NET LEASED INVESTMENT OPPORTUNITY ± 23,426 SF ......INTEGRITY. RESULTS 1306 Wilmington Pike, Suite...
Transcript of NET LEASED INVESTMENT OPPORTUNITY ± 23,426 SF ......INTEGRITY. RESULTS 1306 Wilmington Pike, Suite...
NET LEASED INVESTMENT OPPORTUNITY
OFFERING MEMORANDUM
821 Newark Rd | Toughkenamon, PA 19374± 23,426 SF
RETAIL BUILDING
KNOWLEDGE . INTEGRITY . RESULTS
1306 Wilmington Pike, Suite A-2 West Chester, PA 19382
610.359.1100www.zmcre.com
Tess [email protected]
James [email protected]
Commercial real estate is one of the most important and expensive financial transactions your business will make. The results of this complex process will affect your profits and productivity for years. Successful decisions will depend on much more than location and price. To achieve your goals, you need a real estate firm with a deep understanding of the market, a dedication to detail and the ability to negotiate aggressively and effectively.
Zommick McMahon Commercial Real Estate, Inc. has devoted Real Estate Specialists in the area of Investments, Office, Retail and Industrial Real Estate.
Whether you are purchasing a commercial property for your business or as an investment, the ZMCRE Team provides a deep understanding of the market, a dedication to detail and the ability to negotiate aggressively and effectively.
Marketing strategy is a series of unified actions that lead to a competitive advantage.
OFFERING MEMORANDUM: NET LEASED RETAIL INVESTMENT 2
3OFFERING MEMORANDUM: NET LEASED RETAIL INVESTMENT
TABLE OF CONTENTS
Executive Summary 4
Property Overview Photo 5
Retail Market Aerial 6
Site Plan 7
Demographics & Traffic 8
Tenant Profile 9
Market Overview 10
821 Newark Rd | Toughkenamon, PA 19374
EXECUT IVE SUMMARY
4OM | 821 Newark Rd, Toughkenamon, PA 19374
• Excellent net leased retail investment opportunity• Located along busy Rt. 41 at a signalized intersection• 15 year primary term (In year 2 currently)
• Price: $5,000,000• 5% increases every 5 years
Address 821 Newark Road, Toughkenamon, PA 19374
Building Size ± 23,426 SF
Lot Size ± 2.01 Acres
Cap Rate 5.75%
Price $5,000,000
PROPERTY OVERVIEW
5OM | 821 Newark Rd, Toughkenamon, PA 19374
SITE:
GAP NEWPORT PIKE ± 20,000 VPD
GAP NEWPORT PIKE ± 20,000 VPD
NEWARK ROAD ± 7,663 VPDNEWARK ROAD ± 7,663 VPD
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RETAIL MARKET AERIAL
6OM | 821 Newark Rd, Toughkenamon, PA 19374
GAP NEWPORT PIKE ± 20,000 VPD
GAP NEWPORT PIKE ± 20,000 VPD
NEWARK ROAD ± 7,663 VPDNEWARK ROAD ± 7,663 VPD
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New GardenElementary
SITE:
NEWARK ROAD
PYLON SIGNMulti-Tenant Sign
PotentialPad
PotentialPad
± 23,426 SF
Multi-Tenant Sign
OUTDOORDISPLAY AREA
PERMANANT TRAILERAND EQUIPMENT DISPLAY AREA
SITE PLAN
7OM | 821 Newark Rd, Toughkenamon, PA 19374
DEMOGRAPHICS & TRAFF IC
DEMOGRAPHICS 1 MILE 3 MILE 5 MILE
TOTAL POPULATION 2,280 25,265 63,448
AVERAGE HHI $195,428 $153,376 $146,811
TOTAL HOUSEHOLDS 686 7,946 21,398
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REGIONAL MAP
SITE
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LOCAL MAP
SITE
NGap Newport Pike: ±20,000 VPD
OM | 821 Newark Rd, Toughkenamon, PA 19374
Newark Road: ±7,663 VPD
TENANT PROF ILE
9OM | 821 Newark Rd, Toughkenamon, PA 19374
Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, has been passionate about serving its unique niche, as a one-stop shop for recreational farmers, ranchers and all those who enjoy living the rural lifestyle, for more than 80 years.
Tractor Supply offers an extensive mix of products necessary to care for home, land, pets and animals with a focus on product localization, exclusive brands and legendary customer service that addresses the needs of the Out Here lifestyle. With over 32,000 team members, the Company leverages its physical store assets with digital capabilities to offer customers the convenience of purchasing products they need anytime, anywhere and any way they choose at the everyday low prices they deserve. At December 28, 2019, the Company operated 1,844 Tractor Supply stores in 49 states and an e-commerce website at www.TractorSupply.com.
Tractor Supply Company also owns and operates Petsense, a small-box pet specialty supply retailer focused on meeting the needs of pet owners, primarily in small and mid-size communities, and offering a variety of pet products and services. At December 28, 2019, the Company operated 180 Petsense stores in 26 states.
LOCATIONS 1,844+ (est. 2019)
CREDIT RATING N/A (S&P) / N/A (Moody’s)
WEBSITE www.tractorsupply.com
MARKET OVERVIEW
10OM | 821 Newark Rd, Toughkenamon, PA 19374
CHESTER COUNTY OVERVIEW TOP EMPLOYERS
ENTERTAINMENT & ATTRACTIONS
POPULATION522,046
MEDIAN HHI$99,119
MEDIAN AGE40.6
EMPLOYEES277,332
• Chester County is located in southeast Pennsylvania in the Philadelphia Metropolitan Area.• Chester County is 759 square miles or approximately 485,600 acres in size.• Chester County is the 7th most populated county in Pennsylvania (2010 Census).
1. Vanguard Group Inc2. QVC Network Inc3. County of Chester4. Federal Government5. The Chester County Hospital6. Giant Food Stores LLC7. Main Line Hospitals Inc8. PA State Systems of Higher Ed9. YMCA of Greater Brandywine Valley10. The Devereux Foundation
KNOWLEDGE . INTEGRITY . RESULTS
1306 Wilmington Pike, Suite A-2 West Chester, PA 19382
610.359.1100www.zmcre.com
Tess [email protected]
James [email protected]
OFFERING MEMORANDUM