WOODLYN PLAZA - LoopNet · verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. Marcus

1936 Macdade Blvd - Woodlyn, PAWOODLYN PLAZA

OFFERING MEMORANDUM

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TABLE OF CONTENTSSection 1: Property AnalysisProperty Overview......................................................6Rent Roll....................................................................72019 Rent.................................................................8Expense Reimbursement Revenue.................................9Income & Expenses...................................................10Investment Highlights................................................11Investment Overview.................................................12Site Plan..................................................................13

Section 2: Market OverviewLocal Competition....................................................15Regional Map.........................................................16Aerial Map.............................................................17Widener Proximity Map...........................................18Section 3: Tenant OverviewGrocery Outlet.........................................................20Family Dollar............................................................21Woodlyn Academy...................................................22Misc. Tenant Descriptions..........................................23Section 4: Location OverviewLocation Overview...............................................26-28Demographic Summary............................................29

OFFERED EXCLUSIVELY BY

Marcus & Millichap2005 Market Street #1510

Philadelphia, PA 19103

P: 215.531.7000

www.marcusmillichap.com

Broker of Record: Anthony PalumboLicense: PA RM423958

NON-ENDORSEMENT AND DISCLAIMER NOTICENON-ENDORSEMENTSMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this

marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or

endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of

Marcus & Millichap, and is solely included for the purpose of providing tenant lessee

information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

DISCLAIMERThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by

the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of

Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and

to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough

due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to

the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of

the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and

Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or

any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has

been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information

contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation

whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to

verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.

Marcus & Millichap Real Estate Investment Services of Seattle, Inc. License: RB062197C

Derrick DoughertyFirst Vice President

Philadelphia, PACell: 610.329.5886

Office: 215.531.7026Email: [email protected]

License: PA RS305854

Mark KrantzNational Retail Group



License: PA RS336064 | NJ 1537786

Steve GarthwaiteNational Retail Group

Philadelphia, PALicense: PA RS332182

Scott WoodardNational Retail Group



License: PA RS329242

WINE & SPIRITS

M

MacDade Boulevard (26K+ VPD)

(6,400 Total Enrolled)

BESTAUTO TAGSERVICE

CEDAR Beauty Supply

MacDad

e Bou

levar

d (26

K+ VPD)

Delaware County Housing Authority

Delaware County Housing Development

I-476 (84K+ VPD)

PROPERTY ANALYSIS

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PRICE CAP RATE

8.00%$11,159,474NET OPERATING INCOME

$892,758

PROPERTY OVERVIEW

Address 1936 MacDade Blvd, Woodlyn, PA

Gross Leasable Area 105,758 SF

Occupancy 78.08%

Year Built/Renovated 1968/2005

Lot Size 12.64 Acres

Parking ±700 Spaces

DEMOGRAPHICS 1 MILE 3 MILES 5 MILES

Population 22,181 109,513 238,778

Households 8,128 42,003 92,665

Household Income $59,777 $78,337 $81,695

Traffic Counts (MacDade Blvd) 26,698 VPD

PROPERTY OVERVIEW:

PRICE PER SF

$106

MAJOR TENANTS GLA LEASE EXP LEASE TYPE

Grocery Outlet 16,950 Dec-23 NNN

Woodlyn Academy 13,253 Aug-28 NNN + 20% Admin Fee

Family Dollar 8,900 June-23 NNN + 15% Admin Fee

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TENANT UNIT NRSF GLA % LSD LXDBASE RENT NEAR TERM RENT STEPS EXTENSION OPTIONS

RECOVERIESANNUAL RENT/SF DATE ANNUAL RENT/SF OPTIONS DATE RENT/SF

F&B Variety 1 1,200 1.13% Feb-92 Oct-20 $23,636 $19.70 Nov-19 $24,348 $20.29 NNN+ 15% Admin Fee

Cheese's Hair Studio 2 1,210 1.14% Jun-12 Mar-19 $25,200 $20.83 1(3yr) option Apr-19 $21.82 Gross

WOW Woodlyn Nails 3 1,980 1.87% Oct-00 Dec-22 $48,000 $24.24

Jan-19

Jan-20

Jan-21

Jan-22

$49,440

$50,925

$52,450

$54.034

$24.97

$25.72

$26.49

$27.29

1(5yr) option Jan-23 $28.10 NNN+ 15% Admin Fee

Cricket 4 2,585 2.44% Apr-08 Dec-19 $40,518 $15.67 2(5yr) optionJan-20

Jan-25

$15.40

$17.00NNN+ 15% Admin Fee

Wing Hut 5A 815 0.77% Sep-16 Aug-21 $25,461 $31.24 Sept-19

Sept-20

$26,227

$27,009

$32.18


Fresh Start Nutrition 5B 1,000 0.95% Feb-14 Aug-19 $24,000 $24.00 NNN

Hibachi Grill 9,10,11 11,280 10.67% Sept-11 Jun-22 $157,300 $13.95 Jun-21 $173,030 $15.34 2(5yr) optionJul-22

Jul-27

$15.34

$16.87NNN

Grocery Outlet 12&13 16,950 16.03% Jan-08 Dec-23 $144,075 $8.50 Jan-19 $120,000 $7.08 1(5yr) option Jan-24 $10.00 NNN

Value Hair Beauty 14 8,250 7.80% Apr-17 Mar-22 $70,125 $8.50

Apr-19

Apr-20

Apr-21

$74,250

$78,375

$82,500

$9.00

$9.50

$10.00

2(5yr) optionApr-22

Apr-27

$10.30


Jackson Hewitt (Max Tax) 15 1,475 1.39% Nov-99 Jul-21 $21,939 $14.87 Aug-19

Aug-20

$22,597

$23,275

$15.32


Little Caesar's 17B&18 2,800 2.65% May-13 Aug-23 $38,192 $13.64 Sept-20

Sept-21

$39,340

$40,516

$14.05

$14.471(5yr) option Sept-23 $15.35 NNN

Woodlyn Cleaners 19 3,600 3.40% Oct-97 Oct-20 $51,600 $14.33 Nov-19 $52,800 $14.67 1(3yr) option Nov-20 $14.67 NNN+ 15% Admin Fee

Woodlyn Academy* 20,21,22 13,253 12.53% Dec-18 Nov-28 $167,803 $12.66 3% Annual NNN+ 20% Admin Fee

Direct Buy Furniture 23 4,200 3.97% Aug-13 Dec-22 $44,556 $10.61

Jan-19

Jan-20

Jan-21

Jan-22

45,892.68

$47,269.44

$48,687.48

$50,148.12

$10.92

$11.25

$11.59

$11.94

NNN+ 20% Admin Fee

Family Dollar 24 8,900 8.42% Jul-08 Jun-23 $118,459 $13.31 1(5yr) option

1(4.5yr) option

Jul-23

Jul-28

$14.64


Seafood Hut & Market** 25 3,080 2.91% Sept-18 Aug-28 $24,000 $7.79 Mar-19

Sept-19

$30,000

$35,974

$9.74

$11.68NNN + 20% Admin Fee

Total Leased Space 82,578 78.08% 2018 Rent $1,024,864

RENT ROLL:

*Woodlyn Academy space 20 has 3% annual rental increases throughout their lease starting December 2019. Space 20 expiration date in January 2029

*Woodlyn Academy space 21 has 3% annual rental increases throughout their lease starting December 2019

*Woodlyn Academy space 22 has 3% annual rental increases throughout their lease starting February 2019

**Seafood Hut has 3% annual rental increases throughout their lease starting 09/01/2019

Total GLA 105,758

Total Occupied (GLA%) 78.08%

Total Vacant (GLA%) 21.92%

Total NNN (Occ. GLA%) 98.53%

Available Space

Available 6&7 3,906 3.69%

Available 8 4,019 3.80%

Available 16 9,175 8.68%

Available 17A 2,000 1.89%

Available Basement 4,080 3.86%

23,180 21.92%

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2019 RENT:RECENT TENANT RENEWALS DATE TERM

F&B Variety 2015 5 Years

Cheese's Hair Studio 2017 2 Years

WOW Woodlyn Nails 2018 5 Years

Cricket 2014 5 Years

Grocery Outlet 2018 5 Years

Jackson Hewitt (Max Tax) 2018 3 Years

Little Caesar's 2018 5 Years

Woodlyn Cleaners 2017 3 Years

Direct Buy Furniture 2018 5 Years

Family Dollar 2013 5 Years

TENANT EXPANSIONS DATE TERM

Woodlyn Academy 2018 3,463 SF (Additional Space)

Woodlyn Academy 2019 1,740 SF (Additional Space)

1) Scheduled Base Rent was determined based on contractual amounts, which include specified rent steps, per each tenant’s respective lease over the period from May 1, 2019 to April 30, 2020.2) Assumes tenant will exercise its renewal option.3) Assumes tenant will renew its lease at the current rent amount.

TENANT SCHEDULED BASE RENT1

F&B Variety $24,037

Cheese's Hair Studio2 $26,402

WOW Woodlyn Nails $49,935

Cricket 2 $40,281

Wing Hut $25,971

Fresh Start Nutrition3 $24,000

Hibachi Grill $157,300

Grocery Outlet $120,000

Value Hair Beauty $74,593

Jackson Hewitt (Max Tax) $22,432

Little Caesar's $38,192

Woodlyn Cleaners $52,200

Woodlyn Academy $105,067



Direct Buy Furniture $46,351

Family Dollar $118,459

Seafood Hut & Market $33,982

Total $1,024,336

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TENANT NRSF NATURAL GLA % LEASE TYPE TAXES INSURANCE CAM MGMT FEE

RECOVERY ADMIN FEE TOTAL

REIMBURSEMENT REVENUE

PSF

F&B Variety 1,200 1.13% NNN + 15% Admin Fee $1,898 $525 $1,247 $434 $252 $4,357 $3.63

Cheese's Hair Studio 1,210 1.14% Gross

WOW Woodlyn Nails 1,980 1.87% NNN + 15% Admin Fee $3,131 $866 $2,058 $716 $416 $7,188 $3.63

Cricket 2,585 2.44% NNN + 15% Admin Fee $4,088 $1,131 $2,687 $935 $543 $9,385 $3.63

Wing Hut 815 0.77% NNN + 20% Admin Fee $1,289 $356 $847 $295 $228 $3,016 $3.70

Fresh Start Nutrition 1,000 0.95% NNN $1,582 $437 $1,039 $362 $3,420 $3.42

Hibachi Grill 11,280 10.67% NNN $17,839 $4,934 $11,725 $4,082 $38,580 $3.42

Grocery Outlet 16,950 16.03% NNN $26,807 $7,414 $17,619 $6,133 $57,973 $3.42

Value Hair Beauty 8,250 7.80% NNN + 20% Admin Fee $13,047 $3,608 $8,576 $2,985 $2,312 $30,529 $3.70

Jackson Hewitt 1,475 1.39% NNN + 15% Admin Fee $2,333 $645 $1,533 $534 $310 $5,355 $3.63

Little Caesar's 2,800 2.65% NNN $4,428 $1,225 $2,911 $1,013 $9,577 $3.42

Woodlyn Cleaners 3,600 3.40% NNN + 15% Admin Fee $5,693 $1,575 $3,742 $1,303 $757 $13,070 $3.63

Woodlyn Academy 13,253 12.53% NNN + 20% Admin Fee $20,960 $5,797 $13,776 $4,796 $3,714 $49,043 $3.70

Direct Buy Furniture 4,200 3.97% NNN + 20% Admin Fee $6,642 $1,837 $4,366 $1,520 $1,177 $15,542 $3.70

Family Dollar 8,900 8.42% NNN + 15 %Admin Fee $14,075 $3,893 $9,251 $3,221 $1,871 $32,311 $3.63

Seafood Hut & Market 3,080 2.91% NNN + 20% Admin Fee $4,871 $1,347 $3,202 $1,115 $863 $11,398 $3.70

Total Occupied 82,578 78.08% $128,684 $35,589 $84,581 $29,443 $12,445 $290,742

EXPENSE REIMBURSEMENT REVENUE:

1) Based on 2017 actual financials inflated by 2%

2) Management Fee assumed to be 3% of the effective gross revenue (See Income & Expenses)Expense Breakdown1

Real Estate Taxes $167,257

Insurance $46,257

CAM Total $109,934

Management Fee2 $38,269

*All calculations are done in accordance with each respective lease and are based on projected operating expenses shown below.

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INCOME & EXPENSES:INCOME

Scheduled Base Rental Revenue1 $1,024,336

Total Expense Reimbursement Revenue2 (See Breakdown) $290,742

Allowance For Vacancy3 $(39,452)

EFFECTIVE GROSS REVENUE $1,275,626

OPERATING EXPENSES4

Real Estate Taxes $167,257

Insurance $46,257

CAM

Cleaning and Maintenance $26,633

Plumbing $2,438

Repairs $12,240

Inspections $2,290

Snow Removal $25,278

Landscaping $4,004

Roof Repair $3,473

Pest Control $1,703

Electricity $8,639

Water $18,540

Trash $4,698

CAM Total $109,934

Management Fee5 $38,269

Total Operating Expenses $(361,717)

Capital Reserves6 $(21,152)

NET OPERATING INCOME $892,758

Notes:1-Contractual rent beginning May 1, 2019 to April 30, 2020. No lease up projected2-Contractual recoveries of operating expenses and administrative fees per the leases3-Assumed vacancy is 3% of EGR4-Operating Expenses are based on 2017 actual financials inflated at 2%5-Managegment fee assumed to be 3% of EGR6-Capital reserves assumed to be $.20/SF

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ESTABLISHED GROCERY-ANCHORED SHOPPING CENTER• Woodlyn Plaza Is A 105,758-Square-Foot Shopping Center Anchored By Grocery Outlet Supermarket (280+ Locations)

INTERNET-RESISTANT TENANCY• Center Is Occupied By Serviced Based Tenant Roster That Allows It To Be E-Commerce Resistant

LIGHT VALUE ADD OPPORTUNITY• 78.08 Percent Occupied Neighborhood Shopping Center With Upside From Lease Up Of Vacant Space• 76.94 Percent Of Total GLA Operates Under Triple Net Leases

LARGE PARCEL WITH AMPLE PARKING• The Site Sits On A 12.64 Acre Parcel With ±700 Parking Spaces

REGIONAL ACCESS: HIGHLY VISIBLE & EASILY ACCESSIBLE LOCATION• Positioned At The On/Off Ramp At Interstate 476(Blue Route) & Interstate 95• Located On MacDade Boulevard With Traffic Counts Exceeding 26,000 Vehicles-Per-Day

STRONG LOCAL ECONOMIC DRIVERS• Education: Close Proximity To Widener University (6,400 Students) And Ridley High School• Medical: Close Proximity To Crozer – Chester Medical Center• Employment: Close Proximity To BOEING Main Rotorcraft Factory With Over 1,000 Employees

PROXIMITY TO METROPOLITAN CITIES• Less Than 17 Miles From Philadelphia• Less Than 90 Miles From Baltimore• Less Than 110 Miles From New York

INVESTMENT HIGHLIGHTS:

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The Property is strategically located at a signalized intersection with frontage on MacDade Boulevard which has a traffic count of approximately 26,700 cars per day. Woodlyn Plaza neighbors Widener University, a top Philadelphia area university with over 6,400 students, and Ridley High School in Ridley Township which is less than fourteen miles from Philadelphia. Boeing Rotorcraft Systems and Crozer- Keystone Health Systems are notable economic drivers within close proximity to the Property. Ridley Township provides access to Interstate 95 and Interstate 476 (Blue Route).

INVESTMENT OVERVIEW:

Marcus & Millichap is pleased to present exclusively for sale, Woodlyn Plaza, a 105,758-square-foot grocery-anchored shopping center in Woodlyn, PA (the “Property”). The center is currently 78.08 percent occupied, presenting the opportunity for potential investors to acquire a stabilized shopping center with a light value add component of leasing the remaining available space. The asset is being offered at a 8.00 percent cap rate on projected NOI resulting in a purchase price of $11.16M.

Woodlyn Plaza is situated on 12.64 acres and has ample parking (±700 parking spaces) and sixteen tenants. The center is anchored by a 16,950 square foot Grocery Outlet. Grocery Outlet has been at the site for over 10 years and serves as the community’s primary grocery store. Grocery Outlet is complimented by fifteen national and regional tenants where 98.53% of the occupied GLA reimburse ownership for taxes, insurance, common area maintenance. The Property currently has five available spaces totaling 23,180 square feet. This is a tremendous opportunity for a hands-on investor to lease up the space in a growing submarket.

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SITE PLAN:

24

25

12

3

4

5A5B

6/7

89,10,11

12-1314 15

16

17A

17B /1819

23

20

Available3,906 SF

Available

4,019 SF

Available9,175 SF

Available2,000 SF

Available4,080 SF

21-22

21-22

SUITE TENANT SQUARE FOOTAGE

1 F&B Variety 1,200

2 Cheese's Hair Studio 1,210

3 WOW Woodlyn Nails 1,980

4 Cricket 2,585

5A Wing Hut 815

5B Fresh Start Nutrition 1,000

6&7 Available 3,906

8 Available 4,019

9,10,11 Hibachi Grill 11,280

12&13 Grocery Outlet 16,950

14 Value Hair Beauty 8,250

15 Jackson Hewitt (Max Tax) 1,475

16 Available 9,175

17A Available 2,000

17B&18 Little Caesar's 2,800

19 Woodlyn Cleaners 3,600

20,21,22 Woodlyn Academy * 13,253

23 Direct Buy Furniture 4,200

24 Family Dollar 8,900

25 Seafood Hut & Market** 3,080

Basement Available 4,080

2524

Basement

MARKET OVERVIEW

3 MILE R

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LOCAL SUPERMARKET COMPETITION:

Subject Property

1 MILE R

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2 MILE R

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3 MILE R

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REGIONAL MAP:

WOODLYN, PA 1 MILE 3 MILES 5 MILES

Population 22,181 109,513 238,778

Households 8,128 42,003 92,665

Household Income $59,777 $78,337 $81,695

Traffic Counts (MacDade Blvd) 26,698 VPD

B

altimore

110 Miles to New York

P

hi

ladelphia

N

ew York

17 Miles to Philadelphia

90 Miles to Baltimore

A

llentown

65 Miles to Allentown

Subject Property

17 Miles to PhiladelphiaTOTAL POPULATION 1.58M (2017)

26,698 VPDIN CLOSE PROXIMITY TO TWO MAJOR ROADS

Widner UniversityLESS THAN ONE MILE AWAY | 6,400 ENROLLED

Subject Property

WINE & SPIRITSM

M

Crozer-ChesterMedical Center

Ridley High School(2,600 Total Enrolled)

MacDade Boulevard

MacDade Boulevard

I-95

I-95

I-95

Blue

Rou

te (4

76)

Providence Ave


110 Acre Main Campus in the Metropolitan Philadelphia Area

Wall Street Journal ranks Widener a Top 10 Philadelphia-area school.

Teachers, researchers, and students from 48 states and 37 countries

Programs in nursing, engineering, social work, and arts & sciences.


TENANT OVERVIEWS

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TENANT DESCRIPTION:

REPRESENTATIVE PHOTO

Grocery Outlet is a supermarket company that offers

discount, overstocked and closeout products from name

brand and private label suppliers. James Read founded

the company on June 11, 1946, in San Francisco,

California. The third generation of the Read family is now running the business,

with 280+ independently operated stores in California, Idaho, Nevada, Oregon,

Pennsylvania, and Washington. Grocery Outlet stores are located in cities large

and small, and serve a variety of neighborhoods.

The majority of Grocery Outlet stores are independently operated by locally

based individuals. Each store has flexibility in its product offerings to serve

local tastes and demand. In 2014, private equity fund Hellman & Friedman

LLC agreed to partner with senior management and acquire Grocery Outlet from

principal owner Berkshire, Partners LLC.

Lease Commencement: 1/1/2008

Lease Expiration: 12/31/2023

Gross Leasable Area: 16,950 SF

Original Term: 15 Years

Option Term: One, 5 Year Option

Headquartered: Emeryville, CA

No. of Locations : 280 +/-

Website: www.groceryoutlet.com

Term Remaining: 5 Years

Taxes: Tenant pays pro rata share of Taxes

Insurance: Tenant pays pro rata share of Insurance

CAM: Tenant shall pay pro rata share of Common Area Maintenance including the cost of capital improvements designed to protect the health and safety of the tenants in

the leased premises and the shopping center.

Utilities: All Utilities are in Tenant’s name and paid directly

HVAC: Tenant, at its sole cost, shall maintain the HVAC Unit for the leased premises

CAM Cap: 5% CAM cap annually excluding snow and ice removal, utilities and insurance.

Estoppel Certificate: No later than 10 days after such request

Guarantor: Grocery Outlet Inc

Kickout Grocery Outlet has the option to terminate with 6 month notice effective 01/01/2021

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TENANT DESCRIPTION:Grocery Outlet, founded in 1946 by Jim Read, is still family-owned and operated and is the largest

extreme-value grocery retailer in the United States. The company engages in remarketing excess

inventories. Its stores offer groceries, frozen foods, deli and refrigerated products, organics and produce,

fresh meat, general merchandise, over-the-counter drugs, seasonal products, housewares, toys, gifts,

health and beauty, and beer and wine. All products sold by Grocery Outlet are purchased directly from

manufacturers, not other retail stores.

Traditionally, Grocery Outlet stores are independently operated by locally-based families and are found in both large and small cities.

The third generation of the Read family is now running the business, with more than 280 independently-operated stores in California,

Idaho, Nevada, Oregon, Pennsylvania and Washington. It also has perishables warehouses in Modesto, California and Spokane,

Washington. Today the company is headquartered in Emeryville, California.

Since its founding, Grocery Outlet Inc has continued an impressive growth rate with sales reaching $500 million in 2001 and $1

billion in 2011. Berkshire Partners sold it’s ownership interest after a productive five year relationship to Hellman & Friedman. During

its 25-year investing history, the PE firm has raised over $25 billion of committed capital and has invested in over 75 companies.

Hellman & Friedman LLC was founded in 1984 and is based in San Francisco, California with offices in New York, New York and

London, United Kingdom. It is operated by a team of over 45 investment professionals including 18 managing directors with an

average tenure with the firm of over ten years.

280+ Locations Across The Nation

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Representative Photo






Option Term: One, 5 Year Option

One, 4.5 Year Option

Headquartered: Charlotte, NC

No. of Locations : 8,000 +/-

Website: www.familydollar.com


TENANT DESCRIPTION:

Dollar Tree, Inc., incorporated on February 22, 2008, is

an operator of discount variety stores. As of January 28,

2017, the Company operated 14,334 stores in 48 states

and the District of Columbia, and five Canadian provinces.

The Company’s segments include Dollar Tree and Family Dollar. The Dollar Tree

segment is the operator of discount variety stores offering merchandise at a

fixed price. The Family Dollar segment operates a chain of general merchandise

retail discount stores providing consumers with a selection of merchandise in

neighborhood stores. The Company’s stores operate under the names of Dollar

Tree, Family Dollar and Dollar Tree Canada.

Taxes: Tenant will pay their pro rata share of real estate taxes for the shopping center

Insurance: Tenant will pay their pro rata share of insurance to the landlord

CAM: Tenant will be responsible for their pro rata share of CAM plus an Admin Fee of 15%

Utilities: Tenant pays their pro rata share of utilities to the landlord

HVAC: Tenant is responsible for the maintenance and replacement of HVAC system

Exclusive: Discount Stores

Estoppel Certificate: 30 Days after written request

Guarantor: Family Dollar Stores Inc.

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TENANT DESCRIPTION:


Woodlyn Academy provides a safe and caring academic

environment for Infants, Toddlers, Preschoolers and

School Age Children. The foundation of Woodlyn

Academy’s program is built on a partnership between

families and the school, where learning and development occur naturally.

Woodlyn Academy provides care for infants ages 6 weeks through 16 months.

Woodlyn Academy’s toddler program teaches children ages 17 months

through 24 months opportunities for exploration and independence. The

preschool program at Woodlyn Academy offers beginning scholars, age three

through Kindergarten, a high quality education in a supporting and nurturing

environment, abundant in opportunities.





Option Term: None

Headquartered: Woodlyn, PA

No. of Locations : 1

Website: www.woodlynacademy.com


Taxes: Tenant will pay their pro rata share of real estate taxes for the shopping center

Insurance: Tenant will pay their pro rata share of insurance to the landlord

CAM: Tenant will be responsible for their pro rata share of CAM plus an Admin Fee of 20%

Utilities: Tenant pays utilities directly

Estoppel Certificate: 10 days after request of the landlord

Guarantor: Personal

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TENANT LOGO TENANT DESCRIPTION TENANT WEBSITE LOCATIONS

2

Cheese’s Hair Studio is a full-service hair salon that offers quality men’s and women’s haircuts, hair styling, and color services.

facebook.com/pages/Cheeses-Hair-Studio Woodlyn, PA

3

WOW Woodlyn Nails is a full-service nail salon that offers quality manicures and pedicures as well as various beauty products.

facebook.com/pages/Wow-Woodlyn-Nails Woodlyn, PA

4

Cricket Wireless LLC is a prepaid wireless service provider in the United States and a wholly owned subsidiary of AT&T Inc.

cricketwireless.com 4,300 +/-

5A

Wing Hut is a takeout, delivery, and dine in restaurant. The restaurant specializes in wings as well as cheesteaks, wraps and various other hot sandwiches and food.

winghutwoodlyn.net Woodlyn, PA

9-11

The Restaurant features a wide selection of Chinese, Japanese, and American foods. Guests can find traditional Chinese dishes and specialty items while dining here.

facebook.com/pages/Hibachi-Buffet-and-Sushi-Grill Woodlyn, PA

14

Value Hair Beauty is a full-service hair salon that offers quality men’s and women’s hair-cuts, hair styling, and color services.

N/A Woodlyn, PA

15

Jackson Hewitt Tax Service Inc. is the second-largest tax-preparation service in the United States; responsible for preparing over 2 million federal, state, and local income-tax returns each year.

jacksonhewitt.com 6,000 +/-

17B & 18

Little Caesars is the third-largest pizza chain in the United States, behind Pizza Hut and Domino’s Pizza. It operates and franchises pizza restaurants in the United States and internationally.

littlecaesars.com 5,500 +/-

23

Direct Buy Furniture is a company that sells home and office furniture. The company carries 6 brands within their stores and has two locations in the greater Philadelphia Area.

direct-buyfurniture.com 2

TENANT DESCRIPTION:

HIBACHI GRILL & SUSHI BUFFET

CHEESE’S HAIR STUDIO

WOWNAIL SALON

VALUE HAIRBEAUTY

WOODLYN OVERVIEW

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Widener University is a private, coeducational university located in Chester,

Pennsylvania. Its main campus sits on 110 acres (.44 km²), just 14 miles (23

km) southwest of Philadelphia. The university has three other campuses: two in

Pennsylvania (Harrisburg and Exton) and one in Wilmington, Delaware.

About 3,300 undergraduates and 3,300 graduate students attend Widener in

eight degree-granting schools. The university offers associate’s, baccalaureate,

master’s, and doctoral degrees in areas ranging from traditional liberal arts to

professional programs. The Carnegie Foundation classifies Widener as a Doctor-

al/Research University and a Community Engagement Institution. Widener was

ranked #181 in the National Universities category by US News & World Report

for 2012.

Founded in 1821 as a preparatory school for boys in Wilmington, Delaware, the

institution now known as Widener University moved to Pennsylvania in 1862 and was

granted collegiate powers and privileges via universal charter by the Pennsylvania

legislature in April of the same year. It was known from 1892 to 1972 as Pennsyl-

vania Military College, though it had officially become PMC Colleges in 1966 when

a nonmilitary, coeducational component was added. Graduate programs were also

introduced in 1966.

In 1972 the name Widener College was adopted after the prominent Widener family of

Philadelphia and the Corps of Cadets disbanded (an Army ROTC program still exists).

In recognition of its comprehensive offerings, Widener College became Widener

University in 1979. Today, Widener is a four-campus university offering more than 80

programs of study.

LOCATION OVERVIEW:

Woodlyn is located in the western part of Ridley Township. It is bordered to the northeast by

the Folsom part of Ridley Township, to the east by the borough of Ridley Park, to the south by

the borough of Eddystone, to the southwest by the city of Chester, to the west by Nether Prov-

idence Township, and to the north by Springfield Township and the borough of Swarthmore.

Ridley Township is in southeastern Delaware County, northeast of Chester and southeast of

Media, the county seat. The borough of Rutledge is in the northern part of the township but

is a separate municipality. Interstate 476 (the Blue Route) and Interstate 95 intersect in the

southern part of Woodlyn. Center City, Philadelphia, is 14 miles (23 km) to the northeast via I-95.

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The Philadelphia MSA encompasses 11 counties in four states:Philadelphia, Delaware, Bucks, Chester and Montgomery in Philadelphia;Gloucester, Burlington, Camden and Salem counties in New Jersey;New Castle in Delaware; and Cecil in Maryland. The DelawareRiver bisects the metropolis from northeast to southwest and serves as the borderbetween Pennsylvania and New Jersey. The Schuylkill River passes through the heart ofPhiladelphia, separating West Philadelphia from Center City. The Philadelphia MSA containsapproximately 6.1 million residents. Although it has more than 360 municipalities, few havemore than 25,000 citizens, while Philadelphia is the largest city with approximately 1.6 million residents.

METRO

ECONOMY

� Drivers of the region’s economy include pharmaceuticals, biotechnology, financial services, education, transportation logistics, advanced manufacturing and telecommunications.

� The Philadelphia area is home to 12 Fortune 500 companies that operate across a broad spectrum of industries. � Philadelphia is headquarters of the Federal Reserve’s Third District, which, along with the U.S. Mint, the Philadelphia

Stock Exchange and companies such as Lincoln Financial Group and Vanguard, helps shape a formidable financial sector.

SHARE OF 2017 TOTAL EMPLOYMENT

LOCATION OVERVIEW:

SHARE OF 2017 TOTAL EMPLOYMENT

MANUFACTURING6%

GOVERNMENT

HEALTH SERVICESEDUCATION AND

+OTHER SERVICES

4%

LEISURE AND HOSPITALITY FINANCIAL ACTIVITIES

18%AND UTILITIES

TRADE, TRANSPORTATION CONSTRUCTION

PROFESSIONAL ANDBUSINESS SERVICES

2%INFORMATION

16%

4%

11% 9% 7%

22%

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DEMOGRAPHICS

Philadelphia offers its residents an attractive combination of economic, educational, cultural and recreational advantages. Its transformation from a manufacturing-based economy to one more reliant on information will continue to provide greater economic opportunities. In addition, the cost of living in Philadelphia is much less than in other major East Coast markets. Philadelphia provides both visitors and residents with a wide array of destinations: Art and science museums are plentiful and the restaurant and night life scene is always alive in Center City. The MSA houses several major professional sports teams, including the Eagles (NFL), 76ers (NBA), Phillies (MLB), Flyers (NHL) and Union (MLS) in addition to numerous golf courses, bike paths.

* Forecasted Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s Analytics; U.S. Census Bureau

QUALITY OF LIFE

� The MSA is expected grow by nearly 130,000 people through 2021, which will result in nearly 60,000 additional households.

� A median home price below the national average has allowed 67 percent of house-holds to afford to own their homes, compared with 64 percent for the nation.

� Roughly 34 percent of people age 25 and older hold a bachelor’s degree; among those residents, 13 percent also have earned a graduate or professional degree.

SPORTS

EDUCATION

ARTS & ENTERTAINMENT

SPORTS

EDUCATION


SPORTS

EDUCATION


LOCATION OVERVIEW:

38.62017

MEDIAN AGE:

U.S. Median:

37.8

$65,200 2017 MEDIAN

HOUSEHOLD INCOME:

U.S. Median:

$56,300

6.1M2017

POPULATION:

Growth2017-2022*:

2%

2.3M2017

HOUSEHOLDS:

3.1%

Growth2017-2022*:

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POPULATION 1 Miles 3 Miles 5 Miles 2022 Projection

Total Population 22,181 109,513 238,778

2017 Estimate


2010 Census


2000 Census


Current Daytime Population

2017 Estimate 19,072 101,509 222,119

HOUSEHOLDS 1 Miles 3 Miles 5 Miles 2022 Projection

Total Households 8,128 42,003 92,665

2017 Estimate


Average (Mean) Household Size 2.60 2.52 2.52

2010 Census


2000 Census


Occupied Units

2022 Projection 8,128 42,003 92,665

2017 Estimate 9,028 44,674 97,458

HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles 2017 Estimate

$150,000 or More 4.96% 10.05% 10.45%

$100,000 - $149,000 11.38% 14.36% 15.83%

$75,000 - $99,999 10.71% 13.45% 13.95%

$50,000 - $74,999 17.52% 17.59% 18.17%

$35,000 - $49,999 12.58% 12.21% 12.33%

Under $35,000 42.86% 32.34% 29.26%

Average Household Income $59,777 $78,337 $81,695

Median Household Income $42,499 $56,768 $60,206

Per Capita Income $22,319 $29,995 $31,565

HOUSEHOLDS BY EXPENDITURE 1 Miles 3 Miles 5 MilesTotal Average Household Retail Expenditure $54,247 $63,606 $65,866

Consumer Expenditure Top 10 Categories

Housing $15,215 $17,307 $17,899

Shelter $8,577 $9,744 $10,073

Transportation $8,454 $10,206 $10,667

Food $5,445 $6,315 $6,524

Personal Insurance and Pensions $4,610 $5,904 $6,184

Utilities $3,539 $3,970 $4,085

Health Care $3,529 $4,427 $4,592

Entertainment $2,078 $2,408 $2,504Household Furnishings and Equipment $1,500 $1,727 $1,796

Apparel $1,323 $1,669 $1,740

POPULATION PROFILE 1 Miles 3 Miles 5 Miles Population By Age

2017 Estimate Total Population 23,148 111,859 242,697

Under 20 29.60% 25.94% 24.78%

20 to 34 Years 24.61% 20.79% 20.60%

35 to 39 Years 5.36% 5.71% 6.03%

40 to 49 Years 11.28% 12.18% 12.33%

50 to 64 Years 17.87% 20.86% 21.21%

Age 65+ 11.29% 14.54% 15.05%

Median Age 31.54 37.85 38.79

Population 25+ by Education Level

2017 Estimate Population Age 25+ 13,701 74,243 165,824

Elementary (0-8) 3.31% 2.01% 1.68%

Some High School (9-11) 9.22% 7.58% 6.53%

High School Graduate (12) 42.72% 37.70% 38.04%

Some College (13-15) 17.47% 17.23% 17.59%

Associate Degree Only 5.94% 7.40% 7.52%

Bachelors Degree Only 12.64% 16.08% 16.94%

Graduate Degree 7.83% 11.01% 10.84%

DEMOGRAPHIC SUMMARY:

1936 Macdade Blvd - Woodlyn, PAWOODLYN PLAZA

OFFERING MEMORANDUM

Documents

WOODLYN PLAZA - LoopNet · verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. Marcus