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Location, Demographics, Target Market and Competition <br />The market for the Elk River Pizza Ranch covers the City of Elk River with a population of 23,783 and <br />the surrounding communities. The property we have identified is located at 19141 Freeport St NW in <br />Elk River, Minnesota. It sits on MN Highway 169 which has a daily traffic count of 39,500. Other <br />businesses within 3 blocks of the location are; Cub Foods, Office Max, USPS Office, Applebee's, Taco <br />Bell, Arby's, Wells Fargo Bank, TCF Bank, ls` National Bank of Elk River, Midas, Subway, Papa <br />Murphy's, Little Caesars, Hallmark, Famous Footwear, Maurice's. Christopher Banks, Radio Shack, <br />Sally's, Tobacco Shop, Chuck & Don's Pet Warehouse, Carpet One, Anytime Fitness, Clean-n-Press, <br />Thurber Jewelers, Computer store, Paper Warehouse, Leanne Chin's, Caribou Coffee, Salinas Spa, <br />JoAnne Fabrics and Ashley Furniture will be moving into the old Target Store. Within 1.5 miles there <br />are a Home Depot, Menard's, Marcus Movie Theater, Coborns Grocery, Aldi Grocery and a Wal-Mart. <br />Market Location <br />and Customers <br />This location sits in <br />the heart of Elk <br />River's retail district <br />Demographic Summary <br />• The three mile population of Elk River: 24,000 <br />• The ten mile population of Elk River: 135,000 <br />• The median age is 33 <br />• The average disposable income is $77,456 <br />• The Median Household Value in Elk River is $213,000 <br />• The estimate population growth through 2015 is 13.25%] <br />9 <br />