UNIQUE HISTORIC INVESTMENT OPPORTUNITY

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1 UNIQUE HISTORIC INVESTMENT OPPORTUNITY 103 SOUTH STATE STREET NEWTOWN, PA SVN AHIA COMMERCIAL REAL ESTATE 2050 CABOT BLVD. W, SUITE 102, LANGHORNE, PA OFFERING MEMORANDUM

PROPERTY INFORMATION 3 Property Summary Complete Highlights Property Details Additional Photos LOCATION INFORMATION 8 Regional Map Location Maps Aerial Map Tax Parcel Map FLOOR PLANS 13 Floor Plan I

2 PROPERTY INFORMATION 3 Property Summary Complete Highlights Property Details Additional Photos LOCATION INFORMATION 8 Regional Map Location Maps Aerial Map Tax Parcel Map FLOOR PLANS 13 Floor Plan I Main Level Floor Plan I 2nd Level MUNICIPALITY INFORMATION 16 About Newtown Borough About Bucks County DEMOGRAPHICS 19 Demographics Report Demographics Map SVN REAL ESTATE TEAM 22 Advisor Bio I Chichi E. Ahia Advisor Bio Glenn Gaines HISTORIC TORBERT HOUSE 103 S STATE STREET, NEWTOWN, PA SALE PROPOSAL

3 1 PROPERTY INFORMATION HISTORIC TORBERT HOUSE 103 S STATE STREET NEWTOWN, PA SVN Ahia Commercial Real Estate Page 3

4 Property Summary OFFERING SUMMARY Sale Price: $1,495,000 Lot Size: 0.08 Acres Year Built: 1795 Building Size: 3,862 SF Renovated: 1995 Zoning: TC [Town Center] Market: Philadelphia Submarket: Lower Bucks County Traffic Count: 13,447 PROPERTY OVERVIEW SVN Ahia Commercial Real Estate is pleased to present a truly exceptional retail investment opportunity in the Heart of Historic Newtown Boro, Bucks County, Pennsylvania. The property offers a stately presentation in an uncompromising environment comprised of historic significance and modern relevance. Originally built circa 1795 and expanded over time, this free-standing mixed-use property features over 2,800 square feet of prime retail space on the main level (presently home to a well-established florist, est. 1960) and a 3-4 bedroom apartment above, offering Tenants access to an incomparable downtown living experience. The Historic Torbert House is positioned adjacent to two National Credit Tenants (Starbucks and GapBody) and proximate to the iconic Steepleview project - a $100MM redevelopment project which is underway in the Borough of Newtown (Phase 1 is complete). Once completed, the project will be the largest in the Borough's history. It is slated to include 110 Luxury Condominiums, a 5-story parking garage, town square, and more. Two additional National Credit Tenants have committed to the project (Banana Republic & Francesca's). The site is situated in the Newtown Borough 'Town Center' (TC) zoning district, which allows for a variety of uses by right. The demographics and foot traffic for a successful retail business are in place. This offering represents a unique and truly extraordinary opportunity to establish a business in the center of Newtown Borough retail renaissance. Price / SF: $ HISTORIC TORBERT HOUSE 103 S STATE STREET NEWTOWN, PA SVN Ahia Commercial Real Estate Page 4

Complete Highlights SALE HIGHLIGHTS Historic Torbert House - Occupied for many years by Job Hollinshead, a clock and watch maker, who conducted his business at this site Est.

5 Complete Highlights SALE HIGHLIGHTS Historic Torbert House - Occupied for many years by Job Hollinshead, a clock and watch maker, who conducted his business at this site Est. circa 1795 Mixed-use investment opportunity Strategic town centre location Heavy vehicular and pedestrian traffic 2,800 square feet of retail space 3-4 bedroom apartment Near signalized intersection Large street-front display windows Adjacent to two National Credit Tenants (Starbucks & GapBody) Newtown Borough Town Center (TC) Zoning - many allowable uses by right Across from a major redevelopment site delivering 110 Luxury Condominiums, national retailers and a five-story parking garage to Newtown Borough LOCATION OVERVIEW Located near the intersection of State Street and Centre Avenue in the heart of Historic Newtown Borough in Bucks County - the original County seat. The historic town is home to eclectic shopping, fine dining, theater and other cultural attractions. There are over 116,000 residents living within 5-mile radius with an average household income of $123,000. Newtown Borough is located 40 miles from the Philadelphia International Airport, 32 miles from Downtown Philadelphia, and 71 miles from NYC. HISTORIC TORBERT HOUSE 103 S STATE STREET NEWTOWN, PA SVN Ahia Commercial Real Estate Page 5

6 Property Details SALE PRICE $1,495,000 LOCATION INFORMATION Street Address 103 South State Street City, State, Zip Newtown, PA County/Township Bucks/Newtown Market Philadelphia Submarket Lower Bucks County Cross Streets West Center Street Nearest Highway Rt. 332 Nearest Airport TTN-Trenton-Mercer Airport [9.7 Mi.] PHL-Philadelphia International Airport [39.9 Mi.] PROPERTY DETAILS Property Type Mixed-Use Property Subtype Retail/Residential Zoning TC -Town Center Lot Size 0.08 Acres APN# RE Taxes [2018] $9,061 Lot Frontage 33 Lot Depth 106 Traffic Count 13,447 Traffic Count Street East Center Avenue BUILDING INFORMATION PARKING & TRANSPORTATION Building Size 3,862 SF Number Of Floors 3 Year Built 1795 Construction Status Existing Roof Rubber Roof, Shingles Heating Gas/Forced Air Gas Hot Water/Radiator Street Parking Municipality Parking UTILITIES & AMENITIES Exterior Description Utilities Description Yes Nearby Stone & Siding Public Water & Public Sewer HISTORIC TORBERT HOUSE 103 S STATE STREET NEWTOWN, PA SVN Ahia Commercial Real Estate Page 6

7 Additional Photos HISTORIC TORBERT HOUSE 103 S STATE STREET NEWTOWN, PA SVN Ahia Commercial Real Estate Page 7

8 2 LOCATION INFORMATION HISTORIC TORBERT HOUSE 103 S STATE STREET NEWTOWN, PA SVN Ahia Commercial Real Estate Page 8

9 Regional Map HISTORIC TORBERT HOUSE 103 S STATE STREET NEWTOWN, PA SVN Ahia Commercial Real Estate Page 9

10 Location Maps Historic Torbert House HISTORIC TORBERT HOUSE 103 S STATE STREET NEWTOWN, PA SVN Ahia Commercial Real Estate Page 10

11 Aerial Map Historic Torbert House HISTORIC TORBERT HOUSE 103 S STATE STREET NEWTOWN, PA SVN Ahia Commercial Real Estate Page 11

12 Tax Parcel Map HISTORIC TORBERT HOUSE 103 S STATE STREET NEWTOWN, PA SVN Ahia Commercial Real Estate Page 12

13 3 FLOOR PLANS HISTORIC TORBERT HOUSE 103 S STATE STREET NEWTOWN, PA SVN Ahia Commercial Real Estate Page 13

14 Floor Plan I Main Level HISTORIC TORBERT HOUSE 103 S STATE STREET NEWTOWN, PA SVN Ahia Commercial Real Estate Page 14

15 Floor Plan HISTORIC TORBERT HOUSE 103 S STATE STREET NEWTOWN, PA SVN Ahia Commercial Real Estate Page 15

16 3 MUNICIPALITY INFORMATION HISTORIC TORBERT HOUSE 103 S STATE STREET NEWTOWN, PA SVN Ahia Commercial Real Estate Page 16

About Newtown Borough NEWTOWN BOROUGH, BUCKS COUNTY After William Penn had laid out Philadelphia, his "great town", in 1682, he traveled north through a vast tract of land he had purchased from the

Some 28 miles northeast of Philadelphia, in the middle of trees that bordered a creek flowing to the Delaware River, he allegedly announced "This is where I propose to build my 'new town'".

17 About Newtown Borough NEWTOWN BOROUGH, BUCKS COUNTY After William Penn had laid out Philadelphia, his "great town", in 1682, he traveled north through a vast tract of land he had purchased from the local Indians. Some 28 miles northeast of Philadelphia, in the middle of trees that bordered a creek flowing to the Delaware River, he allegedly announced "This is where I propose to build my 'new town'". No documentation supports this tale but, two years later in 1684, William Penn's surveyor, Thomas Holme, devised a plan for a new settlement initially called New Township. Straddling what is now called Newtown Creek, the site included 640 acres. In time, the name was shortened to Newtown. The small village along Newtown Creek became the County Seat of Bucks in 1725 and it remained the center of county government until 1813 when the Court House was moved to Doylestown. The village had been settled as part of Newtown Township until it was incorporated by the Commonwealth of Pennsylvania General Assembly as a borough on April 16, Borough was enlarged four times since 1838 and its buildings show excellent examples of all major architectural styles. Caption 1 Newtown Borough became one of Bucks County's prominent communities with the construction of many substantial colonial residences and taverns. The Historic District was established in 1969, enlarged in 1976, again in 1985 and is listed on the National Register of Historic Places. Newtown today still retains the character of this important period of history. Newtown has been and continues to be one of the"coolest small towns in the nation" as declared by Yahoo! Travel. With a main street lined with unique shops, taverns and restaurants as well as a bustling festival calendar, there is always something to see and do. From historic inns full of history to classic American film, there's plenty to do for everyone in Newtown, PA. Caption 2 HISTORIC TORBERT HOUSE 103 S STATE STREET NEWTOWN, PA SVN Ahia Commercial Real Estate Page 17

18 About Bucks County BUCKS COUNTY, PA Bucks County is a county located in the Commonwealth of Pennsylvania. As of the 2010 census, the population was 625,249, making it the fourth-most populous county in Pennsylvania and the 98th-most populous county in the United States. The county seat is Doylestown. The county is named after the English county of Buckinghamshire. Bucks County is included in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Metropolitan Statistical Area, more commonly known as the Delaware Valley. It is located immediately northeast of Philadelphia and forms part of the southern tip of the eastern state border. Bucks County is one of the three original counties created by colonial proprietor William Penn in Penn named the county after Buckinghamshire, the county where he lived in England. Penn built a country estate called Pennsbury Manor in Falls Township, Bucks County. Some places in Bucks County were named after locations in Buckinghamshire, including Buckingham Township, named after the county town of Buckinghamshire; Chalfont, named after Chalfont St Giles, the parish home of William Penn's first wife and the location of the Jordans Quaker Meeting House, where Penn is buried; Solebury Township, named after Soulbury, England; and Wycombe, named after the town of High Wycombe.Bucks County was originally much larger than it is today. Northampton County was formed in 1752 from part of Bucks County, and Lehigh County was formed in 1812 from part of Northampton County. The southern third of the county between Philadelphia and Trenton, New Jersey, often called Lower Bucks, resides in the Atlantic Coastal Plain, and is flat and near sea level, and the county's most populated and industrialized area. Bucks County shares a western border with Montgomery County, and also borders Philadelphia to the southwest, and Northampton and Lehigh Counties to the north. From north to south, it is linked to Warren, Hunterdon, Mercer and Burlington Counties in New Jersey by bridges.tohickon Creek and Neshaminy Creek are the largest tributaries of the Delaware in Bucks County. Tohickon Creek empties into the river at Point Pleasant and Neshaminy at Croydon (Bristol Township). HISTORIC TORBERT HOUSE 103 S STATE STREET NEWTOWN, PA SVN Ahia Commercial Real Estate Page 18

19 5 DEMOGRAPHICS HISTORIC TORBERT HOUSE 103 S STATE STREET NEWTOWN, PA SVN Ahia Commercial Real Estate Page 19

20 Demographics Report 1 MILE 3 MILES 5 MILES Total population 6,735 48, ,373 Median age Median age (male) Median age (female) Total households 2,671 18,136 41,284 Total persons per HH Average HH income $115,243 $121,244 $123,777 Average house value $465,974 $427,127 $421,621 * Demographic data derived from 2010 US Census HISTORIC TORBERT HOUSE 103 S STATE STREET NEWTOWN, PA SVN Ahia Commercial Real Estate Page 20

Demographics Map POPULATION 1 MILE 3 MILES 5 MILES 6,735 48,745 116,373 Median age 46.5 42.6 41.9 Median age (Male) 42.5 40.9 40.3 Median age (Female) 47.7 43.2 43.

21 Demographics Map POPULATION 1 MILE 3 MILES 5 MILES 6,735 48, ,373 Median age Median age (Male) Median age (Female) MILE 3 MILES 5 MILES 2,671 18,136 41,284 # of persons per HH Average HH income $115,243 $121,244 $123,777 Average house value $465,974 $427,127 $421,621 Total population HOUSEHOLDS & INCOME Total households * Demographic data derived from 2010 US Census HISTORIC TORBERT HOUSE 103 S STATE STREET NEWTOWN, PA SVN Ahia Commercial Real Estate Page 21

22 5 SVN REAL ESTATE TEAM HISTORIC TORBERT HOUSE 103 S STATE STREET NEWTOWN, PA SVN Ahia Commercial Real Estate Page 22

23 Advisor Bio I Chichi E. Ahia CHICHI E. AHIA Executive Director/ Principal 2050 Cabot Blvd. W, Suite 102 Langhorne, PA T x101 C chichi.ahia@svn.com PA #RM NJ # NY # MD # DE #RB MA # PROFESSIONAL BACKGROUND Chichi is the Executive Director, Principal and Broker of Record of SVN Ahia Commercial Real Estate, primarily serving the markets of Eastern Pennsylvania and Central through Southern New Jersey. He is a licensed real estate broker in 6 states. Prior to his affiliation with SVN he served as the executive director of the regional division of a Nationally branded, full service commercial real estate services firm. He is a consistent Multi-Million Dollar Producer and has won numerous sales and performance awards. He was selected by Philadelphia Magazine as one of the top Real Estate Brokers in the Suburban Philadelphia market, ranking in the top 5% in customer satisfaction in 2010, 2011, 2012, 2013, 2014, 2015, 2016 and In 2014 He was recognized as one of America s Most Honored Professionals by the American Registry. Chichi currently resides in Bucks County with his wife, Sabrina, their four daughters and identical twin sons. In his free time he works on business development and training and mentoring professionals starting businesses. He currently serves as chairman of the board of directors for a regional financial institution and in an advisory role to a number of business organizations. He is also active in his church and plays several musical instruments at a professional level of proficiency. He and Sabrina love to travel and spend time with family. EDUCATION Rider University Schlicher-Krats Real Estate Institute MEMBERSHIPS & AFFILIATIONS Licensed Broker, PA, NJ, NY, MA, DE & MD HISTORIC TORBERT HOUSE 103 S STATE STREET NEWTOWN, PA SVN Ahia Commercial Real Estate Page 23

24 Advisor Bio Glenn Gaines GLENN GAINES Associate Advisor 2050 Cabot Blvd. W, Suite 102 Langhorne, PA T C glenn.gaines@svn.com PROFESSIONAL BACKGROUND Glenn is an Associate Advisor with SVN Ahia Commercial Real Estate, serving the Pennsylvania market. Prior to his career in commercial real estate, Glenn was the principal of a prominent design/build firm for 15 years. Glenn specializes in Multi-Family/Apartments & Mixed-Use Investment Sales. EDUCATION B.A., University of South Carolina HISTORIC TORBERT HOUSE 103 S STATE STREET NEWTOWN, PA SVN Ahia Commercial Real Estate Page 24

VALUE ADD RETAIL INVESTMENT OPPORTUNITY

VALUE ADD RETAIL INVESTMENT OPPORTUNITY 4350-4354 NEW FALLS ROAD LEVITTOWN, PA 19056 Charles Calvert, MBA Associate Advisor 215.757.2500 x106 charles.calvert@svn.com Chichi E. Ahia Executive Director/