Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when GIPR files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsGeneration Income Properties sells Tampa Starbucks property for $3.0M, nets $2.0M
Filed May 22, 2026 · Period ending May 22, 2026 · ~1 min read
Key Changes
-
high
Company completed sale of Starbucks-occupied retail property at 10002 N. Dale Mabry Highway in Tampa for $2,964,000, receiving net proceeds of $1,959,170 after adjustments.
Item 2.01 verify on EDGAR → -
medium
Sale was executed through subsidiary GIPFL 10002 N Dale Mabry, LLC under purchase agreement originally signed April 10, 2026, with buyer subsequently assigning contract to another entity.
Item 2.01 verify on EDGAR → -
medium
Filed pro forma financials showing impact of property sale as if it occurred January 1, 2025 for income statement and March 31, 2026 for balance sheet purposes.
Item 9.01 verify on EDGAR → -
low
8-K references Item 1.01 material definitive agreement but filing text appears incomplete or truncated with no details disclosed.
Item 1.01 verify on EDGAR →
Summary
Generation Income Properties completed the sale of a single-tenant Starbucks retail property in Tampa, Florida for approximately $3.0 million, netting roughly $2.0 million in proceeds. The transaction disposes of one asset from the company's net lease retail portfolio and provides liquidity that could be redeployed into new acquisitions or used for other corporate purposes.
For retail investors, this represents a straightforward asset sale at a disclosed price. The $1.0 million difference between gross and net proceeds suggests existing debt or transaction costs, which is typical for commercial real estate dispositions. The company filed pro forma financials to show what its balance sheet and operations would look like excluding this property.
Watch for management commentary on how the $2.0 million in proceeds will be used—whether for debt reduction, new property acquisitions, or general corporate purposes. Also note the 8-K references a material definitive agreement under Item 1.01 but provides no details, which may warrant follow-up disclosure.
Section-by-Section Diff
Event · Item 1.01 — Entry into a Material Definitive Agreement
Item 1.01 — Entry into a Material Definitive Agreement filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
Item 1.01 Entry into a Material Definitive Agreement The disclosure under
The 8-K indicates Item 1.01 was triggered, signaling entry into a material definitive agreement, but the filing text provided is incomplete or truncated. No details about the agreement, counterparties, terms, or business impact are available in the excerpt.
Event · Item 2.01 — Completion of Acquisition or Disposition of Assets
Item 2.01 — Completion of Acquisition or Disposition of Assets filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
The Property was sold for a purchase price of $2,964,000, subject to customary prorations and adjustments, resulting in net proceeds to the Company of $1,959,170.
The property sold for approximately $3.0 million gross, with the Company receiving net proceeds of about $2.0 million after adjustments. This represents a disposition of a single-tenant retail asset and provides liquidity to the Company.
Event · Item 9.01 — Financial Statements and Exhibits
Item 9.01 — Financial Statements and Exhibits filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
Purchase and Sale Agreement, entered into effective April 10, 2026, by and between GIPFL 10002 N Dale Mabry, LLC and Andrew Livingstone.
The company entered into a purchase and sale agreement on April 10, 2026 to sell a property located at 10002 N Dale Mabry to Andrew Livingstone. The filing includes pro forma financial statements showing the impact of this sale as if it had occurred on January 1, 2025 for income statement purposes and as of March 31, 2026 for balance sheet purposes.
Added in current filing · verify on EDGAR →
The pro forma financial information is based on the historical financial statements of the Company and gives effect to the sale of the Property as if the sale had occurred on January 1, 2025 for the purposes of the unaudited pro forma condensed consolidated statements of operations, and as of March 31, 2026 for the purposes of the unaudited pro forma condensed consolidated balance sheet.
The company filed unaudited pro forma financial statements including a balance sheet as of March 31, 2026 and statements of operations for Q1 2026 and full year 2025. These pro forma statements adjust historical results to reflect the property sale, allowing investors to see the company's financial position and performance excluding this asset.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · May 25, 2026 · How we verify