dawson county, GA 30534 Offering Memorandum

dawson county, GA 30534 Offering Memorandum dawsonville marketplace land presented by :: FRED RODDY Senior Vice President Investment Properties 404.812.5147

dawsonville marketplace land

executive overview The Dawsonville Marketplace land is 103 acres in the heart of the Dawsonville Retail market. The property is immediately south of the North Georgia Premium Outlet. The Dawsonville retail market is anchored by the North Georgia Premium Outlet and the outlet is a very well recognized retail destination for all of North Atlanta and North Georgia. The property has ±400 feet of frontage on GA 400 and is bounded by Whitmire Drive on the south, Lumpkin Campground Road to the west and Dawsonville Forrest Highway to the north. The County of Dawson is currently widening Whitmire Drive. Access from GA 400 is direct from the south bound land and from two intersections. Sembler - a retail mixed-use real estate development company - acquired this land in the latter part of the last real estate cycle for $152,000 per acre. Their plan before the downturn was to build a 900,000 sf Power Center of Big Box Retail - seen below. (Some of the frontage on GA 400 shown on this site map is available by First right of Refusal) Please refer to the boundary survey for the 103 acre parcel. Dawsonville is to be the next area in the GA 400 corridor to experience rapid growth. Cumming is the nearest southern neighboring city and it current development is a precursor to what will happen in Dawsonville. This is an opportunity to land bank a site that is easily understood to be the beneficiary of the next cyclic growth of North Atlanta. 1

property overview and site plan DAWSON MARKETPLACE-LAND SITE ANALYSIS CBRE is pleased to present the exclusive opportunity to acquire the Dawsonville Marketplace site, located at the northeast quadrant of GA 400 and Whitmire Road. The property has frontage along GA Highway 400, Dawson Forest Road, Whitmire Road, Lumpkin Campground Road and Gordon Moss Road. This land opportunity has the potential to be developed into commercial and/or retail once market conditions return to normalcy and support a development for these uses. The property is approximately 103.51 acres and has multiple commercial zonings. PLAT MAP Address: Municipality: NE Quadrant of GA 400 and Whitmire Road Dawsonville, GA 30534 Dawson County/City of Dawsonville PROPERTY SIZE: 103.51 acres ± ZONING: utilities available: traffic counts: CHB, Highway Business Commercial District Water, electricity GA 400-27,130 vpd parcel id s: 106-075-008; 107-318 2

market overview Location The subject property consists of a 103.51± acre land tract located in Dawson County, in the City of Dawsonville, GA. At the northeast quadrant of GA 400 and Whitmire Road, this opportunity is just one mile south of the North Georgia Premium Outlets. The site is approximately eight miles southeast of downtown Dawsonville and approximately 50 miles northeast of downtown Atlanta, GA via GA 400. Physical Description Gross Site Area...103.51 acres... 4,508,896 SF Net Site Area...103.51 acres... 4,508,896 SF Primary Road Frontage...Gordon Moss Rd... Approx. 3,210 Secondary Road Frontage...Dawson Forest Rd... Approx. 450 Additional Road Frontage...Whitmire Dr... Approx. 2,030 Additional Road Frontage...Lumpkin Campground Rd... Approx. 3,845 Additional Road Frontage...GA 400... Approx. 450 Excess Land Area...None Surplus Land Area...None Shape...Irregular Topography...Level Zoning District...CHB, Highway Business Commercial District Flood Map Panel No. & Date...13085C0225B... 9/26/2008 Flood Zone...Zone X Adjacent Land Uses...Commercial and residential uses Zoning CHB, Highway Business Commercial District Property Taxes $62,241 demographics Dawson County 2012 Estimated Population 23,374 2017 Projected Population 26,014 2000 Census Population 15,999 1990 Census Population 9,429 Growth 2000-2012 46.10% Growth 2012-2017 11.29% 2012 Estimated Median Age 38.79 2012 Estimated Average Age 38.20 2012 Estimated Households 8,800 2017 Projected Households 9,748 2000 Census Households 6,069 1990 Census Households 3,360 Growth 2000-2012 45.00% Growth 2012-2017 10.77% 2012 Est. Average Household Size 2.62 2012 Est. Median Household Income $54,134 2017 Prj. Median Household Income $55,095 2000 Cen. Median Household Income $48,297 1990 Cen. Median Household Income $28,224 2012 Est. Average Household Income $67,543 2012 Estimated Per Capita Income $25,639 2012 Estimated Housing Units 10,864 2012 Estimated Occupied Units 8,800 2012 Estimated Vacant Units 2,064 2012 Est. Owner Occupied Units 7,017 2012 Est. Renter Occupied Units 1,783 2012 Est. Median Housing Value $168,397 2012 Est. Average Housing Value $223,907 3

dawson county market Population Population statistics for Dawson County and the State of Georgia are summarized in the table to the right. Economic Development Dawson County, a total area of 211 square miles. In 2011, Dawson County beat the state s unemployment rate of 9.8%, maintaining a steady 8.9%, consistent with little fluctuation during the recent recession. Dawson County is surrounded by seven counties, two of which are suburbs of Atlanta. According to a 2011 Georgia Department of Labor report, the two suburbs alone have a labor force in excess of 200,000 people to compliment Dawson County s work force of 11,358. However, the entire seven surrounding counties have a labor force of 355,006. In addition, Dawson County businesses can also draw on the work force embedded in heavily populated North Atlanta which can be an estimated 30-45 minute commute in many cases. As a matter of fact, 14 percent of persons working in Dawson County come from the one surrounding county that is closest to Atlanta. Conversely, although 34.5 percent of the Dawson County work force is employed locally, 35.1 percent commute to the southern surrounding county, with 14.9 percent of the workers commuting further into Fulton County the inner most city of Atlanta county. 983 and 31,854 along with Production Operatives of 828 and 22,934 respectively in Dawson County and Area. The entire Dawson Area to North Atlanta work force potential is impacted by the prestigious powerhouse universities and colleges near Dawson County to guarantee an educated workforce as well as inspire targeted recruitment. The University of Georgia in nearby in Athens, Atlanta s Georgia Tech and Georgia State University are less than 60 minutes from Dawson County, plus Agnes Scott and Morehouse Colleges add to the spectacular labor pool potential. Locally, higher learning is supported by the North Georgia College & State University which is approximately 25 minutes from the city According to the 2010 Census, 21.9 percent of the Dawson Area population between the ages of 18-65 has some college education and 19 percent have earned a four year college degree. In the time frame of 2006-2010, 84.6 percent of the population graduated high school. Of the total civilian labor work force, the largest worker group is Management, Business and Financial workers with 1072 in Dawson County and 34,044 in the Dawson Area. The next largest group is Administrative Support 1434 in Dawson County and 36,939 in the Dawson Area. Sales Workers totaled 4

topographical map TOPOGRAPHICAL MAP 5

of Dawsonville, the private Brenau University and Gainesville State College (both 35 to 40 minutes to the east) as well as Southern Catholic College and a Lanier Technical College campus located in Dawsonville with two other technical campus locations in nearby cities. Geography The county seat of Dawson County is Dawsonville, Georgia. According to the U.S. Census Bureau, Dawson County covers 211 square miles. 208 square miles of the County is land and 3 square miles (1.36%) is water. Part of Lake Lanier is in the southeastern part of the county and the boundary line with neighboring counties passes through the lake. The 729-foot Amicalola Falls are the highest not only in Georgia, but the highest falls east of the Mississippi River and are considered one of the Seven Natural Wonders of Georgia. The highest point in the county is Black Mountain, with an elevation of 3,600 feet. The Amicalola, Chestatee and Etowah rivers flow through Dawson County. Big Canoe Big Canoe, Georgia is a common interest development gated community, consisting of over 8,000 acres in the mountains. Located between Jasper, Georgia, and Dawsonville, Georgia, about 60 minutes north of Atlanta; it has about 3,100 full time residents and as many weekenders. The South s Premier Mountain Community is conveniently located just one hour north of Atlanta, Georgia and metro area airports. Big Canoe s park-like setting includes 8,000+ acres of pristine woodlands, meadows, lakes and streams, of which over 2,000 are accessible greenspace. With the added punch of resort-style amenities like golf, tennis, swimming, state-of-the-art fitness Government Structure Dawson County is a political subdivision of the State of Georgia. The governing authority of the County is the Board of Commissioners. The general duties of the Board of Commissioners are to enact resolutions and ordinances for the general health, safety and welfare of the citizens of Dawson County; to levy taxation when necessary to finance the operation of the county government; to plan for future public needs; and to provide necessary services to safeguard the well-being and safety of the citizens. Dawson County has a five member board with four district commissioners and a chairman who are all elected at large. Commissioners serve a term of four years and all are elected on staggered terms. The vice chairman of the Board is elected each year by the five-member Board of Commissioners. 6

center, over 22 miles trails and more than 50 clubs and organizations, Big Canoe is a prospering community. Big Canoe Realty offers new and resale homes, priced from $200,000 to $3 million+. City of Dawsonville Dawsonville, incorporated December 10, 1859, is the county seat of Dawson County. The city was named after William C. Dawson, a compiler of the laws of Georgia and commander of a brigade in the Creek Indian War of 1836. Dawson also served in both houses of the state legislature and in Congress before the Civil War. Among the first structures built in Dawsonville were a log courthouse and a wooden reinforced jail. The original courthouse was replaced in 1860, by the historic courthouse which still stands in the middle of Dawsonville. The original jail was destroyed by fire soon after it was completed during a failed escape attempt. The county was without a jail until 1881, when the historic jail was completed. During the period when no jail was available, county officials relied on jails in surrounding counties to house prisoners. The old jail is located west of the courthouse and, along with the historic courthouse, is listed in the National Register of Historic Places. Both the jail and the courthouse have undergone extensive renovation to restore them to their original appearance. Dawsonville hosts a number of festivals and events, including The Mountain Moonshine Festival the 4th weekend in October. The Dawsonville town square comes alive with cars, arts and crafts displays, clogging, and other entertainment. Dawsonville s also the home of NASCAR Champion, Bill Elliott. According to the 2010 Census, the City of Dawsonville has a population of 2536 residents. Between 2000 and 2010 Census, the city experienced a population increase of 139%. demographics Selected demographics from the subject are shown in the following table: Dawsonville 2012 Estimated Population 1,703 2017 Projected Population 2,070 2000 Census Population 716 1990 Census Population 530 Growth 2000-2012 137.72% Growth 2012-2017 21.58% 2012 Estimated Median Age 37.30 2012 Estimated Average Age 37.70 2012 Estimated Households 677 2017 Projected Households 829 2000 Census Households 300 1990 Census Households 206 Growth 2000-2012 125.85% Growth 2012-2017 22.34% 2012 Est. Average Household Size 2.54 2012 Est. Median Household Income $45,784 2017 Prj. Median Household Income $46,834 2000 Cen. Median Household Income $41,597 1990 Cen. Median Household Income $27,967 2012 Est. Average Household Income $58,336 2012 Estimated Per Capita Income $22,378 2012 Estimated Housing Units 742 2012 Estimated Occupied Units 677 2012 Estimated Vacant Units 65 2012 Est. Owner Occupied Units 447 2012 Est. Renter Occupied Units 230 2012 Est. Median Housing Value $155,392 2012 Est. Average Housing Value $197,724 7

:: Affiliated Business Disclosure & Confidentiality Agreement CBRE, Inc. operates within a global family of companies with many subsidiaries and/or related entities (each an Affiliate ) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates may represent various clients with competing interests in the same transaction. For example, this Memorandum may be received by our Affiliates, including CB Richard Ellis Investors, Inc. or Trammell Crow Company. Those, or other, Affiliates may express an interest in the property described in this Memorandum (the Property ) may submit an offer to purchase the Property and may be the successful bidder for the Property. You hereby acknowledge that possibility and agree that neither CBRE, Inc.. nor any involved Affiliate will have any obligation to disclose to you the involvement of any Affiliate in the sale or purchase of the Property. In all instances, however, CBRE, Inc.. will act in the best interest of the client(s) it represents in the transaction described in this Memorandum and will not act in concert with or otherwise conduct its business in a way that benefits any Affiliate to the detriment of any other offeror or prospective offeror, but rather will conduct its business in a manner consistent with the law and any fiduciary duties owed to the client(s) it represents in the transaction described in this Memorandum. presented by :: FRED RODDY Senior Vice President Investment Properties 404.812.5147 This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property. This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Property or the owner of the Property (the Owner ), to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and CBRE, Inc. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner. Neither the Owner or CBRE, Inc, nor any of their respective directors, officers, Affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the real property. The Owner expressly reserved 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 with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner s obligations therein have been satisfied or waived. By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confident nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or CBRE, Inc. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or CBRE, Inc. If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to CBRE, Inc.. 2012 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.