DESTINATION RESTAURANT REAL ESTATE

Transcription

1 DESTINATION RESTAURANT REAL ESTATE 1441 S WEST END BLVD QUAKERTOWN, PA Antonio DiCianni Advisor antonio.dicianni@svn.com SVN AHIA COMMERCIAL REAL ESTATE 2050 CABOT BLVD. W, SUITE 102, LANGHORNE, PA 19047

2 Property Summary SALE PRICE $599,000 OFFERING SUMMARY Lot Size: Year Built: Building Size: Renovated: 0.78 Acres ,250 SF 2015 Zoning: PC Market: Quakertown PROPERTY OVERVIEW Fantastic opportunity to purchase prime real estate on heavily traveled Route 309 in Bucks County. Former home to the popular "Fries Rebellion Kitchen & Tap House," this opportunity provides an investor or owner/operator the ability to purchase incredibly desirable Rt-309 real estate and leverage the history of this destination restaurant location. Both building and pylon sign provide direct advertising exposure to a huge tri-county audience with demographics aligning perfectly for a casual dining concept. The property also offers two means of site access, two dining rooms, large main bar area with seating, fully equipped kitchen, private 2nd floor offices and party room, and the possibility for covered outdoor service. Additionally, several proposed residential developments, along with St. Luke's hospital (opening 2019), are located immediate to the property, offering significant value to a new owner. PROPERTY HIGHLIGHTS Traffic Count: 39,000 Price / SF: $ Aggressively Priced Former destination gastropub Exposure to over 39,000 vehicles/day on Route 309 Two means of site access with ample signage Opportunity for outdoor food/bar service - Large restaurant with 2 dining rooms, main bar, private party room, and offices - Located minutes from new major residential & commercial developments, including the new St. Luke s Hospital DESTINATION RESTAURANT REAL ESTATE 1441 S WEST END BLVD, QUAKERTOWN, PA SVN Ahia Commercial Real Estate Page 2

3 Additional Photos Aerial 1 Main Bar DESTINATION RESTAURANT REAL ESTATE 1441 S WEST END BLVD, QUAKERTOWN, PA SVN Ahia Commercial Real Estate Page 3

4 Additional Photos DESTINATION RESTAURANT REAL ESTATE 1441 S WEST END BLVD, QUAKERTOWN, PA SVN Ahia Commercial Real Estate Page 4

5 Market Highlights Significant Nearby Planned Developments Planned Developments Immediate to the Subject QUAKERTOWN MARKET & DEMOGRAPHICS The Quakertown market has experienced exceptional growth over the last several years. With a number of developments proposed nearby, the immediate market is poised to outperform into the near future. Most notably, a 102-acre residential development is proposed immediate to the Subject Property. In addition, the 216-acre master planned Milford Village has begun construction less than 5 miles west on Route 309, bringing a 100-bed hospital, medical offices, dedicated cancer center, assisted living and memory care facilities, over 525 apartments, 75 town homes and cottages, and retail centers. IMMEDIATE DEVELOPMENTS A 102-acre residential development is being proposed immediate to the Subject Property. With this proposed development comes the possibility of a new fully signalized intersection at Rich Hill Road and Route 309. These proposed developments will redefine the area and further bolster this Route-309 corridor. The dominant segment in the Upper Bucks County market consists of younger, dual-income earning married couples with children. Quakertown, as a dense submarket within the Upper Bucks County / Lehigh Valley, has experienced attractive recent population growth and has become a market highly dependent and receptive to the casual craft restaurant/pub concept. With the area's planned developments, the market will continue to expand at attractive rates. DESTINATION RESTAURANT REAL ESTATE 1441 S WEST END BLVD, QUAKERTOWN, PA SVN Ahia Commercial Real Estate Page 5

6 Location Maps DESTINATION RESTAURANT REAL ESTATE 1441 S WEST END BLVD, QUAKERTOWN, PA SVN Ahia Commercial Real Estate Page 6

7 Demographics Map POPULATION 1 MILE 5 MILES 10 MILES Total population 2,073 61, ,038 Median age Median age (male) Median age (Female) HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES Total households ,117 70,626 # of persons per HH Average HH income $86,054 $74,231 $83,524 Average house value $363,513 $272,128 $314,373 * Demographic data derived from 2010 US Census DESTINATION RESTAURANT REAL ESTATE 1441 S WEST END BLVD, QUAKERTOWN, PA SVN Ahia Commercial Real Estate Page 7

8 Advisor Bio & Contact Info ANTONIO DICIANNI Advisor PROFESSIONAL BACKGROUND With a diverse transactional and professional background, Antonio helps clients navigate the complexities of commercial real estate transactions bringing experience from his tenure in Manhattan to the localized markets. Originally from Philadelphia, and having spent the majority of his career working and living on the Upper East Side of Manhattan, Antonio moved to Bucks County to focus on real estate closer to his roots. His professional background spans a diverse range of real estate practice, including financing, structuring, advising, and operating everything from trophy assets in highly-prized zip codes to government regulated affordable housing deals Cabot Blvd. W, Suite 102 Langhorne, PA T C antonio.dicianni@svn.com He earned a master s degree in Engineering and Management and uses that education to take a sophisticated approach to addressing his clients real estate needs. Antonio is known for his exceptional work ethic and his ability to solve complex problems for the most efficient and seamless transaction. Antonio s unique value is rooted in a long history of servicing institutional and high-profiled clientele. In past roles, Antonio participated in over $2 billion worth of real estate transactions comprised of a wide range of asset classes in various markets across the US. Antonio has also principally owned and operated apartment communities as well as office and retail centers. Most notably in his career, Antonio played a critical role in the successful repositioning and sale of Manhattan s single-largest and most iconic apartment community for $5.3 billion. Professional Highlights: Over $2 billion worth of direct transaction experience. Structured both debt and equity to facilitate the capitalization of apartments, office, and retail assets. Executed Fannie Mae, Freddie Mac, HUD, CMBS, Life Insurance, and Bank financed transactions. Principally repositioned garden-style apartment communities, office, and retail centers throughout the area. EDUCATION MS in Engineering - Drexel University Honors College, Magna Cum Laude BS in Engineering - Drexel University Honors College, Magna Cum Laude MS in Real Estate - New York University, coursework DESTINATION RESTAURANT REAL ESTATE 1441 S WEST END BLVD, QUAKERTOWN, PA SVN Ahia Commercial Real Estate Page 8