NETSTREIT Corp
For the period ended Dec 31, 2023. Filed Feb 14, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 14, 2024
NTST$18.91-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Schedule III - Real Estate and Accumulated Depreciation
| NETSTREIT Corp. | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Schedule III - Real Estate and Accumulated Depreciation | |||||||||||||||||
| December 31, 2023 | |||||||||||||||||
| (Dollars in thousands) | |||||||||||||||||
| Description · Initial Cost to Company · Cost Capitalized Subsequent to Acquisition(1) · Gross Amount as of December 31, 2023(2), (3) | |||||||||||||||||
| Industry · City · State · Encumbrances · Land · Building and Improvements · Land · Building and Improvements · Land · Building and Improvements · Total · Accumulated Depreciation(3), (4) · Date of Construction · Date Acquired(5) · Life on Which Depreciation in Statements of Operations and Comprehensive Income is Computed | |||||||||||||||||
| Apparel | Indianola | IA | $— | $312 | $686 | $— | $— | $312 | $686 | $998 | $(124) | 2013 | 12/23/2019 | 6 | to | 31 | Years |
| Apparel | Rio Grande City | TX | — | 640 | 831 | — | — | 640 | 831 | 1,471 | (154) | 2005 | 12/23/2019 | 6 | to | 28 | Years |
| Apparel | Laredo | TX | — | 590 | 1,207 | — | — | 590 | 1,207 | 1,797 | (202) | 2010 | 12/23/2019 | 6 | to | 32 | Years |
| Apparel | Odessa | TX | — | 599 | 1,086 | — | — | 599 | 1,086 | 1,685 | (177) | 2012 | 12/23/2019 | 6 | to | 32 | Years |
| Auto Parts | New Richmond | WI | — | 67 | 1,191 | — | — | 67 | 1,191 | 1,258 | (169) | 2013 | 12/23/2019 | 9 | to | 32 | Years |
| Automotive Service | Colorado Springs | CO | — | 429 | 1,056 | — | 196 | 429 | 1,252 | 1,681 | (253) | 1978 | 12/23/2019 | 10 | to | 19 | Years |
| Banking | Elizabethtown | PA | — | 1,264 | 1,486 | — | — | 1,264 | 1,486 | 2,750 | (280) | 1916 | 12/23/2019 | 9 | to | 22 | Years |
| Banking | Atco | NJ | — | 686 | 1,941 | — | — | 686 | 1,941 | 2,627 | (362) | 1920 | 12/23/2019 | 9 | to | 22 | Years |
| Banking | Vineland | NJ | — | 620 | 270 | — | — | 620 | 270 | 890 | (85) | 1973 | 12/23/2019 | 9 | to | 15 | Years |
| Casual Dining | Greensburg | IN | — | 924 | 1,521 | — | — | 924 | 1,521 | 2,445 | (223) | 2007 | 12/23/2019 | 8 | to | 32 | Years |
| Discount Retail | Holland | MI | — | 1,865 | 4,833 | — | — | 1,865 | 4,833 | 6,698 | (878) | 1994 | 12/23/2019 | 6 | to | 26 | Years |
| Dollar Stores | Norman | OK | — | 417 | 836 | — | — | 417 | 836 | 1,253 | (129) | 2013 | 12/23/2019 | 9 | to | 33 | Years |
| Dollar Stores | Windham | OH | — | 332 | 834 | — | — | 332 | 834 | 1,166 | (132) | 2013 | 12/23/2019 | 9 | to | 31 | Years |
| Dollar Stores | McComb | OH | — | 209 | 868 | — | — | 209 | 868 | 1,077 | (134) | 2013 | 12/23/2019 | 9 | to | 32 | Years |
| Dollar Stores | Birmingham | OH | — | 210 | 939 | — | — | 210 | 939 | 1,149 | (144) | 2013 | 12/23/2019 | 9 | to | 32 | Years |
| Dollar Stores | Brookfield | MA | — | 468 | 1,149 | — | — | 468 | 1,149 | 1,617 | (168) | 2014 | 12/23/2019 | 9 | to | 33 | Years |
| Dollar Stores | Friedens | PA | — | 311 | 931 | — | — | 311 | 931 | 1,242 | (148) | 2014 | 12/23/2019 | 10 | to | 30 | Years |
| Dollar Stores | Strawberry Point | IA | — | 304 | 852 | — | — | 304 | 852 | 1,156 | (129) | 2016 | 12/23/2019 | 12 | to | 32 | Years |
| Dollar Stores | Belgrade | MN | — | 414 | 746 | — | — | 414 | 746 | 1,160 | (134) | 2016 | 12/23/2019 | 12 | to | 27 | Years |
| Dollar Stores | Lake City | IA | — | 250 | 848 | — | — | 250 | 848 | 1,098 | (129) | 2016 | 12/23/2019 | 12 | to | 32 | Years |
| Dollar Stores | Bogue Chitto | MS | — | 105 | 963 | — | — | 105 | 963 | 1,068 | (143) | 2013 | 12/23/2019 | 9 | to | 33 | Years |
| Dollar Stores | Hurley | MS | — | 246 | 1,249 | — | — | 246 | 1,249 | 1,495 | (187) | 2013 | 12/23/2019 | 9 | to | 33 | Years |
| Dollar Stores | Meridian | MS | — | 287 | 940 | — | — | 287 | 940 | 1,227 | (138) | 2014 | 12/23/2019 | 10 | to | 33 | Years |
| Dollar Stores | Buckatunna | MS | — | 136 | 938 | — | — | 136 | 938 | 1,074 | (138) | 2014 | 12/23/2019 | 10 | to | 33 | Years |
| Dollar Stores | Cleveland | TX | — | 209 | 809 | — | — | 209 | 809 | 1,018 | (123) | 2014 | 12/23/2019 | 10 | to | 33 | Years |
| Dollar Stores | Fox Lake | WI | — | 212 | 882 | — | — | 212 | 882 | 1,094 | (126) | 2018 | 12/23/2019 | 14 | to | 34 | Years |
| Drug Stores & Pharmacies | Fredericksburg | VA | — | 3,551 | 2,951 | — | — | 3,551 | 2,951 | 6,502 | (384) | 2008 | 12/23/2019 | 14 | to | 33 | Years |
| Drug Stores & Pharmacies | Indianapolis | IN | — | 2,410 | 2,377 | — | — | 2,410 | 2,377 | 4,787 | (359) | 2003 | 12/23/2019 | 9 | to | 29 | Years |
| Drug Stores & Pharmacies | Amelia | OH | — | 1,170 | 1,517 | — | — | 1,170 | 1,517 | 2,687 | (278) | 1999 | 12/23/2019 | 10 | to | 23 | Years |
| Drug Stores & Pharmacies | Clanton | AL | — | 630 | 1,604 | — | — | 630 | 1,604 | 2,234 | (231) | 2004 | 12/23/2019 | 10 | to | 31 | Years |
| Drug Stores & Pharmacies | Franklin | TN | — | 2,164 | 1,848 | — | — | 2,164 | 1,848 | 4,012 | (261) | 2004 | 12/23/2019 | 10 | to | 31 | Years |
| Drug Stores & Pharmacies | Hanover | IN | — | 727 | 1,076 | — | — | 727 | 1,076 | 1,803 | (206) | 2004 | 12/23/2019 | 15 | to | 22 | Years |
| Drug Stores & Pharmacies | Hurricane | WV | — | 956 | 1,139 | — | — | 956 | 1,139 | 2,095 | (215) | 2004 | 12/23/2019 | 15 | to | 22 | Years |
| Drug Stores & Pharmacies | Montgomery | AL | — | 1,150 | 1,932 | — | — | 1,150 | 1,932 | 3,082 | (270) | 2004 | 12/23/2019 | 15 | to | 31 | Years |
| Drug Stores & Pharmacies | Warrior | AL | — | 369 | 1,640 | — | — | 369 | 1,640 | 2,009 | (231) | 2004 | 12/23/2019 | 15 | to | 31 | Years |
| Drug Stores & Pharmacies | Waterford Charter Township | MI | — | 3,256 | 2,152 | — | — | 3,256 | 2,152 | 5,408 | (334) | 2004 | 12/23/2019 | 15 | to | 27 | Years |
| Drug Stores & Pharmacies | Canton | GA | — | 658 | 1,789 | — | — | 658 | 1,789 | 2,447 | (277) | 2004 | 12/23/2019 | 15 | to | 27 | Years |
| Drug Stores & Pharmacies | Austin | MN | — | 1,121 | 2,451 | — | — | 1,121 | 2,451 | 3,572 | (388) | 1989 | 12/23/2019 | 10 | to | 27 | Years |
| Drug Stores & Pharmacies | Albuquerque | NM | — | 3,744 | 3,019 | — | — | 3,744 | 3,019 | 6,763 | (397) | 2010 | 12/23/2019 | 15 | to | 33 | Years |
| Drug Stores & Pharmacies | Savannah | GA | — | 1,746 | 1,651 | — | — | 1,746 | 1,651 | 3,397 | (229) | 1998 | 12/23/2019 | 14 | to | 31 | Years |
| Equipment Rental and Leasing | Idaho Falls | ID | — | 177 | 856 | — | — | 177 | 856 | 1,033 | (164) | 2007 | 12/23/2019 | 6 | to | 26 | Years |
| Farm Supplies | Llano | TX | — | 634 | 1,389 | — | — | 634 | 1,389 | 2,023 | (287) | 2012 | 12/23/2019 | 6 | to | 28 | Years |
| Farm Supplies | Ballard | UT | — | 519 | 2,609 | — | — | 519 | 2,609 | 3,128 | (395) | 2015 | 12/23/2019 | 10 | to | 32 | Years |
| Farm Supplies | Wellington | OH | — | 308 | 1,986 | — | 10 | 308 | 1,996 | 2,304 | (299) | 2017 | 12/23/2019 | 13 | to | 34 | Years |
| Farm Supplies | Ottawa | OH | — | 409 | 2,031 | — | — | 409 | 2,031 | 2,440 | (302) | 2017 | 12/23/2019 | 13 | to | 34 | Years |
| Furniture Stores | College Station | TX | — | 1,561 | 4,626 | — | — | 1,561 | 4,626 | 6,187 | (675) | 2006 | 12/23/2019 | 9 | to | 31 | Years |
| Furniture Stores | Jacksonville | FL | — | 1,087 | 2,723 | — | — | 1,087 | 2,723 | 3,810 | (382) | 1995 | 12/23/2019 | 9 | to | 32 | Years |
| Gift, Novelty, and Souvenir Shops | Little Rock | AR | — | 560 | 1,788 | — | — | 560 | 1,788 | 2,348 | (232) | 2012 | 12/23/2019 | 11 | to | 34 | Years |
| Description · Initial Cost to Company · Cost Capitalized Subsequent to Acquisition(1) · Gross Amount as of December 31, 2023(2), (3) | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Industry · City · State · Encumbrances · Land · Building and Improvements · Land · Building and Improvements · Land · Building and Improvements · Total · Accumulated Depreciation(3), (4) · Date of Construction · Date Acquired(5) · Life on Which Depreciation in Statements of Operations and Comprehensive Income is Computed | |||||||||||||||||
| Grocery | Memphis | TN | — | 1,864 | 2,958 | — | — | 1,864 | 2,958 | 4,822 | (712) | 1987 | 12/23/2019 | 8 | to | 18 | Years |
| Home Furnishings | Smyrna | TN | — | 454 | 1,029 | — | — | 454 | 1,029 | 1,483 | (140) | 2011 | 12/23/2019 | 9 | to | 34 | Years |
| Home Improvement | Pagosa Springs | CO | — | 324 | 1,364 | — | — | 324 | 1,364 | 1,688 | (183) | 2009 | 12/23/2019 | 4 | to | 33 | Years |
| Home Improvement | Chattanooga | TN | — | 1,789 | 2,007 | — | — | 1,789 | 2,007 | 3,796 | (356) | 2000 | 12/23/2019 | 7 | to | 28 | Years |
| Home Improvement | Spartanburg | SC | — | 329 | 464 | — | 34 | 329 | 498 | 827 | (83) | 1994 | 12/23/2019 | 6 | to | 26 | Years |
| Home Improvement | Indian Land | SC | — | 468 | 705 | — | 16 | 468 | 721 | 1,189 | (110) | 2007 | 12/23/2019 | 6 | to | 31 | Years |
| Home Improvement | Lexington | NC | — | 2,991 | 4,172 | — | — | 2,991 | 4,172 | 7,163 | (1,215) | 1997 | 12/23/2019 | 6 | to | 15 | Years |
| Home Improvement | Macon | GA | — | 1,861 | 8,377 | — | 16 | 1,861 | 8,393 | 10,254 | (1,528) | 1997 | 12/23/2019 | 7 | to | 25 | Years |
| Quick Service Restaurants | Junction City | KS | — | 473 | 840 | — | — | 473 | 840 | 1,313 | (140) | 1986 | 12/23/2019 | 15 | to | 25 | Years |
| Quick Service Restaurants | Jackson | MS | — | 728 | 577 | — | — | 728 | 577 | 1,305 | (98) | 1978 | 12/23/2019 | 15 | to | 25 | Years |
| Quick Service Restaurants | Phenix City | AL | — | 727 | 800 | — | — | 727 | 800 | 1,527 | (105) | 2017 | 12/23/2019 | 15 | to | 34 | Years |
| Quick Service Restaurants | Grovetown | GA | — | 1,005 | 1,232 | — | — | 1,005 | 1,232 | 2,237 | (166) | 2013 | 12/23/2019 | 14 | to | 32 | Years |
| Quick Service Restaurants | Snead | AL | — | 1,271 | 781 | — | — | 1,271 | 781 | 2,052 | (126) | 1997 | 12/23/2019 | 15 | to | 26 | Years |
| Quick Service Restaurants | Red Bay | AL | — | 931 | 1,154 | — | — | 931 | 1,154 | 2,085 | (158) | 2012 | 12/23/2019 | 15 | to | 33 | Years |
| Quick Service Restaurants | Hueytown | AL | — | 1,019 | 1,011 | — | — | 1,019 | 1,011 | 2,030 | (147) | 2007 | 12/23/2019 | 15 | to | 30 | Years |
| Quick Service Restaurants | Sedalia | MO | — | 750 | 774 | — | 16 | 750 | 790 | 1,540 | (113) | 2007 | 12/23/2019 | 7 | to | 30 | Years |
| Quick Service Restaurants | Shawnee | OK | — | 712 | 684 | — | 122 | 712 | 806 | 1,518 | (102) | 2006 | 12/23/2019 | 7 | to | 30 | Years |
| Home Improvement | Sioux City | IA | — | 253 | 796 | — | — | 253 | 796 | 1,049 | (135) | 2000 | 12/31/2019 | 15 | to | 24 | Years |
| Discount Retail | Flint | MI | — | 554 | 4,982 | — | — | 554 | 4,982 | 5,536 | (586) | 1996 | 1/7/2020 | 8 | to | 35 | Years |
| Convenience Stores | North Little Rock | AR | — | 705 | 174 | — | 1,590 | 705 | 1,764 | 2,469 | (193) | 1962 | 1/14/2020 | 4 | to | 35 | Years |
| Quick Service Restaurants | Wood River | IL | — | 1,707 | — | — | — | 1,707 | — | 1,707 | — | 2006 | 1/24/2020 | ||||
| Arts & Crafts | Fairfield | OH | — | 1,571 | 5,005 | — | — | 1,571 | 5,005 | 6,576 | (592) | 2015 | 1/27/2020 | 11 | to | 35 | Years |
| Quick Service Restaurants | Fort Smith | AR | — | 1,989 | 2,345 | — | — | 1,989 | 2,345 | 4,334 | (325) | 2019 | 1/31/2020 | 14 | to | 34 | Years |
| Automotive Service | Oswego | IL | — | 2,417 | 1,209 | — | — | 2,417 | 1,209 | 3,626 | (205) | 2008 | 2/3/2020 | 7 | to | 35 | Years |
| Grocery | Meyersdale | PA | — | 1,449 | 3,348 | — | 41 | 1,449 | 3,389 | 4,838 | (535) | 2010 | 2/4/2020 | 10 | to | 30 | Years |
| Home Improvement | Paintsville | KY | — | 7,712 | — | — | — | 7,712 | — | 7,712 | — | 1992 | 2/4/2020 | ||||
| Casual Dining | Brandon | MS | — | 903 | 1,793 | — | — | 903 | 1,793 | 2,696 | (283) | 1997 | 2/5/2020 | 9 | to | 35 | Years |
| Automotive Service | Merrill | WI | — | 189 | 307 | — | — | 189 | 307 | 496 | (61) | 1992 | 2/10/2020 | 9 | to | 22 | Years |
| Automotive Service | Prattville | AL | — | 305 | 352 | — | — | 305 | 352 | 657 | (70) | 1998 | 2/10/2020 | 6 | to | 25 | Years |
| Automotive Service | New London | WI | — | 301 | 448 | — | — | 301 | 448 | 749 | (98) | 1998 | 2/10/2020 | 6 | to | 20 | Years |
| Automotive Service | Crawfordville | FL | — | 322 | 537 | — | — | 322 | 537 | 859 | (78) | 1998 | 2/10/2020 | 10 | to | 34 | Years |
| Automotive Service | Quincy | FL | — | 419 | 587 | — | — | 419 | 587 | 1,006 | (83) | 1989 | 2/10/2020 | 11 | to | 34 | Years |
| Automotive Service | Live Oak | FL | — | 474 | 589 | — | — | 474 | 589 | 1,063 | (82) | 2000 | 2/10/2020 | 14 | to | 35 | Years |
| Automotive Service | Wisconsin Rapids | WI | — | 488 | 488 | — | — | 488 | 488 | 976 | (62) | 1985 | 2/10/2020 | 13 | to | 35 | Years |
| Discount Retail | Longview | TX | — | 703 | 2,490 | — | — | 703 | 2,490 | 3,193 | (376) | 1994 | 3/26/2020 | 10 | to | 30 | Years |
| Discount Retail | Mishawaka | IN | — | 382 | 4,697 | — | — | 382 | 4,697 | 5,079 | (527) | 1985 | 3/26/2020 | 10 | to | 35 | Years |
| Discount Retail | Augusta | GA | — | 1,569 | 2,202 | — | 211 | 1,569 | 2,413 | 3,982 | (469) | 1985 | 3/26/2020 | 10 | to | 20 | Years |
| Convenience Stores | North Little Rock | AR | — | 1,283 | 1,043 | — | 835 | 1,283 | 1,878 | 3,161 | (303) | 1989 | 4/3/2020 | 20 | to | 35 | Years |
| Discount Retail | Tupelo | MS | — | 992 | 1,986 | — | — | 992 | 1,986 | 2,978 | (381) | 1994 | 4/3/2020 | 4 | to | 30 | Years |
| Auto Parts | Roswell | NM | — | 151 | 1,136 | — | — | 151 | 1,136 | 1,287 | (143) | 1960 | 4/13/2020 | 8 | to | 35 | Years |
| Discount Retail | Waco | TX | — | 1,403 | 2,613 | — | — | 1,403 | 2,613 | 4,016 | (440) | 1986 | 4/17/2020 | 4 | to | 30 | Years |
| Dollar Stores | Baltimore | MD | — | 380 | 1,746 | — | — | 380 | 1,746 | 2,126 | (212) | 1945 | 5/6/2020 | 10 | to | 35 | Years |
| General Retail | Newark | NY | — | 593 | 7,635 | — | 134 | 593 | 7,769 | 8,362 | (2,065) | 1991 | 5/6/2020 | 10 | to | 20 | Years |
| General Retail | Riverdale | GA | — | 2,564 | 10,179 | — | — | 2,564 | 10,179 | 12,743 | (2,111) | 1995 | 5/8/2020 | 6 | to | 21 | Years |
| Dollar Stores | Chicago | IL | — | 424 | 982 | — | — | 424 | 982 | 1,406 | (130) | 1944 | 5/20/2020 | 7 | to | 30 | Years |
| Discount Retail | College Station | TX | — | 819 | 1,756 | — | — | 819 | 1,756 | 2,575 | (397) | 1993 | 6/8/2020 | 8 | to | 23 | Years |
| Convenience Stores | Lindale | TX | — | 1,343 | 3,018 | — | — | 1,343 | 3,018 | 4,361 | (378) | 2011 | 6/15/2020 | 15 | to | 35 | Years |
| Convenience Stores | Lindale | TX | — | 1,875 | 3,176 | — | — | 1,875 | 3,176 | 5,051 | (400) | 2005 | 6/15/2020 | 15 | to | 35 | Years |
| Convenience Stores | Tyler | TX | — | 2,646 | 3,218 | — | — | 2,646 | 3,218 | 5,864 | (413) | 2009 | 6/15/2020 | 15 | to | 35 | Years |
| Convenience Stores | Tyler | TX | — | 798 | 1,283 | — | — | 798 | 1,283 | 2,081 | (165) | 1990 | 6/15/2020 | 15 | to | 35 | Years |
| Convenience Stores | Tyler | TX | — | 550 | 1,186 | — | — | 550 | 1,186 | 1,736 | (147) | 1994 | 6/15/2020 | 15 | to | 35 | Years |
| Convenience Stores | Tyler | TX | — | 3,415 | 1,647 | — | — | 3,415 | 1,647 | 5,062 | (219) | 1984 | 6/15/2020 | 15 | to | 35 | Years |
| Description · Initial Cost to Company · Cost Capitalized Subsequent to Acquisition(1) · Gross Amount as of December 31, 2023(2), (3) | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Industry · City · State · Encumbrances · Land · Building and Improvements · Land · Building and Improvements · Land · Building and Improvements · Total · Accumulated Depreciation(3), (4) · Date of Construction · Date Acquired(5) · Life on Which Depreciation in Statements of Operations and Comprehensive Income is Computed | |||||||||||||||||
| Convenience Stores | Brownsboro | TX | — | 1,170 | 2,020 | — | — | 1,170 | 2,020 | 3,190 | (253) | 1999 | 6/15/2020 | 15 | to | 35 | Years |
| Convenience Stores | Chandler | TX | — | 1,732 | 4,813 | — | — | 1,732 | 4,813 | 6,545 | (648) | 2013 | 6/15/2020 | 8 | to | 35 | Years |
| Convenience Stores | Chandler | TX | — | 1,176 | 2,216 | — | — | 1,176 | 2,216 | 3,392 | (339) | 1993 | 6/15/2020 | 6 | to | 35 | Years |
| Convenience Stores | Chandler | TX | — | 1,839 | 1,771 | — | — | 1,839 | 1,771 | 3,610 | (262) | 1987 | 6/15/2020 | 7 | to | 35 | Years |
| Healthcare | Jacksonville | FL | — | 1,175 | 2,666 | — | 34 | 1,175 | 2,700 | 3,875 | (375) | 2016 | 6/19/2020 | 10 | to | 35 | Years |
| Healthcare | Jacksonville | FL | — | 1,427 | 3,504 | — | — | 1,427 | 3,504 | 4,931 | (469) | 2016 | 6/19/2020 | 10 | to | 35 | Years |
| Home Improvement | La Quinta | CA | — | 2,616 | 5,785 | — | 27 | 2,616 | 5,812 | 8,428 | (1,273) | 2005 | 6/19/2020 | 10 | to | 20 | Years |
| Auto Parts | West Peoria | IL | — | 179 | 711 | — | — | 179 | 711 | 890 | (123) | 1995 | 6/29/2020 | 6 | to | 31 | Years |
| Auto Parts | Penn Hills | PA | — | 297 | 631 | — | — | 297 | 631 | 928 | (123) | 1995 | 6/29/2020 | 8 | to | 29 | Years |
| Auto Parts | St. Louis | MO | — | 271 | 970 | — | — | 271 | 970 | 1,241 | (152) | 1998 | 6/29/2020 | 9 | to | 35 | Years |
| Auto Parts | Breckenridge Hills | MO | — | 94 | 878 | — | — | 94 | 878 | 972 | (107) | 1999 | 6/29/2020 | 9 | to | 35 | Years |
| Auto Parts | Brunswick | GA | — | 540 | 848 | — | — | 540 | 848 | 1,388 | (133) | 2000 | 6/29/2020 | 9 | to | 35 | Years |
| Auto Parts | Fort Pierce | FL | — | 217 | 934 | — | — | 217 | 934 | 1,151 | (140) | 1997 | 6/29/2020 | 10 | to | 35 | Years |
| Auto Parts | Lakeland | FL | — | 408 | 1,005 | — | — | 408 | 1,005 | 1,413 | (144) | 1999 | 6/29/2020 | 10 | to | 35 | Years |
| Auto Parts | Orlando | FL | — | 746 | 672 | — | — | 746 | 672 | 1,418 | (115) | 1999 | 6/29/2020 | 9 | to | 33 | Years |
| Auto Parts | Titusville | FL | — | 990 | 586 | — | — | 990 | 586 | 1,576 | (102) | 1998 | 6/29/2020 | 9 | to | 35 | Years |
| Auto Parts | Claxton | GA | — | 95 | 877 | — | — | 95 | 877 | 972 | (110) | 1999 | 6/29/2020 | 10 | to | 35 | Years |
| Auto Parts | Griffin | GA | — | 255 | 851 | — | — | 255 | 851 | 1,106 | (123) | 1999 | 6/29/2020 | 9 | to | 35 | Years |
| Auto Parts | Gonzales | LA | — | 557 | 698 | — | — | 557 | 698 | 1,255 | (96) | 2000 | 6/29/2020 | 7 | to | 35 | Years |
| Auto Parts | Bay St. Louis | MS | — | 376 | 684 | — | — | 376 | 684 | 1,060 | (107) | 1999 | 6/29/2020 | 8 | to | 35 | Years |
| Auto Parts | Brookhaven | MS | — | 143 | 893 | — | — | 143 | 893 | 1,036 | (109) | 1998 | 6/29/2020 | 9 | to | 35 | Years |
| Auto Parts | Laurel | MS | — | 147 | 1,026 | — | — | 147 | 1,026 | 1,173 | (127) | 1998 | 6/29/2020 | 9 | to | 35 | Years |
| General Retail | Tupelo | MS | — | 2,817 | 7,341 | — | — | 2,817 | 7,341 | 10,158 | (1,770) | 1992 | 7/2/2020 | 6 | to | 20 | Years |
| Home Improvement | Orland Park | IL | — | 6,155 | 8,729 | — | 15 | 6,155 | 8,744 | 14,899 | (1,690) | 1993 | 7/2/2020 | 7 | to | 21 | Years |
| Wholesale Warehouse Club | Tupelo | MS | — | 2,233 | 4,460 | — | 342 | 2,233 | 4,802 | 7,035 | (1,088) | 1992 | 7/2/2020 | 6 | to | 20 | Years |
| Auto Parts | Barton | VT | — | 111 | 395 | — | 11 | 111 | 406 | 517 | (86) | 1890 | 8/28/2020 | 6 | to | 20 | Years |
| Auto Parts | Newport | NH | — | 141 | 431 | — | 39 | 141 | 470 | 611 | (121) | 1979 | 8/28/2020 | 5 | to | 17 | Years |
| Auto Parts | St. Albans | VT | — | 161 | 459 | — | — | 161 | 459 | 620 | (90) | 1999 | 8/28/2020 | 7 | to | 24 | Years |
| Auto Parts | Colebrook | NH | — | 193 | 524 | — | — | 193 | 524 | 717 | (107) | 1984 | 8/28/2020 | 7 | to | 21 | Years |
| Auto Parts | Lancaster | NH | — | 159 | 334 | — | — | 159 | 334 | 493 | (73) | 1970 | 8/28/2020 | 6 | to | 20 | Years |
| Auto Parts | Morristown | VT | — | 187 | 661 | — | — | 187 | 661 | 848 | (112) | 1962 | 8/28/2020 | 6 | to | 25 | Years |
| Auto Parts | Bradford | VT | — | 114 | 373 | — | 35 | 114 | 408 | 522 | (84) | 1973 | 8/28/2020 | 8 | to | 20 | Years |
| Home Improvement | Salem | VA | — | 4,615 | 16,885 | — | — | 4,615 | 16,885 | 21,500 | (2,225) | 2010 | 9/14/2020 | 10 | to | 33 | Years |
| Dollar Stores | Little Rock | AR | — | 269 | 775 | — | 43 | 269 | 818 | 1,087 | (113) | 2009 | 9/28/2020 | 9 | to | 35 | Years |
| Auto Parts | Belpre | OH | — | 375 | 924 | — | — | 375 | 924 | 1,299 | (127) | 2014 | 9/30/2020 | 8 | to | 35 | Years |
| Auto Parts | Springfield | OH | — | 241 | 751 | — | — | 241 | 751 | 992 | (118) | 1997 | 9/30/2020 | 5 | to | 32 | Years |
| Auto Parts | Milwaukee (Fond du Lac Ave) | WI | — | 485 | 1,101 | — | — | 485 | 1,101 | 1,586 | (136) | 2004 | 9/30/2020 | 6 | to | 35 | Years |
| Auto Parts | Wisconsin Rapids | WI | — | 400 | 988 | — | — | 400 | 988 | 1,388 | (130) | 2004 | 9/30/2020 | 6 | to | 35 | Years |
| Auto Parts | Ebensburg | PA | — | 281 | 615 | — | 57 | 281 | 672 | 953 | (119) | 1997 | 9/30/2020 | 6 | to | 27 | Years |
| Auto Parts | Lewistown | PA | — | 182 | 835 | — | — | 182 | 835 | 1,017 | (112) | 1997 | 9/30/2020 | 8 | to | 35 | Years |
| Auto Parts | Ledgewood | NJ | — | 703 | 1,433 | — | — | 703 | 1,433 | 2,136 | (178) | 2016 | 9/30/2020 | 11 | to | 35 | Years |
| Auto Parts | Egg Harbor Township | NJ | — | 514 | 1,970 | — | — | 514 | 1,970 | 2,484 | (244) | 2014 | 9/30/2020 | 9 | to | 35 | Years |
| Auto Parts | Quarryville | PA | — | 613 | 1,561 | — | — | 613 | 1,561 | 2,174 | (184) | 2017 | 9/30/2020 | 10 | to | 35 | Years |
| Auto Parts | Ballston Spa | NY | — | 207 | 1,272 | — | — | 207 | 1,272 | 1,479 | (163) | 2014 | 9/30/2020 | 9 | to | 35 | Years |
| Auto Parts | Manchester | PA | — | 558 | 1,047 | — | — | 558 | 1,047 | 1,605 | (152) | 2014 | 9/30/2020 | 9 | to | 35 | Years |
| Auto Parts | Myerstown | PA | — | 392 | 1,219 | — | 9 | 392 | 1,228 | 1,620 | (161) | 2015 | 9/30/2020 | 9 | to | 35 | Years |
| Auto Parts | Gettysburg | PA | — | 492 | 1,353 | — | — | 492 | 1,353 | 1,845 | (178) | 2016 | 9/30/2020 | 10 | to | 35 | Years |
| Auto Parts | Middle River | MD | — | 608 | 1,430 | — | — | 608 | 1,430 | 2,038 | (182) | 2016 | 9/30/2020 | 9 | to | 35 | Years |
| Dollar Stores | Petersburg | VA | — | 349 | 1,311 | — | — | 349 | 1,311 | 1,660 | (163) | 2019 | 9/30/2020 | 10 | to | 35 | Years |
| Dollar Stores | Queensbury | NY | — | 234 | 1,381 | — | — | 234 | 1,381 | 1,615 | (177) | 2015 | 9/30/2020 | 10 | to | 35 | Years |
| Home Improvement | Fargo | ND | — | 524 | 787 | — | — | 524 | 787 | 1,311 | (113) | 2014 | 9/30/2020 | 4 | to | 35 | Years |
| Auto Parts | Odessa | TX | — | 219 | 732 | — | — | 219 | 732 | 951 | (95) | 2005 | 10/1/2020 | 10 | to | 35 | Years |
| Description · Initial Cost to Company · Cost Capitalized Subsequent to Acquisition(1) · Gross Amount as of December 31, 2023(2), (3) | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Industry · City · State · Encumbrances · Land · Building and Improvements · Land · Building and Improvements · Land · Building and Improvements · Total · Accumulated Depreciation(3), (4) · Date of Construction · Date Acquired(5) · Life on Which Depreciation in Statements of Operations and Comprehensive Income is Computed | |||||||||||||||||
| Auto Parts | Demoote | IN | — | 391 | 942 | — | — | 391 | 942 | 1,333 | (121) | 2008 | 10/1/2020 | 11 | to | 35 | Years |
| Auto Parts | Greenwood | SC | — | 189 | 405 | — | 191 | 189 | 596 | 785 | (110) | 1967 | 10/1/2020 | 6 | to | 20 | Years |
| Farm Supplies | Weatherford | OK | — | 1,198 | 2,033 | — | — | 1,198 | 2,033 | 3,231 | (362) | 2008 | 10/13/2020 | 10 | to | 29 | Years |
| Auto Parts | Marianna | FL | — | 302 | 1,677 | — | — | 302 | 1,677 | 1,979 | (193) | 2020 | 10/14/2020 | 10 | to | 35 | Years |
| Auto Parts | Warner Robins | GA | — | 500 | 1,247 | — | — | 500 | 1,247 | 1,747 | (149) | 2006 | 10/30/2020 | 10 | to | 35 | Years |
| Dollar Stores | Pittsburgh | PA | — | 729 | 1,291 | — | — | 729 | 1,291 | 2,020 | (172) | 2017 | 10/30/2020 | 10 | to | 35 | Years |
| Consumer Electronics | Reynoldsburg | OH | — | 1,683 | 4,873 | — | 14 | 1,683 | 4,887 | 6,570 | (654) | 2004 | 11/9/2020 | 7 | to | 35 | Years |
| Healthcare | Allen | TX | — | 453 | 1,525 | — | 15 | 453 | 1,540 | 1,993 | (214) | 2008 | 11/24/2020 | 10 | to | 33 | Years |
| Discount Retail | Spokane Valley | WA | — | 1,494 | 4,067 | — | — | 1,494 | 4,067 | 5,561 | (525) | 1997 | 12/1/2020 | 6 | to | 30 | Years |
| Equipment Rental and Leasing | LeGrange | GA | — | 669 | 970 | — | — | 669 | 970 | 1,639 | (126) | 2018 | 12/3/2020 | 8 | to | 33 | Years |
| Auto Parts | Little Rock | AR | — | 286 | 873 | — | — | 286 | 873 | 1,159 | (96) | 2002 | 12/9/2020 | 9 | to | 35 | Years |
| Drug Stores & Pharmacies | Semmes | AL | — | 737 | 818 | — | — | 737 | 818 | 1,555 | (125) | 1999 | 12/11/2020 | 7 | to | 25 | Years |
| Grocery | Beekman | NY | — | 3,785 | 7,139 | — | — | 3,785 | 7,139 | 10,924 | (821) | 1996 | 12/16/2020 | 5 | to | 33 | Years |
| Dollar Stores | Johnstown | PA | — | 153 | 1,234 | — | — | 153 | 1,234 | 1,387 | (139) | 2016 | 12/18/2020 | 9 | to | 35 | Years |
| Auto Parts | Bellows Falls | VT | — | 55 | 817 | — | 27 | 55 | 844 | 899 | (99) | 1949 | 12/21/2020 | 8 | to | 30 | Years |
| Auto Parts | Enosburg Falls | VT | — | 138 | 802 | — | — | 138 | 802 | 940 | (116) | 1895 | 12/21/2020 | 11 | to | 24 | Years |
| Auto Parts | South Barre | VT | — | 295 | 566 | — | — | 295 | 566 | 861 | (87) | 1965 | 12/21/2020 | 8 | to | 31 | Years |
| Consumer Electronics | Heath | OH | — | 1,205 | 2,348 | — | 53 | 1,205 | 2,401 | 3,606 | (360) | 1998 | 12/21/2020 | 4 | to | 30 | Years |
| General Retail | Kingston | MA | — | 3,950 | — | — | — | 3,950 | — | 3,950 | — | 2002 | 12/23/2020 | ||||
| Discount Retail | Terre Haute | IN | — | 940 | 2,525 | — | — | 940 | 2,525 | 3,465 | (428) | 1989 | 12/28/2020 | 6 | to | 22 | Years |
| Grocery | Rowlett | TX | — | 1,654 | 2,882 | — | — | 1,654 | 2,882 | 4,536 | (344) | 1997 | 12/28/2020 | 8 | to | 35 | Years |
| Grocery | Dallas | TX | — | 1,611 | 2,123 | — | — | 1,611 | 2,123 | 3,734 | (225) | 1987 | 12/29/2020 | 10 | to | 35 | Years |
| Quick Service Restaurants | Warner Robins | GA | — | 2,279 | — | — | — | 2,279 | — | 2,279 | — | 2020 | 12/29/2020 | ||||
| Dollar Stores | Chester | PA | — | 697 | 876 | — | — | 697 | 876 | 1,573 | (188) | 1996 | 12/31/2020 | 5 | to | 22 | Years |
| Home Improvement | Benton Harbor | MI | — | 170 | 1,338 | — | — | 170 | 1,338 | 1,508 | (163) | 2020 | 1/13/2021 | 10 | to | 35 | Years |
| Healthcare | Schnecksville | PA | — | 195 | 3,111 | — | 27 | 195 | 3,138 | 3,333 | (295) | 2018 | 1/29/2021 | 9 | to | 35 | Years |
| Discount Retail | Yuma | AZ | — | 1,032 | 2,983 | — | 17 | 1,032 | 3,000 | 4,032 | (198) | 2022 | 2/8/2021 | 6 | to | 33 | Years |
| Convenience Stores | Palm Coast | FL | — | 1,485 | 2,356 | — | — | 1,485 | 2,356 | 3,841 | (253) | 2020 | 2/12/2021 | 11 | to | 35 | Years |
| Dollar Stores | Birmingham | AL | — | 189 | 1,031 | — | — | 189 | 1,031 | 1,220 | (125) | 2013 | 2/12/2021 | 7 | to | 35 | Years |
| Dollar Stores | Waycross | GA | — | 170 | 1,172 | — | — | 170 | 1,172 | 1,342 | (143) | 2013 | 2/12/2021 | 6 | to | 35 | Years |
| Dollar Stores | Ocoee | FL | — | 336 | 1,145 | — | — | 336 | 1,145 | 1,481 | (135) | 2013 | 2/12/2021 | 7 | to | 35 | Years |
| Auto Parts | Bridgeport | CT | — | 291 | 1,080 | — | — | 291 | 1,080 | 1,371 | (102) | 1972 | 2/22/2021 | 6 | to | 35 | Years |
| Dollar Stores | Thomasville | NC | — | 381 | 795 | — | — | 381 | 795 | 1,176 | (138) | 1956 | 3/24/2021 | 8 | to | 24 | Years |
| Dollar Stores | Pertersburg | VA | — | 235 | 1,137 | — | — | 235 | 1,137 | 1,372 | (127) | 1997 | 3/24/2021 | 8 | to | 35 | Years |
| Equipment Rental and Leasing | Hilliard | OH | — | 839 | 1,148 | — | — | 839 | 1,148 | 1,987 | (153) | 2014 | 3/25/2021 | 9 | to | 35 | Years |
| Auto Parts | Utica | NY | — | 372 | 1,177 | — | — | 372 | 1,177 | 1,549 | (130) | 1996 | 3/26/2021 | 8 | to | 34 | Years |
| Automotive Service | Wichita | KS | — | 990 | 959 | — | — | 990 | 959 | 1,949 | (101) | 2000 | 3/26/2021 | 6 | to | 33 | Years |
| Auto Parts | Bellingham | MA | — | 1,457 | 970 | — | — | 1,457 | 970 | 2,427 | (107) | 2008 | 3/30/2021 | 7 | to | 35 | Years |
| General Retail | Greece | NY | — | 1,751 | 6,212 | — | 73 | 1,751 | 6,285 | 8,036 | (1,249) | 1991 | 3/30/2021 | 9 | to | 17 | Years |
| Arts & Crafts | Olympia | WA | — | 2,025 | 4,763 | — | — | 2,025 | 4,763 | 6,788 | (628) | 1978 | 3/31/2021 | 6 | to | 26 | Years |
| Arts & Crafts | Springfield | IL | — | 886 | 3,685 | — | 34 | 886 | 3,719 | 4,605 | (747) | 1989 | 3/31/2021 | 10 | to | 20 | Years |
| Arts & Crafts | Fort Dodge | IA | — | 532 | 2,062 | — | 304 | 532 | 2,366 | 2,898 | (493) | 1985 | 3/31/2021 | 8 | to | 15 | Years |
| Auto Parts | Bethel | VT | — | 67 | 278 | — | 17 | 67 | 295 | 362 | (48) | 1948 | 3/31/2021 | 5 | to | 20 | Years |
| Auto Parts | Springfield | VT | — | 193 | 779 | — | 151 | 193 | 930 | 1,123 | (112) | 1975 | 3/31/2021 | 8 | to | 29 | Years |
| Discount Retail | Fort Dodge | IA | — | 224 | 857 | — | 81 | 224 | 938 | 1,162 | (219) | 1985 | 3/31/2021 | 4 | to | 15 | Years |
| Dollar Stores | Toledo | OH | — | 174 | 961 | — | — | 174 | 961 | 1,135 | (144) | 1972 | 3/31/2021 | 6 | to | 30 | Years |
| Dollar Stores | Franklin | OH | — | 159 | 535 | — | — | 159 | 535 | 694 | (107) | 2005 | 3/31/2021 | 3 | to | 25 | Years |
| Drug Stores & Pharmacies | Spencer | IN | — | 1,648 | 2,433 | — | — | 1,648 | 2,433 | 4,081 | (263) | 2010 | 3/31/2021 | 8 | to | 35 | Years |
| Drug Stores & Pharmacies | Indianapolis | IN | — | 371 | 2,056 | — | — | 371 | 2,056 | 2,427 | (195) | 1997 | 3/31/2021 | 6 | to | 35 | Years |
| Farm Supplies | Olympia | WA | — | 2,140 | 3,491 | — | — | 2,140 | 3,491 | 5,631 | (489) | 1978 | 3/31/2021 | 5 | to | 30 | Years |
| Grocery | Mt. Gilead | OH | — | 688 | 2,316 | — | — | 688 | 2,316 | 3,004 | (536) | 1988 | 3/31/2021 | 6 | to | 16 | Years |
| Grocery | Rio Rancho | NM | — | 1,759 | 3,055 | — | — | 1,759 | 3,055 | 4,814 | (314) | 2020 | 3/31/2021 | 11 | to | 35 | Years |
| Description · Initial Cost to Company · Cost Capitalized Subsequent to Acquisition(1) · Gross Amount as of December 31, 2023(2), (3) | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Industry · City · State · Encumbrances · Land · Building and Improvements · Land · Building and Improvements · Land · Building and Improvements · Total · Accumulated Depreciation(3), (4) · Date of Construction · Date Acquired(5) · Life on Which Depreciation in Statements of Operations and Comprehensive Income is Computed | |||||||||||||||||
| Home Improvement | Merrillville | IN | — | 378 | 2,743 | — | — | 378 | 2,743 | 3,121 | (283) | 2007 | 3/31/2021 | 9 | to | 35 | Years |
| Drug Stores & Pharmacies | Hemingway | SC | — | 97 | 1,337 | — | 22 | 97 | 1,359 | 1,456 | (155) | 1985 | 4/16/2021 | 8 | to | 30 | Years |
| Auto Parts | Rocky Mount | NC | — | 711 | — | — | — | 711 | — | 711 | — | 2009 | 4/23/2021 | ||||
| Drug Stores & Pharmacies | Kenosha | WI | — | 1,159 | 3,231 | — | 42 | 1,159 | 3,273 | 4,432 | (357) | 1985 | 4/30/2021 | 7 | to | 28 | Years |
| Convenience Stores | Georgetown | SC | — | 294 | 1,485 | — | — | 294 | 1,485 | 1,779 | (166) | 1996 | 5/6/2021 | 7 | to | 30 | Years |
| Convenience Stores | Portola | CA | — | 1,897 | 2,199 | — | — | 1,897 | 2,199 | 4,096 | (230) | 1993 | 5/7/2021 | 10 | to | 33 | Years |
| Convenience Stores | Jamestown | CA | — | 1,373 | 1,753 | — | — | 1,373 | 1,753 | 3,126 | (212) | 1977 | 5/11/2021 | 12 | to | 27 | Years |
| Convenience Stores | Auburn | CA | — | 415 | 785 | — | — | 415 | 785 | 1,200 | (91) | 1962 | 5/12/2021 | 15 | to | 27 | Years |
| Convenience Stores | Wallace | CA | — | 1,412 | 1,729 | — | — | 1,412 | 1,729 | 3,141 | (212) | 1979 | 5/13/2021 | 10 | to | 27 | Years |
| Convenience Stores | Colfax | CA | — | 896 | 1,527 | — | — | 896 | 1,527 | 2,423 | (183) | 1968 | 5/14/2021 | 12 | to | 27 | Years |
| Arts & Crafts | Fond Du Lac | WI | — | 1,600 | 1,860 | — | 15 | 1,600 | 1,875 | 3,475 | (104) | 2022 | 5/18/2021 | 10 | to | 35 | Years |
| Discount Retail | Fond Du Lac | WI | — | 1,400 | 1,457 | — | 11 | 1,400 | 1,468 | 2,868 | (104) | 2021 | 5/18/2021 | 10 | to | 35 | Years |
| Arts & Crafts | Heath | OH | — | 383 | 3,603 | — | 53 | 383 | 3,656 | 4,039 | (427) | 1998 | 6/17/2021 | 7 | to | 29 | Years |
| Grocery | Monroe | WI | — | 848 | 7,535 | — | 21 | 848 | 7,556 | 8,404 | (757) | 2004 | 6/22/2021 | 8 | to | 30 | Years |
| Quick Service Restaurants | Bardstown | KY | — | 926 | 1,291 | — | — | 926 | 1,291 | 2,217 | (140) | 1985 | 6/23/2021 | 9 | to | 30 | Years |
| Consumer Electronics | Brownsville | TX | — | 1,596 | 5,146 | — | — | 1,596 | 5,146 | 6,742 | (492) | 2001 | 6/25/2021 | 5 | to | 35 | Years |
| Consumer Electronics | Toledo | OH | — | 766 | 3,535 | — | 24 | 766 | 3,559 | 4,325 | (427) | 1992 | 6/25/2021 | 5 | to | 27 | Years |
| Dollar Stores | Dayton | OH | — | 285 | 1,154 | — | — | 285 | 1,154 | 1,439 | (116) | 2000 | 6/28/2021 | 8 | to | 35 | Years |
| Dollar Stores | Schenectady | NY | — | 249 | 1,451 | — | — | 249 | 1,451 | 1,700 | (130) | 1997 | 6/28/2021 | 9 | to | 35 | Years |
| Dollar Stores | Dryden | NY | — | 286 | 1,109 | — | — | 286 | 1,109 | 1,395 | (127) | 2013 | 6/28/2021 | 7 | to | 35 | Years |
| Dollar Stores | Prattsburgh | NY | — | 124 | 1,364 | — | — | 124 | 1,364 | 1,488 | (160) | 2014 | 6/28/2021 | 8 | to | 35 | Years |
| Dollar Stores | Germantown | NY | — | 241 | 1,620 | — | — | 241 | 1,620 | 1,861 | (157) | 2020 | 6/28/2021 | 10 | to | 35 | Years |
| Dollar Stores | Lanesborough | MA | — | 373 | 1,188 | — | — | 373 | 1,188 | 1,561 | (141) | 2013 | 6/28/2021 | 8 | to | 35 | Years |
| Dollar Stores | Mayfield | NY | — | 260 | 1,206 | — | — | 260 | 1,206 | 1,466 | (134) | 2015 | 6/28/2021 | 9 | to | 35 | Years |
| Dollar Stores | Ballston Spa | NY | — | 231 | 1,242 | — | — | 231 | 1,242 | 1,473 | (128) | 2015 | 6/28/2021 | 9 | to | 35 | Years |
| Dollar Stores | Trotwood | OH | — | 361 | 768 | — | — | 361 | 768 | 1,129 | (105) | 2012 | 6/28/2021 | 6 | to | 35 | Years |
| Consumer Electronics | Burbank | IL | — | 3,116 | 6,171 | — | — | 3,116 | 6,171 | 9,287 | (804) | 1997 | 6/29/2021 | 6 | to | 30 | Years |
| Dollar Stores | Oklahoma City | OK | — | 531 | 1,158 | — | — | 531 | 1,158 | 1,689 | (128) | 1981 | 6/29/2021 | 8 | to | 29 | Years |
| Home Improvement | Alsip | IL | — | 353 | 1,092 | — | — | 353 | 1,092 | 1,445 | (103) | 2015 | 6/29/2021 | 4 | to | 35 | Years |
| Quick Service Restaurants | Oklahoma City | OK | — | 740 | — | — | — | 740 | — | 740 | — | 2008 | 6/29/2021 | ||||
| Arts & Crafts | Washington | PA | — | 875 | 4,924 | — | — | 875 | 4,924 | 5,799 | (453) | 2014 | 6/30/2021 | 6 | to | 34 | Years |
| Home Improvement | Sioux Falls | SD | — | 848 | 4,083 | — | — | 848 | 4,083 | 4,931 | (270) | 2022 | 7/8/2021 | 12 | to | 35 | Years |
| Auto Parts | Houma | LA | — | 181 | 1,257 | — | — | 181 | 1,257 | 1,438 | (103) | 2009 | 8/10/2021 | 10 | to | 35 | Years |
| Arts & Crafts | Sumter | SC | — | 1,614 | 2,576 | — | 67 | 1,614 | 2,643 | 4,257 | (416) | 1975 | 8/23/2021 | 6 | to | 22 | Years |
| Discount Retail | Sumter | SC | — | 959 | 1,519 | — | 24 | 959 | 1,543 | 2,502 | (249) | 1975 | 8/23/2021 | 7 | to | 22 | Years |
| Discount Retail | California | MD | — | 241 | 1,984 | — | — | 241 | 1,984 | 2,225 | (146) | 2001 | 9/8/2021 | 5 | to | 35 | Years |
| Quick Service Restaurants | Danville | IN | — | 830 | 1,132 | — | — | 830 | 1,132 | 1,962 | (127) | 2021 | 9/13/2021 | 10 | to | 30 | Years |
| Healthcare | Houston | TX | — | 798 | 3,318 | — | — | 798 | 3,318 | 4,116 | (269) | 1993 | 9/14/2021 | 8 | to | 35 | Years |
| Dollar Stores | Iva | SC | — | 105 | 880 | — | — | 105 | 880 | 985 | (81) | 2005 | 9/20/2021 | 5 | to | 35 | Years |
| Discount Retail | Dunbar | WV | — | 318 | 1,982 | — | 24 | 318 | 2,006 | 2,324 | (210) | 2017 | 9/30/2021 | 6 | to | 26 | Years |
| Dollar Stores | Akron | OH | — | 130 | 691 | — | 12 | 130 | 703 | 833 | (75) | 1946 | 9/30/2021 | 7 | to | 28 | Years |
| Drug Stores & Pharmacies | Cottonwood | AZ | — | 2,158 | 2,681 | — | — | 2,158 | 2,681 | 4,839 | (219) | 1999 | 9/30/2021 | 5 | to | 35 | Years |
| Drug Stores & Pharmacies | Louisville | KY | — | 904 | 2,489 | — | — | 904 | 2,489 | 3,393 | (209) | 1998 | 9/30/2021 | 5 | to | 35 | Years |
| Drug Stores & Pharmacies | Rio Rancho | NM | — | 2,278 | 2,377 | — | — | 2,278 | 2,377 | 4,655 | (208) | 2000 | 9/30/2021 | 5 | to | 33 | Years |
| Drug Stores & Pharmacies | Mentor | OH | — | 1,348 | 2,647 | (200) | (394) | 1,148 | 2,253 | 3,401 | (197) | 1997 | 9/30/2021 | 5 | to | 35 | Years |
| Drug Stores & Pharmacies | Moline | IL | — | 1,915 | 2,860 | — | — | 1,915 | 2,860 | 4,775 | (233) | 2000 | 9/30/2021 | 5 | to | 35 | Years |
| Drug Stores & Pharmacies | Decatur | IL | — | 702 | 2,878 | — | — | 702 | 2,878 | 3,580 | (226) | 1999 | 9/30/2021 | 5 | to | 35 | Years |
| Drug Stores & Pharmacies | Hammond | IN | — | 1,073 | 3,207 | — | — | 1,073 | 3,207 | 4,280 | (260) | 2000 | 9/30/2021 | 5 | to | 35 | Years |
| Drug Stores & Pharmacies | Edinburg | TX | — | 1,544 | 2,108 | — | — | 1,544 | 2,108 | 3,652 | (172) | 2000 | 9/30/2021 | 5 | to | 35 | Years |
| Drug Stores & Pharmacies | Rockford | IL | — | 295 | 1,735 | — | — | 295 | 1,735 | 2,030 | (179) | 1991 | 9/30/2021 | 8 | to | 28 | Years |
| Drug Stores & Pharmacies | Chicago | IL | — | 1,788 | 2,720 | — | — | 1,788 | 2,720 | 4,508 | (259) | 1997 | 9/30/2021 | 7 | to | 30 | Years |
| Drug Stores & Pharmacies | Jerseyville | IL | — | 1,981 | 3,282 | — | — | 1,981 | 3,282 | 5,263 | (267) | 2014 | 9/30/2021 | 10 | to | 35 | Years |
| Description · Initial Cost to Company · Cost Capitalized Subsequent to Acquisition(1) · Gross Amount as of December 31, 2023(2), (3) | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Industry · City · State · Encumbrances · Land · Building and Improvements · Land · Building and Improvements · Land · Building and Improvements · Total · Accumulated Depreciation(3), (4) · Date of Construction · Date Acquired(5) · Life on Which Depreciation in Statements of Operations and Comprehensive Income is Computed | |||||||||||||||||
| Healthcare | Rantoul | IL | — | 92 | 1,671 | — | — | 92 | 1,671 | 1,763 | (162) | 2011 | 9/30/2021 | 10 | to | 35 | Years |
| Healthcare | Danville | IL | — | 130 | 1,584 | — | — | 130 | 1,584 | 1,714 | (133) | 2020 | 9/30/2021 | 10 | to | 35 | Years |
| Healthcare | Urbana | IL | — | 674 | 1,294 | (169) | (324) | 505 | 970 | 1,475 | (85) | 2018 | 9/30/2021 | 8 | to | 35 | Years |
| Grocery | Slidell | LA | — | 1,159 | 3,444 | — | — | 1,159 | 3,444 | 4,603 | (469) | 1995 | 10/13/2021 | 6 | to | 22 | Years |
| Grocery | Slidell | LA | — | 1,723 | 3,305 | — | — | 1,723 | 3,305 | 5,028 | (506) | 1999 | 10/13/2021 | 6 | to | 20 | Years |
| Discount Retail | Oakwood | OH | — | 283 | 2,035 | — | 32 | 283 | 2,067 | 2,350 | (291) | 1991 | 10/20/2021 | 7 | to | 17 | Years |
| Casual Dining | Avondale | IL | — | 3,073 | — | — | — | 3,073 | — | 3,073 | — | 2014 | 10/25/2021 | ||||
| Health and Fitness | Avondale | IL | — | 3,947 | 10,398 | — | 29 | 3,947 | 10,427 | 14,374 | (715) | 1984 | 10/25/2021 | 12 | to | 35 | Years |
| Home Improvement | Avondale | IL | — | 9,146 | 13,194 | — | 72 | 9,146 | 13,266 | 22,412 | (983) | 1984 | 10/25/2021 | 12 | to | 35 | Years |
| Home Improvement | Racine | WI | — | 1,898 | 7,247 | — | 21 | 1,898 | 7,268 | 9,166 | (1,114) | 1991 | 10/27/2021 | 15 | to | 18 | Years |
| Arts & Crafts | Flagstaff | AZ | — | 988 | 7,797 | — | 15 | 988 | 7,812 | 8,800 | (609) | 1979 | 10/28/2021 | 7 | to | 35 | Years |
| Discount Retail | Oroville | CA | — | 405 | 3,123 | — | 8 | 405 | 3,131 | 3,536 | (294) | 1999 | 10/28/2021 | 7 | to | 33 | Years |
| Equipment Rental and Leasing | Warner Robins | GA | — | 425 | 1,820 | — | — | 425 | 1,820 | 2,245 | (193) | 2021 | 10/28/2021 | 10 | to | 35 | Years |
| Home Improvement | Green Bay | WI | — | 292 | 1,070 | — | — | 292 | 1,070 | 1,362 | (160) | 1992 | 10/28/2021 | 7 | to | 20 | Years |
| Dollar Stores | Woodland | AL | — | 345 | 1,230 | — | — | 345 | 1,230 | 1,575 | (72) | 2022 | 11/12/2021 | 15 | to | 35 | Years |
| Equipment Rental and Leasing | Cortland | OH | — | 199 | 1,913 | — | — | 199 | 1,913 | 2,112 | (157) | 2015 | 11/15/2021 | 8 | to | 35 | Years |
| Consumer Electronics | Baton Rouge | LA | — | 5,057 | 3,647 | — | 15 | 5,057 | 3,662 | 8,719 | (446) | 1997 | 11/24/2021 | 6 | to | 26 | Years |
| Dollar Stores | Springfield | OH | — | 435 | 154 | — | 105 | 435 | 259 | 694 | (63) | 1950 | 11/24/2021 | 2 | to | 15 | Years |
| Arts & Crafts | Sheboygan | WI | — | 1,893 | 2,030 | — | — | 1,893 | 2,030 | 3,923 | (70) | 2022 | 12/3/2021 | 9 | to | 35 | Years |
| Discount Retail | Sheboygan | WI | — | 2,049 | 2,056 | — | — | 2,049 | 2,056 | 4,105 | (74) | 2022 | 12/3/2021 | 10 | to | 35 | Years |
| Dollar Stores | Oklahoma City | OK | — | 295 | 664 | — | 53 | 295 | 717 | 1,012 | (78) | 2006 | 12/8/2021 | 5 | to | 23 | Years |
| Dollar Stores | Harper Woods | MI | — | 627 | 1,165 | — | 10 | 627 | 1,175 | 1,802 | (100) | 1972 | 12/9/2021 | 10 | to | 30 | Years |
| Automotive Service | Middletown | OH | — | 342 | 632 | — | — | 342 | 632 | 974 | (69) | 1974 | 12/10/2021 | 6 | to | 25 | Years |
| Automotive Service | Hamilton | OH | — | 321 | 1,122 | — | 201 | 321 | 1,323 | 1,644 | (101) | 1922 | 12/10/2021 | 7 | to | 25 | Years |
| Automotive Service | Hamilton | OH | — | 393 | 1,003 | — | — | 393 | 1,003 | 1,396 | (106) | 1964 | 12/10/2021 | 7 | to | 23 | Years |
| Dollar Stores | Columbus | GA | — | 173 | 967 | — | — | 173 | 967 | 1,140 | (82) | 2003 | 12/13/2021 | 6 | to | 31 | Years |
| Dollar Stores | Phenix City | AL | — | 176 | 980 | — | — | 176 | 980 | 1,156 | (82) | 2005 | 12/13/2021 | 4 | to | 35 | Years |
| Drug Stores & Pharmacies | Gales Ferry | CT | — | 1,687 | 2,326 | — | — | 1,687 | 2,326 | 4,013 | (232) | 2012 | 12/21/2021 | 6 | to | 31 | Years |
| Drug Stores & Pharmacies | St. Joseph | MI | — | 2,494 | 2,671 | — | — | 2,494 | 2,671 | 5,165 | (219) | 2015 | 12/21/2021 | 6 | to | 35 | Years |
| Drug Stores & Pharmacies | El Centro | CA | — | 890 | 4,656 | — | — | 890 | 4,656 | 5,546 | (325) | 2002 | 12/21/2021 | 6 | to | 35 | Years |
| Drug Stores & Pharmacies | Groton | CT | — | 1,195 | 3,833 | — | — | 1,195 | 3,833 | 5,028 | (271) | 2004 | 12/21/2021 | 6 | to | 35 | Years |
| Discount Retail | Grand Island | NE | — | 337 | 2,333 | — | — | 337 | 2,333 | 2,670 | (156) | 1990 | 12/23/2021 | 6 | to | 35 | Years |
| Arts & Crafts | D'Iberville | MS | — | 1,036 | 5,970 | — | — | 1,036 | 5,970 | 7,006 | (181) | 2023 | 12/29/2021 | 12 | to | 35 | Years |
| Auto Parts | Syracuse | NY | — | 486 | 1,316 | — | — | 486 | 1,316 | 1,802 | (114) | 2004 | 12/29/2021 | 7 | to | 35 | Years |
| Arts & Crafts | Winder | GA | — | 1,217 | 5,919 | — | — | 1,217 | 5,919 | 7,136 | (173) | 2023 | 12/30/2021 | 9 | to | 35 | Years |
| Auto Parts | Golden | CO | — | 594 | 974 | — | 10 | 594 | 984 | 1,578 | (78) | 2009 | 12/30/2021 | 3 | to | 35 | Years |
| Auto Parts | Lithonia | GA | — | 605 | 1,422 | — | — | 605 | 1,422 | 2,027 | (109) | 1996 | 12/30/2021 | 3 | to | 35 | Years |
| Grocery | Omaha | NE | — | 1,559 | 4,866 | — | 260 | 1,559 | 5,126 | 6,685 | (556) | 2010 | 1/19/2022 | 8 | to | 25 | Years |
| Arts & Crafts | Douglas | GA | — | 465 | 4,317 | — | 18 | 465 | 4,335 | 4,800 | (325) | 2021 | 1/21/2022 | 10 | to | 35 | Years |
| Healthcare | Denton | TX | — | 554 | 2,623 | — | — | 554 | 2,623 | 3,177 | (212) | 1982 | 1/28/2022 | 6 | to | 29 | Years |
| Auto Parts | Decatur | GA | — | 257 | 840 | — | 15 | 257 | 855 | 1,112 | (65) | 1999 | 2/11/2022 | 5 | to | 35 | Years |
| Dollar Stores | Fair Haven | VT | — | 151 | 1,051 | — | — | 151 | 1,051 | 1,202 | (95) | 1960 | 2/17/2022 | 4 | to | 28 | Years |
| Dollar Stores | Morehead City | NC | — | 563 | 1,131 | — | — | 563 | 1,131 | 1,694 | (92) | 2002 | 2/18/2022 | 4 | to | 35 | Years |
| Home Improvement | Litchfield | IL | — | 138 | 1,328 | — | 104 | 138 | 1,432 | 1,570 | (144) | 2022 | 3/4/2022 | 10 | to | 25 | Years |
| Drug Stores & Pharmacies | Mobile | AL | — | 954 | 2,570 | — | — | 954 | 2,570 | 3,524 | (173) | 2003 | 3/10/2022 | 7 | to | 35 | Years |
| Dollar Stores | Monticello | GA | — | 346 | 1,323 | — | — | 346 | 1,323 | 1,669 | (118) | 2016 | 3/14/2022 | 8 | to | 35 | Years |
| Dollar Stores | Overton | NV | — | 85 | 1,228 | — | — | 85 | 1,228 | 1,313 | (83) | 2012 | 3/15/2022 | 5 | to | 35 | Years |
| Dollar Stores | Naturita | CO | — | 100 | 935 | — | — | 100 | 935 | 1,035 | (69) | 2014 | 3/15/2022 | 7 | to | 34 | Years |
| Dollar Stores | Milford | UT | — | 62 | 1,075 | — | — | 62 | 1,075 | 1,137 | (68) | 2015 | 3/15/2022 | 8 | to | 35 | Years |
| Description · Initial Cost to Company · Cost Capitalized Subsequent to Acquisition(1) · Gross Amount as of December 31, 2023(2), (3) | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Industry · City · State · Encumbrances · Land · Building and Improvements · Land · Building and Improvements · Land · Building and Improvements · Total · Accumulated Depreciation(3), (4) · Date of Construction · Date Acquired(5) · Life on Which Depreciation in Statements of Operations and Comprehensive Income is Computed | |||||||||||||||||
| Home Improvement | Edgewood | NM | — | 426 | 1,066 | — | 177 | 426 | 1,243 | 1,669 | (124) | 2022 | 3/15/2022 | 6 | to | 25 | Years |
| Home Improvement | Hermitage | PA | — | 585 | 2,420 | — | — | 585 | 2,420 | 3,005 | (257) | 2000 | 3/15/2022 | 7 | to | 23 | Years |
| Healthcare | Houston | TX | — | 455 | 2,092 | — | — | 455 | 2,092 | 2,547 | (133) | 2014 | 3/24/2022 | 7 | to | 35 | Years |
| Healthcare | Amarillo | TX | — | 413 | 1,815 | — | — | 413 | 1,815 | 2,228 | (138) | 2012 | 3/24/2022 | 6 | to | 30 | Years |
| Healthcare | Kaufman | TX | — | 268 | 1,677 | — | 15 | 268 | 1,692 | 1,960 | (101) | 2008 | 3/24/2022 | 7 | to | 35 | Years |
| Dollar Stores | Ely | NV | — | 134 | 1,136 | — | — | 134 | 1,136 | 1,270 | (76) | 2014 | 3/25/2022 | 8 | to | 35 | Years |
| Arts & Crafts | Dothan | AL | — | 1,410 | 5,101 | — | 28 | 1,410 | 5,129 | 6,539 | (521) | 1970 | 3/30/2022 | 4 | to | 20 | Years |
| Casual Dining | Dothan | AL | — | 564 | 586 | — | — | 564 | 586 | 1,150 | (84) | 2003 | 3/30/2022 | 6 | to | 16 | Years |
| Discount Retail | Alpena | MI | — | 697 | 3,825 | — | — | 697 | 3,825 | 4,522 | (46) | 2023 | 3/30/2022 | 9 | to | 35 | Years |
| Grocery | Dothan | AL | — | 1,155 | 5,178 | — | 64 | 1,155 | 5,242 | 6,397 | (340) | 1968 | 3/30/2022 | 7 | to | 32 | Years |
| Quick Service Restaurants | Dothan | AL | — | 427 | 1,275 | — | — | 427 | 1,275 | 1,702 | (95) | 2011 | 3/30/2022 | 4 | to | 29 | Years |
| Dollar Stores | Livonia | MI | — | 96 | 1,292 | — | 534 | 96 | 1,826 | 1,922 | (102) | 1956 | 3/31/2022 | 4 | to | 28 | Years |
| Dollar Stores | Lewistown | PA | — | 220 | 1,795 | — | — | 220 | 1,795 | 2,015 | (124) | 2019 | 3/31/2022 | 7 | to | 35 | Years |
| Dollar Stores | Orrstown | PA | — | 193 | 1,377 | — | — | 193 | 1,377 | 1,570 | (137) | 2019 | 3/31/2022 | 7 | to | 35 | Years |
| General Retail | Kansas City | KS | — | 600 | 7,312 | — | — | 600 | 7,312 | 7,912 | (497) | 2014 | 3/31/2022 | 7 | to | 33 | Years |
| Drug Stores & Pharmacies | West Allis | WI | — | 2,690 | 3,410 | — | — | 2,690 | 3,410 | 6,100 | (199) | 2008 | 4/18/2022 | 7 | to | 35 | Years |
| Dollar Stores | Magdelena | NM | — | 65 | 892 | — | — | 65 | 892 | 957 | (73) | 2009 | 4/19/2022 | 3 | to | 30 | Years |
| Grocery | Tonawanda | NY | — | 784 | 6,998 | — | — | 784 | 6,998 | 7,782 | (515) | 2001 | 4/21/2022 | 5 | to | 28 | Years |
| Dollar Stores | Penasco | NM | — | 181 | 1,030 | — | — | 181 | 1,030 | 1,211 | (81) | 2009 | 5/2/2022 | 3 | to | 28 | Years |
| Automotive Service | Mayfield | OH | — | 1,434 | 1,566 | — | 19 | 1,434 | 1,585 | 3,019 | (110) | 1968 | 5/13/2022 | 6 | to | 25 | Years |
| Casual Dining | Mayfield | OH | — | 424 | 338 | — | 19 | 424 | 357 | 781 | (39) | 1968 | 5/13/2022 | 5 | to | 16 | Years |
| Grocery | La Place | LA | — | 4,359 | 4,751 | — | — | 4,359 | 4,751 | 9,110 | (447) | 1997 | 5/13/2022 | 6 | to | 22 | Years |
| Grocery | Tonawanda | NY | — | 1,207 | 10,122 | — | — | 1,207 | 10,122 | 11,329 | (637) | 2001 | 6/13/2022 | 4 | to | 31 | Years |
| Auto Parts | Sparks | NV | — | 903 | 2,584 | — | — | 903 | 2,584 | 3,487 | (265) | 1980 | 6/24/2022 | 5 | to | 22 | Years |
| Farm Supplies | Sparks | NV | — | 765 | 1,944 | — | — | 765 | 1,944 | 2,709 | (225) | 1980 | 6/24/2022 | 5 | to | 19 | Years |
| Home Improvement | Sparks | NV | — | 355 | 1,287 | — | — | 355 | 1,287 | 1,642 | (132) | 1980 | 6/24/2022 | 6 | to | 19 | Years |
| Drug Stores & Pharmacies | Tulare | CA | — | 1,550 | 4,156 | — | — | 1,550 | 4,156 | 5,706 | (230) | 2009 | 6/28/2022 | 9 | to | 35 | Years |
| Drug Stores & Pharmacies | Fort Wayne | IN | — | 2,751 | 3,796 | — | — | 2,751 | 3,796 | 6,547 | (203) | 2010 | 6/28/2022 | 9 | to | 35 | Years |
| Drug Stores & Pharmacies | Noblesville | IN | — | 2,623 | 3,915 | — | — | 2,623 | 3,915 | 6,538 | (223) | 2009 | 6/28/2022 | 9 | to | 35 | Years |
| Drug Stores & Pharmacies | Jackson | MS | — | 2,286 | 3,036 | — | — | 2,286 | 3,036 | 5,322 | (165) | 2009 | 6/28/2022 | 9 | to | 35 | Years |
| Drug Stores & Pharmacies | Newport News | VA | — | 4,408 | 3,802 | — | — | 4,408 | 3,802 | 8,210 | (226) | 2009 | 6/28/2022 | 9 | to | 35 | Years |
| Drug Stores & Pharmacies | Yorktown | VA | — | 3,996 | 3,749 | — | — | 3,996 | 3,749 | 7,745 | (211) | 2009 | 6/28/2022 | 8 | to | 35 | Years |
| Grocery | Palmdale | CA | — | 2,046 | 7,504 | — | 200 | 2,046 | 7,704 | 9,750 | (386) | 2000 | 6/28/2022 | 6 | to | 35 | Years |
| Specialty | Palmdale | CA | — | 1,019 | 3,935 | — | — | 1,019 | 3,935 | 4,954 | (203) | 2000 | 6/28/2022 | 5 | to | 35 | Years |
| Dollar Stores | Springfield | IL | — | 142 | 990 | — | — | 142 | 990 | 1,132 | (92) | 1980 | 6/30/2022 | 2 | to | 20 | Years |
| Dollar Stores | Buffalo | NY | — | 170 | 1,813 | — | — | 170 | 1,813 | 1,983 | (94) | 2019 | 6/30/2022 | 7 | to | 35 | Years |
| Drug Stores & Pharmacies | Athens | GA | — | 2,272 | 3,919 | — | — | 2,272 | 3,919 | 6,191 | (206) | 2009 | 7/1/2022 | 10 | to | 35 | Years |
| Drug Stores & Pharmacies | Rockford | IL | — | 2,285 | 4,649 | — | — | 2,285 | 4,649 | 6,934 | (238) | 2009 | 7/1/2022 | 9 | to | 35 | Years |
| Drug Stores & Pharmacies | New Orleans | LA | — | 2,228 | 3,699 | — | — | 2,228 | 3,699 | 5,927 | (200) | 2009 | 7/1/2022 | 11 | to | 35 | Years |
| Drug Stores & Pharmacies | Bismarck | ND | — | 2,143 | 3,913 | — | — | 2,143 | 3,913 | 6,056 | (206) | 2009 | 7/1/2022 | 9 | to | 35 | Years |
| Drug Stores & Pharmacies | Las Vegas | NV | — | 3,129 | 4,847 | — | — | 3,129 | 4,847 | 7,976 | (260) | 2009 | 7/1/2022 | 9 | to | 35 | Years |
| Grocery | Harrison | MI | — | 564 | 4,579 | — | 29 | 564 | 4,608 | 5,172 | (364) | 2001 | 7/26/2022 | 5 | to | 29 | Years |
| Dollar Stores | Oglethorpe | GA | — | 112 | 802 | — | — | 112 | 802 | 914 | (58) | 2009 | 8/3/2022 | 5 | to | 27 | Years |
| Grocery | Janesville | WI | — | 2,039 | 15,748 | — | — | 2,039 | 15,748 | 17,787 | (751) | 2015 | 8/17/2022 | 7 | to | 35 | Years |
| Auto Parts | Marion | IN | — | 469 | 495 | — | 33 | 469 | 528 | 997 | (85) | 1961 | 9/8/2022 | 5 | to | 9 | Years |
| Dollar Stores | Marion | IN | — | 469 | 676 | — | 94 | 469 | 770 | 1,239 | (80) | 1961 | 9/8/2022 | 3 | to | 16 | Years |
| Auto Parts | Bluefiled | WV | — | 55 | 673 | — | 45 | 55 | 718 | 773 | (52) | 1996 | 9/20/2022 | 6 | to | 22 | Years |
| Discount Retail | Forest City | NC | — | 544 | 968 | — | — | 544 | 968 | 1,512 | (173) | 1989 | 9/20/2022 | 4 | to | 13 | Years |
| Dollar Stores | Bluefiled | WV | — | 55 | 608 | — | — | 55 | 608 | 663 | (50) | 1996 | 9/20/2022 | 4 | to | 19 | Years |
| Drug Stores & Pharmacies | Philadelphia | PA | — | 2,888 | — | — | — | 2,888 | — | 2,888 | — | 1997 | 9/21/2022 | ||||
| Dollar Stores | Lithia Springs | GA | — | 213 | 1,722 | — | — | 213 | 1,722 | 1,935 | (82) | 2011 | 9/23/2022 | 4 | to | 35 | Years |
| Grocery | Orange City | IA | — | 358 | 4,950 | — | — | 358 | 4,950 | 5,308 | (222) | 2017 | 9/23/2022 | 8 | to | 35 | Years |
| Description · Initial Cost to Company · Cost Capitalized Subsequent to Acquisition(1) · Gross Amount as of December 31, 2023(2), (3) | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Industry · City · State · Encumbrances · Land · Building and Improvements · Land · Building and Improvements · Land · Building and Improvements · Total · Accumulated Depreciation(3), (4) · Date of Construction · Date Acquired(5) · Life on Which Depreciation in Statements of Operations and Comprehensive Income is Computed | |||||||||||||||||
| Drug Stores & Pharmacies | Swansea | IL | — | 1,172 | 1,876 | — | — | 1,172 | 1,876 | 3,048 | (161) | 1997 | 9/28/2022 | 4 | to | 20 | Years |
| Discount Retail | Elizabeth City | NC | — | 639 | 2,226 | — | — | 639 | 2,226 | 2,865 | (180) | 1993 | 9/29/2022 | 3 | to | 24 | Years |
| Drug Stores & Pharmacies | Salisbury | NC | — | 2,218 | 2,953 | — | — | 2,218 | 2,953 | 5,171 | (146) | 2006 | 9/29/2022 | 6 | to | 33 | Years |
| Drug Stores & Pharmacies | Statesville | NC | — | 986 | 2,751 | — | — | 986 | 2,751 | 3,737 | (134) | 2005 | 9/29/2022 | 7 | to | 32 | Years |
| Drug Stores & Pharmacies | Farmville | VA | — | 4,155 | 3,459 | — | — | 4,155 | 3,459 | 7,614 | (145) | 2015 | 9/29/2022 | 9 | to | 35 | Years |
| Grocery | Elizabeth City | NC | — | 1,246 | 1,492 | — | — | 1,246 | 1,492 | 2,738 | (422) | 1993 | 9/29/2022 | 2 | to | 6 | Years |
| Discount Retail | Fond du Lac | WI | — | 267 | 2,775 | — | — | 267 | 2,775 | 3,042 | (133) | 1973 | 9/30/2022 | 8 | to | 31 | Years |
| Dollar Stores | Detroit | MI | — | 235 | 1,132 | — | — | 235 | 1,132 | 1,367 | (54) | 1960 | 9/30/2022 | 2 | to | 31 | Years |
| Grocery | Covington | LA | 8,361 | 1,989 | 9,693 | — | 57 | 1,989 | 9,750 | 11,739 | (439) | 2008 | 9/30/2022 | 8 | to | 35 | Years |
| Grocery | New Haven | IN | — | 987 | 2,356 | — | 20 | 987 | 2,376 | 3,363 | (309) | 1977 | 10/3/2022 | 4 | to | 12 | Years |
| Home Improvement | Bossier City | LA | — | 757 | 5,392 | — | — | 757 | 5,392 | 6,149 | (52) | 2023 | 10/24/2022 | 10 | to | 35 | Years |
| Dollar Stores | South Park | PA | — | 188 | 1,290 | — | — | 188 | 1,290 | 1,478 | (59) | 2015 | 10/25/2022 | 6 | to | 35 | Years |
| Dollar Stores | Providence | RI | — | 1,404 | 664 | — | 195 | 1,404 | 859 | 2,263 | (58) | 1995 | 11/8/2022 | 4 | to | 16 | Years |
| Automotive Service | Douglas | GA | — | 786 | 1,793 | — | — | 786 | 1,793 | 2,579 | (69) | 2022 | 11/10/2022 | 9 | to | 35 | Years |
| Sporting Goods | Cranberry Township | PA | — | 3,211 | 13,224 | — | 6 | 3,211 | 13,230 | 16,441 | (472) | 2012 | 12/15/2022 | 5 | to | 35 | Years |
| Dollar Stores | Baldwin | MI | — | 53 | 1,198 | — | — | 53 | 1,198 | 1,251 | (43) | 2022 | 12/21/2022 | 12 | to | 35 | Years |
| Dollar Stores | Bemidji | MN | — | 71 | 1,307 | — | — | 71 | 1,307 | 1,378 | (48) | 2022 | 12/21/2022 | 7 | to | 35 | Years |
| Dollar Stores | Blanchard | MI | — | 197 | 1,190 | — | — | 197 | 1,190 | 1,387 | (43) | 2022 | 12/21/2022 | 11 | to | 35 | Years |
| Dollar Stores | Crystal | MI | — | 125 | 1,176 | — | — | 125 | 1,176 | 1,301 | (41) | 2021 | 12/21/2022 | 10 | to | 35 | Years |
| Dollar Stores | South Haven | MI | — | 59 | 1,137 | — | — | 59 | 1,137 | 1,196 | (42) | 2022 | 12/21/2022 | 12 | to | 35 | Years |
| Dollar Stores | Three Rivers | MI | — | 106 | 1,316 | — | — | 106 | 1,316 | 1,422 | (47) | 2022 | 12/21/2022 | 7 | to | 35 | Years |
| Dollar Stores | Wabeno | WI | — | 193 | 1,084 | — | — | 193 | 1,084 | 1,277 | (39) | 2022 | 12/21/2022 | 12 | to | 35 | Years |
| Dollar Stores | Walkerville | MI | — | 80 | 1,195 | — | — | 80 | 1,195 | 1,275 | (42) | 2022 | 12/21/2022 | 12 | to | 35 | Years |
| Specialty | Tysons | VA | — | 9,822 | 9,487 | — | 384 | 9,822 | 9,871 | 19,693 | (306) | 1978 | 12/28/2022 | 6 | to | 35 | Years |
| Dollar Stores | Chipley | FL | — | 240 | 1,251 | — | — | 240 | 1,251 | 1,491 | (45) | 2022 | 12/29/2022 | 7 | to | 35 | Years |
| Dollar Stores | Alford | FL | — | 138 | 1,220 | — | — | 138 | 1,220 | 1,358 | (44) | 2022 | 12/29/2022 | 7 | to | 35 | Years |
| Dollar Stores | Ennice | NC | — | 89 | 1,257 | — | — | 89 | 1,257 | 1,346 | (47) | 2022 | 12/29/2022 | 7 | to | 35 | Years |
| Dollar Stores | Donalsonville | GA | — | 122 | 1,224 | — | — | 122 | 1,224 | 1,346 | (44) | 2022 | 12/29/2022 | 7 | to | 35 | Years |
| Grocery | Greenfield | WI | — | 2,064 | 20,089 | — | — | 2,064 | 20,089 | 22,153 | (882) | 1970 | 12/29/2022 | 6 | to | 29 | Years |
| Dollar Stores | Alton | NH | — | 183 | 1,346 | — | — | 183 | 1,346 | 1,529 | (41) | 2016 | 2/13/2023 | 9 | to | 35 | Years |
| Drug Stores & Pharmacies | Fort Wayne | IN | — | 1,041 | 3,562 | — | — | 1,041 | 3,562 | 4,603 | (100) | 2002 | 3/14/2023 | 5 | to | 35 | Years |
| Dollar Stores | Shelby | OH | — | 41 | 1,259 | — | — | 41 | 1,259 | 1,300 | (37) | 2009 | 3/17/2023 | 5 | to | 34 | Years |
| Drug Stores & Pharmacies | Warsaw | IN | — | 1,227 | 2,939 | — | — | 1,227 | 2,939 | 4,166 | (91) | 2003 | 3/17/2023 | 6 | to | 32 | Years |
| Drug Stores & Pharmacies | Canal Winchester | OH | — | 1,532 | 3,330 | — | — | 1,532 | 3,330 | 4,862 | (93) | 2004 | 3/17/2023 | 6 | to | 35 | Years |
| Drug Stores & Pharmacies | Irondequoit | NY | — | 2,179 | 3,037 | — | — | 2,179 | 3,037 | 5,216 | (85) | 2005 | 3/21/2023 | 8 | to | 35 | Years |
| Dollar Stores | Ahoskie | NC | — | 70 | 1,489 | — | — | 70 | 1,489 | 1,559 | (41) | 2014 | 3/22/2023 | 7 | to | 35 | Years |
| Drug Stores & Pharmacies | Albertville | AL | — | 1,635 | 3,536 | — | — | 1,635 | 3,536 | 5,171 | (98) | 2008 | 3/22/2023 | 8 | to | 35 | Years |
| Drug Stores & Pharmacies | St. Paul | MN | — | 1,095 | 3,968 | — | — | 1,095 | 3,968 | 5,063 | (105) | 2003 | 3/24/2023 | 5 | to | 35 | Years |
| Sporting Goods | Helena | MT | — | 1,730 | 6,063 | — | — | 1,730 | 6,063 | 7,793 | (183) | 2007 | 3/27/2023 | 5 | to | 35 | Years |
| Automotive Service | Charlotte | NC | — | 604 | 460 | — | — | 604 | 460 | 1,064 | (29) | 1994 | 3/29/2023 | 5 | to | 15 | Years |
| Dollar Stores | Tama | IA | — | 119 | 1,388 | — | — | 119 | 1,388 | 1,507 | (38) | 2023 | 3/30/2023 | 9 | to | 35 | Years |
| Quick Service Restaurants | Indianola | MS | — | 350 | 1,180 | — | — | 350 | 1,180 | 1,530 | (41) | 2022 | 3/30/2023 | 8 | to | 29 | Years |
| Quick Service Restaurants | Citonelle | AL | — | 364 | 1,172 | — | — | 364 | 1,172 | 1,536 | (45) | 2022 | 3/30/2023 | 8 | to | 29 | Years |
| Quick Service Restaurants | Vinemont | AL | — | 409 | 1,125 | — | — | 409 | 1,125 | 1,534 | (41) | 2022 | 3/30/2023 | 8 | to | 29 | Years |
| Quick Service Restaurants | Tunica | MS | — | 244 | 1,295 | — | — | 244 | 1,295 | 1,539 | (49) | 2022 | 3/30/2023 | 8 | to | 29 | Years |
| Quick Service Restaurants | Cleveland | MS | — | 248 | 1,284 | — | — | 248 | 1,284 | 1,532 | (44) | 2023 | 3/30/2023 | 13 | to | 30 | Years |
| Dollar Stores | Enfield | NC | — | 64 | 1,409 | — | — | 64 | 1,409 | 1,473 | (39) | 2021 | 3/31/2023 | 7 | to | 35 | Years |
| Dollar Stores | Heath Springs | SC | — | 126 | 1,438 | — | — | 126 | 1,438 | 1,564 | (37) | 2023 | 3/31/2023 | 9 | to | 35 | Years |
| Grocery | North Fort Myers | FL | — | 1,043 | 5,728 | — | — | 1,043 | 5,728 | 6,771 | (215) | 1999 | 3/31/2023 | 7 | to | 29 | Years |
| Dollar Stores | Cherokee | IA | — | 206 | 1,422 | — | — | 206 | 1,422 | 1,628 | (58) | 2015 | 4/26/2023 | 4 | to | 22 | Years |
| Dollar Stores | Ramer | AL | — | 175 | 1,213 | — | — | 175 | 1,213 | 1,388 | (32) | 2022 | 4/26/2023 | 7 | to | 35 | Years |
| Dollar Stores | Russellville | AL | — | 126 | 1,212 | — | — | 126 | 1,212 | 1,338 | (32) | 2022 | 4/26/2023 | 8 | to | 35 | Years |
| Description · Initial Cost to Company · Cost Capitalized Subsequent to Acquisition(1) · Gross Amount as of December 31, 2023(2), (3) | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Industry · City · State · Encumbrances · Land · Building and Improvements · Land · Building and Improvements · Land · Building and Improvements · Total · Accumulated Depreciation(3), (4) · Date of Construction · Date Acquired(5) · Life on Which Depreciation in Statements of Operations and Comprehensive Income is Computed | |||||||||||||||||
| Dollar Stores | Tallassee | AL | — | 228 | 1,278 | — | — | 228 | 1,278 | 1,506 | (31) | 2022 | 4/26/2023 | 12 | to | 35 | Years |
| Dollar Stores | Rainbow City | AL | — | 79 | 1,361 | — | — | 79 | 1,361 | 1,440 | (37) | 2022 | 4/26/2023 | 9 | to | 35 | Years |
| Dollar Stores | Headland | AL | — | 199 | 1,571 | — | — | 199 | 1,571 | 1,770 | (39) | 2023 | 4/26/2023 | 8 | to | 35 | Years |
| Dollar Stores | Killen | AL | — | 131 | 1,534 | — | — | 131 | 1,534 | 1,665 | (37) | 2023 | 4/26/2023 | 13 | to | 35 | Years |
| Dollar Stores | Ozark | AL | — | 296 | 1,334 | — | — | 296 | 1,334 | 1,630 | (36) | 2023 | 4/26/2023 | 8 | to | 35 | Years |
| Dollar Stores | Falkville | AL | — | 327 | 1,434 | — | — | 327 | 1,434 | 1,761 | (38) | 2023 | 4/26/2023 | 13 | to | 35 | Years |
| Drug Stores & Pharmacies | Chelmsford | MA | — | 2,729 | — | — | — | 2,729 | — | 2,729 | — | 2012 | 4/26/2023 | ||||
| Drug Stores & Pharmacies | Houston | TX | — | 1,209 | 3,058 | — | — | 1,209 | 3,058 | 4,267 | (75) | 2004 | 4/26/2023 | 7 | to | 35 | Years |
| Drug Stores & Pharmacies | Westampton | NJ | — | 1,251 | 3,225 | — | — | 1,251 | 3,225 | 4,476 | (99) | 2008 | 4/26/2023 | 6 | to | 30 | Years |
| Grocery | Park Ridge | IL | — | 3,967 | 10,810 | — | — | 3,967 | 10,810 | 14,777 | (274) | 2013 | 4/26/2023 | 8 | to | 35 | Years |
| Grocery | O'Fallon | IL | — | 2,076 | 4,936 | — | — | 2,076 | 4,936 | 7,012 | (234) | 1996 | 4/26/2023 | 4 | to | 20 | Years |
| Sporting Goods | Frisco | TX | — | 2,409 | 9,316 | — | — | 2,409 | 9,316 | 11,725 | (240) | 2012 | 4/26/2023 | 10 | to | 35 | Years |
| Dollar Stores | Warren | OH | — | 366 | 1,054 | — | — | 366 | 1,054 | 1,420 | (29) | 2023 | 4/28/2023 | 4 | to | 34 | Years |
| Dollar Stores | Alamogordo | NM | — | 483 | 1,469 | — | — | 483 | 1,469 | 1,952 | (14) | 2023 | 5/1/2023 | 8 | to | 35 | Years |
| Dollar Stores | Wise | VA | — | 419 | 1,163 | — | — | 419 | 1,163 | 1,582 | (29) | 2023 | 5/2/2023 | 3 | to | 34 | Years |
| Dollar Stores | Lodi | NY | — | 288 | 1,173 | — | — | 288 | 1,173 | 1,461 | (7) | 2023 | 5/4/2023 | 8 | to | 30 | Years |
| Dollar Stores | Marion | LA | — | 135 | 1,322 | — | — | 135 | 1,322 | 1,457 | (14) | 2023 | 5/12/2023 | 10 | to | 35 | Years |
| Dollar Stores | Eros | LA | — | 215 | 1,309 | — | — | 215 | 1,309 | 1,524 | (17) | 2023 | 5/12/2023 | 10 | to | 35 | Years |
| Dollar Stores | Hackberry | LA | — | 275 | 1,186 | — | — | 275 | 1,186 | 1,461 | (17) | 2023 | 5/12/2023 | 10 | to | 35 | Years |
| Dollar Stores | Summit | MS | — | 292 | 1,196 | — | — | 292 | 1,196 | 1,488 | (12) | 2023 | 5/19/2023 | 10 | to | 35 | Years |
| Dollar Stores | Blossom | TX | — | 166 | 1,312 | — | — | 166 | 1,312 | 1,478 | (10) | 2023 | 5/19/2023 | 8 | to | 35 | Years |
| Dollar Stores | Bellefonte | PA | — | 343 | 1,313 | — | — | 343 | 1,313 | 1,656 | (7) | 2023 | 5/19/2023 | 8 | to | 35 | Years |
| Dollar Stores | Endicott | NY | — | 433 | 1,148 | — | — | 433 | 1,148 | 1,581 | (8) | 2023 | 5/19/2023 | 8 | to | 35 | Years |
| Dollar Stores | Taft | TX | — | 355 | 1,360 | — | — | 355 | 1,360 | 1,715 | (12) | 2023 | 5/26/2023 | 10 | to | 35 | Years |
| Dollar Stores | Lawndale | NC | — | 299 | 1,732 | — | — | 299 | 1,732 | 2,031 | (37) | 2023 | 5/30/2023 | 8 | to | 35 | Years |
| Dollar Stores | Haleyville | AL | — | 158 | 1,205 | — | — | 158 | 1,205 | 1,363 | (26) | 2023 | 5/30/2023 | 8 | to | 35 | Years |
| Dollar Stores | Demopolis | AL | — | 154 | 1,321 | — | — | 154 | 1,321 | 1,475 | (30) | 2023 | 5/30/2023 | 9 | to | 35 | Years |
| Dollar Stores | Moundville | AL | — | 47 | 1,766 | — | — | 47 | 1,766 | 1,813 | (38) | 2023 | 5/30/2023 | 8 | to | 35 | Years |
| Dollar Stores | West Columbia | TX | — | 583 | 1,194 | — | — | 583 | 1,194 | 1,777 | (9) | 1975 | 5/31/2023 | 10 | to | 35 | Years |
| Dollar Stores | Valley View | TX | — | 276 | 1,187 | — | — | 276 | 1,187 | 1,463 | (15) | 1981 | 5/31/2023 | 10 | to | 35 | Years |
| Grocery | Elkhart | IN | — | 662 | 5,175 | — | — | 662 | 5,175 | 5,837 | (200) | 2006 | 6/1/2023 | 5 | to | 19 | Years |
| Dollar Stores | Defuniak Springs | FL | — | 300 | 983 | — | — | 300 | 983 | 1,283 | (21) | 1994 | 6/7/2023 | 8 | to | 35 | Years |
| Dollar Stores | Kenmare | ND | — | 254 | 1,478 | — | — | 254 | 1,478 | 1,732 | (2) | 2023 | 6/7/2023 | 8 | to | 35 | Years |
| Dollar Stores | Boyce | LA | — | 218 | 1,318 | — | — | 218 | 1,318 | 1,536 | (6) | 2023 | 6/13/2023 | 8 | to | 35 | Years |
| Dollar Stores | Gainesville | TX | — | 312 | 1,476 | — | — | 312 | 1,476 | 1,788 | (11) | 2023 | 6/13/2023 | 9 | to | 35 | Years |
| Dollar Stores | Lonoke | AR | — | 163 | 1,303 | — | — | 163 | 1,303 | 1,466 | (6) | 2023 | 6/13/2023 | 8 | to | 35 | Years |
| Dollar Stores | Eden | NC | — | 195 | 1,036 | — | — | 195 | 1,036 | 1,231 | (22) | 1995 | 6/21/2023 | 9 | to | 35 | Years |
| Dollar Stores | Homerville | GA | — | 273 | 1,204 | — | — | 273 | 1,204 | 1,477 | (25) | 2023 | 6/21/2023 | 9 | to | 35 | Years |
| Dollar Stores | Louisville | GA | — | 545 | 939 | — | — | 545 | 939 | 1,484 | (19) | 2023 | 6/21/2023 | 9 | to | 35 | Years |
| Dollar Stores | Reidsville | NC | — | 324 | 1,030 | — | — | 324 | 1,030 | 1,354 | (22) | 2023 | 6/21/2023 | 9 | to | 35 | Years |
| Dollar Stores | Christoval | TX | — | 323 | 1,537 | — | — | 323 | 1,537 | 1,860 | (10) | 1973 | 7/6/2023 | 12 | to | 35 | Years |
| Dollar Stores | Wilkesboro | NC | — | 309 | 1,120 | — | — | 309 | 1,120 | 1,429 | (20) | 2023 | 7/7/2023 | 9 | to | 35 | Years |
| Automotive Service | Dalton | GA | — | 324 | 2,697 | — | — | 324 | 2,697 | 3,021 | (11) | 2023 | 7/10/2023 | 8 | to | 35 | Years |
| Dollar Stores | Mount Orab | OH | — | 227 | 1,458 | — | — | 227 | 1,458 | 1,685 | (10) | 1971 | 7/10/2023 | 13 | to | 35 | Years |
| Dollar Stores | Algona | IA | — | 199 | 980 | — | — | 199 | 980 | 1,179 | (47) | 1975 | 7/14/2023 | 4 | to | 13 | Years |
| Dollar Stores | Ida Grove | IA | — | 55 | 1,270 | — | — | 55 | 1,270 | 1,325 | (23) | 1981 | 7/14/2023 | 9 | to | 29 | Years |
| Sporting Goods | Horseheads | NY | — | 491 | 5,772 | — | — | 491 | 5,772 | 6,263 | (117) | 2009 | 7/18/2023 | 6 | to | 32 | Years |
| Description · Initial Cost to Company · Cost Capitalized Subsequent to Acquisition(1) · Gross Amount as of December 31, 2023(2), (3) | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Industry · City · State · Encumbrances · Land · Building and Improvements · Land · Building and Improvements · Land · Building and Improvements · Total · Accumulated Depreciation(3), (4) · Date of Construction · Date Acquired(5) · Life on Which Depreciation in Statements of Operations and Comprehensive Income is Computed | |||||||||||||||||
| Dollar Stores | Bethune | SC | — | 121 | 1,136 | — | — | 121 | 1,136 | 1,257 | (22) | 1994 | 7/19/2023 | 7 | to | 33 | Years |
| Dollar Stores | Mocksville | NC | — | 210 | 1,318 | — | — | 210 | 1,318 | 1,528 | (18) | 2023 | 8/1/2023 | 9 | to | 35 | Years |
| Dollar Stores | New Lebanon | OH | — | 275 | 1,340 | — | — | 275 | 1,340 | 1,615 | (5) | 2023 | 8/11/2023 | 12 | to | 35 | Years |
| Dollar Stores | Darien | NY | — | 201 | 1,467 | — | — | 201 | 1,467 | 1,668 | (20) | 2023 | 8/14/2023 | 9 | to | 35 | Years |
| Dollar Stores | Ashville | AL | — | 146 | 1,386 | — | — | 146 | 1,386 | 1,532 | (20) | 2023 | 8/14/2023 | 9 | to | 35 | Years |
| Dollar Stores | Hobbs | NM | — | 440 | 1,499 | — | — | 440 | 1,499 | 1,939 | (2) | 2023 | 8/16/2023 | 9 | to | 35 | Years |
| Grocery | Madison | WI | — | 1,162 | 7,012 | — | — | 1,162 | 7,012 | 8,174 | (123) | 1999 | 8/16/2023 | 5 | to | 26 | Years |
| Dollar Stores | George | WA | — | 315 | 2,060 | — | — | 315 | 2,060 | 2,375 | (3) | 2023 | 8/18/2023 | 12 | to | 35 | Years |
| Dollar Stores | Oakwood | VA | — | 189 | 865 | — | — | 189 | 865 | 1,054 | (23) | 1995 | 8/24/2023 | 4 | to | 20 | Years |
| Dollar Stores | Moses Lake | WA | — | 382 | 2,065 | — | — | 382 | 2,065 | 2,447 | (3) | 2023 | 8/28/2023 | 12 | to | 35 | Years |
| Grocery | Somers | NY | — | 11,127 | 17,038 | — | — | 11,127 | 17,038 | 28,165 | (147) | 2002 | 9/13/2023 | 4 | to | 35 | Years |
| Dollar Stores | Canaseraga | NY | — | 225 | 1,477 | — | — | 225 | 1,477 | 1,702 | (16) | 2023 | 9/21/2023 | 9 | to | 35 | Years |
| Telecommunications | Coshocton | OH | — | 634 | 1,319 | — | — | 634 | 1,319 | 1,953 | (13) | 2023 | 9/21/2023 | 9 | to | 35 | Years |
| Casual Dining | Portland | OR | — | 2,030 | — | — | — | 2,030 | — | 2,030 | — | 2000 | 9/27/2023 | ||||
| Casual Dining | Portland | OR | — | 1,960 | — | — | — | 1,960 | — | 1,960 | — | 2003 | 9/27/2023 | ||||
| Home Improvement | Great Bend | KS | — | 120 | 943 | — | — | 120 | 943 | 1,063 | (18) | 1973 | 9/27/2023 | 4 | to | 19 | Years |
| Dollar Stores | Marion | AL | — | 157 | 1,547 | — | — | 157 | 1,547 | 1,704 | (22) | 2015 | 9/28/2023 | 8 | to | 32 | Years |
| Dollar Stores | Foley | AL | — | 264 | 1,609 | — | — | 264 | 1,609 | 1,873 | (20) | 2023 | 9/28/2023 | 10 | to | 35 | Years |
| Dollar Stores | Baker | FL | — | 128 | 1,575 | — | — | 128 | 1,575 | 1,703 | (19) | 2023 | 9/28/2023 | 10 | to | 35 | Years |
| Dollar Stores | Gerry | NY | — | 122 | 1,493 | — | — | 122 | 1,493 | 1,615 | (16) | 2023 | 9/28/2023 | 10 | to | 35 | Years |
| Grocery | Verona | WI | — | 2,709 | 14,479 | — | — | 2,709 | 14,479 | 17,188 | (144) | 2019 | 9/28/2023 | 8 | to | 35 | Years |
| Home Improvement | Elk Grove Village | IL | — | 5,783 | 9,812 | — | — | 5,783 | 9,812 | 15,595 | (131) | 1995 | 10/2/2023 | 6 | to | 20 | Years |
| Dollar Stores | Lake Park | GA | — | 406 | 1,215 | — | — | 406 | 1,215 | 1,621 | (9) | 2023 | 10/5/2023 | 8 | to | 35 | Years |
| Dollar Stores | Macon | GA | — | 265 | 1,392 | — | — | 265 | 1,392 | 1,657 | (10) | 2023 | 10/5/2023 | 9 | to | 35 | Years |
| Dollar Stores | Perry | GA | — | 197 | 1,556 | — | — | 197 | 1,556 | 1,753 | (12) | 2023 | 10/5/2023 | 8 | to | 35 | Years |
| Dollar Stores | Salisbury | NC | — | 365 | 1,142 | — | — | 365 | 1,142 | 1,507 | (10) | 2023 | 10/5/2023 | 9 | to | 35 | Years |
| Dollar Stores | Sylvania | GA | — | 461 | 1,269 | — | — | 461 | 1,269 | 1,730 | (10) | 2023 | 10/5/2023 | 9 | to | 35 | Years |
| Dollar Stores | Graceville | FL | — | 195 | 1,695 | — | — | 195 | 1,695 | 1,890 | (12) | 2023 | 10/26/2023 | 8 | to | 35 | Years |
| Dollar Stores | Centre | AL | — | 107 | 1,402 | — | — | 107 | 1,402 | 1,509 | (10) | 2023 | 10/31/2023 | 12 | to | 35 | Years |
| Dollar Stores | Vernon | AL | — | 214 | 1,516 | — | — | 214 | 1,516 | 1,730 | (11) | 2023 | 10/31/2023 | 12 | to | 35 | Years |
| Dollar Stores | Addison | AL | — | 177 | 1,684 | — | — | 177 | 1,684 | 1,861 | (12) | 2023 | 10/31/2023 | 12 | to | 35 | Years |
| Dollar Stores | Highland Home (Lapine) | AL | — | 197 | 1,947 | — | — | 197 | 1,947 | 2,144 | (15) | 2023 | 10/31/2023 | 8 | to | 35 | Years |
| Dollar Stores | Jasper | AL | — | 245 | 1,738 | — | — | 245 | 1,738 | 1,983 | (8) | 2023 | 11/1/2023 | 13 | to | 35 | Years |
| Telecommunications | Meadville | PA | — | 756 | 1,247 | — | — | 756 | 1,247 | 2,003 | (6) | 2023 | 11/15/2023 | 9 | to | 35 | Years |
| Dollar Stores | Pulaski | NY | — | 183 | 1,317 | — | — | 183 | 1,317 | 1,500 | (8) | 1997 | 11/21/2023 | 5 | to | 25 | Years |
| Dollar Stores | Harlan | IA | — | 452 | 873 | — | — | 452 | 873 | 1,325 | (7) | 2022 | 11/29/2023 | 4 | to | 21 | Years |
| Dollar Stores | Phenix City | AL | — | 253 | 1,833 | — | — | 253 | 1,833 | 2,086 | (3) | 2023 | 12/1/2023 | 13 | to | 35 | Years |
| Grocery | Manitowoc | WI | — | 1,550 | 9,348 | — | — | 1,550 | 9,348 | 10,898 | (16) | 2008 | 12/11/2023 | 5 | to | 31 | Years |
| Dollar Stores | Baker | FL | — | 253 | 1,619 | — | — | 253 | 1,619 | 1,872 | (2) | 2023 | 12/12/2023 | 8 | to | 35 | Years |
| Dollar Stores | Lehighton | PA | — | 181 | 973 | — | — | 181 | 973 | 1,154 | (2) | 2019 | 12/21/2023 | 7 | to | 35 | Years |
| Dollar Stores | Shohola | PA | — | 256 | 918 | — | — | 256 | 918 | 1,174 | (2) | 2018 | 12/21/2023 | 8 | to | 35 | Years |
| Dollar Stores | Fenton | LA | — | 112 | 846 | — | — | 112 | 846 | 958 | (1) | 2022 | 12/21/2023 | 12 | to | 35 | Years |
| Dollar Stores | Salem | OH | — | 183 | 892 | — | — | 183 | 892 | 1,075 | (2) | 2020 | 12/21/2023 | 8 | to | 35 | Years |
| Dollar Stores | Medina | OH | — | 215 | 948 | — | — | 215 | 948 | 1,163 | (2) | 2020 | 12/21/2023 | 8 | to | 35 | Years |
| Dollar Stores | Mansfield | OH | — | 133 | 1,027 | — | — | 133 | 1,027 | 1,160 | (2) | 2020 | 12/21/2023 | 8 | to | 35 | Years |
| Dollar Stores | Konowa | OK | — | 109 | 1,249 | — | — | 109 | 1,249 | 1,358 | (2) | 2023 | 12/21/2023 | 10 | to | 35 | Years |
| Dollar Stores | Cookville | TX | — | 243 | 1,066 | — | — | 243 | 1,066 | 1,309 | (2) | 2023 | 12/21/2023 | 10 | to | 35 | Years |
| Description · Initial Cost to Company · Cost Capitalized Subsequent to Acquisition(1) · Gross Amount as of December 31, 2023(2), (3) | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Industry · City · State · Encumbrances · Land · Building and Improvements · Land · Building and Improvements · Land · Building and Improvements · Total · Accumulated Depreciation(3), (4) · Date of Construction · Date Acquired(5) · Life on Which Depreciation in Statements of Operations and Comprehensive Income is Computed | |||||||||||||||||
| Dollar Stores | Cordele | GA | — | 190 | 1,217 | — | — | 190 | 1,217 | 1,407 | (2) | 2023 | 12/21/2023 | 10 | to | 35 | Years |
| Dollar Stores | DeBerry | TX | — | 239 | 1,108 | — | — | 239 | 1,108 | 1,347 | (2) | 2023 | 12/21/2023 | 10 | to | 35 | Years |
| Dollar Stores | Lavaca | AR | — | 128 | 1,082 | — | — | 128 | 1,082 | 1,210 | (2) | 2006 | 12/21/2023 | 9 | to | 31 | Years |
| Dollar Stores | Wetumpka | AL | — | 112 | 1,328 | — | — | 112 | 1,328 | 1,440 | (2) | 2023 | 12/28/2023 | 9 | to | 35 | Years |
| Dollar Stores | Livingston | AL | — | 181 | 1,378 | — | — | 181 | 1,378 | 1,559 | (2) | 2023 | 12/28/2023 | 12 | to | 35 | Years |
| Dollar Stores | Warrior | AL | — | 208 | 1,174 | — | — | 208 | 1,174 | 1,382 | (2) | 2023 | 12/28/2023 | 12 | to | 35 | Years |
| Dollar Stores | Andrews | NC | — | 220 | 1,792 | — | — | 220 | 1,792 | 2,012 | (3) | 2023 | 12/28/2023 | 8 | to | 35 | Years |
| Dollar Stores | Blakeslee | PA | — | 191 | 1,056 | — | — | 191 | 1,056 | 1,247 | — | 2020 | 12/29/2023 | 7 | to | 35 | Years |
| $8,361 | $461,265 | $1,142,488 | $(369) | $7,321 | $460,896 | $1,149,809 | $1,610,705 | $(101,210) | |||||||||
(1) Amounts shown as reductions to cost capitalized subsequent to acquisition represent provisions recorded for impairment of real estate.
(2)The aggregate cost for federal income tax purposes is $1.6 billion (unaudited).
(3) Properties with no building value represent a property for which the Company owns only the land, therefore depreciation and estimated life for depreciation are not applicable.
(4) Depreciation is calculated using the straight-line method over the estimated useful life of the asset, which is up to 35 years for buildings and up to 15 years for building improvements.
(5) The acquisition dates for properties acquired prior to December 23, 2019 are stated at the Company’s Private Offering and formation transactions date of December 23, 2019.
The following is a reconciliation of carrying value for land and building and improvements for the periods presented (in thousands):
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Balance, beginning of year | $1,308,230 | $926,392 | $547,733 |
| Additions | |||
| Acquisitions | 306,564 | 398,177 | 393,147 |
| Improvements | 4,098 | 2,383 | 1,227 |
| Property under development completed and placed in service | 64,711 | 22,510 | 2,909 |
| Deductions | |||
| Reclasses to held for sale | (66,762) | (37,880) | (1,990) |
| Provisions for impairment | (3,509) | (1,067) | — |
| Involuntary conversion of assets (1) | — | — | (502) |
| Dispositions | (2,627) | (2,285) | (16,132) |
| Balance, end of year | $1,610,705 | $1,308,230 | $926,392 |
(1)The Company incurred significant damage to a property in Houma, Louisiana as a result of Hurricane Ida making landfall in August 2021. For the year ended December 31, 2022, the Company recorded a loss based on estimated damages of $0.5 million in the accompanying consolidated statements of operations and comprehensive income (loss).
The following is a reconciliation of accumulated depreciation for the periods presented (in thousands):
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Balance, beginning of year | $62,526 | $30,669 | $10,111 |
| Additions | |||
| Depreciation expense | 44,104 | 33,584 | 21,049 |
| Deductions | |||
| Reclasses to held for sale | (5,154) | (1,610) | (35) |
| Provisions for impairment | (63) | — | — |
| Involuntary conversion of assets (1) | — | — | (12) |
| Dispositions | (203) | (117) | (444) |
| Balance, end of year | $101,210 | $62,526 | $30,669 |
(1)The Company incurred significant damage to a property in Houma, Louisiana as a result of Hurricane Ida making landfall in August 2021. As of December 31, 2023, the Company recorded a loss based on estimated damages of $0.5 million in the accompanying consolidated statements of operations and comprehensive income (loss).
See report of independent registered public accounting firm.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.