ELIZABETHTOWN, KY MARKET PROFILE. FOR INFORMATION: Macerich.com

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1 ELIZABETHTOWN, KY MARKET PROFILE 2016 PROPERTY TYPE: Regional TOTAL SQUARE FEET: 350,000 MAJOR RETAILERS: Belk, JCPenney, Sears RESTAURANTS & ENTERTAINMENT: LongHorn Steakhouse FOOD COURT: 5 units BUILT: 1985 FOR INFORMATION: Macerich.com

2 DEMOGRAPHIC SUMMARY POPULATION PRIMARY TRADE AREA TOTAL TRADE AREA 2015 Total Population 77, , , Total Population 81, , , Population Growth 4.9% 3.3% 3.6% ELIZABETHTOWN-FORT KNOX, KY [MSA] HOUSEHOLDS 2015 Total Households 30,926 83,031 58, Total Households 32,507 85,978 60, Household Growth 5.1% 3.5% 3.9% INCOME Average Household Income $62,326 $57,594 $61,063 Median Household Income $48,212 $44,792 $48,012 Per Capita Income $24,948 $22,253 $23,424 HOUSEHOLD INCOME RANGES $50, , % 37, % 28, % $75, , % 21, % 17, % $100, , % 11, % 9, % $150, , % 3, % 2, % AGE Median Age EDUCATION/OCCUPATION LEVELS Bachelor s Degree Plus 12, % 26, % 20, % White Collar 18, % 44, % 32, % RACE/ETHNICITY White 58, % 184, % 126, % Black 11, % 18, % 16, % American Indian % % % Asian 2, % 3, % 2, % Pacific Islander % % % Other Race 4, % 9, % 7, % Hispanic or Latino 4, % 9, % 7, % Not Hispanic or Latino 73, % 207, % 145, % DAYTIME EMPLOYMENT Total Businesses 3,709 7,900 5,731 Total Employees 41,984 82,105 59,293 Source: U.S. Census Bureau, Census 2010 Data. Esri forecasts for 2015 and 2020

3 TRADE AREA MAP LEGEND TOWNE MALL PRIMARY TRADE AREA SECONDARY TRADE AREA COMPETITIVE CENTERS N 10% PCW

4 SITE PLAN BURKES OUTLET LONGHORN STEAKHOUSE MCDONALD S HARDEE S Towne Mall is located along North Dixie Highway (U.S. Highway 31W), one of the most traveled thoroughfares in the state. Three of Kentucky s major highways converge in Elizabethtown, making the center a regional shopping destination of choice in an eight-county area in Central Kentucky. Less than five miles from the center is the 150-acre Elizabethtown Sports Park, which has hosted more than 40,000 athletes, 50,000 visitors and has had an economic impact valued at over $10 million since its 2013 opening. Elizabethtown has seen new retail and restaurant opportunities in the last 12 months, including the recent addition of Hobby Lobby, Academy Sports and Buffalo Wild Wings.

5 MARKET INFORMATION MAJOR EMPLOYERS EMPLOYEE COUNT 1 FORT KNOX CIVILIAN EMPLOYEES & CONTRACTORS 20,391 2 HARDIN COUNTY SCHOOLS SYSTEM COUNTY WIDE 2,577 3 HARDIN MEMORIAL HEALTH ELIZABETHTOWN 2,200 4 METALSA ELIZABETHTOWN 1,900 5 AKEBONO BRAKE 1,600 6 COMMONWEALTH OF KENTUCKY HARDIN COUNTY 1,051 7 AGC AUTOMOTIVE ELIZABETHTOWN ALTEC INDUSTRIES ELIZABETHTOWN ELIZABETHTOWN COMMUNITY AND TECHNICAL COLLEGE COMMUNICARE HARDIN COUNTY 481 YEARLY SALES MONTH SALES % JAN 5.9% FEB 7.4% MAR 8.6% APR 7.0% MAY 7.2% JUN 7.2% JUL 7.2% AUG 6.9% SEP 7.5% OCT 6.6% NOV 10.7% DEC 17.8% VEHICLE TRAFFIC COUNTS MAJOR HIGHWAYS NEAR CENTER 2015 AVG DAILY ROADS NEAR CENTER ENTRANCES 2015 AVG DAILY I-65 59,242 US 31W 34,099 WESTERN KY PKWY 24,988 VETERANS WAY 9,218 BLUEGRASS PKWY 13,328 SCHOOLS NUMBER OF SCHOOLS NUMBER OF STUDENTS ELIZABETHTOWN INDEPENDENT SCHOOLS 6 2,300 HARDIN COUNTY SCHOOLS 29 14,386 COLLEGE/UNIVERSITY LOCATION STUDENT POPULATION ELIZABETHTOWN COMMUNITY & TECHNICAL COLLEGE ELIZABETHTOWN 7,887 MCKENDREE UNIVERSITY RADCLIFF 255 TOURISM MAJOR HOTELS NUMBER OF ROOMS BEST WESTERN/ATRIUM GARDENS INN 127 CANDLEWOOD SUITES RADCLIFF 83 HOLIDAY INN EXPRESS HOTEL & SUITES 76 COMFORT SUITES 75 FAIRFIELD INN & SUITES 75 HAMPTON INN & SUITES 72 RAMADA INN 68 BAYMONT INN & SUITES 63 HOLIDAY INN EXPRESS HOTEL & SUITES 61 HAMPTON INN & SUITES 60 UPDATED 3/16

6 US 31 WEST US 31 WEST BOB EVANS HARDEE S KROGER BELK SEARS FAZOLI S MCDONALD S JCPENNEY N RING ROAD OWNED OTHER KMART HIBBETT S SPORTS STAPLES DAIRY QUEEN TUMBLEWEED HH GREGG PANERA BREAD HANCOCK FABRICS WALMART O CHARLEY S BURKES OUTLET LOWE S SUBWAY LONGHORN STEAKHOUSE TARGET FEEDER S SUPPLY QDOBA TACO BELL FIREHOUSE SUBS WALGREENS HOME DEPOT ETOWN ATHLETIC CLUB SAM S CLUB TOWNE DRIVE TOWNE DRIVE