CCPT IV Supplement No 2

The registration statement for our initial public offering of 300,000,000 shares of common stock was declared effective by the Securities and Exchange Commission on January 26, 2012. Of these shares, we are offering up to 250,000,000 shares in a primary offering and up to 50,000,000 shares pursuant to our distribution reinvestment plan. As of May 3, 2013, we had accepted investors’ subscriptions for, and issued, approximately 53.6 million shares of our common stock in the offering (including shares issued pursuant to our distribution reinvestment plan), resulting in gross proceeds to us of approximately $533.7 million.

We will offer shares of our common stock pursuant to the offering until January 26, 2014, unless all shares being offered have been sold, in which case the offering will be terminated. If all of the shares we are offering in the offering have not been sold by January 26, 2014, we may extend the offering as permitted under applicable law. In addition, at the discretion of our board of directors, we may elect to extend the termination date of our offering of shares reserved for issuance pursuant to our distribution reinvestment plan until we have sold all shares allocated to such plan through the reinvestment of distributions, in which case participants in the plan will be notified. The offering must be registered in every state in which we offer or sell shares. Generally, such registrations are for a period of one year. Thus, we may have to stop selling shares in any state in which our registration is not renewed or otherwise extended annually. We reserve the right to terminate this offering at any time prior to the stated termination date.



				Rentable
		Number of		Square	Purchase
Property Description	Type	Tenants	Tenant(s)	Feet (1)	Price
Tractor Supply – Stuttgart, AR	Home and Garden	1	Tractor Supply Company	19,097	$	2,785,715
Walgreens – Birmingham, AL	Drugstore	1	Walgreen Co.	13,076	7,113,675
Dollar General – Alliance, NE	Discount Store	1	Dolgencorp, LLC	9,026	1,008,297
Sunoco – Various (2)	Convenience Store	11	Sunoco, Inc. (R&M)	32,923	26,143,542
Waterford Park South – Clarksville, IN	Shopping Center	9	Various	91,971	13,400,000
The Plant – San Jose, CA (3)	Shopping Center	59	Various	509,614	203,100,000
Natural Grocers – Lubbock, TX	Grocery	1	Vitamin Cottage Natural Food Markets, Inc.	15,185	5,250,000
Kum & Go – Various (4)	Convenience Store	4	Kum & Go, LC	19,947	10,996,000
				710,839	$	269,797,229




(1)		Includes square feet of buildings that are on land subject to ground leases.
(2)		The Sunoco portfolio consists of nine single-tenant properties and one multi-tenant property with two tenants,
		all of which are located in Florida.
(3)		This real property investment was previously disclosed in Supplement No. 1 dated May 1, 2013.
(4)		The Kum & Go portfolio consists of four single-tenant properties located in Arkansas, Iowa and Missouri.

As of May 3, 2013, we, through separate wholly–owned limited liability companies and limited partnerships, owned 141 properties located in 30 states, consisting of approximately 4.2 million gross rentable square feet of commercial space. The properties generally were acquired through the use of proceeds from our initial public offering and from available borrowings. We acquired 20 properties between April 5, 2013 and May 3, 2013, which are listed below in order of their date of acquisition.



		Year	Purchase		Fees Paid to		Initial		Average		Physical
Property Description	Date Acquired	Built	Price		Sponsor (1)		Yield (2)		Yield (3)		Occupancy
Tractor Supply – Stuttgart, AR	April 5, 2013	2013	$	2,785,715	$	55,714	7.00	%	7.73	%	100	%
Walgreens – Birmingham, AL	April 9, 2013	2012	7,113,675		142,274		6.15	%	6.15	%	100	%
Dollar General – Alliance, NE	April 9, 2013	2013	1,008,297		20,166		7.40	%	7.47	%	100	%
Sunoco – Cocoa, FL	April 12, 2013	1987	1,851,544		37,031		7.45	%	8.97	%	100	%
Sunoco – Lake Worth, FL	April 12, 2013	2011	2,971,647		59,433		7.25	%	9.97	%	100	%
Sunoco – Merritt Island, FL	April 12, 2013	1986	2,120,134		42,403		7.70	%	9.28	%	100	%
Sunoco – Palm Beach Gardens, FL	April 12, 2013	2009	4,844,321		96,886		7.75	%	9.64	%	100	%
Sunoco – Palm City, FL	April 12, 2013	2011	2,939,975		58,800		7.25	%	9.90	%	100	%
Sunoco – Sebastian, FL	April 12, 2013	2009	3,029,487		60,590		7.35	%	9.17	%	100	%
Sunoco – Titusville (Garden), FL	April 12, 2013	2009	3,709,652		74,193		7.35	%	9.25	%	100	%
Sunoco – Titusville (Sisson), FL	April 12, 2013	1986	1,851,544		37,031		7.94	%	9.52	%	100	%
Sunoco – West Palm Beach (Forest Hill), FL	April 12, 2013	1977	1,366,333		27,327		7.46	%	8.98	%	100	%
Sunoco – West Palm Beach, FL	April 12, 2013	1999	1,458,905		29,178		7.47	%	8.99	%	100	%
Waterford Park South – Clarksville, IN	April 12, 2013	2006	13,400,000		268,000		6.53	%	8.39	%	100	%
The Plant – San Jose, CA (4)	April 15, 2013	2008	203,100,000		4,062,000		7.09	%	8.12	%	95	%
Natural Grocers – Lubbock, TX	April 22, 2013	2013	5,250,000		105,000		7.79	%	7.89	%	100	%
Kum & Go – Urbandale, IA	May 3, 2013	2010	2,624,000		52,480		7.15	%	8.10	%	100	%
Kum & Go – Mount Vernon, MO	May 3, 2013	2010	2,711,000		54,220		7.15	%	8.11	%	100	%
Kum & Go – Fairfield, IA	May 3, 2013	2011	2,607,000		52,140		7.14	%	8.06	%	100	%
Kum & Go – Bentonville, AR	May 3, 2013	2011	3,054,000		61,080		7.15	%	8.09	%	100	%
			$	269,797,229	$	5,395,946




(1)		Fees paid to sponsor are payments made to an affiliate of our advisor for acquisition fees in connection with the
		property acquisition. For more detailed information on fees paid to our advisor or its affiliates, see the section
		captioned “Management Compensation” beginning on page 79 of the prospectus.
(2)		Initial yield is calculated as the effective annualized rental income, adjusted for any rent concessions or abatements,
		if any, for the in-place leases at the respective property divided by the property purchase price, exclusive of
		acquisition costs and acquisition fees paid to our advisor or its affiliates. In general, our properties are subject to
		long-term triple net or double net leases, and the future costs associated with the double net leases are unpredictable
		and may reduce the yield. We expect the majority of our properties will be subject to triple net leases. Accordingly,
		our management believes that effective annualized rental income is a more appropriate figure from which to
		calculate initial yield than net operating income.
(3)		Average yield is calculated as the average annual rental income, adjusted for any rent concessions or abatements, if
		any, for the in-place leases over the non-cancelable lease term at the respective property divided by the property
		purchase price, exclusive of acquisition costs and acquisition fees paid to our advisor or its affiliates. In general,
		our properties are subject to long-term triple net or double net leases, and the future costs associated with the
		double net leases are unpredictable and may reduce the yield. We expect the majority of our properties will be
		subject to triple net leases. Accordingly, our management believes that average annual rental income is a more
		appropriate figure from which to calculate average yield than net operating income.
(4)		This real property investment was previously disclosed in Supplement No. 1 dated May 1, 2013.



								Effective
		Total	% of Total		Effective			Base
		Square	Rentable	Renewal	Annual			Rent per
	Major	Feet	Square	Options	Base			Square
Property	Tenants (1)	Leased	Feet	(2)	Rent (3)			Foot (3)		Lease Term (4)
Tractor Supply – Stuttgart,	Tractor Supply	19,097	100%	4/5 yr.	$	195,000		$	10.21	4/5/2013	-	1/31/2018
AR	Company				214,500			11.23		2/1/2018	-	1/31/2023
					235,950			12.36		2/1/2023	-	1/31/2028
Walgreens – Birmingham, AL	Walgreen Co.	13,076	100%	(5)	437,491			33.46		4/9/2013	-	9/30/2037
Dollar General – Alliance,	Dolgencorp, LLC	9,026	100%	4/5 yr.	74,616			8.27		4/9/2013	-	2/28/2023
NE					76,848			8.51		3/1/2023	-	2/29/2028
Sunoco – Cocoa, FL	Sunoco, Inc. (R&M)	4,500	100%	3/5 yr.	137,940		(6)	30.65		4/12/2013	-	3/31/2027
Sunoco – Lake Worth, FL	Sunoco, Inc. (R&M)	3,380	100%	3/5 yr.	215,444		(6)	63.74		4/12/2013	-	3/18/2031
Sunoco – Merritt Island, FL	Sunoco, Inc. (R&M)	3,341	100%	3/5 yr.	163,350		(6)	48.89		4/12/2013	-	3/31/2027
Sunoco – Palm Beach Gardens, FL	Sunoco, Inc. (R&M)	2,344	100%	3/5 yr.	375,514		(6)	160.20		4/12/2013	-	2/26/2029
Sunoco – Palm City, FL	Sunoco, Inc. (R&M)	3,511	100%	3/5 yr.	213,148		(6)	60.71		4/12/2013	-	8/4/2031
Sunoco – Sebastian, FL	Sunoco, Inc. (R&M)	3,391	100%	3/5 yr.	222,667		(6)	65.66		4/12/2013	-	4/30/2029
Sunoco – Titusville (Garden), FL	Sunoco, Inc. (R&M)	3,389	100%	3/5 yr.	272,659		(6)	80.45		4/12/2013	-	8/18/2029
Sunoco – Titusville (Sisson), FL	Sunoco, Inc. (R&M)	3,663	80%	3/5 yr.	137,940		(6)	37.66		4/12/2013	-	3/31/2027
Sunoco – West Palm Beach (Forest Hill), FL	Sunoco, Inc. (R&M)	1,610	100%	3/5 yr.	101,942		(6)	63.32		4/12/2013	-	3/31/2027
Sunoco – West Palm Beach, FL	Sunoco, Inc. (R&M)	2,894	100%	3/5 yr.	108,900		(6)	37.63		4/12/2013	-	3/31/2027



								Effective
		Total	% of Total		Effective			Base
		Square	Rentable	Renewal	Annual			Rent per
	Major	Feet	Square	Options	Base			Square
Property	Tenants (1)	Leased	Feet	(2)	Rent (3)			Foot (3)		Lease Term (4)
Waterford Park South –	Ross Dress for	27,623	30%	4/5 yr.	$	255,513		$	9.25	6/10/2014	-	1/31/2019
Clarksville, IN	Less, Inc.				269,324			9.75		2/1/2019	-	1/31/2024
	Michaels Stores,	21,811	24%	4/5 yr.	208,579			9.56		4/12/2013	-	2/28/2015
	Inc.				221,615			10.16		3/1/2015	-	2/29/2020
	PetSmart, Inc.	20,087	22%	6/5 yr.	271,175			13.50		4/12/2013	-	1/31/2017
					276,196			13.75		2/1/2017	-	1/31/2022
The Plant – San Jose, CA	Home Depot,	141,021	28%	1/10 yr.	3,384,504			24.00		4/15/2013	-	1/31/2014
	U.S.A., Inc.			& 2/5 yr.	3,807,567			27.00		2/1/2014	-	1/31/2019
					4,284,218			30.38		2/1/2019	-	1/31/2024
					4,820,098			34.18		2/1/2024	-	1/31/2029
					5,422,257			38.45		2/1/2029	-	1/31/2034
	Toys “R” Us -	64,850	13%	3/5 yr.	1,569,370			24.20		4/15/2013	-	1/31/2018
	Delaware, Inc.				1,726,307			26.62		2/1/2018	-	1/31/2023
Natural Grocers – Lubbock,	Vitamin Cottage	15,185	100%	4/5 yr.	409,236			26.95		4/22/2013	-	3/31/2023
TX	Natural Food Markets, Inc.				424,421			27.95		4/1/2023	-	7/31/2028
Kum & Go – Urbandale, IA	Kum & Go, LC	4,962	100%	4/5 yr.	187,500		(7)	37.79		5/3/2013	-	12/22/2030
Kum & Go – Mount Vernon, MO	Kum & Go, LC	4,950	100%	4/5 yr.	193,750		(7)	39.14		5/3/2013	-	12/22/2030
Kum & Go – Fairfield, IA	Kum & Go, LC	5,008	100%	4/5 yr.	186,250		(7)	37.19		5/3/2013	-	10/31/2031
Kum & Go – Bentonville, AR	Kum & Go, LC	5,027	100%	4/5 yr.	218,400		(7)	43.45		5/3/2013	-	3/31/2031





(1)		Major tenants include those tenants that occupy greater than 10% of the rentable square feet of the respective
		property.
(2)		Represents number of renewal options and the term of each option.
(3)		Effective annual base rent and effective base rent per square foot includes adjustments for rent concessions or
		abatements, if any.
(4)		Represents lease term beginning with the later of the purchase date or the rent commencement date through the
		end of the non-cancelable lease term, assuming no renewals are exercised. In general, these properties are subject
		to long-term triple or double net leases that require the tenants to pay substantially all operating expenses in
		addition to base rent.
(5)		Lease continues for 50 years following the end of the non-cancelable portion of the lease term, provided that the
		tenant has the right to terminate the lease as of the last day of any month during such 50-year period upon
		12-months’ prior notice.
(6)		The annual base rent under the lease increases every three years by 10% of the then-current annual base rent.
(7)		The annual base rent under the lease increases every five years by 7.5% of the then-current annual base rent.



	Number of	Square	Total Annual		% of Total
Year Ending December 31,	Leases Expiring	Feet Expiring	Base Rent Expiring		Annual Base Rent
2013	6	22,211	$	475,335	1	%
2014	14	37,391	950,934		1	%
2015	14	35,110	736,680		1	%
2016	15	30,493	751,337		1	%
2017	18	96,607	2,735,049		4	%
2018	22	116,922	3,721,512		5	%
2019	14	130,338	2,734,859		4	%
2020	13	248,449	3,884,225		5	%
2021	16	56,782	1,820,437		2	%
2022	20	367,533	4,996,551		7	%
2023	24	529,952	8,394,338		11	%
Thereafter	123	2,437,224	43,480,590		58	%
	299	4,109,012	$	74,681,847	100	%

For federal income tax purposes, the aggregate depreciable basis in the 20 recently-acquired properties described in this prospectus supplement is approximately $221.2 million. When we calculate depreciation expense for federal income tax purposes, we depreciate buildings and improvements over a 40-year recovery period, land improvements over a 20-year recovery period and furnishings and equipment over a 12-year recovery period using a straight-line method and a mid-month convention. The preliminary depreciable basis in these 20 properties is estimated, as of May 3, 2013, as follows:



Wholly–owned Property	Depreciable Tax Basis
Tractor Supply – Stuttgart, AR	$	2,284,286
Walgreens – Birmingham, AL	5,833,214
Dollar General – Alliance, NE	826,804
Sunoco – Cocoa, FL	1,518,266
Sunoco – Lake Worth, FL	2,436,751
Sunoco – Merritt Island, FL	1,738,510
Sunoco – Palm Beach Gardens, FL	3,972,343
Sunoco – Palm City, FL	2,410,780
Sunoco – Sebastian, FL	2,484,179
Sunoco – Titusville (Garden), FL	3,041,915
Sunoco – Titusville (Sisson), FL	1,518,266
Sunoco – West Palm Beach (Forest Hill), FL	1,196,302
Sunoco – West Palm Beach, FL	1,120,393
Waterford Park South – Clarksville, IN	10,988,000
The Plant – San Jose, CA	166,542,000
Natural Grocers – Lubbock, TX	4,305,000
Kum & Go – Urbandale, IA	2,151,680
Kum & Go – Mount Vernon, MO	2,223,020
Kum & Go – Fairfield, IA	2,137,740
Kum & Go – Bentonville, AR	2,504,280
	$	221,233,729

The Second Modification Agreement contains customary representations, warranties and borrowing conditions. CCPT IV OP paid certain fees under the Second Modification Agreement, including an up-front fee. Other than the modified terms described above, the material terms of the Bridge Facility, as modified by the Modified Bridge Credit Agreement, remain unchanged. As of May 3, 2013, CCPT IV OP had approximately $91.5 million outstanding under the Bridge Facility and, based on the underlying collateral pool for qualified unencumbered properties, approximately $3.1 million available for borrowing.

Our advisor has identified certain properties as potential suitable investments for us. The acquisition of each such property is subject to a number of conditions. A significant condition to acquiring any one of these properties is our ability to raise sufficient proceeds in this offering to pay all or a portion of the purchase price, including any expenses or closing costs in connection with closing the acquisitions. An additional condition to acquiring these properties may be securing debt financing to pay the balance of the purchase price. Such financing may not be available on acceptable terms or at all.



					Approximate
		Expected	Approximate		Fees to be Paid
Property		Acquisition Date	Purchase Price		to Sponsor (1)
Academy Sports – Valdosta, GA		May 2013	$	9,790,000	$	195,800
Walgreens – Kannapolis, NC		May 2013	7,741,935		154,839
Home Depot – Plainwell, MI		May 2013	13,389,430		267,789
LA Fitness – Mesa, AZ		May 2013	11,100,000		222,000
Dollar General/General Market – Various (2)		May 2013	5,238,432		104,769
Summerfield Crossing – Riverview, FL		May 2013	13,900,000		278,000
Hancock Village – Chesterfield, VA		May 2013	28,500,000		570,000
Fargo Plaza – Fargo, ND		May 2013	6,980,219		139,604
Warrenton Highlands – Warrenton, OR		May 2013	8,650,000		173,000
			$	105,290,016	$	2,105,801


(1)	Approximate fees to be paid to sponsor upon closing represent amounts payable to an affiliate of our advisor for acquisition fees in connection with the property acquisition.
(2)	The Dollar General/General Market portfolio consists of four single-tenant properties located in North Carolina,
	Alabama and Georgia.



	Number of		Rentable	Physical
Property	Tenants	Tenant(s)	Square Feet	Occupancy
Academy Sports – Valdosta, GA	1	New Academy Finance Company LLC	71,690	100%
Walgreens – Kannapolis, NC	1	Walgreen Co.	13,650	100%
Home Depot – Plainwell, MI	1	Home Depot USA, Inc.	96,801	100%
LA Fitness – Mesa, AZ	1	LA Fitness International, LLC	57,500	100%
Dollar General/General Market – Various (1)	4	Dolgencorp, LLC	36,178	100%
Summerfield Crossing – Riverview, FL	3	Various	113,500	100%
Hancock Village – Chesterfield, VA	25	Various	153,854	100%
Fargo Plaza – Fargo, ND	3	Various	93,143	97%
Warrenton Highlands – Warrenton, OR	6	Various	44,504	96%
			680,820



			Effective			Effective
		Renewal	Annual			Base Rent
		Options	Base			per Square
Property	Major Tenants (1)	(2)	Rent (3)			Foot (3)		Lease Term (4)
Academy Sports – Valdosta, GA	New Academy Finance	3/5 yr.	$	734,823		$	10.25	9/28/2012	-	1/31/2018
	Company LLC		770,829			10.75		2/1/2018	-	1/31/2023
			807,058			11.26		2/1/2023	-	1/31/2028
Walgreens – Kannapolis, NC	Walgreen Co.	10/5 yr.	480,000			35.16		10/1/2012	-	9/30/2032
Home Depot – Plainwell, MI	Home Depot USA, Inc.	4/5 yr.	823,450		(5)	8.51		2/1/2022	-	1/31/2026
LA Fitness – Mesa, AZ	LA Fitness International, LLC	3/5 yr.	862,500		(6)	15.00		1/27/2011	-	1/31/2026
Dollar General – Various	Dolgencorp, LLC	5/5 yr.	369,580			10.22		12/1/2012	-	11/30/2027
Summerfield Crossing – Riverview,	Bealls Department	5/5 yr.	760,000			9.50		4/1/2013	-	4/30/2014
FL	Store, Inc.		800,000			10.00		5/1/2014	-	4/30/2019
			840,000			10.50		5/1/2019	-	4/30/2024
	Marshalls of MA, Inc.	4/5 yr.	210,000			8.75		4/1/2013	-	1/31/2024
Hancock Village – Chesterfield, VA	Hobby Lobby Stores,	3/5 yr.	420,375			7.50		10/1/2011	-	10/31/2016
	Inc.		448,400			8.00		11/1/2016	-	10/31/2021
			476,425			8.50		11/1/2021	-	10/31/2026
	Dicks Sporting Goods,	4/5 yr.	500,290			10.00		10/1/2011	-	1/31/2017
	Inc.		525,305			10.50		2/1/2017	-	1/31/2022
Fargo Plaza – Fargo, ND	Hobby Lobby Stores, Inc.	2/5 yr.	375,000			6.25		9/1/2003	-	8/31/2023
	Dollar Tree Stores, Inc.	2/5 yr.	95,756			5.92		10/1/2005	-	9/30/2015
	Kirkland’s Stores, Inc.	2/5 yr.	111,213			7.75		1/1/2013	-	1/31/2018
			122,334			8.53		2/1/2018	-	1/31/2023
Warrenton Highlands – Warrenton, OR	Staples the Office Superstore, LLC	3/5 yr.	215,835			15.00		12/1/2010	-	1/31/2021
	Petco Animal Supplies Stores, Inc.	4/5 yr.	146,875			12.50		11/26/2011	-	1/31/2022
	Dollar Tree Stores, Inc.	3/5 yr.	126,000			14.00		1/1/2010	-	3/31/2021





(1)		Major tenants include those tenants that occupy greater than 10% of the rentable square feet of the property.
(2)		Represents number of renewal options and the term of each option.
(3)		Effective annual base rent and effective base rent per square foot include adjustments for rent concessions or abatements, if any.
(4)		Represents lease term beginning with the current rent period through the end of the non-cancelable lease term, assuming no renewals are exercised.
(5)		The annual base rent under the lease increases annually by 2% of the then-current annual base rent.
(6)		The annual base rent under the lease increases every five years by the lesser of the cumulative percentage increase in the Consumer Price Index over the preceding five-year period or 10% of the then-current annual base rent.



(1)		the status of the offering of shares of Cole Credit Property Trust IV, Inc.;
(2)		recent real property investments and placement of debt on certain real property investments; and
(3)		potential real property investments.