M&I Bank Ground Lease with Starbucks & Golfsmith Golf & Tennis. M&I Bank Ground Lease With Starbucks & Golfsmith. Roseville, MN

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1 subject property with Starbucks & Golfsmith Golf & Tennis $6,000, % CAP $456,168 NOI Three single tenant, free standing buildings on one parcel of land in prime retail area Area retailers include The Sports Authority and the 1.2 million sf dominant, super regional mall and lifestyle center, Rosedale Center, which is anchored by Macy s, JC Penny, Herberger s, AMC 14 and Apple Other area retailers include Super Target, Macy s, Marshalls, Staples, Cub Foods, Babies R Us, Office Max, REI, Pier 1, Best Buy, Dick s, Kohl s and JoAnn Fabrics The Golfsmith building can be expanded to accommodate an additional 8,000 sf of retail development Centrally located between the Twin Cities of Minneapolis and St Paul Access to Interstate 35 west and Highway 36 with $71,912 average household income in 3 miles Average household income in a 1 mile radius is $73, Highway 36 -

2 PROPERTY SUMMARY: EXP Realty Advisors exclusively presents for sale a M&I Bank ground lease with a Starbucks and Golfsmith on one, non-subdivided 4.16 acre parcel of land. The properties were constructed in Located in a key retail corridor, between two major highways connecting the Twin Cities of Minneapolis and Saint Paul, the properties have excellent accessibility. The Sports Authority is adjacent to the property. Across Highway 36 is the 1.2 million sq. ft. dominant super regional mall and lifestyle center (Rosedale Center) which is anchored by Macy s, JCPenny, Herberger s and a 14 screen stadium style AMC theatre. Other tenants include Apple, Coach, J. Crew, Sephora, Williams Sonoma, Ann Taylor Loft and Borders. The malls sales are in excess of $500 psf. There are 10 colleges with over 100,000 students within 10 miles of the property. Other area retailers include Super Target, Marshalls, Staples, Cub Foods, Michaels, Barnes & Nobel, Babies R Us, Office Max, REI, Pier 1, Best Buy, Dick s, Kohl s, Guitar Center and Jo Ann Fabrics. Traffic counts are 15,600 vpd on Fairview Avenue and 73,000 vpd on Highway 36. Within a 3 mile radius there is a population of 82,228 with an average household income of $61,326. Roseville is considered the retail and commercial hub of the north east suburban Minneapolis MSA. Roseville has a population of 33,690 and is less than a ten minute commute to either Minneapolis or St. Paul s downtown areas. Major employers are Target Corporation, Minnesota Department of Transportation, Earthgrains, Mete Baking, Best Inc., Symantec Corporation, Health Span Home Care and Old Dutch Foods. Rosedale Center plus the six other shopping centers in the area make up one of the leading retail areas in the upper Midwest. Price: $6,000,000 Total NOI: $456,168 Cap Rate: 7.6% Bld. Sq Ft: 28,148 sf Acres: 4.16 Ownership: Fee Simple Assumable Financing: None Location 1800 Highway 36 Roseville MN *reserves do not include M&I Tenant Lease Type Square Feet Current NOI Rent PSF Expiration Date Years Remaining Escalations Golfsmith Double Net 18, , /30/ % / 5 yrs M&I Bank Starbucks Corporation *Landlord will credit change in rent Triple Net Ground Lease 7,800 80, /31/ % / 5 yrs Double Net 1,868 63, /28/ % in 2013 TOTAL 28, ,712 Reserves* (2,035) 0.10 NOI 418,677 Options Three 5 yr w/ 10% escalations Five 5 yr w/ 5% escalations Four 5 yr w/ 10% escalations

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4 Starbucks Current Rent: $63,512 ($34 PSF) annually Escalations: 5.88% in 2013 Options: Four (5) year options with 10% escalations every 5 years Rent Commencement: December 3, 2007 Expiration Date: February 28, 2018 Building Size: 1,868 sf Land Size: 1.59 acers Lease Type: This is a double net lease. Landlord is responsible to maintain, repair and replace (if necessary) the roof & structure of the demised premises. Tenant is responsible to maintain the HVAC system, signage and all elements on the interior of the property. Tenant has a right to terminate this lease at the end of year 5 with 180 days notice. If they elect to terminate they will pay landlord a termination fee of $115,000. Landlord pays real estate taxes and performs common area maintenance and is reimbursed by tenant monthly as additional rent. Tenant Summary: Starbucks Corp. (NYSE: SBUX / S&P: BBB / Starbucks Corporation engages in the purchase, roasting, and sale of whole bean coffees worldwide. It offers brewed coffees, Italian-style espresso beverages, cold blended beverages, various complementary food items, and a selection of premium teas, as well as beverage-related accessories and equipment, through its retail stores. The company also licenses its trademark through other channels, such as licensed retail stores, as well as through certain of its licensees and equity investees. In addition, Starbucks Corporation produces and sells ready-to-drink beverages, which include bottled beverages, espresso drinks, chilled cup coffees, and ice creams. Its brand portfolio primarily includes Starbucks, Seattle s Best Coffee, Tazo, Frappuccino, Starbucks DoubleShot, Starbucks Discoveries, Starbucks superpremium Tazo Tea, and Starbucks super-premium. As of September 27, 2009, the company operated 8,800 retail stores. subject property

5 subject property M&I Bank Current Rent: $80,000 ($10.26 PSF) annually Base Rent Escalations: 5% every 5 years Options: Five (5) year options, 5% escalations Rent Commencement: January 1, 2008 Expiration Date: December 31, 2022 Building Size: 7,800 sf Land Size: 1.3 Acres Lease Type: This is an triple net ground lease. The tenant constructed and paid for the building. Upon lease expiration, ownership of the building reverts to the owner of the land. Landlord has absolutely no maintenance, repair or replacement responsibility for the building, such responsibility being solely that of the tenant. Landlord is responsible to maintain the common areas of the property and is reimbursed by tenant for their pro-rata cost plus a 10% admin fee. Landlord pays real estate taxes and insurance and is reimbursed by tenant monthly as additional rent. Tenant Summary: Marshall & Ilsley Corporation (S&P: BBB / NYSE: MI): M&I is a diversified financial services corporation headquartered in Milwaukee, Wis., with $54 billion in assets. Founded in 1847, M&I Marshall & Ilsley Bank is the largest Wisconsin-based bank. M&I Bank has 195 offices throughout the state. In addition, M&I has 42 locations throughout Arizona; 17 offices in Kansas City and nearby communities; 15 offices on Florida's west coast; 15 offices in metropolitan Minneapolis/St. Paul, and one in Duluth, Minn.; three offices in Tulsa, Okla.; and one office in Las Vegas, Nev. M&I's Southwest Bank subsidiary has 15 offices in the greater St. Louis area.

6 Golfsmith Current Rent: $277,200 ($15.00 PSF) annually Escalations: 10% in year 5 Options: Three (5) year options with 10% escalations Rent Commencement: April 15, 2007 Expiration Date: June 30, 2017 Size: 18,480 sf Land Size 1.27 Acres Lease Type: Landlord is responsible for roof and structure. Tenant maintains and pays for general liability insurance and all risk property insurance and names landlord as an additional insured. Tenant also maintains the HVAC system, signage and all elements on the interior of the property. Tenant reimburses landlord for common area maintenance which includes maintaining the parking lot and parking lot lighting, landscaping, sidewalks and snow removal plus a 10% admin fee for their pro-rata cost. Tenant Summary: Golfsmith International Holdings, Inc. (NASDAQ: GOLF), through its subsidiary, Golfsmith International, Inc., operates as a specialty retailer of golf and tennis equipment, apparel, footwear, and accessories. Its stores offer branded clubs, balls, apparel, and accessories, as well as its proprietary-branded products, including Clubmaker, Golfsmith, Killer Bee, J.G.Hickory, Lynx, Profinity, Snake Eyes, TourTrek, XPC, Zevo, Maggie Lane, and ZTech. The company s stores also provide club components, club making tools, supplies and on-site club making, custom club-fitting, and club repair services, as well as tennis equipment, and tennis racquet maintenance and repair services. In addition, Golfsmith International Holdings develops and promotes proprietary merchandise, including clubs, club components, apparel, golf bags and covers, pull and push carts, shoes, furnishings, accessories, training aids, and gifts. As of January 2, 2010, it operated 74 stores in 19 states. Golfsmith International Holdings also offers its products through catalog and Internet sales. The company was founded in 1967 and is headquartered in Austin, Texas. As of April 28, 2010 Golfsmith had a enterprise value of $104 million, revenue of $338 million, operating cash flow of $22.6 million and total assets of $87.6 million.

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14 1-3-5 Mile Demographic Map

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16 1-3-5 Mile Demographic Data 1 Miles: 3 Miles: 5 Miles: Population: 2009 Total Population 4,910 82, ,672 Male Population 45.5% 47.6% 49.1% Female Population 54.5% 52.4% 50.9% Median Age Population Density (per sq. mi.) 1, , ,955.6 Employees 14,086 90, ,904 Establishments 671 4,383 16,290 Income: 2009 Median HH Income $59,164 $61,326 $50,456 Per Capita Income $34,221 $32,483 $27,204 Average HH Income $73,322 $71,912 $62,275 Households: 2009 Total Households 2,304 35, ,323 Average Household Size Household Growth % 3.4% 4.1% Housing: 2009 Owner Occupied Housing Units 55.9% 59.6% 49.9% Renter Occupied Housing Units 39.1% 35.4% 44.2% Vacant Housing Units 5.0% 5.0% 5.9% Contact Us EXP Realty Advisors 118 East 28th Street Suite #901 New York, NY Phone: (212) Fax: (212) Our Team Robert P. James President Phone: (212) rob@exp1031.com Daniel de Sa Director of Sales Phone: (212) dan@exp1031.com Race: 2009 White 84.1% 85.3% 74.4% Black 3.4% 4.1% 10.2% American Indian, Eskimo, Aleut 0.6% 0.5% 0.9% Asian 7.6% 6.3% 8.5% Hawaiian or Pacific Islander 0.4% 0.1% 0.1% Other 1.4% 1.2% 2.1% Multirace 2.5% 2.6% 3.8%