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TWIN LAKES, Roseville, Minnesota Market Assessment & Demand Analysis Retail-Restaurant Market Assessment TRADE AREA DEMOGRAPHICS The following are key points regarding the trade area demography. Data for 2000 is from the U.S. Census. Estimates (2004) and projections (2009) are from ESR� Business Information Solutions, a nationally recognized demographic and econometric data services fi�m. A table showing key demographic data for the 3-, 5- and 7-minute trade areas is provided on the following pages. � Within a 7-minute drive time surrounding the Twin Lakes site resides an estimated population base of 201,000 people and 87,000 households. This area extends into portions of northeast Minneapolis and northwestem St. Paul, and includes all or portions of the cities of Roseville, St. Anthony, Columbia Heights, Lauderdale, Falcon Heights, Little Canada, Arden Hills, New Brighton, Shoreview and Moundsview. . Households residing in the 7-minute trade area have a median income of $52,280. The immediate area (3-minutes) is more affluent, with a median income of $60,02b. . The median home value for the 7-minute trade area is estimated at $175,415, compared to $198,708 within 3 minutes. • In addition to persons residing in the trade area, persons working within this area are a major source of consumer spending activity. In 2004, there are an estimated 170,000 employees working within 7 minutes of the Twin Lakes site. . Annual per capita spending on retail goods and services is estimated at $11,624 for persons residing with a 7-minute drive from Twin Lakes. Annual spending at restaurants and drinking establishments is estimated at $1,994 per capita. GVA Marquette Advisors Page 37