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Maize South Campus

Presented By:InSite Real Estate Group

Development Site For SaleNorth Maize RoadWichita, KS

SiteReal � Estate � Group

SiteReal � Estate � Group

Description The site is approximately 21 acres and is located south of the corner of 37th Street & North Maize Road. New Market Square, Wichita’s largest outdoor shopping center, is located just south of the site. New Market Square is home such retailers as Super Wal- Mart, Super Target, Old Navy, Verizon Wireless, GNC, Starbuck’s, Coldstone Creamery, T-Mobile, Buffalo Wild Wings, Radio Shack and many more.

Location 3404 N. Maize Road, Wichita, KS 67205

Site Area Approximately 21 acres Approximately 1,100 ft. x 840 ft.

Real Estate Taxes Key # - D 64289 Currently Exempt

Demographics 3 mile 5 mile 10 mile Population: 30,766 70,771 239,253 Households: 10,347 26,161 93,744 Avg. HH Income: $99,299 $86,461 $63,448

Utilities Water available across the front of the site Sewer available to the South

Zoning Currently Single Family Proposed rezone to Commercial

Topography Level (The site has the ability to drain into an adjacent retention pond.)

Contact Information InSite Real Estate Group Amanda L. Stucky (316) 618-1100 Amanda@InSiteRE.com

Property Information

SiteReal � Estate � Group

Property Description

The site consists of approximately 21 acres and is situated near the intersection of 37th Street and North Maize Road in Wichita, KS.

This site is an excellent location for retail, restaurant, office and medical uses with the advantage of being in an established and proven trade area with such well-known neighbors as:

Super Target Super Wal-Mart Dillon’s Marketplace OfficeMax On The Border Olive Garden Lowe’s Home Improvement T.G.I.Friday’s Sports Authority Petco Best Buy Old Navy Bed, Bath & Beyond Panera Bread Hallmark Gold Crown Borders Books & Music Logan’s Roadhouse McDonald’s FedEx Kinkos Wendy’s Bath & Body Works

and many more ...

New Market Square, Wichita’s largest outdoor shopping center, is located on North Maize Road approximately 1.5 miles south of the site. New Market Square is home such retailers as Super Wal-Mart, Super Target, Old Navy, Verizon Wireless, GNC, Coldstone Creamery, Starbuck’s, T-Mobile, Buffalo Wild Wings, Radio Shack and many more.

Market Draw

This development site is located in the heart of the path of development along north Maize Road. The north Maize Road corridor has became “the” destination location for shopping, dining and entertainment for west Wichita. Many major retailers such as Best Buy, Lowe’s Home Improvement, OfficeMax and Petco have recently added a location or relocated to the area. The closest regional mall is Towne West Square (approximately 9 miles southeast).

Neighborhood Analysis

The development site is located near the intersection of 37th Street and north Maize Road, within the city of Wichita, Kansas. Wichita is located in south central Kansas ap-proximately 180 miles southwest of Kansas City and 130 miles north of Oklahoma City. The Wichita trade area consists of much of south central Kansas, western Kansas, and northern Oklahoma. Wichita has a population in excess of 346,000 people and near-ly 600,000 in the MSA. Nearly 1 million people live within a 100-mile radius of Wichita.

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Neighborhood Photos

Maize South Campus

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Aerial Map

29th Street

21st Street

37th Street

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Development

Fox RidgeDevelopment

K-96 HighwayProposed K-96 Bypass

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Stone BridgeRetail

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Retention Pond

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Market Overview

Wichita is the regional economic hub of south-central Kansas and northern Oklahoma. It pro-vides financial, medical and business services to more than half a million people in the Wichita MSA alone. The Wichita Metropolitan Statistical Area (MSA) includes Sedgwick, Butler, Sumner and Harvey counties.

The largest city in the state, Wichita has a strong aerospace history and its workforce has the second highest concentration of manufacturing jobs and skilled labor in the United States.

Sedgwick County alone contributes nearly 40% of the state’s manufacturing employment earnings. Some of the aviation manufacturers located in the Wichita area include Boeing, Cessna, Raytheon and Bombardier while hundreds of subcontractors and suppliers have found Wichita to be a strategic location for their business.

Wichita is a major regional health care center with three general hospitals, a veterans hospital, three rehabilitation hospitals, and two psychiatric hospitals and numerous specialty hospitals. Much of a 3 state region is served by health care providers in Wichita.

McConnell Air Force Base is home to the 22

nd Air Refueling Wing, the 931st Air Reserve Group

and the Kansas Air National Guard’s 184th Refueling Wing. Wichita is home to Wichita State University, Newman University, and Friends University, offering both a strong academic community and a large entry-level labor pool for area employers.

Many other large employers are also located in Wichita including:

• Via Christi Regional Medical Center • Dillon’s Food Stores • Koch Industries (the second largest privately held company in the U.S.) • Wesley Medical Center • The Coleman Company • York International • Bank of America

Recognized as one of the major mid-sized cities in the nation, Wichita has come a long way since its infant years as a trading post and cowtown. Today, Wichita is a dynamic community rich in culture, activity and opportunity and has won the national distinction of “All American City” three times.

Wichita

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Market OverviewCont.

In the center of the United States, Wichita is conveniently situated on Interstate 35, which con-nects to nearby Interstates 70 and 40. Interstate 135, U.S. 54 and numerous highway expansion projects also serve the area. The Wichita area is served by Mid Continent Airport, with 11 airlines serving 11 major non-stop destinations.

WEST WICHITA PROFILE: Perhaps the fastest growing segment of the Wichita Metropolitan Area is west Wichita. In recent

years, west Wichita has developed from a frag-mented and dispersed bedroom community into a large, cosmopolitan area with a culture and identity very much its own. Sprawling residential communities, quality private and public schools, a safe environment for raising children, and modern infrastructure has at-tracted people to the area in large quantities. West Wichita is home to such large em-ployers as Cessna Aircraft, Bombardier Aerospace Lear Jet, Chance Industries (one of the largest amusement rides man-ufacturers in the world), Vulcan Mate-rials, JI Case Corporation, and Sharp-

line Converting to name just a few. The convenient freeway system and access to Mid-Continent Airport make this area a ver y eff icient place to do business. Perhaps the greatest opportunities for development in west Wichita today are in the areas of retail and professional services. Due to the rapid growth in residential development, the area is considered under served by retailers and other services. New entrants into this market have experienced strong demand for their products. In fact some national chains indicate that their west Wichita stores are considered some of their better performers overall nationally.

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Wichita Flood Zone Map

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Street Atlas USA® 2008 Plus

Data use subject to license.

© 2007 DeLorme. Street Atlas USA® 2008 Plus.

www.delorme.com

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Scale 1 : 25,000

1" = 2,083.3 ft Data Zoom 13-0

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Area Map

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City Map

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SiteReal � Estate � Group

Demographics

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

Site MapW 37th St N and N Maize Rd Prepared By: InSite Real Estate Group Latitude 37.7517

Longitude -97.4629Wichita, KS 67205 February 13, 2009

SiteReal � Estate � Group

Demographics

Executive SummaryPrepared By: InSite Real Estate Group

©2008 ESRI On-demand reports and maps from Business Analyst Online. Order at www.esri.com/bao or call 800-292-2224 2/13/2009 Page 1 of 2

W 37th St N and N Maize Rd W 37th St N and N Maize Rd W 37th St N and N Maize Rd

Wichita, KS 67205 Wichita, KS 67205 Wichita, KS 67205Site Type: Radius Radius: 3 mile Radius: 5 mile Radius: 10 mile 2008 Population Total Population 30,766 70,771 239,253 Male Population 49.8% 49.2% 49.8% Female Population 50.2% 50.8% 50.2% Median Age 35.1 36.8 34.8 2008 Income Median HH Income $81,140 $74,255 $53,043 Per Capita Income $33,628 $32,137 $25,082 Average HH Income $99,299 $86,461 $63,448 2008 Households Total Households 10,347 26,161 93,744 Average Household Size 2.97 2.70 2.51 1990-2000 Annual Rate 7.6% 3.8% 1.11% 2008 Housing Owner Occupied Housing Units 84.4% 74.8% 59.6% Renter Occupied Housing Units 11.0% 18.6% 30.3% Vacant Housing Units 4.6% 6.6% 10.2% Population 1990 Population 12,030 44,302 205,792 2000 Population 24,177 62,503 228,144 2008 Population 30,766 70,771 239,253 2013 Population 33,940 75,335 247,338 1990-2000 Annual Rate 7.23% 3.5% 1.04% 2000-2008 Annual Rate 2.96% 1.52% 0.58% 2008-2013 Annual Rate 1.98% 1.26% 0.67%

In the identified market area, the current year population is 239,253. In 2000, the Census count in the market area was 228,144. The rate of change since 2000 was 0.58 percent annually. The five-year projection for the population in the market area is 247,338, representing a change of 0.67 percent annually from 2008 to 2013. Currently, the population is 49.8 percent male and 50.2 percent female.

Households 1990 Households 3,800 15,756 79,212 2000 Households 7,905 22,885 88,491 2008 Households 10,347 26,161 93,744 2013 Households 11,494 27,893 97,109 1990-2000 Annual Rate 7.6% 3.8% 1.11% 2000-2008 Annual Rate 3.32% 1.63% 0.7% 2008-2013 Annual Rate 2.12% 1.29% 0.71%

The household count in this market area has changed from 88,491 in 2000 to 93,744 in the current year, a change of 0.7 percent annually. The five-year projection of households is 97,109, a change of 0.71 percent annually from the current year total. Average household size is currently 2.51, compared to 2.53 in the year 2000. The number of families in the current year is 61,660 in the market area.

Housing

Currently, 59.6 percent of the 104,363 housing units in the market area are owner occupied; 30.3 percent, renter occupied; and 10.2 percent are vacant. In 2000, there were 96,321 housing units— 59.7 percent owner occupied, 32.2 percent renter occupied and 8.1 percent vacant. The rate of change in housing units since 2000 is 0.98 percent. Median home value in the market area is $99,819, compared to a median home value of $192,285 for the U.S. In five years, median home value is projected to change by 2.19 percent annually to $111,238. From 2000 to the current year, median home value changed by 3.15 percent annually.

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. ESRI forecasts for 2008 and 2013. ESRI converted 1990 Census data into 2000 geography.

SiteReal � Estate � Group

Demographics

Executive SummaryPrepared By: InSite Real Estate Group

©2008 ESRI On-demand reports and maps from Business Analyst Online. Order at www.esri.com/bao or call 800-292-2224 2/13/2009 Page 2 of 2

W 37th St N and N Maize Rd W 37th St N and N Maize Rd W 37th St N and N Maize Rd

Wichita, KS 67205 Wichita, KS 67205 Wichita, KS 67205Site Type: Radius Radius: 3 mile Radius: 5 mile Radius: 10 mileMedian Household Income 1990 Median HH Income $47,243 $42,139 $27,996 2000 Median HH Income $67,075 $58,653 $40,783 2008 Median HH Income $81,140 $74,255 $53,043 2013 Median HH Income $89,546 $78,670 $59,619 1990-2000 Annual Rate 3.57% 3.36% 3.83% 2000-2008 Annual Rate 2.33% 2.9% 3.24% 2008-2013 Annual Rate 1.99% 1.16% 2.36% Per Capita Income 1990 Per Capita Income $18,347 $17,457 $12,959 2000 Per Capita Income $25,447 $24,664 $19,321 2008 Per Capita Income $33,628 $32,137 $25,082 2013 Per Capita Income $39,856 $37,018 $28,456 1990-2000 Annual Rate 3.33% 3.52% 4.07% 2000-2008 Annual Rate 3.44% 3.26% 3.21% 2008-2013 Annual Rate 3.46% 2.87% 2.56% Average Household Income 1990 Average Household Income $56,845 $48,368 $33,165 2000 Average Household Income $76,796 $66,557 $48,830 2008 Average HH Income $99,299 $86,461 $63,448 2013 Average HH Income $116,733 $99,439 $71,863 1990-2000 Annual Rate 3.05% 3.24% 3.94% 2000-2008 Annual Rate 3.16% 3.22% 3.23% 2008-2013 Annual Rate 3.29% 2.84% 2.52%

Households by Income

Current median household income is $53,043 in the market area, compared to $53,154 for all U.S. households. Median household income is projected to be $59,619 in five years. In 2000, median household income was $40,783, compared to $27,996 in 1990.

Current average household income is $63,448 in this market area, compared to $73,126 for all U.S. households. Average household income is projected to be $71,863 in five years. In 2000, average household income was $48,830, compared to $33,165 in 1990.

Current per capita income is $25,082 in the market area, compared to the U.S. per capita income of $27,916. The per capita income is projected to be $28,456 in five years. In 2000, the per capita income was $19,321, compared to $12,959 in 1990.

Population by Employment Total Businesses 1,103 2,679 14,022 Total Employees 7,887 18,412 163,832

Currently, 94.0 percent of the civilian labor force in the identified market area is employed and 6.0 percent are unemployed. In comparison, 93.4 percent of the U.S. civilian labor force is employed, and 6.6 percent are unemployed. In five years the rate of employment in the market area will be 94.2 percent of the civilian labor force, and unemployment will be 5.8 percent. The percentage of the U.S. civilian labor force that will be employed in five years is 93.9 percent, and 6.1 percent will be unemployed. In 2000, 68.1 percent of the population aged 16 years or older in the market area participated in the labor force, and 0.2 percent were in the Armed Forces.

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

56.1 percent in white collar jobs (compared to 60.2 percent of U.S. employment)•15.0 percent in service jobs (compared to 16.5 percent of U.S. employment)•28.9 percent in blue collar jobs (compared to 23.3 percent of U.S. employment)•

In 2000, 84.2 percent of the market area population drove alone to work, and 2.5 percent worked at home. The average travel time to work in 2000 was 18.9 minutes in the market area, compared to the U.S. average of 25.5 minutes.

Population by Education

In 2008, the educational attainment of the population aged 25 years or older in the market area was distributed as follows:

14.2 percent had not earned a high school diploma (16.4 percent in the U.S.)•32.1 percent were high school graduates only (29.6 percent in the U.S.)•6.1 percent had completed an Associate degree (7.2 percent in the U.S.)•17.0 percent had a Bachelor’s degree (17.0 percent in the U.S.)•7.1 percent had earned a Master’s/Professional/Doctorate Degree (9.7 percent in the U.S.)•

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. ESRI forecasts for 2008 and 2013. ESRI converted 1990 Census data into 2000 geography.