PROPERTY DESCRIPTION Terminal 2 Rental Auto Parking Aerial 15066R-1-28 SHENEHON COMPANY 109 PROPERTY DESCRIPTION MAP – TERMINAL 2 RENTAL AUTO PARKING 15066R-1-28 SHENEHON COMPANY 110 PROPERTY DESCRIPTION PARCEL 25 – MEDICAL CLINIC Use: Medical Clinic Location: Northwest quadrant of 34th Ave South and Airport Lane Accessibility: Good, via 34th Avenue South Utilities: Municipal water, sanitary sewer, storm sewer, electricity, natural gas, and telephone Approximate Shapes: Rectangular Topography: Generally level and at grade with fronting street; well-drained Soils: Soils have not been tested but are assumed stable Improvements (Not Appraised): Medical office building, paving, concrete sidewalks, lighting, landscaping, and other various land improvements Apparent Easements or Restrictions: None revealed nor apparent which would adversely impact value. Refer to legal description of record for specific details of any possible easements or restrictions. Land Area: 158,929 square feet or 3.65 acres 15066R-1-28 SHENEHON COMPANY 111 PROPERTY DESCRIPTION PARCEL 25 – MEDICAL CLINIC – LEASE SUMMARY Property Classification: 2b. Commercial/rental auto land without percentage rent agreement Lessor: Metropolitan Airports Commission Lessee: Delta Airlines Subleasee: DRF Airport Medical LLC c/o Frauenshuh Companies Sub-subleasee: Health System Minnesota Leased Area: 158,929 square feet or 3.65 acres total Term: 30 years Lease Commencement: February 28, 2001 Lease End: January 31, 2031 Lessee Options to Extend: None stated in lease Current Annual Base Rent: $2,648.82 Current Annual Base Rent PSF: $0.20 Escalations: Metropolitan Airport Commission reserves the right to adjust up or down every 5th year in accordance with appraisal process beginning October 1, 2002. Expenses: All paid by Leasee, Subleasee, or Sub-subleasee 15066R-1-28 SHENEHON COMPANY 112 PROPERTY DESCRIPTION Parcel 25 15066R-1-28 SHENEHON COMPANY 113 PROPERTY DESCRIPTION MAP – PARCEL 25 15066R-1-28 SHENEHON COMPANY 114 PROPERTY DESCRIPTION PARCEL 26 – BUDGET RENT-A-CAR SERVICE SITE Use: Budget Rent-A-Car Service Car Facility Location: Northwest quadrant of 77th Street and Longfellow Avenue Accessibility: Good, via 77th Street Utilities: Municipal water, sanitary sewer, storm sewer, electricity, natural gas, and telephone Approximate Shapes: Teardrop Topography: Generally level and at grade with fronting street; well-drained Soils: Soils have not been tested but are assumed stable Improvements (Not Appraised): Service building, paving, lighting, landscaping, and other various land improvements Apparent Easements or Restrictions: None revealed nor apparent which would adversely impact value. Refer to legal description of record for specific details of any possible easements or restrictions. Land Area: 277,913 square feet or 6.38 acres 15066R-1-28 SHENEHON COMPANY 115 PROPERTY DESCRIPTION PARCEL 26 – BUDGET RENT-A-CAR SERVICE SITE – LEASE SUMMARY Property Classification: 2b. Commercial/rental auto without percentage rent Lessor: Metropolitan Airports Commission Lessee: Budget Rent-A-Car System, Inc. Leased Area: 277,913 square feet or 6.38 acres total Term: 12 years Lease Commencement: January 24, 2004 Lease End: December 31, 2016 Lessee Options to Extend: None stated in lease Current Annual Base Rent: $97,269.55 Current Annual Base Rent PSF: $0.35 Escalations: Metropolitan Airport Commission reserves the right to adjust up or down every 5th year in accordance with appraisal process. The first adjustment may occur no sooner than October 1, 2002. Expenses: All paid by Tenant 15066R-1-28 SHENEHON COMPANY 116 PROPERTY DESCRIPTION Parcel 26 15066R-1-28 SHENEHON COMPANY 117 PROPERTY DESCRIPTION MAP – PARCEL 26 15066R-1-28 SHENEHON COMPANY 118
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