Lynnhaven Mall Virginia Beach VA - Jet Trip Checklist 4 · Updated 11/17/2009 3. Site Location:...

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Update 11/17/2009 REAL ESTATE JET TRIP CHECKLIST – Lynnhaven Mall, NEQ Lynnhaven Parkway & S Lynnhaven Road, Virginia Beach, VA – Date: November 17, 2009 1. Reasons that this site is being shown: a. Potential build-back location in a regional enclosed mall in Virginia Beach. General Growth Properties reports Lynnhaven Mall non-anchor sales for rolling 2009 of approximately $485 per square foot, down from $500 per square foot in 2008. b. Co-Tenancy: J.C.Penney, AMC Theatres, Macy’s, Dick’s Sporting Goods, Barnes & Noble. The former 2 leevl Lord & Taylor is 120,000 sf on two levels and still available for lease. c. The subject property is conveniently located at the NEQ of Lynnhaven Parkway and S Lynnhaven Road, approximately 1.6 mile south of interchange 19 off Interstate 264 in Virginia Beach. d. Traffic Counts are 39,000 AADT (2008) on Lynnhaven Pkwy South of International Pkwy, 45,000 AADT (2008) on Lynnhaven Pkwy North of International Pkwy 2. Comments –Virginia Beach, VA (3 miles): a. Prime Target Market: The City of Virginia Beach (population 436,270, 2.0% growth rate) is located within the Virginia Beach-Norfolk-Newport News MSA (population 1,649,457), 105 miles southeast of Richmond. Virginia Beach has a civilian workforce of 200,000 while the MSA maintains a workforce of 707,000. Additionally, the region is home to 12 military bases, with an active duty population of 95,000. Located in Virginia Beach alone are Naval Air Station Oceana, Naval Surface Warfare Center Dam Neck, Naval Amphibious Base Little Creek, and Fort Story, totaling 32,000 military and civilian employees. Other than military, the occupational mix in Virginia Beach consists of retail and wholesale trade (25%) as well as agribusiness and tourism related occupations. Other contributions to the workforce and additional high quality labor not included in the unemployment rate include the 40,000 – 50,000 military spouses in the Virginia Beach MSA, the 13,000 military personnel that exit service each year, 8,500 college graduates each year from area schools, and the 13,500 commuters from northeastern North Carolina. b. Typical Housing Prices: The median home sales price for single family new construction homes in Virginia Beach in 2009 is $262,822. The median home sales price for existing single family homes is $219,801. c. Median Income: The current 3 mile Median HH Income is $55,279. The Median HH Income for the City of Virginia Beach is $62,948. d. Top employers in Virginia Beach, VA: 1. United States Department of Defense 32,000 2. Virginia Beach City Public Schools 10,000 3. Virginia Beach City 6,000 4. Sentara Medical Group 4,646 5. SAIC/AMSEC 2,500 6. GEICO 2,200 7. AMERIGROUP 2,100 8. Navy Exchange Service Command 1,800 e. Daytime Employment: 56,795 within 3 miles

Transcript of Lynnhaven Mall Virginia Beach VA - Jet Trip Checklist 4 · Updated 11/17/2009 3. Site Location:...

Page 1: Lynnhaven Mall Virginia Beach VA - Jet Trip Checklist 4 · Updated 11/17/2009 3. Site Location: Existing Dillard’s site totals 200,000 square feet on two levels.The entire Lynnhaven

Update 11/17/2009

REAL ESTATE JET TRIP CHECKLIST – Lynnhaven Mall, NEQ Lynnhaven Parkway & S Lynnhaven Road, Virginia Beach, VA – Date: November 17, 2009

1. Reasons that this site is being shown:

a. Potential build-back location in a regional enclosed mall in Virginia Beach. General Growth Properties reports Lynnhaven Mall non-anchor sales for rolling 2009 of approximately $485 per square foot, down from $500 per square foot in 2008.

b. Co-Tenancy: J.C.Penney, AMC Theatres, Macy’s, Dick’s Sporting Goods, Barnes & Noble. The former 2 leevl Lord & Taylor is 120,000 sf on two levels and still available for lease.

c. The subject property is conveniently located at the NEQ of Lynnhaven Parkway and S Lynnhaven Road, approximately 1.6 mile south of interchange 19 off Interstate 264 in Virginia Beach.

d. Traffic Counts are 39,000 AADT (2008) on Lynnhaven Pkwy South of International Pkwy, 45,000 AADT (2008) on Lynnhaven Pkwy North of International Pkwy

2. Comments –Virginia Beach, VA (3 miles):

a. Prime Target Market: The City of Virginia Beach (population 436,270, 2.0% growth rate) is located within the Virginia Beach-Norfolk-Newport News MSA (population 1,649,457), 105 miles southeast of Richmond. Virginia Beach has a civilian workforce of 200,000 while the MSA maintains a workforce of 707,000. Additionally, the region is home to 12 military bases, with an active duty population of 95,000. Located in Virginia Beach alone are Naval Air Station Oceana, Naval Surface Warfare Center Dam Neck, Naval Amphibious Base Little Creek, and Fort Story, totaling 32,000 military and civilian employees. Other than military, the occupational mix in Virginia Beach consists of retail and wholesale trade (25%) as well as agribusiness and tourism related occupations. Other contributions to the workforce and additional high quality labor not included in the unemployment rate include the 40,000 – 50,000 military spouses in the Virginia Beach MSA, the 13,000 military personnel that exit service each year, 8,500 college graduates each year from area schools, and the 13,500 commuters from northeastern North Carolina.

b. Typical Housing Prices: The median home sales price for single family new construction homes in Virginia Beach in 2009 is $262,822. The median home sales price for existing single family homes is $219,801.

c. Median Income: The current 3 mile Median HH Income is $55,279. The Median HH Income for the City of Virginia Beach is $62,948.

d. Top employers in Virginia Beach, VA: 1. United States Department of Defense 32,000 2. Virginia Beach City Public Schools 10,000 3. Virginia Beach City 6,000 4. Sentara Medical Group 4,646 5. SAIC/AMSEC 2,500 6. GEICO 2,200 7. AMERIGROUP 2,100 8. Navy Exchange Service Command 1,800

e. Daytime Employment: 56,795 within 3 miles

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Updated 11/17/2009

f. Unemployment Rate: 5.3% within 3 miles compared to 6.6 % for the state of Virginia g. Female Median Age: 33.8 years h. 60.5 % white collar i. Universities – 1. Tidewater Community College-Virginia Beach Campus (4.0 miles from site):

Founded in 1968 as a part of the Virginia Community College, Tidewater Community College is the largest provider of higher education and workforce development services in Hampton Roads, enrolling nearly 40,000 students annually. The 35th largest community college in the nation, TCC is among the 50 fastest-growing large two-year institutions in the United States. The college’s economic impact on the South Hampton Roads region approaches half a billion dollars annually; it generates some 3100 jobs in the local economy. For each $1 in public support provided to it, TCC generates $3.54 in revenue for the region.

2. Regent University (10.0 miles from site): Established in 1978 by Dr. M.G. “Pat” Robertson, Regent University is the nation’s academic center for Christian thought and action. There are 2,134 full-time students and 2,806 part-time students enrolled at Regent. Regent University offers 70+ graduate and undergraduate degrees available on campus and online.

3. Norfolk State University (13.5 miles from site): A four-year, state-supported, coed, liberal arts, historically black university located in Norfolk, VA with over 6,000 students. Norfolk State offers 2 Doctorate and 15 Master's degrees, including Master's degree programs in Optical Engineering, Computer Science, and Criminal Justice. The school also offers 36 undergraduate degrees, with a new degree being offered in Optical Engineering.

4. Old Dominion University (17.8 miles from site): Located in historic Norfolk, VA on over 180 acres. Initially founded in 1930 as a division of the College of William and Mary, Old Dominion University, with over 21,000 students, has recently grown into its own over the past several years focusing on commerce, international affairs and culture due to the University’s close proximity to a major international maritime commerce center. With marine and aerospace activities of VA concentrated in Hampton Roads, the university has a significant commitment to science, engineering and technology, specifically in marine science, aerospace and other fields of major importance to the region.

5. Hampton University (26.0 miles from site): Hampton University, with over 6,000 students, is a privately-endowed, non-profit, non-sectarian, co-educational, historically black university. Located in southeastern Virginia, Hampton University has grown into a comprehensive university providing a broad range of technical, liberal arts, pre-professional, professional, and graduate degree programs.

j. Points of Interest:

• Naval Air Station Oceana—Commissioned in 1943, Naval Air Station Oceana has an annual payroll exceeding $761 million. An additional $400 million of goods and services is provided, with a total economic impact on the Hampton Roads area of approximately $1.5 billion. The station is located on 5,916 acres, has 300 total aircraft and has buildings valued at $823 million in plant replacement value. The total Navy community, including family members, numbers approximately 20,000 people. NAS Oceana is the largest employer in Virginia Beach.

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Updated 11/17/2009

3. Site Location: Existing Dillard’s site totals 200,000 square feet on two levels. The entire

Lynnhaven Mall has a GLA of over 1,170,000 square feet located at the NEC of Lynnhaven Parkway and Lynnhaven Road in Virginia Beach, VA.

4. Site Details:

a. Developer: General Growth Properties b. Site: Existing Dillard’s totals 200,000 square feet on two levels. The entire Lynnhaven

Mall has a GLA of over 1,170,000 square feet of retail located at the NEC of Lynnhaven Parkway and Lynnhaven Road in Virginia Beach, VA. The site includes Macy’s (199,863 square feet), J.C.Penney (150,434 square feet), AMC (75,044 square feet), Dick’s Sporting Goods (52,071 square feet), 480,128 square feet of small shop space, and 6,300 parking spaces.

c. Co-Tenancy: Macy’s, J.C.Penney, AMC Theaters, Dick’s Sporting Goods, Barnes & Noble

d. Other Retail: Toys ‘R Us, The Sports Authority, Marshall’s, Value City Furniture 5. Transaction Status:

a. The economics for a P09: $______ million NPV with ____% store IRR b. Costs: c. Challenges: Operating a 200,000 square foot store on two levels. Attached to an

enclosed, regional mall. 6. Costs:

• Total land and site-work costs: 7. Comps:

• Lowe’s Home Improvement, 149,000 square feet of existing buildings, 717-745 Independence Blvd, Virginia Beach, VA, purchased 12.15 acres on 12/28/2007: Land: $13,500,000 ($1,111,111.11 per acre, $90.64 per square foot of building, and $25.51 per square foot of land)

• Michael Sifen Inc., 126,850 square feet of existing building, 4725 Virginia Beach Blvd, Virginia Beach, VA, purchased 12.35 acres on 7/22/2008: Land: $13,000,000 ($1,093,117.41 per acre, $102.48 per square foot of building, and $24.17 per square foot of land)

• McLeskey & Associates, 103,000 square feet, 2866 Virginia Beach Blvd, Virginia Beach, VA, Available for Lease, $12.00 per square foot, $2.50 NNN

8. Site Work and Planned Infrastructure:

a. Primary access: One (1) traffic signal with full movement at Lynnhaven Parkway and International Parkway, one (1) traffic signal with full movement at Lynnhaven Parkway and Water Spout Way, and one (1) traffic signal with full movement at Lynnhaven Parkway and Lishelle Place.

b. Secondary access points: Two (2) traffic signals with full movement on S Lynnhaven Road. Two (2) access points to Lynnhaven Mall Loop at the north end of the mall at Braves Trail and Lynnhaven Mall Loop and N Mall Road and Lynnhaven Mall Loop.

c. Pylon sign: None d. Highway improvements:

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Updated 11/17/2009

• Widening of Lynnhaven Parkway from Holland Road to Lishelle Place to six lanes (currently four lanes). Construction began in January 2008, and completion is slated for May 2011. Total cost at $24.9 million.

e. Zoning: B-2

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11 Potential Target Locations

KMKM Kmart

KOKO Kohl’s

WW Walmart

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11 Bj’s Wholesale Club

22 Costco

33 Sam’s Club

Sup-Regional Malls

Existing Target Locations

LEGEND

Copyright © and (P) 1988–2008 Microsoft Corporation and/or its suppliers. All rights reserved. http://www.microsoft.com/streets/Certain mapping and direction data © 2008 NAVTEQ. All rights reserved. The Data for areas of Canada includes information taken with permission from Canadian authorities, including: © Her Majesty the Queen in Right of Canada, © Queen's Printer for Ontario. NAVTEQ and NAVTEQ ON BOARD are trademarks of NAVTEQ. © 2008 Te le Atlas North America, Inc. All rights reserved. Tele Atlas and Tele Atlas North America are trademarks of Tele Atlas, Inc. © 2008 by Applied Geographic Systems. All rights reserved.

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Lynnhaven Mall - Virginia Beach, Virginia

Next Realty Mid-Atlantic, LLC1750 Old Meadow RdSuite 250McLean, Virginia 22102703.442.4500 Main703.442.8818 Faxwww.nextrealty.com

Map Prepared by

SITELynnhaven

Mall

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Page 7: Lynnhaven Mall Virginia Beach VA - Jet Trip Checklist 4 · Updated 11/17/2009 3. Site Location: Existing Dillard’s site totals 200,000 square feet on two levels.The entire Lynnhaven
Page 8: Lynnhaven Mall Virginia Beach VA - Jet Trip Checklist 4 · Updated 11/17/2009 3. Site Location: Existing Dillard’s site totals 200,000 square feet on two levels.The entire Lynnhaven
Page 9: Lynnhaven Mall Virginia Beach VA - Jet Trip Checklist 4 · Updated 11/17/2009 3. Site Location: Existing Dillard’s site totals 200,000 square feet on two levels.The entire Lynnhaven
Page 10: Lynnhaven Mall Virginia Beach VA - Jet Trip Checklist 4 · Updated 11/17/2009 3. Site Location: Existing Dillard’s site totals 200,000 square feet on two levels.The entire Lynnhaven
Page 11: Lynnhaven Mall Virginia Beach VA - Jet Trip Checklist 4 · Updated 11/17/2009 3. Site Location: Existing Dillard’s site totals 200,000 square feet on two levels.The entire Lynnhaven
Page 12: Lynnhaven Mall Virginia Beach VA - Jet Trip Checklist 4 · Updated 11/17/2009 3. Site Location: Existing Dillard’s site totals 200,000 square feet on two levels.The entire Lynnhaven

DEMOGRAPHIC PROFILE COMPLETE 1990 - 2000 Census, 2009 Estimates & 2014 ProjectionsCalculated using Proportional Block GroupsPrepared ForTargetLat/Lon: 36.812247/-76.07198

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PopulationEstimated Population (2009) 11,404 97,092 231,753 376,383 Census Population (1990) 11,987 93,041 216,323 339,441 Census Population (2000) 12,066 97,340 231,895 369,919 Projected Population (2014) 10,765 93,205 226,503 372,084 Forecasted Population (2019) 10,037 90,875 223,437 373,170 Historical Annual Change (1990-2000) 79 0.1% 4,299 0.5% 15,572 0.7% 30,478 0.9%Historical Annual Change (2000-2009) -662 -0.6% -248 0.0% -141 0.0% 6,464 0.2%Projected Annual Change (2009-2014) -639 -1.1% -3,887 -0.8% -5,250 -0.5% -4,299 -0.2%Est. Population Density (2009) 3,631.90 psm 3,490.25 psm 3,093.96 psm 2,764.78 psmTrade Area Size 3.14 sq mi 27.82 sq mi 74.91 sq mi 136.14 sq mi

HouseholdsEstimated Households (2009) 3,811 35,045 84,483 139,657 Census Households (1990) 3,685 31,051 73,845 117,677 Census Households (2000) 3,902 34,242 82,545 134,252 Projected Households (2014) 3,726 34,658 85,242 142,347 Forecasted Households (2019) 5,792 53,882 132,531 221,320 Historical Annual Change (1990-2000) 217 0.6% 3,191 1.0% 8,700 1.2% 16,575 1.4%Projected Annual Change (2000-2014) -176 -0.3% 416 0.1% 2,697 0.2% 8,094 0.4%

Average Household IncomeEst. Average Household Income (2009) $57,459 $59,684 $68,588 $74,067 Census Average Hhld Income (1990) $34,891 $35,989 $40,415 $43,451 Census Average Hhld Income (2000) $45,459 $49,305 $56,857 $60,669 Proj. Average Household Income (2014) $54,550 $57,337 $65,691 $71,065 Historical Annual Change (1990-2000) $10,567 3.0% $13,316 3.7% $16,441 4.1% $17,218 4.0%Projected Annual Change (2000-2014) $9,091 1.4% $8,032 1.2% $8,834 1.1% $10,396 1.2%

Median Household IncomeEst. Median Household Income (2009) $50,132 $55,279 $62,629 $65,579 Census Median Hhld Income (1990) $31,864 $32,720 $36,169 $38,069 Census Median Hhld Income (2000) $40,525 $44,447 $50,153 $52,209 Proj. Median Household Income (2014) $53,644 $59,676 $67,464 $70,839 Historical Annual Change (1990-2000) $8,662 2.7% $11,726 3.6% $13,984 3.9% $14,140 3.7%Projected Annual Change (2000-2014) $13,118 2.3% $15,229 2.4% $17,311 2.5% $18,630 2.5%

Per Capita IncomeEst. Per Capita Income (2009) $19,445 $22,239 $25,792 $28,246 Census Per Capita Income (1990) $10,726 $12,011 $13,796 $15,064 Census Per Capita Income (2000) $14,808 $17,308 $20,155 $21,984 Proj. Per Capita Income (2014) $19,179 $22,164 $25,662 $28,087 Historical Annual Change (1990-2000) $4,081 3.8% $5,297 4.4% $6,358 4.6% $6,921 4.6%Projected Annual Change (2000-2014) $4,372 2.1% $4,856 2.0% $5,507 2.0% $6,102 2.0%

Other IncomeEst. Median Disposable Income (2009) $42,726 $46,294 $51,467 $53,582 Proj. Median Disposable Income (2014) $45,284 $49,481 $54,965 $57,355 Est. Average Household Net Worth (2009) $397,339 $405,266 $478,027 $518,910

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LYNNHAVEN MALL Virginia Beach, Virginia

7.00 mi radius

November 2009

1.00 mi radius 3.00 mi radius 5.00 mi radius

- 1 of 9 -©2009, Sites USA, Chandler, Arizona, 480-491-1112 Demographic Source: Applied Geographic Solutions / TIGER Geography 07/09

Page 13: Lynnhaven Mall Virginia Beach VA - Jet Trip Checklist 4 · Updated 11/17/2009 3. Site Location: Existing Dillard’s site totals 200,000 square feet on two levels.The entire Lynnhaven

DEMOGRAPHIC PROFILE COMPLETE 1990 - 2000 Census, 2009 Estimates & 2014 ProjectionsCalculated using Proportional Block GroupsPrepared ForTargetLat/Lon: 36.812247/-76.07198

RF9

LYNNHAVEN MALL Virginia Beach, Virginia

7.00 mi radius

November 2009

1.00 mi radius 3.00 mi radius 5.00 mi radius

Household Income Distribution (2009)HH Income $200,000 or More 41 1.1% 419 1.2% 2,191 2.6% 5,128 3.7%HH Income $150,000 to 199,999 77 2.0% 737 2.1% 3,031 3.6% 5,793 4.1%HH Income $125,000 to 149,999 63 1.7% 973 2.8% 3,430 4.1% 6,592 4.7%HH Income $100,000 to 124,999 196 5.1% 2,431 6.9% 7,427 8.8% 12,843 9.2%HH Income $75,000 to 99,999 542 14.2% 5,329 15.2% 13,327 15.8% 22,556 16.2%HH Income $50,000 to 74,999 1,012 26.5% 9,256 26.4% 20,965 24.8% 33,102 23.7%HH Income $35,000 to 49,999 792 20.8% 7,003 20.0% 14,985 17.7% 23,192 16.6%HH Income $25,000 to 34,999 519 13.6% 4,108 11.7% 8,418 10.0% 13,000 9.3%HH Income $15,000 to 24,999 317 8.3% 2,720 7.8% 6,002 7.1% 9,607 6.9%HH Income $10,000 to 14,999 85 2.2% 842 2.4% 1,949 2.3% 2,990 2.1%HH Income $0 to 9,999 167 4.4% 1,227 3.5% 2,757 3.3% 4,854 3.5%HH Income $35,000+ 2,723 71.4% 26,148 74.6% 65,356 77.4% 109,206 78.2%HH Income $50,000+ 1,931 50.7% 19,145 54.6% 50,371 59.6% 86,014 61.6%HH Income $75,000+ 919 24.1% 9,889 28.2% 29,406 34.8% 52,912 37.9%

Race & Ethnicity (2009)Total Population 11,404 97,092 231,753 376,383 White 6,727 59.0% 60,084 61.9% 155,284 67.0% 258,669 68.7%Black or African American 3,343 29.3% 25,367 26.1% 51,064 22.0% 78,852 20.9%American Indian & Alaska Native 118 1.0% 965 1.0% 2,029 0.9% 2,956 0.8%Asian 549 4.8% 5,881 6.1% 13,400 5.8% 20,875 5.5%Hawiian & Pacific Islander 36 0.3% 187 0.2% 426 0.2% 660 0.2%Other Race 227 2.0% 1,732 1.8% 3,465 1.5% 5,043 1.3%Two or More Races 404 3.5% 2,876 3.0% 6,087 2.6% 9,329 2.5%Not Hispanic or Latino Population 10,461 91.7% 89,827 92.5% 216,591 93.5% 354,011 94.1% Non Hispanic: White 6,333 60.5% 56,663 63.1% 147,697 68.2% 247,362 69.9% Non Hispanic: Black or African American 3,164 30.2% 24,269 27.0% 48,961 22.6% 75,781 21.4% Non Hispanic: Amer Indian & AK Native 104 1.0% 836 0.9% 1,756 0.8% 2,558 0.7% Non Hispanic: Asian 529 5.1% 5,697 6.3% 13,013 6.0% 20,315 5.7% Non Hispanic: Hawiian & Pacific Islander 34 0.3% 150 0.2% 347 0.2% 549 0.2% Non Hispanic: Other Race 0 - 45 0.1% 135 0.1% 177 0.0% Non Hispanic: Two or More Races 299 2.9% 2,167 2.4% 4,682 2.2% 7,269 2.1%Hispanic or Latino Population 943 8.3% 7,265 7.5% 15,162 6.5% 22,372 5.9% Hispanic: White 394 41.8% 3,421 47.1% 7,587 50.0% 11,307 50.5% Hispanic: Black or African American 180 19.0% 1,098 15.1% 2,103 13.9% 3,070 13.7% Hispanic: American Indian & Alaska Native 14 1.5% 129 1.8% 273 1.8% 398 1.8% Hispanic: Asian 20 2.1% 184 2.5% 387 2.6% 560 2.5% Hispanic: Hawiian & Pacific Islander 3 0.3% 37 0.5% 79 0.5% 111 0.5% Hispanic: Other Race 227 24.1% 1,687 23.2% 3,330 22.0% 4,866 21.7% Hispanic: Two or More Races 105 11.2% 709 9.8% 1,404 9.3% 2,060 9.2%Not of Hispanic Origin Population (1990) 11,553 96.4% 89,661 96.4% 209,156 96.7% 329,068 96.9%Hispanic Origin Population (1990) 434 3.6% 3,380 3.6% 7,167 3.3% 10,373 3.1%Not Hispanic or Latino Population (2000) 11,355 94.1% 92,204 94.7% 221,175 95.4% 354,369 95.8%Hispanic or Latino Population (2000) 711 5.9% 5,136 5.3% 10,719 4.6% 15,550 4.2%Not Hispanic or Latino Population 5yr (2014) 9,724 90.3% 85,041 91.2% 209,148 92.3% 346,224 93.0%Hispanic or Latino Population 5yr (2014) 1,041 9.7% 8,164 8.8% 17,355 7.7% 25,860 7.0%Historical Annual Change (1990-2000) 277 6.4% 1,755 5.2% 3,553 5.0% 5,176 5.0%Projected Annual Change (2000-2014) 331 3.3% 3,028 4.2% 6,636 4.4% 10,310 4.7%

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- 2 of 9 -©2009, Sites USA, Chandler, Arizona, 480-491-1112 Demographic Source: Applied Geographic Solutions / TIGER Geography 07/09

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DEMOGRAPHIC PROFILE COMPLETE 1990 - 2000 Census, 2009 Estimates & 2014 ProjectionsCalculated using Proportional Block GroupsPrepared ForTargetLat/Lon: 36.812247/-76.07198

RF9

LYNNHAVEN MALL Virginia Beach, Virginia

7.00 mi radius

November 2009

1.00 mi radius 3.00 mi radius 5.00 mi radius

Age Distribution (2009)Total Population 11,404 97,092 231,753 376,383 Age 0 to 4 yrs 874 7.7% 6,847 7.1% 15,342 6.6% 23,986 6.4%Age 5 to 9 yrs 899 7.9% 6,934 7.1% 15,935 6.9% 25,035 6.7%Age 10 to 14 yrs 931 8.2% 7,095 7.3% 16,884 7.3% 26,706 7.1%Age 15 to 19 yrs 975 8.5% 7,558 7.8% 17,780 7.7% 27,909 7.4%Age 20 to 24 yrs 889 7.8% 8,091 8.3% 17,405 7.5% 25,750 6.8%Age 25 to 29 yrs 856 7.5% 7,786 8.0% 16,560 7.1% 25,074 6.7%Age 30 to 34 yrs 817 7.2% 7,191 7.4% 15,924 6.9% 24,945 6.6%Age 35 to 39 yrs 817 7.2% 7,371 7.6% 17,210 7.4% 27,486 7.3%Age 40 to 44 yrs 917 8.0% 7,604 7.8% 18,904 8.2% 30,800 8.2%Age 45 to 49 yrs 791 6.9% 7,236 7.5% 18,878 8.1% 31,226 8.3%Age 50 to 54 yrs 678 5.9% 6,184 6.4% 16,214 7.0% 27,723 7.4%Age 55 to 59 yrs 638 5.6% 5,185 5.3% 12,879 5.6% 22,098 5.9%Age 60 to 64 yrs 513 4.5% 4,196 4.3% 10,294 4.4% 17,533 4.7%Age 65 to 69 yrs 372 3.3% 2,849 2.9% 7,399 3.2% 12,957 3.4%Age 70 to 74 yrs 213 1.9% 1,998 2.1% 5,338 2.3% 9,584 2.5%Age 75 to 79 yrs 118 1.0% 1,386 1.4% 3,962 1.7% 7,714 2.0%Age 80 to 84 yrs 61 0.5% 885 0.9% 2,555 1.1% 5,151 1.4%Age 85 yrs plus 45 0.4% 696 0.7% 2,290 1.0% 4,706 1.3%Median Age 31.4 yrs 32.6 yrs 34.6 yrs 36.2 yrsAge 19 yrs or less 3,679 32.3% 28,434 29.3% 65,941 28.5% 103,636 27.5%Age 20 to 64 years 6,916 60.6% 60,845 62.7% 144,269 62.3% 232,635 61.8%Age 65 years Plus 810 7.1% 7,813 8.0% 21,544 9.3% 40,112 10.7%

Female Age Distribution (2009)Female Population 5,779 50.7% 49,239 50.7% 117,882 50.9% 192,159 51.1% Age 0 to 4 yrs 420 7.3% 3,339 6.8% 7,514 6.4% 11,684 6.1% Age 5 to 9 yrs 439 7.6% 3,356 6.8% 7,708 6.5% 12,176 6.3% Age 10 to 14 yrs 463 8.0% 3,500 7.1% 8,322 7.1% 13,206 6.9% Age 15 to 19 yrs 494 8.5% 3,675 7.5% 8,790 7.5% 13,774 7.2% Age 20 to 24 yrs 448 7.7% 3,907 7.9% 8,386 7.1% 12,538 6.5% Age 25 to 29 yrs 438 7.6% 3,818 7.8% 8,109 6.9% 12,296 6.4% Age 30 to 34 yrs 414 7.2% 3,528 7.2% 7,869 6.7% 12,376 6.4% Age 35 to 39 yrs 385 6.7% 3,513 7.1% 8,295 7.0% 13,394 7.0% Age 40 to 44 yrs 461 8.0% 3,815 7.7% 9,549 8.1% 15,627 8.1% Age 45 to 49 yrs 392 6.8% 3,780 7.7% 9,846 8.4% 16,205 8.4% Age 50 to 54 yrs 366 6.3% 3,360 6.8% 8,607 7.3% 14,584 7.6% Age 55 to 59 yrs 346 6.0% 2,811 5.7% 6,872 5.8% 11,739 6.1% Age 60 to 64 yrs 262 4.5% 2,244 4.6% 5,422 4.6% 9,253 4.8% Age 65 to 69 yrs 215 3.7% 1,632 3.3% 4,182 3.5% 7,246 3.8% Age 70 to 74 yrs 102 1.8% 1,106 2.2% 2,931 2.5% 5,285 2.8% Age 75 to 79 yrs 68 1.2% 826 1.7% 2,294 1.9% 4,423 2.3% Age 80 to 84 yrs 38 0.7% 556 1.1% 1,616 1.4% 3,108 1.6% Age 85 yrs plus 28 0.5% 471 1.0% 1,568 1.3% 3,246 1.7%Female Median Age 31.9 yrs 33.8 yrs 35.7 yrs 37.3 yrs Age 19 yrs or less 1,815 31.4% 13,870 28.2% 32,335 27.4% 50,840 26.5% Age 20 to 64 years 3,512 60.8% 30,776 62.5% 72,955 61.9% 118,011 61.4% Age 65 years Plus 452 7.8% 4,592 9.3% 12,591 10.7% 23,309 12.1%

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- 3 of 9 -©2009, Sites USA, Chandler, Arizona, 480-491-1112 Demographic Source: Applied Geographic Solutions / TIGER Geography 07/09

Page 15: Lynnhaven Mall Virginia Beach VA - Jet Trip Checklist 4 · Updated 11/17/2009 3. Site Location: Existing Dillard’s site totals 200,000 square feet on two levels.The entire Lynnhaven

DEMOGRAPHIC PROFILE COMPLETE 1990 - 2000 Census, 2009 Estimates & 2014 ProjectionsCalculated using Proportional Block GroupsPrepared ForTargetLat/Lon: 36.812247/-76.07198

RF9

LYNNHAVEN MALL Virginia Beach, Virginia

7.00 mi radius

November 2009

1.00 mi radius 3.00 mi radius 5.00 mi radius

Male Age Distribution (2009)Male Population 5,625 49.3% 47,853 49.3% 113,872 49.1% 184,224 48.9% Age 0 to 4 yrs 454 8.1% 3,508 7.3% 7,827 6.9% 12,301 6.7% Age 5 to 9 yrs 460 8.2% 3,577 7.5% 8,227 7.2% 12,860 7.0% Age 10 to 14 yrs 468 8.3% 3,595 7.5% 8,561 7.5% 13,500 7.3% Age 15 to 19 yrs 481 8.6% 3,883 8.1% 8,990 7.9% 14,135 7.7% Age 20 to 24 yrs 441 7.8% 4,184 8.7% 9,020 7.9% 13,213 7.2% Age 25 to 29 yrs 418 7.4% 3,968 8.3% 8,451 7.4% 12,779 6.9% Age 30 to 34 yrs 402 7.2% 3,663 7.7% 8,055 7.1% 12,569 6.8% Age 35 to 39 yrs 432 7.7% 3,859 8.1% 8,915 7.8% 14,092 7.6% Age 40 to 44 yrs 455 8.1% 3,788 7.9% 9,355 8.2% 15,174 8.2% Age 45 to 49 yrs 399 7.1% 3,456 7.2% 9,032 7.9% 15,021 8.2% Age 50 to 54 yrs 312 5.6% 2,824 5.9% 7,607 6.7% 13,139 7.1% Age 55 to 59 yrs 292 5.2% 2,374 5.0% 6,007 5.3% 10,359 5.6% Age 60 to 64 yrs 251 4.5% 1,952 4.1% 4,872 4.3% 8,280 4.5% Age 65 to 69 yrs 157 2.8% 1,216 2.5% 3,216 2.8% 5,710 3.1% Age 70 to 74 yrs 111 2.0% 892 1.9% 2,407 2.1% 4,299 2.3% Age 75 to 79 yrs 50 0.9% 559 1.2% 1,668 1.5% 3,291 1.8% Age 80 to 84 yrs 23 0.4% 328 0.7% 939 0.8% 2,043 1.1% Age 85 yrs plus 17 0.3% 225 0.5% 722 0.6% 1,460 0.8%Male Median Age 30.8 yrs 31.4 yrs 33.5 yrs 35.0 yrs Age 19 yrs or less 1,863 33.1% 14,564 30.4% 33,606 29.5% 52,796 28.7% Age 20 to 64 years 3,404 60.5% 30,069 62.8% 71,313 62.6% 114,625 62.2% Age 65 years Plus 358 6.4% 3,221 6.7% 8,952 7.9% 16,803 9.1%

Males per 100 Females, Male % Pop (2009)Overall Comparison 97 97 97 96 Age 0 to 4 yrs 108 52.0% 105 51.2% 104 51.0% 105 51.3% Age 5 to 9 yrs 105 51.2% 107 51.6% 107 51.6% 106 51.4% Age 10 to 14 yrs 101 50.3% 103 50.7% 103 50.7% 102 50.6% Age 15 to 19 yrs 98 49.4% 106 51.4% 102 50.6% 103 50.6% Age 20 to 24 yrs 99 49.6% 107 51.7% 108 51.8% 105 51.3% Age 25 to 29 yrs 96 48.9% 104 51.0% 104 51.0% 104 51.0% Age 30 to 34 yrs 97 49.3% 104 50.9% 102 50.6% 102 50.4% Age 35 to 39 yrs 112 52.8% 110 52.3% 107 51.8% 105 51.3% Age 40 to 44 yrs 99 49.7% 99 49.8% 98 49.5% 97 49.3% Age 45 to 49 yrs 102 50.4% 91 47.8% 92 47.8% 93 48.1% Age 50 to 54 yrs 85 46.1% 84 45.7% 88 46.9% 90 47.4% Age 55 to 59 yrs 85 45.8% 84 45.8% 87 46.6% 88 46.9% Age 60 to 64 yrs 96 49.0% 87 46.5% 90 47.3% 89 47.2% Age 65 to 69 yrs 73 42.2% 75 42.7% 77 43.5% 79 44.1% Age 70 to 74 yrs 109 52.1% 81 44.6% 82 45.1% 81 44.9% Age 75 to 79 yrs 73 42.4% 68 40.4% 73 42.1% 74 42.7% Age 80 to 84 yrs 59 37.1% 59 37.1% 58 36.8% 66 39.7% Age 85 yrs plus 61 38.0% 48 32.4% 46 31.5% 45 31.0% Age 19 yrs or less 103 50.6% 105 51.2% 104 51.0% 104 50.9% Age 20 to 39 yrs 101 50.1% 106 51.5% 105 51.3% 104 51.0% Age 40 to 64 yrs 94 48.3% 90 47.3% 92 47.8% 92 47.9% Age 65 years Plus 79 44.2% 70 41.2% 71 41.6% 72 41.9%

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- 4 of 9 -©2009, Sites USA, Chandler, Arizona, 480-491-1112 Demographic Source: Applied Geographic Solutions / TIGER Geography 07/09

Page 16: Lynnhaven Mall Virginia Beach VA - Jet Trip Checklist 4 · Updated 11/17/2009 3. Site Location: Existing Dillard’s site totals 200,000 square feet on two levels.The entire Lynnhaven

DEMOGRAPHIC PROFILE COMPLETE 1990 - 2000 Census, 2009 Estimates & 2014 ProjectionsCalculated using Proportional Block GroupsPrepared ForTargetLat/Lon: 36.812247/-76.07198

RF9

LYNNHAVEN MALL Virginia Beach, Virginia

7.00 mi radius

November 2009

1.00 mi radius 3.00 mi radius 5.00 mi radius

Household Type (2009)Total Households 3,811 35,045 84,483 139,657 Households with Children 1,751 45.9% 14,082 40.2% 33,105 39.2% 52,345 37.5%Average Household Size 2.96 2.70 2.67 2.62 Est. Household Density 1,213.78 psm 1,259.81 psm 1,127.87 psm 1,025.87 psmPopulation Family 9,705 85.1% 78,633 81.0% 188,994 81.5% 307,856 81.8%Population Non-Family 1,594 14.0% 15,961 16.4% 36,284 15.7% 58,688 15.6%Population Group Qtrs 106 0.9% 2,498 2.6% 6,475 2.8% 9,839 2.6%Family Households 2,765 72.5% 23,683 67.6% 57,712 68.3% 94,876 67.9% Married Couple Hhlds 1,812 65.5% 15,994 67.5% 40,949 71.0% 69,016 72.7% Other Family Hhlds 953 34.5% 7,689 32.5% 16,763 29.0% 25,860 27.3% Family Households With Children 1,734 62.7% 13,924 58.8% 32,749 56.7% 51,794 54.6% Married Couple With Children 1,004 57.9% 8,384 60.2% 20,903 63.8% 33,848 65.4% Other Family Hhlds With Children 730 42.1% 5,540 39.8% 11,846 36.2% 17,947 34.6% Family Households No Children 1,030 37.3% 9,759 41.2% 24,964 43.3% 43,082 45.4% Married Couple No Children 808 78.4% 7,610 78.0% 20,046 80.3% 35,169 81.6% Other Family Households No Children 222 21.6% 2,149 22.0% 4,917 19.7% 7,913 18.4% Average Family Household Size 3.51 3.32 3.27 3.24 Average Family Income $64,800 $67,775 $78,190 $84,544 Median Family Income $55,110 $61,066 $70,222 $74,401 Non-Family Households 1,047 27.5% 11,363 32.4% 26,770 31.7% 44,781 32.1% Non-Family Hhlds With Children 16 1.6% 158 1.4% 356 1.3% 551 1.2% Non-Family Hhld No Children 1,030 98.4% 11,204 98.6% 26,414 98.7% 44,230 98.8% N-F Hhld Lone Person No Children 789 75.4% 8,626 75.9% 20,573 76.8% 35,057 78.3% Lone Male Householder 405 51.4% 3,876 44.9% 9,001 43.7% 15,152 43.2% Lone Female Householder 384 48.6% 4,750 55.1% 11,572 56.3% 19,904 56.8% N-F Hhld 2+ Persons No Children 241 23.0% 2,578 22.7% 5,842 21.8% 9,174 20.5% Average Non-Family Hhld Size 1.52 1.40 1.36 1.31

Marital Status (2009)(15 Years or Older) 8,689 76,285 183,605 300,566 Never Married 2,287 26.3% 21,182 27.8% 47,810 26.0% 76,157 25.3%Now Married 4,707 54.2% 39,691 52.0% 99,652 54.3% 165,141 54.9%Previously Married 1,696 19.5% 15,412 20.2% 36,144 19.7% 59,268 19.7% Separated 559 33.0% 4,876 31.6% 10,793 29.9% 16,892 28.5% Widowed 306 18.1% 2,889 18.7% 7,636 21.1% 13,804 23.3% Divorced 831 49.0% 7,647 49.6% 17,714 49.0% 28,572 48.2%

Educational Attainment (2009)Adult Population (25 Years or Older) 6,837 60,567 148,407 246,997 Elementary (0 to 8) 96 1.4% 1,079 1.8% 2,506 1.7% 3,866 1.6%Some High School (9 to 11) 568 8.3% 3,749 6.2% 7,638 5.1% 11,741 4.8%High School Graduate (12) 2,347 34.3% 18,599 30.7% 41,025 27.6% 65,473 26.5%Some College (13 to 16) 1,817 26.6% 15,407 25.4% 36,004 24.3% 58,320 23.6%Associate Degree Only 835 12.2% 7,193 11.9% 16,332 11.0% 25,892 10.5%Bachelor Degree Only 900 13.2% 10,559 17.4% 29,931 20.2% 53,770 21.8%Graduate Degree 274 4.0% 3,981 6.6% 14,972 10.1% 27,935 11.3%Any College + (Some College or higher 3,826 56.0% 37,140 61.3% 97,239 65.5% 165,918 67.2%College Degree + (Bachelor Degree or higher 1,174 17.2% 14,540 24.0% 44,903 30.3% 81,705 33.1%

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- 5 of 9 -©2009, Sites USA, Chandler, Arizona, 480-491-1112 Demographic Source: Applied Geographic Solutions / TIGER Geography 07/09

Page 17: Lynnhaven Mall Virginia Beach VA - Jet Trip Checklist 4 · Updated 11/17/2009 3. Site Location: Existing Dillard’s site totals 200,000 square feet on two levels.The entire Lynnhaven

DEMOGRAPHIC PROFILE COMPLETE 1990 - 2000 Census, 2009 Estimates & 2014 ProjectionsCalculated using Proportional Block GroupsPrepared ForTargetLat/Lon: 36.812247/-76.07198

RF9

LYNNHAVEN MALL Virginia Beach, Virginia

7.00 mi radius

November 2009

1.00 mi radius 3.00 mi radius 5.00 mi radius

Housing (2009)Total Housing Units 4,160 38,247 91,893 153,336 Housing Units, Occupied 3,811 91.6% 35,045 91.6% 84,483 91.9% 139,657 91.1% Housing Units, Owner-Occupied 2,419 63.5% 21,860 62.4% 56,135 66.4% 95,387 68.3% Housing Units, Renter-Occupied 1,393 36.5% 13,186 37.6% 28,348 33.6% 44,269 31.7%Housing Units, Vacant 349 8.4% 3,201 8.4% 7,410 8.1% 13,679 8.9%Total Housing Units (2000) 4,054 35,532 85,366 140,258 Historical Annual Change (2000-2009) 107 0.3% 2,715 0.8% 6,527 0.8% 13,078 1.0%

Household Size (2009)Total Households 3,811 35,045 84,483 139,657 1 Person Household 789 20.7% 8,626 24.6% 20,573 24.4% 35,057 25.1%2 Person Households 955 25.1% 9,762 27.9% 24,490 29.0% 41,396 29.6%3 Person Households 751 19.7% 6,719 19.2% 15,966 18.9% 25,625 18.3%4 Person Households 736 19.3% 5,994 17.1% 14,503 17.2% 23,433 16.8%5 Person Households 356 9.3% 2,559 7.3% 5,981 7.1% 9,569 6.9%6 Person Households 150 3.9% 947 2.7% 2,084 2.5% 3,220 2.3%7+ Person Households 75 2.0% 438 1.2% 885 1.0% 1,358 1.0%

Household Stability (2009)Total Households 3,811 35,045 84,483 139,657 In current residence < 1 year 873 22.9% 8,583 24.5% 19,204 22.7% 30,286 21.7%In current residence 1-2 years 1,063 27.9% 10,652 30.4% 24,315 28.8% 39,058 28.0%In current residence 3-5 years 681 17.9% 6,017 17.2% 15,164 17.9% 25,679 18.4%In current residence 6-10 years 496 13.0% 4,067 11.6% 10,864 12.9% 18,261 13.1%In current residence > 10 years 698 18.3% 5,727 16.3% 14,937 17.7% 26,373 18.9%Turnover (% Annual Residential Turnover) 22.9% 24.5% 22.7% 21.7%Stability (% In Current Residence 5+ Years) 31.3% 27.9% 30.5% 32.0%Median Years in Residence 3.2 yrs 2.9 yrs 3.3 yrs 3.4 yrs

Household Vehicles (2009)Total Vehicles Available 7,687 68,013 169,349 279,110 Household: 0 Vehicles Available 89 2.3% 1,218 3.5% 3,306 3.9% 5,394 3.9%Household: 1 Vehicles Available 1,174 30.8% 11,103 31.7% 25,153 29.8% 41,292 29.6%Household: 2 Vehicles Available 1,614 42.3% 15,413 44.0% 37,373 44.2% 61,765 44.2%Household: 3+ Vehicles Available 934 24.5% 7,312 20.9% 18,651 22.1% 31,205 22.3%Average Per Household 2.0 Vehicles 1.9 Vehicles 2.0 Vehicles 2.0 Vehicles

Owner Occupied Hhlds Vehicles 5,443 70.8% 46,712 68.7% 122,051 72.1% 207,732 74.4% Average Per Owner Household 2.3 Vehicles 2.1 Vehicles 2.2 Vehicles 2.2 Vehicles Renter Occupied Hhlds Vehicles 2,244 29.2% 21,301 31.3% 47,298 27.9% 71,378 25.6% Average Per Renter Household 1.6 Vehicles 1.6 Vehicles 1.7 Vehicles 1.6 Vehicles

Travel Time (2000)Worker Base (16 Years or Older) 6,088 52,555 123,563 195,747 Travel to Work in 14 Minutes or Less 1,631 26.8% 12,840 24.4% 28,711 23.2% 43,875 22.4%Travel to Work in 15 to 29 Minutes 2,496 41.0% 23,875 45.4% 56,273 45.5% 89,143 45.5%Travel to Work in 30 to 59 Minutes 1,552 25.5% 12,986 24.7% 31,549 25.5% 50,487 25.8%Travel to Work in 60 Minutes or More 223 3.7% 1,826 3.5% 4,294 3.5% 7,207 3.7%Work at Home 187 3.1% 1,027 2.0% 2,736 2.2% 5,035 2.6%Average Travel Time to Work 21.4 mins 22.3 mins 22.6 mins 22.9 mins

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- 6 of 9 -©2009, Sites USA, Chandler, Arizona, 480-491-1112 Demographic Source: Applied Geographic Solutions / TIGER Geography 07/09

Page 18: Lynnhaven Mall Virginia Beach VA - Jet Trip Checklist 4 · Updated 11/17/2009 3. Site Location: Existing Dillard’s site totals 200,000 square feet on two levels.The entire Lynnhaven

DEMOGRAPHIC PROFILE COMPLETE 1990 - 2000 Census, 2009 Estimates & 2014 ProjectionsCalculated using Proportional Block GroupsPrepared ForTargetLat/Lon: 36.812247/-76.07198

RF9

LYNNHAVEN MALL Virginia Beach, Virginia

7.00 mi radius

November 2009

1.00 mi radius 3.00 mi radius 5.00 mi radius

Transportation To Work (2000)Work Base 6,088 52,555 123,563 195,747 Drive to Work Alone 4,770 78.4% 42,164 80.2% 100,833 81.6% 161,129 82.3%Drive to Work in Carpool 892 14.6% 6,925 13.2% 14,760 11.9% 21,370 10.9%Travel to Work - Public Transportation 11 0.2% 445 0.8% 1,047 0.8% 1,469 0.8%Drive to Work on Motorcycle 3 0.1% 58 0.1% 134 0.1% 233 0.1%Bicycle to Work 18 0.3% 164 0.3% 426 0.3% 683 0.3%Walk to Work 140 2.3% 1,167 2.2% 2,222 1.8% 3,604 1.8%Other Means 67 1.1% 605 1.2% 1,405 1.1% 2,223 1.1%Work at Home 187 3.1% 1,027 2.0% 2,736 2.2% 5,035 2.6%

Daytime Demos (2009)Total Number of Businesses 759 3,815 8,453 13,835 Total Number of Employees 12,911 56,795 119,106 178,241 Company Headqtrs: Businesses 7 1.0% 20 0.5% 30 0.4% 37 0.3%Company Headqtrs: Employees 927 7.2% 2,292 4.0% 3,902 3.3% 4,397 2.5%Employee Population per BusinessResidential Population per BusinessEst. Adj. Daytime Demographics (Age16+) 15,729 79,533 176,370 274,925

Labor Force (2009)Labor: Population Age 16+ 8,503 74,836 180,102 294,930 Unemployment Rate 7.1% 5.3% 4.4% 4.3% Labor Force Total: Males 4,128 48.5% 36,460 48.7% 87,470 48.6% 142,628 48.4% Male civilian employed 2,594 62.9% 22,795 62.5% 54,190 62.0% 89,013 62.4% Male civilian unemployed 335 8.1% 1,859 5.1% 3,847 4.4% 6,106 4.3% Males in Armed Forces 395 9.6% 4,858 13.3% 11,004 12.6% 16,518 11.6% Males not in labor force 803 19.5% 6,948 19.1% 18,429 21.1% 30,991 21.7% Labor Force Total: Females 4,375 51.5% 38,376 51.3% 92,631 51.4% 152,302 51.6% Female civilian employed 2,607 59.6% 23,574 61.4% 55,886 60.3% 89,931 59.0% Female civilian unemployed 270 6.2% 2,095 5.5% 4,142 4.5% 6,455 4.2% Females in Armed Forces 89 2.0% 871 2.3% 1,757 1.9% 2,783 1.8% Females not in labor force 1,410 32.2% 11,836 30.8% 30,846 33.3% 53,133 34.9%Employment Force Change (2000-2009) -204 -3.8% 1,132 2.5% 3,196 3.0% 8,309 4.9% Male Change (2000-2009) -125 -4.6% 673 3.0% 1,801 3.4% 4,286 5.1% Female Change (2000-2009) -79 -2.9% 458 2.0% 1,395 2.6% 4,023 4.7%

Occupation (2000)Occupation: Population Age 16+ 5,405 45,237 106,881 170,635 Occupation Total: Males 2,719 50.3% 22,121 48.9% 52,389 49.0% 84,727 49.7% Occupation Total: Females 2,686 49.7% 23,116 51.1% 54,492 51.0% 85,907 50.3% Mgmt, Business, & Financial Operations 431 8.0% 5,086 11.2% 13,802 12.9% 23,806 14.0% Professional and Related 689 12.8% 8,121 18.0% 22,415 21.0% 37,042 21.7% Service 1,106 20.5% 7,704 17.0% 16,771 15.7% 25,540 15.0% Sales and Office 1,649 30.5% 14,168 31.3% 32,501 30.4% 51,606 30.2% Farming, Fishing, and Forestry 7 0.1% 47 0.1% 98 0.1% 189 0.1% Construction, Extraction, & Maintenance 770 14.3% 5,212 11.5% 11,153 10.4% 17,041 10.0% Production, Transport, & Material Moving 752 13.9% 4,900 10.8% 10,142 9.5% 15,411 9.0% White Collar 51.2% 60.5% 64.3% 65.9% Blue Collar 48.8% 39.5% 35.7% 34.1%

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17.0 to 1 14.9 to 1 14.1 to 1 12.9 to 115.0 to 1 25.4 to 1 27.4 to 1 27.2 to 1

- 7 of 9 -©2009, Sites USA, Chandler, Arizona, 480-491-1112 Demographic Source: Applied Geographic Solutions / TIGER Geography 07/09

Page 19: Lynnhaven Mall Virginia Beach VA - Jet Trip Checklist 4 · Updated 11/17/2009 3. Site Location: Existing Dillard’s site totals 200,000 square feet on two levels.The entire Lynnhaven

DEMOGRAPHIC PROFILE COMPLETE 1990 - 2000 Census, 2009 Estimates & 2014 ProjectionsCalculated using Proportional Block GroupsPrepared ForTargetLat/Lon: 36.812247/-76.07198

RF9

LYNNHAVEN MALL Virginia Beach, Virginia

7.00 mi radius

November 2009

1.00 mi radius 3.00 mi radius 5.00 mi radius

Units In Structure (2000)Total Units 4,054 35,532 85,366 140,258 1 Detached Unit 2,013 49.7% 18,272 51.4% 47,462 55.6% 79,892 57.0% 1 Attached Unit 1,188 29.3% 7,971 22.4% 16,232 19.0% 24,901 17.8% 2 Units 42 1.0% 325 0.9% 1,159 1.4% 2,476 1.8% 3 to 4 Units 62 1.5% 2,124 6.0% 5,039 5.9% 7,696 5.5% 5 to 9 Units 350 8.6% 3,283 9.2% 7,142 8.4% 10,905 7.8% 10 to 19 Units 148 3.7% 1,495 4.2% 3,258 3.8% 5,465 3.9% 20 to 49 Units 116 2.9% 787 2.2% 1,340 1.6% 2,271 1.6% 50 or more Units 41 1.0% 783 2.2% 2,068 2.4% 4,555 3.2% Mobile Home or Trailer 92 2.3% 484 1.4% 1,640 1.9% 2,058 1.5% Other Structure 0 - 7 0.0% 24 0.0% 39 0.0%

Homes Built By Year (2000)Homes Built 1999 to 2000 34 0.8% 745 2.1% 1,459 1.7% 2,435 1.7%Homes Built 1995 to 1998 150 3.7% 1,566 4.4% 4,332 5.1% 8,058 5.7%Homes Built 1990 to 1994 130 3.2% 2,821 7.9% 8,278 9.7% 13,776 9.8%Homes Built 1980 to 1989 751 18.5% 11,386 32.0% 31,333 36.7% 47,053 33.5%Homes Built 1970 to 1979 1,613 39.8% 10,846 30.5% 21,542 25.2% 35,012 25.0%Homes Built 1960 to 1969 1,229 30.3% 6,271 17.7% 12,730 14.9% 20,388 14.5%Homes Built 1950 to 1959 111 2.7% 1,576 4.4% 4,349 5.1% 9,713 6.9%Homes Built 1940 to 1949 19 0.5% 196 0.6% 827 1.0% 2,293 1.6%Homes Built Before 1939 16 0.4% 125 0.4% 515 0.6% 1,529 1.1%Median Age of Homes 25.2 yrs 21.5 yrs 20.2 yrs 21.2 yrs

Home Values (2000)Owner Specified Housing Units 2,254 19,263 49,131 81,152 Home Values $1,000,000 or More 0 - 12 0.1% 89 0.2% 254 0.3% Home Values $750,000 or $999,999 0 - 0 - 179 0.4% 508 0.6% Home Values $500,000 or $749,999 0 - 29 0.1% 308 0.6% 947 1.2% Home Values $400,000 to $499,999 0 - 35 0.2% 503 1.0% 1,465 1.8% Home Values $300,000 to $399,999 0 - 81 0.4% 1,072 2.2% 2,908 3.6% Home Values $250,000 to $299,999 7 0.3% 114 0.6% 914 1.9% 2,324 2.9% Home Values $200,000 to $249,999 1 0.1% 245 1.3% 2,575 5.2% 5,111 6.3% Home Values $175,000 to $199,999 20 0.9% 478 2.5% 3,221 6.6% 5,649 7.0% Home Values $150,000 to $174,999 22 1.0% 885 4.6% 4,468 9.1% 7,745 9.5% Home Values $125,000 to $149,999 92 4.1% 1,916 9.9% 7,017 14.3% 11,937 14.7% Home Values $100,000 to $124,999 337 14.9% 4,866 25.3% 10,151 20.7% 16,254 20.0% Home Values $90,000 to $99,999 499 22.1% 3,709 19.3% 6,676 13.6% 9,075 11.2% Home Values $80,000 to $89,999 591 26.2% 2,745 14.2% 4,971 10.1% 6,966 8.6% Home Values $70,000 to $79,999 273 12.1% 1,809 9.4% 3,350 6.8% 4,810 5.9% Home Values $60,000 to $69,999 196 8.7% 1,221 6.3% 2,005 4.1% 2,911 3.6% Home Values $50,000 to $59,999 148 6.6% 815 4.2% 1,160 2.4% 1,579 1.9% Home Values $35,000 to $49,999 53 2.3% 277 1.4% 367 0.7% 548 0.7% Home Values $25,000 to $34,999 0 - 10 0.1% 59 0.1% 85 0.1% Home Values $10,000 to $24,999 0 - 0 - 30 0.1% 58 0.1% Home Values $0 to $9,999 16 0.7% 16 0.1% 16 0.0% 17 0.0%Owner Occupied Median Home Value $86,520 $103,005 $130,235 $144,282 Renter Occupied Median Rent $605 $623 $645 $648

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- 8 of 9 -©2009, Sites USA, Chandler, Arizona, 480-491-1112 Demographic Source: Applied Geographic Solutions / TIGER Geography 07/09

Page 20: Lynnhaven Mall Virginia Beach VA - Jet Trip Checklist 4 · Updated 11/17/2009 3. Site Location: Existing Dillard’s site totals 200,000 square feet on two levels.The entire Lynnhaven

DEMOGRAPHIC PROFILE COMPLETE 1990 - 2000 Census, 2009 Estimates & 2014 ProjectionsCalculated using Proportional Block GroupsPrepared ForTargetLat/Lon: 36.812247/-76.07198

RF9

LYNNHAVEN MALL Virginia Beach, Virginia

7.00 mi radius

November 2009

1.00 mi radius 3.00 mi radius 5.00 mi radius

Consumer Expenditure (Annual Total)Total Household Expenditure (2009) Total Non-Retail Expenditures (2009) Total Retail Expenditures (2009)

Apparel (2009)Contributions (2009)Education (2009)Entertainment (2009)Food And Beverages (2009)Furnishings And Equipment (2009)Gifts (2009)Health Care (2009)Household Operations (2009)Miscellaneous Expenses (2009)Personal Care (2009)Personal Insurance (2009)Reading (2009)Shelter (2009)Tobacco (2009)Transportation (2009)Utilities (2009)

Consumer Expenditure (per Household per Month)Total Household Expenditure (2009) $4,001 $4,100 $4,494 $4,729 Total Non-Retail Expenditures (2009) $2,305 57.6% $2,363 57.6% $2,593 57.7% $2,730 57.7% Total Retail Expenditures (2009) $1,696 42.4% $1,738 42.4% $1,900 42.3% $1,999 42.3%

Apparel (2009) $192 4.8% $196 4.8% $215 4.8% $226 4.8%Contributions (2009) $137 3.4% $142 3.5% $164 3.7% $178 3.8%Education (2009) $86 2.2% $91 2.2% $106 2.4% $115 2.4%Entertainment (2009) $223 5.6% $229 5.6% $252 5.6% $266 5.6%Food And Beverages (2009) $624 15.6% $635 15.5% $687 15.3% $718 15.2%Furnishings And Equipment (2009) $173 4.3% $179 4.4% $200 4.4% $212 4.5%Gifts (2009) $98 2.5% $103 2.5% $118 2.6% $127 2.7%Health Care (2009) $250 6.2% $254 6.2% $272 6.1% $284 6.0%Household Operations (2009) $137 3.4% $142 3.5% $161 3.6% $172 3.6%Miscellaneous Expenses (2009) $68 1.7% $69 1.7% $75 1.7% $79 1.7%Personal Care (2009) $58 1.5% $60 1.5% $65 1.4% $68 1.4%Personal Insurance (2009) $39 1.0% $40 1.0% $46 1.0% $49 1.0%Reading (2009) $13 0.3% $13 0.3% $15 0.3% $15 0.3%Shelter (2009) $762 19.0% $783 19.1% $863 19.2% $912 19.3%Tobacco (2009) $28 0.7% $28 0.7% $29 0.6% $30 0.6%Transportation (2009) $824 20.6% $843 20.6% $913 20.3% $954 20.2%Utilities (2009) $289 7.2% $294 7.2% $313 7.0% $326 6.9%

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y.$105,431,131 $182,980,198 $1,724,415,651 $4,555,510,259 $7,925,502,856

$993,661,690 $2,628,903,220 $4,575,731,897 $77,549,064 $730,753,958 $1,926,607,045 $3,349,770,964

$8,768,935 $82,222,883 $217,629,120 $378,955,382 $6,253,576 $59,557,301 $166,564,052 $298,518,594 $3,947,576 $38,073,204 $107,238,774 $192,019,911

$10,184,893 $96,270,785 $255,549,902 $445,478,180 $28,560,478 $267,239,012 $696,058,536 $1,202,722,241 $7,897,080 $75,340,186 $202,544,454 $355,015,671 $4,499,070 $43,231,181 $119,377,267 $212,032,141

$11,419,241 $107,003,205 $276,214,794 $475,865,475 $6,251,379 $59,549,504 $163,080,470 $288,404,108 $3,095,957 $29,221,260 $76,123,345 $131,561,964 $2,666,179 $25,125,542 $66,053,351 $114,655,272 $1,781,488 $16,957,520 $46,599,540 $82,598,482

$591,143 $5,619,465 $14,895,781 $25,973,648 $34,857,501 $329,225,219 $875,366,818 $1,527,787,659 $1,288,708 $11,850,057 $29,485,971 $49,901,096

$37,677,293 $354,462,321 $925,187,456 $1,598,462,973 $13,239,701 $123,467,007 $317,540,638 $545,550,085

- 9 of 9 -©2009, Sites USA, Chandler, Arizona, 480-491-1112 Demographic Source: Applied Geographic Solutions / TIGER Geography 07/09