secwatch.observer — SEC 8-K summary
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Issuer:     GENERATION INCOME PROPERTIES, INC. (GIPR)
CIK:        0001651721
Form:       8-K
Filed at:   2026-05-22T20:30:19+00:00
Accession:  0001193125-26-237019
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1651721/000119312526237019/0001193125-26-237019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1651721/000119312526237019/gipr-20260522.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-237019

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