---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-002920"
form_type: "8-K"
ticker: "GIPR"
cik: "0001651721"
company_name: "GENERATION INCOME PROPERTIES, INC."
filed_at: "2023-02-15T23:59:59+00:00"
generated_at: "2026-06-19T11:32:55.660979+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Generation Income Properties signs $8.2M deal to buy Best Buy-anchored retail property

## Summary
- Purchase price $8.2M for ~48,000 sq ft single-tenant retail building in Overland Park, KS.
- Tenant is Best Buy (BBB+ S&P) with ~2 years lease term plus one 5-year renewal option.
- Annual rent $630,994; acquisition funded ~50% mortgage debt and 50% equity.
- Transaction subject to customary closing conditions and due diligence.
- Property adds to portfolio of net-lease real estate assets.

## SEC filing metadata
- accession: 0000950170-23-002920
- form_type: 8-K
- ticker: GIPR
- cik: 0001651721
- company_name: GENERATION INCOME PROPERTIES, INC.
- filed_at: 2023-02-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1651721/000095017023002920/0000950170-23-002920-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1651721/000095017023002920/gipr-20230210.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-002920
- JSON: https://secwatch.observer/filing/0000950170-23-002920.json
- Plain text: https://secwatch.observer/filing/0000950170-23-002920.txt

## Key facts
- Material Agreements
  GENERATION INCOME PROPERTIES, INC. entered into Purchase and Sale Agreement with Harbor Terrace Limited Partnership valued at $8,200,000 (effective 2023-02-10).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Harbor Terrace Limited Partnership
  - Value: $8,200,000
  - Effective: 2023-02-10
  source text: On February 10, 2023, Generation Income Properties L.P. (the “Operating Partnership”), the operating partnership of Generation Income Properties, Inc. (the “Company”), entered into a Purchase and Sale Agreement with Harbor Terrace Limited Partnership to acquire an approximately 48,000 square foot single-tenant retail building in Overland Park, KS for total consideration of $8.2 million, which is expected to be funded with approximately 50% mortgage debt and 50% equity.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1651721/000095017023002920/0000950170-23-002920-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.