DELAWARE GATEWAY HOME & ROUTE 23 | DELAWARE, OH

Home Road existing

5 ac

DELAWARE 288 acres GATEWAY SITE Mixed Use 150 units Development Epcon Residential 23 ac

Gooding Blvd New Mt. Carmel Hospital construction commences Fall 2019

AREA: LAND FOR SALE – OFFICE/COMMERCIAL 28 acres PROPERTY HIGHLIGHTS • Located on the corner of Home Road and Route 23 SALE PRICE: $350-600,000 per acre • Highly visible, signaled • Population is over 88,000 within a 5 mile radius

POSSESSION: • $132,287 average 5 mile household income Available now and ready for construction • Zoned Planned Office/Commercial • All utilities/services available onsite • Gas/Convenience Store permitted For more information, please contact: JIM HENDRIX Director 614.883-1095 jim.h end ri x@ ngkf .com

ngkf.com

150 E. Broad , Suite 500, Columbus, Ohio 43215

The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, Warranty or representation, either express or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice. DELAWARE GATEWAY HOME ROAD & ROUTE 23 | DELAWARE, OH

Olentangy High School 2180 homes

New Home Rd. extension est. completion 2021

150 units 288 acres Epcon Mixed Use Development Residential 1400 Homes

Gooding Blvd. extension

For more information, please contact: JIM HENDRIX Director 614.883-1095 jim.h end ri x@ ngkf .com

ngkf.com

150 E. Broad Street, Suite 500, Columbus, Ohio 43215

The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, Warranty or representation, either express or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice. Delaware Gateway Development Site

28 shovel‐ready acres in the Southwest corner of Home Road and US 23 in Orange Township, Delaware County, Ohio

In all of Southern Delaware County and Northern Franklin County, Delaware Gateway is one of only a few remaining large greenfield sites in such a high‐growth, high‐income, and high‐home value strategic location with excellent connectivity, access, and immediate development potential.

From high growth to highdemand

9.9% average annual 1‐mile population growth since 2000 • 100% population growth since 2000 within 3 and 5 miles • $165,000 average 1‐mile household income • $366,000 average 3‐mile home value • $1.2 billion 3‐mile market size based on per capita income

Catalysts for immediate development

Home Road 7‐ relocation is complete West of US 23 and will be extended East to Lewis Center estimated 2021 completion • Adjacent Mount Carmel hospital • New Menards, Kroger, library, , and 2,000 residential developments within 1 mile

Excellent access and counts

2,000 feet of frontage along US 23 and 0.25 miles of frontage along Home Road • Full signalized access on cross‐country thoroughfare Home Road and limited‐access US 23 • More than 50,000 average daily trips at this location • Additional RI/RO US 23 access and signalized access at adjacent Corduroy Road

Ready today for many uses and users

The site is regularly‐shaped with zoning and all utilities in place with capacity for outparcel commercial.

JIM HENDRIX Director 614.883.1095 [email protected] Catalysts for development Recent infrastructure This area is among the most active areas in Central Ohio for new improvements, commercial development projects. Several recent developments in the vicinity of the developments, and progress property have dramatically enhanced the value and suitability of this site towards future improvements for a wide range of uses. These developments include: provide a very compelling answer to “why now? ” Infrastructure improvements

• The relocation of Home Road through the property, which now includes a seven lane intersection at US 23

• The signalization of Corduroy Road and US 23, which creates another highly accessible signalized intersection to service this property

• Approximately six miles to the South, the $75 million improvements at US 23 and Interstate 270

Adjacent commercial developments

• The construction of the Mount Carmel hospital and fitness facility immediately to the East is a major benefit to residents and a draw to ancillary businesses.

• The development of the Kroger and Menards retail centers less than one‐ half mile away creates both local service amenities and draw to this area.

• The opening of the adjacent Delaware County Library branch and pedtidestrian bidbridge US 23 and tiltrail connection fthfurther enhances the livability and walkability in the vicinity.

Progress towards future improvements

• The extension of Home Road East to Lewis Center Road and ultimately I‐ 71 interchange has been ppyreliminarily designed and approved by Orange Township. Estimate 2021 completion.

• An additional 7,000 housing units are planned for development within a three mile radius, which would almost double the existing density. This includes over 2,000 planned units within approximately one mile.

JIM HENDRIX Director 614.883.1095 [email protected] Access and traffic counts

The site is bounded by high traffic Home Road along the North and US 23 US 23 is the highest traffic along the East with a connection to the Gooding to the count highway in Delaware South. County after Interstate 71

US 23

US 23 is a limited access highway with the stipulation that the new signalized US 23 (Columbus Pike) access be provided at ½ mile spacing with right‐in / right‐out access at ¼ mile services approximately spacing. Given this restriction, this site is well situated to be on two corners of a 40,000 daily trips in this signalized intersection on US 23, in addition a right‐in/right‐out accessonsite. area.

Home Road

Home Road is a major cross‐country thoroughfare, but most of its length is in districts where no commercial activity is permitted. Hence this thoroughfare can Home Road (County Road connect a large residential population to the West with commercial services 124) services uniquely accessible on this site. The same is true for Lewis Center Road, which approximately 10,000 extends to the East. average daily trips in this area. Access

US 23 access is provided at four‐way signalized intersections at US 23 and Home Road (seven ) and US 23 and Corduroy Road. The Home Road and US 23 intersection is presently under construction scheduled to be complete August 2015.

The Corduroy Road and US 23 intersection is complete and is located just South of the property line and accessible by Gooding Blvd. In addition, a right‐in/right‐ out access on‐site on US 23 is permitted per ODOT between the Home Road and US 23 intersection and the South property line.

A four‐way signalized intersection will be installed at Home Road and Gooding Blvd when development occurs. In addition, right‐in access on both sides of Home Road is permitted between Gooding Blvd and US 23 per Delaware County.

Traffic counts

Traffic counts provided by ODOT indicate approximately 40,000 average daily trips in this vicinity for US 23. Traffic counts provided by Delaware County indicate approximately 10,000 average daily trips in this vicinity for Home Road.

JIM HENDRIX Director 614.883.1095 [email protected] A. Heritage Elementary School B. Olentangy High School C. Kroger shopping center D. Olentangy Crossings subdivision E. All Shepards Lutheran Church F. Home Road widening West to SR 315 study complete, est. start 2017 G. Relocation and widening of Home Road underway, complete Aug 2015 H. Future Home Road extension East to Lewis Center and I‐71 through Slate Ridge planned development I. Epcon Communities subdivision J. Kiddie Academy of Lewis Center K. Delaware County District Library L. Pedestrian over US 23 connecting Orange Township trails M. MClHilMount Carmel Hospital under construction, est. complete 11/2015 N. The Inn at Olentangy (assisted living) O. Menards home improvement center P. North Orange subdivision Q. North Orange Parka and Aquatic Center (swimming pools) R. Riverside Radiology Associates S. Orange Township Fire Department T. Future connection to JIM HENDRIX Director Orange Rd 614.883.1095 U. Orange Point Commerce [email protected] Park Nearby amenities and adjacent uses

A tremendous array of amenities are located within a mile of this location. Many of these amenities These include: have been completed within the last two to • Kroger grocery store‐anchored neighborhood center four years. • Menards home improvement center • Mount Carmel hospital and fitness center • Olentangy High School (ranked 9th in Ohio by US News and World Report • Heritage Elementary School • Delaware County Library branch • North Orange parks and pools facilities • Ohio Health Surgery Center

In addition, an Orange Township fire station is located within this one‐mile radius and a recently completed pedestrian overpass bridging US 23 terminates on‐site and connects to the Orange Township trail system while also providing a distinctive landmark for the site.

Additional nearby regional‐scale amenities

The site is also only five miles from the Polaris regional retail and commercial area and six miles from Interstate 270, which is currently undergoing $75 million wroth of interchange improvements at US 23.

Immediately adjacent uses Both commercial and Immediate adjacent uses include a handful of single‐family homes to the North multi‐family residential and an Epcon Communities subdivision to the South. The property to the West uses are support by site is a wooded ravine and therefore will likely remain vacant. The site is bounded characteristics, location, on the East by US 23. and zoning. Suitable uses

The site is extremely well‐positioned for commercial (including retail, office, and institutional). For commercial uses, the site is regularly shaped, highly visible, and large enough to accommodate a range of tenants requiring full signalized access to US 23, Home Road, and Gooding Blvd. with excellent frontage and visibility. Site balance can be achieved without using off‐site cut or fill.

JIM HENDRIX Director 614.883.1095 [email protected] Demographics

This location is characterized by high growth, income, and home value and is increasingly becoming characterized by high density as the growth takes hold. Data below comes from ESRI 2015 estimates.

High income

Within the one‐mile radius, the average household income was over $165,000, which is substantially higher than the overall three and five‐mile radius average household incomes. Over 88% of these households own their own homes (compared with renting) which is comparable to the three‐mile radius and much higher than the five‐ mile radius.

Hig h growth

The growth is especially apparent within one‐mile radius, where population almost tripled between 2000 and 2010 and subsequently then grew by another 50% until today. Housing units within one mile have more than tripled since 2000 with an approximate 2,000 additional units planned for development.

High home values

Current average home values are highest within a one‐mile radius exceeding $367,000, but as evidenced by the demographic strength of Southern Delaware County, the average home values decrease only slightly within a five‐mile radius while still exceeding $353,000.

Demand exceeding supply

In terms of retail commercial uses in the vicinity , a survey of one and three‐mile radius reveals an undersupply of many neighborhood services ranging from food and drink, personal merchandise, automotive, and lifestyle retail. Comprehensive planning has limited commercial activity in this vicinity to the US 23 corridor, which means a great deal of residential population exists in the immediate surroundings underserved by neighborhood, community, or upscale retail.

Zoning

The site is currently zoned Planned Commercial which is consistent with the comprehensive plan for Orange Township. The current planned zoning accommodates a wide range of potential commercial uses, but as in all planned zoning situations, the zoning may require modifications to accommodate site plans that dideviate subillbstantially from the currently approved dldevelopment plan.

JIM HENDRIX Director 614.883.1095 [email protected]