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As Of Filer Filing For·On·As Docs:Size 2/23/18 Spirit Realty Capital, Inc. 10-K 12/31/17 122:197M Spirit Realty, L.P. |
Document/Exhibit Description Pages Size 1: 10-K Annual Report HTML 7.59M 2: EX-4.18 Instrument Defining the Rights of Security Holders HTML 303K 3: EX-4.19 Instrument Defining the Rights of Security Holders HTML 43K 4: EX-4.20 Instrument Defining the Rights of Security Holders HTML 809K 5: EX-4.21 Instrument Defining the Rights of Security Holders HTML 47K 6: EX-10.41 Material Contract HTML 523K 8: EX-21.1 Subsidiaries List -- exhibit211 HTML 88K 9: EX-23.1 Consent of Experts or Counsel -- exhibit231 HTML 37K 10: EX-23.2 Consent of Experts or Counsel -- exhibit232 HTML 35K 7: EX-12.1 Statement re: Computation of Ratios -- exhibit121 HTML 65K 11: EX-31.1 Certification -- §302 - SOA'02 HTML 42K 12: EX-31.2 Certification -- §302 - SOA'02 HTML 42K 13: EX-31.3 Certification -- §302 - SOA'02 HTML 42K 14: EX-31.4 Certification -- §302 - SOA'02 HTML 42K 15: EX-32.1 Certification -- §906 - SOA'02 HTML 40K 16: EX-32.2 Certification -- §906 - SOA'02 HTML 40K 23: R1 Document and Entity Information HTML 68K 24: R2 Consolidated Balance Sheets HTML 141K 25: R3 Consolidated Balance Sheets (Parenthetical) HTML 71K 26: R4 Consolidated Statements of Operations HTML 161K 27: R5 Consolidated Statements of Comprehensive Income HTML 54K (Loss) 28: R6 Consolidated Statements of Stockholders' Equity HTML 116K 29: R7 Consolidated Statements of Partners' Capital HTML 106K Statement 30: R8 Consolidated Statements of Cash Flows HTML 171K 31: R9 Organization HTML 40K 32: R10 Summary of Significant Accounting Policies HTML 106K 33: R11 Investments HTML 213K 34: R12 Debt HTML 206K 35: R13 Derivative and Hedging Activities HTML 72K 36: R14 Income Taxes HTML 66K 37: R15 Stockholders' Equity and Partners' Capital HTML 103K 38: R16 Commitments and Contingencies HTML 67K 39: R17 Fair Value Measurements HTML 171K 40: R18 Significant Credit and Revenue Concentration HTML 39K 41: R19 Discontinued Operations HTML 64K 42: R20 Supplemental Cash Flow Information HTML 68K 43: R21 Incentive Award Plan and Employee Benefit Plan HTML 114K 44: R22 Income (Loss) Per Share and Partnership Unit HTML 92K 45: R23 Costs Associated With Restructuring Activities HTML 40K 46: R24 Consolidated Quarterly Financial Data HTML 135K 47: R25 Subsequent Events HTML 45K 48: R26 Schedule III Real Estate and Accumulated HTML 77K Depreciation 49: R27 Schedule IV Mortgage Loans on Real Estate HTML 127K 50: R28 Summary of Significant Accounting Policies HTML 123K (Policies) 51: R29 Summary of Significant Accounting Policies HTML 62K (Tables) 52: R30 Investments (Tables) HTML 219K 53: R31 Debt (Tables) HTML 172K 54: R32 Derivative and Hedging Activities (Tables) HTML 70K 55: R33 Income Taxes (Tables) HTML 63K 56: R34 Stockholders' Equity and Partners' Capital HTML 87K (Tables) 57: R35 Commitments and Contingencies (Tables) HTML 54K 58: R36 Fair Value Measurements (Tables) HTML 165K 59: R37 Discontinued Operations (Tables) HTML 67K 60: R38 Supplemental Cash Flow Information (Tables) HTML 67K 61: R39 Incentive Award Plan and Employee Benefit Plan HTML 102K (Tables) 62: R40 Income (Loss) Per Share and Partnership Unit HTML 91K (Tables) 63: R41 Consolidated Quarterly Financial Data (Tables) HTML 135K 64: R42 Organization - 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Document |
ANNUAL
REPORT PURSUANT TO SECTION 13 OR 15(d) |
OF THE SECURITIES EXCHANGE ACT OF 1934. |
Spirit Realty Capital, Inc. | Maryland | 20-1676382 | ||
Spirit Realty, L.P. | Delaware | 20-1127940 | ||
(State
or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification Number) | |||
(972)
476-1900 | ||||
(Address of principal executive offices; zip code) | (Registrant’s telephone number, including area code) |
Title
of each class: | Name of exchange on which registered: | |||
Spirit Realty Capital, Inc. | Common Stock, $0.01 par value per share | New York Stock Exchange | ||
6.000% Series A Cumulative Redeemable Preferred Stock, $0.01 par value per share | New
York Stock Exchange | |||
Spirit Realty, L.P. | None | None |
Spirit Realty Capital, Inc. | None | |
Spirit Realty,
L.P. | None | |
Large accelerated filer | x | Accelerated filer | o | Non-accelerated filer | o | Smaller reporting company | o |
Large accelerated filer | o | Accelerated filer | x | Non-accelerated filer | o | Smaller reporting company | o |
• | enhancing investors’ understanding of our Company and Operating Partnership by enabling investors to view the business as a whole, reflective of how management views and operates the business; |
• | eliminating duplicative disclosure and providing a streamlined presentation as a substantial portion of the disclosures apply to both our Company
and Operating Partnership; and |
• | creating time and cost efficiencies by preparing one combined report in lieu of two separate reports. |
PART
I | ||
Item 1. | Business | |
Item 1A. | Risk Factors | |
Item 1B. | Unresolved Staff Comments | |
Item
2. | Properties | |
Item 3. | Legal Proceedings | |
Item 4. | Mine Safety Disclosure | |
PART II | ||
Item
5. | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | |
Item 6. | Selected Financial Data | |
Item 7. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | |
Item
7A. | Quantitative and Qualitative Disclosures About Market Risk | |
Item 8. | Financial Statements and Supplementary Data | |
Item 9. | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure | |
Item 9A. | Controls
and Procedures | |
Item 9B. | Other Information | |
PART III | ||
Item 10. | Directors, Executive Officers and Corporate Governance | |
Item
11. | Executive Compensation | |
Item 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | |
Item 13. | Certain Relationships and Related Transactions, and Director Independence | |
Item
14. | Principal Accountant Fees and Services | |
PART IV | ||
Item 15. | Exhibits, Financial Statement Schedules | |
SIGNATURES |
Definitions: | |
1031
Exchange | Tax-deferred like-kind exchange of properties held for business or investment purposes, pursuant to Section 1031 of the Code |
2013 Credit Facility | $400.0 million secured credit facility pursuant to the credit agreement between the Operating Partnership and certain lenders dated July 17, 2013 |
2017 Tax Legislation | Tax Cuts and Jobs Act |
2019 Notes | $402.5 million convertible notes of the Corporation due in 2019 |
2021
Notes | $345.0 million convertible notes of the Corporation due in 2021 |
ACM | Asbestos-Containing Materials |
ADA | Americans with Disabilities Act |
AFFO | Adjusted Funds From Operations |
Amended Incentive Award Plan | Amended and Restated Spirit Realty Capital, Inc. and Spirit Realty, L.P. 2012 Incentive Award Plan |
AOCL | Accumulated
Other Comprehensive Loss |
ASC | Accounting Standards Codification |
ASU | Accounting Standards Update |
ATM Program | At the Market equity distribution program, pursuant to which the Corporation may offer and sell registered shares of common stock from time to time |
CMBS | Commercial Mortgage Backed Securities |
Code | Internal
Revenue Code of 1986, as amended |
Cole II | Cole Credit Property Trust II, Inc. |
Collateral Pools | Pools of collateral assets that are pledged to the indenture trustee for the benefit of the noteholders and secure obligations of issuers under the Spirit Master Funding Program |
Company | The Corporation and its consolidated subsidiaries |
Contractual Rent | Monthly contractual cash rent and earned income from direct financing leases, excluding percentage
rents, from our properties owned fee-simple or ground leased, recognized during the final month of the reporting period, adjusted to exclude amounts received from properties sold during that period and adjusted to include a full month of contractual rent for properties acquired during that period |
Convertible Notes | The 2019 Notes and 2021 Notes, together |
Corporation | Spirit Realty Capital, Inc., a Maryland corporation |
CPI | Consumer Price Index |
Credit Agreement | Revolving
credit facility agreement between the Operating Partnership and certain lenders dated March 31, 2015, as amended or otherwise modified from time to time |
EBITDA | Earnings Before Interest, Taxes, Depreciation and Amortization |
EBITDAR | Earnings Before Interest, Taxes, Depreciation, Amortization and Rent |
EDF | Expected Default Frequency |
Exchange Act | Securities Exchange Act of 1934, as amended |
Exchange
Offer | The May 2014 exchange of the outstanding principal balance of three series of existing net-lease mortgage notes for three series of newly issued 2014 Notes |
FASB | Financial Accounting Standards Board |
FFO | Funds From Operations |
Fitch | Fitch Ratings |
GAAP | Generally Accepted Accounting Principles in the United States |
IASB | International
Accounting Standards Board |
IFRS | International Financial Reporting Standards |
IRS | Internal Revenue Service |
LIBOR | London Interbank Offered Rate |
Definitions: | |
Master
Trust 2013 | The net-lease mortgage securitization trust established in 2013 under the Spirit Master Funding Program |
Master Trust 2014 | The net-lease mortgage securitization trust established in 2005 and amended and restated in 2014 under the Spirit Master Funding Program |
Master Trust Exchange Costs | Legal, accounting and financial advisory services costs incurred in connection with the Exchange Offer |
Master Trust Notes | Master Trust 2013 and Master Trust 2014, together |
Master
Trust Release | Proceeds from the sale of assets securing the Master Trust Notes held in restricted accounts until a qualifying substitution is made or until used for principal reduction |
Merger | Acquisition on July 17, 2013 of Cole II by the Company, in which the Company merged with and into the Cole II legal entity |
Merger Exchange Ratio | Merger exchange ratio of 1.9048 |
MGCL | Maryland General Corporation Law |
Moody's | Moody's
Investor Services |
NAREIT | National Association of Real Estate Investment Trusts |
NYSE | New York Stock Exchange |
OP Holdings | Spirit General OP Holdings, LLC |
Operating Partnership | Spirit Realty, L.P., a Delaware limited partnership |
REIT | Real Estate Investment Trust |
Revolving
Credit Facility | $800.0 million unsecured credit facility pursuant to the Credit Agreement |
S&P | Standard & Poor's Rating Services |
SEC | Securities and Exchange Commission |
Securities Act | Securities Act of 1933, as amended |
Senior Unsecured Notes | $300 million aggregate principal amount of senior notes issued in August 2016 |
Series
A Preferred Stock | 6,900,000 shares of 6.000% Cumulative Redeemable Preferred Stock issued October 3, 2017, with a liquidation preference of $25.00 per share. |
Shopko | Specialty Retail Shops Holding Corp. and certain of its affiliates |
SMTA | Spirit MTA REIT, a Maryland real estate investment trust |
Spin-Off | Creation of an independent, publicly traded REIT, SMTA, through contribution of properties leased to Shopko, assets that collateralize Master Trust 2014 and potential
additional assets |
Spirit Master Funding Program | The Company's asset-backed securitization program that comprises Master Trust 2013 and Master Trust 2014 |
Term Loan | $420.0 million senior unsecured term facility pursuant to the Term Loan Agreement |
Term Loan Agreement | Term loan agreement between the Operating Partnership and certain lenders dated November 3, 2015, as amended or otherwise modified from time to time |
TRS | Taxable
REIT Subsidiary, a corporation, other than a REIT, in which a REIT directly or indirectly holds stock and that has made a joint election with such REIT to be treated as a taxable REIT subsidiary |
TSR | Total Shareholder Return |
U.S. | United States |
Vacant | Owned properties which are not economically yielding |
◦ | Leases for Operationally Essential Real Estate with Relatively Long Terms. We seek to own properties that are operationally essential to our tenants, thereby reducing the risk that the tenant would choose not to renew an expiring lease or reject a lease in bankruptcy. In addition, we seek to enter into leases with relatively long terms, typically with non-cancelable initial terms of 15 to 20 years and tenant renewal
options for additional terms with attractive rent escalation provisions. |
◦ | Spirit Property Ranking Model. We use our proprietary ranking model annually to rank all properties in our portfolio, across twelve factors and weightings consisting of real estate quality scores, lease structure quality and credit underwriting criteria. The Spirit Property Rank Model is a key component of both the acquisition and disposition process as well as standard asset management activities. |
◦ | Leases
with a Master Lease Structure. Where appropriate, we seek to enter into master leases whereby we lease multiple properties to a single tenant on an “all or none” basis. In a master lease structure, a tenant is responsible for a single lease payment relating to the entire portfolio of leased properties, as opposed to separate lease payments relating to each individually leased property. The master lease structure prevents a tenant from “cherry picking” locations, where it unilaterally gives up underperforming properties while maintaining its leasehold interest in well-performing properties. As of December 31, 2017, we had 131 active master leases with portfolios of leased properties ranging from 2 to 172
and a weighted average non-cancelable remaining lease term (based on Contractual Rent) of 12.7 years. Master lease revenues contributed approximately 45% of our Contractual Rent. Our largest master lease, with Shopko, consisting of 59 properties, contributed 6.8% of our Contractual Rent, and our smallest master lease, consisting of two properties, contributed less than 0.1% of our Contractual Rent for the month ended December 31, 2017. As of December 31, 2017, the majority of our master leases include between
2 and 10 properties. |
◦ | Active Management and Monitoring of Risks Related to Our Investments. When monitoring existing investments or evaluating new investments, we typically consider two broad categories of risk: (1) tenant financial distress risk and (2) lease renewal risk. We seek to measure these risks through various processes, including the use of a credit modeling product that we license from Moody’s Analytics that estimates the performance of the leased properties relative to rental payments due under the leases and a review of current market data and our historical recovery rates on re-leased properties and property
dispositions. Our underwriting and risk management processes are designed to structure new investments and manage existing investments to address and mitigate each of the above risks and preserve the long-term return on our invested capital. Since our inception, our occupancy has never been below 96.1% (based on number of economically yielding properties), despite the economic downturn of 2008 through 2010. |
◦ | Portfolio Diversification. We monitor and manage the diversification of our real estate investment portfolio in order to reduce the risks associated with adverse developments affecting a particular tenant, property, industry or region. Our strategy emphasizes a portfolio that (1) derives no more than 10%
of its annual rent from any single tenant and no more than 2.0% of its annual rent from any single property, (2) is leased to tenants operating in various industries and (3) is located across the U.S. without significant geographic concentration. While we consider the foregoing when making investments, we have made, and may make investments in the future that do not meet one or more of these criteria, and we may make additional investments that do not meet one or more of these criteria if we believe the opportunity is sufficiently attractive. |
• | industry
and economic conditions; |
• | volatility and uncertainty in the financial markets, including potential fluctuations in the CPI; |
• | our success in implementing our business strategy and our ability to identify, underwrite, finance, consummate, integrate and manage diversifying acquisitions or investments; |
• | the
financial performance of our traditional retail tenants and the demand for traditional retail space, particularly with respect to challenges being experienced by general merchandise retailers; |
• | our ability to diversify our tenant base and reduce the concentration of our significant tenant; |
• | the nature and extent of future competition; |
• | increases
in our costs of borrowing as a result of changes in interest rates and other factors; |
• | our ability to access debt and equity capital markets; |
• | our ability to pay down, refinance, restructure and/or extend our indebtedness as it becomes due; |
• | our ability and willingness to renew our leases
upon expiration and to reposition our properties on the same or better terms upon expiration in the event such properties are not renewed by tenants or we exercise our rights to replace existing tenants upon default; |
• | the impact of any financial, accounting, legal or regulatory issues or litigation that may affect us or our major tenants; |
• | our ability to manage our expanded operations; |
• | our
ability and willingness to maintain our qualification as a REIT; |
• | uncertainties as to the completion and timing of our proposed Spin-Off, and the impact of the Spin-Off on our business; and |
• | other risks inherent in the real estate business, including tenant defaults, potential liability relating to environmental matters, illiquidity of real estate investments and potential damages from natural disasters. |
• | inability to collect rent from tenants due to financial
hardship, including bankruptcy; |
• | changes in local real estate markets resulting in the lack of availability or demand for single-tenant retail space; |
• | changes in consumer trends and preferences that reduce the demand for products/services of our tenants; |
• | inability to lease or sell properties
upon expiration or termination of existing leases; |
• | environmental risks related to the presence of hazardous or toxic substances or materials on our properties; |
• | subjectivity of real estate valuations and changes in such valuations over time; |
• | illiquid nature of real estate compared to most
other financial assets; |
• | changes in laws and regulations, including those governing real estate usage and zoning; |
• | changes in interest rates and the availability of financing; and |
• | changes in the general economic and business climate. |
• | The retail industry in which Shopko operates is highly competitive, which could impair its operations and liquidity, limit its growth opportunities and reduce profitability. Shopko competes with other discount retail merchants as well as mass merchants, catalog merchants, internet retailers and other general merchandise, apparel and household merchandise retailers. It faces strong competition from large national discount retailers, such as Walmart, Kmart and Target, and mid-tier merchants such as Kohl’s and J.C. Penney. |
• | Shopko
stores are geographically concentrated in the Midwest, Pacific Northwest, North Central and Western Mountain states. As a result, adverse economic conditions in these regions may materially and adversely affect its results of operations and retail sales. |
• | The seasonality in retail operations may cause fluctuations in Shopko’s quarterly performance and results of operations and could adversely affect its cash flows. |
• | Shopko stores are dependent on the efficient functioning
of its distribution networks. Problems that cause delays or interruptions in the distribution networks could materially and adversely affect its results of operations. |
• | Shopko stores depend on attracting and retaining quality employees. Many employees are entry-level or part-time with historically high rates of turnover. |
• | we face competition from other real estate investors with significant capital, including REITs and institutional investment funds, which may be able to accept more risk than we can prudently manage, including risks associated with paying higher acquisition prices; |
• | we
face competition from other potential acquirers which may significantly increase the purchase price for a property we acquire, which could reduce our growth prospects; |
• | we may incur significant costs and divert management attention in connection with evaluating and negotiating potential acquisitions, including ones that we are subsequently unable to complete; |
• | we may acquire properties that are not accretive
to our results upon acquisition, and we may be unsuccessful in managing and leasing such properties in accordance with our expectations; |
• | our cash flow from an acquired property may be insufficient to meet our required principal and interest payments with respect to debt used to finance the acquisition of such property; |
• | we may discover unexpected items, such as unknown liabilities, during our due diligence investigation of a potential acquisition or other customary closing conditions may not be satisfied, causing
us to abandon an acquisition opportunity after incurring expenses related thereto; |
• | we may fail to obtain financing for an acquisition on favorable terms or at all; |
• | we may spend more than budgeted amounts to make necessary improvements or renovations to acquired properties; |
• | market conditions
may result in higher than expected vacancy rates and lower than expected rental rates; or |
• | we may acquire properties subject to liabilities and without any recourse, or with only limited recourse, with respect to unknown liabilities such as liabilities for clean-up of undisclosed environmental contamination, claims by tenants, vendors or other persons dealing with the former owners of the properties, liabilities incurred in the ordinary course of business and claims for indemnification by general partners, directors, officers and others indemnified by the former owners of the properties. |
• | actual or anticipated variations in our or our competitors' quarterly operating results or distributions; |
• | publication of research reports about us, our competitors or the real estate industry; |
• | adverse market reaction to any additional indebtedness we incur or debt or equity securities we or the
Operating Partnership issue in the future; |
• | additions or departures of key management personnel; |
• | changes in our credit ratings; |
• | the financial condition, performance and prospects of our tenants; and |
• | the
realization of any of the other risk factors presented in this Annual Report on Form 10-K. |
• | general market conditions; |
• | the market’s perception of our growth potential; |
• | our current debt levels; |
• | our
current and expected future earnings; |
• | our cash flow and cash distributions; and |
• | the market price per share of our common stock. |
• | our knowledge of the contamination; |
• | the
timing of the contamination; |
• | the cause of the contamination; or |
• | the party responsible for the contamination of the property. |
• | our cash flow may be insufficient to meet our required principal and interest payments; |
• | cash interest expense and financial covenants relating to our indebtedness may limit or eliminate our ability to make distributions to
our common stockholders; |
• | we may be unable to borrow additional funds as needed or on favorable terms, which could, among other things, adversely affect our ability to capitalize upon acquisition opportunities or meet operational needs; |
• | we may be unable to refinance our indebtedness at maturity or the refinancing terms may be less favorable than the terms of our original indebtedness; |
• | for
our variable interest rate debt, increases in interest rates could increase our interest expense; |
• | we may be unable to hedge floating rate debt, counterparties may fail to honor their obligations under any hedge agreements we enter into, such agreements may not effectively hedge interest rate fluctuation risk, and, upon the expiration of any hedge agreements we enter into, we would be exposed to then-existing market rates of interest and future interest rate volatility; |
• | we may be forced to dispose of properties,
possibly on unfavorable terms or in violation of certain covenants to which we may be subject; |
• | we may default on our obligations and the lenders or mortgagees may foreclose on our properties or our interests in the entities that own the properties that secure their loans and receive an assignment of rents and leases; |
• | we may be restricted from accessing some of our excess cash flow after debt service if certain of our tenants fail to meet certain financial performance metric thresholds; |
• | we
may violate restrictive covenants in our loan documents, which would entitle the lenders to accelerate our debt obligations; and |
• | our default under any loan with cross-default provisions could result in a default on other indebtedness. |
• | incur
indebtedness; |
• | create liens on assets; |
• | sell or substitute assets; |
• | modify certain terms of our leases; |
• | prepay
debt with higher interest rates; |
• | manage our cash flows; and |
• | make distributions to equity holders. |
• | discourage a tender offer or other transactions or a change in management or of control that might involve a premium price for our common stock or that our stockholders otherwise believe to be in their best interests; or |
• | result in the transfer of shares acquired in excess of the restrictions to a trust for the benefit of a charitable beneficiary
and, as a result, the forfeiture by the acquirer of the benefits of owning the additional shares. |
• | “business combination” provisions that, subject to certain limitations, prohibit certain business combinations between us and an “interested stockholder” (defined generally as any person who beneficially owns 10% or more of the voting power of our shares or of an affiliate of ours or an affiliate or associate of ours who was the beneficial owner, directly or indirectly, of 10% or more of the voting power of our then outstanding voting stock at any time within a two-year period immediately prior to the date in
question) or any affiliate of an interested stockholder for five years after the most recent date on which the stockholder becomes an interested |
• | “control share” provisions that provide that a holder of “control shares” of our Company (defined as shares that, when aggregated with other shares controlled by the stockholder, entitle the stockholder to exercise one of three increasing ranges of voting power in electing directors) acquired in a “control
share acquisition” (defined as the direct or indirect acquisition of ownership or control of outstanding “control shares”) has no voting rights with respect to those shares except to the extent approved by our stockholders by the affirmative vote of at least two-thirds of all the votes entitled to be cast on the matter, excluding all interested shares. |
• | actual receipt of an improper benefit or profit in money, property or services; or |
• | active and deliberate dishonesty by the director or
officer that was established by a final judgment as being material to the cause of action adjudicated. |
• | we would not be allowed a deduction for distributions to stockholders in computing our taxable income and would be subject to federal income tax at regular corporate rates; |
• | we
could be subject to the federal alternative minimum tax for tax years prior to 2018 and increased state and local taxes; and |
• | unless we are entitled to relief under applicable statutory provisions, we could not elect to be taxed as a REIT for four taxable years following the year during which we were disqualified. |
• | temporarily reducing individual U.S. federal income tax rates on ordinary income; the highest individual U.S. federal income tax rate has been reduced from 39.6% to 37% for taxable years beginning after December 31, 2017
and before January 1, 2026; |
• | permanently eliminating the progressive corporate tax rate structure, which previously imposed a maximum corporate tax rate of 35%, and replacing it with a flat corporate tax rate of 21%; |
• | permitting a deduction for certain pass-through business income, including dividends received by our stockholders from us that are not designated by us as capital gain dividends or qualified dividend income, which will allow individuals, trusts, and estates
to deduct up to 20% of such amounts for taxable years beginning after December 31, 2017 and before January 1, 2026; |
• | reducing the highest rate of withholding with respect to our distributions to non-U.S. stockholders that are treated as attributable to gains from the sale or exchange of U.S. real property interests from 35% to 21%; |
• | limiting our deduction for net operating losses arising in taxable years beginning after
December 31, 2017 to 80% of our REIT taxable income (prior to the application of the dividends paid deduction); |
• | generally limiting the deduction for net business interest expense in excess of 30% of a business’s “adjusted taxable income,” except for taxpayers that engage in certain real estate businesses (including |
• | eliminating
the corporate alternative minimum tax. |
2,392 | 99.2% | 49 | 419 | 30 |
Properties | Occupancy | States | Tenants | Industries |
Tenant (1) | Number of Properties | Total Square Feet (in thousands) | Percent
of Contractual Rent | |||||
Specialty Retail Shops Holding Corp. | 99 | 6,701 | 7.7 | % | ||||
AMC
Entertainment, Inc | 18 | 917 | 2.6 | |||||
Walgreen Company | 39 | 578 | 2.2 | |||||
Cajun
Global LLC | 182 | 258 | 2.2 | |||||
Academy, LTD. | 6 | 1,805 | 2.0 | |||||
Alimentation
Couche-Tard, Inc. | 82 | 248 | 1.9 | |||||
The Home Depot, Inc. | 7 | 821 | 1.8 | |||||
Regal
Entertainment Group | 15 | 656 | 1.5 | |||||
Carmax, Inc | 8 | 356 | 1.5 | |||||
CVS
Caremark Corporation | 34 | 383 | 1.5 | |||||
Other | 1,883 | 33,748 | 75.1 | |||||
Vacant | 19 | 1,734 | — | |||||
Total | 2,392 | 48,205 | 100.0 | % |
Asset Type | Number
of Properties | Total Square Feet (in thousands) | ||||
Retail | 2,206 | 36,421 | ||||
Industrial | 68 | 9,265 | ||||
Office | 118 | 2,519 | ||||
Total | 2,392 | 48,205 |
Industry | Number of Properties | Total Square Feet (in thousands) | Percent
of Contractual Rent | |||||
General Merchandise | 111 | 7,743 | 8.9 | % | ||||
Restaurants
- Casual Dining | 301 | 1,797 | 8.5 | |||||
Restaurants - Quick Service | 578 | 1,349 | 8.1 | |||||
Movie
Theaters | 62 | 3,115 | 7.8 | |||||
Convenience Stores | 318 | 1,026 | 7.0 | |||||
Medical
/ Other Office | 120 | 1,268 | 4.9 | |||||
Grocery | 61 | 2,968 | 4.8 | |||||
Drug
Stores / Pharmacies | 97 | 1,372 | 4.8 | |||||
Health and Fitness | 44 | 1,775 | 4.1 | |||||
Specialty
Retail | 68 | 2,442 | 3.9 | |||||
Home Improvement | 38 | 2,289 | 3.7 | |||||
Sporting
Goods | 18 | 2,547 | 3.4 | |||||
Entertainment | 26 | 1,199 | 3.1 | |||||
Education | 55 | 821 | 2.7 | |||||
Automotive
Services | 128 | 748 | 2.7 | |||||
Home Furnishings | 26 | 1,615 | 2.4 | |||||
Automotive
Dealers | 23 | 664 | 2.3 | |||||
Apparel | 13 | 1,995 | 2.3 | |||||
Car
Washes | 41 | 231 | 1.9 | |||||
Other | 6 | 978 | 1.6 | |||||
Distribution | 11 | 1,083 | 1.6 | |||||
Building
Materials | 38 | 1,561 | 1.4 | |||||
Manufacturing | 16 | 2,050 | 1.4 | |||||
Automotive
Parts | 61 | 523 | 1.2 | |||||
Dollar Stores | 75 | 770 | 1.2 | % | ||||
Wholesale
Clubs | 5 | 513 | 1.1 | % | ||||
Pet Supplies & Service | 6 | 1,015 | 1.0 | % | ||||
Financial
Services | 4 | 342 | 1.0 | % | ||||
Office Supplies | 17 | 448 | 0.7 | % | ||||
Consumer
Electronics | 6 | 224 | 0.5 | % | ||||
Vacant | 19 | 1,734 | — | |||||
Total | 2,392 | 48,205 | 100.0 | % |
Location | Number
of Properties | Total Square Feet (in thousands) | Percent of Contractual Rent | Location (continued) | Number of Properties | Total Square Feet (in thousands) | Percent
of Contractual Rent | ||||||||||||
Texas | 299 | 5,858 | 12.0 | % | Kansas | 35 | 644 | 1.3 | |||||||||||
Georgia | 180 | 2,064 | 6.1 | Massachusetts | 3 | 886 | 1.2 | ||||||||||||
Florida | 155 | 1,579 | 5.9 | Iowa | 31 | 557 | 1.1 | ||||||||||||
Illinois | 109 | 2,882 | 5.8 | Oregon | 10 | 444 | 1.1 | ||||||||||||
Ohio | 123 | 2,209 | 5.2 | New
Jersey | 14 | 883 | 1.1 | ||||||||||||
California | 36 | 1,370 | 4.2 | Idaho | 16 | 679 | 1.0 | ||||||||||||
Wisconsin | 44 | 2,978 | 3.8 | Mississippi | 41 | 360 | 1.0 | ||||||||||||
Michigan | 136 | 2,097 | 3.7 | Washington | 12 | 462 | 0.9 | ||||||||||||
Minnesota | 49 | 2,162 | 3.5 | New
Hampshire | 16 | 640 | 0.8 | ||||||||||||
Arizona | 60 | 940 | 3.1 | Maryland | 19 | 242 | 0.7 | ||||||||||||
Missouri | 91 | 1,369 | 2.9 | Louisiana | 24 | 208 | 0.7 | ||||||||||||
Tennessee | 100 | 1,367 | 2.9 | South
Dakota | 8 | 390 | 0.6 | ||||||||||||
Indiana | 77 | 1,175 | 2.9 | Montana | 6 | 406 | 0.6 | ||||||||||||
South
Carolina | 44 | 951 | 2.7 | Connecticut | 5 | 686 | 0.6 | ||||||||||||
North
Carolina | 69 | 1,250 | 2.4 | West Virginia | 18 | 297 | 0.6 | ||||||||||||
Alabama | 105 | 712 | 2.2 | Utah | 7 | 548 | 0.5 | ||||||||||||
Pennsylvania | 55 | 1,174 | 2.0 | North
Dakota | 5 | 236 | 0.4 | ||||||||||||
Virginia | 60 | 1,358 | 2.0 | Nebraska | 12 | 363 | 0.4 | ||||||||||||
Colorado | 29 | 993 | 2.0 | Maine | 25 | 68 | 0.4 | ||||||||||||
New
York | 37 | 919 | 1.7 | Rhode Island | 4 | 117 | 0.3 | ||||||||||||
New
Mexico | 37 | 539 | 1.7 | Wyoming | 8 | 180 | 0.2 | ||||||||||||
Oklahoma | 66 | 613 | 1.5 | Alaska | 5 | 63 | 0.1 | ||||||||||||
Kentucky | 46 | 544 | 1.4 | U.S. V.I. | 1 | 38 | 0.1 | ||||||||||||
Nevada | 5 | 1,099 | 1.4 | Delaware | 1 | 5 | — | ||||||||||||
Arkansas | 53 | 599 | 1.3 | Vermont | 1 | 2 | — |
Leases
Expiring In: | Number of Properties | Contractual Rent Annualized (in thousands) (1) | Total Square Feet (in thousands) | Percent of Contractual Rent | ||||||||
2018 | 50 | $ | 17,026 | 1,268 | 2.8 | % | ||||||
2019 | 101 | 18,956 | 1,636 | 3.1 | ||||||||
2020 | 72 | 18,797 | 1,459 | 3.1 | ||||||||
2021 | 178 | 43,827 | 3,630 | 7.3 | ||||||||
2022 | 122 | 34,010 | 3,022 | 5.7 | ||||||||
2023 | 122 | 35,071 | 3,757 | 5.8 | ||||||||
2024 | 55 | 22,293 | 1,355 | 3.7 | ||||||||
2025 | 77 | 33,882 | 2,039 | 5.6 | ||||||||
2026 | 186 | 41,529 | 3,614 | 6.9 | ||||||||
2027 | 209 | 76,196 | 6,009 | 12.7 | ||||||||
Thereafter | 1,201 | 260,291 | 18,682 | 43.3 | ||||||||
Vacant | 19 | — | 1,734 | — | ||||||||
Total
owned properties | 2,392 | $ | 601,878 | 48,205 | 100.0 | % |
2017 | 2016 | ||||||||||||||
Price
Per Share of Common Stock | Dividends Declared | Price Per Share of Common Stock | Dividends Declared | ||||||||||||
High | Low | High | Low | ||||||||||||
First
quarter | $11.27 | $9.99 | $ | 0.18000 | $11.25 | $9.10 | $ | 0.17500 | |||||||
Second
quarter | $10.50 | $6.71 | 0.18000 | $12.77 | $10.87 | 0.17500 | |||||||||
Third
quarter | $8.74 | $7.32 | 0.18000 | $13.88 | $12.78 | 0.17500 | |||||||||
Fourth
quarter | $8.67 | $7.95 | 0.18000 | $13.10 | $10.26 | 0.18000 | |||||||||
Total | $ | 0.72000 | $ | 0.70500 |
Distributions Declared | ||||||
2017 | 2016 | |||||
First
quarter | $ | 0.18000 | $ | 0.17500 | ||
Second quarter | 0.18000 | 0.17500 | ||||
Third quarter | 0.18000 | 0.17500 | ||||
Fourth
quarter | 0.18000 | 0.18000 | ||||
Total | $ | 0.72000 | $ | 0.70500 |
Total
Number of Shares Purchased | Average Price Paid Per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Maximum Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs | ||||||||||
Period | |||||||||||||
October
1 - 31, 2017 | — | — | N/A | N/A | |||||||||
November 1 - 30, 2017 | — | — | N/A | N/A | |||||||||
December
1 - 31, 2017 (1) | 7,020,100 | $ | 8.64 | 7,020,100 | $ | 167,626,893 | |||||||
Total | 7,020,100 | $ | 8.64 | 7,020,100 | $ | 167,626,893 |
Period
Ended | |||||||||||||||||||||
Index: | 9/20/2012 | 12/31/2012 | 12/31/2013 | 12/31/2014 | 12/31/2015 | 12/31/2016 | 12/31/2017 | ||||||||||||||
Spirit Realty Capital, Inc. | $ | 100 | $ | 121 | $ | 136 | $ | 175 | $ | 158 | $ | 181 | $ | 156 | |||||||
S&P
500 | $ | 100 | $ | 98 | $ | 127 | $ | 141 | $ | 140 | $ | 153 | $ | 183 | |||||||
NAREIT
US Equity REIT Index | $ | 100 | $ | 101 | $ | 104 | $ | 135 | $ | 139 | $ | 151 | $ | 159 |
Years
Ended December 31, | |||||||||||||||||||
2017 (1) | 2016 (1) | 2015 (1) | 2014 (1) | 2013
(1) | |||||||||||||||
(Dollars in thousands, except share and per share data) | |||||||||||||||||||
Operating Data: | |||||||||||||||||||
Revenues: | |||||||||||||||||||
Rentals | $ | 639,017 | $ | 648,363 | $ | 634,151 | $ | 574,456 | $ | 404,402 | |||||||||
Interest income on loans receivable | 3,791 | 5,253 | 6,948 | 7,239 | 5,928 | ||||||||||||||
Earned
income from direct financing leases | 2,078 | 2,742 | 3,024 | 3,343 | 1,572 | ||||||||||||||
Tenant
reimbursement income | 16,747 | 14,125 | 15,952 | 13,085 | 5,637 | ||||||||||||||
Other
income | 7,322 | 15,491 | 7,260 | 4,748 | 1,928 | ||||||||||||||
Total
revenues | 668,955 | 685,974 | 667,335 | 602,871 | 419,467 | ||||||||||||||
Expenses: | |||||||||||||||||||
General
and administrative | 62,064 | 52,615 | 47,730 | 42,637 | 35,146 | ||||||||||||||
Restructuring
charges | — | 6,341 | 7,056 | — | — | ||||||||||||||
Transaction
costs | 6,361 | — | — | — | — | ||||||||||||||
Finance
restructuring costs | — | — | — | 13,022 | 717 | ||||||||||||||
Merger
costs | — | — | — | — | 56,644 | ||||||||||||||
Property
costs (including reimbursable) | 36,617 | 30,839 | 27,715 | 23,383 | 11,760 | ||||||||||||||
Real
estate acquisition costs | 1,356 | 3,229 | 2,739 | 3,631 | 1,718 | ||||||||||||||
Interest | 190,127 | 196,586 | 222,901 | 220,070 | 179,267 | ||||||||||||||
Depreciation
and amortization | 256,019 | 262,276 | 260,633 | 247,966 | 164,054 | ||||||||||||||
Impairments
(recoveries) | 102,330 | 88,275 | 70,695 | 37,598 | (185 | ) | |||||||||||||
Total
expenses | 654,874 | 640,161 | 639,469 | 588,307 | 449,121 | ||||||||||||||
Income
(loss) from continuing operations before other (expense) income and income tax expense | 14,081 | 45,813 | 27,866 | 14,564 | (29,654 | ) | |||||||||||||
Other
(expense) income: | |||||||||||||||||||
(Loss) gain on debt extinguishment | (1,645 | ) | 233 | (3,162 | ) | (64,750 | ) | (2,405 | ) | ||||||||||
Total
other (expense) income | (1,645 | ) | 233 | (3,162 | ) | (64,750 | ) | (2,405 | ) | ||||||||||
Income
(loss) from continuing operations before income tax expense | 12,436 | 46,046 | 24,704 | (50,186 | ) | (32,059 | ) | ||||||||||||
Income
tax expense | (394 | ) | (965 | ) | (601 | ) | (673 | ) | (1,113 | ) | |||||||||
Income
(loss) from continuing operations | 12,042 | 45,081 | 24,103 | (50,859 | ) | (33,172 | ) | ||||||||||||
Discontinued
operations: (2) | |||||||||||||||||||
Income (loss) from discontinued operations | — | — | 98 | 3,368 | (4,530 | ) | |||||||||||||
Gain
on disposition of assets | — | — | 590 | 325 | 36,086 | ||||||||||||||
Income
from discontinued operations | — | — | 688 | 3,693 | 31,556 | ||||||||||||||
Income
(loss) before gain on disposition of assets | 12,042 | 45,081 | 24,791 | (47,166 | ) | (1,616 | ) | ||||||||||||
Gain
on disposition of assets | 65,106 | 52,365 | 68,421 | 10,221 | — | ||||||||||||||
Net
income (loss) | 77,148 | 97,446 | 93,212 | (36,945 | ) | (1,616 | ) | ||||||||||||
Less:
preferred dividends | (2,530 | ) | — | — | — | — | |||||||||||||
Net
income (loss) attributable to common stockholders | $ | 74,618 | $ | 97,446 | $ | 93,212 | $ | (36,945 | ) | $ | (1,616 | ) |
Net
income (loss) per share of common stock—basic: | |||||||||||||||||||
Continuing operations | $ | 0.16 | $ | 0.21 | $ | 0.21 | $ | (0.11 | ) | $ | (0.14 | ) | |||||||
Discontinued
operations | — | — | — | 0.01 | 0.13 | ||||||||||||||
Net
income (loss) per share attributable to common stockholders—basic | $ | 0.16 | $ | 0.21 | $ | 0.21 | $ | (0.10 | ) | $ | (0.01 | ) | |||||||
Net
income (loss) per share of common stock—diluted: | |||||||||||||||||||
Continuing operations | $ | 0.16 | $ | 0.21 | $ | 0.21 | $ | (0.11 | ) | $ | (0.14 | ) | |||||||
Discontinued
operations | — | — | — | 0.01 | 0.13 | ||||||||||||||
Net
income (loss) per share attributable to common stockholders—diluted | $ | 0.16 | $ | 0.21 | $ | 0.21 | $ | (0.10 | ) | $ | (0.01 | ) | |||||||
Weighted
average shares of common stock outstanding: | |||||||||||||||||||
Basic common shares (3) | 467,934,945 | 469,217,776 | 432,222,953 | 386,809,746 | 255,020,565 | ||||||||||||||
Diluted
common shares (3) | 467,942,788 | 469,246,265 | 432,545,625 | 386,809,746 | 255,020,565 | ||||||||||||||
Dividends
declared per common share issued (4) | $ | 0.72000 | $ | 0.70500 | $ | 0.68500 | $ | 0.66875 | $ | 0.65843 | |||||||||
(1) As
a result of the Merger completed on July 17, 2013, Operating Data includes the results of operations from the acquired properties for a full year in 2017, 2016, 2015 and 2014 and for less than half a year in 2013. | |||||||||||||||||||
(2) Includes gains, losses and results of operations from all property dispositions and from properties classified as held for sale at the end of the period for all periods prior to 2014. During 2015 and 2014, only those properties classified as held for sale as of December 31, 2013 were reported as discontinued operations. | |||||||||||||||||||
(3) Historical weighted average number of shares of common
stock outstanding (basic and diluted) have been adjusted for the Merger Exchange Ratio. No potentially dilutive securities were included as their effect would be anti-dilutive on results from continuing operations. | |||||||||||||||||||
(4) Dividends declared per common share issued for the year ended December 31, 2013 have been adjusted for the Merger. |
Years
Ended December 31, | |||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
(Dollars in thousands) | |||||||||||||||||||
Balance
Sheet Data (end of period): | |||||||||||||||||||
Gross investments, including related lease intangibles | $ | 7,903,025 | $ | 8,247,654 | $ | 8,302,688 | $ | 8,043,497 | $ | 7,235,732 | |||||||||
Net
investments | 6,769,328 | 7,090,335 | 7,231,816 | 7,110,726 | 6,523,325 | ||||||||||||||
Cash
and cash equivalents | 8,798 | 10,059 | 21,790 | 176,181 | 66,588 | ||||||||||||||
Total
assets (1) | 7,263,511 | 7,677,971 | 7,891,039 | 7,964,230 | 7,207,775 | ||||||||||||||
Total
debt, net (1) | 3,639,680 | 3,664,628 | 4,092,787 | 4,323,302 | 3,758,241 | ||||||||||||||
Total
liabilities (1) | 3,943,902 | 3,995,863 | 4,429,165 | 4,652,568 | 4,093,034 | ||||||||||||||
Total
stockholders' equity | 3,319,609 | 3,682,108 | 3,461,874 | 3,311,662 | 3,114,741 | ||||||||||||||
Other
Data: | |||||||||||||||||||
FFO (2) | $ | 367,296 | $ | 394,952 | $ | 354,686 | $ | 238,105 | $ | 139,487 | |||||||||
AFFO
(2) | $ | 398,148 | $ | 412,999 | $ | 378,050 | $ | 322,400 | $ | 208,853 | |||||||||
Number
of properties in investment portfolio | 2,480 | 2,615 | 2,629 | 2,509 | 2,186 | ||||||||||||||
Owned
properties occupancy at period end (based on number of properties) | 99 | % | 98 | % | 99 | % | 98 | % | 99 | % |
Years
Ended December 31, | |||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
(Dollars in thousands) | |||||||||||||||||||
Net
income (loss) attributable to common stockholders (1) | $ | 74,618 | $ | 97,446 | $ | 93,212 | $ | (36,945 | ) | $ | (1,616 | ) | |||||||
Add/(less): | |||||||||||||||||||
Portfolio
depreciation and amortization | |||||||||||||||||||
Continuing operations | 255,454 | 261,799 | 260,257 | 247,587 | 163,874 | ||||||||||||||
Discontinued
operations | — | — | — | — | 3,545 | ||||||||||||||
Portfolio
impairments | |||||||||||||||||||
Continuing operations | 102,330 | 88,072 | 70,197 | 37,592 | 183 | ||||||||||||||
Discontinued
operations | — | — | 34 | 417 | 9,587 | ||||||||||||||
Realized
gain on sales of real estate (2) | (65,106 | ) | (52,365 | ) | (69,014 | ) | (10,546 | ) | (36,086 | ) | |||||||||
Total
adjustments | 292,678 | 297,506 | 261,474 | 275,050 | 141,103 | ||||||||||||||
FFO
attributable to common stockholders | $ | 367,296 | $ | 394,952 | $ | 354,686 | $ | 238,105 | $ | 139,487 | |||||||||
Add/(less): | |||||||||||||||||||
Loss
(gain) on debt extinguishment | |||||||||||||||||||
Continuing operations | 1,645 | (233 | ) | 3,162 | 64,750 | 2,405 | |||||||||||||
Discontinued
operations | — | — | — | — | (1,028 | ) | |||||||||||||
Restructuring
charges | — | 6,341 | 7,056 | — | — | ||||||||||||||
Other
costs in G&A associated with headquarter relocation | — | 3,629 | — | — | — | ||||||||||||||
Transaction
costs | 6,361 | — | — | — | — | ||||||||||||||
Merger
costs (3) | — | — | — | — | 66,700 | ||||||||||||||
Master
Trust Exchange Costs | — | — | — | 13,022 | 717 | ||||||||||||||
Real
estate acquisition costs | 1,356 | 3,229 | 2,739 | 3,631 | 1,718 | ||||||||||||||
Non-cash
interest expense | 23,469 | 15,380 | 10,367 | 5,175 | 8,840 | ||||||||||||||
Straight-line
rent, net of related bad debt expense | (19,474 | ) | (23,496 | ) | (19,291 | ) | (12,191 | ) | (6,162 | ) | |||||||||
Other
amortization and non-cash charges | (3,266 | ) | (2,837 | ) | (1,639 | ) | (4,541 | ) | (12,593 | ) | |||||||||
Accrued
interest and fees on defaulted loans | 4,201 | 4,740 | 7,649 | 3,103 | — | ||||||||||||||
Swap
termination costs (4) | — | 1,724 | — | — | — | ||||||||||||||
Non-cash
compensation expense | 16,560 | 9,570 | 13,321 | 11,346 | 8,769 | ||||||||||||||
Total
adjustments to FFO | 30,852 | 18,047 | 23,364 | 84,295 | 69,366 | ||||||||||||||
AFFO attributable
to common stockholders(6) | $ | 398,148 | $ | 412,999 | $ | 378,050 | $ | 322,400 | $ | 208,853 | |||||||||
FFO
per share of common stock | |||||||||||||||||||
Diluted (5) | $ | 0.78 | $ | 0.84 | $ | 0.82 | $ | 0.61 | $ | 0.54 | |||||||||
AFFO
per share of common stock | |||||||||||||||||||
Diluted (5) | $ | 0.85 | $ | 0.88 | $ | 0.87 | $ | 0.83 | $ | 0.81 | |||||||||
Weighted
average shares of common stock outstanding: | |||||||||||||||||||
Basic | 467,934,945 | 469,217,776 | 432,222,953 | 386,809,746 | 255,020,565 | ||||||||||||||
Diluted | 467,942,788 | 469,246,265 | 432,545,625 | 387,585,580 | 255,210,757 |
Contractual rent from date of rejection through either sale or December 31, 2016 | $ | 1.3 | ||
Three months of prepaid rent for the three
stores subsequently sold | 0.5 | |||
Total included in AFFO | $ | 1.8 |
2017 | 2016 | ||||||
(in thousands) | |||||||
Revolving credit facility | $ | 112,000 | $ | 86,000 | |||
Term
loan, net | — | 418,471 | |||||
Senior unsecured notes, net | 295,321 | 295,112 | |||||
Mortgages and notes payable, net | 2,516,478 | 2,162,403 | |||||
Convertible
notes, net | 715,881 | 702,642 | |||||
3,639,680 | 3,664,628 | ||||||
Add/(less): | |||||||
Unamortized
debt discount, net | 61,399 | 52,894 | |||||
Unamortized deferred financing costs | 39,572 | 37,111 | |||||
Cash and cash equivalents | (8,798 | ) | (10,059 | ) | |||
Restricted
cash balances held for the benefit of lenders | (105,909 | ) | (26,839 | ) | |||
Total adjustments | (13,736 | ) | 53,107 | ||||
Adjusted Debt (1) | $ | 3,625,944 | $ | 3,717,735 | |||
Three
Months Ended December 31, | |||||||
2017 | 2016 | ||||||
(Dollars in thousands) | |||||||
Net income attributable to common stockholders | $ | 35,791 | $ | 988 | |||
Add/(less):
(2) | |||||||
Interest | 47,998 | 46,744 | |||||
Depreciation and amortization | 63,132 | 68,049 | |||||
Income
tax (benefit) expense | (25 | ) | 33 | ||||
Total adjustments | 111,105 | 114,826 | |||||
EBITDA | $ | 146,896 | $ | 115,814 | |||
Restructuring
charges | — | 615 | |||||
Other costs in G&A associated with headquarter relocation | — | 187 | |||||
Transaction costs | 3,216 | — | |||||
Real
estate acquisition costs | 583 | 1,137 | |||||
Impairments on real estate assets | 14,221 | 46,379 | |||||
Realized gain on sales of real estate | (24,909 | ) | (13,144 | ) | |||
Loss
on debt extinguishment | 3,415 | 93 | |||||
Total adjustments to EBITDA | (3,474 | ) | 35,267 | ||||
Adjusted EBITDA (3) | $ | 143,422 | $ | 151,081 | |||
Annualized
Adjusted EBITDA (4) | $ | 573,688 | $ | 604,324 | |||
Adjusted Debt / Annualized Adjusted EBITDA (5) | 6.3 | 6.2 |
• | Generated net income of $0.16 per share, FFO of $0.78
per share and AFFO of $0.85 per share. |
• | Strengthened our balance sheet: |
◦ | Completed an underwritten public offering of 6.0% Series A Cumulative Redeemable Preferred Stock for aggregate net proceeds of $166.2 million. |
◦ | Issued
$674.4 million aggregate principal amount of net-lease mortgage notes under Master Trust 2014. |
◦ | Repurchased 35.8 million shares of the Company's outstanding common stock at a weighted average purchase price of $7.88 per share. |
◦ | Extinguished $238.5
million of secured debt that had a 5.5% weighted average interest rate. |
• | Actively managed our portfolio: |
◦ | Raised real estate portfolio occupancy to 99.2% as of December 31, 2017 from 98.2% as of December 31,
2016. |
◦ | Closed 25 real estate transactions totaling $323.0 million, including revenue producing capital expenditures, adding 39 properties to our portfolio, earning an initial weighted average cash yield of 7.66% under leases with an average term of 12.0 years. |
◦ | Sold
192 properties for $551.2 million in gross proceeds, including 105 vacant properties for gross proceeds of $153.7 million. |
◦ | Reduced Shopko concentration to 7.7% of Contractual Rent at December 31, 2017 from 8.2% at December 31, 2016. |
• | collect rent due, |
• | renew expiring leases or re-lease space upon expiration or other termination, |
• | lease
or dispose of currently vacant properties, and |
• | maintain or increase rental rates. |
Years Ended December 31, | ||||||||||||||
(In Thousands) | 2017 | 2016 | Change | %
Change | ||||||||||
Revenues: | ||||||||||||||
Rentals | $ | 639,017 | $ | 648,363 | $ | (9,346 | ) | (1.4 | )% | |||||
Interest income on loans receivable | 3,791 | 5,253 | (1,462 | ) | (27.8 | )% | ||||||||
Earned
income from direct financing leases | 2,078 | 2,742 | (664 | ) | (24.2 | )% | ||||||||
Tenant reimbursement income | 16,747 | 14,125 | 2,622 | 18.6 | % | |||||||||
Other
income | 7,322 | 15,491 | (8,169 | ) | (52.7 | )% | ||||||||
Total revenues | 668,955 | 685,974 | (17,019 | ) | (2.5 | )% | ||||||||
Expenses: | ||||||||||||||
General
and administrative | 62,064 | 52,615 | 9,449 | 18.0 | % | |||||||||
Restructuring charges | — | 6,341 | (6,341 | ) | (100.0 | )% | ||||||||
Transaction
costs | 6,361 | — | 6,361 | 100.0 | % | |||||||||
Property costs (including reimbursable) | 36,617 | 30,839 | 5,778 | 18.7 | % | |||||||||
Real
estate acquisition costs | 1,356 | 3,229 | (1,873 | ) | (58.0 | )% | ||||||||
Interest | 190,127 | 196,586 | (6,459 | ) | (3.3 | )% | ||||||||
Depreciation
and amortization | 256,019 | 262,276 | (6,257 | ) | (2.4 | )% | ||||||||
Impairment | 102,330 | 88,275 | 14,055 | 15.9 | % | |||||||||
Total
expenses | 654,874 | 640,161 | 14,713 | 2.3 | % | |||||||||
Income from continuing operations before other (expense) income and income tax expense | 14,081 | 45,813 | (31,732 | ) | (69.3 | )% | ||||||||
Other
(expense) income: | ||||||||||||||
(Loss) gain on debt extinguishment | (1,645 | ) | 233 | (1,878 | ) | NM | ||||||||
Total
other (expense) income | (1,645 | ) | 233 | (1,878 | ) | NM | ||||||||
Income from continuing operations before income tax expense | 12,436 | 46,046 | (33,610 | ) | (73.0 | )% | ||||||||
Income
tax expense | (394 | ) | (965 | ) | 571 | 59.2 | % | |||||||
Income from continuing operations | $ | 12,042 | $ | 45,081 | $ | (33,039 | ) | 73.3 | % | |||||
Gain
on disposition of assets | $ | 65,106 | $ | 52,365 | $ | 12,741 | 24.3 | % |
Years Ended December 31, | |||||||
(In Thousands) | 2017 | 2016 | |||||
Interest
expense – Revolving Credit Facilities (1) | $ | 7,957 | $ | 3,314 | |||
Interest expense – Term Loan | 9,793 | 5,218 | |||||
Interest
expense – mortgages and notes payable | 111,049 | 143,233 | |||||
Interest expense – Convertible Notes | 24,509 | 24,509 | |||||
Interest expense – Unsecured Senior
Notes | 13,351 | 4,932 | |||||
Non-cash interest expense: | |||||||
Amortization of deferred financing costs | 9,896 | 9,070 | |||||
Amortization
of net losses related to interest rate swaps | — | 93 | |||||
Amortization of debt discount/(premium), net | 13,572 | 6,217 | |||||
Total interest expense | $ | 190,127 | $ | 196,586 |
Years
Ended December 31, | |||||||
(In Thousands) | 2017 | 2016 | |||||
Depreciation of real estate assets | $ | 212,112 | $ | 215,443 | |||
Other
depreciation | 563 | 475 | |||||
Amortization of lease intangibles | 43,344 | 46,358 | |||||
Total depreciation and amortization | $ | 256,019 | $ | 262,276 |
Years
Ended December 31, | ||||||||||||||
(In Thousands) | 2016 | 2015 | Change | % Change | ||||||||||
Revenues: | ||||||||||||||
Rentals | $ | 648,363 | $ | 634,151 | $ | 14,212 | 2.2 | % | ||||||
Interest income on loans receivable | 5,253 | 6,948 | (1,695 | ) | (24.4 | )% | ||||||||
Earned
income from direct financing leases | 2,742 | 3,024 | (282 | ) | (9.3 | )% | ||||||||
Tenant reimbursement income | 14,125 | 15,952 | (1,827 | ) | (11.5 | )% | ||||||||
Other
income | 15,491 | 7,260 | 8,231 | NM | ||||||||||
Total revenues | 685,974 | 667,335 | 18,639 | 2.8 | % | |||||||||
Expenses: | ||||||||||||||
General
and administrative | 52,615 | 47,730 | 4,885 | 10.2 | % | |||||||||
Restructuring charges | 6,341 | 7,056 | (715 | ) | (10.1 | )% | ||||||||
Property
costs (including reimbursable) | 30,839 | 27,715 | 3,124 | 11.3 | % | |||||||||
Real estate acquisition costs | 3,229 | 2,739 | 490 | 17.9 | % | |||||||||
Interest | 196,586 | 222,901 | (26,315 | ) | (11.8 | )% | ||||||||
Depreciation
and amortization | 262,276 | 260,633 | 1,643 | 0.6 | % | |||||||||
Impairment | 88,275 | 70,695 | 17,580 | 24.9 | % | |||||||||
Total
expenses | 640,161 | 639,469 | 692 | 0.1 | % | |||||||||
Income from continuing operations before other income (expense) and income tax expense | 45,813 | 27,866 | 17,947 | 64.4 | % | |||||||||
Other
income (expense): | ||||||||||||||
Gain (loss) on debt extinguishment | 233 | (3,162 | ) | 3,395 | NM | |||||||||
Total
other income (expense) | 233 | (3,162 | ) | 3,395 | NM | |||||||||
Income from continuing operations before income tax expense | 46,046 | 24,704 | 21,342 | NM | ||||||||||
Income
tax expense | (965 | ) | (601 | ) | (364 | ) | (60.6 | )% | ||||||
Income from continuing operations | $ | 45,081 | $ | 24,103 | $ | 20,978 | (87.0 | )% | ||||||
Gain
on disposition of assets | $ | 52,365 | $ | 68,421 | $ | (16,056 | ) | 23.5 | % |
Years
Ended December 31, | |||||||
(In Thousands) | 2016 | 2015 | |||||
Interest expense – Revolving Credit Facilities (1) | $ | 3,314 | $ | 2,698 | |||
Interest
expense – Term Loan | 5,218 | 888 | |||||
Interest expense – mortgages and notes payable | 143,233 | 184,439 | |||||
Interest expense – Convertible Notes | 24,509 | 24,509 | |||||
Interest
expense – Unsecured Senior Notes | 4,932 | — | |||||
Non-cash interest expense: | |||||||
Amortization of deferred financing costs | 9,070 | 7,937 | |||||
Amortization
of net losses related to interest rate swaps | 93 | 108 | |||||
Amortization of debt discount/(premium), net | 6,217 | 2,322 | |||||
Total interest expense | $ | 196,586 | $ | 222,901 |
Years
Ended December 31, | |||||||
(In Thousands) | 2016 | 2015 | |||||
Depreciation of real estate assets | $ | 215,443 | $ | 210,395 | |||
Other
depreciation | 475 | 375 | |||||
Amortization of lease intangibles | 46,358 | 49,863 | |||||
Total depreciation and amortization | $ | 262,276 | $ | 260,633 |
Years
Ended December 31, | |||||||
(In Thousands) | 2016 | 2015 | |||||
Real estate and intangible asset impairment | $ | 80,390 | $ | 68,531 | |||
Write-off
of lease intangibles due to lease terminations, net | 7,683 | 1,666 | |||||
Loans receivable impairment | 176 | 324 | |||||
Total impairments from real estate investment
net assets | 88,249 | 70,521 | |||||
Other impairment | 26 | 174 | |||||
Total impairment loss | $ | 88,275 | $ | 70,695 |
Stated
Rates (1) | Remaining Term | |||||||||||
(in Years) | (in
Thousands) | |||||||||||
Series 2014-1 Class A1 | — | % | 0.0 | $ | — | $ | 53,919 | |||||
Series
2014-1 Class A2 | 5.4 | % | 2.5 | 252,437 | 253,300 | |||||||
Series 2014-2 | 5.8 | % | 3.2 | 222,683 | 226,283 | |||||||
Series
2014-3 | 5.7 | % | 4.2 | 311,336 | 311,820 | |||||||
Series 2014-4 Class A1 | 3.5 | % | 2.1 | 150,000 | 150,000 | |||||||
Series
2017-1 Class A (2) | 4.4 | % | 5.0 | 515,280 | — | |||||||
Series 2017-1 Class B (2) | 6.4 | % | 5.0 | 125,400 | — | |||||||
Series
2014-4 Class A2 | 4.6 | % | 12.1 | 358,664 | 360,000 | |||||||
Total Master Trust 2014 notes | 5.0 | % | 5.4 | 1,935,800 | 1,355,322 | |||||||
Series
2013-1 Class A | 3.9 | % | 1.0 | 125,000 | 125,000 | |||||||
Series 2013-2 Class A | 5.3 | % | 6.0 | 187,704 | 192,384 | |||||||
Total
Master Trust 2013 notes | 4.7 | % | 4.0 | 312,704 | 317,384 | |||||||
Total Master Trust Notes | 2,248,504 | 1,672,706 | ||||||||||
Debt
discount, net | (36,188 | ) | (18,787 | ) | ||||||||
Deferred financing costs, net | (24,010 | ) | (16,376 | ) | ||||||||
Total
Master Trust Notes, net | $ | 2,188,306 | $ | 1,637,543 |
• | Maximum
leverage ratio (defined as consolidated total indebtedness plus the Corporation’s pro rata share of indebtedness of unconsolidated affiliates, net of certain cash and cash equivalents, to total asset value) of 0.60:1.00, which may be increased to 0.65:1.00 for four consecutive quarters after certain material acquisitions; |
• | Minimum fixed charge coverage ratio (defined as EBITDA plus the Corporation’s pro rata share of EBITDA of unconsolidated affiliates, to fixed charges) of 1.50:1.00; |
• | Maximum secured indebtedness leverage
ratio (defined as consolidated secured indebtedness plus the Corporation’s pro rata share of secured indebtedness of unconsolidated affiliates, net of certain cash and cash equivalents, to total asset value) of 0.50:1:00; |
• | Minimum unsecured interest coverage ratio (defined as consolidated net operating income from unencumbered properties, to unsecured interest expense) of 1.75:1.00; |
• | Maximum unencumbered leverage ratio (defined as consolidated unsecured indebtedness plus the Corporation’s pro rata share of unsecured
indebtedness of unconsolidated affiliates, net of certain cash and cash equivalents, to total unencumbered asset value) of 0.60:1:00, which may be increased to 0.65:1.00 for four consecutive quarters after certain material acquisitions; and |
• | Minimum tangible net worth of at least $3.01 billion plus 75% of the net proceeds of equity issuances by the Corporation or the Operating Partnership after December 31, 2014. |
• | Maximum leverage ratio (defined as consolidated total indebtedness plus the Corporation’s pro rata share of indebtedness of unconsolidated affiliates, net of certain cash and cash equivalents, to total asset value) of 0.60:1.00, which may be increased to 0.65:1.00 for four consecutive quarters after certain material acquisitions; |
• | Minimum
fixed charge coverage ratio (defined as consolidated EBITDA plus the Corporation’s pro rata share of EBITDA of unconsolidated affiliates to fixed charges) of 1.50:1.00; |
• | Maximum secured indebtedness leverage ratio (defined as consolidated secured indebtedness plus the Corporation’s pro rata share of secured indebtedness of unconsolidated affiliates, net of certain cash and cash equivalents to total asset value) of 0.50:1:00; |
• | Minimum unsecured interest coverage ratio (defined as consolidated net operating income from
unencumbered properties to unsecured interest expense) of 1.75:1.00; |
• | Maximum unencumbered leverage ratio (defined as consolidated unsecured indebtedness plus the Corporation’s pro rata share of unsecured indebtedness of unconsolidated affiliates, net of certain cash and cash equivalents, to total unencumbered asset value) of 0.60:1:00, which may be increased to 0.65:1.00 for four consecutive quarters after certain material acquisitions; and |
• | Minimum tangible net worth of at least $3.01 billion plus 75% of the net proceeds
of equity issuances by the Corporation or the Operating Partnership after December 31, 2014. |
• | Maximum leverage ratio (defined as consolidated total indebtedness, to total consolidated undepreciated real estate assets plus the Company’s other assets, excluding accounts receivable and non-real estate intangibles) of 0.60:1.00; |
• | Minimum
unencumbered asset coverage ratio (defined as total consolidated undepreciated real estate assets plus the Company’s other assets, excluding accounts receivable and non-real estate intangibles, to consolidated total unsecured indebtedness) of 1.50:1:00; |
• | Maximum secured indebtedness leverage ratio (defined as consolidated total secured indebtedness, to total consolidated undepreciated real estate assets plus the Company’s other assets, excluding accounts receivable and non-real estate intangibles) of 0.40:1.00; and |
• | Minimum
fixed charge coverage ratio (defined as consolidated income available for debt service, to the annual service charge) of 1.50:1.0. |
Year
of Maturity | Number of Loans | Number of Properties | Stated Interest Rate Range | Weighted Average Stated Rate | Scheduled Principal | Balloon | Total | |||||||||||||||
2018 | — | — | 0 | — | % | $ | 3,692 | $ | — | $ | 3,692 | |||||||||||
2019 | — | — | — | — | 3,905 | — | 3,905 | |||||||||||||||
2020 | — | — | — | — | 4,100 | — | 4,100 | |||||||||||||||
2021 | — | — | — | — | 4,365 | — | 4,365 | |||||||||||||||
2022 | 1 | 12 | 4.67% | 4.67 | 4,617 | 42,400 | 47,017 | |||||||||||||||
Thereafter | 5 | 88 | 5.23%-6.00% | 5.48 | 7,276 | 197,980 | 205,256 | |||||||||||||||
Total | 6 | 100 | 5.35 | % | $ | 27,955 | $ | 240,380 | $ | 268,335 |
Industry | Properties | Net
Book Value | Monthly Base Rent | Pre-Default Outstanding Principal | Capitalized Interest (1) | Total Debt Outstanding | Restricted Cash (2) | Stated
Rate | Default Rate | Accrued Interest (1) | |||||||||||||||||||||||||
Manufacturing | 2 | $ | 3,618 | $ | 16 | $ | 5,460 | $ | 11,354 | $ | 16,814 | $ | — | 5.85 | % | 9.85 | % | $ | 143 | ||||||||||||||||
Sporting
Goods | 1 | 3,070 | — | 6,321 | 429 | 6,750 | 453 | 5.62 | 10.62 | 80 | |||||||||||||||||||||||||
Consumer
Electronics | 1 | 3,021 | — | 8,592 | 592 | 9,184 | 286 | 5.87 | 9.87 | 62 | |||||||||||||||||||||||||
Multi-Tenant
Retail | 1 | 12,580 | 95 | 17,250 | 398 | 17,648 | 575 | 5.53 | 7.53 | 78 | |||||||||||||||||||||||||
Sporting
Goods | 2 | 3,457 | — | 9,625 | 310 | 9,935 | — | 4.39 | 9.39 | 78 | |||||||||||||||||||||||||
Sporting
Goods | 1 | 2,010 | — | 3,853 | 128 | 3,981 | 169 | 4.65 | 9.65 | 33 | |||||||||||||||||||||||||
8 | $ | 27,756 | $ | 111 | $ | 51,101 | $ | 13,211 | $ | 64,312 | $ | 1,483 | 5.44 | % | 9.21 | % | $ | 474 |
Total | 2018 | 2019 | 2020 | 2021 | 2022 | Thereafter | |||||||||||||||||||||
Revolving
Credit Facility | 112,000 | — | 112,000 | — | — | — | — | ||||||||||||||||||||
Master
Trust Notes | 2,248,504 | 163,185 | 40,230 | 410,713 | 237,790 | 969,020 | 427,566 | ||||||||||||||||||||
CMBS
- fixed-rate (1) | 332,647 | 68,004 | 3,905 | 4,100 | 4,365 | 47,017 | 205,256 | ||||||||||||||||||||
Convertible
Notes | 747,500 | — | 402,500 | — | 345,000 | — | — | ||||||||||||||||||||
Unsecured
Senior Notes | 300,000 | — | — | — | — | — | 300,000 | ||||||||||||||||||||
$ | 3,740,651 | $ | 231,189 | $ | 558,635 | $ | 414,813 | $ | 587,155 | $ | 1,016,037 | $ | 932,822 |
Payment
due by period | ||||||||||||||||||||
More than | ||||||||||||||||||||
Less
than 1 | 1-3 years | 3-5 years | 5 years | |||||||||||||||||
Contractual Obligations | Total | Year (2018) | (2019-2020) | (2021-2022) | (after
2022) | |||||||||||||||
Debt - Principal | $ | 3,740,651 | $ | 231,189 | $ | 973,448 | $ | 1,603,192 | $ | 932,822 | ||||||||||
Debt
- Interest (1) (3) | 795,950 | 170,252 | 288,219 | 192,452 | 145,027 | |||||||||||||||
Acquisitions
Under Contract (2) | 29,281 | 29,281 | — | — | — | |||||||||||||||
Capital
Improvements | 34,128 | 30,203 | 2,525 | 1,400 | — | |||||||||||||||
Operating
Lease Obligations | 43,842 | 3,157 | 6,356 | 6,312 | 28,017 | |||||||||||||||
Total | $ | 4,643,852 | $ | 464,082 | $ | 1,270,548 | $ | 1,803,356 | $ | 1,105,866 |
Years Ended | |||||||||||
2017 | 2016 | Change | |||||||||
Net cash provided by operating activities | $ | 386,393 | $ | 361,409 | $ | 24,984 | |||||
Net
cash provided by (used in) investing activities | 82,942 | (117,251 | ) | 200,193 | |||||||
Net cash used in financing activities | (470,596 | ) | (255,889 | ) | (214,707 | ) | |||||
Net
(decrease) increase in cash and cash equivalents | $ | (1,261 | ) | $ | (11,731 | ) | $ | 10,470 |
Years
Ended | |||||||||||
2016 | 2015 | Change | |||||||||
Net cash provided by operating activities | $ | 361,409 | $ | 371,986 | $ | (10,577 | ) | ||||
Net
cash used in investing activities | (117,251 | ) | (385,696 | ) | 268,445 | ||||||
Net cash provided by financing activities | (255,889 | ) | (140,681 | ) | (115,208 | ) | |||||
Net
increase (decrease) in cash and cash equivalents | $ | (11,731 | ) | $ | (154,391 | ) | $ | 142,660 |
Carrying Value | Estimated Fair Value | ||||||
Revolving
Credit Facility | $ | 112,000 | $ | 111,997 | |||
Term Loan, net (1) | — | — | |||||
Senior
Unsecured Notes, net (1) | 295,321 | 299,049 | |||||
Mortgages and notes payable, net (1) | 2,516,478 | 2,657,599 | |||||
Convertible
Notes, net (1) | 715,881 | 761,440 |
Item 8. Financial Statements and Supplemental Data | |
Reports of Independent Registered Public Accounting Firms | |
Consolidated Balance Sheets of Spirit Realty Capital, Inc. as of December 31, 2017 and 2016 | |
Consolidated
Statements of Operations of Spirit Realty Capital, Inc. for the Years Ended December 31, 2017, 2016 and 2015 | |
Consolidated Statements of Comprehensive Income of Spirit Realty Capital, Inc. for the Years Ended December 31, 2017, 2016 and 2015 | |
Consolidated Statements of
Stockholders' Equity of Spirit Realty Capital, Inc. for the Years Ended December 31, 2017, 2016 and 2015 | |
Consolidated Statements of Cash Flows of Spirit Realty Capital, Inc. for the Years Ended December 31, 2017, 2016 and 2015 | |
Consolidated Balance Sheets of Spirit Realty,
L.P. as of December 31, 2017 and 2016 | |
Consolidated Statements of Operations of Spirit Realty, L.P. for the Years Ended December 31, 2017, 2016 and 2015 | |
Consolidated Statements of Comprehensive Income of Spirit Realty, L.P. for the Years Ended December 31, 2017, 2016
and 2015 | |
Consolidated Statements of Partners' Capital of Spirit Realty, L.P. for the Years Ended December 31, 2017, 2016 and 2015 | |
Consolidated Statements of Cash Flows of Spirit Realty, L.P. for the Years Ended December 31, 2017, 2016 and 2015 | |
Notes
to Consolidated Financial Statements |
Assets | |||||||
Investments: | |||||||
Real
estate investments: | |||||||
Land and improvements | $ | 2,588,930 | $ | 2,704,010 | |||
Buildings and improvements | 4,692,377 | 4,775,221 | |||||
Total
real estate investments | 7,281,307 | 7,479,231 | |||||
Less: accumulated depreciation | (1,075,643 | ) | (940,005 | ) | |||
6,205,664 | 6,539,226 | ||||||
Loans
receivable, net | 79,967 | 66,578 | |||||
Intangible lease assets, net | 409,903 | 470,276 | |||||
Real estate assets under direct financing leases, net | 24,865 | 36,005 | |||||
Real
estate assets held for sale, net | 48,929 | 160,570 | |||||
Net investments | 6,769,328 | 7,272,655 | |||||
Cash and cash equivalents | 8,798 | 10,059 | |||||
Deferred
costs and other assets, net | 231,045 | 140,917 | |||||
Goodwill | 254,340 | 254,340 | |||||
Total assets | $ | 7,263,511 | $ | 7,677,971 | |||
Liabilities
and stockholders’ equity | |||||||
Liabilities: | |||||||
Revolving Credit Facility | $ | 112,000 | $ | 86,000 | |||
Term
Loan, net | — | 418,471 | |||||
Senior Unsecured Notes, net | 295,321 | 295,112 | |||||
Mortgages and notes payable, net | 2,516,478 | 2,162,403 | |||||
Convertible
Notes, net | 715,881 | 702,642 | |||||
Total debt, net | 3,639,680 | 3,664,628 | |||||
Intangible lease liabilities, net | 155,303 | 182,320 | |||||
Accounts
payable, accrued expenses and other liabilities | 148,919 | 148,915 | |||||
Total liabilities | 3,943,902 | 3,995,863 | |||||
Commitments and contingencies
(see Note 8) | |||||||
Stockholders’ equity: | |||||||
Preferred stock and paid in capital, $0.01 par value, 20,000,000 shares authorized: 6,900,000 shares and no shares issued and outstanding at December 31, 2017 and December
31, 2016, respectively, liquidation preference of $25.00 per share | 166,193 | — | |||||
Common stock, $0.01 par value, 750,000,000 shares authorized: 448,868,269 shares and 483,624,120 shares issued and outstanding at December 31, 2017 and December 31, 2016, respectively | 4,489 | 4,836 | |||||
Capital
in excess of common stock par value | 5,193,631 | 5,177,086 | |||||
Accumulated deficit | (2,044,704 | ) | (1,499,814 | ) | |||
Total stockholders’ equity | 3,319,609 | 3,682,108 | |||||
Total
liabilities and stockholders’ equity | $ | 7,263,511 | $ | 7,677,971 |
Years Ended December 31, | ||||||||||||
2017 | 2016 | 2015 | ||||||||||
Revenues: | ||||||||||||
Rentals | $ | 639,017 | $ | 648,363 | $ | 634,151 | ||||||
Interest income on loans receivable | 3,791 | 5,253 | 6,948 | |||||||||
Earned
income from direct financing leases | 2,078 | 2,742 | 3,024 | |||||||||
Tenant reimbursement income | 16,747 | 14,125 | 15,952 | |||||||||
Other
income | 7,322 | 15,491 | 7,260 | |||||||||
Total revenues | 668,955 | 685,974 | 667,335 | |||||||||
Expenses: | ||||||||||||
General
and administrative | 62,064 | 52,615 | 47,730 | |||||||||
Restructuring charges | — | 6,341 | 7,056 | |||||||||
Transaction
costs | 6,361 | — | — | |||||||||
Property costs (including reimbursable) | 36,617 | 30,839 | 27,715 | |||||||||
Real
estate acquisition costs | 1,356 | 3,229 | 2,739 | |||||||||
Interest | 190,127 | 196,586 | 222,901 | |||||||||
Depreciation
and amortization | 256,019 | 262,276 | 260,633 | |||||||||
Impairments | 102,330 | 88,275 | 70,695 | |||||||||
Total
expenses | 654,874 | 640,161 | 639,469 | |||||||||
Income from continuing operations before other (expense) income and income tax expense | 14,081 | 45,813 | 27,866 | |||||||||
Other
(expense) income: | ||||||||||||
(Loss) gain on debt extinguishment | (1,645 | ) | 233 | (3,162 | ) | |||||||
Total
other (expense) income | (1,645 | ) | 233 | (3,162 | ) | |||||||
Income from continuing operations before income tax expense | 12,436 | 46,046 | 24,704 | |||||||||
Income
tax expense | (394 | ) | (965 | ) | (601 | ) | ||||||
Income from continuing operations | 12,042 | 45,081 | 24,103 | |||||||||
Discontinued
operations: | ||||||||||||
Income from discontinued operations | — | — | 98 | |||||||||
Gain
on disposition of assets | — | — | 590 | |||||||||
Income from discontinued operations | — | — | 688 | |||||||||
Income
before gain on disposition of assets | 12,042 | 45,081 | 24,791 | |||||||||
Gain on disposition of assets | 65,106 | 52,365 | 68,421 | |||||||||
Net
Income | 77,148 | 97,446 | 93,212 | |||||||||
Dividends paid to preferred stockholders | (2,530 | ) | — | — | ||||||||
Net
income attributable to common stockholders | $ | 74,618 | $ | 97,446 | $ | 93,212 | ||||||
Net
income per share attributable to common stockholders—basic | $ | 0.16 | $ | 0.21 | $ | 0.21 | ||||||
Net
income per share attributable to common stockholders—diluted | $ | 0.16 | $ | 0.21 | $ | 0.21 | ||||||
Weighted average shares of common stock outstanding: | ||||||||||||
Basic | 467,934,945 | 469,217,776 | 432,222,953 | |||||||||
Diluted | 467,942,788 | 469,246,265 | 432,545,625 |
Years Ended December
31, | |||||||||||
2017 | 2016 | 2015 | |||||||||
Net income attributable to common stockholders | $ | 74,618 | $ | 97,446 | $ | 93,212 | |||||
Other
comprehensive income: | |||||||||||
Change in net unrealized losses on cash flow hedges | — | (1,137 | ) | (1,190 | ) | ||||||
Net
cash flow hedge losses reclassified to operations | — | 2,165 | 1,245 | ||||||||
Total comprehensive income | $ | 74,618 | $ | 98,474 | $ | 93,267 |
Preferred
Stock | Common Stock | Accumulated Deficit | Total Stockholders’ Equity | |||||||||||||||||||||||||||
Shares | Par Value and Capital in Excess of Par Value | Shares | Par Value | Capital in Excess of Par Value | AOCL | |||||||||||||||||||||||||
Balances, December
31, 2014 | — | $ | — | 411,350,440 | $ | 4,113 | $ | 4,361,320 | $ | (1,052,688 | ) | $ | (1,083 | ) | $ | 3,311,662 | ||||||||||||||
Net
income | — | — | — | — | — | 93,212 | — | 93,212 | ||||||||||||||||||||||
Other
comprehensive income | — | — | — | — | — | — | 55 | 55 | ||||||||||||||||||||||
Dividends
declared on common stock | — | — | — | — | — | (298,531 | ) | — | (298,531 | ) | ||||||||||||||||||||
Tax
withholdings related to net stock settlements | — | — | (426,158 | ) | (4 | ) | — | (4,268 | ) | — | (4,272 | ) | ||||||||||||||||||
Issuance
of shares of common stock, net | — | — | 29,610,100 | 296 | 346,915 | — | — | 347,211 | ||||||||||||||||||||||
Exercise
of stock options | — | — | 5,000 | — | 46 | — | — | 46 | ||||||||||||||||||||||
Stock-based
compensation, net | — | — | 1,280,582 | 13 | 13,042 | (564 | ) | — | 12,491 | |||||||||||||||||||||
Balances, December
31, 2015 | — | $ | — | 441,819,964 | $ | 4,418 | $ | 4,721,323 | $ | (1,262,839 | ) | $ | (1,028 | ) | $ | 3,461,874 | ||||||||||||||
Net
income | — | — | — | — | — | 97,446 | — | 97,446 | ||||||||||||||||||||||
Other
comprehensive income | — | — | — | — | — | — | 1,028 | 1,028 | ||||||||||||||||||||||
Dividends
declared on common stock | — | — | — | — | — | (333,180 | ) | — | (333,180 | ) | ||||||||||||||||||||
Tax
withholdings related to net stock settlements | — | — | (72,835 | ) | (1 | ) | — | (752 | ) | — | (753 | ) | ||||||||||||||||||
Issuance
of shares of common stock, net | — | — | 40,835,360 | 408 | 446,205 | — | — | 446,613 | ||||||||||||||||||||||
Stock-based
compensation, net | — | — | 1,041,631 | 11 | 9,558 | (489 | ) | — | 9,080 | |||||||||||||||||||||
Balances, December
31, 2016 | — | $ | — | 483,624,120 | $ | 4,836 | $ | 5,177,086 | $ | (1,499,814 | ) | $ | — | $ | 3,682,108 | |||||||||||||||
Net
income | — | — | — | — | — | 77,148 | — | 77,148 | ||||||||||||||||||||||
Dividends
declared on preferred stock | — | — | — | — | — | (2,530 | ) | — | (2,530 | ) | ||||||||||||||||||||
Net
income available to common stockholders | — | — | — | — | — | 74,618 | — | 74,618 | ||||||||||||||||||||||
Issuance
of preferred stock | 6,900,000 | 166,193 | — | — | — | — | — | 166,193 | ||||||||||||||||||||||
Dividends
declared on common stock | — | — | — | — | — | (332,402 | ) | — | (332,402 | ) | ||||||||||||||||||||
Tax
withholdings related to net stock settlements | — | — | (440,312 | ) | (4 | ) | — | (3,538 | ) | — | (3,542 | ) | ||||||||||||||||||
Repurchase
of common shares | — | — | (35,839,965 | ) | (358 | ) | — | (282,731 | ) | — | (283,089 | ) | ||||||||||||||||||
Stock-based
compensation, net | — | — | 1,524,426 | 15 | 16,545 | (837 | ) | — | 15,723 | |||||||||||||||||||||
Balances,
December 31, 2017 | 6,900,000 | $ | 166,193 | 448,868,269 | $ | 4,489 | $ | 5,193,631 | $ | (2,044,704 | ) | $ | — | $ | 3,319,609 |
Years
Ended December 31, | ||||||||||||
2017 | 2016 | 2015 | ||||||||||
Operating activities | ||||||||||||
Net
Income | $ | 77,148 | $ | 97,446 | $ | 93,212 | ||||||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
Depreciation
and amortization | 256,019 | 262,276 | 260,633 | |||||||||
Impairments | 102,330 | 88,275 | 70,729 | |||||||||
Amortization
of deferred financing costs | 9,896 | 9,070 | 7,937 | |||||||||
Payments to terminate interest rate swap | — | (1,724 | ) | — | ||||||||
Derivative
net settlements, amortization and terminations | — | 1,811 | (132 | ) | ||||||||
Amortization of debt discounts | 13,572 | 6,217 | 2,322 | |||||||||
Stock-based
compensation expense | 16,560 | 9,570 | 13,321 | |||||||||
Loss (gain) on debt extinguishment | 1,645 | (233 | ) | 3,162 | ||||||||
Debt
extinguishment costs | (3,305 | ) | (26,219 | ) | (8,112 | ) | ||||||
Gains on dispositions of real estate and other assets | (65,106 | ) | (52,365 | ) | (69,011 | ) | ||||||
Non-cash
revenue | (28,439 | ) | (26,333 | ) | (20,930 | ) | ||||||
Bad debt expense and other | 5,913 | (594 | ) | 151 | ||||||||
Changes
in operating assets and liabilities: | ||||||||||||
Deferred costs and other assets, net | (1,418 | ) | (6,561 | ) | (604 | ) | ||||||
Accounts
payable, accrued expenses and other liabilities | 1,578 | 6,308 | 13,382 | |||||||||
Accrued restructuring charges | — | (5,535 | ) | 5,926 | ||||||||
Net
cash provided by operating activities | 386,393 | 361,409 | 371,986 | |||||||||
Investing activities | ||||||||||||
Acquisitions
of real estate | (279,934 | ) | (655,835 | ) | (875,983 | ) | ||||||
Capitalized real estate expenditures | (46,100 | ) | (27,078 | ) | (10,269 | ) | ||||||
Investments
in loans receivable | (4,995 | ) | (5,073 | ) | (4,020 | ) | ||||||
Collections of principal on loans receivable and real estate assets under direct financing leases | 12,769 | 8,410 | 6,822 | |||||||||
Proceeds
from dispositions of real estate and other assets | 472,496 | 524,776 | 496,646 | |||||||||
Transfers of net sales proceeds from (to) restricted accounts pursuant to 1031 Exchanges | — | 39,869 | (39,869 | ) | ||||||||
Transfers
of net sales proceeds (to) from Master Trust Release | (71,294 | ) | (2,320 | ) | 40,977 | |||||||
Net cash provided by (used in) investing activities | 82,942 | (117,251 | ) | (385,696 | ) |
Years Ended December 31, | ||||||||||||
2017 | 2016 | 2015 | ||||||||||
Financing
activities | ||||||||||||
Borrowings under Revolving Credit Facilities | 940,200 | 1,080,000 | 798,000 | |||||||||
Repayments
under Revolving Credit Facilities | (914,200 | ) | (994,000 | ) | (813,181 | ) | ||||||
Borrowings under mortgages and notes payable | 618,603 | — | — | |||||||||
Repayments
under mortgages and notes payable | (221,310 | ) | (863,836 | ) | (512,486 | ) | ||||||
Borrowings under Term Loan | — | 796,000 | 325,000 | |||||||||
Repayments
under Term Loan | (420,000 | ) | (701,000 | ) | — | |||||||
Borrowings under Senior Unsecured Notes | — | 298,134 | — | |||||||||
Deferred
financing costs | (8,255 | ) | (4,352 | ) | (6,150 | ) | ||||||
Proceeds from issuance of common stock, net of offering costs | — | 446,613 | 347,211 | |||||||||
Proceeds
from issuance of preferred stock, net of offering costs | 166,193 | — | — | |||||||||
Repurchase of shares of common stock | (286,631 | ) | (753 | ) | (4,272 | ) | ||||||
Proceeds
from exercise of stock options | — | — | 46 | |||||||||
Preferred stock dividends paid | (2,530 | ) | — | — | ||||||||
Common
stock dividends paid | (339,174 | ) | (323,640 | ) | (292,262 | ) | ||||||
Transfers (from) to reserve/escrow deposits with lenders, net | (3,492 | ) | 10,945 | 17,413 | ||||||||
Net
cash used in financing activities | (470,596 | ) | (255,889 | ) | (140,681 | ) | ||||||
Net decrease in cash and cash equivalents | (1,261 | ) | (11,731 | ) | (154,391 | ) | ||||||
Cash
and cash equivalents, beginning of year | 10,059 | 21,790 | 176,181 | |||||||||
Cash and cash equivalents, end of year | $ | 8,798 | $ | 10,059 | $ | 21,790 |
Assets | |||||||
Investments: | |||||||
Real estate investments: | |||||||
Land
and improvements | $ | 2,588,930 | $ | 2,704,010 | |||
Buildings and improvements | 4,692,377 | 4,775,221 | |||||
Total
real estate investments | 7,281,307 | 7,479,231 | |||||
Less: accumulated depreciation | (1,075,643 | ) | (940,005 | ) | |||
6,205,664 | 6,539,226 | ||||||
Loans
receivable, net | 79,967 | 66,578 | |||||
Intangible lease assets, net | 409,903 | 470,276 | |||||
Real estate assets under direct financing leases, net | 24,865 | 36,005 | |||||
Real
estate assets held for sale, net | 48,929 | 160,570 | |||||
Net investments | 6,769,328 | 7,272,655 | |||||
Cash and cash equivalents | 8,798 | 10,059 | |||||
Deferred
costs and other assets, net | 231,045 | 140,917 | |||||
Goodwill | 254,340 | 254,340 | |||||
Total assets | $ | 7,263,511 | $ | 7,677,971 | |||
Liabilities
and stockholders’ equity | |||||||
Liabilities: | |||||||
Revolving Credit Facility | $ | 112,000 | $ | 86,000 | |||
Term
Loan, net | — | 418,471 | |||||
Senior Unsecured Notes, net | 295,321 | 295,112 | |||||
Mortgages and notes payable, net | 2,516,478 | 2,162,403 | |||||
Notes
payable to Spirit Realty Capital, Inc., net | 715,881 | 702,642 | |||||
Total debt, net | 3,639,680 | 3,664,628 | |||||
Intangible lease liabilities, net | 155,303 | 182,320 | |||||
Accounts
payable, accrued expenses and other liabilities | 148,919 | 148,915 | |||||
Total liabilities | 3,943,902 | 3,995,863 | |||||
Commitments and contingencies (see Note
8) | |||||||
Partners' Capital | |||||||
Partnership units | |||||||
General
partner's common capital, 3,988,218 units issued and outstanding as of both December 31, 2017 and December 31, 2016 | 24,426 | 26,586 | |||||
Limited partners' preferred capital: 6,900,000 and no units issued and outstanding as of December 31, 2017 and December 31, 2016, respectively | 166,193 | — | |||||
Limited
partners' common capital, 444,880,051 and 479,635,902 units issued and outstanding as of December 31, 2017 and December 31, 2016, respectively | 3,128,990 | 3,655,522 | |||||
Total partners' capital | 3,319,609 | 3,682,108 | |||||
Total
liabilities and partners' capital | $ | 7,263,511 | $ | 7,677,971 |
Years Ended December 31, | ||||||||||||
2017 | 2016 | 2015 | ||||||||||
Revenues: | ||||||||||||
Rentals | $ | 639,017 | $ | 648,363 | $ | 634,151 | ||||||
Interest income on loans receivable | 3,791 | 5,253 | 6,948 | |||||||||
Earned
income from direct financing leases | 2,078 | 2,742 | 3,024 | |||||||||
Tenant reimbursement income | 16,747 | 14,125 | 15,952 | |||||||||
Other
income | 7,322 | 15,491 | 7,260 | |||||||||
Total revenues | 668,955 | 685,974 | 667,335 | |||||||||
Expenses: | ||||||||||||
General
and administrative | 62,064 | 52,615 | 47,730 | |||||||||
Restructuring charges | — | 6,341 | 7,056 | |||||||||
Transaction
costs | 6,361 | — | — | |||||||||
Property costs (including reimbursable) | 36,617 | 30,839 | 27,715 | |||||||||
Real
estate acquisition costs | 1,356 | 3,229 | 2,739 | |||||||||
Interest | 190,127 | 196,586 | 222,901 | |||||||||
Depreciation
and amortization | 256,019 | 262,276 | 260,633 | |||||||||
Impairments | 102,330 | 88,275 | 70,695 | |||||||||
Total
expenses | 654,874 | 640,161 | 639,469 | |||||||||
Income from continuing operations before other (expense) income and income tax expense | 14,081 | 45,813 | 27,866 | |||||||||
Other
(expense) income: | ||||||||||||
(Loss) gain on debt extinguishment | (1,645 | ) | 233 | (3,162 | ) | |||||||
Total
other (expense) income | (1,645 | ) | 233 | (3,162 | ) | |||||||
Income from continuing operations before income tax expense | 12,436 | 46,046 | 24,704 | |||||||||
Income
tax expense | (394 | ) | (965 | ) | (601 | ) | ||||||
Income from continuing operations | 12,042 | 45,081 | 24,103 | |||||||||
Discontinued
operations: | ||||||||||||
Income from discontinued operations | — | — | 98 | |||||||||
Gain
on disposition of assets | — | — | 590 | |||||||||
Income from discontinued operations | — | — | 688 | |||||||||
Income
before gain on disposition of assets | 12,042 | 45,081 | 24,791 | |||||||||
Gain on disposition of assets | 65,106 | 52,365 | 68,421 | |||||||||
Net
income | $ | 77,148 | $ | 97,446 | $ | 93,212 | ||||||
Preferred distributions | (2,530 | ) | — | — | ||||||||
Net
income after preferred distributions | 74,618 | 97,446 | 93,212 | |||||||||
Net
income attributable to general partners | 657 | 825 | 855 | |||||||||
Net income attributable to limited partners | 76,491 | 96,621 | 92,357 | |||||||||
Net
income per common partnership unit - basic | $ | 0.16 | $ | 0.21 | $ | 0.21 | ||||||
Net
income per common partnership unit —diluted | $ | 0.16 | $ | 0.21 | $ | 0.21 | ||||||
Weighted average common partnership units outstanding: | ||||||||||||
Basic | 467,934,945 | 469,217,776 | 432,222,953 | |||||||||
Diluted | 467,942,788 | 469,246,265 | 432,545,625 |
Years Ended December
31, | |||||||||||
2017 | 2016 | 2015 | |||||||||
Net income | $ | 77,148 | $ | 97,446 | $ | 93,212 | |||||
Other
comprehensive income: | |||||||||||
Change in net unrealized losses on cash flow hedges | — | (1,137 | ) | (1,190 | ) | ||||||
Net
cash flow hedge losses reclassified to operations | — | 2,165 | 1,245 | ||||||||
Total comprehensive income | $ | 77,148 | $ | 98,474 | $ | 93,267 |
Preferred
Units | Common Units | Total Partnership Capital | |||||||||||||||||||||||
Limited Partners' Capital (2) | General Partner's Capital (1) | Limited
Partners' Capital (2) | |||||||||||||||||||||||
Units | Amount | Units | Amount | Units | Amount | ||||||||||||||||||||
Balances, December
31, 2014 | — | $ | — | 3,988,218 | $ | 30,456 | 407,362,222 | $ | 3,281,206 | $ | 3,311,662 | ||||||||||||||
Net
income | — | — | — | 855 | — | 92,357 | 93,212 | ||||||||||||||||||
Other
comprehensive income | — | — | — | 1 | — | 54 | 55 | ||||||||||||||||||
Partnership
distributions declared | — | — | — | (2,738 | ) | — | (295,793 | ) | (298,531 | ) | |||||||||||||||
Tax
withholdings related to net settlement of partnership units | — | — | — | — | (426,158 | ) | (4,272 | ) | (4,272 | ) | |||||||||||||||
Issuance
of partnership units, net | — | — | — | — | 29,610,100 | 347,211 | 347,211 | ||||||||||||||||||
Exercise
of partnership units | — | — | — | — | 5,000 | 46 | 46 | ||||||||||||||||||
Stock-based
compensation, net | — | — | — | — | 1,280,582 | 12,491 | 12,491 | ||||||||||||||||||
Balances, December
31, 2015 | — | $ | — | 3,988,218 | $ | 28,574 | 437,831,746 | $ | 3,433,300 | $ | 3,461,874 | ||||||||||||||
Net
income | — | — | — | 825 | — | 96,621 | 97,446 | ||||||||||||||||||
Other
comprehensive income | — | — | — | 9 | — | 1,019 | 1,028 | ||||||||||||||||||
Partnership
distributions declared | — | — | — | (2,822 | ) | — | (330,358 | ) | (333,180 | ) | |||||||||||||||
Tax
withholdings related to net settlement of partnership units | — | — | — | — | (72,835 | ) | (753 | ) | (753 | ) | |||||||||||||||
Issuance
of partnership units, net | — | — | — | — | 40,835,360 | 446,613 | 446,613 | ||||||||||||||||||
Stock-based
compensation, net | — | — | — | — | 1,041,631 | 9,080 | 9,080 | ||||||||||||||||||
Balances,
December 31, 2016 | — | $ | — | 3,988,218 | $ | 26,586 | 479,635,902 | $ | 3,655,522 | $ | 3,682,108 | ||||||||||||||
Net
income | — | — | — | $ | 657 | — | $ | 76,491 | $ | 77,148 | |||||||||||||||
Partnership
distributions declared on preferred units | — | — | — | — | — | (2,530 | ) | (2,530 | ) | ||||||||||||||||
Net
income after preferred distributions | — | 657 | — | 73,961 | 74,618 | ||||||||||||||||||||
Issuance
of preferred partnership units | 6,900,000 | 166,193 | — | — | — | — | 166,193 | ||||||||||||||||||
Partnership
distributions declared on common units | — | — | — | (2,817 | ) | — | (329,585 | ) | (332,402 | ) | |||||||||||||||
Tax
withholdings related to net partnership unit settlements | — | — | — | — | (440,312 | ) | (3,542 | ) | (3,542 | ) | |||||||||||||||
Repurchase
of partnership units | — | — | — | — | (35,839,965 | ) | (283,089 | ) | (283,089 | ) | |||||||||||||||
Stock-based
compensation | — | — | — | — | 1,524,426 | 15,723 | 15,723 | ||||||||||||||||||
Balances,
December 31, 2017 | 6,900,000 | $ | 166,193 | 3,988,218 | $ | 24,426 | 444,880,051 | $ | 3,128,990 | $ | 3,319,609 |
Years
Ended December 31, | |||||||||||
2017 | 2016 | 2015 | |||||||||
Operating activities | |||||||||||
Net
Income | $ | 77,148 | $ | 97,446 | $ | 93,212 | |||||
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Depreciation
and amortization | 256,019 | 262,276 | 260,633 | ||||||||
Impairments | 102,330 | 88,275 | 70,729 | ||||||||
Amortization
of deferred financing costs | 9,896 | 9,070 | 7,937 | ||||||||
Payments to terminate interest rate swap | — | (1,724 | ) | — | |||||||
Derivative
net settlements, amortization and terminations | — | 1,811 | (132 | ) | |||||||
Amortization of debt discounts | 13,572 | 6,217 | 2,322 | ||||||||
Stock-based
compensation expense | 16,560 | 9,570 | 13,321 | ||||||||
Loss (gain) on debt extinguishment | 1,645 | (233 | ) | 3,162 | |||||||
Debt
extinguishment costs | (3,305 | ) | (26,219 | ) | (8,112 | ) | |||||
Gains on dispositions of real estate and other assets | (65,106 | ) | (52,365 | ) | (69,011 | ) | |||||
Non-cash
revenue | (28,439 | ) | (26,333 | ) | (20,930 | ) | |||||
Bad debt expense and other | 5,913 | (594 | ) | 151 | |||||||
Changes
in operating assets and liabilities: | |||||||||||
Deferred costs and other assets, net | (1,418 | ) | (6,561 | ) | (604 | ) | |||||
Accounts
payable, accrued expenses and other liabilities | 1,578 | 6,308 | 13,382 | ||||||||
Accrued restructuring charges | — | (5,535 | ) | 5,926 | |||||||
Net
cash provided by operating activities | 386,393 | 361,409 | 371,986 | ||||||||
Investing activities | |||||||||||
Acquisitions
of real estate | (279,934 | ) | (655,835 | ) | (875,983 | ) | |||||
Capitalized real estate expenditures | (46,100 | ) | (27,078 | ) | (10,269 | ) | |||||
Investments
in loans receivable | (4,995 | ) | (5,073 | ) | (4,020 | ) | |||||
Collections of principal on loans receivable and real estate assets under direct financing leases | 12,769 | 8,410 | 6,822 | ||||||||
Proceeds
from dispositions of real estate and other assets | 472,496 | 524,776 | 496,646 | ||||||||
Transfers of net sales proceeds from (to) restricted accounts pursuant to 1031 Exchanges | — | 39,869 | (39,869 | ) | |||||||
Transfers
of net sales proceeds (to) from Master Trust Release | (71,294 | ) | (2,320 | ) | 40,977 | ||||||
Net cash provided by (used in) investing activities | 82,942 | (117,251 | ) | (385,696 | ) |
Years
Ended December 31, | |||||||||||
2017 | 2016 | 2015 | |||||||||
Financing activities | |||||||||||
Borrowings
under Revolving Credit Facilities | 940,200 | 1,080,000 | 798,000 | ||||||||
Repayments under Revolving Credit Facilities | (914,200 | ) | (994,000 | ) | (813,181 | ) | |||||
Borrowings
under mortgages and notes payable | 618,603 | — | — | ||||||||
Repayments under mortgages and notes payable | (221,310 | ) | (863,836 | ) | (512,486 | ) | |||||
Borrowings
under Term Loan | — | 796,000 | 325,000 | ||||||||
Repayments under Term Loan | (420,000 | ) | (701,000 | ) | — | ||||||
Borrowings
under Senior Unsecured Notes | — | 298,134 | — | ||||||||
Deferred financing costs | (8,255 | ) | (4,352 | ) | (6,150 | ) | |||||
Proceeds
from issuance of common stock, net of offering costs | — | 446,613 | 347,211 | ||||||||
Proceeds from issuance of preferred stock, net of offering costs | 166,193 | — | — | ||||||||
Repurchase
of partnership units | (286,631 | ) | (753 | ) | (4,272 | ) | |||||
Proceeds from exercise of partnership units | — | — | 46 | ||||||||
Preferred
distributions paid | (2,530 | ) | — | — | |||||||
Common distributions paid | (339,174 | ) | (323,640 | ) | (292,262 | ) | |||||
Transfers
(from) to reserve/escrow deposits with lenders, net | (3,492 | ) | 10,945 | 17,413 | |||||||
Net cash used in financing activities | (470,596 | ) | (255,889 | ) | (140,681 | ) | |||||
Net
decrease in cash and cash equivalents | (1,261 | ) | (11,731 | ) | (154,391 | ) | |||||
Cash and cash equivalents, beginning of year | 10,059 | 21,790 | 176,181 | ||||||||
Cash
and cash equivalents, end of year | $ | 8,798 | $ | 10,059 | $ | 21,790 |
Consolidated | |||
Balance
as of December 31, 2014 | $ | 285,848 | |
Goodwill allocated to dispositions of a business | (21,498 | ) | |
Balance as of December 31, 2015 | 264,350 | ||
Goodwill allocated to dispositions of a business | (10,010 | ) | |
Balance
as of December 31, 2016 | 254,340 | ||
Goodwill allocated to dispositions of a business | — | ||
Balance as of December 31, 2017 | $ | 254,340 |
Collateral deposits (1) | $ | 1,751 | $ | 2,044 | |||
Tenant improvements, repairs, and leasing commissions (2) | 8,257 | 9,739 | |||||
Master
Trust Release (3) | 85,703 | 14,412 | |||||
Liquidity reserve (4) | 5,503 | — | |||||
Other
(5) | 4,695 | 644 | |||||
$ | 105,909 | $ | 26,839 |
Number of Properties | Dollar Amount of Investments | |||||||||||||||||||
Owned | Financed | Total | Owned | Financed | Total | |||||||||||||||
(In Thousands) | ||||||||||||||||||||
Gross
balance, December 31, 2015 | 2,485 | 144 | 2,629 | $ | 8,198,685 | $ | 104,003 | $ | 8,302,688 | |||||||||||
Acquisitions/improvements
(1) | 269 | — | 269 | 711,510 | — | 711,510 | ||||||||||||||
Dispositions
of real estate (2)(3) | (213 | ) | — | (213 | ) | (598,662 | ) | — | (598,662 | ) | ||||||||||
Principal
payments and payoffs | — | (70 | ) | (70 | ) | — | (34,955 | ) | (34,955 | ) | ||||||||||
Impairments | — | — | — | (88,073 | ) | (176 | ) | (88,249 | ) | |||||||||||
Write-off
of gross lease intangibles | — | — | — | (42,307 | ) | — | (42,307 | ) | ||||||||||||
Loan
premium amortization and other | — | — | — | (77 | ) | (2,294 | ) | (2,371 | ) | |||||||||||
Gross
balance, December 31, 2016 | 2,541 | 74 | 2,615 | 8,181,076 | 66,578 | 8,247,654 | ||||||||||||||
Acquisitions/improvements
(1) | 43 | 16 | 59 | 326,766 | 23,300 | 350,066 | ||||||||||||||
Dispositions
of real estate (2)(3) | (192 | ) | — | (192 | ) | (510,863 | ) | — | (510,863 | ) | ||||||||||
Principal
payments and payoffs | — | (2 | ) | (2 | ) | — | (7,878 | ) | (7,878 | ) | ||||||||||
Impairments | — | — | — | (101,941 | ) | (389 | ) | (102,330 | ) | |||||||||||
Write-off
of gross lease intangibles | — | — | — | (67,139 | ) | — | (67,139 | ) | ||||||||||||
Loan
premium amortization and other | — | — | — | (4,841 | ) | (1,644 | ) | (6,485 | ) | |||||||||||
Gross
balance, December 31, 2017 | 2,392 | 88 | 2,480 | $ | 7,823,058 | $ | 79,967 | $ | 7,903,025 | |||||||||||
Accumulated
depreciation and amortization | (1,289,304 | ) | — | (1,289,304 | ) | |||||||||||||||
Other | 304 | — | 304 | |||||||||||||||||
Net
balance, December 31, 2017 | $ | 6,534,058 | $ | 79,967 | $ | 6,614,025 |
(1) | Includes
investments of $42.6 million and $20.5 million, respectively, in revenue producing capitalized expenditures, as well as $3.5 million and $6.6 million, respectively, of non-revenue producing capitalized expenditures for the years ended December 31, 2017 and 2016. |
(2) | The total accumulated depreciation
and amortization associated with dispositions of real estate was $57.1 million and $126.4 million, respectively, for the years ended December 31, 2017 and 2016. |
(3) | For the years ended December 31, 2017, 2016 and 2015
the total gain on disposal of assets for properties held in use and held for sale was $24.6 million and $40.5 million, $35.8 million and $16.6 million, and $34.5 million and $33.9 million, respectively. |
2018 | $ | 599,194 | |
2019 | 587,493 | ||
2020 | 570,820 | ||
2021 | 542,899 | ||
2022 | 507,936 | ||
Thereafter | 3,637,342 | ||
Total
future minimum rentals | $ | 6,445,684 |
Mortgage loans - principal | $ | 69,963 | $ | 55,410 | |||
Mortgage loans - premium, net of amortization | 5,038 | 7,194 | |||||
Allowance
for loan losses | (389 | ) | — | ||||
Mortgages loans, net | 74,612 | 62,604 | |||||
Other note receivables - principal | 5,355 | 4,474 | |||||
Allowance
for loan losses | — | (500 | ) | ||||
Other note receivables | 5,355 | 3,974 | |||||
Total loans receivable, net | $ | 79,967 | $ | 66,578 |
In-place
leases | $ | 591,551 | $ | 624,723 | |||
Above-market leases | 89,640 | 88,873 | |||||
Less:
accumulated amortization | (271,288 | ) | (243,320 | ) | |||
Intangible lease assets, net | $ | 409,903 | $ | 470,276 | |||
Below-market
leases | $ | 216,642 | $ | 236,008 | |||
Less: accumulated amortization | (61,339 | ) | (53,688 | ) | |||
Intangible
lease liabilities, net | $ | 155,303 | $ | 182,320 |
2018 | $ | 32,343 | |
2019 | 30,736 | ||
2020 | 28,717 | ||
2021 | 26,108 | ||
2022 | 22,838 | ||
Thereafter | 113,858 | ||
Total
future minimum amortization | $ | 254,600 |
Minimum lease payments receivable | $ | 7,325 | $ | 9,456 | |||
Estimated residual value of leased assets | 24,552 | 35,640 | |||||
Unearned
income | (7,012 | ) | (9,091 | ) | |||
Real estate assets under direct financing leases, net | $ | 24,865 | $ | 36,005 |
Number
of Properties | Carrying Value | |||||
(In Thousands) | ||||||
Balance, December 31, 2015 | 36 | $ | 84,259 | |||
Transfers from real estate
investments | 72 | 246,730 | ||||
Sales | (59 | ) | (126,100 | ) | ||
Transfers to real estate investments held and used | (5 | ) | (21,046 | ) | ||
Impairments | (23,273 | ) | ||||
Balance,
December 31, 2016 | 44 | 160,570 | ||||
Transfers from real estate investments | 82 | 216,502 | ||||
Sales | (91 | ) | (208,029 | ) | ||
Transfers
to real estate investments held and used | (20 | ) | (95,382 | ) | ||
Impairments | (24,732 | ) | ||||
Balance, December 31, 2017 | 15 | 48,929 |
Years
Ended December 31, | |||||||||||
2017 | 2016 | 2015 | |||||||||
Real estate and intangible asset impairment | $ | 93,441 | $ | 80,390 | $ | 68,565 | |||||
Write-off
of lease intangibles, net | 8,500 | 7,683 | 1,666 | ||||||||
Loans receivable impairment | 389 | 176 | 324 | ||||||||
Total
impairments from real estate investment net assets | 102,330 | 88,249 | 70,555 | ||||||||
Other impairment | — | 26 | 174 | ||||||||
Total impairment loss
in contuining and discontinued operations | $ | 102,330 | $ | 88,275 | $ | 70,729 |
2017 Weighted Average Effective Interest Rates (1) | 2017 Weighted Average Stated Rates (2) | 2017 Weighted Average Maturity (3) | |||||||||||||
(In
Thousands) | |||||||||||||||
Revolving Credit Facility | 3.88 | % | 2.44 | % | 1.2 | $ | 112,000 | $ | 86,000 | ||||||
Term
Loan | 2.68 | % | 2.50 | % | 0.8 | — | 420,000 | ||||||||
Master Trust
Notes | 5.52 | % | 5.01 | % | 5.2 | 2,248,504 | 1,672,706 | ||||||||
CMBS
- fixed-rate | 5.78 | % | 5.81 | % | 4.6 | 332,647 | 528,427 | ||||||||
Convertible
Notes | 5.32 | % | 3.28 | % | 2.3 | 747,500 | 747,500 | ||||||||
Unsecured
Senior Notes | 4.65 | % | 4.45 | % | 8.7 | 300,000 | 300,000 | ||||||||
Total
debt | 5.04 | % | 4.35 | % | 4.7 | 3,740,651 | 3,754,633 | ||||||||
Debt
discount, net | (61,399 | ) | (52,894 | ) | |||||||||||
Deferred financing costs, net (4) | (39,572 | ) | (37,111 | ) | |||||||||||
Total
debt, net | $ | 3,639,680 | $ | 3,664,628 |
Stated Rates (1) | Maturity | |||||||||||
(in Years) | (in Thousands) | |||||||||||
Series 2014-1 Class A1 | — | % | 0.0 | $ | — | $ | 53,919 | |||||
Series
2014-1 Class A2 | 5.4 | % | 2.5 | 252,437 | 253,300 | |||||||
Series 2014-2 | 5.8 | % | 3.2 | 222,683 | 226,283 | |||||||
Series
2014-3 | 5.7 | % | 4.2 | 311,336 | 311,820 | |||||||
Series 2014-4 Class A1 | 3.5 | % | 2.1 | 150,000 | 150,000 | |||||||
Series
2014-4 Class A2 | 4.6 | % | 12.1 | 358,664 | 360,000 | |||||||
Series 2017-1 Class A (2) | 4.4 | % | 5.0 | 515,280 | — | |||||||
Series
2017-1 Class B (2) | 6.4 | % | 5.0 | 125,400 | — | |||||||
Total Master Trust 2014 notes | 5.0 | % | 5.4 | 1,935,800 | 1,355,322 | |||||||
Series
2013-1 Class A | 3.9 | % | 1.0 | 125,000 | 125,000 | |||||||
Series 2013-2 Class A | 5.3 | % | 6.0 | 187,704 | 192,384 | |||||||
Total
Master Trust 2013 notes | 4.7 | % | 4.0 | 312,704 | 317,384 | |||||||
Total Master Trust Notes | 2,248,504 | 1,672,706 | ||||||||||
Debt
discount, net | (36,188 | ) | (18,787 | ) | ||||||||
Deferred financing costs, net | (24,010 | ) | (16,376 | ) | ||||||||
Total
Master Trust Notes, net | $ | 2,188,306 | $ | 1,637,543 |
Scheduled Principal | Balloon Payment | Total | |||||||||
2018
(1) | $ | 41,877 | $ | 189,312 | $ | 231,189 | |||||
2019 | 44,135 | 514,500 | 558,635 | ||||||||
2020 | 48,910 | 365,903 | 414,813 | ||||||||
2021 | 32,402 | 554,753 | 587,155 | ||||||||
2022 | 32,557 | 983,480 | 1,016,037 | ||||||||
Thereafter | 188,177 | 744,645 | 932,822 | ||||||||
Total | $ | 388,058 | $ | 3,352,593 | $ | 3,740,651 |
Years
Ended December 31, | |||||||||||
2017 | 2016 | 2015 | |||||||||
Interest expense – Revolving Credit Facilities (1) | $ | 7,957 | $ | 3,314 | $ | 2,698 | |||||
Interest
expense – Term Loan | 9,793 | 5,218 | 888 | ||||||||
Interest expense – mortgages and notes payable | 111,049 | 143,233 | 184,439 | ||||||||
Interest
expense – Convertible Notes (2) | 24,509 | 24,509 | 24,509 | ||||||||
Interest expense – Unsecured Senior Notes | 13,351 | 4,932 | — | ||||||||
Non-cash
interest expense: | |||||||||||
Amortization of deferred financing costs | 9,896 | 9,070 | 7,937 | ||||||||
Amortization
of net losses related to interest rate swaps | — | 93 | 108 | ||||||||
Amortization of debt discount/(premium), net | 13,572 | 6,217 | 2,322 | ||||||||
Total
interest expense | $ | 190,127 | $ | 196,586 | $ | 222,901 |
Amount of Loss Recognized in AOCL on Derivative (Effective Portion) | ||||||||||||
Years Ended
December 31, | ||||||||||||
Derivatives in Cash Flow Hedging Relationships | 2017 | 2016 | 2015 | |||||||||
Interest rate swaps | $ | — | $ | (1,137 | ) | $ | (1,190 | ) | ||||
Amount of Loss Reclassified from
AOCL into Operations (Effective Portion) | ||||||||||||
Years Ended December 31, | ||||||||||||
Location of Loss Reclassified from AOCL into Operations | 2017 | 2016 | 2015 | |||||||||
Interest expense | $ | — | $ | (459 | ) | $ | (1,169 | ) | ||||
Amount of Loss Recognized
in Operations on Derivative (Ineffective Portion) | ||||||||||||
Years Ended December 31, | ||||||||||||
Location of Loss or Recognized in Operations on Derivatives | 2017 | 2016 | 2015 | |||||||||
General and
administrative expense (1) | $ | — | $ | (1,706 | ) | $ | (78 | ) | ||||
Derivatives
Not Designated as Hedging Instruments | ||||||||||||
Years Ended December 31, | ||||||||||||
Location of Loss Recognized in Operations on Derivatives | 2017 | 2016 | 2015 | |||||||||
General and administrative expense | $ | — | $ | (18 | ) | $ | — |
Years
Ended December 31, | |||||||||||
2017 | 2016 | 2015 | |||||||||
State income tax | $ | 394 | $ | 899 | $ | 601 | |||||
REIT
state built-in gain tax expense | — | 47 | — | ||||||||
Federal income tax | $ | — | $ | 19 | $ | — | |||||
Total
income tax expense | $ | 394 | $ | 965 | $ | 601 |
Year
Ended December 31, 2017 | Year Ended December 31, 2016 | Year Ended December 31, 2015 | |||||||||
Ordinary income | $ | 0.49 | $ | 0.52 | $ | 0.42 | |||||
Return
of capital | 0.16 | 0.15 | 0.26 | ||||||||
Capital gain | 0.07 | 0.03 | — | ||||||||
Total | $ | 0.72 | $ | 0.70 | $ | 0.68 |
Declaration Date | Dividend Per Share | Record Date | Total
Amount (1) | Payment Date | ||||||||
(in Thousands) | ||||||||||||
2017 | ||||||||||||
Preferred
Stock | ||||||||||||
$ | 0.36667 | $ | 2,530 | |||||||||
Common Stock | ||||||||||||
$ | 0.18000 | $ | 87,122 | |||||||||
0.18000 | 82,422 | |||||||||||
0.18000 | 82,062 | |||||||||||
0.18000 | 80,796 | |||||||||||
Total Common Dividend | $ | 0.72000 | $ | 332,402 | ||||||||
2016 | ||||||||||||
Common
Stock | ||||||||||||
$ | 0.17500 | $ | 77,596 | |||||||||
0.17500 | 83,940 | |||||||||||
0.17500 | 84,604 | |||||||||||
0.18000 | 87,040 | |||||||||||
Total
Common Dividend | $ | 0.70500 | $ | 333,180 |
• | On November 25, 2015, Haggen and Spirit restructured the master lease in an initial settlement agreement
with approved claims of $21.0 million. |
• | On April 1, 2016, Spirit entered into a second settlement agreement with both Haggen and Albertsons, LLC for $3.4 million and $3.0 million, respectively. |
• | As a result of the settlements, the leases for seven
locations were rejected and the leases for thirteen locations were assumed by the Debtors and assigned to the following tenants: five locations to Albertsons, LLC, five locations to Smart & Final, LLC, two locations to Gelson's Markets and one location to Safeway, Inc. |
• | As of December 31, 2017, the Company has sold ten of the properties for total proceeds of $110.3
million, including six of the original seven rejected locations, resulting in nine locations with leases in-place under substantially the same terms and rent (inclusive of the $3.0 million settlement related to rent reduction for an amended lease with Albertsons, LLC) and one location that remains vacant. |
Ground Leases | Office
and Equipment Leases | Total | |||||||||
2018 | $ | 1,630 | $ | 1,527 | $ | 3,157 | |||||
2019 | 1,646 | 1,532 | 3,178 | ||||||||
2020 | 1,649 | 1,529 | 3,178 | ||||||||
2021 | 1,655 | 1,532 | 3,187 | ||||||||
2022 | 1,578 | 1,547 | 3,125 | ||||||||
Thereafter | 21,543 | 6,474 | 28,017 | ||||||||
Total | $ | 29,701 | $ | 14,141 | $ | 43,842 |
• | Level
1 – Valuation is based upon quoted prices in active markets for identical assets or liabilities. |
• | Level 2 – Valuation is based upon inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. |
• | Level 3 – Inputs that are unobservable and significant to the
overall fair value measurement of the assets or liabilities. These types of inputs include the Company's own assumptions. |
Fair Value Hierarchy Level | ||||||||||||||||
Description | Fair Value | Level 1 | Level 2 | Level
3 | ||||||||||||
Retail | 21,598 | 21,598 | ||||||||||||||
Industrial | 750 | 750 | ||||||||||||||
Office | 5,964 | 5,964 | ||||||||||||||
Long-lived
assets held and used | $ | 28,312 | $ | — | $ | — | $ | 28,312 | ||||||||
Long-lived
assets held for sale | 42,142 | — | — | 42,142 | ||||||||||||
Retail | 33,766 | — | — | 33,766 | ||||||||||||
Industrial | 2,394 | — | — | 2,394 | ||||||||||||
Office | 8,538 | — | — | 8,538 | ||||||||||||
Long-lived
assets held and used | $ | 44,698 | $ | — | $ | — | $ | 44,698 | ||||||||
Lease
intangible assets | 6,384 | — | — | 6,384 | ||||||||||||
Other assets | 27 | — | — | 27 | ||||||||||||
Long-lived
assets held for sale | 24,493 | — | — | 24,493 | ||||||||||||
Description | Range | Weighted Average | Square Footage | Range | Weighted
Average | Square Footage | ||||||||||||
Long-lived assets held and used by asset type | ||||||||||||||||||
Retail | $13.66 - $305.05 | $ | 55.68 | 364,940 | $17.17
- $502.23 | $ | 58.78 | 290,770 | ||||||||||
Industrial | $3.30 - $8.56 | 5.35 | 370,824 | $26.43 | $ | 26.43 | 104,864 | |||||||||||
Office | $24.82
- $244.86 | $ | 40.14 | 161,346 | $35.00 | $ | 35.00 | 135,675 |
Description | Range | Weighted Average | Square Footage | Range | Weighted
Average | Square Footage | ||||||||||||
Long-lived assets held and used by asset type | ||||||||||||||||||
Retail | $88.89 - $88.89 | $ | 88.89 | 22,500 | $15.40
- $170.02 | $ | 40.80 | 516,916 | ||||||||||
Industrial | — | $ | — | — | $9.09 | $ | 9.09 | 149,627 | ||||||||||
Office | — | $ | — | — | $56.81 | $ | 56.81 | 34,992 |
Description | Range | Weighted Average | Square Footage | Range | Weighted
Average | Square Footage | ||||||||||||
Long-lived assets held for sale by asset type | ||||||||||||||||||
Retail | $55.30 - $346.23 | $ | 230.52 | 150,376 | $19.66
- $393.02 | $ | 95.11 | 265,610 | ||||||||||
Industrial | $24.02 - $54.21 | $ | 37.09 | 223,747 |
Carrying Value | Estimated Fair Value | Carrying Value | Estimated Fair Value | ||||||||||||
Loans
receivable, net | $ | 79,967 | $ | 82,886 | $ | 66,578 | $ | 71,895 | |||||||
Revolving
Credit Facility, net | 112,000 | 111,997 | 86,000 | 87,718 | |||||||||||
Term Loan, net (2) | — | — | 418,471 | 428,441 | |||||||||||
Senior
Unsecured Notes (1) | 295,321 | 299,049 | 295,112 | 283,473 | |||||||||||
Convertible Notes, net (1) | 715,881 | 761,440 | 702,642 | 784,175 | |||||||||||
Mortgages
and notes payable, net (1) | 2,516,478 | 2,657,599 | 2,162,403 | 2,282,142 |
Years Ended December 31, | |||||||||||
2017 | 2016 | 2015 | |||||||||
Revenues: | |||||||||||
Rentals | $ | — | $ | — | $ | 447 | |||||
Other
income | — | — | 17 | ||||||||
Total revenues | — | — | 464 | ||||||||
Expenses: | |||||||||||
General
and administrative | — | — | 4 | ||||||||
Property costs (including reimbursable) | — | — | 328 | ||||||||
Impairments | — | — | 34 | ||||||||
Total
expenses | — | — | 366 | ||||||||
Income from discontinued operations | — | — | 98 | ||||||||
Gain
on disposition of assets | — | — | 590 | ||||||||
Total discontinued operations | $ | — | $ | — | $ | 688 |
Years Ended December 31, | ||||||||||||
2017 | 2016 | 2015 | ||||||||||
Supplemental
Disclosures of Non-Cash Investing and Financing Activities: | ||||||||||||
Reduction and assumption of debt through sale of certain real estate properties | $ | 39,141 | $ | 7,208 | $ | 30,555 | ||||||
Financing
provided in connection with disposition of assets | 24,015 | — | — | |||||||||
Net real estate and other collateral assets surrendered to lender | 38,547 | 30,381 | 7,384 | |||||||||
Reduction
of debt in exchange for collateral assets | — | 47,025 | 7,904 | |||||||||
Real estate acquired in exchange for loans receivable | — | 26,609 | — | |||||||||
Reclass
of residual value on expired deferred financing lease to operating asset | 11,088 | — | — | |||||||||
Accrued interest capitalized to principal (1) | 3,839 | 4,332 | 6,035 | |||||||||
Accrued
performance share dividend rights | 817 | 489 | 564 | |||||||||
Distributions declared and unpaid | 80,792 | 87,055 | 76,940 | |||||||||
Supplemental
Cash Flow Disclosures: | ||||||||||||
Interest paid | $ | 163,623 | $ | 182,105 | $ | 206,115 | ||||||
Taxes
paid, net of refunds | 911 | 914 | 1,919 |
2017 | 2016 | 2015 | ||||||||||||||||||
Number
of Shares | Weighted Average Price (1) (per share) | Number of Shares | Weighted Average Price (1) (per share) | Number of Shares | Weighted
Average Price (1) (per share) | |||||||||||||||
Outstanding non-vested shares, beginning of year | 1,034,615 | $ | 12.55 | 771,003 | $ | 11.29 | 1,299,807 | $ | 9.12 | |||||||||||
Shares
granted | 1,103,563 | 9.23 | 948,793 | 12.58 | 495,688 | 11.87 | ||||||||||||||
Shares
vested | (657,671 | ) | 11.30 | (562,581 | ) | 11.10 | (1,005,088 | ) | 8.77 | |||||||||||
Shares
forfeited | (45,804 | ) | 11.66 | (122,600 | ) | 11.56 | (19,404 | ) | 11.53 | |||||||||||
Outstanding
non-vested shares, end of year | 1,434,703 | $ | 10.60 | 1,034,615 | $ | 12.55 | 771,003 | $ | 11.29 |
2017 | 2016 | 2015 | ||||||||||||||||||
Number
of Target Shares | Weighted Average Fair Value (per share) | Number of Target Shares | Weighted Average Fair Value (per share) | Number of Target Shares | Weighted Average Fair Value (per share) | |||||||||||||||
Outstanding non-vested
awards, beginning of year | 494,300 | $ | 15.56 | 472,725 | $ | 14.28 | 610,797 | $ | 13.49 | |||||||||||
Grants
at target (1) | 858,226 | 11.88 | 400,800 | 16.06 | 279,199 | 14.78 | ||||||||||||||
Earned
(below) above performance target (2) | — | — | (42,640 | ) | 13.56 | 387,027 | 13.45 | |||||||||||||
Vested
(3) | (466,667 | ) | 14.48 | (215,438 | ) | 14.36 | (804,298 | ) | 13.46 | |||||||||||
Forfeited | (42,373 | ) | $ | 14.78 | (121,147 | ) | $ | 15.05 | — | $ | — | |||||||||
Outstanding
non-vested awards, end of year | 843,486 | $ | 12.45 | 494,300 | $ | 15.56 | 472,725 | $ | 14.28 |
Years Ended December 31, | |||||||||||
2017 | 2016 | 2015 | |||||||||
Basic
and diluted income: | |||||||||||
Net Income from continuing operations | $ | 12,042 | $ | 45,081 | $ | 24,103 | |||||
Gain
on disposition of assets | 65,106 | 52,365 | 68,421 | ||||||||
Less: income attributable to unvested restricted stock | (940 | ) | (614 | ) | (696 | ) | |||||
Less:
dividends paid to preferred stockholders | (2,530 | ) | — | — | |||||||
Income used in basic and diluted income per common share from continuing operations | 73,678 | 96,832 | 91,828 | ||||||||
Income
from discontinued operations | — | — | 688 | ||||||||
Net income attributable to common stockholders used in basic and diluted income per share | $ | 73,678 | $ | 96,832 | $ | 92,516 | |||||
Basic
weighted average shares of common stock outstanding: | |||||||||||
Weighted average shares of common stock outstanding | 469,212,533 | 470,023,674 | 433,361,726 | ||||||||
Less:
unvested weighted average shares of restricted stock | (1,277,588 | ) | (805,898 | ) | (1,138,773 | ) | |||||
Weighted average number of common shares outstanding used in basic income per share | 467,934,945 | 469,217,776 | 432,222,953 | ||||||||
Net
income per share attributable to common stockholders-basic | $ | 0.16 | $ | 0.21 | $ | 0.21 | |||||
Diluted
weighted average shares of common stock (1) | |||||||||||
Stock options | — | 3,835 | 3,384 | ||||||||
Unvested
performance shares | 7,843 | 24,654 | 319,288 | ||||||||
Weighted average number of shares of common stock used in diluted income per share | 467,942,788 | 469,246,265 | 432,545,625 | ||||||||
Net
income per share attributable to common stockholders-diluted | $ | 0.16 | $ | 0.21 | $ | 0.21 | |||||
Potentially
dilutive shares of common stock | |||||||||||
Unvested shares of restricted stock | 65,480 | 119,633 | 339,541 | ||||||||
Unvested
performance shares | — | — | — | ||||||||
Stock options | — | — | — | ||||||||
Total | 65,480 | 119,633 | 339,541 |
First | Second | Third | Fourth | ||||||||||||||||
Quarter | Quarter | Quarter | Quarter | Year | |||||||||||||||
2017 | (Unaudited) | ||||||||||||||||||
Total
revenues | $ | 165,422 | $ | 168,635 | $ | 169,550 | $ | 165,348 | $ | 668,955 | |||||||||
Depreciation
and amortization | 64,994 | 64,220 | 63,673 | 63,132 | 256,019 | ||||||||||||||
Interest
| 46,623 | 46,826 | 48,680 | 47,998 | 190,127 | ||||||||||||||
Other
expenses | 57,163 | 49,664 | 62,374 | 39,921 | 209,122 | ||||||||||||||
(Loss)
gain on debt extinguishment | (30 | ) | 8 | 1,792 | (3,415 | ) | (1,645 | ) | |||||||||||
Income
(loss) from continuing operations | (3,388 | ) | 7,933 | (3,385 | ) | 10,882 | 12,042 | ||||||||||||
Gain
on disposition of assets | 16,217 | 15,273 | 8,707 | 24,909 | 65,106 | ||||||||||||||
Dividends
paid to preferred stockholders | — | — | — | 2,530 | 2,530 | ||||||||||||||
Net
income attributable to common stockholders and partners | 12,829 | 23,206 | 5,322 | 33,261 | 74,618 | ||||||||||||||
Net
income per share attributable to common stockholders and partners: | |||||||||||||||||||
Basic | $ | 0.03 | $ | 0.05 | $ | 0.01 | $ | 0.07 | $ | 0.16 | |||||||||
Diluted | $ | 0.03 | $ | 0.05 | $ | 0.01 | $ | 0.07 | $ | 0.16 | |||||||||
Dividends
declared per common share and partnership unit | $ | 0.18000 | $ | 0.18000 | $ | 0.18000 | $ | 0.18000 | $ | 0.72000 | |||||||||
First | Second | Third | Fourth | ||||||||||||||||
Quarter | Quarter | Quarter | Quarter | Year | |||||||||||||||
2016 | (Unaudited) | ||||||||||||||||||
Total
revenues | $ | 168,357 | $ | 171,726 | $ | 172,508 | $ | 173,383 | $ | 685,974 | |||||||||
Depreciation
and amortization | 64,664 | 64,263 | 65,300 | 68,049 | 262,276 | ||||||||||||||
Interest
| 53,017 | 49,172 | 47,653 | 46,744 | 196,586 | ||||||||||||||
Other
expenses | 32,381 | 37,463 | 41,767 | 70,653 | 182,264 | ||||||||||||||
(Loss)
gain on debt extinguishment | (5,341 | ) | 14,016 | (8,349 | ) | (93 | ) | 233 | |||||||||||
Income
(loss) from continuing operations | 12,954 | 34,844 | 9,439 | (12,156 | ) | 45,081 | |||||||||||||
Gain
on disposition of assets | 10,146 | 11,115 | 17,960 | 13,144 | 52,365 | ||||||||||||||
Net
income attributable to common stockholders and partners | 23,100 | 45,959 | 27,399 | 988 | 97,446 | ||||||||||||||
Net
income per share attributable to common stockholders and partners: | |||||||||||||||||||
Basic | $ | 0.05 | $ | 0.10 | $ | 0.06 | $ | — | $ | 0.21 | |||||||||
Diluted | $ | 0.05 | $ | 0.10 | $ | 0.06 | $ | — | $ | 0.21 | |||||||||
Dividends
declared per common share and partnership unit | $ | 0.17500 | $ | 0.17500 | $ | 0.17500 | $ | 0.18000 | $ | 0.70500 |
Exhibit No. | Description |
1.1 | |
2.1 | |
2.2 | |
3.1 | |
3.2 | |
3.3 | |
3.4 | |
3.5 | |
3.6 | |
4.1 | |
4.2 | |
4.3 | |
4.4 | |
4.5 | |
4.6 | |
Exhibit No. | Description |
4.7 | |
4.8 | |
4.9 | |
4.10 | |
4.11 | |
4.12 | |
4.13 | |
4.14 | |
4.15 | |
4.16 | |
4.17 | |
4.18* | |
4.19* | |
4.20* | |
4.21* | |
Exhibit No. | Description |
10.1 | |
10.2 | |
10.3 | |
10.4 | |
10.5 | |
10.6 | |
10.7 | |
10.8 | |
10.9 | |
10.10 | |
10.11 | |
10.12 | |
10.13 | |
10.14 | |
10.15 | |
Exhibit No. | Description |
10.16 | |
10.17 | |
10.18 | |
10.19 | |
10.20 | |
10.21 | |
10.22 | |
10.23 | |
10.24 | |
10.25 | |
10.26 | |
10.27 | |
10.28 | |
10.29 | |
10.30 | |
Exhibit No. | Description |
10.31 | |
10.32 | |
10.33 | |
10.34 | |
10.35 | |
10.36 | |
10.37 | |
10.38 | |
10.39 | |
10.40 | |
10.41* | |
12.1* | |
14.1 | |
16.1 | |
21.1* | |
23.1* | |
23.2* | |
31.1* | |
Exhibit No. | Description |
31.2* | |
31.3* | |
31.4* | |
32.1* | |
32.2* | |
101.1** | The following financial information from Spirit Realty Capital, Inc.'s Annual Report on Form 10-K for the year ended December 31, 2017, formatted in XBRL (Extensible Business Reporting Language): (i) Consolidated Balance Sheets, (ii) Consolidated Statements of Operations, (iii) Consolidated Statements of Comprehensive Income (loss), (iv) Consolidated Statements of Stockholders' Equity, (v) Consolidated Statements of Cash Flows and (vi) Notes to the Consolidated
Financial Statements. |
* |
** | Pursuant to applicable securities laws and regulations, these interactive data files are deemed not filed or part of a registration statement or prospectus for purposes of sections 11 or 12 of the Securities Act, are deemed not filed for purposes of section 18 of the Exchange Act and otherwise are not subject to liability under these sections. |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
10
Box | Rogers, AR | (a) | 1,028 | 1,685 | — | — | 1,028 | 1,685 | 2,713 | (351 | ) | 1994 | 03/31/14 | 6
to 20 Years | |||||||||||||||||||
24 Hour Fitness | Aurora, CO | (d) | 1,452 | 4,413 | — | — | 1,452 | 4,413 | 5,865 | (726 | ) | 1995 | 07/17/13 | 11
to 30 Years | |||||||||||||||||||
24 Hour Fitness | Lancaster, CA | (d) | 6,982 | 9,255 | — | — | 6,982 | 9,255 | 16,237 | (1,118 | ) | 1987 | 05/07/15 | 9
to 30 Years | |||||||||||||||||||
3rd Realm Extreme Air Sports | Little Rock, AR | (d) | 1,489 | 3,888 | — | — | 1,489 | 3,888 | 5,377 | (30 | ) | 2017 | 09/29/17 | 15
to 40 Years | |||||||||||||||||||
Aaron's | Essex, MD | (b) | 294 | 1,973 | — | — | 294 | 1,973 | 2,267 | (222 | ) | 1998 | 07/17/13 | 10
to 45 Years | |||||||||||||||||||
Aaron's | Charlotte, NC | (b) | 371 | 598 | — | — | 371 | 598 | 969 | (158 | ) | 1957 | 07/17/13 | 8
to 25 Years | |||||||||||||||||||
Aaron's | Anderson, SC | (b) | 351 | 966 | — | — | 351 | 966 | 1,317 | (140 | ) | 1992 | 07/17/13 | 10
to 41 Years | |||||||||||||||||||
Aaron's | Hartsville, SC | (b) | 536 | 813 | — | — | 536 | 813 | 1,349 | (207 | ) | 2007 | 07/17/13 | 10
to 37 Years | |||||||||||||||||||
Aaron's | Griffin, GA | (b) | 459 | 1,322 | — | — | 459 | 1,322 | 1,781 | (183 | ) | 2007 | 07/17/13 | 10
to 49 Years | |||||||||||||||||||
Aaron's | Sandersville, GA | (b) | 503 | 751 | — | — | 503 | 751 | 1,254 | (137 | ) | 2006 | 07/17/13 | 10
to 45 Years | |||||||||||||||||||
Aaron's | Grovetown, GA | (b) | 425 | 933 | — | — | 425 | 933 | 1,358 | (149 | ) | 2007 | 07/17/13 | 10
to 45 Years | |||||||||||||||||||
Aaron's | Largo, FL | (b) | 758 | 1,025 | — | — | 758 | 1,025 | 1,783 | (162 | ) | 1999 | 07/17/13 | 9
to 36 Years | |||||||||||||||||||
Aaron's | Okeechobee, FL | (b) | 409 | 1,298 | — | — | 409 | 1,298 | 1,707 | (174 | ) | 2006 | 07/17/13 | 10
to 47 Years | |||||||||||||||||||
Aaron's | Chiefland, FL | (b) | 376 | 1,206 | — | — | 376 | 1,206 | 1,582 | (182 | ) | 2007 | 07/17/13 | 10
to 47 Years | |||||||||||||||||||
Aaron's | Clanton, AL | (b) | 350 | 816 | — | — | 350 | 816 | 1,166 | (127 | ) | 2007 | 07/17/13 | 10
to 46 Years | |||||||||||||||||||
Aaron's | Forrest City, AR | (b) | 331 | 860 | — | — | 331 | 860 | 1,191 | (123 | ) | 2002 | 07/17/13 | 10
to 45 Years | |||||||||||||||||||
Aaron's | Baton Rouge, LA | (b) | 328 | 996 | — | — | 328 | 996 | 1,324 | (164 | ) | 1999 | 07/17/13 | 10
to 40 Years | |||||||||||||||||||
Aaron's | Shreveport, LA | (b) | 374 | 490 | — | — | 374 | 490 | 864 | (160 | ) | 2001 | 07/17/13 | 10
to 31 Years | |||||||||||||||||||
Aaron's | Beeville, TX | (b) | 101 | 1,814 | — | — | 101 | 1,814 | 1,915 | (197 | ) | 2004 | 07/17/13 | 10
to 45 Years | |||||||||||||||||||
Aaron's | Mansfield, TX | (b) | 859 | 599 | — | — | 859 | 599 | 1,458 | (138 | ) | 2007 | 07/17/13 | 10
to 34 Years | |||||||||||||||||||
Aaron's | Navasota, TX | (b) | 322 | 868 | — | — | 322 | 868 | 1,190 | (146 | ) | 2007 | 07/17/13 | 10
to 44 Years | |||||||||||||||||||
Aaron's | Wilton, NY | (b) | 1,348 | 2,165 | — | — | 1,348 | 2,165 | 3,513 | (685 | ) | 2000 | 07/17/13 | 8
to 27 Years | |||||||||||||||||||
Aaron's | Rome, NY | (b) | 436 | 699 | — | — | 436 | 699 | 1,135 | (164 | ) | 1996 | 07/17/13 | 10
to 28 Years | |||||||||||||||||||
Aaron's | Rensselaer, NY | (b) | 705 | 657 | — | — | 705 | 657 | 1,362 | (418 | ) | 1971 | 07/17/13 | 3
to 13 Years | |||||||||||||||||||
Aaron's | Calumet City, IL | (b) | 393 | 949 | — | — | 393 | 949 | 1,342 | (176 | ) | 1977 | 07/17/13 | 9
to 32 Years | |||||||||||||||||||
Aaron's | Alamogordo, NM | (b) | 476 | 560 | — | — | 476 | 560 | 1,036 | (143 | ) | 2006 | 07/17/13 | 8
to 40 Years | |||||||||||||||||||
Aaron's | Mineral Wells, TX | (b) | 448 | 878 | — | — | 448 | 878 | 1,326 | (148 | ) | 2008 | 07/17/13 | 10
to 42 Years | |||||||||||||||||||
Aaron's | Sweetwater, TX | (b) | 415 | 1,097 | — | — | 415 | 1,097 | 1,512 | (165 | ) | 2006 | 07/17/13 | 10
to 47 Years | |||||||||||||||||||
Aaron's | Harrisonville, MO | (b) | 316 | 466 | — | — | 316 | 466 | 782 | (130 | ) | 1996 | 07/17/13 | 8
to 33 Years | |||||||||||||||||||
Aaron's | Wichita, KS | (b) | 236 | 741 | — | — | 236 | 741 | 977 | (105 | ) | 1990 | 07/17/13 | 10
to 42 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Above
All Extreme Air Sports | Brentwood, TN | (d) | 2,292 | 2,273 | — | 2 | 2,292 | 2,275 | 4,567 | (339 | ) | 1970 | 09/30/15 | 9
to 20 Years | |||||||||||||||||||
ABRA | Suwanee, GA | (a) | 480 | 1,350 | — | — | 480 | 1,350 | 1,830 | (239 | ) | 1986 | 10/21/13 | 13
to 30 Years | |||||||||||||||||||
Academy Sports | Macon, GA | (d) | 1,921 | 4,890 | — | — | 1,921 | 4,890 | 6,811 | (1,027 | ) | 2005 | 07/17/13 | 10
to 30 Years | |||||||||||||||||||
Academy Sports | Katy, TX | (d) | 13,144 | 96,194 | — | — | 13,144 | 96,194 | 109,338 | (14,219 | ) | 1976 | 07/17/13 | 8
to 34 Years | |||||||||||||||||||
Academy Sports | North Richland Hills, TX | (d) | 1,950 | 5,451 | — | — | 1,950 | 5,451 | 7,401 | (288 | ) | 1996 | 07/17/13 | 30
to 30 Years | |||||||||||||||||||
Academy Sports | Lufkin, TX | (c) | 1,922 | 2,735 | — | — | 1,922 | 2,735 | 4,657 | (623 | ) | 2003 | 07/17/13 | 9
to 30 Years | |||||||||||||||||||
Academy Sports | Greenville, TX | (a) | 2,229 | 5,182 | — | 37 | 2,229 | 5,219 | 7,448 | (232 | ) | 2016 | 12/07/16 | 14
to 40 Years | |||||||||||||||||||
Accel International | Meridian, CT | (d) | 1,766 | 7,848 | — | — | 1,766 | 7,848 | 9,614 | (955 | ) | 1997 | 12/17/14 | 15
to 30 Years | |||||||||||||||||||
Accel International | Avila, IN | (d) | 642 | 4,958 | — | — | 642 | 4,958 | 5,600 | (570 | ) | 1990 | 12/17/14 | 15
to 30 Years | |||||||||||||||||||
Adult & Pediatric Orthopedics | Vernon Hills, IL | (a) | 992 | 5,020 | — | — | 992 | 5,020 | 6,012 | (702 | ) | 1991 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Advance Auto Parts | Columbia Heights, MN | (d) | 510 | 1,314 | — | — | 510 | 1,314 | 1,824 | (186 | ) | 2006 | 07/17/13 | 7
to 43 Years | |||||||||||||||||||
Advance Auto Parts | Duluth, MN | (d) | 207 | 1,462 | — | — | 207 | 1,462 | 1,669 | (168 | ) | 2006 | 07/17/13 | 7
to 48 Years | |||||||||||||||||||
Advance Auto Parts | Grand Forks, ND | (d) | 287 | 1,132 | — | — | 287 | 1,132 | 1,419 | (183 | ) | 2005 | 07/17/13 | 7
to 45 Years | |||||||||||||||||||
Advance Auto Parts | Fergus Falls, MN | (d) | 294 | 978 | — | — | 294 | 978 | 1,272 | (141 | ) | 2005 | 07/17/13 | 7
to 47 Years | |||||||||||||||||||
Advance Auto Parts | Holland Charter Township, MI | (d) | 493 | 1,212 | — | — | 493 | 1,212 | 1,705 | (159 | ) | 2005 | 07/17/13 | 7
to 47 Years | |||||||||||||||||||
Advance Auto Parts | Holland, MI | (d) | 542 | 1,384 | — | — | 542 | 1,384 | 1,926 | (190 | ) | 2005 | 07/17/13 | 7
to 47 Years | |||||||||||||||||||
Advance Auto Parts | Zeeland, MI | (d) | 490 | 1,136 | — | — | 490 | 1,136 | 1,626 | (162 | ) | 2005 | 07/17/13 | 7
to 47 Years | |||||||||||||||||||
Advance Auto Parts | Rainsville, AL | (b) | 251 | 1,073 | — | — | 251 | 1,073 | 1,324 | (172 | ) | 2005 | 07/17/13 | 7
to 42 Years | |||||||||||||||||||
Advance Auto Parts | Grand Bay, AL | (b) | 226 | 1,242 | — | — | 226 | 1,242 | 1,468 | (162 | ) | 2005 | 07/17/13 | 7
to 47 Years | |||||||||||||||||||
Advance Auto Parts | Hurley, MS | (b) | 265 | 1,052 | — | — | 265 | 1,052 | 1,317 | (162 | ) | 2006 | 07/17/13 | 7
to 45 Years | |||||||||||||||||||
Advance Auto Parts | Ashland, KY | (b) | 613 | 1,284 | — | — | 613 | 1,284 | 1,897 | (194 | ) | 2006 | 07/17/13 | 8
to 48 Years | |||||||||||||||||||
Advance Auto Parts | Jackson, OH | (b) | 397 | 1,251 | — | — | 397 | 1,251 | 1,648 | (180 | ) | 2005 | 07/17/13 | 7
to 47 Years | |||||||||||||||||||
Advance Auto Parts | New Boston, OH | (b) | 345 | 1,538 | — | — | 345 | 1,538 | 1,883 | (191 | ) | 2005 | 07/17/13 | 7
to 47 Years | |||||||||||||||||||
Advance Auto Parts | Maryland Heights, MO | (b) | 522 | 1,155 | — | — | 522 | 1,155 | 1,677 | (171 | ) | 2005 | 07/17/13 | 7
to 47 Years | |||||||||||||||||||
Advance Auto Parts | Scottsburg, IN | (b) | 238 | 665 | — | — | 238 | 665 | 903 | (107 | ) | 2006 | 07/17/13 | 8
to 43 Years | |||||||||||||||||||
Advance Auto Parts | Charlotte, NC | (b) | 403 | 1,146 | — | — | 403 | 1,146 | 1,549 | (195 | ) | 2008 | 07/17/13 | 12
to 43 Years | |||||||||||||||||||
Advance Auto Parts | Irvington, NJ | (b) | 1,605 | 1,912 | — | — | 1,605 | 1,912 | 3,517 | (277 | ) | 2006 | 07/17/13 | 7
to 47 Years | |||||||||||||||||||
Advance Auto Parts | Midwest City, OK | (b) | 353 | 815 | — | — | 353 | 815 | 1,168 | (139 | ) | 2007 | 07/17/13 | 9
to 44 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Advance
Auto Parts | Penns Grove, NJ | (b) | 612 | 1,564 | — | — | 612 | 1,564 | 2,176 | (215 | ) | 2006 | 07/17/13 | 8
to 47 Years | |||||||||||||||||||
Advance Auto Parts | St. Francis, WI | (b) | 532 | 1,557 | — | — | 532 | 1,557 | 2,089 | (235 | ) | 2006 | 07/17/13 | 8
to 48 Years | |||||||||||||||||||
Advance Auto Parts | Willingboro, NJ | (b) | 784 | 1,369 | — | — | 784 | 1,369 | 2,153 | (231 | ) | 2007 | 07/17/13 | 9
to 47 Years | |||||||||||||||||||
Advance Auto Parts | Dunellen, NJ | (b) | 1,177 | 1,973 | — | — | 1,177 | 1,973 | 3,150 | (243 | ) | 2008 | 07/17/13 | 10
to 48 Years | |||||||||||||||||||
Advance Auto Parts | Greenfield, IN | (a) | 458 | 996 | — | — | 458 | 996 | 1,454 | (146 | ) | 2003 | 07/17/13 | 7
to 47 Years | |||||||||||||||||||
Advance Auto Parts | Trenton, OH | (a) | 324 | 842 | — | — | 324 | 842 | 1,166 | (134 | ) | 2003 | 07/17/13 | 7
to 47 Years | |||||||||||||||||||
Advance Auto Parts | Atmore, AL | (d) | 417 | 444 | — | — | 417 | 444 | 861 | (38 | ) | 1995 | 07/22/16 | 7
to 30 Years | |||||||||||||||||||
Advance Auto Parts | Theodore, AL | (d) | 549 | 755 | — | — | 549 | 755 | 1,304 | (46 | ) | 1996 | 07/22/16 | 7
to 40 Years | |||||||||||||||||||
Advance Auto Parts | Hialeah, FL | (d) | 682 | 1,054 | — | — | 682 | 1,054 | 1,736 | (58 | ) | 1998 | 07/22/16 | 7
to 40 Years | |||||||||||||||||||
Advance Auto Parts | New Smyrna Beach, FL | (d) | 774 | 818 | — | — | 774 | 818 | 1,592 | (46 | ) | 1999 | 07/22/16 | 7
to 40 Years | |||||||||||||||||||
Advance Auto Parts | Margate, FL | (d) | 480 | 507 | — | — | 480 | 507 | 987 | (32 | ) | 1991 | 07/22/16 | 7
to 40 Years | |||||||||||||||||||
Advance Auto Parts | Fort Lauderdale, FL | (d) | 772 | 1,005 | — | — | 772 | 1,005 | 1,777 | (60 | ) | 1996 | 07/22/16 | 7
to 40 Years | |||||||||||||||||||
Advance Auto Parts | Tampa, FL | (d) | 721 | 1,055 | — | — | 721 | 1,055 | 1,776 | (56 | ) | 1997 | 07/22/16 | 7
to 40 Years | |||||||||||||||||||
Advance Auto Parts | Gibsonton, FL | (d) | 526 | 448 | — | — | 526 | 448 | 974 | (45 | ) | 1999 | 07/22/16 | 7
to 30 Years | |||||||||||||||||||
Advance Auto Parts | Dayton, OH | (d) | 317 | 572 | — | — | 317 | 572 | 889 | (38 | ) | 1998 | 07/22/16 | 7
to 30 Years | |||||||||||||||||||
Advance Auto Parts | Castle Shannon, PA | (d) | 620 | 732 | — | — | 620 | 732 | 1,352 | (54 | ) | 1998 | 07/22/16 | 7
to 30 Years | |||||||||||||||||||
Advance Auto Parts | Burlington, IA | (d) | 467 | 737 | — | — | 467 | 737 | 1,204 | (39 | ) | 1989 | 07/22/16 | 7
to 40 Years | |||||||||||||||||||
Advance Auto Parts | Camilla, GA | (d) | 419 | 412 | — | — | 419 | 412 | 831 | (32 | ) | 1995 | 07/22/16 | 7
to 30 Years | |||||||||||||||||||
Advance Auto Parts | Savannah, GA | (d) | 688 | 492 | — | — | 688 | 492 | 1,180 | (39 | ) | 1995 | 07/22/16 | 7
to 40 Years | |||||||||||||||||||
Advance Auto Parts | Columbus, GA | (d) | 628 | 769 | — | — | 628 | 769 | 1,397 | (48 | ) | 1998 | 07/22/16 | 7
to 40 Years | |||||||||||||||||||
Advance Auto Parts | Waynesboro, GA | (d) | 330 | 1,015 | — | — | 330 | 1,015 | 1,345 | (48 | ) | 1995 | 07/22/16 | 7
to 50 Years | |||||||||||||||||||
Advance Auto Parts | Blakeley, GA | (d) | 169 | 887 | — | — | 169 | 887 | 1,056 | (39 | ) | 1995 | 07/22/16 | 7
to 50 Years | |||||||||||||||||||
Advance Auto Parts | Richmond Hill, GA | (d) | 418 | 701 | — | — | 418 | 701 | 1,119 | (48 | ) | 1995 | 07/22/16 | 7
to 30 Years | |||||||||||||||||||
Advance Auto Parts | Augusta, GA | (d) | 482 | 750 | — | — | 482 | 750 | 1,232 | (46 | ) | 1998 | 07/22/16 | 7
to 40 Years | |||||||||||||||||||
Advance Auto Parts | Kingsland, GA | (d) | 1,037 | 997 | — | — | 1,037 | 997 | 2,034 | (53 | ) | 1998 | 07/22/16 | 7
to 40 Years | |||||||||||||||||||
Advance Auto Parts | Griffin, GA | (d) | 441 | 1,142 | — | — | 441 | 1,142 | 1,583 | (55 | ) | 1998 | 07/22/16 | 7
to 50 Years | |||||||||||||||||||
Advance Auto Parts | College Park, GA | (d) | 386 | 506 | — | — | 386 | 506 | 892 | (41 | ) | 1998 | 07/22/16 | 7
to 30 Years | |||||||||||||||||||
Advance Auto Parts | Leesburg, GA | (d) | 435 | 494 | — | — | 435 | 494 | 929 | (51 | ) | 1999 | 07/22/16 | 7
to 30 Years | |||||||||||||||||||
Advance Auto Parts | Covington, LA | (d) | 507 | 426 | — | — | 507 | 426 | 933 | (38 | ) | 1998 | 07/22/16 | 7
to 30 Years | |||||||||||||||||||
Advance Auto Parts | Alton, IL | (d) | 346 | 553 | — | — | 346 | 553 | 899 | (42 | ) | 1997 | 07/22/16 | 7
to 30 Years | |||||||||||||||||||
Advance Auto Parts | St. Louis, MO | (d) | 607 | 505 | — | — | 607 | 505 | 1,112 | (42 | ) | 1997 | 07/22/16 | 7
to 30 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Advance
Auto Parts | Hattiesburg, MS | (d) | 452 | 821 | — | — | 452 | 821 | 1,273 | (39 | ) | 1997 | 07/22/16 | 7
to 40 Years | |||||||||||||||||||
Advance Auto Parts | Clinton, MS | (d) | 569 | 693 | — | — | 569 | 693 | 1,262 | (49 | ) | 1998 | 07/22/16 | 7
to 30 Years | |||||||||||||||||||
Advance Auto Parts | Jackson, MS | (d) | 396 | 423 | — | — | 396 | 423 | 819 | (30 | ) | 1998 | 07/22/16 | 7
to 30 Years | |||||||||||||||||||
Advance Auto Parts | Natchez, MS | (d) | 509 | 754 | — | — | 509 | 754 | 1,263 | (39 | ) | 1998 | 07/22/16 | 7
to 40 Years | |||||||||||||||||||
Advance Auto Parts | Newton, MS | (d) | 336 | 443 | — | — | 336 | 443 | 779 | (32 | ) | 1998 | 07/22/16 | 7
to 30 Years | |||||||||||||||||||
Advance Auto Parts | Wiggins, MS | (d) | 279 | 630 | — | — | 279 | 630 | 909 | (41 | ) | 1965 | 07/22/16 | 7
to 30 Years | |||||||||||||||||||
Advance Auto Parts | Denmark, SC | (d) | 439 | 504 | — | — | 439 | 504 | 943 | (40 | ) | 1996 | 07/22/16 | 7
to 30 Years | |||||||||||||||||||
Affordable Care, Inc. | Lincoln, NE | (a) | 711 | 825 | — | — | 711 | 825 | 1,536 | (89 | ) | 2010 | 08/07/15 | 8
to 40 Years | |||||||||||||||||||
Affordable Care, Inc. | Bellevue, NE | (a) | 560 | 446 | — | — | 560 | 446 | 1,006 | (60 | ) | 2008 | 08/07/15 | 5
to 40 Years | |||||||||||||||||||
Aggregate Industries | Annapolis Junction, MD | (a) | 2,245 | 1,105 | (1,535 | ) | (547 | ) | 710 | 558 | 1,268 | (254 | ) | 1930 | 09/29/06 | 15
to 30 Years | |||||||||||||||||
Airstrike Extreme Air Sports | Augusta, GA | (d) | 1,081 | 1,488 | — | — | 1,081 | 1,488 | 2,569 | (288 | ) | 1998 | 09/30/15 | 10
to 20 Years |
Alabama Clinics | Dothan, AL | (d) | 695 | 1,707 | — | 20 | 695 | 1,727 | 2,422 | (242 | ) | 2012 | 12/21/16 | 1
to 40 Years | |||||||||||||||||||
Albertsons | Boise, ID | (d) | 1,470 | 2,280 | — | — | 1,470 | 2,280 | 3,750 | (573 | ) | 1982 | 12/17/13 | 4
to 20 Years | |||||||||||||||||||
Albertsons | Las Cruces, NM | (d) | 1,132 | 2,765 | — | — | 1,132 | 2,765 | 3,897 | (499 | ) | 1983 | 12/17/13 | 5
to 30 Years | |||||||||||||||||||
Albertsons | Midland, TX | (d) | 1,498 | 3,096 | — | — | 1,498 | 3,096 | 4,594 | (764 | ) | 1983 | 12/17/13 | 5
to 20 Years | |||||||||||||||||||
Albertsons | Lompoc, CA | (d) | 2,743 | 8,316 | — | — | 2,743 | 8,316 | 11,059 | (861 | ) | 1992 | 06/15/15 | 15
to 30 Years | |||||||||||||||||||
Albertsons | Tigard, OR | (d) | 5,515 | 4,279 | — | — | 5,515 | 4,279 | 9,794 | (482 | ) | 1998 | 04/01/15 | 15
to 30 Years | |||||||||||||||||||
Albertsons | Lake Oswego, OR | (d) | 4,257 | 5,891 | — | — | 4,257 | 5,891 | 10,148 | (470 | ) | 1965 | 03/18/15 | 15
to 40 Years | |||||||||||||||||||
Albertsons | Walla Walla, WA | (d) | 1,964 | 8,420 | — | — | 1,964 | 8,420 | 10,384 | (719 | ) | 1972 | 03/02/15 | 15
to 40 Years | |||||||||||||||||||
Aldi | Tupelo, MS | (b) | 1,131 | 1,176 | (372 | ) | (435 | ) | 759 | 741 | 1,500 | (48 | ) | 1995 | 07/17/13 | 4
to 12 Years | |||||||||||||||||
Allstate Insurance Company | Yuma, AZ | (c) | 2,583 | 5,221 | — | — | 2,583 | 5,221 | 7,804 | (1,019 | ) | 2007 | 07/17/13 | 4
to 46 Years | |||||||||||||||||||
AMC Theatres | Phoenix, AZ | (a) | 2,652 | 11,495 | — | — | 2,652 | 11,495 | 14,147 | (3,228 | ) | 1997 | 07/01/05 | 12
to 40 Years | |||||||||||||||||||
AMC Theatres | Yukon, OK | (c) | 1,082 | 3,538 | — | — | 1,082 | 3,538 | 4,620 | (669 | ) | 2007 | 07/17/13 | 8
to 33 Years | |||||||||||||||||||
AMC Theatres | Covina, CA | (d) | 5,566 | 26,922 | — | — | 5,566 | 26,922 | 32,488 | (7,571 | ) | 1997 | 06/23/04 | 13
to 40 Years | |||||||||||||||||||
AMC Theatres | Surprise, AZ | (a) | 2,918 | 7,122 | — | — | 2,918 | 7,122 | 10,040 | (567 | ) | 2008 | 11/10/15 | 13
to 40 Years | |||||||||||||||||||
AMC Theatres | South Bend, IN | (a) | 4,352 | 9,411 | — | 21 | 4,352 | 9,432 | 13,784 | (1,099 | ) | 1997 | 01/04/16 | 6
to 30 Years | |||||||||||||||||||
American Lubefast | Waycross, GA | (a) | 380 | 142 | — | — | 380 | 142 | 522 | (54 | ) | 1998 | 12/10/13 | 15
to 30 Years | |||||||||||||||||||
American Lubefast | Opelika, AL | (b) | 503 | 628 | — | — | 503 | 628 | 1,131 | (303 | ) | 1995 | 09/07/07 | 15
to 30 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
American
Lubefast | Montgomery, AL | (b) | 398 | 626 | — | — | 398 | 626 | 1,024 | (287 | ) | 1997 | 09/07/07 | 15
to 30 Years | |||||||||||||||||||
American Lubefast | Marianna, FL | (b) | 283 | 452 | — | — | 283 | 452 | 735 | (186 | ) | 1994 | 09/07/07 | 15
to 40 Years | |||||||||||||||||||
American Lubefast | Montgomery, AL | (b) | 241 | 628 | — | — | 241 | 628 | 869 | (263 | ) | 1997 | 09/07/07 | 15
to 30 Years | |||||||||||||||||||
American Lubefast | Auburn, AL | (b) | 676 | 647 | — | — | 676 | 647 | 1,323 | (324 | ) | 1995 | 09/07/07 | 15
to 30 Years | |||||||||||||||||||
American Lubefast | Montgomery, AL | (b) | 422 | 857 | — | — | 422 | 857 | 1,279 | (361 | ) | 1992 | 09/07/07 | 15
to 30 Years | |||||||||||||||||||
American Lubefast | Albany, GA | (b) | 242 | 572 | — | — | 242 | 572 | 814 | (188 | ) | 1982 | 09/07/07 | 15
to 40 Years | |||||||||||||||||||
American Lubefast | Dothan, AL | (b) | 162 | 659 | — | — | 162 | 659 | 821 | (268 | ) | 1996 | 09/07/07 | 15
to 30 Years | |||||||||||||||||||
American Lubefast | Montgomery, AL | (b) | 303 | 636 | — | — | 303 | 636 | 939 | (274 | ) | 1996 | 09/07/07 | 15
to 30 Years | |||||||||||||||||||
American Lubefast | Crestview, FL | (b) | 544 | 743 | — | — | 544 | 743 | 1,287 | (308 | ) | 1975 | 09/07/07 | 15
to 30 Years | |||||||||||||||||||
American Lubefast | Montgomery, AL | (b) | 275 | 528 | — | — | 275 | 528 | 803 | (245 | ) | 1988 | 09/07/07 | 15
to 30 Years | |||||||||||||||||||
American Lubefast | Moultrie, GA | (b) | 179 | 271 | — | — | 179 | 271 | 450 | (186 | ) | 1983 | 09/07/07 | 15
to 20 Years | |||||||||||||||||||
American Lubefast | Gulf Breeze, FL | (b) | 296 | 457 | — | — | 296 | 457 | 753 | (193 | ) | 1993 | 09/07/07 | 15
to 30 Years | |||||||||||||||||||
American Lubefast | Albany, GA | (b) | 281 | 575 | — | — | 281 | 575 | 856 | (272 | ) | 1997 | 09/07/07 | 15
to 30 Years | |||||||||||||||||||
American Lubefast | Pensacola, FL | (b) | 238 | 564 | — | — | 238 | 564 | 802 | (239 | ) | 1994 | 09/07/07 | 15
to 30 Years | |||||||||||||||||||
American Lubefast | Pensacola, FL | (b) | 104 | 333 | — | — | 104 | 333 | 437 | (151 | ) | 1968 | 09/07/07 | 15
to 30 Years | |||||||||||||||||||
American Lubefast | Niceville, FL | (b) | 458 | 454 | — | — | 458 | 454 | 912 | (167 | ) | 1996 | 09/07/07 | 15
to 40 Years | |||||||||||||||||||
American Lubefast | Milton, FL | (b) | 137 | 577 | — | — | 137 | 577 | 714 | (237 | ) | 1986 | 09/07/07 | 15
to 30 Years | |||||||||||||||||||
American Lubefast | Pensacola, FL | (b) | 148 | 459 | — | — | 148 | 459 | 607 | (190 | ) | 1972 | 09/07/07 | 15
to 30 Years | |||||||||||||||||||
American Lubefast | Pensacola, FL | (b) | 195 | 569 | — | — | 195 | 569 | 764 | (246 | ) | 1983 | 09/07/07 | 15
to 30 Years | |||||||||||||||||||
American Lubefast | Pensacola, FL | (b) | 150 | 575 | — | — | 150 | 575 | 725 | (245 | ) | 1986 | 09/07/07 | 15
to 30 Years | |||||||||||||||||||
American Lubefast | Spanish Fort, AL | (b) | 563 | 607 | — | — | 563 | 607 | 1,170 | (337 | ) | 1993 | 09/07/07 | 15
to 30 Years | |||||||||||||||||||
American Lubefast | Mobile, AL | (b) | 89 | 501 | — | — | 89 | 501 | 590 | (201 | ) | 1982 | 11/30/07 | 15
to 30 Years | |||||||||||||||||||
American Lubefast | Valdosta, GA | (b) | 376 | 576 | — | — | 376 | 576 | 952 | (262 | ) | 1996 | 11/30/07 | 15
to 30 Years | |||||||||||||||||||
American Lubefast | Ocean Springs, MS | (b) | 145 | 186 | — | — | 145 | 186 | 331 | (40 | ) | 1988 | 07/17/13 | 15
to 30 Years | |||||||||||||||||||
American Lubefast | Panama City, FL | (b) | 378 | 252 | — | — | 378 | 252 | 630 | (69 | ) | 1997 | 07/17/13 | 15
to 30 Years | |||||||||||||||||||
American Lubefast | Mobile, AL | (b) | 157 | 508 | — | — | 157 | 508 | 665 | (213 | ) | 1982 | 09/07/07 | 15
to 30 Years | |||||||||||||||||||
American Lubefast | Wetumpka, AL | (a) | 185 | 332 | — | — | 185 | 332 | 517 | (48 | ) | 1995 | 06/24/14 | 12
to 30 Years | |||||||||||||||||||
America's Auto Auction | Jacksonville, FL | (a) | 3,170 | 938 | — | — | 3,170 | 938 | 4,108 | (649 | ) | 1989 | 12/28/05 | 15
to 30 Years | |||||||||||||||||||
America's Auto Auction | Tulsa, OK | (a) | 1,225 | 373 | — | — | 1,225 | 373 | 1,598 | (745 | ) | 1999 | 12/28/05 | 15
to 20 Years | |||||||||||||||||||
America's Auto Auction | Greenville, SC | (a) | 2,561 | 1,526 | — | — | 2,561 | 1,526 | 4,087 | (1,443 | ) | 1999 | 12/28/05 | 15
to 30 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
America's
Auto Auction | Irving, TX | (a) | 7,348 | 970 | — | — | 7,348 | 970 | 8,318 | (2,513 | ) | 1960 | 09/01/09 | 12
to 27 Years | |||||||||||||||||||
America's Auto Auction | Conroe, TX | (a) | 4,338 | 448 | 955 | 145 | 5,293 | 593 | 5,886 | (1,849 | ) | 2005 | 09/01/09 | 12
to 47 Years | |||||||||||||||||||
America's Auto Auction | Irving, TX | (a) | 931 | 268 | — | — | 931 | 268 | 1,199 | (190 | ) | 1965 | 09/01/09 | 12
to 17 Years | |||||||||||||||||||
America's Service Station | Dacula, GA | (a) | 1,067 | 976 | — | — | 1,067 | 976 | 2,043 | (130 | ) | 2000 | 03/28/14 | 15
to 40 Years | |||||||||||||||||||
America's Service Station | Farragut, TN | (a) | 986 | 1,148 | — | — | 986 | 1,148 | 2,134 | (166 | ) | 2011 | 03/28/14 | 15
to 40 Years | |||||||||||||||||||
Andy's Frozen Custard | Kansas City, MO | (d) | 772 | 18 | — | 916 | 772 | 934 | 1,706 | (47 | ) | 1995 | 09/19/14 | 40
to 40 Years | |||||||||||||||||||
Andy's Frozen Custard | Rogers, AR | (d) | 334 | 884 | — | — | 334 | 884 | 1,218 | (112 | ) | 2005 | 09/30/14 | 15
to 30 Years | |||||||||||||||||||
Andy's Frozen Custard | Naperville, IL | (d) | 976 | — | 27 | 721 | 1,003 | 721 | 1,724 | (6 | ) | 2016 | 06/30/16 | 40
to 40 Years | |||||||||||||||||||
Andy's Frozen Custard | Orland Park, IL | (d) | 999 | — | — | — | 999 | — | 999 | — | (f) | 09/12/16 | (f) | ||||||||||||||||||||
Anixter | Mattoon,
IL | (a) | 233 | 263 | — | — | 233 | 263 | 496 | (224 | ) | 1984 | 05/01/05 | 15
to 20 Years | |||||||||||||||||||
Anixter | Fort Myers, FL | (a) | 641 | 1,069 | — | — | 641 | 1,069 | 1,710 | (603 | ) | 1999 | 07/01/05 | 14
to 30 Years | |||||||||||||||||||
Applebee's | Chicago, IL | (a) | 1,675 | 1,112 | — | — | 1,675 | 1,112 | 2,787 | (520 | ) | 1999 | 12/29/06 | 15
to 30 Years | |||||||||||||||||||
Applebee's | DeKalb, IL | (a) | 1,423 | 1,552 | — | — | 1,423 | 1,552 | 2,975 | (783 | ) | 1996 | 12/29/06 | 15
to 30 Years | |||||||||||||||||||
Applebee's | Joliet, IL | (a) | 1,994 | 1,207 | — | — | 1,994 | 1,207 | 3,201 | (694 | ) | 1996 | 12/29/06 | 15
to 30 Years | |||||||||||||||||||
Applebee's | Santa Fe, NM | (d) | 2,120 | 2,033 | — | — | 2,120 | 2,033 | 4,153 | (305 | ) | 1997 | 07/17/13 | 13
to 40 Years | |||||||||||||||||||
Applebee's | Augusta, GA | (d) | 1,494 | 2,019 | — | — | 1,494 | 2,019 | 3,513 | (301 | ) | 2005 | 07/17/13 | 13
to 40 Years | |||||||||||||||||||
Applebee's | Columbus, GA | (d) | 1,199 | 1,911 | — | — | 1,199 | 1,911 | 3,110 | (295 | ) | 2005 | 07/17/13 | 13
to 40 Years | |||||||||||||||||||
Applebee's | Albany, OR | (d) | 913 | 1,951 | — | — | 913 | 1,951 | 2,864 | (320 | ) | 2005 | 07/17/13 | 12
to 35 Years | |||||||||||||||||||
Applebee's | Macon, GA | (d) | 838 | 1,723 | — | — | 838 | 1,723 | 2,561 | (259 | ) | 1995 | 07/17/13 | 13
to 40 Years | |||||||||||||||||||
Applebee's | Walla Walla, WA | (d) | 665 | 2,072 | — | — | 665 | 2,072 | 2,737 | (359 | ) | 2005 | 07/17/13 | 11
to 35 Years | |||||||||||||||||||
Applebee's | Aurora, CO | (d) | 1,017 | 1,743 | — | — | 1,017 | 1,743 | 2,760 | (274 | ) | 1998 | 07/17/13 | 13
to 35 Years | |||||||||||||||||||
Applebee's | Colorado Springs, CO | (d) | 937 | 1,120 | — | — | 937 | 1,120 | 2,057 | (278 | ) | 1998 | 07/17/13 | 8
to 25 Years | |||||||||||||||||||
Applebee's | Columbus, GA | (d) | 2,102 | 1,717 | — | — | 2,102 | 1,717 | 3,819 | (242 | ) | 1993 | 07/17/13 | 13
to 40 Years | |||||||||||||||||||
Applebee's | Gallup, NM | (d) | 937 | 2,277 | — | — | 937 | 2,277 | 3,214 | (347 | ) | 2004 | 07/17/13 | 13
to 40 Years | |||||||||||||||||||
Applebee's | Warner Robins, GA | (d) | 1,228 | 1,714 | — | — | 1,228 | 1,714 | 2,942 | (273 | ) | 1994 | 07/17/13 | 11
to 40 Years | |||||||||||||||||||
Applebee's | Savannah, GA | (d) | 1,112 | 1,727 | — | — | 1,112 | 1,727 | 2,839 | (267 | ) | 1993 | 07/17/13 | 13
to 40 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Applebee's | Union
Gap, WA | (d) | 522 | 2,218 | — | — | 522 | 2,218 | 2,740 | (284 | ) | 2004 | 07/17/13 | 13
to 40 Years | |||||||||||||||||||
Applebee's | Loveland, CO | (d) | 602 | 1,913 | — | — | 602 | 1,913 | 2,515 | (255 | ) | 1997 | 07/17/13 | 12
to 40 Years | |||||||||||||||||||
Applebee's | Littleton, CO | (d) | 696 | 1,943 | — | — | 696 | 1,943 | 2,639 | (282 | ) | 1990 | 07/17/13 | 11
to 40 Years | |||||||||||||||||||
Applebee's | Longview, WA | (d) | 870 | 2,855 | — | — | 870 | 2,855 | 3,725 | (394 | ) | 2004 | 07/17/13 | 13
to 40 Years | |||||||||||||||||||
Applebee's | Grand Junction, CO | (d) | 1,363 | 1,990 | — | — | 1,363 | 1,990 | 3,353 | (312 | ) | 1995 | 07/17/13 | 10
to 40 Years | |||||||||||||||||||
Applebee's | Garden City, GA | (d) | 1,184 | 1,465 | — | — | 1,184 | 1,465 | 2,649 | (238 | ) | 1998 | 07/17/13 | 9
to 40 Years | |||||||||||||||||||
Applebee's | Fountain, CO | (d) | 861 | 2,226 | — | — | 861 | 2,226 | 3,087 | (321 | ) | 2005 | 07/17/13 | 12
to 38 Years | |||||||||||||||||||
Applebee's | Aurora, CO | (d) | 1,521 | 1,498 | — | — | 1,521 | 1,498 | 3,019 | (290 | ) | 1992 | 07/17/13 | 9
to 32 Years | |||||||||||||||||||
Applebee's | Macon, GA | (d) | 874 | 1,712 | — | — | 874 | 1,712 | 2,586 | (269 | ) | 1995 | 07/17/13 | 11
to 40 Years | |||||||||||||||||||
Applebee's | Clovis, NM | (d) | 861 | 2,172 | — | — | 861 | 2,172 | 3,033 | (347 | ) | 2005 | 07/17/13 | 13
to 40 Years | |||||||||||||||||||
Arby's | Madisonville, KY | (a) | 1,198 | 819 | (95 | ) | — | 1,103 | 819 | 1,922 | (414 | ) | 1990 | 09/24/04 | 15
to 30 Years | ||||||||||||||||||
Arby's | Brunswick, GA | (a) | 774 | 614 | — | — | 774 | 614 | 1,388 | (410 | ) | 1999 | 09/24/04 | 15
to 20 Years | |||||||||||||||||||
Arby's | Tooele, UT | (a) | 552 | 624 | — | — | 552 | 624 | 1,176 | (476 | ) | 1988 | 09/24/04 | 15
to 20 Years | |||||||||||||||||||
Arby's | Jacksonville, FL | (a) | 480 | 631 | — | — | 480 | 631 | 1,111 | (325 | ) | 1998 | 09/24/04 | 15
to 30 Years | |||||||||||||||||||
Arby's | McDonough, GA | (a) | 938 | 697 | — | — | 938 | 697 | 1,635 | (393 | ) | 1985 | 09/24/04 | 15
to 30 Years | |||||||||||||||||||
Arby's | Cumming, GA | (a) | 967 | 844 | — | — | 967 | 844 | 1,811 | (452 | ) | 1986 | 09/24/04 | 15
to 30 Years | |||||||||||||||||||
Arby's | Indianapolis, IN | (a) | 460 | 587 | — | — | 460 | 587 | 1,047 | (278 | ) | 1998 | 09/24/04 | 15
to 30 Years | |||||||||||||||||||
Arby's | Jacksonville, FL | (a) | 872 | 509 | — | — | 872 | 509 | 1,381 | (366 | ) | 1984 | 09/24/04 | 15
to 20 Years | |||||||||||||||||||
Arby's | Statesboro, GA | (a) | 779 | 777 | — | — | 779 | 777 | 1,556 | (453 | ) | 1985 | 09/24/04 | 15
to 20 Years | |||||||||||||||||||
Arby's | Moncks Corner, SC | (a) | 573 | 466 | — | — | 573 | 466 | 1,039 | (368 | ) | 1998 | 09/24/04 | 15
to 20 Years | |||||||||||||||||||
Arby's | Jacksonville, FL | (a) | 487 | 871 | — | — | 487 | 871 | 1,358 | (509 | ) | 1985 | 12/30/04 | 15
to 20 Years | |||||||||||||||||||
Arby's | Orlando, FL | (a) | 642 | 178 | — | — | 642 | 178 | 820 | (254 | ) | 1967 | 12/30/04 | 10
to 15 Years | |||||||||||||||||||
Arby's | Winter Springs, FL | (a) | 523 | 446 | — | — | 523 | 446 | 969 | (345 | ) | 1988 | 12/30/04 | 15
to 20 Years | |||||||||||||||||||
Arby's | Lexington, KY | (a) | 636 | 362 | — | — | 636 | 362 | 998 | (422 | ) | 1978 | 12/30/04 | 10
to 15 Years | |||||||||||||||||||
Arby's | Eustis, FL | (a) | 451 | 377 | — | — | 451 | 377 | 828 | (440 | ) | 1969 | 12/30/04 | 10
to 15 Years | |||||||||||||||||||
Arby's | Lexington, KY | (a) | 713 | 451 | — | — | 713 | 451 | 1,164 | (529 | ) | 1976 | 01/26/05 | 10
to 15 Years | |||||||||||||||||||
Arby's | Crawfordsville, IN | (a) | 557 | 624 | — | — | 557 | 624 | 1,181 | (324 | ) | 1998 | 09/23/05 | 15
to 30 Years |
Arby's | Mooresville, IN | (a) | 560 | 549 | — | — | 560 | 549 | 1,109 | (411 | ) | 1998 | 09/23/05 | 15
to 20 Years | |||||||||||||||||||
Arby's | Martinsburg, WV | (a) | 887 | 992 | — | — | 887 | 992 | 1,879 | (489 | ) | 1999 | 12/29/05 | 15
to 30 Years | |||||||||||||||||||
Arby's | Mount Pleasant, MI | (a) | 485 | 642 | — | — | 485 | 642 | 1,127 | (309 | ) | 1997 | 12/29/05 | 15
to 30 Years | |||||||||||||||||||
Arby's | Sterling Heights, MI | (a) | 866 | 960 | — | — | 866 | 960 | 1,826 | (449 | ) | 2000 | 12/29/05 | 15
to 30 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Arby's | Rock
Hill, SC | (a) | 373 | 722 | — | — | 373 | 722 | 1,095 | (458 | ) | 1978 | 12/29/05 | 15
to 20 Years | |||||||||||||||||||
Arby's | North Canton, OH | (a) | 484 | 497 | (14 | ) | — | 470 | 497 | 967 | (339 | ) | 1989 | 12/29/06 | 15
to 20 Years | ||||||||||||||||||
Arby's | Sun City, AZ | (a) | 771 | 372 | — | 250 | 771 | 622 | 1,393 | (284 | ) | 1986 | 12/29/06 | 10
to 20 Years | |||||||||||||||||||
Arby's | New Castle, PA | (b) | 573 | 1,042 | — | — | 573 | 1,042 | 1,615 | (286 | ) | 1999 | 07/17/13 | 7
to 25 Years | |||||||||||||||||||
Arby's | Nappanee, IN | (a) | 301 | 413 | — | — | 301 | 413 | 714 | (310 | ) | 2005 | 12/21/07 | 15
to 20 Years | |||||||||||||||||||
Arby's | Champlin, MN | (d) | 710 | 408 | — | — | 710 | 408 | 1,118 | (96 | ) | 2004 | 03/20/15 | 8
to 20 Years | |||||||||||||||||||
Arby's | Tyler, TX | (d) | 355 | 663 | — | — | 355 | 663 | 1,018 | (57 | ) | 1980 | 12/29/15 | 15
to 30 Years | |||||||||||||||||||
Arby's | Odessa, TX | (d) | 499 | 941 | — | — | 499 | 941 | 1,440 | (77 | ) | 1982 | 12/29/15 | 15
to 30 Years | |||||||||||||||||||
Arby's | Midland, TX | (d) | 768 | 893 | — | — | 768 | 893 | 1,661 | (75 | ) | 1982 | 12/29/15 | 15
to 30 Years | |||||||||||||||||||
Arby's | Amarillo, TX | (a) | 538 | 615 | — | — | 538 | 615 | 1,153 | (65 | ) | 1985 | 12/29/15 | 15
to 30 Years | |||||||||||||||||||
Area 51 Extreme Air Sports | Baton Rouge, LA | (d) | 1,076 | 2,289 | — | — | 1,076 | 2,289 | 3,365 | (186 | ) | 2015 | 11/13/15 | 10
to 40 Years | |||||||||||||||||||
Ashley Furniture | Abilene, TX | (a) | 1,316 | 2,649 | — | — | 1,316 | 2,649 | 3,965 | (1,019 | ) | 2000 | 05/19/05 | 15
to 40 Years | |||||||||||||||||||
Ashley Furniture | El Paso, TX | (a) | 1,536 | 3,852 | — | — | 1,536 | 3,852 | 5,388 | (1,717 | ) | 1973 | 07/01/05 | 14
to 30 Years | |||||||||||||||||||
Ashley Furniture | Amarillo, TX | (d) | 1,481 | 4,999 | — | — | 1,481 | 4,999 | 6,480 | (947 | ) | 2001 | 07/17/13 | 9
to 36 Years | |||||||||||||||||||
Ashley Furniture | Anderson, SC | (c) | 870 | 1,909 | — | — | 870 | 1,909 | 2,779 | (355 | ) | 2006 | 07/17/13 | 8
to 40 Years | |||||||||||||||||||
Ashley Furniture | Mount Juliet, TN | (d) | 2,049 | 4,604 | — | — | 2,049 | 4,604 | 6,653 | (663 | ) | 2008 | 07/17/13 | 10
to 45 Years | |||||||||||||||||||
At Home | Broomfield, CO | (d) | 4,538 | 4,675 | — | — | 4,538 | 4,675 | 9,213 | (479 | ) | 1995 | 08/01/16 | 9
to 20 Years | |||||||||||||||||||
At Home | Corpus Christi, TX | (d) | 3,734 | 4,949 | — | — | 3,734 | 4,949 | 8,683 | (562 | ) | 1986 | 08/01/16 | 8
to 20 Years | |||||||||||||||||||
At Home | Jenison, MI | (d) | 2,303 | 5,743 | — | 88 | 2,303 | 5,831 | 8,134 | (404 | ) | 1989 | 08/01/16 | 8
to 30 Years | |||||||||||||||||||
At Home | Buford, GA | (d) | 1,940 | 4,704 | — | — | 1,940 | 4,704 | 6,644 | (314 | ) | 1984 | 08/01/16 | 8
to 30 Years | |||||||||||||||||||
At Home | Lubbock, TX | (a) | 4,585 | 4,550 | — | 35 | 4,585 | 4,585 | 9,170 | (423 | ) | 1985 | 11/15/16 | 6
to 20 Years | |||||||||||||||||||
At Home | Louisville, KY | (d) | 4,726 | 5,210 | — | 13 | 4,726 | 5,223 | 9,949 | (361 | ) | 1984 | 12/20/16 | 9
to 20 Years | |||||||||||||||||||
At Home | Mesa, AZ | (d) | 4,067 | 4,321 | — | 13 | 4,067 | 4,334 | 8,401 | (340 | ) | 2002 | 12/20/16 | 10
to 20 Years | |||||||||||||||||||
AT&T | Santa Clara, CA | (d) | 2,873 | 8,252 | — | — | 2,873 | 8,252 | 11,125 | (1,153 | ) | 2002 | 07/17/13 | 5
to 48 Years | |||||||||||||||||||
ATC Fitness | Southaven, MS | (d) | 1,187 | 1,817 | — | — | 1,187 | 1,817 | 3,004 | (243 | ) | 2014 | 09/17/14 | 15
to 40 Years | |||||||||||||||||||
Austin's Park N Pizza Experience | Pflugerville, TX | (a) | 6,182 | 1,349 | — | — | 6,182 | 1,349 | 7,531 | (366 | ) | 2003 | 08/29/14 | 15
to 30 Years | |||||||||||||||||||
AutoStart | Kansas City, MO | (d) | 1,310 | 1,824 | — | 6 | 1,310 | 1,830 | 3,140 | (250 | ) | 2001 | 12/18/15 | 15
to 20 Years | |||||||||||||||||||
AutoStart | Kansas City, MO | (d) | 620 | 1,280 | — | — | 620 | 1,280 | 1,900 | (184 | ) | 1978 | 12/31/15 | 15
to 20 Years | |||||||||||||||||||
AutoStart | Overland Park, KS | (d) | 1,390 | 320 | — | — | 1,390 | 320 | 1,710 | (66 | ) | 1967 | 03/11/16 | 7
to 20 Years | |||||||||||||||||||
Avalon Flooring | Rio Grande, NJ | (d) | 753 | 3,299 | — | — | 753 | 3,299 | 4,052 | (307 | ) | 2006 | 03/31/15 | 11
to 40 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Axel's | Mendota,
MN | (a) | 536 | 963 | — | — | 536 | 963 | 1,499 | (146 | ) | 1995 | 05/22/14 | 15
to 30 Years | |||||||||||||||||||
Axel's | Chanhassen, MN | (a) | 1,439 | 784 | — | — | 1,439 | 784 | 2,223 | (191 | ) | 1953 | 05/22/14 | 15
to 30 Years | |||||||||||||||||||
B&B Theatres | Kansas City, MO | (a) | 2,543 | 7,943 | — | — | 2,543 | 7,943 | 10,486 | (2,401 | ) | 2003 | 07/01/05 | 14
to 50 Years | |||||||||||||||||||
B&B Theatres | Lees Summit, MO | (a) | 3,517 | 9,735 | — | — | 3,517 | 9,735 | 13,252 | (3,527 | ) | 1999 | 07/01/05 | 14
to 40 Years | |||||||||||||||||||
B&B Theatres | Bixby, OK | (a) | 5,585 | 10,101 | — | — | 5,585 | 10,101 | 15,686 | (4,845 | ) | 1998 | 07/01/05 | 14
to 30 Years | |||||||||||||||||||
B&B Theatres | Overland Park, KS | (a) | 4,935 | 12,281 | — | — | 4,935 | 12,281 | 17,216 | (3,234 | ) | 2004 | 08/01/09 | 10
to 57 Years | |||||||||||||||||||
Bagger Dave's Burger Tavern | Grand Rapids, MI | (a) | 986 | 524 | — | — | 986 | 524 | 1,510 | (108 | ) | 1985 | 10/31/14 | 14
to 30 Years | |||||||||||||||||||
Bagger Dave's Burger Tavern | Berkley, MI | (a) | 390 | 540 | — | — | 390 | 540 | 930 | (85 | ) | 1927 | 10/31/14 | 14
to 30 Years | |||||||||||||||||||
Bank of America | Delray Beach, FL | (c) | 3,831 | 16,789 | — | — | 3,831 | 16,789 | 20,620 | (1,845 | ) | 1975 | 07/17/13 | 8
to 50 Years | |||||||||||||||||||
BE Aerospace | Winston-Salem, NC | (c) | 927 | 3,455 | — | — | 927 | 3,455 | 4,382 | (772 | ) | 1987 | 07/17/13 | 5
to 40 Years | |||||||||||||||||||
Bellefonte Primary Care | Grayson, KY | (d) | 658 | 3,171 | — | — | 658 | 3,171 | 3,829 | (397 | ) | 2013 | 08/18/14 | 9
to 40 Years | |||||||||||||||||||
Best Buy | Evanston, IL | (d) | 3,275 | 5,338 | — | — | 3,275 | 5,338 | 8,613 | (133 | ) | 1993 | 07/17/13 | 30
to 30 Years | |||||||||||||||||||
Best Buy | Fayetteville, NC | (c) | 1,560 | 6,893 | — | — | 1,560 | 6,893 | 8,453 | (1,009 | ) | 1999 | 07/17/13 | 6
to 41 Years | |||||||||||||||||||
Best Buy | Wichita, KS | (d) | 3,368 | 6,312 | — | — | 3,368 | 6,312 | 9,680 | (1,352 | ) | 1984 | 07/17/13 | 7
to 29 Years | |||||||||||||||||||
Best Buy | Las Cruces, NM | (d) | 1,328 | 2,616 | — | — | 1,328 | 2,616 | 3,944 | (418 | ) | 2002 | 07/17/13 | 8
to 41 Years | |||||||||||||||||||
Best Car Buys | Denver, CO | (d) | 4,124 | 4,229 | — | — | 4,124 | 4,229 | 8,353 | (337 | ) | 1980 | 08/21/15 | 15
to 40 Years | |||||||||||||||||||
Big Al's | Vancouver, WA | (a) | 2,077 | 9,395 | — | — | 2,077 | 9,395 | 11,472 | (928 | ) | 2006 | 06/30/14 | 15
to 40 Years | |||||||||||||||||||
Big Al's | Beaverton, OR | (a) | 5,608 | 8,733 | — | — | 5,608 | 8,733 | 14,341 | (986 | ) | 2010 | 06/30/14 | 15
to 40 Years | |||||||||||||||||||
Big Sandy Furniture | Hurricane, WV | (a) | 727 | 3,005 | — | — | 727 | 3,005 | 3,732 | (1,202 | ) | 1998 | 08/27/09 | 12
to 27 Years | |||||||||||||||||||
Big Sandy Furniture | Chillicothe, OH | (a) | 499 | 2,296 | — | — | 499 | 2,296 | 2,795 | (953 | ) | 1995 | 08/27/09 | 12
to 27 Years | |||||||||||||||||||
Big Sandy Furniture | South Point, OH | (a) | 848 | 2,948 | — | — | 848 | 2,948 | 3,796 | (1,207 | ) | 1990 | 08/27/09 | 12
to 27 Years | |||||||||||||||||||
Big Sandy Furniture | Portsmouth, OH | (a) | 561 | 1,563 | — | — | 561 | 1,563 | 2,124 | (680 | ) | 1988 | 08/27/09 | 12
to 27 Years | |||||||||||||||||||
Big Sandy Furniture | Ashland, KY | (a) | 775 | 2,037 | — | — | 775 | 2,037 | 2,812 | (851 | ) | 1990 | 08/27/09 | 12
to 27 Years | |||||||||||||||||||
Big Sandy Furniture | Parkersburg, WV | (d) | 1,800 | 3,183 | — | — | 1,800 | 3,183 | 4,983 | (1,480 | ) | 1976 | 08/27/09 | 12
to 27 Years | |||||||||||||||||||
Big Sandy Furniture | Ashland, KY | (d) | 629 | 754 | — | — | 629 | 754 | 1,383 | (364 | ) | 1993 | 08/27/09 | 12
to 27 Years | |||||||||||||||||||
Bi-Lo | Hartsville, SC | (d) | 696 | 5,402 | — | — | 696 | 5,402 | 6,098 | (610 | ) | 1988 | 09/30/14 | 10
to 40 Years | |||||||||||||||||||
BJ's Wholesale Club | Haverhill, MA | (d) | 3,192 | 15,353 | — | — | 3,192 | 15,353 | 18,545 | (2,730 | ) | 2007 | 07/17/13 | 11
to 32 Years | |||||||||||||||||||
BJ's Wholesale Club | Fort Lauderdale, FL | (d) | 6,775 | 18,649 | — | — | 6,775 | 18,649 | 25,424 | (2,871 | ) | 2007 | 07/17/13 | 12
to 37 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
BJ's
Wholesale Club | Woodstock, GA | (c) | 4,383 | 16,588 | — | — | 4,383 | 16,588 | 20,971 | (3,016 | ) | 2001 | 07/17/13 | 8
to 33 Years | |||||||||||||||||||
BJ's Wholesale Club | Tampa, FL | (d) | 4,810 | 10,220 | — | 35 | 4,810 | 10,255 | 15,065 | (476 | ) | 1993 | 01/10/17 | 10
to 30 Years | |||||||||||||||||||
Black Angus Steakhouse | Glendale, AZ | (a) | 1,480 | 1,329 | — | — | 1,480 | 1,329 | 2,809 | (585 | ) | 1996 | 06/25/04 | 15
to 30 Years | |||||||||||||||||||
Blue Rhino | Tavares, FL | (a) | 1,075 | 5,098 | — | — | 1,075 | 5,098 | 6,173 | (1,809 | ) | 2004 | 07/01/05 | 14
to 40 Years | |||||||||||||||||||
Blue Rhino | Riverside, CA | (a) | 1,203 | 6,254 | — | — | 1,203 | 6,254 | 7,457 | (1,884 | ) | 2004 | 07/01/05 | 14
to 40 Years | |||||||||||||||||||
Bojangle's | Hickory, NC | (a) | 1,105 | 851 | — | — | 1,105 | 851 | 1,956 | (720 | ) | 1995 | 12/29/06 | 13
to 28 Years | |||||||||||||||||||
Bondcote | Pulaski, VA | (a) | 333 | 1,536 | — | — | 333 | 1,536 | 1,869 | (961 | ) | 1967 | 12/11/06 | 15
to 20 Years | |||||||||||||||||||
Bondcote | Dublin, VA | (a) | 491 | 1,401 | — | — | 491 | 1,401 | 1,892 | (929 | ) | 1985 | 12/11/06 | 15
to 20 Years | |||||||||||||||||||
Bonfire | Eagen, MN | (a) | 724 | 1,230 | — | — | 724 | 1,230 | 1,954 | (187 | ) | 1996 | 05/22/14 | 15
to 30 Years | |||||||||||||||||||
Bonfire | Woodbury, MN | (a) | 3,165 | 1,707 | — | — | 3,165 | 1,707 | 4,872 | (334 | ) | 1995 | 05/22/14 | 15
to 30 Years | |||||||||||||||||||
Books-A-Million | Rapid City, SD | (d) | 575 | 2,568 | — | — | 575 | 2,568 | 3,143 | (419 | ) | 2001 | 07/17/13 | 2
to 45 Years | |||||||||||||||||||
Boozman-Hof | Rogers, AR | (a) | 2,014 | 2,313 | — | — | 2,014 | 2,313 | 4,327 | (466 | ) | 1988 | 11/14/13 | 13
to 30 Years | |||||||||||||||||||
Boscovs | Voorhees, NJ | (a) | 2,027 | 6,776 | — | — | 2,027 | 6,776 | 8,803 | (2,313 | ) | 1970 | 07/17/13 | 5
to 20 Years | |||||||||||||||||||
Bricktown Brewery | Oklahoma City, OK | (a) | 479 | 1,877 | — | 177 | 479 | 2,054 | 2,533 | (388 | ) | 1904 | 12/02/13 | 16
to 20 Years | |||||||||||||||||||
Bricktown Brewery | Shawnee, OK | (a) | 621 | 1,399 | — | — | 621 | 1,399 | 2,020 | (226 | ) | 1984 | 07/29/05 | 15
to 30 Years | |||||||||||||||||||
Bridgestone Tire | Atlanta, GA | (a) | 1,830 | 363 | — | — | 1,830 | 363 | 2,193 | (144 | ) | 1998 | 07/17/13 | 5
to 24 Years | |||||||||||||||||||
Brookshire Brothers | Cleveland, TX | (d) | 465 | 2,867 | — | — | 465 | 2,867 | 3,332 | (1,734 | ) | 1991 | 12/01/05 | 15
to 20 Years | |||||||||||||||||||
Brookshire Brothers | Corrigan, TX | (d) | 395 | 630 | — | — | 395 | 630 | 1,025 | (442 | ) | 1971 | 12/01/05 | 15
to 20 Years | |||||||||||||||||||
Brookshire Brothers | Diboll, TX | (d) | 775 | 872 | — | — | 775 | 872 | 1,647 | (626 | ) | 1974 | 12/01/05 | 15
to 20 Years | |||||||||||||||||||
Brookshire Brothers | Lufkin, TX | (d) | 1,178 | 352 | — | — | 1,178 | 352 | 1,530 | (331 | ) | 1977 | 12/01/05 | 15
to 20 Years | |||||||||||||||||||
Brookshire Brothers | Navasota, TX | (d) | 781 | 1,499 | — | — | 781 | 1,499 | 2,280 | (702 | ) | 1992 | 12/01/05 | 15
to 30 Years | |||||||||||||||||||
Brookshire Brothers | Timpson, TX | (d) | 253 | 312 | — | — | 253 | 312 | 565 | (240 | ) | 1978 | 12/01/05 | 15
to 20 Years | |||||||||||||||||||
Brookshire Brothers | Alto, TX | (a) | 204 | 464 | — | — | 204 | 464 | 668 | (119 | ) | 1996 | 03/31/14 | 7
to 20 Years | |||||||||||||||||||
Brookshire Brothers | Buffalo, TX | (a) | 522 | 987 | — | — | 522 | 987 | 1,509 | (177 | ) | 1990 | 03/31/14 | 7
to 30 Years | |||||||||||||||||||
Brookshire Brothers | Groveton, TX | (a) | 264 | 540 | — | — | 264 | 540 | 804 | (107 | ) | 1996 | 03/31/14 | 7
to 30 Years | |||||||||||||||||||
Brookshire Brothers | Lorena, TX | (a) | 657 | 751 | — | — | 657 | 751 | 1,408 | (179 | ) | 1999 | 03/31/14 | 7
to 20 Years | |||||||||||||||||||
Brookshire Brothers | McGregor, TX | (a) | 748 | 795 | — | — | 748 | 795 | 1,543 | (207 | ) | 1999 | 03/31/14 | 7
to 20 Years | |||||||||||||||||||
Brookshire Brothers | Hallettsville, TX | (d) | 550 | 1,545 | — | — | 550 | 1,545 | 2,095 | (291 | ) | 2004 | 03/31/14 | 10
to 30 Years | |||||||||||||||||||
Bru Burger | Lexington, KY | (a) | 1,267 | 944 | — | — | 1,267 | 944 | 2,211 | (656 | ) | 1996 | 02/26/07 | 14
to 30 Years | |||||||||||||||||||
Buck's Sports Grill | Rawlins, WY | (a) | 25 | 406 | — | — | 25 | 406 | 431 | (240 | ) | 1958 | 12/29/06 | 15
to 20 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Buehler's
Fresh Foods | Ashland, OH | (a) | 2,596 | 8,200 | — | — | 2,596 | 8,200 | 10,796 | (656 | ) | 2000 | 10/14/15 | 15
to 40 Years | |||||||||||||||||||
Buehler's Fresh Foods | Dover, OH | (a) | 2,596 | 8,087 | — | — | 2,596 | 8,087 | 10,683 | (771 | ) | 1990 | 10/14/15 | 15
to 30 Years | |||||||||||||||||||
Buehler's Fresh Foods | Medina, OH | (a) | 4,892 | 10,983 | — | — | 4,892 | 10,983 | 15,875 | (1,108 | ) | 1990 | 10/14/15 | 15
to 30 Years | |||||||||||||||||||
Buehler's Fresh Foods | Wooster, OH | (a) | 3,694 | 8,087 | — | — | 3,694 | 8,087 | 11,781 | (786 | ) | 1980 | 10/14/15 | 30
to 30 Years | |||||||||||||||||||
Buehler's Fresh Foods | Wadsworth, OH | (a) | 2,197 | 9,285 | — | — | 2,197 | 9,285 | 11,482 | (816 | ) | 1985 | 10/14/15 | 15
to 30 Years | |||||||||||||||||||
Buffalo Wild Wings | Clinton Township, MI | (d) | 1,377 | 911 | — | — | 1,377 | 911 | 2,288 | (158 | ) | 2003 | 11/05/14 | 14
to 30 Years | |||||||||||||||||||
Buffalo Wild Wings | Brandon, FL | (d) | 1,358 | 614 | — | — | 1,358 | 614 | 1,972 | (173 | ) | 2004 | 11/05/14 | 14
to 20 Years | |||||||||||||||||||
Buffalo Wild Wings | Birch Run, MI | (d) | 1,852 | 1,290 | — | — | 1,852 | 1,290 | 3,142 | (298 | ) | 2014 | 12/24/14 | 14
to 30 Years |
Buffalo Wild Wings | Wesley Chapel, FL | (d) | 2,672 | 1,725 | — | — | 2,672 | 1,725 | 4,397 | (165 | ) | 2015 | 08/18/15 | 14
to 40 Years | |||||||||||||||||||
Buffalo Wild Wings | Hammond, IN | (a) | 976 | 1,080 | — | — | 976 | 1,080 | 2,056 | (223 | ) | 2014 | 12/24/14 | 14
to 30 Years | |||||||||||||||||||
Buffalo Wild Wings | Gaylord, MI | (a) | 1,003 | 1,478 | — | — | 1,003 | 1,478 | 2,481 | (270 | ) | 2014 | 11/05/14 | 14
to 30 Years | |||||||||||||||||||
Buffet City | Orange City, FL | (a) | 409 | 694 | — | — | 409 | 694 | 1,103 | (473 | ) | 1984 | 09/24/04 | 11
to 20 Years | |||||||||||||||||||
Burger King | Apopka, FL | (a) | 1,038 | 482 | — | — | 1,038 | 482 | 1,520 | (623 | ) | 1977 | 06/25/04 | 10
to 15 Years | |||||||||||||||||||
Burger King | Saint Cloud, FL | (a) | 1,193 | 557 | — | — | 1,193 | 557 | 1,750 | (395 | ) | 1983 | 06/25/04 | 15
to 20 Years | |||||||||||||||||||
Burger King | Orlando, FL | (a) | 1,249 | 729 | — | — | 1,249 | 729 | 1,978 | (551 | ) | 1985 | 06/25/04 | 15
to 20 Years | |||||||||||||||||||
Burger King | Quincy, FL | (a) | 1,015 | 416 | — | — | 1,015 | 416 | 1,431 | (472 | ) | 1989 | 09/24/04 | 15
to 20 Years | |||||||||||||||||||
Burger King | Saint Ann, MO | (a) | 588 | 613 | — | — | 588 | 613 | 1,201 | (471 | ) | 1985 | 09/23/05 | 15
to 20 Years | |||||||||||||||||||
Burger King | Gilman, IL | (a) | 219 | 414 | — | — | 219 | 414 | 633 | (313 | ) | 1998 | 09/23/05 | 15
to 20 Years | |||||||||||||||||||
Burger King | Springfield, IL | (a) | 1,072 | 642 | — | — | 1,072 | 642 | 1,714 | (538 | ) | 1988 | 09/23/05 | 15
to 20 Years | |||||||||||||||||||
Burger King | Effingham, IL | (a) | 539 | 575 | — | — | 539 | 575 | 1,114 | (310 | ) | 1985 | 09/23/05 | 15
to 30 Years | |||||||||||||||||||
Burger King | Decatur, IL | (a) | 940 | 126 | — | — | 940 | 126 | 1,066 | (381 | ) | 1992 | 09/23/05 | 15
to 20 Years | |||||||||||||||||||
Burger King | Springfield, IL | (a) | 571 | 630 | — | — | 571 | 630 | 1,201 | (353 | ) | 1997 | 09/23/05 | 15
to 30 Years | |||||||||||||||||||
Burger King | Romeoville, IL | (a) | 789 | 713 | (62 | ) | — | 727 | 713 | 1,440 | (448 | ) | 1999 | 09/23/05 | 15
to 20 Years | ||||||||||||||||||
Burger King | Lincoln, IL | (a) | 203 | 616 | — | — | 203 | 616 | 819 | (398 | ) | 1990 | 09/23/05 | 15
to 20 Years | |||||||||||||||||||
Burger King | Buffalo, NY | (a) | 737 | 629 | — | — | 737 | 629 | 1,366 | (270 | ) | 1993 | 11/10/05 | 15
to 30 Years | |||||||||||||||||||
Burger King | Buffalo, NY | (a) | 821 | 694 | — | — | 821 | 694 | 1,515 | (302 | ) | 1976 | 11/10/05 | 15
to 30 Years | |||||||||||||||||||
Burger King | Cheektowaga, NY | (a) | 561 | 549 | — | — | 561 | 549 | 1,110 | (256 | ) | 1985 | 11/10/05 | 15
to 30 Years | |||||||||||||||||||
Burger King | Jamestown, NY | (a) | 508 | 573 | — | — | 508 | 573 | 1,081 | (375 | ) | 1988 | 11/10/05 | 15
to 20 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Burger
King | Louisville, KY | (a) | 1,010 | 577 | — | — | 1,010 | 577 | 1,587 | (305 | ) | 1994 | 11/10/05 | 15
to 30 Years | |||||||||||||||||||
Burger King | Louisville, KY | (a) | 854 | 514 | — | — | 854 | 514 | 1,368 | (276 | ) | 1994 | 11/10/05 | 15
to 30 Years | |||||||||||||||||||
Burger King | Niagara Falls, NY | (a) | 1,359 | 551 | — | — | 1,359 | 551 | 1,910 | (305 | ) | 1979 | 11/10/05 | 15
to 30 Years | |||||||||||||||||||
Burger King | Springville, NY | (a) | 678 | 586 | — | — | 678 | 586 | 1,264 | (290 | ) | 1988 | 11/10/05 | 15
to 30 Years | |||||||||||||||||||
Burger King | Escanaba, MI | (a) | 772 | 767 | — | 300 | 772 | 1,067 | 1,839 | (716 | ) | 1984 | 12/29/05 | 3
to 20 Years | |||||||||||||||||||
Burger King | Oshkosh, WI | (a) | 765 | 829 | (40 | ) | 300 | 725 | 1,129 | 1,854 | (643 | ) | 1984 | 12/29/05 | 15
to 20 Years | ||||||||||||||||||
Burger King | Hickory, NC | (a) | 292 | 818 | — | — | 292 | 818 | 1,110 | (318 | ) | 2000 | 09/29/06 | 15
to 40 Years | |||||||||||||||||||
Burger King | Hudson, NC | (a) | 794 | 616 | — | — | 794 | 616 | 1,410 | (308 | ) | 1998 | 09/29/06 | 15
to 40 Years | |||||||||||||||||||
Burger King | Fayetteville, NC | (a) | 470 | 629 | — | — | 470 | 629 | 1,099 | (312 | ) | 1999 | 09/29/06 | 15
to 30 Years | |||||||||||||||||||
Burger King | Hope Mills, NC | (a) | 408 | 930 | — | — | 408 | 930 | 1,338 | (408 | ) | 1990 | 09/29/06 | 15
to 30 Years | |||||||||||||||||||
Burger King | Fayetteville, NC | (a) | 489 | 612 | — | — | 489 | 612 | 1,101 | (287 | ) | 1987 | 09/29/06 | 15
to 30 Years | |||||||||||||||||||
Burger King | Lillington, NC | (a) | 419 | 687 | — | — | 419 | 687 | 1,106 | (275 | ) | 1992 | 09/29/06 | 15
to 40 Years | |||||||||||||||||||
Burger King | Sweetwater, TN | (a) | 602 | 550 | — | 250 | 602 | 800 | 1,402 | (278 | ) | 1999 | 12/29/06 | 15
to 40 Years | |||||||||||||||||||
Burger King | Winchester, TN | (a) | 400 | 291 | — | 250 | 400 | 541 | 941 | (225 | ) | 1993 | 12/29/06 | 10
to 20 Years | |||||||||||||||||||
Burger King | Aurora, IL | (a) | 286 | 726 | — | — | 286 | 726 | 1,012 | (381 | ) | 1998 | 12/29/06 | 15
to 30 Years | |||||||||||||||||||
Burger King | Detroit, MI | (a) | 613 | 688 | — | — | 613 | 688 | 1,301 | (468 | ) | 1987 | 02/13/09 | 13
to 18 Years | |||||||||||||||||||
Burger King | Carrollton, KY | (a) | 229 | 730 | — | — | 229 | 730 | 959 | (325 | ) | 1990 | 06/30/09 | 13
to 28 Years | |||||||||||||||||||
Burger King | Sandusky, OH | (a) | 923 | 406 | (314 | ) | (89 | ) | 609 | 317 | 926 | (148 | ) | 1987 | 08/27/09 | 14
to 29 Years | |||||||||||||||||
Burger King | Seven Hills, OH | (a) | 496 | 489 | — | — | 496 | 489 | 985 | (234 | ) | 1977 | 08/27/09 | 13
to 28 Years | |||||||||||||||||||
Burger King | Parma Heights, OH | (a) | 598 | 535 | — | — | 598 | 535 | 1,133 | (235 | ) | 2004 | 08/27/09 | 13
to 38 Years | |||||||||||||||||||
Burger King | Durham, NC | (b) | 1,253 | — | — | — | 1,253 | — | 1,253 | — | (f) | 07/17/13 | (f) | ||||||||||||||||||||
Burger
King | Artesia, NM | (a) | 435 | 1,106 | — | — | 435 | 1,106 | 1,541 | (191 | ) | 1984 | 04/16/14 | 15
to 30 Years | |||||||||||||||||||
Burger King | Mebane, NC | (a) | 846 | 682 | — | — | 846 | 682 | 1,528 | (321 | ) | 1993 | 09/29/06 | 15
to 30 Years | |||||||||||||||||||
Burger King | Garner, NC | (a) | 600 | 765 | — | — | 600 | 765 | 1,365 | (394 | ) | 1995 | 09/29/06 | 15
to 30 Years | |||||||||||||||||||
Burger King | Fayetteville, NC | (a) | 607 | 1,020 | — | — | 607 | 1,020 | 1,627 | (542 | ) | 1996 | 09/29/06 | 15
to 30 Years | |||||||||||||||||||
Caliber Collision | Conroe, TX | (d) | 2,056 | 2,306 | — | 32 | 2,056 | 2,338 | 4,394 | (90 | ) | 2016 | 12/28/16 | 14
to 50 Years | |||||||||||||||||||
Caliber Collision | Houston, TX | (d) | 2,089 | 2,332 | — | 33 | 2,089 | 2,365 | 4,454 | (67 | ) | 2016 | 03/16/17 | 14
to 50 Years | |||||||||||||||||||
Camping World | Saukville, WI | (a) | 2,061 | 4,794 | — | — | 2,061 | 4,794 | 6,855 | (687 | ) | 2014 | 09/30/14 | 15
to 40 Years | |||||||||||||||||||
Camping World | Wentzville, MO | (d) | 2,040 | 5,133 | — | 1,264 | 2,040 | 6,397 | 8,437 | (321 | ) | 2015 | 03/27/15 | 39
to 40 Years | |||||||||||||||||||
Camping World | Summerfield, FL | (d) | 3,059 | 3,949 | — | — | 3,059 | 3,949 | 7,008 | (380 | ) | 2004 | 08/29/16 | 10
to 30 Years | |||||||||||||||||||
Camping World | Tulsa, OK | (d) | 4,569 | 88 | — | 3,130 | 4,569 | 3,218 | 7,787 | (237 | ) | 2016 | 12/15/16 | 11
to 40 Years | |||||||||||||||||||
Camping World | Poteau, OK | (b) | 2,210 | 3,839 | — | 17 | 2,210 | 3,856 | 6,066 | (165 | ) | 2015 | 03/22/17 | 15
to 30 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Camping
World | Monticello, MN | (d) | 3,873 | 769 | — | 1,386 | 3,873 | 2,155 | 6,028 | (194 | ) | 2016 | 12/29/16 | 9
to 30 Years | |||||||||||||||||||
Camping World | Biloxi, MS | (d) | 3,274 | 627 | — | 6,107 | 3,274 | 6,734 | 10,008 | (62 | ) | 2016 | 12/22/16 | 16
to 39 Years | |||||||||||||||||||
Caremark RX, LLC | St. John, MO | (d) | 1,733 | 3,095 | 91 | 365 | 1,824 | 3,460 | 5,284 | (821 | ) | 1996 | 07/17/13 | 1
to 43 Years | |||||||||||||||||||
CarMax | Pompano Beach, FL | (d) | 6,153 | 5,010 | — | — | 6,153 | 5,010 | 11,163 | (1,355 | ) | 2004 | 06/30/05 | 15
to 40 Years | |||||||||||||||||||
CarMax | Ontario, CA | (d) | 7,981 | 6,937 | — | — | 7,981 | 6,937 | 14,918 | (1,856 | ) | 2005 | 06/30/05 | 15
to 40 Years | |||||||||||||||||||
CarMax | Midlothian, VA | (d) | 4,775 | 6,056 | — | — | 4,775 | 6,056 | 10,831 | (1,632 | ) | 2004 | 06/30/05 | 15
to 40 Years | |||||||||||||||||||
CarMax | Kennesaw, GA | (a) | 3,931 | 5,334 | — | — | 3,931 | 5,334 | 9,265 | (1,612 | ) | 1995 | 02/16/12 | 15
to 30 Years | |||||||||||||||||||
CarMax | Pineville, NC | (c) | 4,865 | 1,902 | — | — | 4,865 | 1,902 | 6,767 | (601 | ) | 2002 | 07/17/13 | 10
to 30 Years | |||||||||||||||||||
CarMax | Raleigh, NC | (a) | 4,163 | 4,017 | — | — | 4,163 | 4,017 | 8,180 | (1,555 | ) | 1994 | 07/17/13 | 4
to 25 Years | |||||||||||||||||||
CarMax | Greenville, SC | (a) | 9,731 | 11,625 | — | — | 9,731 | 11,625 | 21,356 | (2,287 | ) | 1999 | 07/17/13 | 3
to 40 Years | |||||||||||||||||||
CarMax | Jacksonville, FL | (a) | 6,155 | 10,957 | — | — | 6,155 | 10,957 | 17,112 | (2,980 | ) | 2005 | 06/30/05 | 15
to 40 Years | |||||||||||||||||||
Carmike Cinemas | Cedar Rapids, IA | (a) | 2,521 | 5,461 | — | — | 2,521 | 5,461 | 7,982 | (1,987 | ) | 1998 | 07/01/05 | 15
to 40 Years | |||||||||||||||||||
Carmike Cinemas | Colorado Springs, CO | (a) | 1,892 | 1,732 | — | — | 1,892 | 1,732 | 3,624 | (1,036 | ) | 1995 | 09/30/05 | 14
to 30 Years | |||||||||||||||||||
Carmike Cinemas | Durham, NC | (a) | 1,630 | 2,685 | — | — | 1,630 | 2,685 | 4,315 | (1,477 | ) | 1994 | 09/30/05 | 13
to 30 Years | |||||||||||||||||||
Carmike Cinemas | Columbia, SC | (a) | 2,115 | 2,091 | — | — | 2,115 | 2,091 | 4,206 | (953 | ) | 1996 | 09/30/05 | 15
to 30 Years | |||||||||||||||||||
Carmike Cinemas | Greensboro, NC | (a) | 2,359 | 2,431 | — | — | 2,359 | 2,431 | 4,790 | (1,149 | ) | 1996 | 09/30/05 | 15
to 30 Years | |||||||||||||||||||
Carmike Cinemas | Longview, TX | (a) | 1,432 | 2,946 | — | — | 1,432 | 2,946 | 4,378 | (1,380 | ) | 1995 | 09/30/05 | 15
to 30 Years | |||||||||||||||||||
Carmike Cinemas | Wilmington, NC | (a) | 1,552 | 2,934 | — | — | 1,552 | 2,934 | 4,486 | (1,325 | ) | 1997 | 09/30/05 | 15
to 30 Years | |||||||||||||||||||
Carmike Cinemas | Winston-Salem, NC | (a) | 1,567 | 2,140 | — | — | 1,567 | 2,140 | 3,707 | (1,184 | ) | 1993 | 10/28/05 | 13
to 30 Years | |||||||||||||||||||
Carmike Cinemas | Fort Wayne, IN | (a) | 2,696 | 9,849 | 682 | — | 3,378 | 9,849 | 13,227 | (3,533 | ) | 2005 | 11/30/05 | 15
to 40 Years | |||||||||||||||||||
Carmike Cinemas | Raleigh, NC | (a) | 3,636 | 8,833 | — | — | 3,636 | 8,833 | 12,469 | (3,792 | ) | 1988 | 06/10/10 | 9
to 27 Years | |||||||||||||||||||
Carmike Cinemas | Johnston, IA | (c) | 3,046 | 10,213 | — | — | 3,046 | 10,213 | 13,259 | (4,184 | ) | 1998 | 06/23/04 | 15
to 30 Years | |||||||||||||||||||
Carmike Cinemas | Missoula, MT | (b) | 2,333 | 3,406 | — | — | 2,333 | 3,406 | 5,739 | (1,310 | ) | 1998 | 06/23/04 | 15
to 40 Years | |||||||||||||||||||
Carmike Cinemas | Chubbuck, ID | (a) | 1,845 | 2,691 | — | — | 1,845 | 2,691 | 4,536 | (350 | ) | 2004 | 12/23/14 | 10
to 30 Years | |||||||||||||||||||
Carrington College | Phoenix, AZ | (a) | 1,840 | 3,582 | 266 | 22 | 2,106 | 3,604 | 5,710 | (1,433 | ) | 1975 | 07/01/05 | 3
to 40 Years | |||||||||||||||||||
Carrington College | Mesquite, TX | (d) | 2,534 | 1,780 | — | — | 2,534 | 1,780 | 4,314 | (616 | ) | 1996 | 07/17/13 | 8
to 23 Years | |||||||||||||||||||
Casual Male | Canton, MA | (a) | 28,721 | 27,798 | 15 | 35 | 28,736 | 27,833 | 56,569 | (10,446 | ) | 1962 | 02/01/06 | 15
to 30 Years | |||||||||||||||||||
Cermak Fresh Market | Aurora, IL | (a) | 2,450 | 7,566 | — | 343 | 2,450 | 7,909 | 10,359 | (317 | ) | 1989 | 01/09/17 | 10
to 30 Years | |||||||||||||||||||
Chapala | Boise, ID | (a) | 809 | 601 | (400 | ) | (259 | ) | 409 | 342 | 751 | (242 | ) | 1998 | 06/25/04 | 15
to 30 Years | |||||||||||||||||
Charleston's Restaurant | Norman, OK | (a) | 1,466 | 2,294 | — | — | 1,466 | 2,294 | 3,760 | (1,164 | ) | 1992 | 07/02/07 | 14
to 30 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Charleston's
Restaurant | Tulsa, OK | (a) | 1,540 | 1,997 | — | — | 1,540 | 1,997 | 3,537 | (803 | ) | 2002 | 07/02/07 | 14
to 40 Years | |||||||||||||||||||
Chick-Fil-A | Carrollton, GA | (b) | 985 | 725 | — | — | 985 | 725 | 1,710 | (168 | ) | 1995 | 07/17/13 | 11
to 33 Years | |||||||||||||||||||
Childcare Network | Evans, GA | (d) | 508 | 640 | — | — | 508 | 640 | 1,148 | (93 | ) | 2003 | 11/14/14 | 15
to 30 Years | |||||||||||||||||||
Childcare Network | Stockbridge, GA | (d) | 533 | 1,236 | — | (16 | ) | 533 | 1,220 | 1,753 | (177 | ) | 2000 | 10/31/14 | 15
to 30 Years | ||||||||||||||||||
Childcare Network | Warner Robins, GA | (d) | 431 | 620 | — | — | 431 | 620 | 1,051 | (107 | ) | 1995 | 02/27/15 | 15
to 20 Years | |||||||||||||||||||
Childcare Network | Fort Walton Beach, FL | (d) | 200 | 491 | — | — | 200 | 491 | 691 | (58 | ) | 1977 | 02/27/15 | 15
to 30 Years | |||||||||||||||||||
Childcare Network | Sanford, NC | (d) | 200 | 611 | — | — | 200 | 611 | 811 | (71 | ) | 2002 | 02/27/15 | 15
to 30 Years | |||||||||||||||||||
Childcare Network | Norcross, GA | (d) | 831 | 624 | — | — | 831 | 624 | 1,455 | (118 | ) | 1985 | 03/30/15 | 15
to 20 Years | |||||||||||||||||||
Childcare Network | Grand Prairie, TX | (d) | 1,057 | 2,350 | — | — | 1,057 | 2,350 | 3,407 | (279 | ) | 2007 | 07/17/15 | 15
to 30 Years | |||||||||||||||||||
Childcare Network | Denton, TX | (d) | 626 | 1,909 | — | — | 626 | 1,909 | 2,535 | (198 | ) | 2000 | 07/17/15 | 15
to 30 Years | |||||||||||||||||||
Childcare Network | Fort Worth, TX | (d) | 392 | 871 | — | — | 392 | 871 | 1,263 | (111 | ) | 2006 | 07/17/15 | 15
to 30 Years | |||||||||||||||||||
Childcare Network | Columbus, GA | (d) | 342 | 1,096 | — | 30 | 342 | 1,126 | 1,468 | (88 | ) | 2015 | 12/22/15 | 15
to 40 Years | |||||||||||||||||||
Childcare Network | High Point, NC | (d) | 205 | 978 | — | — | 205 | 978 | 1,183 | (78 | ) | 1981 | 12/22/15 | 15
to 30 Years | |||||||||||||||||||
Childcare Network | Hampton, GA | (d) | 391 | 460 | — | — | 391 | 460 | 851 | (57 | ) | 2005 | 12/22/15 | 15
to 30 Years | |||||||||||||||||||
Childcare Network | Marietta, GA | (b) | 538 | 792 | — | 11 | 538 | 803 | 1,341 | (51 | ) | 2009 | 09/28/16 | 11
to 30 Years | |||||||||||||||||||
Childcare Network | Chattanooga, TN | (b) | 684 | 841 | — | 11 | 684 | 852 | 1,536 | (50 | ) | 1999 | 09/28/16 | 10
to 30 Years | |||||||||||||||||||
Childcare Network | Elon, NC | (d) | 486 | 846 | — | — | 486 | 846 | 1,332 | (65 | ) | 1998 | 12/02/16 | 4
to 30 Years | |||||||||||||||||||
Childcare Network | Winston-Salem, NC | (d) | 541 | 659 | — | — | 541 | 659 | 1,200 | (41 | ) | 1993 | 12/02/16 | 5
to 30 Years | |||||||||||||||||||
Childcare Network | Greensboro, NC | (d) | 360 | 540 | — | — | 360 | 540 | 900 | (26 | ) | 1949 | 12/02/16 | 9
to 30 Years | |||||||||||||||||||
Childcare Network | East Point, GA | (d) | 411 | 1,279 | — | — | 411 | 1,279 | 1,690 | (49 | ) | 2016 | 12/13/16 | 14
to 40 Years | |||||||||||||||||||
Childcare Network | Burlington, NC | (d) | 306 | 533 | — | — | 306 | 533 | 839 | (36 | ) | 1971 | 12/13/16 | 7
to 20 Years |
Children's Network | Pensacola, FL | (d) | 390 | 1,360 | — | — | 390 | 1,360 | 1,750 | (30 | ) | 2016 | 02/23/17 | 15
to 50 Years | |||||||||||||||||||
Childtime | Cuyahoga Falls, OH | (b) | 279 | 727 | — | — | 279 | 727 | 1,006 | (204 | ) | 1974 | 07/17/13 | 8
to 25 Years | |||||||||||||||||||
Childtime | Arlington, TX | (b) | 365 | 532 | — | — | 365 | 532 | 897 | (163 | ) | 2006 | 07/17/13 | 10
to 33 Years | |||||||||||||||||||
Childtime | Oklahoma City, OK | (b) | 290 | 341 | — | — | 290 | 341 | 631 | (116 | ) | 1985 | 07/17/13 | 11
to 19 Years | |||||||||||||||||||
Childtime | Rochester, NY | (b) | 242 | 539 | — | — | 242 | 539 | 781 | (130 | ) | 1981 | 07/17/13 | 8
to 28 Years | |||||||||||||||||||
Childtime | Modesto, CA | (b) | 386 | 664 | — | — | 386 | 664 | 1,050 | (183 | ) | 1986 | 07/17/13 | 9
to 22 Years | |||||||||||||||||||
Childtime | Morrisville, NC | (d) | 544 | 1,378 | — | — | 544 | 1,378 | 1,922 | (148 | ) | 2010 | 02/19/15 | 15
to 40 Years | |||||||||||||||||||
Chili's | Paris, TX | (d) | 552 | 1,821 | — | — | 552 | 1,821 | 2,373 | (311 | ) | 1999 | 07/17/13 | 11
to 35 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Chili's | Tilton,
NH | (d) | 1,565 | — | — | — | 1,565 | — | 1,565 | — | (f) | 07/17/13 | (f) | ||||||||||||||||||||
Church's
Chicken | Mansfield, OH | (a) | 225 | 327 | — | — | 225 | 327 | 552 | (204 | ) | 1972 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | Akron, OH | (a) | 247 | 198 | — | — | 247 | 198 | 445 | (152 | ) | 1971 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | Columbus, OH | (a) | 268 | 354 | — | — | 268 | 354 | 622 | (240 | ) | 1975 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | St. Louis, MO | (a) | 290 | 211 | — | — | 290 | 211 | 501 | (168 | ) | 1973 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | Columbus, OH | (a) | 294 | 262 | — | — | 294 | 262 | 556 | (195 | ) | 1976 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | Akron, OH | (a) | 218 | 273 | — | — | 218 | 273 | 491 | (182 | ) | 1976 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | St. Louis, MO | (a) | 231 | 337 | — | — | 231 | 337 | 568 | (216 | ) | 1972 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | Canton, OH | (a) | 215 | 483 | — | — | 215 | 483 | 698 | (277 | ) | 1974 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | St. Louis, MO | (a) | 189 | 227 | — | — | 189 | 227 | 416 | (161 | ) | 1972 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | Maplewood, MO | (a) | 180 | 225 | — | — | 180 | 225 | 405 | (153 | ) | 1980 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | Akron, OH | (a) | 310 | 394 | — | — | 310 | 394 | 704 | (257 | ) | 1982 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | Overland, MO | (a) | 278 | 494 | — | — | 278 | 494 | 772 | (305 | ) | 1972 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | Flint, MI | (a) | 340 | 258 | — | — | 340 | 258 | 598 | (193 | ) | 1979 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | St. Louis, MO | (a) | 464 | 218 | — | — | 464 | 218 | 682 | (192 | ) | 1978 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | Ferguson, MO | (a) | 293 | 212 | — | — | 293 | 212 | 505 | (164 | ) | 1974 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | Detroit, MI | (a) | 425 | 200 | — | — | 425 | 200 | 625 | (153 | ) | 1977 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | Normandy, MO | (a) | 265 | 329 | (6 | ) | — | 259 | 329 | 588 | (224 | ) | 1978 | 05/25/05 | 15
to 20 Years | ||||||||||||||||||
Church's Chicken | Detroit, MI | (a) | 351 | 209 | — | — | 351 | 209 | 560 | (155 | ) | 1977 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | Detroit, MI | (a) | 426 | 223 | — | — | 426 | 223 | 649 | (171 | ) | 1979 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | Warren, MI | (a) | 488 | 215 | — | — | 488 | 215 | 703 | (162 | ) | 1979 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | Detroit, MI | (a) | 413 | 235 | — | — | 413 | 235 | 648 | (174 | ) | 1977 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | Detroit, MI | (a) | 301 | 219 | — | — | 301 | 219 | 520 | (156 | ) | 1972 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | Detroit, MI | (a) | 270 | 305 | — | — | 270 | 305 | 575 | (189 | ) | 1976 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | Detroit, MI | (a) | 271 | 157 | — | — | 271 | 157 | 428 | (119 | ) | 1978 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | Detroit, MI | (a) | 385 | 258 | — | — | 385 | 258 | 643 | (195 | ) | 1979 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | Indianapolis, IN | (a) | 258 | 262 | — | — | 258 | 262 | 520 | (204 | ) | 1970 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | Indianapolis, IN | (a) | 266 | 310 | — | — | 266 | 310 | 576 | (218 | ) | 1971 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | Detroit, MI | (a) | 428 | 189 | — | — | 428 | 189 | 617 | (144 | ) | 1979 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | Indianapolis, IN | (a) | 170 | 749 | — | — | 170 | 749 | 919 | (427 | ) | 1983 | 05/25/05 | 15
to 20 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Church's
Chicken | Washington Park, IL | (a) | 119 | 324 | — | — | 119 | 324 | 443 | (208 | ) | 1980 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | Indianapolis, IN | (a) | 449 | 153 | — | — | 449 | 153 | 602 | (155 | ) | 1968 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | Gary, IN | (a) | 109 | 410 | — | — | 109 | 410 | 519 | (250 | ) | 1980 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | Harvey, IL | (a) | 361 | 269 | (80 | ) | — | 281 | 269 | 550 | (364 | ) | 1978 | 05/25/05 | 15
to 20 Years | ||||||||||||||||||
Church's Chicken | Indianapolis, IN | (a) | 370 | 150 | — | — | 370 | 150 | 520 | (138 | ) | 1970 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | Peoria, IL | (a) | 154 | 320 | — | — | 154 | 320 | 474 | (217 | ) | 1976 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | Gary, IN | (a) | 210 | 318 | — | — | 210 | 318 | 528 | (240 | ) | 1979 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | Gary, IN | (a) | 161 | 493 | — | — | 161 | 493 | 654 | (316 | ) | 1973 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | Chicago, IL | (a) | 313 | 275 | — | — | 313 | 275 | 588 | (170 | ) | 1982 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | Joliet, IL | (a) | 245 | 193 | — | — | 245 | 193 | 438 | (155 | ) | 1985 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | Chicago, IL | (a) | 340 | 220 | — | — | 340 | 220 | 560 | (159 | ) | 1975 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | Chicago, IL | (a) | 242 | 244 | — | — | 242 | 244 | 486 | (174 | ) | 1970 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | East St. Louis, IL | (a) | 117 | 334 | — | — | 117 | 334 | 451 | (158 | ) | 1990 | 05/25/05 | 15
to 30 Years | |||||||||||||||||||
Church's Chicken | Chicago, IL | (a) | 242 | 256 | — | — | 242 | 256 | 498 | (167 | ) | 1974 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | Chicago, IL | (a) | 532 | 279 | — | — | 532 | 279 | 811 | (184 | ) | 1982 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | Chicago, IL | (a) | 289 | 260 | — | — | 289 | 260 | 549 | (166 | ) | 1982 | 05/25/05 | 15
to 20 Years | |||||||||||||||||||
Church's Chicken | Birmingham, AL | (d) | 192 | 656 | — | — | 192 | 656 | 848 | (194 | ) | 1981 | 07/17/13 | 7
to 19 Years | |||||||||||||||||||
Church's Chicken | Birmingham, AL | (d) | 107 | 508 | — | — | 107 | 508 | 615 | (143 | ) | 1983 | 07/17/13 | 7
to 19 Years | |||||||||||||||||||
Church's Chicken | Birmingham, AL | (d) | 131 | 526 | — | — | 131 | 526 | 657 | (153 | ) | 1984 | 07/17/13 | 7
to 19 Years | |||||||||||||||||||
Church's Chicken | Greensboro, AL | (d) | 100 | 663 | — | — | 100 | 663 | 763 | (121 | ) | 1986 | 07/17/13 | 7
to 35 Years | |||||||||||||||||||
Church's Chicken | Montgomery, AL | (d) | 288 | 623 | — | — | 288 | 623 | 911 | (108 | ) | 1998 | 07/17/13 | 9
to 35 Years | |||||||||||||||||||
Church's Chicken | Montgomery, AL | (d) | 177 | 516 | — | — | 177 | 516 | 693 | (170 | ) | 1984 | 07/17/13 | 9
to 19 Years | |||||||||||||||||||
Church's Chicken | Montgomery, AL | (d) | 247 | 376 | — | — | 247 | 376 | 623 | (124 | ) | 1999 | 07/17/13 | 10
to 24 Years | |||||||||||||||||||
Church's Chicken | Montgomery, AL | (d) | 455 | 579 | — | — | 455 | 579 | 1,034 | (130 | ) | 1972 | 07/17/13 | 11
to 33 Years | |||||||||||||||||||
Church's Chicken | Montgomery, AL | (d) | 313 | 601 | — | — | 313 | 601 | 914 | (171 | ) | 1999 | 07/17/13 | 10
to 27 Years | |||||||||||||||||||
Church's Chicken | Phenix City, AL | (d) | 493 | 497 | — | — | 493 | 497 | 990 | (81 | ) | 1978 | 07/17/13 | 8
to 35 Years | |||||||||||||||||||
Church's Chicken | Talladega, AL | (d) | 247 | 245 | — | — | 247 | 245 | 492 | (117 | ) | 1998 | 07/17/13 | 11
to 21 Years | |||||||||||||||||||
Church's Chicken | Little Rock, AR | (d) | 99 | 500 | — | — | 99 | 500 | 599 | (100 | ) | 1970 | 07/17/13 | 8
to 30 Years | |||||||||||||||||||
Church's Chicken | Little Rock, AR | (d) | 332 | 432 | — | — | 332 | 432 | 764 | (78 | ) | 1971 | 07/17/13 | 9
to 35 Years | |||||||||||||||||||
Church's Chicken | Little Rock, AR | (d) | 263 | 492 | — | — | 263 | 492 | 755 | (92 | ) | 1975 | 07/17/13 | 9
to 35 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Church's
Chicken | North Little Rock, AR | (d) | 128 | 351 | — | — | 128 | 351 | 479 | (85 | ) | 1999 | 07/17/13 | 10
to 28 Years | |||||||||||||||||||
Church's Chicken | Pine Bluff, AR | (d) | 854 | 431 | — | — | 854 | 431 | 1,285 | (75 | ) | 1971 | 07/17/13 | 7
to 35 Years | |||||||||||||||||||
Church's Chicken | Nogales, AZ | (d) | 207 | 448 | — | — | 207 | 448 | 655 | (111 | ) | 1976 | 07/17/13 | 11
to 25 Years | |||||||||||||||||||
Church's Chicken | Phoenix, AZ | (d) | 523 | 97 | — | — | 523 | 97 | 620 | (60 | ) | 1976 | 07/17/13 | 9
to 16 Years | |||||||||||||||||||
Church's Chicken | Phoenix, AZ | (d) | 321 | 276 | — | — | 321 | 276 | 597 | (96 | ) | 1975 | 07/17/13 | 10
to 20 Years | |||||||||||||||||||
Church's Chicken | Phoenix, AZ | (d) | 384 | 528 | — | — | 384 | 528 | 912 | (117 | ) | 1974 | 07/17/13 | 11
to 27 Years | |||||||||||||||||||
Church's Chicken | Phoenix, AZ | (d) | 368 | 267 | — | — | 368 | 267 | 635 | (72 | ) | 1974 | 07/17/13 | 11
to 23 Years | |||||||||||||||||||
Church's Chicken | Phoenix, AZ | (d) | 415 | 403 | — | — | 415 | 403 | 818 | (89 | ) | 1975 | 07/17/13 | 8
to 27 Years | |||||||||||||||||||
Church's Chicken | Phoenix, AZ | (d) | 599 | 412 | — | — | 599 | 412 | 1,011 | (87 | ) | 1980 | 07/17/13 | 10
to 35 Years | |||||||||||||||||||
Church's Chicken | Phoenix, AZ | (d) | 400 | 120 | — | — | 400 | 120 | 520 | (65 | ) | 1977 | 07/17/13 | 11
to 13 Years | |||||||||||||||||||
Church's Chicken | Oro Valley, AZ | (d) | 262 | 193 | — | — | 262 | 193 | 455 | (79 | ) | 1983 | 07/17/13 | 11
to 23 Years | |||||||||||||||||||
Church's Chicken | Tucson, AZ | (d) | 191 | 552 | — | — | 191 | 552 | 743 | (93 | ) | 1981 | 07/17/13 | 11
to 35 Years | |||||||||||||||||||
Church's Chicken | Tucson, AZ | (d) | 349 | 479 | — | — | 349 | 479 | 828 | (93 | ) | 1976 | 07/17/13 | 11
to 35 Years | |||||||||||||||||||
Church's Chicken | Tucson, AZ | (d) | 221 | 434 | — | — | 221 | 434 | 655 | (94 | ) | 1980 | 07/17/13 | 11
to 27 Years | |||||||||||||||||||
Church's Chicken | Americus, GA | (d) | 282 | 406 | — | — | 282 | 406 | 688 | (127 | ) | 1978 | 07/17/13 | 11
to 23 Years | |||||||||||||||||||
Church's Chicken | Atlanta, GA | (d) | 336 | 346 | — | — | 336 | 346 | 682 | (132 | ) | 1981 | 07/17/13 | 11
to 22 Years | |||||||||||||||||||
Church's Chicken | Atlanta, GA | (d) | 554 | 258 | — | — | 554 | 258 | 812 | (109 | ) | 1980 | 07/17/13 | 11
to 23 Years | |||||||||||||||||||
Church's Chicken | Atlanta, GA | (d) | 683 | 5 | — | — | 683 | 5 | 688 | (63 | ) | 1975 | 07/17/13 | 11
to 23 Years | |||||||||||||||||||
Church's Chicken | Atlanta, GA | (d) | 394 | 268 | — | — | 394 | 268 | 662 | (136 | ) | 1975 | 07/17/13 | 11
to 16 Years | |||||||||||||||||||
Church's Chicken | Columbus, GA | (d) | 640 | 403 | — | — | 640 | 403 | 1,043 | (131 | ) | 1983 | 07/17/13 | 11
to 23 Years | |||||||||||||||||||
Church's Chicken | Columbus, GA | (d) | 342 | 49 | — | — | 342 | 49 | 391 | (69 | ) | 1978 | 07/17/13 | 9
to 23 Years | |||||||||||||||||||
Church's Chicken | Cordele, GA | (d) | 459 | 181 | — | — | 459 | 181 | 640 | (68 | ) | 1980 | 07/17/13 | 11
to 35 Years | |||||||||||||||||||
Church's Chicken | Decatur, GA | (d) | 459 | 133 | — | — | 459 | 133 | 592 | (70 | ) | 1974 | 07/17/13 | 11
to 20 Years | |||||||||||||||||||
Church's Chicken | Decatur, GA | (d) | 566 | 49 | — | — | 566 | 49 | 615 | (100 | ) | 1979 | 07/17/13 | 3
to 11 Years | |||||||||||||||||||
Church's Chicken | Decatur, GA | (d) | 570 | 30 | — | — | 570 | 30 | 600 | (61 | ) | 1981 | 07/17/13 | 7
to 25 Years | |||||||||||||||||||
Church's Chicken | East Point, GA | (d) | 429 | 245 | — | — | 429 | 245 | 674 | (125 | ) | 1977 | 07/17/13 | 11
to 19 Years | |||||||||||||||||||
Church's Chicken | Fort Valley, GA | (d) | 353 | 379 | — | — | 353 | 379 | 732 | (137 | ) | 1985 | 07/17/13 | 11
to 23 Years | |||||||||||||||||||
Church's Chicken | Griffin, GA | (d) | 215 | 492 | — | — | 215 | 492 | 707 | (126 | ) | 1978 | 07/17/13 | 11
to 25 Years | |||||||||||||||||||
Church's Chicken | LaGrange, GA | (d) | 555 | 44 | — | — | 555 | 44 | 599 | (175 | ) | 1978 | 07/17/13 | 7
to 30 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Church's
Chicken | Macon, GA | (d) | 291 | 628 | — | — | 291 | 628 | 919 | (110 | ) | 1983 | 07/17/13 | 10
to 35 Years | |||||||||||||||||||
Church's Chicken | Macon, GA | (d) | 185 | 553 | — | — | 185 | 553 | 738 | (115 | ) | 1980 | 07/17/13 | 11
to 30 Years | |||||||||||||||||||
Church's Chicken | Marietta, GA | (d) | 350 | 173 | — | — | 350 | 173 | 523 | (86 | ) | 1976 | 07/17/13 | 11
to 20 Years | |||||||||||||||||||
Church's Chicken | Kansas City, MO | (d) | 312 | 574 | — | — | 312 | 574 | 886 | (117 | ) | 1996 | 07/17/13 | 10
to 30 Years | |||||||||||||||||||
Church's Chicken | Kansas City, MO | (d) | 348 | 730 | — | — | 348 | 730 | 1,078 | (131 | ) | 1996 | 07/17/13 | 10
to 35 Years | |||||||||||||||||||
Church's Chicken | Kansas City, MO | (d) | 462 | 673 | — | — | 462 | 673 | 1,135 | (123 | ) | 1996 | 07/17/13 | 10
to 35 Years | |||||||||||||||||||
Church's Chicken | Kansas City, MO | (d) | 135 | 616 | — | — | 135 | 616 | 751 | (137 | ) | 1996 | 07/17/13 | 10
to 25 Years | |||||||||||||||||||
Church's Chicken | Kansas City, MO | (d) | 310 | 580 | — | — | 310 | 580 | 890 | (118 | ) | 1996 | 07/17/13 | 10
to 31 Years | |||||||||||||||||||
Church's Chicken | Kansas City, MO | (d) | 189 | 837 | — | — | 189 | 837 | 1,026 | (186 | ) | 1996 | 07/17/13 | 9
to 25 Years | |||||||||||||||||||
Church's Chicken | Fort Worth, TX | (d) | 157 | 263 | — | — | 157 | 263 | 420 | (92 | ) | 1965 | 07/17/13 | 11
to 20 Years | |||||||||||||||||||
Church's Chicken | Gulfport, MS | (d) | 540 | 429 | — | — | 540 | 429 | 969 | (73 | ) | 1971 | 07/17/13 | 11
to 35 Years | |||||||||||||||||||
Church's Chicken | Jackson, MS | (d) | 215 | 476 | — | — | 215 | 476 | 691 | (114 | ) | 1977 | 07/17/13 | 11
to 25 Years | |||||||||||||||||||
Church's Chicken | Jackson, MS | (d) | 996 | 610 | — | — | 996 | 610 | 1,606 | (125 | ) | 1978 | 07/17/13 | 11
to 35 Years | |||||||||||||||||||
Church's Chicken | Jackson, MS | (d) | 195 | 582 | — | — | 195 | 582 | 777 | (115 | ) | 2000 | 07/17/13 | 11
to 30 Years | |||||||||||||||||||
Church's Chicken | Jackson, MS | (d) | 447 | 555 | — | — | 447 | 555 | 1,002 | (123 | ) | 1998 | 07/17/13 | 11
to 35 Years | |||||||||||||||||||
Church's Chicken | Laurel, MS | (d) | 690 | 290 | — | — | 690 | 290 | 980 | (96 | ) | 1971 | 07/17/13 | 11
to 24 Years | |||||||||||||||||||
Church's Chicken | Vicksburg, MS | (d) | 278 | 333 | — | — | 278 | 333 | 611 | (99 | ) | 1972 | 07/17/13 | 11
to 25 Years | |||||||||||||||||||
Church's Chicken | Albuquerque, NM | (d) | 265 | 575 | — | — | 265 | 575 | 840 | (156 | ) | 1980 | 07/17/13 | 11
to 26 Years | |||||||||||||||||||
Church's Chicken | Albuquerque, NM | (d) | 466 | 591 | — | — | 466 | 591 | 1,057 | (121 | ) | 1976 | 07/17/13 | 11
to 35 Years | |||||||||||||||||||
Church's Chicken | Albuquerque, NM | (d) | 267 | 439 | — | — | 267 | 439 | 706 | (135 | ) | 1975 | 07/17/13 | 11
to 25 Years | |||||||||||||||||||
Church's Chicken | Albuquerque, NM | (d) | 293 | 300 | — | — | 293 | 300 | 593 | (114 | ) | 1976 | 07/17/13 | 11
to 25 Years | |||||||||||||||||||
Church's Chicken | Hobbs, NM | (d) | 706 | 534 | — | — | 706 | 534 | 1,240 | (117 | ) | 1974 | 07/17/13 | 11
to 35 Years | |||||||||||||||||||
Church's Chicken | Roswell, NM | (d) | 343 | 321 | — | — | 343 | 321 | 664 | (123 | ) | 1974 | 07/17/13 | 11
to 23 Years | |||||||||||||||||||
Church's Chicken | Altus, OK | (d) | 70 | 413 | — | — | 70 | 413 | 483 | (97 | ) | 1980 | 07/17/13 | 7
to 25 Years | |||||||||||||||||||
Church's Chicken | Oklahoma City, OK | (d) | 223 | 469 | — | — | 223 | 469 | 692 | (142 | ) | 1998 | 07/17/13 | 8
to 22 Years | |||||||||||||||||||
Church's Chicken | Midwest City, OK | (d) | 318 | 623 | — | — | 318 | 623 | 941 | (112 | ) | 1985 | 07/17/13 | 9
to 35 Years | |||||||||||||||||||
Church's Chicken | Oklahoma City, OK | (d) | 200 | 428 | — | — | 200 | 428 | 628 | (109 | ) | 1971 | 07/17/13 | 9
to 25 Years | |||||||||||||||||||
Church's Chicken | Tulsa, OK | (d) | 767 | 466 | — | — | 767 | 466 | 1,233 | (96 | ) | 1976 | 07/17/13 | 8
to 35 Years | |||||||||||||||||||
Church's Chicken | Tulsa, OK | (d) | 315 | 717 | — | — | 315 | 717 | 1,032 | (123 | ) | 1976 | 07/17/13 | 10
to 35 Years | |||||||||||||||||||
Church's Chicken | The Village, OK | (d) | 211 | 650 | — | — | 211 | 650 | 861 | (108 | ) | 1978 | 07/17/13 | 9
to 35 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Church's
Chicken | Memphis, TN | (d) | 128 | 232 | — | — | 128 | 232 | 360 | (78 | ) | 1971 | 07/17/13 | 8
to 20 Years | |||||||||||||||||||
Church's Chicken | Memphis, TN | (d) | 156 | 351 | — | — | 156 | 351 | 507 | (98 | ) | 1971 | 07/17/13 | 7
to 25 Years | |||||||||||||||||||
Church's Chicken | Memphis, TN | (d) | 288 | 278 | — | — | 288 | 278 | 566 | (115 | ) | 1976 | 07/17/13 | 6
to 20 Years | |||||||||||||||||||
Church's Chicken | Memphis, TN | (d) | 206 | 471 | — | — | 206 | 471 | 677 | (115 | ) | 1979 | 07/17/13 | 10
to 25 Years | |||||||||||||||||||
Church's Chicken | Memphis, TN | (d) | 163 | 295 | — | — | 163 | 295 | 458 | (84 | ) | 1979 | 07/17/13 | 10
to 25 Years | |||||||||||||||||||
Church's Chicken | Memphis, TN | (d) | 212 | 245 | — | — | 212 | 245 | 457 | (97 | ) | 1971 | 07/17/13 | 7
to 25 Years | |||||||||||||||||||
Church's Chicken | Memphis, TN | (d) | 180 | 316 | — | — | 180 | 316 | 496 | (98 | ) | 1971 | 07/17/13 | 7
to 20 Years | |||||||||||||||||||
Church's Chicken | Memphis, TN | (d) | 264 | 592 | — | — | 264 | 592 | 856 | (115 | ) | 1971 | 07/17/13 | 11
to 35 Years | |||||||||||||||||||
Church's Chicken | Memphis, TN | (d) | 426 | 608 | — | — | 426 | 608 | 1,034 | (129 | ) | 1971 | 07/17/13 | 11
to 32 Years | |||||||||||||||||||
Church's Chicken | Abilene, TX | (d) | 198 | 311 | — | — | 198 | 311 | 509 | (78 | ) | 1975 | 07/17/13 | 10
to 26 Years | |||||||||||||||||||
Church's Chicken | Alamo, TX | (d) | 1,745 | 715 | — | — | 1,745 | 715 | 2,460 | (113 | ) | 1984 | 07/17/13 | 9
to 35 Years | |||||||||||||||||||
Church's Chicken | Austin, TX | (d) | 531 | 794 | — | — | 531 | 794 | 1,325 | (138 | ) | 1967 | 07/17/13 | 11
to 32 Years | |||||||||||||||||||
Church's Chicken | Austin, TX | (d) | 904 | 477 | — | — | 904 | 477 | 1,381 | (88 | ) | 1976 | 07/17/13 | 11
to 35 Years | |||||||||||||||||||
Church's Chicken | Austin, TX | (d) | 418 | 872 | — | — | 418 | 872 | 1,290 | (140 | ) | 1986 | 07/17/13 | 11
to 35 Years | |||||||||||||||||||
Church's Chicken | Austin, TX | (d) | 689 | 634 | — | — | 689 | 634 | 1,323 | (139 | ) | 2003 | 07/17/13 | 11
to 35 Years | |||||||||||||||||||
Church's Chicken | Balch Springs, TX | (d) | 329 | 576 | — | — | 329 | 576 | 905 | (147 | ) | 1986 | 07/17/13 | 11
to 31 Years | |||||||||||||||||||
Church's Chicken | Beeville, TX | (d) | 120 | 488 | — | — | 120 | 488 | 608 | (123 | ) | 1972 | 07/17/13 | 9
to 25 Years | |||||||||||||||||||
Church's Chicken | Brownsville, TX | (d) | 795 | 556 | — | — | 795 | 556 | 1,351 | (93 | ) | 1977 | 07/17/13 | 10
to 35 Years | |||||||||||||||||||
Church's Chicken | Brownsville, TX | (d) | 667 | 785 | — | — | 667 | 785 | 1,452 | (129 | ) | 1985 | 07/17/13 | 10
to 35 Years | |||||||||||||||||||
Church's Chicken | Brownsville, TX | (d) | 369 | 679 | — | — | 369 | 679 | 1,048 | (125 | ) | 1972 | 07/17/13 | 11
to 35 Years | |||||||||||||||||||
Church's Chicken | Brownsville, TX | (d) | 267 | 652 | — | — | 267 | 652 | 919 | (105 | ) | 2000 | 07/17/13 | 10
to 35 Years | |||||||||||||||||||
Church's Chicken | Brownsville, TX | (d) | 430 | 656 | — | — | 430 | 656 | 1,086 | (171 | ) | 1985 | 07/17/13 | 11
to 29 Years | |||||||||||||||||||
Church's Chicken | Brownsville, TX | (d) | 571 | 930 | — | — | 571 | 930 | 1,501 | (181 | ) | 2002 | 07/17/13 | 11
to 35 Years | |||||||||||||||||||
Church's Chicken | Bryan, TX | (d) | 441 | 766 | — | — | 441 | 766 | 1,207 | (116 | ) | 1972 | 07/17/13 | 10
to 35 Years | |||||||||||||||||||
Church's Chicken | Carrolton, TX | (d) | 361 | 415 | — | — | 361 | 415 | 776 | (128 | ) | 1997 | 07/17/13 | 11
to 25 Years | |||||||||||||||||||
Church's Chicken | Cleburne, TX | (d) | 129 | 482 | — | — | 129 | 482 | 611 | (119 | ) | 1997 | 07/17/13 | 9
to 25 Years | |||||||||||||||||||
Church's Chicken | Copperas Cove, TX | (d) | 186 | 249 | — | — | 186 | 249 | 435 | (70 | ) | 1973 | 07/17/13 | 11
to 23 Years | |||||||||||||||||||
Church's Chicken | Dallas, TX | (d) | 88 | 215 | — | — | 88 | 215 | 303 | (77 | ) | 1980 | 07/17/13 | 9
to 19 Years | |||||||||||||||||||
Church's Chicken | Dallas, TX | (d) | 249 | 431 | — | — | 249 | 431 | 680 | (81 | ) | 1985 | 07/17/13 | 9
to 33 Years | |||||||||||||||||||
Church's Chicken | Dallas, TX | (d) | 164 | 431 | — | — | 164 | 431 | 595 | (127 | ) | 1968 | 07/17/13 | 10
to 18 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Church's
Chicken | Dallas, TX | (d) | 174 | 450 | — | — | 174 | 450 | 624 | (107 | ) | 1969 | 07/17/13 | 10
to 26 Years | |||||||||||||||||||
Church's Chicken | Dallas, TX | (d) | 315 | 209 | — | — | 315 | 209 | 524 | (64 | ) | 1999 | 07/17/13 | 10
to 25 Years | |||||||||||||||||||
Church's Chicken | Dallas, TX | (d) | 392 | 501 | — | — | 392 | 501 | 893 | (109 | ) | 1985 | 07/17/13 | 11
to 30 Years | |||||||||||||||||||
Church's Chicken | Donna, TX | (d) | 1,091 | 540 | — | — | 1,091 | 540 | 1,631 | (104 | ) | 1984 | 07/17/13 | 10
to 35 Years | |||||||||||||||||||
Church's Chicken | Eagle Pass, TX | (d) | 597 | 385 | — | — | 597 | 385 | 982 | (84 | ) | 1977 | 07/17/13 | 9
to 35 Years | |||||||||||||||||||
Church's Chicken | Edinburg, TX | (d) | 624 | 888 | — | — | 624 | 888 | 1,512 | (149 | ) | 1985 | 07/17/13 | 11
to 35 Years | |||||||||||||||||||
Church's Chicken | Elsa, TX | (d) | 1,159 | 141 | — | — | 1,159 | 141 | 1,300 | (53 | ) | 1984 | 07/17/13 | 11
to 35 Years | |||||||||||||||||||
Church's Chicken | Floresville, TX | (d) | 109 | 555 | — | — | 109 | 555 | 664 | (131 | ) | 1985 | 07/17/13 | 9
to 25 Years | |||||||||||||||||||
Church's Chicken | Fort Worth, TX | (d) | 164 | 573 | — | — | 164 | 573 | 737 | (122 | ) | 1965 | 07/17/13 | 11
to 25 Years | |||||||||||||||||||
Church's Chicken | Fort Worth, TX | (d) | 200 | 643 | — | — | 200 | 643 | 843 | (132 | ) | 1979 | 07/17/13 | 11
to 30 Years | |||||||||||||||||||
Church's Chicken | Fort Worth, TX | (d) | 356 | 572 | — | — | 356 | 572 | 928 | (111 | ) | 1970 | 07/17/13 | 11
to 35 Years | |||||||||||||||||||
Church's Chicken | Fort Worth, TX | (d) | 187 | 539 | — | — | 187 | 539 | 726 | (104 | ) | 1984 | 07/17/13 | 11
to 35 Years | |||||||||||||||||||
Church's Chicken | Garland, TX | (d) | 141 | 455 | — | — | 141 | 455 | 596 | (107 | ) | 1986 | 07/17/13 | 10
to 25 Years | |||||||||||||||||||
Church's Chicken | Grand Prairie, TX | (d) | 335 | 527 | — | — | 335 | 527 | 862 | (101 | ) | 1980 | 07/17/13 | 10
to 35 Years | |||||||||||||||||||
Church's Chicken | Grand Prairie, TX | (d) | 147 | 535 | — | — | 147 | 535 | 682 | (111 | ) | 1985 | 07/17/13 | 11
to 30 Years | |||||||||||||||||||
Church's Chicken | Greenville, TX | (d) | 325 | 441 | — | — | 325 | 441 | 766 | (79 | ) | 1972 | 07/17/13 | 10
to 35 Years | |||||||||||||||||||
Church's Chicken | Haltom City, TX | (d) | 571 | 425 | — | — | 571 | 425 | 996 | (86 | ) | 2007 | 07/17/13 | 11
to 35 Years | |||||||||||||||||||
Church's Chicken | Harlingen, TX | (d) | 923 | 753 | — | — | 923 | 753 | 1,676 | (120 | ) | 1985 | 07/17/13 | 10
to 35 Years | |||||||||||||||||||
Church's Chicken | Harlingen, TX | (d) | 226 | 519 | — | — | 226 | 519 | 745 | (115 | ) | 1973 | 07/17/13 | 11
to 30 Years | |||||||||||||||||||
Church's Chicken | Hidalgo, TX | (d) | 352 | 1,043 | — | — | 352 | 1,043 | 1,395 | (183 | ) | 2001 | 07/17/13 | 10
to 31 Years | |||||||||||||||||||
Church's Chicken | Irving, TX | (d) | 463 | 338 | — | — | 463 | 338 | 801 | (61 | ) | 1967 | 07/17/13 | 10
to 35 Years | |||||||||||||||||||
Church's Chicken | Killeen, TX | (d) | 289 | 513 | — | — | 289 | 513 | 802 | (93 | ) | 1974 | 07/17/13 | 9
to 35 Years | |||||||||||||||||||
Church's Chicken | Kingsville, TX | (d) | 263 | 461 | — | — | 263 | 461 | 724 | (86 | ) | 1977 | 07/17/13 | 9
to 35 Years | |||||||||||||||||||
Church's Chicken | Kirby, TX | (d) | 224 | 262 | — | — | 224 | 262 | 486 | (89 | ) | 1985 | 07/17/13 | 9
to 18 Years | |||||||||||||||||||
Church's Chicken | La Feria, TX | (d) | 369 | 941 | — | — | 369 | 941 | 1,310 | (153 | ) | 2003 | 07/17/13 | 11
to 35 Years | |||||||||||||||||||
Church's Chicken | Laredo, TX | (d) | 272 | 713 | — | — | 272 | 713 | 985 | (110 | ) | 1966 | 07/17/13 | 11
to 35 Years | |||||||||||||||||||
Church's Chicken | Laredo, TX | (d) | 727 | 698 | — | — | 727 | 698 | 1,425 | (114 | ) | 1968 | 07/17/13 | 11
to 35 Years | |||||||||||||||||||
Church's Chicken | Lewisville, TX | (d) | 913 | 470 | — | — | 913 | 470 | 1,383 | (109 | ) | 1976 | 07/17/13 | 8
to 35 Years | |||||||||||||||||||
Church's Chicken | Lubbock, TX | (d) | 325 | 794 | — | — | 325 | 794 | 1,119 | (147 | ) | 2004 | 07/17/13 | 11
to 34 Years | |||||||||||||||||||
Church's Chicken | McAllen, TX | (d) | 747 | 408 | — | — | 747 | 408 | 1,155 | (74 | ) | 1992 | 07/17/13 | 10
to 35 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Church's
Chicken | McAllen, TX | (d) | 601 | 539 | — | — | 601 | 539 | 1,140 | (103 | ) | 1985 | 07/17/13 | 11
to 35 Years | |||||||||||||||||||
Church's Chicken | Mercedes, TX | (d) | 535 | 575 | — | — | 535 | 575 | 1,110 | (105 | ) | 1982 | 07/17/13 | 11
to 35 Years | |||||||||||||||||||
Church's Chicken | Mesquite, TX | (d) | 234 | 459 | — | — | 234 | 459 | 693 | (115 | ) | 2001 | 07/17/13 | 11
to 28 Years | |||||||||||||||||||
Church's Chicken | Midland, TX | (d) | 195 | 432 | — | — | 195 | 432 | 627 | (78 | ) | 1972 | 07/17/13 | 9
to 35 Years | |||||||||||||||||||
Church's Chicken | Mission, TX | (d) | 577 | 598 | — | — | 577 | 598 | 1,175 | (110 | ) | 1981 | 07/17/13 | 9
to 35 Years | |||||||||||||||||||
Church's Chicken | New Braunfels, TX | (d) | 302 | 526 | — | — | 302 | 526 | 828 | (125 | ) | 1973 | 07/17/13 | 10
to 27 Years | |||||||||||||||||||
Church's Chicken | Odessa, TX | (d) | 597 | 443 | — | — | 597 | 443 | 1,040 | (92 | ) | 1979 | 07/17/13 | 10
to 35 Years | |||||||||||||||||||
Church's Chicken | Odessa, TX | (d) | 670 | 563 | — | — | 670 | 563 | 1,233 | (108 | ) | 1972 | 07/17/13 | 10
to 35 Years | |||||||||||||||||||
Church's Chicken | Pharr, TX | (d) | 694 | 441 | — | — | 694 | 441 | 1,135 | (117 | ) | 1997 | 07/17/13 | 10
to 26 Years | |||||||||||||||||||
Church's Chicken | Pleasanton, TX | (d) | 230 | 1,052 | — | — | 230 | 1,052 | 1,282 | (176 | ) | 1985 | 07/17/13 | 11
to 35 Years |
Church's
Chicken | Port Isabel, TX | (d) | 348 | 672 | — | — | 348 | 672 | 1,020 | (132 | ) | 2004 | 07/17/13 | 11
to 31 Years | |||||||||||||||||||
Church's Chicken | Port Lavaca, TX | (d) | 339 | 594 | — | — | 339 | 594 | 933 | (126 | ) | 1985 | 07/17/13 | 11
to 28 Years | |||||||||||||||||||
Church's Chicken | Raymondville, TX | (d) | 660 | 455 | — | — | 660 | 455 | 1,115 | (104 | ) | 1984 | 07/17/13 | 9
to 35 Years | |||||||||||||||||||
Church's Chicken | Richland Hills, TX | (d) | 229 | 199 | — | — | 229 | 199 | 428 | (62 | ) | 1999 | 07/17/13 | 10
to 25 Years | |||||||||||||||||||
Church's Chicken | Rio Grand City, TX | (d) | 1,746 | 554 | — | — | 1,746 | 554 | 2,300 | (102 | ) | 1984 | 07/17/13 | 12
to 35 Years | |||||||||||||||||||
Church's Chicken | Roma, TX | (d) | 478 | 855 | — | — | 478 | 855 | 1,333 | (159 | ) | 1985 | 07/17/13 | 11
to 35 Years | |||||||||||||||||||
Church's Chicken | San Antonio, TX | (d) | 205 | 1,042 | — | — | 205 | 1,042 | 1,247 | (265 | ) | 1976 | 07/17/13 | 10
to 20 Years | |||||||||||||||||||
Church's Chicken | San Antonio, TX | (d) | 685 | 257 | — | — | 685 | 257 | 942 | (57 | ) | 1976 | 07/17/13 | 9
to 35 Years | |||||||||||||||||||
Church's Chicken | San Antonio, TX | (d) | 592 | 336 | — | — | 592 | 336 | 928 | (72 | ) | 1968 | 07/17/13 | 9
to 35 Years | |||||||||||||||||||
Church's Chicken | San Antonio, TX | (d) | 79 | 347 | — | — | 79 | 347 | 426 | (61 | ) | 1977 | 07/17/13 | 9
to 33 Years | |||||||||||||||||||
Church's Chicken | San Antonio, TX | (d) | 395 | 414 | — | — | 395 | 414 | 809 | (111 | ) | 1984 | 07/17/13 | 11
to 25 Years | |||||||||||||||||||
Church's Chicken | San Antonio, TX | (d) | 544 | 521 | — | — | 544 | 521 | 1,065 | (100 | ) | 1967 | 07/17/13 | 11
to 33 Years | |||||||||||||||||||
Church's Chicken | San Antonio, TX | (d) | 375 | 282 | — | — | 375 | 282 | 657 | (93 | ) | 1965 | 07/17/13 | 9
to 21 Years | |||||||||||||||||||
Church's Chicken | San Antonio, TX | (d) | 331 | 449 | — | — | 331 | 449 | 780 | (113 | ) | 1983 | 07/17/13 | 10
to 25 Years | |||||||||||||||||||
Church's Chicken | San Antonio, TX | (d) | 283 | 573 | — | — | 283 | 573 | 856 | (138 | ) | 1971 | 07/17/13 | 11
to 33 Years | |||||||||||||||||||
Church's Chicken | San Antonio, TX | (d) | 369 | 226 | — | — | 369 | 226 | 595 | (61 | ) | 1986 | 07/17/13 | 10
to 25 Years | |||||||||||||||||||
Church's Chicken | San Antonio, TX | (d) | 397 | 700 | — | — | 397 | 700 | 1,097 | (127 | ) | 1984 | 07/17/13 | 11
to 35 Years | |||||||||||||||||||
Church's Chicken | San Antonio, TX | (d) | 279 | 261 | — | — | 279 | 261 | 540 | (70 | ) | 1976 | 07/17/13 | 11
to 32 Years | |||||||||||||||||||
Church's Chicken | San Benito, TX | (d) | 1,641 | 688 | — | — | 1,641 | 688 | 2,329 | (113 | ) | 1977 | 07/17/13 | 9
to 35 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Church's
Chicken | Temple, TX | (d) | 705 | 493 | — | — | 705 | 493 | 1,198 | (86 | ) | 1983 | 07/17/13 | 10
to 35 Years | |||||||||||||||||||
Church's Chicken | Tyler, TX | (d) | 227 | 527 | — | — | 227 | 527 | 754 | (92 | ) | 1976 | 07/17/13 | 11
to 35 Years | |||||||||||||||||||
Church's Chicken | Universal City, TX | (d) | 408 | 369 | — | — | 408 | 369 | 777 | (108 | ) | 1989 | 07/17/13 | 9
to 25 Years | |||||||||||||||||||
Church's Chicken | Victoria, TX | (d) | 129 | 490 | — | — | 129 | 490 | 619 | (113 | ) | 1985 | 07/17/13 | 11
to 28 Years | |||||||||||||||||||
Church's Chicken | Victoria, TX | (d) | 367 | 182 | — | — | 367 | 182 | 549 | (62 | ) | 1984 | 07/17/13 | 11
to 22 Years | |||||||||||||||||||
Church's Chicken | Waco, TX | (d) | 365 | 542 | — | — | 365 | 542 | 907 | (87 | ) | 1969 | 07/17/13 | 10
to 35 Years | |||||||||||||||||||
Church's Chicken | Weslaco, TX | (d) | 860 | 513 | — | — | 860 | 513 | 1,373 | (93 | ) | 1990 | 07/17/13 | 11
to 35 Years | |||||||||||||||||||
Church's Chicken | Weslaco, TX | (d) | 291 | 786 | — | — | 291 | 786 | 1,077 | (172 | ) | 1970 | 07/17/13 | 11
to 25 Years | |||||||||||||||||||
Church's Chicken | Norfolk, VA | (d) | 373 | 517 | — | — | 373 | 517 | 890 | (169 | ) | 1988 | 07/17/13 | 7
to 20 Years | |||||||||||||||||||
Church's Chicken | Portsmouth, VA | (d) | 574 | 419 | — | — | 574 | 419 | 993 | (121 | ) | 1988 | 07/17/13 | 10
to 25 Years | |||||||||||||||||||
Cinemark | Tucson, AZ | (d) | 4,023 | 10,346 | — | 52 | 4,023 | 10,398 | 14,421 | (280 | ) | 2016 | 02/21/17 | 15
to 50 Years | |||||||||||||||||||
Circle K | Akron, OH | (d) | 424 | 1,139 | — | — | 424 | 1,139 | 1,563 | (243 | ) | 1995 | 07/17/13 | 13
to 30 Years | |||||||||||||||||||
Circle K | Cuyahoga Falls, OH | (d) | 657 | 1,018 | — | — | 657 | 1,018 | 1,675 | (267 | ) | 1995 | 07/17/13 | 13
to 30 Years | |||||||||||||||||||
Circle K | Cleveland, OH | (d) | 804 | 1,513 | — | — | 804 | 1,513 | 2,317 | (306 | ) | 2002 | 07/17/13 | 13
to 35 Years | |||||||||||||||||||
Circle K | Akron, OH | (d) | 587 | 1,073 | — | — | 587 | 1,073 | 1,660 | (255 | ) | 1998 | 07/17/13 | 13
to 32 Years | |||||||||||||||||||
Circle K | Augusta, GA | (d) | 400 | 1,540 | — | — | 400 | 1,540 | 1,940 | (281 | ) | 1981 | 07/17/13 | 13
to 30 Years | |||||||||||||||||||
Circle K | Auburn, AL | (d) | 757 | 1,199 | — | — | 757 | 1,199 | 1,956 | (314 | ) | 1990 | 07/17/13 | 10
to 25 Years | |||||||||||||||||||
Circle K | El Paso, TX | (d) | 1,143 | 1,029 | — | — | 1,143 | 1,029 | 2,172 | (558 | ) | 2000 | 07/17/13 | 4
to 27 Years | |||||||||||||||||||
Circle K | Fort Mill, SC | (d) | 1,589 | 1,356 | — | — | 1,589 | 1,356 | 2,945 | (275 | ) | 1999 | 07/17/13 | 10
to 33 Years | |||||||||||||||||||
Circle K | Mount Pleasant, SC | (d) | 1,328 | 1,073 | — | — | 1,328 | 1,073 | 2,401 | (220 | ) | 1978 | 07/17/13 | 7
to 30 Years | |||||||||||||||||||
Circle K | Goose Creek, SC | (d) | 682 | 1,571 | — | — | 682 | 1,571 | 2,253 | (425 | ) | 1983 | 07/17/13 | 7
to 20 Years | |||||||||||||||||||
Circle K | Akron, OH | (d) | 500 | 2,058 | — | — | 500 | 2,058 | 2,558 | (359 | ) | 1999 | 07/17/13 | 15
to 33 Years | |||||||||||||||||||
Circle K | Akron, OH | (d) | 337 | 1,149 | — | — | 337 | 1,149 | 1,486 | (207 | ) | 2001 | 07/17/13 | 15
to 35 Years | |||||||||||||||||||
Circle K | Parma, OH | (d) | 437 | 1,166 | — | — | 437 | 1,166 | 1,603 | (206 | ) | 2002 | 07/17/13 | 15
to 35 Years | |||||||||||||||||||
Circle K | Twinsburg, OH | (d) | 556 | 1,317 | — | — | 556 | 1,317 | 1,873 | (247 | ) | 2005 | 07/17/13 | 15
to 37 Years | |||||||||||||||||||
Circle K | Cuyahoga Falls, OH | (d) | 958 | 1,416 | — | — | 958 | 1,416 | 2,374 | (330 | ) | 2002 | 07/17/13 | 15
to 35 Years | |||||||||||||||||||
Circle K | Charlotte, NC | (d) | 1,508 | 749 | (128 | ) | — | 1,380 | 749 | 2,129 | (205 | ) | 1996 | 07/17/13 | 9
to 35 Years | ||||||||||||||||||
Circle K | Savannah, GA | (d) | 1,001 | 847 | — | — | 1,001 | 847 | 1,848 | (265 | ) | 1997 | 07/17/13 | 8
to 37 Years | |||||||||||||||||||
Circle K | Phenix City, AL | (d) | 554 | 1,392 | — | — | 554 | 1,392 | 1,946 | (295 | ) | 1999 | 07/17/13 | 13
to 33 Years | |||||||||||||||||||
Circle K | Macon, GA | (d) | 470 | 1,226 | — | — | 470 | 1,226 | 1,696 | (324 | ) | 1974 | 07/17/13 | 7
to 35 Years | |||||||||||||||||||
Circle K | Lanett, AL | (d) | 299 | 844 | — | — | 299 | 844 | 1,143 | (203 | ) | 1974 | 07/17/13 | 10
to 25 Years | |||||||||||||||||||
Circle K | Monroe, LA | (d) | 517 | 1,455 | — | — | 517 | 1,455 | 1,972 | (409 | ) | 1986 | 07/17/13 | 6
to 28 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Circle
K | Akron, OH | (d) | 595 | 1,031 | — | — | 595 | 1,031 | 1,626 | (243 | ) | 1995 | 07/17/13 | 14
to 30 Years | |||||||||||||||||||
Circle K | Akron, OH | (d) | 554 | 824 | — | — | 554 | 824 | 1,378 | (176 | ) | 1969 | 07/17/13 | 14
to 38 Years | |||||||||||||||||||
Circle K | Akron, OH | (d) | 517 | 1,122 | — | — | 517 | 1,122 | 1,639 | (257 | ) | 1994 | 07/17/13 | 13
to 29 Years | |||||||||||||||||||
Circle K | Barberton, OH | (d) | 255 | 1,244 | — | — | 255 | 1,244 | 1,499 | (265 | ) | 1991 | 07/17/13 | 12
to 26 Years | |||||||||||||||||||
Circle K | Charlotte, NC | (d) | 1,442 | 789 | — | — | 1,442 | 789 | 2,231 | (263 | ) | 1997 | 07/17/13 | 8
to 35 Years | |||||||||||||||||||
Circle K | Savannah, GA | (d) | 831 | 869 | — | — | 831 | 869 | 1,700 | (219 | ) | 1990 | 07/17/13 | 14
to 30 Years | |||||||||||||||||||
Circle K | Columbus, GA | (d) | 711 | 943 | — | — | 711 | 943 | 1,654 | (208 | ) | 1990 | 07/17/13 | 13
to 32 Years | |||||||||||||||||||
Circle K | Columbus, GA | (d) | 574 | 1,039 | — | — | 574 | 1,039 | 1,613 | (211 | ) | 1984 | 07/17/13 | 13
to 32 Years | |||||||||||||||||||
Circle K | Opelika, AL | (d) | 960 | 1,716 | — | — | 960 | 1,716 | 2,676 | (469 | ) | 1988 | 07/17/13 | 10
to 25 Years | |||||||||||||||||||
Circle K | Baton Rouge, LA | (d) | 260 | 859 | — | — | 260 | 859 | 1,119 | (206 | ) | 1976 | 07/17/13 | 7
to 25 Years | |||||||||||||||||||
Circle K | West Monroe, LA | (d) | 686 | 981 | — | — | 686 | 981 | 1,667 | (542 | ) | 1983 | 07/17/13 | 5
to 25 Years | |||||||||||||||||||
Circle K | Copley, OH | (d) | 379 | 999 | — | — | 379 | 999 | 1,378 | (236 | ) | 1993 | 07/17/13 | 12
to 28 Years | |||||||||||||||||||
Circle K | Akron, OH | (d) | 283 | 1,160 | — | — | 283 | 1,160 | 1,443 | (217 | ) | 1997 | 07/17/13 | 14
to 32 Years | |||||||||||||||||||
Circle K | Akron, OH | (d) | 434 | 1,198 | — | — | 434 | 1,198 | 1,632 | (266 | ) | 1994 | 07/17/13 | 14
to 29 Years | |||||||||||||||||||
Circle K | Kent, OH | (d) | 258 | 917 | — | — | 258 | 917 | 1,175 | (190 | ) | 1994 | 07/17/13 | 13
to 29 Years | |||||||||||||||||||
Circle K | Huntersville, NC | (d) | 1,539 | 924 | — | — | 1,539 | 924 | 2,463 | (344 | ) | 1996 | 07/17/13 | 8
to 35 Years | |||||||||||||||||||
Circle K | Springdale, SC | (d) | 794 | 767 | — | — | 794 | 767 | 1,561 | (174 | ) | 1999 | 07/17/13 | 13
to 33 Years | |||||||||||||||||||
Circle K | Charleston, SC | (d) | 1,547 | 1,242 | — | — | 1,547 | 1,242 | 2,789 | (403 | ) | 1987 | 07/17/13 | 7
to 20 Years | |||||||||||||||||||
Circle K | Port Wentworth, GA | (d) | 1,627 | 1,131 | — | — | 1,627 | 1,131 | 2,758 | (663 | ) | 1991 | 07/17/13 | 4
to 35 Years | |||||||||||||||||||
Circle K | Columbus, GA | (d) | 867 | 2,299 | — | — | 867 | 2,299 | 3,166 | (442 | ) | 1978 | 07/17/13 | 13
to 30 Years | |||||||||||||||||||
Circle K | Baton Rouge, LA | (d) | 330 | 997 | — | — | 330 | 997 | 1,327 | (206 | ) | 1970 | 07/17/13 | 8
to 30 Years | |||||||||||||||||||
Circle K | Cuyahoga Falls, OH | (d) | 342 | 806 | — | — | 342 | 806 | 1,148 | (199 | ) | 1972 | 07/17/13 | 12
to 26 Years | |||||||||||||||||||
Circle K | Akron, OH | (d) | 343 | 1,193 | — | — | 343 | 1,193 | 1,536 | (236 | ) | 1991 | 07/17/13 | 15
to 31 Years | |||||||||||||||||||
Circle K | Akron, OH | (d) | 513 | 1,251 | — | — | 513 | 1,251 | 1,764 | (257 | ) | 1996 | 07/17/13 | 15
to 31 Years | |||||||||||||||||||
Circle K | Bedford, OH | (d) | 750 | 680 | — | — | 750 | 680 | 1,430 | (191 | ) | 2000 | 07/17/13 | 15
to 33 Years | |||||||||||||||||||
Circle K | El Paso, TX | (d) | 987 | 558 | — | — | 987 | 558 | 1,545 | (224 | ) | 1999 | 07/17/13 | 3
to 26 Years | |||||||||||||||||||
Circle K | Valley, AL | (d) | 754 | 804 | — | — | 754 | 804 | 1,558 | (214 | ) | 1974 | 07/17/13 | 9
to 25 Years | |||||||||||||||||||
Circle K | Midland, GA | (d) | 637 | 2,136 | — | — | 637 | 2,136 | 2,773 | (343 | ) | 1995 | 07/17/13 | 9
to 35 Years | |||||||||||||||||||
Circle K | Columbus, GA | (d) | 1,465 | 2,088 | — | — | 1,465 | 2,088 | 3,553 | (434 | ) | 1995 | 07/17/13 | 11
to 34 Years | |||||||||||||||||||
Circle K | Baton Rouge, LA | (d) | 481 | 913 | — | — | 481 | 913 | 1,394 | (222 | ) | 1977 | 07/17/13 | 8
to 30 Years | |||||||||||||||||||
Circle K | Akron, OH | (d) | 321 | 1,179 | — | — | 321 | 1,179 | 1,500 | (239 | ) | 1994 | 07/17/13 | 13
to 29 Years | |||||||||||||||||||
Circle K | Barberton, OH | (d) | 884 | 1,885 | — | — | 884 | 1,885 | 2,769 | (389 | ) | 1981 | 07/17/13 | 13
to 34 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Circle
K | Norton, OH | (d) | 581 | 1,460 | — | — | 581 | 1,460 | 2,041 | (285 | ) | 1984 | 07/17/13 | 13
to 35 Years | |||||||||||||||||||
Circle K | Willoughby, OH | (d) | 477 | 1,167 | — | — | 477 | 1,167 | 1,644 | (237 | ) | 1986 | 07/17/13 | 13
to 32 Years | |||||||||||||||||||
Circle K | Columbia, SC | (d) | 1,261 | 985 | — | — | 1,261 | 985 | 2,246 | (251 | ) | 1993 | 07/17/13 | 10
to 28 Years | |||||||||||||||||||
Circle K | El Paso, TX | (d) | 1,090 | 1,203 | — | — | 1,090 | 1,203 | 2,293 | (426 | ) | 1999 | 07/17/13 | 6
to 35 Years | |||||||||||||||||||
Circle K | Martinez, GA | (d) | 626 | 996 | — | — | 626 | 996 | 1,622 | (487 | ) | 1985 | 07/17/13 | 3
to 35 Years | |||||||||||||||||||
Circle K | Pine Mountain, GA | (d) | 454 | 1,627 | — | — | 454 | 1,627 | 2,081 | (309 | ) | 1999 | 07/17/13 | 10
to 37 Years | |||||||||||||||||||
Circle K | Beaufort, SC | (d) | 850 | 1,337 | — | — | 850 | 1,337 | 2,187 | (294 | ) | 1997 | 07/17/13 | 12
to 34 Years | |||||||||||||||||||
Circle K | West Monroe, LA | (d) | 425 | 1,558 | — | — | 425 | 1,558 | 1,983 | (483 | ) | 1999 | 07/17/13 | 3
to 35 Years | |||||||||||||||||||
Circle K | Akron, OH | (d) | 402 | 1,263 | — | — | 402 | 1,263 | 1,665 | (228 | ) | 2000 | 07/17/13 | 13
to 34 Years | |||||||||||||||||||
Circle K | Akron, OH | (d) | 291 | 1,230 | — | — | 291 | 1,230 | 1,521 | (278 | ) | 1950 | 07/17/13 | 12
to 25 Years | |||||||||||||||||||
Circle K | Canton, OH | (d) | 362 | 1,159 | — | — | 362 | 1,159 | 1,521 | (265 | ) | 1990 | 07/17/13 | 12
to 26 Years | |||||||||||||||||||
Circle K | Maple Heights, OH | (d) | 747 | 917 | — | — | 747 | 917 | 1,664 | (231 | ) | 1998 | 07/17/13 | 13
to 32 Years | |||||||||||||||||||
Circle K | Brookpark, OH | (d) | 623 | 978 | — | — | 623 | 978 | 1,601 | (223 | ) | 1998 | 07/17/13 | 13
to 32 Years | |||||||||||||||||||
Circle K | Charlotte, NC | (d) | 1,392 | 563 | — | — | 1,392 | 563 | 1,955 | (316 | ) | 1991 | 07/17/13 | 6
to 32 Years | |||||||||||||||||||
Circle K | Mobile, AL | (d) | 552 | 1,664 | — | — | 552 | 1,664 | 2,216 | (407 | ) | 1987 | 07/17/13 | 11
to 24 Years | |||||||||||||||||||
Circle K | Bluffton, SC | (d) | 1,531 | 645 | — | — | 1,531 | 645 | 2,176 | (205 | ) | 1997 | 07/17/13 | 10
to 32 Years | |||||||||||||||||||
Circle K | Macon, GA | (d) | 471 | 1,066 | — | — | 471 | 1,066 | 1,537 | (351 | ) | 1993 | 07/17/13 | 5
to 35 Years |
Circle K | Mobile, AL | (d) | 939 | 878 | — | — | 939 | 878 | 1,817 | (280 | ) | 1988 | 07/17/13 | 13
to 25 Years | |||||||||||||||||||
Circle K | Shreveport, LA | (d) | 369 | 1,183 | — | — | 369 | 1,183 | 1,552 | (320 | ) | 1988 | 07/17/13 | 4
to 25 Years | |||||||||||||||||||
Circle K | Seville, OH | (d) | 1,141 | 2,604 | — | — | 1,141 | 2,604 | 3,745 | (503 | ) | 2003 | 07/17/13 | 15
to 36 Years | |||||||||||||||||||
Circle K | Barberton, OH | (d) | 321 | 1,219 | — | — | 321 | 1,219 | 1,540 | (232 | ) | 1983 | 07/17/13 | 14
to 31 Years | |||||||||||||||||||
Circle K | Fairlawn, OH | (d) | 616 | 1,064 | — | — | 616 | 1,064 | 1,680 | (262 | ) | 1993 | 07/17/13 | 13
to 28 Years | |||||||||||||||||||
Circle K | Canton, OH | (d) | 1,037 | 1,557 | — | — | 1,037 | 1,557 | 2,594 | (376 | ) | 2000 | 07/17/13 | 15
to 34 Years | |||||||||||||||||||
Circle K | Northfield, OH | (d) | 873 | 1,633 | — | — | 873 | 1,633 | 2,506 | (354 | ) | 1983 | 07/17/13 | 15
to 35 Years | |||||||||||||||||||
Circle K | Columbus, GA | (d) | 730 | 1,317 | — | — | 730 | 1,317 | 2,047 | (295 | ) | 1978 | 07/17/13 | 13
to 28 Years | |||||||||||||||||||
Circle K | Opelika, AL | (d) | 400 | 1,321 | — | — | 400 | 1,321 | 1,721 | (309 | ) | 1989 | 07/17/13 | 10
to 24 Years | |||||||||||||||||||
Circle K | Albuquerque, NM | (d) | 699 | 777 | — | — | 699 | 777 | 1,476 | (311 | ) | 1994 | 07/17/13 | 9
to 35 Years | |||||||||||||||||||
Circle K | North Augusta, SC | (d) | 1,065 | 894 | — | — | 1,065 | 894 | 1,959 | (189 | ) | 1999 | 07/17/13 | 12
to 33 Years | |||||||||||||||||||
Circle K | Bossier City, LA | (d) | 565 | 1,051 | (21 | ) | — | 544 | 1,051 | 1,595 | (249 | ) | 1987 | 07/17/13 | 9
to 25 Years | ||||||||||||||||||
CircusTrix | Clovis, CA | (d) | 1,117 | 26 | — | 238 | 1,117 | 264 | 1,381 | (3 | ) | 2017 | 12/06/16 | 10
to 10 Years | |||||||||||||||||||
Clean Freak | Phoenix, AZ | (d) | 2,066 | 1,581 | — | — | 2,066 | 1,581 | 3,647 | (111 | ) | 2009 | 09/29/16 | 21
to 30 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Clean
Freak | Phoenix, AZ | (d) | 1,143 | 439 | — | — | 1,143 | 439 | 1,582 | (41 | ) | 1970 | 09/29/16 | 21
to 30 Years | |||||||||||||||||||
Clean Freak | Chandler, AZ | (d) | 1,293 | 1,951 | — | — | 1,293 | 1,951 | 3,244 | (116 | ) | 2006 | 09/29/16 | 21
to 30 Years | |||||||||||||||||||
Clean Freak | Phoenix, AZ | (d) | 1,835 | 2,332 | — | 54 | 1,835 | 2,386 | 4,221 | (143 | ) | 1974 | 09/29/16 | 21
to 30 Years | |||||||||||||||||||
Clean Freak | Glendale, AZ | (d) | 1,524 | 854 | — | — | 1,524 | 854 | 2,378 | (78 | ) | 1988 | 09/29/16 | 21
to 30 Years | |||||||||||||||||||
Columbus Arts & Tech Academy | Columbus, OH | (a) | 417 | 5,100 | — | 849 | 417 | 5,949 | 6,366 | (2,489 | ) | 1980 | 03/17/06 | 13
to 30 Years | |||||||||||||||||||
Columbus Fish Market | Grandview, OH | (b) | 2,164 | 1,165 | — | — | 2,164 | 1,165 | 3,329 | (397 | ) | 1960 | 07/17/13 | 9
to 23 Years | |||||||||||||||||||
Columbus Preparatory Academy | Columbus, OH | (a) | 1,069 | 3,363 | 330 | 1,340 | 1,399 | 4,703 | 6,102 | (2,875 | ) | 2004 | 03/17/06 | 13
to 20 Years | |||||||||||||||||||
ConForm Automotive | Sidney, OH | (a) | 921 | 4,177 | — | — | 921 | 4,177 | 5,098 | (2,525 | ) | 1987 | 12/22/05 | 12
to 20 Years | |||||||||||||||||||
Convergys | Las Cruces, NM | (d) | 808 | 6,045 | — | — | 808 | 6,045 | 6,853 | (908 | ) | 2008 | 07/17/13 | 4
to 52 Years | |||||||||||||||||||
Cost-U-Less | St. Croix, VI | (d) | 2,132 | 5,992 | — | — | 2,132 | 5,992 | 8,124 | (1,002 | ) | 2005 | 07/17/13 | 8
to 37 Years | |||||||||||||||||||
Courthouse Athletic Club | Salem, OR | (a) | 941 | 2,620 | 1,018 | 5,042 | 1,959 | 7,662 | 9,621 | (2,483 | ) | 1996 | 12/01/05 | 15
to 40 Years | |||||||||||||||||||
Courthouse Athletic Club | Salem, OR | (a) | 1,509 | 5,635 | — | — | 1,509 | 5,635 | 7,144 | (1,864 | ) | 2001 | 12/01/05 | 15
to 40 Years | |||||||||||||||||||
Courthouse Athletic Club | Salem, OR | (a) | 1,214 | 4,911 | — | — | 1,214 | 4,911 | 6,125 | (1,652 | ) | 1980 | 12/01/05 | 15
to 40 Years | |||||||||||||||||||
Courthouse Athletic Club | Keizer, OR | (a) | 1,208 | 4,089 | — | — | 1,208 | 4,089 | 5,297 | (1,361 | ) | 1988 | 12/01/05 | 15
to 40 Years | |||||||||||||||||||
Courthouse Athletic Club | Salem, OR | (a) | 1,589 | 3,834 | — | — | 1,589 | 3,834 | 5,423 | (1,721 | ) | 1977 | 12/01/05 | 15
to 30 Years | |||||||||||||||||||
CoxHealth | Springfield, MO | (d) | 2,025 | 3,911 | — | — | 2,025 | 3,911 | 5,936 | (660 | ) | 1990 | 09/23/14 | 7
to 30 Years | |||||||||||||||||||
Crème de la Crème | Lone Tree, CO | (a) | 2,020 | 3,748 | — | — | 2,020 | 3,748 | 5,768 | (1,697 | ) | 1999 | 09/29/05 | 15
to 30 Years | |||||||||||||||||||
Crème de la Crème | Warrenville, IL | (a) | 2,542 | 3,813 | — | — | 2,542 | 3,813 | 6,355 | (1,881 | ) | 1999 | 09/29/05 | 15
to 30 Years | |||||||||||||||||||
Crème de la Crème | Leawood, KS | (a) | 1,854 | 3,914 | — | — | 1,854 | 3,914 | 5,768 | (1,846 | ) | 1999 | 09/29/05 | 15
to 30 Years | |||||||||||||||||||
Crème de la Crème | Westmont, IL | (a) | 1,375 | 5,087 | — | — | 1,375 | 5,087 | 6,462 | (1,584 | ) | 2003 | 12/28/05 | 15
to 40 Years | |||||||||||||||||||
Crème de la Crème | Romeoville, IL | (a) | 1,684 | 5,676 | (1 | ) | — | 1,683 | 5,676 | 7,359 | (1,449 | ) | 2008 | 11/07/08 | 14
to 49 Years | ||||||||||||||||||
Crème de la Crème | Duluth, GA | (a) | 2,289 | 4,274 | — | — | 2,289 | 4,274 | 6,563 | (1,889 | ) | 2007 | 12/23/08 | 13
to 48 Years | |||||||||||||||||||
Crème de la Crème | Mount Laurel, NJ | (a) | 1,404 | 5,655 | — | — | 1,404 | 5,655 | 7,059 | (1,566 | ) | 2007 | 05/01/09 | 13
to 48 Years | |||||||||||||||||||
Crème de la Crème | Chicago, IL | (a) | 5,057 | 5,939 | — | — | 5,057 | 5,939 | 10,996 | (577 | ) | 2009 | 05/30/14 | 15
to 40 Years | |||||||||||||||||||
Crème de la Crème | Barrington, IL | (a) | 1,180 | 5,939 | — | — | 1,180 | 5,939 | 7,119 | (620 | ) | 2008 | 05/30/14 | 15
to 40 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Crown
Distributing LLC | Arlington, WA | (d) | 1,860 | 10,402 | — | — | 1,860 | 10,402 | 12,262 | (967 | ) | 2002 | 11/21/14 | 7
to 40 Years | |||||||||||||||||||
Crunch Fitness | Aurora, IL | (b) | 668 | 2,615 | — | 23 | 668 | 2,638 | 3,306 | (133 | ) | 2006 | 11/29/16 | 9
to 30 Years | |||||||||||||||||||
Crunch Fitness | Eagle, ID | (d) | 1,428 | 5,591 | — | 430 | 1,428 | 6,021 | 7,449 | (228 | ) | 1999 | 12/28/16 | 10
to 30 Years | |||||||||||||||||||
Crunch Fitness | Boise, ID | (d) | 1,335 | 4,982 | — | 305 | 1,335 | 5,287 | 6,622 | (206 | ) | 2001 | 12/28/16 | 8
to 30 Years | |||||||||||||||||||
Crunch Fitness | Boise, ID | (d) | 823 | 3,178 | — | 313 | 823 | 3,491 | 4,314 | (103 | ) | 2003 | 12/28/16 | 10
to 40 Years | |||||||||||||||||||
Crunch Fitness | Meridian, ID | (d) | 840 | 2,950 | — | 273 | 840 | 3,223 | 4,063 | (114 | ) | 1993 | 12/28/16 | 8
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Daleville, VA | (d) | 467 | 616 | — | — | 467 | 616 | 1,083 | (79 | ) | 1989 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Forest, VA | (d) | 248 | 834 | — | — | 248 | 834 | 1,082 | (89 | ) | 1995 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Rustburg, VA | (d) | 526 | 775 | — | — | 526 | 775 | 1,301 | (106 | ) | 1990 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Madison Heights, VA | (d) | 268 | 417 | — | — | 268 | 417 | 685 | (51 | ) | 1983 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Lynchburg, VA | (d) | 467 | 1,391 | — | — | 467 | 1,391 | 1,858 | (142 | ) | 2006 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Altavista, VA | (d) | 358 | 1,401 | — | — | 358 | 1,401 | 1,759 | (140 | ) | 1981 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Altavista, VA | (d) | 467 | 745 | — | — | 467 | 745 | 1,212 | (90 | ) | 1984 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | South Boston, VA | (d) | 377 | 705 | — | — | 377 | 705 | 1,082 | (75 | ) | 1988 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Blairs, VA | (d) | 318 | 636 | — | — | 318 | 636 | 954 | (70 | ) | 1987 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Beattyville, KY | (d) | 278 | 795 | — | — | 278 | 795 | 1,073 | (84 | ) | 1981 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Winchester, KY | (d) | 755 | 775 | — | — | 755 | 775 | 1,530 | (104 | ) | 1981 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Irvine, KY | (d) | 219 | 666 | — | — | 219 | 666 | 885 | (80 | ) | 1987 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Paris, KY | (d) | 129 | 636 | — | — | 129 | 636 | 765 | (65 | ) | 1988 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Carlisle, KY | (d) | 209 | 586 | — | — | 209 | 586 | 795 | (67 | ) | 1989 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Georgetown, KY | (d) | 725 | 805 | — | — | 725 | 805 | 1,530 | (103 | ) | 1989 | 06/30/15 | 15
to 30 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
C-Store
(GPM Investments, LLC) | Georgetown, KY | (d) | 815 | 934 | — | — | 815 | 934 | 1,749 | (116 | ) | 1998 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Mount Sterling, KY | (d) | 1,103 | 1,103 | — | — | 1,103 | 1,103 | 2,206 | (150 | ) | 2000 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Harrodsburg, KY | (d) | 228 | 824 | — | — | 228 | 824 | 1,052 | (89 | ) | 1973 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Carlisle, KY | (d) | 298 | 874 | — | — | 298 | 874 | 1,172 | (101 | ) | 2005 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Salem, VA | (d) | 209 | 576 | — | — | 209 | 576 | 785 | (66 | ) | 1970 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Salem, VA | (d) | 646 | 517 | — | — | 646 | 517 | 1,163 | (73 | ) | 1987 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Roanoke, VA | (d) | 238 | 497 | — | — | 238 | 497 | 735 | (53 | ) | 1988 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Roanoke, VA | (d) | 616 | 534 | — | — | 616 | 534 | 1,150 | (76 | ) | 1988 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Bedford, VA | (d) | 258 | 818 | — | — | 258 | 818 | 1,076 | (88 | ) | 1997 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Lynchburg, VA | (d) | 278 | 699 | — | — | 278 | 699 | 977 | (70 | ) | 1967 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Gretna, VA | (d) | 268 | 798 | — | — | 268 | 798 | 1,066 | (93 | ) | 1978 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Lynchburg, VA | (d) | 517 | 1,142 | — | — | 517 | 1,142 | 1,659 | (128 | ) | 2000 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Moneta, VA | (d) | 437 | 934 | — | — | 437 | 934 | 1,371 | (118 | ) | 1999 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Hurt, VA | (d) | 685 | 1,023 | — | — | 685 | 1,023 | 1,708 | (133 | ) | 1973 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | South Boston, VA | (d) | 407 | 834 | — | — | 407 | 834 | 1,241 | (89 | ) | 1983 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | South Boston, VA | (d) | 894 | 1,232 | — | — | 894 | 1,232 | 2,126 | (147 | ) | 1997 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Gretna, VA | (d) | 159 | 1,083 | — | — | 159 | 1,083 | 1,242 | (108 | ) | 1996 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Danville, VA | (d) | 348 | 477 | — | — | 348 | 477 | 825 | (61 | ) | 1989 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | South Boston, VA | (d) | 368 | 517 | — | — | 368 | 517 | 885 | (71 | ) | 1997 | 06/30/15 | 15
to 30 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
C-Store
(GPM Investments, LLC) | Jackson, KY | (d) | 417 | 765 | — | — | 417 | 765 | 1,182 | (89 | ) | 1982 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | McKee, KY | (d) | 119 | 973 | — | — | 119 | 973 | 1,092 | (91 | ) | 1983 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Paris, KY | (d) | 209 | 576 | — | — | 209 | 576 | 785 | (66 | ) | 1992 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Cynthiana, KY | (d) | 119 | 596 | — | — | 119 | 596 | 715 | (61 | ) | 1985 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Campton, KY | (d) | 189 | 735 | — | — | 189 | 735 | 924 | (78 | ) | 1996 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Flemingsburg, KY | (d) | 1,073 | 1,212 | — | — | 1,073 | 1,212 | 2,285 | (161 | ) | 1997 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Clay City, KY | (d) | 397 | 884 | — | — | 397 | 884 | 1,281 | (120 | ) | 2002 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Hazard, KY | (d) | 288 | 805 | — | — | 288 | 805 | 1,093 | (87 | ) | 1991 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Roanoke, VA | (d) | 397 | 785 | — | — | 397 | 785 | 1,182 | (90 | ) | 1986 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Salem, VA | (d) | 387 | 1,172 | — | — | 387 | 1,172 | 1,559 | (124 | ) | 1973 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Roanoke, VA | (d) | 397 | 685 | — | — | 397 | 685 | 1,082 | (82 | ) | 1997 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Greenville, MI | (d) | 437 | 628 | — | 194 | 437 | 822 | 1,259 | (60 | ) | 1968 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Spring Lake, MI | (d) | 247 | 325 | — | 190 | 247 | 515 | 762 | (43 | ) | 1964 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Hastings, MI | (d) | 392 | 437 | — | 190 | 392 | 627 | 1,019 | (57 | ) | 1964 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Zeeland, MI | (d) | 213 | 426 | — | — | 213 | 426 | 639 | (35 | ) | 1989 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Holland, MI | (d) | 235 | 325 | — | — | 235 | 325 | 560 | (31 | ) | 1957 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Eaton Rapids, MI | (d) | 291 | 448 | — | — | 291 | 448 | 739 | (47 | ) | 1945 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Fremont, MI | (d) | 269 | 269 | — | — | 269 | 269 | 538 | (34 | ) | 1971 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Sparta, MI | (d) | 291 | 650 | — | — | 291 | 650 | 941 | (53 | ) | 1993 | 05/19/16 | 17
to 30 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
C-Store
(GPM Investments, LLC) | Three Rivers, MI | (d) | 1,256 | 1,401 | — | — | 1,256 | 1,401 | 2,657 | (133 | ) | 1982 | 05/19/16 | 20
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Jackson, MI | (d) | 684 | 1,188 | — | — | 684 | 1,188 | 1,872 | (100 | ) | 1963 | 05/19/16 | 17
to 30 Years |
C-Store (GPM Investments, LLC) | Jackson,
MI | (d) | 908 | 1,132 | — | — | 908 | 1,132 | 2,040 | (107 | ) | 1969 | 05/19/16 | 21
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Cedar Springs, MI | (d) | 191 | 348 | — | — | 191 | 348 | 539 | (31 | ) | 1965 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Burton, MI | (d) | 336 | 1,323 | — | — | 336 | 1,323 | 1,659 | (90 | ) | 1969 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Cadillac, MI | (d) | 370 | 404 | — | — | 370 | 404 | 774 | (43 | ) | 1971 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Swartz Creek, MI | (d) | 213 | 460 | — | — | 213 | 460 | 673 | (39 | ) | 1952 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Grayling, MI | (d) | 2,052 | 549 | — | — | 2,052 | 549 | 2,601 | (102 | ) | 1988 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Plainwell, MI | (d) | 785 | 235 | — | — | 785 | 235 | 1,020 | (56 | ) | 1998 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Lansing, MI | (d) | 336 | 168 | — | — | 336 | 168 | 504 | (33 | ) | 1978 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Menominee, MI | (d) | 235 | 179 | — | — | 235 | 179 | 414 | (25 | ) | 1966 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Marquette, MI | (d) | 404 | 146 | — | — | 404 | 146 | 550 | (23 | ) | 1968 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Scottville, MI | (d) | 235 | 404 | — | — | 235 | 404 | 639 | (41 | ) | 1959 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Saginaw, MI | (d) | 1,177 | 594 | — | — | 1,177 | 594 | 1,771 | (81 | ) | 1989 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Sault Ste Marie, MI | (d) | 1,760 | 561 | — | — | 1,760 | 561 | 2,321 | (92 | ) | 1993 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Lansing, MI | (d) | 269 | 179 | — | — | 269 | 179 | 448 | (27 | ) | 1965 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Merrillville, IN | (d) | 303 | 247 | — | — | 303 | 247 | 550 | (33 | ) | 1973 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Stevensville, MI | (d) | 482 | 191 | — | — | 482 | 191 | 673 | (41 | ) | 1960 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Charlotte, MI | (d) | 224 | 157 | — | — | 224 | 157 | 381 | (26 | ) | 1968 | 05/19/16 | 17
to 30 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
C-Store
(GPM Investments, LLC) | Franklin, IN | (d) | 303 | 213 | — | — | 303 | 213 | 516 | (29 | ) | 1969 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Muncie, IN | (d) | 448 | 135 | — | — | 448 | 135 | 583 | (31 | ) | 1983 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Freeland, MI | (d) | 336 | 437 | — | — | 336 | 437 | 773 | (44 | ) | 1962 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Midland, MI | (d) | 314 | 135 | — | — | 314 | 135 | 449 | (26 | ) | 1960 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Saginaw, MI | (d) | 224 | 135 | — | — | 224 | 135 | 359 | (22 | ) | 1960 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Coldwater, MI | (d) | 258 | 135 | — | — | 258 | 135 | 393 | (23 | ) | 1960 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Jackson, MI | (d) | 247 | 179 | — | — | 247 | 179 | 426 | (28 | ) | 1965 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Midland, MI | (d) | 191 | 67 | — | — | 191 | 67 | 258 | (16 | ) | 1962 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Hillsdale, MI | (d) | 325 | 157 | — | — | 325 | 157 | 482 | (25 | ) | 1968 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Mason, MI | (d) | 258 | 157 | — | — | 258 | 157 | 415 | (27 | ) | 1971 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Allegan, MI | (d) | 392 | 224 | — | — | 392 | 224 | 616 | (39 | ) | 1965 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Connersville, IN | (d) | 336 | 179 | — | — | 336 | 179 | 515 | (25 | ) | 1993 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Indianapolis, IN | (d) | 426 | 191 | — | — | 426 | 191 | 617 | (31 | ) | 1973 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Monticello, IN | (d) | 235 | 202 | — | — | 235 | 202 | 437 | (28 | ) | 1970 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Frankfort, IN | (d) | 258 | 202 | — | — | 258 | 202 | 460 | (28 | ) | 1970 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Grand Rapids, MI | (d) | 224 | 123 | — | — | 224 | 123 | 347 | (17 | ) | 1957 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Grand Haven, MI | (d) | 661 | 628 | — | — | 661 | 628 | 1,289 | (63 | ) | 1992 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Indianapolis, IN | (d) | 325 | 157 | — | — | 325 | 157 | 482 | (23 | ) | 1945 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Indianapolis, IN | (d) | 247 | 146 | — | — | 247 | 146 | 393 | (20 | ) | 1972 | 05/19/16 | 17
to 30 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
C-Store
(GPM Investments, LLC) | Alpena, MI | (d) | 392 | 336 | — | — | 392 | 336 | 728 | (37 | ) | 1998 | 05/19/16 | 17
to 40 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Alpena, MI | (d) | 471 | 561 | — | — | 471 | 561 | 1,032 | (48 | ) | 1999 | 05/19/16 | 17
to 40 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Alma, MI | (d) | 235 | 437 | — | — | 235 | 437 | 672 | (38 | ) | 2006 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Edmore, MI | (d) | 729 | 774 | — | — | 729 | 774 | 1,503 | (88 | ) | 1999 | 05/19/16 | 17
to 40 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Ithaca, MI | (d) | 538 | 381 | — | — | 538 | 381 | 919 | (52 | ) | 1994 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Saginaw, MI | (d) | 359 | 191 | — | — | 359 | 191 | 550 | (23 | ) | 1969 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Traverse City, MI | (d) | 482 | 179 | — | — | 482 | 179 | 661 | (24 | ) | 1971 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Norton Shores, MI | (d) | 325 | 291 | — | — | 325 | 291 | 616 | (39 | ) | 1962 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Coopersville, MI | (d) | 998 | 572 | — | — | 998 | 572 | 1,570 | (71 | ) | 1968 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Muskegon, MI | (d) | 605 | 650 | — | — | 605 | 650 | 1,255 | (66 | ) | 1959 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Muskegon, MI | (d) | 291 | 471 | — | — | 291 | 471 | 762 | (48 | ) | 1964 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Rushville, IN | (d) | 179 | 112 | — | — | 179 | 112 | 291 | (17 | ) | 1978 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | St Johns, MI | (d) | 460 | 706 | — | — | 460 | 706 | 1,166 | (71 | ) | 2011 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (GPM Investments, LLC) | Wyoming, MI | (d) | 314 | 448 | — | — | 314 | 448 | 762 | (38 | ) | 1958 | 05/19/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (Irving Oil Marketing, Inc.) | Sherman Mills, ME | (d) | 259 | 163 | — | — | 259 | 163 | 422 | (77 | ) | 1974 | 06/28/12 | 15
to 20 Years | |||||||||||||||||||
C-Store (Irving Oil Marketing, Inc.) | Bangor, ME | (d) | 327 | 141 | — | — | 327 | 141 | 468 | (91 | ) | 1973 | 06/28/12 | 15
to 15 Years | |||||||||||||||||||
C-Store (Irving Oil Marketing, Inc.) | Calais, ME | (d) | 187 | 213 | — | — | 187 | 213 | 400 | (83 | ) | 1968 | 06/28/12 | 15
to 20 Years | |||||||||||||||||||
C-Store (Irving Oil Marketing, Inc.) | Brewer, ME | (d) | 238 | 260 | — | — | 238 | 260 | 498 | (89 | ) | 1967 | 06/28/12 | 15
to 25 Years | |||||||||||||||||||
C-Store (Irving Oil Marketing, Inc.) | Harrington, ME | (d) | 331 | 459 | — | — | 331 | 459 | 790 | (138 | ) | 1992 | 06/28/12 | 15
to 32 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
C-Store
(Irving Oil Marketing, Inc.) | Lewiston, ME | (d) | 460 | 341 | — | — | 460 | 341 | 801 | (118 | ) | 1994 | 06/28/12 | 15
to 28 Years | |||||||||||||||||||
C-Store (Irving Oil Marketing, Inc.) | Rockland, ME | (d) | 211 | 303 | — | — | 211 | 303 | 514 | (82 | ) | 1984 | 06/28/12 | 15
to 28 Years | |||||||||||||||||||
C-Store (Irving Oil Marketing, Inc.) | Oakfield, ME | (d) | 273 | 229 | — | — | 273 | 229 | 502 | (95 | ) | 1993 | 06/28/12 | 15
to 25 Years | |||||||||||||||||||
C-Store (Irving Oil Marketing, Inc.) | Ashland, NH | (d) | 398 | 157 | — | — | 398 | 157 | 555 | (64 | ) | 1970 | 06/28/12 | 15
to 20 Years | |||||||||||||||||||
C-Store (Irving Oil Marketing, Inc.) | Berlin, NH | (d) | 387 | 317 | — | — | 387 | 317 | 704 | (118 | ) | 1991 | 06/28/12 | 15
to 22 Years | |||||||||||||||||||
C-Store (Irving Oil Marketing, Inc.) | Paris, ME | (d) | 139 | 153 | — | — | 139 | 153 | 292 | (68 | ) | 1954 | 06/28/12 | 15
to 17 Years | |||||||||||||||||||
C-Store (Irving Oil Marketing, Inc.) | Madison, ME | (d) | 130 | 410 | — | — | 130 | 410 | 540 | (109 | ) | 1988 | 06/28/12 | 15
to 25 Years | |||||||||||||||||||
C-Store (Irving Oil Marketing, Inc.) | Bartlett, NH | (d) | 325 | 399 | — | — | 325 | 399 | 724 | (103 | ) | 1998 | 06/28/12 | 15
to 32 Years | |||||||||||||||||||
C-Store (Irving Oil Marketing, Inc.) | Auburn, ME | (d) | 371 | 444 | — | — | 371 | 444 | 815 | (115 | ) | 1996 | 06/28/12 | 15
to 30 Years | |||||||||||||||||||
C-Store (Irving Oil Marketing, Inc.) | Auburn, ME | (d) | 287 | 222 | — | — | 287 | 222 | 509 | (82 | ) | 1968 | 06/28/12 | 15
to 20 Years | |||||||||||||||||||
C-Store (Irving Oil Marketing, Inc.) | South Portland, ME | (d) | 661 | 194 | — | — | 661 | 194 | 855 | (112 | ) | 1970 | 06/28/12 | 15
to 15 Years | |||||||||||||||||||
C-Store (Irving Oil Marketing, Inc.) | Freeport, ME | (d) | 503 | 343 | — | — | 503 | 343 | 846 | (103 | ) | 1991 | 06/28/12 | 15
to 26 Years | |||||||||||||||||||
C-Store (Irving Oil Marketing, Inc.) | Sanford, ME | (d) | 807 | 579 | — | — | 807 | 579 | 1,386 | (149 | ) | 1997 | 06/28/12 | 15
to 28 Years | |||||||||||||||||||
C-Store (Irving Oil Marketing, Inc.) | Gorham, NH | (d) | 723 | 358 | — | — | 723 | 358 | 1,081 | (154 | ) | 1975 | 06/28/12 | 15
to 18 Years | |||||||||||||||||||
C-Store (Irving Oil Marketing, Inc.) | Manchester, ME | (d) | 279 | 285 | — | — | 279 | 285 | 564 | (107 | ) | 1990 | 06/28/12 | 15
to 20 Years | |||||||||||||||||||
C-Store (Irving Oil Marketing, Inc.) | Augusta, ME | (d) | 318 | 322 | — | — | 318 | 322 | 640 | (84 | ) | 1997 | 06/28/12 | 15
to 28 Years | |||||||||||||||||||
C-Store (Irving Oil Marketing, Inc.) | Concord, NH | (d) | 260 | 330 | — | — | 260 | 330 | 590 | (95 | ) | 1988 | 06/28/12 | 15
to 25 Years | |||||||||||||||||||
C-Store (Irving Oil Marketing, Inc.) | Newport, NH | (d) | 519 | 581 | — | — | 519 | 581 | 1,100 | (161 | ) | 1998 | 06/28/12 | 15
to 30 Years | |||||||||||||||||||
C-Store (Irving Oil Marketing, Inc.) | Yarmouth, ME | (d) | 950 | 278 | — | — | 950 | 278 | 1,228 | (105 | ) | 1990 | 01/24/14 | 14
to 40 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
C-Store
(Irving Oil Marketing, Inc.) | Waldoboro, ME | (d) | 1,450 | 834 | — | — | 1,450 | 834 | 2,284 | (210 | ) | 1996 | 01/24/14 | 14
to 40 Years | |||||||||||||||||||
C-Store (Irving Oil Marketing, Inc.) | Wiscasset, ME | (d) | 1,305 | 538 | — | — | 1,305 | 538 | 1,843 | (215 | ) | 1992 | 01/24/14 | 14
to 30 Years | |||||||||||||||||||
C-Store (Irving Oil Marketing, Inc.) | South Portland, ME | (d) | 448 | 593 | — | — | 448 | 593 | 1,041 | (109 | ) | 1970 | 01/24/14 | 14
to 40 Years | |||||||||||||||||||
C-Store (Irving Oil Marketing, Inc.) | Hampden, ME | (d) | 987 | 424 | — | — | 987 | 424 | 1,411 | (186 | ) | 1997 | 01/24/14 | 14
to 30 Years | |||||||||||||||||||
C-Store (Irving Oil Marketing, Inc.) | Presque Isle, ME | (d) | 708 | 390 | — | — | 708 | 390 | 1,098 | (144 | ) | 1995 | 01/24/14 | 14
to 30 Years | |||||||||||||||||||
C-Store (Irving Oil Marketing, Inc.) | Bucksport, ME | (d) | 1,203 | 587 | — | — | 1,203 | 587 | 1,790 | (141 | ) | 1995 | 01/24/14 | 14
to 40 Years | |||||||||||||||||||
C-Store (Irving Oil Marketing, Inc.) | Belmont, NH | (d) | 315 | 218 | — | — | 315 | 218 | 533 | (60 | ) | 1969 | 01/24/14 | 14
to 30 Years | |||||||||||||||||||
C-Store (Irving Oil Marketing, Inc.) | Laconia, NH | (d) | 411 | 770 | — | — | 411 | 770 | 1,181 | (157 | ) | 1998 | 01/24/14 | 14
to 30 Years | |||||||||||||||||||
C-Store (Irving Oil Marketing, Inc.) | Raymond, NH | (d) | 1,722 | 430 | — | — | 1,722 | 430 | 2,152 | (215 | ) | 1986 | 01/24/14 | 14
to 20 Years | |||||||||||||||||||
C-Store (Irving Oil Marketing, Inc.) | Grandtham, NH | (d) | 576 | 394 | — | — | 576 | 394 | 970 | (108 | ) | 1989 | 01/24/14 | 14
to 30 Years | |||||||||||||||||||
C-Store (Irving Oil Marketing, Inc.) | Belmont, NH | (d) | 524 | 879 | — | — | 524 | 879 | 1,403 | (193 | ) | 2002 | 01/24/14 | 14
to 30 Years | |||||||||||||||||||
C-Store (Irving Oil Marketing, Inc.) | Keene, NH | (d) | 553 | 289 | — | — | 553 | 289 | 842 | (80 | ) | 1960 | 01/24/14 | 14
to 30 Years | |||||||||||||||||||
C-Store (Irving Oil Marketing, Inc.) | Barton, VT | (d) | 307 | 609 | — | — | 307 | 609 | 916 | (93 | ) | 1975 | 01/24/14 | 14
to 40 Years | |||||||||||||||||||
C-Store (JAKG Petro, LLC) | Youngstown, FL | (d) | 1,449 | 1,763 | — | 33 | 1,449 | 1,796 | 3,245 | (95 | ) | 1999 | 04/26/17 | 15
to 30 Years | |||||||||||||||||||
C-Store (Jordan Oil Company of the Carolinas, Inc) | Murphy, NC | (a) | 489 | 297 | — | 49 | 489 | 346 | 835 | (119 | ) | 1965 | 05/08/13 | 8
to 19 Years | |||||||||||||||||||
C-Store (Jordan Oil Company of the Carolinas, Inc) | Roebuck, SC | (a) | 708 | 818 | — | 150 | 708 | 968 | 1,676 | (305 | ) | 1992 | 01/01/14 | 8
to 29 Years | |||||||||||||||||||
C-Store (Jordan Oil Company of the Carolinas, Inc) | Laurens, SC | (a) | 504 | 622 | — | 117 | 504 | 739 | 1,243 | (225 | ) | 1992 | 01/01/14 | 8
to 29 Years | |||||||||||||||||||
C-Store (Jordan Oil Company of the Carolinas, Inc) | Asheville, NC | (a) | 278 | 776 | — | 166 | 278 | 942 | 1,220 | (227 | ) | 2000 | 01/01/14 | 8
to 29 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
C-Store
(Jordan Oil Company of the Carolinas, Inc) | Asheville, NC | (a) | 247 | 497 | — | 86 | 247 | 583 | 830 | (154 | ) | 1986 | 01/01/14 | 8
to 29 Years | |||||||||||||||||||
C-Store (Jordan Oil Company of the Carolinas, Inc) | Honea Path, SC | (a) | 1,269 | 1,134 | — | 173 | 1,269 | 1,307 | 2,576 | (465 | ) | 1996 | 01/01/14 | 8
to 29 Years | |||||||||||||||||||
C-Store (Jordan Oil Company of the Carolinas, Inc) | Inman, SC | (a) | 2,183 | 897 | — | 163 | 2,183 | 1,060 | 3,243 | (669 | ) | 1994 | 05/08/13 | 8
to 29 Years | |||||||||||||||||||
C-Store (Jordan Oil Company of the Carolinas, Inc) | Summerville, SC | (a) | 1,317 | 1,459 | (151 | ) | 206 | 1,166 | 1,665 | 2,831 | (391 | ) | 2001 | 05/08/13 | 8
to 29 Years | ||||||||||||||||||
C-Store (Mountain Express Oil Company Southeast, LLC) | Auburn, AL | (d) | 2,188 | 945 | — | 85 | 2,188 | 1,030 | 3,218 | (111 | ) | 2001 | 07/11/16 | 22
to 40 Years | |||||||||||||||||||
C-Store (Mountain Express Oil Company Southeast, LLC) | Montgomery, AL | (d) | 648 | 228 | — | — | 648 | 228 | 876 | (49 | ) | 1965 | 07/11/16 | 15
to 20 Years | |||||||||||||||||||
C-Store (Mountain Express Oil Company Southeast, LLC) | Anniston, AL | (d) | 490 | 210 | — | — | 490 | 210 | 700 | (44 | ) | 1960 | 07/11/16 | 15
to 20 Years | |||||||||||||||||||
C-Store (Mountain Express Oil Company Southeast, LLC) | Lincoln, AL | (d) | 1,785 | 1,312 | — | 2 | 1,785 | 1,314 | 3,099 | (123 | ) | 2001 | 07/11/16 | 22
to 40 Years |
C-Store (Mountain Express Oil Company Southeast, LLC) | Lagrange,
GA | (d) | 1,033 | 368 | — | — | 1,033 | 368 | 1,401 | (68 | ) | 1972 | 07/11/16 | 15
to 20 Years | |||||||||||||||||||
C-Store (Mountain Express Oil Company Southeast, LLC) | Panama City, FL | (d) | 630 | 298 | — | — | 630 | 298 | 928 | (52 | ) | 1951 | 07/11/16 | 15
to 20 Years | |||||||||||||||||||
C-Store (Mountain Express Oil Company Southeast, LLC) | Prattville, AL | (d) | 1,978 | 735 | — | — | 1,978 | 735 | 2,713 | (95 | ) | 1995 | 07/11/16 | 19
to 30 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
C-Store
(Mountain Express Oil Company Southeast, LLC) | Greenville, AL | (d) | 1,278 | 490 | — | — | 1,278 | 490 | 1,768 | (89 | ) | 1991 | 07/11/16 | 19
to 30 Years | |||||||||||||||||||
C-Store (Mountain Express Oil Company Southeast, LLC) | Lanett, AL | (d) | 788 | 350 | — | — | 788 | 350 | 1,138 | (68 | ) | 1975 | 07/11/16 | 15
to 20 Years | |||||||||||||||||||
C-Store (Mountain Express Oil Company Southeast, LLC) | Sumiton, AL | (d) | 1,138 | 420 | — | — | 1,138 | 420 | 1,558 | (108 | ) | 1970 | 07/11/16 | 11
to 20 Years | |||||||||||||||||||
C-Store (Mountain Express Oil Company Southeast, LLC) | Ragland, AL | (d) | 385 | 595 | — | — | 385 | 595 | 980 | (47 | ) | 1986 | 07/11/16 | 15
to 30 Years | |||||||||||||||||||
C-Store (Mountain Express Oil Company Southeast, LLC) | Valley, AL | (d) | 280 | 368 | — | — | 280 | 368 | 648 | (42 | ) | 1955 | 07/11/16 | 15
to 20 Years | |||||||||||||||||||
C-Store (Mountain Express Oil Company Southeast, LLC) | Sylacauga, AL | (d) | 560 | 438 | — | — | 560 | 438 | 998 | (61 | ) | 1948 | 07/11/16 | 15
to 20 Years | |||||||||||||||||||
C-Store (Silver Spring Fuel, LLC) | Springfield, MO | (d) | 431 | 732 | — | 86 | 431 | 818 | 1,249 | (73 | ) | 1988 | 03/31/16 | 18
to 30 Years | |||||||||||||||||||
C-Store (Silver Spring Fuel, LLC) | Springfield, MO | (d) | 562 | 1,007 | — | — | 562 | 1,007 | 1,569 | (93 | ) | 1989 | 03/31/16 | 18
to 30 Years | |||||||||||||||||||
C-Store (Silver Spring Fuel, LLC) | Marshfield, MO | (d) | 615 | 811 | — | — | 615 | 811 | 1,426 | (79 | ) | 1987 | 03/31/16 | 18
to 30 Years | |||||||||||||||||||
C-Store (Silver Spring Fuel, LLC) | Springfield, MO | (d) | 327 | 732 | — | — | 327 | 732 | 1,059 | (64 | ) | 1987 | 03/31/16 | 18
to 30 Years | |||||||||||||||||||
C-Store (SM Trading Corporation) | Kansas City, MO | (d) | 925 | 1,027 | — | — | 925 | 1,027 | 1,952 | (160 | ) | 1996 | 11/18/14 | 15
to 30 Years | |||||||||||||||||||
C-Store (SM Trading Corporation) | Kearney, MO | (d) | 529 | 925 | — | — | 529 | 925 | 1,454 | (135 | ) | 2001 | 11/18/14 | 15
to 30 Years | |||||||||||||||||||
C-Store (SM Trading Corporation) | Cleveland, MO | (d) | 701 | 894 | — | — | 701 | 894 | 1,595 | (196 | ) | 1994 | 11/18/14 | 15
to 20 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
C-Store
(SM Trading Corporation) | Lebo, KS | (d) | 1,951 | 762 | — | — | 1,951 | 762 | 2,713 | (214 | ) | 1976 | 11/18/14 | 15
to 20 Years | |||||||||||||||||||
C-Store (Supermesa Fuel & Merc, LLC) | Phoenix, AZ | (d) | 2,243 | 4,243 | — | — | 2,243 | 4,243 | 6,486 | (1,793 | ) | 2001 | 07/02/07 | 15
to 40 Years | |||||||||||||||||||
C-Store (Supermesa Fuel & Merc, LLC) | Scottsdale, AZ | (d) | 4,416 | 2,384 | — | — | 4,416 | 2,384 | 6,800 | (1,212 | ) | 2000 | 07/02/07 | 15
to 40 Years | |||||||||||||||||||
C-Store (Supermesa Fuel & Merc, LLC) | Cave Creek, AZ | (d) | 2,711 | 2,201 | — | — | 2,711 | 2,201 | 4,912 | (1,025 | ) | 1998 | 07/02/07 | 15
to 40 Years | |||||||||||||||||||
C-Store (Supermesa Fuel & Merc, LLC) | Scottsdale, AZ | (d) | 2,765 | 2,196 | — | — | 2,765 | 2,196 | 4,961 | (1,113 | ) | 1995 | 07/02/07 | 15
to 40 Years | |||||||||||||||||||
C-Store (Supermesa Fuel & Merc, LLC) | Scottsdale, AZ | (d) | 5,123 | 2,683 | — | — | 5,123 | 2,683 | 7,806 | (1,729 | ) | 1991 | 07/02/07 | 15
to 40 Years | |||||||||||||||||||
C-Store (Supermesa Fuel & Merc, LLC) | Scottsdale, AZ | (d) | 3,437 | 2,373 | — | — | 3,437 | 2,373 | 5,810 | (1,530 | ) | 1996 | 07/02/07 | 15
to 40 Years | |||||||||||||||||||
C-Store (Town Star Holdings, LLC) | Fort Pierce, FL | (d) | 1,064 | 1,659 | — | — | 1,064 | 1,659 | 2,723 | (239 | ) | 1977 | 10/30/14 | 15
to 40 Years | |||||||||||||||||||
C-Store (Town Star Holdings, LLC) | Fort Pierce, FL | (d) | 681 | 1,404 | — | — | 681 | 1,404 | 2,085 | (183 | ) | 1989 | 10/30/14 | 15
to 40 Years | |||||||||||||||||||
C-Store (Town Star Holdings, LLC) | Okeechobee, FL | (d) | 468 | 936 | — | — | 468 | 936 | 1,404 | (128 | ) | 1976 | 10/30/14 | 15
to 40 Years | |||||||||||||||||||
C-Store (Town Star Holdings, LLC) | Okeechobee, FL | (d) | 808 | 1,191 | — | — | 808 | 1,191 | 1,999 | (189 | ) | 1984 | 10/30/14 | 15
to 40 Years | |||||||||||||||||||
C-Store (Town Star Holdings, LLC) | Okeechobee, FL | (d) | 386 | 1,764 | — | — | 386 | 1,764 | 2,150 | (188 | ) | 1975 | 10/30/14 | 15
to 40 Years | |||||||||||||||||||
C-Store (Town Star Holdings, LLC) | Okeechobee, FL | (d) | 558 | 1,024 | — | — | 558 | 1,024 | 1,582 | (136 | ) | 1986 | 10/30/14 | 15
to 40 Years | |||||||||||||||||||
C-Store (Town Star Holdings, LLC) | Belle Glade, FL | (d) | 978 | 1,184 | — | — | 978 | 1,184 | 2,162 | (148 | ) | 1960 | 10/30/14 | 15
to 40 Years | |||||||||||||||||||
C-Store (Town Star Holdings, LLC) | Jacksonville, FL | (d) | 2,285 | 1,537 | — | — | 2,285 | 1,537 | 3,822 | (295 | ) | 2010 | 10/28/15 | 15
to 40 Years | |||||||||||||||||||
C-Store (Town Star Holdings, LLC) | Kissimmee, FL | (d) | 2,115 | 1,602 | — | — | 2,115 | 1,602 | 3,717 | (208 | ) | 2006 | 10/27/15 | 15
to 40 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
C-Store
(Town Star Holdings, LLC) | Orlando, FL | (d) | 1,397 | 1,028 | — | — | 1,397 | 1,028 | 2,425 | (204 | ) | 1990 | 10/29/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (Town Star Holdings, LLC) | Belle Isle, FL | (d) | 908 | 738 | — | — | 908 | 738 | 1,646 | (124 | ) | 1996 | 10/27/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (Town Star Holdings, LLC) | Apopka, FL | (d) | 1,357 | 748 | — | — | 1,357 | 748 | 2,105 | (184 | ) | 1997 | 10/28/15 | 15
to 30 Years | |||||||||||||||||||
C-Store (US Investment Group, Inc.) | Kissimmee, FL | (d) | 759 | 1,061 | — | 13 | 759 | 1,074 | 1,833 | (279 | ) | 2005 | 12/19/13 | 15
to 30 Years | |||||||||||||||||||
C-Store (US Investment Group, Inc.) | Apopka, FL | (d) | 477 | 389 | — | — | 477 | 389 | 866 | (101 | ) | 1989 | 12/19/13 | 15
to 30 Years | |||||||||||||||||||
C-Store (US Investment Group, Inc.) | Orlando, FL | (d) | 1,167 | 982 | — | — | 1,167 | 982 | 2,149 | (281 | ) | 2001 | 12/19/13 | 15
to 30 Years | |||||||||||||||||||
C-Store (US Investment Group, Inc.) | Orlando, FL | (d) | 1,080 | 798 | — | — | 1,080 | 798 | 1,878 | (210 | ) | 2001 | 12/19/13 | 15
to 30 Years | |||||||||||||||||||
C-Store (US Investment Group, Inc.) | Orlando, FL | (d) | 1,303 | 496 | — | — | 1,303 | 496 | 1,799 | (178 | ) | 1994 | 12/19/13 | 15
to 30 Years | |||||||||||||||||||
C-Store (US Investment Group, Inc.) | Orlando, FL | (d) | 973 | 350 | — | — | 973 | 350 | 1,323 | (158 | ) | 1991 | 12/19/13 | 15
to 30 Years | |||||||||||||||||||
C-Store (US Investment Group, Inc.) | Orlando, FL | (d) | 1,128 | 496 | — | — | 1,128 | 496 | 1,624 | (185 | ) | 1995 | 12/19/13 | 15
to 30 Years | |||||||||||||||||||
C-Store (US Investment Group, Inc.) | Oakland, FL | (d) | 1,303 | 1,109 | — | — | 1,303 | 1,109 | 2,412 | (353 | ) | 2002 | 12/19/13 | 15
to 30 Years | |||||||||||||||||||
C-Store (US Investment Group, Inc.) | Orlando, FL | (d) | 1,644 | 1,829 | — | — | 1,644 | 1,829 | 3,473 | (351 | ) | 2000 | 12/19/13 | 15
to 40 Years | |||||||||||||||||||
C-Store (US Investment Group, Inc.) | Oviedo, FL | (d) | 973 | 798 | — | — | 973 | 798 | 1,771 | (233 | ) | 1995 | 12/19/13 | 15
to 30 Years | |||||||||||||||||||
C-Store (Wawa, Inc.) | Narberth, PA | (d) | 1,812 | 3,163 | — | — | 1,812 | 3,163 | 4,975 | (403 | ) | 2006 | 07/17/13 | 8
to 46 Years | |||||||||||||||||||
C-Store (Wawa, Inc.) | Hockessin, DE | (d) | 1,921 | 2,477 | — | — | 1,921 | 2,477 | 4,398 | (448 | ) | 2001 | 07/17/13 | 8
to 46 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
C-Store
(Wawa, Inc.) | Manahawkin, NJ | (d) | 3,258 | 1,954 | — | — | 3,258 | 1,954 | 5,212 | (758 | ) | 2001 | 07/17/13 | 8
to 46 Years | |||||||||||||||||||
C-Store (White Oak Station, LLC) | Mountain Home, AR | (d) | 224 | 493 | — | 2 | 224 | 495 | 719 | (31 | ) | 1991 | 09/30/16 | 12
to 40 Years | |||||||||||||||||||
C-Store (White Oak Station, LLC) | Harrison, AR | (d) | 2,309 | 2,040 | — | — | 2,309 | 2,040 | 4,349 | (272 | ) | 1996 | 09/30/16 | 11
to 30 Years | |||||||||||||||||||
C-Store (White Oak Station, LLC) | Harrison, AR | (d) | 235 | 202 | — | — | 235 | 202 | 437 | (21 | ) | 1971 | 09/30/16 | 17
to 30 Years | |||||||||||||||||||
C-Store (White Oak Station, LLC) | Yellville, AR | (d) | 269 | 740 | — | — | 269 | 740 | 1,009 | (50 | ) | 1984 | 09/30/16 | 13
to 30 Years | |||||||||||||||||||
C-Store (White Oak Station, LLC) | Harrison, AR | (d) | 224 | 717 | — | — | 224 | 717 | 941 | (45 | ) | 1980 | 09/30/16 | 12
to 30 Years | |||||||||||||||||||
C-Store (White Oak Station, LLC) | Huntsville, AR | (d) | 359 | 504 | — | — | 359 | 504 | 863 | (40 | ) | 2003 | 09/30/16 | 15
to 40 Years | |||||||||||||||||||
C-Store (White Oak Station, LLC) | Lead Hill, AR | (d) | 258 | 1,054 | — | — | 258 | 1,054 | 1,312 | (59 | ) | 1974 | 09/30/16 | 15
to 30 Years | |||||||||||||||||||
C-Store (White Oak Station, LLC) | Harrison, AR | (d) | 673 | 471 | — | — | 673 | 471 | 1,144 | (39 | ) | 1985 | 09/30/16 | 14
to 30 Years | |||||||||||||||||||
C-Store (White Oak Station, LLC) | Branson, MO | (d) | 605 | 818 | — | — | 605 | 818 | 1,423 | (66 | ) | 1993 | 09/30/16 | 15
to 30 Years | |||||||||||||||||||
C-Store (White Oak Station, LLC) | Fayetteville, AR | (d) | 986 | 897 | — | — | 986 | 897 | 1,883 | (77 | ) | 1996 | 09/30/16 | 15
to 30 Years | |||||||||||||||||||
C-Store (White Oak Station, LLC) | Harrison, AR | (d) | 392 | 336 | — | — | 392 | 336 | 728 | (40 | ) | 1982 | 09/30/16 | 12
to 30 Years | |||||||||||||||||||
C-Store (White Oak Station, LLC) | Branson, MO | (d) | 1,177 | 1,199 | — | — | 1,177 | 1,199 | 2,376 | (101 | ) | 1999 | 09/30/16 | 12
to 40 Years | |||||||||||||||||||
C-Store (White Oak Station, LLC) | Ridgedale, MO | (d) | 1,199 | 1,177 | — | — | 1,199 | 1,177 | 2,376 | (102 | ) | 1995 | 09/30/16 | 13
to 30 Years | |||||||||||||||||||
C-Store (White Oak Station, LLC) | Neosho, MO | (d) | 504 | 628 | — | — | 504 | 628 | 1,132 | (49 | ) | 2002 | 09/30/16 | 14
to 40 Years | |||||||||||||||||||
C-Store (White Oak Station, LLC) | Bergman, AR | (d) | 404 | 549 | — | — | 404 | 549 | 953 | (45 | ) | 1996 | 09/30/16 | 14
to 40 Years | |||||||||||||||||||
C-Store (White Oak Station, LLC) | Harrison, AR | (d) | 594 | 482 | — | — | 594 | 482 | 1,076 | (38 | ) | 1981 | 09/30/16 | 16
to 40 Years | |||||||||||||||||||
C-Store (White Oak Station, LLC) | Berryville, AR | (d) | 314 | 381 | — | — | 314 | 381 | 695 | (31 | ) | 1996 | 09/30/16 | 14
to 40 Years | |||||||||||||||||||
C-Store (White Oak Station, LLC) | Fayetteville, AR | (d) | 1,760 | 953 | — | — | 1,760 | 953 | 2,713 | (72 | ) | 1996 | 09/30/16 | 16
to 40 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
C-Store
(White Oak Station, LLC) | Springdale, AR | (d) | 2,119 | 1,401 | — | 157 | 2,119 | 1,558 | 3,677 | (124 | ) | 2010 | 09/30/16 | 17
to 40 Years | |||||||||||||||||||
C-Store (White Oak Station, LLC) | Clinton, MO | (d) | 291 | 404 | — | — | 291 | 404 | 695 | (33 | ) | 1960 | 09/30/16 | 15
to 30 Years | |||||||||||||||||||
C-Store (White Oak Station, LLC) | Butler, MO | (d) | 919 | 1,076 | — | — | 919 | 1,076 | 1,995 | (99 | ) | 1996 | 09/30/16 | 15
to 30 Years | |||||||||||||||||||
C-Store (White Oak Station, LLC) | Forsyth, MO | (d) | 370 | 572 | — | — | 370 | 572 | 942 | (46 | ) | 1950 | 09/30/16 | 14
to 30 Years | |||||||||||||||||||
CVS | Alpharetta, GA | (c) | 968 | 2,614 | — | — | 968 | 2,614 | 3,582 | (388 | ) | 1998 | 07/17/13 | 5
to 40 Years | |||||||||||||||||||
CVS | Richland Hills, TX | (c) | 997 | 2,951 | — | — | 997 | 2,951 | 3,948 | (409 | ) | 1997 | 07/17/13 | 4
to 40 Years | |||||||||||||||||||
CVS | Portsmouth, OH | (d) | 354 | 1,953 | (276 | ) | (1,514 | ) | 78 | 439 | 517 | (4 | ) | 1997 | 07/17/13 | 1
to 33 Years | |||||||||||||||||
CVS | Madison, MS | (d) | 745 | 3,323 | — | — | 745 | 3,323 | 4,068 | (463 | ) | 2004 | 07/17/13 | 11
to 40 Years | |||||||||||||||||||
CVS | Okeechobee, FL | (d) | 674 | 5,088 | — | — | 674 | 5,088 | 5,762 | (855 | ) | 2001 | 07/17/13 | 9
to 30 Years | |||||||||||||||||||
CVS | Orlando, FL | (d) | 781 | 3,799 | — | — | 781 | 3,799 | 4,580 | (646 | ) | 2005 | 07/17/13 | 10
to 30 Years | |||||||||||||||||||
CVS | Gulfport, MS | (d) | 441 | 4,208 | — | — | 441 | 4,208 | 4,649 | (539 | ) | 2000 | 07/17/13 | 12
to 40 Years | |||||||||||||||||||
CVS | Clinton, NY | (d) | 1,050 | 2,090 | — | — | 1,050 | 2,090 | 3,140 | (348 | ) | 2005 | 07/17/13 | 11
to 42 Years | |||||||||||||||||||
CVS | Glenville Scotia, NY | (d) | 1,314 | 3,964 | — | — | 1,314 | 3,964 | 5,278 | (557 | ) | 2006 | 07/17/13 | 12
to 43 Years | |||||||||||||||||||
CVS | Florence, SC | (d) | 744 | 2,070 | — | — | 744 | 2,070 | 2,814 | (306 | ) | 1998 | 07/17/13 | 5
to 39 Years | |||||||||||||||||||
CVS | Amarillo, TX | (d) | 916 | 2,747 | — | — | 916 | 2,747 | 3,663 | (412 | ) | 1994 | 07/17/13 | 20
to 20 Years | |||||||||||||||||||
CVS | Indianapolis, IN | (c) | 860 | 2,754 | — | — | 860 | 2,754 | 3,614 | (424 | ) | 1998 | 07/17/13 | 10
to 40 Years | |||||||||||||||||||
CVS | Onley, VA | (d) | 2,530 | 2,296 | — | — | 2,530 | 2,296 | 4,826 | (400 | ) | 2007 | 07/17/13 | 12
to 43 Years | |||||||||||||||||||
CVS | Columbia, TN | (d) | 842 | 1,864 | — | — | 842 | 1,864 | 2,706 | (304 | ) | 1997 | 07/17/13 | 4
to 37 Years | |||||||||||||||||||
CVS | Hamilton, OH | (d) | 738 | 2,429 | — | — | 738 | 2,429 | 3,167 | (373 | ) | 1998 | 07/17/13 | 5
to 39 Years | |||||||||||||||||||
CVS | Mechanicville, NY | (d) | 654 | 3,120 | — | — | 654 | 3,120 | 3,774 | (439 | ) | 1997 | 07/17/13 | 4
to 38 Years | |||||||||||||||||||
CVS | Atlanta, GA | (c) | 1,316 | 2,266 | — | — | 1,316 | 2,266 | 3,582 | (358 | ) | 2006 | 07/17/13 | 14
to 42 Years | |||||||||||||||||||
CVS | Carrolton, TX | (d) | 945 | 1,967 | — | — | 945 | 1,967 | 2,912 | (282 | ) | 1995 | 07/17/13 | 1
to 39 Years | |||||||||||||||||||
CVS | Kissimmee, FL | (d) | 1,508 | 2,153 | — | — | 1,508 | 2,153 | 3,661 | (354 | ) | 1995 | 07/17/13 | 2
to 40 Years | |||||||||||||||||||
CVS | Lake Worth, TX | (d) | 1,044 | 1,817 | — | — | 1,044 | 1,817 | 2,861 | (364 | ) | 1996 | 07/17/13 | 2
to 30 Years | |||||||||||||||||||
CVS | Richardson, TX | (c) | 803 | 2,575 | — | — | 803 | 2,575 | 3,378 | (351 | ) | 1996 | 07/17/13 | 3
to 40 Years | |||||||||||||||||||
CVS | River Oaks, TX | (c) | 829 | 2,871 | — | — | 829 | 2,871 | 3,700 | (426 | ) | 1996 | 07/17/13 | 3
to 40 Years | |||||||||||||||||||
CVS | The Colony, TX | (d) | 1,028 | 1,769 | — | — | 1,028 | 1,769 | 2,797 | (261 | ) | 1996 | 07/17/13 | 1
to 40 Years | |||||||||||||||||||
CVS | Wichita Falls, TX | (d) | 503 | 2,530 | — | — | 503 | 2,530 | 3,033 | (366 | ) | 1995 | 07/17/13 | 2
to 40 Years | |||||||||||||||||||
CVS | Wichita Falls, TX | (d) | 528 | 2,022 | — | — | 528 | 2,022 | 2,550 | (282 | ) | 1995 | 07/17/13 | 1
to 40 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
CVS | Maynard,
MA | (d) | 1,683 | 3,984 | — | — | 1,683 | 3,984 | 5,667 | (495 | ) | 2004 | 07/17/13 | 14
to 42 Years | |||||||||||||||||||
CVS | Myrtle Beach, SC | (d) | 828 | 4,024 | — | — | 828 | 4,024 | 4,852 | (535 | ) | 2004 | 07/17/13 | 12
to 42 Years | |||||||||||||||||||
CVS | Waynesville, NC | (d) | 1,495 | 2,365 | — | — | 1,495 | 2,365 | 3,860 | (347 | ) | 2005 | 07/17/13 | 12
to 42 Years | |||||||||||||||||||
CVS | Indianapolis, IN | (c) | 733 | 2,882 | — | — | 733 | 2,882 | 3,615 | (430 | ) | 1997 | 07/17/13 | 10
to 38 Years | |||||||||||||||||||
CVS | Lincoln, IL | (c) | 444 | 3,043 | — | — | 444 | 3,043 | 3,487 | (432 | ) | 2007 | 07/17/13 | 11
to 43 Years |
CVS | Azle, TX | (c) | 1,213 | 3,504 | — | — | 1,213 | 3,504 | 4,717 | (439 | ) | 2008 | 07/17/13 | 15
to 43 Years | |||||||||||||||||||
CVS | New Cumberland, PA | (c) | 794 | 2,663 | — | — | 794 | 2,663 | 3,457 | (377 | ) | 2007 | 07/17/13 | 12
to 43 Years | |||||||||||||||||||
CVS | St. Augustine, FL | (d) | 1,048 | 2,905 | — | — | 1,048 | 2,905 | 3,953 | (409 | ) | 2008 | 07/17/13 | 11
to 42 Years | |||||||||||||||||||
Dairy Queen | Palmer, AK | (d) | 510 | 1,350 | — | 90 | 510 | 1,440 | 1,950 | (54 | ) | 2000 | 02/16/17 | 10
to 30 Years | |||||||||||||||||||
Dairy Queen | Anchorage, AK | (d) | 1,150 | 1,262 | — | — | 1,150 | 1,262 | 2,412 | (37 | ) | 2007 | 02/16/17 | 15
to 40 Years | |||||||||||||||||||
Dairy Queen | Anchorage, AK | (d) | 333 | 461 | — | — | 333 | 461 | 794 | (14 | ) | 2010 | 02/16/17 | 10
to 40 Years | |||||||||||||||||||
Dairy Queen | Wasilla, AK | (d) | 577 | 1,260 | — | — | 577 | 1,260 | 1,837 | (77 | ) | 1984 | 02/16/17 | 5
to 20 Years | |||||||||||||||||||
Dark | Canton, MI | (a) | 2,071 | 1,224 | — | — | 2,071 | 1,224 | 3,295 | (747 | ) | 1996 | 06/25/04 | 15
to 30 Years | |||||||||||||||||||
Dave & Buster's | Marietta, GA | (a) | 3,908 | 8,630 | (74 | ) | — | 3,834 | 8,630 | 12,464 | (3,732 | ) | 1992 | 07/01/05 | 15
to 30 Years | ||||||||||||||||||
Dave & Buster's | Addison, IL | (d) | 4,690 | 6,692 | — | — | 4,690 | 6,692 | 11,382 | (2,092 | ) | 1995 | 07/17/13 | 7
to 24 Years | |||||||||||||||||||
Dave & Buster's | Tucson, AZ | (d) | 2,874 | 5,655 | — | 43 | 2,874 | 5,698 | 8,572 | (146 | ) | 2017 | 03/31/17 | 15
to 50 Years | |||||||||||||||||||
Dave & Buster's | Westlake, OH | (d) | 2,856 | 1 | — | 44 | 2,856 | 45 | 2,901 | (3 | ) | 2016 | 05/18/17 | 10
to 10 Years | |||||||||||||||||||
David McDavid Acura Pre-Owned | Plano, TX | (d) | 3,064 | 2,707 | — | — | 3,064 | 2,707 | 5,771 | (1,559 | ) | 1992 | 06/29/07 | 5
to 30 Years | |||||||||||||||||||
David's Bridal | Lenexa, KS | (d) | 919 | 2,476 | — | — | 919 | 2,476 | 3,395 | (347 | ) | 2005 | 07/17/13 | 2
to 47 Years | |||||||||||||||||||
Davis-Standard | Pawcatuck, CT | (d) | 2,736 | 9,218 | — | 36 | 2,736 | 9,254 | 11,990 | (447 | ) | 1969 | 10/27/16 | 7
to 40 Years | |||||||||||||||||||
Davis-Standard | Fulton, NY | (d) | 445 | 6,113 | — | 35 | 445 | 6,148 | 6,593 | (238 | ) | 1983 | 10/27/16 | 5
to 40 Years | |||||||||||||||||||
Defined Fitness | Albuquerque, NM | (d) | 1,914 | 3,724 | — | — | 1,914 | 3,724 | 5,638 | (389 | ) | 1995 | 04/23/15 | 15
to 30 Years | |||||||||||||||||||
Defined Fitness | Rio Rancho, NM | (d) | 1,448 | 2,172 | — | — | 1,448 | 2,172 | 3,620 | (242 | ) | 1997 | 04/23/15 | 15
to 30 Years | |||||||||||||||||||
Defined Fitness | Albuquerque, NM | (d) | 2,391 | 4,008 | — | — | 2,391 | 4,008 | 6,399 | (432 | ) | 2001 | 04/23/15 | 15
to 30 Years | |||||||||||||||||||
Defined Fitness | Albuquerque, NM | (d) | 4,732 | 6,845 | — | — | 4,732 | 6,845 | 11,577 | (631 | ) | 1972 | 04/23/15 | 15
to 40 Years | |||||||||||||||||||
Defined Fitness | Farmington, NM | (d) | 2,242 | 6,696 | — | — | 2,242 | 6,696 | 8,938 | (545 | ) | 1999 | 04/23/15 | 15
to 40 Years | |||||||||||||||||||
DefyGravity Wilmington Trampoline Park | Wilmington, NC | (d) | 837 | 1,429 | — | — | 837 | 1,429 | 2,266 | (228 | ) | 2006 | 09/30/15 | 9
to 20 Years | |||||||||||||||||||
Denny's | Fountain Hills, AZ | (a) | 825 | 561 | — | — | 825 | 561 | 1,386 | (360 | ) | 1995 | 09/24/04 | 15
to 30 Years | |||||||||||||||||||
Denny's | Benson, AZ | (d) | 313 | 336 | — | — | 313 | 336 | 649 | (69 | ) | 1996 | 03/20/15 | 15
to 20 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Diagnostic
Health Centers of Texas | Beaumont, TX | (a) | 438 | 1,976 | — | — | 438 | 1,976 | 2,414 | (303 | ) | 1985 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Diagnostic Health Centers of Texas | Port Arthur, TX | (a) | 468 | 2,057 | — | — | 468 | 2,057 | 2,525 | (313 | ) | 1997 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Dillon Tire | Lincoln, NE | (a) | 1,319 | 1,604 | — | — | 1,319 | 1,604 | 2,923 | (864 | ) | 1972 | 04/29/11 | 11
to 26 Years | |||||||||||||||||||
Dollar General | Crossville, TN | (d) | 1,041 | 1,871 | — | — | 1,041 | 1,871 | 2,912 | (390 | ) | 2006 | 07/17/13 | 7
to 40 Years | |||||||||||||||||||
Dollar General | Ardmore, TN | (d) | 950 | 1,847 | — | — | 950 | 1,847 | 2,797 | (392 | ) | 2005 | 07/17/13 | 8
to 40 Years | |||||||||||||||||||
Dollar General | Livingston, TN | (d) | 1,073 | 1,889 | — | — | 1,073 | 1,889 | 2,962 | (430 | ) | 2006 | 07/17/13 | 7
to 40 Years | |||||||||||||||||||
Dollar General | Wetumpka, AL | (c) | 303 | 784 | — | — | 303 | 784 | 1,087 | (114 | ) | 2011 | 09/17/13 | 12
to 40 Years | |||||||||||||||||||
Dollar General | Orrville, AL | (c) | 192 | 826 | — | — | 192 | 826 | 1,018 | (124 | ) | 2011 | 09/17/13 | 12
to 40 Years | |||||||||||||||||||
Dollar General | Rehobeth, AL | (c) | 259 | 774 | — | — | 259 | 774 | 1,033 | (107 | ) | 2011 | 09/17/13 | 12
to 40 Years | |||||||||||||||||||
Dollar General | Tallassee, AL | (c) | 141 | 895 | — | — | 141 | 895 | 1,036 | (114 | ) | 2011 | 09/17/13 | 12
to 40 Years | |||||||||||||||||||
Dollar General | Jasper, AL | (c) | 365 | 1,052 | — | — | 365 | 1,052 | 1,417 | (144 | ) | 2011 | 09/17/13 | 12
to 40 Years | |||||||||||||||||||
Dollar General | Cowarts, AL | (c) | 396 | 836 | — | — | 396 | 836 | 1,232 | (117 | ) | 2011 | 09/17/13 | 12
to 40 Years | |||||||||||||||||||
Dollar General | Centre, AL | (c) | 233 | 767 | — | — | 233 | 767 | 1,000 | (109 | ) | 2011 | 09/17/13 | 12
to 40 Years | |||||||||||||||||||
Dollar General | Crossville, TN | (c) | 264 | 849 | — | — | 264 | 849 | 1,113 | (118 | ) | 2011 | 09/17/13 | 12
to 40 Years | |||||||||||||||||||
Dollar General | Eastaboga, AL | (c) | 223 | 937 | — | — | 223 | 937 | 1,160 | (127 | ) | 2011 | 09/17/13 | 12
to 40 Years | |||||||||||||||||||
Dollar General | Enterprise, AL | (c) | 255 | 803 | — | — | 255 | 803 | 1,058 | (110 | ) | 2011 | 09/17/13 | 12
to 40 Years | |||||||||||||||||||
Dollar General | Tornillo, TX | (c) | 255 | 818 | — | — | 255 | 818 | 1,073 | (126 | ) | 2012 | 10/29/13 | 13
to 40 Years | |||||||||||||||||||
Dollar General | Crystal City, TX | (c) | 295 | 939 | — | — | 295 | 939 | 1,234 | (122 | ) | 2012 | 10/29/13 | 13
to 40 Years | |||||||||||||||||||
Dollar General | Temple, TX | (c) | 414 | 897 | — | — | 414 | 897 | 1,311 | (128 | ) | 2012 | 10/29/13 | 13
to 40 Years | |||||||||||||||||||
Dollar General | Fruita, CO | (c) | 255 | 1,025 | — | — | 255 | 1,025 | 1,280 | (139 | ) | 2012 | 10/29/13 | 13
to 40 Years | |||||||||||||||||||
Dollar General | De Soto, KS | (c) | 301 | 1,049 | — | — | 301 | 1,049 | 1,350 | (161 | ) | 2012 | 10/29/13 | 13
to 40 Years | |||||||||||||||||||
Dollar General | La Cygne, KS | (c) | 120 | 833 | — | — | 120 | 833 | 953 | (113 | ) | 2012 | 10/29/13 | 13
to 40 Years | |||||||||||||||||||
Dollar General | Topeka, KS | (c) | 313 | 882 | — | — | 313 | 882 | 1,195 | (130 | ) | 2012 | 10/29/13 | 13
to 40 Years | |||||||||||||||||||
Dollar General | Emporia, KS | (c) | 292 | 1,176 | — | — | 292 | 1,176 | 1,468 | (163 | ) | 2012 | 10/29/13 | 13
to 40 Years | |||||||||||||||||||
Dollar General | Hill City, KS | (c) | 243 | 815 | — | — | 243 | 815 | 1,058 | (129 | ) | 2012 | 10/29/13 | 13
to 40 Years | |||||||||||||||||||
Dollar General | Pagosa Springs, CO | (c) | 253 | 1,031 | — | — | 253 | 1,031 | 1,284 | (134 | ) | 2012 | 10/29/13 | 13
to 40 Years | |||||||||||||||||||
Dollar General | Silt, CO | (c) | 334 | 894 | — | — | 334 | 894 | 1,228 | (117 | ) | 2012 | 10/29/13 | 13
to 40 Years | |||||||||||||||||||
Dollar General | Gore, OK | (c) | 182 | 924 | — | — | 182 | 924 | 1,106 | (128 | ) | 2012 | 10/29/13 | 13
to 40 Years | |||||||||||||||||||
Dollar General | Stigler, OK | (c) | 610 | 809 | — | — | 610 | 809 | 1,419 | (131 | ) | 2012 | 10/29/13 | 13
to 40 Years | |||||||||||||||||||
Dollar General | Okay, OK | (c) | 200 | 901 | — | — | 200 | 901 | 1,101 | (123 | ) | 2012 | 10/29/13 | 13
to 40 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Dollar
General | Hobart, OK | (c) | 230 | 910 | — | — | 230 | 910 | 1,140 | (130 | ) | 2012 | 10/29/13 | 13
to 40 Years | |||||||||||||||||||
Dollar General | Atoka, OK | (c) | 466 | 1,304 | — | — | 466 | 1,304 | 1,770 | (171 | ) | 2012 | 10/29/13 | 13
to 40 Years | |||||||||||||||||||
Dollar General | Claremore, OK | (c) | 243 | 928 | — | — | 243 | 928 | 1,171 | (121 | ) | 2012 | 10/29/13 | 13
to 40 Years | |||||||||||||||||||
Dollar General | Adair, OK | (c) | 264 | 855 | — | — | 264 | 855 | 1,119 | (116 | ) | 2012 | 10/29/13 | 13
to 40 Years | |||||||||||||||||||
Dollar General | Altus, OK | (c) | 315 | 918 | — | — | 315 | 918 | 1,233 | (119 | ) | 2012 | 10/29/13 | 13
to 40 Years | |||||||||||||||||||
Dollar General | Ketchum, OK | (c) | 297 | 760 | — | — | 297 | 760 | 1,057 | (126 | ) | 2012 | 10/29/13 | 13
to 40 Years | |||||||||||||||||||
Dollar General | Spiro, OK | (c) | 263 | 1,099 | — | — | 263 | 1,099 | 1,362 | (164 | ) | 2012 | 10/29/13 | 13
to 40 Years | |||||||||||||||||||
Dollar General | Walters, OK | (c) | 173 | 1,042 | — | — | 173 | 1,042 | 1,215 | (139 | ) | 2012 | 10/29/13 | 13
to 40 Years | |||||||||||||||||||
Dollar General | Sand Springs, OK | (c) | 396 | 1,039 | — | — | 396 | 1,039 | 1,435 | (144 | ) | 2012 | 10/29/13 | 13
to 40 Years | |||||||||||||||||||
Dollar General | Ord, NE | (c) | 222 | 1,010 | — | — | 222 | 1,010 | 1,232 | (140 | ) | 2012 | 10/29/13 | 13
to 40 Years | |||||||||||||||||||
Dollar General | Las Cruces, NM | (c) | 452 | 900 | — | — | 452 | 900 | 1,352 | (137 | ) | 2012 | 10/29/13 | 13
to 40 Years | |||||||||||||||||||
Dollar General | Hobbs, NM | (c) | 405 | 949 | — | — | 405 | 949 | 1,354 | (148 | ) | 2012 | 10/29/13 | 13
to 40 Years | |||||||||||||||||||
Dollar General | Western Grove, AR | (d) | 391 | 595 | — | — | 391 | 595 | 986 | (92 | ) | 2014 | 12/15/14 | 14
to 40 Years | |||||||||||||||||||
Dollar General | Quinton, OK | (d) | 245 | 683 | — | — | 245 | 683 | 928 | (77 | ) | 2014 | 12/15/14 | 14
to 40 Years | |||||||||||||||||||
Dollar General | Alpena, AR | (d) | 359 | 600 | — | — | 359 | 600 | 959 | (91 | ) | 2014 | 12/15/14 | 14
to 40 Years | |||||||||||||||||||
Dollar General | Keota, OK | (d) | 215 | 687 | — | — | 215 | 687 | 902 | (81 | ) | 2014 | 12/15/14 | 14
to 40 Years | |||||||||||||||||||
Dollar General | Cameron, OK | (d) | 312 | 710 | — | — | 312 | 710 | 1,022 | (77 | ) | 2014 | 12/15/14 | 14
to 40 Years | |||||||||||||||||||
Dollar General | Center Ridge, AR | (d) | 313 | 595 | — | — | 313 | 595 | 908 | (90 | ) | 2014 | 12/15/14 | 14
to 40 Years | |||||||||||||||||||
Dollar General | Byng, OK | (b) | 205 | 646 | — | — | 205 | 646 | 851 | (62 | ) | 2015 | 07/14/15 | 14
to 40 Years | |||||||||||||||||||
Dollar General | Oppelo, AR | (a) | 354 | 553 | — | — | 354 | 553 | 907 | (69 | ) | 2015 | 07/14/15 | 14
to 40 Years | |||||||||||||||||||
Dollar General | Red Oak, OK | (a) | 245 | 675 | — | — | 245 | 675 | 920 | (62 | ) | 2015 | 07/14/15 | 14
to 40 Years | |||||||||||||||||||
Dollar General | La Plata, MO | (d) | 283 | 653 | — | — | 283 | 653 | 936 | (82 | ) | 2014 | 04/27/15 | 14
to 40 Years | |||||||||||||||||||
Dollar General | Birch Tree, MO | (d) | 252 | 659 | — | — | 252 | 659 | 911 | (86 | ) | 2014 | 03/31/15 | 14
to 40 Years | |||||||||||||||||||
Dollar General | Pineville, MO | (d) | 253 | 699 | — | — | 253 | 699 | 952 | (91 | ) | 2014 | 03/31/15 | 14
to 40 Years | |||||||||||||||||||
Dollar General | Aztec, NM | (d) | 548 | 623 | — | — | 548 | 623 | 1,171 | (84 | ) | 2014 | 03/31/15 | 14
to 40 Years | |||||||||||||||||||
Dollar General | Creal Springs, IL | (d) | 261 | 653 | — | — | 261 | 653 | 914 | (81 | ) | 2014 | 04/27/15 | 14
to 40 Years | |||||||||||||||||||
Dollar General | Lakeview, IA | (d) | 251 | 568 | — | — | 251 | 568 | 819 | (67 | ) | 2015 | 04/27/15 | 14
to 40 Years | |||||||||||||||||||
Dollar General | Pleasant Hope, MO | (d) | 263 | 650 | — | — | 263 | 650 | 913 | (78 | ) | 2014 | 05/14/15 | 14
to 40 Years | |||||||||||||||||||
Dollar General | Los Lunas, NM | (d) | 281 | 740 | — | — | 281 | 740 | 1,021 | (92 | ) | 2015 | 05/14/15 | 14
to 40 Years | |||||||||||||||||||
Dollar General | Bloomfield, NM | (d) | 409 | 663 | — | — | 409 | 663 | 1,072 | (74 | ) | 2015 | 05/14/15 | 14
to 40 Years | |||||||||||||||||||
Dollar General | Drexel, MO | (d) | 184 | 727 | — | — | 184 | 727 | 911 | (78 | ) | 2015 | 05/14/15 | 14
to 40 Years | |||||||||||||||||||
Dollar General | Bentonia, MS | (b) | 227 | 745 | — | — | 227 | 745 | 972 | (71 | ) | 2014 | 06/22/15 | 13
to 40 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Dollar
General | Laurel, MS | (a) | 431 | 705 | — | — | 431 | 705 | 1,136 | (80 | ) | 2012 | 06/22/15 | 11
to 40 Years | |||||||||||||||||||
Dollar General | Maben, MS | (d) | 263 | 734 | — | — | 263 | 734 | 997 | (73 | ) | 2014 | 09/24/15 | 13
to 40 Years | |||||||||||||||||||
Dollar Tree | Alliance, OH | (d) | 556 | 1,317 | (423 | ) | (810 | ) | 133 | 507 | 640 | (19 | ) | 1996 | 07/17/13 | 0
to 27 Years | |||||||||||||||||
DOW Emergency | Livingston, TX | (d) | 1,505 | 7,616 | — | 1,032 | 1,505 | 8,648 | 10,153 | (381 | ) | 2014 | 03/30/16 | 16
to 40 Years | |||||||||||||||||||
Drive Time | Independence, MO | (d) | 1,058 | 1,297 | — | — | 1,058 | 1,297 | 2,355 | (475 | ) | 1968 | 11/25/14 | 4
to 15 Years | |||||||||||||||||||
Drive Time | Gladstone, MO | (d) | 1,100 | 774 | — | — | 1,100 | 774 | 1,874 | (141 | ) | 2005 | 03/11/15 | 4
to 40 Years | |||||||||||||||||||
Eddie Merlot's | Burr Ridge, IL | (a) | 759 | 977 | 16 | 1,584 | 775 | 2,561 | 3,336 | (1,186 | ) | 1997 | 06/25/04 | 15
to 30 Years | |||||||||||||||||||
Eddie Merlot's | Fort Wayne, IN | (a) | 989 | 2,057 | — | — | 989 | 2,057 | 3,046 | (820 | ) | 2001 | 11/10/05 | 15
to 30 Years | |||||||||||||||||||
Eddie Merlot's | Indianapolis, IN | (a) | 1,971 | 2,295 | — | — | 1,971 | 2,295 | 4,266 | (714 | ) | 2003 | 11/10/05 | 15
to 40 Years | |||||||||||||||||||
El Chico | Sherman, TX | (a) | 1,013 | 1,286 | (415 | ) | (542 | ) | 598 | 744 | 1,342 | (782 | ) | 1994 | 02/26/07 | 14
to 30 Years | |||||||||||||||||
El Chico | Muskogee, OK | (a) | 968 | 1,259 | (448 | ) | (568 | ) | 520 | 691 | 1,211 | (709 | ) | 1984 | 02/26/07 | 14
to 30 Years | |||||||||||||||||
El Chico | Ardmore, OK | (a) | 1,332 | 1,466 | (704 | ) | (677 | ) | 628 | 789 | 1,417 | (747 | ) | 1986 | 02/26/07 | 14
to 30 Years | |||||||||||||||||
El Chico | Arlington, TX | (a) | 1,301 | 1,032 | — | — | 1,301 | 1,032 | 2,333 | (794 | ) | 1978 | 02/26/07 | 14
to 20 Years | |||||||||||||||||||
El Chico | Little Rock, AR | (a) | 699 | 1,700 | (344 | ) | (592 | ) | 355 | 1,108 | 1,463 | (952 | ) | 1972 | 02/26/07 | 14
to 20 Years | |||||||||||||||||
Emagine Theaters | Lakeville, MN | (d) | 2,843 | 2,843 | (419 | ) | 3,070 | 2,424 | 5,913 | 8,337 | (310 | ) | 1998 | 07/29/16 | 7
to 30 Years |
Emagine Theaters | Rogers, MN | (d) | 2,337 | 2,384 | — | 1,983 | 2,337 | 4,367 | 6,704 | (285 | ) | 2006 | 07/29/16 | 5
to 30 Years | |||||||||||||||||||
Emagine Theaters | White Bear Township, MN | (d) | 2,773 | 5,476 | — | 107 | 2,773 | 5,583 | 8,356 | (521 | ) | 1995 | 07/29/16 | 5
to 20 Years | |||||||||||||||||||
Emagine Theaters | Monticello, MN | (d) | 1,161 | 3,155 | — | — | 1,161 | 3,155 | 4,316 | (272 | ) | 2004 | 07/29/16 | 7
to 30 Years | |||||||||||||||||||
Emagine Theaters | Plymouth, MN | (d) | 2,516 | 4,089 | — | 2,450 | 2,516 | 6,539 | 9,055 | (306 | ) | 1988 | 07/29/16 | 4
to 30 Years | |||||||||||||||||||
Emagine Theaters | Waconia, MN | (d) | 249 | 1,464 | — | — | 249 | 1,464 | 1,713 | (106 | ) | 1989 | 07/29/16 | 6
to 20 Years | |||||||||||||||||||
Emagine Theaters | East Bethel, MN | (d) | 545 | 1,768 | — | — | 545 | 1,768 | 2,313 | (191 | ) | 1990 | 07/29/16 | 5
to 20 Years | |||||||||||||||||||
Emagine Theaters | Delano, MN | (d) | 397 | 1,052 | — | — | 397 | 1,052 | 1,449 | (122 | ) | 1984 | 07/29/16 | 3
to 20 Years | |||||||||||||||||||
Emerus Urgent Care | Schertz, TX | (a) | 2,596 | 9,944 | — | — | 2,596 | 9,944 | 12,540 | (1,067 | ) | 2013 | 05/16/14 | 13
to 40 Years | |||||||||||||||||||
Excellence ER | Garland, TX | (d) | 1,256 | 4,516 | — | — | 1,256 | 4,516 | 5,772 | (203 | ) | 2016 | 03/30/16 | 17
to 50 Years | |||||||||||||||||||
Excellence ER | Harlingen, TX | (d) | 1,734 | 520 | — | 5,616 | 1,734 | 6,136 | 7,870 | (122 | ) | 2016 | 12/01/16 | 49
to 50 Years | |||||||||||||||||||
Express Oil Change | Birmingham, AL | (a) | 417 | 1,237 | — | — | 417 | 1,237 | 1,654 | (322 | ) | 1970 | 12/22/06 | 40
to 40 Years | |||||||||||||||||||
Express Oil Change | Birmingham, AL | (a) | 300 | 839 | — | — | 300 | 839 | 1,139 | (175 | ) | 1998 | 12/22/06 | 50
to 50 Years | |||||||||||||||||||
Express Oil Change | Alabaster, AL | (a) | 631 | 1,010 | — | — | 631 | 1,010 | 1,641 | (263 | ) | 1995 | 12/22/06 | 40
to 40 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Express
Oil Change | Birmingham, AL | (a) | 607 | 1,379 | — | — | 607 | 1,379 | 1,986 | (359 | ) | 1988 | 12/22/06 | 40
to 40 Years | |||||||||||||||||||
Express Oil Change | Bessemer, AL | (a) | 358 | 1,197 | — | — | 358 | 1,197 | 1,555 | (312 | ) | 1988 | 12/22/06 | 40
to 40 Years | |||||||||||||||||||
Express Oil Change | Birmingham, AL | (a) | 343 | 901 | — | — | 343 | 901 | 1,244 | (235 | ) | 1989 | 12/22/06 | 40
to 40 Years | |||||||||||||||||||
Express Oil Change | Gardendale, AL | (a) | 586 | 1,274 | — | — | 586 | 1,274 | 1,860 | (332 | ) | 1989 | 12/22/06 | 40
to 40 Years | |||||||||||||||||||
Express Oil Change | Birmingham, AL | (a) | 334 | 1,119 | — | — | 334 | 1,119 | 1,453 | (291 | ) | 1989 | 12/22/06 | 40
to 40 Years | |||||||||||||||||||
Express Oil Change | Oxford, AL | (a) | 120 | 1,224 | — | — | 120 | 1,224 | 1,344 | (319 | ) | 1990 | 12/22/06 | 40
to 40 Years | |||||||||||||||||||
Express Oil Change | Birmingham, AL | (a) | 372 | 1,073 | — | — | 372 | 1,073 | 1,445 | (373 | ) | 1965 | 12/22/06 | 30
to 30 Years | |||||||||||||||||||
Express Oil Change | Birmingham, AL | (a) | 339 | 858 | — | — | 339 | 858 | 1,197 | (223 | ) | 1990 | 12/22/06 | 40
to 40 Years | |||||||||||||||||||
Express Oil Change | Huntsville, AL | (a) | 195 | 1,649 | — | — | 195 | 1,649 | 1,844 | (429 | ) | 1993 | 12/22/06 | 40
to 40 Years | |||||||||||||||||||
Express Oil Change | Auburn, AL | (a) | 354 | 1,182 | 30 | 78 | 384 | 1,260 | 1,644 | (456 | ) | 1987 | 12/22/06 | 15
to 30 Years | |||||||||||||||||||
Express Oil Change | Huntsville, AL | (a) | 295 | 893 | — | — | 295 | 893 | 1,188 | (233 | ) | 1994 | 12/22/06 | 40
to 40 Years | |||||||||||||||||||
Express Oil Change | Madison, AL | (a) | 359 | 1,505 | 40 | 456 | 399 | 1,961 | 2,360 | (418 | ) | 1995 | 12/22/06 | 15
to 40 Years | |||||||||||||||||||
Express Oil Change | Madison, AL | (a) | 211 | 1,401 | — | — | 211 | 1,401 | 1,612 | (365 | ) | 1997 | 12/22/06 | 40
to 40 Years | |||||||||||||||||||
Express Oil Change | Huntsville, AL | (a) | 374 | 1,295 | — | 109 | 374 | 1,404 | 1,778 | (384 | ) | 1997 | 12/22/06 | 19
to 40 Years | |||||||||||||||||||
Express Oil Change | Huntsville, AL | (a) | 252 | 917 | — | — | 252 | 917 | 1,169 | (318 | ) | 1965 | 12/22/06 | 30
to 30 Years | |||||||||||||||||||
Express Oil Change | Decatur, AL | (a) | 187 | 1,174 | — | 98 | 187 | 1,272 | 1,459 | (286 | ) | 2000 | 12/22/06 | 19
to 50 Years | |||||||||||||||||||
Express Oil Change | Florence, AL | (a) | 130 | 1,128 | — | — | 130 | 1,128 | 1,258 | (235 | ) | 1999 | 12/22/06 | 50
to 50 Years | |||||||||||||||||||
Express Oil Change | Huntsville, AL | (a) | 184 | 1,037 | — | — | 184 | 1,037 | 1,221 | (216 | ) | 2001 | 12/22/06 | 50
to 50 Years | |||||||||||||||||||
Express Oil Change | Decatur, AL | (a) | 84 | 803 | — | — | 84 | 803 | 887 | (167 | ) | 2001 | 12/22/06 | 50
to 50 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Express
Oil Change | Pinson, AL | (a) | 320 | 916 | — | — | 320 | 916 | 1,236 | (191 | ) | 2001 | 12/22/06 | 50
to 50 Years | |||||||||||||||||||
Family Dollar Stores | Texarkana, AR | (a) | 303 | 201 | — | — | 303 | 201 | 504 | (59 | ) | 1988 | 03/31/14 | 4
to 20 Years | |||||||||||||||||||
Family Dollar Stores | Mesa, AZ | (d) | 734 | 2 | 102 | 630 | 836 | 632 | 1,468 | (62 | ) | 1955 | 11/13/14 | 10
to 50 Years | |||||||||||||||||||
Family Dollar Stores | Kincheloe, MI | (d) | 317 | 626 | — | — | 317 | 626 | 943 | (84 | ) | 2014 | 03/20/15 | 14
to 40 Years | |||||||||||||||||||
Family Dollar Stores | Mansfield, OH | (d) | 288 | 825 | — | — | 288 | 825 | 1,113 | (83 | ) | 2014 | 04/28/15 | 9
to 40 Years | |||||||||||||||||||
Family Dollar Stores | Des Moines, IA | (d) | 354 | 807 | — | — | 354 | 807 | 1,161 | (95 | ) | 2014 | 03/20/15 | 8
to 40 Years | |||||||||||||||||||
Family Dollar Stores | Otter Tail, MN | (d) | 338 | 791 | — | — | 338 | 791 | 1,129 | (82 | ) | 2014 | 03/20/15 | 14
to 40 Years | |||||||||||||||||||
Family Dollar Stores | Evart, MI | (d) | 306 | 703 | — | — | 306 | 703 | 1,009 | (80 | ) | 2014 | 03/20/15 | 14
to 40 Years | |||||||||||||||||||
Family Dollar Stores | Anderson, IN | (d) | 359 | 781 | — | — | 359 | 781 | 1,140 | (86 | ) | 2015 | 03/20/15 | 14
to 40 Years | |||||||||||||||||||
Family Dollar Stores | Bulls Gap, TN | (d) | 466 | 762 | — | — | 466 | 762 | 1,228 | (86 | ) | 2014 | 03/20/15 | 14
to 40 Years | |||||||||||||||||||
Family Dollar Stores | Duluth, MN | (d) | 422 | 869 | — | — | 422 | 869 | 1,291 | (94 | ) | 2015 | 05/12/15 | 9
to 40 Years | |||||||||||||||||||
Family Fare Supermarket | Omaha, NE | (d) | 2,198 | 3,328 | — | — | 2,198 | 3,328 | 5,526 | (909 | ) | 1982 | 12/17/13 | 4
to 20 Years | |||||||||||||||||||
Family Medical Centers | Jacksonville, FL | (d) | 815 | 1,606 | — | — | 815 | 1,606 | 2,421 | (241 | ) | 1977 | 08/18/14 | 6
to 30 Years | |||||||||||||||||||
Family Medical Centers | Middleburg, FL | (d) | 521 | 2,589 | — | 65 | 521 | 2,654 | 3,175 | (396 | ) | 1988 | 08/18/14 | 7
to 30 Years | |||||||||||||||||||
Famous Dave's | Maple Grove, MN | (a) | 1,852 | 1,096 | — | — | 1,852 | 1,096 | 2,948 | (620 | ) | 1997 | 09/24/04 | 15
to 30 Years | |||||||||||||||||||
Famous Dave's | Apple Valley, MN | (a) | 1,119 | 1,055 | — | — | 1,119 | 1,055 | 2,174 | (518 | ) | 1999 | 09/24/04 | 15
to 30 Years | |||||||||||||||||||
Faurecia Interior Systems | Auburn Hills, MI | (d) | 3,542 | 6,597 | 169 | — | 3,711 | 6,597 | 10,308 | (1,730 | ) | 1995 | 07/17/13 | 8
to 38 Years | |||||||||||||||||||
Fazoli's | Lees Summit, MO | (a) | 590 | 69 | 55 | (69 | ) | 645 | — | 645 | — | (f) | 09/23/05 | (f) | |||||||||||||||||||
Fazoli's | Rochester,
MN | (a) | 561 | 83 | 66 | (83 | ) | 627 | — | 627 | — | (f) | 09/23/05 | (f) | |||||||||||||||||||
Fazoli's | Fort
Wayne, IN | (a) | 660 | 204 | — | — | 660 | 204 | 864 | (305 | ) | 1982 | 09/23/05 | 10
to 15 Years | |||||||||||||||||||
Fazoli's | Blue Springs, MO | (d) | 688 | 119 | 101 | (119 | ) | 789 | — | 789 | — | (f) | 08/27/09 | (f) | |||||||||||||||||||
FedEx | Peoria,
IL | (d) | 953 | 1,917 | — | 12 | 953 | 1,929 | 2,882 | (514 | ) | 1996 | 07/17/13 | 3
to 30 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
FedEx | Walker,
MI | (c) | 2,287 | 4,469 | (1,369 | ) | (2,527 | ) | 918 | 1,942 | 2,860 | (154 | ) | 2001 | 07/17/13 | 4
to 30 Years | |||||||||||||||||
FedEx | Huntsville, AL | (c) | 5,115 | 6,701 | — | — | 5,115 | 6,701 | 11,816 | (2,052 | ) | 2008 | 07/17/13 | 10
to 38 Years | |||||||||||||||||||
FedEx | Baton Rouge, LA | (c) | 2,898 | 8,024 | — | — | 2,898 | 8,024 | 10,922 | (1,368 | ) | 2008 | 07/17/13 | 9
to 43 Years | |||||||||||||||||||
FedEx | Oak Park, MI | (d) | 16,713 | 19,718 | — | 38 | 16,713 | 19,756 | 36,469 | (511 | ) | 2016 | 06/26/17 | 14
to 40 Years | |||||||||||||||||||
Ferguson Enterprises | Shallotte, NC | (c) | 705 | 1,794 | — | — | 705 | 1,794 | 2,499 | (427 | ) | 2006 | 07/17/13 | 10
to 30 Years | |||||||||||||||||||
Ferguson Enterprises | Salisbury, MD | (d) | 4,210 | 6,613 | — | — | 4,210 | 6,613 | 10,823 | (2,157 | ) | 2007 | 07/17/13 | 10
to 27 Years | |||||||||||||||||||
Ferguson Enterprises | Powhatan, VA | (d) | 4,342 | 2,963 | — | — | 4,342 | 2,963 | 7,305 | (1,629 | ) | 2007 | 07/17/13 | 10
to 31 Years | |||||||||||||||||||
Ferguson Enterprises | Ocala, FL | (d) | 2,260 | 4,709 | — | — | 2,260 | 4,709 | 6,969 | (1,079 | ) | 2006 | 07/17/13 | 8
to 46 Years | |||||||||||||||||||
Ferguson Enterprises | Front Royal, VA | (c) | 7,257 | 35,711 | — | — | 7,257 | 35,711 | 42,968 | (7,677 | ) | 2007 | 07/17/13 | 9
to 34 Years | |||||||||||||||||||
Ferguson Enterprises | Cohasset, MN | (c) | 334 | 1,134 | — | — | 334 | 1,134 | 1,468 | (305 | ) | 2007 | 07/17/13 | 10
to 26 Years | |||||||||||||||||||
Ferguson Enterprises | Auburn, AL | (c) | 884 | 1,530 | — | — | 884 | 1,530 | 2,414 | (355 | ) | 2007 | 07/17/13 | 10
to 32 Years | |||||||||||||||||||
Fitness Evolution | Sacramento, CA | (d) | 1,236 | 2,883 | — | — | 1,236 | 2,883 | 4,119 | (372 | ) | 1990 | 09/29/15 | 15
to 20 Years | |||||||||||||||||||
Flying J Travel Plaza | Saint Augustine, FL | (a) | 9,556 | 2,543 | — | — | 9,556 | 2,543 | 12,099 | (3,114 | ) | 2005 | 07/01/05 | 13
to 40 Years | |||||||||||||||||||
Flying J Travel Plaza | Spiceland, IN | (a) | 9,649 | 3,063 | — | — | 9,649 | 3,063 | 12,712 | (3,901 | ) | 2005 | 07/01/05 | 13
to 40 Years | |||||||||||||||||||
Flying J Travel Plaza | Catlettsburg, KY | (a) | 9,344 | 3,989 | — | — | 9,344 | 3,989 | 13,333 | (4,476 | ) | 2001 | 07/01/05 | 13
to 40 Years | |||||||||||||||||||
Flying Star Café | Albuquerque, NM | (a) | 120 | 1,336 | — | — | 120 | 1,336 | 1,456 | (464 | ) | 1999 | 07/01/05 | 30
to 30 Years | |||||||||||||||||||
Flying Star Café | Albuquerque, NM | (a) | 1,036 | 1,655 | — | — | 1,036 | 1,655 | 2,691 | (812 | ) | 1994 | 07/01/05 | 15
to 30 Years | |||||||||||||||||||
Focus Child Development Center | Riverdale, GA | (a) | 663 | 1,336 | — | 32 | 663 | 1,368 | 2,031 | (80 | ) | 1998 | 06/29/16 | 10
to 40 Years | |||||||||||||||||||
Focus Child Development Center | Dalton, GA | (a) | 396 | 1,396 | — | — | 396 | 1,396 | 1,792 | (70 | ) | 1996 | 06/29/16 | 10
to 40 Years | |||||||||||||||||||
Focus Child Development Center | Riverdale, GA | (a) | 436 | 525 | — | — | 436 | 525 | 961 | (32 | ) | 1965 | 06/29/16 | 10
to 40 Years | |||||||||||||||||||
Food City | Blairsville, GA | (d) | 1,652 | 3,102 | — | — | 1,652 | 3,102 | 4,754 | (517 | ) | 2001 | 09/30/14 | 10
to 30 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Food
City | Chattanooga, TN | (d) | 1,817 | 5,281 | — | — | 1,817 | 5,281 | 7,098 | (760 | ) | 1969 | 09/30/14 | 10
to 30 Years | |||||||||||||||||||
Food City | Dayton, TN | (d) | 1,122 | 6,767 | — | — | 1,122 | 6,767 | 7,889 | (740 | ) | 1999 | 09/30/14 | 10
to 40 Years | |||||||||||||||||||
Fox and Hound | Richmond, VA | (d) | 993 | 922 | — | — | 993 | 922 | 1,915 | (154 | ) | 2003 | 03/20/15 | 13
to 20 Years | |||||||||||||||||||
Fox Rehabilitation Services | Cherry Hill, NJ | (d) | 4,078 | 6,076 | — | — | 4,078 | 6,076 | 10,154 | (362 | ) | 1998 | 11/23/16 | 9
to 30 Years | |||||||||||||||||||
Fred's Super Dollar | Cabot, AR | (a) | 132 | 404 | — | — | 132 | 404 | 536 | (157 | ) | 1970 | 03/31/14 | 1
to 15 Years | |||||||||||||||||||
Fresenius Medical Care | Elizabethton, TN | (d) | 482 | 1,139 | — | — | 482 | 1,139 | 1,621 | (196 | ) | 2008 | 08/18/14 | 6
to 30 Years | |||||||||||||||||||
Fresenius Medical Care | Fairlea, WV | (d) | 298 | 1,280 | — | — | 298 | 1,280 | 1,578 | (196 | ) | 2009 | 08/18/14 | 10
to 40 Years | |||||||||||||||||||
Fuddruckers | Mesa, AZ | (a) | 1,318 | 234 | — | — | 1,318 | 234 | 1,552 | (261 | ) | 1995 | 06/25/04 | 15
to 20 Years | |||||||||||||||||||
Fuddruckers | Houston, TX | (a) | 1,098 | 439 | — | — | 1,098 | 439 | 1,537 | (382 | ) | 1995 | 06/25/04 | 15
to 40 Years | |||||||||||||||||||
Fuddruckers | Houston, TX | (a) | 1,156 | 352 | (22 | ) | — | 1,134 | 352 | 1,486 | (317 | ) | 1995 | 06/25/04 | 15
to 30 Years | ||||||||||||||||||
Fuddruckers | Glendale, AZ | (a) | 1,236 | 272 | — | — | 1,236 | 272 | 1,508 | (270 | ) | 1995 | 06/25/04 | 15
to 20 Years | |||||||||||||||||||
Fuddruckers | Kingwood, TX | (a) | 936 | 387 | — | (387 | ) | 936 | — | 936 | (198 | ) | 1994 | 06/25/04 | 15
to 30 Years | ||||||||||||||||||
Gardner School | Nashville, TN | (d) | 2,461 | 1,427 | — | — | 2,461 | 1,427 | 3,888 | (140 | ) | 1976 | 03/27/15 | 15
to 40 Years | |||||||||||||||||||
General Motors | Caldwell, TX | (a) | 1,775 | 1,725 | — | — | 1,775 | 1,725 | 3,500 | (1,061 | ) | 2000 | 04/29/11 | 11
to 36 Years | |||||||||||||||||||
Georgia Theatre | Danville, VA | (d) | 1,349 | 6,406 | — | — | 1,349 | 6,406 | 7,755 | (614 | ) | 2002 | 12/30/14 | 15
to 40 Years | |||||||||||||||||||
Georgia Theatre | Hinesville, GA | (d) | 2,049 | 5,216 | — | — | 2,049 | 5,216 | 7,265 | (513 | ) | 2001 | 12/30/14 | 15
to 40 Years | |||||||||||||||||||
Georgia Theatre | Valdosta, GA | (d) | 3,038 | 13,801 | — | — | 3,038 | 13,801 | 16,839 | (1,225 | ) | 2001 | 12/30/14 | 15
to 40 Years | |||||||||||||||||||
Georgia Theatre | Warner Robins, GA | (d) | 2,598 | 8,324 | — | — | 2,598 | 8,324 | 10,922 | (796 | ) | 2010 | 12/30/14 | 15
to 40 Years | |||||||||||||||||||
Gerber Collision & Glass | Clayton, NC | (a) | 684 | 1,254 | — | — | 684 | 1,254 | 1,938 | (200 | ) | 2001 | 03/31/14 | 7
to 30 Years | |||||||||||||||||||
Gerber Collision & Glass | Greensboro, NC | (a) | 721 | 1,179 | — | — | 721 | 1,179 | 1,900 | (208 | ) | 2002 | 03/31/14 | 7
to 30 Years | |||||||||||||||||||
Golden Chick | Weatherford, TX | (d) | 260 | 886 | — | 21 | 260 | 907 | 1,167 | (55 | ) | 2015 | 07/28/16 | 18
to 30 Years | |||||||||||||||||||
Golden Corral | Fort Smith, AR | (a) | 1,503 | 1,323 | — | — | 1,503 | 1,323 | 2,826 | (967 | ) | 1993 | 09/23/05 | 15
to 20 Years | |||||||||||||||||||
Golden Corral | Branson, MO | (a) | 1,497 | 1,684 | — | — | 1,497 | 1,684 | 3,181 | (888 | ) | 1994 | 09/23/05 | 15
to 30 Years | |||||||||||||||||||
Golden Corral | Springfield, MO | (a) | 1,655 | 1,467 | — | — | 1,655 | 1,467 | 3,122 | (855 | ) | 1993 | 09/23/05 | 15
to 30 Years | |||||||||||||||||||
Golden Corral | North Little Rock, AR | (a) | 1,398 | 1,289 | — | — | 1,398 | 1,289 | 2,687 | (884 | ) | 1993 | 09/23/05 | 15
to 20 Years |
Golden
Corral | Albuquerque, NM | (b) | 1,473 | 2,947 | — | — | 1,473 | 2,947 | 4,420 | (737 | ) | 2011 | 07/17/13 | 10
to 33 Years | |||||||||||||||||||
Golden Corral | Gallipolis, OH | (a) | 375 | 1,295 | — | — | 375 | 1,295 | 1,670 | (233 | ) | 1996 | 10/25/13 | 15
to 30 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Golden
Corral | Colonial Heights, VA | (a) | 1,947 | 500 | 37 | 1,463 | 1,984 | 1,963 | 3,947 | (180 | ) | 1989 | 10/25/13 | 15
to 40 Years | |||||||||||||||||||
Golden Corral | Lexington, NC | (a) | 910 | 1,059 | — | — | 910 | 1,059 | 1,969 | (224 | ) | 1998 | 10/25/13 | 15
to 30 Years | |||||||||||||||||||
Golden Corral | Danville, VA | (a) | 957 | 2,813 | — | — | 957 | 2,813 | 3,770 | (390 | ) | 2009 | 08/21/13 | 15
to 40 Years | |||||||||||||||||||
Golden Corral | Roanoke, VA | (a) | 1,362 | 1,836 | — | — | 1,362 | 1,836 | 3,198 | (311 | ) | 2000 | 08/21/13 | 15
to 30 Years | |||||||||||||||||||
Golden Corral | Lynchburg, VA | (a) | 2,033 | 2,013 | — | — | 2,033 | 2,013 | 4,046 | (402 | ) | 2000 | 08/21/13 | 15
to 30 Years | |||||||||||||||||||
Golden Corral | Decatur, AL | (b) | 1,157 | 1,725 | — | — | 1,157 | 1,725 | 2,882 | (390 | ) | 2004 | 07/17/13 | 10
to 30 Years | |||||||||||||||||||
Golden Corral | Florence, AL | (b) | 794 | 1,742 | — | — | 794 | 1,742 | 2,536 | (377 | ) | 1995 | 07/17/13 | 8
to 27 Years | |||||||||||||||||||
Gold's Gym | O'Fallon, IL | (d) | 2,243 | 5,002 | — | — | 2,243 | 5,002 | 7,245 | (882 | ) | 2005 | 07/17/13 | 6
to 37 Years | |||||||||||||||||||
Gold's Gym | O' Fallon, MO | (d) | 1,669 | 6,054 | — | — | 1,669 | 6,054 | 7,723 | (994 | ) | 2007 | 07/17/13 | 9
to 34 Years | |||||||||||||||||||
Gold's Gym | St. Peters, MO | (d) | 1,814 | 5,810 | — | — | 1,814 | 5,810 | 7,624 | (1,070 | ) | 2007 | 07/17/13 | 9
to 34 Years | |||||||||||||||||||
Gold's Gym | Clifton, CO | (a) | 1,280 | 6,975 | — | — | 1,280 | 6,975 | 8,255 | (641 | ) | 1983 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
Gold's Gym | Grand Junction, CO | (a) | 1,825 | 10,478 | — | — | 1,825 | 10,478 | 12,303 | (653 | ) | 2007 | 11/05/15 | 15
to 40 Years | |||||||||||||||||||
Gold's Gym | Pawtucket, RI | (a) | 946 | 3,093 | — | 28 | 946 | 3,121 | 4,067 | (230 | ) | 1980 | 06/28/16 | 5
to 30 Years | |||||||||||||||||||
Goodrich Quality Theaters | Portage, IN | (a) | 4,621 | 8,300 | — | — | 4,621 | 8,300 | 12,921 | (3,562 | ) | 2007 | 06/30/09 | 13
to 38 Years | |||||||||||||||||||
Goodrich Quality Theaters | Batavia, IL | (a) | 4,705 | 7,561 | — | — | 4,705 | 7,561 | 12,266 | (2,916 | ) | 1995 | 06/30/09 | 11
to 38 Years | |||||||||||||||||||
Goodrich Quality Theaters | Noblesville, IN | (a) | 1,760 | — | 2,338 | 10,172 | 4,098 | 10,172 | 14,270 | (3,831 | ) | 2008 | 06/30/09 | 14
to 39 Years | |||||||||||||||||||
Goodrich Quality Theaters | Siginaw, MI | (a) | 2,538 | 8,359 | — | — | 2,538 | 8,359 | 10,897 | (1,044 | ) | 2013 | 12/02/13 | 15
to 50 Years | |||||||||||||||||||
Goodrich Quality Theaters | Gibsonton, FL | (d) | 4,970 | 4,014 | — | 7,505 | 4,970 | 11,519 | 16,489 | (388 | ) | 2016 | 11/05/15 | 13
to 50 Years | |||||||||||||||||||
Gordmans | Peoria, IL | (d) | 2,407 | 5,452 | (1,490 | ) | (3,404 | ) | 917 | 2,048 | 2,965 | (59 | ) | 2006 | 07/17/13 | 2
to 36 Years | |||||||||||||||||
Grand Sport Restaurant | Tulsa, OK | (a) | 983 | 1,232 | (497 | ) | (573 | ) | 486 | 659 | 1,145 | (651 | ) | 1976 | 02/26/07 | 14
to 30 Years | |||||||||||||||||
H&E Equipment Services | Corpus Christi, TX | (d) | 1,790 | 1,267 | — | — | 1,790 | 1,267 | 3,057 | (376 | ) | 2014 | 09/30/14 | 11
to 30 Years | |||||||||||||||||||
Hajoca Corporation | D'Iberville, MS | (a) | 250 | 339 | — | — | 250 | 339 | 589 | (218 | ) | 1984 | 05/01/05 | 15
to 20 Years | |||||||||||||||||||
Hajoca Corporation | Aiken, SC | (a) | 108 | 265 | — | — | 108 | 265 | 373 | (154 | ) | 1985 | 05/01/05 | 15
to 20 Years | |||||||||||||||||||
Hajoca Corporation | Statesville, NC | (a) | 614 | 355 | — | — | 614 | 355 | 969 | (432 | ) | 1976 | 05/01/05 | 9
to 15 Years | |||||||||||||||||||
Hajoca Corporation | Greenville, SC | (a) | 344 | 210 | — | — | 344 | 210 | 554 | (272 | ) | 1981 | 05/01/05 | 9
to 15 Years | |||||||||||||||||||
Hajoca Corporation | West Columbia, SC | (a) | 262 | 598 | — | — | 262 | 598 | 860 | (375 | ) | 1984 | 05/01/05 | 9
to 20 Years | |||||||||||||||||||
Hajoca Corporation | Sebring, FL | (a) | 318 | 291 | — | — | 318 | 291 | 609 | (216 | ) | 1982 | 07/01/05 | 15
to 20 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Hardee's | East
Ellijay, GA | (a) | 562 | 354 | — | — | 562 | 354 | 916 | (270 | ) | 1984 | 12/29/05 | 15
to 20 Years | |||||||||||||||||||
Hardee's | Paxton, IL | (a) | 324 | 658 | — | — | 324 | 658 | 982 | (505 | ) | 1986 | 12/29/05 | 15
to 20 Years | |||||||||||||||||||
Hardee's | Adairsville, GA | (a) | 557 | 318 | — | — | 557 | 318 | 875 | (195 | ) | 1986 | 09/29/06 | 15
to 20 Years | |||||||||||||||||||
Hardee's | Parkersburg, WV | (a) | 416 | 658 | — | 75 | 416 | 733 | 1,149 | (486 | ) | 1986 | 03/07/07 | 4
to 20 Years | |||||||||||||||||||
Hardee's | Watertown, WI | (a) | 267 | 338 | — | — | 267 | 338 | 605 | (205 | ) | 1986 | 06/30/09 | 13
to 18 Years | |||||||||||||||||||
Hardee's | Mayfield, KY | (a) | 316 | 603 | — | — | 316 | 603 | 919 | (335 | ) | 1986 | 12/08/09 | 12
to 27 Years | |||||||||||||||||||
Hardee's | South Charleston, WV | (b) | 524 | 541 | — | — | 524 | 541 | 1,065 | (168 | ) | 1993 | 12/21/12 | 15
to 20 Years | |||||||||||||||||||
Hardee's | Weston, WV | (b) | 158 | 695 | — | — | 158 | 695 | 853 | (148 | ) | 1981 | 12/21/12 | 15
to 30 Years | |||||||||||||||||||
Hardee's | Buckhannon, WV | (b) | 438 | 529 | — | — | 438 | 529 | 967 | (177 | ) | 1978 | 12/21/12 | 15
to 20 Years | |||||||||||||||||||
Hardee's | Kingwood, WV | (b) | 618 | 677 | — | — | 618 | 677 | 1,295 | (229 | ) | 1979 | 12/21/12 | 15
to 20 Years | |||||||||||||||||||
Hardee's | Waynesburg, PA | (b) | 323 | 918 | — | — | 323 | 918 | 1,241 | (221 | ) | 1982 | 12/21/12 | 15
to 30 Years | |||||||||||||||||||
Hardee's | So. Parkersburg, WV | (b) | 383 | 404 | — | — | 383 | 404 | 787 | (138 | ) | 1986 | 12/21/12 | 15
to 20 Years | |||||||||||||||||||
Hardee's | Bristol, VA | (b) | 492 | 366 | — | — | 492 | 366 | 858 | (169 | ) | 1982 | 12/21/12 | 15
to 20 Years | |||||||||||||||||||
Hardee's | Parkersburg, WV | (b) | 457 | 309 | — | — | 457 | 309 | 766 | (204 | ) | 1999 | 12/21/12 | 10
to 15 Years | |||||||||||||||||||
Hardee's | Bristol, TN | (b) | 474 | 282 | — | — | 474 | 282 | 756 | (178 | ) | 1985 | 12/21/12 | 10
to 15 Years | |||||||||||||||||||
Hardee's | Mount Carmel, TN | (b) | 499 | 536 | — | — | 499 | 536 | 1,035 | (162 | ) | 1988 | 12/21/12 | 15
to 30 Years | |||||||||||||||||||
Hardee's | Philippi, WV | (b) | 405 | 232 | — | — | 405 | 232 | 637 | (166 | ) | 1986 | 12/21/12 | 10
to 15 Years | |||||||||||||||||||
Hardee's | Elizabethton, TN | (b) | 735 | 278 | — | — | 735 | 278 | 1,013 | (127 | ) | 1971 | 12/21/12 | 15
to 20 Years | |||||||||||||||||||
Hardee's | Johnson City, TN | (b) | 718 | 450 | — | — | 718 | 450 | 1,168 | (206 | ) | 1983 | 12/21/12 | 15
to 20 Years | |||||||||||||||||||
Hardee's | Bristol, VA | (b) | 369 | 564 | — | — | 369 | 564 | 933 | (190 | ) | 1991 | 12/21/12 | 15
to 20 Years | |||||||||||||||||||
Hardee's | Rogersville, TN | (b) | 384 | 964 | — | — | 384 | 964 | 1,348 | (229 | ) | 1986 | 12/21/12 | 15
to 30 Years | |||||||||||||||||||
Hardee's | Jonesborough, TN | (b) | 576 | 329 | — | — | 576 | 329 | 905 | (136 | ) | 1987 | 12/21/12 | 15
to 20 Years | |||||||||||||||||||
Hardee's | Kingsport, TN | (b) | 384 | 877 | — | — | 384 | 877 | 1,261 | (210 | ) | 1992 | 12/21/12 | 15
to 30 Years | |||||||||||||||||||
Hardee's | Eureka, IL | (b) | 307 | 338 | — | — | 307 | 338 | 645 | (238 | ) | 1980 | 12/21/12 | 10
to 15 Years | |||||||||||||||||||
Hardee's | Peoria, IL | (b) | 383 | 270 | — | — | 383 | 270 | 653 | (176 | ) | 1980 | 12/21/12 | 10
to 15 Years | |||||||||||||||||||
Hardee's | Bartonville, IL | (b) | 410 | 856 | — | — | 410 | 856 | 1,266 | (223 | ) | 1980 | 12/21/12 | 15
to 30 Years | |||||||||||||||||||
Hardee's | Fort Madison, IA | (b) | 191 | 620 | — | — | 191 | 620 | 811 | (143 | ) | 1980 | 12/21/12 | 15
to 30 Years | |||||||||||||||||||
Hardee's | Havana, IL | (b) | 439 | 297 | — | — | 439 | 297 | 736 | (230 | ) | 1980 | 12/21/12 | 10
to 15 Years | |||||||||||||||||||
Hardee's | Washington, IL | (b) | 264 | 460 | — | — | 264 | 460 | 724 | (159 | ) | 1980 | 12/21/12 | 15
to 20 Years | |||||||||||||||||||
Hardee's | Normal, IL | (b) | 394 | 240 | — | — | 394 | 240 | 634 | (153 | ) | 1980 | 12/21/12 | 10
to 15 Years | |||||||||||||||||||
Hardee's | Peoria, IL | (b) | 282 | 435 | — | — | 282 | 435 | 717 | (154 | ) | 1980 | 12/21/12 | 15
to 20 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Hardee's | Hawkinsville,
GA | (a) | 169 | 946 | — | — | 169 | 946 | 1,115 | (158 | ) | 1986 | 12/24/13 | 15
to 30 Years | |||||||||||||||||||
Hardee's | Atlanta, GA | (a) | 309 | 867 | — | — | 309 | 867 | 1,176 | (147 | ) | 1994 | 12/24/13 | 15
to 30 Years | |||||||||||||||||||
Hardee's | Monroe, GA | (a) | 618 | 787 | — | — | 618 | 787 | 1,405 | (150 | ) | 1977 | 12/24/13 | 15
to 30 Years | |||||||||||||||||||
Hardee's | Warner Robins, GA | (a) | 229 | 887 | — | — | 229 | 887 | 1,116 | (161 | ) | 1978 | 12/24/13 | 15
to 30 Years | |||||||||||||||||||
Hardee's | Griffin, GA | (a) | 249 | 877 | — | — | 249 | 877 | 1,126 | (146 | ) | 1979 | 12/24/13 | 15
to 30 Years | |||||||||||||||||||
Hardee's | Commerce, GA | (a) | 219 | 797 | — | — | 219 | 797 | 1,016 | (138 | ) | 1990 | 12/24/13 | 15
to 30 Years | |||||||||||||||||||
Hardee's | Forsyth, GA | (a) | 249 | 936 | — | — | 249 | 936 | 1,185 | (162 | ) | 1983 | 12/24/13 | 15
to 30 Years | |||||||||||||||||||
Hardee's | Cumming, GA | (a) | 408 | 827 | — | — | 408 | 827 | 1,235 | (150 | ) | 1988 | 12/24/13 | 15
to 30 Years | |||||||||||||||||||
Hardee's | McDonough, GA | (a) | 179 | 806 | — | 1 | 179 | 807 | 986 | (134 | ) | 1989 | 12/24/13 | 15
to 30 Years | |||||||||||||||||||
Hardee's | McDonough, GA | (a) | 418 | 847 | — | — | 418 | 847 | 1,265 | (158 | ) | 1995 | 12/24/13 | 15
to 30 Years | |||||||||||||||||||
Hardee's | Moultrie, GA | (a) | 359 | 827 | — | — | 359 | 827 | 1,186 | (139 | ) | 1997 | 12/24/13 | 15
to 30 Years | |||||||||||||||||||
Hardee's | Thomasville, GA | (a) | 408 | 837 | — | — | 408 | 837 | 1,245 | (143 | ) | 1985 | 12/24/13 | 15
to 30 Years | |||||||||||||||||||
Hardee's | Quitman, GA | (a) | 259 | 936 | — | — | 259 | 936 | 1,195 | (157 | ) | 1985 | 12/24/13 | 15
to 30 Years | |||||||||||||||||||
Hardee's | Graceville, FL | (a) | 279 | 1,036 | — | — | 279 | 1,036 | 1,315 | (186 | ) | 1985 | 12/24/13 | 15
to 30 Years | |||||||||||||||||||
Hardee's | Pearson, GA | (a) | 159 | 817 | — | — | 159 | 817 | 976 | (141 | ) | 1994 | 12/24/13 | 15
to 30 Years | |||||||||||||||||||
Hardee's | Emporia, KS | (a) | 508 | 1,175 | — | — | 508 | 1,175 | 1,683 | (205 | ) | 1969 | 12/24/13 | 15
to 30 Years | |||||||||||||||||||
Hardee's | Rolla, MO | (a) | 229 | 857 | — | — | 229 | 857 | 1,086 | (146 | ) | 1978 | 12/24/13 | 15
to 30 Years | |||||||||||||||||||
Hardee's | Independence, MO | (a) | 279 | 936 | — | — | 279 | 936 | 1,215 | (157 | ) | 1979 | 12/24/13 | 15
to 30 Years | |||||||||||||||||||
Hardee's | Kansas City, MO | (a) | 538 | 936 | — | — | 538 | 936 | 1,474 | (167 | ) | 1979 | 12/24/13 | 15
to 30 Years | |||||||||||||||||||
Hardee's | Kansas City, KS | (a) | 289 | 1,066 | — | — | 289 | 1,066 | 1,355 | (179 | ) | 1980 | 12/24/13 | 15
to 30 Years | |||||||||||||||||||
Hardee's | Trenton, MO | (a) | 309 | 1,175 | — | — | 309 | 1,175 | 1,484 | (197 | ) | 1976 | 12/24/13 | 15
to 30 Years | |||||||||||||||||||
Hardee's | Harrisonville, MO | (a) | 369 | 1,195 | — | — | 369 | 1,195 | 1,564 | (202 | ) | 1981 | 12/24/13 | 15
to 30 Years | |||||||||||||||||||
Hardee's | Lees Summit, MO | (a) | 319 | 906 | — | — | 319 | 906 | 1,225 | (158 | ) | 1985 | 12/24/13 | 15
to 30 Years | |||||||||||||||||||
Hardee's | Columbia, MO | (a) | 339 | 1,126 | — | — | 339 | 1,126 | 1,465 | (182 | ) | 1985 | 12/24/13 | 15
to 30 Years | |||||||||||||||||||
Harp's Marketplace | Fort Smith, AR | (a) | 837 | 1,831 | — | — | 837 | 1,831 | 2,668 | (395 | ) | 1994 | 04/30/14 | 3
to 20 Years | |||||||||||||||||||
Hartford Provision Company | South Windsor, CT | (d) | 1,590 | 6,774 | — | 502 | 1,590 | 7,276 | 8,866 | (1,013 | ) | 1982 | 05/05/15 | 7
to 20 Years | |||||||||||||||||||
Havana Farm and Home Supply | Havana, IL | (d) | 526 | 813 | — | — | 526 | 813 | 1,339 | (445 | ) | 2000 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
HD Supply | West Columbia, SC | (a) | 324 | 108 | — | — | 324 | 108 | 432 | (88 | ) | 1989 | 05/01/05 | 15
to 20 Years | |||||||||||||||||||
HD Supply | Tontitown, AR | (a) | 230 | 92 | — | — | 230 | 92 | 322 | (91 | ) | 1987 | 05/01/05 | 15
to 20 Years | |||||||||||||||||||
HD Supply | Indianapolis, IN | (a) | 607 | 520 | — | — | 607 | 520 | 1,127 | (380 | ) | 1990 | 05/01/05 | 15
to 20 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
HD
Supply | Knoxville, TN | (a) | 259 | 111 | — | — | 259 | 111 | 370 | (185 | ) | 1981 | 05/01/05 | 10
to 15 Years | |||||||||||||||||||
HD Supply | Wilmington, NC | (a) | 370 | 122 | — | — | 370 | 122 | 492 | (110 | ) | 1987 | 05/01/05 | 15
to 20 Years | |||||||||||||||||||
HD Supply | Lawrenceville, GA | (a) | 500 | 237 | — | — | 500 | 237 | 737 | (211 | ) | 1996 | 05/01/05 | 15
to 30 Years | |||||||||||||||||||
HD Supply | Roanoke, VA | (a) | 333 | 124 | — | — | 333 | 124 | 457 | (184 | ) | 1975 | 05/01/05 | 10
to 15 Years | |||||||||||||||||||
HD Supply | Hickory, NC | (a) | 199 | 262 | — | — | 199 | 262 | 461 | (210 | ) | 1989 | 05/01/05 | 15
to 20 Years | |||||||||||||||||||
HD Supply | Florence, SC | (a) | 221 | 174 | — | — | 221 | 174 | 395 | (226 | ) | 1974 | 05/01/05 | 10
to 15 Years | |||||||||||||||||||
HD Supply | Martinsburg, WV | (a) | 173 | 20 | — | — | 173 | 20 | 193 | (50 | ) | 1972 | 05/01/05 | 10
to 15 Years | |||||||||||||||||||
HD Supply | Spokane, WA | (a) | 518 | 193 | — | — | 518 | 193 | 711 | (186 | ) | 1998 | 05/01/05 | 15
to 30 Years | |||||||||||||||||||
HD Supply | Greer, SC | (a) | 268 | 236 | — | — | 268 | 236 | 504 | (176 | ) | 1993 | 05/01/05 | 15
to 30 Years | |||||||||||||||||||
HD Supply | Jacksonville, FL | (a) | 339 | 226 | — | — | 339 | 226 | 565 | (207 | ) | 1987 | 07/01/05 | 15
to 20 Years |
HD Supply | Jacksonville, FL | (a) | 963 | 1,007 | — | — | 963 | 1,007 | 1,970 | (1,008 | ) | 2001 | 07/01/05 | 9
to 20 Years | |||||||||||||||||||
HD Supply | Conroe, TX | (a) | 492 | 723 | — | — | 492 | 723 | 1,215 | (363 | ) | 1999 | 07/01/05 | 14
to 30 Years | |||||||||||||||||||
HD Supply | Pompano Beach, FL | (a) | 1,144 | 337 | — | — | 1,144 | 337 | 1,481 | (252 | ) | 1990 | 07/01/05 | 15
to 30 Years | |||||||||||||||||||
HD Supply | Riviera Beach, FL | (a) | 500 | 170 | — | — | 500 | 170 | 670 | (156 | ) | 1987 | 07/01/05 | 15
to 20 Years | |||||||||||||||||||
Health Point Family Medicine | Franklin, TX | (d) | 159 | 1,124 | — | 29 | 159 | 1,153 | 1,312 | (157 | ) | 2012 | 08/18/14 | 4
to 40 Years | |||||||||||||||||||
Heartland Dental | Bullhead City, AZ | (a) | 57 | 946 | — | — | 57 | 946 | 1,003 | (94 | ) | 2005 | 04/08/14 | 15
to 40 Years | |||||||||||||||||||
Heartland Dental | Glendale, AZ | (a) | 371 | 491 | — | — | 371 | 491 | 862 | (71 | ) | 1988 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | Brandon, FL | (a) | 110 | 671 | — | — | 110 | 671 | 781 | (86 | ) | 1999 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | Ocala, FL | (a) | 23 | 547 | — | — | 23 | 547 | 570 | (68 | ) | 1984 | 04/08/14 | 30
to 30 Years | |||||||||||||||||||
Heartland Dental | Gainesville, FL | (a) | 180 | 711 | — | — | 180 | 711 | 891 | (94 | ) | 1941 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | Largo, FL | (a) | 150 | 311 | — | — | 150 | 311 | 461 | (44 | ) | 1962 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | New Port Richey, FL | (a) | 274 | 1,162 | — | — | 274 | 1,162 | 1,436 | (160 | ) | 2004 | 04/08/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | New Port Richey, FL | (a) | 456 | 1,151 | — | — | 456 | 1,151 | 1,607 | (178 | ) | 2004 | 04/08/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | Melbourne, FL | (a) | 321 | 651 | — | — | 321 | 651 | 972 | (89 | ) | 1987 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | Okeechobee, FL | (a) | 190 | 521 | — | — | 190 | 521 | 711 | (73 | ) | 1990 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | Debary, FL | (a) | 100 | 641 | — | — | 100 | 641 | 741 | (90 | ) | 1989 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | Orlando, FL | (a) | 291 | 230 | — | — | 291 | 230 | 521 | (36 | ) | 1979 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | Vero Beach, FL | (a) | 220 | 731 | — | — | 220 | 731 | 951 | (101 | ) | 1974 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | Jacksonville, FL | (a) | 57 | 365 | — | — | 57 | 365 | 422 | (48 | ) | 1986 | 04/08/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | Columbus, GA | (a) | 190 | 531 | — | — | 190 | 531 | 721 | (89 | ) | 1993 | 03/31/14 | 15
to 30 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Heartland
Dental | Eastman, GA | (a) | 130 | 551 | — | — | 130 | 551 | 681 | (89 | ) | 1988 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | Monroe, GA | (a) | 110 | 631 | — | — | 110 | 631 | 741 | (94 | ) | 2001 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | Clayton, GA | (a) | 70 | 311 | — | — | 70 | 311 | 381 | (49 | ) | 1963 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | Springfield, IL | (a) | 451 | 1,162 | — | — | 451 | 1,162 | 1,613 | (180 | ) | 1992 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | Litchfield, IL | (a) | 210 | 311 | — | — | 210 | 311 | 521 | (73 | ) | 1962 | 03/31/14 | 15
to 20 Years | |||||||||||||||||||
Heartland Dental | Maryville, IL | (a) | 301 | 401 | — | — | 301 | 401 | 702 | (70 | ) | 1995 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | Belleville, IL | (a) | 140 | 431 | — | — | 140 | 431 | 571 | (91 | ) | 1979 | 03/31/14 | 15
to 20 Years | |||||||||||||||||||
Heartland Dental | East Alton, IL | (a) | 170 | 80 | — | — | 170 | 80 | 250 | (28 | ) | 1960 | 03/31/14 | 15
to 20 Years | |||||||||||||||||||
Heartland Dental | Litchfield, IL | (a) | 110 | 120 | — | — | 110 | 120 | 230 | (25 | ) | 1962 | 03/31/14 | 15
to 20 Years | |||||||||||||||||||
Heartland Dental | Crystal Lake, IL | (a) | 200 | 631 | — | — | 200 | 631 | 831 | (96 | ) | 2001 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | Marion, IN | (a) | 140 | 321 | — | — | 140 | 321 | 461 | (58 | ) | 1988 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | Logansport, IN | (a) | 30 | 421 | — | — | 30 | 421 | 451 | (55 | ) | 1920 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | Fort Wayne, IN | (a) | 150 | 1,022 | — | — | 150 | 1,022 | 1,172 | (111 | ) | 1965 | 03/31/14 | 15
to 40 Years | |||||||||||||||||||
Heartland Dental | Anderson, IN | (a) | 411 | 1,673 | — | — | 411 | 1,673 | 2,084 | (182 | ) | 1981 | 03/31/14 | 15
to 40 Years | |||||||||||||||||||
Heartland Dental | Westfield, IN | (a) | 361 | 751 | — | — | 361 | 751 | 1,112 | (106 | ) | 1992 | 03/31/14 | 15
to 40 Years | |||||||||||||||||||
Heartland Dental | South Bend, IN | (a) | 341 | 321 | — | — | 341 | 321 | 662 | (78 | ) | 1955 | 03/31/14 | 15
to 20 Years | |||||||||||||||||||
Heartland Dental | Evansville, IN | (a) | 130 | 391 | — | — | 130 | 391 | 521 | (61 | ) | 1986 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | Osceola, IN | (a) | 291 | 671 | — | — | 291 | 671 | 962 | (108 | ) | 1996 | 03/31/14 | 15
to 40 Years | |||||||||||||||||||
Heartland Dental | Marion, IN | (a) | 130 | 421 | — | — | 130 | 421 | 551 | (70 | ) | 1974 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | Elkhart, IN | (a) | 90 | 341 | — | — | 90 | 341 | 431 | (48 | ) | 1969 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | Springfield, MO | (a) | 561 | 631 | — | — | 561 | 631 | 1,192 | (104 | ) | 1996 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | Columbia, MO | (a) | 1,012 | 7,054 | — | — | 1,012 | 7,054 | 8,066 | (724 | ) | 2004 | 03/31/14 | 15
to 40 Years | |||||||||||||||||||
Heartland Dental | Raytown, MO | (a) | 80 | 631 | — | — | 80 | 631 | 711 | (91 | ) | 1989 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | Brandon, MS | (a) | 200 | 281 | — | — | 200 | 281 | 481 | (58 | ) | 1986 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | Vicksburg, MS | (a) | 150 | 351 | — | — | 150 | 351 | 501 | (61 | ) | 1984 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | Rio Rancho, NM | (a) | 301 | 461 | — | — | 301 | 461 | 762 | (75 | ) | 1992 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | Gahanna, OH | (a) | 411 | 982 | — | — | 411 | 982 | 1,393 | (152 | ) | 1998 | 03/31/14 | 15
to 40 Years | |||||||||||||||||||
Heartland Dental | Pataskala, OH | (a) | 261 | 782 | — | — | 261 | 782 | 1,043 | (93 | ) | 1995 | 03/31/14 | 15
to 40 Years | |||||||||||||||||||
Heartland Dental | Defiance, OH | (a) | 130 | 491 | — | — | 130 | 491 | 621 | (76 | ) | 1959 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | Camp Hill, PA | (a) | 180 | 581 | — | — | 180 | 581 | 761 | (85 | ) | 1991 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | Mechanicsburg, PA | (a) | 231 | 1,032 | 152 | — | 383 | 1,032 | 1,415 | (147 | ) | 1990 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | York, PA | (a) | 100 | 481 | — | — | 100 | 481 | 581 | (68 | ) | 1984 | 03/31/14 | 15
to 30 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Heartland
Dental | Waynesboro, PA | (a) | 100 | 601 | — | — | 100 | 601 | 701 | (66 | ) | 1957 | 03/31/14 | 15
to 40 Years | |||||||||||||||||||
Heartland Dental | Camp Hill, PA | (a) | 140 | 641 | — | — | 140 | 641 | 781 | (90 | ) | 1990 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | Hartsville, SC | (a) | 90 | 180 | — | — | 90 | 180 | 270 | (24 | ) | 1973 | 03/31/14 | 15
to 40 Years | |||||||||||||||||||
Heartland Dental | Spartanburg, SC | (a) | 150 | 401 | — | — | 150 | 401 | 551 | (60 | ) | 1992 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | North Myrtle Beach, SC | (a) | 581 | 601 | — | — | 581 | 601 | 1,182 | (115 | ) | 2004 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | Clarksville, TN | (a) | 281 | 531 | — | — | 281 | 531 | 812 | (76 | ) | 1997 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | Germantown, TN | (a) | 91 | 171 | — | — | 91 | 171 | 262 | (19 | ) | 1984 | 04/08/14 | 15
to 40 Years | |||||||||||||||||||
Heartland Dental | Memphis, TN | (a) | 91 | 490 | — | — | 91 | 490 | 581 | (67 | ) | 1987 | 04/08/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | Wylie, TX | (a) | 210 | 912 | — | — | 210 | 912 | 1,122 | (132 | ) | 1986 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | Devine, TX | (a) | 240 | 481 | — | — | 240 | 481 | 721 | (83 | ) | 2002 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | Longview, TX | (a) | 200 | 601 | — | — | 200 | 601 | 801 | (98 | ) | 2003 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
Heartland Dental | Wittenberg, WI | (a) | 41 | 210 | — | — | 41 | 210 | 251 | (29 | ) | 1982 | 03/31/14 | 15
to 30 Years | |||||||||||||||||||
HHI-Formtech | Troy, MI | (a) | 1,128 | 947 | — | — | 1,128 | 947 | 2,075 | (388 | ) | 1952 | 03/10/06 | 15
to 30 Years | |||||||||||||||||||
HHI-Formtech | Royal Oak, MI | (a) | 3,426 | 7,071 | — | — | 3,426 | 7,071 | 10,497 | (2,850 | ) | 1952 | 03/10/06 | 15
to 30 Years | |||||||||||||||||||
High Heaven Trampoline Park | Flowood, MS | (d) | 900 | 1,137 | — | — | 900 | 1,137 | 2,037 | (167 | ) | 1995 | 11/13/15 | 9
to 20 Years | |||||||||||||||||||
High Rise Extreme Air Sports | Rogers, AR | (d) | 635 | 2,376 | — | — | 635 | 2,376 | 3,011 | (209 | ) | 2014 | 09/30/15 | 9
to 40 Years | |||||||||||||||||||
Hobby Lobby | Littleton, CO | (d) | 7,839 | 9,299 | — | — | 7,839 | 9,299 | 17,138 | (3,562 | ) | 1991 | 07/17/13 | 5
to 17 Years | |||||||||||||||||||
HOM Furniture | Hermantown, MN | (a) | 1,881 | 7,761 | — | — | 1,881 | 7,761 | 9,642 | (2,539 | ) | 2003 | 04/08/05 | 15
to 40 Years | |||||||||||||||||||
HOM Furniture | Eau Claire, WI | (a) | 1,597 | 6,964 | — | — | 1,597 | 6,964 | 8,561 | (3,060 | ) | 2004 | 04/08/05 | 15
to 30 Years | |||||||||||||||||||
HOM Furniture | Fargo, ND | (d) | 2,095 | 8,525 | — | — | 2,095 | 8,525 | 10,620 | (1,376 | ) | 2005 | 07/17/13 | 8
to 32 Years | |||||||||||||||||||
Home Depot | Lakewood, CO | (c) | 3,822 | — | — | — | 3,822 | — | 3,822 | — | (f) | 07/17/13 | (f) | ||||||||||||||||||||
Home
Depot | Colma, CA | (d) | 21,065 | 13,597 | — | 481 | 21,065 | 14,078 | 35,143 | (2,376 | ) | 1995 | 07/17/13 | 2
to 33 Years | |||||||||||||||||||
Home Depot | Memphis, TN | (d) | 3,777 | 10,303 | — | 43 | 3,777 | 10,346 | 14,123 | (390 | ) | 1996 | 02/28/17 | 9
to 30 Years | |||||||||||||||||||
Home Depot | Highland Heights, OH | (d) | 4,897 | 11,272 | — | 43 | 4,897 | 11,315 | 16,212 | (427 | ) | 1995 | 02/21/17 | 3
to 30 Years | |||||||||||||||||||
Home Depot | Tempe, AZ | (d) | 7,417 | 9,795 | — | 41 | 7,417 | 9,836 | 17,253 | (391 | ) | 1978 | 05/12/17 | 10
to 30 Years | |||||||||||||||||||
Hooters | Richmond, VA | (a) | 1,253 | 1,410 | — | 29 | 1,253 | 1,439 | 2,692 | (586 | ) | 1977 | 11/28/06 | 15
to 30 Years | |||||||||||||||||||
Hooters | Midlothian, VA | (a) | 823 | 1,151 | — | 246 | 823 | 1,397 | 2,220 | (572 | ) | 1994 | 11/28/06 | 15
to 30 Years | |||||||||||||||||||
Hughes | Bowling Green, KY | (a) | 136 | 228 | — | — | 136 | 228 | 364 | (112 | ) | 1993 | 05/01/05 | 15
to 30 Years | |||||||||||||||||||
Humperdinks | Arlington, TX | (a) | 2,064 | 2,043 | — | — | 2,064 | 2,043 | 4,107 | (888 | ) | 1995 | 07/01/05 | 15
to 30 Years | |||||||||||||||||||
IBM | Greece, NY | (d) | 1,419 | 20,548 | — | (11,004 | ) | 1,419 | 9,544 | 10,963 | (124 | ) | 1989 | 08/02/17 | 10
to 40 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
IBM | Columbus,
OH | (d) | 3,154 | 19,715 | — | 12,816 | 3,154 | 32,531 | 35,685 | (578 | ) | 1989 | 08/02/17 | 5
to 30 Years | |||||||||||||||||||
III Forks | Dallas, TX | (b) | 2,965 | 9,066 | — | — | 2,965 | 9,066 | 12,031 | (1,294 | ) | 1998 | 07/17/13 | 11
to 35 Years | |||||||||||||||||||
Industrial | New Castle, PA | (d) | 1,084 | 5,507 | — | — | 1,084 | 5,507 | 6,591 | (1,243 | ) | 1999 | 07/17/13 | 8
to 26 Years | |||||||||||||||||||
In-Shape | Modesto, CA | (d) | 2,350 | 5,923 | — | — | 2,350 | 5,923 | 8,273 | (860 | ) | 1964 | 12/05/14 | 10
to 30 Years | |||||||||||||||||||
In-Shape | Manteca, CA | (d) | 796 | 2,062 | — | — | 796 | 2,062 | 2,858 | (185 | ) | 2001 | 09/04/15 | 15
to 30 Years | |||||||||||||||||||
J. Jill | Tilton, NH | (c) | 7,420 | 19,608 | — | — | 7,420 | 19,608 | 27,028 | (5,512 | ) | 1998 | 07/17/13 | 8
to 25 Years | |||||||||||||||||||
Jack in the Box | Auburn, CA | (a) | 579 | 299 | — | — | 579 | 299 | 878 | (155 | ) | 1992 | 12/29/06 | 15
to 30 Years | |||||||||||||||||||
Jack Stack Barbeque | Overland Park, KS | (a) | 2,549 | 3,219 | — | — | 2,549 | 3,219 | 5,768 | (480 | ) | 1983 | 05/15/14 | 15
to 30 Years | |||||||||||||||||||
Jiffy Lube | Bonita Springs, FL | (b) | 582 | 312 | — | 101 | 582 | 413 | 995 | (125 | ) | 1990 | 03/19/13 | 10
to 30 Years | |||||||||||||||||||
Jiffy Lube | Sarasota, FL | (b) | 386 | 312 | — | 141 | 386 | 453 | 839 | (137 | ) | 1987 | 03/19/13 | 10
to 30 Years | |||||||||||||||||||
Jiffy Lube | Naples, FL | (b) | 333 | 302 | — | 121 | 333 | 423 | 756 | (122 | ) | 1990 | 03/19/13 | 10
to 30 Years | |||||||||||||||||||
Jiffy Lube | Largo, FL | (b) | 416 | 493 | — | 111 | 416 | 604 | 1,020 | (160 | ) | 1989 | 03/19/13 | 10
to 30 Years | |||||||||||||||||||
Jiffy Lube | Fort Myers, FL | (b) | 555 | 312 | — | 131 | 555 | 443 | 998 | (141 | ) | 1990 | 03/19/13 | 10
to 30 Years | |||||||||||||||||||
Jiffy Lube | Sarasota, FL | (b) | 278 | 312 | — | 131 | 278 | 443 | 721 | (123 | ) | 1987 | 03/19/13 | 10
to 30 Years | |||||||||||||||||||
Jiffy Lube | Clearwater, FL | (b) | 463 | 443 | — | 131 | 463 | 574 | 1,037 | (158 | ) | 1989 | 03/19/13 | 10
to 30 Years | |||||||||||||||||||
Jiffy Lube | Bradenton, FL | (b) | 594 | 493 | — | 222 | 594 | 715 | 1,309 | (225 | ) | 1988 | 03/19/13 | 10
to 30 Years | |||||||||||||||||||
Jo-Ann's | Reading, PA | (d) | 449 | 3,222 | — | — | 449 | 3,222 | 3,671 | (366 | ) | 1998 | 07/17/13 | 8
to 40 Years | |||||||||||||||||||
Jo-Ann's | Alpharetta, GA | (d) | 2,819 | 3,139 | — | — | 2,819 | 3,139 | 5,958 | (475 | ) | 2000 | 07/17/13 | 5
to 43 Years |
Joe's Crab Shack | Beaumont, TX | (a) | 1,435 | 1,541 | — | — | 1,435 | 1,541 | 2,976 | (758 | ) | 1997 | 06/29/07 | 15
to 40 Years | |||||||||||||||||||
Joe's Crab Shack | Plano, TX | (a) | 2,418 | 1,529 | — | — | 2,418 | 1,529 | 3,947 | (672 | ) | 1998 | 06/29/07 | 15
to 40 Years | |||||||||||||||||||
Joe's Crab Shack | Colorado Springs, CO | (a) | 674 | 519 | — | — | 674 | 519 | 1,193 | (146 | ) | 1989 | 11/19/12 | 5
to 30 Years | |||||||||||||||||||
Kansas Bar and Grill | Emporia, KS | (a) | 657 | 219 | — | — | 657 | 219 | 876 | (43 | ) | 1997 | 06/04/14 | 15
to 30 Years | |||||||||||||||||||
Kansas Bar and Grill | Winfield, KS | (a) | 239 | 866 | — | — | 239 | 866 | 1,105 | (144 | ) | 1995 | 06/04/14 | 15
to 30 Years | |||||||||||||||||||
Kansas Bar and Grill | Colby, KS | (a) | 269 | 567 | — | — | 269 | 567 | 836 | (101 | ) | 1987 | 06/04/14 | 15
to 30 Years | |||||||||||||||||||
Kansas Bar and Grill | Dodge City, KS | (a) | 249 | 587 | — | — | 249 | 587 | 836 | (87 | ) | 1985 | 06/04/14 | 15
to 30 Years | |||||||||||||||||||
Kansas Bar and Grill | Newton, KS | (a) | 175 | 661 | — | — | 175 | 661 | 836 | (106 | ) | 1987 | 06/30/14 | 15
to 30 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Kansas
Buffet Company | Stillwater, OK | (a) | 647 | 687 | — | — | 647 | 687 | 1,334 | (118 | ) | 1987 | 06/04/14 | 15
to 30 Years | |||||||||||||||||||
Kansas Buffet Company | Hutchinson, KS | (a) | 895 | 856 | — | — | 895 | 856 | 1,751 | (150 | ) | 1987 | 06/04/14 | 15
to 30 Years | |||||||||||||||||||
Kansas Buffet Company | Ottawa, KS | (a) | 348 | 816 | — | — | 348 | 816 | 1,164 | (126 | ) | 1987 | 06/04/14 | 15
to 30 Years | |||||||||||||||||||
Kansas Buffet Company | Arkansas city, KS | (a) | 239 | 975 | — | — | 239 | 975 | 1,214 | (154 | ) | 1987 | 06/04/14 | 15
to 30 Years | |||||||||||||||||||
Kansas Buffet Company | Topeka, KS | (a) | 1,224 | 905 | — | — | 1,224 | 905 | 2,129 | (187 | ) | 1988 | 06/04/14 | 15
to 30 Years | |||||||||||||||||||
K-Bob's Steakhouse | Fredericksburg, TX | (d) | 511 | 1,516 | — | — | 511 | 1,516 | 2,027 | (290 | ) | 1985 | 07/17/13 | 11
to 30 Years | |||||||||||||||||||
Kerry's Car Care | Phoenix, AZ | (a) | 956 | 1,485 | — | — | 956 | 1,485 | 2,441 | (125 | ) | 2015 | 06/24/16 | 4
to 40 Years | |||||||||||||||||||
KFC | Atlanta, GA | (a) | 513 | 483 | — | — | 513 | 483 | 996 | (122 | ) | 2002 | 02/02/12 | 15
to 30 Years | |||||||||||||||||||
KFC | Roswell, GA | (a) | 513 | 559 | — | — | 513 | 559 | 1,072 | (111 | ) | 2006 | 02/02/12 | 15
to 40 Years | |||||||||||||||||||
KFC | Kansas City, KS | (a) | 349 | 425 | — | — | 349 | 425 | 774 | (114 | ) | 1977 | 10/03/11 | 14
to 29 Years | |||||||||||||||||||
KFC | Milan, IL | (b) | 161 | 533 | — | — | 161 | 533 | 694 | (128 | ) | 1997 | 10/03/11 | 15
to 30 Years | |||||||||||||||||||
KFC | Davenport, IA | (b) | 441 | 646 | — | — | 441 | 646 | 1,087 | (196 | ) | 2002 | 10/03/11 | 15
to 30 Years | |||||||||||||||||||
KFC | Independence, MO | (b) | 396 | 1,074 | — | — | 396 | 1,074 | 1,470 | (285 | ) | 1984 | 10/03/11 | 15
to 30 Years | |||||||||||||||||||
KFC | Kansas City, KS | (b) | 594 | 904 | — | — | 594 | 904 | 1,498 | (254 | ) | 1999 | 10/03/11 | 15
to 30 Years | |||||||||||||||||||
KFC | La Vista, NE | (b) | 499 | 664 | — | — | 499 | 664 | 1,163 | (172 | ) | 1992 | 10/03/11 | 15
to 30 Years | |||||||||||||||||||
KFC | Omaha, NE | (b) | 539 | 380 | — | — | 539 | 380 | 919 | (73 | ) | 2006 | 10/03/11 | 15
to 40 Years | |||||||||||||||||||
KFC | Calhoun, GA | (b) | 503 | 713 | — | — | 503 | 713 | 1,216 | (179 | ) | 1988 | 02/02/12 | 15
to 30 Years | |||||||||||||||||||
KFC | Covington, GA | (b) | 526 | 665 | — | — | 526 | 665 | 1,191 | (158 | ) | 2001 | 02/02/12 | 15
to 30 Years | |||||||||||||||||||
KFC | Decatur, GA | (b) | 677 | 539 | — | — | 677 | 539 | 1,216 | (132 | ) | 1989 | 02/02/12 | 15
to 30 Years | |||||||||||||||||||
KFC | Hampton, GA | (b) | 568 | 648 | — | — | 568 | 648 | 1,216 | (154 | ) | 2002 | 02/02/12 | 15
to 30 Years | |||||||||||||||||||
KFC | Jackson, GA | (b) | 467 | 729 | — | — | 467 | 729 | 1,196 | (202 | ) | 1992 | 02/02/12 | 15
to 30 Years | |||||||||||||||||||
KFC | Morrow, GA | (b) | 530 | 568 | — | — | 530 | 568 | 1,098 | (120 | ) | 2006 | 02/02/12 | 15
to 40 Years | |||||||||||||||||||
KFC | Stockbridge, GA | (b) | 388 | 353 | — | — | 388 | 353 | 741 | (87 | ) | 2001 | 02/02/12 | 15
to 30 Years | |||||||||||||||||||
KFC | Stone Mountain, GA | (b) | 379 | 487 | — | — | 379 | 487 | 866 | (114 | ) | 1986 | 02/02/12 | 15
to 30 Years | |||||||||||||||||||
KFC | Kingston, PA | (d) | 521 | 635 | — | — | 521 | 635 | 1,156 | (82 | ) | 1978 | 11/18/14 | 15
to 30 Years | |||||||||||||||||||
KFC | Bloomsburg, PA | (d) | 698 | 823 | — | — | 698 | 823 | 1,521 | (119 | ) | 1993 | 11/18/14 | 15
to 30 Years | |||||||||||||||||||
KFC | Williamsport, PA | (d) | 864 | 979 | — | — | 864 | 979 | 1,843 | (128 | ) | 1966 | 11/18/14 | 15
to 30 Years | |||||||||||||||||||
Kohl's | Wichita, KS | (d) | 2,163 | 7,036 | — | 242 | 2,163 | 7,278 | 9,441 | (1,311 | ) | 1996 | 07/17/13 | 8
to 36 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Kohl's | Lake
Zurich, IL | (d) | 4,860 | 6,935 | — | — | 4,860 | 6,935 | 11,795 | (1,648 | ) | 2000 | 07/17/13 | 7
to 32 Years | |||||||||||||||||||
Kohl's | Grand Forks, ND | (d) | 1,516 | 10,008 | — | — | 1,516 | 10,008 | 11,524 | (1,271 | ) | 2006 | 07/17/13 | 9
to 46 Years | |||||||||||||||||||
Kohl's | Tilton, NH | (d) | 3,959 | — | — | — | 3,959 | — | 3,959 | — | (f) | 07/17/13 | (f) | ||||||||||||||||||||
Kohl's | Olathe,
KS | (d) | 3,505 | 5,847 | — | 322 | 3,505 | 6,169 | 9,674 | (1,303 | ) | 1995 | 07/17/13 | 9
to 35 Years | |||||||||||||||||||
Kohl's | Sherwood, AR | (d) | 2,300 | 5,995 | — | — | 2,300 | 5,995 | 8,295 | (886 | ) | 2003 | 02/23/15 | 8
to 30 Years | |||||||||||||||||||
Krispy Kreme | Bentonville, AR | (a) | 635 | 900 | — | — | 635 | 900 | 1,535 | (438 | ) | 2004 | 07/07/05 | 15
to 30 Years | |||||||||||||||||||
Krispy Kreme | Little Rock, AR | (a) | 917 | 847 | — | — | 917 | 847 | 1,764 | (430 | ) | 2004 | 07/07/05 | 15
to 30 Years | |||||||||||||||||||
Krispy Kreme | Lubbock, TX | (a) | 687 | 856 | — | — | 687 | 856 | 1,543 | (432 | ) | 2003 | 07/07/05 | 15
to 30 Years | |||||||||||||||||||
Krispy Kreme | Lone Tree, CO | (a) | 1,717 | 1,117 | — | — | 1,717 | 1,117 | 2,834 | (658 | ) | 2000 | 12/23/08 | 13
to 38 Years | |||||||||||||||||||
Kroger | LaGrange, GA | (c) | 972 | 8,435 | — | — | 972 | 8,435 | 9,407 | (1,739 | ) | 1998 | 07/17/13 | 4
to 25 Years | |||||||||||||||||||
LA Fitness | Brooklyn Park, MN | (d) | 3,176 | 7,771 | — | — | 3,176 | 7,771 | 10,947 | (1,404 | ) | 2008 | 07/17/13 | 10
to 35 Years | |||||||||||||||||||
LA Fitness | Matteson, IL | (d) | 4,587 | 6,328 | — | — | 4,587 | 6,328 | 10,915 | (1,159 | ) | 2007 | 07/17/13 | 10
to 34 Years | |||||||||||||||||||
LA Fitness | Greenwood, IN | (c) | 1,973 | 9,764 | — | — | 1,973 | 9,764 | 11,737 | (1,301 | ) | 2007 | 07/17/13 | 10
to 42 Years | |||||||||||||||||||
LA Fitness | League City, TX | (c) | 2,514 | 6,767 | — | — | 2,514 | 6,767 | 9,281 | (998 | ) | 2008 | 07/17/13 | 10
to 42 Years | |||||||||||||||||||
LA Fitness | Naperville, IL | (c) | 5,015 | 6,946 | — | — | 5,015 | 6,946 | 11,961 | (1,147 | ) | 2007 | 07/17/13 | 9
to 38 Years | |||||||||||||||||||
LA Fitness | Clinton Township, MI | (a) | 5,430 | 7,254 | (2,800 | ) | (1,157 | ) | 2,630 | 6,097 | 8,727 | (1,003 | ) | 1999 | 01/09/07 | 15
to 30 Years | |||||||||||||||||
LA Fitness | West Chester, OH | (c) | 606 | 9,832 | — | — | 606 | 9,832 | 10,438 | (1,152 | ) | 2009 | 07/17/13 | 7
to 43 Years | |||||||||||||||||||
Ladybird Academy | Lake Mary, FL | (d) | 1,209 | 1,733 | — | 851 | 1,209 | 2,584 | 3,793 | (270 | ) | 2005 | 09/19/14 | 15
to 40 Years | |||||||||||||||||||
Ladybird Academy | Sanford, FL | (d) | 1,028 | 1,310 | — | — | 1,028 | 1,310 | 2,338 | (203 | ) | 2003 | 09/19/14 | 15
to 40 Years | |||||||||||||||||||
Ladybird Academy | Orlando, FL | (d) | 1,925 | 2,529 | — | — | 1,925 | 2,529 | 4,454 | (319 | ) | 2007 | 09/19/14 | 15
to 40 Years | |||||||||||||||||||
Ladybird Academy | Windermere, FL | (d) | 2,912 | 2,670 | — | — | 2,912 | 2,670 | 5,582 | (363 | ) | 2011 | 09/19/14 | 15
to 40 Years | |||||||||||||||||||
Ladybird Academy | Winter Springs, FL | (d) | 534 | 746 | — | — | 534 | 746 | 1,280 | (135 | ) | 1987 | 09/19/14 | 15
to 30 Years | |||||||||||||||||||
Ladybird Academy | McKinney, TX | (d) | 1,056 | 6,696 | — | 31 | 1,056 | 6,727 | 7,783 | (305 | ) | 2015 | 01/29/16 | 17
to 50 Years | |||||||||||||||||||
La-Z-Boy | Glendale, AZ | (d) | 1,395 | 4,242 | — | — | 1,395 | 4,242 | 5,637 | (658 | ) | 2001 | 07/17/13 | 2
to 45 Years | |||||||||||||||||||
La-Z-Boy | Newington, CT | (c) | 1,778 | 4,496 | — | — | 1,778 | 4,496 | 6,274 | (596 | ) | 2006 | 07/17/13 | 8
to 45 Years | |||||||||||||||||||
La-Z-Boy | Kentwood, MI | (d) | 1,145 | 4,085 | — | — | 1,145 | 4,085 | 5,230 | (585 | ) | 1987 | 07/17/13 | 4
to 38 Years | |||||||||||||||||||
Lee's Famous Recipe Chicken | Xenia, OH | (d) | 384 | 288 | — | — | 384 | 288 | 672 | (46 | ) | 1985 | 08/21/15 | 15
to 20 Years | |||||||||||||||||||
Lee's Famous Recipe Chicken | Dayton, OH | (d) | 467 | 237 | — | — | 467 | 237 | 704 | (37 | ) | 1984 | 08/21/15 | 15
to 20 Years | |||||||||||||||||||
Lee's Famous Recipe Chicken | Miamisburg, OH | (d) | 139 | 262 | — | — | 139 | 262 | 401 | (38 | ) | 1970 | 08/21/15 | 15
to 20 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Lee's
Famous Recipe Chicken | Englewood, OH | (d) | 235 | 345 | — | — | 235 | 345 | 580 | (38 | ) | 1988 | 08/21/15 | 15
to 30 Years | |||||||||||||||||||
Lee's Famous Recipe Chicken | Trotwood, OH | (d) | 281 | 220 | — | — | 281 | 220 | 501 | (39 | ) | 1971 | 08/21/15 | 15
to 20 Years | |||||||||||||||||||
Lerner and Rowe | Las Vegas, NV | (a) | 430 | 3,589 | — | — | 430 | 3,589 | 4,019 | (347 | ) | 2002 | 09/30/13 | 15
to 50 Years | |||||||||||||||||||
Lerner and Rowe | Phoenix, AZ | (a) | 352 | 2,435 | — | — | 352 | 2,435 | 2,787 | (224 | ) | 1973 | 09/30/13 | 15
to 50 Years | |||||||||||||||||||
Lerner and Rowe | Mesa, AZ | (a) | 372 | 1,398 | — | — | 372 | 1,398 | 1,770 | (144 | ) | 2003 | 09/30/13 | 15
to 50 Years | |||||||||||||||||||
Lerner and Rowe | Bullhead City, AZ | (a) | 147 | 489 | — | — | 147 | 489 | 636 | (64 | ) | 1970 | 09/30/13 | 15
to 50 Years | |||||||||||||||||||
Lerner and Rowe | Chicago, IL | (a) | 186 | 1,780 | — | — | 186 | 1,780 | 1,966 | (151 | ) | 2007 | 09/30/13 | 50
to 50 Years | |||||||||||||||||||
Liberty Oilfield Services, LLC | Gillette, WY | (d) | 1,520 | 4,561 | — | — | 1,520 | 4,561 | 6,081 | (552 | ) | 2001 | 12/30/14 | 15
to 40 Years | |||||||||||||||||||
Liberty Oilfield Services, LLC | Henderson, CO | (d) | 3,240 | 5,720 | — | — | 3,240 | 5,720 | 8,960 | (637 | ) | 1977 | 12/30/14 | 15
to 50 Years | |||||||||||||||||||
Logan's Roadhouse | Johnson City, TN | (d) | 1,331 | 2,304 | — | — | 1,331 | 2,304 | 3,635 | (492 | ) | 1996 | 07/17/13 | 12
to 30 Years | |||||||||||||||||||
Logan's Roadhouse | Trussville, AL | (c) | 1,222 | 1,770 | (1,029 | ) | (1,499 | ) | 193 | 271 | 464 | (15 | ) | 2007 | 07/17/13 | 9
to 34 Years | |||||||||||||||||
Long John Silver's | Crossville, TN | (a) | 353 | 382 | — | — | 353 | 382 | 735 | (129 | ) | 1977 | 09/01/05 | 15
to 40 Years | |||||||||||||||||||
Long John Silver's | Morristown, TN | (a) | 588 | 781 | — | — | 588 | 781 | 1,369 | (336 | ) | 1987 | 09/01/05 | 15
to 30 Years | |||||||||||||||||||
Long John Silver's | Oak Ridge, TN | (a) | 669 | 548 | — | — | 669 | 548 | 1,217 | (228 | ) | 1976 | 09/01/05 | 15
to 30 Years | |||||||||||||||||||
Long John Silver's | Harriman, TN | (a) | 387 | 502 | — | — | 387 | 502 | 889 | (291 | ) | 1976 | 09/01/05 | 15
to 20 Years | |||||||||||||||||||
Long John Silver's | Knoxville, TN | (a) | 332 | 185 | — | — | 332 | 185 | 517 | (132 | ) | 1977 | 09/01/05 | 15
to 20 Years | |||||||||||||||||||
Long John Silver's | Greenville, TN | (a) | 289 | 311 | — | — | 289 | 311 | 600 | (341 | ) | 1972 | 09/01/05 | 10
to 15 Years | |||||||||||||||||||
Long John Silver's / A&W | Houston, TX | (b) | 1,329 | — | — | — | 1,329 | — | 1,329 | — | (f) | 07/17/13 | (f) | ||||||||||||||||||||
Lowe's | Midland,
TX | (d) | 5,826 | 6,633 | — | 366 | 5,826 | 6,999 | 12,825 | (1,546 | ) | 1996 | 07/17/13 | 2
to 35 Years | |||||||||||||||||||
Lowe's | Lubbock, TX | (d) | 2,644 | 10,009 | — | 480 | 2,644 | 10,489 | 13,133 | (2,011 | ) | 1996 | 07/17/13 | 0
to 36 Years | |||||||||||||||||||
Lowe's | Cincinnati, OH | (d) | 6,086 | 10,984 | — | — | 6,086 | 10,984 | 17,070 | (2,676 | ) | 1998 | 07/17/13 | 4
to 28 Years | |||||||||||||||||||
Lowe's | Chester, NY | (d) | 6,432 | — | — | — | 6,432 | — | 6,432 | — | (f) | 07/17/13 | (f) | ||||||||||||||||||||
Lowe's | Tilton,
NH | (d) | 13,185 | — | — | — | 13,185 | — | 13,185 | — | (f) | 07/17/13 | (f) | ||||||||||||||||||||
MAACO | Phoenix,
AZ | (d) | 834 | 1,206 | — | 87 | 834 | 1,293 | 2,127 | (47 | ) | 1989 | 03/31/17 | 10
to 30 Years | |||||||||||||||||||
MAACO | Kingman, AZ | (d) | 265 | 588 | — | — | 265 | 588 | 853 | (26 | ) | 1977 | 03/31/17 | 10
to 30 Years | |||||||||||||||||||
MAACO | Houston, TX | (d) | 1,334 | 579 | — | — | 1,334 | 579 | 1,913 | (21 | ) | 1950 | 03/31/17 | 10
to 30 Years | |||||||||||||||||||
MAACO | Tuscon, AZ | (d) | 333 | 1,030 | — | — | 333 | 1,030 | 1,363 | (37 | ) | 1999 | 03/31/17 | 10
to 30 Years | |||||||||||||||||||
MAACO | Dallas, TX | (d) | 265 | 814 | — | — | 265 | 814 | 1,079 | (29 | ) | 1987 | 03/31/17 | 10
to 30 Years | |||||||||||||||||||
Main Event | Fort Worth, TX | (d) | 2,468 | 5,418 | — | — | 2,468 | 5,418 | 7,886 | (1,904 | ) | 2003 | 09/30/05 | 15
to 40 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Main
Event | Conroe, TX | (d) | 2,886 | 5,763 | — | — | 2,886 | 5,763 | 8,649 | (2,010 | ) | 2004 | 09/30/05 | 15
to 40 Years | |||||||||||||||||||
Main Event | Austin, TX | (d) | 4,425 | 8,142 | — | — | 4,425 | 8,142 | 12,567 | (3,014 | ) | 2005 | 09/30/05 | 15
to 40 Years | |||||||||||||||||||
Main Event | Lewisville, TX | (d) | 2,130 | 4,630 | — | — | 2,130 | 4,630 | 6,760 | (1,650 | ) | 1998 | 09/30/05 | 15
to 40 Years | |||||||||||||||||||
Main Event | Grapevine, TX | (d) | 2,554 | 5,377 | — | — | 2,554 | 5,377 | 7,931 | (1,908 | ) | 2000 | 09/30/05 | 15
to 40 Years | |||||||||||||||||||
Main Event | Plano, TX | (d) | 3,225 | 6,302 | — | — | 3,225 | 6,302 | 9,527 | (2,178 | ) | 2001 | 09/30/05 | 15
to 40 Years | |||||||||||||||||||
Main Event | Pittsburgh, PA | (d) | 3,099 | 5,285 | — | 1,586 | 3,099 | 6,871 | 9,970 | (110 | ) | 2003 | 07/07/17 | 10
to 40 Years | |||||||||||||||||||
Malibu Boats | Merced, CA | (d) | 3,456 | 9,007 | — | — | 3,456 | 9,007 | 12,463 | (3,390 | ) | 1998 | 03/31/08 | 15
to 30 Years |
Malibu Boats | Loudon, TN | (d) | 1,188 | 4,904 | — | — | 1,188 | 4,904 | 6,092 | (2,153 | ) | 1992 | 03/31/08 | 15
to 30 Years | |||||||||||||||||||
Marcus Theaters | Arnold, MO | (a) | 3,275 | 3,014 | — | — | 3,275 | 3,014 | 6,289 | (1,222 | ) | 1999 | 07/17/13 | 5
to 21 Years | |||||||||||||||||||
Markle Medical Center | Warren, IN | (d) | 220 | 278 | — | — | 220 | 278 | 498 | (79 | ) | 2007 | 08/18/14 | 4
to 20 Years | |||||||||||||||||||
Martin's | Kennesaw, GA | (a) | 907 | 499 | — | — | 907 | 499 | 1,406 | (267 | ) | 2001 | 02/28/06 | 15
to 40 Years | |||||||||||||||||||
Martin's | Douglasville, GA | (a) | 712 | 669 | — | — | 712 | 669 | 1,381 | (275 | ) | 2003 | 02/28/06 | 15
to 40 Years | |||||||||||||||||||
Martin's | Mableton, GA | (a) | 454 | 826 | — | — | 454 | 826 | 1,280 | (341 | ) | 1987 | 02/28/06 | 15
to 30 Years | |||||||||||||||||||
Martin's | Cartersville, GA | (a) | 581 | 730 | — | — | 581 | 730 | 1,311 | (380 | ) | 1997 | 02/28/06 | 15
to 30 Years | |||||||||||||||||||
Martin's | Villa Rica, GA | (a) | 807 | 629 | — | — | 807 | 629 | 1,436 | (351 | ) | 1999 | 02/28/06 | 15
to 30 Years | |||||||||||||||||||
Martin's | Carrollton, GA | (a) | 508 | 603 | — | — | 508 | 603 | 1,111 | (258 | ) | 2000 | 02/28/06 | 15
to 40 Years | |||||||||||||||||||
Martin's | Cartersville, GA | (a) | 439 | 451 | — | — | 439 | 451 | 890 | (279 | ) | 1990 | 02/28/06 | 15
to 30 Years | |||||||||||||||||||
Martin's | Floyd, GA | (a) | 973 | 415 | — | — | 973 | 415 | 1,388 | (198 | ) | 1993 | 02/28/06 | 15
to 30 Years | |||||||||||||||||||
Martin's | Morrow, GA | (a) | 652 | 450 | — | — | 652 | 450 | 1,102 | (235 | ) | 1995 | 02/28/06 | 15
to 30 Years | |||||||||||||||||||
Martin's | Hiram, GA | (a) | 1,006 | 1,142 | — | — | 1,006 | 1,142 | 2,148 | (586 | ) | 1987 | 02/28/06 | 15
to 30 Years | |||||||||||||||||||
Martin's | Marietta, GA | (a) | 797 | 428 | — | — | 797 | 428 | 1,225 | (273 | ) | 1990 | 02/28/06 | 15
to 30 Years | |||||||||||||||||||
Martin's | Douglasville, GA | (a) | 764 | 941 | — | — | 764 | 941 | 1,705 | (428 | ) | 1990 | 02/28/06 | 15
to 30 Years | |||||||||||||||||||
Martin's | Austell, GA | (a) | 838 | 216 | — | — | 838 | 216 | 1,054 | (241 | ) | 1962 | 02/28/06 | 15
to 20 Years | |||||||||||||||||||
Martin's | Mableton, GA | (a) | 634 | 578 | — | — | 634 | 578 | 1,212 | (264 | ) | 1981 | 02/28/06 | 15
to 30 Years | |||||||||||||||||||
Martin's | Norcross, GA | (a) | 678 | 402 | — | — | 678 | 402 | 1,080 | (266 | ) | 1982 | 02/28/06 | 15
to 20 Years | |||||||||||||||||||
Martin's | Douglasville, GA | (a) | 127 | — | — | 210 | 127 | 210 | 337 | — | (f) | 11/14/14 | (f) | ||||||||||||||||||||
Mattress
Firm | Columbia, SC | (d) | 596 | 872 | — | 216 | 596 | 1,088 | 1,684 | (201 | ) | 1998 | 07/17/13 | 9
to 45 Years | |||||||||||||||||||
Max & Erma's | Mars, PA | (a) | 946 | 2,221 | — | — | 946 | 2,221 | 3,167 | (1,005 | ) | 1990 | 06/25/04 | 15
to 30 Years | |||||||||||||||||||
Max & Erma's | Pittsburgh, PA | (a) | 1,289 | 1,871 | — | — | 1,289 | 1,871 | 3,160 | (831 | ) | 1992 | 06/25/04 | 15
to 30 Years | |||||||||||||||||||
Max & Erma's | Hilliard, OH | (a) | 1,149 | 1,291 | — | — | 1,149 | 1,291 | 2,440 | (668 | ) | 1997 | 09/24/04 | 15
to 30 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Mealey's
Furniture | Bensalem, PA | (a) | 1,653 | 3,085 | — | — | 1,653 | 3,085 | 4,738 | (1,371 | ) | 1987 | 01/03/07 | 15
to 30 Years | |||||||||||||||||||
Mealey's Furniture | Fairless Hills, PA | (a) | 3,655 | 5,271 | — | — | 3,655 | 5,271 | 8,926 | (2,475 | ) | 1994 | 01/03/07 | 15
to 30 Years | |||||||||||||||||||
Mealey's Furniture | Morrisville, PA | (a) | 1,345 | 8,288 | — | — | 1,345 | 8,288 | 9,633 | (3,049 | ) | 2004 | 01/03/07 | 15
to 40 Years | |||||||||||||||||||
Meineke Car Care Center | Lawrenceville, GA | (a) | 722 | 976 | — | — | 722 | 976 | 1,698 | (130 | ) | 2000 | 03/28/14 | 15
to 40 Years | |||||||||||||||||||
Meineke Car Care Center | Kennesaw, GA | (a) | 874 | 1,270 | — | — | 874 | 1,270 | 2,144 | (165 | ) | 1999 | 03/28/14 | 15
to 40 Years | |||||||||||||||||||
Meineke Car Care Center | Woodstock, GA | (a) | 1,108 | 1,281 | — | — | 1,108 | 1,281 | 2,389 | (178 | ) | 1999 | 03/28/14 | 15
to 40 Years | |||||||||||||||||||
Meineke Car Care Center | Acworth, GA | (a) | 823 | 976 | — | — | 823 | 976 | 1,799 | (127 | ) | 1999 | 03/28/14 | 15
to 40 Years | |||||||||||||||||||
Memphis Contract Packaging | Somerville, TN | (d) | 345 | 537 | — | — | 345 | 537 | 882 | (328 | ) | 2000 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Metaldyne BSM | Fremont, IN | (a) | 427 | 2,176 | — | — | 427 | 2,176 | 2,603 | (912 | ) | 1960 | 02/21/07 | 14
to 30 Years | |||||||||||||||||||
Mills Fleet Farm | Waite Park, MN | (a) | 4,919 | 25,384 | — | 54 | 4,919 | 25,438 | 30,357 | (1,878 | ) | 1979 | 06/09/16 | 4
to 40 Years | |||||||||||||||||||
Milo's | Calera, AL | (b) | 560 | 912 | — | 82 | 560 | 994 | 1,554 | (229 | ) | 2008 | 03/29/13 | 8
to 29 Years | |||||||||||||||||||
Milo's | Pelham, AL | (b) | 605 | 923 | — | 55 | 605 | 978 | 1,583 | (212 | ) | 1998 | 03/29/13 | 8
to 29 Years | |||||||||||||||||||
Milo's | Moody, AL | (b) | 518 | 800 | — | 55 | 518 | 855 | 1,373 | (191 | ) | 1997 | 03/29/13 | 8
to 29 Years | |||||||||||||||||||
Milo's | Gardendale, AL | (b) | 438 | 841 | — | 55 | 438 | 896 | 1,334 | (191 | ) | 1996 | 03/29/13 | 8
to 29 Years | |||||||||||||||||||
Milo's | Bessemer, AL | (b) | 622 | 983 | — | 62 | 622 | 1,045 | 1,667 | (224 | ) | 2002 | 03/29/13 | 8
to 29 Years | |||||||||||||||||||
Milo's | Birmingham, AL | (b) | 321 | 740 | — | 48 | 321 | 788 | 1,109 | (167 | ) | 1977 | 03/29/13 | 8
to 29 Years | |||||||||||||||||||
Milo's | Birmingham, AL | (b) | 512 | 983 | — | 63 | 512 | 1,046 | 1,558 | (225 | ) | 2002 | 03/29/13 | 8
to 29 Years | |||||||||||||||||||
Milo's | Trussville, AL | (b) | 909 | 892 | — | 55 | 909 | 947 | 1,856 | (233 | ) | 2000 | 03/29/13 | 8
to 29 Years | |||||||||||||||||||
Milo's | Homewood, AL | (a) | 583 | 839 | — | — | 583 | 839 | 1,422 | (157 | ) | 2002 | 12/05/13 | 15
to 30 Years | |||||||||||||||||||
Missoula Fresh Market | Missoula, MT | (d) | 2,510 | 4,714 | — | — | 2,510 | 4,714 | 7,224 | (534 | ) | 1999 | 03/11/15 | 15
to 30 Years | |||||||||||||||||||
Missoula Fresh Market | Missoula, MT | (d) | 3,008 | 5,168 | — | — | 3,008 | 5,168 | 8,176 | (565 | ) | 2008 | 03/12/15 | 15
to 30 Years | |||||||||||||||||||
Mister Car Wash | Meridian, ID | (b) | 1,923 | 2,170 | 536 | 20 | 2,459 | 2,190 | 4,649 | (656 | ) | 2006 | 05/15/13 | 15
to 30 Years | |||||||||||||||||||
Mister Car Wash | Boise, ID | (b) | 2,155 | 2,488 | — | — | 2,155 | 2,488 | 4,643 | (702 | ) | 2004 | 05/15/13 | 15
to 30 Years | |||||||||||||||||||
Mister Car Wash | Boise, ID | (b) | 217 | — | — | — | 217 | — | 217 | (9 | ) | (f) | 05/15/13 | (f) | |||||||||||||||||||
Mister
Car Wash | Nampa, ID | (b) | 3,240 | 2,343 | — | — | 3,240 | 2,343 | 5,583 | (761 | ) | 2010 | 05/15/13 | 15
to 30 Years | |||||||||||||||||||
Mister Car Wash | Albuquerque, NM | (a) | 2,472 | 2,117 | — | — | 2,472 | 2,117 | 4,589 | (474 | ) | 2005 | 05/13/14 | 15
to 30 Years | |||||||||||||||||||
Mister Car Wash | Albuquerque, NM | (a) | 2,657 | 3,225 | — | — | 2,657 | 3,225 | 5,882 | (738 | ) | 1960 | 05/13/14 | 15
to 30 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Mister
Car Wash | Albuquerque, NM | (a) | 1,151 | 1,677 | — | — | 1,151 | 1,677 | 2,828 | (326 | ) | 1976 | 05/13/14 | 15
to 30 Years | |||||||||||||||||||
Mister Car Wash | Albuquerque, NM | (a) | 1,563 | 2,700 | — | — | 1,563 | 2,700 | 4,263 | (431 | ) | 1994 | 05/13/14 | 15
to 30 Years | |||||||||||||||||||
Mister Car Wash | Albuquerque, NM | (a) | 2,586 | 2,742 | — | — | 2,586 | 2,742 | 5,328 | (516 | ) | 2002 | 05/13/14 | 15
to 30 Years | |||||||||||||||||||
Mister Car Wash | Millersville, MD | (d) | 2,250 | 1,636 | — | — | 2,250 | 1,636 | 3,886 | (221 | ) | 2007 | 01/21/15 | 15
to 30 Years | |||||||||||||||||||
Mister Car Wash | Edgewater, MD | (d) | 4,720 | 1,460 | — | — | 4,720 | 1,460 | 6,180 | (247 | ) | 2005 | 01/21/15 | 15
to 30 Years | |||||||||||||||||||
Mister Car Wash | Abilene, TX | (d) | 2,733 | 3,080 | — | — | 2,733 | 3,080 | 5,813 | (386 | ) | 1993 | 04/07/15 | 15
to 30 Years | |||||||||||||||||||
Mister Car Wash | Madison, WI | (d) | 564 | 1,623 | — | — | 564 | 1,623 | 2,187 | (153 | ) | 1956 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
Mister Car Wash | Madison, WI | (d) | 611 | 1,775 | — | — | 611 | 1,775 | 2,386 | (199 | ) | 1958 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
Mister Car Wash | Madison, WI | (d) | 905 | 2,728 | — | — | 905 | 2,728 | 3,633 | (278 | ) | 1961 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
Mister Car Wash | Rockford, IL | (d) | 705 | 2,669 | — | — | 705 | 2,669 | 3,374 | (252 | ) | 1959 | 06/30/15 | 15
to 30 Years | |||||||||||||||||||
Mister Car Wash | Round Rock, TX | (d) | 1,167 | 1,549 | — | — | 1,167 | 1,549 | 2,716 | (196 | ) | 2009 | 05/07/15 | 15
to 30 Years | |||||||||||||||||||
Mister Car Wash | Orlando, FL | (d) | 2,709 | 2,728 | — | 45 | 2,709 | 2,773 | 5,482 | (255 | ) | 2001 | 02/09/16 | 13
to 30 Years | |||||||||||||||||||
Mister Car Wash | Orlando, FL | (d) | 1,629 | 1,895 | — | — | 1,629 | 1,895 | 3,524 | (188 | ) | 2005 | 02/09/16 | 13
to 30 Years | |||||||||||||||||||
Mister Car Wash | Casselberry, FL | (d) | 1,042 | 2,406 | — | — | 1,042 | 2,406 | 3,448 | (196 | ) | 1988 | 02/09/16 | 13
to 30 Years | |||||||||||||||||||
Mister Car Wash | Ocoee, FL | (d) | 2,128 | 1,775 | — | 18 | 2,128 | 1,793 | 3,921 | (149 | ) | 2009 | 05/03/16 | 17
to 30 Years | |||||||||||||||||||
Mister Car Wash | Houston, TX | (a) | 1,703 | 1,221 | — | — | 1,703 | 1,221 | 2,924 | (303 | ) | 1996 | 06/18/14 | 15
to 30 Years | |||||||||||||||||||
Mister Car Wash | Saint Paul, MN | (d) | 5,274 | 136 | — | 67 | 5,274 | 203 | 5,477 | (423 | ) | 1966 | 12/13/16 | 12
to 30 Years | |||||||||||||||||||
Monterey's Tex Mex | Alvin, TX | (a) | 256 | 585 | — | — | 256 | 585 | 841 | (628 | ) | 1997 | 12/30/04 | 10
to 15 Years | |||||||||||||||||||
Monterey's Tex Mex | Houston, TX | (a) | 585 | 561 | — | — | 585 | 561 | 1,146 | (628 | ) | 1979 | 12/30/04 | 10
to 15 Years | |||||||||||||||||||
Monterey's Tex Mex | Bryan, TX | (a) | 739 | 700 | — | — | 739 | 700 | 1,439 | (485 | ) | 1988 | 12/30/04 | 15
to 20 Years | |||||||||||||||||||
Mountainside Fitness | Chandler, AZ | (a) | 1,028 | 5,318 | — | — | 1,028 | 5,318 | 6,346 | (726 | ) | 2002 | 07/17/13 | 8
to 40 Years | |||||||||||||||||||
Multi-Tenant | Lakewood, OH | (d) | 522 | 2,053 | — | — | 522 | 2,053 | 2,575 | (319 | ) | 1996 | 07/17/13 | 3
to 35 Years | |||||||||||||||||||
Multi-Tenant | Topeka, KS | (d) | 542 | 2,251 | — | — | 542 | 2,251 | 2,793 | (275 | ) | 2006 | 07/17/13 | 3
to 48 Years | |||||||||||||||||||
Multi-Tenant | Victoria, TX | (d) | 2,631 | 7,710 | — | 20 | 2,631 | 7,730 | 10,361 | (1,498 | ) | 2006 | 07/17/13 | 3
to 43 Years | |||||||||||||||||||
Multi-Tenant | Collierville, TN | (d) | 2,217 | 14,205 | — | 8 | 2,217 | 14,213 | 16,430 | (2,160 | ) | 2002 | 07/17/13 | 3
to 45 Years | |||||||||||||||||||
Multi-Tenant | Pocatello, ID | (c) | 3,682 | 10,658 | — | — | 3,682 | 10,658 | 14,340 | (2,145 | ) | 2006 | 07/17/13 | 5
to 38 Years | |||||||||||||||||||
Multi-Tenant | Maple Shade, NJ | (d) | 1,942 | 3,792 | — | — | 1,942 | 3,792 | 5,734 | (1,171 | ) | 1998 | 07/17/13 | 5
to 25 Years | |||||||||||||||||||
Multi-Tenant | Broadview, IL | (d) | 12,392 | 32,193 | — | 644 | 12,392 | 32,837 | 45,229 | (7,125 | ) | 1994 | 07/17/13 | 2
to 30 Years | |||||||||||||||||||
Multi-Tenant | Bedford Park, IL | (c) | 10,242 | 11,839 | — | — | 10,242 | 11,839 | 22,081 | (3,560 | ) | 1993 | 07/17/13 | 7
to 20 Years | |||||||||||||||||||
Multi-Tenant | Whiteville, NC | (d) | 1,119 | 1,676 | — | — | 1,119 | 1,676 | 2,795 | (722 | ) | 1988 | 07/17/13 | 7
to 30 Years | |||||||||||||||||||
Multi-Tenant | Kennesaw, GA | (d) | 3,560 | 23,583 | — | — | 3,560 | 23,583 | 27,143 | (2,956 | ) | 1996 | 07/17/13 | 8
to 45 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Multi-Tenant | Alcoa,
TN | (d) | 918 | 3,170 | — | — | 918 | 3,170 | 4,088 | (452 | ) | 1999 | 07/17/13 | 8
to 40 Years | |||||||||||||||||||
Multi-Tenant | Bridgeton, MO | (d) | 11,464 | 9,907 | — | — | 11,464 | 9,907 | 21,371 | (3,299 | ) | 1991 | 07/17/13 | 7
to 25 Years | |||||||||||||||||||
Multi-Tenant | Staunton, VA | (d) | 578 | 2,063 | — | 358 | 578 | 2,421 | 2,999 | (724 | ) | 1988 | 07/17/13 | 5
to 20 Years | |||||||||||||||||||
Multi-Tenant | Independence, MO | (c) | 2,157 | 2,597 | — | — | 2,157 | 2,597 | 4,754 | (819 | ) | 1999 | 07/17/13 | 7
to 21 Years | |||||||||||||||||||
Multi-Tenant | Douglasville, GA | (d) | 2,612 | 4,840 | — | 87 | 2,612 | 4,927 | 7,539 | (1,348 | ) | 2006 | 07/17/13 | 4
to 39 Years | |||||||||||||||||||
Multi-Tenant | Bald Knob, AR | (a) | 328 | 327 | — | — | 328 | 327 | 655 | (138 | ) | 1971 | 03/31/14 | 1
to 15 Years | |||||||||||||||||||
Multi-Tenant | Oxford, MS | (a) | 1,416 | 4,451 | — | — | 1,416 | 4,451 | 5,867 | (499 | ) | 2001 | 05/15/14 | 15
to 40 Years | |||||||||||||||||||
Multi-Tenant | Collierville, TN | (d) | 1,114 | 6,726 | — | — | 1,114 | 6,726 | 7,840 | (1,302 | ) | 2002 | 07/17/13 | 9
to 49 Years | |||||||||||||||||||
Multi-Tenant | Fountain Valley, CA | (d) | 9,470 | 13,326 | — | — | 9,470 | 13,326 | 22,796 | (1,745 | ) | 1968 | 12/30/14 | 11
to 30 Years | |||||||||||||||||||
Multi-Tenant | Louisville, KY | (d) | 2,205 | 3,551 | — | — | 2,205 | 3,551 | 5,756 | (518 | ) | 1995 | 11/02/15 | 9
to 20 Years | |||||||||||||||||||
Multi-Tenant | Salt Lake City, UT | (d) | 4,955 | 18,250 | (3,205 | ) | (11,979 | ) | 1,750 | 6,271 | 8,021 | (1,925 | ) | 1989 | 07/17/13 | 3
to 40 Years | |||||||||||||||||
Multi-Tenant | Bay City, TX | (d) | 1,192 | 3,249 | — | (9 | ) | 1,192 | 3,240 | 4,432 | (1,118 | ) | 1990 | 07/17/13 | 7
to 20 Years | ||||||||||||||||||
Multi-Tenant | Bethany, MO | (d) | 648 | 379 | — | — | 648 | 379 | 1,027 | (353 | ) | 1974 | 05/31/06 | 15
to 20 Years | |||||||||||||||||||
Multi-Tenant | Columbia, SC | (d) | 2,095 | 16,191 | (627 | ) | (1,136 | ) | 1,468 | 15,055 | 16,523 | (7,239 | ) | 1988 | 09/09/05 | 5
to 29 Years | |||||||||||||||||
NAPA | North Little Rock, AR | (a) | 244 | 311 | — | — | 244 | 311 | 555 | (56 | ) | 2001 | 03/31/14 | 2
to 30 Years | |||||||||||||||||||
National Paintball Supply | Sewell, NJ | (a) | 858 | 8,418 | (431 | ) | (3,915 | ) | 427 | 4,503 | 4,930 | (79 | ) | 2000 | 11/17/06 | 5
to 40 Years | |||||||||||||||||
Neighbor's Emergency Center | El Paso, TX | (d) | 891 | 3,555 | (716 | ) | (2,867 | ) | 175 | 688 | 863 | — | 2015 | 06/20/16 | 11
to 50 Years | ||||||||||||||||||
Neighbor's Emergency Center | Midland, TX | (d) | 3,074 | 2,033 | — | — | 3,074 | 2,033 | 5,107 | (119 | ) | 2015 | 06/20/16 | 11
to 50 Years |
Neighbor's Emergency Center | Orange, TX | (d) | 389 | 2,090 | — | — | 389 | 2,090 | 2,479 | (105 | ) | 2015 | 06/20/16 | 10
to 50 Years | |||||||||||||||||||
Neighbor's Emergency Center | Tyler, TX | (d) | 1,527 | 2,374 | (997 | ) | (1,569 | ) | 530 | 805 | 1,335 | — | 2015 | 06/20/16 | 11
to 50 Years | ||||||||||||||||||
NextCare Urgent Care | Round Rock, TX | (d) | 271 | 728 | — | — | 271 | 728 | 999 | (88 | ) | 1985 | 08/18/14 | 8
to 40 Years | |||||||||||||||||||
Norms | Huntington Park, CA | (a) | 1,822 | 1,211 | — | — | 1,822 | 1,211 | 3,033 | (179 | ) | 1957 | 12/19/14 | 15
to 30 Years | |||||||||||||||||||
Norms | Bellflower, CA | (a) | 1,284 | 1,636 | — | — | 1,284 | 1,636 | 2,920 | (209 | ) | 1970 | 12/19/14 | 15
to 30 Years | |||||||||||||||||||
Norms | Whittier, CA | (a) | 1,439 | 1,874 | — | — | 1,439 | 1,874 | 3,313 | (199 | ) | 1991 | 12/19/14 | 15
to 40 Years | |||||||||||||||||||
Norms | Torrance, CA | (a) | 3,509 | 2,754 | — | — | 3,509 | 2,754 | 6,263 | (308 | ) | 1998 | 12/19/14 | 15
to 40 Years | |||||||||||||||||||
Norms | Claremont, CA | (a) | 2,764 | 2,919 | — | — | 2,764 | 2,919 | 5,683 | (360 | ) | 2011 | 12/19/14 | 15
to 40 Years | |||||||||||||||||||
Norms | Santa Ana, CA | (a) | 2,112 | 1,501 | — | — | 2,112 | 1,501 | 3,613 | (206 | ) | 1976 | 12/19/14 | 15
to 30 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Norms | Downey,
CA | (a) | 2,329 | 2,526 | — | — | 2,329 | 2,526 | 4,855 | (278 | ) | 1993 | 12/19/14 | 15
to 40 Years | |||||||||||||||||||
Norms | Riverside, CA | (a) | 1,988 | 1,211 | — | — | 1,988 | 1,211 | 3,199 | (204 | ) | 2002 | 12/19/14 | 15
to 30 Years | |||||||||||||||||||
Norms | Pico Rivera, CA | (a) | 2,785 | 3,126 | — | — | 2,785 | 3,126 | 5,911 | (346 | ) | 2014 | 12/19/14 | 15
to 40 Years | |||||||||||||||||||
Norms | Bellflower, CA | (a) | 1,273 | 1,501 | — | — | 1,273 | 1,501 | 2,774 | (138 | ) | 1981 | 12/19/14 | 15
to 50 Years | |||||||||||||||||||
Northern Tool & Equipment | Blaine, MN | (d) | 1,728 | 3,437 | — | — | 1,728 | 3,437 | 5,165 | (525 | ) | 2006 | 07/17/13 | 8
to 43 Years | |||||||||||||||||||
Office Depot | Dayton, OH | (d) | 710 | 2,417 | — | — | 710 | 2,417 | 3,127 | (331 | ) | 2005 | 07/17/13 | 8
to 47 Years | |||||||||||||||||||
Office Depot | Greenville, MS | (d) | 583 | 2,315 | — | — | 583 | 2,315 | 2,898 | (371 | ) | 2000 | 07/17/13 | 1
to 35 Years | |||||||||||||||||||
Office Depot | Oxford, MS | (d) | 1,625 | 1,024 | — | — | 1,625 | 1,024 | 2,649 | (245 | ) | 2006 | 07/17/13 | 9
to 33 Years | |||||||||||||||||||
Office Depot | Enterprise, AL | (d) | 675 | 2,239 | — | — | 675 | 2,239 | 2,914 | (333 | ) | 2006 | 07/17/13 | 8
to 43 Years | |||||||||||||||||||
Office Depot | Benton, AR | (d) | 1,236 | 1,926 | — | — | 1,236 | 1,926 | 3,162 | (335 | ) | 2001 | 07/17/13 | 3
to 38 Years | |||||||||||||||||||
Office Depot | Laurel, MS | (d) | 401 | 2,164 | — | 300 | 401 | 2,464 | 2,865 | (352 | ) | 2002 | 07/17/13 | 3
to 35 Years | |||||||||||||||||||
Office Depot | Morrisville, NC | (d) | 408 | 2,732 | — | — | 408 | 2,732 | 3,140 | (354 | ) | 2008 | 07/17/13 | 11
to 47 Years | |||||||||||||||||||
Office Depot | Balcones Heights, TX | (c) | 1,888 | 2,117 | — | — | 1,888 | 2,117 | 4,005 | (328 | ) | 2009 | 07/17/13 | 11
to 46 Years | |||||||||||||||||||
Office Max | Orangeburg, SC | (d) | 621 | 2,208 | — | — | 621 | 2,208 | 2,829 | (308 | ) | 1999 | 07/17/13 | 0
to 45 Years | |||||||||||||||||||
Ogden Clinic | Ogden, UT | (d) | 597 | 2,331 | — | — | 597 | 2,331 | 2,928 | (378 | ) | 1985 | 08/18/14 | 7
to 30 Years | |||||||||||||||||||
Ojos Locos Sports Cantina | San Antonio, TX | (a) | 1,204 | 519 | — | — | 1,204 | 519 | 1,723 | (65 | ) | 1993 | 09/26/13 | 30
to 30 Years | |||||||||||||||||||
Ojos Locos Sports Cantina | El Paso, TX | (d) | 1,725 | 1,470 | — | — | 1,725 | 1,470 | 3,195 | (189 | ) | 2014 | 04/15/15 | 15
to 30 Years | |||||||||||||||||||
Old Mexico Cantina | Gadsden, AL | (a) | 626 | 1,439 | (229 | ) | (506 | ) | 397 | 933 | 1,330 | (324 | ) | 2007 | 12/21/07 | 10
to 50 Years | |||||||||||||||||
Old Time Pottery | Fairview Heights, IL | (d) | 1,418 | 2,383 | — | 521 | 1,418 | 2,904 | 4,322 | (1,456 | ) | 1990 | 07/17/13 | 0
to 10 Years | |||||||||||||||||||
Old Time Pottery | Foley, AL | (d) | 1,240 | 2,983 | — | — | 1,240 | 2,983 | 4,223 | (494 | ) | 1994 | 05/08/15 | 9
to 20 Years | |||||||||||||||||||
Old Time Pottery | Murfreesboro, TN | (d) | 3,413 | 6,727 | — | — | 3,413 | 6,727 | 10,140 | (1,080 | ) | 1985 | 02/25/15 | 9
to 20 Years | |||||||||||||||||||
Oregano's Pizza Bistro | Phoenix, AZ | (a) | 787 | 663 | — | — | 787 | 663 | 1,450 | (236 | ) | 1964 | 10/28/11 | 14
to 29 Years | |||||||||||||||||||
Oregano's Pizza Bistro | Mesa, AZ | (a) | 675 | 911 | — | — | 675 | 911 | 1,586 | (241 | ) | 1978 | 10/28/11 | 14
to 39 Years | |||||||||||||||||||
Oregano's Pizza Bistro | Gilbert, AZ | (a) | 643 | 1,669 | — | — | 643 | 1,669 | 2,312 | (363 | ) | 2006 | 10/28/11 | 14
to 39 Years | |||||||||||||||||||
O'Reilly Auto Parts | Dallas, TX | (d) | 3,975 | — | — | — | 3,975 | — | 3,975 | — | (f) | 07/17/13 | (f) | ||||||||||||||||||||
O'Reilly
Auto Parts | Warren, AR | (a) | 217 | 375 | — | — | 217 | 375 | 592 | (76 | ) | 2006 | 03/31/14 | 13
to 30 Years | |||||||||||||||||||
O'Reilly Auto Parts | Pea Ridge, AR | (a) | 217 | — | — | — | 217 | — | 217 | — | (f) | 03/31/14 | (f) |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Orscheln
Farm and Home | Mountain Home, AR | (a) | 944 | 690 | — | — | 944 | 690 | 1,634 | (309 | ) | 1977 | 03/31/14 | 6
to 15 Years | |||||||||||||||||||
Orscheln Farm and Home | Pocahontas, AR | (a) | 361 | 471 | — | — | 361 | 471 | 832 | (150 | ) | 1986 | 03/31/14 | 7
to 20 Years | |||||||||||||||||||
Pawn I | Spokane, WA | (d) | 970 | 1,945 | — | — | 970 | 1,945 | 2,915 | (142 | ) | 1994 | 07/31/15 | 15
to 40 Years | |||||||||||||||||||
Pawn I | Caldwell, ID | (d) | 470 | 1,739 | — | — | 470 | 1,739 | 2,209 | (108 | ) | 2009 | 07/31/15 | 15
to 50 Years | |||||||||||||||||||
Pep Boys | Clarksville, IN | (b) | 1,055 | 1,758 | — | — | 1,055 | 1,758 | 2,813 | (373 | ) | 1993 | 07/17/13 | 8
to 30 Years | |||||||||||||||||||
Pep Boys | El Centro, CA | (b) | 1,295 | 1,504 | — | — | 1,295 | 1,504 | 2,799 | (330 | ) | 1998 | 07/17/13 | 9
to 33 Years | |||||||||||||||||||
Pep Boys | Frederick, MD | (b) | 1,571 | 2,529 | — | — | 1,571 | 2,529 | 4,100 | (413 | ) | 1987 | 07/17/13 | 9
to 40 Years | |||||||||||||||||||
Pep Boys | Hampton, VA | (b) | 1,662 | 2,974 | — | — | 1,662 | 2,974 | 4,636 | (579 | ) | 1993 | 07/17/13 | 9
to 35 Years | |||||||||||||||||||
Pep Boys | Lakeland, FL | (b) | 1,204 | 1,917 | — | — | 1,204 | 1,917 | 3,121 | (333 | ) | 1991 | 07/17/13 | 7
to 38 Years | |||||||||||||||||||
Pep Boys | Orem, UT | (b) | 1,224 | 2,132 | — | — | 1,224 | 2,132 | 3,356 | (359 | ) | 1990 | 07/17/13 | 9
to 40 Years | |||||||||||||||||||
Pep Boys | Pasadena, TX | (b) | 1,224 | 4,263 | — | — | 1,224 | 4,263 | 5,487 | (631 | ) | 1995 | 07/17/13 | 9
to 40 Years | |||||||||||||||||||
Pep Boys | Tamarac, FL | (b) | 1,407 | 2,660 | — | — | 1,407 | 2,660 | 4,067 | (409 | ) | 1997 | 07/17/13 | 7
to 39 Years | |||||||||||||||||||
Pep Boys | West Warwick, RI | (b) | 1,323 | 2,917 | — | — | 1,323 | 2,917 | 4,240 | (477 | ) | 1993 | 07/17/13 | 9
to 41 Years | |||||||||||||||||||
Pep Boys | Albuquerque, NM | (b) | 885 | 2,998 | — | — | 885 | 2,998 | 3,883 | (453 | ) | 1990 | 07/17/13 | 7
to 35 Years | |||||||||||||||||||
Pep Boys | Arlington Heights, IL | (b) | 1,530 | 5,354 | — | — | 1,530 | 5,354 | 6,884 | (802 | ) | 1995 | 07/17/13 | 9
to 36 Years | |||||||||||||||||||
Pep Boys | Colorado Springs, CO | (b) | 1,335 | 1,587 | — | — | 1,335 | 1,587 | 2,922 | (476 | ) | 1994 | 07/17/13 | 7
to 26 Years | |||||||||||||||||||
Perkins Family Restaurant | Middleburg Heights, OH | (a) | 1,456 | 793 | — | — | 1,456 | 793 | 2,249 | (386 | ) | 1987 | 02/06/07 | 15
to 30 Years | |||||||||||||||||||
Perkins Family Restaurant | Ashtabula, OH | (a) | 865 | 244 | — | — | 865 | 244 | 1,109 | (177 | ) | 1975 | 02/06/07 | 15
to 30 Years | |||||||||||||||||||
Perkins Family Restaurant | Erie, PA | (a) | 575 | 740 | — | — | 575 | 740 | 1,315 | (350 | ) | 1974 | 02/06/07 | 15
to 30 Years | |||||||||||||||||||
Perkins Family Restaurant | Indiana, PA | (a) | 331 | 323 | — | — | 331 | 323 | 654 | (199 | ) | 1982 | 02/06/07 | 15
to 30 Years | |||||||||||||||||||
Perkins Family Restaurant | Canfield, OH | (a) | 449 | 644 | 92 | — | 541 | 644 | 1,185 | (321 | ) | 1973 | 02/06/07 | 15
to 30 Years | |||||||||||||||||||
Perkins Family Restaurant | Warren, PA | (a) | 383 | 427 | — | — | 383 | 427 | 810 | (260 | ) | 1970 | 02/06/07 | 15
to 30 Years | |||||||||||||||||||
Perkins Family Restaurant | Erie, PA | (a) | 463 | 565 | — | — | 463 | 565 | 1,028 | (287 | ) | 1973 | 02/06/07 | 15
to 30 Years | |||||||||||||||||||
Perkins Family Restaurant | Grove City, PA | (a) | 531 | 495 | — | — | 531 | 495 | 1,026 | (272 | ) | 1976 | 02/06/07 | 15
to 30 Years | |||||||||||||||||||
Perkins Family Restaurant | Clarion, PA | (a) | 426 | 653 | — | — | 426 | 653 | 1,079 | (337 | ) | 1976 | 02/06/07 | 15
to 30 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Perkins
Family Restaurant | Meadville, PA | (a) | 981 | 1,056 | — | — | 981 | 1,056 | 2,037 | (481 | ) | 1983 | 02/06/07 | 15
to 30 Years | |||||||||||||||||||
Perkins Family Restaurant | Edinboro, PA | (a) | 384 | 350 | — | — | 384 | 350 | 734 | (224 | ) | 1973 | 02/06/07 | 15
to 30 Years | |||||||||||||||||||
Perkins Family Restaurant | Warren, OH | (a) | 973 | 640 | — | — | 973 | 640 | 1,613 | (324 | ) | 1999 | 02/06/07 | 15
to 30 Years | |||||||||||||||||||
Perkins Family Restaurant | Erie, PA | (a) | 855 | 147 | — | — | 855 | 147 | 1,002 | (153 | ) | 1973 | 02/06/07 | 15
to 30 Years | |||||||||||||||||||
Perkins Family Restaurant | Bradford, PA | (a) | 368 | 255 | — | — | 368 | 255 | 623 | (167 | ) | 1977 | 02/06/07 | 15
to 30 Years | |||||||||||||||||||
Perkins Family Restaurant | Olean, NY | (a) | 355 | 663 | — | — | 355 | 663 | 1,018 | (333 | ) | 1977 | 02/06/07 | 15
to 30 Years | |||||||||||||||||||
Perkins Family Restaurant | Corry, PA | (a) | 411 | 279 | — | — | 411 | 279 | 690 | (202 | ) | 1977 | 02/06/07 | 15
to 30 Years | |||||||||||||||||||
Perkins Family Restaurant | Austintown, OH | (a) | 1,106 | 450 | — | — | 1,106 | 450 | 1,556 | (254 | ) | 1991 | 02/06/07 | 15
to 30 Years | |||||||||||||||||||
Perkins Family Restaurant | Canton, OH | (a) | 1,325 | 781 | — | — | 1,325 | 781 | 2,106 | (378 | ) | 1989 | 02/06/07 | 15
to 30 Years | |||||||||||||||||||
Perkins Family Restaurant | Youngstown, OH | (a) | 1,560 | 557 | — | — | 1,560 | 557 | 2,117 | (296 | ) | 1985 | 02/06/07 | 15
to 30 Years | |||||||||||||||||||
Perkins Family Restaurant | Titusville, PA | (a) | 247 | 438 | — | — | 247 | 438 | 685 | (226 | ) | 1976 | 04/29/11 | 11
to 26 Years | |||||||||||||||||||
Perkins Family Restaurant | Brooklyn, OH | (d) | 1,226 | 672 | (152 | ) | (672 | ) | 1,074 | — | 1,074 | — | (f) | 02/06/07 | (f) | ||||||||||||||||||
Perkins
Family Restaurant | Hermitage, PA | (d) | 604 | 717 | — | — | 604 | 717 | 1,321 | (370 | ) | 1978 | 02/06/07 | 10
to 25 Years | |||||||||||||||||||
Perkins Family Restaurant | Ashland, OH | (b) | 294 | 642 | — | — | 294 | 642 | 936 | (186 | ) | 1971 | 03/18/13 | 13
to 20 Years | |||||||||||||||||||
PetSmart | McCarran, NV | (d) | 8,333 | 37,763 | — | — | 8,333 | 37,763 | 46,096 | (6,518 | ) | 2008 | 07/17/13 | 8
to 40 Years | |||||||||||||||||||
PetSmart | Chattanooga, TN | (c) | 1,689 | 2,837 | — | — | 1,689 | 2,837 | 4,526 | (444 | ) | 1996 | 07/17/13 | 8
to 40 Years | |||||||||||||||||||
PetSmart | Daytona Beach, FL | (c) | 775 | 3,880 | — | — | 775 | 3,880 | 4,655 | (518 | ) | 1996 | 07/17/13 | 8
to 42 Years | |||||||||||||||||||
PetSmart | Fredericksburg, VA | (c) | 1,783 | 3,491 | — | — | 1,783 | 3,491 | 5,274 | (512 | ) | 1997 | 07/17/13 | 8
to 44 Years | |||||||||||||||||||
Pier1 Imports | St. Louis, MO | (a) | 785 | 1,023 | — | — | 785 | 1,023 | 1,808 | (148 | ) | 1996 | 08/30/13 | 15
to 40 Years | |||||||||||||||||||
Pike Nursery | Alpharetta, GA | (a) | 2,497 | 2,160 | — | — | 2,497 | 2,160 | 4,657 | (1,255 | ) | 1994 | 07/01/05 | 15
to 30 Years | |||||||||||||||||||
Pike Nursery | Marietta, GA | (a) | 4,675 | 854 | — | — | 4,675 | 854 | 5,529 | (816 | ) | 1996 | 07/01/05 | 15
to 30 Years | |||||||||||||||||||
Pike Nursery | Atlanta, GA | (a) | 4,863 | 815 | — | — | 4,863 | 815 | 5,678 | (785 | ) | 1970 | 07/01/05 | 15
to 20 Years | |||||||||||||||||||
Pike Nursery | Alpharetta, GA | (a) | 4,079 | 1,948 | — | — | 4,079 | 1,948 | 6,027 | (1,583 | ) | 1983 | 07/01/05 | 15
to 20 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Pike
Nursery | Marietta, GA | (a) | 2,610 | 865 | — | — | 2,610 | 865 | 3,475 | (785 | ) | 1977 | 07/01/05 | 15
to 20 Years | |||||||||||||||||||
Pine Creek Medical Center | Dallas, TX | (a) | 1,633 | 21,835 | — | 2,019 | 1,633 | 23,854 | 25,487 | (5,631 | ) | 2005 | 08/29/05 | 15
to 50 Years | |||||||||||||||||||
Pine Creek Medical Center | Dallas, TX | (a) | 1,915 | 9,150 | — | — | 1,915 | 9,150 | 11,065 | (1,807 | ) | 2006 | 03/28/13 | 11
to 50 Years | |||||||||||||||||||
Pioneer Hi-Bred | Maxton, NC | (d) | 870 | 6,961 | — | 29 | 870 | 6,990 | 7,860 | (230 | ) | 2016 | 12/16/16 | 9
to 40 Years | |||||||||||||||||||
Pizza Hut | Evansville, IN | (a) | 270 | 231 | — | — | 270 | 231 | 501 | (80 | ) | 2000 | 06/25/04 | 30
to 30 Years | |||||||||||||||||||
Pizza Hut | Owensboro, KY | (a) | 250 | 502 | — | — | 250 | 502 | 752 | (174 | ) | 1991 | 06/25/04 | 30
to 30 Years | |||||||||||||||||||
Pizza Hut | Madill, OK | (a) | 352 | 648 | — | — | 352 | 648 | 1,000 | (785 | ) | 1972 | 06/25/04 | 10
to 15 Years | |||||||||||||||||||
Pizza Hut | Geneva, AL | (a) | 522 | 570 | — | — | 522 | 570 | 1,092 | (664 | ) | 1990 | 06/25/04 | 10
to 15 Years | |||||||||||||||||||
Pizza Hut | Blakely, GA | (a) | 288 | 744 | — | — | 288 | 744 | 1,032 | (520 | ) | 1987 | 06/25/04 | 15
to 20 Years | |||||||||||||||||||
Pizza Hut | Mayfield, KY | (a) | 307 | 596 | — | — | 307 | 596 | 903 | (372 | ) | 1997 | 06/25/04 | 15
to 30 Years | |||||||||||||||||||
Pizza Hut | Salem, IL | (a) | 271 | 218 | — | — | 271 | 218 | 489 | (125 | ) | 2000 | 07/28/04 | 15
to 30 Years | |||||||||||||||||||
Pizza Hut | Burlington, IA | (a) | 304 | 588 | — | — | 304 | 588 | 892 | (314 | ) | 1996 | 09/23/05 | 15
to 30 Years | |||||||||||||||||||
Pizza Hut | Dubuque, IA | (a) | 479 | 298 | — | — | 479 | 298 | 777 | (393 | ) | 1970 | 09/23/05 | 10
to 15 Years | |||||||||||||||||||
Pizza Hut | Tipton, IA | (a) | 240 | 408 | — | — | 240 | 408 | 648 | (520 | ) | 1991 | 09/23/05 | 10
to 15 Years | |||||||||||||||||||
Pizza Hut | Dyersville, IA | (a) | 267 | 513 | — | — | 267 | 513 | 780 | (394 | ) | 1983 | 09/23/05 | 14
to 20 Years | |||||||||||||||||||
Pizza Hut | Independence, IA | (a) | 223 | 473 | — | — | 223 | 473 | 696 | (554 | ) | 1976 | 09/23/05 | 10
to 15 Years |
Pizza Hut | Manchester, IA | (a) | 351 | 495 | — | — | 351 | 495 | 846 | (578 | ) | 1977 | 09/23/05 | 10
to 15 Years | |||||||||||||||||||
Pizza Hut | Rock Falls, IL | (a) | 314 | 631 | — | — | 314 | 631 | 945 | (324 | ) | 1995 | 09/23/05 | 15
to 30 Years | |||||||||||||||||||
Pizza Hut | De Witt, IA | (a) | 248 | 333 | — | — | 248 | 333 | 581 | (264 | ) | 1984 | 09/23/05 | 15
to 20 Years | |||||||||||||||||||
Pizza Hut | Vandalia, IL | (a) | 409 | 202 | — | — | 409 | 202 | 611 | (358 | ) | 1977 | 09/23/05 | 10
to 15 Years | |||||||||||||||||||
Pizza Hut | Charleston, IL | (a) | 272 | 220 | — | — | 272 | 220 | 492 | (248 | ) | 1986 | 09/23/05 | 10
to 15 Years | |||||||||||||||||||
Pizza Hut | Effingham, IL | (a) | 357 | 228 | — | — | 357 | 228 | 585 | (299 | ) | 1973 | 09/23/05 | 10
to 15 Years | |||||||||||||||||||
Pizza Hut | Maquoketa, IA | (a) | 184 | 90 | — | — | 184 | 90 | 274 | (149 | ) | 1973 | 09/23/05 | 10
to 15 Years | |||||||||||||||||||
Pizza Hut | Taylorville, IL | (a) | 154 | 352 | — | — | 154 | 352 | 506 | (380 | ) | 1980 | 09/23/05 | 10
to 15 Years | |||||||||||||||||||
Pizza Hut | Decorah, IA | (a) | 207 | 91 | — | — | 207 | 91 | 298 | (120 | ) | 1985 | 09/23/05 | 10
to 15 Years | |||||||||||||||||||
Pizza Hut | Vinton, IA | (a) | 121 | 114 | — | — | 121 | 114 | 235 | (181 | ) | 1978 | 09/23/05 | 10
to 15 Years | |||||||||||||||||||
Pizza Hut | Creston, IA | (a) | 103 | 180 | — | — | 103 | 180 | 283 | (214 | ) | 1974 | 12/15/05 | 10
to 15 Years | |||||||||||||||||||
Pizza Hut | New Cumberland, PA | (a) | 634 | 278 | — | 176 | 634 | 454 | 1,088 | (336 | ) | 1990 | 01/30/06 | 15
to 20 Years | |||||||||||||||||||
Pizza Hut | Ephrata, PA | (a) | 685 | 231 | — | — | 685 | 231 | 916 | (210 | ) | 1978 | 01/30/06 | 15
to 20 Years | |||||||||||||||||||
Pizza Hut | Harrisburg, PA | (a) | 762 | 241 | — | 176 | 762 | 417 | 1,179 | (336 | ) | 1977 | 01/30/06 | 15
to 20 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Pizza
Hut | Lebanon, PA | (a) | 616 | 316 | — | 176 | 616 | 492 | 1,108 | (348 | ) | 1980 | 01/30/06 | 15
to 20 Years | |||||||||||||||||||
Pizza Hut | Mechanicsburg, PA | (a) | 801 | 481 | — | — | 801 | 481 | 1,282 | (363 | ) | 1995 | 01/30/06 | 15
to 20 Years | |||||||||||||||||||
Pizza Hut | Harrisburg, PA | (a) | 611 | 239 | — | — | 611 | 239 | 850 | (283 | ) | 1978 | 01/30/06 | 15
to 20 Years | |||||||||||||||||||
Pizza Hut | Harrisburg, PA | (a) | 423 | 307 | — | — | 423 | 307 | 730 | (189 | ) | 1973 | 01/30/06 | 15
to 20 Years | |||||||||||||||||||
Pizza Hut | Lancaster, PA | (a) | 308 | 161 | — | — | 308 | 161 | 469 | (127 | ) | 1977 | 07/25/06 | 15
to 30 Years | |||||||||||||||||||
Pizza Hut | Hyattsville, MD | (a) | 702 | 245 | — | — | 702 | 245 | 947 | (184 | ) | 1985 | 11/27/06 | 15
to 20 Years | |||||||||||||||||||
Pizza Hut | Walkersville, MD | (a) | 381 | 238 | — | 68 | 381 | 306 | 687 | (182 | ) | 1985 | 11/27/06 | 11
to 20 Years | |||||||||||||||||||
Pizza Hut | Hagerstown, MD | (a) | 546 | 342 | — | 68 | 546 | 410 | 956 | (246 | ) | 1975 | 11/27/06 | 11
to 20 Years | |||||||||||||||||||
Pizza Hut | Silver Spring, MD | (a) | 1,008 | 251 | — | — | 1,008 | 251 | 1,259 | (202 | ) | 1983 | 11/27/06 | 15
to 20 Years | |||||||||||||||||||
Pizza Hut | Frederick, MD | (a) | 440 | 236 | — | 5 | 440 | 241 | 681 | (153 | ) | 1977 | 11/27/06 | 11
to 20 Years | |||||||||||||||||||
Pizza Hut | Bowie, MD | (a) | 333 | 173 | — | 200 | 333 | 373 | 706 | (257 | ) | 1983 | 11/27/06 | 15
to 20 Years | |||||||||||||||||||
Pizza Hut | Thurmont, MD | (a) | 857 | 307 | — | 68 | 857 | 375 | 1,232 | (245 | ) | 1985 | 11/27/06 | 11
to 20 Years | |||||||||||||||||||
Pizza Hut | Lanham, MD | (a) | 302 | 193 | — | 200 | 302 | 393 | 695 | (211 | ) | 1980 | 11/27/06 | 13
to 20 Years | |||||||||||||||||||
Pizza Hut | Reston, VA | (a) | 1,033 | 193 | — | — | 1,033 | 193 | 1,226 | (154 | ) | 1977 | 11/27/06 | 15
to 20 Years | |||||||||||||||||||
Pizza Hut | Emmitsburg, MD | (a) | 141 | 182 | — | — | 141 | 182 | 323 | (115 | ) | 1981 | 11/27/06 | 15
to 20 Years | |||||||||||||||||||
Pizza Hut | Clinton, MD | (a) | 300 | 193 | — | 200 | 300 | 393 | 693 | (208 | ) | 1980 | 11/27/06 | 13
to 20 Years | |||||||||||||||||||
Pizza Hut | Upper Marlboro, MD | (a) | 290 | 172 | — | — | 290 | 172 | 462 | (151 | ) | 1983 | 11/27/06 | 15
to 20 Years | |||||||||||||||||||
Pizza Hut | Burlington, IA | (a) | 318 | 484 | — | — | 318 | 484 | 802 | (265 | ) | 2006 | 12/04/06 | 15
to 30 Years | |||||||||||||||||||
Pizza Hut | Alexandria, VA | (a) | 1,024 | 202 | — | 12 | 1,024 | 214 | 1,238 | (164 | ) | 1979 | 12/19/06 | 11
to 20 Years | |||||||||||||||||||
Pizza Hut | Culpeper, VA | (a) | 367 | 169 | — | — | 367 | 169 | 536 | (128 | ) | 1977 | 12/19/06 | 15
to 20 Years | |||||||||||||||||||
Pizza Hut | Warrenton, VA | (a) | 378 | 254 | — | — | 378 | 254 | 632 | (188 | ) | 1985 | 12/19/06 | 14
to 20 Years | |||||||||||||||||||
Pizza Hut | Powell, TN | (a) | 252 | 377 | — | 176 | 252 | 553 | 805 | (278 | ) | 1982 | 11/02/07 | 15
to 30 Years | |||||||||||||||||||
Pizza Hut | Sweetwater, TN | (a) | 231 | 307 | — | — | 231 | 307 | 538 | (171 | ) | 1979 | 11/02/07 | 15
to 30 Years | |||||||||||||||||||
Pizza Hut | Knoxville, TN | (a) | 296 | 343 | — | 176 | 296 | 519 | 815 | (253 | ) | 1978 | 11/02/07 | 15
to 30 Years | |||||||||||||||||||
Pizza Hut | Chattanooga, TN | (a) | 352 | 246 | — | — | 352 | 246 | 598 | (198 | ) | 1984 | 11/02/07 | 15
to 30 Years | |||||||||||||||||||
Pizza Hut | Clinton, TN | (a) | 417 | 293 | — | — | 417 | 293 | 710 | (190 | ) | 1994 | 11/02/07 | 15
to 30 Years | |||||||||||||||||||
Pizza Hut | Ringgold, GA | (a) | 387 | 374 | — | — | 387 | 374 | 761 | (196 | ) | 1990 | 11/02/07 | 15
to 30 Years | |||||||||||||||||||
Pizza Hut | LaFayette, GA | (a) | 246 | 434 | — | 176 | 246 | 610 | 856 | (292 | ) | 1991 | 11/02/07 | 15
to 30 Years | |||||||||||||||||||
Pizza Hut | Trenton, GA | (a) | 300 | 227 | — | — | 300 | 227 | 527 | (157 | ) | 1991 | 11/02/07 | 15
to 30 Years | |||||||||||||||||||
Pizza Hut | Knoxville, TN | (a) | 172 | 700 | — | — | 172 | 700 | 872 | (278 | ) | 1991 | 11/02/07 | 15
to 30 Years | |||||||||||||||||||
Pizza Hut | Alcoa, TN | (a) | 228 | 219 | — | — | 228 | 219 | 447 | (125 | ) | 1982 | 11/02/07 | 15
to 30 Years | |||||||||||||||||||
Pizza Hut | Chatsworth, GA | (a) | 213 | 558 | — | — | 213 | 558 | 771 | (258 | ) | 1979 | 11/02/07 | 15
to 30 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Pizza
Hut | Crossville, TN | (a) | 220 | 288 | — | 176 | 220 | 464 | 684 | (245 | ) | 1978 | 11/02/07 | 15
to 30 Years | |||||||||||||||||||
Pizza Hut | Harriman, TN | (a) | 314 | 143 | — | 176 | 314 | 319 | 633 | (194 | ) | 1979 | 11/02/07 | 15
to 30 Years | |||||||||||||||||||
Pizza Hut | Soddy Daisy, TN | (a) | 316 | 405 | — | — | 316 | 405 | 721 | (214 | ) | 1989 | 11/02/07 | 15
to 30 Years | |||||||||||||||||||
Pizza Hut | Athens, TN | (a) | 197 | 341 | — | 176 | 197 | 517 | 714 | (262 | ) | 1977 | 11/02/07 | 15
to 30 Years | |||||||||||||||||||
Pizza Hut | Alcoa, TN | (a) | 483 | 318 | — | — | 483 | 318 | 801 | (188 | ) | 1978 | 11/02/07 | 15
to 30 Years | |||||||||||||||||||
Pizza Hut | Dayton, TN | (a) | 308 | 291 | — | 176 | 308 | 467 | 775 | (244 | ) | 1979 | 11/02/07 | 15
to 30 Years | |||||||||||||||||||
Pizza Hut | Kimball, TN | (a) | 367 | 283 | — | 176 | 367 | 459 | 826 | (247 | ) | 1987 | 11/02/07 | 15
to 30 Years | |||||||||||||||||||
Pizza Hut | Duluth, MN | (a) | 74 | 423 | — | — | 74 | 423 | 497 | (148 | ) | 1915 | 05/24/05 | 15
to 30 Years | |||||||||||||||||||
Pizza Hut | Lakeville, MN | (a) | 342 | 439 | — | 80 | 342 | 519 | 861 | (196 | ) | 1988 | 05/24/05 | 15
to 30 Years | |||||||||||||||||||
Pizza Hut | Woodbury, MN | (a) | 555 | 411 | (146 | ) | (16 | ) | 409 | 395 | 804 | (162 | ) | 1987 | 05/24/05 | 15
to 30 Years | |||||||||||||||||
Planet Fitness | Chicago, IL | (a) | 1,009 | 2,965 | — | — | 1,009 | 2,965 | 3,974 | (397 | ) | 2007 | 12/09/13 | 14
to 40 Years | |||||||||||||||||||
Planet Fitness | Phoenix, AZ | (d) | 642 | 2,245 | — | — | 642 | 2,245 | 2,887 | (290 | ) | 1988 | 09/30/14 | 14
to 30 Years | |||||||||||||||||||
Planet Fitness | Mesquite, TX | (d) | 601 | 1,770 | — | — | 601 | 1,770 | 2,371 | (191 | ) | 1986 | 01/15/16 | 8
to 30 Years | |||||||||||||||||||
Planet Fitness | Burnsville, MN | (b) | 1,461 | 1,597 | — | 22 | 1,461 | 1,619 | 3,080 | (195 | ) | 1978 | 04/15/16 | 8
to 20 Years | |||||||||||||||||||
Popeye's Chicken & Biscuits | Baton Rouge, LA | (a) | 565 | 286 | — | — | 565 | 286 | 851 | (251 | ) | 1991 | 06/25/04 | 15
to 20 Years | |||||||||||||||||||
Popeye's Chicken & Biscuits | San Antonio, TX | (a) | 517 | 373 | — | — | 517 | 373 | 890 | (221 | ) | 2002 | 09/25/06 | 15
to 30 Years | |||||||||||||||||||
Popeye's Chicken & Biscuits | Tempe, AZ | (a) | 480 | 361 | — | — | 480 | 361 | 841 | (211 | ) | 2003 | 09/25/06 | 15
to 30 Years | |||||||||||||||||||
Popeye's Chicken & Biscuits | San Antonio, TX | (a) | 349 | 429 | — | — | 349 | 429 | 778 | (289 | ) | 1983 | 09/25/06 | 15
to 20 Years | |||||||||||||||||||
Popeye's Chicken & Biscuits | San Antonio, TX | (a) | 428 | 339 | — | — | 428 | 339 | 767 | (205 | ) | 2001 | 09/25/06 | 15
to 30 Years | |||||||||||||||||||
Popeye's Chicken & Biscuits | San Antonio, TX | (a) | 539 | 300 | — | — | 539 | 300 | 839 | (221 | ) | 2001 | 09/25/06 | 15
to 30 Years | |||||||||||||||||||
Popeye's Chicken & Biscuits | Houston, TX | (a) | 592 | 302 | — | — | 592 | 302 | 894 | (197 | ) | 1979 | 09/28/06 | 15
to 20 Years | |||||||||||||||||||
Popeye's Chicken & Biscuits | Lafayette, LA | (a) | 300 | 779 | — | — | 300 | 779 | 1,079 | (128 | ) | 1972 | 10/30/13 | 15
to 30 Years | |||||||||||||||||||
Popeye's Chicken & Biscuits | Opelousas, LA | (a) | 419 | 659 | — | — | 419 | 659 | 1,078 | (119 | ) | 1968 | 10/30/13 | 15
to 30 Years | |||||||||||||||||||
Popeye's Chicken & Biscuits | Bartlett, TN | (a) | 411 | — | — | — | 411 | — | 411 | — | (f) | 10/30/13 | (f) | ||||||||||||||||||||
Popeye's
Chicken & Biscuits | Memphis, TN | (a) | 320 | — | — | — | 320 | — | 320 | — | (f) | 10/30/13 | (f) |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Popeye's
Chicken & Biscuits | Holly Springs, MS | (a) | 116 | — | — | — | 116 | — | 116 | — | (f) | 10/30/13 | (f) | ||||||||||||||||||||
Popeye's
Chicken & Biscuits | Collierville, TN | (a) | 539 | — | — | — | 539 | — | 539 | — | (f) | 10/30/13 | (f) | ||||||||||||||||||||
Popeye's
Chicken & Biscuits | Nashville, TN | (a) | 264 | — | — | — | 264 | — | 264 | — | (f) | 10/30/13 | (f) | ||||||||||||||||||||
Popeye's
Chicken & Biscuits | Horn Lake, MS | (a) | 231 | — | — | — | 231 | — | 231 | — | (f) | 10/30/13 | (f) | ||||||||||||||||||||
Popeye's
Chicken & Biscuits | Nashville, TN | (a) | 538 | — | — | — | 538 | — | 538 | — | (f) | 10/30/13 | (f) | ||||||||||||||||||||
Popeye's
Chicken & Biscuits | Baton Rouge, LA | (a) | 594 | 417 | — | — | 594 | 417 | 1,011 | (331 | ) | 1979 | 06/25/04 | 15
to 20 Years | |||||||||||||||||||
Popeye's Chicken & Biscuits | Port Allen, LA | (a) | 521 | 575 | — | — | 521 | 575 | 1,096 | (344 | ) | 1997 | 09/24/04 | 15
to 30 Years | |||||||||||||||||||
Popeye's Chicken & Biscuits | Baton Rouge, LA | (a) | 472 | 642 | — | — | 472 | 642 | 1,114 | (319 | ) | 1987 | 09/24/04 | 15
to 30 Years | |||||||||||||||||||
Popeye's Chicken & Biscuits | Miami, FL | (a) | 602 | 14 | — | — | 602 | 14 | 616 | (202 | ) | 1978 | 09/24/04 | 10
to 15 Years | |||||||||||||||||||
Popeye's Chicken & Biscuits | Miami, FL | (a) | 596 | 105 | — | — | 596 | 105 | 701 | (165 | ) | 1978 | 09/24/04 | 10
to 15 Years | |||||||||||||||||||
Popeye's Chicken & Biscuits | Deerfield Beach, FL | (a) | 668 | 295 | — | — | 668 | 295 | 963 | (178 | ) | 1970 | 09/24/04 | 15
to 30 Years | |||||||||||||||||||
Popeye's Chicken & Biscuits | Fort Lauderdale, FL | (a) | 601 | 121 | — | — | 601 | 121 | 722 | (218 | ) | 1984 | 09/24/04 | 10
to 15 Years | |||||||||||||||||||
Popeye's Chicken & Biscuits | Pensacola, FL | (a) | 860 | 291 | — | — | 860 | 291 | 1,151 | (422 | ) | 1977 | 07/28/04 | 10
to 15 Years | |||||||||||||||||||
Popeye's Chicken & Biscuits | St. Louis, MO | (a) | 503 | 651 | — | — | 503 | 651 | 1,154 | (427 | ) | 1976 | 09/24/04 | 15
to 20 Years | |||||||||||||||||||
Popeye's Chicken & Biscuits | St. Louis, MO | (a) | 828 | 351 | — | — | 828 | 351 | 1,179 | (332 | ) | 1986 | 09/24/04 | 15
to 20 Years | |||||||||||||||||||
Popeye's Chicken & Biscuits | Fort Pierce, FL | (a) | 667 | 184 | — | — | 667 | 184 | 851 | (153 | ) | 1999 | 09/24/04 | 15
to 30 Years | |||||||||||||||||||
Popeye's Chicken & Biscuits | Lauderdale Lakes, FL | (a) | 411 | 346 | — | — | 411 | 346 | 757 | (165 | ) | 1998 | 12/29/06 | 15
to 30 Years | |||||||||||||||||||
Primanti Bros. | Avon, IN | (a) | 899 | 614 | — | 188 | 899 | 802 | 1,701 | (123 | ) | 2014 | 10/31/14 | 14
to 30 Years | |||||||||||||||||||
Primanti Bros. | Indianapolis, IN | (a) | 590 | 633 | — | — | 590 | 633 | 1,223 | (125 | ) | 2014 | 10/31/14 | 14
to 30 Years | |||||||||||||||||||
PriMed Physicians | Beavercreek, OH | (d) | 559 | 1,420 | — | — | 559 | 1,420 | 1,979 | (216 | ) | 1985 | 08/18/14 | 7
to 40 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Progressive
Medical Center | Dunwoody, GA | (d) | 1,061 | 4,556 | — | 22 | 1,061 | 4,578 | 5,639 | (250 | ) | 1988 | 10/27/16 | 2
to 40 Years | |||||||||||||||||||
Promedica Physicians Eyecare | Monroe, MI | (d) | 728 | 3,440 | — | — | 728 | 3,440 | 4,168 | (575 | ) | 2002 | 08/18/14 | 9
to 30 Years | |||||||||||||||||||
Rainbow Kids Clinic | Clarksville, TN | (a) | 978 | 2,718 | — | — | 978 | 2,718 | 3,696 | (262 | ) | 2011 | 12/04/14 | 15
to 40 Years | |||||||||||||||||||
Rally's | New Albany, IN | (a) | 497 | 278 | — | — | 497 | 278 | 775 | (190 | ) | 1992 | 09/24/04 | 15
to 30 Years | |||||||||||||||||||
Rally's | Louisville, KY | (a) | 334 | 251 | — | — | 334 | 251 | 585 | (159 | ) | 1991 | 09/24/04 | 15
to 20 Years | |||||||||||||||||||
Rally's | Florence, KY | (a) | 524 | 209 | — | — | 524 | 209 | 733 | (184 | ) | 1992 | 09/24/04 | 15
to 30 Years | |||||||||||||||||||
Rally's | Marion, IN | (a) | 503 | 153 | — | — | 503 | 153 | 656 | (147 | ) | 1990 | 09/24/04 | 15
to 20 Years | |||||||||||||||||||
Raymour & Flanigan Furniture | Horseheads, NY | (a) | 1,376 | 12,506 | — | — | 1,376 | 12,506 | 13,882 | (611 | ) | 2005 | 10/06/15 | 15
to 50 Years | |||||||||||||||||||
Raymour & Flanigan Furniture | Johnson City, NY | (a) | 1,459 | 10,433 | — | — | 1,459 | 10,433 | 11,892 | (653 | ) | 1978 | 10/06/15 | 15
to 40 Years |
RBG
Eye Associates | Sherman, TX | (a) | 1,249 | 4,713 | — | — | 1,249 | 4,713 | 5,962 | (362 | ) | 2013 | 06/30/15 | 15
to 40 Years | |||||||||||||||||||
Red Lobster | Albany, GA | (d) | 744 | 1,340 | — | — | 744 | 1,340 | 2,084 | (181 | ) | 1971 | 12/23/14 | 15
to 30 Years | |||||||||||||||||||
Red Lobster | Columbus, GA | (d) | 876 | 1,243 | — | — | 876 | 1,243 | 2,119 | (173 | ) | 2003 | 12/23/14 | 15
to 30 Years | |||||||||||||||||||
Red Lobster | Aurora, CO | (d) | 1,151 | 1,742 | — | — | 1,151 | 1,742 | 2,893 | (190 | ) | 1974 | 12/23/14 | 15
to 40 Years | |||||||||||||||||||
Red Lobster | Bloomington, IL | (d) | 662 | 1,029 | — | — | 662 | 1,029 | 1,691 | (142 | ) | 1975 | 12/23/14 | 15
to 30 Years | |||||||||||||||||||
Red Lobster | Durham, NC | (d) | 1,477 | 1,661 | — | — | 1,477 | 1,661 | 3,138 | (235 | ) | 1978 | 12/23/14 | 15
to 30 Years | |||||||||||||||||||
Red Lobster | Beachwood, OH | (d) | 1,080 | 1,773 | — | — | 1,080 | 1,773 | 2,853 | (198 | ) | 1977 | 12/23/14 | 15
to 40 Years | |||||||||||||||||||
Red Lobster | Syracuse, NY | (d) | 734 | 1,518 | — | — | 734 | 1,518 | 2,252 | (219 | ) | 1981 | 12/23/14 | 15
to 30 Years | |||||||||||||||||||
Red Lobster | Bradley, IL | (d) | 1,610 | 1,783 | — | — | 1,610 | 1,783 | 3,393 | (268 | ) | 1991 | 12/23/14 | 15
to 30 Years | |||||||||||||||||||
Red Lobster | Meadville, PA | (d) | 652 | 1,284 | — | — | 652 | 1,284 | 1,936 | (198 | ) | 1991 | 12/23/14 | 15
to 30 Years | |||||||||||||||||||
Red Lobster | Oxford, AL | (d) | 489 | 1,212 | — | — | 489 | 1,212 | 1,701 | (168 | ) | 1991 | 12/23/14 | 15
to 30 Years | |||||||||||||||||||
Red Lobster | Findlay, OH | (d) | 958 | 1,029 | — | — | 958 | 1,029 | 1,987 | (154 | ) | 1991 | 12/23/14 | 15
to 30 Years | |||||||||||||||||||
Red Lobster | Adrian, MI | (d) | 652 | 1,233 | — | — | 652 | 1,233 | 1,885 | (166 | ) | 1991 | 12/23/14 | 15
to 30 Years | |||||||||||||||||||
Red Lobster | Salina, KS | (d) | 764 | 1,100 | — | — | 764 | 1,100 | 1,864 | (167 | ) | 1994 | 12/23/14 | 15
to 30 Years | |||||||||||||||||||
Red Lobster | Tifton, GA | (d) | 642 | 1,009 | — | — | 642 | 1,009 | 1,651 | (120 | ) | 1995 | 12/23/14 | 15
to 40 Years | |||||||||||||||||||
Red Lobster | Council Bluffs, IA | (d) | 1,070 | 703 | — | — | 1,070 | 703 | 1,773 | (115 | ) | 1995 | 12/23/14 | 15
to 30 Years | |||||||||||||||||||
Red Lobster | Stillwater, OK | (d) | 611 | 1,447 | — | — | 611 | 1,447 | 2,058 | (163 | ) | 1995 | 12/23/14 | 15
to 30 Years | |||||||||||||||||||
Red Lobster | Monroe, MI | (d) | 927 | 897 | — | — | 927 | 897 | 1,824 | (159 | ) | 1996 | 12/23/14 | 15
to 30 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Red
Lobster | Tullahoma, TN | (d) | 520 | 886 | — | — | 520 | 886 | 1,406 | (111 | ) | 1996 | 12/23/14 | 15
to 40 Years | |||||||||||||||||||
Red Lobster | Lewiston, ID | (d) | 1,080 | 866 | — | — | 1,080 | 866 | 1,946 | (146 | ) | 1996 | 12/23/14 | 15
to 30 Years | |||||||||||||||||||
Red Lobster | Indianapolis, IN | (d) | 418 | 1,223 | — | — | 418 | 1,223 | 1,641 | (132 | ) | 1992 | 12/23/14 | 15
to 30 Years | |||||||||||||||||||
Red Lobster | Waterford, MI | (d) | 761 | 1,958 | — | — | 761 | 1,958 | 2,719 | (197 | ) | 1997 | 02/10/15 | 15
to 40 Years | |||||||||||||||||||
Red Lobster | Paducah, KY | (d) | 1,485 | 2,407 | — | 69 | 1,485 | 2,476 | 3,961 | (96 | ) | 2013 | 12/22/16 | 13
to 40 Years | |||||||||||||||||||
Red Lobster | Winston-Salem, NC | (d) | 1,707 | 1,873 | — | — | 1,707 | 1,873 | 3,580 | (74 | ) | 1998 | 12/22/16 | 13
to 40 Years | |||||||||||||||||||
Red Lobster | Rockford, IL | (d) | 1,348 | 2,842 | — | — | 1,348 | 2,842 | 4,190 | (109 | ) | 1977 | 12/22/16 | 13
to 40 Years | |||||||||||||||||||
Red Lobster | Zanesville, OH | (d) | 1,088 | 2,218 | — | — | 1,088 | 2,218 | 3,306 | (112 | ) | 1992 | 12/22/16 | 11
to 30 Years | |||||||||||||||||||
Red Lobster | Monroeville, PA | (d) | 1,677 | 3,508 | — | — | 1,677 | 3,508 | 5,185 | (159 | ) | 2009 | 12/22/16 | 12
to 30 Years | |||||||||||||||||||
Red Lobster | Duluth, GA | (d) | 1,913 | 4,576 | — | — | 1,913 | 4,576 | 6,489 | (151 | ) | 1984 | 12/22/16 | 13
to 40 Years | |||||||||||||||||||
Red Mesa Grill | Traverse City, MI | (d) | 651 | 1,255 | — | — | 651 | 1,255 | 1,906 | (119 | ) | 2004 | 11/09/15 | 15
to 30 Years | |||||||||||||||||||
Red Mesa Grill | Boyne City, MI | (d) | 69 | 938 | — | — | 69 | 938 | 1,007 | (69 | ) | 1997 | 11/09/15 | 15
to 30 Years | |||||||||||||||||||
Red Mesa Grill | Elk Rapids, MI | (d) | 227 | 947 | — | — | 227 | 947 | 1,174 | (76 | ) | 1998 | 11/09/15 | 15
to 30 Years | |||||||||||||||||||
Red Robin Gourmet Burgers | Gurnee, IL | (a) | 586 | 619 | — | — | 586 | 619 | 1,205 | (424 | ) | 1995 | 06/25/04 | 15
to 20 Years | |||||||||||||||||||
Regal Cinemas | Martinsburg, WV | (a) | 2,450 | 3,528 | — | — | 2,450 | 3,528 | 5,978 | (1,794 | ) | 1998 | 09/30/05 | 12
to 30 Years | |||||||||||||||||||
Regal Cinemas | Fenton, MO | (a) | 2,792 | 5,982 | — | — | 2,792 | 5,982 | 8,774 | (833 | ) | 2008 | 09/29/14 | 13
to 40 Years | |||||||||||||||||||
Regal Cinemas | Lebanon, PA | (a) | 747 | 4,295 | — | — | 747 | 4,295 | 5,042 | (527 | ) | 2006 | 09/29/14 | 13
to 30 Years | |||||||||||||||||||
Regal Cinemas | Massillon, OH | (a) | 1,767 | 2,667 | — | 1,600 | 1,767 | 4,267 | 6,034 | (582 | ) | 2005 | 09/29/14 | 13
to 30 Years | |||||||||||||||||||
Regal Cinemas | Nitro, WV | (a) | 1,816 | 3,068 | — | — | 1,816 | 3,068 | 4,884 | (573 | ) | 2005 | 09/29/14 | 13
to 30 Years | |||||||||||||||||||
Regal Cinemas | Dickson City, PA | (a) | 4,198 | 5,269 | — | — | 4,198 | 5,269 | 9,467 | (1,111 | ) | 2010 | 09/29/14 | 13
to 30 Years | |||||||||||||||||||
Regal Cinemas | Simpsonville, SC | (a) | 1,862 | 5,453 | — | — | 1,862 | 5,453 | 7,315 | (775 | ) | 2010 | 09/29/14 | 13
to 40 Years | |||||||||||||||||||
Regal Cinemas | Carrollton, GA | (d) | 1,879 | 5,868 | — | — | 1,879 | 5,868 | 7,747 | (606 | ) | 2005 | 12/30/14 | 15
to 40 Years | |||||||||||||||||||
Regal Cinemas | Dawsonville, GA | (d) | 1,859 | 4,207 | — | — | 1,859 | 4,207 | 6,066 | (469 | ) | 2005 | 12/30/14 | 15
to 40 Years | |||||||||||||||||||
Regal Cinemas | Gainesville, GA | (d) | 2,278 | 8,684 | — | — | 2,278 | 8,684 | 10,962 | (807 | ) | 1996 | 12/30/14 | 15
to 40 Years | |||||||||||||||||||
Regal Cinemas | Woodstock, GA | (d) | 2,798 | 5,057 | — | — | 2,798 | 5,057 | 7,855 | (632 | ) | 1997 | 12/30/14 | 15
to 30 Years | |||||||||||||||||||
Regal Cinemas | Griffin, GA | (d) | 1,239 | 3,188 | — | — | 1,239 | 3,188 | 4,427 | (455 | ) | 2005 | 12/30/14 | 15
to 30 Years | |||||||||||||||||||
Regal Cinemas | Omaha, NE | (d) | 2,254 | 4,249 | — | — | 2,254 | 4,249 | 6,503 | (578 | ) | 2006 | 03/26/15 | 12
to 30 Years | |||||||||||||||||||
Regal Cinemas | Avon, IN | (d) | 3,388 | 2,967 | — | 3,651 | 3,388 | 6,618 | 10,006 | (860 | ) | 1995 | 03/01/16 | 4
to 30 Years | |||||||||||||||||||
Regal Cinemas | Bowie, MD | (d) | 7,138 | 5,936 | — | 23 | 7,138 | 5,959 | 13,097 | (368 | ) | 1998 | 11/23/16 | 8
to 40 Years | |||||||||||||||||||
Renn Kirby Chevrolet Buick | Gettysburg, PA | (a) | 1,385 | 3,259 | — | — | 1,385 | 3,259 | 4,644 | (1,575 | ) | 2005 | 02/16/07 | 5
to 30 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Repair
One | Port Orange, FL | (a) | 599 | 967 | — | 35 | 599 | 1,002 | 1,601 | (67 | ) | 1997 | 06/24/16 | 13
to 30 Years | |||||||||||||||||||
Rick Johnson Auto & Tire | Naples, FL | (a) | 249 | 265 | — | — | 249 | 265 | 514 | (65 | ) | 1966 | 10/28/13 | 9
to 20 Years | |||||||||||||||||||
Rick Johnson Auto & Tire | Naples, FL | (a) | 425 | 424 | — | — | 425 | 424 | 849 | (95 | ) | 2006 | 10/28/13 | 9
to 30 Years | |||||||||||||||||||
Rick Johnson Auto & Tire | Estero, FL | (a) | 334 | 571 | — | — | 334 | 571 | 905 | (116 | ) | 2009 | 10/28/13 | 9
to 30 Years | |||||||||||||||||||
Rick Johnson Auto & Tire | Estero, FL | (a) | 394 | 399 | — | — | 394 | 399 | 793 | (94 | ) | 2004 | 10/28/13 | 9
to 30 Years | |||||||||||||||||||
Rite Aid | St. Clair Shores, MI | (a) | 1,169 | 761 | — | — | 1,169 | 761 | 1,930 | (319 | ) | 1991 | 05/02/05 | 15
to 30 Years | |||||||||||||||||||
Rite Aid | Philadelphia, PA | (a) | 733 | 1,087 | — | — | 733 | 1,087 | 1,820 | (337 | ) | 1993 | 07/01/05 | 19
to 40 Years | |||||||||||||||||||
Rite Aid | Moundsville, WV | (a) | 706 | 1,002 | — | — | 706 | 1,002 | 1,708 | (316 | ) | 1993 | 07/01/05 | 19
to 40 Years | |||||||||||||||||||
Rite Aid | Oneida, NY | (a) | 1,315 | 1,411 | — | — | 1,315 | 1,411 | 2,726 | (443 | ) | 1999 | 07/01/05 | 19
to 40 Years | |||||||||||||||||||
Rite Aid | Uhrichsville, OH | (a) | 617 | 2,345 | — | — | 617 | 2,345 | 2,962 | (683 | ) | 2000 | 07/01/05 | 19
to 40 Years | |||||||||||||||||||
Rite Aid | Buffalo, NY | (a) | 681 | 925 | — | — | 681 | 925 | 1,606 | (288 | ) | 1993 | 07/01/05 | 19
to 40 Years | |||||||||||||||||||
Rite Aid | Philadelphia, PA | (a) | 1,613 | 1,880 | — | — | 1,613 | 1,880 | 3,493 | (574 | ) | 1999 | 07/01/05 | 19
to 40 Years | |||||||||||||||||||
Rite Aid | Enterprise, AL | (d) | 1,163 | 1,612 | — | — | 1,163 | 1,612 | 2,775 | (308 | ) | 2006 | 07/17/13 | 11
to 37 Years | |||||||||||||||||||
Rite Aid | Wauseon, OH | (d) | 1,000 | 2,034 | — | — | 1,000 | 2,034 | 3,034 | (361 | ) | 2005 | 07/17/13 | 12
to 37 Years | |||||||||||||||||||
Rite Aid | Fremont, OH | (d) | 504 | 1,405 | (378 | ) | (1,053 | ) | 126 | 352 | 478 | (14 | ) | 1998 | 07/17/13 | 4
to 27 Years | |||||||||||||||||
Rite Aid | Cleveland, OH | (d) | 776 | 1,158 | — | — | 776 | 1,158 | 1,934 | (239 | ) | 1998 | 07/17/13 | 5
to 30 Years | |||||||||||||||||||
Rite Aid | Defiance, OH | (d) | 645 | 2,452 | — | — | 645 | 2,452 | 3,097 | (407 | ) | 2005 | 07/17/13 | 11
to 38 Years | |||||||||||||||||||
Rite Aid | Lansing, MI | (d) | 196 | 1,487 | — | — | 196 | 1,487 | 1,683 | (256 | ) | 1996 | 07/17/13 | 3
to 31 Years | |||||||||||||||||||
Rite Aid | Glassport, PA | (d) | 550 | 2,471 | — | — | 550 | 2,471 | 3,021 | (421 | ) | 2006 | 07/17/13 | 11
to 37 Years | |||||||||||||||||||
Rite Aid | Lincolnton, NC | (d) | 548 | 1,537 | — | — | 548 | 1,537 | 2,085 | (262 | ) | 1998 | 07/17/13 | 4
to 37 Years | |||||||||||||||||||
Rite Aid | Easton, PA | (d) | 1,028 | 3,996 | — | — | 1,028 | 3,996 | 5,024 | (580 | ) | 2006 | 07/17/13 | 12
to 41 Years | |||||||||||||||||||
Rite Aid | Plains, PA | (d) | 1,502 | 2,611 | — | — | 1,502 | 2,611 | 4,113 | (446 | ) | 2006 | 07/17/13 | 12
to 37 Years | |||||||||||||||||||
Rite Aid | Lima, OH | (d) | 568 | 3,221 | — | — | 568 | 3,221 | 3,789 | (453 | ) | 2005 | 07/17/13 | 12
to 43 Years | |||||||||||||||||||
Rite Aid | Fredericksburg, VA | (d) | 1,426 | 2,077 | — | — | 1,426 | 2,077 | 3,503 | (361 | ) | 2006 | 07/17/13 | 14
to 37 Years | |||||||||||||||||||
Rite Aid | Spartanburg, SC | (d) | 1,196 | 1,671 | — | — | 1,196 | 1,671 | 2,867 | (300 | ) | 1999 | 07/17/13 | 5
to 34 Years | |||||||||||||||||||
Rite Aid | Hixson, TN | (d) | 450 | 2,025 | — | — | 450 | 2,025 | 2,475 | (21 | ) | 1997 | 07/17/13 | 40
to 40 Years | |||||||||||||||||||
Ruth's Chris Steakhouse | Metairie, LA | (c) | 800 | 3,016 | — | — | 800 | 3,016 | 3,816 | (474 | ) | 1964 | 07/17/13 | 10
to 30 Years | |||||||||||||||||||
Ruth's Chris Steakhouse | Sarasota, FL | (b) | 2,758 | 412 | — | — | 2,758 | 412 | 3,170 | (176 | ) | 2000 | 07/17/13 | 12
to 25 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Ryan's | Bowling
Green, KY | (b) | 934 | 3,135 | (579 | ) | (1,940 | ) | 355 | 1,195 | 1,550 | (70 | ) | 1997 | 07/17/13 | 10
to 34 Years | |||||||||||||||||
Ryan's | Lake Charles, LA | (b) | 1,619 | 1,349 | — | — | 1,619 | 1,349 | 2,968 | (389 | ) | 1987 | 07/17/13 | 10
to 24 Years | |||||||||||||||||||
Ryan's | Picayune, MS | (b) | 1,250 | 1,409 | — | — | 1,250 | 1,409 | 2,659 | (333 | ) | 1999 | 07/17/13 | 7
to 29 Years | |||||||||||||||||||
Ryan's | Conroe, TX | (b) | 942 | 3,274 | (575 | ) | (2,006 | ) | 367 | 1,268 | 1,635 | (78 | ) | 1993 | 07/17/13 | 11
to 32 Years | |||||||||||||||||
Ryan's | Princeton, WV | (b) | 948 | 2,212 | — | — | 948 | 2,212 | 3,160 | (538 | ) | 2001 | 07/17/13 | 11
to 25 Years | |||||||||||||||||||
Saisaki Asian Bistro and Sushi | Newport News, VA | (d) | 1,184 | 311 | — | — | 1,184 | 311 | 1,495 | (318 | ) | 1995 | 06/25/04 | 10
to 25 Years | |||||||||||||||||||
Sanford's Grub & Pub | Dickinson, ND | (a) | 616 | 1,301 | — | — | 616 | 1,301 | 1,917 | (464 | ) | 2003 | 12/29/06 | 15
to 40 Years | |||||||||||||||||||
Sanford's Grub & Pub | Cheyenne, WY | (d) | 277 | 2,041 | — | — | 277 | 2,041 | 2,318 | (1,122 | ) | 1928 | 12/29/06 | 15
to 20 Years | |||||||||||||||||||
Serrano's Mexican Restaurant | Mesa, AZ | (d) | 422 | 1,002 | — | — | 422 | 1,002 | 1,424 | (163 | ) | 1990 | 06/14/13 | 15
to 40 Years | |||||||||||||||||||
Serrano's Mexican Restaurant | Queen Creek, AZ | (d) | 609 | 1,159 | — | — | 609 | 1,159 | 1,768 | (208 | ) | 2004 | 06/14/13 | 15
to 40 Years | |||||||||||||||||||
Service King | Madison, TN | (a) | 662 | 1,567 | — | — | 662 | 1,567 | 2,229 | (197 | ) | 2000 | 03/31/14 | 14
to 40 Years | |||||||||||||||||||
Service King | Nashville, TN | (a) | 828 | 1,405 | — | — | 828 | 1,405 | 2,233 | (239 | ) | 2000 | 03/31/14 | 14
to 30 Years | |||||||||||||||||||
Service King | Clarksville, TN | (a) | 658 | 1,243 | — | — | 658 | 1,243 | 1,901 | (195 | ) | 2000 | 03/31/14 | 14
to 30 Years | |||||||||||||||||||
Sheffield Pharmaceuticals | Norwich, CT | (d) | 627 | 4,767 | — | 27 | 627 | 4,794 | 5,421 | (288 | ) | 1975 | 06/30/16 | 4
to 30 Years | |||||||||||||||||||
Shell | Kimberling City, MO | (d) | 173 | 474 | — | 9 | 173 | 483 | 656 | (15 | ) | 1950 | 03/23/17 | 15
to 30 Years | |||||||||||||||||||
Shell | Branson, MO | (d) | 1,781 | 2,864 | — | — | 1,781 | 2,864 | 4,645 | (126 | ) | 1992 | 03/23/17 | 15
to 30 Years | |||||||||||||||||||
Shell | Joplin, MO | (d) | 352 | 434 | — | 28 | 352 | 462 | 814 | (16 | ) | 2008 | 05/05/17 | 15
to 40 Years | |||||||||||||||||||
Shell | Richland, MO | (d) | 2,657 | 1,181 | — | — | 2,657 | 1,181 | 3,838 | (142 | ) | 1984 | 05/05/17 | 10
to 20 Years | |||||||||||||||||||
Shell | Holiday Island, AR | (d) | 222 | 357 | — | — | 222 | 357 | 579 | (16 | ) | 2000 | 05/05/17 | 10
to 30 Years | |||||||||||||||||||
Shooters World | Tampa, FL | (d) | 1,588 | 6,134 | — | — | 1,588 | 6,134 | 7,722 | (473 | ) | 1990 | 06/05/15 | 15
to 40 Years | |||||||||||||||||||
Shopko | Woodsfield, OH | (d) | 691 | 1,009 | — | — | 691 | 1,009 | 1,700 | (574 | ) | 2000 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Manistique, MI | (d) | 659 | 1,223 | — | — | 659 | 1,223 | 1,882 | (625 | ) | 2000 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Minerva, OH | (d) | 1,103 | 902 | — | — | 1,103 | 902 | 2,005 | (647 | ) | 2000 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Burlington, KS | (d) | 371 | 565 | — | — | 371 | 565 | 936 | (402 | ) | 1990 | 05/31/06 | 15
to 20 Years |
Shopko | Clarion, IA | (d) | 365 | 812 | — | — | 365 | 812 | 1,177 | (415 | ) | 2000 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Mount Ayr, IA | (d) | 228 | 666 | — | — | 228 | 666 | 894 | (311 | ) | 1995 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Gallatin, MO | (d) | 57 | 405 | — | — | 57 | 405 | 462 | (175 | ) | 1990 | 05/31/06 | 15
to 30 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Shopko | Memphis,
MO | (d) | 448 | 313 | — | — | 448 | 313 | 761 | (270 | ) | 1983 | 05/31/06 | 15
to 20 Years | |||||||||||||||||||
Shopko | Albany, MO | (d) | 66 | 410 | — | — | 66 | 410 | 476 | (171 | ) | 1990 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Powell, WY | (d) | 1,264 | 859 | — | — | 1,264 | 859 | 2,123 | (621 | ) | 1985 | 05/31/06 | 15
to 25 Years | |||||||||||||||||||
Shopko | Tuscola, IL | (d) | 724 | 897 | — | — | 724 | 897 | 1,621 | (543 | ) | 2000 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Rockville, IN | (d) | 628 | 939 | — | — | 628 | 939 | 1,567 | (526 | ) | 1999 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Sturgis, SD | (d) | 402 | 717 | — | — | 402 | 717 | 1,119 | (471 | ) | 1984 | 05/31/06 | 15
to 25 Years | |||||||||||||||||||
Shopko | Attica, IN | (d) | 550 | 1,116 | — | — | 550 | 1,116 | 1,666 | (580 | ) | 1999 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Monticello, IL | (d) | 641 | 1,172 | — | — | 641 | 1,172 | 1,813 | (603 | ) | 1999 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Clintonville, WI | (d) | 495 | 1,089 | — | — | 495 | 1,089 | 1,584 | (690 | ) | 1978 | 05/31/06 | 15
to 25 Years | |||||||||||||||||||
Shopko | Lancaster, WI | (d) | 581 | 1,018 | — | — | 581 | 1,018 | 1,599 | (534 | ) | 1999 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Perry, IA | (d) | 651 | 1,015 | — | — | 651 | 1,015 | 1,666 | (564 | ) | 1998 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Glasgow, MT | (d) | 772 | 1,623 | — | — | 772 | 1,623 | 2,395 | (814 | ) | 1998 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Arcadia, WI | (d) | 673 | 983 | — | — | 673 | 983 | 1,656 | (616 | ) | 2000 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Lander, WY | (d) | 289 | 589 | — | — | 289 | 589 | 878 | (394 | ) | 1974 | 05/31/06 | 15
to 20 Years | |||||||||||||||||||
Shopko | Waukon, IA | (d) | 604 | 971 | — | — | 604 | 971 | 1,575 | (523 | ) | 1998 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Dyersville, IA | (d) | 381 | 1,082 | — | — | 381 | 1,082 | 1,463 | (515 | ) | 2000 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Glenwood, MN | (d) | 775 | 1,404 | — | — | 775 | 1,404 | 2,179 | (582 | ) | 1996 | 05/31/06 | 15
to 40 Years | |||||||||||||||||||
Shopko | Dowagiac, MI | (d) | 762 | 984 | — | — | 762 | 984 | 1,746 | (546 | ) | 2000 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Hart, MI | (d) | 565 | 1,377 | — | — | 565 | 1,377 | 1,942 | (634 | ) | 1999 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Rawlins, WY | (d) | 430 | 581 | — | — | 430 | 581 | 1,011 | (433 | ) | 1971 | 05/31/06 | 15
to 20 Years | |||||||||||||||||||
Shopko | Oconto, WI | (d) | 496 | 1,176 | — | — | 496 | 1,176 | 1,672 | (611 | ) | 2000 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Newaygo, MI | (d) | 633 | 1,155 | — | — | 633 | 1,155 | 1,788 | (587 | ) | 2000 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Clare, MI | (d) | 1,219 | 760 | — | — | 1,219 | 760 | 1,979 | (617 | ) | 2000 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Kewaunee, WI | (d) | 872 | 758 | — | — | 872 | 758 | 1,630 | (567 | ) | 2000 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Madison, SD | (d) | 1,060 | 1,015 | — | — | 1,060 | 1,015 | 2,075 | (756 | ) | 1975 | 05/31/06 | 15
to 25 Years | |||||||||||||||||||
Shopko | Mount Carmel, IL | (d) | 972 | 1,602 | — | — | 972 | 1,602 | 2,574 | (1,077 | ) | 2000 | 05/31/06 | 15
to 20 Years | |||||||||||||||||||
Shopko | Fergus Falls, MN | (d) | 738 | 1,175 | — | — | 738 | 1,175 | 1,913 | (722 | ) | 1986 | 05/31/06 | 15
to 20 Years | |||||||||||||||||||
Shopko | Allegan, MI | (d) | 741 | 1,198 | — | — | 741 | 1,198 | 1,939 | (612 | ) | 2000 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Spokane, WA | (d) | 1,014 | 3,005 | — | — | 1,014 | 3,005 | 4,019 | (1,562 | ) | 1987 | 05/31/06 | 15
to 29 Years | |||||||||||||||||||
Shopko | Twin Falls, ID | (d) | 2,037 | 3,696 | — | — | 2,037 | 3,696 | 5,733 | (2,274 | ) | 1986 | 05/31/06 | 15
to 20 Years | |||||||||||||||||||
Shopko | Worthington, MN | (d) | 2,861 | 3,767 | — | — | 2,861 | 3,767 | 6,628 | (1,721 | ) | 1984 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | St. Cloud, MN | (d) | 3,749 | 4,884 | — | — | 3,749 | 4,884 | 8,633 | (2,957 | ) | 1985 | 05/31/06 | 15
to 20 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Shopko | Austin,
MN | (d) | 4,246 | 4,444 | — | — | 4,246 | 4,444 | 8,690 | (2,081 | ) | 1983 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Mankato, MN | (d) | 6,167 | 4,861 | — | — | 6,167 | 4,861 | 11,028 | (2,896 | ) | 1971 | 05/31/06 | 15
to 28 Years | |||||||||||||||||||
Shopko | Aberdeen, SD | (d) | 3,857 | 3,348 | — | — | 3,857 | 3,348 | 7,205 | (1,658 | ) | 1984 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Rochester, MN | (d) | 6,466 | 4,232 | — | — | 6,466 | 4,232 | 10,698 | (2,678 | ) | 1981 | 05/31/06 | 15
to 28 Years | |||||||||||||||||||
Shopko | Marquette, MI | (d) | 4,423 | 5,774 | — | — | 4,423 | 5,774 | 10,197 | (3,460 | ) | 1969 | 05/31/06 | 15
to 25 Years | |||||||||||||||||||
Shopko | Rochester, MN | (d) | 6,189 | 4,511 | — | — | 6,189 | 4,511 | 10,700 | (2,792 | ) | 1981 | 05/31/06 | 15
to 20 Years | |||||||||||||||||||
Shopko | Lewiston, ID | (d) | 409 | 2,999 | — | — | 409 | 2,999 | 3,408 | (1,848 | ) | 1987 | 05/31/06 | 15
to 25 Years | |||||||||||||||||||
Shopko | Houghton, MI | (d) | 1,963 | 4,025 | — | — | 1,963 | 4,025 | 5,988 | (1,980 | ) | 1994 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Missoula, MT | (d) | 4,123 | 5,253 | — | — | 4,123 | 5,253 | 9,376 | (3,038 | ) | 1987 | 05/31/06 | 15
to 28 Years | |||||||||||||||||||
Shopko | Kingsford, MI | (d) | 3,736 | 3,570 | — | — | 3,736 | 3,570 | 7,306 | (2,212 | ) | 1970 | 05/31/06 | 15
to 28 Years | |||||||||||||||||||
Shopko | Escanaba, MI | (d) | 3,030 | 3,321 | — | — | 3,030 | 3,321 | 6,351 | (2,008 | ) | 1971 | 05/31/06 | 15
to 28 Years | |||||||||||||||||||
Shopko | Union Gap, WA | (d) | 481 | 4,079 | — | — | 481 | 4,079 | 4,560 | (2,447 | ) | 1991 | 05/31/06 | 15
to 29 Years | |||||||||||||||||||
Shopko | Jacksonville, IL | (d) | 3,603 | 3,569 | — | — | 3,603 | 3,569 | 7,172 | (2,153 | ) | 1996 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | River Falls, WI | (d) | 1,787 | 4,283 | — | — | 1,787 | 4,283 | 6,070 | (1,920 | ) | 1994 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Dixon, IL | (d) | 1,502 | 2,810 | — | — | 1,502 | 2,810 | 4,312 | (1,327 | ) | 1993 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Belvidere, IL | (d) | 3,061 | 3,609 | — | — | 3,061 | 3,609 | 6,670 | (1,729 | ) | 1995 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Freeport, IL | (d) | 1,941 | 2,431 | — | — | 1,941 | 2,431 | 4,372 | (1,317 | ) | 1994 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Helena, MT | (d) | 3,176 | 5,583 | (724 | ) | — | 2,452 | 5,583 | 8,035 | (2,381 | ) | 1992 | 05/31/06 | 15
to 30 Years | ||||||||||||||||||
Shopko | Sheboygan, WI | (d) | 2,973 | 4,340 | — | — | 2,973 | 4,340 | 7,313 | (2,167 | ) | 1993 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Monroe, WI | (d) | 1,526 | 4,027 | — | — | 1,526 | 4,027 | 5,553 | (1,783 | ) | 1994 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Duluth, MN | (d) | 4,722 | 6,955 | — | — | 4,722 | 6,955 | 11,677 | (2,972 | ) | 1993 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Onalaska, WI | (d) | 2,468 | 4,392 | — | — | 2,468 | 4,392 | 6,860 | (1,947 | ) | 1989 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Logan, UT | (d) | 454 | 3,453 | — | — | 454 | 3,453 | 3,907 | (2,130 | ) | 1989 | 05/31/06 | 15
to 20 Years | |||||||||||||||||||
Shopko | Sioux Falls, SD | (d) | 4,907 | 4,023 | — | — | 4,907 | 4,023 | 8,930 | (2,492 | ) | 1987 | 05/31/06 | 15
to 28 Years | |||||||||||||||||||
Shopko | Grafton, WI | (d) | 2,952 | 4,206 | — | — | 2,952 | 4,206 | 7,158 | (1,977 | ) | 1989 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Watertown, SD | (d) | 3,064 | 3,519 | — | — | 3,064 | 3,519 | 6,583 | (1,596 | ) | 1985 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Albert Lea, MN | (d) | 2,526 | 3,141 | — | — | 2,526 | 3,141 | 5,667 | (1,993 | ) | 1985 | 05/31/06 | 15
to 25 Years | |||||||||||||||||||
Shopko | Stevens Point, WI | (d) | 1,383 | 5,401 | — | — | 1,383 | 5,401 | 6,784 | (2,881 | ) | 1985 | 05/31/06 | 15
to 25 Years | |||||||||||||||||||
Shopko | Fond du Lac, WI | (d) | 4,110 | 5,210 | — | — | 4,110 | 5,210 | 9,320 | (2,186 | ) | 1985 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Mason City, IA | (d) | 2,186 | 3,888 | — | — | 2,186 | 3,888 | 6,074 | (2,340 | ) | 1985 | 05/31/06 | 15
to 28 Years | |||||||||||||||||||
Shopko | Oshkosh, WI | (d) | 3,594 | 4,384 | — | — | 3,594 | 4,384 | 7,978 | (1,934 | ) | 1984 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Kenosha, WI | (d) | 3,079 | 4,259 | — | — | 3,079 | 4,259 | 7,338 | (2,676 | ) | 1980 | 05/31/06 | 15
to 25 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Shopko | Norfolk,
NE | (d) | 2,701 | 2,912 | — | — | 2,701 | 2,912 | 5,613 | (1,617 | ) | 1984 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Kimberly, WI | (d) | 3,550 | 4,749 | — | — | 3,550 | 4,749 | 8,299 | (2,755 | ) | 1979 | 05/31/06 | 15
to 28 Years | |||||||||||||||||||
Shopko | Lake Hallie, WI | (d) | 2,627 | 3,965 | — | — | 2,627 | 3,965 | 6,592 | (2,125 | ) | 1982 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Janesville, WI | (d) | 3,166 | 4,808 | — | — | 3,166 | 4,808 | 7,974 | (2,862 | ) | 1980 | 05/31/06 | 15
to 28 Years | |||||||||||||||||||
Shopko | Marshall, MN | (d) | 4,152 | 2,872 | — | — | 4,152 | 2,872 | 7,024 | (1,943 | ) | 1972 | 05/31/06 | 15
to 28 Years | |||||||||||||||||||
Shopko | Racine, WI | (d) | 3,076 | 5,305 | — | — | 3,076 | 5,305 | 8,381 | (3,001 | ) | 1979 | 05/31/06 | 15
to 25 Years | |||||||||||||||||||
Shopko | Mitchell, SD | (d) | 3,918 | 3,126 | — | — | 3,918 | 3,126 | 7,044 | (1,961 | ) | 1973 | 05/31/06 | 15
to 28 Years | |||||||||||||||||||
Shopko | St. Cloud, MN | (d) | 5,033 | 6,589 | — | — | 5,033 | 6,589 | 11,622 | (2,863 | ) | 1991 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Beloit, WI | (d) | 3,191 | 4,414 | — | — | 3,191 | 4,414 | 7,605 | (2,782 | ) | 1978 | 05/31/06 | 15
to 25 Years | |||||||||||||||||||
Shopko | Watertown, WI | (d) | 3,124 | 4,436 | — | — | 3,124 | 4,436 | 7,560 | (2,646 | ) | 1972 | 05/31/06 | 15
to 25 Years | |||||||||||||||||||
Shopko | Marshfield, WI | (d) | 3,272 | 4,406 | — | — | 3,272 | 4,406 | 7,678 | (2,561 | ) | 1968 | 05/31/06 | 15
to 28 Years | |||||||||||||||||||
Shopko | Hutchinson, MN | (d) | 2,793 | 4,108 | — | — | 2,793 | 4,108 | 6,901 | (1,847 | ) | 1991 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Appleton, WI | (d) | 4,898 | 5,804 | — | — | 4,898 | 5,804 | 10,702 | (2,432 | ) | 1971 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Rothschild, WI | (d) | 2,685 | 4,231 | — | — | 2,685 | 4,231 | 6,916 | (2,607 | ) | 1977 | 05/31/06 | 15
to 29 Years | |||||||||||||||||||
Shopko | Green Bay, WI | (d) | 6,155 | 6,298 | — | — | 6,155 | 6,298 | 12,453 | (2,640 | ) | 1979 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | Wisconsin Rapids, WI | (d) | 3,689 | 4,806 | — | — | 3,689 | 4,806 | 8,495 | (2,845 | ) | 1969 | 05/31/06 | 15
to 28 Years | |||||||||||||||||||
Shopko | De Pere, WI | (d) | 264 | 1,681 | — | — | 264 | 1,681 | 1,945 | (665 | ) | 2000 | 05/31/06 | 15
to 30 Years | |||||||||||||||||||
Shopko | La Crosse, WI | (d) | 2,896 | 3,810 | — | — | 2,896 | 3,810 | 6,706 | (2,315 | ) | 1978 | 05/31/06 | 15
to 25 Years | |||||||||||||||||||
Shopko | Monmouth, IL | (d) | 2,037 | 1,166 | — | — | 2,037 | 1,166 | 3,203 | (1,003 | ) | 1971 | 05/31/06 | 15
to 25 Years | |||||||||||||||||||
Shopko | Green Bay, WI | (d) | 8,698 | 12,160 | — | — | 8,698 | 12,160 | 20,858 | (6,782 | ) | 2000 | 05/31/06 | 15
to 28 Years | |||||||||||||||||||
Shopko | Quincy, IL | (d) | 3,510 | 4,916 | — | — | 3,510 | 4,916 | 8,426 | (2,954 | ) | 1986 | 05/31/06 | 15
to 28 Years | |||||||||||||||||||
Shopko | Green Bay, WI | (d) | 4,788 | 4,605 | — | — | 4,788 | 4,605 | 9,393 | (2,834 | ) | 1966 | 05/31/06 | 15
to 28 Years | |||||||||||||||||||
Shopko | Gothenburg, NE | (a) | 391 | 1,798 | — | — | 391 | 1,798 | 2,189 | (490 | ) | 2007 | 12/08/09 | 12
to 47 Years | |||||||||||||||||||
Shopko | Thermopolis, WY | (a) | 589 | 1,601 | — | — | 589 | 1,601 | 2,190 | (446 | ) | 2007 | 12/08/09 | 12
to 47 Years | |||||||||||||||||||
Shopko | Ainsworth, NE | (a) | 361 | 1,829 | — | — | 361 | 1,829 | 2,190 | (497 | ) | 2007 | 12/08/09 | 12
to 47 Years | |||||||||||||||||||
Shopko | O'Neill, NE | (a) | 400 | 1,752 | — | — | 400 | 1,752 | 2,152 | (530 | ) | 1972 | 12/08/09 | 12
to 47 Years | |||||||||||||||||||
Shopko | Carrollton, MO | (d) | 352 | 345 | — | — | 352 | 345 | 697 | (289 | ) | 1994 | 07/21/11 | 9
to 20 Years | |||||||||||||||||||
Skyline Chili | Fairborn, OH | (a) | 923 | 468 | — | — | 923 | 468 | 1,391 | (297 | ) | 1998 | 06/25/04 | 15
to 30 Years | |||||||||||||||||||
Skyline Chili | Lewis Center, OH | (a) | 626 | 560 | — | — | 626 | 560 | 1,186 | (303 | ) | 1998 | 06/25/04 | 15
to 30 Years | |||||||||||||||||||
Slim Chickens | Texarkana, TX | (a) | 265 | 747 | — | — | 265 | 747 | 1,012 | (134 | ) | 2013 | 11/04/13 | 14
to 30 Years | |||||||||||||||||||
Slim Chickens | Fayetteville, AR | (a) | 1,019 | 1,150 | — | — | 1,019 | 1,150 | 2,169 | (167 | ) | 2014 | 06/23/14 | 15
to 40 Years | |||||||||||||||||||
Slim Chickens | Stillwater, OK | (d) | 1,314 | 1,111 | — | — | 1,314 | 1,111 | 2,425 | (133 | ) | 2015 | 03/31/15 | 15
to 40 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Smart
& Final | Westlake Village, CA | (d) | 6,449 | 6,129 | — | — | 6,449 | 6,129 | 12,578 | (651 | ) | 1998 | 04/20/15 | 15
to 30 Years |
Smart & Final | Palmdale, CA | (d) | 3,849 | 9,803 | — | — | 3,849 | 9,803 | 13,652 | (894 | ) | 2005 | 03/23/15 | 15
to 40 Years | |||||||||||||||||||
Smart & Final | Chula Vista, CA | (d) | 3,801 | 5,718 | — | — | 3,801 | 5,718 | 9,519 | (636 | ) | 1986 | 03/20/15 | 15
to 30 Years | |||||||||||||||||||
Smart & Final | El Cajon, CA | (d) | 7,323 | 10,056 | — | — | 7,323 | 10,056 | 17,379 | (1,180 | ) | 1997 | 03/16/15 | 15
to 30 Years | |||||||||||||||||||
Smart & Final | Atascadero, CA | (d) | 3,677 | 8,920 | — | — | 3,677 | 8,920 | 12,597 | (1,007 | ) | 2000 | 04/06/15 | 15
to 30 Years | |||||||||||||||||||
Smokey Bones | Pittsburgh, PA | (b) | 1,481 | 676 | — | — | 1,481 | 676 | 2,157 | (394 | ) | 2006 | 12/31/07 | 15
to 40 Years | |||||||||||||||||||
Smokey Bones | Clearwater, FL | (b) | 2,226 | 858 | — | — | 2,226 | 858 | 3,084 | (418 | ) | 2004 | 12/31/07 | 15
to 40 Years | |||||||||||||||||||
Smokey Bones | Greensboro, NC | (b) | 1,009 | 444 | — | — | 1,009 | 444 | 1,453 | (338 | ) | 2003 | 12/31/07 | 15
to 40 Years | |||||||||||||||||||
Smokey Bones | Bowie, MD | (b) | 1,501 | 615 | — | — | 1,501 | 615 | 2,116 | (334 | ) | 2004 | 12/31/07 | 15
to 40 Years | |||||||||||||||||||
Smokey Bones | Fort Wayne, IN | (b) | 1,110 | 817 | — | — | 1,110 | 817 | 1,927 | (480 | ) | 2003 | 12/31/07 | 15
to 40 Years | |||||||||||||||||||
Smokey Bones | Mentor, OH | (b) | 873 | 790 | — | — | 873 | 790 | 1,663 | (428 | ) | 2003 | 12/31/07 | 15
to 40 Years | |||||||||||||||||||
Smokey Bones | Melbourne, FL | (b) | 2,005 | 794 | — | — | 2,005 | 794 | 2,799 | (476 | ) | 1986 | 12/31/07 | 15
to 40 Years | |||||||||||||||||||
Smokey Bones | Fairview Heights, IL | (b) | 1,020 | 826 | — | — | 1,020 | 826 | 1,846 | (523 | ) | 1972 | 12/31/07 | 15
to 30 Years | |||||||||||||||||||
Smokey Bones | Dayton, OH | (b) | 1,026 | 907 | — | — | 1,026 | 907 | 1,933 | (478 | ) | 2002 | 12/31/07 | 15
to 40 Years | |||||||||||||||||||
Smokey Bones | Warwick, RI | (b) | 1,593 | 1,314 | — | — | 1,593 | 1,314 | 2,907 | (602 | ) | 1990 | 12/31/07 | 15
to 40 Years | |||||||||||||||||||
Smokey Bones | Springfield, IL | (b) | 1,115 | 772 | — | — | 1,115 | 772 | 1,887 | (404 | ) | 1996 | 12/31/07 | 15
to 40 Years | |||||||||||||||||||
Smokey Bones | Orlando, FL | (b) | 2,006 | 571 | — | — | 2,006 | 571 | 2,577 | (330 | ) | 2002 | 12/31/07 | 15
to 40 Years | |||||||||||||||||||
Smokey Bones | Colonie, NY | (b) | 1,322 | 991 | (350 | ) | (261 | ) | 972 | 730 | 1,702 | (445 | ) | 1994 | 12/31/07 | 15
to 40 Years | |||||||||||||||||
Solea Mexican Grill | Appleton, WI | (a) | 727 | 1,329 | — | 9 | 727 | 1,338 | 2,065 | (677 | ) | 1993 | 12/29/06 | 7
to 30 Years | |||||||||||||||||||
Sonic | Pilot Point, TX | (d) | 446 | 436 | — | — | 446 | 436 | 882 | (51 | ) | 2000 | 07/25/16 | 13
to 30 Years | |||||||||||||||||||
Sonic | Little Elm, TX | (d) | 620 | 244 | — | — | 620 | 244 | 864 | (45 | ) | 2001 | 07/25/16 | 13
to 20 Years | |||||||||||||||||||
Sonic | Celina, TX | (d) | 411 | 199 | — | — | 411 | 199 | 610 | (38 | ) | 2003 | 07/25/16 | 13
to 20 Years | |||||||||||||||||||
Sonic | St.Paul, TX | (d) | 509 | 192 | — | — | 509 | 192 | 701 | (42 | ) | 2003 | 07/25/16 | 13
to 20 Years | |||||||||||||||||||
Sonic | Lavon, TX | (d) | 404 | 212 | — | — | 404 | 212 | 616 | (41 | ) | 2003 | 07/25/16 | 13
to 20 Years | |||||||||||||||||||
Sonic | Melissa, TX | (d) | 715 | 609 | — | — | 715 | 609 | 1,324 | (64 | ) | 2004 | 07/25/16 | 13
to 30 Years | |||||||||||||||||||
Sonic | Prosper, TX | (d) | 990 | 435 | — | — | 990 | 435 | 1,425 | (58 | ) | 2004 | 07/25/16 | 13
to 30 Years | |||||||||||||||||||
Sonic | Gunter, TX | (d) | 248 | 250 | — | — | 248 | 250 | 498 | (34 | ) | 2004 | 07/25/16 | 13
to 20 Years | |||||||||||||||||||
Sonic | Leonard, TX | (d) | 323 | 465 | — | — | 323 | 465 | 788 | (48 | ) | 2005 | 07/25/16 | 13
to 30 Years | |||||||||||||||||||
Sonic | Keene, TX | (d) | 343 | 260 | — | — | 343 | 260 | 603 | (36 | ) | 2005 | 07/25/16 | 13
to 30 Years | |||||||||||||||||||
Sonic Drive-In | Knoxville, TN | (a) | 635 | 227 | — | — | 635 | 227 | 862 | (316 | ) | 1995 | 07/01/05 | 15
to 20 Years | |||||||||||||||||||
Sonic Drive-In | Radford, VA | (a) | 499 | 248 | — | — | 499 | 248 | 747 | (384 | ) | 1995 | 07/01/05 | 15
to 20 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Sonic
Drive-In | Christiansburg, VA | (a) | 666 | 168 | — | — | 666 | 168 | 834 | (308 | ) | 1994 | 07/01/05 | 15
to 20 Years | |||||||||||||||||||
Sonic Drive-In | Pulaski, VA | (a) | 444 | 236 | — | — | 444 | 236 | 680 | (326 | ) | 1994 | 07/01/05 | 15
to 20 Years | |||||||||||||||||||
Sonic Drive-In | Wytheville, VA | (a) | 446 | 172 | — | — | 446 | 172 | 618 | (233 | ) | 1995 | 07/01/05 | 15
to 20 Years | |||||||||||||||||||
Sonic Drive-In | Maryville, TN | (a) | 810 | 306 | — | — | 810 | 306 | 1,116 | (298 | ) | 1993 | 07/01/05 | 15
to 20 Years | |||||||||||||||||||
Sonic Drive-In | Kingsport, TN | (a) | 592 | 200 | — | — | 592 | 200 | 792 | (358 | ) | 1992 | 07/01/05 | 15
to 20 Years | |||||||||||||||||||
Sonic Drive-In | Knoxville, TN | (a) | 547 | 230 | — | — | 547 | 230 | 777 | (387 | ) | 1987 | 07/01/05 | 10
to 15 Years | |||||||||||||||||||
Sonic Drive-In | Bristol, TN | (a) | 484 | 134 | — | — | 484 | 134 | 618 | (247 | ) | 1991 | 07/01/05 | 15
to 20 Years | |||||||||||||||||||
Sonic Drive-In | Elizabethton, TN | (a) | 655 | 129 | — | — | 655 | 129 | 784 | (250 | ) | 1993 | 07/01/05 | 15
to 20 Years | |||||||||||||||||||
Sonic Drive-In | Raleigh, NC | (b) | 639 | 320 | — | — | 639 | 320 | 959 | (101 | ) | 2008 | 09/17/13 | 15
to 30 Years | |||||||||||||||||||
Sonic Drive-In | Concord, NC | (b) | 244 | 310 | — | — | 244 | 310 | 554 | (60 | ) | 1993 | 09/17/13 | 15
to 30 Years | |||||||||||||||||||
Sonic Drive-In | Rolesville, NC | (b) | 526 | 320 | — | — | 526 | 320 | 846 | (96 | ) | 2007 | 09/17/13 | 15
to 30 Years | |||||||||||||||||||
Sonic Drive-In | Albermarle, NC | (b) | 639 | 310 | — | — | 639 | 310 | 949 | (65 | ) | 1993 | 09/17/13 | 15
to 30 Years | |||||||||||||||||||
Sonic Drive-In | Salisbury, NC | (b) | 357 | 338 | — | — | 357 | 338 | 695 | (77 | ) | 2002 | 09/17/13 | 15
to 30 Years | |||||||||||||||||||
Sonic Drive-In | Rockwell, NC | (b) | 385 | 385 | — | — | 385 | 385 | 770 | (116 | ) | 2006 | 09/17/13 | 15
to 30 Years | |||||||||||||||||||
Sonic Drive-In | South Hill, VA | (b) | 564 | 320 | — | — | 564 | 320 | 884 | (107 | ) | 2007 | 09/17/13 | 15
to 30 Years | |||||||||||||||||||
Sonic Drive-In | Zebulon, NC | (b) | 780 | 395 | — | — | 780 | 395 | 1,175 | (120 | ) | 2006 | 09/17/13 | 15
to 30 Years | |||||||||||||||||||
Sonic Drive-In | Siler City, NC | (b) | 686 | 385 | — | — | 686 | 385 | 1,071 | (129 | ) | 2005 | 09/17/13 | 15
to 30 Years | |||||||||||||||||||
Sonic Drive-In | Creedmoor, NC | (b) | 451 | 367 | — | — | 451 | 367 | 818 | (105 | ) | 2006 | 09/17/13 | 15
to 30 Years | |||||||||||||||||||
Sonic Drive-In | Kannapolis, NC | (b) | 244 | 291 | — | — | 244 | 291 | 535 | (71 | ) | 2001 | 09/17/13 | 15
to 30 Years | |||||||||||||||||||
Sonic Drive-In | Harrisburg, NC | (b) | 489 | 291 | — | — | 489 | 291 | 780 | (79 | ) | 2004 | 09/17/13 | 15
to 30 Years | |||||||||||||||||||
Sonic Drive-In | Concord, NC | (b) | 855 | 348 | — | — | 855 | 348 | 1,203 | (87 | ) | 2004 | 09/17/13 | 15
to 30 Years | |||||||||||||||||||
Sonic Drive-In | Aberdeen, NC | (b) | 564 | 338 | — | — | 564 | 338 | 902 | (67 | ) | 1994 | 09/17/13 | 15
to 30 Years | |||||||||||||||||||
Sonic Drive-In | Flowood, MS | (a) | 338 | 848 | — | — | 338 | 848 | 1,186 | (119 | ) | 1994 | 07/31/14 | 15
to 30 Years | |||||||||||||||||||
Sonic Drive-In | Hattiesburg, MS | (a) | 845 | 995 | — | — | 845 | 995 | 1,840 | (151 | ) | 2010 | 07/14/14 | 15
to 40 Years | |||||||||||||||||||
Sonic Drive-In | D'Iberville, MS | (a) | 597 | 995 | — | — | 597 | 995 | 1,592 | (150 | ) | 2005 | 07/14/14 | 15
to 30 Years | |||||||||||||||||||
Sonic Drive-In | Laurel, MS | (a) | 543 | 754 | — | — | 543 | 754 | 1,297 | (127 | ) | 1993 | 09/22/14 | 15
to 30 Years | |||||||||||||||||||
Sonic Drive-In | Bay Minette, AL | (a) | 583 | 754 | — | — | 583 | 754 | 1,337 | (130 | ) | 2000 | 09/22/14 | 15
to 30 Years | |||||||||||||||||||
Sonic Drive-In | Beaumont, TX | (d) | 580 | 284 | — | — | 580 | 284 | 864 | (79 | ) | 2001 | 08/31/15 | 15
to 20 Years | |||||||||||||||||||
Sonic Drive-In | Port Arthur, TX | (d) | 187 | 256 | — | — | 187 | 256 | 443 | (48 | ) | 1976 | 08/31/15 | 15
to 20 Years | |||||||||||||||||||
Sonic Drive-In | Port Arthur, TX | (d) | 384 | 266 | — | — | 384 | 266 | 650 | (72 | ) | 2002 | 08/31/15 | 15
to 20 Years | |||||||||||||||||||
Sonic Drive-In | Beaumont, TX | (d) | 777 | 246 | — | — | 777 | 246 | 1,023 | (81 | ) | 2000 | 08/31/15 | 15
to 20 Years | |||||||||||||||||||
Sonic Drive-In | Port Arthur, TX | (d) | 403 | 344 | — | — | 403 | 344 | 747 | (80 | ) | 2004 | 08/31/15 | 15
to 20 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Sonic
Drive-In | Beaumont, TX | (d) | 758 | 325 | — | — | 758 | 325 | 1,083 | (85 | ) | 2007 | 08/31/15 | 15
to 30 Years | |||||||||||||||||||
Sonic Drive-In | Orange, TX | (d) | 541 | 335 | — | — | 541 | 335 | 876 | (75 | ) | 2007 | 08/31/15 | 15
to 30 Years | |||||||||||||||||||
Sonny's BBQ | Gainesville, FL | (d) | 1,489 | 1,241 | — | 104 | 1,489 | 1,345 | 2,834 | (53 | ) | 2000 | 12/28/16 | 6
to 40 Years | |||||||||||||||||||
Sonny's BBQ | Gainesville, FL | (d) | 1,534 | 883 | — | — | 1,534 | 883 | 2,417 | (44 | ) | 1984 | 12/28/16 | 6
to 30 Years | |||||||||||||||||||
Sonny's BBQ | Orlando, FL | (d) | 1,351 | 1,404 | — | — | 1,351 | 1,404 | 2,755 | (47 | ) | 2002 | 12/28/16 | 8
to 40 Years | |||||||||||||||||||
Sonny's BBQ | Orlando, FL | (d) | 1,484 | 1,415 | — | — | 1,484 | 1,415 | 2,899 | (55 | ) | 1998 | 12/28/16 | 6
to 40 Years | |||||||||||||||||||
Sonny's BBQ | Orlando, FL | (d) | 1,319 | 1,424 | — | — | 1,319 | 1,424 | 2,743 | (48 | ) | 1997 | 12/28/16 | 7
to 40 Years | |||||||||||||||||||
Sonny's BBQ | Oviedo, FL | (d) | 1,499 | 1,449 | — | — | 1,499 | 1,449 | 2,948 | (56 | ) | 2006 | 12/28/16 | 7
to 40 Years | |||||||||||||||||||
Sonny's BBQ | Sanford, FL | (d) | 1,405 | 1,191 | — | — | 1,405 | 1,191 | 2,596 | (57 | ) | 1987 | 12/28/16 | 6
to 30 Years | |||||||||||||||||||
Sonny's BBQ | Inverness, FL | (d) | 584 | 503 | — | 1 | 584 | 504 | 1,088 | (18 | ) | 1998 | 06/09/17 | 10
to 30 Years | |||||||||||||||||||
South Carolina Oncology Associates | Columbia, SC | (d) | 3,378 | 35,153 | — | — | 3,378 | 35,153 | 38,531 | (3,707 | ) | 2003 | 12/31/13 | 15
to 40 Years | |||||||||||||||||||
Southern Theatres | Mooresville, NC | (d) | 5,087 | 6,800 | — | — | 5,087 | 6,800 | 11,887 | (920 | ) | 1999 | 09/25/14 | 15
to 30 Years | |||||||||||||||||||
Southern Theatres | Anderson, SC | (d) | 5,248 | 6,437 | — | — | 5,248 | 6,437 | 11,685 | (1,136 | ) | 2000 | 09/25/14 | 15
to 30 Years | |||||||||||||||||||
Southwest Stainless | Lakeland, FL | (a) | 1,098 | 1,281 | — | — | 1,098 | 1,281 | 2,379 | (969 | ) | 1984 | 07/01/05 | 14
to 20 Years | |||||||||||||||||||
Specialists in Urology (21st Century Oncology Holdings, Inc.) | Bonita Springs, FL | (b) | 317 | 1,619 | — | — | 317 | 1,619 | 1,936 | (267 | ) | 2003 | 08/30/12 | 15
to 50 Years | |||||||||||||||||||
Specialists in Urology (21st Century Oncology Holdings, Inc.) | Cape Coral, FL | (b) | 545 | 1,716 | — | — | 545 | 1,716 | 2,261 | (337 | ) | 2011 | 08/30/12 | 15
to 50 Years | |||||||||||||||||||
Specialists in Urology (21st Century Oncology Holdings, Inc.) | Fort Myers, FL | (b) | 903 | 6,445 | — | — | 903 | 6,445 | 7,348 | (986 | ) | 1989 | 08/30/12 | 15
to 50 Years | |||||||||||||||||||
Specialists in Urology (21st Century Oncology Holdings, Inc.) | Naples, FL | (b) | 1,351 | 5,368 | — | — | 1,351 | 5,368 | 6,719 | (818 | ) | 2002 | 08/30/12 | 15
to 50 Years | |||||||||||||||||||
Specialists in Urology (21st Century Oncology Holdings, Inc.) | Naples, FL | (b) | 1,829 | 4,522 | — | — | 1,829 | 4,522 | 6,351 | (825 | ) | 1978 | 08/30/12 | 15
to 40 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Specialists
in Urology (21st Century Oncology Holdings, Inc.) | Bonita Springs, FL | (b) | 738 | 4,022 | — | — | 738 | 4,022 | 4,760 | (642 | ) | 2006 | 08/30/12 | 15
to 50 Years | |||||||||||||||||||
Specialists in Urology (21st Century Oncology Holdings, Inc.) | Bonita Springs, FL | (b) | 376 | 940 | — | — | 376 | 940 | 1,316 | (182 | ) | 2006 | 08/30/12 | 15
to 50 Years | |||||||||||||||||||
Specialists in Urology (21st Century Oncology Holdings, Inc.) | Naples, FL | (b) | 1,057 | 3,845 | — | — | 1,057 | 3,845 | 4,902 | (608 | ) | 2012 | 10/31/12 | 15
to 50 Years | |||||||||||||||||||
Specialists in Urology (Northwest Cancer Care Management Co, LLC) | Kennewick, WA | (d) | 353 | 4,248 | — | — | 353 | 4,248 | 4,601 | (238 | ) | 2011 | 03/31/16 | 13
to 40 Years | |||||||||||||||||||
Sportsman's Warehouse | Thornton, CO | (d) | 2,836 | 5,069 | — | — | 2,836 | 5,069 | 7,905 | (1,174 | ) | 2003 | 10/15/12 | 15
to 30 Years | |||||||||||||||||||
Sportsman's Warehouse | Ankeny, IA | (d) | 3,913 | 3,671 | — | — | 3,913 | 3,671 | 7,584 | (905 | ) | 2003 | 10/15/12 | 15
to 30 Years | |||||||||||||||||||
Sportsman's Warehouse | Midvale, UT | (d) | 2,931 | 4,844 | — | — | 2,931 | 4,844 | 7,775 | (1,042 | ) | 2002 | 10/15/12 | 15
to 30 Years | |||||||||||||||||||
Sportsman's Warehouse | Mesa, AZ | (d) | 2,040 | 5,696 | — | — | 2,040 | 5,696 | 7,736 | (1,192 | ) | 2005 | 10/15/12 | 15
to 30 Years | |||||||||||||||||||
Sportsman's Warehouse | Phoenix, AZ | (d) | 2,098 | 5,338 | — | — | 2,098 | 5,338 | 7,436 | (1,139 | ) | 2003 | 10/15/12 | 15
to 30 Years | |||||||||||||||||||
Sportsman's Warehouse | Loveland, CO | (d) | 2,329 | 4,750 | — | — | 2,329 | 4,750 | 7,079 | (990 | ) | 2001 | 10/15/12 | 15
to 30 Years | |||||||||||||||||||
Sportsman's Warehouse | Bend, OR | (b) | 1,516 | 4,850 | — | — | 1,516 | 4,850 | 6,366 | (626 | ) | 2000 | 08/15/13 | 10
to 50 Years | |||||||||||||||||||
Sportsman's Warehouse | Soldotna, AK | (a) | 1,177 | 2,245 | — | — | 1,177 | 2,245 | 3,422 | (251 | ) | 1983 | 05/22/14 | 15
to 40 Years | |||||||||||||||||||
Sportsman's Warehouse | Williston, ND | (d) | 2,190 | 4,132 | — | — | 2,190 | 4,132 | 6,322 | (292 | ) | 2015 | 08/24/15 | 15
to 50 Years | |||||||||||||||||||
Sportsman's Warehouse | Colorado Springs, CO | (d) | 2,568 | 4,842 | — | — | 2,568 | 4,842 | 7,410 | (293 | ) | 2005 | 08/31/16 | 10
to 40 Years | |||||||||||||||||||
Spring East Buffet | Leeds, AL | (a) | 907 | 926 | — | 31 | 907 | 957 | 1,864 | (791 | ) | 2003 | 09/26/06 | 9
to 40 Years | |||||||||||||||||||
SRS Distribution | Port Richey, FL | (a) | 741 | 660 | — | — | 741 | 660 | 1,401 | (766 | ) | 1975 | 07/01/05 | 10
to 15 Years | |||||||||||||||||||
Staples | Crossville, TN | (d) | 668 | 2,705 | — | — | 668 | 2,705 | 3,373 | (372 | ) | 2001 | 07/17/13 | 3
to 46 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Staples | Peru,
IL | (d) | 963 | 2,033 | — | — | 963 | 2,033 | 2,996 | (377 | ) | 1998 | 07/17/13 | 1
to 35 Years | |||||||||||||||||||
Staples | Clarksville, IN | (d) | 991 | 3,161 | — | — | 991 | 3,161 | 4,152 | (389 | ) | 2006 | 07/17/13 | 3
to 48 Years | |||||||||||||||||||
Staples | Greenville, SC | (d) | 742 | 3,026 | — | — | 742 | 3,026 | 3,768 | (345 | ) | 2006 | 07/17/13 | 3
to 48 Years |
Staples | Warsaw, IN | (d) | 590 | 2,504 | — | — | 590 | 2,504 | 3,094 | (362 | ) | 1998 | 07/17/13 | 0
to 44 Years | |||||||||||||||||||
Staples | Guntersville, AL | (d) | 1,039 | 2,535 | — | — | 1,039 | 2,535 | 3,574 | (345 | ) | 2001 | 07/17/13 | 2
to 46 Years | |||||||||||||||||||
Starbucks | Memphis, TN | (d) | 208 | 302 | — | — | 208 | 302 | 510 | (84 | ) | 2007 | 07/17/13 | 3
to 24 Years | |||||||||||||||||||
Starbucks | Bowling Green, KY | (d) | 756 | 205 | — | — | 756 | 205 | 961 | (84 | ) | 2007 | 07/17/13 | 4
to 39 Years | |||||||||||||||||||
Starbucks | Ponca City, OK | (d) | 93 | 249 | — | — | 93 | 249 | 342 | (67 | ) | 2007 | 07/17/13 | 4
to 28 Years | |||||||||||||||||||
Starbucks | Stillwater, OK | (d) | 218 | 1,262 | — | — | 218 | 1,262 | 1,480 | (207 | ) | 2007 | 07/17/13 | 4
to 32 Years | |||||||||||||||||||
Starbucks | Powell, TN | (d) | 411 | 353 | — | — | 411 | 353 | 764 | (106 | ) | 2007 | 07/17/13 | 4
to 26 Years | |||||||||||||||||||
Starbucks | Chattanooga, TN | (d) | 175 | 271 | — | — | 175 | 271 | 446 | (75 | ) | 2007 | 07/17/13 | 3
to 26 Years | |||||||||||||||||||
Starbucks | Kingsport, TN | (d) | 307 | 766 | — | — | 307 | 766 | 1,073 | (146 | ) | 2007 | 07/17/13 | 4
to 32 Years | |||||||||||||||||||
Starbucks | Altus, OK | (a) | 103 | 237 | — | — | 103 | 237 | 340 | (64 | ) | 2007 | 07/17/13 | 4
to 28 Years | |||||||||||||||||||
Starbucks | Oklahoma City, OK | (a) | 541 | 842 | (398 | ) | (614 | ) | 143 | 228 | 371 | (72 | ) | 2007 | 07/17/13 | 4
to 33 Years | |||||||||||||||||
Stater Bros. Markets | Lancaster, CA | (d) | 1,569 | 4,271 | — | — | 1,569 | 4,271 | 5,840 | (748 | ) | 1983 | 12/17/13 | 5
to 30 Years | |||||||||||||||||||
Station Casinos | Las Vegas, NV | (a) | 3,225 | 30,483 | — | — | 3,225 | 30,483 | 33,708 | (3,238 | ) | 2007 | 07/17/13 | 13
to 55 Years | |||||||||||||||||||
Studio Movie Grill | Downey, CA | (d) | 1,767 | 12,172 | — | 1,850 | 1,767 | 14,022 | 15,789 | (956 | ) | 1997 | 09/30/15 | 15
to 30 Years | |||||||||||||||||||
Studio Movie Grill | Monrovia, CA | (d) | 2,448 | 17,849 | — | 1,850 | 2,448 | 19,699 | 22,147 | (1,360 | ) | 2000 | 09/30/15 | 15
to 30 Years | |||||||||||||||||||
Studio Movie Grill | Redlands, CA | (d) | 4,442 | 17,859 | — | 1,850 | 4,442 | 19,709 | 24,151 | (1,442 | ) | 1997 | 09/30/15 | 15
to 30 Years | |||||||||||||||||||
Studio Movie Grill | Marietta, GA | (d) | 2,930 | 7,616 | — | 67 | 2,930 | 7,683 | 10,613 | (140 | ) | 1987 | 03/15/17 | 10
to 40 Years | |||||||||||||||||||
Sunny Delight | Dayton, NJ | (d) | 12,701 | 10,723 | — | — | 12,701 | 10,723 | 23,424 | (774 | ) | 1975 | 10/27/16 | 7
to 30 Years | |||||||||||||||||||
Taco Bell | Red Bank, TN | (a) | 610 | 557 | — | — | 610 | 557 | 1,167 | (386 | ) | 1997 | 06/25/04 | 15
to 30 Years | |||||||||||||||||||
Taco Bell | Chattanooga, TN | (a) | 482 | 682 | — | — | 482 | 682 | 1,164 | (362 | ) | 1997 | 06/25/04 | 15
to 30 Years | |||||||||||||||||||
Taco Bell | Chattanooga, TN | (a) | 600 | 389 | — | — | 600 | 389 | 989 | (195 | ) | 1995 | 09/29/06 | 15
to 30 Years | |||||||||||||||||||
Taco Bell | Tipp City, OH | (a) | 789 | 332 | — | — | 789 | 332 | 1,121 | (278 | ) | 1991 | 12/29/06 | 15
to 20 Years | |||||||||||||||||||
Taco Bell | Bellefontaine, OH | (a) | 388 | 778 | (12 | ) | — | 376 | 778 | 1,154 | (480 | ) | 1989 | 12/29/06 | 15
to 20 Years | ||||||||||||||||||
Taco Bell | Sedalia, MO | (a) | 751 | 662 | — | — | 751 | 662 | 1,413 | (389 | ) | 1983 | 12/29/06 | 15
to 30 Years | |||||||||||||||||||
Taco Bell | Springfield, MO | (a) | 439 | 719 | — | — | 439 | 719 | 1,158 | (371 | ) | 2004 | 12/29/06 | 15
to 40 Years | |||||||||||||||||||
Taco Bell | Danville, IL | (a) | 619 | 672 | — | — | 619 | 672 | 1,291 | (386 | ) | 1995 | 12/29/06 | 15
to 30 Years | |||||||||||||||||||
Taco Bell | Boone, NC | (a) | 750 | 379 | — | — | 750 | 379 | 1,129 | (235 | ) | 2006 | 12/29/06 | 15
to 30 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Taco
Bell | Cleveland, TN | (a) | 501 | 459 | — | — | 501 | 459 | 960 | (204 | ) | 2004 | 12/29/06 | 15
to 40 Years | |||||||||||||||||||
Taco Bell | Mount Pleasant, MI | (a) | 657 | 854 | — | — | 657 | 854 | 1,511 | (379 | ) | 2010 | 02/13/09 | 13
to 38 Years | |||||||||||||||||||
Taco Bell | Dayton, OH | (a) | 526 | 598 | — | — | 526 | 598 | 1,124 | (398 | ) | 1982 | 12/08/09 | 12
to 17 Years | |||||||||||||||||||
Taco Bell | Greenville, TN | (b) | 735 | 517 | — | — | 735 | 517 | 1,252 | (132 | ) | 2010 | 03/29/13 | 15
to 30 Years | |||||||||||||||||||
Taco Bell | Moultrie, GA | (b) | 437 | 563 | — | — | 437 | 563 | 1,000 | (133 | ) | 2012 | 03/29/13 | 15
to 30 Years | |||||||||||||||||||
Taco Bell | Princeton, IN | (b) | 340 | 906 | — | — | 340 | 906 | 1,246 | (339 | ) | 1992 | 07/17/13 | 7
to 15 Years | |||||||||||||||||||
Taco Bell | Robinson, IL | (b) | 250 | 1,021 | — | — | 250 | 1,021 | 1,271 | (203 | ) | 1994 | 07/17/13 | 7
to 33 Years | |||||||||||||||||||
Taco Bell | Brazil, IN | (b) | 391 | 903 | — | — | 391 | 903 | 1,294 | (183 | ) | 1996 | 07/17/13 | 8
to 33 Years | |||||||||||||||||||
Taco Bell | Washington, IN | (b) | 272 | 949 | — | — | 272 | 949 | 1,221 | (195 | ) | 1995 | 07/17/13 | 8
to 33 Years | |||||||||||||||||||
Taco Bell | Henderson, KY | (b) | 656 | 1,058 | — | — | 656 | 1,058 | 1,714 | (175 | ) | 1992 | 07/17/13 | 7
to 35 Years | |||||||||||||||||||
Taco Bell | Martinsville, IN | (b) | 940 | 1,128 | — | — | 940 | 1,128 | 2,068 | (213 | ) | 1986 | 07/17/13 | 4
to 35 Years | |||||||||||||||||||
Taco Bell | Anderson, IN | (b) | 363 | 700 | — | — | 363 | 700 | 1,063 | (237 | ) | 1995 | 07/17/13 | 8
to 17 Years | |||||||||||||||||||
Taco Bell / KFC | Vincennes, IN | (b) | 389 | 1,425 | — | — | 389 | 1,425 | 1,814 | (268 | ) | 2000 | 07/17/13 | 8
to 30 Years | |||||||||||||||||||
Taco Bell / KFC | Spencer, IN | (b) | 136 | 1,040 | — | — | 136 | 1,040 | 1,176 | (241 | ) | 1999 | 07/17/13 | 8
to 22 Years | |||||||||||||||||||
Taco Bueno | Yukon, OK | (a) | 555 | 373 | — | — | 555 | 373 | 928 | (261 | ) | 2003 | 07/01/05 | 15
to 30 Years | |||||||||||||||||||
Taco Bueno | Cedar Hill, TX | (a) | 620 | 501 | — | — | 620 | 501 | 1,121 | (303 | ) | 2005 | 12/29/06 | 15
to 30 Years | |||||||||||||||||||
Taco Bueno | Mansfield, TX | (a) | 472 | 760 | — | — | 472 | 760 | 1,232 | (428 | ) | 1991 | 12/29/06 | 15
to 30 Years | |||||||||||||||||||
Taco Bueno | Hurst, TX | (d) | 505 | 66 | — | — | 505 | 66 | 571 | (18 | ) | 1978 | 06/30/16 | 5
to 10 Years | |||||||||||||||||||
Taco Bueno | Arlington, TX | (d) | 449 | 128 | — | — | 449 | 128 | 577 | (42 | ) | 1978 | 06/30/16 | 4
to 10 Years | |||||||||||||||||||
Taco Bueno | Fort Worth, TX | (d) | 331 | 450 | — | — | 331 | 450 | 781 | (44 | ) | 1977 | 06/30/16 | 5
to 20 Years | |||||||||||||||||||
Taco Bueno | Bedford, TX | (d) | 694 | 516 | — | — | 694 | 516 | 1,210 | (56 | ) | 1977 | 06/30/16 | 5
to 20 Years | |||||||||||||||||||
Taco Bueno | Tulsa, OK | (d) | 835 | 967 | — | — | 835 | 967 | 1,802 | (64 | ) | 1978 | 06/30/16 | 5
to 30 Years | |||||||||||||||||||
Taco Bueno | Fort Worth, TX | (d) | 377 | 193 | — | — | 377 | 193 | 570 | (48 | ) | 1978 | 06/30/16 | 4
to 10 Years | |||||||||||||||||||
Taco Bueno | Euless, TX | (d) | 674 | 277 | — | — | 674 | 277 | 951 | (43 | ) | 1979 | 06/30/16 | 5
to 20 Years | |||||||||||||||||||
Taco Bueno | Abilene, TX | (d) | 1,132 | 1,292 | — | — | 1,132 | 1,292 | 2,424 | (92 | ) | 1979 | 06/30/16 | 5
to 30 Years | |||||||||||||||||||
Taco Bueno | Arlington, TX | (d) | 540 | 1,205 | — | — | 540 | 1,205 | 1,745 | (77 | ) | 1981 | 06/30/16 | 5
to 30 Years | |||||||||||||||||||
Taco Bueno | Denton, TX | (d) | 693 | 884 | — | — | 693 | 884 | 1,577 | (67 | ) | 1995 | 06/30/16 | 5
to 30 Years | |||||||||||||||||||
Taco Bueno | Lake Worth, TX | (d) | 427 | 872 | — | — | 427 | 872 | 1,299 | (56 | ) | 1983 | 06/30/16 | 5
to 30 Years | |||||||||||||||||||
Taco Bueno | Tulsa, OK | (d) | 760 | 381 | — | — | 760 | 381 | 1,141 | (43 | ) | 1984 | 06/30/16 | 5
to 20 Years | |||||||||||||||||||
Taco Bueno | Garland, TX | (d) | 532 | 442 | — | — | 532 | 442 | 974 | (34 | ) | 1979 | 06/30/16 | 5
to 30 Years | |||||||||||||||||||
Taco Bueno | Grapevine, TX | (d) | 636 | 414 | — | — | 636 | 414 | 1,050 | (43 | ) | 1979 | 06/30/16 | 5
to 20 Years | |||||||||||||||||||
Taco Bueno | Muskogee, OK | (d) | 853 | 767 | — | — | 853 | 767 | 1,620 | (59 | ) | 1985 | 06/30/16 | 5
to 30 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Taco
Bueno | Oklahoma City, OK | (d) | 474 | 516 | — | — | 474 | 516 | 990 | (56 | ) | 1984 | 06/30/16 | 5
to 20 Years | |||||||||||||||||||
Taco Bueno | Fort Worth, TX | (d) | 335 | 257 | — | — | 335 | 257 | 592 | (35 | ) | 1985 | 06/30/16 | 5
to 20 Years | |||||||||||||||||||
Taco Bueno | Claremore, OK | (d) | 903 | 932 | — | — | 903 | 932 | 1,835 | (69 | ) | 1985 | 06/30/16 | 5
to 30 Years | |||||||||||||||||||
Taco Bueno | Oklahoma City, OK | (d) | 467 | 273 | — | — | 467 | 273 | 740 | (50 | ) | 1986 | 06/30/16 | 5
to 10 Years | |||||||||||||||||||
Taco Bueno | Broken Arrow, OK | (d) | 849 | 1,020 | — | — | 849 | 1,020 | 1,869 | (67 | ) | 1986 | 06/30/16 | 5
to 30 Years | |||||||||||||||||||
Taco Bueno | Dallas, TX | (d) | 526 | 203 | — | — | 526 | 203 | 729 | (41 | ) | 1987 | 06/30/16 | 5
to 10 Years | |||||||||||||||||||
Taco Bueno | Sapulpa, OK | (d) | 855 | 1,030 | — | — | 855 | 1,030 | 1,885 | (76 | ) | 1987 | 06/30/16 | 5
to 30 Years | |||||||||||||||||||
Taco Bueno | Abilene, TX | (d) | 510 | 818 | — | — | 510 | 818 | 1,328 | (60 | ) | 1977 | 06/30/16 | 5
to 30 Years | |||||||||||||||||||
Taco Bueno | Oklahoma City, OK | (d) | 375 | 605 | — | — | 375 | 605 | 980 | (42 | ) | 1986 | 06/30/16 | 5
to 30 Years | |||||||||||||||||||
Taco Bueno | Greenville, TX | (d) | 429 | 919 | — | — | 429 | 919 | 1,348 | (58 | ) | 1985 | 06/30/16 | 5
to 30 Years | |||||||||||||||||||
Taco Bueno | Irving, TX | (d) | 481 | 358 | — | — | 481 | 358 | 839 | (39 | ) | 1978 | 06/30/16 | 5
to 20 Years | |||||||||||||||||||
Taco Bueno | Haltom City, TX | (d) | 689 | 804 | — | — | 689 | 804 | 1,493 | (63 | ) | 1998 | 06/30/16 | 5
to 30 Years | |||||||||||||||||||
Taco Bueno | Grapevine, TX | (d) | 755 | 677 | — | — | 755 | 677 | 1,432 | (75 | ) | 1999 | 06/30/16 | 5
to 20 Years | |||||||||||||||||||
Taco Bueno | Fort Worth, TX | (d) | 681 | 928 | — | — | 681 | 928 | 1,609 | (71 | ) | 1999 | 06/30/16 | 5
to 30 Years | |||||||||||||||||||
Taco Bueno | Forest Hill, TX | (d) | 784 | 294 | — | — | 784 | 294 | 1,078 | (49 | ) | 1999 | 06/30/16 | 5
to 20 Years | |||||||||||||||||||
Taco Bueno | McKinney, TX | (d) | 1,289 | 467 | — | — | 1,289 | 467 | 1,756 | (68 | ) | 2000 | 06/30/16 | 5
to 20 Years | |||||||||||||||||||
Taco Bueno | Tulsa, OK | (d) | — | 20 | — | — | — | 20 | 20 | (3 | ) | 1982 | 06/30/16 | 10
to 10 Years | |||||||||||||||||||
Taco Bueno | Enid, OK | (d) | 40 | 55 | — | — | 40 | 55 | 95 | (28 | ) | 1985 | 06/30/16 | 3
to 10 Years | |||||||||||||||||||
Taco Bueno | Southlake, TX | (d) | 30 | 58 | — | — | 30 | 58 | 88 | (24 | ) | 1999 | 06/30/16 | 3
to 10 Years | |||||||||||||||||||
Ted's Cafe Escondido | Broken Arrow, OK | (a) | 1,636 | 1,620 | — | — | 1,636 | 1,620 | 3,256 | (279 | ) | 2006 | 07/21/14 | 14
to 30 Years | |||||||||||||||||||
Ted's Cafe Escondido | Tulsa, OK | (a) | 1,465 | 1,728 | — | — | 1,465 | 1,728 | 3,193 | (280 | ) | 2013 | 07/21/14 | 14
to 30 Years | |||||||||||||||||||
Terra Mulch Products | Hickory, NC | (d) | 1,356 | 5,406 | — | — | 1,356 | 5,406 | 6,762 | (683 | ) | 2006 | 05/11/15 | 10
to 30 Years | |||||||||||||||||||
Texas Corral | Shelbyville, IN | (d) | 549 | 752 | — | — | 549 | 752 | 1,301 | (287 | ) | 2006 | 12/21/07 | 15
to 50 Years | |||||||||||||||||||
Texas Roadhouse | Hiram, GA | (a) | 1,255 | 1,766 | — | — | 1,255 | 1,766 | 3,021 | (572 | ) | 2003 | 01/16/15 | 9
to 15 Years | |||||||||||||||||||
Texas Roadhouse | Marietta, GA | (a) | 1,221 | 1,533 | — | — | 1,221 | 1,533 | 2,754 | (491 | ) | 2003 | 01/16/15 | 9
to 15 Years | |||||||||||||||||||
Texas Roadhouse | Memphis, TN | (a) | 817 | 1,637 | — | — | 817 | 1,637 | 2,454 | (530 | ) | 2005 | 01/16/15 | 9
to 15 Years | |||||||||||||||||||
The Atlanta Center for Foot & Ankle Surgery | Sandy Springs, GA | (a) | 455 | 1,147 | — | — | 455 | 1,147 | 1,602 | (227 | ) | 1963 | 04/17/14 | 14
to 20 Years | |||||||||||||||||||
The Children's Courtyard | Frederick, CO | (d) | 334 | 2,146 | — | 37 | 334 | 2,183 | 2,517 | (57 | ) | 2003 | 03/31/17 | 15
to 30 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
The
Forge Bar and Grill | Lander, WY | (a) | 57 | 1,010 | — | — | 57 | 1,010 | 1,067 | (564 | ) | 1883 | 12/29/06 | 15
to 20 Years | |||||||||||||||||||
The Great Escape | Davenport, IA | (a) | 2,823 | 4,475 | — | — | 2,823 | 4,475 | 7,298 | (1,716 | ) | 2007 | 04/30/09 | 13
to 38 Years | |||||||||||||||||||
The Great Escape | Avon, OH | (a) | 1,550 | 2,750 | — | — | 1,550 | 2,750 | 4,300 | (993 | ) | 2007 | 04/30/09 | 13
to 38 Years | |||||||||||||||||||
The Great Escape | Peoria, IL | (a) | 2,497 | 4,401 | — | — | 2,497 | 4,401 | 6,898 | (1,631 | ) | 2004 | 04/30/09 | 13
to 38 Years | |||||||||||||||||||
The Great Escape | Loves Park, IL | (a) | 1,550 | 6,447 | — | — | 1,550 | 6,447 | 7,997 | (1,990 | ) | 2004 | 04/30/09 | 13
to 38 Years | |||||||||||||||||||
The Great Escape | Tinley Park, IL | (a) | 1,108 | 2,091 | — | — | 1,108 | 2,091 | 3,199 | (864 | ) | 1990 | 04/30/09 | 13
to 28 Years | |||||||||||||||||||
The Great Escape | Schaumburg, IL | (a) | 2,067 | 2,632 | — | — | 2,067 | 2,632 | 4,699 | (1,160 | ) | 2002 | 04/30/09 | 13
to 28 Years | |||||||||||||||||||
The Great Escape | Merrillville, IN | (a) | 1,323 | 3,975 | — | — | 1,323 | 3,975 | 5,298 | (1,737 | ) | 1986 | 04/30/09 | 13
to 28 Years | |||||||||||||||||||
The Great Escape | Mundelein, IL | (a) | 1,991 | 4,307 | — | — | 1,991 | 4,307 | 6,298 | (1,822 | ) | 2002 | 04/30/09 | 13
to 28 Years | |||||||||||||||||||
The Great Escape | Joliet, IL | (a) | 1,700 | 5,698 | — | — | 1,700 | 5,698 | 7,398 | (1,830 | ) | 2004 | 04/30/09 | 13
to 38 Years | |||||||||||||||||||
The Great Escape | Downers Grove, IL | (a) | 1,772 | 2,227 | — | — | 1,772 | 2,227 | 3,999 | (1,044 | ) | 1994 | 04/30/09 | 13
to 28 Years | |||||||||||||||||||
The Great Escape | Gurnee, IL | (a) | 767 | 1,633 | — | — | 767 | 1,633 | 2,400 | (774 | ) | 1999 | 04/30/09 | 13
to 28 Years | |||||||||||||||||||
The Great Escape | Batavia, IL | (a) | 1,858 | 3,441 | — | — | 1,858 | 3,441 | 5,299 | (1,487 | ) | 2001 | 04/30/09 | 13
to 28 Years |
The Great Escape | Aurora, IL | (a) | 1,979 | 4,111 | — | (1 | ) | 1,979 | 4,110 | 6,089 | (1,672 | ) | 1989 | 04/30/09 | 13
to 28 Years | ||||||||||||||||||
The Great Escape | Algonquin, IL | (a) | 4,171 | 5,613 | — | — | 4,171 | 5,613 | 9,784 | (1,943 | ) | 2007 | 04/30/09 | 13
to 38 Years | |||||||||||||||||||
Tire Warehouse | Portland, ME | (a) | 650 | 566 | — | — | 650 | 566 | 1,216 | (58 | ) | 1993 | 06/30/09 | 13
to 28 Years | |||||||||||||||||||
Touchstone Imaging | Waco, TX | (a) | 232 | 1,510 | — | — | 232 | 1,510 | 1,742 | (149 | ) | 1992 | 06/20/14 | 15
to 40 Years | |||||||||||||||||||
Tractor Supply | Parkersburg, WV | (d) | 966 | 1,843 | — | — | 966 | 1,843 | 2,809 | (412 | ) | 2005 | 07/17/13 | 7
to 37 Years | |||||||||||||||||||
Tractor Supply | Ankeny, IA | (d) | 687 | 2,162 | — | — | 687 | 2,162 | 2,849 | (373 | ) | 2006 | 07/17/13 | 8
to 43 Years | |||||||||||||||||||
Tractor Supply | Marinette, WI | (d) | 1,236 | 1,611 | — | — | 1,236 | 1,611 | 2,847 | (397 | ) | 2006 | 07/17/13 | 8
to 38 Years | |||||||||||||||||||
Tractor Supply | Paw Paw, MI | (d) | 1,517 | 1,619 | — | — | 1,517 | 1,619 | 3,136 | (471 | ) | 2006 | 07/17/13 | 8
to 33 Years | |||||||||||||||||||
Tractor Supply | Rockford, MN | (d) | 1,298 | 2,652 | — | — | 1,298 | 2,652 | 3,950 | (523 | ) | 2007 | 07/17/13 | 9
to 43 Years | |||||||||||||||||||
Tractor Supply | Navasota, TX | (d) | 1,013 | 1,772 | — | — | 1,013 | 1,772 | 2,785 | (431 | ) | 2006 | 07/17/13 | 8
to 41 Years | |||||||||||||||||||
Tractor Supply | Fredericksburg, TX | (d) | 1,194 | 1,636 | — | — | 1,194 | 1,636 | 2,830 | (388 | ) | 2007 | 07/17/13 | 8
to 42 Years | |||||||||||||||||||
Tractor Supply | Fairview, TN | (d) | 975 | 2,274 | — | — | 975 | 2,274 | 3,249 | (411 | ) | 2007 | 07/17/13 | 8
to 47 Years | |||||||||||||||||||
Tractor Supply | Baytown, TX | (d) | 1,440 | 1,712 | — | — | 1,440 | 1,712 | 3,152 | (378 | ) | 2007 | 07/17/13 | 9
to 39 Years | |||||||||||||||||||
Tractor Supply | Prior Lake, MN | (d) | 1,998 | 2,454 | — | — | 1,998 | 2,454 | 4,452 | (645 | ) | 1991 | 07/17/13 | 7
to 26 Years | |||||||||||||||||||
Tractor Supply | Rome, NY | (d) | 1,326 | 1,110 | — | — | 1,326 | 1,110 | 2,436 | (338 | ) | 2007 | 07/17/13 | 9
to 34 Years | |||||||||||||||||||
Tractor Supply | Carroll, OH | (d) | 1,144 | 4,557 | — | — | 1,144 | 4,557 | 5,701 | (1,072 | ) | 1976 | 07/17/13 | 3
to 30 Years | |||||||||||||||||||
Tractor Supply | Baldwinsville, NY | (c) | 1,105 | 2,008 | — | — | 1,105 | 2,008 | 3,113 | (527 | ) | 2005 | 07/17/13 | 11
to 37 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Tractor
Supply | La Grange, KY | (c) | 1,524 | 1,871 | — | — | 1,524 | 1,871 | 3,395 | (360 | ) | 2008 | 07/17/13 | 10
to 48 Years | |||||||||||||||||||
Tractor Supply | Lowville, NY | (c) | 791 | 1,659 | — | — | 791 | 1,659 | 2,450 | (331 | ) | 2010 | 07/17/13 | 12
to 42 Years | |||||||||||||||||||
Tractor Supply | Malone, NY | (c) | 793 | 1,677 | — | — | 793 | 1,677 | 2,470 | (377 | ) | 2010 | 07/17/13 | 11
to 42 Years | |||||||||||||||||||
Tractor Supply | Ellettsville, IN | (c) | 894 | 1,872 | — | — | 894 | 1,872 | 2,766 | (391 | ) | 2010 | 07/17/13 | 11
to 47 Years | |||||||||||||||||||
Tractor Supply | Mount Sterling, KY | (d) | 1,785 | 1,051 | — | — | 1,785 | 1,051 | 2,836 | (378 | ) | 2011 | 07/17/13 | 12
to 38 Years | |||||||||||||||||||
Tractor Supply | Clovis, NM | (a) | 1,704 | 1,342 | — | — | 1,704 | 1,342 | 3,046 | (467 | ) | 2007 | 07/17/13 | 9
to 33 Years | |||||||||||||||||||
Tutor Time | Pittsburgh, PA | (b) | 457 | 693 | — | — | 457 | 693 | 1,150 | (292 | ) | 1985 | 07/17/13 | 5
to 15 Years | |||||||||||||||||||
Tutor Time | Grand Rapids, MI | (d) | 393 | 1,363 | — | — | 393 | 1,363 | 1,756 | (168 | ) | 2001 | 03/20/15 | 5
to 30 Years | |||||||||||||||||||
Twin Peaks | Little Rock, AR | (a) | 886 | — | — | — | 886 | — | 886 | — | (f) | 06/26/14 | (f) | ||||||||||||||||||||
Twin
Tiers Eye Care | Elmira, NY | (d) | 184 | 3,902 | — | — | 184 | 3,902 | 4,086 | (369 | ) | 1985 | 04/30/15 | 15
to 30 Years | |||||||||||||||||||
Twin Tiers Eye Care | Binghamton, NY | (d) | 328 | 2,214 | — | — | 328 | 2,214 | 2,542 | (213 | ) | 1985 | 04/30/15 | 15
to 30 Years | |||||||||||||||||||
Twin Tiers Eye Care | Bath, NY | (d) | 72 | 707 | — | — | 72 | 707 | 779 | (72 | ) | 1970 | 04/30/15 | 15
to 30 Years | |||||||||||||||||||
Twin Tiers Eye Care | Corning, NY | (d) | 123 | 1,261 | — | — | 123 | 1,261 | 1,384 | (125 | ) | 1999 | 04/30/15 | 15
to 30 Years | |||||||||||||||||||
Twin Tiers Eye Care | Endicott, NY | (d) | 92 | 348 | — | — | 92 | 348 | 440 | (44 | ) | 2001 | 04/30/15 | 15
to 30 Years | |||||||||||||||||||
Twin Tiers Eye Care | Watkins Glen, NY | (d) | 113 | 318 | — | — | 113 | 318 | 431 | (43 | ) | 2002 | 04/30/15 | 15
to 30 Years | |||||||||||||||||||
Uncle Ed's Oil Shoppe | Battle Creek, MI | (a) | 211 | 419 | — | — | 211 | 419 | 630 | (90 | ) | 1981 | 06/23/14 | 15
to 20 Years | |||||||||||||||||||
Uncle Ed's Oil Shoppe | Kalamazoo, MI | (a) | 247 | 333 | — | — | 247 | 333 | 580 | (69 | ) | 1982 | 07/30/14 | 15
to 20 Years | |||||||||||||||||||
Uncle Ed's Oil Shoppe | Kalamazoo, MI | (a) | 201 | 362 | — | — | 201 | 362 | 563 | (77 | ) | 1987 | 06/23/14 | 15
to 20 Years | |||||||||||||||||||
Uncle Ed's Oil Shoppe | Kalamazoo, MI | (a) | 312 | 262 | — | — | 312 | 262 | 574 | (62 | ) | 1984 | 06/23/14 | 15
to 20 Years | |||||||||||||||||||
Uncle Ed's Oil Shoppe | Troy, MI | (a) | 322 | 392 | — | — | 322 | 392 | 714 | (85 | ) | 1984 | 06/23/14 | 15
to 20 Years | |||||||||||||||||||
Uncle Ed's Oil Shoppe | Portage, MI | (a) | 423 | 262 | — | — | 423 | 262 | 685 | (65 | ) | 1985 | 06/23/14 | 15
to 20 Years | |||||||||||||||||||
Uncle Ed's Oil Shoppe | Madison Heights, MI | (a) | 352 | 493 | — | — | 352 | 493 | 845 | (110 | ) | 1984 | 06/23/14 | 15
to 20 Years | |||||||||||||||||||
Uncle Ed's Oil Shoppe | Kalamazoo, MI | (a) | 60 | 211 | — | — | 60 | 211 | 271 | (44 | ) | 1986 | 06/23/14 | 15
to 20 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Uncle
Ed's Oil Shoppe | Warren, MI | (a) | 409 | 344 | — | — | 409 | 344 | 753 | (76 | ) | 1986 | 07/30/14 | 15
to 20 Years | |||||||||||||||||||
Uncle Ed's Oil Shoppe | Clawson, MI | (a) | 262 | 242 | — | — | 262 | 242 | 504 | (56 | ) | 1984 | 06/23/14 | 15
to 20 Years | |||||||||||||||||||
Uncle Ed's Oil Shoppe | Livonia, MI | (a) | 252 | 262 | — | — | 252 | 262 | 514 | (62 | ) | 1986 | 06/23/14 | 15
to 20 Years | |||||||||||||||||||
Uncle Ed's Oil Shoppe | Farmington Hills, MI | (a) | 382 | 282 | — | — | 382 | 282 | 664 | (73 | ) | 1987 | 06/23/14 | 15
to 20 Years | |||||||||||||||||||
Uncle Ed's Oil Shoppe | Kalamazoo, MI | (a) | 171 | 332 | — | — | 171 | 332 | 503 | (82 | ) | 1979 | 06/23/14 | 15
to 20 Years | |||||||||||||||||||
Uncle Ed's Oil Shoppe | Battle Creek, MI | (a) | 302 | 262 | — | — | 302 | 262 | 564 | (62 | ) | 1987 | 06/23/14 | 15
to 20 Years | |||||||||||||||||||
Uncle Ed's Oil Shoppe | St Clair Shores, MI | (a) | 242 | 272 | — | — | 242 | 272 | 514 | (64 | ) | 1985 | 06/23/14 | 15
to 20 Years | |||||||||||||||||||
Uncle Ed's Oil Shoppe | Clinton Township, MI | (a) | 141 | 282 | — | — | 141 | 282 | 423 | (63 | ) | 1987 | 06/23/14 | 15
to 20 Years | |||||||||||||||||||
Uncle Ed's Oil Shoppe | Kalamazoo, MI | (a) | 352 | 262 | — | — | 352 | 262 | 614 | (74 | ) | 1987 | 06/23/14 | 15
to 20 Years | |||||||||||||||||||
Uncle Ed's Oil Shoppe | Bloomfield, MI | (a) | 554 | 332 | — | — | 554 | 332 | 886 | (82 | ) | 1987 | 06/23/14 | 15
to 20 Years | |||||||||||||||||||
Uncle Ed's Oil Shoppe | Waterford, MI | (a) | 292 | 362 | — | — | 292 | 362 | 654 | (87 | ) | 1989 | 06/23/14 | 15
to 20 Years | |||||||||||||||||||
Uncle Ed's Oil Shoppe | Troy, MI | (a) | 281 | 267 | — | — | 281 | 267 | 548 | (39 | ) | 1989 | 12/03/14 | 15
to 30 Years | |||||||||||||||||||
Uncle Ed's Oil Shoppe | Ann Arbor, MI | (a) | 684 | 413 | — | — | 684 | 413 | 1,097 | (93 | ) | 1989 | 06/23/14 | 15
to 20 Years | |||||||||||||||||||
Uncle Ed's Oil Shoppe | Shelby Township, MI | (a) | 387 | 355 | — | — | 387 | 355 | 742 | (85 | ) | 1989 | 07/30/14 | 15
to 20 Years | |||||||||||||||||||
Uncle Ed's Oil Shoppe | Chesterfield Township, MI | (a) | 181 | 302 | — | — | 181 | 302 | 483 | (72 | ) | 1990 | 06/23/14 | 15
to 20 Years | |||||||||||||||||||
Uncle Ed's Oil Shoppe | Macomb Township, MI | (a) | 181 | 262 | — | — | 181 | 262 | 443 | (60 | ) | 1986 | 06/23/14 | 15
to 20 Years | |||||||||||||||||||
Uncle Ed's Oil Shoppe | Ypsilanti, MI | (a) | 1,107 | 745 | — | — | 1,107 | 745 | 1,852 | (153 | ) | 1999 | 06/23/14 | 15
to 30 Years | |||||||||||||||||||
Uncle Ed's Oil Shoppe | Kalamazoo, MI | (a) | 503 | 342 | — | — | 503 | 342 | 845 | (130 | ) | 1989 | 06/23/14 | 15
to 20 Years | |||||||||||||||||||
Uncle Ed's Oil Shoppe | Battle Creek, MI | (a) | 594 | 262 | — | — | 594 | 262 | 856 | (107 | ) | 1998 | 06/23/14 | 15
to 20 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Uncle
Ed's Oil Shoppe | Kalamazoo, MI | (a) | 141 | 141 | — | — | 141 | 141 | 282 | (39 | ) | 1959 | 06/23/14 | 15
to 20 Years | |||||||||||||||||||
United Supermarkets | Childress, TX | (d) | 747 | 934 | — | — | 747 | 934 | 1,681 | (311 | ) | 1997 | 05/23/05 | 7
to 40 Years | |||||||||||||||||||
United Supermarkets | Amarillo, TX | (d) | 3,559 | 4,575 | — | — | 3,559 | 4,575 | 8,134 | (1,377 | ) | 1999 | 05/23/05 | 14
to 40 Years | |||||||||||||||||||
United Supermarkets | Levelland, TX | (d) | 1,651 | 2,158 | — | — | 1,651 | 2,158 | 3,809 | (674 | ) | 1997 | 05/23/05 | 11
to 40 Years | |||||||||||||||||||
United Supermarkets | Amarillo, TX | (d) | 1,828 | 1,292 | — | — | 1,828 | 1,292 | 3,120 | (522 | ) | 1988 | 05/23/05 | 9
to 30 Years | |||||||||||||||||||
United Supermarkets | Snyder, TX | (d) | 2,062 | 2,963 | — | — | 2,062 | 2,963 | 5,025 | (895 | ) | 1999 | 05/23/05 | 14
to 40 Years | |||||||||||||||||||
United Supermarkets | Amarillo, TX | (d) | 1,573 | 1,586 | — | — | 1,573 | 1,586 | 3,159 | (638 | ) | 1989 | 05/23/05 | 9
to 30 Years | |||||||||||||||||||
United Supermarkets | Wichita Falls, TX | (d) | — | 6,259 | — | — | — | 6,259 | 6,259 | (3,447 | ) | 1997 | 05/23/05 | 13
to 20 Years | |||||||||||||||||||
United Supermarkets | Plainview, TX | (d) | 620 | 5,415 | — | — | 620 | 5,415 | 6,035 | (1,495 | ) | 2000 | 08/25/05 | 14
to 40 Years | |||||||||||||||||||
United Supermarkets | Abilene, TX | (a) | 1,586 | 2,230 | — | — | 1,586 | 2,230 | 3,816 | (695 | ) | 1979 | 03/27/13 | 6
to 20 Years | |||||||||||||||||||
United Supermarkets | Muleshoe, TX | (c) | 471 | 1,770 | — | — | 471 | 1,770 | 2,241 | (390 | ) | 1999 | 08/29/11 | 15
to 40 Years | |||||||||||||||||||
United Supermarkets | Amarillo, TX | (a) | 1,574 | 1,389 | — | — | 1,574 | 1,389 | 2,963 | (559 | ) | 1989 | 05/23/05 | 9
to 30 Years | |||||||||||||||||||
United Supermarkets | Burkburnett, TX | (a) | 2,030 | 2,706 | — | — | 2,030 | 2,706 | 4,736 | (846 | ) | 1997 | 05/23/05 | 11
to 40 Years | |||||||||||||||||||
United Supermarkets | Lubbock, TX | (a) | 1,782 | 2,055 | — | — | 1,782 | 2,055 | 3,837 | (642 | ) | 1997 | 05/23/05 | 11
to 40 Years | |||||||||||||||||||
United Supermarkets | Perryton, TX | (a) | 1,029 | 597 | — | — | 1,029 | 597 | 1,626 | (225 | ) | 1997 | 05/23/05 | 7
to 40 Years | |||||||||||||||||||
United Supermarkets | Vernon, TX | (a) | 1,791 | 2,550 | — | — | 1,791 | 2,550 | 4,341 | (797 | ) | 1997 | 05/23/05 | 11
to 40 Years | |||||||||||||||||||
Unity Point Clinic | Oelwein, IA | (d) | 226 | 681 | — | — | 226 | 681 | 907 | (117 | ) | 1995 | 08/18/14 | 5
to 30 Years | |||||||||||||||||||
Vacant | Roswell, NM | (a) | 1,002 | 3,177 | (479 | ) | (1,700 | ) | 523 | 1,477 | 2,000 | — | 2004 | 07/01/05 | 14
to 50 Years | ||||||||||||||||||
Vacant | Kenosha, WI | (a) | 3,421 | 7,407 | — | — | 3,421 | 7,407 | 10,828 | (2,689 | ) | 2004 | 07/01/05 | 14
to 40 Years | |||||||||||||||||||
Vacant | New Hartford, NY | (a) | 2,168 | 4,851 | (1,549 | ) | (3,332 | ) | 619 | 1,519 | 2,138 | (24 | ) | 2004 | 07/01/05 | 1
to 29 Years | |||||||||||||||||
Vacant | Rapid City, SD | (a) | 878 | 1,657 | (176 | ) | (1,010 | ) | 702 | 647 | 1,349 | — | 1902 | 12/29/06 | 15
to 20 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Vacant | Scottdale,
PA | (c) | 607 | 11,008 | (524 | ) | (10,341 | ) | 83 | 667 | 750 | — | 1959 | 12/28/06 | 3
to 10 Years | ||||||||||||||||||
Vacant | Independence, MO | (a) | 1,450 | 1,967 | (843 | ) | (1,259 | ) | 607 | 708 | 1,315 | (9 | ) | 2002 | 06/29/07 | 4
to 29 Years | |||||||||||||||||
Vacant | Valdosta, GA | (c) | 2,930 | 5,012 | (2,292 | ) | (3,963 | ) | 638 | 1,049 | 1,687 | (11 | ) | 2012 | 06/14/13 | 9
to 35 Years | |||||||||||||||||
Vacant | Opelika, AL | (c) | 2,117 | 5,737 | (1,625 | ) | (4,437 | ) | 492 | 1,300 | 1,792 | (12 | ) | 2012 | 06/14/13 | 10
to 35 Years | |||||||||||||||||
Vacant | Portsmouth, OH | (c) | 219 | 2,049 | (165 | ) | (1,549 | ) | 54 | 500 | 554 | (8 | ) | 1997 | 07/17/13 | 1
to 34 Years | |||||||||||||||||
Vacant | Amherst, NY | (c) | 1,868 | 7,503 | (1,069 | ) | (4,385 | ) | 799 | 3,118 | 3,917 | (847 | ) | 1993 | 07/17/13 | 2
to 40 Years | |||||||||||||||||
Vacant | Beaumont, TX | (c) | 778 | 9,297 | (522 | ) | (6,423 | ) | 256 | 2,874 | 3,130 | (110 | ) | 1971 | 07/17/13 | 3
to 21 Years | |||||||||||||||||
Vacant | Greensboro, NC | (c) | 2,776 | 3,990 | — | — | 2,776 | 3,990 | 6,766 | (570 | ) | 2007 | 07/17/13 | 10
to 47 Years | |||||||||||||||||||
Vacant | Indianapolis, IN | (d) | 1,640 | 8,063 | — | — | 1,640 | 8,063 | 9,703 | (1,326 | ) | 1999 | 07/17/13 | 7
to 33 Years | |||||||||||||||||||
Vacant | Grove City, OH | (c) | 2,050 | 3,288 | (1,202 | ) | (1,981 | ) | 848 | 1,307 | 2,155 | (42 | ) | 2008 | 07/17/13 | 6
to 34 Years | |||||||||||||||||
Vacant | Kansas City, KS | (d) | 1,932 | 5,629 | — | — | 1,932 | 5,629 | 7,561 | (834 | ) | 2009 | 07/17/13 | 6
to 43 Years | |||||||||||||||||||
Vacant | Tuscaloosa, AL | (c) | 3,321 | 4,053 | (2,392 | ) | (2,963 | ) | 929 | 1,090 | 2,019 | (9 | ) | 2013 | 09/30/13 | 10
to 46 Years | |||||||||||||||||
Vacant | Lewisville, TX | (a) | 1,767 | 8,086 | (1,213 | ) | (5,677 | ) | 554 | 2,409 | 2,963 | (20 | ) | 2002 | 03/31/14 | 4
to 36 Years | |||||||||||||||||
Vacant | Newnan, GA | (d) | 2,938 | 4,472 | — | 319 | 2,938 | 4,791 | 7,729 | (473 | ) | 2014 | 07/03/14 | 15
to 40 Years | |||||||||||||||||||
Valley Surgical Center | Steubenville, OH | (d) | 363 | 3,726 | — | — | 363 | 3,726 | 4,089 | (376 | ) | 2009 | 08/18/14 | 14
to 40 Years | |||||||||||||||||||
VASA Fitness | Taylorsville, UT | (d) | 1,496 | 3,593 | — | — | 1,496 | 3,593 | 5,089 | (434 | ) | 1988 | 11/20/15 | 12
to 20 Years | |||||||||||||||||||
Veloce Indoor Speedway | Knoxville, TN | (d) | 1,508 | 2,017 | 188 | 3,021 | 1,696 | 5,038 | 6,734 | (252 | ) | 1987 | 12/10/15 | 9
to 60 Years | |||||||||||||||||||
Verizon | Covington, TN | (d) | 343 | 152 | — | — | 343 | 152 | 495 | (88 | ) | 2007 | 07/17/13 | 3
to 24 Years |
Walgreens | Olivette, MO | (c) | 1,816 | 5,917 | — | — | 1,816 | 5,917 | 7,733 | (808 | ) | 2001 | 07/17/13 | 11
to 42 Years | |||||||||||||||||||
Walgreens | Columbia, MO | (c) | 1,047 | 5,242 | — | — | 1,047 | 5,242 | 6,289 | (602 | ) | 2002 | 07/17/13 | 9
to 44 Years | |||||||||||||||||||
Walgreens | Knoxville, TN | (d) | 2,107 | 3,334 | — | — | 2,107 | 3,334 | 5,441 | (504 | ) | 2000 | 07/17/13 | 6
to 40 Years | |||||||||||||||||||
Walgreens | Picayune, MS | (d) | 954 | 3,132 | — | — | 954 | 3,132 | 4,086 | (406 | ) | 2006 | 07/17/13 | 10
to 42 Years | |||||||||||||||||||
Walgreens | Madeira, OH | (d) | 951 | 3,978 | — | — | 951 | 3,978 | 4,929 | (506 | ) | 1998 | 07/17/13 | 5
to 44 Years | |||||||||||||||||||
Walgreens | Shreveport, LA | (d) | 1,461 | 3,605 | — | — | 1,461 | 3,605 | 5,066 | (517 | ) | 1999 | 07/17/13 | 6
to 40 Years | |||||||||||||||||||
Walgreens | Gainesville, FL | (d) | 922 | 2,705 | — | — | 922 | 2,705 | 3,627 | (381 | ) | 1998 | 07/17/13 | 4
to 40 Years | |||||||||||||||||||
Walgreens | Bridgetown, OH | (d) | 1,015 | 3,769 | — | — | 1,015 | 3,769 | 4,784 | (503 | ) | 1999 | 07/17/13 | 5
to 43 Years | |||||||||||||||||||
Walgreens | Dallas, TX | (d) | 735 | 3,328 | — | — | 735 | 3,328 | 4,063 | (440 | ) | 1996 | 07/17/13 | 3
to 40 Years | |||||||||||||||||||
Walgreens | Houston, TX | (d) | 1,079 | 3,582 | — | — | 1,079 | 3,582 | 4,661 | (465 | ) | 2001 | 07/17/13 | 6
to 40 Years | |||||||||||||||||||
Walgreens | Bryan, TX | (d) | 1,049 | 5,633 | — | — | 1,049 | 5,633 | 6,682 | (703 | ) | 2001 | 07/17/13 | 6
to 40 Years | |||||||||||||||||||
Walgreens | Fort Worth, TX | (d) | 1,601 | 1,894 | — | — | 1,601 | 1,894 | 3,495 | (318 | ) | 1999 | 07/17/13 | 6
to 39 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Walgreens | Kansas
City, MO | (d) | 634 | 4,341 | — | — | 634 | 4,341 | 4,975 | (571 | ) | 1997 | 07/17/13 | 4
to 43 Years | |||||||||||||||||||
Walgreens | Kansas City, MO | (d) | 532 | 3,549 | — | — | 532 | 3,549 | 4,081 | (515 | ) | 1998 | 07/17/13 | 4
to 39 Years | |||||||||||||||||||
Walgreens | Kansas City, MO | (d) | 862 | 4,367 | — | — | 862 | 4,367 | 5,229 | (571 | ) | 2000 | 07/17/13 | 6
to 42 Years | |||||||||||||||||||
Walgreens | Kansas City, MO | (d) | 518 | 4,234 | — | — | 518 | 4,234 | 4,752 | (554 | ) | 1999 | 07/17/13 | 6
to 43 Years | |||||||||||||||||||
Walgreens | Topeka, KS | (d) | 912 | 2,681 | — | — | 912 | 2,681 | 3,593 | (423 | ) | 1999 | 07/17/13 | 6
to 38 Years | |||||||||||||||||||
Walgreens | DeSoto, TX | (c) | 1,007 | 2,313 | — | — | 1,007 | 2,313 | 3,320 | (362 | ) | 1997 | 07/17/13 | 5
to 40 Years | |||||||||||||||||||
Walgreens | Waco, TX | (d) | 858 | 3,455 | — | — | 858 | 3,455 | 4,313 | (518 | ) | 1998 | 07/17/13 | 5
to 35 Years | |||||||||||||||||||
Walgreens | Cincinnati, OH | (c) | 1,527 | 4,307 | — | — | 1,527 | 4,307 | 5,834 | (571 | ) | 2000 | 07/17/13 | 7
to 42 Years | |||||||||||||||||||
Walgreens | Batesville, MS | (c) | 421 | 3,932 | — | — | 421 | 3,932 | 4,353 | (480 | ) | 2007 | 07/17/13 | 10
to 42 Years | |||||||||||||||||||
Walgreens | Elmira, NY | (d) | 1,066 | 4,230 | — | — | 1,066 | 4,230 | 5,296 | (563 | ) | 2007 | 07/17/13 | 12
to 43 Years | |||||||||||||||||||
Walgreens | Albany, GA | (d) | 961 | 3,314 | — | — | 961 | 3,314 | 4,275 | (443 | ) | 2008 | 07/17/13 | 12
to 43 Years | |||||||||||||||||||
Walgreens | Rome, NY | (d) | 1,135 | 3,104 | — | — | 1,135 | 3,104 | 4,239 | (415 | ) | 2007 | 07/17/13 | 13
to 43 Years | |||||||||||||||||||
Walgreens | Columbus, MS | (c) | 769 | 3,475 | — | — | 769 | 3,475 | 4,244 | (443 | ) | 2004 | 07/17/13 | 11
to 41 Years | |||||||||||||||||||
Walgreens | Crossville, TN | (c) | 1,890 | 3,680 | — | — | 1,890 | 3,680 | 5,570 | (498 | ) | 2001 | 07/17/13 | 7
to 41 Years | |||||||||||||||||||
Walgreens | Jacksonville, FL | (c) | 521 | 4,365 | — | — | 521 | 4,365 | 4,886 | (561 | ) | 2000 | 07/17/13 | 7
to 40 Years | |||||||||||||||||||
Walgreens | LaMarque, TX | (c) | 464 | 3,139 | — | — | 464 | 3,139 | 3,603 | (467 | ) | 2000 | 07/17/13 | 7
to 40 Years | |||||||||||||||||||
Walgreens | Tulsa, OK | (d) | 741 | 3,179 | — | — | 741 | 3,179 | 3,920 | (438 | ) | 1994 | 07/17/13 | 1
to 35 Years | |||||||||||||||||||
Walgreens | Newton, IA | (c) | 365 | 4,475 | — | — | 365 | 4,475 | 4,840 | (553 | ) | 2001 | 07/17/13 | 7
to 44 Years | |||||||||||||||||||
Walgreens | Seattle, WA | (c) | 2,589 | 4,245 | — | — | 2,589 | 4,245 | 6,834 | (558 | ) | 2002 | 07/17/13 | 9
to 43 Years | |||||||||||||||||||
Walgreens | Evansville, IN | (c) | 1,249 | 3,924 | — | — | 1,249 | 3,924 | 5,173 | (528 | ) | 2007 | 07/17/13 | 12
to 44 Years | |||||||||||||||||||
Walgreens | Canton, IL | (d) | 703 | 4,098 | — | — | 703 | 4,098 | 4,801 | (535 | ) | 2006 | 07/17/13 | 12
to 43 Years | |||||||||||||||||||
Walgreens | Memphis, TN | (d) | 961 | 5,389 | — | — | 961 | 5,389 | 6,350 | (659 | ) | 2002 | 07/17/13 | 12
to 43 Years | |||||||||||||||||||
Walgreens | Parkville, MO | (d) | 1,854 | 2,568 | — | — | 1,854 | 2,568 | 4,422 | (441 | ) | 2006 | 07/17/13 | 11
to 38 Years | |||||||||||||||||||
Walgreens | San Antonio, TX | (d) | 841 | 3,909 | — | — | 841 | 3,909 | 4,750 | (494 | ) | 2004 | 07/17/13 | 14
to 40 Years | |||||||||||||||||||
Walgreens | Mount Pleasant, TX | (d) | 1,192 | 4,578 | — | — | 1,192 | 4,578 | 5,770 | (627 | ) | 2009 | 07/17/13 | 14
to 43 Years | |||||||||||||||||||
Walgreens | Saginaw, MI | (a) | 1,064 | 3,906 | — | — | 1,064 | 3,906 | 4,970 | (527 | ) | 2000 | 07/17/13 | 7
to 41 Years | |||||||||||||||||||
Wal-Mart | Anderson, SC | (d) | 4,770 | 6,883 | — | — | 4,770 | 6,883 | 11,653 | (2,745 | ) | 1993 | 07/17/13 | 0
to 21 Years | |||||||||||||||||||
Wal-Mart | Spencer, IN | (d) | 971 | 2,483 | — | — | 971 | 2,483 | 3,454 | (740 | ) | 1987 | 07/17/13 | 4
to 22 Years | |||||||||||||||||||
Wal-Mart | New London, WI | (d) | 1,008 | 2,094 | — | — | 1,008 | 2,094 | 3,102 | (918 | ) | 1991 | 07/17/13 | 3
to 18 Years | |||||||||||||||||||
Wendy's | Pineville, LA | (a) | 558 | 1,044 | — | — | 558 | 1,044 | 1,602 | (485 | ) | 1996 | 06/25/04 | 11
to 30 Years | |||||||||||||||||||
Wendy's | Greenville, TX | (a) | 223 | 304 | — | — | 223 | 304 | 527 | (188 | ) | 1985 | 12/29/05 | 15
to 20 Years | |||||||||||||||||||
Wendy's | Forsyth, GA | (a) | 495 | 1,007 | — | — | 495 | 1,007 | 1,502 | (467 | ) | 1984 | 01/12/06 | 15
to 30 Years |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
Wendy's | Madison,
GA | (a) | 892 | 739 | — | — | 892 | 739 | 1,631 | (364 | ) | 1989 | 01/12/06 | 15
to 40 Years | |||||||||||||||||||
Winco Grocery | Eureka, CA | (d) | 3,108 | 12,817 | — | — | 3,108 | 12,817 | 15,925 | (1,779 | ) | 1960 | 07/17/13 | 3
to 40 Years | |||||||||||||||||||
Yard House | Cincinnati, OH | (a) | 1,614 | 4,134 | — | — | 1,614 | 4,134 | 5,748 | (504 | ) | 2013 | 01/15/14 | 9
to 40 Years | |||||||||||||||||||
YouFit | Sartell, MN | (b) | 3,092 | 3,765 | — | — | 3,092 | 3,765 | 6,857 | (696 | ) | 2001 | 12/16/14 | 15
to 30 Years | |||||||||||||||||||
YouFit | Saint Cloud, MN | (b) | 912 | 1,427 | — | — | 912 | 1,427 | 2,339 | (270 | ) | 1989 | 12/16/14 | 15
to 20 Years | |||||||||||||||||||
YouFit | Chandler, AZ | (a) | 1,326 | 2,665 | — | — | 1,326 | 2,665 | 3,991 | (160 | ) | 2007 | 09/30/16 | 10
to 30 Years | |||||||||||||||||||
YouFit | Phoenix, AZ | (a) | 1,402 | 2,879 | — | — | 1,402 | 2,879 | 4,281 | (177 | ) | 2008 | 09/30/16 | 10
to 30 Years | |||||||||||||||||||
Zaxby's | Jonesboro, GA | (d) | 679 | 1,736 | — | — | 679 | 1,736 | 2,415 | (170 | ) | 2006 | 07/01/15 | 15
to 30 Years | |||||||||||||||||||
Zaxby's | College Park, GA | (d) | 839 | 1,439 | — | — | 839 | 1,439 | 2,278 | (152 | ) | 2007 | 07/01/15 | 15
to 30 Years | |||||||||||||||||||
Zaxby's | Riverdale, GA | (d) | 741 | 1,789 | — | — | 741 | 1,789 | 2,530 | (164 | ) | 2010 | 09/17/15 | 15
to 30 Years | |||||||||||||||||||
Zips Car Wash | Arlington, TN | (d) | 867 | 1,487 | — | — | 867 | 1,487 | 2,354 | (149 | ) | 2010 | 09/30/15 | 15
to 30 Years | |||||||||||||||||||
Zips Car Wash | Edmond, OK | (d) | 644 | 1,896 | — | — | 644 | 1,896 | 2,540 | (168 | ) | 2005 | 09/30/15 | 15
to 30 Years | |||||||||||||||||||
Zips Car Wash | Oklahoma City, OK | (d) | 545 | 1,995 | — | — | 545 | 1,995 | 2,540 | (174 | ) | 2005 | 09/30/15 | 15
to 30 Years | |||||||||||||||||||
Zips Car Wash | Oklahoma City, OK | (d) | 1,004 | 1,933 | — | — | 1,004 | 1,933 | 2,937 | (191 | ) | 2005 | 09/30/15 | 15
to 30 Years | |||||||||||||||||||
Zips Car Wash | Sherwood, AR | (d) | 1,128 | 1,388 | — | — | 1,128 | 1,388 | 2,516 | (164 | ) | 2010 | 09/30/15 | 15
to 30 Years | |||||||||||||||||||
Zips Car Wash | Siloam Springs, AR | (d) | 991 | 1,884 | — | — | 991 | 1,884 | 2,875 | (182 | ) | 2005 | 09/30/15 | 15
to 30 Years | |||||||||||||||||||
Zips Car Wash | Springdale, AR | (d) | 520 | 2,032 | — | — | 520 | 2,032 | 2,552 | (180 | ) | 2005 | 09/30/15 | 15
to 30 Years | |||||||||||||||||||
Zips Car Wash | Texarkana, TX | (d) | 483 | 1,400 | — | — | 483 | 1,400 | 1,883 | (125 | ) | 2010 | 09/30/15 | 15
to 30 Years | |||||||||||||||||||
Zips Car Wash | San Antonio, TX | (d) | 1,422 | 1,108 | — | 110 | 1,422 | 1,218 | 2,640 | (50 | ) | 2010 | 03/29/17 | 10
to 30 Years | |||||||||||||||||||
Zips Car Wash | Converse, TX | (d) | 1,253 | 1,493 | — | 199 | 1,253 | 1,692 | 2,945 | (75 | ) | 2011 | 03/29/17 | 10
to 30 Years | |||||||||||||||||||
Zips Car Wash | Universal City, TX | (d) | 1,167 | 1,440 | — | 123 | 1,167 | 1,563 | 2,730 | (40 | ) | 2011 | 06/30/17 | 15
to 30 Years | |||||||||||||||||||
Zips Car Wash | New Braunfels, TX | (d) | 1,261 | 1,571 | — | 110 | 1,261 | 1,681 | 2,942 | (57 | ) | 2010 | 03/29/17 | 10
to 30 Years | |||||||||||||||||||
Zips Car Wash | Seguin, TX | (d) | 621 | 1,264 | — | 110 | 621 | 1,374 | 1,995 | (56 | ) | 2010 | 03/29/17 | 10
to 30 Years | |||||||||||||||||||
2,618,723 | 4,689,916 | (29,793 | ) | 2,461 | 2,588,930 | 4,692,377 | 7,281,307 | (1,075,643 | ) |
Initial
Cost to Company | Cost Capitalized Subsequent to Acquisition including impairment | Gross Amount at December 31, 2017 (g) | |||||||||||||||||||||||
Concept | City,
State | Encumbrances (e) | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings and Improvements | Land and Improvements | Buildings
and Improvements | Total | Final Accumulated Depreciation | Date of Construction | Date Acquired | Life in which depreciation in latest Statement of Operations is computed |
(a) | Represents
properties collateralized with Master Trust 2014 debt of $1,981,166, including $45,366 of debt held by the Company. |
(b) | Represents properties collateralized with Master Trust 2013 debt of $312,704. |
(c) | Represents properties collateralized with fixed CMBS debt of $323,749. |
(d) | Represents unencumbered properties. |
(e) | The aggregate cost of properties for federal income tax purposes is approximately $6.03 billion at December
31, 2017 |
(f) | Represents land only properties with no depreciation and therefore date of construction and estimated life for depreciation not applicable. |
(g) | As of December 31, 2017, certain direct finance lease and held for sale properties has fixed CMBS debt of $8,898 and are not included in the table above. |
2017 | 2016 | 2015 | |||||||||
Land,
buildings, and improvements | |||||||||||
Balance at the beginning of the year | $ | 7,479,231 | $ | 7,527,369 | $ | 7,193,796 | |||||
Additions: | |||||||||||
Acquisitions,
capital expenditures, and reclassifications from held for sale and deferred financing leases | 337,497 | 691,332 | 873,344 | ||||||||
Deductions: | |||||||||||
Dispositions
of land, buildings, and improvements and other adjustments | (422,653 | ) | (508,961 | ) | (405,437 | ) | |||||
Reclassifications to held for sale | (34,813 | ) | (150,529 | ) | (74,638 | ) | |||||
Impairments | (77,955 | ) | (79,980 | ) | (59,696 | ) | |||||
Gross
Real Estate Balance at close of the year | $ | 7,281,307 | $ | 7,479,231 | $ | 7,527,369 | |||||
Accumulated
depreciation and amortization | |||||||||||
Balance at the beginning of the year | $ | (940,005 | ) | $ | (860,954 | ) | $ | (752,210 | ) | ||
Additions: | |||||||||||
Depreciation
expense and reclassifications from held for sale | (219,803 | ) | (221,993 | ) | (210,395 | ) | |||||
Deductions: | |||||||||||
Dispositions
of land, buildings, and improvements and other adjustments | 82,156 | 127,787 | 80,965 | ||||||||
Reclassifications to held for sale | 2,009 | 15,155 | 20,686 | ||||||||
Balance
at close of the year | (1,075,643 | ) | (940,005 | ) | (860,954 | ) | |||||
Net
Real Estate Investment | $ | 6,205,664 | $ | 6,539,226 | $ | 6,666,415 |
Description | Location(s) | Stated
Interest Rate | Final Maturity Date (1) | Periodic Payment Terms | Prior Liens | Face Amount of Mortgages | Carrying Amount of Mortgages (2) | Principal
Amount of Loans Subject to Delinquent Principal or Interest (3) | ||||||||||||||||||
Restaurants - Casual Dining | AL, AR, AZ (3), GA, KS, KY, LA, MA, MD, MI, NC (2), NJ, OK, PA, SC (2), TN, TX (2), WV | 9.84% | 8/1/2020 | Principal & Interest (4) | $ | — | $ | 37,939 | $ | 31,776 | $ | — | ||||||||||||||
Restaurants
- Quick Service | AZ (2), CA, FL (6), GA (3), MA, MD, MI (2), NC, VA (3) | 10.47% | 10/1/2020 | Principal & Interest (5) | — | 17,711 | 13,937 | — | ||||||||||||||||||
Automotive
Parts | TX (24), LA (2) | 8.60% - 9.35% | 1/1/2021 | Principal & Interest (6) | — | 10,588 | 8,459 | — | ||||||||||||||||||
Restaurants
- Casual Dining | CO (3), IL, KS, MI (2), MO, OH (2), OK, SD, TN | 4.00% - 9.00% | 9/25/2020 | Mixed (7) | — | 13,125 | 9,939 | — | ||||||||||||||||||
Grocery | CA | 5.00% | 6/29/2018 | Interest
Only (8) | — | 9,000 | 9,000 | — | ||||||||||||||||||
Restaurants
< 3% | OH (3), PA (2) | 9.55% | 5/1/2026 | - | 7/1/2028 | Principal & Interest | — | 2,635 | 1,501 | 1,469 | ||||||||||||||||
Total | $ | — | $ | 90,998 | $ | 74,612 | $ | 1,469 | ||||||||||||||||||
(1) Reflects
current maturity of the investment and does not consider any options to extend beyond the current maturity | ||||||||||||||||||||||||||
(2) The aggregate tax basis of the mortgage loans outstanding on December 31, 2017 was $69.9 million. | ||||||||||||||||||||||||||
(3) One
borrower associated with two properties filed for bankruptcy November 11, 2017, the remaining balance of the mortgage notes and related accrued interest have been fully reserved, totaling $360.0 thousand. Delinquent balances in the amount of $29.0 thousand have been reserved related to one borrower associated with three properties. | ||||||||||||||||||||||||||
(4) Balloon payment of $21.5 million due at maturity | ||||||||||||||||||||||||||
(5) Balloon
payments of $7.2 million due at maturity | ||||||||||||||||||||||||||
(6) Consists of two notes, $6.6 million at 9.35% and $4.0 million at 8.60% with a combined balloon payment of $5.0 million due at maturity | ||||||||||||||||||||||||||
(7) Deferred
interest (4.0%) year 1, Interest only (4.0%) year 2, Principal and interest (9.0%) year 3, Balloon payment of $8.6 million due at maturity | ||||||||||||||||||||||||||
(8) Balloon payment of $9.0 million due at maturity |
2017 | 2016 | 2015 | |||||||||
Reconciliation
of Mortgage Loans on Real Estate | |||||||||||
Balance January 1, | $ | 62,604 | $ | 100,082 | $ | 109,046 | |||||
Additions
during period | |||||||||||
New mortgage loans | 24,015 | — | — | ||||||||
Deductions
during period | |||||||||||
Collections of principal (inclusive of loans receivable exchanged for real estate acquired) | (9,462 | ) | (34,686 | ) | (6,497 | ) | |||||
Amortization
of premium | (2,156 | ) | (2,792 | ) | (2,466 | ) | |||||
Amortization of capitalized loan origination costs | — | — | (1 | ) | |||||||
Mortgage
loans receivable December 31, | 75,001 | 62,604 | 100,082 | ||||||||
Mortgage loan loss provisions | (389 | ) | — | — | |||||||
74,612 | 62,604 | 100,082 | |||||||||
Equipment
and other loans receivable | 5,355 | 4,474 | 4,245 | ||||||||
Provision for other loan loss | — | (500 | ) | (324 | ) | ||||||
5,355 | 3,974 | 3,921 | |||||||||
Total
loans receivable | $ | 79,967 | $ | 66,578 | $ | 104,003 |
SPIRIT REALTY CAPITAL, INC. (Registrant) | ||
By: | /s/ Prakash
J. Parag | |
Name: | ||
Title: | Chief Accounting Officer and Senior Vice President (Principal Accounting Officer) |
Name | Title | Date |
/s/ Jackson Hsieh | President
and Chief Executive Officer (Principal Executive Officer) | |
Chief Financial Officer, Executive Vice President and Treasurer (Principal Financial Officer) | ||
/s/
Prakash J. Parag | Chief Accounting Officer and Senior Vice President (Principal Accounting Officer) | |
Director | ||
/s/ Todd A. Dunn | Director | |
Director | ||
Director | ||
Director | ||
Director | ||
Director |
SPIRIT REALTY, L.P. (Registrant) | ||
By: | Spirit
Realty Capital, Inc., in its capacity as sole member of Spirit General Holdings, LLC, as sole general partner and on behalf of Spirit Realty, L.P. | |
By: | /s/ Prakash J. Parag | |
Name: | ||
Title: | Chief Accounting
Officer and Senior Vice President (Principal Accounting Officer) |
Name | Title | Date |
/s/
Jackson Hsieh | President and Chief Executive Officer (Principal Executive Officer) | |
Chief Financial Officer, Executive Vice President and Treasurer (Principal Financial Officer) | ||
/s/ Prakash J. Parag | Chief Accounting Officer and Senior Vice President (Principal Accounting Officer) | |
Director | ||
/s/ Todd A. Dunn | Director | |
Director | ||
Director | ||
Director | ||
Director | ||
Director |
This ‘10-K’ Filing | Date | Other Filings | ||
---|---|---|---|---|
1/31/27 | ||||
9/15/26 | ||||
6/15/26 | ||||
1/1/26 | ||||
1/1/23 | ||||
10/3/22 | ||||
3/15/22 | ||||
5/15/21 | ||||
1/1/21 | ||||
11/15/20 | ||||
6/19/20 | ||||
3/31/20 | 10-Q | |||
12/31/19 | 10-K | |||
12/15/19 | ||||
5/15/19 | ||||
3/31/19 | 10-Q | |||
12/31/18 | 10-K | |||
12/15/18 | ||||
11/15/18 | ||||
11/2/18 | ||||
11/1/18 | ||||
Filed on: | 2/23/18 | |||
2/22/18 | 8-K | |||
2/20/18 | 8-K | |||
1/23/18 | 8-K | |||
1/22/18 | 8-K | |||
1/16/18 | 8-K | |||
1/12/18 | ||||
1/1/18 | ||||
For Period end: | 12/31/17 | DEF 14A | ||
12/29/17 | ||||
12/22/17 | ||||
12/19/17 | ||||
12/15/17 | ||||
12/8/17 | ||||
11/11/17 | ||||
10/13/17 | ||||
10/3/17 | 4, 8-K | |||
9/29/17 | ||||
9/15/17 | ||||
8/3/17 | 10-Q, 8-K | |||
7/14/17 | ||||
6/30/17 | 10-Q | |||
6/15/17 | ||||
4/14/17 | 424B3, EFFECT | |||
3/31/17 | 10-Q, DEF 14A | |||
3/15/17 | 4 | |||
1/13/17 | ||||
1/1/17 | ||||
12/31/16 | 10-K, DEF 14A | |||
12/30/16 | ||||
12/19/16 | 4 | |||
12/15/16 | ||||
10/14/16 | ||||
9/30/16 | 10-Q | |||
9/15/16 | ||||
8/18/16 | 8-K | |||
7/15/16 | ||||
6/30/16 | 10-Q, 10-Q/A, 3 | |||
6/15/16 | ||||
4/27/16 | ||||
4/15/16 | 8-K | |||
4/1/16 | ||||
3/31/16 | 10-Q, 10-Q/A | |||
3/15/16 | ||||
1/1/16 | 4 | |||
12/31/15 | 10-K, 10-K/A, 4 | |||
11/25/15 | ||||
11/16/15 | 3 | |||
11/3/15 | ||||
9/8/15 | ||||
3/31/15 | 10-Q, 10-Q/A, 8-K | |||
1/1/15 | 4 | |||
12/31/14 | 10-K, 4 | |||
5/20/14 | 8-K | |||
1/1/14 | 4 | |||
12/31/13 | 10-K, ARS | |||
7/17/13 | 3, 8-K, 8-K/A, S-8 | |||
10/1/12 | ||||
9/25/12 | ||||
9/20/12 | ||||
12/31/05 | 10-K, DEF 14A | |||
List all Filings |