COLLIERS INTERNATIONAL P. 1FORMER MACY’S DEPARTMENT STORE, BENSALEM, PENNSYLVANIA | REDEVELOPMENT OPPORTUNITY
PROPERTY INFORMATION
CONTACT US:
TODD SUSSMANSENIOR VICE PRESIDENT+1 215 928 [email protected]
For Sale/Lease | 14 Acres REDEVELOPMENT OPPORTUNITY Former Macy’s
Department StoreBENSALEM, BUCKS COUNTY, PENNSYLVANIA
COLLIERS INTERNATIONALTen Penn Center
1801 Market Street, Suite 500Philadelphia, PA 19103
+1 215 925 4600www.colliers.com/philadelphia
COLLIERS INTERNATIONAL P. 2FORMER MACY’S DEPARTMENT STORE, BENSALEM, PENNSYLVANIA | REDEVELOPMENT OPPORTUNITY
PROPERTY INFORMATION
Highlights• Former Macy’s Department Store 14 acre
site at Neshaminy Mall with over 90 retailers, restaurants and entertainment options
• Located in Bensalem Township, the largest municipality in Bucks County and the ninth largest in Pennsylvania, with a total population of 60,427
• Zoned for multiple uses including: Mixed-Use, Retail, Office
• Located just minutes from downtown Philadelphia at one of the busiest intersections on the PA Turnpike (I-276)
• Readily accessible with I-95, Pennsylvania Turnpike (I-276), and PA Route 1, which sees a traffic count of 76,000 cars a day
• Served by two SEPTA Regional Rail lines
• Amtrak’s Keystone Service and Northeast Regional services along the Northeast Corridor and has a park-and-ride with access from I-95
• CSX Transportation’s Trenton Subdivision freight railroad line runs through the northern portion of the township
• Points of interest include: Parx Casino; Sesame Place; Tyler State Park; TD Bank Amphitheater; Core Creek Park; Brunswick Zone Bowling; Churchville Nature Center; The Brownsville Antique Center; Neshaminy State Park; and many more
• 30 minutes to Center City Philadelphia; Universities; Sports Complex and Arts District; 35 minutes to Philadelphia International Airport; one hour to New Jersey beaches
• Hospitals nearby include: Holy Redeemer Health Care; Aria Jefferson Health and Rothman Orthopaedic Hospital
• Surrounding stores and restaurants include: Longhorne Steakhouse, Uno Pizzeria & Grill; On the Border Mexican Grill; CVS; Target; Home Depot; AMC Neshaminy Movies; Boscovs; DMV PA Driver License Center; Ultrazone Laser Tag; LA Fitness; Haircuttery; Starbucks; Walmart; Red Robin; Cracker Barrel and many more
COLLIERS INTERNATIONAL P. 3FORMER MACY’S DEPARTMENT STORE, BENSALEM, PENNSYLVANIA | REDEVELOPMENT OPPORTUNITY
PROPERTY INFORMATION
Neshaminy Mall provides residents with access to over 90 retailers, restaurants and entertainment options. Located just minutes from downtown Philadelphia at one of the busiest intersections on the PA Turnpike (I-276), this retail property is easily accessible from Interstate 95 and PA Route 1, which sees a traffic count of 76,000 cars a day.
Anchor stores of Boscov’s and Sears join a great mix of specialty retailers including Barnes & Noble, Hollister Co., H&M, Aéropostale, The Children’s Place, Express and Victoria’s Secret. Ranked as one of the top 30 theaters in North America, AMC Neshaminy 24 is one of the largest cinemas in the area, and the two popular dining options on site, On the Border and Pizzeria Uno, make this an outstanding tourist destination.
Key Tenants
Neshaminy Mall
COLLIERS INTERNATIONAL P. 4FORMER MACY’S DEPARTMENT STORE, BENSALEM, PENNSYLVANIA | REDEVELOPMENT OPPORTUNITY
PROPERTY INFORMATION
Aerial View
132
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COLLIERS INTERNATIONAL P. 5FORMER MACY’S DEPARTMENT STORE, BENSALEM, PENNSYLVANIA | REDEVELOPMENT OPPORTUNITY
PROPERTY INFORMATION
Copyright © 2012 Colliers International
Source: Esri, DigitalGlobe, GeoEye, Earthstar Geographics, CNES/Airbus DS, USDA, USGS, AEX, Getmapping, Aerogrid, IGN, IGP, swisstopo, and the GIS User Community
0.5
Miles
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132
US 1
87,75
7 ADT
I-276 92,804 ADT
Neshaminy Mall
513
Neighboring Retail
COLLIERS INTERNATIONAL P. 6FORMER MACY’S DEPARTMENT STORE, BENSALEM, PENNSYLVANIA | REDEVELOPMENT OPPORTUNITY
PROPERTY INFORMATION
Copyright © 2012 Colliers International
Source: Esri, DigitalGlobe, GeoEye, Earthstar Geographics, CNES/Airbus DS, USDA, USGS, AEX, Getmapping, Aerogrid, IGN, IGP, swisstopo, and the GIS User Community
0.25
Miles
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Bristol Rd 12,167 ADT
Nesham
iny Blvd
13,434 ADT
Rockhill Rd 14,384 ADT
Old L
incoln
Hwy 1
3,787
ADT
Galloway Rd
132
US 1
87,75
7 ADT
I-276 92,804 ADT
Neighboring Retail-Broader View
COLLIERS INTERNATIONAL P. 7FORMER MACY’S DEPARTMENT STORE, BENSALEM, PENNSYLVANIA | REDEVELOPMENT OPPORTUNITY
PROPERTY INFORMATION
90,341population
19.5%with bachelor’s degree
42median age
80.4%white
7.8%asian
7.2%hispanic
6.2%black
2017 Trade Area Demographics
34,244households
$89,055average household income
16.9%households with income $75,000+
19.2%households with income $100,000+
$505,946average net worth
$268,541average home value
2017 Employee Density (Daytime Population)
34%Blue Collar
66%White Collar
47%Executive/Professional
44,372 TOTAL EMPLOYEES
Demographics - 3 Mile Radius*
*Source: Copyright 2017 Infogroup, Inc. All rights reserved. Esri Total Residential Population forecasts for 2017.
COLLIERS INTERNATIONAL P. 8FORMER MACY’S DEPARTMENT STORE, BENSALEM, PENNSYLVANIA | REDEVELOPMENT OPPORTUNITY
PROPERTY INFORMATION
257,884population
19.3%with bachelor’s degree
42median age
84%white
6.2%asian
5.3%hispanic
5.4%black
2017 Trade Area Demographics
97,753households
$88,175average household income
47.5%households with income $75,000+
31.1%households with income $100,000+
$296,353average home value
2017 Employee Density (Daytime Population)
20.2%Blue Collar
62.3%White Collar
22.5%Executive/Professional
137,370 TOTAL EMPLOYEES
Demographics - 5 Mile Radius*
*Source: Copyright 2017 Infogroup, Inc. All rights reserved. Esri Total Residential Population forecasts for 2017.
COLLIERS INTERNATIONAL P. 9FORMER MACY’S DEPARTMENT STORE, BENSALEM, PENNSYLVANIA | REDEVELOPMENT OPPORTUNITY
PROPERTY INFORMATION
Aerial View of Site
COLLIERS INTERNATIONAL P. 10FORMER MACY’S DEPARTMENT STORE, BENSALEM, PENNSYLVANIA | REDEVELOPMENT OPPORTUNITY
PROPERTY INFORMATION
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COLLIERS INTERNATIONAL P. 11FORMER MACY’S DEPARTMENT STORE, BENSALEM, PENNSYLVANIA | REDEVELOPMENT OPPORTUNITY
PROPERTY INFORMATION
LEASE PLAN
DATE:
SHEET NO.
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PROJECT NO:DRAWN BY:
COPYRIGHT: GGP Inc.
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Leasing Plan
COLLIERS INTERNATIONAL P. 12FORMER MACY’S DEPARTMENT STORE, BENSALEM, PENNSYLVANIA | REDEVELOPMENT OPPORTUNITY
PROPERTY INFORMATION
TODD SUSSMANSENIOR VICE PRESIDENT+1 215 928 [email protected]
CONTACT
COLLIERS INTERNATIONAL
Ten Penn Center1801 Market StreetSuite 500Philadelphia, PA 19103
+1 215 925 4600
www.colliers.com/philadelphia
Materials contained in this document are confidential, furnished solely for the purpose of considering the “AS IS” acquisition of the former Macy’s Department Store (the“Property”) described herein and are not to be used for any other purpose or to be made available to any other person without the express written consent of Colliers International and Owner. No representations, expressed or implied are made as to the foregoing matters by Owner, Owner’s property management/ leasing agent, Colliers or any of their officers, employees, affiliates and/or agents.
