A portfolio of freestanding Real Estate w/ double net leases

3 Family Dollar Stores

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Price and Expenses

Price ------------- $2,250,000

Insurance -------- 100% reimbursed by Tenant

Taxes ------------- 100% reimbursed by Tenant

Electric ---------- Tenant

Water/Sewer --- Tenant

Roof & Structure - Landlord

CAM Charges ---- 100% reimbursed by Tenant

Income ----------- $195,100.20

Tenant Summary

Tenant Trade Name Family Dollar
Ownership Public
Stock Symbol FDO
Board NYSE
Website www.familydollar.com
Lease Guarantee Corporate
Lease Type Double Net
Lease Terms 10 years w/ options
Lease Commencement Dates depending on location

Family Dollar operates over 6,600 stores in a contiguous 44 -state area ranging northeast to Maine, southeast to Florida, as far northwest as Idaho and southwest to Arizona. A typical store ranges in size from 7,500 to 9,500 square feet and most are operated under leases. The relatively small store size permits us to open new stores in rural areas and small towns, as well as in large urban neighborhoods. Within these markets, Family Dollar stores are located in shopping centers or as free-standing buildings or in urban storefronts.

The nation’s #2 dollar store targets budget shoppers earning around $30,000 a year. Consumables (food, health/beauty aids, and household products) account for about 60% of sales; the stores also sell apparel, shoes, and linens. Family Dollar specializes in the low and middle income consumer market. Most merchandise is less than $10.00

Lease Summary

Store #6799 1034 McClellan Highway, Route 10 Harts WV 25524
Size of Storeroom: 9,180 s/f 102’ front x 90’ deep
Turn over date: August 5, 2005 Grand Opening: August 25, 2005

Fixed Term of Lease - (Ten Years) Expires December 31, 2015

Annual Rent: $70,600.08 Monthly Rent: $ 5,883.34 (No Overage Rent Clause)

Option Periods: (5) Five Year Option Periods

1st Five Years Annual Rent $ 77,660.04

2nd Five Years Annual Rent $ 85,426.08

3rd Five Years Annual Rent $ 93,969.00

4th Five Years Annual Rent $103,366.08

Store #7067 121 Glen Daniel Commerce Center Glen Daniel WV 25844

Size of Storeroom: 9,180 s/f 102’ front x 90’ deep

Turn over date: August 11, 2006 Grand Opening: August 27, 2006

Fixed Term of Lease - (Ten Years) Expires December 31, 2016

Annual Rent $60,400.08 Monthly Rent: $ 5,033.34
Overage Clause 3% over $2,000,000.00 in annual sales

Option Periods: (3) Five Year Option Periods

1st Five Years Annual Rent: $66,440.04 (3% over $2,100,000.00)

2nd Five Years Annual Rent $73,084.08 (3% over $2,200,000.00)

3rd Five Years Annual Rent $80,392.08 (3% over $2,300,000.00)

(Statement of Gross Sales due annually within 90 days after the end of each Lease year, the term “lease year” shall mean the calendar year and shall always end on December 31)
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Store #7116 202 Commerce Drive, Intersection Route 16 & 211 Mount Hope WV 25880

Size of Storeroom: 8,000 s/f 100’ front x 80’ deep

Turn over date: June 29, 2007 Grand Opening: August 2, 2007

Fixed Term of Lease - (Ten Years): Expires December 31, 2017

Annual Rent: $64,100.04 Monthly Rent: $ 5,341.67

Option Periods: (3) Five Year Option Periods

1st Five Years Annual Rent: $70,510.08 (3% over $2,100,000.00)

2nd Five Years Annual Rent $77,561.04 (3% over $2,200,000.00)

3rd Five Years Annual Rent $85,317.00 (3% over $2,300,000.00)

(Statement of Gross Sales due annually within 90 days after the end of each Lease year, the term “lease year” shall mean the calendar year and shall always end on December 31)