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TRANSCRIPT
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
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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
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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 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