RETAIL LEASING PACKAGE - The Village at Meridian

RETA IL LEASING PACK AGE

3597 E Monarch Sky Lane, Suite 225, Meridian, ID 83646

INTRODUCTION

Located in the center of the most populous area in the state (with a MSA of 645,125 people at the most traveled intersection of the state (exceeding 90,000+ cars daily*).

Regional trade area is over 1 million people, as demonstrated on the next page

Draws from the full Treasure Valley MSA labor force of over 277,000 employees with an immediate workforce population of over 45,000 employees **.

The Village at Meridian is Idaho's premier shopping, dining and entertainment destination. The project represents one of the most significant commercial projects ever developed in the northwest, offering visitors from

well beyond Treasure Valley an experience not available in the region.

Nestled at the base of the most affluent planned residential communities including 107,049 people in 37,197 households with an average household income of $87,397 within our immediate trade area **.

Serving a vibrant, educated and cultured community who enjoy the area's recreational amenities such as skiing, 130 miles of hiking trails and 25 miles of pathways linking 850 acres of parks.

Meridian Idaho was voted as the #1 best city to live in the USA as reported by 24/7 Wall Street in 2015. 3.4% Unemployment rate, well below national average of 6.2 at the time of the survey. Jobs are being added to the local economy faster than in most of the US. Job growth rate of 7.4%, seven times USA average of 1.8%. Over the past 5 years through 2014 the city's population growth rate was 28%, four times the national population growth of 6.5%. Astonishing low crime rate of just 80 violent crimes per 100,000. Average is 366 per 100,000.

* Site 1: Counts compiled by ACHD from traffic data collected by ACHD and ITD.AM Peak is 7:00 ? 8:00 and PM Peak is 5:00 ? 6:00. ** Site 2: Demographic Source: Applied Geographic Solutions / TIGER Geography, Sites USA, Chandler, AZ

REGIONAL TRADE AREA

SEATTLE

WA S H I N G T O N

82

MONTANA

WASHINGTON

PORTLAND

Driving distan4c2e1toMPoilretlasnd via I-84

5

OREGON

15

THE VILLAGE AT MERIDIAN

IDAHO

BOISE

T R A DE A RCEALAIFBOy BRlNocIkAGroups

Immediate

10 MIN DRIVE

Population

107,049

*Defined by MSA. Polygon not shown on map.

N E VA D A

Primary

T.V. MSA

Regional

645,125* 1,033,852

84

Driving distance3to48SaMlt Lilaekse City via I-84

UTAH

80

SALT LAKE CITY

DEMOGRAPHIC SUMMARY

T R A DE A R E A By Block Groups

Immediate

10 MIN DRIVE

Population

107,049

Projected Annual Change (2013?2018)

5,652

Households

37,197

Median Age (Years)

35.1

Primary

T.V. MSA

645,125* 28,500 211,547

34.6

Regional

1,033,852 41,650

383,330 35.2

Average Household Income Median Household Income Household Income $75,000+ Any College + White Collar

$87,397 $69,532

43.6% 74.7% 71.0%

DAYTIME DEMOGRAPHICS

Population

Population Growth (2010?2013)

Unemployment Rate

45,376 +68.9%

3.9%

$65,927 $54,681

30.3% 65.2% 63.2%

$62,839 $52,045

28.6% 60.3% 59.0%

277,820 +30.3%

4.3%

471,449 +22.2%

3.8%

Demographic Source: Applied Geographic Solutions/TIGER Geography ?, Sites USA *Defined by MSA. Polygon not shown on map.

In 2010-2011 the daytime population experienced intense growth, with the immediate trade area increasing by

an unheard of 68.9%.

MIDDLETON

84

CALDWELL

Treasure Valley Marketplace NAMPA

STAR

44

EAGLE

THE VILLAGE AT MERIDIAN

Eagle Rd

MERIDIAN

Fairview Ave

Nampa

84

Gateway

Center

TRADE KEY AREA

Immediate Trade Area 10 MIN DRIVE

AV ER AGE HOUSEHOL D INCOME By Block Groups

$75,000 or more

$60,000 to $75,000

$45,000 to $60,000

$30,000 to $45,000

Less than $30,000

69

KUNA

Boise Towne Square

BODO BOISE

BOI AIRPORT

84

LOCAL HIGH SCHOOLS

HIGH SCHOOL ENROLLMENT

Enrollment Count

1 Mountain View High 2 Rocky Mountain High

2,139 2,103

3 Meridian High 4 Centennial High School

1,881 1,720

5 Eagle High

1,656

6 Borah High School

1,564

7 Boise High School 8 Timberline High School

1,448 1,310

9 Capital High School 10 Renaissance High School

1,120 659

Driving Distance

3.0 5.3 3.6 3.1 8.6 6.4 9.2 11.8 5.2 2.7

H IGH SC HO OL ST U DE N T P OPU L AT ION Districts 1 & 2

Total Enrollment

14,600 (+/-)

Enrollment Counts: Online Research, numbers provided by School Districts. Driving Distance: Online Research, numbers provided by Google Maps.

5

EAGLE

2

3

TRADE KEY AREA

Immediate Trade Area 10 MIN DRIVE

AV ER AGE HIGH SCHOOL ENROLLMENT

2,000 + 1,500 + 1,000 + 500 +

4

MERIDIAN

9

THE VILLAGE AT MERIDIAN

184

6

84

1

KUNA

7 BOISE

8

84

BOI AIRPORT

DAYTIME POPULATION SUMMARY

LOCAL BUSINESSES Sorted by employee count

St Luke's Medical Center El Dorado Business Park Silverstone Business Park Meridian Joint School District Hewlett Packard DIRECTV

Immediate TA

10 MIN DRIVE

6,500 +/5,000 +/5,000 +/4,500 +/2,500 +/1,500 +/-

The Treasure Valley MSA has a labor force of over 277,000 employees with

over 45,000 employees within our immediate trade area.

Demographic Source: Applied Geographic Solutions/TIGER Geography ? Sites USA, Chandler, AZ

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