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Income Property Portfolio

In 2020, the Company has acquired 29 single tenant net leased properties for $116.6 million with a weighted average going-in cash cap rate of 6.9%, exceeding its previously provided acquisition guidance of $110 million. Including the new Acquisitions, the Company’s portfolio now consists of 48 properties located in 34 markets and 18 states across 18 industries, with a weighted average remaining lease term of 8.5 years.

TenantTypeIndustryMSACredit Rating (1)Rentable Square Feet(2)ABR% (3)Remaining Lease Term (4)
Wells FargoOfficeFinancial ServicesPortland-Vancouver-Hillsboro, OR-WAA+212,36315%5.0
HiltonOfficeHospitalityOrlando-Kissimmee-Sanford, FLBB102,0199%6.0
WalmartRetailGroceryDetroit-Warren-Dearborn, MIAA 214,1727%6.1
LA FitnessRetailFitnessTampa-St. Petersburg-Clearwater, FLCCC+45,0005%11.4
Kohl'sRetailGeneral MerchandisePhoenix-Mesa-Scottsdale, AZBBB-87,8754%9.1
Hobby LobbyRetailGeneral MerchandiseTulsa, OKN/A84,1804%10.0
At HomeRetailHome FurnishingsRaleigh, NCB-116,3344%11.8
Container StoreRetailHome FurnishingsPhoenix-Mesa-Scottsdale, AZB-23,3293%9.2
HiltonOfficeHospitalityOrlando-Kissimmee-Sanford, FLBB31,8953%6.0
Century TheaterRetailEntertainmentReno, NVB+52,4743%4.0
Alpine ValleyRetailEntertainmentWhitewater-Elkhorn, WIB+03%12.3
Hobby LobbyRetailGeneral MerchandiseWinston-Salem, NCN/A55,0003%9.3
Hobby LobbyRetailGeneral MerchandiseAsheville, NCN/A55,0003%10.7
AMCRetailEntertainmentBoston-Cambridge-Newton, MA-NHCCC-39,4742%12.3
Dicks Sporting GoodsRetailSporting GoodsAtlanta-Sandy Springs-Roswell, GAN/A46,3152%3.1
Jo-Ann StoresRetailGeneral MerchandiseBoston-Cambridge-Newton, MA-NHCCC22,5002%8.1
Conn's RetailConsumer ElectronicsDallas-Fort Worth-Arlington, TXB-37,9572%10.7
Old Time PotteryRetailHome FurnishingsJacksonville, FLN/A84,1802%9.6
7-ElevenRetailConvenience StoreAustin-Round Rock, TXAA-6,4002%14.3
WalgreensRetailPharmacyBirmingham-Hoover, ALBBB14,5162%8.3
WalgreensRetailPharmacyAtlanta-Sandy Springs-Roswell, GABBB15,1202%4.9
Best BuyRetailConsumer ElectronicsAtlanta-Sandy Springs-Roswell, GABBB30,0382%5.3
Cross America (BP)RetailConvenience StoreCincinnati, OH-KY-INN/A2,5782%10.0
7-ElevenRetailConvenience StoreAustin-Round Rock, TXAA-7,7261%14.9
WalgreensRetailPharmacySeattle–Tacoma–Bellevue, WABBB14,1251%9.6
WalgreensRetailPharmacyAlbany, GABBB14,7701%12.1
OutbackRetailCasual DiningCharlotte-Concord-Gastonia, NC-SCB+6,2971%10.8
Scrubbles (Goo-Goo)RetailAutomotive ServiceJacksonville, FLN/A4,5121%16.9
CheddarsRetailCasual DiningJacksonville, FLBBB-8,1461%6.8
Family DollarRetailDollar StoresBoston-Cambridge-Newton, MA-NHBBB-9,2281%3.3
Advance Auto PartsRetailAutomotive PartsBaltimore-Columbia-Towson, MDBBB-6,8761%14.2
Dollar GeneralRetailDollar StoresKermit, TXBBB10,9201%14.7
Dollar GeneralRetailDollar StoresPlattsburgh, NYBBB9,2771%10.8
Dollar GeneralRetailDollar StoresOdessa, TXBBB9,1271%14.6
Dollar GeneralRetailDollar StoresHouston-The Woodlands-Sugar Land, TXBBB9,1381%14.6
Dollar GeneralRetailDollar StoresOgdensburg-Massena, NYBBB9,1671%10.7
Dollar GeneralRetailDollar StoresBangor, MEBBB9,1281%12.9
Dollar GeneralRetailDollar StoresBuffalo-Cheektowaga-Niagara Falls, NYBBB9,1991%12.7
Dollar GeneralRetailDollar StoresSomerset County, MEBBB9,3451%12.9
Dollar GeneralRetailDollar StoresLewis County, NYBBB9,3090%13.0
Dollar GeneralRetailDollar StoresOgdensburg-Massena, NYBBB9,3420%11.9
Dollar GeneralRetailDollar StoresBinghamton, NYBBB9,2750%13.0
Dollar GeneralRetailDollar StoresAroostook County, MEBBB9,1670%12.9
Freddy's Frozen CustardRetailQuick Service RestaurantJacksonville, FLN/A3,2000%6.0
Dollar GeneralRetailDollar StoresOgdensburg-Massena, NYBBB9,2190%12.0
Dollar GeneralRetailDollar StoresCollege Station-Bryan, TXBBB9,2520%14.5
Dollar GeneralRetailDollar StoresCincinnati, OH-KY-INBBB9,2900%9.5
Long John SilversRetailQuick Service RestaurantTulsa, OKN/A3,0000%0.2
TOTAL1,596,754102%8.5

(1) Tenant, or tenant parent, credit rating
(2) The Alpine Valley Music Theatre, leased to Live Nation Entertainment, Inc., is an entertainment venue consisting of a two-sided, open-air, 7,500-seat pavilion; an outdoor amphitheater with a capacity for 37,000; and over 150 acres of green space
(3) Annualized Straight-line Base Rental (“ABR”) is calculated based on our current portfolio as of December 21, 2020. Any differences a result of rounding.
(4) Remaining Lease Term as of December 21, 2020