Subsequent Events	12 Months Ended
Dec. 31, 2012
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Investment in Real Estate Assets Subsequent to December 31, 2012, the Company acquired a 100% interest in three real estate properties for an aggregate purchase price of $4.1 million. The acquisitions were funded with proceeds from the Offering. Update to Advisory Agreement On February 8, 2013, the Company entered into an agreement with Cole Advisors (the “Advisory Agreement Amendment”) to amend the advisory agreement dated September 28, 2011. Among other things, the Advisory Agreement Amendment modifies the performance fee calculation methodology and provides that, in the event that the NAV per share of the Company’s common stock decreases below $15.00 (the “Base NAV”), the performance fee will not be calculated on any increase in NAV up to the Base NAV. In addition, the performance fee will not be paid with respect to any calendar year in which the NAV per share of the Company’s common stock, as of the last business day of such calendar year, is less than the Base NAV. These changes are effective as of January 1, 2013. Subject to these limitations, the performance fee will continue to be based on the Company’s annual total return to stockholders, such that for any calendar year in which the Company’s annual total return exceeds 6%, Cole Advisors will be entitled to 25% of the excess total return, but in no event will the performance fee exceed 10% of the annual total return for such calendar year. Multiple Class Offering On February 13, 2013, the Company filed a registration statement on Form S-11, Registration Statement No. 333-186656 (the “New Registration Statement”), to register the offer and sale of the existing class of the Company’s common stock, as well as two new classes of common stock. Contingent upon the effectiveness of the New Registration Statement, there will be certain changes that will impact existing and future shareholders. The Company will continue to sell shares under its existing registration statement before the effectiveness of the New Registration Statement. Status of the Offering As of March 26, 2013, the Company had received $26.0 million in gross offering proceeds through the issuance of approximately 1.7 million shares of its common stock in the Offering (including shares issued pursuant to the Company’s DRIP). Line of Credit Subsequent to December 31, 2012, the Company borrowed $1.1 million and repaid $5.8 million of the amounts outstanding under the Credit Facility. As of March 26, 2013, the Company had $16.0 million outstanding under the Credit Facility, with a weighted average interest rate of 2.8%, and $5.0 million available for borrowing. CCPT III/CHC Merger Agreement On March 5, 2013, Cole Credit Property Trust III, Inc. (“CCPT III”), CHC, CREInvestments, LLC, a Maryland limited liability company and a wholly owned subsidiary of CCPT III (“Merger Sub”) and Christopher H. Cole, entered into an Agreement and Plan of Merger (the “Merger Agreement”). The Merger Agreement provides for the merger of CHC with and into Merger Sub (the “Merger”) with the Merger Sub surviving and continuing as a wholly owned subsidiary of CCPT III. CHC is wholly-owned by Mr. Cole, the chairman of the board, chief executive officer and president of the Company and is an affiliate of the Company’s sponsor, the parent company and indirect owner of the Company’s advisor and the indirect owner of the Company’s property manager and dealer manager. The consummation of the Merger is subject to various conditions. Upon consummation of the Merger, CCPT III intends to list its shares of common stock on the New York Stock Exchange. Despite the indirect change of control that would occur for the Company’s advisor, property manager and dealer manager upon consummation of the Merger, the Company anticipates that such entities will continue to serve in their respective capacities to the Company without any Merger related changes in personnel.

SUBSEQUENT EVENTS

Investment in Real Estate Assets

Subsequent to December 31, 2012, the Company acquired a 100% interest in three real estate properties for an aggregate purchase price of $4.1 million. The acquisitions were funded with proceeds from the Offering.

Update to Advisory Agreement

On February 8, 2013, the Company entered into an agreement with Cole Advisors (the “Advisory Agreement Amendment”) to amend the advisory agreement dated September 28, 2011. Among other things, the Advisory Agreement Amendment modifies the performance fee calculation methodology and provides that, in the event that the NAV per share of the Company’s common stock decreases below $15.00 (the “Base NAV”), the performance fee will not be calculated on any increase in NAV up to the Base NAV. In addition, the performance fee will not be paid with respect to any calendar year in which the NAV per share of the Company’s common stock, as of the last business day of such calendar year, is less than the Base NAV. These changes are effective as of January 1, 2013. Subject to these limitations, the performance fee will continue to be based on the Company’s annual total return to stockholders, such that for any calendar year in which the Company’s annual total return exceeds 6%, Cole Advisors will be entitled to 25% of the excess total return, but in no event will the performance fee exceed 10% of the annual total return for such calendar year.

Multiple Class Offering

On February 13, 2013, the Company filed a registration statement on Form S-11, Registration Statement No. 333-186656 (the “New Registration Statement”), to register the offer and sale of the existing class of the Company’s common stock, as well as two new classes of common stock. Contingent upon the effectiveness of the New Registration Statement, there will be certain changes that will impact existing and future shareholders. The Company will continue to sell shares under its existing registration statement before the effectiveness of the New Registration Statement.

Status of the Offering

As of March 26, 2013, the Company had received $26.0 million in gross offering proceeds through the issuance of approximately 1.7 million shares of its common stock in the Offering (including shares issued pursuant to the Company’s DRIP).

Line of Credit

Subsequent to December 31, 2012, the Company borrowed $1.1 million and repaid $5.8 million of the amounts outstanding under the Credit Facility. As of March 26, 2013, the Company had $16.0 million outstanding under the Credit Facility, with a weighted average interest rate of 2.8%, and $5.0 million available for borrowing.

CCPT III/CHC Merger Agreement

On March 5, 2013, Cole Credit Property Trust III, Inc. (“CCPT III”), CHC, CREInvestments, LLC, a Maryland limited liability company and a wholly owned subsidiary of CCPT III (“Merger Sub”) and Christopher H. Cole, entered into an Agreement and Plan of Merger (the “Merger Agreement”). The Merger Agreement provides for the merger of CHC with and into Merger Sub (the “Merger”) with the Merger Sub surviving and continuing as a wholly owned subsidiary of CCPT III. CHC is wholly-owned by Mr. Cole, the chairman of the board, chief executive officer and president of the Company and is an affiliate of the Company’s sponsor, the parent company and indirect owner of the Company’s advisor and the indirect owner of the Company’s property manager and dealer manager. The consummation of the Merger is subject to various conditions. Upon consummation of the Merger, CCPT III intends to list its shares of common stock on the New York Stock Exchange.

Despite the indirect change of control that would occur for the Company’s advisor, property manager and dealer manager upon consummation of the Merger, the Company anticipates that such entities will continue to serve in their respective capacities to the Company without any Merger related changes in personnel.