OFFERING MEMORANDUM RESIDENTIAL-ZONED LAND SITE | ± 10.18 ACRES T A B L E O F C O N T E N T S

Will Young EXECUTIVE SUMMARY 3 Commercial Real Estate Advisor [email protected] PROPERTY INFORMATION 4 404-876-1640 x141 SURVEY 5

Jacob Carlton SALE COMPS 6 Associate [email protected] AREA OVERVIEW 8 404-876-1640 x182 RETAILER MAP 9 Broker of Record 10 Brian Brockman IN THE AREA Bang Realty, Inc ABOUT THE AREA 12 OH License Number: 263907 ZONING INFORMATION 13 Bull Realty, Inc. 15 50 Glenlake Parkway, Suite 600 MAJOR EMPLOYERS Atlanta, GA 30328 DEMAND DRIVERS 16 BullRealty.com BROKER PROFILE 17

CONFIDENTIALITY AGREEMENT 18

DISCLAIMER 19

Exclusively listed by Bull Realty, Inc. R e s i d e n t i a l - Z o n e d L a n d S i t e | ± 1 0 .1 8 A c r e s | P a g e 2 o f 1 9 E X E C U T I V E S U M M A R Y

PROPERTY DESCRIPTION KEY FIGURES Bull Realty and Bang Realty are pleased to present the opportunity to acquire this ± 10.18-acre, residential- zoned land site on State Route 28 in Goshen Township, OH. The property is located 30 miles east of in Clermont County and is situated less than a mile from Goshen High School, Goshen Middle School, Spaulding Elementary School and Marr Cook Elementary. The property is also located ± 0.7 miles Residential-Zoned Land Site from Kroger and Goshen Grind coffee shop. Additional shopping, dining and recreation options can in Goshen Township, OH conveniently be found approximately 10 minutes southwest in the town of Mulberry, OH.

PROPERTY HIGHLIGHTS

± 10.18-acre land site on State Route 28 in Goshen Township, OH All Utilities Available Zoned R-5 ideal for multifamily or single-family development to Site

All utilities are available to the site

Seller is willing to allow time for approvals

Parcel ID: 11-22-07K-209 Located ± 30 Miles from Located less than a mile from Kroger and Goshen School District schools

Less than 10 minute drive from Mulberry dining and entertainment options

Located ± 30 miles from Downtown Cincinnati

Available For Sale for $1,700,000

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GENERAL

Property Address: State Route 28, Goshen, OH 45122 County: Clermont

SITE

Site Size: ± 10.18 Acres Parcel ID: 11-22-07K-209 Zoning: R-5 Proposed Use: Multifamily, Single-Family Residential Utilities: All Utilities Available to Site Topography: Generally Level

AREA

Traffic Count: 7,190 VPD on State Route 28 Frontage: 708' on Main Street

Neighboring Properties: 0.75 miles from Goshen High School, 0.28 miles from Kroger Cross Streets: State Route 28 & Main Street

FINANCIAL

Price/Acre: $166,994 Sale Price: $1,700,000

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Click here to view proposed development plan: https://bit.ly/2TJAaGt Click here to view flood map: https://bit.ly/3hnCQmj

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Subject Property

SUBJECT PROPERTY ADDRESS CITY ASKING PRICE PRICE / AC SITE SIZE SOLD DATE

State Route 28 Goshen $1,700,000 $166,994 10.18 AC -

SALES COMPS ADDRESS CITY SALE PRICE PRICE / AC SITE SIZE SOLD DATE

1 9305 Allen Road West Chester $3,100,000 $216,631 14.31 AC 09/13/2019

2 Ausn Blvd Miamisburg $1,000,000 $200,000 5.0 AC 11/15/2019

3 179 Commerce Drive Loveland $1,100,000 $220,000 5.0 AC 11/03/2020

4 3232 Eastgate Center Cincinnati $672,505 $99,189 6.78 AC 03/05/2021

5 Elizabeth Lane Wilington $1,300,000 $130,000 10.0 AC 01/09/2020

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Subject Property

ADDRESS CITY ASKING PRICE PRICE / AC SITE SIZE SOLD DATE

6 Manson Road Monroe $1,586,700 $176,692 8.98 AC 04/28/2021

7 8341 Princeton Glendale Road West Chester $4,100,000 $266,579 15.38 AC 10/13/2020

8 Bethany Road Liberty Township $814,720 $160,062 5.09 AC 07/17/2019

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KINGS ISLAND CINCINNATI/NORTHERN 1 Kings Island is a 364-acre amusement park KENTUCKY INT’L. AIRPORT 2 that features over 100 attractions that includes CVG is a public international airport that fourteen roller coasters and a 33-acre water covers an area of 7,700 acres. Not only does park. In 2017, Kings Island was the second- the airport offer non-stop passenger service to most visited amusement park in the United over 50 destinations but is also a global hub for States, with an estimated 3.47 million visitors. Amazon Air and more. It is the fastest-growing It also has been awarded “Best Kids’ Area” in cargo airport in North America and had over the world for eighteen consecutive years. 9 million passengers in 2019. Amazon Air is currently developing over 1,000 acres of land.

BETHESDA NORTH HOSPITAL 3 This award-winning hospital provides a wide The University of Cincinnati is a public research 4 range of services from heart care to maternity university and is the oldest institution of higher services. Cincinnati’s leader in acute heart education. There are over 46,000 students attack care, among top 100 U.S. hospitals for offering over 400 degree programs making it cardiac care, top choice for maternity care, the second largest university in Ohio. It has Cincinnati’s preferred hospital for orthopedic been named “Among the top tier of the Best care are just a few achievements Bethesda National Universities” according to U.S. News North has been granted. & World Report.

XAVIER UNIVERSITY CSX TRANSPORTATION 6 5 Founded in 1831, this private Jesuit university QUEENSGATE YARD is the sixth-oldest Catholic university and The Queensgate Yard is one of the largest rail has over 7,000 undergraduate and graduate classification facilities in North America, with a students. It is annually ranked among the length of five miles and over 70 miles of track. nation’s best universities and offers 90+ It is one of the most productive hump yards on undergraduate majors and has a 98% success the CSX system. rate. The Xavier community challenges and supports students as they cultivate lives of reflection and informed action.

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GOSHEN TOWNSHIP, OHIO NOTABLE AREA EMPLOYERS (Clermont County) Goshen Township, Ohio is a growing community of 17,500 people – the 4th largest of the fourteen townships in Clermont County. Located 30 miles east of Cincinnati, the thirty-four square mile community offers shopping, recreation and employment opportunities found in urban places along with the solitude of the rural countryside. Goshen Township boasts 4 public schools including Goshen High School, Goshen Middle School, Spaulding Elementary School and Marr Cook Elementary School.

DEMOGRAPHICS

1 MILE 3 MILES 5 MILES

POPULATION 1,614 12,992 35,030

# HOUSEHOLDS 603 4,819 12,580

AVG. HOUSEHOLD INCOME $64,911 $60,353 $73,865

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R-5 (MODERATE-HIGH DENSITY AT TACHED RESIDENTIAL DISTRICT)

The Moderate-High Density Attached Residential District (R-5) is established to allow for moderate density attached residential options that could include multi- family uses with up to six units per residential structure. This zoning is only appropriate where there is sufficient public infrastructure to accommodate the increased density. Possibility to rezone to R-6 to allow for higher density dwellings of 15 units per building

PERMIT TED USES

Permitted uses for this zoning district include two-family and multi-family dwellings, parks, recreation and open space.

For more zoning information, click here: https://bit.ly/3xqRAWP For information on available tax incentives, click here: https://bit.ly/2UGHpPM

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T H E Q U E E N O F T H E W E S T

Cincinnati was initially settled in the 1790s and was soon later incorporated as a town in 1802. The city quickly became a creative and economic hub over the next 40 years. In 1820, Cincinnati locals begun calling the town “The Queen City” and () “The Queen of the West”. The city was once a major shipping center, primarily for the port industry. Cincinnati is the third-largest city in Ohio and only the 64th in the United States. It’s location on the Ohio River has contributed not only to its prosperity but also its scenic charm. Today, Cincinnati is home to major corporations that include Procter & Gamble, Kroger and Federated Department Stores, the parent company of Macy’s and Bloomingdale’s. ()

Cincinnati is home to three major sports teams: the Cincinnati Reds, Cincinnati TQL STADIUM (FC CINCINNATI) Bengals and FC Cincinnati. The Cincinnati Reds are ’s oldest team. The University of Cincinnati and Xavier Univerity have nationally competitive basketball programs that draw a strong local following. Cincinnati has an energetic nightlife with a funky area of upcalse restaurants, bars and clubs. Riverboat casinos are available in Indiana just 20 minutes away.

HERITAGE BANK CENTER ()

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MAJOR EMPLOYERS

Services (wholesale and retail trade, government, education) constitute the main component of Cincinnati’s economy. The city’s highly diversified manufacturers include food products, transportation equipment, soap products, chemicals, industrial machinery, pharmaceuticals, metal products, textiles, furniture, and cosmetics; printing is also important. The city remains a national transportation hub that includes one of the country’s largest inland coal ports and an international airport located to the southwest in Kentucky.

Cincinnati employs more than 60,000 marketing, brand management, design, research, advertising and data-analytics professionals, making it an increasingly attractive region for diverse and millennial talent. In addition, it is home to ten Fortune 500 Companies.

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CINCINNATI ZOO CINCINNATI REDS UNIVERSITY OF & BOTANICAL MAJOR LEAGUE BASEBALL UC is a public research university with an enrollment of more than The Zoological Society of Cincinnati was Located on the winding banks of the 46,000 students and has been named founded in 1873 and officially opened Ohio River, Great American Ball Park is the “Among the top tier of the Best National its doors in 1875, making the Cincinnati Zoo home of the Cincinnati Reds and is praised Universities,” according to U.S. News & World & Botanical Garden the second oldest Zoo in the for innovative features, breathtaking views and Report. United States. The Zoo was founded on 65 acres in affordable seating options. Great American Ball Park the middle of the city, and since then has acquired also celebrates the team’s rich history with the Reds As the global founder of cooperative education, UC some of the surrounding blocks and several reserves Hall of Fame and Museum and award-winning Team remains a world-class leader in experience-based in Cincinnati’s suburbs. Shop plus get an up close look at things on the Scotts learning. The National Science Foundation places Ballpark Tour. UC in the top 40 among America’s public research Part of the public school system in Cincinnati since universities, and UC is one of only 115 institutions 1975, the Zoo hosts a four-year college prepatory classified as housing the very highest activity by program – Zoo Academy. The Cincinnati Zoo is proud the Carnegie Classification of Institutions of Higher to serve as the leading non-formal science educator in Education. U.S. News & World Report ranks UC in the Southwest Ohio. Over 300,000 students participate in Top Tier of America’s Best Colleges (64th among public the Zoo’s educational programs annually. universities), and Reuters recently named UC among the world’s top 100 most-innovative universities, one ART & HISTORY of only 46 U.S. universities to make that prestigious SCENE list.

One of the nation’s largest urban historic districts is Cincinnati’s Over- the-Rhine neighborhood which is comprised of 362 acres and 943 buildings and made the National Register of Historic Places in 1983. The neighborhood includes popular AWARD WINNING KINGS ISLAND Findlay Market - Ohio’s oldest continually operating open-air outdoor market which sees 900,000 people RESTAURANTS Kings Island is the largest amusement annually. Also here, 8-acre, Washington Park which is With multiple AAA Four Diamond and waterpark in the Midwest with home to historic Music Hall which hosts the Cincinnati Rated restaurants, world-famous more than 100 rides and attractions,. Symphony Orchestra, Pops Orchestra, Ballet and chili and features on Travel Channel’s Kings Island offers the perfect Opera. It underwent a $48 million renovation in 2013 Man V. Food Nation and Amazing Eats, combination of world-class fun and thrills which created a 450-space underground parking Cincinnati has developed a great reputation for all ages. garage and a beautiful park with performance stage. for foodies across the nation.

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PROFESSIONAL BACKGROUND Will Young delivers over 15 years of commercial real estate sales and valuation experience. While he is experienced in various types of commercial properties, his primary brokerage focus is in retail investment acquisitions and dispositions throughout the Southeast. The Rome, Georgia native graduated with a Bachelor of Business Administration in Real Estate from the University of Mississippi. Prior to working in commercial real estate sales, Mr. Young gained experience in Atlanta as a commercial real estate appraiser at Grubb & Ellis Landauer and G. Randall Hammond & Company. Will joined Bull Realty in 2016 and began building his brokerage practice based on integrity, superior client service, and exceptional results. Licensed as an appraiser and broker by the State of Georgia, Will has extensive knowledge of retail trends throughout the Southeast and focuses especially on emerging markets and metro Atlanta’s multi-tenant retail real estate market. He continues to enhance value proposition for his clients by leveraging on the proven marketing platform and systems W I L L YO U N G delivered by Bull Realty. Commercial Real Estate Advisor 404-876-1640 x141 Will is a member of the Atlanta Commercial Board of Realtors (ACBR), Young Council of Realtors (YCR), a candidate member of [email protected] the Certified Commercial Investment Member Institute (CCIM), a ACBR Million Dollar Club Member, and is a member of the International Council of Shopping Centers (ICSC).

PROFESSIONAL BACKGROUND

Jacob Carlton provides commercial real estate research, financial modeling and asset pricing for our Bull Realty National Retail Group while supporting counsel to our clients in the acquisition, disposition, and leasing of retail investment properties throughout the Southeast.

Utilizing Bull Realty’s industry-leading marketing strategies and research tools, Jacob maximizes the value of clients’ properties while delivering superior services through his in-depth knowledge of the markets, comps and market demand. J A C O B C A R LTO N Associate Born in Atlanta, Jacob graduated from Georgia Tech with a bachelor’s degree in Industrial Engineering. Jacob is a member of 404-876-1640 x182 [email protected] the Atlanta Commercial Board of Realtors (ACBR) and Association of Young Real Estate Professionals (AYREP).

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This Confidenality Agreement (“Agreement”) is made and agreed to for the benefit of the undersigned II. Acng as a Principal: party (“Receiving Party”), the owner of the subject property (the “Seller”) and undersigned broker Bull Receiving Party hereby warrants that it is acng as a principal only, and not as a broker, regarding this Realty Incorporated (“Broker”). Now therefore in consideraon of the privileges granted to Receiving Party contemplated transacon. Receiving Party acknowledges that Broker is working an agency capacity as with respect to receiving certain confidenal informaon, and other good and valuable consideraon, the represenng the Seller only in this transacon and is the only Broker involved in this potenal transacon. Receiving Party hereby agrees to the following: Receiving Party agrees to not be involved in any arrangement to lease or purchase the property, in whole or in part, as a lender, partner, buyer of the note, buy in foreclosure, buy from bankruptcy court, or in any I. Confidenal Informaon: other manner acquire an investment in, joint venture or control of the property, unless Bull Realty, Receiving Party will receive confidenal informaon regarding property referred to as State Route 28 Incorporated is paid a commission at closing as per separate agreement with Seller. Goshen, OH 45122. Prospect agrees to not disclose to any person that the property may be available for sale or lease, or that discussions or negoaons are taking place concerning the property, nor any terms, This agreement will expire two years from the date hereof. condions, or other facts with respect to the property, including but not limited to tenant informaon, lease rates, lease expiraons, income and expenses, and any such possible purchase, including the status thereof. III. Governing Law The term “person” used in this agreement shall be interpreted broadly and shall include, without limitaon, This Agreement shall be governed and construed in accordance with the laws of the State of Ohio. any corporaon, company, partnership or individual other than pares to which Broker approves in wring. Receiving Party may share informaon with directors, officers, employees, agents, affiliates, counsel, If you are a broker, or a principal desiring to include an outside broker, contact the lisng agent directly for a lending sources, accountants or representaves of Receiving Party that Receiving Party nofies of the Buyer and Buyer’s Broker Confidenality & Commission Agreement. requirements of this Agreement. Receiving Party agrees to not contact the property owner, the management, the tenants, the lender, the vendors, the insurers, the employees or the customers of any business at the site.

Accepted and agreed to __ / __ / __ Broker of Record: Bull Realty, Inc. Brian Brockman 50 Glenlake Parkway, Suite 600 Receiving Party Bang Realty, Inc Atlanta, GA 30328 OH License Number: 263907 Will Young Signature 404-876-1640 x141 [email protected] Printed Name Jacob Carlton Title 404-876-1640 x182 [email protected] Company Name

Address

Email SIGN CONFIDENTIALITY AGREEMENT ONLINE Phone

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Bull Realty, Inc. and Bang Realty have been retained as the exclusive listing brokers to arrange the sale of the Subject Property.

This Offering Memorandum contains selected information pertaining to the Property but does not purport to be all-inclusive or to contain all of the information that a prospective purchaser may require. All financial projections are provided for general reference purposes only and are based upon assumptions relating to the general economy, competition and other factors, which therefore, are subject to material change or variation. Prospective purchasers may not rely upon the financial projections, as they are illustrative only. An opportunity to inspect the Property will be made available to qualified prospective purchasers.

In this Offering Memorandum, certain documents, including financial information, are described in summary form and do not purport to be complete or accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to review independently all documents.

This Offering Memorandum is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation, endorsement, suitability or advice as to the value of the Property by Bull Realty Inc. or the current Owner/Seller. Each prospective purchaser is to rely upon its own investigation, evaluation and judgment as to the advisability of purchasing the Property described herein.

Owner/Seller expressly reserve the right, at its sole discretion, to reject any or all expressions of interest or offers and/or to terminate discussions with any party at any time with or without notice. Owner/Seller shall have no legal commitment or obligation to any purchaser reviewing this Offering Memorandum or making an offer on the Property unless a written agreement for the purchase of the Property has been fully executed, delivered and approved by the Owner/Seller and any conditions to the purchaser's obligations therein have been satisfied or waived. The Owner/Seller reserves the right to move forward with an acceptable offer prior to the call for offers deadline.

This Offering Memorandum may be used only by parties approved by the Broker. The Property is privately offered, and by accepting this Offering Memorandum, the party in possession hereof agrees (i) to return it if requested and (ii) that this Offering Memorandum and its contents are of a confidential nature and will be held and treated in the strictest confidence. No portion of this Offering Memorandum may be copied or otherwise reproduced or disclosed to anyone without the prior written authorization of Bull Realty, Inc. The terms and conditions set forth above apply to this Offering Memorandum in its entirety and all documents and other information provided in connection therewith.

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