The Wilds Golf Club

 

3515 WILDS RIDGE NORTHWEST

 

PRIOR LAKE, MN 55082

 

PRICE:
$5,995,000
BUILDING SIZE:
30,000 SF
PROPERTY TYPE:
Golf Course, Restaurant and Event Venue
TOTAL LOT SIZE:
204 Acres
YEAR BUILT:
1997
CAP RATE:
11.41%

 

 Highlights:

 

  • The Property has been a consistently profitable operation since its inception
  • The golf course is open seasonally from April to October (approximately). The restaurant and clubhouse are open year round
  • The golf course does 20,000 – 25,000 rounds consistently
  • Located in Prior Lake, which is part of the Minneapolis-Saint Paul metropolitan area; Minnesota claims more golfers per capita than any other state
  • Designed by Tom Weiskopf and Jay Morrish, designers of 18 golf courses across the world, several of which have been voted among the 100 best courses in the world
  • The golf course is 7,025 yards, with a slope of 152 and a rating of 74.5, and features over 70 bunkers
  • The facility includes locker rooms with showers, a sports bar, a fair weather patio, multiple banquet rooms, a bride’s room, a fully stocked golf shop, and a restaurant
  • The Royal Tipperary Banquet Room and private dining rooms accommodate a wide variety of seating capabilities, including up to 350 for weddings or corporate banquets, as well as classroom-style and theater seating
  • The Wilds Pub features a menu of seafood, meats, poultry, pasta, salads, and sandwiches, as well as the “Largest Sunday Brunch South of the River”
  • Great online reputation, including a perfect 5-star rating on The Knot (Reception Venues, 151 reviews).
  • The sale includes 72 owned EZ-Go RKV (2016) electric golf carts
  • Included in the sale are an HD golf simulator and a Laser Shot simulator
  • The golf course features a variety of leagues year round
  • Located less than three miles from the Mystic Lake Casino (the largest casino in Minnesota with a 125,000 square foot gambling floor) and Little Six Casino

 

Description:

 

SVN | Northco is pleased to present for sale The Wilds Golf Club in Prior Lake, MN (“Property”). The Property is an established golf course, event center, and restaurant that is located in Prior Lake, which is in the southwest Twin Cities metropolitan area. The Property is a renowned public course which has won a number of accolades, including “Minnesota’s #1 Public Course” by Golf Digest, Golf Magazine, and Minnesota Golfing Insider.

Prior Lake is an affluent suburb in the Minneapolis-Saint Paul metropolitan area with a population of approximately 26,000 residents. The suburb is located roughly 20 miles southwest of downtown Minneapolis and is adjacent to Savage and Shakopee. The suburb enjoys great access to the rest of the region via State Highway 13 and US Route 169.

The Property is located in close proximity to the Mystic Lake Casino Hotel. The Mystic Lake Casino Hotel, with 4,200 employees, is the largest employer in Scott County, and is also the largest casino in Minnesota.

Minneapolis-Saint Paul (“Twin Cities”) is the 14th-largest core statistical area (CSA) in the United States with nearly 4,000,000 residents. The Twin Cities have the nation’s second highest “Household Participation Percentage” according to the National Golf Foundation, and Minnesota claims more golfers per capita than any other state.

Screen Shot 2019 02 13 At 11.16.25 Am Screen Shot 2019 02 13 At 11.17.34 Am Screen Shot 2019 02 13 At 11.17.42 Am Screen Shot 2019 02 13 At 11.17.48 Am Screen Shot 2019 02 13 At 11.17.55 Am Screen Shot 2019 02 13 At 11.18.03 Am Screen Shot 2019 02 13 At 11.18.14 Am Screen Shot 2019 02 13 At 11.18.21 Am Screen Shot 2019 02 13 At 11.18.28 Am Screen Shot 2019 02 13 At 11.18.36 Am