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/ Principal 215.757.2500 x101 chichi.ahia@svn.com SVN AHIA COMMERCIAL REAL ESTATE 2050 CABOT BLVD. W, SUITE 102, LANGHORNE, PA 19047 OFFERING MEMORANDUM

PROPERTY INFORMATION 3 Property Summary Property Description Complete Highlights Additional Photos Floor Plans LOCATION INFORMATION 9 Regional Map Aerial Map Retailer Map DEMOGRAPHICS 13 Demographics Report Demographics Map Financial Summary (Proforma 1) Income & Expenses (Proforma 1) Financial Summary (Proforma 2) Income & Expenses (Proforma 2) ADVISOR BIOS 20 Advisor Bio Charles Calvert, MBA Advisor Bio Chichi E. Ahia Disclaimer Back Page VALUE ADD RETAIL INVESTMENT OPPORTUNITY 4350-4354 NEW FALLS ROAD, LEVITTOWN, PA 19056 OFFERING MEMORANDUM

1 PROPERTY INFORMATION 4350-4354 New Falls Road Levittown, PA 19056 VALUE ADD RETAIL INVESTMENT OPPORTUNITY 4350-4354 NEW FALLS ROAD LEVITTOWN, PA 19056 SVN Ahia Commercial Real Estate Page 3

Property Summary OFFERING SUMMARY Sale Price: $1,500,000 Cap Rate: 2.48% NOI: $37,135 PROPERTY OVERVIEW Outstanding prime investment or development opportunity on heavily traveled road near key intersection in Levittown, Bucks County Pennsylvania. Currently leased 4 unit strip center totaling 5390 SF plus additional 2600 sq. ft. freestanding building. Highly visible with wide frontage allows for great brand exposure. Numerous opportunities for retail, service and office. Lot Size: 0.82 Acres PROPERTY HIGHLIGHTS Year Built: 1958 Building Size: 7,650 SF Renovated: 0 Prime location with excellent visibility Well known local iconic building served as video store for 34 years 2 parcels totaling.82 acres Zoning: Market: C / R3 Philadelphia Parking for approximately 50 vehicles Front Pylon Submarket: Lower Bucks County Traffic Count: 20,468 Easy ingress/egress High trafficked area with broad and diverse demographics Price / SF: $196.08 VALUE ADD RETAIL INVESTMENT OPPORTUNITY 4350-4354 NEW FALLS ROAD LEVITTOWN, PA 19056 SVN Ahia Commercial Real Estate Page 4

Property Description PROPERTY OVERVIEW Outstanding prime investment or development opportunity on heavily traveled road near key intersection in Levittown, Bucks County Pennsylvania. Currently leased 4 unit strip center totaling 5390 SF plus additional 2600 sq. ft. freestanding building. Highly visible with wide frontage allows for great brand exposure. Numerous opportunities for retail, service and office. LOCATION OVERVIEW Outstanding location on busy New Falls Road in Levittown, Bristol Township, Bucks County, PA. 350 Ft from Veteran Highway and 7 minutes to I95. This high traffic, well exposed property attracts a broad range of demographics from the surrounding market area. VALUE ADD RETAIL INVESTMENT OPPORTUNITY 4350-4354 NEW FALLS ROAD LEVITTOWN, PA 19056 SVN Ahia Commercial Real Estate Page 5

Complete Highlights SALE HIGHLIGHTS Prime location with excellent visibility Well known local iconic building served as video store for 34 years 2 parcels totaling.82 acres Parking for approximately 50 vehicles Front Pylon Easy ingress/egress High trafficked area with broad and diverse demographics VALUE ADD RETAIL INVESTMENT OPPORTUNITY 4350-4354 NEW FALLS ROAD LEVITTOWN, PA 19056 SVN Ahia Commercial Real Estate Page 6

Additional Photos VALUE ADD RETAIL INVESTMENT OPPORTUNITY 4350-4354 NEW FALLS ROAD LEVITTOWN, PA 19056 SVN Ahia Commercial Real Estate Page 7

Floor Plans VALUE ADD RETAIL INVESTMENT OPPORTUNITY 4350-4354 NEW FALLS ROAD LEVITTOWN, PA 19056 SVN Ahia Commercial Real Estate Page 8

2 LOCATION INFORMATION 4350-4354 New Falls Road Levittown, PA 19056 VALUE ADD RETAIL INVESTMENT OPPORTUNITY 4350-4354 NEW FALLS ROAD LEVITTOWN, PA 19056 SVN Ahia Commercial Real Estate Page 9

Regional Map Value Add Retail Investment Opportunity VALUE ADD RETAIL INVESTMENT OPPORTUNITY 4350-4354 NEW FALLS ROAD LEVITTOWN, PA 19056 SVN Ahia Commercial Real Estate Page 10

Aerial Map VALUE ADD RETAIL INVESTMENT OPPORTUNITY 4350-4354 NEW FALLS ROAD LEVITTOWN, PA 19056 SVN Ahia Commercial Real Estate Page 11

Retailer Map VALUE ADD RETAIL INVESTMENT OPPORTUNITY 4350-4354 NEW FALLS ROAD LEVITTOWN, PA 19056 SVN Ahia Commercial Real Estate Page 12

3 DEMOGRAPHICS 4350-4354 New Falls Road Levittown, PA 19056 VALUE ADD RETAIL INVESTMENT OPPORTUNITY 4350-4354 NEW FALLS ROAD LEVITTOWN, PA 19056 SVN Ahia Commercial Real Estate Page 13

Demographics Report 1 MILE 3 MILES 5 MILES Total population 12,583 101,291 243,323 Median age 37.2 38.9 39.2 Median age (male) 38.5 38.2 37.8 Median age (female) 36.2 39.4 40.4 Total households 4,718 37,291 89,959 Total persons per HH 2.7 2.7 2.7 Average HH income $67,314 $68,941 $72,897 Average house value $273,034 $267,617 $285,095 * Demographic data derived from 2010 US Census VALUE ADD RETAIL INVESTMENT OPPORTUNITY 4350-4354 NEW FALLS ROAD LEVITTOWN, PA 19056 SVN Ahia Commercial Real Estate Page 14

Demographics Map POPULATION 1 MILE 3 MILES 5 MILES Total population 12,583 101,291 243,323 Median age 37.2 38.9 39.2 Median age (Male) 38.5 38.2 37.8 Median age (Female) 36.2 39.4 40.4 HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES Total households 4,718 37,291 89,959 # of persons per HH 2.7 2.7 2.7 Average HH income $67,314 $68,941 $72,897 Average house value $273,034 $267,617 $285,095 * Demographic data derived from 2010 US Census VALUE ADD RETAIL INVESTMENT OPPORTUNITY 4350-4354 NEW FALLS ROAD LEVITTOWN, PA 19056 SVN Ahia Commercial Real Estate Page 15

Financial Summary (Proforma 1) INVESTMENT OVERVIEW PROFORMA FINANCIALS ($16/SF/Y NNN) Price $1,500,000 Price per SF $196.08 CAP Rate 8.2% Cash-on-Cash Return (yr 1) 8.7 % Total Return (yr 1) $65,314 Debt Coverage Ratio 1.36 OPERATING DATA PROFORMA FINANCIALS ($16/SF/Y NNN) Gross Scheduled Income $112,200 Other Income $0 Total Scheduled Income $162,663 Vacancy Cost $0 Gross Income $162,663 Operating Expenses $39,065 Net Operating Income $123,598 Pre-Tax Cash Flow $32,629 FINANCING DATA PROFORMA FINANCIALS ($16/SF/Y NNN) Down Payment $375,000 Loan Amount $1,125,000 Debt Service $90,969 Debt Service Monthly $7,580 Principal Reduction (yr 1) $32,685 VALUE ADD RETAIL INVESTMENT OPPORTUNITY 4350-4354 NEW FALLS ROAD LEVITTOWN, PA 19056 SVN Ahia Commercial Real Estate Page 16

Income & Expenses (Proforma 1) INCOME SUMMARY PROFORMA FINANCIALS ($16/SF/Y NNN) Unit A (1,350 sf) $21,600 Unit B (1,200 sf) $19,200 Unit C (1,200 sf) $19,200 Unit D (1,350 sf) $21,600 Unit E (2,600 sf) $41,998 CAM Reimbursements $39,065 Gross Income $162,663 EXPENSE SUMMARY PROFORMA FINANCIALS ($16/SF/Y NNN) Property Taxes $27,265 Insurance $5,300 Common Electricity and Water $1,100 Trash Removal $1,400 Common Area Maintenance $4,000 Gross Expenses $39,065 Net Operating Income $123,598 VALUE ADD RETAIL INVESTMENT OPPORTUNITY 4350-4354 NEW FALLS ROAD LEVITTOWN, PA 19056 SVN Ahia Commercial Real Estate Page 17

Financial Summary (Proforma 2) INVESTMENT OVERVIEW PROFORMA FINANCIALS ($18/SF/Y NNN) Price $1,500,000 Price per SF $196.08 CAP Rate 9.2% Cash-on-Cash Return (yr 1) 12.7 % Total Return (yr 1) $80,316 Debt Coverage Ratio 1.52 OPERATING DATA PROFORMA FINANCIALS ($18/SF/Y NNN) Gross Scheduled Income $112,200 Other Income $0 Total Scheduled Income $177,665 Vacancy Cost $0 Gross Income $177,665 Operating Expenses $39,065 Net Operating Income $138,600 Pre-Tax Cash Flow $47,631 FINANCING DATA PROFORMA FINANCIALS ($18/SF/Y NNN) Down Payment $375,000 Loan Amount $1,125,000 Debt Service $90,969 Debt Service Monthly $7,580 Principal Reduction (yr 1) $32,685 VALUE ADD RETAIL INVESTMENT OPPORTUNITY 4350-4354 NEW FALLS ROAD LEVITTOWN, PA 19056 SVN Ahia Commercial Real Estate Page 18

Income & Expenses (Proforma 2) INCOME SUMMARY PROFORMA FINANCIALS ($18/SF/Y NNN) Unit A (1,350 sf) $24,300 Unit B (1,200 sf) $21,600 Unit C (1,200 sf) $21,600 Unit D (1,350 sf) $24,300 Unit E (2,600 sf) $46,800 CAM Reimbursements $39,065 Gross Income $177,665 EXPENSE SUMMARY PROFORMA FINANCIALS ($18/SF/Y NNN) Property Taxes $27,265 Insurance $5,300 Common Electricity and Water $1,100 Trash Removal $1,400 Common Area Maintenance $4,000 Gross Expenses $39,065 Net Operating Income $138,600 VALUE ADD RETAIL INVESTMENT OPPORTUNITY 4350-4354 NEW FALLS ROAD LEVITTOWN, PA 19056 SVN Ahia Commercial Real Estate Page 19

4 ADVISOR BIOS 4350-4354 New Falls Road Levittown, PA 19056 VALUE ADD RETAIL INVESTMENT OPPORTUNITY 4350-4354 NEW FALLS ROAD LEVITTOWN, PA 19056 SVN Ahia Commercial Real Estate Page 20

Advisor Bio Charles Calvert, MBA CHARLES CALVERT, MBA Associate Advisor 2050 Cabot Blvd. W, Suite 102 Langhorne, PA 19047 T 215.757.2500 x106 C 770.330.6993 charles.calvert@svn.com PROFESSIONAL BACKGROUND Charles Calvert is a commercial real estate advisor with SVN Ahia Commercial Real Estate, serving the greater Philadelphia market. Prior to his association with SVN, Charles served in senior leadership roles for more than 20 years in the luxury retail industry. As an accomplished sales leader with a broad range of strategic growth skills, Charles is experienced with hands-on field operations including site selection, leasing, new store build-outs and relocations in various U.S. and Canadian markets. Charles currently resides in Bucks County with his wife and two children. EDUCATION The Pennsylvania State University BS Temple University, The Fox School MBA MEMBERSHIPS & AFFILIATIONS Bucks County Association of REALTORS Pennsylvania Association of REALTORS National Associations of REALTORS VALUE ADD RETAIL INVESTMENT OPPORTUNITY 4350-4354 NEW FALLS ROAD LEVITTOWN, PA 19056 SVN Ahia Commercial Real Estate Page 21

Advisor Bio Chichi E. Ahia CHICHI E. AHIA Executive Director/ Principal 2050 Cabot Blvd. W, Suite 102 Langhorne, PA 19047 T 215.757.2500 x101 C 267.981.9110 chichi.ahia@svn.com 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 2017. 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, DE, MD VALUE ADD RETAIL INVESTMENT OPPORTUNITY 4350-4354 NEW FALLS ROAD LEVITTOWN, PA 19056 SVN Ahia Commercial Real Estate Page 22

Disclaimer The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of the SVN Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property. The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor. Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. This Offering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner. The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property. This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVN Advisor from any liability with respect thereto. To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk. VALUE ADD RETAIL INVESTMENT OPPORTUNITY 4350-4354 NEW FALLS ROAD LEVITTOWN, PA 19056 SVN Ahia Commercial Real Estate Page 23