1492-1085 confidential memo

Confidential Memorandum

As of

August 30, 2014

Prepared by:

ANA Commercial Real Estate Tri-State, LLC Broker Of Record: Irene Radziewicz

404 Executive Drive • Langhorne • PA 19047

Tel 888.339.8462

[email protected] www.neumannassociates.com

© ANA Commercial Real Estate Tri-State, LLC 404 Executive Drive • Langhorne • PA 19047

Tel 888.339.8462 • www.neumannassociates.com

TABLE OF CONTENTS

! Notification

! Executive Summary

! Real Estate Overview

o Property Description

" Facility Outline

" Property size, location

" Equipment and Furnishings included

" Photos of location & property

o Target Markets & Customer

o Regional Demographic Information

o Strength & Weakness of Location



NOTIFICATION

The purpose of this Confidential Memorandum is to acquaint a prospective buyer with preliminary information regarding a real estate client of ANA Commercial Real Estate Tri-State, LLC (“ANA”) or one of ANA’s cooperative brokers. ANA, its employees, agents, brokers, financial recasting consultants, and affiliate brokers have made no investigation or verification of the information contained herein and any representation to the contrary is not authorized. Verification of the presented information is solely subject to Buyer’s due diligence review of books and records.

The financial records (if so applicable), equipment list, and operating reports and real estate description received from the owner or management and included in this package are assumed to be accurate. While reasonable tests are applied and unusual results queried, the prospective purchaser should verify accuracy of is information. Unless stated otherwise, the financial summaries prepared by ANA reflect only regrouping of those prepared by management. By accepting this Confidential Memorandum, the recipient acknowledges the responsibility to perform a due diligence review and make its own evaluation and judgment prior to any acquisitions of the Client property. Unless stated otherwise, the underlying real estate assets have not been appraised. If a value is included on the asset list, that value is the presumed fair market value of an equivalent asset. Additionally, the list was prepared at a point in time. The ordinary course of business will cause items to be added and disposed of, so any enclosed list of assets should be viewed as an approximation of the total assets of the business. Inventory is assumed to be at cost. Management’s estimate of value is accepted unless reasons exist to use another value, which will be noted. Real estate values, building leases, rental agreements, equipment leases and other commitments of the company are management’s estimate and are assumed to be at market rates unless otherwise noted.

This document is the property of and copyrighted by ANA and represents general information about commercial real estate that ANA represents for sale. This document is not to be copied or distributed, nor its contents in any way divulged to anyone, as it may contain confidential information. While it is normal for you to seek professional advice concerning this opportunity, you should advise them of their obligation to non-disclosure and to hold this and all other information concerning this opportunity as confidential. If you receive this as a potential financing source, you are obligated to keep the information herein as confidential as possible and are to use it only for making a lending decision. The bearer of this presentation is responsible for its confidentiality.

DO NOT CONTACT THE OTHER PARTY WITHOUT PROPER AUTHORIZATION. All contacts, whether by fax, telephone, writing, email or otherwise, require prior approval of ANA.



Real Estate Overview

Facility Outline Building is a large retail structure, formerly a high-end furniture store. There is only one large structure, but there is a possibility of multi tenants under one roof. The square footage is approximately 13,500. It was designed for showrooms on multi-levels. The reinforced concrete floors are rated to support very heavy loads. The location itself is zoned “light industrial” so a manufacturing company with an onsite retail store would work extremely well. Public water and sewer are presently at the site along with 3 phase, 400 Amp electric service. Address:

2624 Bethlehem Pike, Hatfield, PA 19440 Asking Price $695,000 Current Owner: Jorgen and Barbara Henriksen.



Property Size & Location

Total lot size is 27,373 square feet (0.63 acres). The lot has 131.00 feet of frontage on Bethlehem Pike (Route 309). The highway at that location has four lanes but is not divided. North of this location on Route 309, the highway becomes a limited access expressway. The property is located in Hatfield Township, Montgomery County, Pennsylvania. Hatfield is a suburb of Philadelphia. Route 309 is a heavily traveled road averaging over 45,000 cars per day at this location. The road is a major artery through Bucks and Montgomery Counties leading to Philadelphia. A recently opened WAWA convenience store and gas station is nearby and there are two car dealers across the street, (Car-Sense and a Toyota Dealer). The parking lot is presently setup for 19 cars, but there is an auxiliary lot adjoining the property that could hold 50 cars that could be available.



Equipment / FFE Included

All existing office furniture still in the building will remain at the buyer’s request. There is extensive track lighting throughout the building to highlight the furniture displays, and that will remain. One exterior illuminated sign, two loading docks, one above ground oil tank, and all other permanent fixtures to the building will remain.



Photos Of Location & Property



Target Markets & Potential Uses Potential business that could benefit from this building: Home improvement companies: Lumber Liquidators, (National Company) Electrical Supply Companies, Plumbing Supply companies, (Local Companies) Retail outlets: Sleepy’s Mattresses, Urban Outfitters, Burlington Coat Factory, Staples office supply. Any company that likes a free standing unit and needs heavy exposure. Food Outlets: Starbucks, Dunkin Donuts, Taco Bell, Burger King, McDonald’s, Panero Bread, Wendy’s, Chick-Fila. Small Manufacturing Companies: Any Micro Brewery—Dogfish in DE, Free Will Brewing Company, Perkasie, PA, Round Guys Brewery, Lansdale, PA to name a few. Any small craft company—T shirts companies, small toy manufacturer, etc. Full Service Restaurants: Any local full service restaurant. Any National Companies—Applebees, Texas Longhorn, Outback Steak House, Red Lobster. Medical Facility An Urgent Care location, Specialized medical services, Dental Care location



Regional Demographic Information

MapStats

Montgomery County, Pennsylvania

People MapStatsMontgomery

County PennsylvaniaPopulation, 2008 estimate 778,048 12,448,279

Population estimates base (April 1) 2000 748,987 12,281,052

Population, percent change, April 1, 2000 to July 1, 2008 3.9% 1.4%

Population, change, April 1, 2000 to July 1, 2008 29,061 167,227

Persons under 5 years old, 2007 47,119 730,061

Persons under 5 years old, percent, 2007 6.1% 5.9%

Persons under 18 years old, 2007 180,296 2,786,719

Persons under 18 years old, percent, 2007 23.2% 22.4%

Persons 65 years old and over, percent, 2007 14.7% 15.2%

Persons 65 years old and over, 2007 114,326 1,889,660

Female persons, percent, 2007 51.3% 51.3%

White persons, 2007 (a) 658,087 10,639,922

Black persons, 2007 (a) 66,530 1,338,477

American Indian and Alaska Native persons, 2007 (a) 1,471 24,813

Asian persons, 2007 (a) 40,698 299,510

Native Hawaiian and Other Pacific Islander, 2007 (a) 340 5,755

Persons reporting two or more races, 2007 9,046 124,315

Persons of Hispanic or Latino origin, 2007 (b) 24,001 556,132

White persons not Hispanic, 2007 637,093 10,168,238

White persons, percent, 2007 (a) 84.8% 85.6%

Black persons, percent, 2007 (a) 8.6% 10.8%

American Indian and Alaska Native persons, percent,2007 (a) 0.2% 0.2%

Asian persons, percent, 2007 (a) 5.2% 2.4%

Native Hawaiian and Other Pacific Islander, percent,2007 (a) Z Z

Persons reporting two or more races, percent, 2007 1.2% 1.0%

Persons of Hispanic or Latino origin, percent, 2007 (b) 3.1% 4.5%

White persons not Hispanic, percent, 2007 82.1% 81.8%

Births, 2005 9,391 145,383

Deaths, 2005 7,148 129,532

Infant deaths, 2005 62 977

Living in same house in 1995 and 2000, pct 5 yrs old &over 61.2% 63.5%

Foreign born persons, percent, 2000 7.0% 4.1%

Language other than English spoken at home, pct age5+, 2000 9.6% 8.4%

High school graduates, percent of persons age 25+,2000 88.5% 81.9%

Bachelor's degree or higher, pct of persons age 25+,2000 38.7% 22.4%

Persons with a disability, age 5+, 2000 94,681 2,111,771

Mean travel time to work (minutes), workers age 16+,2000 26.5 25.2

Montgomery County MapStats from FedStats http://www.fedstats.gov/qf/states/42/42091.html

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Photos

© A Neumann & Associates, LLC Postal Box 500 • Atlantic Highlands • New Jersey 07716-0500

Tel. (732) 872-6777 • www.neumannassociates.com

1492-1085 confidential memo

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