Asheville Outlets Leasing Book

ASHEVILLE NORTH CAROLINA 1.4 MILLION 11.1 MILLION RESIDENTS VISITORS Live within 50 Annual visitors miles of the site to Asheville region I-26 4 MILES LOCATION Close proximity to North Carolina’s #1 Excellent regional tourist destination: access and ideal Biltmore Estate location at exit for one of the region’s primary entrances to the Blue Ridge Parkway Features many of the nation’s most popular brands: • Ann Taylor Factory • Nike Factory Store • Banana Republic Factory • Old Navy Outlet • Brooks Brothers Factory Store • Pandora • Coach • RH Outlet • Cole Haan Outlet • Tommy Hilfiger • Crate & Barrel Outlet • Under Armour • GAP Factory • Vera Bradley Factory Outlet Store • J. Crew Factory • vineyard vines OUTLET • Mitchell Gold + Bob Williams • west elm OUTLET 2 ASHEVILLE OUTLETS ASHEVILLE, NORTH CAROLINA Home Furnishings OPPORTUNITY Asheville Outlets is greater Asheville’s premier shopping destination, situated amongst a thriving art, music, and food scene, all set against a glorious Blue Ridge Mountain backdrop. Shoppers will find many of the most popular names in the outlet industry, including Abercrombie & Fitch Outlet, Ann Taylor Factory, Banana Republic Factory, Brooks Brothers Factory Store, Coach, Cole Haan Outlet, Crate & Barrel Outlet, GAP Factory, J. Crew Factory, Mitchell Gold + Bob Williams Home Furnishings, Nike Factory Store, Old Navy Outlet, Pandora, RH Outlet, Tommy Hilfiger, Under Armour Factory House, Vera Bradley Factory Outlet Store, vineyard vines OUTLET, and west elm OUTLET. With no other outlet center within 80 miles, the retailers at Asheville Outlets are thriving from the strong residential and tourism markets. Asheville is the regional and economic hub for western North Carolina, with a strong and growing visitor market. Approximately 11.1 million people visit the Asheville region each year, of whom 3.9 million stay overnight. Ideally located five miles southwest of downtown Asheville at the I-26 and Route 191 interchange, Asheville Outlets has excellent regional access. ASHEVILLE OUTLETS ASHEVILLE, NORTH CAROLINA 3 LOCATION Asheville is a thriving TENNESSEE Johnson City NORTH CAROLINA 81 77 mountain city 26 Winston-Salem Greensboro 85 Asheville has an eclectic downtown, including art Knoxville High Point 40 galleries, a world-class culinary and craft beer scene, Raleigh 40 a burgeoning live music scene, and the awe-inspiring 85 scenery of the Blue Ridge Mountains. This unique city has earned national acclaim by dozens of media outlets 74 and publications as an ideal place to live, visit, and do business. Charlotte 26 Fayetteville Greenville GEORGIA 85 77 SOUTH CAROLINA NORTH CAROLINA TIED FOR Gainesville 95 NO. 1 IN SITE SELECTION 20 Columbia MAGAZINE’S TOP BUSINESS Athens Atlanta CLIMATES RANKINGS “Bizjournals.com ■ November 2020 ACCESS / EGRESS THE TOP 15 CITIES IN I-# Asheville Outlets benefits from excellent regional access with its location on I-26, which connects Asheville Outlets THE UNITED STATES” with downtown Asheville, its affluent northern suburbs and dozens of gated golf communities located in the nearby Travel + Leisure MAJOR MAJOR mountains. Major highways and arterials providing access World’s Best Awards ■ July 2020 INTERSTATES PARKWAY to the site are I-26, I-40 and I-240, as well as the Blue I-26, I-40, & I-240 Blue Ridge Parkway Ridge Parkway. “4 ASHEVILLE OUTLETS ASHEVILLE, NORTH CAROLINA EXIT 33 80,500 CARS One of the region’s Average daily BILTMORE ESTATE primary entrances to traffic on 26I- VINEYARDS the Blue Ridge Parkway 80,500 ADT EXIT 33 26 28,000 ADT 191 BREVARD ROAD RIDGEFIELD BLVD BLUE RIDGE PARKWAY ENTRANCE N ASHEVILLE OUTLETS ASHEVILLE, NORTH CAROLINA 5 With the nearest outlet mall 80 miles away, there is currently no outlet competition in the Asheville market. Drive times to nearest outlet shopping in Tennessee or North Carolina: 2 hours; South Carolina: 90 minutes TENNESSEE Johnson City 81 TANGER® OUTLETS 75 BLOWING ROCK, NORTH CAROLINA 99 MILES AWAY Winston-Salem Greensboro TANGER® OUTLETS 26 77 SEVIERVILLE, TENNESSEE Knoxville High Point 91 MILES AWAY NORTH CAROLINA 40 85 40 74 CONCORD MILLS® CONCORD, NORTH CAROLINA 80 MILES 26 130 MILES AWAY Distance to Charlotte closest outlet GAFFNEY PREMIUM OUTLETS® center GAFFNEY, SOUTH CAROLINA CHARLOTTE PREMIUM OUTLETS® 80 MILES AWAY STEELE CREEK, NORTH CAROLINA 117 MILES AWAY Spartanburg GEORGIA Greenville 26 SOUTH CAROLINA 77 Gainsville 6 ASHEVILLE OUTLETS ASHEVILLE, NORTH CAROLINA COMPETITION The Omni University of Grove Park Inn North Carolina Asheville 25 Kimpton Hotel Arras Alo 240 70 Asheville Mall 26 74 Biltmore Village Grand Bohemian 40 Farmer’s Market 191 Biltmore Estate EXIT 33 ASHEVILLE Retail market BLUE RIDGE PARKWAY 191 Distance to full-price shopping centers 25 Asheville Outlets Mall Distance 26 is easily accessible to local and Asheville Mall 10.1 Miles regional visitors. Biltmore Village 7.2 Miles Biltmore Park Town Square 5.8 Miles The North Carolina Biltmore Park Arboretum Town Square ASHEVILLE OUTLETS ASHEVILLE, NORTH CAROLINA 7 DEMOGRAPHICS DEMOGRAPHIC ANALYSIS Population 10 Miles 20 Miles 40 Miles 50 Miles 60 Miles 2020 Estimated Population 207,794 412,434 708,522 1,361,530 2,229,733 2025 Projected Population 214,709 426,786 737,298 1,432,554 2,350,448 321 TENNESSEE 2020 Adj. Daytime Demographics 190,528 343,929 551,822 1,020,000 1,700,000 Johnson City NORTH CAROLINA Age 16 Years or Over 2020 Median Age 41.2 43.5 44.3 42.4 41.4 60 MILE 81 321 421 RADIUS Wilkesboro 50 MILE Income 26 RADIUS Knoxville 2020 Estimated Average $80,141 $76,138 $73,521 $73,191 $75,064 25 19 40 MILE 64 Household Income RADIUS 2020 Estimated Median $63,125 $60,588 $58,316 $57,715 $59,199 Hickory Household Income 40 20 MILE 40 RADIUS 441 Asheville 10 MILE 221 321 Households RADIUS 2020 Estimated Households 92,507 179,701 304,136 568,915 918,183 74 276 26 2025 Projected Households 97,365 188,392 317,195 594,859 958,968 74 Tryon Charlotte 64 Education (Age 25+) 25 26 2020 Estimated Some College 18.7% 20.2% 20.2% 20.4% 20.3% Spartanburg 2020 Estimated Associates 9.2% 10.1% 10.5% 10.2% 9.9% Degree Only Greenville SOUTH CAROLINA 2020 Estimated Bachelors 26.6% 23.6% 20.7% 18.5% 18.5% GEORGIA Degree Only 85 26 2020 Estimated Graduate Degree 16.4% 13.8% 12.6% 11.1% 11.4% Business 2020 Estimated Total Businesses 12,570 19,750 28,662 50,074 78,470 2020 Estimated Total Employees 112,680 179,660 261,859 498,535 875,745 8 ASHEVILLE OUTLETS ASHEVILLE, NORTH CAROLINA Sources: 8,000+ HOTEL ExploreAsheville.com ROOMS National Park Service Including Grove Park Inn, Biltmore Estate, The Asheville region has more than 50,000 Great Smoky Mountains National Park The AAA Four-Diamond Omni Grove Park Aloft, Hotel Indigo college students, attending such schools as has the highest visitation of any of the 59 Inn has over 300,000 annual visitors. and Grand Bohemian University of North Carolina, Asheville national parks — with more than twice the and Western Carolina University. number of visitors as the Grand Canyon, the second most visited national park. 2.12 MILLION ROOMS Hotel room nights 11.1 MILLION 1 MILLION booked in 2019 VISITORS VISITORS Outstanding scenery and recreational Biltmore Estate has over 1 million Of the 11.1 million Annual visitors to opportunities make the Blue Ridge annual visitors and ranks as a top- annual visitors to the Biltmore Estate, Parkway one of the most popular rated tourist attraction in North Carolina. the Asheville America’s most sections of the National Park System. region, 3.9 million visited winery stay overnight 529 NEW HOTEL ROOMS 5 hotels opened in 2020 15 MILLION $2 BILLION Annual spending Travel + Leisure placed Asheville on its 2020 VISITORS by visitors to list of “The 15 Best Cities in the United States.” Annual visitors Asheville region to nearby Blue Ridge Parkway This data is from 2019. TOURISM ASHEVILLE OUTLETS ASHEVILLE, NORTH CAROLINA 9 75 PARK PLAZA, BOSTON, MASSACHUSETTS 02116 [email protected] ■ 617.965.8700 ■ NEDEVELOPMENT.COM 4.15.21.

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