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PINEWOODCOUNTRY CLUB
9000 PINEWOOD VALLEY RDHARSHAW, WI 54529
Frank Jermusek, JDPresident / Managing Director
Cameron Peterson, CCIMSenior Advisor / Principal
Edward RuppSenior Advisor
Emilia MolleAdvisor
SVN | NORTHCO REAL ESTATE SERVICES | 1660 HWY 100 SOUTH, SUITE 330, MINNEAPOLIS, MN 55416-1573 SALE BROCHURE
PINEWOOD COUNTRY CLUB | 9000 PINEWOOD VALLEY RD HARSHAW, WI 54529 SVN | Northco Real Estate Services | Page 2The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
PROPERTY OVERVIEW
SVN | Northco is pleased to present for sale Pinewood Country Club in Harshaw, WI ("Property"). The Property is aprime example of scenic golf in the Northwoods of Wisconsin. This par 72 course, which includes a full drivingrange, putting green and large clubhouse facility, has been a profitable operation over three generations of thesame family. Available financials will demonstrate this profitability while a savvy operator will recognize there ispotential for additional food & beverage revenue. This is truly an opportunity that can't be missed.
Also available, but not included in the sale of Pinewood Country Club, is the Creekside at Pinewood condominiumproject with 6 lots that total 7.5 acres and have been laid out to provide the best possible views of the golf courseand surrounding area.
PROPERTY HIGHLIGHTS• Most scenic 18 hole course in the region, located in popular WI vacation destination area
• 14.4% cap rate (based on 2017-2020 financials), 2020 EBITDA increased 19.3% from 2019
• Practice facilities include a driving range and putting & chipping greens; all carts and equipment owned with new cartsin 2018
• 6,064 SF full-service clubhouse with a restaurant and banquet facilities for up to 90 guests
OFFERING SUMMARY
Sale Price: $1,480,000
Building Size: 6,064 SF (Clubhouse)
Lot Size: 303 Acres
Cap Rate: 14.4%
Year Built: 1962 front, 1972 back
Par/Yardage/Slope/Rating 72/6,179/117/70.4
Property Website: northco.com
Golf Carts: 60 Owned - Gas
Property Summary
PINEWOOD COUNTRY CLUB | 9000 PINEWOOD VALLEY RD HARSHAW, WI 54529 SVN | Northco Real Estate Services | Page 3The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Additional Photos
PINEWOOD COUNTRY CLUB | 9000 PINEWOOD VALLEY RD HARSHAW, WI 54529 SVN | Northco Real Estate Services | Page 4The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Additional Photos
PINEWOOD COUNTRY CLUB | 9000 PINEWOOD VALLEY RD HARSHAW, WI 54529 SVN | Northco Real Estate Services | Page 5The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Additional Photos
PINEWOOD COUNTRY CLUB | 9000 PINEWOOD VALLEY RD HARSHAW, WI 54529 SVN | Northco Real Estate Services | Page 6The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Rates
PINEWOOD COUNTRY CLUB | 9000 PINEWOOD VALLEY RD HARSHAW, WI 54529 SVN | Northco Real Estate Services | Page 7The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Membership Rates
PINEWOOD COUNTRY CLUB | 9000 PINEWOOD VALLEY RD HARSHAW, WI 54529 SVN | Northco Real Estate Services | Page 8The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Scorecard
PINEWOOD COUNTRY CLUB | 9000 PINEWOOD VALLEY RD HARSHAW, WI 54529 SVN | Northco Real Estate Services | Page 9The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Course Layout
PINEWOOD COUNTRY CLUB | 9000 PINEWOOD VALLEY RD HARSHAW, WI 54529 SVN | Northco Real Estate Services | Page 10The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Location Map
PINEWOOD COUNTRY CLUB | 9000 PINEWOOD VALLEY RD HARSHAW, WI 54529 SVN | Northco Real Estate Services | Page 11The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Pinewood Country Club
Regional Map
PINEWOOD COUNTRY CLUB | 9000 PINEWOOD VALLEY RD HARSHAW, WI 54529 SVN | Northco Real Estate Services | Page 12The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
POPULATION 30 MILES 60 MILES 120 MILES
Total population 81,602 323,672 1,096,154
Median age 46.9 43.0 42.2
Median age (Male) 46.3 42.1 41.0
Median age (Female) 47.8 44.0 43.3
HOUSEHOLDS & INCOME 30 MILES 60 MILES 120 MILES
Total households 38,343 141,493 461,783
# of persons per HH 2.1 2.3 2.4
Average HH income $59,366 $58,820 $56,823
Average house value $239,507 $195,021 $170,029
* Demographic data derived from 2010 US Census
Demographics Map