Generation Income Properties completes sale of Tampa Starbucks-occupied property for $2.96M

GENERATION INCOME PROPERTIES, INC.

Sold a Starbucks-occupied net-lease retail property at 10002 N Dale Mabry, Tampa, FL for $2,964,000.
Net proceeds to the Company were $1,959,170 after prorations, adjustments, and mortgage repayment.
Buyer was Andrew Livingstone, assigned to 10002 N Dale Mabry, LLC; sale closed May 22, 2026.
Pro forma adjustments show the property contributed ~$42k quarterly rental income; removal increases net loss by $6.5k per quarter.
The sale reduced mortgage debt by ~$773k and real estate assets by ~$2.0M on the balance sheet.

item 1.01 item 2.01 item 9.01

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