1. Abatement hrg/Kmart Corp. - Laserfiche WebLink

Comparable Sales KM Store No. or Other State City Year Built Bldg. SF Land/Acres Sale Date Sales Price Price/SF Comments 3310 CO Longmont 1975 84,140 11.058 06/30/00 2,100,000 $ 24.96 Leased fee sale 4171 KS Wichita 1967 122,301 14.030 08/17/00 1,565,000 $ 12.80 Kmart purchased from owner/investor 3780 MN Marshall 1990 86,688 8.600 10/14/99 3,740,000 $ 43.14 Kmart purchased from owner/investor; sale included adjacent 2.7 ac of land Other MN Mankato 1972 131,879 12.880 12/01/99 1 ,475,000 $ 11.18 Fee simple, market transaction Other MN St. Paul 1972 115,492 12.730 08/01197 2,550,000 $ 22.07 Fee simple, market transaction; excess land included in sale 3779 MN New Ulm 1990 97,138 11.000 10/14/99 3,564,000 $ 36.69 Kmart purchased from owner/investor; other retail space included in sale 3777 MN Dundas 1990 86,479 8.640 02/01/98 3,862,740 $ 44.67 Leased Fee sale 3775 MN Detroit Lakes 1990 86,479 14.550 10/01/99 3,696,000 $ 42.74 Kmart purchased from owner/investor 3897 MN Anoka 1990 86,479 10.730 10/01/98 3,700,000 $ 42.78 Leased Fee sale Other MN Coon Rapids 1972 119,015 16.270 01/01/01 650,000 $ 5.46 Fee simple, market transaction - - - --.. .. .- .-- As the attached data indicates, there were very few "fee simple" sales of large, free-standing retail stores in the Midwest states. (Arms length transactions, between unrelated parties). Most sales were "leased fee" wherein the buyer is purchasing the stream of future rental payments from Kmart or others, and not basing the purchase price on the fee simple interest of the properties.