Route 309 Development Site HILLTOWN, BUCKS COUNTY, PA

Home , Bethlehem Pike, Pennsylvania Route 309

A Highway Land Development Opportunity

OFFERING MEMORANDUM Route 309 Development Site

HILLTOWN, BUCKS COUNTY, PA

CONFIDENTIALITY AND DISCLAIMER

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

NON-ENDORSEMENT NOTICE

Marcus & Millichap Real Estate Investment Services, Inc. (“M&M”) is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of M&M, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of M&M, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS. Route 309 Development Site

TABLE OF CONTENTS

Section 1 EXECUTIVE SUMMARY

Section 2 PROPERTY DESCRIPTION

Section 3 DEMOGRAPHIC ANALYSIS EXECUTIVE SUMMARY

Route 309 Development Site

HILLTOWN, BUCKS COUNTY, PA Route 309 Development Site HILLTOWN, BUCKS COUNTY, PA EXECUTIVE SUMMARY

EXECUTIVE SUMMARY

Marcus & Millichap, as exclusive agent for the Seller, is pleased to present this exciting opportunity for highway oriented mixed use development. The Site has just become available and is being offered unpriced with bids requested subject to each investor’s particular vision for the Site’s ultimate build out.

In this offering the Property is referred to as "Route 309 Development Site“ to highlight its unique location in exclusive northern Bucks County and along the extraordinarily busy Route 309 that boasts an eye popping 41,000 vehicles per day. The Site is suitable for a variety of commercial as well as senior living / retirement village. As a shopping center, this Property can accommodate 300,000 square feet of GLA.

Summary information is noted below with a more detailed narrative and relevant data included in the following pages.

Summary

Property Route 309 Development Site Property Address 1711 Bethlehem Pike Hilltown, Bucks County, PA 19440

Price Request For Offer Lot Size (SF) 2,482,920

Lot Size (Acres) 57.0000 Buildable SF 2,482,920 Lot Dimensions Rectangular Type of Ownership Fee Simple

Site Description Assessor's Parcel Number 15-32-1;2;3;15-22-195, + Zoning Planned Commercial PC-1

Taxes $69,760 Tax Year 2014 Frontage Route 309 & Swartley Road Utilities Water, sewer, electric, gas, cable Traffic Counts 41,000 vehicles per day Adjacent Development Hilltown Crossings Shopping Center

LoanFIRSTFinancingAll Cash Type TRUST DEED

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 V0300356 Marcus & 1 Millichap. All rights reserved. Route 309 Development Site HILLTOWN, BUCKS COUNTY, PA EXECUTIVE SUMMARY

INVESTMENT OVERVIEW

Investment Highlights

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Route 309 Development Site is a 57 acre development tract located along Pennsylvania Route 309 in Hilltown Township, Bucks County, Pennsylvania. Currently, a furniture store, restaurant / pub and other miscellaneous uses occupy the Site. The acreage has excellent highway exposure making it an ideal location for big box and pad retail, outpatient health care, hospitality and senior living uses.

The Property has over 900 linear feet of frontage along Route 309 and 1,400 linear feet along Swartley Road. A new signal is proposed for Route 309 and Swartley Road affording easy and complete access.. Along Route 309 in this location, the Annual Average Daily Traffic count is an extraordinary 41,000 vehicles per day.

The Site is a few hundred feet from the rejuvenated Hilltown Crossings Shopping Center which incudes a 205,000 square foot Super Walmart and a 62,000 square foot Burlington Coat Factory as anchors. Pad sites include McDonalds and Santander Bank. Total GLA is 344,460 square feet with 1,429 parking on roughly 34 acres. Route 309 Development Site is 4.5 miles north of the Montgomeryville Mall.

Under current zoning PC-1, the Site may be developed in a broad number of ways, including shopping center, hotel, healthcare, nursing home and senior living / retirement village. Key development standards in the PC-1 District are maximum building height of 35 feet, and maximum lot coverage of 70 percent. Electric service is available through PECO. Public water and sewer are also available at the Site's perimeter.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 V0300356 Marcus & 2 Millichap. All rights reserved. Route 309 Development Site HILLTOWN, BUCKS COUNTY, PA EXECUTIVE SUMMARY

INVESTMENT OVERVIEW

Land uses such as the following appear to be appropriate for the Site and this market.

Retail Shopping Center Bank Convenience Store Discount Store Dining: Casual and Quick Service Drug Store Grocery Hardware / Home Improvement Sporting Goods and Equipment Outdoor/Hiking and Camping Hunting Fishing Boating Recreational Vehicles

Hospitality Limited Service Hotel Budget Motel

Office (Retail Oriented) Professional Medical/Healthcare/Urgent Care

Senior Living / Nursing Home

Retirement Village

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 V0300356 Marcus & 3 Millichap. All rights reserved. Route 309 Development Site HILLTOWN, BUCKS COUNTY, PA EXECUTIVE SUMMARY

REGIONAL MAP

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 V0300356 Marcus & 4 Millichap. All rights reserved. Route 309 Development Site HILLTOWN, BUCKS COUNTY, PA EXECUTIVE SUMMARY

LOCAL MAP

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 V0300356 Marcus & 5 Millichap. All rights reserved. PROPERTY DESCRIPTION

Route 309 Development Site HILLTOWN, BUCKS COUNTY, PA Route 309 Development Site HILLTOWN, BUCKS COUNTY, PA PROPERTY DESCRIPTION

SITE PLAN AERIAL

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 V0300356 Marcus & 7 Millichap. All rights reserved. Route 309 Development Site HILLTOWN, BUCKS COUNTY, PA PROPERTY DESCRIPTION

STREET VIEWS

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 V0300356 Marcus & 8 Millichap. All rights reserved. Route 309 Development Site HILLTOWN, BUCKS COUNTY, PA PROPERTY DESCRIPTION

BIRDS EYE LOOKING SOUTHEAST

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 V0300356 Marcus & Millichap. All rights reserved. 9 Route 309 Development Site HILLTOWN, BUCKS COUNTY, PA PROPERTY DESCRIPTION

BIRDS EYE LOOKING NORTH

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 V0300356 Marcus & Millichap. All rights reserved. 10 Route 309 Development Site HILLTOWN, BUCKS COUNTY, PA PROPERTY DESCRIPTION

SITE RETAIL CONTEXT

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 V0300356 Marcus & Millichap. All rights reserved. 11 Route 309 Development Site HILLTOWN, BUCKS COUNTY, PA PROPERTY DESCRIPTION

COMMERCIAL - RETIREMENT VILLAGE

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 V0300356 Marcus & Millichap. All rights reserved. 12 DEMOGRAPHIC ANALYSIS

Route 309 Development Site HILLTOWN, BUCKS COUNTY, PA Route 309 Development Site HILLTOWN, BUCKS COUNTY, PA DEMOGRAPHIC ANALYSIS

DEMOGRAPHIC REPORT 3 Miles 5 Miles 10 Miles 2000 Population 37,203 122,899 323,244 2010 Population 40,028 132,947 360,783 2013 Population 40,407 134,036 364,330 2018 Population 41,778 138,785 381,380

2000 Households 14,009 46,966 119,377 2010 Households 15,045 51,499 134,577 2013 Households 15,202 51,983 136,013 2018 Households 15,747 54,161 142,998

2013 Average Household Size 2.64 2.56 2.61

2013 Daytime Population 22,356 61,642 169,947

2000 Median Housing Value $147,235 $160,772 $176,156

2000 Owner Occupied Housing Units 66.10% 70.90% 75.17% 2000 Renter Occupied Housing Units 30.50% 25.77% 21.99% 2000 Vacant 3.46% 2.86% 2.92%

2013 Owner Occupied Housing Units 69.99% 71.59% 76.57% 2013 Renter Occupied Housing Units 30.01% 28.41% 23.43% 2013 Vacant 4.90% 3.82% 3.68%

2018 Owner Occupied Housing Units 70.67% 71.53% 76.62% 2018 Renter Occupied Housing Units 29.33% 28.47% 23.38% 2018 Vacant 5.08% 3.96% 3.81%

$ 0 - $14,999 6.8% 6.5% 5.6% $ 15,000 - $24,999 7.3% 6.7% 5.8% $ 25,000 - $34,999 8.1% 7.5% 6.7% $ 35,000 - $49,999 12.6% 11.7% 10.1% $ 50,000 - $74,999 19.0% 18.5% 16.2% $ 75,000 - $99,999 15.7% 16.1% 15.6% $100,000 - $124,999 11.1% 11.9% 13.1% $125,000 - $149,999 7.7% 8.3% 8.7% $150,000 - $199,999 6.7% 7.3% 9.1% $200,000 - $249,999 1.9% 2.3% 3.8% $250,000 + 3.1% 3.4% 5.4%

2013 Median Household Income $69,534 $73,798 $83,869 2013 Per Capita Income $34,088 $36,991 $41,742

2013 Average Household Income $90,439 $94,938 $110,936

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 V0300356 Marcus & 14 Millichap. All rights reserved. Route 309 Development Site HILLTOWN, BUCKS COUNTY, PA DEMOGRAPHIC ANALYSIS

SUMMARY REPORT

Geography: 10 miles Population

In 2013, the population in your selected geography was 364,330. The population has changed by 12.71% since 2000. It is estimated that the population in your area will be 381,380 five years from now, which represents a change of 4.67% from the current year. The current population is 49.0% male and 50.9% female. The median age of the population in your area is 42.2, compare this to the U.S. average which is 37. The population density in your area is 1,150.10 people per square mile.

Households There are currently 136,013 households in your selected geography. The number of households has changed by 13.93% since 2000. It is estimated that the number of households in your area will be 142,998 five years from now, which represents a change of 5.13% from the current year. The average household size in your area is 2.60 persons.

Income In 2013, the median household income for your selected geography is $83,869, compare this to the U.S. average which is currently $53,535. The median household income for your area has changed by 30.44% since 2000. It is estimated that the median household income in your area will be $98,783 five years from now, which represents a change of 17.78% from the current year.

The current year per capita income in your area is $41,742, compare this to the U.S. average, which is $28,888. The current year average household income in your area is $110,936, compare this to the U.S. average which is $75,373.

Race & Ethnicity The current year racial makeup of your selected area is as follows: 86.31% White, 3.75% African American, 0.15% Native American and 7.10% Asian/Pacific Islander. Compare these to U.S. averages which are: 72.20% White, 12.65% African American, 0.96% Native American and 5.01% Asian/Pacific Islander.

People of Hispanic origin are counted independently of race. People of Hispanic origin make up 3.43% of the current year population in your selected area. Compare this to the U.S. average of 16.55%.

Housing The median housing value in your area was $176,156 in 2000, compare this to the U.S. average of $110,781 for the same year. In 2000, there were 92,430 owner occupied housing units in your area and there were 27,047 renter occupied housing units in your area. The median rent at the time was $685.

Employment In 2013, there are 169,947 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed that 70.8% of employees are employed in white-collar occupations in this geography, and 29.1% are employed in blue-collar occupations. In 2013, unemployment in this area is 4.98%. In 2000, the median time traveled to work was 23.0 minutes.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 V0300356 Marcus & 15 Millichap. All rights reserved. Route 309 Development Site HILLTOWN, BUCKS COUNTY, PA DEMOGRAPHIC ANALYSIS

POPULATION DENSITY

Number of people living in a given area per square mile.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 V0300356 Marcus & 16 Millichap. All rights reserved. Route 309 Development Site HILLTOWN, BUCKS COUNTY, PA DEMOGRAPHIC ANALYSIS

EMPLOYMENT DENSITY

The number of people employed in a given area per square mile.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 V0300356 Marcus & 17 Millichap. All rights reserved. Route 309 Development Site HILLTOWN, BUCKS COUNTY, PA DEMOGRAPHIC ANALYSIS

AVERAGE HOUSEHOLD INCOME

Average income of all the people 15 years and older occupying a single housing unit.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 V0300356 Marcus & 18 Millichap. All rights reserved. Route 309 Development Site HILLTOWN, BUCKS COUNTY, PA

OFFERING MEMORANDUM

Exclusively Listed By:

Frederick Null Associate Member, National Land Group Philadelphia Office License: PA: RS321814 Tel: (215)531-7032 Fax: (215)531-7010 [email protected] www.marcusmillichap.com/FrederickNull

Jeff Algatt Senior Associate Philadelphia Office License: PA: AB043589A License: NJ: 9483804 Tel: (215)531-7023 Fax: (215)531-7010 [email protected] www.marcusmillichap.com/JeffAlgatt

Offices Nationwide www.MarcusMillichap.com