T H E SHOPPES AT CARLSBAD Carlsbad,

TABLE OF CONTENTS

PROPERTY DEMOGRAPHIC 07 OVERVIEW 19 INFORMATION

A RE A 11 LOCATION 21 HIGHLIGHTS

PROPERTY ABOUT US & 15 AERIAL 35 CONTACT

NOTABLE 17 RETAILERS 7 PROPERTY OVERVIEW

Going coastal

Situated at a prime location along the affluent coast, The Shoppes at Carlsbad is a dominant super-regional shopping destination in the Carlsbad and San Diego area. The attractive location coupled with the recent completion of a multimillion dollar renovation transformed The Shoppes at Carlsbad into a multi-faceted retail destination with an even broader appeal.

The redevelopment scope included creating a contemporary “restaurant row” of dining options, as well as adding in high-quality tenants that align with the region’s affluent demographics and represent an expanded range of retail concepts. The common areas were also updated, providing an assortment of modern amenities and creating a unique, water-themed children’s play area.

The renovation also included a complete cosmetic upgrade that incorporated beach-themed architectural elements, regional design touches, and local materials. The Shoppes at Carlsbad now has a fresh, natural look that echoes the city’s culture of relaxed coastal hospitality. 9 PROPERTY OVERVIEW THE SHOPPES AT CARLSBAD 11 LOCATION THE SHOPPES AT CARLSBAD

76

CAMP LANCASTER PENDLETON SANTA PALMDALE 16min Drive MARIA HESPERIA Santa Monica Mountains 110 San Gorgonio Mountain 405 76 10 10 5 60 SAN BERNARDINO 2 HRS RIVERSIDE LOS ANGELES 1hr 50min Drive FULLERTON 91 PALM 5 SPRINGS LONG 15 BEACH SANTA 78 ANA Mt. San Jacinto

PALM 78 NEWPORT DESERT THE SHOPPES 1 HR 215 AT CARLSBAD BEACH CARLSBAD 74 LAGUNA STATE BEACH BEACH 9min Drive

5 TEMECULA

30 MIN CARLSBAD SAN CLEMENTE Palomar Mountain 5 PALOMAR 3 MILES MOUNTAIN CAMP 1hr 15min Drive PENDLETON 76 16min Drive

THE SHOPPES AT CARLSBAD SHERATON CARLSBAD RESORT & SPA 12min Drive 5 MILES L EGOL A ND CARLSBAD CALIFORNIA 78 15min Drive

5

52 PA R K H YAT T 5 AVIARA RESORT EL CAJON 19min Drive 8 LA MESA OMNI LA COSTA SAN DIEGO RESORT & SPA 50min Drive 19min Drive SOUTH CARLSBAD STATE BEACH CAMPGROUND 14min Drive

10 MILES 13 LOCATION THE SHOPPES AT CARLSBAD

Location, location, location

The Shoppes at Carlsbad is strategically As a result, The Shoppes at Carlsbad has located to draw shoppers from the affluent and long served as a dominant retail center densely populated Southern California coast. for the area—a premier trade area that Conveniently situated at the intersection of Route spans over 500,000 people with average 78 and Interstate 5, the center enjoys exceptional household incomes of more than $105,000. exposure to more than 300,000 vehicles per day. It also boasts more than 100,000 daytime employees and remains the only property for more than 20 miles to offer its shoppers a combination of shopping, dining, fitness, and entertainment options.

Source: 2018 Business Intelligence & Strategy 15 PROPERTY AERIAL THE SHOPPES AT CARLSBAD

THE CHEESECAKE FACTORY

MACY’S

HIGHWAY 78

JCPENNEY

MARRON ROAD THE CHEESECAKE FACTORY

DAVE & BUSTER’S VICTORIA’S SECRET 24 HOUR FITNESS

LUCH A L IB R E YARD HOUSE GOURMET TACO SHOP REGAL CINEMAS

ISLANDS FINE BURGERS AND DRINKS ZARA WOKCANO

BITES + PINTS PIZZA AND TAPHOUSE

THE SHOPPES AT CARLSBAD AERIAL VIEW 17 NOTABLE RETAILERS THE SHOPPES AT CARLSBAD 19 DEMOGRAPHIC INFORMATION THE SHOPPES AT CARLSBAD

TRADE AREA

KEY TRADE AREA DEMOGRAPHICS

BASE COUNTS

2018 TOTAL POPULATION 513,961

5-YEAR PROJECTED POPULATION GROWTH 4.7%

2018 TOTAL HOUSEHOLDS 175,606

S C A MP E AFFLUENCE & EDUCATION L I PENDLETON M

5 PERCENT OF POPULATION WITH HHI OF $75,000+ 50%

2018 AVERAGE HOUSEHOLD INCOME $106,740

POPULATION 25+ WITH BACHELOR’S DEGREE OR HIGHER 39%

THE SHOPPES MEDIAN AGE 35 AT CARLSBAD

CARLSBAD STATE BEACH

LEGOLAND CALIFORNIA

SOUTH CARLSBAD S TAT E BE ACH CAMPGROUND AV ER AGE HOUSEHOLD INCOME

BELOW $50,000

$50,000 TO $75,000

$75,000 TO $100,000

$100,000 TO $150,000

OVER $150,000 Source: 2018 ESRI 21 AREA HIGHLIGHTS THE SHOPPES AT CARLSBAD

Vacation hotspot

Carlsbad has a thriving hospitality and tourism Gaslamp District, as well as numerous industry that employs more than 13,000 hotels and convention centers. Collectively individuals and welcomes over three million these attractions draw more than 34 visitors each year. The city is ideally situated as million visitors to the greater San Diego a year-round tourist destination, with seven region every year, generating $18.4 billion miles of pristine beaches and an annual for the local economy. average of more than 200 days of 70-degree temperatures and 263 days of sunshine.

Carlsbad is home to four world-class resorts 7 including the Omni La Costa Resort & Spa, the MILES OF Park Hyatt Aviara Resort, the Sheraton Carlsbad BEACHES Resort & Spa, and the Four Seasons Residence Club Aviara. The city also offers several tourist attractions, including LEGOLAND California, 4 WORLD-CLASS which is just five minutes from The Shoppes RESORTS at Carlsbad and draws more than 1.5 million visitors each year. 3.5M Just a short drive from The Shoppes at Carlsbad ANNUAL are San Diego’s Balboa Park, Safari Park, and VISITORS

Source: www.carlsbadlifeinaction.com 23 AREA HIGHLIGHTS THE SHOPPES AT CARLSBAD

Country club corridor

With more than 90 golf courses in a 40-mile radius, San Diego is one of the nation’s leading golf destinations. The Shoppes at Carlsbad is located within San Diego’s “Country Club Corridor,” encompassing seven premier golf resorts and country clubs within a 12-mile drive of the center.

These include both public courses and private resorts, such as the Aviara Golf Club, which was named one of the best resort golf courses in America by Golf Digest and Golf Magazine.

Source: www.carlsbadlifeinaction.com 25 AREA HIGHLIGHTS THE SHOPPES AT CARLSBAD

At home by the sea

The quality and character of Carlsbad’s real estate mirrors the hallmark relaxed elegance of Southern California lifestyle. From beachfront luxury to country club elegance, many beautiful homes in Carlsbad reflect the trade area’s affluent demographic. Within seven miles of The Shoppes at Carlsbad, over 50% of the homes are valued at $500,000 or higher, underscoring the strength of the local real estate market.

Source: 2018 ESRI 27 AREA HIGHLIGHTS THE SHOPPES AT CARLSBAD

Elite education

4 15 HIGH-RANKING COLLEGES AND SCHOOL DISTRICTS UNIVERSITIES SERVING THE WITHIN THE SAN DIEGO AREA SAN DIEGO AREA

11 PRESTIGIOUS PRIVATE SCHOOLS SERVING THE CARLSBAD AREA

Source: www.carlsbadlifeinaction.com 29 AREA HIGHLIGHTS THE SHOPPES AT CARLSBAD

Home of the brave

Carlsbad is home to Camp Pendleton, the primary West Coast base of the United States Marine Corps. Camp Pendleton’s daytime population exceeds 100,000. Moreover, the camp remains the last major undeveloped portion of California coastline south of Santa Barbara, making Carlsbad a unique respite of unspoiled natural beauty that continues to draw both residents and visitors.

Source: www.pendleton.marines.mil 31 AREA HIGHLIGHTS THE SHOPPES AT CARLSBAD

High-tech hub

Carlsbad is an important regional hub for both the life sciences and information and 300 TECHNOLOGY communications technology (ICT) industries. COMPANIES

In the fast-growing field of life sciences, which includes biomedical and genetic research, more than 70 companies call Carlsbad home, 8,500+ including leading global corporations like ICT JOBS Thermo Fisher Scientific, Genoptix, Inc., and Alphatec Spine. As a result, the area houses the second largest life sciences cluster in the U.S. and employs nearly 7,000 people.

Information technology is another significant economic driver for Carlsbad as it is the fastest growing industry in the area. Carlsbad’s growing ICT cluster spans nearly 300 companies and provides more than 8,500 local jobs.

Source: www.carlsbadlifeinaction.com 33 AREA HIGHLIGHTS THE SHOPPES AT CARLSBAD

An ambitious consumer environment

ACTION SPORTS MANUFACTURING Carlsbad is a leader in the action sports manufacturing sector, serving as headquarters for nearly 20 companies that produce equipment for surfing, skateboarding, snowboarding, wakeboarding, cycling, swimming, and exercising in addition to being the world’s capital for golf manufacturing.

CARLSBAD START-UPS CARLSBAD CRAFT BEER

Source: www.carlsbadlifeinaction.com COLIN MCMANAMON | LEASING REPRESENTATIVE 440.623.9991

[email protected]

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