Investment Opportunity

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1 Northeast Plaza Shopping Center Greenwell Springs Road, Greenwell Springs (Baton Rouge), LA Investment Summary: Northeast Plaza is is an 89,224 square foot grocery and drug anchored shopping center on acres. The property is is anchored by Eckerd, Dollar General, and a new 42,130 sf sf Oak Point Fresh Market operated by a 4 unit regional operator. The center is is strategically located near the intersection of, and with access and frontage on both Sullivan Rd and Greenwell Springs Rd., both major roads in in the area. Traffic counts are 35,000 vpd on Greenwell Springs Rd. to to the south of the property. Built in in 1982, the center provides a convenient neighborhood shopping experience serving the growing population of North and East Baton Rouge. There is is a Wal-Mart Supercenter located 2 miles north of the property on Sullivan Rd. which has been open for several years. Oak Point Fresh Market offers an easy and quick grocery alternative to to the Wal- Mart Supercenter. Area retailers include Walgreens, Pizza Hut, Burger King, Chase Bank and Whitney Bank. Property has a new roof over 75% of the premises and a new 2 asphalt overlay covering the entire parking lot. Tenants included in in the sale are Domino s Pizza, St. Vincent DePaul, Video USA, and Edward D. Jones & Co. among others. Market Summary: Northeast Plaza is is strategically located at at the intersection of Greenwell Springs Road and Sullivan Road, a major intersection in in north central Baton Rouge. The property has 4 curb cuts on Greenwell Springs Rd. and 3 curb cuts on Sullivan Rd. Available retail sites in in the central portion of the Parish are limited due to to large flood plain areas and a lack of developable entitled land. With traffic counts of 35,000 cars per day at at Greenwell Springs Road, the site draws from a 5-7 mile trade area and is is well located for commuters going to to and from work. Plans for a new "Central Thruway" connecting Sullivan Road to to Hwy. 190 have been approved by the City of Baton Rouge. This major traffic artery will run north/south and intersect with Sullivan Road just yards from the property's northeastern boundary significantly increasing traffic, visibility and access. The surrounding areas are experiencing strong growth. Price and Cap: We offer this property at at $8,896,000 which is is a 7.82% CAP based on in in place NOI of $695,312 after a 5% vacancy factor. Property is is 98.8% leased and will be delivered free and clear of debt.

2 Central Perk Cactus Café Central Sports New Central Thruway to run adjacent to subject property

3 Major Tenants: Fresh Market: The grocery anchor at Northeast Plaza is operated by Oak Point Fresh Market, a 4 unit regional operator. The lease is personally guaranteed by the principals of Oak Point Fresh Market as well as Delta Food Mart, Inc., Delta s Missy s Supermarket, LLC and JC Management Holdings, LLC. Dollar General: Dollar General Corporation operates as a discount retailer of general merchandise in the United States. The company, through its retail stores, offers a range of consumable basic merchandise, including health and beauty aids, packaged food products, home cleaning supplies, houseware, stationery, seasonal goods, basic clothing, and domestics primarily to low, middle, and fixed-income families. As of May 10, 2005, Dollar General operated approximately 7,500 stores in 30 states, primarily in the southern, eastern, and midwestern United States. Revenues for the 52 weeks ending January 28th 2005 totaled, $7.66 billion with net income of $344 million. Rite Aid Corporation: d/b/a Eckerd (NYSE:RAD) Rite Aid Corporation is one of the nation's leading drugstore chains. With the June 4, 2007 acquisition of Brooks and Eckerd, the company has annual revenues of more than $27 billion, more than 5,000 stores in 31 states and the District of Columbia, with a strong presence on both the East and West coasts, and approximately 116,000 associates. Rite Aid is the largest drugstore chain on the East Coast and the third largest drugstore chain in the U.S. The company has a strategic alliance with General Nutrition Companies, Inc. (GNC) to operate GNC stores-within-rite Aid-stores.

4 Central Perk Cactus Café Central Sports New Central Thruway to run adjacent to subject property Cane s Chicken Fingers Bank

5 ANNUAL ANNUAL CURRENT CURRENT NNN TOTAL LEASE LEASE BASE BASE BASE BASE MARKET RENEWAL EXPENSE TENANT NAME SQ FT BEGIN END RENT RENT/SF RENT RENT/SF COMMENTS RENT OPTIONS REIMB. Oak Point Fresh Market 42,130 1-Oct Sep-19 $ 388,693 $9.23 $ 388,693 $9.23 NNN $8.00 Three 5-yr options $ 89,481 1-Oct Sep-17 $ 405,966 1-Oct Sep-19 $ 424,967 Nine Dragon Restaurant 5,420 1-Nov Jan-10 $27,100 $5.00 NNN, 5% over BP of $250k $8.00 None $ 20, Jan Jan-08 $27,100 $ Jan Jan-09 $37,940 $7.00 $37,940 $ Jan Jan-10 $37,940 $7.00 St. Vincent DePaul 2,100 1-Feb Apr-11 $16,275 $7.75 NNN $10.00 None $ 5,702 1-May Apr-08 $16,800 $ May Apr-09 $17,325 $8.25 $17,325 $ May Apr-10 $17,850 $ May Apr-11 $18,900 $9.00 Silver Moon Café 3,150 1-Feb Nov-09 $19,688 $6.25 NNN, 4% over BP of $600k $7.00 None $ 12,040 1-Dec Nov-08 $22,050 $7.00 $22,050 $ Dec Nov-09 $24,413 $7.75 Eckerd 8, Jun Jun-12 $54,400 $6.30 $54,400 $6.30 Modified Gross $8.00 Two 5-yr options $ 10,246 Kean's Dry Cleaners, Inc. 1,140 1-Aug Jul-09 $15,390 $13.50 NNN, 6% over BP of $257k $15.00 None $ 3,095 1-Aug Jul-08 $17,100 $15.00 $17,100 $ Aug Jul-09 $17,101 $15.00 VACANT 1, $14,621 $13.50 $14,621 $13.50 NNN $ $ 4,139 US Agencies 1,254 1-Dec Nov-08 $11,286 $9.00 NNN $12.00 None $ 4,793 1-Dec Nov-07 $12,540 $ Dec Nov-08 $12,540 $10.00 $12,540 $10.00 Edward D. Jones & Co. 1,083 1-Dec Nov-11 $8,837 $8.16 NNN $12.00 One 5-yr option $ 4,139 1-Jan Nov-07 $9,102 $ Dec Nov-08 $9,375 $8.66 $9,375 $ Dec Nov-09 $9,657 $ Dec Nov-10 $9,946 $ Dec Nov-11 $10,245 $9.46 Beau Ideal Salon 1,254 1-Oct Sep-11 $12,540 $10.00 $12,540 $10.00 NNN - 4% Escalations $12.00 None $ 4,793 Ann's Nails 1,425 1-Nov Sep-09 $11,756 $8.25 NNN $12.00 None $ 5,447 1-Oct Sep-08 $12,227 $8.58 $12,227 $ Oct Sep-09 $12,716 $8.92 Video USA 6,011 1-Sep Aug-13 $51,093 $8.50 $51,093 $8.50 NNN $9.00 Two 5-yr options $ 22,975 Techni - Sun 2,100 1-Sep Nov-09 $19,950 $9.50 NNN $10.00 None $ 8,027 1-Dec Nov-07 $21,000 $ Dec Nov-08 $21,000 $10.00 $21,000 $ Dec Nov-09 $21,000 $10.00 Snap Fitness 3,150 1-Aug Jul-11 $26,775 $8.50 NNN $9.00 None $ 9,355 1-Aug Jul-08 $27,311 $8.67 $27,311 $ Aug Jul-09 $27,857 $ Aug Jul-10 $28,414 $ Aug Jul-11 $28,982 $9.20 Domino's Pizza 1,050 1-Jul Jun-09 $11,834 $11.27 $11,834 $11.27 NNN, CPI-based increases $12.00 Three 3-yr options $ 4,013 Dollar General 8,234 1-May Apr-11 $33,996 $4.13 $33,996 $4.13 Gross Lease $7.50 None remaining $ Totals 89,224 $744,044 $8.34 Percentage Leased = 98.79%

6 Subject Property Subject Property Fitness Vacant US Agencies Central Thruway St. Vincent Fresh Market New Central Thruway to run adjacent to subject property Central Thruway

7 Historical Financials Projected INCOME Base Rent w/ 5% Vacancy (Property is 98.8% occupied) $ 567,989 $ 583,179 $ 595,352 $ 546,855 $ 729,041 Expense Reimbursements 118, , , , , Gross Potential Income $ 686,190 $ 745,742 $ 732,670 $ 722,304 $ 938,071 Vacancy (5%) (36,115) (46,904) Effective Rental Income $ 686,190 $ 745,742 $ 732,670 $ 686,189 $ 891,167 Percentage Rent* 41,116 27,915 30,491 42,695 42,695 Other Rental Income** 1,889 7,607 (2,523) 2, Effective Gross Income $ 729,195 $ 781,265 $ 760,638 $ 731,425 $ 933,862 EXPENS ES Mgmt Fee (4.0%) $ (36,000) $ (39,063) $ (38,032) (38,400) $ (38,400) Utilities (7,999) (8,530) (9,738) (9,987) (12,396) Insurance (56,992) (57,128) (55,007) (100,143) (66,242) Real Estate Taxes (70,978) (70,555) (24,494) (68,353) (57,627) CAM Expenses (33,941) (39,168) (14,229) (72,664) (63,885) Structural Reserves Total Expenses $ (205,910) $ (214,444) $ (141,499) $ (290,586) $ (238,550) Net Operating Income $ 523,285 $ 566,821 $ 619,139 $ 440,839 $ 695,312 **Other Rental Income from the historical financials represents flood insurance premiums that were accrued but ended up not having to be paid. The large credit balance in 2006 YTD effectively reverses the 2005 accruals.

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11 Greenwell Springs, LA Demographics Greenwell Springs Road Greenwell Springs, LA Estimates 3 Mile 5 Mile 7 Mile Total Population: 18,863 80, ,439 Total Households: 6,596 29,568 66,866 Avg. HH Income: $61,868 $55,803 $52,702 Med. HH Income: $54,355 $47,979 $44,281 Updates of 2000 Census Data by Claritas.

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13 DEMOGRAPHIC PROFILE 2000 Census, 2007 Estimates & 2012 Projections Calculated using Proportional Block Groups Lat/Lon: 30.51/ Greenwell Springs Road Greenwell Springs, Louisiana AGE HOUSEHOLDS POPULATION Nov mi radius 5.00 mi radius 7.00 mi radius 2007 Estimated Population 19,394 81, , Projected Population 19,169 81, , Census Population 19,909 81, , Census Population 18,862 75, ,162 Historical Annual Growth 1990 to % 0.4% 0.6% Projected Annual Growth 2007 to % 0.1% 0.2% 2007 Est. Households 6,918 30,157 68, Est. Households 6,950 30,470 69, Census Households 6,871 29,608 66, Census Households 6,174 26,558 58,709 Historical Annual Growth 1990 to % 0.8% 0.9% Projected Annual Growth 2007 to % 0.2% 0.3% 2007 Population 0 to 9 Years 14.3% 14.1% 14.1% 2007 Population 10 to 19 Years 14.9% 13.6% 13.5% 2007 Population 20 to 24 Years 5.4% 6.2% 6.9% 2007 Population 25 to 44 Years 27.7% 28.3% 28.5% 2007 Population 45 to 59 Years 23.3% 20.7% 20.2% 2007 Population 60 to 74 Years 10.7% 11.9% 11.4% 2007 Population 75 Years Plus 3.7% 5.1% 5.3% 2007 Est. Median Age MARITAL STATUS & SEX INCOME 2007 Male Population 48.6% 48.0% 47.8% 2007 Female Population 51.4% 52.0% 52.2% Married Base (15yrs+) 15,195 64, ,928 Never Married 23.1% 25.3% 27.6% Now Married 60.8% 54.3% 51.9% Separated, Divorced or Widowed 16.0% 20.4% 20.6% Households with Kids 44.5% 39.9% 37.8% Average Household Size Est. HH Income $200,000 or More 1.7% 1.6% 1.9% 2007 Est. HH Income $150,000 to 199, % 2.7% 2.7% 2007 Est. HH Income $100,000 to 149, % 11.7% 10.5% 2007 Est. HH Income $75,000 to 99, % 14.8% 13.4% 2007 Est. HH Income $50,000 to 74, % 22.0% 20.1% 2007 Est. HH Income $35,000 to 49, % 15.6% 15.3% 2007 Est. HH Income $25,000 to 34, % 11.5% 11.8% 2007 Est. HH Income $15,000 to 24, % 10.3% 11.2% 2007 Est. HH Income $0 to 14, % 9.8% 13.3% 2007 Est. Average Household Income $59,480 $55,577 $54, Est. Median Household Income $60,473 $53,982 $50, Est. Per Capita Income $21,345 $20,984 $21,092 Number of Businesses 535 2,878 8,075 Total Number of Employees 5,863 27,162 84,052 RACE 2007 Estimated Population 19,394 81, , Est. White Population 65.4% 66.0% 61.5% 2007 Est. Black or African American 31.2% 28.9% 34.4% 2007 Est. American Indian & Alaska Native 0.2% 0.2% 0.2% 2007 Est. Asian & Pacific Islander 1.7% 3.1% 2.2% 2007 Est. Two or more and Other Races 1.4% 1.8% 1.7%