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Major Tenants
9 Months Ended
Sep. 30, 2012
Major Tenants [Abstract]  
Major Tenants

Note 4:   Major Tenants

 

NPAMLP’s primary anchor tenants are Sun Microsystems (the tenant at the tenant-in-common property), Sears Holdings Corporation and its subsidiaries (“Sears”) and CVS Corporation (“CVS”). The number of locations, gross leasable area (“GLA”) and percentage of minimum rent for these tenants for the nine-month period ended September 30, 2012 and 2011 are detailed in the table below. As of September 30, 2012, Sears had outstanding balances on one of its five locations, totaling $10. Neither Sun Microsystems nor CVS had outstanding balances due under any leases with NPAMLP at September 30, 2012.

 

    As of September 30, 2012     As of September 30, 2011  
Tenant   No. of
Locations
    GLA     % of
Minimum
Rent
    No. of
Locations
    GLA     % of
Minimum
Rent
 
Sun Microsystems     1       249,832       28 %     1       249,832       26 %
Sears     5       497,445       15 %     6       619,120       17 %
CVS     5       56,770       10 %     5       56,770       15 %