Kimco Exchange Place is a subsidiary of Kimco Realty Corporation.

For more information, contact: Robert James, Managing Director 280 Park Avenue, 11th Floor, New York, NY 10017 [email protected] Phone 212-972-7457 Fax 212-972-7496 www.kimcoexchangeplace.com

Investment Opportunity New 20 Year Taco Bell Ground Lease 10% Escalation Every 5 years Corporate Yum Brands Credit At Auburndale Shopping Center Anchored by Lowes Auburndale Highway & Neptune Rd., Auburndale, FL Property Property Summary: Summary: This This ground ground leased leased fee fee interest interest consists consists of of .75 .75 acres acres on on which which the the tenant tenant constructed constructed aa 2,855 2,855 sf sf building. building. This This property property isis aa pad pad site site to to aa newly newly developed developed aa Lowes. Lowes. Located Located across across the the street street isis aa Wal Wal Mart Mart Supercenter. Supercenter. Other Other tenants tenants in in the the area area include include Publix, Publix, Winn Winn Dixie Dixie and and Bealls Bealls among among others. others. The The property property isis located on US Hwy 92 / Auburndale HWY with traffic counts of approximately 34,500 vpd. Auburndale located on US Hwy 92 / Auburndale HWY with traffic counts of approximately 34,500 vpd. Auburndale isis located located approximately approximately 40 40 miles miles east east of of Tampa Tampa and and 43 43 miles miles south south west west of of Orlando. Orlando. Price We offer offer this this property property at at $1,068,927 $1,068,927 which which isis aa 6.15% 6.15% cap cap rate rate on on NOI NOI of of $65,739. $65,739. NOI NOI isis Price and and Cap: Cap: We comprised comprised of of base base rent rent of of $62,496 $62,496 plus plus $3,243 $3,243 (detailed (detailed below). below). In In addition addition to to Taco Taco Bell; Bell; the the Chili’s Chili’s ground ground lease lease isis for sale at this center. Individual marketing packages can be found at www.kimco1031.com for sale at this center. Individual marketing packages can be found at www.kimco1031.com Tenant: Tenant: Yum Yum Brands, Brands, Inc. Inc. (NYSE: (NYSE: YUM YUM // S&P: S&P: BBB-) BBB-) YUM! Brands, Inc. operates as a quick service restaurant YUM! Brands, Inc. operates as a quick service restaurant company. company. ItIt develops, develops, operates, operates, franchises, franchises, and and licenses licenses aa system of restaurants, which prepare, package, and sell various priced food items. The company operates system of restaurants, which prepare, package, and sell various priced food items. The company operates KFC, KFC, Pizza Pizza Hut, Hut, Taco Taco Bell, Bell, Long Long John John Silver's, Silver's, and and A&W A&W All-American All-American Food Food Restaurants. Restaurants. Its Its restaurants restaurants specialize specialize in in chicken, pizza, Mexican-style food, and quick-service seafood categories. As of December 31, 2006, it operated chicken, pizza, Mexican-style food, and quick-service seafood categories. As of December 31, 2006, it operated approximately approximately 34,000 34,000 restaurants restaurants in in 100 100 countries countries and and territories. territories. The The company company was was founded founded in in 1997. 1997. ItIt was was formerly formerly known known as as TRICON TRICON Global Global Restaurants, Restaurants, Inc. Inc. and and changed changed its its name name to to YUM! YUM! Brands, Brands, Inc. Inc. in in 2002. 2002. YUM! Brands, Inc. is headquartered in Louisville, Kentucky. In 2006, sales were $9.56 billion with net YUM! Brands, Inc. is headquartered in Louisville, Kentucky. In 2006, sales were $9.56 billion with net income income of of $824 $824 million. million. Lease Lease Summary: Summary: Term: Term: Rent: Rent: Excess Excess CAM CAM Income: Income: Escalations: Escalations: Rent Rent Commencement: Commencement: Expiration Expiration Date: Date: Options: Options:

20 20 years years $62,496 $62,496 ($21.89 ($21.89 psf) psf) $3,243 $3,243 10% 10% every every 55 years years 1/9/2008 1/9/2008 1/31/2028 1/31/2028 44 (5) (5) year year with with 10% 10% escalations escalations every every 55 years years

Lease This isis an an absolute absolute triple triple net net ground ground lease. lease. The The tenant tenant constructed constructed and and paid paid for for the the building. building. Upon Upon Lease Type: Type: This lease lease expiration, expiration, ownership ownership of of the the building building reverts reverts to to the the owner owner of of the the land. land. Landlord Landlord has has absolutely absolutely no no maintenance, repair or replacement responsibility for the building or land, such responsibility being solely maintenance, repair or replacement responsibility for the building or land, such responsibility being solely that that of of the the tenant. tenant. Tenant Tenant pays pays aa monthly monthly charge charge of of $300 $300 directly directly to to the the Landlord Landlord for for common common element element maintenance maintenance (roadways) (roadways) of of which which $30 $30 isis paid paid to to the the owner owner of of the the shopping shopping center center by by landlord. landlord. This This leaves leaves the the Landlord Landlord with with $3,243 of additional yearly income. Both charges shall increase by 10% every 5 years. $3,243 of additional yearly income. Both charges shall increase by 10% every 5 years. This information has been obtained from sources deemed reliable, however Kimco does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

Kimco Exchange Place is a subsidiary of Kimco Realty Corporation.

For more information, contact: Robert James, Managing Director 280 Park Avenue, 11th Floor, New York, NY 10017 [email protected] Phone 212-972-7457 Fax 212-972-7496 www.kimcoexchangeplace.com

Investment Opportunity

G Scheduled to open June 2007

VAN

Out Parcel 2 ±0.75 Acres

Out Parcel 3 ±0.71 Acres

N

2223sf

5

VAN

V AN

Out Parcel 1 ±1.50 Acres

VAN

Dr.

Neptune R d.

Hillcrest

33 Spaces

38 Spaces

(

Available Out Parcel 4 ±1.24 Acres

U.S. Hwy. 92 / Auburndale Hwy. (S. R. No. 600)

This information has been obtained from sources deemed reliable, however Kimco does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

4

Kimco Exchange Place is a subsidiary of Kimco Realty Corporation.

For more information, contact: Robert James, Managing Director 280 Park Avenue, 11th Floor, New York, NY 10017 [email protected] Phone 212-972-7457 Fax 212-972-7496 www.kimcoexchangeplace.com

Investment Opportunity

Flea Market

Self Storage

This information has been obtained from sources deemed reliable, however Kimco does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

Kimco Exchange Place is a subsidiary of Kimco Realty Corporation.

For more information, contact: Robert James, Managing Director 280 Park Avenue, 11th Floor, New York, NY 10017 [email protected] Phone 212-972-7457 Fax 212-972-7496 www.kimcoexchangeplace.com

Investment Opportunity

Circle K

Advance Auto

This information has been obtained from sources deemed reliable, however Kimco does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

Kimco Exchange Place is a subsidiary of Kimco Realty Corporation.

For more information, contact: Robert James, Managing Director 280 Park Avenue, 11th Floor, New York, NY 10017 [email protected] Phone 212-972-7457 Fax 212-972-7496 www.kimcoexchangeplace.com

Investment Opportunity

Traffic Counts

Advance Auto Circle K

Wendy’s

Wal Mart Gas

Bank

This information has been obtained from sources deemed reliable, however Kimco does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

Kimco Exchange Place is a subsidiary of Kimco Realty Corporation.

For more information, contact: Robert James, Managing Director 280 Park Avenue, 11th Floor, New York, NY 10017 [email protected] Phone 212-972-7457 Fax 212-972-7496 www.kimcoexchangeplace.com

Investment Opportunity 60 Minute Drive Time

This information has been obtained from sources deemed reliable, however Kimco does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

Kimco Exchange Place is a subsidiary of Kimco Realty Corporation.

For more information, contact: Robert James, Managing Director 280 Park Avenue, 11th Floor, New York, NY 10017 [email protected] Phone 212-972-7457 Fax 212-972-7496 www.kimcoexchangeplace.com

Investment Opportunity

1,3,5 Mile Rings

This information has been obtained from sources deemed reliable, however Kimco does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

Kimco Exchange Place is a subsidiary of Kimco Realty Corporation.

For more information, contact: Robert James, Managing Director 280 Park Avenue, 11th Floor, New York, NY 10017 [email protected] Phone 212-972-7457 Fax 212-972-7496 www.kimcoexchangeplace.com

Investment Opportunity DEM OGRAPHIC PROFILE 2000 Census, 2007 Estimates & 2012 Projections Calculated using Proportional Block Groups

Nov-07 Lat/Lon: 28.06/-81.82

POPULATION

23,386 25,064 21,081 19,031 1.3% 1.4%

60,052 64,027 54,581 49,463 1.3% 1.3%

HOUSEHOLDS

2007 Es t. Hous eholds 2012 Es t. Hous eholds 2000 Census Hous eholds 1990 Census Hous eholds His torical Annual Growth 1990 to 2007 Projected Annual Growth 2007 to 2012

988 1,044 901 846 1.0% 1.1%

9,099 9,839 8,005 7,021 1.7% 1.6%

24,105 25,924 21,397 19,194 1.5% 1.5%

2007 2007 2007 2007 2007 2007 2007 2007

14.8% 14.2% 7.5% 26.3% 18.1% 13.3% 5.8% 34.4

14.4% 14.2% 6.7% 25.8% 18.7% 13.0% 7.1% 36.0

14.0% 13.6% 6.5% 25.4% 18.7% 13.1% 8.6% 37.3

49.6% 50.4% 1,939 18.7% 56.2% 25.1% 37.2% 2.5

49.2% 50.8% 18,355 20.7% 53.7% 25.6% 37.3% 2.5

48.6% 51.4% 47,449 20.0% 54.7% 25.3% 35.5% 2.5

0.3% 0.8% 6.3% 6.9% 19.9% 18.9% 14.7% 19.7% 12.5% $40,430 $37,420 $16,120

1.0% 1.5% 6.5% 8.9% 20.5% 16.9% 14.4% 15.3% 15.0% $44,853 $42,054 $17,749

1.2% 1.4% 6.7% 10.1% 21.0% 17.3% 14.3% 14.0% 14.1% $47,244 $43,139 $19,298

83 994

796 10,443

1,753 18,664

2,478 83.5% 5.3% 0.6% 0.6% 9.9%

23,386 79.0% 11.0% 0.5% 1.2% 8.3%

60,052 79.8% 11.2% 0.5% 1.4% 7.2%

INCOME

& SEX

2,478 2,595 2,315 2,262 0.6% 0.9%

MARITAL STATUS

2007 Es tim ated Population 2012 Projected Population 2000 Census Population 1990 Census Population His torical Annual Growth 1990 to 2007 Projected Annual Growth 2007 to 2012

AGE

1.00 mi radius 3.00 mi radius 5.00 mi radius

Population 0 to 9 Years Population 10 to 19 Years Population 20 to 24 Years Population 25 to 44 Years Population 45 to 59 Years Population 60 to 74 Years Population 75 Years Plus Es t. Median Age

2007 Male Population 2007 Fem ale Population Married Bas e (15yrs+) Never Married Now Married Separated, Divorced or Widowed Hous eholds with Kids Average Hous ehold Size 2007 2007 2007 2007 2007 2007 2007 2007 2007 2007 2007 2007

Es t. HH Incom e $200,000 or More Es t. HH Incom e $150,000 to 199,999 Es t. HH Incom e $100,000 to 149,999 Es t. HH Incom e $75,000 to 99,999 Es t. HH Incom e $50,000 to 74,999 Es t. HH Incom e $35,000 to 49,999 Es t. HH Incom e $25,000 to 34,999 Es t. HH Incom e $15,000 to 24,999 Es t. HH Incom e $0 to 14,999 Es t. Average Hous ehold Incom e Es t. Median Hous ehold Incom e Es t. Per Capita Incom e

RACE

Num ber of Bus ines s es Total Num ber of Em ployees 2007 2007 2007 2007 2007 2007

Es tim ated Population Es t. White Population Es t. Black or African Am erican Es t. Am erican Indian & Alas ka Native Es t. As ian & Pacific Is lander Es t. Two or m ore and Other Races

This information has been obtained from sources deemed reliable, however Kimco does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.