MARKET OVERVIEW Home to sports teams in the NBA, MLB, NFL, NHL, MLS, WNBA, WMLS, as well as the National Mall, nine free admission Smithsonian Museums, the National Zoo and 5 large, class A concert venues. Washington, DC, the nation's capital, ranks #1 in number of Fortune 500 companies per capita, with the metro area ranking 4th out of the top 10 cities in number of federal employees. The area attracts destination tourists, spending $6 billion, with only 70% coming from within the US. It is the seventh most popular destination for overseas visitation in the US. Three airports see 177,000 travelers daily. The MSA has a stable housing market and has the highest 10 year home appreciation rate in the county (76%). The cost of living is 17% greater than the national average, ranked #8 only behind cities in CA and NY. First in the US in educational attainment, 46.8% have a bachelor's degree or greater, nearly double the national average. MGM Casino opened its doors in National Harbor in late 2016 with 303 hotel rooms, 27,000sf of meeting space, 15 restaurants, 3600 slots, 160 table games and a 3600 seat theater. The complex is less than a quarter mile from the center. TANGER OUTLETS NATIONAL HARBOR/WASHINGTON DC 2
ADDRESS 6800 Oxon Hill Road National Harbor, MD 20745 GROSS LEASABLE AREA 341,156 SF DAILY TRAFFIC COUNT I-95 / 176,330 OVERVIEW MAJOR CITIES Alexandria, VA (2.5 miles) Washington DC, (8 miles) Baltimore, MD (40 miles) POPULATION (60 Miles) / 8,949,979 National Harbor is the premiere lifestyle destination in the D.C. metro area, bringing together recreation, work, living and entertainment. It is an exciting, sprawling community that includes fine restaurants, stunning office space and lavish residences. The community also features Gaylord National Resort and Convention Center, the largest hotel in the D.C. area. MSA Population 5,941,189 - Washington-Arlington- Alexandria, DC-VA-MD-WV TANGER OUTLETS NATIONAL HARBOR/WASHINGTON DC 3
GALLERY TANGER OUTLETS NATIONAL HARBOR/WASHINGTON DC 4
LOCATION The center is conveniently located off I-495 & I-295 REGIONAL MAP LOCAL MAP TANGER OUTLETS NATIONAL HARBOR/WASHINGTON DC 5
CENTER MAP SERVICE LEGEND SHOPPER SERVICES PURCHASE GIFT CARDS VENDING MACHINE MOTHERS ROOM U UBER PICK UP/DROP OFF CHILDREN S PLAY AREA ATM STROLLER & WHEELCHAIR RESTROOMS BUS CHECK-IN T TAXI PICK UP/DROP OFF FREE WI-FI CENTERWIDE COUPON BOOKS RESTAURANT/FOOD FAMILY RESTROOMS NATIONAL HARBOR CIRCULATOR BUS 500 520 530 560 570 MALL OFFICE Potomac River Heritage Visitors Center SHOPPER SERVICES 399 400 420 430 450 460 480 600 380 755 770 700 702 704 630 360 853 852 850 855 860 863 865 868 870 872 875 880 890 895 753 751 760 765 780 790 795 710 640 645 340 845 898 750 650 315 310 838 840 820 815 810 800 747 745 742 740 735 730 725 720 715 660 300 835 832 830 670 180 170 160 150 100 290 280 260 250 240B 240A 220 200 T U TANGER OUTLETS NATIONAL HARBOR 6800 Oxon Hill Road National Harbor, MD 20745 TANGER OUTLETS NATIONAL HARBOR/WASHINGTON DC 6
AERIAL Tanger Outlets National Harbor is accessible from the Capital Beltway, I-95, I-495, and the Woodrow Wilson Bridge, minutes from all three major airports. TANGER OUTLETS NATIONAL HARBOR/WASHINGTON DC 7
MARKET SNAPSHOT AERIAL TANGER OUTLETS NATIONAL HARBOR/WASHINGTON DC 8
RETAIL SNAPSHOT MAP TANGER OUTLETS NATIONAL HARBOR/WASHINGTON DC 9
MARKET SNAPSHOT MAP TANGER OUTLETS NATIONAL HARBOR/WASHINGTON DC 10
0-60 MILES DEMOGRAPHICS 3,340,821 Households STATISTICS 0-5 MILES 0-10 MILES 0-30 MILES 0-45 MILES 0-60 MILES Population 313,858 1,433,919 5,309,348 7,654,188 8,949,979 Households 128,382 613,518 1,991,522 2,851,100 3,340,821 Families 73,644 299,356 1,246,285 1,820,270 2,153,213 Median Age 37.3 35.8 37.3 37.4 37.8 Avg Household Income $104,003 $113,427 $127,131 $119,520 $115,807 $115,807 Avg. Household Income HOUSEHOLD INCOME 0-5 MILES 0-10 MILES 0-30 MILES 0-45 MILES 0-60 MILES Less than $15,000 9.9 % 9.1 % 6.0 % 6.9 % 7.0 % $15,000-$24,999 6.6 % 5.9 % 4.5 % 5.2 % 5.4 % $25,000-$34,999 7.1 % 6.1 % 5.1 % 5.7 % 6.0 % $35,000-$49,999 10.2 % 9.2 % 8.3 % 8.8 % 9.1 % $50,000-$74,999 16.5 % 15.2 % 14.9 % 15.2 % 15.5 % $75,000-$99,999 12.8 % 13.3 % 13.2 % 13.0 % 13.2 % $100,000-$149,999 17.5 % 18.8 % 20.4 % 19.7 % 19.5 % $150,000+ 28.7 % 31.8 % 36.3 % 33.9 % 32.8 % AGE DISTRIBUTION 0-5 MILES 0-10 MILES 0-30 MILES 0-45 MILES 0-60 MILES 0-14yrs 18.7 % 15.9 % 18.5 % 18.8 % 18.7 % 15-24yrs 12.1 % 13.0 % 12.6 % 12.7 % 12.7 % 25-44yrs 29.6 % 34.4 % 29.7 % 28.9 % 28.3 % 45-64yrs 25.7 % 24.2 % 26.2 % 26.4 % 26.5 % 65+ yrs 13.9 % 12.5 % 13.1 % 13.3 % 13.8 % 2,153,213 Families 37.8 Median Age 8,949,979 Population TANGER OUTLETS NATIONAL HARBOR/WASHINGTON DC 11
SALES & TRAFFIC SEASONALITY JAN FEB MAR APR MAY JUN 4.5% 5.4% 7.8% 8% 9.1% 9.2% JUL AUG SEP OCT NOV DEC 8.6% 9.3% 8.6% 7.6% 9.7% 12.1% ZIP CODE STUDIES MARKET AREA 7/5/2018 3/23/2018 12/14/2017 8/14/2017 Alexandria, VA 5 2 7 3 Arlington, VA 4 1 0 5 Baltimore, MD 4 5 0 3 Charles County, MD 6 7 13 6 Other MD 8 6 7 8 Other US 13 7 20 11 Other VA 21 19 13 22 Prince George's County 27 36 20 31 Washington, DC 12 17 20 11 TANGER OUTLETS NATIONAL HARBOR/WASHINGTON DC 12
SHOPPER SNAPSHOT SHOPPER PROFILE National Harbor/Washington DC Portfolio Females 66% 75% Average Age 40.8 46 Average Household Income $98,997 $91,837 Race-Caucasian 27% 71% Race-Hispanic or Latino 11% 5% Race - African American 22% 7% Race - Asian 22% 7% Marital Status- married 55% 73% Local Resident Shoppers 61% 58% Tourist (self-defined) 29% 42% GENERAL SHOPPING PATTERNS National Harbor/Washington DC Portfolio Shopping Frequency (trips per yr) 8.4 8.2 Percentage of First Time Visitors 35% 17% Avg # of Stores Visited 9.8 8.7 Avg # of Stores Purchased In 4.5 4 % of shoppers making a purchase 98% 95% Length of Shopping Visit 133 minutes 129 minutes Average Size of Shopping Party 3.0 3.1 Average Shopping Expenditure $317 $243 Average Perceived Savings 34% 36% TANGER OUTLETS NATIONAL HARBOR/WASHINGTON DC 13
TANGER S REPUTATION WITHIN THE INDUSTRY CONTINUES TO DRIVE TENANT DEMAND FOR SPACE IN TANGER CENTERS. 41 43 42 40 17 39 9 13 14 24 25 28 26 27 11 4 12 18 19 20 3 2 35 38 16 15 34 7 6 21 22 32 33 29 30 31 8 23 CORPORATE HEADQUARTERS Greensboro, NC 37 36 10 1 5 LOCATIONS Tanger Outlets owns and operates 43 upscale outlet shopping centers in 22 U.S. states coast to coast and in Canada, attracting over 188 million loyal customers each year. CENTER LISTING ON NEXT PAGE TANGER OUTLETS NATIONAL TANGER HARBOR/WASHINGTON OUTLETS GRAND RAPIDS DC 13 14
LOCATION LISTING Southaven Mississippi UNITED STATES 1 Foley, AL Gulf Coast Resort Area I-10, Exit 44, Highway 59S 2 Phoenix (Glendale), AZ 9 miles Northwest of Phoenix Loop 101 and Glendale Avenue 3 Foxwoods (Mashantucket), CT Foxwoods Resort Casino, 50 miles East of Hartford 4 Rehoboth Beach, DE Coastal Resort Area 3 Locations on Delaware s Coastal Highway Route 1 5 Daytona Beach, FL Coastal Resort Area I-95 & LPGA Boulevard 6 Commerce, GA Between Atlanta and Greenville, SC I-85, Exit 149 7 Locust Grove, GA Between Atlanta and Macon I-75, Exit 212 8 Savannah, GA Southwest Quadrant of I-95 and Pooler Parkway 9 Williamsburg, IA Between Des Moines and Iowa City I-80, Exit 220 10 Gonzales, LA Between New Orleans and Baton Rouge I-10 at Highway 30, Exit 177 11 National Harbor, MD 8 Miles Southeast of Washington, D.C. I-95/495 and I-295 12 Ocean City, MD Coastal Resort Area Route 50, One Mile West of the Beach 13 Grand Rapids, MI Southwest Quadrant of US-131 and 84th Street 14 Howell, MI Between Lansing and Detroit I-96 at M-59, Exit 133 15 Memphis (Southaven, MS) Northeast Quadrant of I-69/55 and Church Road 16 Branson, MO Ozark Mtn/Lakes Region Resort Area West Highway 76, 2 miles West of US Highway 65 17 Tilton, NH Lakes Region Resort Area I-93, Left off Exit 20 18 Atlantic City, NJ Coastal Resort Area 2014 Baltic Avenue 19 Deer Park, NY Minutes from Manhattan I-495, LIE Exit 52 on Commack Road and Grand Boulevard 20 Riverhead, NY Long Island Resort Area I-495 East, LIE Exits 72 and 73 21 Blowing Rock, NC Blue Ridge Mountains Resort Area 1/2 Mile South of the Blue Ridge Parkway on US Highway 321 22 Mebane, NC Between Raleigh-Durham and Greensboro/Winston-Salem I-40/85, Exit 154 23 Nags Head, NC Outer Banks Resort Area Highway 158 Bypass at Mile Post 16 24 Columbus, OH 22 Miles Northeast of Columbus I-71 and US 36/R 37 25 Jeffersonville, OH Between Cincinnati and Columbus I-71, Exit 65 26 Hershey, PA Hershey Park Resort Area Off PA-743/Hershey Park Drive 27 Lancaster, PA Amish Country Resort Area Route 30 East 28 Pittsburgh (Washington), PA 20 Minutes South of Pittsburgh I-79, Exit 41 29 Charleston, SC Coastal Resort Area I-26, Exit 213 or 213A 30 Hilton Head, SC 31 Hilton Head Island Resort Area I-95, SC Exit 8 onto Highway 278 2 Locations on Highway 278 32 Myrtle Beach, SC Myrtle Beach Resort Area Highway 17N at Highway 22 Veterans Highway 33 Myrtle Beach, SC Myrtle Beach Resort Area Highway 501, 3 Miles West of the Intracoastal Waterway 34 Sevierville, TN Smoky Mountain Resort Area Highway 441/Parkway at Traffic Lights #13 and #13.1 35 Fort Worth, TX I-35W & SH 114 North Fort Worth, across from the Texas Motor Speedway 36 Houston (Texas City), TX I-45, Exit 17 to Holland Road 5885 Gulf Freeway 37 San Marcos, TX Between San Antonio and Austin I-35, Exit 200 38 Terrell, TX 30 Minutes East of Dallas I-20 at Highway 34, Exit 501 39 Park City, UT Mountain Resort Area I-80, Exit 145, West on Ute Boulevard CANADA 40 Cookstown, ON Toronto and Lake Resort Area 3311 Simcoe Road 89, Highway 400 at Highway 89 41 Ottawa, ON Kanata, Highway 417 at Hutmar Drive 42 Bromont, QC 45 Miles East of Downtown Montreal Bromont Boulevard Interchange at Highway 10 43 Saint-Sauveur, QC 37 Miles from Montreal Exit 60 off Highway 15 North TANGER OUTLETS NATIONAL TANGER HARBOR/WASHINGTON OUTLETS GRAND RAPIDS DC 14 15
Tanger Factory Outlet Centers, Inc. (NYSE:SKT), is a publicly-traded REIT headquartered in Greensboro, North Carolina that presently operates and owns, or has an ownership interest in, a portfolio of 43 upscale outlet shopping centers and one additional center currently under construction. Tanger s operating properties are located in 22 states coast to coast and in Canada, totaling approximately 14.8 million square feet, leased to over 3,100 stores which are operated by more than 500 different brand name companies. The Company has more than 36 years of experience in the outlet industry. Tanger Outlet Centers continue to attract more than 188 million shoppers annually. TANGER OUTLETS NATIONAL HARBOR/WASHINGTON DC 6800 Oxon Hill Road National Harbor, MD 20745 TANGEROUTLETS.COM