out, the complex is expected to create more than 26,000 new jobs, as well as bring in some 4 million visitors annually.

Shortly after the formal groundbreaking, in December, outdoor retailer Bass Pro Shops acquired a 14-acre site overlooking I-75 on LakePoint’s South Campus and announced plans to open a 100,000-square-foot “Outpost Store” in 2014 concurrent with the opening of the LakePointSports Complex.

Supporting Document #2 LakePoint ABC Winner Article

Braves Move to Cobb County:

In an historic move, the Atlanta Braves Baseball team announced in late 2013 that they will move to Cobb County. The site, located at the juncture of I-285 and I-75, will be nested in an area already well known for its office and shopping areas, and the Cobb Energy Performing Arts Center (the house of the Atlanta Opera and Atlanta Ballet). The Braves stadium area will be a mixed used project with a completion cost just shy of $1 Billion. The stadium and much of the mixed use area is scheduled for completion for the 2017 baseball season.

The primary reason for the move was to locate in an area with a demographic that attends games. As depicted lower right, studies showed that the I-75 corridor and Northern Suburbs were where all the fans lived.

Attendees of Braves Games