This two tenant retail building is situated along 2nd Street Pike (Route 232) at its intersection with Keystone Road in Southampton, Lower Bucks County, Pennsylvania. Adjacent to the subject property is Southampton Shopping Center anchored by Giant with Tuesday Morning as a junior anchor. Next to Southampton Shopping Center is a smaller center, Hampton Square, with Rite Aid Pharmacy and Retro Fitness. Another retail strip center, Redwood Village, is located south of the property close to Interstate 276 (Pennsylvania Turnpike). Redwood is leased by a number of local tenants. Situated along 2nd Street Pike (Route 232) are a number of retail, industrial and office uses. Just north of the site is Strahman Lumber and Home Center. Credit retail tenants leasing space include Citizens Bank, McDonald's, Wells Fargo, Dunkin' Donuts, Bank of America, Starbucks, Wendy's, Taco Bell, and Jo-Ann Fabrics & Crafts.

Southampton, Pennsylvania is an unincorporated community in Pennsylvania, situated in the southeastern tip of Bucks County, approximately 18 miles north, from the center of Philadelphia. Bucks County, with its county seat in Doylestown, is the fourth most populous county in Pennsylvania (after Philadelphia, Allegheny, and Montgomery counties), and the 95th most populous county in the United States. Bucks County has experienced rapid growth in biotechnology, along with neighboring Montgomery County. The Greater Philadelphia area has become the second largest area of biotechnology in the United States, only behind Boston. It recently pushed San Francisco and Washington, D.C. to lower rankings. It is projected by 2020 that one out of four people in Bucks County will work in biotechnology.

Southern Bucks (referred to as Lower Bucks) is home to two important shopping centers - Neshaminy Mall and Oxford Valley Mall - and Sesame Place, a family theme park based on the Sesame Street television series. Also within Lower Bucks County is the newly constructed Parx Casino in Bensalem. The casino was built on the grounds of the Philadelphia Park Racetrack, a renowned horse-racing park. The complex includes the expansive casino, a dance club, and numerous dining options. The complex will soon include a shopping district, and about 1,200 housing units. Parx has proven to be a rival the casinos in nearby Atlantic City.

Marcus & Millichap is pleased to present this 7,500 square feet, two-tenant retail strip center occupied by CitiBank (Rated "A" by Standard & Poor's - CitiGroup) and TanTopia. The subject property is located on Second Street Pike, in Southampton, Pennsylvania. This two-tenant investment is an alternative to a single-tenant net lease asset, offering similar ease of management, with an added level of security through diversification. In addition, there is future opportunity to increase cash flow through rental increases and lease negotiation. Each tenant is subject to a double net lease, being responsible for reimbursement of real estate taxes, insurance and all CAM. Further, tenants are responsible to pay to owner an administration fee of all operating expenses (excluding taxes and insurance) with Citi Bank paying 3 percent and TanTopia paying 10 percent. The Landlord is solely responsible for roof, structure and parking lot, which are all in mint condition. CitiBank, occupying the majority of the center (70.54 percent), has been at this location since September 2007, and is due a rental increase of 12 percent in November 2012. If a buyer were to close prior to the rental increase, the Landlord will cover the shortfall in rent. TanTopia, occupying at this location since 2000, recently executed a 10 year extension of their lease. In doing so, they were provided a brand new 10 ton HVAC system wherein they are responsible for repair and replacement. This property is offered free and clear of debt.

Contact Agent for Full Offering Memorandum.