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VALUE-AD RETAIL INVESTMENT OFFERING MEMORANDUM 821 Newark Rd | Toughkenamon, PA 19374

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Page 1: VALUE-AD RETAIL INVESTMENT

VALUE-AD RETAIL INVESTMENT

OFFERING MEMORANDUM

821 Newark Rd | Toughkenamon, PA 19374

Page 2: VALUE-AD RETAIL INVESTMENT

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: VALUE-ADD RETAIL INVESTMENT 2

Page 3: VALUE-AD RETAIL INVESTMENT

3OFFERING MEMORANDUM: VALUE-ADD RETAIL INVESTMENT

TABLE OF CONTENTS

Executive Summary 4

Property Overview Photo 5

Retail Market Aerial 6

Site Plan 7

Pad Renderings 8

Demographics & Traffic 9

Tenant Profile 10

Market Overview 11

821 Newark Rd | Toughkenamon, PA 19374

Page 4: VALUE-AD RETAIL INVESTMENT

EXECUT IVE SUMMARY

4OM | 821 Newark Rd, Toughkenamon, PA 19374

• Excellent value-add retail investment opportunity• Located along busy Rt. 41 at a signalized intersection.• 15 year primary term (In year 2 currently)• 5% increases every 5 years

• 2 Approved buildings on the pads, one with a drive thru• Graded, stubbed utilities• Price: $6,000,000 ($4,800,000 for Tractor Supply / $1,200,000 for Pads)

Address 821 Newark Road, Toughkenamon, PA 19374

Lot Size ± 6.81 Acres

Cap Rate 6.0%

Price $6,000,000 - $4,800,000 for Tractor Supply - $1,200,000 For Pad Sites

Page 5: VALUE-AD RETAIL INVESTMENT

PROPERTY OVERVIEW

5OM | 821 Newark Rd, Toughkenamon, PA 19374

SITEGAP NEWPORT PIKE ± 20,000 VPD

NEWARK ROAD ± 7,663 VPD

41

n

2.01

ACR

E PA

D

UP T

O 9,

100

SF

BUIL

DING

DRIV

E-TH

RU

PAD

N

Page 6: VALUE-AD RETAIL INVESTMENT

RETAIL MARKET AERIAL

6OM | 821 Newark Rd, Toughkenamon, PA 19374

SITEGAP NEWPORT PIKE ± 20,000 VPD

NEWARK ROAD ± 7,663 VPD

41

n

2.01

ACR

E PA

D

UP T

O 9,

100

SF

BUIL

DING

DRIV

E-TH

RU

PAD

N

New GardenElementary

Page 7: VALUE-AD RETAIL INVESTMENT

NEWARK ROAD

PYLON SIGNMulti-Tenant Sign

2.01 ACRE PADUP TO 9,100 SF

BUILDINGDRIVE-THRU PAD

Multi-Tenant Sign

OUTDOORDISPLAY AREA

PERMANANT TRAILERAND EQUIPMENT DISPLAY AREA

Opening Fall 2018

LOADING

PYLON SIGN

OUTDOORDISPLAY AREA

PROPOSED RETAIL BUILDING7,000 - 10,000 SF

PERMANANT TRAILERAND EQUIPMENT DISPLAY AREA

Multi-Tenant Sign

OpeningFall 2018

PAD OPTION

INLINE MULT-TENANT RETAIL OPTION

SITE PLAN

7OM | 821 Newark Rd, Toughkenamon, PA 19374

Page 8: VALUE-AD RETAIL INVESTMENT

PAD RENDERINGS

8OM | 821 Newark Rd, Toughkenamon, PA 19374

Page 9: VALUE-AD RETAIL INVESTMENT

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

9

REGIONAL MAP

SITE

N

N

LOCAL MAP

SITE

NGap Newport Pike: ±20,000 VPD

OM | 821 Newark Rd, Toughkenamon, PA 19374

Newark Road: ±7,663 VPD

Page 10: VALUE-AD RETAIL INVESTMENT

TENANT PROF ILE

10OM | 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

Page 11: VALUE-AD RETAIL INVESTMENT

MARKET OVERVIEW

11OM | 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

Page 12: VALUE-AD RETAIL INVESTMENT

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