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

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Target Anchored Pad Sites Maple Street West of Ridge Road Wichita, KS 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 Data use subject to license. TN Scale 1 : 43,750 0 ¼ ½ ¾ 1 mi © 2007 DeLorme. Street Atlas USA® 2008 Plus. MN (4.7°E) km 0 ½ 1 1½ 2 www.delorme.com 1" = 3,645.8 ft Data Zoom 12-2 Market Overview 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 hos- pitals 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 ac- cess 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 desti- nation, 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.
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