Market Profile. Route 59 & Theodore St, Joliet

Transkriptio

1 2016 Market Profile Route 59 & Theodore St, Joliet

2 Market Analysis 1

3 MARKET STUDY/RETAIL LEAKAGE FOR A DEVELOPMENT OPPORTUNITY AT ROUTE 59 AND THEODORE STREET, JOLIET, ILLINOIS Introduction JGSC Group was retained by the City of Joliet to conduct a market study/leakage study for the area around Route 59 and Theodore Street in Joliet, Illinois. JGSC compiled and analyzed data from a variety of sources including esri, U.S. Census Bureau, Bureau of Labor Statistics, Consumer Expenditure Survey, Dun & Bradstreet, GfK MRI, and Market Planning Solutions. Data was compiled for a 3-, 5-, and 10-mile radius around the intersection, as well as a 10-, 20-, and 30-minute drive time from the intersection of Route 59 and Theodore Street. Among other things, the analyses looked at consumer supply and retail supply, nearby retail locations, vehicle traffic counts, demographics, population density, age groups, income levels, business and employment, and retail spending patterns. The following sections highlight our findings. Site Details The study area is comprised of three parcels totaling ±103 acres along the north side of Theodore Street at Route 59. Of the three parcels, the first is located on the northwest corner of Route 59 and Theodore Street. The second parcel is located on the northeast corner and the third parcel is located to the immediate east of the second parcel, along Theodore Street and extends east to Bronck Road. The combined parcels have more than 2,300 feet of frontage along Route 59 with an additional 3,600 feet of frontage along Theodore Street. A portion of the first parcel has been developed and hosts a LA Fitness tenant. The remaining parcels are undeveloped land. Market overview Joliet is located about 33 miles southwest of Chicago, Illinois. By population, Joliet is the fourthlargest city in Illinois, behind Chicago. By land area, it is the state s second largest city. Within a 30- minute drive of the study site, an area covering 790 square miles, there is a population of over 818,000 people in 273,000 households. JGSC examined data around the site, including a 3-, 5-, and 10-mile radius, as well as 10- and 20- minute drive times around the site. The chart below highlights the findings of that analysis. Demographics 3-mile 5-miles 10-miles Region Population (2015)... 74, , , ,000 Pop. Growth ( ) % % % % Households (2015)... 24, , , ,800 Households Density Median Age (Total pop) yrs yrs yrs yrs Average household size

4 Market study/retail Leakage Route 59 & Theodore Street, Joliet, IL Page 2 of 4 Households with children... 47%... 43%... 46%... 45% Average household income... $94, $87, $87, $98,100 Median household income... $85, $76, $72, $79,800 From the analysis, we determined the area has a large consumer population. Moreover, the population density is significantly higher in the areas closest to the site. Average household income is well above the national average of $51,900 per household and median income is highest in the areas closest to the site. Vehicle counts The site sits at the intersection of Route 59 and Theodore Street. Interstate 55 is a major north-south corridor in the state and provides direct access to Chicago to the northeast. Interstate 80 is a major east-west corridor that extends well beyond the state s boundaries. Route 59 terminates when it intersects with I-55, about 3-miles directly south of the site. I-55 and I-80 intersect about 4.2 miles south of the site. We examined traffic data from the Illinois Department of Transportation and found there are an estimated 26,900 vehicle a day passing the site along Route 59. On Theodore Street, approximately 14,500 vehicles pass the site each day. Following are estimated average annual vehicles daily (AADT) for nearby locations. Vehicle counts (AADT) Count Route 59 just north of Theodore Street... 26,900 Route 59 just south of Theodore Street... 28,400 Route 59 at I-55 interchange... 27,000 Theodore Street just west of Route ,500 I-80 just west of I-55 interchange... 54,100 I-80 just east of I-55 interchange... 65,900 Retail information Within a 30-minute drive of the site, there are 31 shopping centers occupying more than 14 million square feet of retail space. However, more than half of the retail space, or 7.7 million square feet, is located more than 10 miles from the sites. Only 12% of the retail space, about 1.7 million square feet, is located within 3 miles of the sites. The vast majority of that space - all but 185,000 square feet - is located in and around the Louis Joliet Mall on Route 30. The mall is anchored by JC Penney, Macy s, Sears and Carsons. Other major retail anchors near the mall include Bed Bath & Beyond, Michaels, Planet Fitness, Target and Home Depot. To the south along Route 59, about two-dozen smaller retailers are scattered along the roadway, some in small retail developments. However there are also a few large-space users in the area including a Walmart Supercenter, Target, Kohl s, and Home Depot. Further south, plans have been recently announced for the construction of a 300-acre mixed-use development near the intersection of I-55 and I-80. This project could include as many as 600 new residential units, 2 hotels, 652,000 square feet of office use, and 855,000 square feet of retail and

5 Market study/retail Leakage Route 59 & Theodore Street, Joliet, IL Page 3 of 4 entertainment uses. The plan calls for a traditional open-air power center format with several big box stores and anchor retailers spread out across a sea of parking lots. Additional uses, such as offices and residential housing would be segregated from the retail and placed in the south and east sections of the project. Businesses and employees The region employs more than 333,000 workers at more than 27,000 businesses. The area immediately surrounding the sites is primarily. As a result, just 7% of all businesses and employees are located within a 3-mile radius of the site. Within a 5-mile radius, this increases to just 18% of all businesses and employees. We estimate that roughly 58% of all local employees could be classified as office workers. Based upon a study by the International Council of Shopping Centers (ICSC), we estimate that office workers within a 3-mile radius contribute an additional $77.6 million annually to local retail spending and that this amount is not reflected in the standard calculations for consumer spending and retail leakage reports. Within a 5-mile radius, we office worker spending is $200.6 million a year. Pets Pet ownership rates are above national averages. Six of every ten households in the region own a pet. Of that total over 44% own a dog and over 22% own a cat. Compared to the region, households in the 3- and 5-mile radii are twice as likely to own a cat or dog. Consumer demand and retail supply Consumer demand for retail goods and services exceeds $14.3 billion annually within the region. Closer to the study area, consumer demand is $1.2 billion within a 3-mile radius, $2.5 billion within a 5-mile radius, and $5.8 billion within a 10-mile radius. Within a 30-minute drive of the site, retail demand averages about $18 million per square mile. However, because of the heavy concentration of residential housing near the site, consumer demand is more than double the region at $42 million per square mile. Within a 3-mile radius, total consumer demand exceeds total retail supply creating retail leakage of $86 million annually. This diminishes to $7 million in the 5-mile radius, before increasing to retail leakage of $1.2 billion a year in the 10-mile radius. Looking at the 3- and 5-mile radii, we found retail leakage in 18 retail categories including automotive, electronics and appliances, grocery and specialty foods, clothing and shoes, and full- and limited-service dining. Categories targeted for recruitment At more than 100 acres, it may be difficult to attract sufficient retailers to fill the entire site, because many of the large-space users, such as Home Depot, Kohl s, Target and Walmart, are already present in the immediate area. Moreover, there is significant existing retail to the northeast in and around the Louis Joliet Mall. In addition, the recently proposed Cullinan Properties development may be more attractive to large retailers because of its proximity and access to I-55 and I-80. As an alternative, we suggest consideration of a mixed-use, walkable setting that borders both Route 59 and Theodore Street. This format could create retail and restaurant space along the frontage with residential or office uses above.

6 Market study/retail Leakage Route 59 & Theodore Street, Joliet, IL Page 4 of 4 Inside the site, a campus setting of office, education or healthcare could help attract visitors to the area. If space permits, higher-density residential townhouses and/or apartments constructed closer to Bronck Road, could provide new consumers to support the retail, restaurant and office uses while reducing the impact on nearby residential neighborhoods. The idea for a walkable town center is supported by the absence of a nearby urban downtown. Downtown Joliet is located about 6 miles southwest of the site, however, existing road patterns require an 8-mile drive. Beyond downtown Joliet, there does not appear to be any walkable downtown retail settings within the general vicinity of the site. The site is surrounded by residential housing for a distance of more than 2 miles in all directions. Assuming the city adopted this concept, a number of steps would need to be taken including gaining support and approval from the current property owners. This could also require recruiting developers with experience in creating walkable mixed-use developments and campus-like office settings. The city would also want to assist the developers in recruiting businesses within the following categories: Office space users, ideally one or two large corporate space users; Educational uses such as college campus; Healthcare uses, such as a medical center or doctor offices; Grocery and specialty food stores; Specialty (boutique) clothing and shoe stores; and, Full-service and limited-service restaurant uses.

7 Fact Sheet 2

8 ROUTE 59 & THEODORE J O L I E T, I L L I N O I S N Theodore Street Kohl s Aldi Route 59 ±35 acres ±32 acres Starbucks Walmart Supercenter Target LA Fitness $5.88 billion Consumer demand for retail goods and services in a 10-mile radius $94,800 Average household income within a 3-mile radius 384,000 Population within a 10-mile radius 41% Households in a 3-mile radius with income of $100,000 or more Unique mixed-use development opportunity at ± 67 acre site on high-traffic Route 59 Here s an unique development opportunity in the heart of an existing retail corridor and dense residential area. This ±67 acre site is located along busy Route 59 and offers easy access to I-55. The site offers expansive frontage on two roadways with traffic counts of more than 26,000 vehicles a day: 2,300 feet of frontage on Route 59 3,000 feet of frontage on Theodore St. Nearby retail neighbors include: Walmart Supercenter Target Home Depot Kohl s Staples LA Fitness Starbucks Ideal location for any or all of the following development opportunities: Additional retail uses Education or healthcare campus Walkable town center with residential If you re looking for a great place to do business, we invite you to look here. Contact us to explore the options and discuss your ideas. To learn more or to arrange a tour, call us today. City of Joliet 150 West Jefferson Joliet, Illinois Contact: Steve Jones sjones@jolietcity.org

9 ROUTE 59 & THEODORE J O L I E T, I L L I N O I S IN A 10 MILE RADIUS 384,000 population 125,100 households 11,700 businesses 142,100 employees $87,700 household income $5.8 billion retail spending FACTS & FIGURES 3-MI 5-MI 10-MI Population (2015) 74, , ,000 Households 24,000 53, ,100 Median age MI Total businesses 11,783 Total employees 142,179 Office workers 82,464 Workers retail spending $476,640,000 Households with children 47% 43% 46% Avg household income $94,500 $87,000 $87,700 HHs Income > $100k 41% 34% 33% VEHICLES/DAY Route 59 north of Theodore 26,900 Route 59 south of Theodore 28,400 (ANNUAL) 3-MI 5-MI 10-MI Consumer demand $1.213 B $2.502 B $5.888 B Retail supply $1.126 B $2.495 B $4.670 B Retail leakage $86 M $7 M $1.217 B Route 59 at I-55 interchange 27,000 Theodore west of Route 59 14,500 I-80 west of I-55 interchange 54,100 I-80 east of I-55 interchange 65,900 Spend on retail goods $1.091 B $2.251 B $5.295 B Spend at restaurants $67 M $138 M $327 M Spend on fast food $46 M $96 M $227 M Community Insights City of Joliet 150 West Jefferson Joliet, Illinois Contact: Steve Jones sjones@jolietcity.org

10 Market Data 3, 5, 10 mile radii 3

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150 Data Analysis 5

151 Retail Leakage Study Rt 59 at Theodore St., Joliet Rt 59 at Theodore Street, Joliet 3.0 mile radius 5.0 mile radius 10.0 mile radius 10-min Drive 20-min drive 30-min drive Population (2015) 74, , , , , ,037 Households (2015) 24,013 53, ,180 34, , ,805 Area (Sq Mi) Population / Sq Mi 2,633 1,976 1,223 2,254 1,347 1,035 Households / Sq Mi Pop. Growth ( ) 0.14% 0.34% 0.38% 0.31% 0.40% 0.39% Population by Race White 81% 77% 72% 82% 71% 73% Black 7% 10% 12% 7% 12% 10% American Indian 0% 0% 0% 0% 0% 0% Asian 3% 3% 4% 2% 5% 7% Pacific Islander 0% 0% 0% 0% 0% 0% Some other race 7% 7% 9% 6% 8% 7% Two or more races 3% 3% 3% 2% 3% 3% Total Hispanic Population 19% 20% 22% 17% 22% 19% Population by Sex Male 49% 49% 50% 49% 50% 50% Female 51% 51% 50% 51% 50% 50% Population by Age Ages % 7.3% 7.6% 7.2% 7.6% 7.2% Ages % 7.4% 8.0% 7.4% 8.0% 7.8% Ages % 7.9% 8.4% 8.3% 8.5% 8.3% Ages % 13.5% 13.6% 13.6% 13.7% 13.3% Ages % 12.9% 13.0% 12.3% 12.7% 12.8% Ages % 15.2% 15.5% 15.5% 15.6% 15.0% Ages % 13.7% 13.9% 14.7% 14.1% 14.5% Ages % 10.4% 9.7% 10.5% 9.6% 10.9% Ages % 6.9% 6.1% 6.5% 6.0% 6.4% Ages % 3.2% 2.9% 2.8% 2.8% 2.7% Ages % 1.5% 1.2% 1.2% 1.2% 1.1% Analysis as of April 2016 Page 1 of 16

152 Retail Leakage Study Rt 59 at Theodore St., Joliet Rt 59 at Theodore Street, Joliet 3.0 mile radius 5.0 mile radius 10.0 mile radius 10-min Drive 20-min drive 30-min drive Age 9 or under 14.7% 14.7% 15.6% 14.6% 15.6% 15.0% Ages 24 or younger 37.0% 36.1% 37.6% 36.5% 37.8% 36.6% Age 25 or older 63.0% 63.8% 62.3% 63.5% 62.0% 63.4% Age 55 or older 20.2% 22.0% 19.9% 21.0% 19.6% 21.1% Age 65 or older 9.8% 11.6% 10.2% 10.5% 10.0% 10.2% Median Age (Total population) Households by Type All HHs with children 47% 43% 46% 45% 46% 45% Multigenerational Households 6% 5% 6% 5% 5% 5% Average HH size Household Occupancy and Mortgage Status Owner occupied HHs 90.3% 83.8% 80.7% 88.2% 81.1% 80.7% Owned Free & Clear 13.0% 15.0% 14.4% 13.9% 14.0% 13.8% Renter occupied HHs 9.7% 16.2% 19.3% 11.8% 18.9% 19.3% Households by Income < $15, % 5.6% 6.9% 4.1% 6.5% 5.6% $15,000 - $24, % 5.8% 6.2% 4.7% 6.0% 5.5% $25,000 - $34, % 7.4% 8.2% 6.2% 7.9% 7.1% $35,000 - $49, % 12.3% 12.0% 11.2% 11.8% 11.1% $50,000 - $74, % 17.3% 17.9% 16.8% 17.4% 17.0% $75,000 - $99, % 16.9% 15.4% 17.8% 15.2% 15.0% $100,000 - $149, % 23.2% 20.6% 26.2% 21.0% 21.7% $150,000 - $$199, % 7.5% 7.9% 8.6% 8.6% 9.6% $200, % 3.9% 5.0% 4.5% 5.7% 7.3% Median HH Income $85,090 $76,567 $72,724 $83,012 $75,634 $79,825 Average HH Income $94,580 $87,047 $87,737 $93,550 $91,013 $98,125 Analysis as of April 2016 Page 2 of 16

153 Retail Leakage Study Rt 59 at Theodore St., Joliet Rt 59 at Theodore Street, Joliet 3.0 mile radius 5.0 mile radius 10.0 mile radius 10-min Drive 20-min drive 30-min drive Less than $25, % 11.4% 13.1% 8.8% 12.5% 11.1% Less than $50, % 31.1% 33.3% 26.2% 32.2% 29.3% More than $75, % 51.5% 48.9% 57.1% 50.5% 53.6% More than $100, % 34.6% 33.5% 39.3% 35.3% 38.6% Access to and internet use in past 30 days Any internet use 89.3% 87.0% 84.9% 88.8% 85.6% 86.8% Accessed from home 85.3% 82.3% 79.7% 84.4% 80.6% 82.2% Accessed from work 49.0% 46.1% 43.2% 48.4% 44.2% 45.6% Accessed from school/library 11.2% 11.3% 11.1% 11.3% 11.1% 11.0% Accessed from other 27.6% 26.6% 25.9% 27.5% 26.4% 26.8% Access internet via computer 85.9% 83.5% 80.8% 85.3% 81.7% 83.0% Access internet via cell phone 56.0% 53.4% 52.6% 55.2% 53.2% 54.4% Made personal purchase via internet 49.5% 46.7% 44.0% 48.7% 45.3% 46.7% Made business purchase via internet 13.7% 12.7% 12.2% 13.5% 12.4% 13.0% Online 10+ hours a day 3.2% 3.2% 3.0% 3.2% 3.1% 3.1% Online 5.0 to 9.9 hours a day 9.8% 9.5% 9.2% 9.7% 9.3% 9.5% Online 2.0 to 4.9 hours a day 22.7% 21.5% 20.6% 22.3% 20.9% 21.2% Online 1.0 to 1.9 hours a day 19.2% 18.9% 18.5% 19.1% 18.7% 19.1% Online 0.5 to 0.9 hours a day 13.9% 13.5% 13.2% 13.8% 13.3% 13.7% Online < 0.5 hours a day 12.1% 11.7% 11.5% 12.0% 11.5% 11.8% Pets and products Households owns any pet 59.9% 57.4% 56.5% 59.1% 56.5% 57.7% Households owns any cat 23.7% 23.1% 21.7% 23.6% 21.8% 22.3% Households owns any dog 46.8% 44.4% 44.1% 46.0% 44.0% 44.8% Cats per sq mi Dogs per sq mile Analysis as of April 2016 Page 3 of 16

154 Retail Leakage Study Rt 59 at Theodore St., Joliet Rt 59 at Theodore Street, Joliet 3.0 mile radius 5.0 mile radius 10.0 mile radius 10-min Drive 20-min drive 30-min drive Business & Employment Data Total businesses 2,211 5,165 11,783 3,073 10,263 27,682 Total employees 23,150 59, ,179 30, , ,177 Employees per Sq Mi Employee/Residential Population Ratio Retail Trade: Businesses 530 1,134 2, ,118 5,757 Businesses as a % of Total 24% 22% 20% 23% 21% 21% Businesses per Sq Mi Employees 8,385 16,900 32,288 10,727 29,242 90,108 Employees per Sq Mi Employees as a % of Total 36% 28% 23% 35% 24% 27% Finance, Ins., Real Estate Businesses , ,060 2,793 Businesses as a % of Total 12% 11% 10% 12% 10% 10% Employees 1,579 3,269 6,359 2,113 5,847 17,485 Employees as a % of Total 7% 5% 4% 7% 5% 5% Service Businesses 906 2,106 4,572 1,259 4,040 10,701 Businesses as a % of Total 41% 41% 39% 41% 39% 39% Employees 9,164 25,048 57,268 12,248 50, ,071 Employees as a % of Total 40% 42% 40% 40% 41% 37% Government: Businesses Businesses as a % of Total 1% 1% 2% 1% 2% 2% Employees 305 1,179 7, ,291 16,128 Employees as a % of Total 1% 2% 5% 1% 6% 5% Estimated "Office Workers" 13,427 34,708 82,464 17,734 71, ,243 Estimated Office Worker Spending $77,608,060 $200,614,321 $476,640,880 $102,502,982 $412,918,460 $1,116,942,575 Analysis as of April 2016 Page 4 of 16

155 Retail Leakage Study Rt 59 at Theodore St., Joliet Rt 59 at Theodore Street, Joliet 3.0 mile radius 5.0 mile radius 10.0 mile radius 10-min Drive 20-min drive 30-min drive Medical Expenditures Physician Services $8,254,517 $16,925,662 $39,679,058 $11,607,708 $35,916,457 $96,840,317 Dental services $11,768,388 $24,011,064 $56,161,735 $16,483,364 $50,934,084 $138,378,076 Eyecare services $1,638,102 $3,385,453 $7,946,436 $2,310,568 $7,187,631 $19,309,249 Physcian spending per Household $344 $316 $317 $340 $328 $354 Physcian spending per Sq Mile $291,943 $215,504 $126,302 $254,215 $143,534 $122,561 Dental spending per Houshold $490 $448 $449 $483 $466 $505 Dental spending per Sq Mile $416,221 $305,718 $178,768 $360,994 $203,549 $175,131 Eyecare spending per Household $68 $63 $63 $68 $66 $71 Eyecare spending per Sq Mile $57,936 $43,105 $25,294 $50,603 $28,724 $24,438 Supply & Demand Total Retail Trade & Food Total Retail Trade & Food Demand $1,213,512,088 $2,502,927,996 $5,888,052,198 $1,710,243,708 $5,327,124,802 $14,309,271,715 Total Retail Trade & Food Supply $1,126,577,408 $2,495,278,881 $4,670,895,767 $1,454,372,528 $4,125,417,224 $13,975,637,928 Total Retail Trade & Food Retail Leakage $86,934,680 $7,649,115 $1,217,156,431 $255,871,180 $1,201,707,578 $333,633,787 Total Retail Trade & Food Businesses 511 1,059 2, ,987 5,406 Consumer Demand per HH $50,536 $46,744 $47,037 $50,119 $48,693 $52,261 Retail Sales per HH $46,915 $46,602 $37,313 $42,620 $37,709 $51,042 Retail Leakage per HH $3,620 $143 $9,723 $7,498 $10,984 $1,219 HHs per Retail Business Retailers per Sq Mile Avg Sales per Retailer/Year $2,204,652 $2,356,260 $2,117,360 $2,164,245 $2,076,204 $2,585,209 Consumer Demand per Sq Mile $42,919,110 $31,868,194 $18,742,208 $37,455,240 $21,288,913 $18,109,793 Retail Sales per Sq Mile $39,844,432 $31,770,803 $14,867,888 $31,851,526 $16,486,501 $17,687,546 Retail Leakage per Sq Mile $3,074,678 $97,391 $3,874,320 $5,603,714 $4,802,412 $422,246 Analysis as of April 2016 Page 5 of 16

156 Retail Leakage Study Rt 59 at Theodore St., Joliet Rt 59 at Theodore Street, Joliet 3.0 mile radius 5.0 mile radius 10.0 mile radius 10-min Drive 20-min drive 30-min drive Supply & Demand - Retail Trade ONLY Total Retail Trade Demand $1,091,120,425 $2,251,527,761 $5,295,480,246 $1,538,055,405 $4,790,039,128 $12,862,590,522 Total Retail Trade Supply $998,138,321 $2,263,279,457 $4,251,541,009 $1,299,292,150 $3,734,094,100 $12,851,561,741 Total Retail Trade Retail Leakage $92,982,104 ($11,751,696) $1,043,939,237 $238,763,255 $1,055,945,028 $11,028,781 Total Retail Trade No of Businesses , ,334 3,764 Consumer Demand per HH $45,439 $42,049 $42,303 $45,073 $43,784 $46,977 Retail Sales per HH $41,567 $42,269 $33,963 $38,076 $34,132 $46,937 Retail Leakage per HH $3,872 ($219) $8,340 $6,997 $9,652 $40 HHs per Retail Business Business per Sq Mile Avg Sales per Retailer/Year $2,935,701 $3,091,912 $2,849,558 $2,830,702 $2,799,171 $3,414,336 Consumer Demand per Sq Mile $38,590,401 $28,667,275 $16,855,998 $33,684,225 $19,142,545 $16,278,875 Retail Sales per Sq Mile $35,301,839 $28,816,902 $13,533,044 $28,455,184 $14,922,648 $16,264,917 Retail Leakage per Sq Mile $3,288,562 ($149,627) $3,322,954 $5,229,041 $4,219,898 $13,958 Supply & Demand Food & Drink ONLY Total Food & Drink Demand $122,391,663 $251,400,235 $592,571,952 $172,188,303 $537,085,675 $1,446,681,193 Total Food & Drink Supply $128,439,088 $231,999,424 $419,354,757 $155,080,378 $391,323,124 $1,124,076,187 Total Food & Drink Retail Leakage ($6,047,425) $19,400,811 $173,217,195 $17,107,925 $145,762,551 $322,605,006 Total Food & Drink No of Businesses ,642 Consumer Demand per HH $5,097 $4,695 $4,734 $5,046 $4,909 $5,284 Retail Sales per HH $5,349 $4,333 $3,350 $4,545 $3,577 $4,105 Retail Leakage per HH ($252) $362 $1,384 $501 $1,332 $1,178 HHs per Retail Business Business per Sq Mile Avg Sales per Retailer/Year $751,106 $709,478 $587,332 $731,511 $599,270 $684,577 Consumer Demand per Sq Mile $4,328,709 $3,200,920 $1,886,211 $3,771,015 $2,146,368 $1,830,918 Retail Sales per Sq Mile $4,542,593 $2,953,902 $1,334,845 $3,396,342 $1,563,854 $1,422,629 Retail Leakage per Sq Mile ($213,883) $247,018 $551,366 $374,673 $582,514 $408,288 Analysis as of April 2016 Page 6 of 16

157 Retail Leakage Study Rt 59 at Theodore St., Joliet Rt 59 at Theodore Street, Joliet 3.0 mile radius 5.0 mile radius 10.0 mile radius 10-min Drive 20-min drive 30-min drive Supply & Demand by Retail Category Automobile Dealers - Consumer Demand $214,454,078 $442,410,735 $1,037,810,368 $302,471,201 $938,395,099 $2,511,231,525 Automobile Dealers - Retail Supply $194,615,250 $572,640,847 $720,527,989 $257,233,963 $666,556,486 $1,630,280,455 Automobile Dealers - Leakage / Surplus $19,838,828 ($130,230,112) $317,282,379 $45,237,238 $271,838,613 $880,951,070 Automobile Dealers - No of Businesses Retail Leakage per HH $826 ($2,432) $2,535 $1,326 $2,485 $3,217 Retail Leakage per Sq Mi $701,653 ($1,658,137) $1,009,939 $990,719 $1,086,355 $1,114,930 HHs per Retail Business 1,501 1,217 1,215 1,422 1,257 1,472 Retailers per Sq Mile Avg Sales per Retailer/Year $12,163,453 $13,014,565 $6,995,417 $10,718,082 $7,661,569 $8,764,949 Other MV Dealers - Consumer Demand $25,876,598 $52,650,699 $124,482,230 $36,274,304 $113,107,604 $305,236,861 Other MV Dealers - Retail Supply $9,029,536 $24,396,301 $56,948,989 $10,640,905 $49,923,438 $109,794,282 Other MV Dealers - Leakage / Surplus $16,847,062 $28,254,398 $67,533,241 $25,633,399 $63,184,166 $195,442,579 Other MV Dealers - No of Businesses Retail Leakage per HH $702 $528 $539 $751 $578 $714 Retail Leakage per Sq Mi $595,842 $359,745 $214,964 $561,385 $252,504 $247,352 HHs per Retail Business 8,004 10,709 5,690 11,375 5,758 5,166 Retailers per Sq Mile Avg Sales per Retailer/Year 3,009,845 $4,879,260 $2,588,590 $3,546,968 $2,627,549 $2,071,590 Auto Parts & Accessories - Consumer Dem $14,963,223 $30,738,319 $72,287,240 $21,046,503 $65,430,471 $176,336,966 Auto Parts & Accessories - Retail Supply $15,189,128 $36,404,067 $84,815,166 $19,359,820 $69,108,131 $182,454,373 Auto Parts & Accessories - Leakage / Surp ($225,905) ($5,665,748) ($12,527,926) $1,686,683 ($3,677,660) ($6,117,407) Auto Parts & Accessories - No of Business Retail Leakage per HH ($9) ($106) ($100) $49 ($34) ($22) Retail Leakage per Sq Mi ($7,990) ($72,138) ($39,878) $36,939 ($14,697) ($7,742) HHs per Retail Business 1,715 1,487 1,318 1,896 1,440 1,383 Retailers per Sq Mile Avg Sales per Retailer/Year $1,084,938 $1,011,224 $892,791 $1,075,546 $909,318 $921,487 Analysis as of April 2016 Page 7 of 16

158 Retail Leakage Study Rt 59 at Theodore St., Joliet Rt 59 at Theodore Street, Joliet 3.0 mile radius 5.0 mile radius 10.0 mile radius 10-min Drive 20-min drive 30-min drive Furniture Stores - Consumer Demand $21,074,949 $43,284,727 $102,342,510 $29,650,608 $92,828,281 $248,769,171 Furniture Stores - Retail Supply $26,430,634 $29,924,282 $90,906,169 $27,934,949 $85,075,368 $320,410,798 Furniture Stores - Leakage / Surplus ($5,355,685) $13,360,445 $11,436,341 $1,715,659 $7,752,913 ($71,641,627) Furniture Stores - No of Businesses Retail Leakage per HH ($223) $250 $91 $50 $71 ($262) Retail Leakage per Sq Mi ($189,418) $170,110 $36,403 $37,574 $30,983 ($90,670) HHs per Retail Business 1,501 2,328 3,682 1,706 3,419 2,445 Retailers per Sq Mile Avg Sales per Retailer/Year $1,651,915 $1,301,056 $2,673,711 $1,396,747 $2,658,605 $2,860,811 Home Furnishings - Consumer Demand $12,112,543 $24,857,627 $58,431,607 $17,040,458 $52,967,884 $142,666,692 Home Furnishings - Retail Supply $14,881,999 $36,013,584 $115,915,338 $16,597,179 $104,796,791 $193,410,259 Home Furnishings - Leakage / Surplus ($2,769,456) ($11,155,957) ($57,483,731) $443,279 ($51,828,907) ($50,743,567) Home Furnishings - No of Businesses Retail Leakage per HH ($115) ($208) ($459) $13 ($474) ($185) Retail Leakage per Sq Mi ($97,949) ($142,042) ($182,976) $9,708 ($207,125) ($64,221) HHs per Retail Business 2,668 2,434 2,555 2,625 2,486 2,106 Retailers per Sq Mile Avg Sales per Retailer/Year $1,653,555 $1,636,981 $2,365,619 $1,276,706 $2,381,745 $1,487,771 Electronic/Appliance - Consumer Demand $56,273,817 $115,429,442 $271,662,361 $79,119,151 $246,059,445 $661,804,027 Electronic/Appliance - Retail Supply $56,112,755 $75,840,357 $162,854,832 $60,111,730 $160,231,148 $815,126,224 Electronic/Appliance - Leakage / Surplus $161,062 $39,589,085 $108,807,529 $19,007,421 $85,828,297 ($153,322,197) Electronic/Appliance - No of Businesses Retail Leakage per HH $7 $739 $869 $557 $785 ($560) Retail Leakage per Sq Mi $5,696 $504,063 $346,344 $416,273 $342,998 ($194,044) HHs per Retail Business 1,001 1,071 1,159 1,137 1, Retailers per Sq Mile Avg Sales per Retailer/Year $2,338,031 $1,516,807 $1,507,915 $2,003,724 $1,540,684 $2,571,376 Analysis as of April 2016 Page 8 of 16

159 Retail Leakage Study Rt 59 at Theodore St., Joliet Rt 59 at Theodore Street, Joliet 3.0 mile radius 5.0 mile radius 10.0 mile radius 10-min Drive 20-min drive 30-min drive Bldg Materials - Consumer Demand $47,336,591 $96,305,815 $227,975,671 $66,370,055 $206,995,084 $561,270,872 Bldg Materials - Retail Supply $36,839,248 $106,881,215 $241,455,976 $68,092,007 $216,621,865 $574,008,721 Bldg Materials - Leakage / Surplus $10,497,343 ($10,575,400) ($13,480,305) ($1,721,952) ($9,626,781) ($12,737,849) Bldg Materials - No of Businesses Retail Leakage per HH $437 ($198) ($108) ($50) ($88) ($47) Retail Leakage per Sq Mi $371,267 ($134,650) ($42,909) ($37,712) ($38,472) ($16,121) HHs per Retail Business 1,264 1,116 1,026 1,177 1,022 1,007 Retailers per Sq Mile Avg Sales per Retailer/Year $1,938,908 $2,226,692 $1,979,147 $2,348,000 $2,024,503 $2,110,326 Lawn & Garden - Consumer Demand $7,256,558 $15,010,551 $34,943,078 $10,233,236 $31,586,133 $85,926,041 Lawn & Garden - Retail Supply $1,696,952 $6,706,327 $25,690,526 $4,040,860 $21,409,262 $76,510,232 Lawn & Garden - Leakage / Surplus $5,559,606 $8,304,224 $9,252,552 $6,192,376 $10,176,871 $9,415,809 Lawn & Garden - No of Businesses Retail Leakage per HH $232 $155 $74 $181 $93 $34 Retail Leakage per Sq Mi $196,630 $105,732 $29,452 $135,616 $40,670 $11,917 HHs per Retail Business Retailers per Sq Mile Avg Sales per Retailer/Year $282,825 $479,023 $658,731 $404,086 $713,642 $956,378 Grocery Store - Consumer Demand $178,576,039 $370,556,736 $871,004,190 $252,171,558 $786,584,871 $2,110,719,257 Grocery Store - Retail Supply $120,789,108 $328,899,096 $741,576,685 $182,358,640 $686,161,862 $2,017,008,882 Grocery Store - Leakage / Surplus $57,786,931 $41,657,640 $129,427,505 $69,812,918 $100,423,009 $93,710,375 Grocery Store - No of Businesses Retail Leakage per HH $2,406 $778 $1,034 $2,046 $918 $342 Retail Leakage per Sq Mi $2,043,790 $530,400 $411,980 $1,528,940 $401,323 $118,600 HHs per Retail Business 1,201 1,373 1,170 1,312 1,216 1,091 Retailers per Sq Mile Avg Sales per Retailer/Year $6,039,455 $8,433,310 $6,930,623 $7,013,794 $7,624,021 $8,035,892 Analysis as of April 2016 Page 9 of 16

160 Retail Leakage Study Rt 59 at Theodore St., Joliet Rt 59 at Theodore Street, Joliet 3.0 mile radius 5.0 mile radius 10.0 mile radius 10-min Drive 20-min drive 30-min drive Specialty Food - Consumer Demand $10,853,450 $22,519,210 $52,938,486 $15,324,164 $47,809,419 $128,304,922 Specialty Food - Retail Supply $2,729,499 $8,658,355 $25,681,467 $6,292,364 $19,962,547 $79,298,006 Specialty Food - Leakage / Surplus $8,123,951 $13,860,855 $27,257,019 $9,031,800 $27,846,872 $49,006,916 Specialty Food - No of Businesses Retail Leakage per HH $338 $259 $218 $265 $255 $179 Retail Leakage per Sq Mi $287,325 $176,481 $86,762 $197,801 $111,285 $62,023 HHs per Retail Business 8,004 5,355 3,912 5,687 3,772 2,944 Retailers per Sq Mile Avg Sales per Retailer/Year $909,833 $865,836 $802,546 $1,048,727 $688,364 $852,667 Liquor Stores - Consumer Demand $12,460,675 $25,602,524 $60,152,166 $17,537,651 $54,488,429 $147,250,987 Liquor Stores - Retail Supply $10,192,550 $25,226,333 $55,939,770 $12,466,174 $49,619,023 $92,488,708 Liquor Stores - Leakage / Surplus $2,268,125 $376,191 $4,212,396 $5,071,477 $4,869,406 $54,762,279 Liquor Stores - No of Businesses Retail Leakage per HH $94 $7 $34 $149 $45 $200 Retail Leakage per Sq Mi $80,218 $4,790 $13,408 $111,068 $19,460 $69,307 HHs per Retail Business 2,001 2,142 2,235 2,275 2,233 2,794 Retailers per Sq Mile Avg Sales per Retailer/Year $849,379 $1,009,053 $998,924 $831,078 $1,012,633 $943,762 Health & Personal Care - Consumer Dema $52,992,315 $109,886,396 $257,833,616 $74,834,410 $232,934,720 $626,256,311 Health & Personal Care - Retail Supply $64,021,075 $132,476,550 $222,752,428 $75,272,553 $212,642,003 $1,301,475,424 Health & Personal Care - Leakage / Surplu ($11,028,760) ($22,590,154) $35,081,188 ($438,143) $20,292,717 ($675,219,113) Health & Personal Care - No of Businesses Retail Leakage per HH ($459) ($422) $280 ($13) $185 ($2,466) Retail Leakage per Sq Mi ($390,062) ($287,626) $111,667 ($9,596) $81,096 ($854,556) HHs per Retail Business ,215 1,066 1, Retailers per Sq Mile Avg Sales per Retailer/Year $2,286,467 $2,365,653 $2,162,645 $2,352,267 $2,192,186 $4,295,298 Analysis as of April 2016 Page 10 of 16

161 Retail Leakage Study Rt 59 at Theodore St., Joliet Rt 59 at Theodore Street, Joliet 3.0 mile radius 5.0 mile radius 10.0 mile radius 10-min Drive 20-min drive 30-min drive Gasoline Stations - Consumer Demand $73,973,647 $153,781,247 $360,572,434 $104,622,456 $325,059,224 $868,783,943 Gasoline Stations - Retail Supply $25,611,438 $71,892,813 $358,683,148 $34,776,346 $175,098,726 $944,324,513 Gasoline Stations - Leakage / Surplus $48,362,209 $81,888,434 $1,889,286 $69,846,110 $149,960,498 ($75,540,570) Gasoline Stations - No of Businesses Retail Leakage per HH $2,014 $1,529 $15 $2,047 $1,371 ($276) Retail Leakage per Sq Mi $1,710,459 $1,042,633 $6,014 $1,529,667 $599,291 ($95,604) HHs per Retail Business 2,401 1,912 1,763 2,437 1,989 1,649 Retailers per Sq Mile Avg Sales per Retailer/Year $2,561,144 $2,567,600 $5,051,875 $2,484,025 $3,183,613 $5,688,702 Clothing Stores - Consumer Demand $41,219,182 $84,931,350 $200,452,750 $58,056,368 $181,541,122 $488,397,162 Clothing Stores - Retail Supply $46,885,172 $59,656,089 $76,122,263 $51,675,624 $72,153,239 $351,170,691 Clothing Stores - Leakage / Surplus ($5,665,990) $25,275,261 $124,330,487 $6,380,744 $109,387,883 $137,226,471 Clothing Stores - No of Businesses Retail Leakage per HH ($236) $472 $993 $187 $1,000 $501 Retail Leakage per Sq Mi ($200,393) $321,814 $395,755 $139,742 $437,149 $173,674 HHs per Retail Business , , Retailers per Sq Mile Avg Sales per Retailer/Year $1,267,167 $917,786 $776,758 $1,148,347 $767,588 $1,170,569 Shoe Stores - Consumer Demand $7,678,665 $15,895,556 $37,592,919 $10,832,074 $33,978,524 $90,983,306 Shoe Stores - Retail Supply $10,455,811 $13,218,341 $14,475,249 $11,210,347 $14,892,739 $48,797,070 Shoe Stores - Leakage / Surplus ($2,777,146) $2,677,215 $23,117,670 ($378,273) $19,085,785 $42,186,236 Shoe Stores - No of Businesses Retail Leakage per HH ($116) $50 $185 ($11) $174 $154 Retail Leakage per Sq Mi ($98,221) $34,087 $73,586 ($8,284) $76,273 $53,391 HHs per Retail Business 2,668 3,825 7,824 3,412 6,838 5,166 Retailers per Sq Mile Avg Sales per Retailer/Year $1,161,757 $944,167 $904,703 $1,121,035 $930,796 $920,699 Analysis as of April 2016 Page 11 of 16

162 Retail Leakage Study Rt 59 at Theodore St., Joliet Rt 59 at Theodore Street, Joliet 3.0 mile radius 5.0 mile radius 10.0 mile radius 10-min Drive 20-min drive 30-min drive Jewelry & Leather - Consumer Demand $10,609,825 $21,579,256 $51,061,901 $14,867,597 $46,447,368 $125,146,218 Jewelry & Leather - Retail Supply $15,642,738 $22,405,899 $32,479,308 $19,205,649 $31,906,089 $74,221,813 Jewelry & Leather - Leakage / Surplus ($5,032,913) ($826,643) $18,582,593 ($4,338,052) $14,541,279 $50,924,405 Jewelry & Leather - No of Businesses Retail Leakage per HH ($210) ($15) $148 ($127) $133 $186 Retail Leakage per Sq Mi ($178,002) ($10,525) $59,150 ($95,006) $58,112 $64,450 HHs per Retail Business 1,413 2,059 3,210 1,625 2,957 3,009 Retailers per Sq Mile Avg Sales per Retailer/Year $920,161 $861,765 $832,803 $914,555 $862,327 $815,624 Sport Gds & Hobby - Consumer Demand $27,731,766 $56,712,457 $134,033,754 $38,962,818 $121,609,021 $325,674,764 Sport Gds & Hobby - Retail Supply $31,899,560 $57,596,811 $77,900,498 $42,265,700 $78,310,799 $244,612,747 Sport Gds & Hobby - Leakage / Surplus ($4,167,794) ($884,354) $56,133,256 ($3,302,882) $43,298,222 $81,062,017 Sport Gds & Hobby - No of Businesses Retail Leakage per HH ($174) ($17) $448 ($97) $396 $296 Retail Leakage per Sq Mi ($147,405) ($11,260) $178,677 ($72,335) $173,034 $102,592 HHs per Retail Business 1,044 1,030 1, ,499 1,298 Retailers per Sq Mile Avg Sales per Retailer/Year $1,386,937 $1,107,631 $1,038,673 $1,174,047 $1,072,751 $1,159,302 Books & Music - Consumer Demand $5,746,195 $11,834,658 $27,946,728 $8,093,855 $25,335,292 $68,045,854 Books & Music - Retail Supply $4,863,276 $9,598,701 $12,261,588 $7,377,314 $13,389,231 $31,392,840 Books & Music - Leakage / Surplus $882,919 $2,235,957 $15,685,140 $716,541 $11,946,061 $36,653,014 Books & Music - No of Businesses Retail Leakage per HH $37 $42 $125 $21 $109 $134 Retail Leakage per Sq Mi $31,227 $28,469 $49,927 $15,693 $47,740 $46,388 HHs per Retail Business 3,002 4,119 5,961 3,412 5,210 6,223 Retailers per Sq Mile Avg Sales per Retailer/Year $607,910 $738,362 $583,885 $737,731 $637,582 $713,474 Analysis as of April 2016 Page 12 of 16

163 Retail Leakage Study Rt 59 at Theodore St., Joliet Rt 59 at Theodore Street, Joliet 3.0 mile radius 5.0 mile radius 10.0 mile radius 10-min Drive 20-min drive 30-min drive Department Stores - Consumer Demand $152,682,799 $314,752,145 $742,064,011 $215,099,768 $671,746,345 $1,802,929,876 Department Stores - Retail Supply $274,276,275 $459,263,640 $795,518,258 $330,399,713 $699,818,740 $2,167,686,336 Department Stores - Leakage / Surplus ($121,593,476) ($144,511,495) ($53,454,247) ($115,299,945) ($28,072,395) ($364,756,460) Department Stores - No of Businesses Retail Leakage per HH ($5,064) ($2,699) ($427) ($3,379) ($257) ($1,332) Retail Leakage per Sq Mi ($4,300,479) ($1,839,973) ($170,150) ($2,525,130) ($112,186) ($461,635) HHs per Retail Business 2,001 2,818 4,173 2,437 3,772 3,380 Retailers per Sq Mile Avg Sales per Retailer/Year $22,856,356 $24,171,771 $26,517,275 $23,599,980 $24,131,681 $26,761,560 General Merchandise - Consumer Demand $45,997,360 $95,398,283 $224,121,074 $64,949,236 $202,414,747 $543,134,726 General Merchandise - Retail Supply $2,251,815 $93,878,836 $194,147,296 $3,816,815 $172,566,761 $915,000,251 General Merchandise - Leakage / Surplus $43,745,545 $1,519,447 $29,973,778 $61,132,421 $29,847,986 ($371,865,525) General Merchandise - No of Businesses Retail Leakage per HH $1,822 $28 $239 $1,791 $273 ($1,358) Retail Leakage per Sq Mi $1,547,179 $19,346 $95,409 $1,338,832 $119,282 ($470,632) HHs per Retail Business 8,004 4,119 3,383 6,825 3,647 2,823 Retailers per Sq Mile Avg Sales per Retailer/Year $750,605 $7,221,449 $5,247,224 $763,363 $5,752,225 $9,432,992 Florists - Consumer Demand $1,964,781 $4,023,136 $9,396,276 $2,762,886 $8,520,914 $23,271,764 Florists - Retail Supply $486,653 $1,943,789 $3,256,837 $748,187 $3,070,189 $11,461,274 Florists - Leakage / Surplus $1,478,128 $2,079,347 $6,139,439 $2,014,699 $5,450,725 $11,810,490 Florists - No of Businesses Retail Leakage per HH $62 $39 $49 $59 $50 $43 Retail Leakage per Sq Mi $52,278 $26,475 $19,542 $44,123 $21,783 $14,947 HHs per Retail Business 6,003 5,355 6,588 5,687 6,435 4,641 Retailers per Sq Mile Avg Sales per Retailer/Year $121,663 $194,379 $171,412 $124,698 $180,599 $194,259 Analysis as of April 2016 Page 13 of 16

164 Retail Leakage Study Rt 59 at Theodore St., Joliet Rt 59 at Theodore Street, Joliet 3.0 mile radius 5.0 mile radius 10.0 mile radius 10-min Drive 20-min drive 30-min drive Office Supply & Gifts - Consumer Demand $3,513,274 $7,230,780 $17,049,090 $4,945,703 $15,446,278 $41,585,474 Office Supply & Gifts - Retail Supply $9,409,032 $19,228,102 $27,626,575 $12,728,770 $26,552,954 $186,215,064 Office Supply & Gifts - Leakage / Surplus ($5,895,758) ($11,997,322) ($10,577,485) ($7,783,067) ($11,106,676) ($144,629,590) Office Supply & Gifts - No of Businesses Retail Leakage per HH ($246) ($224) ($84) ($228) ($102) ($528) Retail Leakage per Sq Mi ($208,519) ($152,754) ($33,669) ($170,453) ($44,386) ($183,043) HHs per Retail Business 1,501 1,623 2,362 1,484 2,233 1,942 Retailers per Sq Mile Avg Sales per Retailer/Year $588,065 $582,670 $521,256 $553,425 $541,897 $1,320,674 Used Merchandise - Consumer Demand $3,012,915 $6,197,434 $14,613,758 $4,240,784 $13,242,531 $35,606,805 Used Merchandise - Retail Supply $1,193,574 $7,972,477 $11,789,388 $3,773,556 $10,985,078 $38,213,462 Used Merchandise - Leakage / Surplus $1,819,341 ($1,775,043) $2,824,370 $467,228 $2,257,453 ($2,606,657) Used Merchandise - No of Businesses Retail Leakage per HH $76 ($33) $23 $14 $21 ($10) Retail Leakage per Sq Mi $64,346 ($22,600) $8,990 $10,233 $9,022 ($3,299) HHs per Retail Business 24,013 2,818 3,130 3,792 3,126 2,633 Retailers per Sq Mile Avg Sales per Retailer/Year $1,193,574 $419,604 $294,735 $419,284 $313,859 $367,437 Misc. Retailers - Consumer Demand $27,739,870 $57,719,381 $135,393,497 $39,244,399 $122,231,347 $328,472,133 Misc. Retailers - Retail Supply $21,024,876 $42,822,462 $69,308,182 $27,130,066 $62,144,180 $204,542,405 Misc. Retailers - Leakage / Surplus $6,714,994 $14,896,919 $66,085,315 $12,114,333 $60,087,167 $123,929,728 Misc. Retailers - No of Businesses Retail Leakage per HH $280 $278 $528 $355 $549 $453 Retail Leakage per Sq Mi $237,494 $189,673 $210,356 $265,310 $240,128 $156,845 HHs per Retail Business , ,302 1,150 Retailers per Sq Mile Avg Sales per Retailer/Year $808,649 $751,271 $761,628 $775,145 $739,812 $859,422 Analysis as of April 2016 Page 14 of 16

165 Retail Leakage Study Rt 59 at Theodore St., Joliet Rt 59 at Theodore Street, Joliet 3.0 mile radius 5.0 mile radius 10.0 mile radius 10-min Drive 20-min drive 30-min drive Full-Service Dining - Consumer Demand $67,618,539 $138,848,928 $327,303,081 $95,116,395 $296,704,482 $799,439,842 Full-Service Dining - Retail Supply $70,435,277 $116,610,623 $201,076,468 $85,397,841 $187,671,927 $561,725,857 Full-Service Dining - Leakage / Surplus ($2,816,738) $22,238,305 $126,226,613 $9,718,554 $109,032,555 $237,713,985 Full-Service Dining - No of Businesses Retail Leakage per HH ($117) $415 $1,008 $285 $997 $868 Retail Leakage per Sq Mi ($99,621) $283,146 $401,791 $212,841 $435,729 $300,850 HHs per Retail Business Retailers per Sq Mile Avg Sales per Retailer/Year $774,014 $640,718 $515,581 $711,649 $534,678 $618,641 Limited-Serve Dining - Consumer Demand $46,963,938 $96,609,247 $227,650,037 $66,118,069 $206,171,431 $554,495,635 Limited-Serve Dining - Retail Supply $54,817,440 $108,558,429 $201,414,300 $65,833,549 $187,533,186 $520,706,551 Limited-Serve Dining - Leakage / Surplus ($7,853,502) ($11,949,182) $26,235,737 $284,520 $18,638,245 $33,789,084 Limited-Serve Dining - No of Businesses Retail Leakage per HH ($327) $200,100 $210 $8 $170 $123 Retail Leakage per Sq Mi ($277,760) ($152,141) $83,511 $6,231 $74,484 $42,763 HHs per Retail Business Retailers per Sq Mile Avg Sales per Retailer/Year $830,567 $935,849 $849,849 $866,231 $848,566 $891,621 Special Food Services - Consumer Deman $2,745,774 $5,590,746 $13,234,118 $3,846,602 $12,044,574 $32,663,685 Special Food Services - Retail Supply $1,197,514 $2,052,384 $5,601,843 $1,197,514 $5,537,485 $12,884,782 Special Food Services - Leakage / Surplus $1,548,260 $3,538,362 $7,632,275 $2,649,088 $6,507,089 $19,778,903 Special Food Services - No of Businesses Retail Leakage per HH $64 $66 $61 $78 $59 $72 Retail Leakage per Sq Mi $54,758 $45,052 $24,294 $58,016 $26,004 $25,032 HHs per Retail Business 4,803 5,949 4,815 6,825 4,208 6,223 Retailers per Sq Mile Avg Sales per Retailer/Year $239,503 $228,043 $215,456 $239,503 $212,980 $292,836 Analysis as of April 2016 Page 15 of 16

166 Retail Leakage Study Rt 59 at Theodore St., Joliet Rt 59 at Theodore Street, Joliet 3.0 mile radius 5.0 mile radius 10.0 mile radius 10-min Drive 20-min drive 30-min drive Drinking Places - Consumer Demand $5,063,411 $10,351,315 $24,384,716 $7,107,238 $22,165,188 $60,082,031 Drinking Places - Retail Supply $1,988,857 $4,777,988 $11,262,147 $2,651,473 $10,580,527 $28,758,997 Drinking Places - Leakage / Surplus $3,074,554 $5,573,327 $13,122,569 $4,455,765 $11,584,661 $31,323,034 Drinking Places - No of Businesses Retail Leakage per HH $128 $104 $105 $131 $106 $114 Retail Leakage per Sq Mi $108,740 $70,962 $41,770 $97,584 $46,296 $39,642 HHs per Retail Business 2,668 2,677 2,052 3,102 1,954 2,559 Retailers per Sq Mile Avg Sales per Retailer/Year $220,984 $238,899 $184,625 $241,043 $188,938 $268,776 E N D O F A N A L Y S I S Analysis as of April 2016 Page 16 of 16

167 !!!!!!!!!!!!!!!!!!!!!! 16 North Centre Street Merchantville, NJ JGSCgroup.com