Investment Opportunity

For more information, contact: Robert James, Managing Director 280 Park Avenue, 11th Floor West, New York, NY 10017 [email protected] Phone 212-972...
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For more information, contact: Robert James, Managing Director 280 Park Avenue, 11th Floor West, New York, NY 10017 [email protected] Phone 212-972-7457 Fax 212-972-7496 Kimco Exchange Place is a subsidiary of Kimco Realty Corporation. www.kimcoexchangeplace.com

Investment Opportunity Flamingo Market Place Bravo Supermarket Anchored 12105 Pembroke Road, Pembroke Pines (Broward County), FL Property Property Summary: Summary: Flamingo Flamingo Market Market Place Place consists consists of of aa 137,259 137,259 sq sq ftft shopping shopping center center on on approximately approximately 15.6 15.6 acres acres and and isis currently 98% leased. The property is anchored by a 44,000 square foot Bravo Supermarket, which generates a steady currently 98% leased. The property is anchored by a 44,000 square foot Bravo Supermarket, which generates a steady flow flow of of customers customers to to the the center center on on aa daily daily basis. basis. Bravo Bravo has has exercised exercised their their first first option option early, early, their their lease lease now now expires expires on on 8/5/2012. 8/5/2012. Flamingo Flamingo Market Market Place Place offers offers investors investors the the opportunity opportunity to to acquire acquire aa grocery-anchored grocery-anchored center center in in one one of of South South Florida’s Florida’s fastest fastest growing, in-fill, retail markets. The main anchor tenant, Bravo Supermarkets, purchased the lease from Winn Dixie. The growing, in-fill, retail markets. The main anchor tenant, Bravo Supermarkets, purchased the lease from Winn Dixie. The lease lease isis below below market market with with aa rent rent of of $7.24 $7.24 psf psf and and isis flat flat in in all all of of the the option option periods periods (four (four 55 year year options options remaining) remaining) increasing increasing the the probability probability of of renewal. renewal. Tenants Tenants at at the the center center include include the the US US Post Post Office, Office, Allstate Allstate Insurance, Insurance, Cingular, Cingular, Pizza Pizza Hut, Hut, Queens Queens Beauty Supply, Bank of America, Katz Deli, a Dialysis Center and Kids Manor. Beauty Supply, Bank of America, Katz Deli, a Dialysis Center and Kids Manor. The The property property isis strategically strategically located located at at the the intersection intersection of of Flamingo Flamingo Road Road and and Pembroke Pembroke Road, Road, both both primary primary thoroughfares thoroughfares within Pembroke Pines, Broward County, Florida. This is a signalized, high-traffic intersection, registering an within Pembroke Pines, Broward County, Florida. This is a signalized, high-traffic intersection, registering an average average daily daily traffic volume of 65,100 vpd. The area surrounding the property is densely populated with approximately 123,000 traffic volume of 65,100 vpd. The area surrounding the property is densely populated with approximately 123,000 residents residents within within aa three three mile mile radius radius with with an an average average household household income income of of $64,200. $64,200. Population Population isis projected projected to to increase increase 4.3% 4.3% (2005-2010) (2005-2010) and and has has grown grown 16.4% 16.4% (1990-2005) (1990-2005) within within aa one one mile mile radius. radius. Major Major local local employers employers include include American American Express, Express, Pro Pro Player Player Stadium, Hollywood/Ft. Lauderdale International Airport, Motorola, and Lucent Technologies. The tenant roster is designed Stadium, Hollywood/Ft. Lauderdale International Airport, Motorola, and Lucent Technologies. The tenant roster is designed to to meet meet the the needs needs of of the the Pembroke Pembroke Pines/Miramar Pines/Miramar population, population, which which isis largely largely comprised comprised of of young young families families and and elderly elderly citizens. citizens. The The center center also also benefits benefits from from the the draw draw of of Flamingo Flamingo Market Market Place Place Shops, Shops, the the 37,600 37,600 square square foot foot strip strip center center adjacent adjacent to to the the Property, as well as out parcel tenants (Chevron Gas Station and Midas Muffler) not included in this offering. Nearby retailers Property, as well as out parcel tenants (Chevron Gas Station and Midas Muffler) not included in this offering. Nearby retailers include include Publix, Publix, Washington Washington Mutual, Mutual, Wendy’s, Wendy’s, Burger Burger King, King, Taco Taco Bell, Bell, Chick-Fil-A Chick-Fil-A and and Unibank. Unibank. Located Located just just north north of of the the center center isis the the 1,145,955 1,145,955 sq sq ftft Pembroke Pembroke Lakes Lakes Mall Mall with with over over 140 140 stores stores including including Macy’s, Macy’s, The The Disney Disney Store, Store, JC JC Penny, Penny, American American Eagle Eagle Outfitters, Outfitters, Guess, Guess, The The Limited, Limited, Waldenbooks, Waldenbooks, Dillard’s, Dillard’s, The The Body Body Shop, Shop, Bath Bath and and Body Body Works, Works, Lady Lady Foot Foot Locker, Sears and many more. Locker, Sears and many more. Tenant: The Bravo Bravo Supermarket Supermarket lease lease isis personally personally guaranteed guaranteed by by the the two two principals principals of of the the tenant, tenant, Teng Teng South South III, III, LLC. LLC. The The Tenant: The personal guarantors have total net asset equity of $28,923,000. Teng South III, LLC paid $750,000 for the Winn Dixie Lease personal guarantors have total net asset equity of $28,923,000. Teng South III, LLC paid $750,000 for the Winn Dixie Lease in in 2006. 2006. There There are are now now 16 16 independently independently owned owned supermarkets supermarkets doing doing business business in in Florida Florida under under the the Bravo Bravo banner banner with with more more planned. planned. Krasdale Krasdale Foods, Foods, Inc., Inc., through through its its Bravo Bravo program, program, isis the the sponsor sponsor of of the the cooperative cooperative supermarket supermarket group. group. The The Bravo Bravo business plan focuses on promoting and nurturing the entrepreneurial endeavors of the individual owners. Bravo and business plan focuses on promoting and nurturing the entrepreneurial endeavors of the individual owners. Bravo and its its sister sister group, C-Town Supermarkets, have more than 250 participating stores between them. group, C-Town Supermarkets, have more than 250 participating stores between them. Price We offer offer this this property property at at $25,000,000 $25,000,000 which which isis aa 7.0% 7.0% cap cap rate rate on on NOI NOI of of $1,750,171. $1,750,171. The The property property can can be be Price and and Cap: Cap: We acquired on a free and clear basis or subject to the existing loan. Cash on Cash is 9.2% if the loan is assumed. Defeasance acquired on a free and clear basis or subject to the existing loan. Cash on Cash is 9.2% if the loan is assumed. Defeasance premium premium isis approximately approximately $755,000 $755,000 to to pay pay off off the the existing existing loan loan at at closing closing and and isis aa buyer buyer cost. cost. Loan Loan Summary: Summary: Term: Term: Amount: Amount: Payment Payment Yrs Yrs 1-5: 1-5: Payment Payment Yrs Yrs 6-10: 6-10: Rate: Rate: Recourse: Recourse:

Loan Loan may may be be assumed assumed or or defeased. defeased. Defeasance Defeasance premium premium isis $755,000 $755,000 +/+/- (buyer (buyer cost). cost). Alternatively the buyer can assume the existing loan for a one half percent assumption Alternatively the buyer can assume the existing loan for a one half percent assumption fee. fee. 10 10 Yr. Yr. Loan Loan // 30 30 Yr. Yr. Ammo. Ammo. (First (First 55 Years Years Interest Interest Only Only Began Began 12/2004) 12/2004) recourse. recourse. $14,620,000 $14,620,000 $793,135 $793,135 annually annually $987,889 $987,889 annually. annually. Loan Loan starts starts to to amortize amortize in in February February 2010. 2010. 5.425% 5.425% Loan Loan isis recourse. recourse.

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.

For more information, contact: Robert James, Managing Director 280 Park Avenue, 11th Floor West, New York, NY 10017 [email protected] Phone 212-972-7457 Fax 212-972-7496 Kimco Exchange Place is a subsidiary of Kimco Realty Corporation. www.kimcoexchangeplace.com

Investment Opportunity

Quiznos Subs, IT Training Center, Emerald Coast, Century Putnam Realty, One Price Dry Cleaners, among others

Nextel, Sign-A-Rama Infinity Int’l Realty, among others

Walgreens

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.

For more information, contact: Robert James, Managing Director 280 Park Avenue, 11th Floor West, New York, NY 10017 [email protected] Phone 212-972-7457 Fax 212-972-7496 Kimco Exchange Place is a subsidiary of Kimco Realty Corporation. www.kimcoexchangeplace.com

Investment Opportunity Flamingo Marketplace Building Square Footage

137,259

Occupied SF

133,899

98%

Income: Total Rental Income*

1,965,831

318,500

Anchor Income included in total

16.2%

Tenant Reimbursements CAM Income Real Estate Tax Recapture Insurance Recapture Other Income Total Reimbursements Effective Gross Income

262,423 353,798 101,154 3,301 720,676 2,686,507

Operating Expenses: Administrative Expenses Cleaning Expenses Grounds Maintenance Insurance Management Fees Repairs & Maintenance Security Taxes & Licenses Utilities Total Operating Expenses

4,500 27,860 60,000 145,321 49,420 77,745 6,786 456,538 25,800 853,970

Vacancy Allowance

(82,367)

Net Operating Income Debt Service** Cash Flow

3.0% Anchor Rent excluded

133,294

Non Recovered Expense - Leakage

5.0% Anchor Rent excluded

1,750,171 793,135 957,036

Price Cap Rate

25,000,000 7.00%

Equity Required at Ask Cash on Cash

10,380,000 9.2%

42% Percent Equity

* Rental income as of 12/07 which includes pro-forma for 2 existing vacancies: Units 503 & 504

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.

18.5%

For more information, contact: Robert James, Managing Director 280 Park Avenue, 11th Floor West, New York, NY 10017 [email protected] Phone 212-972-7457 Fax 212-972-7496 Kimco Exchange Place is a subsidiary of Kimco Realty Corporation. www.kimcoexchangeplace.com

Investment Opportunity RENTAL INCOME Suite 100 101 102 103 104 106 107 108 201 302 305 306 307 308 310 311 312 313 314 315 316 401 501 502 503 504 505 506 508 509 510 511 512 513 518 519 520 521 601

503 504 508 504

Tenant Name Chevron Land & Development DCI Management Group dba Dry Clean Palm Springs Medical Services, Inc. Allstate Insurance Let's Go Wireless dba Cingular Wireless LaRosa Liquors Koning Restaurants Intl LC Queen Beauty Winn Dixie/Bravo Pembroke Pines Artificial Kidney Center CJ's Sports and Ale J & B Subs Affirmative Insurance Holdings, Inc. Total Rehab & Medical Centers Q-Hair, Inc Vacant Aunt Mary's Bagels c/o TJ Baking South Florida Consolidated Investments OrtemTax Services Flamingo Pediatrics S&L Party Store EEMAC Inc. dba Nobb Hill Academy Quest Diagnostics dba SBCL Katz Deli Vacant Vacant Eye Exams Unlimited JLM & Son, Inc. dba Plato's Closet Black Jack Express Tourland, LLC First Class Tobacco, Inc. Bubel Enterprises Bank of America N.A. Facilities Service Post Office Delta Young Livette Inc Flamingo Dental Associates,P.A. Lenocis,Inc. Assn of Builders & Contractors Institute

Pro Forma at $19 psf NNN prospective tenant $20 psf eff 8/1/2007 assume tenant renews 4% rent increase Pro Forma at $20 psf NNN

Square Feet 0 1,625 1,200 1,200 1,664 1,667 1,440 3,840 44,000 5,982 1,935 1,200 1,550 3,500 1,200 1,200 1,200 2,000 516 3,000 2,250 10,000 2,000 4,641 2,160 1,200 1,200 2,400 1,200 1,200 1,200 1,200 1,946 7,492 1,946 1,200 1,200 2,825 10,080 137,259

Lease Terms Start End 1/1/2001 7/1/2004 5/1/2002 8/1/2004 8/1/2004 6/1/1994 2/9/2006 8/6/1997 7/26/2006 12/1/2005 4/24/2006 9/1/1992 6/1/2001 9/1/1998

12/31/2010 6/30/2009 4/30/2008 9/30/2010 7/31/2009 5/31/2010 1/31/2011 8/5/2012 12/31/2016 11/30/2010 4/23/2011 8/31/2007 6/30/2010 8/31/2008

6/3/1994 8/9/2001 10/1/2004 9/1/2003 10/1/2004 7/16/2001 11/1/2001 12/4/1992

6/2/2013 8/31/2011 9/30/2009 10/31/2010 10/31/2009 7/31/2011 10/31/2009 7/31/2011

5/18/2006 6/1/2006 6/1/2004 11/1/2005 1/1/2003 7/1/2001 11/8/2002 12/12/2000 6/15/2000 10/1/2003 11/1/2006 2/1/1998 10/1/2001

7/17/2009 10/31/2011 5/31/2008 1/31/2011 2/28/2008 6/30/2011 11/7/2008 12/11/2010 6/14/2010 11/30/2008 10/31/2011 11/30/2007 11/30/2007

Occupied Vacant Total

Mo. Rent 0 2,587.81 1,784.64 1,625.77 2,370.87 2,629.42 2,224.00 6,160.00 26,541.67 12,450.62 2,575.00 1,600.00 1,874.97 5,205.20 1,529.82 1,641.23 1,156.96 2,624.68 905.48 4,780.67 3,244.80 9,660.61 3,792.38 4,354.88 3,420.00 2,000.00 1,800.00 3,400.00 1,838.72 1,800.00 1,701.71 1,675.00 2,496.57 15,166.66 2,213.58 1,799.78 1,799.78 3,529.00 10,555.74 158,518.02

Physical Vacancy 133,899 3,360 137,259

97.6% 2.4% 100.0%

Rent Bump 1 Start Date Mo. Rent 2/1/2006 CAM Bump 1/1/2008 2,665 7/1/2007 1,856 5/1/2007 1,675 8/1/2007 2,466 8/1/2007 2,735 6/1/2007 2,292 2/1/2007 6,406 12/1/2007 12/1/2007 4/24/2007 8/31/2007 7/1/2007 9/1/2007

8/1/2007 11/1/2007 6/1/2007 2/1/2007 1/1/2008 7/1/2007

12,839 2,652 1,664 1,950 5,413 1,576 1,707 1,203 2,730 942 4,972 3,375 9,950 3,944 4,486 3,523 2,080 1,856 3,536 1,912 1,872 1,787 1,734

6/15/2007 10/1/2007 9/1/2007 12/1/2007 12/1/2007

2,302 1,872 1,872 3,670 12,600

6/1/2006 9/1/2007 10/1/2007 9/1/2007 6/1/2007 8/1/2007 11/1/2007 8/1/2007

Rent

Economic Vacancy 1,900,791 96.7% 65,040 3.3% 1,965,831 100.0%

rent psf DEC 2,588 1,856 1,675 2,466 2,735 2,292 6,406 26,542 12,839 2,652 1,664 1,950 5,413 1,576 1,707 1,192 2,730 942 4,972 3,375 9,950 3,944 4,486 3,420 2,000 1,856 3,536 1,912 1,872 1,702 1,734 2,497 15,167 2,302 1,872 1,872 3,529 12,600 163,819

Total 31,054 21,844 19,899 28,925 32,079 27,164 76,630 318,500 149,796 30,977 19,712 22,875 63,710 18,541 20,220 14,126 31,916 10,974 58,133 39,846 117,376 45,812 52,912 23,940 14,000 21,880 41,072 22,579 22,392 20,421 20,452 29,959 182,000 27,183 21,813 21,885 42,348 128,713 1,893,660

19.11 18.20 16.58 17.38 19.24 18.86 19.96 7.24 25.04 16.01 16.43 14.76 18.20 15.45 16.85 11.77 15.96 21.27 19.38 17.71 11.74 22.91 11.40 19.00 20.00 18.23 17.11 18.82 18.66 17.02 17.04 15.40 24.29 13.97 18.18 18.24 14.99 12.77

1,965,831 December 2007 Rent Annualized

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.

For more information, contact: Robert James, Managing Director 280 Park Avenue, 11th Floor West, New York, NY 10017 [email protected] Phone 212-972-7457 Fax 212-972-7496 Kimco Exchange Place is a subsidiary of Kimco Realty Corporation. www.kimcoexchangeplace.com

Pa Pe rty di St o at ric re s

Da Qu tz D e es t D li Iag no st ics

Tax Service Dollar Store Bagels Framing Hair Salon Total Rehab & Medical Center Total Insurance Subs Sports Bar

Dialysis Center

Pylon Sign

Winn

Bravo Dixie Market Supermarket Place

Pembroke Road

Dry Clean USA Medical Services Allstate Cingular Wireless Liquor Pizza Hut

Queens Beauty

Flamingo Service Road

Tenants

Po U st S Of fic e

Kid Manor Day Care

Market Place Business Center Livette Bridal Dentist Pesaro's Italian Restaurant

Chevron Not Included

Flamingo Road

Flamingo Market Place Shops Not Included

Assoc. of Builders & Contractors

Flamingo Service Road

Bank of America Totally Clips Tobacco Tour and Travel Black Jack Express Plato's Closet Eye Exams Unlimited Real Estate Pending Coin Laundry

Investment Opportunity

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.

4/13/06

For more information, contact: Robert James, Managing Director 280 Park Avenue, 11th Floor West, New York, NY 10017 [email protected] Phone 212-972-7457 Fax 212-972-7496 Kimco Exchange Place is a subsidiary of Kimco Realty Corporation. www.kimcoexchangeplace.com

Investment Opportunity

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.

For more information, contact: Robert James, Managing Director 280 Park Avenue, 11th Floor West, New York, NY 10017 [email protected] Phone 212-972-7457 Fax 212-972-7496 Kimco Exchange Place is a subsidiary of Kimco Realty Corporation. www.kimcoexchangeplace.com

Investment Opportunity

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.

For more information, contact: Robert James, Managing Director 280 Park Avenue, 11th Floor West, New York, NY 10017 [email protected] Phone 212-972-7457 Fax 212-972-7496 Kimco Exchange Place is a subsidiary of Kimco Realty Corporation. www.kimcoexchangeplace.com

Investment Opportunity

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.

For more information, contact: Robert James, Managing Director 280 Park Avenue, 11th Floor West, New York, NY 10017 [email protected] Phone 212-972-7457 Fax 212-972-7496 Kimco Exchange Place is a subsidiary of Kimco Realty Corporation. www.kimcoexchangeplace.com

Investment Opportunity

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.

For more information, contact: Robert James, Managing Director 280 Park Avenue, 11th Floor West, New York, NY 10017 [email protected] Phone 212-972-7457 Fax 212-972-7496 Kimco Exchange Place is a subsidiary of Kimco Realty Corporation. www.kimcoexchangeplace.com

Investment Rent Escalations Opportunity Unit

Tenant Name

101

DCI Management Group dba Dry Clean USA

102

103

104

106

107

108

201

Palm Springs Medical Services, Inc.

Allstate Insurance

Cingular Wireless

LaRosa Liquors

Koning Restaurants Intl LC

Queen Beauty

Bravo Supermarkets

SqFt

1,625

1,200

1,200

1,664

1,667

1,440

3,840

44,000

Date Of Escalation

Rent

$Inc.

%Inc.

1/1/2005 1/1/2006 1/1/2007 1/1/2008 1/1/2009 1/1/2010

2,439.00 2,511.98 2,587.81 2,665.00 2,774.90 2,827.50

72.98 75.83 77.19 109.90 52.60

2.99% 3.02% 2.98% 4.12% 1.90%

7/1/2005 7/1/2006 7/1/2007 7/1/2008

1,716.00 1,784.64 1,856.03 1,930.27

68.64 71.39 74.24

4.00% 4.00% 4.00%

5/1/2005 5/1/2006 5/1/2007

1,578.41 1,625.77 1,674.54

47.36 48.77

3.00% 3.00%

10/1/2004 8/1/2005 8/1/2006 8/1/2007 8/1/2008 8/1/2009 8/1/2010

2,192.00 2,279.68 2,370.87 2,465.70 2,564.33 2,666.90 2,773.58

87.68 91.19 94.83 98.63 102.57 106.68

4.00% 4.00% 4.00% 4.00% 4.00% 4.00%

8/1/2005 8/1/2006 8/1/2007 8/1/2008

2,528.25 2,629.42 2,734.59 2,843.98

101.17 105.17 109.39

4.00% 4.00% 4.00%

6/1/2005 6/1/2006 6/1/2007 6/1/2008 6/1/2009

2,160.00 2,224.00 2,292.00 2,360.40 2,431.20

64.00 68.00 68.40 70.80

2.96% 3.06% 2.98% 3.00%

5/1/2006 2/1/2007 2/1/2008 2/1/2009 2/1/2009

6,160.00 6,406.40 6,662.66 6,929.16 7,206.33

11/1/2006

246.40 4.00% 256.26 4.00% 266.50 4.00% 277.17 4.00% 4 (5) Year options – 26,541.67 Rent is flat during all options

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.

For more information, contact: Robert James, Managing Director 280 Park Avenue, 11th Floor West, New York, NY 10017 [email protected] Phone 212-972-7457 Fax 212-972-7496 Kimco Exchange Place is a subsidiary of Kimco Realty Corporation. www.kimcoexchangeplace.com

Investment Rent Escalations Opportunity Unit

Tenant Name

302

Pembroke Pines Artificial Kidney Center

305

306

CJ's Sports and Ale

J & B Subs

SqFt 5,982

1,935

1,200

Date Of Escalation 5/1/2007 5/1/2008 5/1/2009 5/1/2010 5/1/2011 5/1/2012 5/1/2013 5/1/2014 5/1/2015 5/1/2016

12,450.62 12,839.45 13,243.83 13,664.39 14,101.77 14,556.65 15,029.72 15,521.71 16,033.39 16,565.53

388.83 404.38 420.56 437.38 454.88 473.07 491.99 511.68 532.14

3.12% 3.15% 3.18% 3.20% 3.23% 3.25% 3.27% 3.30% 3.32%

12/1/2005 12/1/2006 12/1/2007 12/1/2008 12/1/2009

2,500.00 2,575.00 2,652.25 2,731.82 2,813.77

75.00 77.25 79.57 81.95

3.00% 3.00% 3.00% 3.00%

4/24/2006 4/24/2007 4/24/2008 4/24/2009 4/24/2009

1,600.00 1,664.00 1,730.56 1,799.78 1,871.77

64.00 66.56 69.22 71.99

4.00% 4.00% 4.00% 4.00%

Rent

$Inc.

%Inc.

307

Affirmative Insurance Holdings, Inc.

1,550

2/1/2007

1,874.97

308

Total Rehab & Medical Centers

3,500

7/1/2005 7/1/2006

5,005.00 5,205.20

200.20

4.00%

9/1/2005 9/1/2006 9/1/2007

1,485.26 1,529.82 1,575.71

44.56 45.89

3.00% 3.00%

5/1/2005 5/1/2006

1,548.33 1,641.23

92.90

6.00%

6/3/2004 6/3/2005 6/3/2006 6/3/2007

1,126.00 1,156.96 1,191.67 CPI

30.96 34.71

2.75% 3.00%

9/1/2006 9/1/2007 9/1/2008 9/1/2009 9/1/2010

2,624.68 2,729.67 2,838.86 2,952.41 3,070.51

104.99 109.19 113.55 118.10

4.00% 4.00% 4.00% 4.00%

310

311

312

313

Q-Hair, Inc

Weiss Systems, Inc

Aunt Mary's Bagels c/o TJ Baking

South Florida Consolidated Investments

1,200

1,200

1,200

2,000

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.

For more information, contact: Robert James, Managing Director 280 Park Avenue, 11th Floor West, New York, NY 10017 [email protected] Phone 212-972-7457 Fax 212-972-7496 Kimco Exchange Place is a subsidiary of Kimco Realty Corporation. www.kimcoexchangeplace.com

Investment Rent Escalations Opportunity Unit

Tenant Name

314

OtemTax Services

315

316

401

501

Flamingo Pediatrics

S&L Party Store

EEMAC Inc dba Kids Manor

Quest Diagnostics dba SBCL

SqFt 516

3,000

2,250

10,000

2,000

Date Of Escalation 10/1/2005 10/1/2006 10/1/2007 10/1/2008

Rent

$Inc.

%Inc.

870.65 905.48 941.7 979.37

34.83 36.22 37.67

4.00% 4.00% 4.00%

9/1/2005 9/1/2006 9/1/2007 9/1/2008 11/1/2008 11/1/2009

4,596.80 4,780.67 4,971.90 5,170.77 5,427.50 5,700.00

183.87 191.23 198.87 256.73 272.50

4.00% 4.00% 4.00% 4.97% 5.02%

6/1/2005 6/1/2006 6/1/2007 6/1/2008

3,120.00 3,244.80 3,374.59 3,509.58

124.80 129.79 134.99

4.00% 4.00% 4.00%

8/1/2005 8/1/2006 8/1/2007 8/1/2008 8/1/2009 8/1/2010

9,379.24 9,660.61 9,950.43 10,248.94 10,556.41 10,873.11

281.37 289.82 298.51 307.47 316.70

3.00% 3.00% 3.00% 3.00% 3.00%

11/1/2006 11/1/2007 11/1/2008

3,792.38 3,944.08 4,062.40

151.70 118.32

4.00% 3.00%

4,228.04

502

Haim Hiabi Katz Deli

4,641

8/1/2005

503

Laundromat

2,160

Yearly

504

Dr. Gaus

1,200

4/1/2008 4/1/2009 4/1/2010 4/1/2011

24,960 25,958 26,997 28,077

8/1/2006 8/1/2007

4,354.88 4,485.52

126.84 130.64

3.00% 3.00%

8/1/2006 8/1/2007 8/1/2008

1,800.00 1,856.00 1,913.00

56.00 57.00

3.11% 3.07%

11/1/2006 11/1/2007 11/1/2008 11/1/2009 11/1/2010

3,400.00 3,536.00 3,677.44 3,824.54 3,977.52

136.00 141.44 147.10 152.98

4.00% 4.00% 4.00% 4.00%

6/1/2005 6/1/2006

1,768.00 1,838.72

70.72

4.00%

2/1/2006 2/1/2007 2/1/2008 2/1/2009 2/1/2010

1,800.00 1,872.00 1,947.00 2,025.00 2,106.00

72.00 75.00 78.00 81.00

4.00% 4.01% 4.01% 4.00%

505

506

508

509

Eye Exams Unlimited

Plato's Closet

Black Jack Express

Tourland, LLC

1,200

2,400

1,200

1,200

3.00%

998.40 1,038.36 1,079.88

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.

4.00% 4.00% 4.00%

For more information, contact: Robert James, Managing Director 280 Park Avenue, 11th Floor West, New York, NY 10017 [email protected] Phone 212-972-7457 Fax 212-972-7496 Kimco Exchange Place is a subsidiary of Kimco Realty Corporation. www.kimcoexchangeplace.com

Investment Rent Escalations Opportunity Unit

Tenant Name

510

First Class Tobacco, Inc.

511

512

513

518

519

520

521

601

Bubel Enterprises

Bank of America N.A.

Facilities Service Office #113990-015

Delta Young

Livette Inc

Anna Aviles, DMD & Maria Varne, DMD

Marcellas's Restaurant

Assn of Builders & Contractors Institute

SqFt 1,200

1,200

1,946

7,492

1,946

1,200

1,200

2,825

Date Of Escalation 1/1/2005 1/1/2006 1/1/2007

1,543.50 1,620.68 1,701.71

77.18 81.03

5.00% 5.00%

7/1/2006 7/1/2007 7/1/2008 7/1/2009 7/1/2010

1,675.00 1,733.63 1,838.72 1,857.11 1,922.11

58.63 105.09 18.39 65.00

3.50% 6.06% 1.00% 3.50%

11/8/2005 11/8/2006 11/8/2007

2,496.57 2,540.10 CPI

43.53

1.74%

12/12/2000 12/12/2005

13,083.33 15,166.67

2,083.34

15.92%

8/1/2004 8/1/2005 8/1/2006 8/1/2007

2,068.77 2,132.00 2,213.58 CPI

63.23 81.58

3.06% 3.83%

10/1/2005 10/1/2006 10/1/2007 10/1/2008

1,730.56 1,799.78 1,871.77 1,946.64

69.22 71.99 74.87

4.00% 4.00% 4.00%

9/1/2005 9/1/2006 9/1/2007 9/1/2008 9/1/2009 9/1/2010

1,730.56 1,799.78 1,871.77 1,946.64 2,024.51 2,105.49

69.22 71.99 74.87 77.87 80.98

4.00% 4.00% 4.00% 4.00% 4.00%

12/1/2003 12/1/2004 12/1/2005 12/1/2006

3,529.00 3,634.87 3,805.22 3,919.38

105.87 170.35 114.16

3.00% 4.69% 3.00%

12/1/2005 12/1/2006 12/1/2007 12/1/2008 12/1/2009 12/1/2010 12/1/2011

10,248.29 10,555.74 12,600.00 12,978.00 13,367.34 13,768.36 14,181.41

307.45 2,044.26 378.00 389.34 401.02 413.05

3.00% 19.37% 3.00% 3.00% 3.00% 3.00%

Rent

$Inc.

%Inc.

10,080

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.

For more information, contact: Robert James, Managing Director 280 Park Avenue, 11th Floor West, New York, NY 10017 [email protected] Phone 212-972-7457 Fax 212-972-7496 Kimco Exchange Place is a subsidiary of Kimco Realty Corporation. www.kimcoexchangeplace.com

Investment Opportunity

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.

For more information, contact: Robert James, Managing Director 280 Park Avenue, 11th Floor West, New York, NY 10017 [email protected] Phone 212-972-7457 Fax 212-972-7496 Kimco Exchange Place is a subsidiary of Kimco Realty Corporation. www.kimcoexchangeplace.com

Investment Opportunity

Estates City

Pembroke Pines

PEMBROKE LAKES MALL

n

RD RD RD KE KE KERD BRO BROKE PEM PEMBRO BRO RD RD KE PEM KE BRO PEM PEM

FLAMINGO MARKETPLACE

TTT S SS ST S HS H TTTH 999T 99 99 99 111 19 1 N N N N N N

Carol City

Opa Miami Lakes

Demographics

Scott La

53 53 Y W 53 Y 953 H H W Y999 Y WY HW H H S S ST TH TT TT

PALMETTO PALMETTO PALMETTOEXPY EXPY EXPY

2005 Estimates Total Population: Total Households: Avg. HH Income: Med. HH Income:

5T 5T S21 S21 S21 5TH 5T 5T S21 S21 S215TH

Lake Lucerne

Country Club Palm Springs North

OOBB O BBBEEE

S41ST S41ST S41ST ST ST S41ST S41ST S41STST ST ST ST

W W WEST EST ESTDADE DADE DADEEXPY EXPY EXPY

RED RED RED RD RD RED RED REDRD RD RD

FLAMINGO FLAMINGO FLAMINGORD RD RD

186TH 186TH 186TH 186TH 186TH 186TH

SHERIDA

ISLAND ISLAND ISLAND DR DR ISLAND ISLAND ISLAND DR DR DR

IIII--II----7 75 77 77 5 55 55

1.00 Mile

Miramar

84

817 817 817 AY AY AY HW HW HW HIG HIG HIG TE TE TE 817 817 AY AY817 STA STA HW HWAY HIG HIGHW STA TE TEHIG STA STATE

PINES PINES PINES BLVD BLVD PINES PINES PINESBLVD BLVD BLVD BLVD

E E V V E E A A V V VE A AV M M MA A A LM LLL P P A A AL P PA P

AVE AVE AVE N172NDAVE N172ND N172ND AVE AVE N172ND N172ND N172ND

SHERIDAN SHERIDAN SHERIDANST ST ST ST SHERIDAN SHERIDAN SHERIDAN ST

H H H IA IA H H HIA U U IA IA IAT S S TT TT TU R R U U US D D S S SR R R RD D D D

3.00 Miles

ITY ITY ERS ERS DR DR TY TY TYDR UNIV UNIV UNIV ERSI ERSI ERSI ITY ITY ITY ERS ERS ERSITY UNIV UNIV UNIVERS

STIRLING STIRLING STIRLINGRD RD RD RD Cooper STIRLING STIRLING STIRLING RD RD

ST ST HST H ST H ST S45T S4 S4 5T 5TH H S4 S4 S4

DOUGLAS DOUGLAS DOUGLAS RD RD DOUGLAS DOUGLAS DOUGLASRD RD RD RD

Ivanhoe $75,000 or more $60,000 to $75,000 Green Meadow $45,000 to $60,000 $30,000 to $45,000 Less than $30,000

RD RD RD FINRD FIN GRIF GRIFFIN GRIF RD

VE VE VE AVE A A HA H H VE VE 0TH 0T 0T A A S90T S9 S9 H H 0T 0T S9 S9 S9

By Block Groups

5.00 Miles

D D R R D D D R IE IE R R RD V V VIE

2005 Average Income ORANGE ORANGE ORANGE DR DR ORANGE ORANGE ORANGEDR DR DR DR

H H AVE AVE HAVE AVE H H AVE H AVE

H AVE AVE TH H AVE H AVE

E E E E E E

RD ST ST STRD RD

S S S S S S

Pembroke Pines, FL

N167TH N167TH N167THST ST ST ST N167TH N167TH N167TH ST

Bunche Par

Site #9022 1 Mile 18,543 9,215 $43,168 $37,169

3 Mile 122,669 47,754 $64,158 $54,853

5 Mile 346,735 118,415 $67,143 $58,192

Updates of 2000 Census Data by Claritas. 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.

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