- COLORADO SPRINGS, COLORADO -

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1 - COLORADO SPRINGS, COLORADO South Tejon Street, Suite

2 PROJECT SUMMARY Powers Autopark is located at the southeast corner of Woodmen Road and Austin Bluffs Parkway in northeast Colorado Springs, approximately one-half mile east of Powers Boulevard. Phase I, containing approximately 46 acres, is situated between Austin Bluffs Parkway to the west and Test Drive to the east. Existing dealerships include: Colorado Springs Dodge Faricy Jeep-Chrysler Bob Penkus Mazda Liberty Toyota Freedom Honda Rocky Mountain Autobrokers Available in Phase I is an additional 10 acres, presently offered exclusively to new car franchises with new and use car sales. The 10 acres may be divided into lot sizes suitable to the needs of interested dealerships. Phase II, containing approximately 50 acres, is located between Test Drive to the west and Duryea Drive to the east. This land may be developed as mixed commercial use, combining auto-related sales and services with other neighborhood needs such as banking and restaurants.

3 About Nor wood About Nor wood Since 1966, Nor'wood has been Colorado Springs' leading, locally-owned developer with a portfolio in excess of 2.3 million square feet of retail, office and commercial space and 2,500 acres of residential and mixed-use land. Nor wood has exemplified its commitment to Colorado Springs through numerous high-quality, long-term developments that have enhanced the vibrancy and economic development of the city, including but not limited to: The 470,000 square foot Plaza of the Rockies in the core of Downtown Colorado Springs stands for quality, sophistication and innovation. Striking architectural features, stacked brick archways and expansive glass portray forward-thinking professionalism. The building serves as home for national and regional companies, including Booz Allen Hamilton, Colorado Springs Utilities corporate headquarters, numerous federal government agencies, as well as several national financial service companies. The Plaza lobby connects north and south towers, creating a natural gathering place home to one of the city s newest cultural assets, University of Colorado at Colorado Spring s Gallery of Contemporary Art (GOCA), and culinary dining hotspot, Nosh. Alamo Corporate Center, a 12-story, 190,000 square foot Class A office building featuring an elegant lobby and professional amenities such as a fitness center, full-service banking, regional law firms and a title company. Located directly across from the Plaza of the Rockies on Tejon Street, Alamo Corporate Center adds to Nor'wood's campus-styled layout in the center of the city's financial district. Adjacent to the City s prized America the Beautiful Park, the 100 acre Palmer Village in the southwest corner of Downtown Colorado Springs is prepared for development into a mix of office, commercial, special retail, entertainment, hotel, parking and a variety of residential uses. Nor'wood's strategic influence is evident in its master planned communities - Nor'wood, Wolf Ranch and Mesa Ridge which boasts a combined 6,500 acres of residential and mixed-use development. Colorado Springs premier lifestyle center on the eastside of the city, First & Main Town Center, demonstrates the company s deep understanding of retail development. The complex features a 16-screen Cinemark Theatre and 3-D IMAX, Dick s Sports, Super Target, Lowe s Home Improvement Center, Staples and Best Buy, among other retail and restaurant establishments. Upon final build-out, project will encompass 800,000+ square feet. InterQuest Marketplace is a premier commercial center on the north end of Colorado Springs with approximately 900,000 SF of retail, hotel, dining, entertainment and residential space. Phase 1 is currently underway featuring a Hollywood Theater, Brunswick Zone XL and restaurants such as Cheddar s Casual Café and Colorado Mountain Brewery. In addition, Nor wood has played a pivotal role in bringing to life such local gems as America the Beautiful Park, a massive community gathering place where numerous special events take place each year.

4 PROJECT HIGHLIGHTS Comments and features of the Powers Autopark site and the surrounding area include: The City of Colorado Springs has a population of approximately 609,096. There are an estimated 264,310 people living within a 7-mile radius of the Powers Autopark site, with a 2016 projection of 292,722 people. The Powers Autopark site is located in the fastest growing residential quadrant of Colorado Springs. The Powers Autopark site s primary trade area now includes roughly two thirds of the population growth in Colorado Springs. Income levels in the immediate areas of the Powers Autopark are impressive. The 2011 estimated average household income within an 7-mile radius of the Powers Autopark site is $72,778. More importantly, the 2011 estimated average household incomes within a 3-mile radius and 5-mile radius of the Powers Autopark site are $82,017 and $76,939 respectively. Current roadways will place more than half of the population in Colorado Springs within a ten to fifteen minute drive of the Powers Autopark. Access and visibility are excellent from all roads intersecting the development. Slopes are upward to the east, providing excellent exposure to each dealer form Woodmen Road and Austin Bluffs Parkway. Source: Nielsen, February 2012

5 PROJECT HIGHLIGHTS ( continued) Other comments and features of the Powers Autopark site and the surrounding area include: The development includes oversized streets with a center lane reserved for transport off-loading, with roundabouts to enhance customer safety and ease of reaching dealers. Architectural Guidelines and Covenants enhance and ensure an environment of quality and consistency. Phase I and II are zone C-6 and are approved for auto sales and services, among other commercial uses. Land adjacent to Phase II, zoned PBC and situated between Duryea Drive to the west and Powers Boulevard to the east, is currently in the planning stages for compatible retail uses. Uses may include, among others, retailing, office, financial and big box users. Ongoing development near or adjacent to the Powers Autopark site will generate qualified and consistent new customers. The new St. Francis Regional Hospital, located at Woodmen Road and Powers Boulevard. The long range outlook for the Colorado Springs market is excellent.

6 Phase I Phase II POWERS AUTOPARK Site Aerial Fax: (719)

7 LOCATION MAP Source: Claritas, February 2010

8 AREA AUTOMOBILE DEALERSHIPS City of Colorado Springs Colorado

9 DEMOGRAPHIC INFORMATION 2011 Demographic Summary 3-Mile 5-Mile 7-Mile Population 100, , ,507 Households 34,143 62, ,238 Average HH Family Income $82,017 $76,939 $72,778 Median Age Source: Nielsen, February 2012

10 DEMOGRAPHIC INFORMATION Population Households Data From: Nielsen, 2012 DESCRIPTION 3-MILE 5-MILE 7-MILE 2016 Population 110, , , Estimates 100, , ,507 Growth % 8.65% 7.03% 2000 Census 70, , , Census 43,001 90, , Population 37,264 67, , Estimates 34,143 62, ,238 Growth % 7.92% 6.67% 2000 Census 24,487 47,622 85, Census 14,956 33,396 64, Tenure of Occupied Housing Units Owner Occupied 27,140 46,691 72,901 Renter Occupied 7,004 15,553 29, Est. Average Household Size Est. Household by Household Income Income less than $15,000 1,064 2,767 6,706 Income $15,000 - $24,999 1,187 3,375 7,626 Income $25,000 - $34,999 2,090 5,141 10,026 Income $35,000 - $49,999 4,472 8,895 15,523 Income $50,000 - $74,999 9,288 16,375 25,053 Income $75,000 - $99,999 7,276 11,607 16,528 Income $100,000 - $124,999 4,477 7,058 10,077 Income $125,000 - $149,999 2,189 3,320 4,901 Income $150,000 - $199,999 1,302 2,227 3,413 Income $200,000 - $499, ,307 2,333 Income $500,000 and more Est. Average Household Income $82,017 $76,939 $72, Est. Median Household Income $72,230 $66,708 $61, Est. Per Capita Income $27,989 $27,630 $27, Total Employment 20,002 65, ,031

11 EMPLOYMENT TRADE AREA 132,031 Total wsw.norwoodinteractive.com

12 Fax: (719) DRIVE TIME MAP POWERS AUTOPARK

13 POWERS AUTOPARK AREA RETAIL DEVELOPMENT LEGEND 1 Peterson Road Shoppette 13 Ridgeview Marketplace 2 Shops at Powers 14 Barnes Center 3 Palmer Park Supercenter 15 Barnes Corner Stop Addition 4 Safeway Marketplace East 16 Barnes 5 First & Main Town Center 17 Tutt Commercial Center 6 Springs Ranch Shopping Center 18 First & Main North 7 Powers Peak Center 19 Barnes 8 Constitution Corners 20 Briargate Crossing Shopping Center 9 Champion Cleaners Building 21 Research Plaza 10 Barnes Marketplace 22 Lowe s Home Improvement Warehouse 11 Powers Centre Shopping Center 23 The Market at Pine Creek 12 Constitution Place Center South 24 The Marketplace at Briargate Updated February, 2007

14 POWERS AUTOPARK 2011 Household Income by Zipcode

15 FUTURE POWERS BLVD. EXTENSION PROJECT Fax: (719)

16 POWERS AUTOPARK 2011 El Paso County Housing Build Out Map

17 POWERS AUTOPARK 2011 El Paso County Housing Build Out Map Data