NAPA PREMIUM OUTLETS® THE SIMON EXPERIENCE — WHERE BRANDS & COMMUNITIES COME TOGETHER More than real estate, we are a company of experiences. For our guests, we provide distinctive shopping, dining and entertainment. For our retailers, we offer the unique opportunity to thrive in the best retail real estate in the best markets. From new projects and redevelopments to acquisitions and mergers, we are continuously evaluating our portfolio to enhance the Simon experience - places where people choose to shop and retailers want to be. We deliver: SCALE Largest global owner of retail real estate including Malls, Simon Premium Outlets® and The Mills® QUALITY Iconic, irreplaceable properties in great locations INVESTMENT Active portfolio management increases productivity and returns GROWTH Core business and strategic acquisitions drive performance EXPERIENCE Decades of expertise in development, ownership, and management That’s the advantage of leasing with Simon. PROPERTY OVERVIEW NAPA PREMIUM OUTLETS® NAPA, CA MAJOR METROPOLITAN AREA SELECT TENANTS San Francisco: 50 miles south Ann Taylor Factory Store, Banana Republic Factory Store, Barneys New York Warehouse, Brooks Brothers Factory Store, Calvin Klein Company RETAIL Store, Coach, Cole Haan Outlet, Gap Factory Store, Gymboree Outlet, J.Crew Factory, LOFT Outlet, Max Studio, Michael Kors Outlet, Polo GLA (sq. ft.) 179,000; 50 stores Ralph Lauren Factory Store, Talbots, Tommy Hilfiger Company Store, TSE Cashmere OPENING DATES TOURISM / TRAFFIC Opened November 1994 Expanded 2002 Over 4.5 million people per year are drawn to the Napa Valley region to vacation in the vineyards and enjoy the sumptuous restaurants and elegant spas. Highway 29: 52,000 ADT. PARKING RATIO NAPA PREMIUM OUTLETS 5.22:1 LOCATION / DIRECTIONS NAPA, CA California SR 29 and First Street in the heart of Napa Valley’s renowned RADIUS POPULATION “wine country,” 40 minutes north of San Francisco, California. 15 mile population: 340,465 30 mile population: 1,892,294 ­­— From San Francisco: Hwy. 101 to Hwy. 37E to Hwy. 121N toward 45 mile population: 4,527,938 Sonoma. Continue on 121N toward Napa/First Street turnoff. Left turn over freeway to traffic signal. Turn left onto Freeway Drive, then right into Napa Premium Outlets. AVERAGE HH INCOME 30 mile average: $92,112 Information accurate as of 5/1/15. Sources: SPG Research; trade area demographic information per Pitney Bowes MapInfo (2014). SITE AND PLAN LAUREL ST. KILBURN AVE. FREEWAY DR. SR 29 NORTH KILBURN AVE. FREEWAY DR. SR 29 SURROUNDING AREA CENTERS Lucerne Spring Valley Grimes Olivehurst Lakeport Clearlake Oaks College City Arbuckle oonville Soda Bay Plumas Lake Wheatland Sheridan Hopland Kelseyville SURROUNDING AREA CENTERS Clearlake Rio Oso Clearlake Riviera 45 MILES East Nicolaus Simon Centers Lower Lake Trowbridge Nicolaus Dunnigan Lincoln Competition Robbins Cobb Guinda Rocklin Lo 1 Napa Premium Outlets® Cloverdale Hidden Valley Lake Knights Landing 2 Bay Street Emeryville Roseville G Middletown Yolo 3 Bayfair Center 30 MILES Elverta h Geyserville Antelope Esparto Rio Linda Citrus He 4 Blackhawk Plaza Foothill FarmsOrangev Madison Woodland 5 Broadway Plaza McClellan Park Monument Hills Fair Oaks 6 Coddingtown Mall Gold Rive Healdsburg Carmichael 7 Embarcadero Center Calistoga Angwin R Davis West Sacramento La Riviera 8 Hilltop Mall Timber Cove Windsor University of California Mather 9 The Mall at Northgate Cazadero Deer Park Winters Davis Fruitridge Pocket Guerneville St Helena 15 MILES 10 Marina Square Center Forestville Fulton Parkway Florin Vineyard Jenner Monte Rio Rutherford 11 Montgomery Village 6 Dixon Freeport 6Santa Rosa Moskowite Corner Graton 13 1111 Oakville Allendale 12 Petaluma Village Premium Outlets Roseland Hartley Clarksburg Wilto 14 Kenwood Elk Grove Sereno del Mar Occidental Yountville 13 San Francisco Premium Outlets Sebastopol Carmet Vacaville Franklin Bodega Glen Ellen 2423 Hood 14 Santa Rosa Plaza Rohnert Park Silverado Resort Elmira Salmon Creek Valley Ford Cotati Eldridge Courtland 15 Serramonte Center Boyes Hot Springs Napa Bodega Bay Penngrove 16 Solano Town Center Sonoma Napa Herald 1 Green Valley Dillon Beach Galt 17 Somersville Towne Center 12 Temelec 15 Tomales 12Petaluma 16Suisun City Walnut Grove 18 Southland Mall Collierville 19 Stoneridge Mall Rio Vista American Canyon Acampo 20 Stonestown Galleria Isleton Woodbridge Vic 21 The Streets of Brentwood Black Point-Green Point Terminous Vallejo 22 Sunvalley Mall Point Reyes Station Lodi Novato Benicia Inverness Nicasio Crockett 23 Town Center Corte Madera Lucas Valley-Marinwood Port Costa Bay Point Morada Lagunitas-Forest Knolls Bethel Island 24 Vacaville Premium Outlets Rodeo Clyde Pittsburg San Geronimo San9 Anselmo Bayview 16 Lincoln Village 9 Pacheco Concord 17 Oakley 25 The Village at Corte Madera Fairfax 8 Antioch Stockton August G Ross Rollingwood8 Alhambra Valley21 Knightsen 22 Country Club 26 Westfield Metreon East Richmond Heights Brentwood Kennedy Bolinas Larkspur25 2021 2224 Contra Costa Centre 27 Westfield San Francisco Centre 23 Tiburon Kensington Discovery Bay Taft Mosswood Stinson Beach Alto Acalanes Ridge North Gate Saranap5 Strawberry Oakland French Camp Muir Beach Castle HillAlamo Byron Emeryville Sausalito Moraga Diablo Blackhawk 22Piedmont Lathrop Danville 7 Manteca 7 Camino44 Tassajara 272625 Alameda Mountain House San Francisco 26 Norris Canyon Castro Valley 1920 10 San Ramon Tracy Daly City Brisbane Dublin Ashland33 Fairview 1819 13Livermore BroadmoorColma Cherryland 1415 Pleasanton South San Francisco 1718 San Bruno Hayward Millbrae Union City Sunol Gr Hillsborough Montara Fremont West Highlands-BaywoodPark Newark OTHER RETAIL SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME Westfield Solano Mall 1,035,000 sf JCPenney, Macy’s, Sears 21 miles / 25 minutes Fairfield, CA Santa Rosa Plaza® 693,000 sf Macy’s, Sears 42 miles / 50 minutes Santa Rosa, CA Coddingtown Mall Macy’s, JCPenney, Target, 823,000 sf 45 miles / 55 minutes Santa Rosa, CA Nordstrom Rack (Fall 2016) Town Center Corte Madera 375,000 sf Lifestyle Center 55 miles / 1 hour 5 minutes Corte Madera, CA The Village at Corte Madera 428,000 sf Macy’s, Nordstrom 55 miles / 1 hour 5 minutes Corte Madera, CA OUTLET SHOPPING GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME Petaluma Village Premium Outlets® 196,000 sf Saks Fifth Avenue OFF 5TH 26 miles / 41 minutes Petaluma, CA Vacaville Premium Outlets® 440,000 sf 30 miles / 40 minutes Vacaville, CA San Francisco Premium Outlets® 512,000 sf Neiman Marcus Last Call, Phase 2 Opening August 2015 185,000 sf Saks Fifth Avenue OFF 5TH, 64 miles / 1 hour 12 minutes Livermore, CA Bloomingdale’s - The Outlet Store Great Mall® Neiman Marcus Last Call, 1,366,000 sf 85 miles / 1 hour 45 minutes Milpitas, CA Saks Fifth Avenue OFF 5TH 60 Columbia Road Building B 3rd Floor Morristown, NJ 07960 (973) 228-6111 premiumoutlets.com Simon is a global leader in retail real estate ownership, management and development and an S&P 100 company (Simon Property Group, NYSE:SPG)..