Exclusive Investment Offering: Condominium Interest - Transwestern

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56 TRANSWESTERN ASSET INVESTMENT SALES GROUP | EXCLUSIVE INVESTMENT OFFERING Location McLean Overview Ideally situated within the Capital Beltway, just 4 miles from the Washington D.C line, McLean is an unincorporated community located in prestigious Fairfax County in Northern Virginia. The highly populated community is situated between the George Washington Parkway and the town of Vienna at Interstate 66, a major east-west connector in Northern Virginia. The community is recognized for its affluent residents and luxury homes. Due to its proximity to the CIA in Langley, many high-ranking government officials, diplomats, and members of Congress reside in McLean. The community also boasts superior access to several upscale shopping centers, including the nearby 5 million square feet of big-box and national retailers at Tysons Corner, including Tysons Corner Center and Tysons Galleria. In addition to its abundant retail amenities, McLean is home to several major corporate headquarters and Fortune 500 companies including Freddie Mac, Mars, Capital One, Gannett, NVR, Bearingpoint, USA Today, and Booz Allen Hamilton.
Demographic Summary Fairfax County has been one of the most rapidly growing jurisdictions in the United States over the past three decades – more than doubling the size of its population since 1970. Despite this growth downtown McLean has been successful in retaining its small-town charm. Its current population is 67,500 and is projected to grow 17% by 2025. Residents within a mile radius of The Palladium boast a median household income of $158,000, one of the highest in the country and nearly triple that of Virginia at $54,240. Income levels are likely to remain in the uppermost tier because of the area’s low unemployment rates (3.0%), high levels of educational attainment, and the diversity of public and private job sectors. Housing values in McLean also benefit from the region’s economic stability; the estimated home value is $865,000 which has grown 120% since 2000 when it stood at $388,000. The Shops at The Palladium November 2007 1445 LAUGHLIN AVENUE, MCLEAN, VA 1 Mile Radius 3 Mile Radius 5 Mile Radius POPULATION 2006 Estimated Population 10,162 77,209 263,319 2011 Projected Population 10,499 79,644 270,308 2000 Census Population 9,709 74,118 254,849 1990 Census Population 9,736 69,952 233,023 Historical Annual Growth 1990 to 2006 0.3% 0.6% 0.8% Projected Annual Growth 2006 to 2011 0.7% 0.6% 0.5% 2006 Median Age 46.0 41.8 40.6 HOUSEHOLDS 2006 Estimated Households 4,029 30,791 102,671 2011 Projected Households 4,158 31,654 104,924 2000 Census Households 3,877 29,705 99,570 1990 Census Households 3,741 27,206 89,766 Historical Annual Growth 1990 to 2006 0.5% 0.8% 0.9% Projected Annual Growth 2006 to 2011 0.6% 0.6% 0.4% POPULATION BY RACE 2006 Estimated White 78.6% 78.2% 76.8% 2006 Estimated Black or African American 2.1% 2.6% 3.9% 2006 Estimated Asian & Pacific Islander 16.4% 15.6% 14.3% 2006 Estimated American Indian & Native Alaskan 0.1% 0.1% 0.2% 2006 Estimated Hispanic 5.5% 7.9% 10.8% INCOME 2006 Estimated Average Household Income $ 158,572 $ 154,514 $ 150,072 2006 Estimated Median Household Income $ 126,733 $ 122,395 $ 119,197 2006 Estimated Per Capita Income $ 62,938 $ 61,863 $ 58,916 EDUCATION (AGE 25+) 2006 High School Graduate 8.4% 9.5% 10.0% 2006 Some College 9.2% 8.6% 9.2% 2006 Associates Degree Only 4.7% 4.6% 4.5% 2006 Bachelors Degree Only 28.9% 32.2% 31.2% 2006 Graduate Degree 47.0% 43.1% 41.3% BUSINESS Number of Businesses 1,390 4,836 14,166 Total Number of Employees 9,969 67,776 178,633 Employee Population per Business 7.2 14.0 12.6 Residential Population per Business 7.3 16.0 18.6 57 At left: Tysons Corner Center Above: New Housing along Chain Bridge Road ASSET INVESTMENT SALES GROUP
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and 4 Executive Summary • Offerin
Page 5 and 6: The Shops at The Palladium
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Page 10 and 11: 10 Driving Directions From Ronald R
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Page 18 and 19: 18 Retail Site Plan Hoang’s Stora
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Page 25 and 26: 25 Falls Church Overview Falls Chur
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Page 29 and 30: 29 4 THE READ BUILDING 5 NORTHGATE
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Page 37 and 38: Little River Tpke 37 Map of Retail
Page 39 and 40: 39 Tenant Profiles Hollywood Video
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Page 52 and 53: 52 Retail Site Plan StarNut Gourmet
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Page 64 and 65: 64 Market Overview The McLean Retai
Page 66 and 67: 66 McLean Retail Competitive Set Pr
Page 70 and 71: 70 Combined Tenant Expiration Sched
Page 74 and 75: 74 Rent Roll Tenant Name Type & Sui
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Exclusive Investment Offering: Condominium Interest - Transwestern

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