LA MIRAGE SHOPPING CENTER 29555 Northwestern Hwy • Southfield, MI 48034

PRESENTED BY Simon Jonna Byron Kalia Executive Managing Director Investments Associate Senior Director - Net Leased Properties Group Net Leased Properties Group Tel: (248) 415-2625 Tel: (248) 415-3010 [email protected] [email protected] 1 Licenses: MI 6502378181, MI 6502381291 License: MI 6501291830 NON- ENDORSEMENT AND DISCLAIMER NOTICE

Confidentiality and Disclaimer The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.

Non-Endorsement Notice Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

LA MIRAGE SHOPPING CENTER Southfield, MI ACT ID ZAA0290156

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TABLE OF CONTENTS

SECTION

INVESTMENT OVERVIEW 01 Regional Map Local Map Aerial Photo

FINANCIAL ANALYSIS 02 Tenant Summary Lease Expiration Chart Operating Statement Notes Pricing Detail Proposal Price

MARKET OVERVIEW 03 Market Analysis Demographic Analysis

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INVESTMENT OVERVIEW

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REGIONAL MAP

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LOCAL MAP

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North Valley Offices Over 131,000 SF Over 187,000 People Wellington Place Offices Within Five Miles Radius Over 151,150 SF Bingham Office Park Jimmy Johns 1,218,000 SF

Medical Center Walgreens

Corporate Office McDonald’s Burger King

Franklin Place Offices Subject Site Over 204,600 SF

Medical Offices Over 127,127 SF 12 Mile Rd Over 27,000 Vehicles Per Day

Fountain Park Office Over 53,250 SF

Average Household Income Over $116,000 Within Five Miles

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PROPERTY PHOTO

Marcus & Millichap closes more transactions than any other brokerage firm.

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OFFERING SUMMARY INVESTMENT OVERVIEW The Jonna Group of Marcus & Millichap is pleased to exclusively present the sale of La Mirage Shopping Center located in Southfield, . This Guitar Center-anchored shopping center is 38,480 square feet sitting on 3 acres of land. It is strategically situated with excellent frontage on highly trafficked Northwestern Highway, just off of Inkster Road. Northwestern Highway is one of the busiest commercial streets in Michigan, where business and leisure traffic alike travel and have access to La Mirage Shopping Center daily. Guitar Center has been established at this plaza since 1999 and has had impressive sales performance ever since . Guitar Center recently extended their lease an additional 5 years with and additional (2) 5-Year options available, showing strong conviction for the site.

The subject property is located on the consistently busy north-south state trunkline highway that is home to a dense retail corridor in a dense retail trade area that sees over 150,000 vehicles traveling per day. Retailers in the immediate vicinity include Meijer, Lowes, Walgreens, CVS, Chase Bank, McDonalds, Burger King, Dunkin Donuts, Panera Bread The UPS Store, Family Dollar, along with impressive access to premier hotels, corporate offices and residential developments.

Southfield is a city in Oakland County of the US state of Michigan. It is a northern suburb of , MI. A part of 's upscale office market, the city's marque is a cluster of five golden known as the "Golden Triangle" that form the contemporary 2,200,000 square feet office complex with a Westin Hotel and a conference center. In addition, a 33-story luxury residential high-rise is separate from the complex. To the west, near the confluence of I-696/Reuther Freeway and M-10/Lodge Freeway, is the . Southfield is one of the main commercial and business centers for the metropolitan Detroit area, with over 27,000,000-square feet of office space, second in the Detroit metro area to only Detroit’s central business district.

INVESTMENT HIGHLIGHTS

▪ Prime Location | Heavily Trafficked Intersection | Northwestern Highway (M-10) & Inkster ▪ Roof Completely Replaced in 2017 | 10 Year Warranty ▪ Parking Lot Fully Resurfaced in 2017 | Ample Parking Available ▪ Eight (8) New HVAC Unites installed in Trailing Three (3) Years | Limited Warranty Available ▪ Traffic Counts Over 150,000 Vehicles Per Day | Busy Daytime Office Flow of Traffic ▪ Strong Affluent Market with Growing Demographics | Increasing Population Since 2010 ▪ 80,000 Households in 5-Mile Radius | Over 192,000 People in 5-Mile Radius ▪ High Average Household Income | Over $103,000 in 3-Mile Radius ▪ Dominant Retail Trade Corridor | Abundant National Retailers In Vicinity

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FINANCIAL ANALYSIS

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OFFERING SUMMARY EXECUTIVE SUMMARY VITAL DATA YEAR 1 YEAR 2 MAJOR EMPLOYERS Price $4,900,000 CAP Rate 9.65% 9.65% Net 100% / Down Payment Operating $473,015 $473,015 EMPLOYER # OF EMPLOYEES $4,900,000 Income Ic Group 8,858 Net Cash Eagle Ottawa Leather 4,203 BEAUMONT BOTSFORD OAKWOOD Flow After 9.46% / 3,517 Loan Type All Cash 9.46% / $463,685 HEAL Debt $463,685 Federal-Mogul Products Inc 2,600 Service Veoneer Inc 1,400 Gross Leasable Total 9.46% / 38,490 SF 9.46% / $463,685 Revstone Transportation LLC 1,300 Area (GLA) Return $463,685 Gale 1,232 Price/SF $127.31 Village Green Holding LLC 1,200 Current Occupancy 96.96% St Regis School 1,126 Year Built / 1979 / 2010 AC Services 1,000 Renovated Lot Size 3 acre(s) Ford 1,000 Wayne State Univ Physcn Group 950

DEMOGRAPHICS

1-Miles 3-Miles 5-Miles 2018 Estimate Pop 7,980 59,825 187,144 2010 Census Pop 7,719 57,956 181,725 2018 Estimate HH 3,704 26,506 77,651 2010 Census HH 3,575 25,604 75,157 Median HH Income $55,532 $71,930 $78,761 Per Capita Income $43,156 $48,263 $48,438 Average HH Income $92,959 $108,686 $116,325

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FINANCIAL ANALYSIS TENANT SUMMARY

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FINANCIAL ANALYSIS OPERATING STATEMENT

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FINANCIAL ANALYSIS PRICING DETAIL

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MARKET OVERVIEW

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MARKET OVERVIEW

• Guitar Center’s guitar sales over the past year have been the strongest observed in the company’s history • Total guitar market unit volume grew 7% from 2016-2017 and in retail value 8.8% • In a retail market of $1.3 billion, acoustic guitars make up about 56% ($740 million) and electric guitars the remaining 44% ($590 million) • Training and musical education is a priority for the stores, which it provides in a non- threatening, supportive environment with professional teachers recruited from the most prestigious music colleges • Guitar Center has operated for more than 50 years and with more than 280 stores Nationwide

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LOCATION OVERVIEW SOUTHFIELD MICHIGAN

The city of Southfield is not only Michigan's premier business address, but also one of the metro area's most desirable residential communities as well. Southfield offers a complete living community, featuring a nationally recognized public school system, 10 colleges and universities, and more than 700 acres of park land. Located in Oakland County, with easy access to most metro area expressways, Southfield offers both a cosmopolitan, culturally-diverse residential population of more than 71,000 residents and a thriving international business community. Southfield is home to more thank 9,000 business including more than 80 "Fortune 500" companies. The city's extensive infrastructure, access to a footprint of citywide fiber optics and central location are just a few of the many reasons why businesses choose Southfield. More than 350 high-technology, information-technology, and telecommunication firms have a corporate presence in Southfield, including AT&T, Verizon, Sprint, Comcast, LDMI, Level 3 Communications, and MCI. More than 90 software development companies also have a presence in the city, including the industry's largest: IBM, Microsoft, USG Corporation, Sun Microsystems, Cisco Systems, and many others. Other key high-tech industries represented in Southfield include major electronic media and satellite facilities such as Hughes Satellite, national affiliates ABC, CBS, FOX, The CW Television Network (Formerly WB Network) and Infinity Broadcasting, parent company of five metro-area radio stations. Healthcare and life science-based businesses also abound in Southfield, including Blue Cross/Blue Shield of Michigan, Blue Care Network, St John's Providence Hospital, Housey Pharmaceuticals, Lumigen and several others. Some of the world's leading research and development firms are also based in Southfield, including Lear Corporation (world headquarters), Denso International (North American headquarters), BASF, GE, Honda Research and Development America, Eaton Corporation, Sverdrup Technologies, Panasonic Automotive Electronics, Autolive Electronics-North America and many more. 17 LA MIRAGE SHOPPING CENTER

MARKET OVERVIEW DETROIT OVERVIEW

The Detroit metro is located in the southeastern portion of Michigan along the , which connects Lake St. Clair and Lake Erie. Across the Detroit River lies the city of Windsor, Ontario, which provides access to the Canadian market. The metro is a nearly 4,000- square-mile region composed of six counties: Wayne, Macomb, Lapeer, Oakland, St. Clair and Livingston. More than 4.3 million residents reside in the area and after years of declining population, the metro is adding residents again as employers and development expand. Wayne is the most populated county, followed by Oakland County. Detroit is the largest city with nearly 700,000 residents.

METRO HIGHLIGHTS

EMPLOYMENT GROWTH Job creation will remain strong, building on the 178,300 jobs added in the past five years. The largest gains are expected in construction and office-using sectors.

AUTO DESIGN AND MANUFACTURING The metro is home to the Big Three as well as two- thirds of the world’s automotive research and development firms.

DIVERSIFYING ECONOMY Increased entrepreneurial activity has created a knowledge-based economy, diversifying beyond manufacturing and the auto industry.

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MARKET OVERVIEW

ECONOMY ▪ Multiple Fortune 500 corporations are based in the metro, many of which are in the auto industry, such as General Motors Corp., Ford Motor Co. and FCA US LLC. Other companies include Autoliv, BorgWarner, DTE Energy, Ally Financial and Kelly Services. ▪ A growing knowledge-based economy is supplementing the manufacturing and automotive industries. The New Economy Initiative for provides support and networking for entrepreneurial activity. ▪ The economy is diversifying into the healthcare and technology sectors, attracting companies to the area. Tech companies work alongside the auto industry.

MAJOR AREA EMPLOYERS

General Motors Corp. Rock Ventures FCA US LLC DTE Energy Beaumont Health Henry Ford Health System St. John Providence Health System Ford Motor Co. Detroit Medical Center * Forecast Wayne State University

SHARE OF 2017 TOTAL EMPLOYMENT

12% 20% 9% 10% 6% MANUFACTURING PROFESSIONAL AND GOVERNMENT LEISURE AND HOSPITALITY FINANCIAL ACTIVITIES BUSINESS SERVICES

18% 4% + 16% 1% 4% TRADE, TRANSPORTATION CONSTRUCTION EDUCATION AND INFORMATION OTHER SERVICES AND UTILITIES HEALTH SERVICES

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MARKET OVERVIEW

DEMOGRAPHICS

▪ The metro is expected to add nearly 50,600 people through 2022, resulting in the formation of roughly 37,600 households and generating demand for housing. SPORTS ▪ Relatively affordable home prices produce a homeownership rate of 69 percent, which is above the national rate of 64 percent. ▪ Almost 29 percent of residents age 25 and older are bachelor’s degree holders and 11 percent also have earned a graduate or professional degree.

2017 Population by Age

6% 19% 6% 25% 29% 15% 0-4 YEARS 5-19 YEARS 20-24 YEARS 25-44 YEARS 45-64 YEARS 65+ YEARS EDUCATION

2017 2017 2017 2017 MEDIAN POPULATION: HOUSEHOLDS: MEDIAN AGE: HOUSEHOLD INCOME: 4.3M 1.7M 40.1 $57,000 Growth Growth U.S. Median: U.S. Median: 2017-2022*: 2017-2022*: 1.2% 2.2% 37.8 $56,300

QUALITY OF LIFE The Detroit region, birthplace of Motown and the mass-production automobile industry, offers all the benefits of living close to the Great Lakes but at a moderate cost. Revitalization has included sports facilities such as Comerica Park for the Tigers, Ford Field ARTS & ENTERTAINMENT for the Lions, and a new hockey arena for the Red Wings. Additionally, new entertainment and retail venues are reshaping . For culture buffs, the region is home of the Detroit Institute of Arts, the Detroit Historical Museum and the . Meanwhile, several universities and colleges are located nearby, including the University of Michigan, Wayne State University, University of Detroit Mercy and Lewis College of Business.

* Forecast Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s Analytics; U.S. Census Bureau

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DETROIT METRO AREA

Retail Construction Proliferating in Both Suburbs and Downtown Detroit Retail 2018 Outlook Retail deliveries reach a nine-year high in 2018. Suburban home-improvement and 1.3 million sq. ft. Construction: grocery stores are dominating construction. Menards will open stores in Taylor, A total of 1.3 million square feet will be Belleville and Lake Orion this year, accounting for over half of the metro’s deliveries. will be completed completed during 2018, up from 1.2 million Also, Kroger and Aldi are among the grocers expanding as retailers follow rooftops to square feet last year. Roughly 75 percent of growing and redeveloping communities. Metrowide, the population has increased by this year’s inventory is pre-leased. more than 9,300 people during the past 12 months, while the median household income set a new high, rising above $60,000 for the first time. These factors 10 basis point Vacancy: contributed to retail sales posting a 4.2 percent hike over the past four quarters, the Net absorption of more than 1.4 million largest year-over-year gain in nearly three years, which bodes well for the retail decrease in vacancy square feet compresses vacancy 10 basis sector. points to 6.5 percent in 2018. A 40-basis- point drop was posted last year. Mixed-use projects bringing additional retail to city core. In downtown Detroit, new Rents: and renovated apartment and condo projects are attracting residents back into the 3.0% increase in In 2018, the average asking rent will rise 3.0 city and generating the need for additional goods and services. Also, destination asking rents percent to $14.05 per square foot, 2 percent stores such as Nike and Shinola are drawing local retailers and shoppers back into below the 2008 peak. In 2017, a 5.0 percent the city. Renovated mixed-use buildings coming online this year, such as the David hike was registered. Stott building, will provide more ground-level retail space. New developments include The District Detroit’s Columbia Street, which opened in 2018 with 40,000 square feet of retail space and the second phase will provide nearly 70,000 square feet of retail inventory. Investment Trends • Recent store closures will provide redevelopment opportunities. Well-located suburban assets with plenty of parking will gain buyer attention. A number of these properties are being repurposed to accommodate non-traditional enterprises such as experiential or medical users. • A tight supply of single-tenant net-leased assets has some buyers considering strip centers with fewer than six tenants. During the last four quarters, these buildings traded at an average of $151 per square foot with an average cap rate of 8.3 percent. Newer properties with national tenants in prime locations can trade for more than $500 per square foot. • Waterford Township has reached a demolition agreement with the owners of the vacated Summit Place Mall. The shopping center is scheduled to be torn down by 2020, allowing the site to be redeveloped, which should improve surrounding valuations. * Cap rates trailing 12 months through 2Q18; 10-Year Treasury up to June 29. Sources: CoStar Group, Inc.; Real Capital Analytics

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DETROIT METRO AREA

2Q18 - 12-Month Trend

EMPLOYMENT CONSTRUCTION VACANCY RENTS

increase in total square feet basis point decrease increase in the 0.7% employment Y-O- 1.2 million completed 30 in vacancy Y-O-Y 3.1% average asking rent Y Y-O-Y Y-O-Y • Over the past four quarters, • Following the delivery of 1.4 • On the net absorption of more • Second quarter asking rent 14,100 workers were added to million square feet one year ago, than 1.6 million square feet, the climbed 3.1 percent to an payrolls, down from 37,900 one completions eased to 1.2 million vacancy rate contracted 30 average of $13.72 per square year earlier. The slower job square feet in the most recent 12 basis points to 6.6 percent year foot over the past 12 months, growth raised the June months. The majority of the over year, after a 70-basis-point after a 5.1 percent jump one unemployment rate 40 basis projects are build-to-suit, drop was registered 12 months year earlier. points to 4.4 percent, moving it lessening the impact on vacancy. earlier. • The average rent in multi-tenant above the U.S. level. • Home-improvement chain • Multi-tenant vacancy sits much properties declined 2.0 percent • The leisure and hospitality Menards accounts for more than higher due in part to vacated to $11.82 per square foot in the segment outperformed other half of the new inventory due to centers. The rate was 12.7 most recent four quarters. This is sectors, accounting for 10,600 be finalized in 2018 with the percent in the second quarter, down from a 4.1 percent gain new positions year over year. It opening of three stores. down 70 basis points since June one year earlier as older space has added 31,200 jobs in the 2017. is being marketed. past five years.

* Forecast

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DETROIT METRO AREA

Submarket Trends

Lowest Vacancy Rates 2Q18

Y-O-Y Asking Y-O-Y % Submarket Vacancy BasisPoint Rate Rent Change Change

Troy 2.4% -10 $19.98 -8.6%

Southfield 4.2% -10 $16.22 23.3%

* Forecast **2017-2022 Sales Trends 5.6% -300 $12.30 4.1% Tighter Supply of For-Sale Properties Inches Retail Prices Higher Macomb 5.6% -10 $13.40 6.9% • Multi-Tenant: After a surge in transactions last year, sales activity dropped in the last four quarters as fewer assets were available. The average price rose 4 percent to $172 Bloomfield 5.7% 30 $18.29 0.7% per square foot. • Single-Tenant: Strong demand inched the average price up 1 percent to $253 per Northern Outlying 5.7% -70 $11.57 -4.2% square foot year over year, while initial yields averaged 7.4 percent. Detroit/The Pointes 6.1% -100 $13.40 5.4%

Outlook: Ford’s redevelopment of the Livingston/W Oakland 6.4% 50 $14.71 -0.6% in the Corktown neighborhood should generate demand Royal Oak 6.8% 10 $16.66 15.4% for retail offerings and boost nearby values. West Wayne 7.7% 40 $11.87 -1.2%

North Oakland 11.8% -30 $14.11 4.1%

Overall Metro 6.6% -30 $13.72 3.1%

* Trailing 12 months through 2Q18 over previous time period. Pricing trend sources: CoStar Group, Inc.; Real Capital Analytics

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DETROIT METRO AREA

Capital Markets

• Fed raises benchmark rate, plans for additional increases. The Federal Reserve recently increased the federal funds rate by 25 basis points, lifting the overnight lending rate to 2 percent at the conclusion of its September meeting. The Fed noted inflation has broadly reached its target, while household spending and corporate investment remain robust. The Fed indicated an additional rate hike this year and projects as many as three increases in 2019.

• Lending costs rise alongside Fed rate increase. As the Fed lifts rates, lenders have been tightening margins to compete for loans. Despite these efforts, borrowing costs remain on an upward trajectory, which is tightening returns and pushing some investors to seek greater yields in secondary markets. However, though buyers may try to push back on pricing due to increased loan costs, some sellers remain convinced that the strong economy and sturdy NOI performance substantiate aggressive pricing and a widening expectation gap is the result. If interest rates rapidly surge upward, this gap could quickly widen, slowing transaction activity.

• The capital markets environment remains competitive. As the Fed tightens policy, global investors have been acquiring Treasurys in order to capture a considerable yield premium, keeping the 10-year Treasury near 3 percent. Portfolio lenders are providing debt for retail assets, with leverage typically capped at 60 to 65 percent. The sector has become increasingly nuanced, with deals more scrutinized due to e-commerce competition. Ten-year loan structures will range between 4.95 and 5.25 percent, depending on tenancy, location and sponsorship. Continued consumer spending underpins U.S. growth, supporting retail demand and driving a 10-basis-point decline in vacancy to 4.9 percent this year.

Through Sept. 26 Sources: CoStar Group, Inc.; Real Capital Analytics

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MARKETINGDEMOGRAPHICS TEAM Created on March 2019

POPULATION 1 Miles 3 Miles 5 Miles HOUSEHOLDS BY EXPENDITURE 1 Miles 3 Miles 5 Miles Total Average Household Retail ▪ 2023 Projection $67,106 $72,716 $77,682 Expenditure Total Population 8,077 60,384 186,959 ▪ Consumer Expenditure Top 10 ▪ 2018 Estimate Categories Total Population 7,980 59,825 187,144 Housing $16,227 $17,851 $18,775 ▪ 2010 Census Transportation $14,099 $15,271 $16,801 Total Population 7,719 57,956 181,725 Shelter $8,849 $9,610 $10,082 ▪ 2000 Census Food $7,132 $7,648 $8,139 Total Population 7,271 60,136 190,229 Personal Insurance and Pensions $5,818 $6,466 $7,214 ▪ Current Daytime Population Health Care $4,297 $5,199 $5,387 2018 Estimate 15,178 98,707 242,761 Utilities $3,849 $4,171 $4,354 HOUSEHOLDS 1 Miles 3 Miles 5 Miles Entertainment $2,899 $3,346 $3,589 ▪ 2023 Projection Apparel $1,812 $1,863 $2,030 Household Furnishings and $1,718 $2,034 $2,209 Total Households 3,761 26,955 78,079 Equipment ▪ 2018 Estimate POPULATION PROFILE 1 Miles 3 Miles 5 Miles Total Households 3,704 26,506 77,651 ▪ Population By Age Average (Mean) Household Size 2.17 2.25 2.38 2018 Estimate Total Population 7,980 59,825 187,144 ▪ 2010 Census Under 20 23.62% 21.43% 22.08% Total Households 3,575 25,604 75,157 20 to 34 Years 20.90% 15.93% 16.12% ▪ 2000 Census 35 to 39 Years 6.51% 5.17% 5.20% Total Households 3,265 26,082 76,708 40 to 49 Years 12.36% 12.05% 12.53% ▪ Occupied Units 50 to 64 Years 20.30% 22.57% 23.40% 2023 Projection 3,761 26,955 78,079 Age 65+ 16.33% 22.85% 20.66% 2018 Estimate 4,244 29,415 83,345 Median Age 39.20 46.65 45.72 HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles ▪ Population 25+ by Education Level ▪ 2018 Estimate 2018 Estimate Population Age 25+ 5,617 43,866 135,623 $150,000 or More 14.73% 19.12% 21.33% Elementary (0-8) 0.88% 1.20% 1.26% $100,000 - $149,000 12.53% 16.47% 17.66% Some High School (9-11) 2.80% 3.01% 3.63% $75,000 - $99,999 11.72% 12.85% 13.10% High School Graduate (12) 16.84% 15.89% 15.93% $50,000 - $74,999 14.79% 13.90% 14.88% Some College (13-15) 23.69% 20.52% 20.55% $35,000 - $49,999 14.49% 11.55% 10.65% Associate Degree Only 7.26% 7.08% 6.76% Under $35,000 31.73% 26.12% 22.37% Bachelors Degree Only 26.21% 27.85% 27.68% Average Household Income $92,959 $108,686 $116,325 Graduate Degree 21.47% 23.64% 23.49% Median Household Income $55,532 $71,930 $78,761 Per Capita Income $43,156 $48,263 $48,438

Source: © 2018 Experian

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MARKETINGDEMOGRAPHICS TEAM

Population Race and Ethnicity In 2018, the population in your selected geography is 187,144. The The current year racial makeup of your selected area is as follows: population has changed by -1.62% since 2000. It is estimated that 58.27% White, 30.72% Black, 0.02% Native American and 7.66% the population in your area will be 186,959.00 five years from now, Asian/Pacific Islander. Compare these to US averages which are: which represents a change of -0.10% from the current year. The 70.20% White, 12.89% Black, 0.19% Native American and 5.59% current population is 46.89% male and 53.11% female. The median Asian/Pacific Islander. People of Hispanic origin are counted age of the population in your area is 45.72, compare this to the US independently of race. average which is 37.95. The population density in your area is 2,377.87 people per square mile. People of Hispanic origin make up 1.86% of the current year population in your selected area. Compare this to the US average of 18.01%.

Households Housing There are currently 77,651 households in your selected geography. The median housing value in your area was $246,033 in 2018, The number of households has changed by 1.23% since 2000. It is compare this to the US average of $201,842. In 2000, there were estimated that the number of households in your area will be 78,079 55,230 owner occupied housing units in your area and there were five years from now, which represents a change of 0.55% from the 21,478 renter occupied housing units in your area. The median rent at current year. The average household size in your area is 2.38 persons. the time was $746.

Income Employment In 2018, the median household income for your selected geography is In 2018, there are 158,549 employees in your selected area, this is $78,761, compare this to the US average which is currently $58,754. also known as the daytime population. The 2000 Census revealed The median household income for your area has changed by 15.11% that 79.02% of employees are employed in white-collar occupations since 2000. It is estimated that the median household income in your in this geography, and 20.89% are employed in blue-collar area will be $93,076 five years from now, which represents a change occupations. In 2018, unemployment in this area is 3.28%. In 2000, of 18.18% from the current year. the average time traveled to work was 26.00 minutes.

The current year per capita income in your area is $48,438, compare this to the US average, which is $32,356. The current year average household income in your area is $116,325, compare this to the US average which is $84,609.

Source: © 2018 Experian

26 PRESENTED BY

Simon Jonna Byron Kalia Executive Managing Director Investments Associate Senior Director - National Retail Group Detroit Office Detroit Office Tel: (248) 415-3010 Tel: (248) 415-2625 Fax: (248) 415-2610 Fax: (248) 352-3813 [email protected] [email protected] License: MI 6501291830 License: MI 6502378181

www.TheJonnaGroup.com

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