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Revenues
12 Months Ended
Dec. 31, 2016
Revenues [Abstract]  
Revenues

Note 13. Revenues

Rents for 2016, 2015 and 2014, respectively, are comprised of the following:

 

 

 

Years ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

Base rents

 

$

114,655,000

 

 

$

112,319,000

 

 

$

110,739,000

 

Percentage rent

 

 

654,000

 

 

 

789,000

 

 

 

683,000

 

Straight-line rents

 

 

38,000

 

 

 

506,000

 

 

 

761,000

 

Amortization of intangible lease liabilities, net

 

 

2,751,000

 

 

 

3,125,000

 

 

 

4,322,000

 

Total rents

 

$

118,098,000

 

 

$

116,739,000

 

 

$

116,505,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Annual future base rents due to be received under non-cancelable operating leases in effect at December 31, 2016 are approximately as follows (excluding those base rents applicable to properties classified as real estate held for sale):

 

2017

 

$

101,880,000

 

2018

 

 

93,063,000

 

2019

 

 

79,220,000

 

2020

 

 

63,742,000

 

2021

 

 

49,311,000

 

Thereafter

 

 

213,217,000

 

 

 

$

600,433,000

 

 

 

 

 

 

Total future minimum rents do not include expense recoveries for real estate taxes and operating costs, or percentage rents based upon tenants’ sales volume. Such additional revenue amounts aggregated approximately $32.7 million, $32.6 million and $32.1 million for 2016, 2015 and 2014, respectively. Such amounts do not include amortization of intangible lease liabilities.