Crescent Pointe Golf ClubBluffton, SC

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18-Hole Semi-Private Golf Club$1,100,000

OFFERING MEMORANDUM

Leisure Investment Properties Group

Offering SummaryPROPERTY OVERVIEW

The Leisure Investment Properties Group of Marcus & Millichap is pleased to exclusively offer the opportunity to acquire Crescent Pointe Golf Club(also referred to as “The Club”) in Bluffton, South Carolina. Crescent Pointe is the only Arnold palmer designed golf course offering public-access inthe Hilton Head Island area. Crescent Pointe features an 18-hole championship course, 6,200 sq. ft. clubhouse with a fully-stocked pro shop, bar &grill and a meeting room. The Club is situated just off of Hilton Head and less than a 40 minute drive to the historic and lively city of Savannah, GA.

Asking Price:

Property Address:

Type of Club:

# of Holes:

Acres:

Course Architect:

Year Built:

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EOY 1 GRM:

$1,100,000

1 Crescent Pointe, Bluffton, SC 29910

Semi-Private

18

220 +/-

Arnold Palmer

2000

6,200 +/- SF

22,492

72

*$892,264*

.81

Investment Highlights

Opportunity to Terminate F&B Lease and Grow Revenue and NOI/EBITDA by Establishing a Strong F&B Operation

Arnold Palmer Signature Golf Course

10 Minutes From Hilton Head Island

Active Tourist Destination with Over 2.67 Million Visitors Annually

Middle-Class Gated Community with a 5-mile Avg. HHI of $102,562 as well as a 5-Mile Median HHI of $81,811

Terms of Sale• Fee Simple Interest in the Sale. Please note all potential buyers will be responsible for the following outside of the

stated purchase price: an amount equal to the wholesale cost at the time of Closing of all (i) on-hand pro shopmerchandise inventory purchased by Seller in 2018 for the 2019 season, purchased in 2018 or as otherwisespecifically agreed to by Buyer after inspection and (ii) non-perishable and unexpired food and liquor inventoryas agreed to by Buyer after inspection, (iii) golf course chemical and fertilizer supplies previously acquired bySeller for the 2019 season, and (iv) cart equipment leases as confirmed and approved by Buyer and Seller at thetime of Closing, such approval not to be unreasonably withheld.

Property Tours• Prospective purchasers are encouraged to visit the property prior to submitting offer• All tours must be arranged by the Leisure Investment Properties Group. Please do not contact on-site management or

staff without prior approval.

Investor Summary• The purchasing entity should identify principals thereof and include a resume outlining real estate owned and/or

management experience of comparable properties, as well as a statement of proof of funds.

*Note: Food & Beverage is currently leased out and LeaseIncome is only $5,000 annually. With new ownershipcontrolling the F&B Operation we expect The Club togenerate an additional $245,000 in F&B Revenue. Also,Golf Revenue is projected to grow 20% in 2019.

Location Overview

Hilton HeadHilton Head Island is famous for its 12-mile stretch of glistening sands. But a visit toHilton Head is more than just a day at the beach. The island has some of the best golfcourses and tennis facilities in the Southeast. There is also fishing, biking, boating,shopping, horseback riding and more. It is a perfect vacation getaway and thrives off ofthe business from tourists year-round. Everything is built in harmony with nature. Nobuildings can be higher than the trees and there are no billboards on the island. HiltonHead is the perfect place for everyone.

Top Resorts on Hilton Head

1. Montage Palmetto Bluff2. The Westin Hilton Head Island Resort3. Omni Hilton Head Oceanfront Resort4. Sonesta Resort Hilton Head Island5. Hilton Head Marriott Resort & Spa

SavannahSavannah is only 27 miles from Crescent Pointe Golf Club which is a seamless 40 minutedrive. Savannah is located on the Georgia coast and is known for its historic district,antebellum architecture, famous golf courses and beaches, attracting millions of touristsyear-round. Also, the metro hosts one of the nation’s largest ports and is home to asignificant military base. It is the third largest metro in Georgia, and residents live withinBryan, Chatham and Effingham counties. Population growth above the national averagewill bring an additional 25,100 residents through 2022.

Highlights

1. Tourism – The nearly 14 million visitors to the region each year provide a $2.5 billioneconomic impact annually to the local economy.

2. Higher Earnings – Roughly half of the metro’s households earn the national medianincome or higher.

3. Port Activity – Second busiest U.S. container exporter and the largest single-containerterminal in North America. More than 4 million TEU’s passed through the port in 2017

Scotch Hall Preserve

PROPERTY OVERVIEW

Top Activities on Hilton Head

1. Coligny Beach2. Harbour Town3. Mitchelville Beach4. Main Street5. Coastal Discovery Museum

Leisure Investment Properties Group

PROPERTY OVERVIEWLocal Map

Leisure Investment Properties Group

PROPERTY OVERVIEWRegional/State Map

Subject Distance Drive Time

Savannah, GA 26.8 Miles 39 Min

Charleston, SC 92.2 Miles 1 H 56 Min

Jacksonville, FL 165 Miles 2 H 28 Min

Myrtle Beach, SC 215 miles 3 H 41 Min

Atlanta, GA 274 miles 4 H 5 Min

Wilmington, NC 294 Miles 4 H 31 Min

Distance From Crescent Pointe Clubhouse

OFFERING MEMORANDUM

Leisure Investment Properties Group

Crescent Pointe Golf Club1 Crescent Pointe | Bluffton, SC 29910

Kody TibbettsSenior Financial AnalystLeisure Investment Properties Group201 N Franklin Street, Suite 1100Tampa, FL 33602Tel: (813) 387-4763KTibbetts@MarcusMillichap.com

Christopher Karamitsos, PGACo-FounderSenior Investment AdvisorLeisure Investment Properties Group201 North Franklin Street, Suite 1100Tampa, FL 33602Tel: 813.387.4738CKaramitsos@MarcusMillichap.comLic. FL: SL3103884

Ben YelmBroker of RecordCharleston, SC LIC. #86628Phone: (843) 952-2300