INCOME PROPERTIES (Tables)

12 Months Ended

Dec. 31, 2018

INCOME PROPERTIES

Schedule of income properties acquired

.  The properties acquired during the year ended December 31, 2018 are described below:

Tenant Description	Tenant Type	Property Location	Date of Acquisition	Property Square-Feet	Property Acres	Purchase Price			Percentage Leased		Remaining Lease Term (in years)
Master Tenant for Commercial Building	Single-Tenant	Aspen, CO	02/21/18	19,596	0.18	$	28,000,000	(1)		100%		20.0
Fidelity Investments (affiliate of)	Single-Tenant	Albuquerque, NM	10/04/18	210,067	26.25		44,000,000			100%		10.2
Chase Bank (Ground Lease)	Single-Tenant	Jacksonville, FL	10/10/18	3,614	0.73		5,432,500			100%		19.0
Cheddar's Scratch Kitchen (Ground Lease)	Single-Tenant	Jacksonville, FL	10/10/18	8,146	1.05		2,608,017			100%		9.0
Chuy's (Ground Lease)	Single-Tenant	Jacksonville, FL	10/10/18	7,950	1.24		6,086,957			100%		13.9
Firebirds Wood Fired Grill (Ground Lease)	Single-Tenant	Jacksonville, FL	10/10/18	6,948	1.03		4,441,080			100%		9.1
Moe's Southwest Grill (Ground Lease)	Single-Tenant	Jacksonville, FL	10/10/18	3,111	0.98		2,309,958			100%		19.2
PDQ (Ground Lease)	Single-Tenant	Jacksonville, FL	10/10/18	3,366	1.64		2,309,958			100%		8.8
Scrubbles Car Wash (Ground Lease)	Single-Tenant	Jacksonville, FL	10/10/18	4,512	1.62		2,491,429			100%		19.1
Wawa (Ground Lease)	Single-Tenant	Jacksonville, FL	10/10/18	6,267	2.16		6,666,667			100%		19.3
Macaroni Grill	Single-Tenant	Arlington, TX	12/20/18	8,123	1.70		2,290,000			100%		15.0
	Total / Weighted Average			281,700		$	106,636,566					14.4

(1)In conjunction with the acquisition of the property in Aspen, Colorado, the master tenant contributed approximately $1.5 million of the purchase price, resulting in a net cash investment by the Company of approximately $26.5 million. The $1.5 million purchase price contribution is reflected as deferred revenue and will be accreted into income property rental revenue over the term of the lease.