MARKET OVERVIEW Commerce, Georgia is an impressive commercial district located on the US 441 Heritage Highway. Shopping, restaurants and other regional attractions convey relaxed southern charm. The area is also home to the Atlanta Dragway that has a full schedule of events throughout the year. Sandy Creek or Deer Trail golf courses offer traditional golfing in the North Georgia Mountains. Athens, Georgia is home to the University of Georgia and just minutes from the center. Over 36,000 students are enrolled there. Jackson County has enjoyed significant success in attracting new industrial and distribution facilities. Since 2013, housing starts in the area have increased by +35%. The center is located right on the edge of the Atlanta Metro area, the 9th largest US population center. Home to more than 5.3 million people, nearly 150,000 businesses and a world class airport. TANGER OUTLETS COMMERCE 2
ADDRESS 800 Steven B Tanger Blvd Commerce, GA 30529 GROSS LEASABLE AREA 371,408 SF DAILY TRAFFIC COUNT Hwy 441 / 21,200 OVERVIEW MAJOR CITIES Athens, GA (20 miles) Atlanta, GA (63 miles) Greenville, SC (74 miles) POPULATION (60 Miles) / 4,020,339 Commerce, Georgia is one of the most visited outlet locations in the South. In addition to great outlet shopping, the area features quality lodging, excellent restaurants, and numerous destinations that are an attraction for tour groups and conventions. MSA Population 5,527,230 - Atlanta-Sandy Springs- Roswell, GA TANGER OUTLETS COMMERCE 3
GALLERY TANGER OUTLETS COMMERCE 4
LOCATION The center is located at I-85, Exit 149, Hwy 441 REGIONAL MAP LOCAL MAP TANGER OUTLETS COMMERCE 5
CENTER MAP SERVICE LEGEND SHOPPER SERVICES PURCHASE GIFT CARDS RESTROOMS CHARGING STATION BUS CHECK-IN COMPLIMENTARY ELECTRIC VEHICLE CHARGING STATION ATM STROLLER & WHEELCHAIR FAMILY RESTROOMS TOLLEY STOP AUTOMATED EXTERNAL DEFIBRILLATOR FREE WI-FI CENTERWIDE COUPON BOOKS VENDING MACHINE MOTHERS ROOM SHOPPER SERVICES Visit before you shop! 609 602 601 510 506 505 503 500 411 410 409 408 406 404 402 400 313 311 310 309 308 307 306 304 302 210 209 208 206 204 203 203B 202 201 205 200 112 111 701 110 109 708 107 710 801 803 106 105B 105A 805 809 1106 1114 1110 1103 1100 1010 1005 1000 911 909 908 900 1200 1202 1205 1210 1215 1225 104 102 101A 810 100 STEVEN B. TANGER BLVD. TANGER OUTLETS COMMERCE 800 Steven B. Tanger Boulevard Commerce, GA 30529 TANGER OUTLETS COMMERCE 6
AERIAL The center is located right on the edge of the Atlanta Metro area, off Highway 85. TANGER OUTLETS COMMERCE 7
MARKET SNAPSHOT AERIAL TANGER OUTLETS COMMERCE 8
RETAIL SNAPSHOT MAP TANGER OUTLETS COMMERCE 9
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0-60 MILES DEMOGRAPHICS 1,476,706 Households STATISTICS 0-5 MILES 0-10 MILES 0-30 MILES 0-45 MILES 0-60 MILES Population 13,688 35,890 763,918 1,974,788 4,020,339 Households 5,015 12,741 269,878 688,015 1,476,706 Families 3,607 9,400 189,582 505,405 1,012,337 Median Age 39.2 39.4 35.4 36.5 36.9 Avg Household Income $54,960 $59,100 $68,546 $79,701 $84,821 $84,821 Avg. Household Income HOUSEHOLD INCOME 0-5 MILES 0-10 MILES 0-30 MILES 0-45 MILES 0-60 MILES Less than $15,000 16.8 % 15.5 % 13.9 % 10.6 % 10.6 % $15,000-$24,999 12.2 % 12.0 % 10.9 % 9.4 % 9.3 % $25,000-$34,999 12.4 % 12.4 % 10.3 % 9.0 % 9.0 % $35,000-$49,999 16.9 % 16.3 % 14.3 % 13.1 % 12.9 % $50,000-$74,999 18.7 % 18.0 % 18.5 % 18.4 % 18.1 % $75,000-$99,999 10.8 % 11.0 % 11.7 % 12.8 % 12.1 % $100,000-$149,999 7.9 % 9.8 % 12.3 % 15.7 % 15.0 % $150,000+ 9.2 % 12.0 % 16.0 % 20.9 % 21.8 % AGE DISTRIBUTION 0-5 MILES 0-10 MILES 0-30 MILES 0-45 MILES 0-60 MILES 0-14yrs 19.2 % 19.0 % 19.8 % 20.8 % 20.0 % 15-24yrs 11.6 % 12.1 % 15.9 % 14.0 % 13.6 % 25-44yrs 26.7 % 26.2 % 26.5 % 26.9 % 27.3 % 45-64yrs 25.3 % 26.9 % 24.3 % 26.0 % 26.1 % 65+ yrs 17.2 % 15.8 % 13.4 % 12.4 % 13.0 % 1,012,337 Families 36.9 Median Age 4,020,339 Population TANGER OUTLETS COMMERCE 11
SALES & TRAFFIC SEASONALITY JAN FEB MAR APR MAY JUN 4.7% 6.2% 8.9% 7.5% 7.7% 8.4% JUL AUG SEP OCT NOV DEC 9.7% 8.2% 7.4% 7.1% 10.4% 13.8% ZIP CODE STUDIES MARKET AREA 4/6/2018 11/10/2017 8/9/2017 6/15/2017 Anderson 2 2 3 1 Athens 10 11 13 11 Atlanta 10 7 8 9 Commerce Area 34 34 34 34 Gainesville 4 4 3 6 Greenville-Spartanburg 5 5 5 4 Gwinnett 7 11 11 13 NC 3 4 2 3 Other GA 11 11 11 8 Other SC 4 5 5 2 Other USA 10 6 5 9 TANGER OUTLETS COMMERCE 12
SHOPPER SNAPSHOT SHOPPER PROFILE Commerce Portfolio Females 77% 75% Average Age 42.5 46 Average Household Income $68,392 $91,837 Race-Caucasian 64% 71% Race-Hispanic or Latino 5% 5% Race - African American 14% 7% Race - Asian 7% 7% Marital Status- married 67% 73% Local Resident Shoppers 60% 58% Tourist (self-defined) 19% 42% GENERAL SHOPPING PATTERNS Commerce Portfolio Shopping Frequency (trips per yr) 12.4 8.2 Percentage of First Time Visitors 16% 17% Avg # of Stores Visited 7.3 8.7 Avg # of Stores Purchased In 3.3 4 % of shoppers making a purchase 93% 95% Length of Shopping Visit 124 minutes 129 minutes Average Size of Shopping Party 3.1 3.1 Average Shopping Expenditure $174 $243 Average Perceived Savings 34% 36% TANGER OUTLETS COMMERCE 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 GRAND COMMERCE RAPIDS 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 GRAND COMMERCE RAPIDS 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 COMMERCE 800 Steven B Tanger Blvd Commerce, GA 30529 TANGEROUTLETS.COM