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T U S H I EM O N T G O M E R YA R C H I T E C T S

Elk River, Minnesota

Elk Ridge Medical Office BuildingNovember 5, 2007

SCALE 1 : 11Entry Perspective

Contact: Brent Jacobson or Ben Krsnak

For Lease. Office/Medical/Retail Elk Ridge Center Highway 169 and 197th Avenue, Elk River, Minnesota

527 Marquette Avenue, Suite 500, Minneapolis, MN 55402p. 612.355.2600f. 612.355.2800www.hempelproperties.com

Elk Ridge Center is an exciting new mixed-use development consisting of over 100,000 square feet. The proposed 40,000 square foot medical office development is complimented by a 16,000 square foot Aldi Foods, US Bank, Pearle Vision, and New Horizons. This mixed-use development is strategically located at the intersection of Highway 169 and 197th Avenue. The site features outstanding highway visibility, accessibility, and aggressive growth in both traffic and new development. This is an ideal location for a medical/office firm seeking a uniquely recognizable lcoation in a high income and high traffic area. For Lease 2,000 square feet up to 40,000 square feet

Net Rent $15.00 per square foot

For Sale 1 - 5 acre pads 2008 CAM, taxes & $7.00 per square foot insurance (estimated)

Traffic Counts Highway 169 42,900 cars per day 197th Avenue 4,850 cars per day

Tenant Improvements Landlord will provide a generous allowance for Tenant's buildout.

Building Aesthetics Elk Ridge Center offers an urban feeling to the community enhancing the native Midwest outdoor appeal. The Center features a Northwood’s Theme influenced by our Minnesota State Parks and consists of stone foundation walls and a high-quality exterior finish.

Demographics 1 mile 3 mile 5 mile Population 4,117 19,676 35,255 Average HH Income $77,702 $80,084 $83,855 Median HH Income $71,951 $71,531 $75,256

Signed Retailers US Bank, Aldi Foods, Pearle Vision, and New Horizon Child Care

Area Tenants Wal-Mart, Home Depot, Office Max, US Bank, Target, Cub, and Menards

Contact: Brent Jacobson or Ben Krsnak612.355.2600

527 Marquette AvenueSuite 500

Minneapolis, MN 55402p. 612.355.2600f. 612.355.2800

www.hempelproperties.com

Information has been obtained from the property owner or other sources that we deem reliable. Although we have no reason to doubt its accuracy or completeness, no representation or warranty is made regarding the information and the property is offered “as is”. This submission may be modified or withdrawn at any time by the property owner.

Elk Ridge Center Highway 169 and 197th Ave Elk River, Minnesota

Location Map

Site Plan

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SCALE 1/16" = 1'-0"1First Floor

40,257 GSFN


Elk Ridge Center: 1 mile demographics


Community SummaryPrepared by

©2007 ESRI On-demand reports and maps from Business Analyst Online. Order at www.esri.com/bao or call 800-292-2224 7/03/2007 Page 1 of 1

Latitude: 45.328745HWY 169 and 197th Ave NW Longitude: -93.561274Elk River, MN 55330 Site Type: Radius Radius: 1.0 mile

Summary 2000 2007 2012 Population 3,321 4,117 4,800 Households 1,087 1,384 1,627 Families 877 1,040 1,185 Average Household Size 3.05 2.97 2.95 Owner Occupied HUs 865 1,077 1,254 Renter Occupied HUs 222 307 373 Median Age 30.8 30.5 30.4 Total Housing Units 1,105 1,401 1,668 Vacant Housing Units 18 17 41 Average Home Value $166,881 $294,540 $336,003

Total Businesses - 120 - Total Employees - 995 -

2000 2007 2012Households by Income Number Percent Number Percent Number Percent < $15,000 63 5.8% 84 6.1% 87 5.4% $15,000 - $24,999 84 7.8% 76 5.5% 53 3.3% $25,000 - $34,999 112 10.4% 100 7.2% 110 6.8% $35,000 - $49,999 156 14.4% 175 12.6% 141 8.7% $50,000 - $74,999 312 28.9% 290 21.0% 291 17.9% $75,000 - $99,999 213 19.7% 319 23.0% 301 18.5% $100,000 - $149,999 127 11.8% 248 17.9% 413 25.4% $150,000 - $199,000 5 0.5% 77 5.6% 150 9.2% $200,000+ 8 0.7% 15 1.1% 79 4.9%

Median Household Income $60,285 $71,951 $83,842 Average Household Income $62,430 $77,702 $93,538 Per Capita Income $20,794 $27,125 $32,863

2000 2007 2012Population by Age Number Percent Number Percent Number Percent 0 - 4 293 8.8% 375 9.1% 422 8.8% 5 - 14 663 20.0% 628 15.3% 712 14.8% 15 - 19 264 8.0% 365 8.9% 321 6.7% 20 - 24 184 5.5% 380 9.2% 426 8.9% 25 - 34 496 14.9% 532 12.9% 853 17.8% 35 - 44 688 20.7% 663 16.1% 626 13.0% 45 - 54 384 11.6% 656 15.9% 775 16.1% 55 - 64 207 6.2% 323 7.9% 403 8.4% 65 - 74 83 2.5% 137 3.3% 198 4.1% 75 - 84 50 1.5% 39 0.9% 46 1.0% 85+ 6 0.2% 16 0.4% 21 0.4%

2000 2007 2012Race and Ethnicity Number Percent Number Percent Number Percent White Alone 3,206 96.5% 3,932 95.5% 4,562 95.0% Black Alone 19 0.6% 30 0.7% 39 0.8% American Indian Alone 11 0.3% 16 0.4% 19 0.4% Asian Alone 29 0.9% 53 1.3% 71 1.5% Pacific Islander Alone 0 0.0% 1 0.0% 1 0.0% Some Other Race Alone 15 0.5% 25 0.6% 33 0.7% Two or More Races 41 1.2% 61 1.5% 76 1.6% Hispanic Origin (Any Race) 36 1.1% 63 1.5% 83 1.7%Data Note: Income is expressed in current dollars.

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. ESRI forecasts for 2007 and 2012 were effective as of July 1, 2007. Business data provided by Acxiom. Copyright 2007, all rights reserved.







Summary 2000 2007 2012 Population 14,160 19,676 23,340 Households 4,987 6,970 8,307 Families 3,823 5,145 6,004 Average Household Size 2.80 2.79 2.78 Owner Occupied HUs 3,795 5,400 6,457 Renter Occupied HUs 1,192 1,570 1,850 Median Age 32.3 33.5 33.3 Total Housing Units 5,087 7,164 8,654 Vacant Housing Units 100 194 347 Average Home Value $160,392 $290,159 $334,203

Total Businesses - 553 - Total Employees - 4,567 -

2000 2007 2012Households by Income Number Percent Number Percent Number Percent < $15,000 521 10.4% 446 6.4% 429 5.2% $15,000 - $24,999 454 9.1% 556 8.0% 533 6.4% $25,000 - $34,999 517 10.3% 501 7.2% 511 6.1% $35,000 - $49,999 670 13.4% 852 12.2% 741 8.9% $50,000 - $74,999 1,310 26.1% 1,297 18.6% 1,357 16.3% $75,000 - $99,999 912 18.2% 1,413 20.3% 1,379 16.6% $100,000 - $149,999 486 9.7% 1,351 19.4% 2,051 24.7% $150,000 - $199,000 78 1.6% 369 5.3% 781 9.4% $200,000+ 63 1.3% 187 2.7% 527 6.3%


2000 2007 2012Population by Age Number Percent Number Percent Number Percent 0 - 4 1,164 8.2% 1,657 8.4% 1,949 8.4% 5 - 14 2,490 17.6% 2,914 14.8% 3,335 14.3% 15 - 19 1,117 7.9% 1,528 7.8% 1,642 7.0% 20 - 24 847 6.0% 1,675 8.5% 1,834 7.9% 25 - 34 2,070 14.6% 2,394 12.2% 3,400 14.6% 35 - 44 2,650 18.7% 3,291 16.7% 3,340 14.3% 45 - 54 1,739 12.3% 2,999 15.2% 3,684 15.8% 55 - 64 905 6.4% 1,672 8.5% 2,216 9.5% 65 - 74 569 4.0% 825 4.2% 1,095 4.7% 75 - 84 417 2.9% 459 2.3% 524 2.2% 85+ 190 1.3% 262 1.3% 321 1.4%









Summary 2000 2007 2012 Population 25,119 35,255 42,031 Households 8,428 12,044 14,471 Families 6,739 9,306 10,958 Average Household Size 2.95 2.90 2.88 Owner Occupied HUs 7,133 10,276 12,364 Renter Occupied HUs 1,295 1,769 2,107 Median Age 32.4 34.1 34.0 Total Housing Units 8,601 12,358 15,027 Vacant Housing Units 173 313 556 Average Home Value $157,571 $282,191 $323,604

Total Businesses - 775 - Total Employees - 6,682 -

2000 2007 2012Households by Income Number Percent Number Percent Number Percent < $15,000 631 7.5% 572 4.7% 571 3.9% $15,000 - $24,999 613 7.3% 723 6.0% 678 4.7% $25,000 - $34,999 732 8.7% 698 5.8% 678 4.7% $35,000 - $49,999 1,240 14.8% 1,381 11.5% 1,148 7.9% $50,000 - $74,999 2,487 29.6% 2,607 21.6% 2,593 17.9% $75,000 - $99,999 1,582 18.8% 2,643 21.9% 2,763 19.1% $100,000 - $149,999 861 10.2% 2,441 20.3% 3,720 25.7% $150,000 - $199,000 140 1.7% 640 5.3% 1,408 9.7% $200,000+ 118 1.4% 339 2.8% 912 6.3%


2000 2007 2012Population by Age Number Percent Number Percent Number Percent 0 - 4 2,039 8.1% 2,952 8.4% 3,506 8.3% 5 - 14 4,586 18.3% 5,537 15.7% 6,374 15.2% 15 - 19 2,017 8.0% 2,674 7.6% 3,074 7.3% 20 - 24 1,345 5.4% 2,658 7.5% 2,835 6.7% 25 - 34 3,668 14.6% 4,161 11.8% 5,732 13.6% 35 - 44 4,913 19.6% 6,290 17.8% 6,395 15.2% 45 - 54 3,255 13.0% 5,460 15.5% 6,861 16.3% 55 - 64 1,638 6.5% 3,138 8.9% 4,150 9.9% 65 - 74 879 3.5% 1,382 3.9% 1,877 4.5% 75 - 84 560 2.2% 679 1.9% 820 2.0% 85+ 216 0.9% 325 0.9% 409 1.0%




Elk Ridge Center: elevations


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SCALE 3/32" = 1'-0"1 East Elevation

SCALE 3/32" = 1'-0"2 South Elevation

SCALE 3/32" = 1'-0"3 West Elevation

SCALE 3/32" = 1'-0"4 North Elevation


Elk Ridge Center: elevations


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SCALE1 Southeast Perspective

SCALE2 Southwest Perspective

SCALE3 North Perspective


Elk Ridge Center: site plan


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