1 Miles 3 Miles 5 Miles

Median HH Income $60,842 $63,376 $58,575

Residential Population 8,059 38,499 89,309

Total Employees 293 8,439 27,756

DEMOGRAPHICS:

PROPERTY: 35 +/- acres343,000 square foot retail development

LOCATION: Dorchester Rd & Wescott BlvdNorth Charleston, SC 29485

ANCHOR TENANTS:

TRAFFIC COUNT:

Harris Teeter – Opening Oct 2013Marshall’s – Opening Oct 2013Lowe’s

37,200 CPD – Dorchester Road

Site Summary

Project Photos

The Corner at Wescott N Charleston, South Carolina Location Map

SITE

The Corner at Wescott N Charleston, South Carolina Area Map

SITE

Executive SummaryPrepared by Shannon Mullinax

©2010 Esri 5/09/2011 Page 1 of 2

N Charleston Latitude: 32.93678Dorchester Longitude: -80.143086Ring: 1, 3, 5 Miles

1 mile radius 3 miles radius 5 miles radius 2010 Population Total Population 8,059 38,499 89,309 Male Population 49.9% 49.0% 48.9% Female Population 50.1% 51.0% 51.1% Median Age 37.4 34.8 34.4 2010 Income Median HH Income $60,842 $63,376 $58,575 Per Capita Income $24,418 $25,526 $24,457 Average HH Income $66,299 $70,522 $67,007 2010 Households Total Households 3,010 13,919 32,233 Average Household Size 2.68 2.75 2.75 2010 Housing Owner Occupied Housing Units 69.4% 68.4% 63.4% Renter Occupied Housing Units 21.6% 25.2% 28.8% Vacant Housing Units 9.0% 6.3% 7.8% Population 1990 Population 622 13,717 54,037 2000 Population 1,184 18,582 61,172 2010 Population 8,059 38,499 89,309 2015 Population 10,517 47,631 104,483 1990-2000 Annual Rate 6.65% 3.08% 1.25% 2000-2010 Annual Rate 20.58% 7.37% 3.76% 2010-2015 Annual Rate 5.47% 4.35% 3.19%

In the identified market area, the current year population is 89,309. In 2000, the Census count in the market area was 61,172. The rate of change since 2000 was 3.76 percent annually. The five-year projection for the population in the market area is 104,483, representing a change of 3.19 percent annually from 2010 to 2015. Currently, the population is 48.9 percent male and 51.1 percent female.

Households 1990 Households 242 4,751 18,473 2000 Households 458 6,653 21,994 2010 Households 3,010 13,919 32,233 2015 Households 3,927 17,249 37,783 1990-2000 Annual Rate 6.59% 3.42% 1.76% 2000-2010 Annual Rate 20.16% 7.47% 3.8% 2010-2015 Annual Rate 5.46% 4.38% 3.23%

The household count in this market area has changed from 21,994 in 2000 to 32,233 in the current year, a change of 3.8 percent annually. The five-year projection of households is 37,783, a change of 3.23 percent annually from the current year total. Average household size is currently 2.75, compared to 2.75 in the year 2000. The number of families in the current year is 23,542 in the market area.

Housing

Currently, 63.4 percent of the 34,968 housing units in the market area are owner occupied; 28.8 percent, renter occupied; and 7.8 percent are vacant. In 2000, there were 23,272 housing units - 64.9 percent owner occupied, 29.4 percent renter occupied and 5.7 percent vacant. The rate of change in housing units since 2000 is 4.05 percent. Median home value in the market area is $147,912, compared to a median home value of $157,913 for the U.S. In five years, median home value is projected to change by 4.36 percent annually to $183,109. From 2000 to the current year, median home value changed by 4.19 percent annually.

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. Esri forecasts for 2010 and 2015. Esri converted 1990 Census data into 2000 geography.

Executive SummaryPrepared by Shannon Mullinax

©2010 Esri 5/09/2011 Page 2 of 2

N Charleston Latitude: 32.93678Dorchester Longitude: -80.143086Ring: 1, 3, 5 Miles

1 mile radius 3 miles radius 5 miles radius

Median Household Income 1990 Median HH Income $48,625 $35,263 $33,747 2000 Median HH Income $67,188 $50,645 $46,403 2010 Median HH Income $60,842 $63,376 $58,575 2015 Median HH Income $71,616 $72,336 $65,663 1990-2000 Annual Rate 3.29% 3.69% 3.24% 2000-2010 Annual Rate -0.96% 2.21% 2.3% 2010-2015 Annual Rate 3.31% 2.68% 2.31% Per Capita Income 1990 Per Capita Income $16,707 $13,081 $12,746 2000 Per Capita Income $26,339 $20,865 $19,634 2010 Per Capita Income $24,418 $25,526 $24,457 2015 Per Capita Income $26,522 $27,721 $26,693 1990-2000 Annual Rate 4.66% 4.78% 4.42% 2000-2010 Annual Rate -0.74% 1.99% 2.17% 2010-2015 Annual Rate 1.67% 1.66% 1.77% Average Household Income 1990 Average Household Income $51,207 $38,218 $36,962 2000 Average Household Income $78,173 $58,025 $54,075 2010 Average HH Income $66,299 $70,522 $67,007 2015 Average HH Income $71,917 $76,512 $73,033 1990-2000 Annual Rate 4.32% 4.26% 3.88% 2000-2010 Annual Rate -1.59% 1.92% 2.11% 2010-2015 Annual Rate 1.64% 1.64% 1.74%

Households by IncomeCurrent median household income is $58,575 in the market area, compared to $54,442 for all U.S. households. Median household income is projected to be $65,663 in five years. In 2000, median household income was $46,403, compared to $33,747 in 1990.

Current average household income is $67,007 in this market area, compared to $70,173 for all U.S. households. Average household income is projected to be $73,033 in five years. In 2000, average household income was $54,075, compared to $36,962 in 1990.

Current per capita income is $24,457 in the market area, compared to the U.S. per capita income of $26,739. The per capita income is projected to be $26,693 in five years. In 2000, the per capita income was $19,634, compared to $12,746 in 1990.

Population by Employment Total Businesses 42 710 2,573 Total Employees 293 8,439 27,756

Currently, 89.7 percent of the civilian labor force in the identified market area is employed and 10.3 percent are unemployed. In comparison, 89.2 percent of the U.S. civilian labor force is employed, and 10.8 percent are unemployed. In five years the rate of employment in the market area will be 91.6 percent of the civilian labor force, and unemployment will be 8.4 percent. The percentage of the U.S. civilian labor force that will be employed in five years is 91.2 percent, and 8.8 percent will be unemployed. In 2000, 72.7 percent of the population aged 16 years or older in the market area participated in the labor force, and 2.7 percent were in the Armed Forces.

In the current year, the occupational distribution of the employed population is:

61.0 percent in white collar jobs (compared to 61.6 percent of U.S. employment)•15.4 percent in service jobs (compared to 17.3 percent of U.S. employment)•23.5 percent in blue collar jobs (compared to 21.1 percent of U.S. employment)•

In 2000, 83.5 percent of the market area population drove alone to work, and 2.1 percent worked at home. The average travel time to work in 2000 was 25.8 minutes in the market area, compared to the U.S. average of 25.5 minutes.

Population by EducationIn 2010, the educational attainment of the population aged 25 years or older in the market area was distributed as follows:

8.2 percent had not earned a high school diploma (14.8 percent in the U.S.)•30.5 percent were high school graduates only (29.6 percent in the U.S.)•11.4 percent had completed an Associate degree (7.7 percent in the U.S.)•16.2 percent had a Bachelor's degree (17.7 percent in the U.S.)•9.3 percent had earned a Master's/Professional/Doctorate Degree (10.4 percent in the U.S.)•

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. Esri forecasts for 2010 and 2015. Esri converted 1990 Census data into 2000 geography.