Completion of Acquisition or Disposition of Assets
Item 2.01 Completion of Acquisition or Disposition of Assets. On July 15, 2026, GIPCA 991 Nut Tree Road, LLC, an indirect wholly owned subsidiary of Generation Income Properties, Inc.…
We are an internally managed real estate investment trust focused on acquiring and managing income-producing retail, office and industrial properties net leased to high-quality tenants in major markets throughout the United States. As of March 31, 2026, our portfolio consisted of 24 properties comprising approximately 467,995 rentable square feet across 12 states, with approximately 70% of annualized base rent derived from retail properties and 30% from office properties. In April 2026, we completed the sale of our Dollar Tree-occupied net lease retail property in Morrow, Georgia and in May 2026, we completed the sale of our Starbucks-occupied net lease retail property in Tampa, Florida. As a result of such sales, we owned 22 properties as of the date of this prospectus. See “—Portfolio Update.” We believe our focus on owning properties leased to investment grade or creditworthy tenants provides attractive risk-adjusted returns through current yields, long-term appreciation and tenant renewals.
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Item 2.01Item 2.01 - Completion of Acquisition
Item 2.01 Completion of Acquisition or Disposition of Assets.
On July 15, 2026, GIPCA 991 Nut Tree Road, LLC, an indirect wholly owned subsidiary of Generation Income Properties, Inc. (the “Company”), completed the sale of its net lease property located at 991 Nut Tree Road, Vacaville, California (the “Property”), which is occupied by the United States of America pursuant to a Lease for Real Property dated August 18, 2010, as amended (the “Lease”). The Property was sold pursuant to a Purchase and Sale Agreement (the “Purchase and Sale Agreement”), entered into effective as of April 29, 2026, by and between GIPCA 991 Nut Tree Road, LLC, as seller, and Taricens Medical Estates LLC, a California limited liability company, as purchaser.
The Property was sold for a purchase price of $2,475,000, subject to customary prorations and adjustments, resulting in net proceeds to the Company of approximately $2,356,757, after payment of closing costs, brokerage commissions, and other customary closing adjustments.
The foregoing description of the Purchase and Sale Agreement is qualified in its entirety by the full text of the Purchase and Sale Agreement, a copy of which is attached to this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference.