The Studio

ELK GROVE

The Studio

ELK GROVE

·· Over·the·next·five·years,·Elk·Grove·is·projected·to·be·one·of·the··fastest growing cities in the U.S.

·· Luxury·movie·theatre

·· Future·resort & casino adjacent to the center·is·in·development

·· One·of·the·hottest real estate micro-markets·is·the·area·between·highways·5·and·99

·· Over·168,000 vehicles travel past the property daily·on·the·SH-99·and·93,000 vehicles·travel·past·the·I-5·daily

·· I-5/SH-99·connector·is·a·proposed·35·mile·route·that·runs·through·Elk·Grove,·El·Dorado·County·and·connects·I-5·to·Lake·Tahoe

ELK GROVE

About

The StudioMODESTO

ELDORADONATIONAL FOREST

STANISLAUSNATIONAL FOREST

STOCKTON

NAPA

OAKLAND

SAN JOSE

SAN FRANCISCO

SACRAMENTO

LAKE TAHOE

50

99

5

80

80

580

80

50

65

VINTAGE FAIRE MALL

ARDEN FAIR

FOLSOM PREMIUM OUTLETS

VACAVILLE PREMIUM OUTLETS

LIVERMORE PREMIUM OUTLETS

WESTFIELD GALLERIA AT ROSEVILLE

WEBERSTOWN MALL

DRIVE TIME (MIN) 45 30

AreaOverview

The Studio

ELK GROVEELK GROVE

PRIMARY TRADE AREA 10 MILE RADIUS

POPULATION 1,261,914 682,264

HOUSEHOLDS 436,430 246,559

MEDIAN AGE 34.2 33

AVG. HH INCOME $75,206 $95,838

HH INCOME > $75K 34.2% 42.1%

DAYTIME POPULATION 907,582 260,597

RACE & ETHNICITY Asian 26.5%

Hispanic 26.1%

White 37.5%

Demos

The Studio

CAPITAL SOUTHEAST CONNECTOR

ROSEVILLE

Vacaville Premium Outlets

FOLSOM

GRANITE BAY

SACRAMENTO

ELK GROVE

LODI

STOCKTON

MODESTOTRACYLIVERMORE

FAIRFIELD

ANTIOCH

WALNUT CREEK

GALT

RANCHO MURIETA

WEST SACRAMENTO

DAVIS

WOODLAND

WINTERS

WALNUT GROVE

CLARKSBURG

VALLEJO

NAPAJACKSON

PLACERVILLE

CARBONDALE

Folsom Premium Outlets

at Roseville

Arden Fair Mall

Vacaville Premium Outlets

Livermore Premium Outlets

Vintage Faire Mall

Weberstown Mall

Trade Area

MANTECA

The Studio

ELK GROVE

Elk

Grov

e Fl

orin

Rd

Brad

shaw

Rd

Whitelock Pkwy

Gerber Rd

Calvine Rd

THE PRESERVE

MORNINGVIEW

CIELO & VISTA @ RANCHO VERDE

WILDFLOWER | WINDSONG

BELLA STRADA

SOUZA DAIRY

POPPY KEYS EAST

MADEIRA SOUTH

GLENBROOK

PROVIDENCE

STRATFORDTUSCAN RIDGE SOUTH

BRUCEVILLE MEADOWS

MCGREARY RANCH

AMELIA’S PARK

THE SPRINGSTHE GROVE

SIN GROVE

ARBOR

STERLING MEADOWS

MADEIRA EAST

ZAGRAGGEN RANCH

GARDENS & GABLES @ VINEYARD POINT (AA)

DESTINATIONS @ VINEYARD POINT (AA)

DIAMANTE

TREASURE

SPECTRUM

ALLEN RANCH

AVEIRO | PRADO | VIANA

Housing Growth

The Studio

Population Increase (2000 - 2015)*

HOMES·ARE·EXPECTED·TO·BE·BUILT·

IN·THE·NEXT·TWO·DECADES

90,000+

77%PROJECTED·ENROLLMENT·

INCREASE·IN·THE·ELK·GROVE·

SCHOOL·DISTRICT

50+ NEW·SCHOOLS·WILL·BE·BUILT·

OVER·THE·NEXT·TWO·DECADES

98%NEW·SINGLE·FAMILY·HOME·

GROWTH·SINCE·2010

44%+INCREASE·IN·HOME·VALUE·

SINCE·2012

#5HOTTEST·HOUSING·MARKET·IN·THE·

U.S.·(SOURCE:·ZILLOW,·2015)

*Source: CBRE Municipality Report 2015

The Big Boom

116% $75,785Median Household Income Elk Grove

The Studio

ELK GROVEELK GROVEElk Grove vs. Frisco

ELK GROVE, CA FRISCO, TX

TOTAL POPULATION 160,014 138,527

POPULATION GROWTH 18.1% 22.0%

AVERAGE HOUSEHOLD INCOME $98.928 $100,940

TOTAL # STUDENTS 62,000 56,000

CURRENT # OF SCHOOLS 65 68

# OF ELEMENTARY SCHOOLS 40 40

# OF MIDDLE SCHOOLS 9 16

# OF HIGH SCHOOLS 9 9

# OF ALTERNATIVE SCHOOLS 4 3

2015 COMPARATIVE MARKETS ST. LOUIS CHAROTTE ELK GROVE PITTSBURGH GILROY

CONCORD MILLS

CINCINNATI PREMUM OUTLETS

SOUTHHAVEN TANGEROUTLETS

POPULATION 1,857,972 1,729,078 1,261,914 1,244,803 1,646,300 117,100 67,900 52,192

HOUSEHOLDS 779,665 680,909 436,430 552,659 509,361 43,600 23,000 19,161

AVG. HH INCOME $76,470 $79,025 $75,206 $69,711 $101,891 $78,474 $86,457 $66,315

MEDIAN AGE 41.6 40.3 34 44.1 38.9 35.3 39.6 34.2

HH INCOME > $100K 183,309 166,414 133,500 118,685 200,121 12,600 7,400 1,701

4 YEAR+ DEGREE 36.1% 36.6% 25.6% 35.4% 33.6% 43.0% 33.6% 15.1%

* Source: Experian

SIMILAR SUCCESSFUL RETAIL MARKETS

The Studio

ELK GROVE

$1.1 Billion - $3.3 Billion in Retail Sales Leakage. All major retail categories show potential growth in Elk Grove.

$2.7Bn

$1.6Bn

$1.1Bn

$35.1Bn

$32.0Bn

$3.3Bn

2015·CONSUMER·EXPENDITURE

2015·RETAIL·SALES

OPPORTUNITY·/·SURPLUS

2015·CONSUMER·EXPENDITURE

2015·RETAIL·SALES

OPPORTUNITY·/·SURPLUS

*Source: CBRE Municipality Report 2015

Significant Sales Leakage

City of Elk Grove Greater Trade Area

Retailer Index ELK GROVE

NORDSTROM RACK

BLOOMINGDALE ’ S

WHOLE FOODS

THE GAP

CRATE & BARREL

MICHAEL KORS

DISNEY STORE

WILLIAMS-SONOMA

NEIMAN MARCUS

APPLE

ABERCROMBIE & FITCH

STARBUCKS

OFF 5TH

ETHAN ALLEN

URBAN OUTFITTERS

ANN TAYLOR

BANANA REPUBLIC

HH INDEX WP INDEX

232 185

228 167

223 189

215 181

193 153

190 102

178 157

176 110

171 144

167 133

164 181

162 151

161 171

156 108

156 132

145 140

182 179

ANN TAYLOR LOFT 139 107

Any·index·over·100·is·an·indication·that·these·

consumers·have·a·higher·propensity·for·

shopping·or·buying·from·the·specified·type·

than·the·average·U.S.·household.

The·higher·the·index·the·greater·the·potential·

for·customers·in·the·specific·retail·category.

*Source: CBRE Municipality Report 2015

The Studio

ELK GROVEThe Elk Grove Collection

The Studio

ELK GROVE

THE ELKWith·more·than·100·shops·and·restaurants—the·Elk·Grove·Collection·will·become·the·go-to·spot·for·fast·fashion,·food,·and·entertainment.·Blending·the·best·retail·concepts·with·a·true·community·hub·for·Elk·Grove,·Southern·Sacramento·and·the·whole·central·valley,·the·ELK·will·be·the·ultimate·destination·for·an·upscale·market·lacking·a·signature·retail,·dining·and·entertainment·venue.

ELK GROVE

The Studio

ELK GROVE

FashionYour lifestyle collection.

ELK GROVE

The Studio

ELK GROVEELK GROVE

The Studio

ELK GROVE

The best neighborhood eats.

ELK GROVE

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ELK GROVEELK GROVE

The Studio

ELK GROVE

A place to gather.

ELK GROVE

The Studio

ELK GROVEELK GROVE

The Studio

ELK GROVE

Resort & CasinoLet the games begin.

ELK GROVE

The Studio

ELK GROVEELK GROVE

The Studio

ELK GROVEELK GROVE

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Resort & Casino