Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2019

Real Estate And Accumulated Depreciation Disclosure [Abstract]

Schedule III - Real Estate and Accumulated Depreciation

ESSENTIAL PROPERTIES REALTY TRUST, INC. AND ESSENTIAL PROPERTIES REALTY TRUST, INC. PREDECESSOR

Schedule III - Real Estate and Accumulated Depreciation

As of December 31, 2019

(Dollar amounts in thousands)

Description(a)				Initial Cost to Company				Cost Capitalized Subsequent to Acquisition								Gross Amount at December 31, 2019(b)(c)						Accumulated
Tenant Industry	City	State	Encumbrances	Land & Improvements		Building & Improvements		Land & Improvements				Building & Improvements				Land & Improvements		Building & Improvements		Total		Depreciation (d)(e)		Year Constructed	Date Acquired
Restaurants - Quick Service	Alexander City	AL	{f}	$	184	$	242	$	—			$	—			$	184	$	242	$	426	$	34	1987	6/16/2016
Restaurants - Quick Service	Zanesville	OH	{f}		397		277		—				—				397		277		674		33	1988	6/16/2016
Restaurants - Quick Service	Belleville	IL	{f}		314		369		—				—				314		369		683		47	1988	6/16/2016
Restaurants - Quick Service	Grand Rapids	MI	{f}		177		346		—				—				177		346		523		45	1989	6/16/2016
Restaurants - Quick Service	Petaluma	CA	{f}		467		533		—				—				467		533		1,000		69	1992	6/16/2016
Restaurants - Quick Service	Clarkesville	GA			178		—		—				—				178		—		178		—		6/16/2016
Restaurants - Quick Service	Philadelphia	PA			485		626		—				—				485		626		1,111		84	1980	6/16/2016
Other Services	Nashville	TN			332		106		—				—				332		106		438		27	1992	6/16/2016
Restaurants - Quick Service	Ruskin	FL	{f}		641		—		—				—				641		—		641		—	1993	6/16/2016
Restaurants - Quick Service	Brownsville	TX	{f}		561		474		—				—				561		474		1,035		66	1995	6/16/2016
Restaurants - Quick Service	Waco	TX	{f}		633		382		—				—				633		382		1,015		49	1991	6/16/2016
Restaurants - Family Dining	Palantine	IL	{f}		926		354		—				—				926		354		1,280		63	1990	6/16/2016
Restaurants - Family Dining	LaGrange	IL	{f}		446		851		—				—				446		851		1,297		97	1990	6/16/2016
Restaurants - Family Dining	Jacksonville	FL	{f}		1,086		957		—				—				1,086		957		2,043		163	1997	6/16/2016
Restaurants - Casual Dining	Corpus Christi	TX	{f}		1,160		—		—				—				1,160		—		1,160		—	2015	6/16/2016
Restaurants - Casual Dining	Centennial	CO	{f}		1,593		3,400		—				—				1,593		3,400		4,993		333	1993	6/16/2016
Restaurants - Quick Service	Redford	MI			468		567		—				—				468		567		1,035		73	1998	6/16/2016
Other Services	Landrum	SC	{f}		214		87		—				—				214		87		301		18	1992	6/16/2016
Restaurants - Family Dining	Virginia Beach	VA			90		192		—				—				90		192		282		80	1997	6/16/2016
Restaurants - Casual Dining	Thomasville	GA			903		233		—				600				903		833		1,736		76	1999	6/16/2016
Restaurants - Casual Dining	Grapevine	TX	{f}		1,385		977		—				—				1,385		977		2,362		130	1999	6/16/2016
Restaurants - Family Dining	Plano	TX			207		424		—				—				207		424		631		173	1998	6/16/2016
Restaurants - Family Dining	Coon Rapids	MN	{f}		635		856		—				—				635		856		1,491		112	1991	6/16/2016
Restaurants - Family Dining	Mankato	MN	{f}		700		585		—				—				700		585		1,285		97	1992	6/16/2016
Restaurants - Casual Dining	Omaha	NE	{f}		465		1,184		(203	)	(g)		(498	)	(g)		262		686		948		126	1979	6/16/2016
Restaurants - Family Dining	Merrillville	IN	{f}		797		322		—				—				797		322		1,119		41	1977	6/16/2016
Restaurants - Family Dining	Blaine	MN	{f}		609		780		—				—		`		609		780		1,389		102	1978	6/16/2016
Restaurants - Family Dining	Green Bay	WI	{f}		549		373		—				—				549		373		922		69	1977	6/16/2016
Restaurants - Family Dining	Appleton	WI	{f}		441		590		—				—				441		590		1,031		87	1977	6/16/2016
Restaurants - Family Dining	Waterloo	IA	{f}		466		391		—				—				466		391		857		66	1978	6/16/2016
Restaurants - Family Dining	St. Joseph	MO	{f}		559		371		—				—				559		371		930		63	1978	6/16/2016
Restaurants - Family Dining	Gladstone	MO	{f}		479		783		—				—				479		783		1,262		99	1979	6/16/2016
Restaurants - Family Dining	Brainerd	MN	{f}		761		547		—				—				761		547		1,308		80	1990	6/16/2016
Restaurants - Family Dining	Cedar Rapids	IA	{f}		804		563		—				—				804		563		1,367		80	1994	6/16/2016
Restaurants - Family Dining	Brooklyn Park	MN	{f}		725		693		—				—				725		693		1,418		102	1997	6/16/2016
Restaurants - Quick Service	Pontiac	MI	{f}		316		423		—				—				316		423		739		61	2003	6/16/2016
Restaurants - Quick Service	Troy	MI			674		—		—				—				674		—		674		—		6/16/2016
Restaurants - Quick Service	The Woodlands	TX	{f}		—		—		—				—				—		—		—		—	2001	6/16/2016
Restaurants - Quick Service	Ellsworth	ME			37		51		—				—				37		51		88		69	1979	6/16/2016
Restaurants - Quick Service	Clay	NY	{f}		129		413		—				—				129		413		542		236	1991	6/16/2016
Restaurants - Quick Service	Buna	TX	{f}		152		138		—				—				152		138		290		21	1976	6/16/2016
Restaurants - Quick Service	Carthage	TX	{f}		111		239		—				—				111		239		350		32	1975	6/16/2016

Description(a)				Initial Cost to Company				Cost Capitalized Subsequent to Acquisition				Gross Amount at December 31, 2019(b)(c)						Accumulated
Tenant Industry	City	State	Encumbrances	Land & Improvements		Building & Improvements		Land & Improvements		Building & Improvements		Land & Improvements		Building & Improvements		Total		Depreciation (d)(e)		Year Constructed	Date Acquired
Restaurants - Quick Service	Dayton	TX	{f}	$	195	$	174	$	—	$	—	$	195	$	174	$	369	$	24	1969	6/16/2016
Restaurants - Quick Service	Diboll	TX	{f}		92		177		—		—		92		177		269		24	1990	6/16/2016
Restaurants - Quick Service	Huntington	TX	{f}		120		180		—		—		120		180		300		31	1980	6/16/2016
Restaurants - Quick Service	Huntsville	TX	{f}		120		290		—		—		120		290		410		34	1985	6/16/2016
Restaurants - Quick Service	Jasper	TX	{f}		111		209		—		—		111		209		320		27	1992	6/16/2016
Restaurants - Quick Service	Kountze	TX	{f}		120		290		—		—		120		290		410		34	1995	6/16/2016
Restaurants - Quick Service	Rusk	TX	{f}		129		142		—		—		129		142		271		23	1989	6/16/2016
Restaurants - Quick Service	Sour Lake	TX	{f}		204		114		—		—		204		114		318		21	1978	6/16/2016
Restaurants - Quick Service	Vernon	CT			155		208		—		—		155		208		363		54	1983	6/16/2016
Restaurants - Quick Service	Battle Creek	MI	{f}		114		690		—		—		114		690		804		76	1969	6/16/2016
Restaurants - Quick Service	Mt Clemens	MI	{f}		446		394		—		—		446		394		840		74	1989	6/16/2016
Restaurants - Quick Service	Clio	MI	{f}		350		889		—		—		350		889		1,239		104	1991	6/16/2016
Restaurants - Quick Service	Charlotte	MI	{f}		190		722		—		—		190		722		912		79	1991	6/16/2016
Restaurants - Quick Service	St. Johns	MI	{f}		218		403		—		—		218		403		621		60	1991	6/16/2016
Automotive Service	Burnsville	MN			734		309		180		6		914		315		1,229		61	1973	6/16/2016
Restaurants - Family Dining	Albert Lea	MN	{f}		337		463		—		—		337		463		800		73	1975	6/16/2016
Restaurants - Family Dining	Crystal	MN	{f}		821		178		—		—		821		178		999		44	1975	6/16/2016
Restaurants - Casual Dining	West Monroe	LA	{f}		343		94		—		—		343		94		437		19	1988	6/16/2016
Restaurants - Quick Service	Greenfield	WI	{f}		556		789		—		—		556		789		1,345		98	1983	6/16/2016
Restaurants - Casual Dining	Desoto	TX	{f}		728		156		—		—		728		156		884		29	1985	6/16/2016
Restaurants - Quick Service	West Berlin	NJ			250		399		—		—		250		399		649		57	1992	6/16/2016
Restaurants - Quick Service	Redford	MI			479		—		—		—		479		-		479		—		6/16/2016
Restaurants - Quick Service	Bridgeport	MI			309		619		—		—		309		619		928		88	1989	6/16/2016
Restaurants - Quick Service	College Station	TX	{f}		383		569		—		—		383		569		952		63	1984	6/16/2016
Restaurants - Quick Service	Birmingham	AL	{f}		261		780		—		—		261		780		1,041		86	2000	6/16/2016
Restaurants - Quick Service	Oneonta	AL	{f}		220		485		—		—		220		485		705		56	1993	6/16/2016
Restaurants - Quick Service	Union City	GA	{f}		416		746		—		—		416		746		1,162		86	1976	6/16/2016
Restaurants - Quick Service	Marietta	GA	{f}		214		618		—		—		214		618		832		68	1979	6/16/2016
Restaurants - Quick Service	Vicksburg	MS	{f}		203		627		—		—		203		627		830		68	1979	6/16/2016
Restaurants - Quick Service	Riverdale	GA	{f}		309		584		—		—		309		584		893		67	1978	6/16/2016
Restaurants - Quick Service	Snellville	GA	{f}		242		484		—		—		242		484		726		58	1981	6/16/2016
Restaurants - Quick Service	Trussville	AL	{f}		243		480		—		—		243		480		723		56	1996	6/16/2016
Restaurants - Quick Service	Forest Park	GA	{f}		233		341		—		—		233		341		574		39	1988	6/16/2016
Restaurants - Quick Service	Decatur	GA	{f}		239		714		—		—		239		714		953		78	1982	6/16/2016
Restaurants - Quick Service	Monroe	GA	{f}		302		733		—		—		302		733		1,035		82	1985	6/16/2016
Restaurants - Quick Service	Decatur	GA	{f}		292		463		—		—		292		463		755		50	1983	6/16/2016
Restaurants - Quick Service	Columbia	SC	{f}		241		461		—		—		241		461		702		58	1981	6/16/2016
Restaurants - Quick Service	Decatur	GA	{f}		302		721		—		—		302		721		1,023		81	1986	6/16/2016
Restaurants - Quick Service	Conyers	GA	{f}		330		767		—		—		330		767		1,097		87	1982	6/16/2016
Restaurants - Quick Service	Stockbridge	GA	{f}		396		771		—		—		396		771		1,167		83	1975	6/16/2016
Restaurants - Quick Service	Lawrenceville	GA	{f}		306		550		—		—		306		550		856		68	1988	6/16/2016
Restaurants - Quick Service	Lithonia	GA	{f}		290		606		—		—		290		606		896		67	1979	6/16/2016
Restaurants - Quick Service	Tucker	GA	{f}		339		586		—		—		339		586		925		67	1976	6/16/2016
Restaurants - Quick Service	Covington	GA	{f}		379		722		—		—		379		722		1,101		84	1979	6/16/2016
Restaurants - Quick Service	Columbus	GA	{f}		174		442		—		—		174		442		616		50	1987	6/16/2016
Restaurants - Quick Service	Owensboro	KY	{f}		263		155		—		754		263		909		1,172		23	1986	6/16/2016
Restaurants - Quick Service	Tupelo	MS	{f}		731		329		—		—		731		329		1,060		46	2000	6/16/2016
Restaurants - Quick Service	New Albany	MS	{f}		295		346		—		—		295		346		641		41	1993	6/16/2016
Restaurants - Quick Service	Parkersburg	WV	{f}		185		570		—		—		185		570		755		66	1976	6/16/2016
Restaurants - Quick Service	Ashland	KY	{f}		279		858		—		—		279		858		1,137		100	1979	6/16/2016
Restaurants - Quick Service	Huntington	WV	{f}		223		539		—		—		223		539		762		63	1979	6/16/2016

Description(a)				Initial Cost to Company				Cost Capitalized Subsequent to Acquisition				Gross Amount at December 31, 2019(b)(c)						Accumulated
Tenant Industry	City	State	Encumbrances	Land & Improvements		Building & Improvements		Land & Improvements		Building & Improvements		Land & Improvements		Building & Improvements		Total		Depreciation (d)(e)		Year Constructed	Date Acquired
Restaurants - Quick Service	North Little Rock	AR	{f}	$	190	$	450	$	—	$	—	$	190	$	450	$	640	$	57	1978	6/16/2016
Restaurants - Quick Service	Jackson	MS	{f}		400		348		—		—		400		348		748		43	1981	6/16/2016
Restaurants - Quick Service	Madison	TN	{f}		281		458		—		—		281		458		739		51	1988	6/16/2016
Restaurants - Quick Service	Little Rock	AR	{f}		169		48		—		15		169		63		232		16	1979	6/16/2016
Restaurants - Quick Service	Hurricane	WV	{f}		238		485		—		—		238		485		723		56	1981	6/16/2016
Restaurants - Quick Service	Parkersburg	WV	{f}		261		513		—		—		261		513		774		63	1982	6/16/2016
Restaurants - Quick Service	Chattanooga	TN	{f}		407		465		—		—		407		465		872		56	1983	6/16/2016
Restaurants - Quick Service	Knoxville	TN	{f}		352		347		—		—		352		347		699		41	1981	6/16/2016
Restaurants - Quick Service	Jacksonville	NC	{f}		284		152		—		878		284		1,030		1,314		24	1986	6/16/2016
Restaurants - Quick Service	Knoxville	TN	{f}		394		271		—		—		394		271		665		35	1982	6/16/2016
Restaurants - Quick Service	Forestdale	AL	{f}		241		613		—		—		241		613		854		69	1975	6/16/2016
Restaurants - Quick Service	Louisville	KY	{f}		319		238		—		739		319		977		1,296		34	1988	6/16/2016
Restaurants - Quick Service	Festus	MO	{f}		195		802		—		—		195		802		997		88	1979	6/16/2016
Restaurants - Quick Service	Jacksonville	FL	{f}		330		542		—		—		330		542		872		66	1976	6/16/2016
Restaurants - Quick Service	Jacksonville	FL	{f}		220		701		—		—		220		701		921		84	1979	6/16/2016
Restaurants - Quick Service	Winter Garden	FL	{f}		326		383		—		—		326		383		709		49	1987	6/16/2016
Restaurants - Quick Service	Sanford	FL	{f}		350		375		—		—		350		375		725		53	1986	6/16/2016
Restaurants - Quick Service	Lebanon	TN	{f}		311		736		—		—		311		736		1,047		98	1974	6/16/2016
Restaurants - Quick Service	Prattville	AL	{f}		551		524		—		—		551		524		1,075		64	1978	6/16/2016
Restaurants - Quick Service	Calhoun	GA	{f}		346		673		—		—		346		673		1,019		79	1979	6/16/2016
Restaurants - Quick Service	Mableton	GA	{f}		152		366		—		—		152		366		518		45	1977	6/16/2016
Restaurants - Quick Service	Brunswick	GA	{f}		532		137		—		—		532		137		669		23	1995	6/16/2016
Restaurants - Quick Service	Summerville	SC	{f}		215		720		—		—		215		720		935		85	1978	6/16/2016
Restaurants - Quick Service	Thomaston	GA	{f}		193		364		—		—		193		364		557		48	1987	6/16/2016
Restaurants - Quick Service	Smyrna	GA	{f}		392		311		—		—		392		311		703		41	1981	6/16/2016
Restaurants - Quick Service	Smyrna	TN	{f}		221		556		—		—		221		556		777		64	1982	6/16/2016
Restaurants - Quick Service	Tullahoma	TN	{f}		226		701		—		—		226		701		927		85	1975	6/16/2016
Restaurants - Quick Service	Shelbyville	TN	{f}		323		456		—		—		323		456		779		55	1976	6/16/2016
Restaurants - Quick Service	Dallas	GA	{f}		260		832		—		—		260		832		1,092		102	1985	6/16/2016
Restaurants - Quick Service	North Charleston	SC	{f}		121		459		—		—		121		459		580		53	1990	6/16/2016
Restaurants - Quick Service	LaGrange	GA	{f}		207		562		—		—		207		562		769		67	1985	6/16/2016
Restaurants - Quick Service	Cullman	AL	{f}		260		723		—		—		260		723		983		88	1999	6/16/2016
Restaurants - Quick Service	Batesville	MS	{f}		125		551		—		—		125		551		676		64	1992	6/16/2016
Restaurants - Quick Service	Phenix City	AL	{f}		273		665		—		—		273		665		938		85	1979	6/16/2016
Restaurants - Quick Service	Montgomery	AL	{f}		333		349		—		—		333		349		682		46	1986	6/16/2016
Restaurants - Quick Service	Starke	FL	{f}		240		468		—		—		240		468		708		60	1980	6/16/2016
Restaurants - Quick Service	Madisonville	KY	{f}		302		426		—		—		302		426		728		53	1976	6/16/2016
Restaurants - Quick Service	Marietta	OH	{f}		175		506		—		—		175		506		681		58	1979	6/16/2016
Restaurants - Quick Service	Hueytown	AL	{f}		133		711		—		—		133		711		844		82	1979	6/16/2016
Restaurants - Quick Service	Gallipolis	OH	{f}		247		722		—		—		247		722		969		88	1979	6/16/2016
Restaurants - Quick Service	Valdosta	GA	{f}		236		545		—		—		236		545		781		63	1980	6/16/2016
Restaurants - Quick Service	Douglas	GA	{f}		243		557		—		—		243		557		800		65	1979	6/16/2016
Restaurants - Quick Service	Fayetteville	GA	{f}		300		506		—		—		300		506		806		60	1984	6/16/2016
Restaurants - Quick Service	Troy	AL	{f}		183		520		—		—		183		520		703		61	1985	6/16/2016
Restaurants - Quick Service	Wetumpka	AL	{f}		273		416		—		—		273		416		689		52	1986	6/16/2016
Restaurants - Quick Service	St. Albans	WV	{f}		154		491		—		—		154		491		645		56	1975	6/16/2016
Restaurants - Quick Service	Huntington	WV	{f}		233		540		—		—		233		540		773		63	1992	6/16/2016
Restaurants - Quick Service	Newburgh	NY	{f}		913		738		—		—		913		738		1,651		121	1975	6/16/2016
Restaurants - Quick Service	Erie	PA	{f}		444		562		—		—		444		562		1,006		88	1977	6/16/2016
Restaurants - Quick Service	Dickson	TN	{f}		292		79		—		29		292		108		400		19	1977	6/16/2016
Restaurants - Quick Service	South Daytona	FL	{f}		416		668		—		—		416		668		1,084		86	1984	6/16/2016
Restaurants - Quick Service	Milford	NH	{f}		409		355		—		—		409		355		764		53	1993	6/16/2016

Description(a)				Initial Cost to Company				Cost Capitalized Subsequent to Acquisition								Gross Amount at December 31, 2019(b)(c)						Accumulated
Tenant Industry	City	State	Encumbrances	Land & Improvements		Building & Improvements		Land & Improvements				Building & Improvements				Land & Improvements		Building & Improvements		Total		Depreciation (d)(e)		Year Constructed	Date Acquired
Restaurants - Quick Service	Portland	OR	{f}	$	252	$	131	$	—			$	—			$	252	$	131	$	383	$	22	2015	6/16/2016
Restaurants - Quick Service	Superior	CO	{f}		370		434		—				—				370		434		804		56	2002	6/16/2016
Restaurants - Casual Dining	Fond du Lac	WI	{f}		521		1,197		—				—				521		1,197		1,718		107	1996	6/16/2016
Restaurants - Casual Dining	Alexandria	LA	{f}		837		889		—				—				837		889		1,726		147	1994	6/16/2016
Medical / Dental	Hurst	TX	{f}		1,462		1,493		—				300				1,462		1,793		3,255		220	1997	6/16/2016
Restaurants - Quick Service	Jacksonville	FL	{f}		872		354		—				—				872		354		1,226		44	2006	6/16/2016
Restaurants - Casual Dining	Fleming Island	FL	{f}		586		355		—				—				586		355		941		42	2006	6/16/2016
Restaurants - Casual Dining	Port St. Lucie	FL	{f}		930		1,510		—				—				930		1,510		2,440		189	1988	6/16/2016
Restaurants - Casual Dining	Waycross	GA	{f}		861		1,700		—				—				861		1,700		2,561		196	1994	6/16/2016
Restaurants - Casual Dining	Kingsland	GA	{f}		602		1,256		—				—				602		1,256		1,858		155	1995	6/16/2016
Restaurants - Casual Dining	Jacksonville	FL	{f}		821		1,215		—				—				821		1,215		2,036		165	1995	6/16/2016
Restaurants - Casual Dining	North Fort Myers	FL	{f}		1,060		1,817		—				—				1,060		1,817		2,877		203	1994	6/16/2016
Restaurants - Casual Dining	Port Charlotte	FL	{f}		1,021		850		(95	)	(g)		(79	)	(g)		926		771		1,697		105	1995	6/16/2016
Restaurants - Casual Dining	Cape Coral	FL	{f}		741		1,692		—				—				741		1,692		2,433		195	1996	6/16/2016
Restaurants - Casual Dining	Panama City Beach	FL	{f}		750		959		—				—				750		959		1,709		122	1999	6/16/2016
Restaurants - Casual Dining	Dothan	AL	{f}		577		1,144		—				—				577		1,144		1,721		136	1993	6/16/2016
Restaurants - Casual Dining	Albany	GA	{f}		731		1,249		—				—				731		1,249		1,980		143	1991	6/16/2016
Restaurants - Casual Dining	Panama City	FL	{f}		539		1,389		—				—				539		1,389		1,928		148	1991	6/16/2016
Restaurants - Casual Dining	Valdosta	GA	{f}		626		957		—				—				626		957		1,583		122	1994	6/16/2016
Restaurants - Casual Dining	Gainesville	FL	{f}		193		1,930		—				—				193		1,930		2,123		187	1994	6/16/2016
Restaurants - Casual Dining	Panama City	FL	{f}		673		1,044		50				—				723		1,044		1,767		165	1999	6/16/2016
Restaurants - Casual Dining	Thomasville	GA	{f}		943		580		—				—				943		580		1,523		96	2002	6/16/2016
Restaurants - Family Dining	Leesburg	FL	{f}		808		720		—				—				808		720		1,528		130	2007	6/16/2016
N/A	San Antonio	TX			105		—		—				—				105		—		105		—		6/16/2016
Restaurants - Quick Service	Augusta	GA	{f}		272		26		—				(26	)			272		—		272		20		6/16/2016
Restaurants - Quick Service	Warner Robins	GA	{f}		130		174		—				—				130		174		304		28	1975	6/16/2016
Restaurants - Quick Service	Beloit	WI	{f}		144		1,134		—				—				144		1,134		1,278		115	1999	6/16/2016
Automotive Service	Spring	TX	{f}		805		1,577		—				—				805		1,577		2,382		181	2013	8/4/2016
Home Furnishings	Frisco	TX	{f}		2,224		4,779		—				—				2,224		4,779		7,003		436	2006	8/19/2016
Home Furnishings	Fort Worth	TX	{f}		1,348		7,847		—				—				1,348		7,847		9,195		717	2007	8/19/2016
Convenience Stores	Binghamton	NY	{f}		273		1,008		—				—				273		1,008		1,281		133	1970	8/22/2016
Convenience Stores	Windsor	NY	{f}		272		1,101		—				—				272		1,101		1,373		146	1980	8/22/2016
Convenience Stores	Greene	NY	{f}		557		1,974		—				—				557		1,974		2,531		261	1989	8/22/2016
Convenience Stores	Afton	NY	{f}		348		1,303		—				—				348		1,303		1,651		172	1994	8/22/2016
Convenience Stores	Lansing	NY	{f}		861		3,034		—				—				861		3,034		3,895		402	2010	8/22/2016
Convenience Stores	Freeville	NY	{f}		524		1,457		—				—				524		1,457		1,981		193	1994	8/22/2016
Convenience Stores	Marathon	NY	{f}		520		2,127		—				—				520		2,127		2,647		281	1995	8/22/2016
Convenience Stores	New Hartford	NY	{f}		301		863		—				—				301		863		1,164		114	1995	8/22/2016
Convenience Stores	Chadwicks	NY	{f}		213		784		—				—				213		784		997		104	1987	8/22/2016
Convenience Stores	Liberty	NY	{f}		219		811		—				—				219		811		1,030		107	2004	8/22/2016
Convenience Stores	Earlville	NY	{f}		258		985		—				—				258		985		1,243		130	1997	8/22/2016
Convenience Stores	Vestal	NY	{f}		324		1,285		—				—				324		1,285		1,609		170	1996	8/22/2016
Convenience Stores	Delhi	NY	{f}		275		1,066		—				—				275		1,066		1,341		141	1992	8/22/2016
Convenience Stores	Franklin	NY	{f}		423		774		—				—				423		774		1,197		102	1998	8/22/2016
Convenience Stores	Endicott	NY	{f}		188		576		—				—				188		576		764		76	1995	8/22/2016
Convenience Stores	Davenport	NY	{f}		324		1,194		—				—				324		1,194		1,518		158	1993	8/22/2016
Restaurants - Family Dining	Salem	NH			131		232		—				—				131		232		363		103	1998	9/16/2016
Restaurants - Quick Service	Mansfield	OH			91		112		(52	)	(g)		(69	)	(g)		39		43		82		65	1988	9/16/2016
Other Services	Anniston	AL	{f}		312		176		—				—				312		176		488		34	1992	9/16/2016
Early Childhood Education	Cumming	GA	{f}		876		2,357		—				—				876		2,357		3,233		241	2001	9/30/2016

Description(a)				Initial Cost to Company				Cost Capitalized Subsequent to Acquisition								Gross Amount at December 31, 2019(b)(c)						Accumulated
Tenant Industry	City	State	Encumbrances	Land & Improvements		Building & Improvements		Land & Improvements				Building & Improvements				Land & Improvements		Building & Improvements		Total		Depreciation (d)(e)		Year Constructed	Date Acquired
Early Childhood Education	Suwanee	GA	{f}	$	922	$	2,108	$	—			$	—			$	922	$	2,108	$	3,030	$	216	2009	9/30/2016
Medical / Dental	Fort Worth	TX			1,617		—		99		(g)		4,185		(g)		1,716		4,185		5,901		244	2017	10/12/2016
Car Washes	Acworth	GA	{f}		1,346		2,615		—				—				1,346		2,615		3,961		258	2006	10/17/2016
Car Washes	Douglasville	GA	{f}		1,974		2,882		—				—				1,974		2,882		4,856		284	2006	10/17/2016
Car Washes	Hiram	GA	{f}		1,376		2,947		—				—				1,376		2,947		4,323		290	2004	10/17/2016
Car Washes	Marietta	GA	{f}		1,302		2,136		—				—				1,302		2,136		3,438		211	2002	10/17/2016
Medical / Dental	Port Charlotte	FL	{f}		1,820		2,072		—				—				1,820		2,072		3,892		227	2000	10/20/2016
Automotive Service	Lackawanna	NY	{f}		231		232		—				—				231		232		463		25	1987	10/28/2016
Automotive Service	Cheektowaga	NY	{f}		367		509		—				—				367		509		876		54	1978	10/28/2016
Automotive Service	Amherst	NY	{f}		410		606		—				—				410		606		1,016		64	1998	10/28/2016
Automotive Service	Niagara Falls	NY	{f}		615		1,025		—				—				615		1,025		1,640		109	1985	10/28/2016
Automotive Service	Williamsville	NY	{f}		419		1,302		—				—				419		1,302		1,721		138	1988	10/28/2016
Automotive Service	Dunkirk	NY	{f}		255		187		—				—				255		187		442		20	1980	10/28/2016
Car Washes	Tucson	AZ	{f}		1,048		2,190		—				—				1,048		2,190		3,238		210	2010	11/9/2016
Restaurants - Quick Service	Burlington	IA	{f}		444		1,171		—				—				444		1,171		1,615		131	1976	11/15/2016
Restaurants - Quick Service	Cedar Rapids	IA	{f}		436		1,179		—				—				436		1,179		1,615		132	1991	11/15/2016
Restaurants - Quick Service	Muscatine	IA	{f}		264		854		—				—				264		854		1,118		96	1993	11/15/2016
Restaurants - Quick Service	Fort Madison	IA	{f}		304		1,284		—				—				304		1,284		1,588		144	1987	11/15/2016
Restaurants - Quick Service	Waterloo	IA	{f}		344		846		—				—				344		846		1,190		95	1982	11/15/2016
Restaurants - Quick Service	Cedar Falls	IA	{f}		375		771		—				—				375		771		1,146		86	2004	11/15/2016
Restaurants - Quick Service	Nebraska City	NE	{f}		363		748		—				—				363		748		1,111		84	2014	11/15/2016
Restaurants - Quick Service	Plattsmouth	NE	{f}		304		1,302		—				—				304		1,302		1,606		146	1999	11/15/2016
Restaurants - Quick Service	Red Oak	IA	{f}		254		1,010		—				—				254		1,010		1,264		113	2000	11/15/2016
Movie Theatres	Florence	AL	{f}		1,519		6,294		117				—				1,636		6,294		7,930		629	2015	12/19/2016
Restaurants - Quick Service	Baden	PA			191		245		(133	)	(g)		(187	)	(g)		58		58		116		97	1962	12/28/2016
Restaurants - Casual Dining	Gardendale	AL	{f}		589		1,984		—				—				589		1,984		2,573		187	2005	12/29/2016
Restaurants - Casual Dining	Jasper	AL	{f}		468		2,144		—				—				468		2,144		2,612		190	2005	12/29/2016
Restaurants - Casual Dining	Homewood	AL	{f}		808		1,233		—				—				808		1,233		2,041		125	1976	12/29/2016
Medical / Dental	Stevenson	AL	{f}		191		466		—				—				191		466		657		51	1990	12/30/2016
Medical / Dental	Tucson	AZ	{f}		323		780		—				—				323		780		1,103		65	1967	12/30/2016
Medical / Dental	Miami	FL	{f}		485		982		—				—				485		982		1,467		78	1981	12/30/2016
Medical / Dental	Sarasota	FL	{f}		323		557		—				—				323		557		880		52	1973	12/30/2016
Medical / Dental	Sarasota	FL	{f}		485		446		—				—				485		446		931		48	2001	12/30/2016
Medical / Dental	Dalton	GA	{f}		323		406		—				—				323		406		729		55	1960	12/30/2016
Medical / Dental	Alton	IL	{f}		252		568		—				—				252		568		820		65	2001	12/30/2016
Medical / Dental	Quincy	IL	{f}		272		608		—				—				272		608		880		68	2001	12/30/2016
Medical / Dental	Clarksville	IN	{f}		657		1,033		—				—				657		1,033		1,690		108	1994	12/30/2016
Medical / Dental	Terre Haute	IN	{f}		292		325		—				—				292		325		617		40	1998	12/30/2016
Medical / Dental	Brewster	MA	{f}		60		578		—				—				60		578		638		45	1986	12/30/2016
Medical / Dental	Kansas City	MO	{f}		333		568		—				—				333		568		901		63	1979	12/30/2016
Medical / Dental	Laurel	MS	{f}		100		1,033		—				—				100		1,033		1,133		85	1970	12/30/2016
Medical / Dental	Picayune	MS	{f}		70		517		—				—				70		517		587		45	1977	12/30/2016
Medical / Dental	Rochester	NH	{f}		181		426		—				—				181		426		607		42	1958	12/30/2016
Medical / Dental	Canandaigua	NY	{f}		70		527		—				—				70		527		597		44	2009	12/30/2016
Medical / Dental	Anderson	SC	{f}		211		487		—				—				211		487		698		42	1948	12/30/2016
Medical / Dental	Camden	SC	{f}		211		537		—				—				211		537		748		54	1985	12/30/2016
Medical / Dental	Columbia	SC	{f}		211		426		—				—				211		426		637		42	1986	12/30/2016
Medical / Dental	Austin	TX	{f}		242		375		—				—				242		375		617		42	1970	12/30/2016
Medical / Dental	Richmond	TX	{f}		495		446		—				—				495		446		941		58	1982	12/30/2016
Medical / Dental	Terrell Hills	TX	{f}		282		588		—				—				282		588		870		52	2002	12/30/2016
Health and Fitness	West Valley City	UT	{f}		1,936		4,210		—				—				1,936		4,210		6,146		361	1984	12/30/2016
Medical / Dental	Rock Springs	WY	{f}		620		2,550		—				—				620		2,550		3,170		222	2001	1/17/2017

Description(a)				Initial Cost to Company				Cost Capitalized Subsequent to Acquisition								Gross Amount at December 31, 2019(b)(c)						Accumulated
Tenant Industry	City	State	Encumbrances	Land & Improvements		Building & Improvements		Land & Improvements				Building & Improvements				Land & Improvements		Building & Improvements		Total		Depreciation (d)(e)		Year Constructed	Date Acquired
Car Washes	Conyers	GA	{f}	$	1,136	$	4,332	$	—			$	—			$	1,136	$	4,332	$	5,468	$	410	2013	1/24/2017
Car Washes	Covington	GA	{f}		824		3,759		—				—				824		3,759		4,583		368	2011	1/24/2017
Movie Theatres	North Myrtle Beach	SC	{f}		1,465		7,081		—				—				1,465		7,081		8,546		546	2006	1/31/2017
Medical / Dental	Bridgeton	MO	{f}		199		578		—				—				199		578		777		50	1982	2/9/2017
Medical / Dental	Mokena	IL	{f}		237		303		—				—				237		303		540		45	2008	2/9/2017
Medical / Dental	Lexington	KY	{f}		199		474		—				—				199		474		673		46	2014	2/9/2017
Medical / Dental	Islip Terrace	NY	{f}		313		436		—				—				313		436		749		40	1986	2/9/2017
Early Childhood Education	Alpharetta	GA	{f}		1,595		4,177		—				—				1,595		4,177		5,772		383	2016	2/28/2017
Home Furnishings	Westland	MI	{f}		1,858		14,560		—				—				1,858		14,560		16,418		1,127	1987	3/1/2017
Home Furnishings	Ann Arbor	MI	{f}		2,096		13,399		—				—				2,096		13,399		15,495		1,013	1992	3/1/2017
Home Furnishings	Muskegon	MI	{f}		1,113		6,436		—				—				1,113		6,436		7,549		499	1987	3/1/2017
Home Furnishings	Battle Creek	MI	{f}		1,212		7,904		—				—				1,212		7,904		9,116		629	1996	3/1/2017
Automotive Service	Frisco	TX	{f}		1,279		1,314		—				—				1,279		1,314		2,593		131	2003	3/8/2017
Automotive Service	Grapevine	TX	{f}		1,244		1,396		—				—				1,244		1,396		2,640		139	2001	3/8/2017
Automotive Service	Prosper	TX	{f}		1,161		2,534		—				—				1,161		2,534		3,695		224	2010	3/8/2017
Automotive Service	Southlakle	TX	{f}		657		997		—				—				657		997		1,654		93	2002	3/8/2017
Automotive Service	Lakeway	TX	{f}		774		1,678		—				—				774		1,678		2,452		145	1998	3/8/2017
Restaurants - Quick Service	Cedartown	GA	{f}		258		812		—				—				258		812		1,070		71	1987	3/9/2017
Restaurants - Quick Service	Forsyth	GA	{f}		464		808		—				—				464		808		1,272		71	1989	3/9/2017
Convenience Stores	Alpena	AR	{f}		252		703		—				—				252		703		955		79	1985	3/10/2017
Convenience Stores	Topeka	KS	{f}		603		1,584		—				—				603		1,584		2,187		178	2008	3/10/2017
Car Washes	Bossier City	LA	{f}		463		2,637		—				—				463		2,637		3,100		213	2010	3/22/2017
Car Washes	Shreveport	LA	{f}		836		2,812		—				—				836		2,812		3,648		239	2012	3/22/2017
Automotive Service	New Freedom	PA	{f}		904		872		—				—				904		872		1,776		89	1997	3/28/2017
Car Washes	Huntingtown	MD	{f}		984		1,857		—				—				984		1,857		2,841		166	1998	3/28/2017
Automotive Service	Gambrills	MD	{f}		2,461		6,139		—				—				2,461		6,139		8,600		466	2009	3/28/2017
Convenience Stores	Tyler	TX	{f}		404		1,433		—				—				404		1,433		1,837		156	1980	3/30/2017
Convenience Stores	Atlanta	TX	{f}		392		1,204		(13	)	(g)		(155	)	(g)		379		1,049		1,428		124	1995	3/30/2017
Early Childhood Education	Kernersville	NC	{f}		605		1,408		—				—				605		1,408		2,013		120	1997	4/3/2017
Early Childhood Education	San Antonio	TX	{f}		928		3,312		—				—				928		3,312		4,240		254	2016	4/25/2017
Medical / Dental	Payson	AZ	{f}		548		1,944		—				—				548		1,944		2,492		146	1988	4/28/2017
Medical / Dental	Brownsville	TX			1,626		—		982				7,743				2,608		7,743		10,351		324	2018	5/5/2017
Medical / Dental	Katy	TX			233		1,228		—				—				233		1,228		1,461		88	2012	5/18/2017
Medical / Dental	Baytown	TX			286		1,790		—				—				286		1,790		2,076		127	2008	5/18/2017
Car Washes	Las Cruces	NM	{f}		510		2,290		—				—				510		2,290		2,800		184	2008	5/24/2017
Car Washes	Las Cruces	NM	{f}		570		2,187		—				—				570		2,187		2,757		176	2010	5/24/2017
Restaurants - Quick Service	Inverness	FL			382		493		—				—				382		493		875		56	2003	5/30/2017
Building Materials	Columbia Station	OH	{f}		1,078		1,437		—				—				1,078		1,437		2,515		131	1961	6/1/2017
Building Materials	Maumee	OH	{f}		733		1,238		—				—				733		1,238		1,971		113	1963	6/1/2017
Building Materials	Troy	OH	{f}		403		693		—				—				403		693		1,096		63	1991	6/1/2017
Building Materials	Jackson	OH	{f}		288		211		—				—				288		211		499		19	1995	6/1/2017
Building Materials	Lancaster	OH	{f}		376		833		—				—				376		833		1,209		76	1995	6/1/2017
Building Materials	Portsmouth	OH	{f}		133		160		—				—				133		160		293		15	1996	6/1/2017
Building Materials	Bridgeport	WV	{f}		386		273		—				—				386		273		659		25	1978	6/1/2017
Building Materials	Radcliff	KY	{f}		414		200		—				—				414		200		614		18	1984	6/1/2017
Building Materials	Gainesville	FL	{f}		934		638		—				—				934		638		1,572		58	2003	6/1/2017
Building Materials	Cartersville	GA	{f}		1,313		1,743		—				—				1,313		1,743		3,056		159	2003	6/1/2017
Building Materials	Douglasville	GA	{f}		1,026		2,421		—				—				1,026		2,421		3,447		221	2004	6/1/2017
Building Materials	El Paso	TX	{f}		901		177		—				—				901		177		1,078		16	1984	6/1/2017
Building Materials	Garland	TX	{f}		1,250		2,283		—				—				1,250		2,283		3,533		209	2001	6/1/2017

Description(a)				Initial Cost to Company				Cost Capitalized Subsequent to Acquisition				Gross Amount at December 31, 2019(b)(c)						Accumulated
Tenant Industry	City	State	Encumbrances	Land & Improvements		Building & Improvements		Land & Improvements		Building & Improvements		Land & Improvements		Building & Improvements		Total		Depreciation (d)(e)		Year Constructed	Date Acquired
Building Materials	Conroe	TX	{f}	$	2,150	$	631	$	—	$	—	$	2,150	$	631	$	2,781	$	58	2002	6/1/2017
Building Materials	Amarillo	TX	{f}		927		655		—		—		927		655		1,582		60	2002	6/1/2017
Building Materials	Grand Junction	CO	{f}		760		403		—		—		760		403		1,163		37	1983	6/1/2017
Building Materials	Mt. Pleasant	SC	{f}		1,097		171		—		—		1,097		171		1,268		16	1983	6/1/2017
Building Materials	Irondale	AL	{f}		546		227		—		—		546		227		773		21	1975	6/1/2017
Building Materials	Bessemer	AL	{f}		1,514		3,413		—		—		1,514		3,413		4,927		312	2002	6/1/2017
Car Washes	Farmington	NM	{f}		634		4,945		—		—		634		4,945		5,579		398	2005	6/6/2017
Car Washes	Farmington	NM	{f}		746		2,795		—		—		746		2,795		3,541		225	2013	6/6/2017
Car Washes	Pueblo	CO	{f}		898		5,103		—		—		898		5,103		6,001		410	2008	6/6/2017
Restaurants - Quick Service	Nashville	GA			181		513		—		—		181		513		694		49	1991	6/6/2017
Restaurants - Quick Service	Soperton	GA			312		443		—		—		312		443		755		51	1992	6/6/2017
Movie Theatres	Kenosha	WI	{f}		3,159		3,755		116		—		3,275		3,755		7,030		362	1997	6/8/2017
Entertainment	Visalia	CA	{f}		1,320		2,320		—		—		1,320		2,320		3,640		202	1984	6/30/2017
Automotive Service	Knoxville	TN	{f}		518		695		—		—		518		695		1,213		72	2008	7/21/2017
Automotive Service	Forest Park	GA	{f}		498		850		—		—		498		850		1,348		80	1992	7/21/2017
Automotive Service	Martinez	GA	{f}		612		570		—		—		612		570		1,182		68	1992	7/21/2017
Automotive Service	Clarksville	TN	{f}		498		633		—		—		498		633		1,131		63	1998	7/21/2017
Automotive Service	Ocala	FL	{f}		518		715		—		—		518		715		1,233		75	1989	7/21/2017
Automotive Service	Orlando	FL	{f}		456		664		—		—		456		664		1,120		62	1989	7/21/2017
Medical / Dental	Montgomery	AL			477		2,976		—		—		477		2,976		3,453		202	2001	8/7/2017
Restaurants - Quick Service	Algona	IA			150		528		—		—		150		528		678		45	1993	8/10/2017
Car Washes	Buford	GA	{f}		1,353		3,693		—		—		1,353		3,693		5,046		297	2010	8/15/2017
Early Childhood Education	Orlando	FL			1,175		4,362		—		—		1,175		4,362		5,537		291	2010	8/25/2017
Automotive Service	Garden City	MI			366		961		—		—		366		961		1,327		74	1984	8/29/2017
Automotive Service	Troy	MI			794		1,389		—		—		794		1,389		2,183		107	1974	8/29/2017
Automotive Service	Burton	MI			188		1,180		—		—		188		1,180		1,368		83	1955	8/29/2017
Pet Care Services	Arvada	CO			1,342		2,808		—		1,162		1,342		3,970		5,312		610	1982	9/5/2017
Medical / Dental	Round Rock	TX			713		6,821		—		—		713		6,821		7,534		425	2016	9/12/2017
Car Washes	Little Rock	AR			685		3,361		—		—		685		3,361		4,046		216	1976	9/12/2017
Car Washes	Bryant	AR			489		2,790		—		—		489		2,790		3,279		173	1997	9/20/2017
Automotive Service	Smyrna	GA	{f}		689		470		—		—		689		470		1,159		42	1997	9/25/2017
Automotive Service	Memphis	TN	{f}		417		1,294		—		—		417		1,294		1,711		87	1985	9/25/2017
Automotive Service	Longwood	FL	{f}		887		1,263		—		—		887		1,263		2,150		113	2000	9/25/2017
Car Washes	Anderson	SC			793		4,031		—		—		793		4,031		4,824		266	2008	9/26/2017
Car Washes	Cornelia	GA			470		2,670		—		—		470		2,670		3,140		177	2001	9/26/2017
Car Washes	South Commerce	GA			607		3,072		—		—		607		3,072		3,679		207	2016	9/26/2017
Car Washes	Seneca	SC			255		2,994		—		—		255		2,994		3,249		186	2005	9/26/2017
Car Washes	Greenville	SC			715		2,724		—		—		715		2,724		3,439		181	2005	9/26/2017
Restaurants - Quick Service	East Bethel	MN			764		1,353		—		—		764		1,353		2,117		163	1996	9/27/2017
Restaurants - Quick Service	Isanti	MN			1,167		1,859		—		—		1,167		1,859		3,026		187	1989	9/27/2017
Convenience Stores	Braham	MN			289		1,043		—		—		289		1,043		1,332		87	1986	9/27/2017
Restaurants - Quick Service	Grantsburg	WI			640		1,673		—		—		640		1,673		2,313		165	2005	9/27/2017
Health and Fitness	Hobbs	NM			938		1,503		—		—		938		1,503		2,441		124	2016	9/28/2017
Health and Fitness	Florence	KY			868		2,186		—		—		868		2,186		3,054		157	1994	9/28/2017
Automotive Service	Magnolia	TX			1,402		2,480		—		—		1,402		2,480		3,882		215	2017	9/29/2017
Early Childhood Education	Winter Garden	FL			1,169		4,603		—		—		1,169		4,603		5,772		316	2015	9/29/2017
Car Washes	Springdale	AR			597		1,908		—		—		597		1,908		2,505		137	2009	9/29/2017
Car Washes	Rogers	AR			763		2,663		—		—		763		2,663		3,426		181	2005	9/29/2017
Car Washes	Shreveport	LA			460		2,615		—		—		460		2,615		3,075		176	2017	9/29/2017
Convenience Stores	Jacksonville	TX			587		1,357		—		—		587		1,357		1,944		130	2012	9/29/2017
Convenience Stores	Daingerfield	TX			269		1,135		—		—		269		1,135		1,404		86	1979	9/29/2017
Convenience Stores	Jacksonville	TX			368		916		—		—		368		916		1,284		87	1996	9/29/2017

Description(a)				Initial Cost to Company				Cost Capitalized Subsequent to Acquisition								Gross Amount at December 31, 2019(b)(c)						Accumulated
Tenant Industry	City	State	Encumbrances	Land & Improvements		Building & Improvements		Land & Improvements				Building & Improvements				Land & Improvements		Building & Improvements		Total		Depreciation (d)(e)		Year Constructed	Date Acquired
Convenience Stores	Kilgore	TX		$	269	$	1,103	$	(10	)	(g)	$	(41	)	(g)	$	259	$	1,062	$	1,321	$	86	1978	9/29/2017
Entertainment	Orlando	FL			2,290		4,377		—				—				2,290		4,377		6,667		296	2007	9/29/2017
Medical / Dental	North Lima	OH			112		926		—				—				112		926		1,038		57	1976	10/5/2017
Medical / Dental	Southfield	MI			193		1,536		—				—				193		1,536		1,729		94	1968	10/5/2017
Medical / Dental	West Lafayette	IN			122		397		—				—				122		397		519		27	1976	10/5/2017
Medical / Dental	Salem	OH			92		468		—				—				92		468		560		31	1985	10/5/2017
Medical / Dental	Toledo	OH			448		1,750		—				—				448		1,750		2,198		108	1995	10/5/2017
Medical / Dental	Pittsburgh	PA			112		1,221		—				—				112		1,221		1,333		72	1983	10/5/2017
Medical / Dental	Youngstown	OH			275		702		—				—				275		702		977		52	1971	10/5/2017
Medical / Dental	Madison	OH			387		488		—				—				387		488		875		37	1950	10/5/2017
Medical / Dental	Youngstown	OH			366		1,394		—				—				366		1,394		1,760		98	1995	10/5/2017
Medical / Dental	Penn Yan	NY			132		651		—				—				132		651		783		46	1986	10/5/2017
Medical / Dental	Kent	OH	{f}		173		610		—				—				173		610		783		42	1970	10/5/2017
Convenience Stores	Tyler	TX			706		511		—				950				706		1,461		2,167		76	1996	10/16/2017
Entertainment	Hoover	AL			1,403		2,939		—				—				1,403		2,939		4,342		212	2017	10/13/2017
Convenience Stores	Farmington	NM			332		302		—				—				332		302		634		28	1966	11/8/2017
Convenience Stores	Farmington	NM			342		604		—				—				342		604		946		47	1972	11/8/2017
Convenience Stores	Farmington	NM			372		886		—				—				372		886		1,258		76	2013	11/8/2017
Convenience Stores	Aztec	NM			322		685		—				—				322		685		1,007		55	1982	11/8/2017
Convenience Stores	Farmington	NM			282		1,077		—				—				282		1,077		1,359		85	1980	11/8/2017
Convenience Stores	Farmington	NM			503		815		—				—				503		815		1,318		69	1980	11/8/2017
Convenience Stores	Farmington	NM			735		352		—				—				735		352		1,087		37	1982	11/8/2017
Convenience Stores	Ignacio	CO			272		1,047		—				—				272		1,047		1,319		79	1983	11/8/2017
Convenience Stores	Farmington	NM			332		775		—				—				332		775		1,107		65	1985	11/8/2017
Convenience Stores	Farmington	NM			453		1,027		—				—				453		1,027		1,480		93	1990	11/8/2017
Convenience Stores	Kirtland	NM			332		906		—				—				332		906		1,238		72	1980	11/8/2017
Restaurants - Quick Service	Gray	GA			293		374		—				—				293		374		667		32	1992	11/10/2017
Restaurants - Quick Service	Sandersville	GA			283		515		—				—				283		515		798		41	1989	11/10/2017
Restaurants - Quick Service	Barnesville	GA			243		414		—				—				243		414		657		36	1996	11/10/2017
Health and Fitness	Greeley	CO			1,484		4,491		—				—				1,484		4,491		5,975		284	1989	11/16/2017
Restaurants - Quick Service	Hutchinson	KS	{f}		194		777		—				—				194		777		971		55	1971	11/16/2017
Medical / Dental	Tyler	TX	{f}		985		5,675		—				—				985		5,675		6,660		350	1999	11/17/2017
Medical / Dental	Lindale	TX	{f}		394		1,429		—				—				394		1,429		1,823		103	2013	11/17/2017
Convenience Stores	Farmington	NM			554		785		—				—				554		785		1,339		80	1998	11/21/2017
Pet Care Services	Franklin	IN			395		2,319		—				—				395		2,319		2,714		145	2007	12/1/2017
Pet Care Services	Fayetteville	AR			905		1,456		—				—				905		1,456		2,361		103	1979	12/1/2017
Pet Care Services	Greenwood	IN			312		593		—				—				312		593		905		40	1952	12/1/2017
Pet Care Services	Indianapolis	IN			52		416		—				—				52		416		468		25	1954	12/1/2017
Early Childhood Education	Lansdowne	VA			2,167		2,982		—				—				2,167		2,982		5,149		201	2006	12/4/2017
Early Childhood Education	Overland Park	KS			1,189		4,062		—				—				1,189		4,062		5,251		262	2017	12/8/2017
Restaurants - Casual Dining	Bossier City	LA			976		2,347		—				—				976		2,347		3,323		163	1993	12/15/2017
Restaurants - Casual Dining	Augusta	GA			1,663		1,909		—				—				1,663		1,909		3,572		126	1982	12/15/2017
Movie Theatres	Dublin	OH			2,126		10,097		—				—				2,126		10,097		12,223		596	1994	12/15/2017
Restaurants - Quick Service	Sylacauga	AL			166		351		—				—				166		351		517		25	1976	12/19/2017
Restaurants - Quick Service	Daleville	AL			127		409		—				—				127		409		536		27	1983	12/19/2017
Restaurants - Quick Service	Roanoke	AL			224		526		—				—				224		526		750		38	1990	12/19/2017
Restaurants - Quick Service	Jasper	AL			370		331		—				—				370		331		701		32	2005	12/19/2017
Restaurants - Quick Service	Alexander City	AL			263		506		—				—				263		506		769		38	2004	12/19/2017
Restaurants - Quick Service	Headland	AL			273		370		—				—				273		370		643		38	2007	12/19/2017
Restaurants - Quick Service	Tallassee	AL			195		302		—				—				195		302		497		25	2008	12/19/2017
Restaurants - Quick Service	Talladega	AL			88		273		—				—				88		273		361		20	1999	12/19/2017
Restaurants - Quick Service	Enterprise	AL			166		380		—				—				166		380		546		28	1974	12/19/2017

Description(a)				Initial Cost to Company				Cost Capitalized Subsequent to Acquisition				Gross Amount at December 31, 2019(b)(c)						Accumulated
Tenant Industry	City	State	Encumbrances	Land & Improvements		Building & Improvements		Land & Improvements		Building & Improvements		Land & Improvements		Building & Improvements		Total		Depreciation (d)(e)		Year Constructed	Date Acquired
Restaurants - Quick Service	Childersburg	AL		$	195	$	302	$	—	$	—	$	195	$	302	$	497	$	22	1989	12/19/2017
Restaurants - Quick Service	Valley	AL			185		302		—		—		185		302		487		24	2004	12/19/2017
Restaurants - Quick Service	Selma	AL			175		409		—		—		175		409		584		30	1996	12/19/2017
Restaurants - Casual Dining	Linthcum	MD			1,691		1,124		—		—		1,691		1,124		2,815		98	2004	12/21/2017
Restaurants - Casual Dining	East Point	GA			1,153		831		—		—		1,153		831		1,984		69	2003	12/21/2017
Restaurants - Casual Dining	Pocomoke City	MD			653		849		—		—		653		849		1,502		82	2005	12/21/2017
Restaurants - Casual Dining	D'Iberville	MS			927		623		—		—		927		623		1,550		53	2004	12/21/2017
Restaurants - Casual Dining	Clarksville	TN			861		736		—		—		861		736		1,597		57	2003	12/21/2017
Restaurants - Casual Dining	Scranton	PA			785		755		—		—		785		755		1,540		76	1995	12/21/2017
Restaurants - Casual Dining	Alexander City	AL			511		802		—		—		511		802		1,313		62	2007	12/21/2017
Restaurants - Casual Dining	Columbia	SC			785		500		—		—		785		500		1,285		46	2003	12/21/2017
Restaurants - Casual Dining	Palm City	FL			672		727		—		—		672		727		1,399		58	2003	12/21/2017
Restaurants - Casual Dining	St Robert	MO			644		755		—		—		644		755		1,399		54	2001	12/21/2017
Restaurants - Casual Dining	Jasper	AL			766		292		—		—		766		292		1,058		31	1998	12/21/2017
Restaurants - Quick Service	Jasper	IN	{f}		226		931		—		—		226		931		1,157		60	1998	12/22/2017
Automotive Service	Spring	TX	{f}		721		932		—		300		721		1,232		1,953		107	2017	12/27/2017
Car Washes	Fayetteville	AR			567		1,377		—		—		567		1,377		1,944		95	2011	12/28/2017
Car Washes	Fayetteville	AR			597		1,675		—		—		597		1,675		2,272		117	1980	12/28/2017
Car Washes	Bentonville	AR			1,307		2,436		—		—		1,307		2,436		3,743		166	2017	12/28/2017
Car Washes	Stillwater	OK			320		924		—		—		320		924		1,244		57	2002	12/28/2017
Car Washes	Stillwater	OK			669		1,634		—		—		669		1,634		2,303		113	2006	12/28/2017
Car Washes	Stillwater	OK			825		750		—		—		825		750		1,575		70	2007	12/28/2017
Health and Fitness	Auburn	AL			1,104		2,411		—		—		1,104		2,411		3,515		172	2007	12/29/2017
Health and Fitness	Columbus	GA			2,175		2,540		—		—		2,175		2,540		4,715		199	2005	12/29/2017
Early Childhood Education	Southaven	MS			1,060		1,496		—		124		1,060		1,620		2,680		104	2002	12/29/2017
Restaurants - Quick Service	Saginaw	MI			528		1,086		—		—		528		1,086		1,614		78	2012	1/4/2018
Restaurants - Quick Service	Grand Rapids	MI			299		1,205		—		—		299		1,205		1,504		80	2016	1/4/2018
Restaurants - Quick Service	Grand Rapids	MI			349		1,166		—		—		349		1,166		1,515		70	2013	1/4/2018
Health and Fitness	Wichita	KS			2,594		—		326		4,812		2,920		4,812		7,732		201	2018	1/19/2018
Convenience Stores	Bloomfield	NM			221		784		—		—		221		784		1,005		50	1980	1/24/2018
Early Childhood Education	Trumbull	CT			864		—		206		3,392		1,070		3,392		4,462		41	2018	1/31/2018
Restaurants - Casual Dining	Davenport	IA	{f}		57		479		—		—		57		479		536		25	1955	2/8/2018
Restaurants - Casual Dining	Bettendorf	IA	{f}		402		1,050		—		—		402		1,050		1,452		60	1975	2/8/2018
Restaurants - Casual Dining	Kewanee	IL			115		432		—		—		115		432		547		27	1993	2/8/2018
Restaurants - Casual Dining	Davenport	IA			459		1,304		—		—		459		1,304		1,763		77	1990	2/8/2018
Restaurants - Casual Dining	Davenport	IA			153		1,268		—		—		153		1,268		1,421		68	1952	2/8/2018
Automotive Service	Roseville	MN			489		1,602		—		—		489		1,602		2,091		91	1971	2/16/2018
Automotive Service	Woodbury	MN			978		2,049		—		—		978		2,049		3,027		121	2000	2/16/2018
Grocery	Burlington	NC			762		1,300		—		—		762		1,300		2,062		83	1992	2/16/2018
Health and Fitness	Aiken	SC			1,063		3,787		—		—		1,063		3,787		4,850		208	1998	3/1/2018
Early Childhood Education	Burlington	CT			432		1,408		—		—		432		1,408		1,840		88	2004	3/9/2018
Early Childhood Education	Canton	CT			730		761		—		—		730		761		1,491		61	1979	3/9/2018
Early Childhood Education	Farmington	CT			278		1,459		—		—		278		1,459		1,737		83	1985	3/9/2018
Early Childhood Education	Dublin	OH			740		2,934		—		—		740		2,934		3,674		163	2008	3/13/2018
Movie Theatres	Shelby	NC			1,826		2,798		—		—		1,826		2,798		4,624		174	2004	3/22/2018
Health and Fitness	Tulsa	OK			2,856		—		108		4,329		2,964		4,329		7,293		135	2018	3/22/2018
Restaurants - Family Dining	Pittsburg	KS	{f}		465		792		—		—		465		792		1,257		51	2016	3/29/2018
Automotive Service	Elk River	MN			433		898		—		—		433		898		1,331		53	1996	3/29/2018
Early Childhood Education	San Antonio	TX			482		1,496		—		—		482		1,496		1,978		79	2007	3/29/2018
Pet Care Services	Cave Creek	AZ			1,789		2,540		—		867		1,789		3,407		5,196		145	2008	4/5/2018

Description(a)				Initial Cost to Company				Cost Capitalized Subsequent to Acquisition				Gross Amount at December 31, 2019(b)(c)						Accumulated
Tenant Industry	City	State	Encumbrances	Land & Improvements		Building & Improvements		Land & Improvements		Building & Improvements		Land & Improvements		Building & Improvements		Total		Depreciation (d)(e)		Year Constructed	Date Acquired
Pet Care Services	Maricopa	AZ		$	1,057	$	1,057	$	—	$	969	$	1,057	$	2,026	$	3,083	$	66	2008	4/5/2018
Early Childhood Education	Byron Center	MI	{f}		513		1,591		—		—		513		1,591		2,104		101	2012	4/9/2018
Medical / Dental	Springfield	MO			660		1,326		—		—		660		1,326		1,986		76	2014	4/20/2018
Medical / Dental	Rogers	AR	{f}		599		1,229		—		—		599		1,229		1,828		73	2013	4/20/2018
Medical / Dental	Russellville	AR			710		1,297		—		—		710		1,297		2,007		69	2015	4/20/2018
Medical / Dental	Paris	TX			416		1,020		—		—		416		1,020		1,436		59	2013	4/20/2018
Car Washes	Bel Air	MD	{f}		321		3,120		—		—		321		3,120		3,441		166	2016	4/26/2018
Automotive Service	Apex	NC	{f}		229		428		—		—		229		428		657		26	2000	5/1/2018
Automotive Service	Holly Springs	NC	{f}		308		1,283		—		—		308		1,283		1,591		66	2003	5/1/2018
Automotive Service	Fuquay Varina	NC	{f}		487		318		—		—		487		318		805		27	2008	5/1/2018
Movie Theatres	Decatur	AL			1,491		4,350		—		—		1,491		4,350		5,841		253	2013	5/10/2018
Automotive Service	North Canton	OH			481		982		—		—		481		982		1,463		52	1960	5/17/2018
Automotive Service	Clinton Township	MI			1,179		688		—		—		1,179		688		1,867		74	1983	5/17/2018
Automotive Service	Baltimore	MD			206		1,709		—		—		206		1,709		1,915		73	1952	5/17/2018
Convenience Stores	Sartell	MN			988		607		—		—		988		607		1,595		69	2013	5/17/2018
Convenience Stores	St. Augusta	MN			473		1,111		—		—		473		1,111		1,584		75	1978	5/17/2018
Convenience Stores	Rice	MN			782		1,461		—		—		782		1,461		2,243		119	2005	5/17/2018
Convenience Stores	Pine City	MN			792		1,173		—		—		792		1,173		1,965		100	1967	5/17/2018
Convenience Stores	Cambridge	MN			1,008		2,161		—		—		1,008		2,161		3,169		157	2007	5/17/2018
Early Childhood Education	Acworth	GA	{f}		637		1,365		—		—		637		1,365		2,002		86	2000	5/18/2018
Pet Care Services	Lakewood Ranch	FL			442		—		1,054		2,677		1,496		2,677		4,173		56	2019	5/24/2018
Other Services	Bluff City	TN			146		1,347		—		—		146		1,347		1,493		57	1949	6/1/2018
Other Services	Erwin	TN			713		1,484		—		—		713		1,484		2,197		76	1981	6/1/2018
Other Services	Sparta	NC			713		1,942		—		—		713		1,942		2,655		111	1973	6/1/2018
Other Services	Kingsport	TN			1,220		3,143		—		—		1,220		3,143		4,363		185	1979	6/1/2018
Other Services	Cleveland	TN			673		1,083		—		—		673		1,083		1,756		58	1975	6/1/2018
Other Services	Cleveland	TN			615		2,938		—		—		615		2,938		3,553		128	1964	6/1/2018
Other Services	Castlewood	VA			1,259		1,786		—		—		1,259		1,786		3,045		111	1991	6/1/2018
Other Services	Covington	GA			849		3,309		—		—		849		3,309		4,158		173	1991	6/1/2018
Other Services	Harlem	GA			703		1,610		—		—		703		1,610		2,313		84	1895	6/1/2018
Other Services	London	KY			937		2,391		—		—		937		2,391		3,328		135	1999	6/1/2018
Other Services	Elizabethton	TN			254		517		—		—		254		517		771		36	2010	6/1/2018
Other Services	Elizabethton	TN			488		849		—		—		488		849		1,337		45	1996	6/1/2018
Other Services	Mountain City	TN			78		176		—		—		78		176		254		9	1936	6/1/2018
Convenience Stores	Mosinee	WI			260		509		—		—		260		509		769		38	1994	6/15/2018
Convenience Stores	Wausau	WI			311		372		—		—		311		372		683		35	1995	6/15/2018
Convenience Stores	Wausau	WI			402		1,470		—		—		402		1,470		1,872		80	1995	6/15/2018
Convenience Stores	Wausau	WI			502		361		—		—		502		361		863		48	1989	6/15/2018
Convenience Stores	Wausau	WI			412		445		—		—		412		445		857		43	1991	6/15/2018
Convenience Stores	Prentice	WI			1,164		753		—		—		1,164		753		1,917		141	1989	6/15/2018
Convenience Stores	Rothschild	WI			703		760		—		—		703		760		1,463		69	1985	6/15/2018
Convenience Stores	Phillips	WI			191		722		—		—		191		722		913		44	1970	6/15/2018
Convenience Stores	Pound	WI			321		478		—		—		321		478		799		50	1983	6/15/2018
Convenience Stores	Gillett	WI			241		591		—		—		241		591		832		46	1990	6/15/2018
Convenience Stores	Tigerton	WI			954		1,014		—		—		954		1,014		1,968		125	1998	6/15/2018
Convenience Stores	Stevens Point	WI			1,054		522		—		—		1,054		522		1,576		82	1993	6/15/2018
Convenience Stores	Merrill	WI			1,857		1,305		—		—		1,857		1,305		3,162		190	1996	6/15/2018
Convenience Stores	Tomahawk	WI			683		1,008		—		—		683		1,008		1,691		101	1992	6/15/2018
Convenience Stores	Marathon	WI			261		1,244		—		—		261		1,244		1,505		69	1987	6/15/2018
Convenience Stores	Edgar	WI			502		949		—		—		502		949		1,451		78	1984	6/15/2018
Convenience Stores	Plover	WI			1,275		883		—		—		1,275		883		2,158		94	2006	6/15/2018
Convenience Stores	Hatley	WI			783		851		—		—		783		851		1,634		91	1997	6/15/2018

Description(a)				Initial Cost to Company				Cost Capitalized Subsequent to Acquisition				Gross Amount at December 31, 2019(b)(c)						Accumulated
Tenant Industry	City	State	Encumbrances	Land & Improvements		Building & Improvements		Land & Improvements		Building & Improvements		Land & Improvements		Building & Improvements		Total		Depreciation (d)(e)		Year Constructed	Date Acquired
Convenience Stores	Minoqua	WI		$	371	$	412	$	—	$	—	$	371	$	412	$	783	$	45	1984	6/15/2018
Convenience Stores	Wittenberg	WI			1,405		1,305		—		—		1,405		1,305		2,710		174	1999	6/15/2018
Convenience Stores	Rudolph	WI			412		840		—		—		412		840		1,252		65	1992	6/15/2018
Convenience Stores	Mountain	WI			371		663		—		—		371		663		1,034		60	1998	6/15/2018
Convenience Stores	Park Falls	WI			392		1,164		—		—		392		1,164		1,556		80	1984	6/15/2018
Convenience Stores	Weston	WI			622		843		—		—		622		843		1,465		74	1993	6/15/2018
Early Childhood Education	Surprise	AZ			1,546		1,736		—		21		1,546		1,757		3,303		89	2008	6/21/2018
Car Washes	Fayetteville	AR			675		2,405		—		—		675		2,405		3,080		111	2018	6/21/2018
Early Childhood Education	Malvern	PA			701		2,084		—		—		701		2,084		2,785		109	2006	6/28/2018
Early Childhood Education	Frazer	PA			730		2,276		—		—		730		2,276		3,006		114	1998	6/28/2018
Early Childhood Education	Glen Mills	PA			3,938		3,246		—		—		3,938		3,246		7,184		225	1992	6/28/2018
Early Childhood Education	Erial	NJ			740		1,546		—		—		740		1,546		2,286		73	2000	6/28/2018
Early Childhood Education	Exton	PA			442		2,007		—		—		442		2,007		2,449		93	2000	6/28/2018
Early Childhood Education	Voorhees	NJ			509		1,892		—		—		509		1,892		2,401		92	2002	6/28/2018
Early Childhood Education	Royersford	PA			259		1,892		—		—		259		1,892		2,151		83	2002	6/28/2018
Early Childhood Education	West Norriton	PA			557		1,998		—		—		557		1,998		2,555		94	2003	6/28/2018
Early Childhood Education	King of Prussia	PA			490		2,171		—		—		490		2,171		2,661		96	2004	6/28/2018
Early Childhood Education	Downingtown	PA			605		2,219		—		—		605		2,219		2,824		103	2007	6/28/2018
Early Childhood Education	Collegeville	PA			423		1,940		—		—		423		1,940		2,363		88	2008	6/28/2018
Early Childhood Education	Phoenixville	PA			1,431		4,466		—		—		1,431		4,466		5,897		219	2010	6/28/2018
Early Childhood Education	Blue Bell	PA			788		3,218		—		—		788		3,218		4,006		143	1967	6/28/2018
Medical / Dental	Mountain Grove	MO			113		527		—		—		113		527		640		27	2012	6/28/2018
Medical / Dental	Harrison	AR			144		835		—		—		144		835		979		37	2006	6/28/2018
Medical / Dental	Jonesboro	AR			329		1,021		—		—		329		1,021		1,350		48	2005	6/28/2018
Medical / Dental	El Dorado	AR			93		228		—		—		93		228		321		11	2000	6/28/2018
Medical / Dental	Berryville	AR			62		120		—		—		62		120		182		8	2000	6/28/2018
Medical / Dental	Batesville	AR			237		1,139		—		—		237		1,139		1,376		56	2017	6/28/2018
Health and Fitness	Salisbury	MA			1,169		14,584		—		—		1,169		14,584		15,753		566	2004	6/29/2018
Health and Fitness	Peabody	MA			3,497		6,523		—		—		3,497		6,523		10,020		279	2009	6/29/2018
Health and Fitness	Methuen	MA			4,544		5,179		—		—		4,544		5,179		9,723		267	2002	6/29/2018
Health and Fitness	Moncks Corner	SC			978		1,439		—		—		978		1,439		2,417		88	2002	6/29/2018
Medical / Dental	Brownsville	TX			172		1,683		—		—		172		1,683		1,855		69	2008	7/13/2018
Pet Care Services	Mesa	AZ			1,329		1,531		—		1,225		1,329		2,756		4,085		74	1990	7/13/2018
Pet Care Services	Chandler	AZ			1,775		3,033		—		1,200		1,775		4,233		6,008		145	2002	7/13/2018
Pet Care Services	Green Valley	AZ			913		2,454		—		920		913		3,374		4,287		111	2015	7/13/2018
Restaurants - Quick Service	Brownsville	KY			297		1,024		—		—		297		1,024		1,321		51	1990	7/18/2018
Car Washes	Athen	GA			1,011		2,536		—		600		1,011		3,136		4,147		164	2006	7/26/2018
Car Washes	Winder	GA			683		2,027		—		—		683		2,027		2,710		105	2008	7/26/2018
Car Washes	Decatur	GA			703		3,031		—		—		703		3,031		3,734		136	1967	7/26/2018
Car Washes	Decatur	GA			828		2,029		—		—		828		2,029		2,857		107	2007	7/26/2018
Car Washes	Duluth	GA			1,261		2,187		—		—		1,261		2,187		3,448		109	2006	7/26/2018
Restaurants - Quick Service	Fort Oglethorpe	GA			1,283		1,045		—		—		1,283		1,045		2,328		50	2001	8/8/2018
Restaurants - Quick Service	Ringgold	GA			387		1,406		—		—		387		1,406		1,793		69	2015	8/8/2018
Restaurants - Quick Service	Chattanooga	TN			438		1,061		—		—		438		1,061		1,499		51	2009	8/8/2018
Restaurants - Quick Service	Chattanooga	TN			876		1,255		—		—		876		1,255		2,131		63	2004	8/8/2018
Restaurants - Quick Service	Chattanooga	TN			1,497		1,161		—		—		1,497		1,161		2,658		55	2012	8/8/2018
Restaurants - Quick Service	Dayton	TN			468		1,283		—		—		468		1,283		1,751		65	2016	8/8/2018
Restaurants - Quick Service	Ooltewah	TN			1,079		1,262		—		—		1,079		1,262		2,341		58	2003	8/8/2018
Restaurants - Quick Service	Soddy Daisy	TN			825		992		—		—		825		992		1,817		55	2006	8/8/2018
Automotive Service	Oklahoma City	OK			152		596		—		—		152		596		748		28	1980	8/9/2018

Description(a)				Initial Cost to Company				Cost Capitalized Subsequent to Acquisition				Gross Amount at December 31, 2019(b)(c)						Accumulated
Tenant Industry	City	State	Encumbrances	Land & Improvements		Building & Improvements		Land & Improvements		Building & Improvements		Land & Improvements		Building & Improvements		Total		Depreciation (d)(e)		Year Constructed	Date Acquired
Automotive Service	Midwest City	OK		$	253	$	495	$	—	$	—	$	253	$	495	$	748	$	29	1995	8/9/2018
Automotive Service	Del City	OK			364		384		—		—		364		384		748		28	1985	8/9/2018
Automotive Service	Midwest City	OK			172		526		—		—		172		526		698		25	1980	8/9/2018
Early Childhood Education	Eden Prairie	MN	{f}		1,264		1,651		—		—		1,264		1,651		2,915		106	1995	8/10/2018
Restaurants - Quick Service	Blytheville	AR			785		736		—		—		785		736		1,521		40	2007	8/22/2018
Restaurants - Quick Service	Paragould	AR			744		784		—		—		744		784		1,528		38	2008	8/22/2018
Restaurants - Quick Service	Van Buren	AR			642		946		—		—		642		946		1,588		45	2008	8/22/2018
Convenience Stores	Seguin	TX			435		995		—		—		435		995		1,430		48	1974	9/4/2018
Convenience Stores	Burleson	TX			823		1,660		—		—		823		1,660		2,483		91	1985	9/4/2018
Convenience Stores	Winfield	TX			908		2,474		—		—		908		2,474		3,382		137	1979	9/4/2018
Automotive Service	Pontiac	MI			445		1,077		—		—		445		1,077		1,522		54	1978	9/7/2018
Restaurants - Quick Service	San Angelo	TX	{f}		161		806		—		—		161		806		967		35	1978	9/12/2018
Health and Fitness	Springfield	OR	{f}		2,024		2,468		—		—		2,024		2,468		4,492		132	1999	9/13/2018
Health and Fitness	Eugene	OR	{f}		1,046		2,986		—		—		1,046		2,986		4,032		125	1980	9/13/2018
Early Childhood Education	San Antonio	TX			617		2,258		—		—		617		2,258		2,875		95	2008	9/14/2018
Early Childhood Education	Colleyville	TX	{f}		695		1,022		—		—		695		1,022		1,717		47	1997	9/18/2018
Restaurants - Quick Service	Marion	AR			459		920		—		—		459		920		1,379		44	2007	9/21/2018
Entertainment	Metairie	LA			1,323		2,143		—		—		1,323		2,143		3,466		97	2016	9/21/2018
Restaurants - Quick Service	Montrose	CO			698		1,036		—		—		698		1,036		1,734		49	2000	9/25/2018
Restaurants - Family Dining	Augusta	GA			825		894		—		—		825		894		1,719		38	1968	9/25/2018
Restaurants - Family Dining	Macon	GA			648		992		—		—		648		992		1,640		42	1983	9/25/2018
Restaurants - Family Dining	Macon	GA			923		972		—		—		923		972		1,895		50	1972	9/25/2018
Restaurants - Quick Service	Fairbanks	AK			438		1,524		—		—		438		1,524		1,962		69	1971	9/27/2018
Restaurants - Quick Service	Fairbanks	AK			687		1,633		—		—		687		1,633		2,320		75	2006	9/27/2018
Medical / Dental	Abilene	TX			336		1,959		—		—		336		1,959		2,295		76	2006	9/27/2018
Automotive Service	Bremen	IN	{f}		221		1,284		—		—		221		1,284		1,505		48	1970	9/28/2018
Car Washes	Springdale	AR			1,405		3,139		—		—		1,405		3,139		4,544		131	2018	9/28/2018
Restaurants - Quick Service	Andalusia	AL			384		727		—		—		384		727		1,111		34	1988	9/28/2018
Medical / Dental	Forrest City	AR			143		608		—		—		143		608		751		26	2007	9/28/2018
Early Childhood Education	Ashburn	VA			898		671		—		—		898		671		1,569		31	2001	9/28/2018
Restaurants - Quick Service	North Richard Hills	TX			875		1,113		—		—		875		1,113		1,988		58	2017	9/28/2018
Restaurants - Quick Service	Grapevine	TX			775		904		—		—		775		904		1,679		48	2016	9/28/2018
Restaurants - Quick Service	St Augustine	FL			917		1,964		—		—		917		1,964		2,881		81	2010	9/28/2018
Early Childhood Education	Fleming Island	FL	{f}		872		2,523		—		—		872		2,523		3,395		91	2006	9/28/2018
Restaurants - Quick Service	Hot Springs	AR			240		899		—		—		240		899		1,139		35	1979	10/4/2018
Health and Fitness	Tucson	AZ			4,227		—		114		3,466		4,341		3,466		7,807		8	2019	10/10/2018
Restaurants - Quick Service	Countryside	IL			727		1,302		—		—		727		1,302		2,029		51	2013	10/26/2018
Medical / Dental	Midland	TX			298		1,760		—		—		298		1,760		2,058		57	1993	10/31/2018
Early Childhood Education	McDonough	GA			604		2,065		—		—		604		2,065		2,669		78	2002	11/2/2018
Convenience Stores	Tucson	AZ			977		827		—		—		977		827		1,804		57	1985	11/7/2018
Convenience Stores	Phoenix	AZ			1,037		429		—		—		1,037		429		1,466		25	1987	11/7/2018
Convenience Stores	Centralia	WA			568		509		—		—		568		509		1,077		33	1976	11/7/2018
Medical / Dental	Montgomery	AL	{f}		454		1,528		—		—		454		1,528		1,982		57	2004	11/7/2018
Medical / Dental	Prattville	AL	{f}		237		857		—		—		237		857		1,094		31	2012	11/7/2018
Convenience Stores	Duncaville	TX			469		538		—		—		469		538		1,007		30	1980	11/8/2018
Early Childhood Education	Canton	GA			504		2,079		—		—		504		2,079		2,583		78	2006	11/9/2018
Restaurants - Quick Service	Pembroke	NY			577		898		—		—		577		898		1,475		47	2017	11/28/2018
Medical / Dental	Fort Worth	TX			466		845		—		—		466		845		1,311		32	1997	11/30/2018
Medical / Dental	Arlington	TX			546		649		—		—		546		649		1,195		28	1999	11/30/2018
Medical / Dental	Burleson	TX			61		1,091		—		—		61		1,091		1,152		30	1942	11/30/2018
Medical / Dental	Dallas	TX			1,813		3,606		—		—		1,813		3,606		5,419		110	1979	11/30/2018
Early Childhood Education	Olive Branch	MS			1,027		1,050		—		—		1,027		1,050		2,077		56	2009	12/5/2018

Description(a)				Initial Cost to Company				Cost Capitalized Subsequent to Acquisition								Gross Amount at December 31, 2019(b)(c)						Accumulated
Tenant Industry	City	State	Encumbrances	Land & Improvements		Building & Improvements		Land & Improvements				Building & Improvements				Land & Improvements		Building & Improvements		Total		Depreciation (d)(e)		Year Constructed	Date Acquired
Early Childhood Education	Manchester	CT		$	915	$	939	$	—			$	568			$	915	$	1,507	$	2,422	$	35	1977	12/7/2018
Early Childhood Education	Macon	GA	{f}		538		1,067		—				—				538		1,067		1,605		45	2007	12/14/2018
Early Childhood Education	Macon	GA	{f}		508		1,067		—				—				508		1,067		1,575		40	2008	12/14/2018
Entertainment	Andover	MN			898		1,208		—				—				898		1,208		2,106		47	2005	12/12/2018
Entertainment	Rochester	MN			379		968		—				—				379		968		1,347		31	1958	12/12/2018
Entertainment	South St. Paul	MN			1,008		928		—				—				1,008		928		1,936		40	1978	12/12/2018
Entertainment	Mounds View	MN			1,986		3,264		—				—				1,986		3,264		5,250		121	1967	12/12/2018
Entertainment	St. Paul Park	MN			529		1,058		—				—				529		1,058		1,587		41	1959	12/12/2018
Entertainment	Oakdale	MN			2,136		5,699		—				—				2,136		5,699		7,835		193	2009	12/12/2018
Entertainment	Monticello	MN			1,527		3,414		—				—				1,527		3,414		4,941		144	2007	12/12/2018
Entertainment	St. Paul	MN			1,218		1,407		—				—				1,218		1,407		2,625		51	1955	12/12/2018
Entertainment	Ramsey	MN			609		749		—				—				609		749		1,358		42	1988	12/12/2018
Health and Fitness	Winston Salem	NC			986		1,205		(75	)	(g)		(90	)	(g)		911		1,115		2,026		36	1972	12/19/2018
Automotive Service	Denton	TX	{f}		1,278		1,582		—				—				1,278		1,582		2,860		65	1982	12/20/2018
Car Washes	Dubuque	IA			990		2,121		—				—				990		2,121		3,111		73	1992	12/20/2018
Car Washes	Davenport	IA			757		2,394		—				—				757		2,394		3,151		79	1990	12/20/2018
Car Washes	Rock Island	IL			1,030		2,949		—				—				1,030		2,949		3,979		97	1996	12/20/2018
Pet Care Services	Georgetown	TX			753		—		—				—				753		—		753		—		12/21/2018
Pet Care Services	Middleburg	FL			803		—		—				—				803		—		803		—		12/21/2018
Early Childhood Education	Arlington	TX			1,296		3,239		—				—				1,296		3,239		4,535		103	1989	12/27/2018
Home Furnishings	Kansas City	MO			273		4,683		—				—				273		4,683		4,956		128	2007	12/28/2018
Restaurants - Casual Dining	Flint	MI			619		274		—				—				619		274		893		19	1975	1/2/2019
Restaurants - Casual Dining	Saginaw	MI			335		294		—				—				335		294		629		17	1967	1/2/2019
Automotive Service	Ft. Lupton	CO			339		309		—				—				339		309		648		14	2006	1/7/2019
Automotive Service	Brighton	CO			226		1,024		—				—				226		1,024		1,250		30	1994	1/7/2019
Automotive Service	Longmont	CO			390		415		—				—				390		415		805		16	1985	1/7/2019
Automotive Service	Garden City	CO			134		544		—				—				134		544		678		18	1984	1/7/2019
Car Washes	Brighton	CO			205		156		—				—				205		156		361		7	1999	1/7/2019
Restaurants - Quick Service	Alexandria	LA	{f}		271		953		—				—				271		953		1,224		31	1985	1/10/2019
Restaurants - Quick Service	Leesville	LA	{f}		140		812		—				—				140		812		952		26	1983	1/10/2019
Restaurants - Quick Service	Griffin	GA	{f}		923		1,103		—				—				923		1,103		2,026		38	1983	1/10/2019
Car Washes	Springdale	AR			1,032		2,325		—				—				1,032		2,325		3,357		82	2018	1/10/2019
Entertainment	Nampa	ID			886		2,768		—				—				886		2,768		3,654		75	2008	1/17/2019
Medical / Dental	West Memphis	AR			247		543		—				—				247		543		790		19	2007	1/22/2019
Car Washes	Rogers	AR			550		2,200		—				—				550		2,200		2,750		69	2018	1/25/2019
Early Childhood Education	Gilbert	AZ			1,074		—		—				—				1,074		—		1,074		—		1/29/2019
Pet Care Services	Denham Springs	LA			485		701		—				—				485		701		1,186		24	2007	1/31/2019
Medical / Dental	Little Rock	AR			770		1,562		—				—				770		1,562		2,332		44	2004	1/31/2019
Medical / Dental	Bryant	AR			460		1,519		—				—				460		1,519		1,979		41	2014	1/31/2019
Restaurants - Quick Service	Ruston	LA	{f}		544		1,399		—				—				544		1,399		1,943		45	2016	2/14/2019
Restaurants - Quick Service	El Dorado	AR	{f}		661		1,448		—				—				661		1,448		2,109		49	2017	2/14/2019
Restaurants - Quick Service	Percival	IA	{f}		578		1,252		—				—				578		1,252		1,830		45	2004	2/15/2019
Early Childhood Education	Garner	NC			378		1,962		—				—				378		1,962		2,340		49	2007	2/28/2019
Restaurants - Casual Dining	Wilder	KY			317		1,169		—				—				317		1,169		1,486		29	2010	2/28/2019
Medical / Dental	Meridian	MS			886		5,947		—				—				886		5,947		6,833		136	2006	3/8/2019
Health and Fitness	Abilene	TX			1,326		2,478		—				144				1,326		2,622		3,948		77	1974	3/8/2019
Early Childhood Education	St. Augustine	FL			183		1,436		—				—				183		1,436		1,619		35	2016	3/8/2019
Early Childhood Education	St. Augustine	FL			611		2,149		—				—				611		2,149		2,760		56	2006	3/8/2019
Early Childhood Education	St. Augustine	FL			1,385		2,108		—				—				1,385		2,108		3,493		66	1981	3/8/2019
Automotive Service	Brighton	CO			551		569		—				—				551		569		1,120		19	2003	3/13/2019
Automotive Service	Thornton	CO			337		355		—				—				337		355		692		10	1980	3/13/2019
Health and Fitness	Las Vegas	NV	{f}		491		2,543		—				—				491		2,543		3,034		61	1970	3/13/2019

Description(a)				Initial Cost to Company				Cost Capitalized Subsequent to Acquisition				Gross Amount at December 31, 2019(b)(c)						Accumulated
Tenant Industry	City	State	Encumbrances	Land & Improvements		Building & Improvements		Land & Improvements		Building & Improvements		Land & Improvements		Building & Improvements		Total		Depreciation (d)(e)		Year Constructed	Date Acquired
Automotive Service	St. Augusta	MN	{f}	$	518	$	1,057	$	—	$	—	$	518	$	1,057	$	1,575	$	36	1991	3/13/2019
Pet Care Services	Carbondale	IL			605		713		—		—		605		713		1,318		26	1986	3/29/2019
Pet Care Services	Energy	IL			313		254		—		—		313		254		567		8	1995	3/29/2019
Pet Care Services	Crete	NE			381		332		—		—		381		332		713		16	1967	3/29/2019
Pet Care Services	Ballwin	MO			537		752		—		—		537		752		1,289		20	1986	3/29/2019
Pet Care Services	Pea Ridge	AR			518		654		—		—		518		654		1,172		20	1996	3/29/2019
Pet Care Services	Norman	OK			225		283		—		—		225		283		508		14	1993	3/29/2019
Pet Care Services	Martinsville	IN			88		664		—		—		88		664		752		14	1989	3/29/2019
Pet Care Services	Carbondale	IL			557		537		—		—		557		537		1,094		23	1976	3/29/2019
Pet Care Services	Nashville	IN			146		703		—		—		146		703		849		17	1970	3/29/2019
Entertainment	Monroeville	PA			823		2,028		—		—		823		2,028		2,851		60	2016	3/29/2019
Early Childhood Education	Stockbridge	GA			645		1,345		—		—		645		1,345		1,990		33	2004	3/29/2019
Entertainment	Huntersville	NC			4,087		9,719		—		—		4,087		9,719		13,806		215	1996	3/29/2019
Entertainment	Greensboro	NC			2,593		8,381		—		—		2,593		8,381		10,974		191	1988	3/29/2019
Medical / Dental	Tuscaloosa	AL			262		1,682		—		—		262		1,682		1,944		35	1991	3/29/2019
Early Childhood Education	Duluth	GA			843		2,539		—		—		843		2,539		3,382		55	1994	3/29/2019
Medical / Dental	Indianapolis	IN			509		3,504		—		—		509		3,504		4,013		72	2016	3/29/2019
Medical / Dental	Fort Wayne	IN			4,006		—		—		—		4,006		—		4,006		—		3/29/2019
Restaurants - Quick Service	Woodstock	GA	{f}		435		932		—		—		435		932		1,367		22	1990	4/5/2019
Restaurants - Quick Service	Commerce	GA	{f}		435		851		—		—		435		851		1,286		20	1990	4/5/2019
Health and Fitness	Norman	OK			730		2,937		—		559		730		3,496		4,226		86	2018	4/17/2019
Convenience Stores	Alpena	AR			151		667		—		—		151		667		818		13	1970	4/19/2019
Convenience Stores	Mountain Home	AR			171		476		—		—		171		476		647		12	1988	4/19/2019
Convenience Stores	Gassville	AR			181		688		—		—		181		688		869		13	1995	4/19/2019
Convenience Stores	Mountain Home	AR			242		747		—		—		242		747		989		17	1977	4/19/2019
Early Childhood Education	Alpharetta	GA			835		865		—		400		835		1,265		2,100		22	1999	4/30/2019
Early Childhood Education	Johns Creek	GA			1,137		744		—		—		1,137		744		1,881		23	2004	4/30/2019
Medical / Dental	Tyler	TX			365		477		—		—		365		477		842		9	1940	5/15/2019
Medical / Dental	Groesbeck	TX			142		406		—		—		142		406		548		8	2005	5/15/2019
Medical / Dental	Greenville	TX			172		609		—		—		172		609		781		13	1985	5/15/2019
Medical / Dental	Marshall	TX			487		1,167		—		—		487		1,167		1,654		22	1969	5/15/2019
Pet Care Services	Prescott	AZ			223		1,277		—		—		223		1,277		1,500		21	1990	5/24/2019
Entertainment	Trussville	AL			4,403		5,693		—		—		4,403		5,693		10,096		111	2002	5/30/2019
Early Childhood Education	Coral Springs	FL			1,939		2,639		—		—		1,939		2,639		4,578		53	2004	5/31/2019
Convenience Stores	New Lexington	OH			595		832		—		—		595		832		1,427		25	1997	6/6/2019
Convenience Stores	Waterford	PA			467		383		—		—		467		383		850		18	1996	6/6/2019
Convenience Stores	Creston	OH			596		630		—		—		596		630		1,226		17	1997	6/6/2019
Convenience Stores	Alexandria	KY			425		502		—		—		425		502		927		19	1998	6/6/2019
Convenience Stores	Richmond	KY			1,132		357		—		—		1,132		357		1,489		20	1998	6/6/2019
Convenience Stores	Canton	OH			782		392		—		—		782		392		1,174		21	1998	6/6/2019
Convenience Stores	Wooster	OH			516		862		—		—		516		862		1,378		26	1998	6/6/2019
Convenience Stores	Louisville	KY			571		395		—		—		571		395		966		17	1998	6/6/2019
Convenience Stores	Fairfield	OH			426		305		—		—		426		305		731		14	1999	6/6/2019
Convenience Stores	Nicholasville	KY			864		264		—		—		864		264		1,128		14	1999	6/6/2019
Convenience Stores	Louisville	KY			634		772		—		—		634		772		1,406		22	1998	6/6/2019
Convenience Stores	Paris	KY			965		538		—		—		965		538		1,503		20	1998	6/6/2019
Convenience Stores	Fairborn	OH			553		386		—		—		553		386		939		16	1998	6/6/2019
Convenience Stores	Eastlake	OH			804		861		—		—		804		861		1,665		31	1998	6/6/2019
Convenience Stores	Beavercreek	OH			1,066		574		—		—		1,066		574		1,640		30	1999	6/6/2019
Convenience Stores	Milford	OH			675		738		—		—		675		738		1,413		27	1998	6/6/2019
Convenience Stores	Louisville	KY			883		402		—		—		883		402		1,285		19	1998	6/6/2019
Convenience Stores	Wauseon	OH			722		381		—		—		722		381		1,103		19	1998	6/6/2019

Description(a)				Initial Cost to Company				Cost Capitalized Subsequent to Acquisition				Gross Amount at December 31, 2019(b)(c)						Accumulated
Tenant Industry	City	State	Encumbrances	Land & Improvements		Building & Improvements		Land & Improvements		Building & Improvements		Land & Improvements		Building & Improvements		Total		Depreciation (d)(e)		Year Constructed	Date Acquired
Convenience Stores	Milan	OH		$	585	$	770	$	—	$	—	$	585	$	770	$	1,355	$	28	1999	6/6/2019
Convenience Stores	Canton	OH			565		767		—		—		565		767		1,332		24	1999	6/6/2019
Convenience Stores	Mount Sterling	KY			721		383		—		—		721		383		1,104		14	1998	6/6/2019
Convenience Stores	Lorain	OH			696		854		—		—		696		854		1,550		32	1999	6/6/2019
Convenience Stores	Fairdale	KY			683		711		—		—		683		711		1,394		26	1999	6/6/2019
Convenience Stores	South Bloomfield	OH			1,381		894		—		—		1,381		894		2,275		53	1999	6/6/2019
Convenience Stores	Newtown	OH			373		346		—		—		373		346		719		12	1999	6/6/2019
Convenience Stores	Hudson	OH			1,270		670		—		—		1,270		670		1,940		36	1999	6/6/2019
Convenience Stores	Seymour	IN			840		838		—		—		840		838		1,678		34	1999	6/6/2019
Convenience Stores	Powell	OH			841		503		—		—		841		503		1,344		22	1996	6/6/2019
Convenience Stores	Avon	OH			561		392		—		—		561		392		953		13	1999	6/6/2019
Convenience Stores	Columbus	OH			644		702		—		—		644		702		1,346		27	1999	6/6/2019
Convenience Stores	Louisville	KY			1,119		450		—		—		1,119		450		1,569		24	1999	6/6/2019
Convenience Stores	Bedford	OH			655		619		—		—		655		619		1,274		22	1999	6/6/2019
Convenience Stores	Elizabethtown	KY			1,446		856		—		—		1,446		856		2,302		37	1999	6/6/2019
Convenience Stores	Parma	OH			884		903		—		—		884		903		1,787		29	2001	6/6/2019
Restaurants - Casual Dining	Warren	MI			983		1,685		—		—		983		1,685		2,668		39	1969	6/7/2019
Restaurants - Casual Dining	Detroit	MI			572		923		—		—		572		923		1,495		19	1948	6/7/2019
Restaurants - Casual Dining	Dearborn	MI			702		2,397		—		—		702		2,397		3,099		40	1992	6/7/2019
Restaurants - Casual Dining	Farmington Hills	MI			883		2,337		—		—		883		2,337		3,220		45	1964	6/7/2019
Restaurants - Casual Dining	Livonia	MI			943		1,725		—		—		943		1,725		2,668		36	1974	6/7/2019
Restaurants - Quick Service	Albion	NY	{f}		600		1,089		—		—		600		1,089		1,689		22	1968	6/12/2019
Medical / Dental	Huntsville	TX			277		503		—		—		277		503		780		10	2003	6/13/2019
Medical / Dental	Longview	TX			257		452		—		—		257		452		709		7	1998	6/13/2019
Convenience Stores	Deming	NM			384		676		—		—		384		676		1,060		14	1990	6/21/2019
Restaurants - Casual Dining	Danville	IL	{f}		553		1,619		—		—		553		1,619		2,172		28	1991	6/26/2019
Restaurants - Casual Dining	Wooster	OH	{f}		955		1,720		—		—		955		1,720		2,675		29	1995	6/26/2019
Restaurants - Casual Dining	New Philadelphia	OH			1,116		2,001		—		—		1,116		2,001		3,117		33	1991	6/26/2019
Restaurants - Casual Dining	Bristol	VA			1,136		1,991		—		—		1,136		1,991		3,127		32	2005	6/26/2019
Early Childhood Education	Olympia	WA			377		1,569		—		—		377		1,569		1,946		25	2002	6/27/2019
Early Childhood Education	Tumwater	WA			665		1,003		—		—		665		1,003		1,668		15	1997	6/27/2019
Early Childhood Education	Klamath Falls	OR			447		1,202		—		—		447		1,202		1,649		20	2010	6/27/2019
Early Childhood Education	Gig Harbor	WA			546		665		—		—		546		665		1,211		11	1990	6/27/2019
Early Childhood Education	Olympia	WA			477		566		—		—		477		566		1,043		11	1984	6/27/2019
Early Childhood Education	Tacoma	WA			427		1,410		—		—		427		1,410		1,837		23	1987	6/27/2019
Early Childhood Education	Olympia	WA			218		506		—		—		218		506		724		9	1924	6/27/2019
Restaurants - Casual Dining	Cadillac	MI			41		1,627		—		—		41		1,627		1,668		20	1906	6/27/2019
Restaurants - Casual Dining	Alden	MI			102		671		—		—		102		671		773		9	1952	6/27/2019
Medical / Dental	Highland	AR	{f}		182		1,060		—		—		182		1,060		1,242		17	2008	6/27/2019
Restaurants - Family Dining	Kelso	WA			804		1,846		—		—		804		1,846		2,650		33	1982	6/27/2019
Restaurants - Family Dining	Port Orchard	WA			983		2,015		—		—		983		2,015		2,998		37	1999	6/27/2019
Restaurants - Family Dining	Milwaukee	WI			1,526		2,365		—		—		1,526		2,365		3,891		46	2018	6/28/2019
Restaurants - Quick Service	Sisseton	SD			70		259		—		—		70		259		329		5	1984	6/28/2019
Restaurants - Quick Service	Knoxville	IA			199		528		—		—		199		528		727		11	1972	6/28/2019
Restaurants - Quick Service	Centerville	IA			259		538		—		—		259		538		797		11	1975	6/28/2019
Pet Care Services	Lancaster	SC			554		1,017		—		—		554		1,017		1,571		18	1994	6/28/2019
Convenience Stores	Yuma	CO	{f}		430		990		—		—		430		990		1,420		18	1977	6/28/2019
Car Washes	Sioux Falls	SD			757		2,519		—		—		757		2,519		3,276		38	2006	6/28/2019
Car Washes	Sioux Falls	SD			627		1,852		—		—		627		1,852		2,479		30	2015	6/28/2019
Car Washes	Sioux Falls	SD			1,225		2,678		—		—		1,225		2,678		3,903		42	2017	6/28/2019
Car Washes	Sioux Falls	SD			1,484		2,768		—		—		1,484		2,768		4,252		43	2017	6/28/2019
Medical / Dental	Amarillo	TX	{f}		396		2,588		—		—		396		2,588		2,984		35	1994	6/28/2019

Description(a)				Initial Cost to Company				Cost Capitalized Subsequent to Acquisition				Gross Amount at December 31, 2019(b)(c)						Accumulated
Tenant Industry	City	State	Encumbrances	Land & Improvements		Building & Improvements		Land & Improvements		Building & Improvements		Land & Improvements		Building & Improvements		Total		Depreciation (d)(e)		Year Constructed	Date Acquired
Early Childhood Education	Nashville	TN		$	1,326	$	1,945	$	—	$	—	$	1,326	$	1,945	$	3,271	$	45	1996	7/5/2019
Early Childhood Education	Myrtle Beach	SC			319		532		—		36		319		568		887		11	1999	7/5/2019
Health and Fitness	Champaign	IL			1,133		2,226		—		2,150		1,133		4,376		5,509		50	1986	7/11/2019
Convenience Stores	Flippin	AR			518		269		—		—		518		269		787		11	2004	7/16/2019
Convenience Stores	Mountain Home	AR			229		348		—		—		229		348		577		7	1960	7/16/2019
Convenience Stores	Milan	TN			358		279		—		—		358		279		637		8	2003	7/16/2019
Convenience Stores	Wynne	AR			378		219		—		—		378		219		597		9	1992	7/16/2019
Convenience Stores	Montain View	AR			438		2,678		—		—		438		2,678		3,116		35	1999	7/16/2019
Convenience Stores	Bull Shoals	AR			319		259		—		—		319		259		578		8	1999	7/16/2019
Convenience Stores	Marshall	AR			856		2,011		—		—		856		2,011		2,867		33	2012	7/16/2019
Convenience Stores	Mountain Home	AR			368		378		—		—		368		378		746		10	1999	7/16/2019
Convenience Stores	Midway	AR			388		488		—		—		388		488		876		12	1995	7/16/2019
Convenience Stores	West Plains	MO			159		368		—		—		159		368		527		7	2000	7/16/2019
Restaurants - Quick Service	Cabot	AR			479		1,189		—		—		479		1,189		1,668		17	2008	7/31/2019
Restaurants - Quick Service	Searcy	AR			359		1,150		—		—		359		1,150		1,509		16	2008	7/31/2019
Restaurants - Quick Service	Conway	AR			528		1,045		—		—		528		1,045		1,573		14	2009	7/31/2019
Medical / Dental	Amarillo	TX			1,309		6,791		—		—		1,309		6,791		8,100		79	1994	7/31/2019
Restaurants - Quick Service	Owosso	MI			693		732		—		—		693		732		1,425		11	1998	8/15/2019
Restaurants - Quick Service	Stevensville	MI			655		712		—		—		655		712		1,367		11	1981	8/15/2019
Early Childhood Education	Schaumburg	IL			866		—		—		—		866		—		866		—		8/30/2019
Restaurants - Quick Service	Cloverdale	IN			226		288		—		341		226		629		855		5	1996	9/3/2019
Restaurants - Quick Service	Port Huron	MI			784		746		—		—		784		746		1,530		9	1973	9/5/2019
Restaurants - Quick Service	Cedar Springs	MI			671		1,369		—		—		671		1,369		2,040		14	2000	9/5/2019
Health and Fitness	Gainesville	FL			1,312		2,488		—		581		1,312		3,069		4,381		24	1983	9/6/2019
Restaurants - Quick Service	Louisville	MS	{f}		155		680		—		—		155		680		835		7	2018	9/13/2019
Restaurants - Quick Service	Macon	MS	{f}		330		340		—		—		330		340		670		5	1992	9/13/2019
Restaurants - Quick Service	Ruleville	MS	{f}		196		422		—		—		196		422		618		6	2017	9/13/2019
Restaurants - Quick Service	Quitman	MS	{f}		309		237		—		—		309		237		546		5	1978	9/13/2019
Restaurants - Quick Service	Philadelphia	MS	{f}		330		371		—		—		330		371		701		7	2003	9/13/2019
Restaurants - Quick Service	Prentiss	MS	{f}		350		350		—		—		350		350		700		6	1978	9/13/2019
Restaurants - Quick Service	Aston	PA			440		522		—		—		440		522		962		8	1963	9/13/2019
Restaurants - Quick Service	Essex	MD			338		624		—		—		338		624		962		8	2002	9/13/2019
Pet Care Services	Kittrell	NC	{f}		303		394		—		—		303		394		697		5	2014	9/19/2019
Convenience Stores	Gassville	AR			1,178		673		—		—		1,178		673		1,851		18	1999	9/20/2019
Convenience Stores	West Plains	MO			663		327		—		—		663		327		990		11	1999	9/20/2019
Convenience Stores	Bald Knob	AR			1,258		743		—		—		1,258		743		2,001		23	2006	9/20/2019
Convenience Stores	Willow Springs	MO			663		1,327		—		—		663		1,327		1,990		18	2003	9/20/2019
Convenience Stores	Mountain Home	AR			852		396		—		—		852		396		1,248		12	1999	9/20/2019
Convenience Stores	Jonesboro	AR			1,396		505		—		—		1,396		505		1,901		21	1998	9/20/2019
Convenience Stores	Calico Rock	AR			475		327		—		—		475		327		802		9	1979	9/20/2019
Convenience Stores	Wheatley	AR			733		535		—		—		733		535		1,268		14	1993	9/20/2019
Convenience Stores	Atkins	AR			525		376		—		—		525		376		901		7	1990	9/20/2019
Convenience Stores	Russellville	AR			426		455		—		—		426		455		881		9	1991	9/20/2019
Convenience Stores	Russellville	AR			525		396		—		—		525		396		921		9	2000	9/20/2019
Convenience Stores	Harrisburg	AR			446		842		—		—		446		842		1,288		11	2007	9/20/2019
Convenience Stores	Horseshoe Bend	AR			376		327		—		—		376		327		703		6	1999	9/20/2019
Convenience Stores	Koshkonong	MO			604		743		—		—		604		743		1,347		12	1997	9/20/2019
Health and Fitness	Greenville	SC			732		1,361		—		—		732		1,361		2,093		10	1993	9/25/2019
Health and Fitness	Anderson	SC			691		1,402		—		—		691		1,402		2,093		11	1997	9/25/2019
Health and Fitness	Spartanburg	SC			1,052		1,474		—		—		1,052		1,474		2,526		12	2010	9/25/2019
Car Washes	Denver	CO			1,594		1,484		—		—		1,594		1,484		3,078		14	2012	9/26/2019
Car Washes	Aurora	CO			703		1,504		—		—		703		1,504		2,207		13	2008	9/26/2019

Description(a)				Initial Cost to Company				Cost Capitalized Subsequent to Acquisition				Gross Amount at December 31, 2019(b)(c)						Accumulated
Tenant Industry	City	State	Encumbrances	Land & Improvements		Building & Improvements		Land & Improvements		Building & Improvements		Land & Improvements		Building & Improvements		Total		Depreciation (d)(e)		Year Constructed	Date Acquired
Car Washes	Denver	CO		$	1,103	$	1,805	$	—	$	—	$	1,103	$	1,805	$	2,908	$	15	2014	9/26/2019
Car Washes	Fort Collins	CO			491		1,093		—		—		491		1,093		1,584		9	2002	9/26/2019
Car Washes	Thornton	CO			582		1,795		—		—		582		1,795		2,377		15	2018	9/26/2019
Restaurants - Family Dining	Cheyenne	WY			739		1,569		—		—		739		1,569		2,308		13	1982	9/27/2019
Early Childhood Education	Frankfort	KY			387		1,224		—		—		387		1,224		1,611		10	2002	9/27/2019
Pet Care Services	Onalaska	WI	{f}		403		598		—		—		403		598		1,001		6	2011	9/27/2019
Restaurants - Quick Service	Jonesboro	AR			1,213		1,108		—		—		1,213		1,108		2,321		10	2006	9/30/2019
Restaurants - Quick Service	Bryant	AR			622		885		—		—		622		885		1,507		7	2008	9/30/2019
Restaurants - Casual Dining	West Chester	OH			878		1,088		—		—		878		1,088		1,966		11	2004	9/30/2019
Early Childhood Education	Leawood	KS	{f}		867		851		—		—		867		851		1,718		10	2007	9/30/2019
Grocery	Claremore	OK	{f}		246		3,330		—		—		246		3,330		3,576		23	1989	9/30/2019
Other Services	Little Rock	AR			1,492		1,037		—		—		1,492		1,037		2,529		6	1982	9/30/2019
Other Services	Conyers	GA			1,821		6,235		—		—		1,821		6,235		8,056		36	1999	9/30/2019
Other Services	LaVergne	TN			2,790		2,302		—		—		2,790		2,302		5,092		13	2018	9/30/2019
Other Services	Seattle	WA			2,905		3,287		—		—		2,905		3,287		6,192		16	1977	9/30/2019
Automotive Service	Albany	GA			410		421		—		—		410		421		831		4	1994	10/1/2019
Automotive Service	Bainridge	GA			339		288		—		—		339		288		627		2	1999	10/1/2019
Automotive Service	Hinesville	GA			298		310		—		—		298		310		608		3	1998	10/1/2019
Automotive Service	Macon	GA			154		287		—		—		154		287		441		2	2000	10/1/2019
Automotive Service	Perry	GA			133		447		—		—		133		447		580		3	1996	10/1/2019
Automotive Service	Valdosta	GA			215		274		—		—		215		274		489		3	1996	10/1/2019
Automotive Service	Pratville	AL			451		636		—		—		451		636		1,087		5	2003	10/1/2019
Automotive Service	Montgomery	AL			318		246		—		—		318		246		564		2	1991	10/1/2019
Pet Care Services	Medford	OR	{f}		192		324		—		—		192		324		516		3	1990	10/4/2019
Medical / Dental	Horizon City	TX			3,587		11,550		—		—		3,587		11,550		15,137		85	2017	10/10/2019
Medical / Dental	El Paso	TX			121		11,529		—		—		121		11,529		11,650		74	2019	10/10/2019
Convenience Stores	Houston	TX			631		662		—		—		631		662		1,293		7	2009	10/11/2019
Convenience Stores	Pasadena	TX			869		2,152		—		—		869		2,152		3,021		20	2016	10/11/2019
Early Childhood Education	Conway	SC			201		-		—		—		201		—		201		—		10/17/2019
Convenience Stores	Avon	MN			673		1,204		—		—		673		1,204		1,877		10	2004	10/17/2019
Car Washes	Davenport	IA			1,038		1,705		—		—		1,038		1,705		2,743		12	2001	10/24/2019
Car Washes	Moline	IL			1,120		1,572		—		—		1,120		1,572		2,692		10	1998	10/24/2019
Medical / Dental	West Helena	AR			155		1,052		—		—		155		1,052		1,207		5	2003	10/28/2019
Other Services	Springfield	MO			1,313		1,663		—		—		1,313		1,663		2,976		6	2007	10/31/2019
Early Childhood Education	Charlotte	NC			860		1,657		—		—		860		1,657		2,517		8	1996	11/1/2019
Pet Care Services	Brandon	FL			134		876		—		—		134		876		1,010		4	2003	11/1/2019
Pet Care Services	Griffin	GA			196		495		—		—		196		495		691		3	1979	11/1/2019
Pet Care Services	Indianapolis	IN			165		453		—		—		165		453		618		3	1967	11/1/2019
Pet Care Services	Wildwood	FL			350		1,165		—		—		350		1,165		1,515		7	2005	11/1/2019
Early Childhood Education	Tucson	AZ			586		885		—		—		586		885		1,471		5	1965	11/5/2019
Early Childhood Education	Tucson	AZ			339		730		—		—		339		730		1,069		4	1975	11/5/2019
Early Childhood Education	Tucson	AZ			463		1,440		—		—		463		1,440		1,903		7	1985	11/5/2019
Early Childhood Education	Tempe	AZ			494		586		—		—		494		586		1,080		3	1971	11/5/2019
Early Childhood Education	Tucson	AZ			401		453		—		—		401		453		854		3	1971	11/5/2019
Early Childhood Education	Tucson	AZ			411		411		—		—		411		411		822		2	1932	11/5/2019
Early Childhood Education	Tucson	AZ			422		576		—		—		422		576		998		3	1986	11/5/2019
Early Childhood Education	Tucson	AZ			444		566		—		—		444		566		1,010		3	1958	11/5/2019
Early Childhood Education	Tucson	AZ			370		288		—		—		370		288		658		2	1976	11/5/2019

Description(a)				Initial Cost to Company				Cost Capitalized Subsequent to Acquisition				Gross Amount at December 31, 2019(b)(c)						Accumulated
Tenant Industry	City	State	Encumbrances	Land & Improvements		Building & Improvements		Land & Improvements		Building & Improvements		Land & Improvements		Building & Improvements		Total		Depreciation (d)(e)		Year Constructed	Date Acquired
Convenience Stores	Houston	TX		$	211	$	1,414	$	—	$	—	$	211	$	1,414	$	1,625		7	1975	11/14/2019
Convenience Stores	Houston	TX			221		1,402		—		—		221		1,402		1,623		8	1965	11/14/2019
Convenience Stores	Prairie View	TX			241		1,178		—		—		241		1,178		1,419		7	1984	11/14/2019
Restaurants - Quick Service	Lewisburg	TN	{f}		461		676		—		—		461		676		1,137		3	2016	11/18/2019
Restaurants - Quick Service	Odessa	TX			601		1,353		—		—		601		1,353		1,954		5	2019	11/21/2019
Restaurants - Quick Service	Odessa	TX			1,031		1,353		—		—		1,031		1,353		2,384		5	2019	11/21/2019
Other Services	Salt Lake City	UT			1,731		3,542		—		—		1,731		3,542		5,273		8	1973	11/27/2019
Other Services	Sanford	FL			1,498		1,859		—		—		1,498		1,859		3,357		5	1964	11/27/2019
Convenience Stores	Mosinee	WI			351		812		—		—		351		812		1,163		3	1975	12/2/2019
Car Washes	Ocala	FL			1,383		2,644		—		—		1,383		2,644		4,027		7	2019	12/10/2019
Car Washes	Hampstead	NC			1,129		2,644		—		—		1,129		2,644		3,773		7	2019	12/10/2019
Medical / Dental	Conyers	GA			393		2,078		—		—		393		2,078		2,471		6	1996	12/12/2019
Medical / Dental	Covington	GA			373		1,816		—		—		373		1,816		2,189		5	2004	12/12/2019
Automotive Service	Fayetteville	GA	{f}		347		746		—		—		347		746		1,093		2	2006	12/13/2019
Early Childhood Education	Boulder	CO			742		801		—		—		742		801		1,543		2	1988	12/13/2019
Restaurants - Quick Service	Columbia City	IN			312		171		—		—		312		171		483		—	1973	12/17/2019
Restaurants - Quick Service	North Manchester	IN			363		272		—		—		363		272		635		—	1987	12/17/2019
Restaurants - Quick Service	Winona	MS			522		1,126		—		—		522		1,126		1,648		—	2019	12/19/2019
Restaurants - Quick Service	Hazlehurst	MS			522		1,269		—		—		522		1,269		1,791		—	2019	12/19/2019
Restaurants - Quick Service	Vicksburg	MS			553		1,238		—		—		553		1,238		1,791		—	2019	12/19/2019
Restaurants - Quick Service	Blytheville	AR			849		1,126		—		—		849		1,126		1,975		—	2019	12/19/2019
Restaurants - Quick Service	Wynne	AR			665		931		—		—		665		931		1,596		—	2019	12/19/2019
Restaurants - Quick Service	Salem	IN			532		1,013		—		—		532		1,013		1,545		—	2019	12/19/2019
Restaurants - Quick Service	Ashland City	TN			614		1,044		—		—		614		1,044		1,658		—	2019	12/19/2019
Restaurants - Quick Service	Shelbyville	KY			911		972		—		—		911		972		1,883		—	2018	12/19/2019
Restaurants - Quick Service	Whiteland	IN			389		839		—		—		389		839		1,228		—	2003	12/19/2019
Restaurants - Quick Service	Bloomington	IN			225		665		—		—		225		665		890		—	2018	12/23/2019
Restaurants - Quick Service	Cheektowaga	NY			1,381		1,903		—		—		1,381		1,903		3,284		—	2000	12/23/2019
Restaurants - Quick Service	Memphis	TN			880		921		—		—		880		921		1,801		—	2019	12/23/2019
Restaurants - Quick Service	Somerset	KY			798		1,105		—		—		798		1,105		1,903		—	2019	12/23/2019
Car Washes	Sioux Falls	SD			1,075		3,384		—		—		1,075		3,384		4,459		—	1992	12/19/2019
Car Washes	Sioux Falls	SD			723		2,882		—		—		723		2,882		3,605		—	1987	12/19/2019
Car Washes	Sioux City	IA			707		—		—		—		707		—		707		—		12/19/2019
Car Washes	South Sioux City	NE			303		—		—		—		303		—		303		—		12/19/2019
Automotive Service	Crystal Lake	IL			265		1,103		—		—		265		1,103		1,368		—	1974	12/20/2019
Car Washes	Jonesboro	AR			1,217		4,776		—		—		1,217		4,776		5,993		—	2019	12/20/2019
Medical / Dental	Grand Blanc	MI			748		1,537		—		—		748		1,537		2,285		—	2007	12/23/2019
Convenience Stores	Roscoe	IL			656		832		—		—		656		832		1,488		—	1999	12/27/2019
Medical / Dental	Arnold	MO	{f}		417		823		—		—		417		823		1,240		—	2015	12/30/2019
Medical / Dental	Allen	TX			397		2,230		—				397		2,230		2,627		—	1983	12/31/2019
Medical / Dental	Flower Mound	TX			427		905		—		—		427		905		1,332		—	1999	12/31/2019
Medical / Dental	Plano	TX			376		1,698		—		—		376		1,698		2,074		—	1998	12/31/2019
				$	585,508	$	1,178,786	$	2,771	$	45,897	$	588,279	$	1,224,682	$	1,812,961	$	71,445

(a)	As of December 31, 2018, the Company had investments in 1,000 single-tenant real estate property locations including 906 owned properties and 12 ground lease interests. All or a portion of 5 of the Company’s owned properties and 1 property subject to ground lease interests are subject to leases accounted for as direct financing leases and the portions relating to the direct financing leases are excluded from the table above. The Company owns three properties which are accounted for as a loan receivable, as the leases contain purchase options. Initial costs exclude intangible lease assets totaling $64.9 million.
(b)	The aggregate cost for federal income tax purposes is $1.9 billion.
(c)	The following is a reconciliation of carrying value for land and improvements and building and improvements for the periods presented:

	Year ended December 31, 2019			Year ended December 31, 2018			Year ended December 31, 2017
Balance, beginning of period	$	1,306,504		$	866,762		$	396,193
Additions
Acquisitions		568,680			495,265			514,354
Improvements		3,283			1,689			4,666
Deductions
Provisions for impairment of real estate		(1,527	)		(1,997	)		(2,277	)
Real Estate Investments Held for Sale		(1,211	)		—			—
Cost of real estate sold		(62,768	)		(55,215	)		(46,174	)
Balance, end of period	$	1,812,961		$	1,306,504		$	866,762

(d) The following is a reconciliation of accumulated depreciation for the periods presented:

	Year ended December 31, 2019			Year ended December 31, 2018			Year ended December 31, 2017
Balance, beginning of period	$	37,904		$	15,356		$	2,903
Additions
Depreciation expense		36,354			24,854			14,045
Deductions
Accumulated depreciation associated with real estate sold		(2,813	)		(2,306	)		(1,592	)
Balance, end of period	$	71,445		$	37,904		$	15,356

(e)	Depreciation is calculated using the straight-line method over the estimated useful lives of the properties, which is up to 40 years for buildings and improvements and 15 years for land improvements.
(f)	Property is collateral for non-recourse debt obligations totaling $239.1 million issued under the Company’s Master Trust Funding Program.
(g)	Amounts shown as reductions to cost capitalized subsequent to acquisition represent provisions recorded for impairment of real estate.

See accompanying report of independent registered public accounting firm.