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Herberger's <br />Back Into Rent <br />WeatAaea shopping Center <br />2004 <br />2005 <br />2008 <br />2007 <br />Square Footage <br />104,838 <br />5.24°~ $121.3 <br />3.94% $128.1 <br />7.42% $135.4 <br />-2.21% 5132.4 <br />-5.35% 99b $125.3 <br />Six Year <br />'Baas Rent ---- -- - - - 6.14 <br />Tiered Rent <br />0.00% $0.00 To $989.00 = 50.00 <br />0.00% $0.00 To $0.00 = 50.00 <br />0 00% $0.00 To $0.00 = $0.00 <br />- $8.14 <br />SQFT Rent PSF Rent <br />104,838 X $8.14 = $643=705 _ <br />POTENTIAL GROSS INCOME $843,705 <br />LESS; VACANCY & CREDIT LOSS ~ 5.00% ($32,185) <br />EFFECTIVE GROSS INCOME $611,520 <br />EXPENSES <br /> 5.00% (530,578) <br />NET OPERATING INCOME 5580,944 <br />CAPITALIZATION RATE 8.50% <br />Indicated Value $8,834,838 <br />