PISMO BEACH PREMIUM OUTLETS®

More than real estate, we are a company of experiences. For our guests, we provide distinctive shopping, dining and entertainment. For our retailers, we offer the unique opportunity to thrive in the best retail real estate in the best markets.

From new projects and redevelopments to acquisitions and mergers, we are continuously evaluating our portfolio to enhance the Simon experience - places where people choose to shop and retailers want to be.

We deliver:

SCALELargest global owner of retail real estate including Malls, Simon Premium Outlets® and The Mills®

QUALITY Iconic, irreplaceable properties in great locations

INVESTMENTActive portfolio management increases productivity and returns

GROWTH Core business and strategic acquisitions drive performance

EXPERIENCE Decades of expertise in development, ownership, and management

That’s the advantage of leasing with Simon.

THE SIMON EXPERIENCE — WHERE BRANDS & COMMUNITIES COME TOGETHER

More than real estate, we are a company of experiences. For our guests, we provide distinctive shopping, dining and entertainment. For our retailers, we offer the unique opportunity to thrive in the best retail real estate in the best markets.

From new projects and redevelopments to acquisitions and mergers, we are continuously evaluating our portfolio to enhance the Simon experience - places where people choose to shop and retailers want to be.

We deliver:

SCALELargest global owner of retail real estate including Malls, Simon Premium Outlets® and The Mills®

QUALITY Iconic, irreplaceable properties in great locations

INVESTMENTActive portfolio management increases productivity and returns

GROWTH Core business and strategic acquisitions drive performance

EXPERIENCE Decades of expertise in development, ownership, and management

That’s the advantage of leasing with Simon.

THE SIMON EXPERIENCE — WHERE BRANDS & COMMUNITIES COME TOGETHER

PROPERTY OVERVIEW

Information accurate as of 5/1/15. Sources: SPG Research; trade area demographic information per Pitney Bowes MapInfo (2014).

PISMO BEACH PREMIUM OUTLETS®

PISMO BEACH, CA

MAJOR METROPOLITAN AREAS

Santa Barbara: 69 miles

RETAIL

GLA (sq. ft.) 147,000; 40 stores

OPENING DATES

Opened November 1994

PARKING RATIO

5.4:1

RADIUS POPULATION

15 mile population: 159,101 30 mile population: 364,185 45 mile population: 490,600

AVERAGE HH INCOME

30 mile average: $75,387

SELECT TENANTS

Aéropostale, Calvin Klein Company Store, Carter’s Outlet, Coach, Dressbarn, G.H. Bass & Co., GUESS Factory Store, Gymboree Outlet, Jones New York, Levi’s Outlet Store, NikeFactoryStore, Nine West, Polo Ralph Lauren Factory Store, rue21, Tommy Hilfiger Company Store, Van Heusen

TOURISM / TRAFFIC

The center draws from the surrounding counties of Santa Barbara, King, Kern, San Luis Obispo and Fresno. Nearby San Luis Obispo is the home of Cal Poly University with a student population of over 20,186 (2014). The area is a well known Pacific Coast destination as well.

LOCATION / DIRECTIONS

The center is situated midway between Los Angeles and San Francisco on Hwy. 101 with easy on-off access.

— From Santa Maria: Hwy. 101N to Five Cities Drive Exit

— From Santa Barbara: Take Hwy. 101N, take 4th Street Exit toward Five Cities Drive

Solvang

Pacific Ocean

Guadalupe

GroverBeach

ArroyoGrande

Santa Maria

Morro Beach

San Luis Obispo

Lompoc

SantaBarbara

1

1

101

101

166

154246

55

33

Buellton

PISMO BEACH PREMIUM OUTLETSPISMO BEACH, CA

SANTA BARBARA HIGHWAY 101 SAN LUIS OBISPO

NORTH

FIVE CITIES DRIVE

SITE AND PLAN

SANTA BARBARA HIGHWAY 101 SAN LUIS OBISPO

FIVE CITIES DRIVE

Paso Robles

Casmalia

Cuyama

Santa Margarita

Creston

Fellows

New Cuyama

San Simeon

Blacklake

Garden Farms

Ballard

Edna

Mission Hills

Guadalupe

Garey

Whitley Gardens

Oceano

Mission Canyon

Buellton

Woodlands

San Miguel

Sisquoc

Los Olivos

Solvang

Los Berros

McKittrick

Los Ranchos

Shandon

Cayucos

Derby Acres

Los Alamos

Santa Ynez

Oak Shores

Vandenberg Village

Lost Hills

Arroyo Grande

Avilla Beach

Templeton

Goleta

Cambria

Montecito

Lake Nacimiento

Morro Bay

Orcutt

Lompoc

Los Osos

San Luis Obispo

Pismo Beach

Vandenberg AFB

Santa Maria

Atascadero

Callender

Grover Beach

Nipomo

22

115 MILES

30 MILES

45 MILES

SURROUNDING AREA CENTERS

1 Pismo Beach Premium Outlets®2 Santa Maria Town Center

Simon CentersCompetition

SURROUNDING AREA CENTERS

OTHER RETAIL

SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Santa Maria Town CenterSanta Maria, CA 608,000 sf Macy’s, Sears 17 miles / 23 minutes

La Cumbre Plaza Santa Barbara, CA 495,000 sf Macy’s, Sears 69 miles / 1 hour 20 minutes

Paseo NuevoSanta Barbara, CA 462,000 sf Macy’s, Nordstrom 72 miles / 1 hour 30 minutes

Valley Plaza MallBakersfield, CA 1,100,000 sf JCPenney, Macy’s, Sears 91 miles / 1 hour 40 minutes

OUTLET SHOPPING GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Camarillo Premium Outlets®Camarillo, CA 675,000 sf Neiman Marcus Last Call,

Saks Fifth Avenue OFF 5TH 124 miles / 2 hours 9 minutes

60 Columbia Road Building B 3rd Floor Morristown, NJ 07960 (973) 228-6111 premiumoutlets.com

Simon is a global leader in retail real estate ownership, management and development and an S&P 100 company (Simon Property Group, NYSE:SPG).