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Income Property Portfolio

Alpine Income Property Trust, Inc. (NYSE: PINE) is a newly organized real estate company that owns and operates a high-quality portfolio of single-tenant commercial properties, all of which are leased on a long-term basis and located primarily in or in close proximity to major metropolitan statistical areas. Properties representing approximately 87% of PINE’s initial portfolio’s annualized base rent as of September 14, 2020 are leased on a triple-net basis.  PINE intends to elect to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes. Currently the company has 40 income properties totaling approximately 1,435,393 square feet, located in 17 states across the U.S

7-Eleven

Freddy’s Frozen Custard  & Steakhouse

Long John Silver’s

BP

TenantTypeIndustryMSACredit Rating (1)Rentable Square FeetABR% Remaining Lease Term
Wells FargoOfficeFinancial ServicesPortland-Vancouver-Hillsboro, OR-WAA+211,8630.175.5
Hilton-MetroWestOfficeHospitalityOrlando-Kissimmee-Sanford, FLBB+102,0190.16.4
LA FitnessRetailFitnessTampa-St. Petersburg-Clearwater, FLCCC+45,0000.0511.8
Hobby LobbyRetailLeisure RetailAsheville, NCN/A55,0000.0311.1
Wal-MartRetailLeisure RetailDetroit-Warren-Dearborn, MIAA214,1720.076.5
Hobby LobbyRetailLeisure RetailTulsa, OKN/A84,1800.0510.5
Container StoreRetailHome ImprovementPhoenix-Mesa-Scottsdale, AZB-23,3290.049.6
At HomeRetailHome GoodsRaleigh, NCCCC+116,3340.0412.2
Century TheaterRetailEntertainmentReno, NVBB-52,4740.044.2
Hilton-CambridgeOfficeHospitalityOrlando-Kissimmee-Sanford, FLBB+31,8950.046.4
Alpine ValleyRetailEntertainmentWhitewater-Elkhorn, WIBB--0.0312.7
Hobby LobbyRetailLeisure RetailWinston-Salem, NCN/A55,0000.039.7
AMCRetailEntertainmentBoston-Cambridge-Newton, MA-NHCCC-39,4740.0312.7
Dicks Sporting GoodsRetailLeisure RetailAtlanta-Sandy Springs-Roswell, GAN/A46,3150.033.5
Jo-Ann StoresRetailLeisure RetailBoston-Cambridge-Newton, MA-NHCCC22,5000.038.5
Conn'sRetailConsumer ElectronicsDallas-Fort Worth-Arlington, TXB37,9570.0211.1
Old Time PotteryRetailHome GoodsJacksonville, FLN/A84,1800.0210
7-ElevenRetailConvenience StoreAustin-Round Rock, TXAA-6,4000.0214.7
WalgreensRetailPharmacyBirmingham-Hoover, ALBBB14,5160.028.7
WalgreensRetailPharmacyAtlanta-Sandy Springs-Roswell, GABBB15,1200.025.3
Best BuyRetailConsumer ElectronicsAtlanta-Sandy Springs-Roswell, GABBB30,0380.025.7
Cross America (BP)RetailConvenience StoreCincinnati, OH-KY-INN/A2,5780.0210.4
OutbackRetailCasual DineCharlottesville, VABB-7,2160.0211.2
7-ElevenRetailConvenience StoreAustin-Round Rock, TXAA-7,7260.0214.8
WalgreensRetailPharmacyAlbany, GABBB14,7700.0112.5
OutbackRetailCasual DineCharlotte-Concord-Gastonia, NC-SCBB-6,2970.0111.2
Scrubbles (Goo-Goo)RetailCar WashJacksonville, FLN/A4,5120.0117.3
CheddarsRetailCasual DineJacksonville, FLBBB-8,1460.017.2
Family DollarRetailDiscountBoston-Cambridge-Newton, MA-NHBBB-9,2280.013.7
Freddy's Frozen CustardRetailQSRJacksonville, FLN/A3,2000.016.4
Long John SilversRetailQSRTulsa, OKN/A3,00000
Total/Weighted Average1,354,439100%8.48

(1) Tenant, or tenant parent, credit rated entity