Target Anchored Pad Sites Maple Street West of Ridge Road Wichita, KS

Presented By: InSite Real Estate Group

Parcel 4 Parcel 3 0.91 Acres 0.86 Acres

Real � SiteEstate � Group Aerial Photo

Parcel 4 Parcel 3 Parcel 2 .91 Acres .86 Acres SOLD!1.01 Acres

Real � SiteEstate � Group Project Summary

The site consists of (2) two retail/restaurant pad sites located in front of a new Target store situated near the intersection of Maple Street and Ridge Road in Wichita, KS.

Parcel 3 is 0.86 acres with 205 feet of frontage along Maple Street. Parcel 4 is 0.91 acres with 206 feet of frontage along Maple Street.

These parcels can be purchased separately or together. This is an excellent location for restaurant/retail uses with the advantage of being in an established and proven trade area with such well-known neighbors as: Target Wal-Mart Kohl’s Department Store Sam’s Wholesale Club Golden Corral I-Hop Lowe’s Home Improvement The Home Depot Circuit City OfficeMax Best Buy TJ Maxx Outback Steakhouse Carlos O’Kelly’s Mexican Cafe Office Depot Sheplers Western Wear Michael’s McDonald’s Texas Roadhouse Petco Burlington Coat Factory McAlister’s Deli and many more ... Towne West Square Mall, the largest shopping mall in west Wichita, is located on Maple Street approximately 2.5 miles east of the site. Towne West Square is anchored by Dillard’s, JCPenney, and Sears. The site is ideally located near several restaurants and directly west from Lowe’s Home Improve- ment Center. The Maple and Ridge Road intersection (44,923 cars/day) provides the primary access to the pad sites with additional traffic also coming from Kellogg (US-54) and Ridge Road (76,573 cars/day). These are some of the highest traffic counts in the entire metro area Many large employers are located within minutes from the site including: Employer Employees Cessna Aircraft Company 9,313 Bombardier Aerospace Lear Jet 3,474 JI Case Corporation 638 Vulcan Chemicals 570 IFR Systems 525 Wescon Products 440 Metal-Fab, Inc. 376 Precision Pattern, Inc. 332 Chance Industries 250 Real � SiteEstate � Group Project Information

Location: Maple Street West of Ridge Road Directly in front of Target (7575 W. Maple) Wichita, Kansas, 67209

Site Area: Parcel 2 - 0.86 Acres (approx. 205’ x 192’) Parcel 3 - 0.91 Acres (approx. 206’ x 192’) Total - 1.77 Acres (approx. 411’ x 192)

Real Estate Taxes: Parcel 3 - Key # D 59253 General - $3,627.91 Special - $ 0.00 Total - $3,627.91

Parcel 4 - Key # D59254 General - $3,844.65 Special - $ 0.00 Total - $3,844.65

Utilities: All utilities available to the sites.

Topography: Level

Traffic Counts: Maple & Ridge Intersection: 44,923 ADT Kellogg & Ridge Intersection: 76,573 ADT Maple Street 22,938 ADT

Zoning: “LC” Limited Commercial (CUP)

Terms: Parcels can be combined or sold separately. Build-to-Suit also available

Contact Information: InSite Real Estate Group Curt Robertson Dan Unruh, CCIM 316-618-1100 Fax: 316-618-1140

Real � SiteEstate � Group Site Plan

Real � SiteEstate � Group Site Plan - Parcel 3

Real � SiteEstate � Group Site Plan - Parcel 4

Real � SiteEstate � Group Aerial Photo

TAFT ST. TAFT MAPLE STREET MAPLE Center

Maple Ridge Maple

KELLOGG (HWY-54) KELLOGG

RIDGE ROAD RIDGE Park

SITES Business

Real � SiteEstate � Group City Map

SITES

Real � SiteEstate � Group NeighborhoodStreet AtlasMap USA® 2008 Plus

SITES

Real � SiteEstate � Group

Wichita is the regional economic hub of south-central Kansas and northern Oklahoma. It provides financial, medical and business services to more than half a million people in the Wichita MSA alone. The Wichita Metropolitan Statistical Area (MSA) includes Sedgwick, Butler, Sumner and Harvey counties.

The largest city in the state, Wichita has a strong aerospace history and its workforce has the second highest concentration of manufacturing jobs and skilled labor in the United States. Sedgwick County alone contributes nearly 40% of the state’s manufacturing employment earnings. Some of the aviation manufacturers located in the Wichita area include Boeing, Cessna, Raytheon and Bombardier Wichita while hundreds of subcontractors and suppliers have found Wichita to be a strategic location for their business.

Wichita is a major regional health care center with three general hospitals, a veterans hospital, three rehabilitation hospitals, and two psychiatric hospitals and numerous specialty hospitals. Much of a 3 state region is served by health care providers in Wichita.

nd McConnell Air Force Base is home to the 22 Air Refueling Wing, the 931st Air Reserve Group and the Kansas Air National Guard’s 184th Refueling Wing.

Wichita is home to Wichita State University, Newman University, and Friends University, offering both a strong academic community and a large entry-level labor pool for area employers.

Many other large employers are also located in Wichita including: • Via Christi Regional Medical Center • Dillon’s Food Stores • Koch Industries (the second largest privately held company in the U.S.) • Wesley Medical Center • The Coleman Company • York International • Bank of America Recognized as one of the major mid-sized cities in the nation, Wichita has come a long way since its infant years as a trading post and cowtown. Today, Wichita is a dynamic community rich in culture, activity and opportunity and has won the national distinction of “All American City” three times.

Real � SiteEstate � Group Market Overview Cont.

In the center of the United States, Wichita is conveniently situated on Interstate 35, which connects to nearby Interstates 70 and 40. Interstate 135, U.S. 54 and numerous highway expansion projects also serve the area. The Wichita area is served by Mid Continent Airport, with 11 airlines serving 11 major non-stop destinations.

WEST WICHITA PROFILE:

Perhaps the fastest growing segment of the Wichita Metropolitan Area is west Wichita. In recent years, west Wichita has developed from a fragmented and dispersed bedroom community into a large, cosmopolitan area with a culture and identity very much its own. Sprawling residential communi- ties, quality private and public schools, a safe environment for raising children, and modern infrastructure has attracted people to the area in large quantities.

West Wichita is home to such large employers as Cessna Aircraft, Bom- bardier Aerospace Lear Jet, Chance Industries (one of the largest amuse- ment rides manufacturers in the world), Vulcan Materials, JI Case Corporation, and Sharpline Converting to name just a few. The convenient freeway system and access to Mid-Continent Airport make this area a very efficient place to do business.

Perhaps the greatest opportunities for development in west Wichita today are in the areas of retail and professional services. Due to the rapid growth in residential development, the area is considered under served by retailers and other services. New entrants into this market have experienced strong demand for their products. In fact some national chains indicate that their west Wichita stores are considered some of their better performers overall nationally.

MARKET OVERVIEW:

The trade area includes the following demographics:

1 mile 3 mile 5 mile Population: 6,417 58,787 147,384 Households: 2,694 24,052 58,620 Avg. HH Income: $62,733 $67,318 $68,728

Real � SiteEstate � Group Market Overview Cont. MARKET DRAW:

The Target Anchored pad sites are located in an established retail area that includes destination, convenience, and mall shopping attractions. The area around Towne West Square extending from West Street on the East to Interstate 235 on the West is fully developed and serves a large trade area. Towne West Square remains a popular destination for shopping, while the West Street corridor from Kellogg to Maple Street is a popular destination for lunch and dinner customers who live or work nearby. The closest regional mall competition is Towne East Square (approximately 10 miles East). The Dugan Power Center (approximately 0.5 mile West of the Target Anchored pad sites) contains many well-known retailers such as Wal-Mart, Kohl’s, OfficeMax, Best Buy, Circuit City, etc, further enhancing this established retail area.

NEIGHBORHOOD ANALYSIS:

The Target Anchored pad sites are located at the intersection of Ashley Park and Maple Street, within the city of Wichita, Kansas. Specifically, the pad sites are referred to by com- mon street address as 7500 W. Maple, Wichita, Kansas. Wichita is located in south central Kansas approximately 180 miles southwest of Kansas City and 130 miles north of Oklahoma City. The Wichita trade area consists of much of south central Kansas, western Kansas, and northern Oklahoma. Wichita has a population in excess of 346,000 people and nearly 600,000 in the MSA. Nearly 1 million people live within a 100-mile radius of Wichita.

As mentioned elsewhere in this package, the subject property is easily accessed from Kellogg (U.S. 54/400), Ridge Road, and Maple Street (a major east-west traffic arterial). The pad sites are easily accessed from the signalized intersection of Ashley Park and Maple Street. Directly to the west of the pad sites is a shopping center, The Shops at Ashley Park, whose Tenants include At The Beach Tanning Superstore, Bella Luz Gift Shop and Huntington Learning Center. Directly to the east of the pad sites is Lowe’s Home Improvement Center. This Lowe’s store consistently ranks in the top 10 nationally for highest revenue producing stores for the home improvement chain. Adjacent to Lowe’s are restaurants including, McAlister’s Deli, Outback Steakhouse, IHOP, Pizza Hut Italian Bistro and Carlos O’Kelly’s. For most of these establishments, their Maple & Ridge Road stores are their top producing locations within the region.

Real � SiteEstate � Group Demographics

Site Map Maple St and S Ridge Rd Prepared By: InSite Real Estate Group Latitude 37.6799 Wichita, KS 67209 June 5, 2008 Longitude -97.4259

Real � SiteEstate � Group

Executive Summary Prepared By: InSite Real Estate Group

Maple St and S Ridge Rd Maple St and S Ridge Rd Maple St and S Ridge Rd Wichita, KS 67209 Wichita, KS 67209 Wichita, KS 67209 Site Type: Radius Radius: 1.0 mile Radius: 3.0 mile Radius: 5.0 mile

2007 Population Total Population 6,417 58,908 147,580 Male Population 48.9% 49.0% 49.5% Female Population 51.1% 51.0% 50.5% Median Age 32.0 35.6 35.3

2007 Income Median HH Income $52,341 $57,646 $56,478 Per Capita Income $28,260 $27,484 $27,571 Average HH Income $62,733 $67,268 $68,692

2007 Households Total Households 2,694 24,111 58,715 Average Household Size 2.36 2.42 2.47 1990-2000 Annual Rate 0.25% 1.4% 1.54%

2007 Housing Owner Occupied Housing Units 40.4% 62.1% 63.3% Renter Occupied Housing Units 50.3% 29.4% 28.3% Vacant Housing Units 9.4% 8.6% 8.4%

Population 1990 Population 6,614 53,421 122,379 2000 Population 6,568 58,349 142,167 2007 Population 6,417 58,908 147,580 2012 Population 6,367 59,635 151,657 1990-2000 Annual Rate -0.07% 0.89% 1.51% 2000-2007 Annual Rate -0.32% 0.13% 0.52% 2007-2012 Annual Rate -0.16% 0.25% 0.55%

In the identiﬁed market area, the current year population is 147,580. In 2000, the Census count in the market area was 142,167. The rate of change since 2000 was 0.52 percent annually. The ﬁve-year projection for the population in the market area is 151,657, representing a change of 0.55 percent annually from 2007 to 2012. Currently, the population is 49.5 percent male and 50.5 percent female.

Households 1990 Households 2,654 20,579 48,382 2000 Households 2,721 23,643 56,364 2007 Households 2,694 24,111 58,715 2012 Households 2,689 24,513 60,407 1990-2000 Annual Rate 0.25% 1.4% 1.54% 2000-2007 Annual Rate -0.14% 0.27% 0.57% 2007-2012 Annual Rate -0.04% 0.33% 0.57%

The household count in this market area has changed from 56,364 in 2000 to 58,715 in the current year, a change of 0.57 percent annually. The ﬁve-year projection of households is 60,407, a change of 0.57 percent annually from the current year total. Average household size is currently 2.47, compared to 2.48 in the year 2000. The number of families in the current year is 38,331 in the market area.

Housing

Currently, 63.3 percent of the 64,123 housing units in the market area are owner occupied; 28.3 percent, renter occupied; and 8.4 percent are vacant. In 2000, there were 60,331 housing units— 63.1 percent owner occupied, 30.3 percent renter occupied and 6.6 percent vacant. The rate of change in housing units since 2000 is 0.84 percent. Median home value in the market area is $106,162, compared to a median home value of $192,285 for the U.S. In ﬁve years, median home value is projected to change by 2.91 percent annually to $122,509. From 2000 to the current year, median home value changed by 3.09 percent annually.

Real � SiteEstate � Group

Executive Summary Prepared By: InSite Real Estate Group

Maple St and S Ridge Rd Maple St and S Ridge Rd Maple St and S Ridge Rd Wichita, KS 67209 Wichita, KS 67209 Wichita, KS 67209 Site Type: Radius Radius: 1.0 mile Radius: 3.0 mile Radius: 5.0 mile Median Household Income 1990 Median HH Income $30,430 $34,184 $30,906 2000 Median HH Income $42,156 $46,091 $44,332 2007 Median HH Income $52,341 $57,646 $56,478 2012 Median HH Income $61,840 $66,845 $66,365 1990-2000 Annual Rate 3.31% 3.03% 3.67% 2000-2007 Annual Rate 3.03% 3.13% 3.4% 2007-2012 Annual Rate 3.39% 3.01% 3.28%

Per Capita Income 1990 Per Capita Income $15,010 $15,149 $14,390 2000 Per Capita Income $21,740 $21,604 $21,101 2007 Per Capita Income $28,260 $27,484 $27,571 2012 Per Capita Income $33,531 $32,593 $33,609 1990-2000 Annual Rate 3.77% 3.61% 3.9% 2000-2007 Annual Rate 3.68% 3.38% 3.76% 2007-2012 Annual Rate 3.48% 3.47% 4.04%

Average Household Income 1990 Average Household Income $35,307 $39,537 $35,961 2000 Average Household Income $49,455 $52,951 $52,343 2007 Average HH Income $62,733 $67,268 $68,692 2012 Average HH Income $74,043 $79,468 $83,703 1990-2000 Annual Rate 3.43% 2.96% 3.83% 2000-2007 Annual Rate 3.33% 3.36% 3.82% 2007-2012 Annual Rate 3.37% 3.39% 4.03%

Households by Income Current median household income is $56,478 in the market area, compared to $53,154 for all U.S. households. Median household income is projected to be $66,365 in ﬁve years. In 2000, median household income was $44,332, compared to $30,906 in 1990.

Current average household income is $68,692 in this market area, compared to $73,126 for all U.S. households. Average household income is projected to be $83,703 in ﬁve years. In 2000, average household income was $52,343, compared to $35,961 in 1990.

Current per capita income is $27,571 in the market area, compared to the U.S. per capita income of $27,916. The per capita income is projected to be $33,609 in ﬁve years. In 2000, the per capita income was $21,101, compared to $14,390 in 1990.

Population by Employment

Total Businesses 348 3,142 8,338 Total Employees 5,089 32,397 88,024

Currently, 94.5 percent of the civilian labor force in the identified market area is employed and 5.5 percent are unemployed. In comparison, 93.4 percent of the U.S. civilian labor force is employed, and 6.6 percent are unemployed. In five years the rate of employment in the market area will be 94.4 percent of the civilian labor force, and unemployment will be 5.6 percent. The percentage of the U.S. civilian labor force that will be employed in five years is 93.9 percent, and 6.1 percent will be unemployed. In 2000, 69.2 percent of the population aged 16 years or older in the market area participated in the labor force, and 0.2 percent were in the Armed Forces.

In the current year, the occupational distribution of the employed population is:

• 59.7 percent in white collar jobs (compared to 60.2 percent of U.S. employment) • 13.1 percent in service jobs (compared to 16.5 percent of U.S. employment) • 27.2 percent in blue collar jobs (compared to 23.3 percent of U.S. employment)

In 2000, 86.7 percent of the market area population drove alone to work, and 2.4 percent worked at home. The average travel time to work in 2000 was 19.0 minutes in the market area, compared to the U.S. average of 25.5 minutes.

Population by Education

In 2000, the educational attainment of the population aged 25 years or older in the market area was distributed as follows: Real � SiteEstate � Group • 13.6 percent had not earned a high school diploma (19.6 percent in the U.S.) • 30.5 percent were high school graduates only (28.6 percent in the U.S.) • 5.2 percent had completed an Associate degree (6.3 percent in the U.S.) • 18.4 percent had a Bachelor’s degree (15.5 percent in the U.S.) • 7.2 percent had earned a Master’s/Professional/Doctorate Degree (8.9 percent in the U.S.)