Woodlyn Plaza 1936 Macdade Boulevard Woodlyn, Pa

WOODLYN PLAZA 1936 MACDADE BOULEVARD WOODLYN, PA

HIBACHI GRILL & SUSHI BUFFET Woodlyn Plaza TABLE OF CONTENTS

Section 1: Property Analysis Section 2: Tenant Overview Property Overview...... 6 Grocery Outlet...... 13-15 Rent Roll...... 7 Family Dollar...... 16 OFFERED Income & Expenses...... 8 Misc. Tenant Descriptions...... 17 EXCLUSIVELY BY Investment Highlights...... 9 Section 4: Location Overview Investment Overview...... 10 Regional Map...... 19 Lead Agents: Site Plan...... 11 Aerial Map...... 20 Derrick Dougherty Widener Proximity Map...... 21 First Vice President Location Overview...... 22-24 Philadelphia, PA 215.531.7026 Demographic Summary...... 25 [email protected] License: PA RS305854 NON-ENDORSEMENT

Scott Woodard AND DISCLAIMER NOTICE National Retail Group NON-ENDORSEMENTS Philadelphia, PA Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The 215.531.7058 [email protected] 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 PA RS329242 Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, 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. Mark Krantz National Retail Group Philadelphia, PA DISCLAIMER PA RS336064 | NJ 1537786 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 Steven Garthwaite subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the National Retail Group presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition Philadelphia, PA of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its PA RS332182 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 Our Locations: information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap. All rights reserved. Philadelphia, PA King Of Prussia, PA 2005 Market Street #1510 200 N. Warner Road Philadelphia, PA 19103 King Of Prussia, PA 19406 P: 215.531.7000 P: 215.531.7000 New York, NY Marcus & Millichap Real Estate Investment Services of Seattle, Inc. Broker of Record: Sean Beuche 260 Madison Avenue License: RB062197C License: PA RM424190 5th Floor New York, NY 10016 WINE & SPIRITS M (6,400 Total Enrolled)

MacDade Boulevard (26K+ VPD) Delaware County Housing Development Delaware County Housing Authority

I-476 (84K+ VPD)

BEST AUTO TAG SERVICE

CEDAR Beauty Supply

MacDade Boulevard (26K+ VPD) PROPERTY ANALYSIS WOODLYN PLAZA | GROCERY ANCHORED CENTER

Property Analysis Woodlyn Plaza PROPERTY ANALYSIS $9,346,403 8.00% $747,712 $88.36 PRICE CAP RATE NET OPERATING INCOME PRICE PSF

ADDRESS: 1936 Macdade Blvd Woodlyn, PA

GROSS LEASABLE AREA 105,773 SF

OCCUPANCY: 77.14%

YEAR BUILT/RENOVATED: 1968/2005

LOT SIZE: 9.44 Acres

PARKING: ±350 Spaces

MAJOR TENANTS: Woodlyn Plaza RENT ROLL

BASE RENT NEAR TERM RENT STEPS EXTENSION OPTIONS TENANT UNIT NRSF GLA % LSD LXD RECOVERIES ANNUAL RENT/SF DATE ANNUAL RENT/SF OPTIONS DATE RENT/SF

F&B Variety 1 1,200 1.13% Feb-92 Oct-24 $24,345 $20.29 Nov-Annually 3% Increase Annually Modified Gross

Cheese's Hair Studio 2 1,225 1.16% Jun-12 Mar-24 $25,956 $21.19 April- Annually 3% Increase Annually Gross

WOW Woodlyn Nails 3 1,980 1.87% Oct-00 Dec-22 $49,440 $24.97 Jan- Annually 3% Increase Annually 1(5yr) option Jan-23 $28.10 NNN

Jan-20 $15.40 Cricket 4 2,585 2.44% Apr-08 Dec-19 $40,518 $15.67 2(5yr) option NNN+ 15% Admin Fee Jan-25 $17.00

Sep-19 $26,227 $32.18 Wing Hut 5A 815 0.77% Sep-16 Aug-21 $25,462 $31.24 NNN+ 20% Admin Fee Sep-20 $27,009 $33.14

Jul-22 Hibachi Grill 9,10,11 11,280 10.66% Sep-11 Jun-22 $84,000 $7.45 2(5yr) option NNN Jul-27

Grocery Outlet 12&13 16,950 16.02% Jan-08 Dec-23 $120,000 $7.08 1(5yr) option Jan-24 $10.00 NNN

Apr-20 $78,375 $9.50 Apr-22 $10.30 Value Hair Beauty 14 8,250 7.80% Apr-17 Mar-22 $74,250 $9.00 2(5yr) option NNN Apr-21 $82,500 $10.00 Apr-27 $10.61

Jackson Hewitt 15 1,475 1.39% Nov-99 Jul-21 $22,597 $15.32 May-20 $23,275 $15.78 NNN

Sep-20 $39,340 $14.05 Little Caesar's 17B&18 2,800 2.65% May-13 Aug-23 $38,192 $13.64 1(5yr) option Sep-23 $15.35 NNN Sep-21 $40,516 $14.47

Woodlyn Cleaners 19 3,600 3.40% Oct-97 Oct-20 $51,600 $14.33 Nov-19 $52,800 $14.67 1(3yr) option Nov-20 $14.67 Gross

Woodlyn Academy * 21/22 13,253 12.53% Dec-16 Aug-28 $160,665 $12.12 Sep- Annually $192,096 Modified Gross

Jan-20 $47,269.44 $11.25

Direct Buy Furniture 23 4,200 3.97% Aug-13 Dec-22 $45,893 $10.93 Jan-21 $48,687.48 $11.59 Modified Gross Jan-22 $50,148.12 $11.94

Jul-23 $13.31 2(5yr) option NNN+ 15% Admin Family Dollar 24 8,900 8.41% July-08 June-23 $107,690 $12.10 Jul-28 $14.64 1(4.5yr) option Fee(5%CAM Cap) Jul-32 $16.11

Seafood Hut & Market** 25 3,080 2.91% Sep-18 Aug-28 $30,000 $9.74 Sep-19 $36,000 $11.68 NNN

Total Leased Space 81,593 77.14% 2018 Rent $900,608

Available Space Total GLA 105,773 *Woodlyn Academy has 3% annual rental increases throughout their lease starting 09/01/2019 Available 6&7 3,906 3.69% Total Occupied (GLA%) 77.14% **Seafood Hut has 3% annual rental increases throughout their lease starting 09/01/2019. Scheduled to open 4th Quarter 2019 Available 8 4,019 3.80% Total Available (GLA%) 22.86% *F&B Variety, Woodlyn Academy,Direct Buy pay a fixed amount for monthly CAM Available 16 9,175 8.68% Total NNN 55.43% *Family Dollar has a 5% cap on CAM, fully reimburse for Taxes and Insurance Available 17A 2,000 1.89% Available Basement 4,080 3.86% Available 5B 1,000 0.95% 24,180 22.86% Woodlyn, PA INCOME & EXPENSES

INCOME Scheduled Base Rental Revenue1 $900,608 Expense Reimbursement Revenue2 $244,249

EFFECTIVE GROSS REVENUE $1,144,857 OPERATING EXPENSES4 Real Estate Taxes $159,701

Insurance $48,005 CAM

Snow Removal $25,852

Landscaping $5,387

Cleaning and Maintenance $30,837

Repairs $23,198

Roof Repair $5,989

Plumbing $2,379

Pest Control $1,272

Water $20,434

Electricity $11,160

Trash $11,474

CAM Total $137,982

Management Fee $30,770

Total Operating Expenses $376,458 Capital Reserves5 $20,687 NET OPERATING INCOME $747,712

Notes: 1) Scheduled base rent is based on current 2019 Rental Income 2) Expense Reimbursement Revenue is based on collection history *Tenants Pro Rata share is based off the total SF of the shopping center equaling 111,558sf (Vacant Warehouse/Rear of Center) 4) Operating Expenses are based on 2018 Trailing expenses 5) Capital Reserves are +/-$.20/psf (105,773sf) Woodlyn Plaza INVESTMENT HIGHLIGHTS

ESTABLISHED GROCERY-ANCHORED SHOPPING CENTER • Woodlyn Plaza Is A 105,773-Square-Foot Shopping Center Anchored By Grocery Outlet Supermarket (280+ Locations) • Grocery Outlet recently filed a registration statement with the Securities and Exchange Commission for an IPO of 17,187,500 shares of common stock at a price of $15 to $17 per share

INTERNET-RESISTANT TENANCY • Center Is Occupied By Serviced Based Tenant Roster That Allows It To Be E-Commerce Resistant

LIGHT VALUE ADD OPPORTUNITY • 77.14 Percent Occupied Neighborhood Shopping Center With Upside From Lease Up Of Vacant Space • 55.43 Percent Of Total GLA Operates Under Triple Net Leases

LARGE PARCEL WITH AMPLE PARKING • The Site Sits On A 9.44 Acre Parcel With ±350 Parking Spaces

REGIONAL ACCESS: HIGHLY VISIBLE & EASILY ACCESSIBLE LOCATION • Positioned At The On/Off Ramp At Interstate 476(Blue Route) & Interstate 95 • Located On MacDade Boulevard With Traffic Counts Exceeding 26,000 Vehicles-Per-Day

STRONG LOCAL ECONOMIC DRIVERS • Education: Close Proximity To Widener University (6,400 Students) And Ridley High School • Medical: Close Proximity To Crozer – Chester Medical Center • Employment: Close Proximity To BOEING Main Rotorcraft Factory With Over 1,000 Employees

PROXIMITY TO METROPOLITAN CITIES • Less Than 17 Miles From Philadelphia • Less Than 90 Miles From Baltimore • Less Than 110 Miles From New York Woodlyn Plaza INVESTMENT OVERVIEW

Marcus & Millichap is pleased to present exclusively for sale, Woodlyn Plaza, a 105,773-square-foot grocery-anchored shopping center in Woodlyn, PA (the “Property”). The center is currently 77.14 percent occupied, presenting the opportunity for potential investors to acquire a stabilized shopping center with a light value add component of leasing the remaining available space. The asset is being offered at a 8.00 percent cap rate on projected NOI resulting in a purchase price of $9.34M.

Woodlyn Plaza is situated on 9.44 acres and has ample parking (±350 parking spaces) and sixteen tenants. The center is anchored by a 16,950 square foot Grocery Outlet. Grocery Outlet has been at the site for over 10 years and serves as the community’s primary grocery store. Grocery Outlet is complimented by fifteen national and regional tenants where 55.43% of the occupied GLA reimburse ownership for taxes, insurance, common area maintenance. The Property currently has six available spaces totaling 24,180 square feet. This is a tremendous opportunity for a hands-on investor to lease up the space in a growing submarket.

The Property is strategically located at a signalized intersection with frontage on MacDade Boulevard which has a traffic count of approximately 26,700 cars per day. Woodlyn Plaza neighbors Widener University, a top Philadelphia area university with over 6,400 students, and Ridley High School in Ridley Township which is less than fourteen miles from Philadelphia. Boeing Rotorcraft Systems and Crozer- Keystone Health Systems are notable economic drivers within close proximity to the Property. Ridley Township provides access to Interstate 95 and Interstate 476 (Blue Route). Woodlyn Plaza TENANT UNIT NRSF

F&B Variety 1 1,200 SITE PLAN Cheese's Hair Studio 2 1,225 WOW Woodlyn Nails 3 1,980

Cricket 4 2,585

Wing Hut 5A 815

Available 5B 1,000

Available 6&7 3,906

Available 8 4,019

Hibachi Grill 9,10,11 11,280

Grocery Outlet 12&13 16,950

Value Hair Beauty 14 8,250

Jackson Hewitt 15 1,475

Available 16 9,175 Available Available 17A 2,000 2,000 SF Little Caesar's 17B&18 2,800 Available Woodlyn Cleaners 19 3,600 9,175 SF 16 Woodlyn Academy * 20/21/22 13,253

A Available Basement 4,080 17 14 15 Direct Buy Furniture 23 4,200 Available Family Dollar 24 8,900 3,906 SF 12-13 B Seafood Hut & Market** 25 3,080 17 /18 19 Available 9,10,11 20 4,019 SF 8

6/7 21-22 Available 5B 4,080 SF A 5 Basement

4 21-22

3 23 Available 2 1,000 SF 1

24 2524 25 TENANT OVERVIEWS 15 TENANTS | NATIONAL AND LOCAL

Property Analysis Woodlyn Plaza TENANT DESCRIPTION

Grocery Outlet is a supermarket company that offers discount,

Lease Commencement: 1/1/2008 overstocked and closeout products from name brand and private label suppliers. James Read founded the company on June 11, Lease Expiration: 12/31/2023 1946, in San Francisco, California. The third generation of the Read family is now running the business, with 280+ independently Gross Leasable Area: 16,950 SF operated stores in California, Idaho, Nevada, Oregon, Pennsylvania, and Washington. Grocery Original Term: 15 Years Outlet stores are located in cities large and small, and serve a variety of neighborhoods.

Option Term: One, 5 Year Option The majority of Grocery Outlet stores are independently operated by locally based individuals.

Term Remaining: 5 Years Each store has flexibility in its product offerings to serve local tastes and demand. In 2014, private equity fund Hellman & Friedman LLC agreed to partner with senior management and Headquartered: Emeryville, CA acquire Grocery Outlet from principal owner Berkshire, Partners LLC.

No. of Locations : 280 +/-

Website: www.groceryoutlet.com

REPRESENTATIVE PHOTO

Taxes: Tenant pays pro rata share of Taxes

Insurance: Tenant pays pro rata share of Insurance

Tenant shall pay pro rata share of Common Area Maintenance including the cost of capital improvements designed to protect the health and safety of the tenants in the leased CAM: premises and the shopping center.

Utilities: All Utilities are in Tenant’s name and paid directly

HVAC: Tenant, at its sole cost, shall maintain the HVAC Unit for the leased premises

Estoppel Certificate: No later than 10 days after such request

Guarantor: Grocery Outlet Inc

Kickout Grocery Outlet has the option to terminate with 6 month notice effective 01/01/2021 Woodlyn Plaza TENANT DESCRIPTION

Grocery Outlet, founded in 1946 by Jim Read, is still family-owned and operated and is the largest extreme-value grocery retailer in the United States. The company engages in remarketing excess inventories. Its stores offer groceries, frozen foods, deli and refrigerated products, organics and produce, fresh meat, general merchandise, over-the-counter drugs, seasonal products, housewares, toys, gifts, health and beauty, and beer and wine. All products sold by Grocery Outlet are purchased directly from manufacturers, not other retail stores.

Traditionally, Grocery Outlet stores are independently operated by locally-based families and are found in both large and small cities. The third generation of the Read family is now running the business, with more than 280 independently-operated stores in California, Idaho, Nevada, Oregon, Pennsylvania and Washington. It also has perishables warehouses in Modesto, California and Spokane, Washington. Today the company is headquartered in Emeryville, California.

M Since its founding, Grocery Outlet Inc has continued an impressive growth rate with sales reaching $500 million in 2001 and $1 3

I billion in 2011. Berkshire Partners sold it’s ownership interest after a productive five year relationship to Hellman & Friedman. During M L

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its 25-year investing history, the PE firm has raised over $25 billion of committed capital and has invested in over 75 companies. L R E

A Hellman & Friedman LLC was founded in 1984 and is based in San Francisco, California with offices in New York, New York and R

A London, United Kingdom. It is operated by a team of over 45 investment professionals including 18 managing directors with an I

U D

S average tenure with the firm of over ten years. I

280+ Locations Across The Nation Woodlyn Plaza COMPETITION MAP

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M I L R D E I A Subject I L

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U S Woodlyn Plaza TENANT DESCRIPTION

Dollar Tree, Inc., incorporated on February 22, 2008, is an operator of discount variety stores. As of January 28, 2017, the Compa- Lease Commencement: 7/21/2008 ny operated 14,334 stores in 48 states and the District of Colum-

Lease Expiration: 6/30/2023 bia, and five Canadian provinces.

Gross Leasable Area: 8,900 SF The Company’s segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price. The Family Original Term: 15 Years Dollar segment operates a chain of general merchandise retail discount stores providing One, 5 Year Option consumers with a selection of merchandise in neighborhood stores. The Company’s stores Option Term: One, 4.5 Year Option operate under the names of Dollar Tree, Family Dollar and Dollar Tree Canada.

Term Remaining: 5 Years

Headquartered: Charlotte, NC

No. of Locations : 8,000 +/-

Website: www.familydollar.com

REPRESENTATIVE PHOTO

Taxes: Tenant will pay their pro rata share of real estate taxes for the shopping center

Insurance: Tenant will pay their pro rata share of insurance to the landlord

CAM: Tenant will be responsible for their pro rata share of CAM plus an Admin Fee of 15%

Utilities: Tenant pays their pro rata share of utilities to the landlord

HVAC: Tenant is responsible for the maintenance and replacement of HVAC system

Exclusive: Discount Stores

CAM Cap: 5% CAM cap annually excluding snow and ice removal, utilities and insurance. Representative Photo Estoppel Certificate: 30 Days after written request

Guarantor: Family Dollar Stores Inc. Woodlyn Plaza TENANT DESCRIPTION

TENANT LOGO TENANT DESCRIPTION TENANT WEBSITE LOCATIONS

2 CHEESE’S Cheese’s Hair Studio is a full-service hair salon that offers quality men’s and women’s facebook.com/pages/Cheeses-Hair-Studio Woodlyn, PA HAIR STUDIO haircuts, hair styling, and color services.

3 WOW Woodlyn Nails is a full-service nail salon that offers quality manicures and pedicures facebook.com/pages/Wow-Woodlyn-Nails Woodlyn, PA WOWNAIL SALON as well as various beauty products.

4 Cricket Wireless LLC is a prepaid wireless service provider in the United States and a cricketwireless.com 4,300 +/- wholly owned subsidiary of AT&T Inc.

5A Wing Hut is a takeout, delivery, and dine in restaurant. The restaurant specializes in winghutwoodlyn.net Woodlyn, PA wings as well as cheesteaks, wraps and various other hot sandwiches and food.

9-11 The Restaurant features a wide selection of Chinese, Japanese, and American foods. HIBACHI GRILL facebook.com/pages/Hibachi-Buffet-and-Sushi-Grill Woodlyn, PA & SUSHI BUFFET Guests can find traditional Chinese dishes and specialty items while dining here.

14 Value Hair Beauty is a full-service hair salon that offers quality men’s and women’s hair- VALUE HAIR N/A Woodlyn, PA BEAUTY cuts, hair styling, and color services.

15 Jackson Hewitt Tax Service Inc. is the second-largest tax-preparation service in the United States; responsible for preparing over 2 million federal, state, and local income- jacksonhewitt.com 6,000 +/- tax returns each year.

17B & 18 Little Caesars is the third-largest pizza chain in the United States, behind Pizza Hut and Domino’s Pizza. It operates and franchises pizza restaurants in the United States and littlecaesars.com 5,500 +/- internationally.

23 Direct Buy Furniture is a company that sells home and office furniture. The company carries 6 brands within their stores and has two locations in the greater Philadelphia direct-buyfurniture.com 2 Area.

Woodlyn Academy provides a safe and caring academic environment for Infants, Toddlers, Preschoolers and School Age Children. The foundation of Woodlyn Academy’s program is built on a partnership between families and the school, where learning and development woodlynacademy.com Woodlyn, PA occur naturally. MARKET OVERVIEW WOODLYN, PA | RIDLEY TWP | PHILLY MSA

Property Analysis Woodlyn Plaza REGIONAL MAP

lentow w Yor l n e k A N

65 Miles to Allentown 110 Miles to New York

adelp il h i h a

17 Miles to Philadelphia

Subject Property

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90 Miles to Baltimore WOODLYN, PA 1 MILE 3 MILES 5 MILES

Population 22,181 109,513 238,778

Households 8,128 42,003 92,665

Household Income $59,777 $78,337 $81,695

Traffic Counts (MacDade Blvd) 26,698 VPD Crozer-Chester I-95 (6,400 Total Enrolled) Medical Center WINE & I-95 SPIRITSM I-95

Subject Property

Providence Ave MacDade Boulevard

MacDade Boulevard

Ridley High School Blue Route (476) (2,600 Total Enrolled)

Widner University 17 Miles to Philadelphia 26,698 VPD LESS THAN ONE MILE AWAY | 6,400 ENROLLED TOTAL POPULATION 1.58M (2017) IN CLOSE PROXIMITY TO TWO MAJOR ROADS 110 Acre Main Campus in the (6,400 Total Enrolled) Metropolitan Philadelphia Area

Wall Street Journal ranks Widener a Top 10 Philadelphia-area school.

Teachers, researchers, and students from 48 states and 37 countries

Programs in nursing, engineering, social work, and arts & sciences.

26,698 VPD IN CLOSE PROXIMITY TO TWO MAJOR ROADS Woodlyn, PA LOCATION OVERVIEW

Woodlyn is located in the western part of Ridley Township. It is bordered to the northeast by the Folsom part of Ridley Township, to the east by the borough of Ridley Park, to the south by the borough of Eddystone, to the southwest by the city of Chester, to the west by Nether Prov- idence Township, and to the north by Springfield Township and the borough of Swarthmore. Ridley Township is in southeastern Delaware County, northeast of Chester and southeast of Media, the county seat. The borough of Rutledge is in the northern part of the township but is a separate municipality. Interstate 476 (the Blue Route) and Interstate 95 intersect in the southern part of Woodlyn. Center City, Philadelphia, is 14 miles (23 km) to the northeast via I-95.

Widener University is a private, coeducational university located in Chester, Founded in 1821 as a preparatory school for boys in Wilmington, Delaware, the Pennsylvania. Its main campus sits on 110 acres (.44 km²), just 14 miles (23 institution now known as Widener University moved to Pennsylvania in 1862 and was km) southwest of Philadelphia. The university has three other campuses: two in granted collegiate powers and privileges via universal charter by the Pennsylvania Pennsylvania (Harrisburg and Exton) and one in Wilmington, Delaware. legislature in April of the same year. It was known from 1892 to 1972 as Pennsyl- vania Military College, though it had officially become PMC Colleges in 1966 when About 3,300 undergraduates and 3,300 graduate students attend Widener in a nonmilitary, coeducational component was added. Graduate programs were also eight degree-granting schools. The university offers associate’s, baccalaureate, introduced in 1966. master’s, and doctoral degrees in areas ranging from traditional liberal arts to professional programs. The Carnegie Foundation classifies Widener as a Doctor- In 1972 the name Widener College was adopted after the prominent Widener family of al/Research University and a Community Engagement Institution. Widener was Philadelphia and the Corps of Cadets disbanded (an Army ROTC program still exists). ranked #181 in the National Universities category by US News & World Report In recognition of its comprehensive offerings, Widener College became Widener for 2012. University in 1979. Today, Widener is a four-campus university offering more than 80 programs of study. Philadelphia, PA LOCATION OVERVIEW PHILADELPHIA OVERVIEW TOP EMPLOYERS: Greater Philadelphia, the nation’s seventh largest metropolitan area and fifth largest city, Organization/Company Employees is situated in the heart of the Northeast Corridor and is the keystone of major north-south, 1) University of Pennsylvania/Health System 32,000 east-west highway and rail networks. The Philadelphia metro encompasses 11 counties 2) Comcast Corporation 22,000 in four states: Philadelphia, Delaware, Bucks, Chester and Montgomery in Pennsylvania; 3) Thomas Jefferson University/Health 20,000 Gloucester, Burlington, Camden and Salem counties in New Jersey; New Castle County in 4) Temple University/Health System 17,000 Delaware; and Cecil County in Maryland. More than 100 million people are within a one- 5) Trinity Health Corporation 13,600 day drive of Philadelphia. The Greater Philadelphia market area spans nineteen counties in 6) Merck and Co. Inc. 12,500 Southeastern Pennsylvania, Southern New Jersey and Northern Delaware. 7) The Childrens Hospital of Philadelphia 10,000 8) Drexel University 10,000 Philadelphia boasts strong economic fundamentals. The Gross Metropolitan Product for 9) The Vanguard Group Inc. 9,500 the Philadelphia Region is the eighth largest in the U.S. ($433.9 billion dollars in 2017). 10) Virtua Health System 8,000 The strength and desirability of Greater Philadelphia is characterized by its economic diversity and population density. Its location, high concentration of educational, medical and government facilities, and a strong transportation network underscore these strengths. Residents of the Philadelphia area have always enjoyed a high quality of life.

HIGHLY EDUCATED WORKFORCE 9TH BEST PUBLIC 6.1% GROWTH Philadelphia has one of the highest concentrations of higher learning, TRANSIT SYSTEM OF 20-34 YR including the University of Pennsylvania, Temple and Drexel University. IN THE U.S. OLDS SINCE 2006

EXPANDING HEALTH-SCIENCE SECTOR The metro is a significant pharmaceutical, medical & biosciences center. Companies include Merck, GlaxoSmithKline and Johnson & Johnson.

TRANSPORTATION NETWORK 7TH LARGEST MSA 60% OF U.S. Interstate 95 connects Philadelphia to both New York City and Washing- WITH OVER 6 POPULATION MILLION PEOPLE WITHIN 2 HR FLIGHT ton, D.C., and Interstate 76 links the region to Pittsburgh and Cleveland. Philadelphia, PA LOCATION OVERVIEW

Greater Philadelphia is a major, natural hub of the Northeast Corridor. It is situated on the Delaware River at the center of the most prosperous, densely populated region in America. 1st millennial growth rates More than 100 million people are within a one-day drive of Philadelphia. The Greater Philadelphia market area spans thirteen counties in Southeastern Pennsylvania, Southern New Jersey and Northern Delaware. Philadelphia boasts strong economic fundamentals. in housing value and opportunity The Philadelphia Region ranks ninth in terms of gross metropolitan product, fifth in terms 1st among top metros of personal income and is the nation’s fourth largest media market. The strength and desirability of Greater Philadelphia is characterized by its economic diversity and population density. lowest office rental rates among 2nd top metros Philadelphia is Pennsylvania’s largest city, the business capital of the state, and ranks second in size only to New York City on the East Coast. Within a 300-mile radius is an intermediate market containing 20% of the United States population and 25% of its largest metro in the Northeast, 3rd with $432 billion in GRP disposable income. Philadelphia is 130 miles northwest of Washington, DC and 90 miles southwest of New York City.

4th largest media market

largest population, with 6.3 5th million people

SHARE OF 2017 TOTAL EMPLOYMENT

22% 18% 16% 11% 9% 6% 4% 2% EDUCATION TRANSPORTATION BUSINESS SERVICE GOVERNMENT HOSPITALITY MANUFACTURING CONSTRUCTION INFORMATION Woodlyn, PA LOCATION OVERVIEW

POPULATION 1 Miles 3 Miles 5 Miles HOUSEHOLDS BY EXPENDITURE 1 Miles 3 Miles 5 Miles Total Average Household Retail . 2022 Projection $54,247 $63,606 $65,866 Expenditure Total Population 22,181 109,513 238,778 . Consumer Expenditure Top 10 . 2017 Estimate Categories Total Population 23,148 111,859 242,697 Housing $15,215 $17,307 $17,899 . 2010 Census Shelter $8,577 $9,744 $10,073 Total Population 22,805 110,318 240,084 Transportation $8,454 $10,206 $10,667 . 2000 Census Food $5,445 $6,315 $6,524 Total Population 24,037 113,855 246,183 Personal Insurance and Pensions $4,610 $5,904 $6,184 . Current Daytime Population Utilities $3,539 $3,970 $4,085 2017 Estimate 19,072 101,509 222,119 Health Care $3,529 $4,427 $4,592 HOUSEHOLDS 1 Miles 3 Miles 5 Miles Entertainment $2,078 $2,408 $2,504 Household Furnishings and $1,500 $1,727 $1,796 . 2022 Projection Equipment Total Households 8,128 42,003 92,665 Apparel $1,323 $1,669 $1,740 . 2017 Estimate POPULATION PROFILE 1 Miles 3 Miles 5 Miles Total Households 8,291 42,164 92,815 . Population By Age Average (Mean) Household Size 2.60 2.52 2.52 2017 Estimate Total Population 23,148 111,859 242,697 . 2010 Census Under 20 29.60% 25.94% 24.78% Total Households 8,208 41,597 91,821 20 to 34 Years 24.61% 20.79% 20.60% . 2000 Census 35 to 39 Years 5.36% 5.71% 6.03% Total Households 8,801 42,901 93,803 40 to 49 Years 11.28% 12.18% 12.33% . Occupied Units 50 to 64 Years 17.87% 20.86% 21.21% 2022 Projection 8,128 42,003 92,665 Age 65+ 11.29% 14.54% 15.05% 2017 Estimate 9,028 44,674 97,458 Median Age 31.54 37.85 38.79 HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles . Population 25+ by Education Level . 2017 Estimate 2017 Estimate Population Age 25+ 13,701 74,243 165,824 $150,000 or More 4.96% 10.05% 10.45% Elementary (0-8) 3.31% 2.01% 1.68% $100,000 - $149,000 11.38% 14.36% 15.83% Some High School (9-11) 9.22% 7.58% 6.53% $75,000 - $99,999 10.71% 13.45% 13.95% High School Graduate (12) 42.72% 37.70% 38.04% $50,000 - $74,999 17.52% 17.59% 18.17% Some College (13-15) 17.47% 17.23% 17.59% $35,000 - $49,999 12.58% 12.21% 12.33% Associate Degree Only 5.94% 7.40% 7.52% Under $35,000 42.86% 32.34% 29.26% Bachelors Degree Only 12.64% 16.08% 16.94% Average Household Income $59,777 $78,337 $81,695 Graduate Degree 7.83% 11.01% 10.84% Median Household Income $42,499 $56,768 $60,206 Per Capita Income $22,319 $29,995 $31,565 WOODLYN PLAZA 1936 MACDADE BOULEVARD WOODLYN, PA

HIBACHI GRILL & SUSHI BUFFET