Various Parcels For Sale Sunset Blvd.

Development Site

378

SITE
B LV D

Sunset Boulevard (US Hwy 378) Lexington, SC

SU

NS

ET

CONTACT EXCLUSIVE BROKERS: Benjamin E. Kelly, III, CCIM @ 803.744.9830 or bkelly@naiavant.com C. Patrick Chambers @ 803.744.9857 or pchambers@naiavant.com

The information submitted herein was obtained from sources deemed to be reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.

Executive Summary
LOCATION: The 67 acre site is located on Sunset Boulevard (US Highway 378), approximately 1.5 miles West of the intersection of I-20 at Exit 61 in Lexington, SC. Highway 378 is the major thoroughfare connecting Columbia and the thriving Lexington submarket. The corridor has been one of the fastest growing in the Columbia Metro region the past decade. 67 acres of developable property Outparcels can be divided to suit Larger Development Tracts can be divided to suit All Available at Site: Water Supply - Town of Lexington Sewer Supply - Town of Lexington Stormwater Detention included in master plan ID - Intense Development Lexington County Sunset Boulevard (Station 183) 31,100 VPD (East of site) Sunset Boulevard (Station 181) 36,500 VPD (West of site) The 67-acre development site enjoys approximately 2,555 linear feet of frontage on U.S. Highway 378 (Sunset Boulevard) with excellent access from Sunset Boulevard and I-20. The site is the last large development tract on U.S. 378 east of Lexington on the going home side between Columbia and Lexington. The property can be purchased in its entirety or subdivided into smaller development parcels. Access is to be provided by two proposed signalized intersections with additional access points to be determined by use. New retail developments in close proximity to the site include Target, Best Buy, World Market, PetSmart, Home Depot and many others. $12.00 per square foot Proposed site plan attached. $11,055,000 ($165,000/acre) Any parcel less than the total 67-acre parcel (excluding outparcels) will be priced on demand. Ben Kelly, CCIM Patrick Chambers 803.744.9830 803.744.9857

SITE SIZES:

UTILITIES:

ZONING: TRAFFIC COUNTS (2009): COMMENTS:

OUTPARCEL PRICES: TOTAL SITE PRICE: SUBDIVIDED DEVELOPMENT PARCELS: FOR FURTHER INFORMATION CONTACT:

Location Map

N
2009 Traffic Count 36,500 VPD

378

Proposed Traffic Light

SITE

Corl ey Mill Rd
OPERATIONS CENTER

2009 Traffic Count 29,600 VPD

New High School Site Projected Opening: 2013 Projected Enrollment: 2,000

BRANCH BANK

Proposed Traffic Light New Roadway connecting 378 to Ginny Lane

New Middle School Site Projected Opening: 2012 Projected Enrollment: 1,000 Twelve Mile Creek Office Condos New Elementary School Site Projected Opening: 2011 Projected Enrollment: 800

20

378

SITE

Proposed Traffic Light

This conceptual plan is for discussion purposes only based on market interest at this time

Under Contract

Outparcels can be divided to suit based on development needs. Certain outparcels may not be sold due to anchor tenant demands for view corridors.

Demographic Profile
Sunset and Hope Ferry Lexington, South Carolina
Population 2000 Census 2010 Estimate 2015 Projection % Chg. 2010-2015 Households 2000 Census 2010 Estimate 2015 Projection Average Household Size 2000 2010 2015
1 Mile 2 Miles 3 Miles 5 Miles

2,900 3,035 3,103 2.2% 1,064 1,122 1,149 2.70 2.70 2.70

9,213 11,984 13,369 11.6% 3,361 4,417 4,952 2.71 2.70 2.70

18,770 26,269 30,019 14.3% 6,971 10,004 11,546 2.56 2.60 2.60

65,432 79,714 86,856 9.0%

65,432

5 Mile Population
86,856 79,714

24,499 30,054 33,406 2.53 2.60 2.60

2000 Census

2010 Estimate

2015 Projection

Median Household Income 2010 $62,944 $62,356 $54,391 $54,272 2015 $62,805 $62,233 $54,508 $54,302 Average Household Income 2010 $71,480 $71,525 $62,756 $62,277 2015 $71,343 $71,400 $62,740 $62,224 Per Capita Household Income 2010 $26,406 $26,438 $24,256 $23,820 2015 $26,241 $26,308 $24,196 $23,717 2010 Household Income Distribution Under $25,000 10.8% 11.3% $25,000 - $50,000 23.6% 23.1% $50,000 - $75,000 29.1% 28.8% $75,000 - $125,000 28.7% 28.3% Over $125,000 7.7% 8.4% USPS Business Deliveries 2010 147 390 15.7% 25.7% 27.4% 24.0% 7.2% 1,070 17.1% 26.8% 25.8% 23.6% 6.7% 2,333
17.1%

Number of Households - 5 Miles

33,406 30,054 24,499

2000 Census

2010 Estimate

2015 Projection

2010 Household Inc. Distribution - 5 Miles

26.8% 25.8% 23.6%

6.7%

Under $25,000

$25,000 $50,000

$50,000 $75,000

$75,000 $125,000

Over $125,000

This document may not be reproduced in part or in whole without the express written permission of NAI Avant LLC. Source: Geolytics and USPS Delivery Statistics.

Demographic Profile
Sunset and Hope Ferry Lexington, South Carolina
2010 Dist. by Race White Black Native American Asian Pacific Islander Two or More Races Hispanic 2010 Age Distribution 0 to 9 10 to 19 20 to 29 30 to 39 40 to 49 50 to 59 60 to 69 70 to 79 80 Plus Median Age 2010 2015
1 Mile 2 Miles 3 Miles 5 Miles

92.0% 4.7% 0.1% 1.9% 0.0% 1.2% 3.2% 13.7% 16.3% 12.6% 12.2% 17.6% 14.7% 7.9% 3.3% 1.7% 43.6 44.4

92.3% 4.8% 0.2% 1.6% 0.0% 1.1% 3.5% 13.3% 15.8% 12.6% 11.9% 17.0% 15.1% 8.6% 3.7% 2.0% 44.8 45.5 6.5% 18.5% 24.5% 11.0% 27.2% 12.3% 58 3,397 80.7% 13.3% 6.1%

90.6% 6.4% 0.2% 1.6% 0.0% 1.1% 3.9% 13.0% 15.0% 12.6% 12.0% 16.3% 15.0% 9.3% 4.3% 2.5% 44.9 45.8 9.2% 23.2% 24.0% 10.8% 23.0% 9.8% 259 7,995 77.7% 16.0% 6.2%

85.0% 11.7% 0.3% 2.0% 0.0% 1.0% 3.7% 12.4% 14.3% 12.7% 11.8% 15.3% 15.2% 10.4% 5.0% 2.8% 45.6 46.3 10.4% 23.3% 23.2% 10.1% 22.9% 10.1% 1,574 29,564 77.0% 17.4% 5.6%

2010 Population Distribution - 5 Miles

White Black Native American Asian Pacific Islander Two or More Races Hispanic 11.7% 0.3% 2.0% 0.0% 1.0% 3.7%

85.0%

2010 Age Distribution - 5 Miles

15.3% 15.2% 12.7% 11.8% 10.4%

14.3% 12.4%

2010 Educational Attainment No H.S. Diploma 5.7% 17.5% High School Grad. 26.0% Some College Associates Degree 11.7% Bachelors 26.8% Grad. or Professional 12.4% 2010 Housing Profile Pop. In Group Quarters Housing Units Owner Occupied Renter Occupied Vacant 6 1,048 81.7% 13.5% 4.9%

5.0% 2.8%

0-9

10-19 20-29 30-39 40-49 50-59 60-69 70-79

80+

2010 Educational Attainment Adults 25 Years and Older- 5 Miles

Grad. or Professional 10.1%

No H.S. Diploma 10.4% High School Grad. 23.3%

Bachelors 22.9%

Associates Degree 10.1%

Some College 23.2%

This document may not be reproduced in part or in whole without the express written permission of NAI Avant LLC. Source: Geolytics and USPS Delivery Statistics.

Lexington
Market Overview
Overview
The Lexington market area is located in the western portion of the Columbia, South Carolina metropolitan area. It is bounded on the north by Lake Murray, on the south by Interstate 20, on the west by Calks Ferry Road and the east by the Saluda River. The geographic and economic center of the market is the Town of Lexington. The area is one of the fastest growing areas in the Greater Columbia area, second only to the Northeast Richland market. It is also one of the top three in household income. The principal assets of this market are (1) the Lexington 1 school district which is widely considered one of the top in the state; (2) extensive Lake Murray shoreline; (3) numerous employers located in or immediately adjacent to the market; and (4) easy access to the region via Interstate 20, US 378, US 1, and SC 6.

Table 1: Real Estate Pricing in Lexington Market Area

Land Use SF Development Tracts (Acre) Retail/Bank Site (S.F.) Medical or Office Site (S.F.) Multifamily Tract (Acre) Industrial\Warehouse Site (Acre) Class A Small Retail Rent (S.F.) Class A Industrial Rent (S.F.) Class A Office Rent (S.F.) Price $40,000 - $50,000 $10 - $30 $3.50 - $7.75 $50,000 - $80,000 $45,000 - $75,000 $12 - $25 $4.25 - $5 $16 - $18

Land Pricing and Rents

Land prices and rents are relatively high within the Lexington market area. Sites for single family residential development are difficult to find and command the strongest prices in the region. Prime sites for banks and restaurants are selling for up to $30 a square foot and Class A small shop retail rents are up to $25 a square foot.

This document may not be reproduced in part or in whole without the express written permission of NAI Avant LLC. June 14, 2010

Lexington
Market Overview
Figure 1: Population and Households 2000 - 2015

Population
Since 2000, the Lexington market population expanded by 42% adding an average of 1,260 persons a year. By the year 2014, the market is projected to reach nearly 49,000 persons. Geographically, the population is concentrated in and around the Town of Lexington. However, in the past few years, growth has spread westward to the Highway 204 corridor and more recently eastward along US 378 between I-20 and the Town of Lexington. The Lexington market is a relatively young area. Twenty-seven percent of the population was under 20 years of age in 2010. 7.5% were over the age of 70 years. Of the remainder, the single largest age cohort was persons between 40 and 59 years of age at nearly a third of the population.

48,598 42,305

29,718 19,439

16,343 10,770

2000 Households

2010 Population

2015

Figure 2: 2010 Age Distribution

16.1% 14.2% 12.3% 12.3% 11.9% 10.1%

15.4%

4.8% 2.8%

0-9

10-19

20-29

30-39

40-49

50-59

60-69

70-79

80+

This document may not be reproduced in part or in whole without the express written permission of NAI Avant LLC. June 14, 2010

Lexington
Market Overview
Residential Development
Figure 3: Housing Units Permitted
1,475 1,278

817 627 491 710 690

768

770 595 495 696 840 814 573 495

Between 2000 and 2009, an annual average of 800 housing units were permitted in the Lexington market with a high of 1,475 in 2006. Until 2006, the vast majority of permits were issued for single family units. However, in 2006 635 multifamily units were permitted. Another 464 were permitted in 2007. The most significant change in the Lexington market over the last five years is the addition of many single family residential developments east of the Town of Lexington. There are now 10 active single family subdivisions east of the Town - largely due to the access to sewer. On the west side, there are also many new developments with the majority concentrated around the SC204 corridor. This corridor is attractive because it has easy access to the Town of Lexington, the major employers nearby and Interstate 20 access via SC204. Assuming an average of 600 new homes a year are permitted, there is about a 5 year supply of lots available.

432

460

583

571

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

Single Family Permits

Total Units Permitted

Table 2: Residential Development Planned or Under Construction

Development Name Saluda River Club Persimmon Grove Heritage Farms Summer Lake Wellesley Vintners Wood The Mill Settlers Point Dawsons Park Bonhomme Green Caroline Springs All Others Total Number of Housing Units Today 57 268 190 36 170 60 136 132 68 20 79 461 1,480 Build Out 450 447 400 300 257 228 193 168 160 126 113 1,314 4,669

This document may not be reproduced in part or in whole without the express written permission of NAI Avant LLC. June 14, 2010

Lexington
Market Overview
Income
Figure 4: 2010 Household Income Distribution

24.9% 21.7% 17.3%

26.0%

The Lexington market is one of Columbias most affluent suburbs. The average household income in the Lexington market is estimated at more than $67,000. About a tenth of all households had incomes greater than $125,000 in 2010. Another quarter were between $75,000 and $125,000.

10.0%

Employment
Under $25,000 $25,000 $50,000 $50,000 $75,000 $75,000 $125,000 Over $125,000

Table 4: Major Employers in or near the Lexington Market

Company Michelin Lexington One School District Lexington County Carolina First Technology Center US Food Service Southeastern Freight Cooper Tools Prysmian Momentum Logistics Walter P. Rawl and Sons Medical Services of America Inland Paperboard and Packaging Food Services Inc. Industry Tire Manufacturer Public Education Government Financial Services Food Distribution Freight Distribution Power Tools Optic Cable Freight Distribution Vegetable Products Medical Services Packaging Manuf. Food Distribution Employment 1,650 1,400 1,000 750 600 614 500 375 350 250 230 186 128

Major industrial, office, and warehouse/distribution employers are predominantly distributed along the Interstate 20 corridor. Major retail employment is clustered along Sunset Blvd. (US 378). Government employment is concentrated within the Town of Lexington - the county seat. Major employers in Lexington are concentrated in manufacturing, trade, and government sectors. Notably absent is the presence of office buildings. However, many of the markets residents commute into the office clusters in the Downtown Columbia and St. Andrews markets.

This document may not be reproduced in part or in whole without the express written permission of NAI Avant LLC. June 14, 2010

Lexington
Market Overview

Commercial Activity
The US378 (Sunset Blvd.) Corridor has been the most active commercial corridor in Lexington for the past five years. Driven by the surrounding residential growth, the growth of the Lexington Medical Center and the expansion of utilities, this area has seen a variety of retail and medical office space and warehouse/distribution appear in the past few years. This trend should accelerate in the next few years with the recent opening of Lexington Pavilion - a 230,000 square foot Target anchored center and the redevelopment of the former Corley lumber mill. The US1 (E. Main Street) Corridor has a new building supply store and two apartment complexes. A major retail site is reserved on the east side of the US1/Interstate 20 interchange although there does not appear to be any immediate plans to begin development. The SC204 Corridor is defined by its three principal intersections with US1, US378, and I-20. This area is at the center of rapid residential development west of the Town of Lexington. It is anchored by Lexington High School and the Lake Murray Shopping Center. A Publix anchored shopping center is under construction at the intersection with US 378 that should open in early 2011.

This document may not be reproduced in part or in whole without the express written permission of NAI Avant LLC. June 14, 2010