OFFERING MEMORANDUM HULMEVILLE & GALLOWAY ROAD BENSALEM, PA Bensalem High School GALLOWAY ROAD BYBERRY ROAD HULMEVILLE ROAD Capital Markets | Investment Properties AFFILIATED BUSINESS DISCLOSURE AND CONFIDENTIALITY AGREEMENT CBRE, Inc. operates within a global family of This Memorandum contains selected information contents, and no legal commitment or obligation shall companies with many subsidiaries and/or related pertaining to the Property and does not purport to be arise by reason of your receipt of this Memorandum or entities (each an “Affiliate”) engaging in a broad range a representation of the state of affairs of the Property use of its contents; and you are to rely solely on your of commercial real estate businesses including, but not or the owner of the Property (the “Owner”), to be investigations and inspections of the Property in limited to, brokerage services, property and facilities all-inclusive or to contain all or part of the information evaluating a possible purchase of the real property. management, valuation, investment fund management which prospective investors may require to evaluate a and development. At times different Affiliates may purchase of real property. All financial projections and The Owner expressly reserved the right, at its sole represent various clients with competing interests in the information are provided for general reference discretion, to reject any or all expressions of interest or same transaction. For example, this Memorandum purposes only and are based on assumptions relating offers to purchase the Property, and/or to terminate may be received by our Affiliates, including CBRE to the general economy, market conditions, discussions with any entity at any time with or without Investors, Inc. or Trammell Crow Company. Those, or competition and other factors beyond the control of notice which may arise as a result of review of this other, Affiliates may express an interest in the property the Owner and CBRE, Inc. Therefore, all projections, Memorandum. The Owner shall have no legal described in this Memorandum (the “Property”) may assumptions and other information provided and commitment or obligation to any entity reviewing this submit an offer to purchase the Property and may be made herein are subject to material variation. All Memorandum or making an offer to purchase the the successful bidder for the Property. You hereby references to acreages, square footages, and other Property unless and until written agreement(s) for the acknowledge that possibility and agree that neither measurements are approximations. Additional purchase of the Property have been fully executed, CBRE, Inc. nor any involved Affiliate will have any information and an opportunity to inspect the Property delivered and approved by the Owner and any obligation to disclose to you the involvement of any will be made available to interested and qualified conditions to the Owner’s obligations therein have Affiliate in the sale or purchase of the Property. In all prospective purchasers. In this Memorandum, certain been satisfied or waived. instances, however, CBRE, Inc. will act in the best documents, including leases and other materials, are interest of the client(s) it represents in the transaction described in summary form. These summaries do not By receipt of this Memorandum, you agree that this described in this Memorandum and will not act in purport to be complete nor necessarily accurate Memorandum and its contents are of a confidential concert with or otherwise conduct its business in a way descriptions of the full agreements referenced. nature, that you will hold and treat it in the strictest that benefits any Affiliate to the detriment of any other Interested parties are expected to review all such confidence and that you will not disclose this offeror or prospective offeror, but rather will conduct summaries and other documents of whatever nature Memorandum or any of its contents to any other entity its business in a manner consistent with the law and independently and not rely on the contents of this without the prior written authorization of the Owner or any fiduciary duties owed to the client(s) it represents Memorandum in any manner. CBRE, Inc. You also agree that you will not use this in the transaction described in this Memorandum. Memorandum or any of its contents in any manner Neither the Owner or CBRE, Inc, nor any of their detrimental to the interest of the Owner or CBRE, Inc. This is a confidential Memorandum intended solely for respective directors, officers, Affiliates or your limited use and benefit in determining whether representatives make any representation or warranty, If after reviewing this Memorandum, you have no you desire to express further interest in the acquisition expressed or implied, as to the accuracy or further interest in purchasing the Property, kindly return of the Property. completeness of this Memorandum or any of its this Memorandum to CBRE, Inc. © 2018 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. CONTACT US PATRICK MCCABE Vice President +1 484 567 3344 [email protected] Licensed Salesperson NJ Licensed Salesperson PA 7,795 Hulmeville Road 19,348 TABLE OF CONTENTS Galloway Road 04 THE OFFERING 05 PROPERTY OVERVIEW 06 LOCATION OVERVIEW 08 AREALS / MAPS Byberry Road 13 PROPERTY DETAILS 9,346 14 ZONING MAP 15 DEMOGRAPHICS PROPERTY OVERVIEW THE OFFERING Fronting the heavy traveled Hulmeville Road (19,348 VPD) the offering sits close to a densely populated residential houses and Benslaem’s bustling retail corridor. Sitting less than 2 miles from the Byberry Pennsylvania Turnpike (80,296), the Road Franklin Mills Mall, and the Parx Casino, 9,346 this is a tremendous opportunity for developers searching for a premier in fill development parcel within Bucks County. Ownership has a development team in place to self-develop and offer Hulmeville Road Tenants a long-term lease option. 19,348 In addition, Ownership has the flexibility to offer the entire parcel or a 7,795 subdivided portion of the property for sale. Although the property is zoned residential, ownership and township Galloway Road understand the utilities of the property may best fit commercial applications with the newly constructed Galloway Road Bypass boarding a significant portion of the parcel. 4 PROPERTY OVERVIEW 3 MILE DEMOGRAPHICS FEATURES 2017 Population 98,180 • Flexible options Lease/Sale 2017 Households 37,048 • Neighboring tenants include: CVS Pharmacy, TD Bank, Philadelphia Mills, Parks Casino, Median Household Income $64,171 Bensalem High School Daytime Population 95,946 • Strong traffic counts DRIVE TIME TIMES DISTANCE • Less than 2 miles from PA Turnpike Parx Casino 5 Minutes 1.3 Miles • ±6.89 acres Neshaminy Mall 6 Minutes 2.4 Miles • Zoned R-AA & R-1 Philadelphia Mills 6 Minutes 2.5 Miles • Significant roadway infrastructure in place Population 5 Minutes 30,561 • Good access and visibility from heavily Population 10 Minutes 126,568 connected interior road system 5 BUCKS COUNTY OVERVIEW EMPLOYMENT Bucks County is geographically divided into three Bucks County has a diverse economic mix from sections. Each section is unique and has its own tourism, healthcare, communications, distinct characteristics. Upper Bucks is largely pharmaceutical and entertainment. Lower Bucks comprised of farms and State parks. Its County borders Northeast Philadelphia and the characteristics are rural with rolling farms and Delaware River to the East where there are largely dense forests. Central Bucks has grown dramatically manufacturing and distribution businesses due to over the past 10 years. Within close proximity to the proximity to major roadways, rail and Philadelphia, Princeton and New York, it offers waterways. Central Bucks County’s growth is due professionals good access to major employers to growth sectors such as pharmaceuticals, while enjoying quality housing in a scenic setting. technology, and healthcare providing while collar Lower Bucks County is a mix of businesses and jobs. Education, health and social services are the strong blue collar densely populated communities. largest employment sectors in Bucks County with Its infrastructure and strong workforce create a 19.7% of the total employment. Bucks County is compelling story for major industrial users and home to 7 hospitals and 16 school districts. distributors to locate in Lower Bucks County. Education attainment of Bucks County residents outpaces
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