For more information, contact: Robert James, Director of Real Estate 280 Park Avenue, 24th Floor West,

New York, NY 10017 1031@kimcorealty.com Phone 212-972-7457 Fax 212-972-7496 Kimco Exchange Place is a subsidiary of Kimco Realty Corporation. www.kimcoexchangeplace.com

1031 Exchange Opportunity

Absolute Triple Net Ground Lease with Building Loan Component Bank of America with 8 Lane Drive-Thru 116 East Seminary Drive, Ft. Worth, TX
Property Summary: Property Summary: The Bank of America Building contains 5,300 square feet plus an 8 lane drive-thru, situated on 1.38 acres. The Bank of America Building contains 5,300 square feet plus an 8 lane drive-thru, situated on 1.38 acres. The 1,023,883 square foot Fort Worth Towne Center (anchored by Dillards, Fiesta Mart, Levines Clothing The 1,023,883 square foot Fort Worth Towne Center (anchored by Dillards, Fiesta Mart, Levines Clothing and Sears) is located directly across the street and includes Eckerd Drug, Dollar General, Cinema Latino, and Sears) is located directly across the street and includes Eckerd Drug, Dollar General, Cinema Latino, Marabu Club, Electronics Plus, Foot Locker, GNC, Payless Shoe Source, Radio Shack and a food court. Marabu Club, Electronics Plus, Foot Locker, GNC, Payless Shoe Source, Radio Shack and a food court. Nearby retail includes Pep Boys Super Center, Long John Silvers, Wendys, Grandys, Dennys Express Caf, Nearby retail includes Pep Boys Super Center, Long John Silvers, Wendys, Grandys, Dennys Express Caf, Taco Cabana, Jack-in-the-Box, What-A-Burger, Taco Bell, Pearle Vision, Raceway, Phone America, Rent a Taco Cabana, Jack-in-the-Box, What-A-Burger, Taco Bell, Pearle Vision, Raceway, Phone America, Rent a Center and Sonic. Fort Worth, TX is consistently ranked among top places in the nation to work and live by Center and Sonic. Fort Worth, TX is consistently ranked among top places in the nation to work and live by national magazines like Money, Fortune and Newsweek. The city is home to major corporations such as national magazines like Money, Fortune and Newsweek. The city is home to major corporations such as Lockheed Martin, American Airlines, Bell Helicopter Textron, Burlington Northern Railroad, Pier 1 Imports Lockheed Martin, American Airlines, Bell Helicopter Textron, Burlington Northern Railroad, Pier 1 Imports and Radio Shack. and Radio Shack. Price and Cap: Price and Cap: We offer this property at $3,385,000 which is a 6.5% cap rate on NOI of $220,042. The NOI consists of a We offer this property at $3,385,000 which is a 6.5% cap rate on NOI of $220,042. The NOI consists of a $62,720 ground rent payment plus a loan payment of $157,322 (of which $63,330 is return of capital and not $62,720 ground rent payment plus a loan payment of $157,322 (of which $63,330 is return of capital and not subject to tax). The lease gives the landlord the right to depreciate the building which was constructed by the subject to tax). The lease gives the landlord the right to depreciate the building which was constructed by the tenant. At the end of the initial term, rent for the combined land and building is set by an appraisal. tenant. At the end of the initial term, rent for the combined land and building is set by an appraisal. Tenant: Bank of America N.A. (NYSE: BAC) Tenant: Bank of America N.A. (NYSE: BAC) Bank of America is the nation's first coast-to-coast bank and the third-largest bank in the US by assets (behind Bank of America is the nation's first coast-to-coast bank and the third-largest bank in the US by assets (behind Citigroup and JP Morgan Chase and ahead of hometown competitor Wachovia). They purchased Northeastern Citigroup and JP Morgan Chase and ahead of hometown competitor Wachovia). They purchased Northeastern banking behemoth FleetBoston in 2004 for almost $50 billion, as well as National Processing from National banking behemoth FleetBoston in 2004 for almost $50 billion, as well as National Processing from National City. Bank of America also boasts the country's most extensive branch network, with more than 5,700 City. Bank of America also boasts the country's most extensive branch network, with more than 5,700 locations covering some two dozen states and the District of Columbia. The FleetBoston deal should help locations covering some two dozen states and the District of Columbia. The FleetBoston deal should help expand its reach in other parts of the world as well, particularly Latin America. For the fiscal year ended expand its reach in other parts of the world as well, particularly Latin America. For the fiscal year ended December 2003 sales were over $49 billion. 2003 sales growth was 5.7% and net income was $10.8 billion, a December 2003 sales were over $49 billion. 2003 sales growth was 5.7% and net income was $10.8 billion, a one year growth of 16.9%. one year growth of 16.9%. Lease Type: Lease Type: This is an absolute triple net ground lease. The tenant constructed the building. Landlord owns the building and This is an absolute triple net ground lease. The tenant constructed the building. Landlord owns the building and can depreciate it. Landlord has absolutely no maintenance, repair or replacement responsibility for the building can depreciate it. Landlord has absolutely no maintenance, repair or replacement responsibility for the building or land, such responsibility being solely that of the tenant. or land, such responsibility being solely that of the tenant. 20 Year Triple Net Lease Summary: 20 Year Triple Net Lease Summary: Rent Start Date: January 10, 1994 Rent Start Date: January 10, 1994 Expiration Date: January 9, 2014 Expiration Date: January 9, 2014 Options to Renew: 2 (5) year renewals at fair market value for land and building Options to Renew: 2 (5) year renewals at fair market value for land and building improvements, by MAI appraisal. improvements, by MAI appraisal. Rent Breakdown: See page 2 of flyer for detailed rent breakdown including loan terms and Rent Breakdown: See page 2 of flyer for detailed rent breakdown including loan terms and payments. payments.
This information has been obtained from sources deemed reliable, however Kimco does not guarantee, warranty or represent its accuracy. It is the Purchasers responsibility to independently confirm the accuracy and completeness of the information contained herein.

For more information, contact: Robert James, Director of Real Estate 280 Park Avenue, 24th Floor West, New York, NY 10017 1031@kimcorealty.com Phone 212-972-7457 Fax 212-972-7496 Kimco Exchange Place is a subsidiary of Kimco Realty Corporation. www.kimcoexchangeplace.com

1031 Exchange Opportunity

Approximate Portion of Construction Loan which is reConstruction payment of principal/not Loan subject to tax Total Payment Reimbursement $157,322 $157,322 $157,322 $157,322 $157,322 $157,322 $157,322 $157,322 $157,322 $63,630 $70,748 $78,661 $87,460 $97,242 $108,120 $120,213 $133,660 $148,610 $220,042 $220,042 $220,042 $220,042 $227,568 $227,568 $227,568 $227,568 $227,568

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013

Ground Rent $62,720 $62,720 $62,720 $62,720 $70,246 $70,246 $70,246 $70,246 $70,246

Note: Loan is fully amortized over 240 months based on a 10.65% interest rate.

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

For more information, contact: Robert James, Director of Real Estate 280 Park Avenue, 24th Floor West, New York, NY 10017 1031@kimcorealty.com Phone 212-972-7457 Fax 212-972-7496 Kimco Exchange Place is a subsidiary of Kimco Realty Corporation. www.kimcoexchangeplace.com

1031 Exchange Opportunity

Note: As you will see on the site plan, the bank demolished an existing branch they occupied and built this new branch in 1994. The bank has been at this location for over 20 years.

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

For more information, contact: Robert James, Director of Real Estate 280 Park Avenue, 24th Floor West, New York, NY 10017 1031@kimcorealty.com Phone 212-972-7457 Fax 212-972-7496 Kimco Exchange Place is a subsidiary of Kimco Realty Corporation. www.kimcoexchangeplace.com

1031 Exchange Opportunity

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

For more information, contact: Robert James, Director of Real Estate 280 Park Avenue, 24th Floor West, New York, NY 10017 1031@kimcorealty.com Phone 212-972-7457 Fax 212-972-7496 Kimco Exchange Place is a subsidiary of Kimco Realty Corporation. www.kimcoexchangeplace.com

1031 Exchange Opportunity

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

For more information, contact: Robert James, Director of Real Estate 280 Park Avenue, 24th Floor West, New York, NY 10017 1031@kimcorealty.com Phone 212-972-7457 Fax 212-972-7496 Kimco Exchange Place is a subsidiary of Kimco Realty Corporation. www.kimcoexchangeplace.com

1031 Exchange Opportunity

UNIVERSI U NIVERS U IVE RS IVE U NIVE RSI IVERS S CARRO L CARR O L CARR O L ARR L S C A RR LL ST C ARR LL ST C T LST ST ST
HIL CR HIL LCR HIL LCRE HILLCRE S HIL CR E CREST S T T ST TS E ST ST EST ST TS

h Village stover Hills

HORNE ST HORNE ST HORNE ST HORNE ST HORNE ST HORNE ST E E E E AVE AVE AV AV AV AV EA EA EA GE GE GE G G DG DG IDG DG RID RIID RIID RD R RIII S TR STR S TR ES ES ES WE WE WE WE WE WE
EA EA EA EA AA AA A AV AV AV E E E
HU HU HU HU L HU L HUL LE N LE N LE N E EN EN N ST ST ST ST ST

P P P RP O RP O R PO A IIR AI A A IIIR A R A

VD VD LAND BLVD LAND BLVD LAND LAND BLVD LAND VD LAND BLVD LAND BLVD LAND BLVD

BRIDGE S BRIDGE S BRIDGE S BRIDGE S BRIDGE S BRIDGE S BRE BRE BRE BRE BRE BRE

BEACH ST BEACH ST BEACH ST BEACH ST BEACH ST BEACH ST

Fort Worth
7TH AVE 7TH AVE 7TH AVE 7TH AVE 7TH AVE 7TH AVE 7TH AVE 7TH AVE

5.00 Miles
EXETER ST EXETER ST EXETER ST EXETER ST EXETER ST EXETER ST
T T ST ST ST ST TIIIE T IE T IIE T AT AT AT H HA H HA HA

30

VICKERY BLVD BLVD VICKERY BLVD VICKERY BLVD VICKERY BLVD BLVD

30

LA C ST LANC AST LANCAST LANC ASTER A L A N C AS T E R A L ASTER AVE E R AV E VE E R AV E E VE

L DAL AL EDA L EDA L DA L DA O SED ROSE RO S E RO S E OS OS R R R

LOVELL AVE LOVELL AVE LOVELL AVE LOVELL AVE LOVELL AVE LOVELL AVE

ALLEN AVE ALLEN AVE ALLEN AVE ALLEN AVE ALLEN AVE ALLEN AVE 3.00 Miles

RIVERSIDE DR RIVERSIDE DR RIVERSIDE DR RIVERSIDE DR RIVERSIDE DR RIVERSIDE DR RIVERSIDE DR RIVERSIDE DR

MORNINGSIDE DR MORNINGSIDE DR MORNINGSIDE DR MORNINGSIDE DR MORNINGSIDE DR MORNINGSIDE DR

BE B B E NB B E NB R B E BR BEN BR ROO K B ROOK B OO K B OK OK OK BL V L D L VD BL VD BL V D L D D

287

BI I B B BIIS B IS SH SH SH HO HO O OP OP P PS PS PS ST ST T T T

MILLER AVE MILLER AVE MILLER AVE MILLER AVE MILLER AVE MILLER AVE MILLER AVE MILLER AVE MILLER AVE

CAREY ST CAREY ST CAREY ST CAREY ST CAREY ST CAREY ST CAREY ST CAREY ST

1.00 Mile

8TH AVE 8TH AVE 8TH 8TH AVE 8TH AVE 8TH AVE

287P

G G G GR GR GR RA RA RA AN AN AN NB NB NB BU BU BU UR UR UR RY RY RY YR YR YR RD RD RD D D D

<
Village

CA CA CA CAM CA M AMP PU PU U PUS PU S US DR DR DR R R R

KS R D S RD KS R D KS R D S RD SR

RD R IN RD R IN R D IR IN RD IR IN RD T IR VIN RD IR IN RD BR YA NT IRVIN BR YA NT IRVIN BR A T IRVIN BR YANT IRV BRYANT IRV BRYANT BR A T BRYA NT

20
EDGECLIFF RD EDGECLIFF RD EDGECLIFF RD EDGECLIFF RD RD

20

MA MA MA MA AN S AN N NS F NS NS FIIIE FIIE FIE EL LD LD LD HW HW H H H Forest Hill HW Y Y Y

N N DR N DR ANGL N DR ANGLIN DR ANGL N DR ANGLIN DR ANGLIIN DR ANGLIIN DR

FOREST HILL DR FOREST HILL DR FOREST HILL DR FOREST HILL DR FOREST HILL DR FOREST HILL DR

Edgecliff ALTAM AL T A M ALTAM ALTAM ES A L T A ME S L E SA B ESA BLV E SA B L V E ABL A B LVD B VD D L VD D

2003 Average Income

SYCAMORE SCHOOL RD SYCAMORE SCHOOL RD SYCAMORE RD SYCAMORE SCHOOL RD SYCAMORE SCHOOL RD SYCAMORE SCHOOL RD
TRL TRL COLUM BUS TRL COLUM BUS TRL COLUM BUS TRL TRL
E VE VE AVE A VE N AV N AV ON A NON ON ENO E NO EN O EVERM AN PKY EVERM AN PKY $75,000 E more EVERM AN PKY E E EVERM AN PKY EVERM AN PKY Everman or N

By Block Group

RD RD RD RD ER D E RD R NE UR N E UR N E URNE RN RN B EB U EB U EBU B B CL CLE CL E CL CL CL E

RISINGER RD RISINGER RD RISINGER RD RISINGER RD RISINGER RD RISINGER RD

RD RD RD RD E VE VE VE OV O O RO RO RO GR GR GR G G G K K K AK AK AK OA OA OA O O O

$60,000 to $75,000 $45,000 to $60,000 $30,000 to $45,000 D D D D IIIC D IC D CK CK CK K Less than $30,000 IIC K P KP P

PR PR PR R R

Demographics
2003 Estimates Total Population: Total Households: Avg. HH Income: Med. HH Income: 1 Mile 15,647 4,211 $37,174 $30,635 3 Mile 103,728 33,294 $46,391 $37,573 5 Mile 254,298 87,343 $52,120 $41,988

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 Purchasers responsibility to independently confirm the accuracy and completeness of the information contained herein.