PROPOSED DEVELOPMENT - RESTAURANT

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PROPOSED DEVELOPMENT - RESTAURANT 1694 N. Atherton Street | State College, PA 16803 Visit watersretailgroup.com for leasing opportunities. 200 Old Forge Lane, Suite 201 Kennett Square, PA 19348 610.388.6600 tel | 610.388.6605 fax LANDLORD REPRESENTATION | TENANT REPRESENTATION | DEVELOPMENT | BROKERAGE SERVICES CONSTRUCTION MANAGEMENT | DEMOGRAPHICS 2018 Estimated Population: 1 MILE – 14,192 3 MILES – 68,512 5 MILES – 87,631 2023 Population Projections: 1 MILES – 15,377 3 MILES – 72,208 5 MILES – 92,555 2018 Estimated Average Household Income: 1 MILES – $78,146 3 MILES – $75,403 5 MILES – $82,944 PROPERTY HIGHLIGHTS N. ATHERTON STREET MARTIN STREET WEST ARRON DRIVE Fantastic ± 7,530 SF built-to-suit, stand-alone restaurant space in State College, PA 2.5 miles from Penn State University (46,000+ students) ± 250 indoor seats and ± 132 outdoor seats Located in a densely populated community with over 87,000 people in a 5-mile radius Strong neighboring tenants include Wegmans, Chick-fil-a, Panera Bread, Chipotle and Red Lobster Property fronts on N. Atherton Street with convenient access and exceptional visibility

Transcript of PROPOSED DEVELOPMENT - RESTAURANT

Page 1: PROPOSED DEVELOPMENT - RESTAURANT

PROPOSED DEVELOPMENT - RESTAURANT1694 N. Atherton Street | State College, PA 16803

Visit watersretailgroup.com for leasing opportunities.

200 Old Forge Lane, Suite 201

Kennett Square, PA 19348

610.388.6600 tel | 610.388.6605 fax

LANDLORD REPRESENTA TION | TENANT REPRESENT ATION | DEVELOPMENT | BROKE RAGE SERVICES CONSTRUCTION MANAGEMENT |

DEMOGRAPHICS

2018 Estimated Population:

1 MILE – 14,192 3 MILES – 68,512 5 MILES – 87,631

2023 Population Projections:

1 MILES – 15,377 3 MILES – 72,208 5 MILES – 92,555

2018 Estimated Average Household Income:

1 MILES – $78,146 3 MILES – $75,403 5 MILES – $82,944

PROPERTY HIGHLIGHTS

N. ATHERTON STREET

MARTIN STREET

WEST ARRON D

RIVE

Fantastic ± 7,530 SF built-to-suit, stand-alone restaurant space in State College, PA

2.5 miles from Penn State University (46,000+ students)

± 250 indoor seats and ± 132 outdoor seats

Located in a densely populated community with over 87,000 people in a 5-mile radius

Strong neighboring tenants include Wegmans, Chick-�l-a, Panera Bread, Chipotle and Red Lobster

Property fronts on N. Atherton Street with convenient access and exceptional visibility

Page 2: PROPOSED DEVELOPMENT - RESTAURANT

PROPOSED DEVELOPMENT - RESTAURANT1694 N. Atherton Street | State College, PA 16803

WILLIAMSBURG SQUARE

COLONNADE AT STATE COLLEGE

WILLIAMSBURG SQUARE

NORTHLAND CENTERAND CENTER

The Bryn Student Living

Park Crest Terrace Apartments

The Park at State College

Park ForestApartments

NORTH ATHATHA ERTONPLACE

Univeristy Park

LANDLORD REPRESENTATION | TENANT REPRESENTATION | DEVELOPMENT | CONSTRUCTION MANAGEMENT | BROKERAGE SERVICES BROKERAGE SERVICES

Visit watersretailgroup com for leasing opportunities.

200 Old Forge Lane, Suite 201

Kennett Square, PA 19348

610.388 6600 tel | 610.388 6605 fax

Advance

Page 3: PROPOSED DEVELOPMENT - RESTAURANT

Advance Visit watersretailgroup.com for leasing opportunities.

200 Old Forge Lane, Suite 201

Kennett Square, PA 19348

610.388.6600 tel | 610.388.6605 fax

ADVANCE WITH CONFIDENCE

We are Waters Retail Group, a leading Mid-Atlantic real estate

services firm offering customized landlord representation,

tenant representation, development, brokerage services, and construction management solutions that empower our clients to advance.

Our seasoned team of expert development professionals, former

supermarket executives, skilled leasing agents, property and

construction managers, and financing and equity partners has

over 115 years of combined experience. We take a hands-on

approach, treating every property as if it were our own. As a result,

we turn our clients’ toughest retail challenges into success stories.

With a historical occupancy rate of over

with staying power.

WATERS RETAIL GROUP AT A GLANCE

Inception: 1985

Headquarters: Kennett Square, PA

Portfolio: 2.8 million square feet in 3 states

Retail Sales: $800 million annually

Properties Leased & Managed: 25

Financing: $750 million in construction, permanent, and

refinancing loans closed

Tenants Served: 385 national, regional, and local tenants

Centers Developed: 29 (3.6 million square feet)

BENEFITS WITH YOUR INVESTMENT

More than 115 years of combined experience in commercial

real estate

In-depth market knowledge and competitive insight for sound

decision making

Targeted marketing campaigns that result in the right tenant mix

Quality lease negotiations that protect your investment

Long-term tenant and broker relationships

SERVICES THAT ENHANCE AND ADVANCE

No two properties are alike. That’s exactly why Waters Retail

your assets. We use an integrated strategy that starts with local

consumer shopping trends and market insight. We assess curb

appeal, tenant mix, tenant placement, and cultivate relationships

with municipalities. Finally, the Waters Retail Group team looks at

lowering vendor care costs to increase cash flow.

To date, we have successfully leased and managed more than

4,000,000 square feet of retail space spanning from Pennsylvania

to Virginia. Centers under our attention contain more than 385

national, regional and local tenants, and achieve more than

$800,000,000 in annual retail sales.

LANDLORD REPRESENTA TION | TENANT REPRESENT ATION | DEVELOPMENT | CONSTRUCTION MANAGEMENT | BROKE RAGE SERVICES

Group offers a full suite of services to maximize the value of

98%, Waters Retail Group �nds tenants