OFFERING MEMORANDUM TARA PLAZA

TARA PLAZA84TH STREET &HOGAN DRIVEOmaha, NE

OFFERING MEMORANDUM

Value-Add | Retail Center

MARK SEGERExecutive Vice President+1 402 697 [email protected]

JEREMY FINKFirst Vice President+1 402 697 [email protected]

CONTACT US

TABLE OF CONTENTS

This Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective investors may require to evaluate a purchase of the Property. The information contained in this Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All information is presented “as is” without representation or warranty of any kind. Such information includes estimates based on forward-looking assumptions relating to the general economy, market conditions, competition and other factors which are subject to uncertainty and may not represent the current or future performance of the Property. All references to acreages, square footages, and other measurements are approximations. This Memorandum describes certain documents, including leases and other materials, in summary form. These summaries may not be complete nor accurate descriptions of the full agreements referenced. Additional information and an opportunity to inspect the Property may be made available to qualified prospective purchasers. You are advised to independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK.

The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions at any time with or without notice to you. All offers, counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner.

© 2018 CBRE, Inc. All Rights Reserved.

03 PROPERTY DESCRIPTION

10 PRICING AND FINANCIAL ANALYSIS

15 LOCATION OVERVIEW

18 RECENT SALES

20 DEMOGRAPHIC ANALYSIS

MARK SEGERExecutive Vice President+1 402 697 [email protected]

JEREMY FINKFirst Vice President+1 402 697 [email protected]

3

PROPERTY OVERVIEW

PROPERTY DESCRIPTIONT A R A P L A Z A

8 4 T H S T R E E T & H O G A N D R I V E

O M A H A , N E

HIGHLIGHTS + 61% occupied retail center

+ Located on signalized intersection across from Super Target

+ Excellent traffic counts; over 45,000 vehicles per day

+ Anchored by St Vincent De Paul Thrift Store and La Mesa

+ Terrific upside on rent increases and occupancy improvement

+ Includes six out parcel buildings, two storage buildings in the rear and a 35,475 SF strip center

DESCRIPTION

The subject property is a 65,781 square foot mostly retail property comprised of the primary 35,475 SF strip center; a 2,183 SF free-standing leased restaurant building on the northern most out parcel; a 2,574 SF vacant two-level office building (that historically housed the original developers’ real estate office); a 3,849 SF three-bay retail building on the out parcel just south of the office building; a 5,400 SF vacant commercial building on the hard northeast corner of 84th Street and Hogan Drive (originally housed a Radio Shack); a 5,498 SF two-level vacant office building just east of the former Radio Shack building; a leased 6,720 SF two-level office/flex building on the southeast corner of the site; and 4,082 SF of two metal storage buildings with approximately 13’ sidewall height.

Tara Plaza is well located on South 84th Street, the main North/South thoroughfare connecting Ralston and La Vista to Papillion, with convenient south access to Highway 370. The property is across the street from a Super Target, Home Depot and a newer Genesis Health Club facility. Additionally, Tara Plaza a neighbor to Papillion-La Vista High School, Tara Hills Golf Course, and Halleck

Park that houses Papillion’s popular aqua-center. Tara Plaza is on the northern edge of Papillion, one of Omaha’s fastest growing suburbs. In fact, Papillion is located in Sarpy County, ranked in the top 100 counties nationwide for percentage growth of housing units from 2010 to 2015. It’s No. 14 national ranking—among nearly 2,500 US counties with at least 5,000 dwellings—puts Sarpy County in the top 3% nationally on ranking housing growth. Papillion/Sarpy are popular areas of the Omaha Metro.

City-wide retail vacancy is currently 5.3% (4th Quarter 2017), with Papillion vacancy at 5%.. Average retail rent for neighborhood centers is $9.57 and $14.54 per square foot for the Sarpy West and South Central submarket, respectively. This is in comparison to the Average Retail Rents at Tara Plaza, which is currently averaging $7.51 per square foot. Tara Plaza obviously presents an outstanding opportunity to raise rental rates and improve occupancy with professional management.

METROPOLITAN STATISTICAL AREA (MSA) INFORMATION Figures are for the MSA unless otherwise noted.

+ 922,051 Population of nine-county metropolitan area

+ $63,818 Adjusted median household income compared to $53,133 for the U.S.

+ 23% Below the national average for housing costs

+ 31.4% Residents who have bachelor’s degrees or higher in the nine-county area, compared to 27.9% for the U.S.

Source: Greater Omaha Chamber of Commerce/Omaha Convention and Visitor’s Bureau

CBRE|MEGA AND BEAR PROPERTIES ARE PLEASED TO PRESENT THE TARA PLAZA RETAIL AND COMMERCIAL PROPERTY FOR SALE IN THE OMAHA MARKET.

4

T A R A P L A Z A8 4 T H S T R E E T & H O G A N D R I V E

O M A H A , N E

PROPERTY DESCRIPTION

PROPERTY PHOTOS

5


O M A H A , N E


PROPERTY PHOTOS

6


O M A H A , N E


PROPERTY PHOTOS

7


O M A H A , N E


SITE PLAN

SIGNALIZED MAIN INTERSECTION 84TH ST & HOGAN DR

1

8

7

4 3 2

5

6

1 Former Radio Shack|802 Hogan Drive2 810-814 S 84th Street3 818 S 84th Street4 828 S 84th Street5 807-823 S 84th Street6 Storage Buildings7 705-716 Hogan Drive8 701-704 Hogan Drive

SITE PLAN KEY


O M A H A , N E


TITLE SURVEY

SIGNALIZED MAIN INTERSECTION 84TH ST & HOGAN DR

9


O M A H A , N E


SITE AERIAL

84th Street

5

6

4 3 2

Hogan Street

705-16 Hogan Dr

810-814 S 84th St

Storage Buildings

818 S 84th St828 S 84th St

807-23 S 84th St

84th Street

1

7

701-704 Hogan Dr

Former Radio Shack|802 Hogan Dr

8

10

OFFERING SUMMARY

PRICING AND FINANCIAL ANALYSIS

LOCATION

+ Sale Price: $4,200,000

+ Price per Square Foot (GLA): $63.85

+ Gross Leaseable Area (GLA): 65,781 SF

+ Year Built: 1968-1977, 2003 (phases)

+ Lot Size: 9.01 Acres

EXPENSES 2017 CURRENT

+ Real Estate Taxes: $53,036

+ Insurance: $24,192

+ Utilities: $34,643

+ CAM: $56,696

+ Parking Lot/R&M: $17,840

TOTAL EXPENSES* $186,407

INCOME/EXPENSE SUMMARY CURRENT

+ OCCUPIED SPACE BASE RENT: $302,620

+ Expense Reimbursements: $85,674

+ GROSS EFFECTIVE INCOME: $388,294

+ @ 61% occupancy

+ Total Expenses: $186,407

NET OPERATING INCOME: $201,887

TOTAL RETURN IN PLACE $201,887


O M A H A , N E

*EXPENSES EXCLUSIVE OF INTER-OFFICE EXPENSE

11

INCOME & EXPENSE


O M A H A , N E

INCOME 2015 2016

RENT $344,672 $341,985

CAM INCOME $52,691 $80,659

TOTAL INCOME $387,363 $422,644

EXPENSES 2015 2016

TAXES $51,535 $52,887

INSURANCE $24,769 $24,769

UTILITIES $20,500 $21,052

REPAIRS, MAINTENANCE & REPLACEMENT $43,846 $44,723

SNOW, LANDSCAPING & GROUNDS $20,019 $20,575

MANAGEMENT, LEGAL & ACCOUNTING $20,014 $24,384

TOTAL EXPENSES* $162,683 $188,390

NET OPERATING INCOME $224,680 $234,254

*Expenses exclusive of exterior maintenance & commissions


12

RENT ROLL|WITH LEASE CHARGES AS OF 03/31/2018


O M A H A , N E


TARA PLAZA SHOPPING CENTER (tara)

As of: 03/31/2018

Rent Roll with Lease Charges

2:53 pm

03/27/2018

1

Time:

Date:

Page:

Move InUnit Unit type Resident Name

Resident

DepositUnit

Sq Ft

Market

Rent

Charge

CodeAmount Balance

Other

Deposit Lease Exp Move-Out

Current/Notice Residents

701-716 VACANT VACANT 5,498 0.00 0.00 0.00 0.00 0.00

0.00Total

705-716 acs ACS 6,720 2,854.41 0.00 6/1/1995 7/31/2021 0.00 0.00 3,780.00rent1

241.84ins

592.04retax

4,613.88Total

802 VACANT VACANT 5,400 0.00 0.00 0.00 0.00 0.00

0.00Total

807 stvincen ST VINCENT DE PAUL THRIFT STORES 9,335 1,177.50 0.00 12/1/2015 0.00 0.00 2,000.00rent1

335.94ins

822.43retax

3,158.37Total

810 cornerst CORNERSTONE RESTORATION, INC. 1,283 855.33 0.00 3/1/2012 8/31/2018 0.00 0.00 1,100.00rent1

1,100.00Total

811 absolute ABSOLUTELY HER, INC. 6,000 3,615.00 0.00 10/1/2011 9/30/2018 0.00 0.00 2,300.00rent1

215.92ins

528.61retax

3,044.53Total

812 VACANT VACANT 1,283 935.52 0.00 0.00 0.00 0.00

0.00Total

814 VACANT VACANT 1,283 908.79 0.00 0.00 0.00 0.00

0.00Total

815 inspired INSPIRED BRIDE INC. 1,500 750.00 0.00 3/1/2016 0.00 0.00 53.98ins

132.15retax

750.00rent1

936.13Total

817 headline HEAD LINES 1,280 746.66 0.00 6/1/2005 5/31/2020 0.00 0.00 990.00rent1

46.06ins

112.77retax

1,148.83Total

818 VACANT VACANT 2,574 0.00 0.00 0.00 0.00 0.00

0.00Total

13



O M A H A , N E



As of: 03/31/2018


2:53 pm

03/27/2018

2

Time:

Date:

Page:


Resident

DepositUnit

Sq Ft

Market

Rent

Charge

CodeAmount Balance

Other


Current/Notice Residents

819-821 partners PARTNERS IN LEARNING 2,800 1,621.67 0.00 1/1/2012 12/31/2019 0.00 0.00 1,621.67rent1

100.76ins

246.68retax

1,969.11Total

823 VACANT VACANT 2,800 1,750.00 0.00 0.00 0.00 0.00

0.00Total

825 diane DIANE DELSIGNORE d/b/a DIANE'S TAILORING 1,400 981.00 0.00 12/1/2005 9/30/2019 0.00 0.00 865.00rent1

50.38ins

123.34retax

1,038.72Total

828 ming MING AND MING 2,183 2,150.00 0.00 4/1/1989 12/31/2023 0.00 0.00 2,501.35rent1

78.56ins

192.33retax

2,772.24Total

829-831 lamesa LAMESA RESTAURANT 4,480 746.66 0.00 2/1/2001 10/31/2020 0.00 0.00 4,804.58rent1

161.22ins

394.69retax

5,360.49Total

833-835 getglamo GET GLAMOROUS, LLC 1,120 1,015.00 0.00 12/1/2011 6/30/2020 0.00 0.68 1,095.00rent1

40.30ins

98.68retax

1,233.98Total

837 lindquis LINDQUIST HEALTH GROUP, INC. 560 560.00 0.00 12/1/2008 11/30/2019 0.00 0.00 651.00rent1

20.15ins

49.34retax

720.49Total

839 grecian GRECIAN GYROS 1,400 780.00 0.00 1/1/1996 0.00 0.00 905.00rent1

50.38ins

123.34retax

1,078.72Total

841 VACANT VACANT 2,800 2,000.00 0.00 0.00 0.00 0.00

0.00Total

14



O M A H A , N E



As of: 03/31/2018


2:53 pm

03/27/2018

3

Time:

Date:

Page:


Resident

DepositUnit

Sq Ft

Market

Rent

Charge

CodeAmount Balance

Other


65.00

35.00

Current/Notice Res.

Future Residents/Applicants

Square

Footage

Market

Rent

Security

Deposit

Other

Deposit

# of

Units

Occupancy

Occupied Units

Vacant Units

Totals:

ins 1,395.49

rent1 23,363.60

retax 3,416.40

Total 28,175.49

0.00

0.00

0.00

0.00

40,061

21,638

17,853.23

5,594.31

13

7

100.00 20.00 0.00 0.00 23,447.54 61,699.00

Summary of Charges by Charge Code (Current/Notice residents only)

Lease

Charges

28,175.49

0.00

28,175.49

Balance

0.68

0.00

0.68

Additional Storage Buildings 4,082 SF

Total 65,781 SF

15


O M A H A , N E

OMAHA

Located in east-central Nebraska, along the Missouri River, the Omaha-Council Bluffs, NE-IA Metropolitan Statistical Area (MSA) is made up of five counties

in Nebraska and three in Iowa, covering nearly 5,000 square miles. Included in the MSA are the cities of Omaha, Bellevue, La Vista and Papillion, NE and

Council Bluffs, IA. With a metropolitan population of approximately 931,600, Greater Omaha has the largest and fastest growing population in the state of

Nebraska. The active labor force of nearly 500,000 is the largest in the state. The metro area’s population is projected to surpass 1,000,000 by 2023. This is

an increase of approximately 1.2% annually, outperforming the national average of 0.69%.

MARKET OVERVIEW

ECONOMIC SNAPSHOT

• Over 40,000 businesses currently operate in the Omaha metro area.

The area enjoys a diverse employment base resulting in steady growth

over the long term. Nebraska has the nation’s lowest unemployment rate

of 3.2% (February 2017) with the Omaha metro at a close 3.4%.

• According to the U.S. Department of Commerce, the Omaha-Council

Bluffs Gross Metropolitan Product measured nearly $59.1 billion in

2015, which was an increase of approximately 24% since 2010. This

ranks the area 52nd among regional economies in the United States.

• Omaha is home to a large base of international firms and business

leaders including the headquarters of four Fortune 500 companies –

Berkshire Hathaway, Union Pacific, Peter Kiewit Sons’ and Mutual of

Omaha Insurance – and five Fortune 1000 companies – TD Ameritrade,

Green Plains, Valmont Industries, West Corporation and Werner

Enterprises. It is also home to international architectural firms Leo Daly

and Associates, HDR, Inc. and DLR Group.

• Omaha enjoys one of the most advanced communications infrastructures

in the world and is a top destination for cultivating information technology

companies. Six of the nation’s largest fiber optic lines run through the

region to data and call centers supporting many of the nation’s top tech-

driven firms, including Google, Facebook, Yahoo, PayPal, First Data and

LinkedIn. Additionally, there are several large-scale call/service centers

located in Omaha including Hyatt Hotels, Omaha Steaks, Convergys,

Sitel Corporation, West Corporation, Alorica, CSG Systems and Marriott

Hotels.

GREATER OMAHA MAJOR EMPLOYERS OFFICE USERS BY NUMBER OF EMPLOYEES

6

valuationLOCATION OVERVIEW

16

GREATER OMAHA AREA

Greater Omaha is the home of four Fortune 500 headquarters: Berkshire Hathaway, Mutual of Omaha, Peter Kiewit Sons’, Inc. and Union Pacific Railroad.

Greater Omaha maintains a higher concentration of high wage jobs, financial institutions, education, healthcare, professional and business service sectors compared to the nation.

Additionally, another five Omaha area companies are in Fortune 1000 - Great Plains Renewable Energy, Valmont, TD Ameritrade, West Corporation and Werner Enterprises.


LOCATION OVERVIEWT A R A P L A Z A


O M A H A , N E

GREATER OMAHA

+ #6 - The 12 Metro Areas with the Least-Stressed Commuters (LawnStarter - Oct 2016)

+ #11 - Top Tech Cities in the Midwest (ComputeMidwest.com - Sep 2016)

+ #11 - 2016’s Best Cities to Start a Career (WalletHub - May 2016)

+ #6 - The Top 10 Cities for First-Time Homebuyers (SmartAsset - Mar 2016)

+ #3 - The Best Cities to Find a Job in 2016 (ZipRecruiter - Jan 2016)

+ #1 - The Top 10 Best American Cities to Work in Tech in 2015 (SmartAsset - Sep 2015)

+ #2 - Best Places to Live 2015 (Papillion) (Time.com/money - Aug 2015)

+ #2 - 2015’s Best City for Recreation (WalletHub - Jul 2015)

+ #1 - The U.S. Healthcare Affordability Index (35 U.S. Metropolitan Areas) (Castlight Health - Jun 2015)

+ #5 - Best Cities to Work for a Small Business (WalletHub - May 2015)

+ #8 - The Top 10 Cities for New College Grads (SmartAsset - Apr 2015)


RANKINGS AND RECOGNITION

17

LOCATION REGIONAL AND CITY

CITY OF OMAHA - METROPOLITAN AREA

THE PROPERTY

THE PROPERTY

DISTANCE - TO MAJOR LOCATIONS

LOCATION MILES DRIVE TIMELINCOLN, NE 55 1 HOURKANSAS CITY, MO 196 3 HOURSDES MOINES, IA 189 3 HOURSMINNEAPOLIS, MN 432 6.5 HOURS

LOCATION OVERVIEWT A R A P L A Z A


O M A H A , N E

18

RECENT SALEST A R A P L A Z A


O M A H A , N E

PROPERTY: 48TH & VINE, LINCOLN, NE

CLOSE OF ESCROW: 3/31/2015

SALE PRICE:$4,851,000

TOTAL RENTABLE SF:55,321

PRICE/SF:$87.69

YEAR BUILT:1967

CAP RATE:8.93%

LEASE TYPE: DOUBLE-NET; MULTI-TENANT

DESCRIPTION: Neighborhood Center anchored by Goodwill and Ace Hardware; sale handled by CBRE|MEGA

PROPERTY: ELK RIDGE PLAZA20275 HONEYSUCKLE DRIVE, ELKHORN, NE




PRICE/SF:$106.37

YEAR BUILT:2010

CAP RATE:6.6% without hair salon, 7.67% with hair salon

LEASE TYPE: NNN; MULTI-TENANT

DESCRIPTION: 92% leased center on 2.57 acres; sale handled by CBRE|MEGA

19

RECENT SALEST A R A P L A Z A


O M A H A , N E

PROPERTY: HAINES STATION2255 HAINES AVE, RAPID CITY, SD




PRICE/SF:$75.22

YEAR BUILT:1980

CAP RATE:9.1%


DESCRIPTION: 100% leased shopping center anchored by Hancock Fabrics, close to Rushmore Mall off I-90; sale handled by CBRE|MEGA

PROPERTY: 76 CASS COURT7609 CASS STREET, OMAHA, NE




PRICE/SF:$96.57

YEAR BUILT:1986

CAP RATE:8.50%


DESCRIPTION: 91% occupied center, un-anchored strip, cap rate based on trailing 12 month NOI

20

DEMOGRAPHIC ANALYSIST A R A P L A Z A


O M A H A , N E

AREA DEMOGRAPHICS84TH AND HOGAN DRIVE

DEMOGRAPHIC PROFILE

1 MILE 3 MILES 5 MILES

2016 Businesses 485 2,241 6,484

2016 Employees 7,851 39,657 110,546

2016 Population - Current Year Estimate 9,071 71,594 152,900

2021 Population - Five Year Projection 9,638 77,955 163,522

2010 Population - Census 8,720 64,834 141,685

2000 Population - Census 8,367 52,281 124,274

2010-2016 Annual Population Growth Rate 0.63% 1.60% 1.23%

2016-2021 Annual Population Growth Rate 1.22% 1.72% 1.35%

2016 Population 9 ,071 71 ,594 152 ,900Age 0-4 484 5.3% 5,234 7.3% 10,832 7.1%Age 5-9 535 5.9% 5,237 7.3% 10,749 7.0%Age 10-14 705 7.8% 5,158 7.2% 10,661 7.0%Age 15-19 724 8.0% 4,630 6.5% 9,595 6.3%Age 20-24 570 6.3% 4,997 7.0% 10,535 6.9%Age 25-29 548 6.0% 5,569 7.8% 12,164 8.0%Age 30-34 521 5.7% 5,547 7.7% 11,935 7.8%Age 35-39 532 5.9% 4,960 6.9% 10,356 6.8%Age 40-44 548 6.0% 4,539 6.3% 9,498 6.2%Age 45-49 647 7.1% 4,522 6.3% 9,351 6.1%Age 50-54 779 8.6% 4,989 7.0% 10,213 6.7%Age 55-59 754 8.3% 4,669 6.5% 9,624 6.3%Age 60-64 599 6.6% 3,848 5.4% 8,290 5.4%Age 65-69 439 4.8% 2,991 4.2% 6,619 4.3%Age 70-74 298 3.3% 1,908 2.7% 4,554 3.0%Age 75-79 185 2.0% 1,288 1.8% 3,358 2.2%Age 80-84 116 1.3% 772 1.1% 2,261 1.5%Age 85 and Older 87 1.0% 736 1.0% 2,307 1.5%

2016 Median Age 39.2 34.5 35.0

2016 Population 9 ,071 71 ,594 152 ,900

White 8,148 89.8% 61,655 86.1% 126,215 82.5%

Black or African American 277 3.1% 2,816 3.9% 5,701 3.7%

Asian 170 1.9% 2,064 2.9% 4,053 2.7%

American Indian or Alaska Native 41 0.5% 364 0.5% 955 0.6%

Pacific Islander 3 0.0% 57 0.1% 140 0.1%

Other Race 184 2.0% 2,395 3.3% 10,905 7.1%

Two or More Races 247 2.7% 2,244 3.1% 4,932 3.2%

Hispanic 588 6.5% 6,384 8.9% 21,902 14.3%

White Non-Hispanic 7,829 86.3% 58,389 81.6% 117,171 76.6%

©2017 CBRE. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are forexample only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the propertyfor your needs. Source: Esri Page 1 ProjectID:202850

PLACE OF WORK

POPULAT ION

A G E

RACE AND ETHNIC ITY

84TH AND HOGAN DRIVEDEMOGRAPHIC PROFILE


2016 Population 25 and Over 6 ,052 46 ,340 100 ,530

Less than 9th Grade 66 1.1% 1,102 2.4% 4,176 4.2%

9-12th Grade - No Diploma 147 2.4% 1,353 2.9% 5,227 5.2%

High School Diploma 1,236 20.4% 9,163 19.8% 20,927 20.8%

GED or Alternative Credential 77 1.3% 1,017 2.2% 3,239 3.2%

Some College - No Degree 1,437 23.7% 11,246 24.3% 23,817 23.7%

Associate`s Degree 454 7.5% 4,404 9.5% 9,216 9.2%

Bachelor`s Degree 1,704 28.2% 12,443 26.9% 23,112 23.0%

Graduate or Professional Degree 931 15.4% 5,612 12.1% 10,816 10.8%

2016 Population 9 ,071 71 ,594 152 ,900

Males 4,485 49.4% 35,284 49.3% 75,492 49.4%

Females 4,586 50.6% 36,310 50.7% 77,408 50.6%

2016 Population 15+ 7 ,346 55 ,967 120 ,657

Never Married 2,094 28.5% 16,977 30.3% 37,247 30.9%

Married 4,325 58.9% 30,654 54.8% 63,594 52.7%

Widowed 285 3.9% 2,420 4.3% 6,230 5.2%

Divorced 642 8.7% 5,916 10.6% 13,586 11.3%

2016 Civi l ian Population 16+ in Labor Force 5 ,177 40 ,794 85 ,267

2016 Employed Civilian Population 16+ 5,010 96.8% 39,574 97.0% 82,248 96.5%

2016 Unemployed Population 16+ 166 3.2% 1,220 3.0% 3,019 3.5%

2016 Employed Civi l ian Population 16+ 5 ,010 39 ,574 82 ,248

White Collar 3,719 74.2% 27,015 68.3% 51,945 63.2%

Services 584 11.7% 5,980 15.1% 13,698 16.7%

Blue Collar 708 14.1% 6,580 16.6% 16,603 20.2%

2016 Daytime Population 10 ,297 63 ,592 157 ,098

Daytime Workers 6,211 60.3% 31,530 49.6% 86,174 54.9%

Daytime Residents 4,086 39.7% 32,062 50.4% 70,924 45.1%


EDUCAT ION

GENDER

MAR ITAL STATUS

EMPLOYMENT STATUS

CLASS OF WORKER

DAYT IME POPULAT ION

21

DEMOGRAPHIC ANALYSIST A R A P L A Z A


O M A H A , N E

AREA DEMOGRAPHICS 84TH AND HOGAN DRIVEDEMOGRAPHIC PROFILE


2016 Households - Current Year Estimate 3,462 27,463 59,670

2021 Households - Five Year Projection 3,711 29,891 63,845

2010 Households - Census 3,257 24,877 55,222

2000 Households - Census 2,863 19,561 47,770

2010-2016 Annual Household Growth Rate 0.98% 1.59% 1.25%

2016-2021 Annual Household Growth Rate 1.40% 1.71% 1.36%

2016 Average Household Size 2.61 2.59 2.54

2016 Households 3 ,462 27 ,463 59 ,670

Under $15,000 102 2.9% 1,520 5.5% 3,915 6.6%

$15,000-$24,999 144 4.2% 1,907 6.9% 4,799 8.0%

$25,000-$34,999 182 5.3% 2,590 9.4% 6,194 10.4%

$35,000-$49,999 391 11.3% 3,825 13.9% 9,194 15.4%

$50,000-$74,999 611 17.6% 5,161 18.8% 12,611 21.1%

$75,000-$99,999 493 14.2% 4,032 14.7% 8,433 14.1%

$100,000-$149,999 911 26.3% 5,374 19.6% 9,717 16.3%

$150,000-$199,999 432 12.5% 1,989 7.2% 3,069 5.1%

$200,000 and Over 197 5.7% 1,064 3.9% 1,739 2.9%

2016 Average Household Income $101,639 $83,129 $74,921

2021 Average Household Income $111,412 $91,878 $82,789

2016 Median Household Income $88,567 $66,938 $58,839

2021 Median Household Income $101,027 $79,224 $68,746

2016 Per Capita Income $37,248 $32,170 $29,307

2021 Per Capita Income $41,025 $35,527 $32,378

2016 Owner Occupied Housing Units 2 ,520 16 ,990 37 ,349

Under $50,000 61 2.4% 396 2.3% 1,348 3.6%

$50,000-$99,999 65 2.6% 793 4.7% 3,784 10.1%

$100,000-$149,999 375 14.9% 4,009 23.6% 12,335 33.0%

$150,000-$199,999 632 25.1% 4,398 25.9% 8,365 22.4%

$200,000-$249,999 742 29.4% 3,195 18.8% 5,026 13.5%

$250,000-$299,999 344 13.7% 1,886 11.1% 2,589 6.9%

$300,000-$399,999 277 11.0% 1,795 10.6% 2,601 7.0%

$400,000-$499,999 23 0.9% 390 2.3% 781 2.1%

$500,000-$749,999 0 0.0% 75 0.4% 355 1.0%

$750,000-$999,999 0 0.0% 25 0.1% 66 0.2%

$1,000,000 and Over 0 0.0% 27 0.2% 99 0.3%

2016 Median Value of Owner Occ. Housing Units $208,524 $187,477 $157,218

2016 Average Value of Owner Occ. Housing Units $211,483 $205,069 $182,903


HOUSEHOLDS

HOUSEHOLD INCOME

HOUS ING VALUE

84TH AND HOGAN DRIVEDEMOGRAPHIC PROFILE

NAME LATITUDE LONGITUDE

41.164862 -96.042939

©2017 CBRE. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are forexample only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the propertyfor your needs. Source: Esri ProjectID:202850

Documents

OFFERING MEMORANDUM TARA PLAZA