Subsequent Events |
9 Months Ended |
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Sep. 30, 2016 | |
Subsequent Events [Abstract] | |
Subsequent Events | SUBSEQUENT EVENTS Subsequent to September 30, 2016, the Company purchased eight stores located in California, Maryland, Minnesota, Texas, and Utah for a total purchase price of $73,850. On October 14, 2016, the Company obtained $1,150,000 in unsecured financing, consisting of a $500,000 senior unsecured revolving credit facility, a senior unsecured five-year term loan of up to $430,000, of which it drew $300,000 at closing, and a senior unsecured seven-year term loan of up to $220,000. Concurrently with the close of this transaction, the Company paid off and terminated three of the four existing lines of credit. |