PRIME RETAIL INVESTMENT OPPORTUNIY · 2020. 10. 15. · PRIME RETAIL INVESTMENT OPPORTUNITY...

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OFFERING MEMORANDUM PRIME RETAIL INVESTMENT OPPORTUNIY 1568 - 1578 HAINES RD. Levittown, PA 19055 PRESENTED BY: CHARLES CALVERT, MBA O: 215.757.2500 x2214 [email protected] PA #RS313187 CHICHI E. AHIA, SIOR O: 215.757.2500 x2202 [email protected] PA #RM423727

Transcript of PRIME RETAIL INVESTMENT OPPORTUNIY · 2020. 10. 15. · PRIME RETAIL INVESTMENT OPPORTUNITY...

Page 1: PRIME RETAIL INVESTMENT OPPORTUNIY · 2020. 10. 15. · PRIME RETAIL INVESTMENT OPPORTUNITY 1568-1578 Haines Road Levittown, PA 19055 SVN | AHIA COMMERCIAL REAL ESTATE 7 SALE PRICE

O F F E R I N G M E M O R A N D U M

PRIME RETAILINVESTMENTOPPORTUNIY

1568 - 1578 HAINES RD.

Levittown, PA 19055

P R E S E N T E D BY:

C H A R L E S C A LV E R T, M B AO: 215.757.2500 [email protected] #RS313187

C H I C H I E . A H I A , S I O RO: 215.757.2500 [email protected] #RM423727

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TA B L E O F CO N T E N T S

4 P R O P E R T Y I N F O R M AT I O N

Property Summary 5

Property Highlights 6

Property Details 7

Additional Photos 8

1 0 L O C AT I O N I N F O R M AT I O N

Regional Map 11

Location Maps 12

Tax Parcel Map 13

1 4 D E M O G R A P H I C P R O F I L E

Demographics Map & Report 15

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P R I M E R E T A I L I N V E S T M E N T O P P O R T U N I T Y 1568-1578 Haines Road Levittown, PA 19055 S V N | A H I A C O M M E R C I A L R E A L E S T A T E 3

The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any otherpurpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of the SVN® Advisor or PropertyOwner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person is authorized bythe Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving these materials does not chooseto pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.

Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein,and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. This Offering Brochure may includecertain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that suchestimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in oromitted from this Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely onthose representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor any of their officers,employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouragedto conduct their own comprehensive review and analysis of the Property.

This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or allexpressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any timewith or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochure or making an offer to purchase the Propertyunless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an offer,a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVN Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence orstatements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk.

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S EC T I O N 1

PROPERT YINFORMATION

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P R I M E R E T A I L I N V E S T M E N T O P P O R T U N I T Y 1568-1578 Haines Road Levittown, PA 19055 S V N | A H I A C O M M E R C I A L R E A L E S T A T E 5

P R O P E R T Y OV E RV I E W

An exceptional opportunity to acquire a multi-unit retail investment property in lower Bucks

County, Pennsylvania. This seven unit strip mall serves a busy neighborhood community in a

densely populated area of Levittown. Key tenants include a long-term childcare center which

recently expanded to 3 units and an Italian restaurant occupying 2 units. Currently 2 contiguous

units are available for lease, including the highly visible end unit. Great opportunity for a

long-term investment or an owner operator maximizing their business operation.

LO C AT I O N OV E RV I E W

Densely populated residential area with nearby commercial and industrial areas allows for a

broad and diverse client base. Located in Lower Bucks County, Bristol Township (Levittown) PA

and minutes to/from Route 13, Route 1, Interstate 295, PA turnpike. A 5 mile radius includes a

population of 170k with 63k households and an average household income of 91k.

O F F E R I N G S U M M A RY

S A L E P R I C E : $ 1 , 0 0 0 , 0 0 0

B U I L D I N G S I Z E : 9 , 0 7 3 S F

L O T S I Z E : 0 . 6 9 A c r e s

P R I C E / S F : $ 1 1 0 . 2 2

Y E A R B U I LT : 1 9 7 2

Z O N I N G : C , C N

M A R K E T : P h i l a d e l p h i a

S U B M A R K E T : S u b u r b a nP h i l a d e l p h i a

T R A F F I C C O U N T : 1 1 , 9 6 6

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P R I M E R E T A I L I N V E S T M E N T O P P O R T U N I T Y 1568-1578 Haines Road Levittown, PA 19055 S V N | A H I A C O M M E R C I A L R E A L E S T A T E 6

PROPERT Y H IGHLIGHTS

• Five of seven units leased to 2 long-term tenants

• Two contiguous units currently available

• Well built block and brick front construction

• Excellent rooftop signage

• Ample parking - 30+ spaces

• Pylon Signage

• Signalized intersection

• Highly visible/accessible location

• Rear delivery alley

• Densely populated neighborhood

• Convenient access to Route 13, Route 1, Interstate 295, PA

turnpike and New Jersey

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P R I M E R E T A I L I N V E S T M E N T O P P O R T U N I T Y 1568-1578 Haines Road Levittown, PA 19055 S V N | A H I A C O M M E R C I A L R E A L E S T A T E 7

SA L E P R I C E $ 1 ,0 0 0,0 0 0

LO C AT I O N I N FO R M AT I O N

S T R E E T A D D R E S S 1 5 6 8 - 1 5 7 8 H a i n e s R o a d

C I T Y, S TAT E , Z I P L e v i t t o w n , P A 1 9 0 5 5

C O U N T Y B u c k s

M A R K E T P h i l a d e l p h i a

S U B - M A R K E T S u b u r b a n P h i l a d e l p h i a

C R O S S - S T R E E T S K e n w o o d D r i v e N o r t h

T O W N S H I P B r i s t o l

S I G N A L I N T E R S E C T I O N Ye s

N E A R E S T H I G H W AY I n t e r s t a t e 9 5

N E A R E S T A I R P O R T P h i l a d e l p h i a I n t e r n a t i o n a l ( P H L )- 3 3 . 6 M i .

PA R K I N G & T R A N S P O R TAT I O N

PA R K I N G T Y P E S u r f a c e

PA R K I N G R AT I O 3 . 0 8

N U M B E R O F PA R K I N G S PA C E S 3 0

P R O P E R T Y I N FO R M AT I O N

P R O P E R T Y T Y P E R e t a i l

P R O P E R T Y S U B T Y P E S t r i p C e n t e r

A P N # 0 5 - 0 7 1 - 4 7 6 ; 0 5 - 0 7 1 - 4 7 5 - 0 0 1

L O T F R O N TA G E 1 6 6 ft

L O T D E P T H 1 7 9 ft

C O R N E R P R O P E R T Y Ye s

T R A F F I C C O U N T 1 1 , 9 6 6 V P D

T R A F F I C C O U N T S T R E E T B r i s t o l P i k e & P a t t e r s o n A v e S E

B U I L D I N G I N FO R M AT I O N

T E N A N C Y M u l t i p l e

N U M B E R O F F L O O R S 1

Y E A R B U I LT 1 9 7 2

Y E A R L A S T R E N O VAT E D 1 9 8 4

G R O S S L E A S A B L E A R E A 9 , 7 3 0 S F

F R E E S TA N D I N G N o

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P R I M E R E T A I L I N V E S T M E N T O P P O R T U N I T Y 1568-1578 Haines Road Levittown, PA 19055 S V N | A H I A C O M M E R C I A L R E A L E S T A T E 8

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P R I M E R E T A I L I N V E S T M E N T O P P O R T U N I T Y 1568-1578 Haines Road Levittown, PA 19055 S V N | A H I A C O M M E R C I A L R E A L E S T A T E 9

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S EC T I O N 2

LOCATIONINFORMATION

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P R I M E R E T A I L I N V E S T M E N T O P P O R T U N I T Y 1568-1578 Haines Road Levittown, PA 19055 S V N | A H I A C O M M E R C I A L R E A L E S T A T E 11

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P R I M E R E T A I L I N V E S T M E N T O P P O R T U N I T Y 1568-1578 Haines Road Levittown, PA 19055 S V N | A H I A C O M M E R C I A L R E A L E S T A T E 12

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P R I M E R E T A I L I N V E S T M E N T O P P O R T U N I T Y 1568-1578 Haines Road Levittown, PA 19055 S V N | A H I A C O M M E R C I A L R E A L E S T A T E 13

Page 14: PRIME RETAIL INVESTMENT OPPORTUNIY · 2020. 10. 15. · PRIME RETAIL INVESTMENT OPPORTUNITY 1568-1578 Haines Road Levittown, PA 19055 SVN | AHIA COMMERCIAL REAL ESTATE 7 SALE PRICE

S EC T I O N 3

DEMOGRAPHICPROFILE

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P R I M E R E T A I L I N V E S T M E N T O P P O R T U N I T Y 1568-1578 Haines Road Levittown, PA 19055 S V N | A H I A C O M M E R C I A L R E A L E S T A T E 15

P O P U L AT I O N 1 M I L E 3 M I L E S 5 M I L E S

T O TA L P O P U L AT I O N 9 , 8 3 2 8 5 , 7 1 4 1 8 7 , 7 3 4

AV E R A G E A G E 3 9 . 8 3 9 . 6 3 9 . 4

AV E R A G E A G E ( M A L E ) 3 9 . 1 3 8 . 2 3 8 . 0

AV E R A G E A G E ( F E M A L E ) 4 0 . 5 4 0 . 8 4 0 . 5

H O U S E H O L D S & I N CO M E 1 M I L E 3 M I L E S 5 M I L E S

T O TA L H O U S E H O L D S 3 , 8 4 5 3 1 , 8 5 9 7 0 , 2 3 3

# O F P E R S O N S P E R H H 2 . 6 2 . 7 2 . 7

AV E R A G E H H I N C O M E $ 6 5 , 8 8 3 $ 6 8 , 7 1 1 $ 7 1 , 2 4 2

AV E R A G E H O U S E VA L U E $ 2 3 0 , 3 2 6 $ 2 4 3 , 9 5 7 $ 2 6 4 , 9 5 6

* Demographic data derived from 2010 US Census