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Registrant incorporates by reference into Part III (Items 10, 11, 12, 13 and 14) of this Annual Report on Form 10-K portions of National Retail Properties, Inc.’s definitive Proxy Statement for the 2020 Annual Meeting of Stockholders to be filed with the Securities and Exchange Commission (the “Commission”) pursuant to Regulation 14A. The definitive Proxy Statement will be filed with the Commission not later than 120 days after the end of the fiscal year covered by this Annual Report on Form 10-K.

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•	Changes in financial and economic conditions may have an adverse impact on NNN, its tenants, and commercial real estate in general;

•	Loss of rent from tenants would reduce NNN’s cash flow;

•	A significant portion of NNN’s annual base rent is concentrated in specific industry classifications, tenants and geographic locations;

•	NNN may not be able to successfully execute its acquisition or development strategies;

•	NNN may not be able to dispose of properties consistent with its operating strategy;

•	Certain provisions of NNN’s leases or loan agreements may be unenforceable;

•	Competition from numerous other real estate investment trusts (“REIT”), commercial developers, real estate limited partnerships and other investors may impede NNN’s ability to grow;

•	NNN's loss of key management personnel could adversely affect performance and the value of its securities;

•	Uninsured losses may adversely affect NNN’s operating results and asset values;

•	NNN’s ability to fully control the management of its net-leased properties may be limited;

•	Vacant properties or bankrupt tenants could adversely affect NNN’s business or financial condition;

•	NNN’s failure to maintain effective internal control over financial reporting could have a material adverse effect on its business, operating results and the market value of NNN's securities;

•	Cybersecurity risks and cyber incidents could adversely affect NNN's business, disrupt operations and expose NNN to liabilities to tenants, employees, capital providers, and other third parties;

•	Future investment in international markets could subject NNN to additional risks;

•	NNN may suffer a loss in the event of a default or bankruptcy of a tenant or borrower;

•	Property ownership through joint ventures and partnerships could limit NNN’s control of those investments;

•	Acts of violence, terrorist attacks or war may affect the markets in which NNN operates and NNN’s results of operations;

•	Changes in accounting pronouncements could adversely impact NNN’s or NNN’s tenants’ reported financial performance;

•	NNN may be unable to obtain debt or equity capital on favorable terms, if at all;

•	The amount of debt NNN has and the restrictions imposed by that debt could adversely affect NNN’s business and financial condition;

•	NNN is obligated to comply with financial and other covenants in its debt instruments that could restrict its operating activities, and the failure to comply with such covenants could result in defaults that accelerate the payment of such debt;

•	The market value of NNN’s equity and debt securities is subject to various factors that may cause significant fluctuations or volatility;

•	NNN’s ability to pay dividends in the future is subject to many factors;

•	The phase-out of LIBOR could affect interest rates under NNN's variable rate debt;

•	Owning real estate and indirect interests in real estate carries inherent risks;

•	NNN’s real estate investments are illiquid;

•	NNN may be subject to known or unknown environmental liabilities and hazardous materials on Properties owned by NNN;

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•	The cost of complying with changes in governmental laws and regulations may adversely affect NNN’s results of operations;

•	NNN’s failure to qualify as a REIT for federal income tax purposes could result in significant tax liability;

•	Even if NNN remains qualified as a REIT, NNN faces other tax liabilities that reduce operating results and cash flow;

•	Adverse legislative or regulatory tax changes could reduce NNN’s earnings and cash flow and the market value of NNN’s securities; and

•	Compliance with REIT requirements, including distribution requirements, may limit NNN’s flexibility and may negatively affect NNN’s operating decisions;

•	The share ownership restrictions of the Internal Revenue Code for REITs and the 9.8% share ownership limit in NNN’s charter may inhibit market activity in NNN’s shares of stock and restrict NNN’s business combination opportunities; and

•	Non-compliance with Title III of the Americans with Disabilities Act of 1990 could have an adverse effect on NNN's business and operating results.

Item 1.	Business

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•	the location, visibility and accessibility of the property,

•	the geographic area and demographic characteristics of the community,

•	the local real estate market conditions, including potential for growth, redevelopment, market rents, and existing or potential competing properties or retailers,

•	the size, age and title status of the property,

•	the quality of construction and design and the current physical condition of the property,

•	the potential for, and current extent of, any environmental problems,

•	the purchase price,

•	the non-financial lease terms of the proposed acquisition,

•	the availability of funds or other consideration for the proposed acquisition and the cost thereof,

•	the compatibility of the property with NNN’s existing Property Portfolio,

•	the property-level operating history,

•	the financial and other characteristics of the existing tenant,

•	the tenant’s business plan, operating history and management team,

•	the tenant’s industry,

•	the terms of any lease,

•	the rent to be paid by the tenant,

•	any existing indebtedness encumbering the property which may be assumed in connection with acquiring or refinancing these investments, and

•	the merits relative to other opportunities.

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(1)	Approximate square feet.

(2)	Costs vary depending upon size, improvements, local market conditions and other factors.

(1)	Includes land, construction costs, tenant improvements, lease costs and capitalized interest.

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(1)	Based on annualized base rent for all leases in place as of December 31, 2019.

(2)	Approximate square feet.

(1)	Based on annualized base rent for all leases in place as of December 31 of the respective year.

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(1)	Based on annualized base rent for all leases in place as of December 31, 2019.

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Item 1A.	Risk Factors

•	the financial condition of NNN’s tenants may be adversely affected, which may result in tenant defaults under the leases due to bankruptcy, lack of liquidity, operational failures or for other reasons,

•

the ability to raise equity capital or to raise equity capital or borrow on terms and conditions that NNN finds acceptable may be limited or unavailable, which could reduce NNN’s ability to pursue acquisition and development opportunities and refinance existing debt, reduce NNN’s returns from acquisition and development activities, reduce NNN’s ability to make cash distributions to its stockholders and increase NNN’s future interest expense,

•	the recognition of impairment charges on or reduced values of the Properties, may adversely affect NNN's results of operations,

•	reduced values of the Properties may limit NNN's ability to dispose of assets at attractive prices and reduce the availability of buyer financing, and

•

the value and liquidity of NNN’s short-term investments and cash deposits could be reduced as a result of (i) a deterioration of the financial condition of the institutions that hold NNN’s cash deposits or the institutions or assets in which NNN has made short-term investments, (ii) the dislocation of the markets for NNN’s short-term investments, (iii) increased volatility in market rates for such investments or (iv) other factors.

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•	54.4% of the Property Portfolio annual base rent is generated from tenants in five retail lines of trade, including convenience stores (18.2%) and full-service and limited-service restaurants (19.9%),

•	21.0% of the Property Portfolio annual base rent is generated from five tenants, 7-Eleven (5.0%), Mister Car Wash (4.6%), Camping World (4.2%), LA Fitness (3.7%) and Flynn Restaurant Group (Taco Bell/Arby's) (3.5%), and

•	41.7% of the Property Portfolio annual base rent is generated from properties located in five states, including Texas (17.6%) and Florida (8.8%).

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•	a third party,

•	natural disaster,

•	a failure of hardware or software due to a design or programmatic flaw,

•	a failure of hardware or software security controls,

•	telecommunications system failure,

•	service provider error or failure,

•	fraudulent transactions,

•	intentional or unintentional personnel actions, or

•	lost connectivity to NNN’s networked resources.

•	loss of revenues or tenant relationships,

•	unintended and/or unauthorized public disclosure or the misappropriation of proprietary, personal identifying and confidential information, and

•	NNN to incur significant expenses to address and remediate or otherwise resolve these kinds of issues.

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•	require NNN to dedicate a substantial portion of its cash flow from operations to payments on its debt, thereby reducing funds available for operations, real estate investments and other business opportunities that may arise in the future,

•	increase NNN’s vulnerability to general adverse economic and industry conditions,

•	limit NNN’s ability to obtain any additional financing it may need in the future for working capital, debt refinancing, capital expenditures, real estate investments, development or other general corporate purposes,

•	make it difficult to satisfy NNN’s debt service requirements,

•	limit NNN’s ability to pay dividends in cash on its outstanding common and preferred stock,

•	limit NNN’s flexibility in planning for, or reacting to, changes in its business and the factors that affect the profitability of its business, and

•	limit NNN’s flexibility in conducting its business, which may place NNN at a disadvantage compared to competitors with less debt or debt with less restrictive terms.

•	incur or guarantee additional debt,

•	make certain distributions, investments and other restricted payments,

•	enter into transactions with certain affiliates,

•	create certain liens,

•	consolidate, merge or sell NNN’s assets, and

•	pre-pay debt.

•	requiring the maintenance of the property securing the debt,

•	restricting its ability to sell, assign or further encumber the properties securing the debt,

•	restricting its ability to incur additional debt on the property securing the debt,

•	restricting modifications to property improvements,

•	restricting its ability to amend or modify existing leases on the property securing the debt, and

•	establishing certain prepayment restrictions.

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•	limit certain leverage ratios,

•	maintain certain minimum interest and debt service coverage ratios, and

•	limit investments in certain types of assets.

•	general economic and financial market conditions,

•	level and trend of interest rates,

•	changes in government taxation or regulatory policies,

•	NNN’s ability to access the capital markets to raise additional capital,

•	the issuance of additional equity or debt securities,

•	changes in NNN’s funds from operations or earnings estimates,

•	changes in NNN’s debt ratings or analyst ratings,

•	NNN’s financial condition and performance,

•	market perception of NNN compared to other REITs, and

•	market perception of REITs compared to other investment sectors.

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•	changes in national, regional and local economic conditions and outlook,

•	decreases in consumer spending and retail sales or adverse changes in consumer preferences for particular goods, services or store based retailing,

•	economic downturns in the areas where the Properties are located,

•	adverse changes in local real estate market conditions, such as an oversupply of space, reduction in demand for space, loss of a large employer, intense competition for tenants, or a demographic change,

•	changes in tenant or consumer preferences that reduce the attractiveness of the Properties to tenants,

•	changes in zoning, regulatory restrictions, or tax laws, and

•	changes in interest rates or availability of financing.

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Item 1B.	Unresolved Staff Comments

Item 2.	Properties

Item 3.	Legal Proceedings

Item 4.	Mine Safety Disclosures

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Item 5.	Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

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Item 6.	Selected Financial Data

(1)	Gross revenues include the aggregate of total revenue and interest and other income found on the Consolidated Statements of Income and Comprehensive Income.

(2)

The National Association of Real Estate Investment Trusts (“NAREIT”) developed Funds from Operations (“FFO”) as a relative non-U.S. generally accepted accounting principles (“GAAP”) financial measure of operating performance of an equity REIT in order to recognize that income-producing real estate historically has not depreciated on the basis determined under GAAP. FFO is defined by NAREIT and is used by NNN as follows: net earnings (computed in accordance with GAAP) plus depreciation and amortization of assets unique to the real estate industry, excluding gains (or including losses), any applicable taxes and noncontrolling interests on the disposition of certain assets, any impairment charges on a depreciable real estate asset and NNN’s share of these items from NNN’s unconsolidated partnerships and joint ventures.

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Item 7.	Management’s Discussion and Analysis of Financial Condition and Results of Operations

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(1)	Based on the annualized base rent for all leases in place as of December 31, 2019.

(2)	Approximate square feet.

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(1)	Based on annualized base rent for all leases in place as of December 31 of the respective year.

(1)	Based on annualized base rent for all leases in place as of December 31, 2019.

(1)	Includes dollars invested in projects under construction or tenant improvements for each respective year.

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(1)	Includes rental income from operating leases, earned income from direct financing leases and percentage rent ("Rental Revenues").

(i)	a partial year of Rental Revenue from 210 Properties with aggregate gross leasable area of approximately 3,164,000 square feet acquired in 2019, and

(ii)	a full year of Rental Revenue from 265 Properties with a gross leasable area of approximately 2,167,000 square feet acquired in 2018.

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•	$379,410,000 from the issuance of 7,000,000 shares of common stock in September,

•	$19,442,000 from the issuance of 362,918 shares of common stock in connection with the Dividend Reinvestment and Stock Purchase Plan (“DRIP”), and

•	$125,905,000 from the issuance of 2,344,022 shares of common stock in connection with the at-the-market ("ATM") equity program.

•	$13,201,000 to holders of the depositary shares of NNN’s 5.700% Series E Cumulative Redeemable Preferred Stock (the "Series E Preferred Stock"),

•	$17,940,000 to holders of the depositary shares of NNN’s 5.200% Series F Cumulative Redeemable Preferred Stock (the "Series F Preferred Stock"), and

•	$333,692,000 to common stockholders.

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(1)	Includes only principal amounts outstanding under mortgages payable and notes payable and excludes unamortized mortgage

(2)	Interest calculation based on stated rate of the principal amount.

(1)	Includes land, construction costs, tenant improvements, lease costs and capitalized interest

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(1)	Eligible for the 20% qualified business income deduction under section 199A of the Code that was amended by the Tax Cuts and Jobs Act signed into law on December 22, 2017, ("TCJA").

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(1)	The proceeds from the note issuance were used to pay down outstanding indebtedness of NNN’s Credit Facility, fund future property acquisitions and for general corporate purposes. Proceeds from the issuance of the 2028 Notes and the 2048 Notes were also used to redeem all of the $300,000 5.500% notes payable that were due 2021.

(2)	The note discounts are amortized to interest expense over the respective term of each debt obligation using the effective interest method.

(3)	Includes the effects of the discount at issuance.

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(1)	The deferred liability (asset) is being amortized over the term of the respective notes using the effective interest method.

(2)	The amount reported in accumulated other comprehensive income will be reclassified to interest expense as interest payments are made on the related notes payable.

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(1)	NNN's mortgages payable represent principal payments by year and include unamortized premiums and exclude debt costs.

(2)	Includes NNN’s notes payable, each exclude debt costs and are net of unamortized discounts. NNN uses market prices quoted from Bloomberg, a third party, which is a Level 1 input, to determine the fair value.

(3)	Weighted average effective interest rate for periods after 2024.

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(1)	Cash, cash equivalents and restricted cash is the aggregate of cash and cash equivalents and restricted cash and cash held in escrow from the Consolidated Balance Sheets. NNN did not have restricted cash or cash held in escrow as of December 31, 2019, 2018 and 2017.

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Organization and Nature of Business – National Retail Properties, Inc., a Maryland corporation, is a fully integrated real estate investment trust ("REIT") formed in 1984. The term "NNN" or the "Company" refers to National Retail Properties, Inc. and all of its consolidated subsidiaries. NNN may elect to treat certain subsidiaries as taxable REIT subsidiaries, ("TRS").

NNN's assets primarily include real estate assets. NNN acquires, owns, invests in and develops properties that are leased primarily to retail tenants under long-term net leases and are primarily held for investment ("Properties" or "Property Portfolio," or individually a "Property"). 

	December 31, 2019
Property Portfolio:
Total properties	3,118
Gross leasable area (square feet)	32,460,000
States	48
Weighted average remaining lease term (years)	11.2

NNN's operations are reported within one operating segment in the consolidated financial statements and all properties are considered part of the Properties or Property Portfolio. As such, property counts and calculations involving property counts reflect all NNN properties.

Principles of Consolidation – NNN’s consolidated financial statements include the accounts of each of the respective majority owned and controlled affiliates, including transactions whereby NNN has been determined to be the primary beneficiary in accordance with the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") guidance included in Consolidation. All significant intercompany account balances and transactions have been eliminated.

NNN consolidates certain joint venture development entities based upon either NNN being the primary beneficiary of the respective variable interest entity or NNN having a controlling interest over the respective entity. NNN eliminates significant intercompany balances and transactions and records a noncontrolling interest for its other partners’ ownership percentage.

Real Estate Portfolio – NNN records the acquisition of real estate at cost, including acquisition and closing costs. The cost of Properties developed or funded by NNN includes direct and indirect costs of construction, property taxes, interest and other miscellaneous costs incurred during the development period until the project is substantially complete and available for occupancy. For the years ended December 31, 2019, 2018 and 2017, NNN recorded $1,099,000, $2,675,000 and $2,435,000, respectively, in capitalized interest during development.

Purchase Accounting for Acquisition of Real Estate – In accordance with the FASB guidance on business combinations, consideration for the real estate acquired is allocated to the acquired tangible assets, consisting of land, building and tenant improvements and, if applicable, to identified intangible assets and liabilities, consisting of the value of above-market and below-market leases and the value of in-place leases, as applicable, based on their respective fair values.

The fair value estimate is sensitive to significant assumptions, such as establishing a range of relevant market assumptions for land, building and rent and where the acquired property falls within that range. These market assumptions for land, building and rent use the most relevant comparable properties for an acquisition. The final range relies upon ranking comparable properties' attributes from most similar to least similar.

The fair value of the tangible assets of an acquired property is determined by valuing the property as if it were vacant, and the "as-if-vacant" value is then allocated to land, building and tenant improvements based on the determination of their fair values.

In allocating the fair value of the identified intangible assets and liabilities of an acquired property, above-market and below-market in-place lease values are recorded as other assets or liabilities based on the present value (using an interest rate which

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reflects the risks associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to the in-place leases, and (ii) management’s estimate of fair market lease rates for the corresponding in-place leases, measured over a period equal to the remaining term of the lease and the applicable option terms if it is probable that the tenant will exercise options. The capitalized above-market lease values are amortized as a reduction of rental income over the remaining terms of the respective leases. The capitalized below-market lease values are amortized as an increase to rental income over the initial term unless the Company believes that it is likely that the tenant will renew the lease for an option term whereby the Company amortizes the value attributable to the renewal over the renewal period.

The aggregate value of other acquired intangible assets, consisting of in-place leases, is measured by the excess of (i) the purchase price paid for a property after adjusting existing in-place leases to market rental rates over (ii) the estimated fair value of the property as-if-vacant, determined as set forth above. The value of in-place leases exclusive of the value of above-market and below-market in-place leases is amortized to expense over the remaining non-cancelable periods of the respective leases. If a lease were to be terminated prior to its stated expiration, all unamortized amounts relating to that lease would be written off in that period. The value of tenant relationships is reviewed on individual transactions to determine if future value was derived from the acquisition.

NNN's real estate is generally leased to tenants on a net lease basis, whereby the tenant is responsible for all operating expenses relating to the Property, including property taxes, insurance, maintenance, repairs and capital expenditures. The leases are accounted for using either the operating or the direct financing method. Such methods are described below:

Operating method – Properties with leases accounted for using the operating method are recorded at the cost of the real estate. Revenue is recognized as rentals are earned and expenses (including depreciation) are charged to operations as incurred. Buildings and improvements are depreciated on the straight-line method over their estimated useful lives. Leasehold interests are amortized on the straight-line method over the terms of their respective leases. When scheduled rentals vary during the lease term, income is recognized on a straight-line basis so as to produce a constant periodic rent over the term of the lease. Accrued rental income is the aggregate difference between the scheduled rents which vary during the lease term and the income recognized on a straight-line basis.

Direct financing method – Properties with leases accounted for using the direct financing method are recorded at their net investment (which at the inception of the lease generally represents the cost of the Property). Unearned income is deferred and amortized into income over the lease terms so as to produce a constant periodic rate of return on NNN’s net investment in the leases.

NNN completed $668,489,000 and $591,691,000 of real estate acquisitions during the year ended December 31, 2019 and 2018, respectively. Additionally, NNN invested $84,008,000 and $123,881,000 of work in progress - improvements during the year ended December 31, 2019 and 2018, respectively.

Lease Accounting – Effective January 1, 2019, NNN adopted FASB Accounting Standards Update ("ASU") 2016-02, "Leases (Topic 842)," ("ASC 842") using the modified retrospective approach in which the cumulative effect of applying the new standard was recognized at the date of initial application with a positive adjustment to NNN’s opening balance of accumulated deficit. The modified retrospective approach provides a method for recording existing leases upon adoption which in comparative periods approximates the results of a full retrospective approach. NNN elected the package of practical expedients permitted under the transition guidance (which included: (i) an entity need not reassess whether any expired or existing contracts are or contain leases, (ii) an entity need not reassess the lease classification for any expired or existing leases, and (iii) an entity need not reassess initial direct costs for any existing leases), the land easement practical expedient to carry forward existing accounting treatment on existing land easements, and the lease and non-lease component combined practical expedient.

NNN estimates the collectability of its accounts receivable related to rents, expense reimbursements and other revenues. NNN analyzes accounts receivable and historical bad debt levels, tenant credit-worthiness and current economic trends when evaluating the probable collection. At the point NNN deems the collection of lease payments not probable, a bad debt is recognized for any outstanding receivable and any related accrued rent and, subsequently, any lease revenue is only recognized when cash receipts are received.

Adoption of the new standard resulted in the recording of right-of-use ("ROU") assets and operating lease liabilities of approximately $7,735,000 and $10,155,000 respectively, as of January 1, 2019. Additional disclosures are included in Note 3 – Right-Of-Use Assets and Operating Lease Liabilities. The consolidated financial statements for the year ended December 31, 2019, are presented under the new standard, while comparative periods presented are not adjusted and continue to be reported in accordance with NNN's historical accounting policy. ASC 842 did not materially impact NNN’s financial position or results of operations and had no impact on cash flows.

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Real Estate – Held For Sale – Real estate held for sale is not depreciated and is recorded at the lower of cost or fair value, less cost to sell.

Real Estate Dispositions – When real estate is disposed of, the related cost, accumulated depreciation or amortization and any accrued rental income for operating leases and the net investment for direct financing leases are removed from the accounts, and gains and losses from the dispositions are reflected in income. Gains from the disposition of real estate are generally recognized using the full accrual method in accordance with the FASB guidance included in Real Estate Sales, provided that various criteria relating to the terms of the sale and any subsequent involvement by NNN with the real estate sold are met.

Impairment – Real Estate – Based upon certain events or changes in circumstances, management periodically assesses its Properties for possible impairment whenever the carrying value of the asset, including accrued rental income, may not be recoverable through operations. Events or circumstances that may occur include significant changes in real estate market conditions and the ability of NNN to re-lease or sell properties that are currently vacant or become vacant in a reasonable period of time. Management evaluates whether an impairment in carrying value has occurred by comparing the estimated future cash flows (undiscounted and without interest charges), and the residual value of the real estate, with the carrying value of the individual asset. The future undiscounted cash flows are primarily driven by estimated future market rents. If an impairment is indicated, a loss will be recorded for the amount by which the carrying value of the asset exceeds its estimated fair value.

Cash and Cash Equivalents – NNN considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. Cash and cash equivalents consist of cash and money market accounts. Cash equivalents are stated at cost plus accrued interest, which approximates fair value.

Cash accounts maintained on behalf of NNN in demand deposits at commercial banks and money market funds may exceed federally insured levels or may be held in accounts without any federal insurance or any other insurance or guarantee. However, NNN has not experienced any losses in such accounts.

Restricted Cash and Cash Held in Escrow – Restricted cash and cash held in escrow include (i) cash proceeds from the sale of assets held by qualified intermediaries in anticipation of the acquisition of replacement properties in tax-free exchanges under Section 1031 of the Internal Revenue Code of 1986, as amended (the "Code"), (ii) cash that has been placed in escrow for the future funding of construction commitments, or (iii) cash that is not immediately available to NNN. 

Valuation of Trade Receivables – NNN estimates the collectibility of its accounts receivable related to rents, expense reimbursements and other revenues. NNN analyzes accounts receivable and historical bad debt levels, tenant credit-worthiness and current economic trends when evaluating the adequacy of the allowance for doubtful accounts. In addition, tenants in bankruptcy are analyzed and estimates are made in connection with the expected recovery of pre-petition and post-petition claims.

Debt Costs – Line of Credit Payable – Debt costs incurred in connection with NNN’s $900,000,000 line of credit have been deferred and are being amortized to interest expense over the term of the loan commitment using the straight-line method, which approximates the effective interest method. NNN has recorded debt costs associated with the line of credit as an asset, in debt costs on the Consolidated Balance Sheets.

Debt Costs – Mortgages Payable – Debt costs incurred in connection with NNN’s mortgages payable have been deferred and are being amortized over the term of the respective loan commitment using the straight-line method, which approximates the effective interest method. These costs of $147,000 at December 31, 2019 and 2018, are included in mortgages payable on the Consolidated Balance Sheets net of accumulated amortization of $90,000 and $73,000, respectively.

Debt Costs – Notes Payable – Debt costs incurred in connection with the issuance of NNN’s notes payable have been deferred and are being amortized to interest expense over the term of the respective debt obligation using the effective interest method. These costs of $26,932,000 at December 31, 2019 and 2018 are included in notes payable on the Consolidated Balance Sheets net of accumulated amortization of $8,962,000 and $6,705,000, respectively.

Revenue Recognition – Rental revenues for properties under construction commence upon completion of construction of the leased asset and delivery of the leased asset to the tenant. Rental revenues for non-development real estate assets are recognized when earned in accordance with the FASB guidance included in Leases, based on the terms of the lease of the leased asset. Lease termination fees are recognized when collected subsequent to the related lease that is cancelled and NNN no longer has continuing involvement with the former tenant with respect to that property.

In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606). The core principle of ASU 2014-09, is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in

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an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Certain contracts are excluded from ASU 2014-09, including lease contracts within the scope of the FASB guidance included in Leases (Topic 842). NNN adopted ASU 2014-09 on January 1, 2018, and applied the cumulative catch-up transition method. Through the evaluation and implementation process, NNN determined the key revenue stream impacted by ASU 2014-09 is gain on disposition of real estate reported on the Consolidated Statements of Income and Comprehensive Income. Prior to the adoption of ASU 2014-09, NNN recognized revenue at the time of closing (i.e., transfer of asset). Following the adoption of ASU 2014-09, NNN evaluates any separate contracts or performance obligations to determine proper timing and/or amount of revenue recognition, as well as, transaction price allocation.

Earnings Per Share – Earnings per share have been computed pursuant to the FASB guidance included in Earnings Per Share. The guidance requires classification of the Company’s unvested restricted share units which contain rights to receive nonforfeitable dividends, as participating securities requiring the two-class method of computing earnings per share. Under the two-class method, earnings per common share are computed by dividing the sum of distributed earnings to common stockholders and undistributed earnings allocated to common stockholders by the weighted average number of common shares outstanding for the period. In applying the two-class method, undistributed earnings are allocated to both common shares and participating securities based on the weighted average shares outstanding during the period. The following table is a reconciliation of the numerator and denominator used in the computation of basic and diluted earnings per common share using the two-class method for the years ended December 31 (dollars in thousands): 

	2019				2018				2017
Basic and Diluted Earnings:
Net earnings attributable to NNN	$	299,180			$	292,447			$	264,973
Less: Series D preferred stock dividends	—				—				(3,598		)
Less: Series E preferred stock dividends	(13,201		)		(16,387		)		(16,387		)
Less: Series F preferred stock dividends	(17,940		)		(17,940		)		(17,940		)
Less: Excess of redemption value over carrying value of preferred shares redeemed	(9,856		)		—				(9,855		)
Net earnings available to common stockholders	258,183				258,120				217,193
Less: Earnings allocated to unvested restricted shares	(601		)		(548		)		(531		)
Net earnings used in basic and diluted earnings per share	$	257,582			$	257,572			$	216,662
Basic and Diluted Weighted Average Shares Outstanding:
Weighted average number of shares outstanding	165,499,707				156,490,901				149,840,116
Less: Unvested restricted shares	(295,773		)		(280,633		)		(285,585		)
Less: Unvested contingent restricted shares	(515,436		)		(465,667		)		(443,343		)
Weighted average number of shares outstanding used in basic earnings per share	164,688,498				155,744,601				149,111,188
Other dilutive securities	395,181				551,018				321,453
Weighted average number of shares outstanding used in diluted earnings per share	165,083,679				156,295,619				149,432,641

Income Taxes – NNN has made an election to be taxed as a REIT under Sections 856 through 860 of the Code, and related regulations. NNN generally will not be subject to federal income taxes on amounts distributed to stockholders, providing it distributes 100 percent of its REIT taxable income and meets certain other requirements for qualifying as a REIT. For each of the years in the three-year period ended December 31, 2019, NNN believes it has qualified as a REIT. Notwithstanding NNN’s qualification for taxation as a REIT, NNN is subject to certain state income, franchise and excise taxes.

NNN may elect to treat certain subsidiaries as taxable REIT subsidiaries pursuant to the provisions of the REIT Modernization Act. A taxable REIT subsidiary is able to engage in activities resulting in income that previously would have been disqualified from being eligible REIT income under the federal income tax regulations. As a result, certain activities of NNN which occur within its TRS entities are subject to federal and state income taxes (See Note 11). All provisions for federal income taxes in the accompanying consolidated financial statements are attributable to NNN’s taxable REIT subsidiaries.

Income taxes are accounted for under the asset and liability method as required by the FASB guidance included in Income Taxes. Deferred tax assets and liabilities are recognized for the temporary differences based on estimated future tax

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consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

Fair Value Measurement – NNN’s estimates of fair value of financial and non-financial assets and liabilities are based on the framework established in the fair value accounting guidance. The framework specifies a hierarchy of valuation inputs which was established to increase consistency, clarity and comparability in fair value measurements and related disclosures. The guidance describes a fair value hierarchy based upon three levels of inputs that may be used to measure fair value, two of which are considered observable and one that is considered unobservable. The following describes the three levels:

•	Level 1 – Valuation is based upon quoted prices in active markets for identical assets or liabilities.

•	Level 2 – Valuation is based upon inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

•	Level 3 – Valuation is generated from model-based techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include option pricing models, discounted cash flow models and similar techniques.

Accumulated Other Comprehensive Income (Loss) – The following table outlines the changes in accumulated other comprehensive income (loss) (dollars in thousands):

	Gain or Loss on Cash Flow Hedges(1)				Gains and Losses on Available-for-Sale Securities				Total
Beginning balance, December 31, 2017	$	(14,655	)		$	917			$	(13,738	)
Other comprehensive income	4,080				298				4,378
Reclassifications from accumulated other comprehensive income to net earnings	3,664			(2)	—				3,664
Net current period other comprehensive income	7,744				298				8,042
Ending balance, December 31, 2018	(6,911		)		1,215				(5,696		)
Other comprehensive income (loss)	(5,524		)		116				(5,408		)
Reclassifications from accumulated other comprehensive income to net earnings	1,307			(2)	(1,331		)		(24		)
Net current period other comprehensive income (loss)	(4,217		)		(1,215		)		(5,432		)
Ending balance, December 31, 2019	$	(11,128	)		$	—			$	(11,128	)

(1)	Additional disclosure is included in Note 12 – Derivatives.

(2)	Reclassifications out of other comprehensive income (loss) are recorded in interest expense on the Consolidated Statements of Income and Comprehensive Income. There is no income tax expense (benefit) resulting from this reclassification.

New Accounting Pronouncements – In June 2016, the FASB issued ASU 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments," ("ASU 2016-13"), effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The amendments in this update replace the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. NNN is currently evaluating to determine the potential impact, if any, the adoption of ASU 2016-13 will have on NNN's financial position or results of operations.

In December 2019, the FASB issued ASU 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes,” ("ASU 2019-12"), effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. The amendments simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments also improve consistent application of and simplify GAAP for other areas of Topic 740 by

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clarifying and amending existing guidance. NNN is currently evaluating to determine the potential impact the adoption of ASU 2019-12 will have on NNN's financial position or results of operations.

Use of Estimates – Additional critical accounting policies of NNN include management’s estimates and assumptions relating to the reporting of assets and liabilities, revenues and expenses and the disclosure of contingent assets and liabilities are required to prepare the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America. Significant accounting policies include management’s estimates of the useful lives used in calculating depreciation expense relating to real estate assets purchase accounting for acquisition of real estate subject to a lease, and the recoverability of the carrying value of long-lived assets. Actual results could differ from those estimates.

Reclassification – Certain items in the prior year's consolidated financial statements and notes to consolidated financial statements have been reclassified to conform to the 2019 presentation.

NNN adopted certain practical expedients in ASC 842 which allows the presentation of all income earned pursuant to tenant leases to be included in rental income reported on the Consolidated Statements of Income and Comprehensive Income.

Real Estate – Portfolio

Leases – The following outlines key information for NNN’s leases at December 31, 2019:

Lease classification:
Operating	3,143
Direct financing	6
Weighted average remaining lease term (years)	11.2

The following is a summary of the general structure of the leases in the Property Portfolio, although the specific terms of each lease can vary significantly. Generally, the Property leases provide for initial terms of 10 to 20 years. The Properties are generally leased under net leases, pursuant to which the tenant typically bears responsibility for substantially all property costs and expenses associated with ongoing maintenance, repair, replacement and operation of the property, including utilities, property taxes and property and liability insurance. Certain Properties are subject to leases under which NNN retains responsibility for specific costs and expenses of the Property. NNN's leases provide for annual base rental payments (generally payable in monthly installments), and generally provide for limited increases in rent as a result of (i) increases in the Consumer Price Index ("CPI"), (ii) fixed increases, or, to a lesser extent, (iii) increases in the tenant’s sales volume.

Generally, NNN's leases provide the tenant with one or more multi-year renewal options, subject to generally the same terms and conditions provided under the initial lease term, including rent increases. NNN’s lease term is based on the non-cancellable base term unless economic incentives make it reasonably certain that an option period to extend the lease will be exercised, in which event NNN includes the options. Some of the leases also provide that in the event NNN wishes to sell the Property subject to that lease, NNN first must offer the lessee the right to purchase the Property on the same terms and conditions as any offer which NNN intends to accept for the sale of the Property.

Real Estate Portfolio – Accounted for Using the Operating Method – Real estate subject to operating leases consisted of the following at December 31 (dollars in thousands):

	2019				2018
Land and improvements (1)	$	2,492,984			$	2,369,014
Buildings and improvements	5,917,525				5,470,968
Leasehold interests	355				3,630
	8,410,864				7,843,612
Less accumulated depreciation and amortization	(1,148,277		)		(1,006,183		)
	7,262,587				6,837,429
Work in progress - improvements	27,438				8,017
	$	7,290,025			$	6,845,446

⁽¹⁾ Includes $16,930 and $5,571 in land for Properties under construction as of December 31, 2019 and 2018, respectively.

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NNN recognized the following revenues in rental income for the years ended December 31 (dollars in thousands):

	2019				2018				2017
Rental income from operating leases	$	650,112			$	602,131			$	565,405
Earned income from direct financing leases	798				923				978
Percentage rent	1,310				1,561				1,700
Real estate expense reimbursement from tenants	16,789				16,784				15,512
	$	669,009			$	621,399			$	583,595

Some leases provide for a free rent term or scheduled rent increases throughout the lease term. Such amounts are recognized on a straight-line basis over the terms of the leases. For the years ended December 31, 2019, 2018 and 2017, NNN recognized $1,872,000, $309,000 and $1,411,000, respectively, of such income, net of reserves. At December 31, 2019 and 2018, the balance of accrued rental income was $28,897,000 and $25,387,000, respectively, net of allowance of $1,842,000.

The following is a schedule of undiscounted cash flows to be received on noncancellable operating leases as of December 31, 2019 (dollars in thousands):

2020	$	664,571
2021	648,405
2022	618,646
2023	590,642
2024	569,865
Thereafter	4,458,973
	$	7,551,102

Since lease renewal periods are exercisable at the option of the tenant, the above table only presents undiscounted cash flows due during the current lease terms. In addition, this table does not include amounts for potential variable rent increases that are based on the CPI or future contingent rents which may be received on the leases based on a percentage of the tenant’s sales volume.

Real Estate Portfolio – Accounted for Using the Direct Financing Method – The following lists the components of net investment in direct financing leases at December 31 (dollars in thousands):

	2019				2018
Minimum lease payments to be received	$	9,356			$	10,899
Estimated unguaranteed residual values	1,227				4,395
Less unearned income	(6,379		)		(7,225		)
Net investment in direct financing leases	$	4,204			$	8,069

The following is a schedule of undiscounted cash flows to be received on direct financing leases held for investment as of December 31, 2019 (dollars in thousands):

2020	$	900
2021	920
2022	897
2023	895
2024	896
Thereafter	4,848
	$	9,356

Since lease renewal periods are exercisable at the option of the tenant, the above table only presents undiscounted cash flows due during the current lease terms. In addition, this table does not include amounts for potential variable rent increases that

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are based on the CPI or future contingent rents which may be received on the leases based on a percentage of the tenant’s sales volume.

Real Estate – Intangibles

In accordance with purchase accounting for the acquisition of real estate subject to a lease, NNN has recorded intangible assets and lease liabilities that consisted of the following at December 31 (dollars in thousands):

		2019				2018
Intangible lease assets (included in other assets):
Above-market in-place leases		$	15,754			$	15,175
Less: accumulated amortization		(9,897		)		(9,239		)
Above-market in-place leases, net		$	5,857			$	5,936
In-place leases		$	119,846			$	104,871
Less: accumulated amortization		(64,918		)		(60,797		)
In-place leases, net		$	54,928			$	44,074
Intangible lease liabilities (included in other liabilities):
Below-market in-place leases		$	41,767			$	41,554
Less: accumulated amortization		(26,135		)		(25,258		)
Below-market in-place leases, net		$	15,632			$	16,296

The amounts amortized as a net increase to rental income for capitalized above-market and below-market leases for the years ended December 31, 2019, 2018 and 2017 were $768,000, $2,622,000 and $3,355,000, respectively. The value of in-place leases amortized to expense for the years ended December 31, 2019, 2018 and 2017 was $7,900,000, $9,209,000 and $18,841,000, respectively.

The following is a schedule of the amortization of acquired above-market and below-market in-place lease intangibles and the amortization of the in-place lease intangibles as of December 31, 2019 (dollars in thousands):

	Above-Market and Below-Market In-Place Lease Intangibles(1)				In-Place Lease Intangibles(2)
2020	$	695			$	7,502
2021	590				6,800
2022	466				6,339
2023	383				5,833
2024	379				5,138
Thereafter	7,262				23,316
	$	9,775			$	54,928
Weighted average amortization period (years)	18.0				10.3

(1)	Recorded as a net increase to rental income.

(2)	Amortized as an increase to amortization expense.

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Real Estate – Held For Sale

On a quarterly basis, the Company evaluates its Properties for held for sale classification based on specific criteria as outlined in ASC 360, Property, Plant & Equipment, including management’s intent to commit to a plan to sell the asset. NNN anticipates the disposition of Properties classified as held for sale to occur within 12 months. As of December 31, 2019, NNN had seven of its Properties categorized as held for sale. NNN's real estate held for sale at December 31, 2018, included ten properties, three of which were sold in 2019. Real estate held for sale consisted of the following as of December 31 (dollars in thousands):

	2019				2018
Land and improvements	$	4,996			$	13,597
Building and improvements	6,511				32,658
	11,507				46,255
Less accumulated depreciation and amortization	(3,390		)		(10,088		)
Less impairment	(1,107		)		(14,250		)
	$	7,010			$	21,917

Real Estate – Dispositions

The following table summarizes the Properties sold and the corresponding gain recognized on the disposition of Properties for the years ended December 31 (dollars in thousands):

	2019						2018						2017
	# of Sold Properties		Gain				# of Sold Properties		Gain				# of Sold Properties		Gain
Gain on disposition of real estate	59		$	32,463			61		$	65,070			48		$	36,655

Real Estate – Commitments

NNN has committed to fund construction on 19 Properties. The improvements on such Properties are estimated to be completed within 12 months. These construction commitments, at December 31, 2019, are outlined in the table below (dollars in thousands):

Total commitment(1)		$	75,927
Less amount funded		44,368
Remaining commitment		$	31,559

(1)	Includes land, construction costs, tenant improvements, lease costs and capitalized interest.

Real Estate – Impairments

Management periodically assesses its real estate for possible impairment whenever certain events or changes in circumstances indicate that the carrying amount of the asset, including accrued rental income, may not be recoverable through operations. Events or circumstances that may occur include significant changes in real estate market conditions and the ability of NNN to re-lease or sell properties that are vacant or become vacant in a reasonable period of time. Impairments are measured as the amount by which the current book value of the asset exceeds the estimated fair value of the asset. As a result of the Company’s review of long-lived assets, including identifiable intangible assets, NNN recognized real estate impairments, net of recoveries of $31,992,000, $28,211,000 and $4,953,000 for the year ended December 31, 2019, 2018 and 2017, respectively.

The valuation of impaired assets is determined using widely accepted valuation techniques including discounted cash flow analysis, income capitalization, analysis of recent comparable sales transactions, actual sales negotiations and bona fide purchase offers received from third parties, which are Level 3 inputs. NNN may consider a single valuation technique or multiple valuation techniques, as appropriate, when estimating the fair value of its real estate.

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NNN is a lessee for three ground lease arrangements and for its headquarters office lease. NNN recognized a ROU asset (recorded in other assets on the Consolidated Balance Sheets) and an operating lease liability (recorded in other liabilities on the Consolidated Balance Sheets) for the present value of the minimum lease payments. ROU assets represent NNN’s right to use an underlying asset for the lease term and lease liabilities represent NNN’s obligation to make lease payments arising from the lease. ROU assets and operating lease liabilities are recognized at the lease commencement date based on the estimated present value of the lease payments over the lease term. NNN’s lease term is based on the non-cancellable base term unless economic incentives make it reasonably certain that an option period to extend the lease will be exercised, in which event NNN includes the options.

NNN estimates an incremental borrowing rate, which is derived from information available at the lease commencement date, in determining the present value of the lease payments. NNN gives consideration to the Company's debt issuances, as well as, publicly available data for secured instruments with similar characteristics when calculating its incremental borrowing rates. A 50 basis point increase or decrease in the estimate of the incremental borrowing rate at January 1, 2019 (the date of adoption of ASC 842) would not have a material impact on NNN’s financial position. On an annual basis, NNN will evaluate its lessee portfolio and determine if its incremental borrowing rate should be reassessed.

NNN's lease agreements do not contain any residual value guarantees.

As of December 31, 2019, NNN has recorded the following (dollars in thousands):

	Ground Leases				Headquarters Office Lease
Operating lease – ROU assets(1)	$	4,481			$	2,991
Operating lease – lease liabilities	(6,175		)		(3,629		)
Weighted average remaining lease term (years)	14.3				5.3
Weighted average discount rate	4.1		%		3.5		%

(1)	ROU assets are shown net of accrued lease payments of $1,694 and $638, respectively.

The following is a schedule of the undiscounted cash flows to be paid as of December 31, 2019 (dollars in thousands):

	Ground Leases				Headquarters Office Lease
2020	$	564			$	773
2021	573				788
2022	582				804
2023	582				821
2024	601				837
Thereafter	5,544				210
	$	8,446			$	4,233

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In October 2017, NNN amended its credit agreement to increase the borrowing capacity under its unsecured revolving credit facility from $650,000,000 to $900,000,000 and amend certain other terms under the former revolving credit facility (as the context requires, the previous and new revolving credit facility, the "Credit Facility"). The Credit Facility had a weighted average outstanding balance of $24,058,000 and a weighted average interest rate of 2.8% for the year ended December 31, 2019. The Credit Facility matures January 2022, unless the Company exercises its option to extend maturity to January 2023. As of December 31, 2019, the Credit Facility bears interest at LIBOR plus 87.5 basis points; however, such interest rate may change pursuant to a tiered interest rate structure based on NNN's debt rating. The Credit Facility also includes an accordion feature to increase the facility size up to $1,600,000,000. As of December 31, 2019, $133,600,000 was outstanding and $766,400,000 was available for future borrowings under the Credit Facility.

In accordance with the terms of the Credit Facility, NNN is required to meet certain restrictive financial covenants which, among other things, require NNN to maintain certain (i) leverage ratios, (ii) debt service coverage, (iii) cash flow coverage, and (iv) investment and dividend limitations. At December 31, 2019, NNN was in compliance with those covenants.

The following table outlines the mortgages payable included in NNN’s consolidated financial statements (dollars in thousands):

Entered		Initial Balance				Interest Rate		Maturity(2)		Carrying Value of Encumbered Asset(s)(3)				Outstanding Principal Balance at December 31,
														2019				2018
November 2014(1)		$	15,151			5.23%		July 2023		$	19,944			$	12,116			$	12,768
Debt costs														(147		)		(147		)
Accumulated amortization														90				73
Debt costs, net of accumulated amortization														(57		)		(74		)
Mortgages payable, including unamortized premium and net of unamortized debt costs														$	12,059			$	12,694

(1)	Date entered represents the date that NNN acquired real estate subject to a mortgage securing a loan. Initial         balance and outstanding principal balance includes unamortized premium.

(2)	Monthly payments include interest and principal; the balance is due at maturity.

(3)	The loan is secured by a first mortgage lien on five of the Properties. The carrying values of the assets at     December 31, 2019.

The following outlines of the scheduled principal payments, including premium amortization of NNN’s mortgages payable as of December 31, 2019 (dollars in thousands):

2020	$	682
2021	716
2022	750
2023	9,968
	$	12,116

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Each of NNN’s outstanding series of unsecured notes is summarized in the table below (dollars in thousands):

Notes		Issue Date		Principal				Discount(1)				Net Price				Stated Rate		Effective Rate(2)		Maturity Date
2022		August 2012		$	325,000			$	4,989			$	320,011			3.800%		3.985%		October 2022(4)
2023(3)		April 2013		350,000				2,594				347,406				3.300%		3.388%		April 2023(4)
2024(3)		May 2014		350,000				707				349,293				3.900%		3.924%		June 2024(4)
2025(3)		October 2015		400,000				964				399,036				4.000%		4.029%		November 2025
2026(3)		December 2016		350,000				3,860				346,140				3.600%		3.733%		December 2026
2027(3)		September 2017		400,000				1,628				398,372				3.500%		3.548%		October 2027
2028(3)		September 2018		400,000				2,848				397,152				4.300%		4.388%		October 2028
2048		September 2018		300,000				4,239				295,761				4.800%		4.890%		October 2048

(1)	The note discounts are amortized to interest expense over the respective term of each debt obligation using the effective interest method.

(2)	Includes the effects of the discount at issuance.

(3)

NNN entered into forward starting swaps which were hedging the risk of changes in forecasted interest payments on forecasted issuance of long-term debt. Upon the issuance of a series of unsecured notes, NNN terminated such derivatives, and the resulting fair value was deferred in other comprehensive income. The deferred liability (asset) is being amortized over the term of the respective notes using the effective interest method. Additional disclosure is included in Note 12 – Derivatives.

(4)	The aggregate principal balance of the unsecured note maturities for the next five years is $1,025,000.

Each series of the notes represents senior, unsecured obligations of NNN and is subordinated to all secured indebtedness of NNN. Each of the notes is redeemable at the option of NNN, in whole or in part, at a redemption price equal to the sum of (i) the principal amount of the notes being redeemed plus all accrued and unpaid interest thereon through the redemption date and (ii) the make-whole amount, if any, as defined in the applicable supplemental indenture relating to the notes.

In connection with the outstanding debt offerings, NNN incurred debt issuance costs totaling $26,932,000 consisting primarily of underwriting discounts and commissions, legal and accounting fees, rating agency fees and printing expenses. Debt issuance costs for all note issuances have been deferred and presented as a reduction to notes payable and are being amortized over the term of the respective notes using the effective interest method.

In October 2018, NNN redeemed the $300,000,000 5.500% notes payable that were due in July 2021. The notes were redeemed at a price equal to 100% of the principal amount, plus (i) a make-whole amount of $18,240,000, and (ii) all accrued and unpaid interest.

In accordance with the terms of the indenture, pursuant to which NNN’s notes have been issued, NNN is required to meet certain restrictive financial covenants, which, among other things, require NNN to maintain (i) certain leverage ratios and (ii) certain interest coverage. At December 31, 2019, NNN was in compliance with those covenants.

NNN completed the following underwritten public offering of cumulative redeemable preferred stock that is still outstanding ("Preferred Stock Shares") (dollars in thousands, except per share data):

Series		Dividend Rate(1)			Issued		Depositary Shares Outstanding(2)			Gross Proceeds				Stock Issuance Costs(3)				Dividend Per Depositary Share				Earliest Redemption Date
Series F		5.200	%		October 2016		13,800,000			$	345,000			$	10,897			$	1.300000			October 2021

(1)	Holders are entitled to receive, when and as authorized by the Board of Directors, cumulative preferential cash dividends.

(2)	Representing 1/100th of a preferred share. Series F issuance included 1,800,000 depositary shares in connection with the underwriters' over-allotment.

(3)	Consisting primarily of underwriting commissions and fees, rating agency fees, legal and accounting fees and printing expenses.

The Preferred Stock Shares underlying the depositary shares rank senior to NNN’s common stock with respect to dividend rights and rights upon liquidation, dissolution or winding up of NNN. The Preferred Stock Shares have no maturity date and

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will remain outstanding unless redeemed. In addition, upon a change of control, as defined in the articles supplementary fixing the rights and preferences of the Preferred Stock Shares, NNN may redeem the Preferred Stock Shares underlying the depositary shares at a redemption price of $2,500.00 per share (or $25.00 per depositary share), plus all accumulated and unpaid dividends, and in limited circumstances the holders of depositary shares may convert some or all of their Preferred Stock Shares into shares of NNN's common stock at conversion rates provided in the related articles supplementary. As of February 11, 2020, the Series F Preferred Stock Shares were not redeemable.

In October 2019, NNN redeemed all outstanding depositary shares (11,500,000) representing interests in its 5.700% Series E Preferred Stock. The Series E Preferred Stock was redeemed at $25.00 per depositary share, plus all accrued and unpaid dividends through, but not including, the redemption date, for an aggregate redemption price of $25.079167 per depositary share. The excess carrying amount of preferred stock redeemed over the cash paid to redeem the preferred stock was $9,856,000 of issuance costs.

In February 2018, NNN filed a shelf registration statement with the Securities and Exchange Commission ("Commission") which permits the issuance by NNN of an indeterminate amount of debt and equity securities.

In September 2019, NNN filed a prospectus supplement to the prospectus contained in its February 2018 shelf registration statement and issued 7,000,000 shares of common stock at a price of $56.50 per share and received net proceeds of $379,410,000. In connection with this offering, NNN incurred stock issuance costs totaling approximately $16,090,000, consisting primarily of underwriters' fees and commissions, legal and accounting fees and printing expenses.

Dividend Reinvestment and Stock Purchase Plan. In February 2018, NNN filed a shelf registration statement with the Commission for its Dividend Reinvestment and Stock Purchase Plan ("DRIP") which permits the issuance by NNN of 10,000,000 shares of common stock. The following outlines the common stock issuances pursuant to the DRIP for the year ended December 31 (dollars in thousands):

	2019				2018				2017
Shares of common stock	362,918				311,048				229,696
Net proceeds	$	19,442			$	13,264			$	9,391

At-The-Market Offerings. NNN has established an at-the-market equity program ("ATM") which allows NNN to sell shares of common stock from time to time. The following table outlines NNN's active ATM programs for the three years ended December 31, 2019:

	2018 ATM			2016 ATM
Established date	February 2018			March 2016
Termination date	February 2021			February 2018
Total allowable shares	12,000,000			12,000,000
Total shares issued as of December 31, 2019	9,722,185			10,044,656

The following table outlines the common stock issuances pursuant to NNN's ATM equity programs for the years ended December 31 (dollars in thousands, except per share data):

	2019				2018				2017
Shares of common stock	2,344,022				7,378,163				5,821,366
Average price per share (net)	$	53.71			$	44.48			$	41.88
Net proceeds	$	125,905			$	328,196			$	243,822
Stock issuance costs(1)	$	1,431			$	3,821			$	3,782

⁽¹⁾ Stock issuance costs consist primarily of underwriters' fees and commissions, and legal and accounting fees.

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Effective January 1, 1998, NNN adopted a defined contribution retirement plan (the “Retirement Plan”) covering substantially all of the employees of NNN. The Retirement Plan permits participants to defer a portion of their compensation, as defined in the Retirement Plan, subject to limits established by the Code. NNN generally matches 60 percent of the first eight percent of a participant’s contributions. Additionally, NNN may make discretionary contributions. NNN’s contributions to the Retirement Plan for the years ended December 31, 2019, 2018 and 2017 totaled $541,000, $516,000 and $514,000, respectively.

The following table outlines the dividends declared and paid for NNN's common stock for the years ended December 31 (in thousands, except per share data):

	2019				2018				2017
Dividends	$	333,692			$	303,164			$	277,120
Per share	2.030				1.950				1.860

On January 15, 2020, NNN declared a dividend of $0.515 per share, payable February 14, 2020, to its common stockholders of record as of January 31, 2020.

The following presents the characterization for tax purposes of common stock dividends per share paid to stockholders for the years ended December 31:

 

	2019				2018				2017
Ordinary dividends	$	1.762899		(1)	$	1.658604		(1)	$	1.559781
Capital gain	—				0.015534				0.035041
Unrecaptured Section 1250 Gain	—				0.042818				0.012194
Nontaxable distributions	0.267101				0.233044				0.252984
	$	2.030000			$	1.950000			$	1.860000

(1)	Eligible for the 20% qualified business income deduction under section 199A of the Code that was amended by the Tax Cuts and Jobs Act signed into law on December 22, 2017 ("TCJA").

The following presents the characterization for tax purposes of Series D, E and F Preferred Stock dividends per share and dividends declared and paid to stockholders for the year ended December 31 (dollars in thousands, except per share data):

	Series F(1)												Series E(2)												Series D(3)
	2019				2018				2017				2019				2018				2017				2017
Dividends declared and paid	$	17,940			$	17,940			$	17,940			$	13,201			$	16,387			$	16,387			$	3,598
Ordinary dividends	$	1.300000		(4)	$	1.255820		(4)	$	1.261789			$	1.147917		(4)	$	1.376571		(4)	$	1.383115			$	0.303652
Capital gain	—				0.011761				0.028345				—				0.012892				0.031071				0.006821
Unrecaptured Section 1250 Gain	—				0.032419				0.009866				—				0.035537				0.010814				0.002374
Dividend paid per share	$	1.300000			$	1.300000			$	1.300000			$	1.147917			$	1.425000			$	1.425000			$	0.312847

⁽¹⁾ The Series F Preferred Stock was issued in October 2016 and has no maturity date and will remain outstanding unless redeemed by NNN. The earliest redemption date for the Series F Preferred Stock is October 2021.

⁽²⁾ The Series E Preferred Stock was redeemed in October 2019. The dividends paid in 2019 include accumulated and unpaid dividends through, but not including, the redemption date.

⁽³⁾ The Series D Preferred Stock was redeemed in February 2017. The dividends paid in 2017 include accumulated and unpaid dividends through, but not including, the redemption date.

⁽⁴⁾ Eligible for the 20% qualified business income deduction under section 199A of the Code that was amended by the TCJA.

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For income tax purposes, NNN may elect to treat certain subsidiaries as taxable REIT subsidiaries in which certain real estate activities may be conducted.

NNN currently has no TRS entities. The following information relates to former TRS entities.

The significant components of the net deferred income tax asset consist of the following at December 31 (dollars in thousands):

	2019				2018
Deferred tax assets:
Net operating loss carryforward	$	3,899			$	3,899
Valuation allowance	(3,899		)		(3,858		)
Total deferred tax assets	—				41
Deferred tax liabilities:
Built-in gain	—				(41		)
Total deferred tax liabilities	—				(41		)
Net deferred tax asset	$	—			$	—

In assessing the ability to realize a deferred tax asset, management considers whether it is more likely than not that some portion or the entire deferred tax asset will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. The net operating loss carryforwards were generated by NNN’s former taxable REIT subsidiaries. The net operating loss carryforwards begin to expire in 2028. Management believes it is unlikely that NNN will realize all of the benefits of these deductible differences that existed as of December 31, 2019 and 2018.

The increase in the valuation allowance for the year ended December 31, 2019, was $41,000. There was no change in the valuation allowance for the year ended December 31, 2018.

For the years ended December 31, 2019, 2018 and 2017, there was no net income tax expense or benefit to NNN's former TRS entities. The total income tax benefit (expense) differs from the amount computed by applying the statutory federal tax rate to net earnings before taxes as follows for the years ended December 31 (dollars in thousands):

	2019				2018				2017(1)
Loss carryforwards increase (decrease)	$	—			$	—			$	(2,019	)
Built-in gain tax liability	41				—				134
Valuation allowance (increase) decrease	(41		)		—				1,885
Total tax expense	$	—			$	—			$	—

(1)	The changes for the year ended December 31, 2017, includes an amount attributable to the federal tax rate change within the TCJA. The net income statement effect of the federal rate change is zero.

FASB prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. FASB also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition.

NNN, in accordance with FASB guidance included in Income Taxes, has analyzed its various federal and state filing positions. NNN believes that its income tax filing positions and deductions are well documented and supported. Additionally, NNN believes that its accruals for tax liabilities are adequate. Therefore, no reserves for uncertain income tax positions have been recorded pursuant to the FASB guidance. In addition, NNN did not record a cumulative effect adjustment related to the adoption of the FASB guidance.

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NNN has had no unrecognized tax benefits during any of the years presented. Further, no interest or penalties have been included since no reserves were recorded and no significant increases or decreases are expected to occur within the next 12 months. When applicable, such interest and penalties will be recorded in non-operating expenses. The periods that remain open under federal statute are 2016 through 2019. NNN also files in many states with varying open years under statute.

In accordance with the guidance on derivatives and hedging, NNN records all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative and the resulting designation. Derivatives used to hedge the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives used to hedge the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges.

NNN’s objective in using derivatives is to add stability to interest expense and to manage its exposure to interest rate movements or other identified risks. To accomplish this objective, NNN primarily uses treasury locks, forward starting swaps and interest rate swaps as part of its cash flow hedging strategy. Treasury locks and forward starting swaps are used to hedge forecasted debt issuances. Treasury locks designated as cash flow hedges lock in the yield/price of a treasury security. Forward starting swaps also lock the associated swap spread. Interest rate swaps designated as cash flow hedges are used to hedge the variable cash flows associated with floating rate debt and involve the receipt or payment of variable rate amounts in exchange for fixed-rate payments over the life of the agreements without exchange of the underlying principal amount.

For derivatives designated as cash flow hedges, the change in the fair value of the derivative is initially reported in other comprehensive income (outside of earnings) and subsequently reclassified to earnings when the hedged transaction affects earnings.

NNN discontinues hedge accounting prospectively when it is determined that the derivative is no longer effective in offsetting changes in the cash flows of the hedged item, the derivative expires or is sold, terminated, or exercised, the derivative is re-designated as a hedging instrument or management determines that designation of the derivative as a hedging instrument is no longer appropriate.

When hedge accounting is discontinued, NNN recognizes any changes in its fair value in earnings and continues to carry the derivative on the balance sheet or may choose to settle the derivative at that time with a cash payment or receipt. NNN records a cash settlement of forward starting swaps in the statement of cash flows as an operating activity.

The following table outlines NNN's terminated derivatives which were hedging the risk of changes in forecasted interest payments on forecasted issuance of long-term debt (dollars in thousands):

Notes Payable		Terminated		Description		Aggregate Notional Amount				Liability (Asset) Fair Value When Terminated				Fair Value Deferred In Other Comprehensive Income(1)
2023		April 2013		Four forward starting swaps		$	240,000			$	3,156			$	3,141
2024		May 2014		Three forward starting swaps		225,000				6,312				6,312
2025		October 2015		Four forward starting swaps		300,000				13,369				13,369
2026		December 2016		Two forward starting swaps		180,000				(13,352		)		(13,345		)
2027		September 2017		Two forward starting swaps		250,000				7,690				7,688
2028		September 2018		Two forward starting swaps		250,000				(4,080		)		(4,080		)

(1)	The amount reported in accumulated other comprehensive income will be reclassified to interest expense as interest payments are made on the related notes payable.

As of December 31, 2019, $5,604,000 remains in other comprehensive income related to NNN’s previously terminated interest rate hedges. During the years ended December 31, 2019, 2018 and 2017, NNN reclassified $1,307,000, $3,664,000 and $1,932,000, respectively, out of other comprehensive income as an increase to interest expense. Over the next 12 months, NNN estimates that an additional $1,365,000 will be reclassified as an increase in interest expense. Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on NNN’s long-term debt.

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During the year ended December 31, 2019, NNN entered into three forward starting swaps with a total notional amount of $200,000,000 to hedge the risk of changes in the interest-related cash outflows associated with the potential issuance of long-term debt. The outstanding forward swaps were designated as cash flow hedges, and as of December 31, 2019, had a fair value of $5,524,000 included in other liabilities and accumulated other comprehensive income (loss) on the Consolidated Balance Sheets. The fair value of the forward starting swaps were based on a Level 2 valuation. These derivative financial instruments were still outstanding as of December 31, 2019 and have a mandatory cash settlement date of April 15, 2020.

NNN does not use derivatives for trading or speculative purposes or currently have any derivatives that are not designated as hedges.

In May 2017, NNN filed a registration statement on Form S-8 with the Commission which permits the issuance of up to 1,800,000 shares of common stock pursuant to NNN’s 2017 Performance Incentive Plan (the “2017 Plan”). The 2017 Plan replaced NNN’s previous 2007 Performance Incentive Plan (the "2007 Plan"). The 2017 Plan allows NNN to award or grant to key employees, directors and persons performing consulting or advisory services for NNN or its affiliates, stock options, stock awards, stock appreciation rights, Phantom Stock Awards, Performance Awards and Leveraged Stock Purchase Awards, each as defined in the 2017 Plan.

There were no stock options outstanding or exercisable at December 31, 2019.

Pursuant to the 2017 Plan, NNN has granted and issued shares of restricted stock to certain officers and key associates of NNN. The following summarizes the restricted stock activity for the year ended December 31, 2019:

	Number of Shares			Weighted Average Share Price
Non-vested restricted shares, January 1	781,564			$	39.97
Restricted shares granted	364,769			53.91
Restricted shares vested	(237,863	)		43.03
Restricted shares forfeited	(5,119	)		44.70
Non-vested restricted shares, December 31(1)	903,351			44.77

(1)	Includes grants made in 2017 pursuant to the 2007 Plan to NNN's retired CEO. The performance criteria will be complete January 1, 2020.

Compensation expense for the restricted stock which is not contingent upon NNN’s performance goals is determined based upon the fair value at the date of grant and is recognized as the greater of the amount amortized over a straight-lined basis or the amount vested over the vesting periods. Vesting periods for officers and key associates of NNN range from three to five years and generally vest annually. NNN recognizes compensation expense on a straight-line basis for awards with only service conditions.

During the year ended December 31, 2019, NNN granted 144,345 performance-based shares subject to its total stockholder return after a three-year period relative to its peers. The fair value of these shares was determined at the grant date (for a fair value share price of $27.61). In addition, in 2019, NNN granted 48,116 performance-based shares subject to a three-year Core Funds From Operations growth metric. The performance-based shares were granted to certain executive officers and had a weighted average grant price of $53.70 per share. Once the respective performance criteria are met and the actual number of shares earned is determined, the shares vest immediately. Compensation expense is recognized over the requisite service period for both grants.

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The following summarizes other grants made during the year ended December 31, 2019, pursuant to the 2017 Plan.

	Number of Shares			Weighted Average   Share Price
Other share grants under the 2017 Plan:
Directors’ fees	13,448			$	53.62
Deferred directors’ fees	14,679			53.34
	28,127			53.47
Shares available under the 2017 Plan for grant, end of period	1,092,770

The total compensation expense for share-based payments for the years ended December 31, 2019, 2018 and 2017 totaled $10,737,000, $9,282,000 and $12,971,000, respectively. At December 31, 2019, NNN had $16,877,000 of unrecognized compensation cost related to non-vested share-based compensation arrangements under the 2017 Plan. This cost is expected to be recognized over a weighted average period of 2.3 years.

NNN believes the carrying value of its Credit Facility approximates fair value based upon its nature, terms and variable interest rate. NNN believes that the carrying value of its mortgages payable at December 31, 2019 and 2018, approximate fair value based upon current market prices of comparable instruments (Level 3). At December 31, 2019 and 2018, the fair value of NNN’s notes payable net of unamortized discount and excluding debt costs, was $3,074,538,000 and $2,813,583,000, respectively, based upon quoted market prices, which is a Level 1 valuation since NNN's notes payable are publicly traded.

The following table summarizes NNN’s quarterly financial data (dollars in thousands, except per share data):

2019		First Quarter				Second Quarter				Third Quarter				Fourth Quarter
Revenues as originally reported		$	165,636			$	165,279			$	169,108			$	173,576
Net earnings		80,033				79,091				66,698				73,786
Net earnings attributable to NNN		80,023				78,678				66,693				73,786
Net earnings per share(1):
Basic		$	0.44			$	0.43			$	0.35			$	0.34
Diluted		0.44				0.43				0.35				0.34
2018
Revenues as originally reported		$	152,861			$	155,555			$	155,526			$	160,529
Net earnings		103,289				70,583				82,042				36,572
Net earnings attributable to NNN		103,280				70,573				82,032				36,562
Net earnings per share(1):
Basic		$	0.62			$	0.40			$	0.47			$	0.17
Diluted		0.62				0.40				0.47				0.17

(1)	Calculated independently for each period and consequently, the sum of the quarters may differ from the annual amount.

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As of December 31, 2019, NNN had no tenants that accounted for ten percent or more of its rental income.

A summary of NNN's commitments are included in Note 2 – Real Estate.

In the ordinary course of its business, NNN is a party to various other legal actions which management believes are routine in nature and incidental to the operation of the business of NNN. Management does not believe that any of these proceedings are material to NNN's consolidated financial statements.

NNN reviewed all subsequent events and transactions that have occurred after December 31, 2019, the date of the consolidated balance sheet. There were no reportable subsequent events or transactions.

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Item 9.	Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9A.	Controls and Procedures

•	pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of NNN’s assets;

•	provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that NNN’s receipts and expenditures are being made in accordance with authorizations of management or the Board of Directors; and

•	provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of NNN’s assets that could have a material adverse effect on NNN’s financial statements.

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Item 9B.	Other Information

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Item 10.	Directors, Executive Officers and Corporate Governance

Item 11.	Executive Compensation

Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 13.	Certain Relationships and Related Transactions, and Director Independence

Item 14.	Principal Accounting Fees and Services

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Item 15.	Exhibits and Financial Statement Schedules

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SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION AND AMORTIZATION

December 31, 2019

(Dollars in thousands)

					Initial Cost  to Company								Costs Capitalized Subsequent to Acquisition								Gross Amount at Which Carried at Close of Period (a) (b)																				Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances				Land				Building, Improvements & Leasehold Interests				Improvements				Carrying Costs				Land				Building, Improvements & Leasehold Interests				Total				Accumulated Depreciation and Amortization				Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
7-Eleven:
Tampa, FL	$	—			$	1,081			$	917			$	—			$	—			$	1,070			$	917			$	1,987			$	477			1999		12/98	(g)	40
Austin, TX	$	—			259				1,361				—				—				259				1,361				1,620				442				1985		11/11		25
Austin, TX	$	—			1,101				2,987				—				—				1,101				2,987				4,088				693				2006		11/11		35
Austin, TX	$	—			900				3,571				—				—				900				3,571				4,471				829				2004		11/11		35
Beaumont, TX	$	—			124				2,968				—				—				124				2,968				3,092				804				1996		11/11		30
Beaumont, TX	$	—			239				2,031				—				—				239				2,031				2,270				471				2002		11/11		35
Beaumont, TX	$	—			115				1,543				—				—				115				1,543				1,658				418				1996		11/11		30
Bloomington, TX	$	—			38				3,093				—				—				38				3,093				3,131				1,005				1985		11/11		25
Bryan, TX	$	—			479				3,561				—				—				479				3,561				4,040				965				2000		11/11		30
Canyon Lake, TX	$	—			144				1,830				—				—				144				1,830				1,974				595				1977		11/11		25
Cedar Park, TX	$	—			833				1,705				—				—				833				1,705				2,538				396				2002		11/11		35
College Station, TX	$	—			393				3,342				—				—				393				3,342				3,735				905				2000		11/11		30
Corpus Christi, TX	$	—			383				3,093				—				—				383				3,093				3,476				718				2006		11/11		35
Edinburg, TX	$	—			431				2,193				—				—				431				2,193				2,624				594				1999		11/11		30
Edna, TX	$	—			67				1,897				—				—				67				1,897				1,964				617				1976		11/11		25
Kingsland, TX	$	—			153				2,691				—				—				153				2,691				2,844				875				1972		11/11		25
Kingsville, TX	$	—			163				1,485				—				—				163				1,485				1,648				483				1990		11/11		25
Laredo, TX	$	—			412				1,476				—				—				412				1,476				1,888				400				2001		11/11		30
Palacios, TX	$	—			29				1,667				—				—				29				1,667				1,696				542				1984		11/11		25
Pflugerville, TX	$	—			996				2,336				—				—				996				2,336				3,332				542				2002		11/11		35
Rio Bravo, TX	$	—			355				1,351				—				—				355				1,351				1,706				314				2002		11/11		35
Round Rock, TX	$	—			661				1,140				—				—				661				1,140				1,801				309				2000		11/11		30
San Antonio, TX	$	—			441				1,313				—				—				441				1,313				1,754				356				1999		11/11		30
Victoria, TX	$	—			431				2,298				—				—				431				2,298				2,729				623				1986		11/11		30
Victoria, TX	$	—			259				2,346				—				—				259				2,346				2,605				636				1984		11/11		30
West Orange, TX	—				220				2,088				—				—				220				2,088				2,308				565				1993		11/11		30
Winnie, TX	—				115				4,566				—				—				115				4,566				4,681				1,060				2002		11/11		35
Austin, TX	—				612				2,775				—				—				612				2,775				3,387				744				1999		12/11		30
Austin, TX	—				1,215				4,524				—				—				1,215				4,524				5,739				1,039				2004		12/11		35
Austin, TX	—				488				2,163				—				—				488				2,163				2,651				580				2000		12/11		30
Austin, TX	—				938				1,436				—				—				938				1,436				2,374				385				1998		12/11		30
Austin, TX	—				756				2,870				—				—				756				2,870				3,626				769				1999		12/11		30
Austin, TX	—				679				1,905				—				—				679				1,905				2,584				511				1999		12/11		30
Austin, TX	—				775				4,677				—				—				775				4,677				5,452				1,254				1996		12/11		30
Austin, TX	—				880				1,790				—				—				880				1,790				2,670				480				1998		12/11		30
Austin, TX	—				689				1,732				—				—				689				1,732				2,421				464				1999		12/11		30
Austin, TX	—				612				3,061				—				—				612				3,061				3,673				821				1999		12/11		30
Austin, TX	—				861				3,004				—				—				861				3,004				3,865				805				2001		12/11		30
Cedar Park, TX	—				536				1,914				—				—				536				1,914				2,450				513				1999		12/11		30
San Antonio, TX	—				909				1,359				—				—				904				1,359				2,263				364				1999		12/11		30
San Antonio, TX	—				631				2,851				—				—				631				2,851				3,482				764				1999		12/11		30
San Antonio, TX	—				766				1,474				—				—				766				1,474				2,240				395				1999		12/11		30
San Antonio, TX	—				412				2,010				—				—				412				2,010				2,422				539				1999		12/11		30
San Antonio, TX	—				545				3,148				—				—				545				3,148				3,693				844				1999		12/11		30
San Antonio, TX	—				947				2,535				—				—				947				2,535				3,482				680				1999		12/11		30
San Antonio, TX	—				411				2,555				—				—				411				2,555				2,966				685				1999		12/11		30
San Antonio, TX	—				517				2,670				—				—				517				2,670				3,187				716				1999		12/11		30
San Antonio, TX	—				899				2,593				—				—				899				2,593				3,492				596				2002		12/11		35
San Antonio, TX	—				985				3,253				—				—				976				3,253				4,229				872				1999		12/11		30
San Antonio, TX	—				919				2,344				—				—				919				2,344				3,263				539				2002		12/11		35
San Antonio, TX	—				679				2,937				—				—				679				2,937				3,616				787				1999		12/11		30
San Antonio, TX	—				469				2,727				—				—				469				2,727				3,196				731				1998		12/11		30
San Antonio, TX	—				632				1,991				—				—				632				1,991				2,623				534				2001		12/11		30
San Antonio, TX	—				603				2,048				—				—				598				2,048				2,646				549				1999		12/11		30
Universal City, TX	—				699				1,675				—				—				699				1,675				2,374				449				2001		12/11		30
Belpre, OH	—				408				759				—				—				408				759				1,167				166				1990		07/14		25
Charleston, WV	—				689				974				—				—				689				974				1,663				177				1970		07/14		30
Charleston, WV	—				549				729				—				—				549				729				1,278				133				1995		07/14		30
Clarksburg, WV	—				390				613				—				—				390				613				1,003				134				1978		07/14		25
Mannington, WV	—				218				745				—				—				218				745				963				136				1996		07/14		30
N. Belle Vernon, PA	—				438				1,165				—				—				438				1,165				1,603				254				1996		07/14		25
New Castle, PA	—				292				617				—				—				292				617				909				112				1983		07/14		30
Parkersburg, WV	—				298				782				—				—				298				782				1,080				171				1988		07/14		25
Parkersburg, WV	—				422				739				—				—				422				739				1,161				134				1985		07/14		30
Weston, WV	—				114				583				—				—				114				583				697				106				1995		07/14		30
7-Eleven (Susser/Stripes):
Brownsville, TX	—				1,392				1,444				—				—				1,392				1,444				2,836				507				2005		12/05		40
Brownsville, TX	—				2,530				1,125				—				—				2,530				1,125				3,655				395				1990		12/05		40
Brownsville, TX	—				1,039				1,145				—				—				1,039				1,145				2,184				402				2004		12/05		40
Brownsville, TX	—				2,033				1,288				—				—				2,033				1,288				3,321				452				1995		12/05		40
Brownsville, TX	—				1,015				1,308				—				—				1,015				1,308				2,323				459				2003		12/05		40
Brownsville, TX	—				933				699				—				—				933				699				1,632				245				1999		12/05		40
Brownsville, TX	—				1,843				1,419				—				—				1,843				1,419				3,262				498				2000		12/05		40
Brownsville, TX	—				2,915				1,800				—				—				2,915				1,800				4,715				632				2000		12/05		40
Brownsville, TX	—				1,279				1,015				—				—				1,279				1,015				2,294				356				1990		12/05		40
Brownsville, TX	—				2,417				1,828				—				—				2,417				1,828				4,245				642				2000		12/05		40
Brownsville, TX	—				1,182				1,105				—				—				1,182				1,105				2,287				388				2000		12/05		40
Corpus Christi, TX	—				1,385				1,419				—				—				1,385				1,419				2,804				498				1982		12/05		40
Corpus Christi, TX	—				1,400				1,531				—				—				1,400				1,531				2,931				537				1984		12/05		40
Corpus Christi, TX	—				703				1,037				—				—				703				1,037				1,740				364				1986		12/05		40
Corpus Christi, TX	—				1,308				2,151				—				—				1,308				2,151				3,459				755				1995		12/05		40
Corpus Christi, TX	—				853				1,416				—				—				853				1,416				2,269				497				2005		12/05		40
Donna, TX	—				1,004				1,127				—				—				1,004				1,127				2,131				395				1995		12/05		40
Edinburg, TX	—				1,317				1,624				—				—				1,317				1,624				2,941				570				1999		12/05		40
Edinburg, TX	—				970				1,286				—				—				970				1,286				2,256				451				2003		12/05		40
Falfurias, TX	—				4,244				4,458				—				—				4,213				4,458				8,671				1,565				2002		12/05		40
Freer, TX	—				1,151				1,158				—				—				1,151				1,158				2,309				407				1984		12/05		40
George West, TX	—				1,243				695				—				—				1,243				695				1,938				244				1996		12/05		40
Harlingen, TX	—				754				1,152				—				—				754				1,152				1,906				405				1999		12/05		40
Harlingen, TX	—				906				953				—				—				906				953				1,859				334				1991		12/05		40
Harlingen, TX	—				755				601				—				—				755				601				1,356				211				1987		12/05		40
La Feria, TX	—				900				1,347				—				—				900				1,347				2,247				473				1988		12/05		40
Laredo, TX	—				1,495				1,400				—				—				1,495				1,400				2,895				492				1993		12/05		40
Laredo, TX	—				736				670				—				—				736				670				1,406				235				1984		12/05		40
Laredo, TX	—				675				533				—				—				675				533				1,208				187				1993		12/05		40
Laredo, TX	—				841				739				—				—				841				739				1,580				259				2001		12/05		40
Laredo, TX	—				1,553				1,775				—				—				1,553				1,775				3,328				623				2000		12/05		40
Los Indios, TX	—				1,387				1,457				—				—				1,387				1,457				2,844				511				2005		12/05		40
McAllen, TX	—				987				893				—				—				987				893				1,880				314				1999		12/05		40
McAllen, TX	—				975				1,030				—				—				975				1,030				2,005				361				2003		12/05		40
Mission, TX	—				880				1,101				—				—				880				1,101				1,981				387				1999		12/05		40
Mission, TX	—				1,125				1,213				—				—				1,125				1,213				2,338				426				2003		12/05		40
Olmito, TX	—				3,688				2,880				—				—				3,688				2,880				6,568				1,011				2002		12/05		40
Pharr, TX	—				784				805				—				—				784				805				1,589				282				2000		12/05		40
Pharr, TX	—				982				1,178				—				—				982				1,178				2,160				414				1988		12/05		40
Pharr, TX	—				2,426				1,881				—				—				2,426				1,881				4,307				660				2003		12/05		40
Port Isabel, TX	—				2,062				1,299				—				—				2,062				1,299				3,361				456				1994		12/05		40
Portland, TX	—				656				915				—				—				656				915				1,571				321				1983		12/05		40
Progreso, TX	—				1,769				1,811				—				—				1,769				1,811				3,580				636				1999		12/05		40
Riviera, TX	—				2,351				2,158				—				—				2,351				2,158				4,509				758				2005		12/05		40
San Benito, TX	—				791				1,857				—				—				791				1,857				2,648				652				1994		12/05		40
San Benito, TX	—				1,103				1,586				—				—				1,103				1,586				2,689				557				2005		12/05		40
San Juan, TX	—				1,424				1,546				—				—				1,424				1,546				2,970				543				2004		12/05		40
San Juan, TX	—				1,124				1,172				—				—				1,124				1,172				2,296				411				1996		12/05		40
South Padre Island, TX	—				1,367				1,389				—				—				1,367				1,389				2,756				488				1988		12/05		40
Palmview, TX	—				835				1,372				—				—				835				1,372				2,207				453				2005		10/06		40
Harlingen, TX	—				638				1,807				—				—				638				1,807				2,445				589				2006		12/06		40
Rio Grande City, TX	—				1,871				1,612				—				—				1,871				1,612				3,483				526				2006		12/06		40
San Juan, TX	—				816				1,434				—				—				816				1,434				2,250				468				2006		12/06		40
Zapata, TX	—				1,333				1,773				—				—				1,333				1,773				3,106				578				2006		12/06		40
Orange Grove, TX	—				1,767				1,838				—				—				1,767				1,838				3,605				584				2007		04/07		40
Harlingen, TX	—				408				826				—				—				408				826				1,234				334				1982		11/07		30
Laredo, TX	—				584				958				—				—				584				958				1,542				387				1981		11/07		30
Laredo, TX	—				468				728				—				—				468				728				1,196				294				1973		11/07		30
Laredo, TX	—				448				734				—				—				448				734				1,182				297				1981		11/07		30
Laredo, TX	—				698				1,169				—				—				698				1,169				1,867				472				1981		11/07		30
Laredo, TX	—				348				1,168				—				—				348				1,168				1,516				472				1983		11/07		30
San Benito, TX	—				420				1,135				—				—				420				1,135				1,555				459				1985		11/07		30
Del Rio, TX	—				1,565				758				—				—				1,565				758				2,323				230				1996		11/07		40
Kerrville, TX	—				640				1,616				—				—				640				1,616				2,256				490				1996		11/07		40
Pharr, TX	—				573				1,229				—				—				573				1,229				1,802				370				2000		12/07		40
Harlingen, TX	—				277				808				—				—				277				808				1,085				322				1983		01/08		30
Laredo, TX	—				325				816				—				—				325				816				1,141				325				1983		01/08		30
McAllen, TX	—				643				1,776				—				—				643				1,776				2,419				708				1980		01/08		30
Port Isabel, TX	—				299				855				—				—				299				855				1,154				341				1983		01/08		30
Brownsville, TX	—				843				1,429				—				—				843				1,429				2,272				415				2007		05/08		40
Edinburg, TX	—				834				1,787				—				—				834				1,787				2,621				519				2007		05/08		40
La Villa, TX	—				710				2,166				—				—				710				2,166				2,876				629				2007		05/08		40
Laredo, TX	—				879				1,593				—				—				879				1,593				2,472				463				2007		05/08		40
Laredo, TX	—				1,183				1,934				—				—				1,183				1,934				3,117				562				2007		05/08		40
McAllen, TX	—				1,270				2,383				—				—				1,270				2,383				3,653				923				1986		05/08		30
Aaron's:
Memphis, TN	—				416				—				1,320				—				416				1,320				1,736				697				1998		12/97	(g)	40
Abra Auto Body:
Belmont, NC	—				785				2,375				—				—				785				2,375				3,160				44				1970		07/19		25
Academy:
Franklin, TN	—				1,807				2,108				—				—				1,589				2,108				3,697				1,022				1999		06/05		30
Baton Rouge, LA	—				1,511				4,861				—				—				1,511				4,861				6,372				478				2003		07/17		25
Ace Hardware and Lighting:
Bourbonnais, IL	—				298				1,329				—				—				298				1,329				1,627				656				1997		11/98		37

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				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Action Gypsum Supply:
Carrollton, TX	—			478			535			—			—			478			535			1,013			201			1981		12/04		40
Advance Auto Parts:
Miami, FL	—			867			—			1,035			—			867			1,035			1,902			376			2005		12/04	(g)	40
Abbeville, LA	—			23			148			—			—			23			148			171			67			1970		12/10		20
Abbotsford, WI	—			56			163			—			—			56			163			219			59			1984		12/10		25
Addison, IL	—			76			314			—			—			76			314			390			113			1971		12/10		25
Alsip, IL	—			57			323			—			—			57			323			380			146			1972		12/10		20
Antigo, WI	—			96			294			—			—			96			294			390			89			1998		12/10		30
Arden, NC	—			42			281			—			—			42			281			323			102			1989		12/10		25
Bangor, ME	—			51			339			—			—			51			339			390			123			1985		12/10		25
Bartlett, TN	—			40			293			—			—			40			293			333			106			1989		12/10		25
Bay City, MI	—			106			521			—			—			106			521			627			314			1920		12/10		15
Brunswick, ME	—			41			254			—			—			41			254			295			92			1985		12/10		25
Bucksport, ME	—			19			114			—			—			19			114			133			52			1976		12/10		20
Carol Stream, IL	—			103			515			—			—			103			515			618			233			1960		12/10		20
Chicago, IL	—			83			383			—			—			83			383			466			138			1987		12/10		25
Chippewa Falls, WI	—			33			328			—			—			33			328			361			99			1996		12/10		30
Devils Lake, ND	—			38			276			—			—			38			276			314			83			1999		12/10		30
Dodge City, KS	—			43			166			—			—			43			166			209			100			1948		12/10		15
Eau Claire, WI	—			33			204			—			—			33			204			237			92			1956		12/10		20
Elgin, IL	—			88			311			—			—			88			311			399			141			1965		12/10		20
Escanaba, MI	—			40			283			—			—			40			283			323			102			1982		12/10		25
Gainesville, FL	—			47			362			—			—			47			362			409			218			1957		12/10		15
Greenville, OH	—			63			193			—			—			63			193			256			117			1910		12/10		15
Hayward, WI	—			57			333			—			—			57			333			390			120			1980		12/10		25
Houlton, ME	—			38			219			—			—			38			219			257			198			1915		12/10		10
Irving, TX	—			182			208			—			—			182			208			390			94			1984		12/10		20
Kennedale, TX	—			88			283			—			—			88			283			371			128			1959		12/10		20
Laurel, MS	—			74			202			—			—			74			202			276			121			1959		12/10		15
Madison, TN	—			78			179			—			—			78			179			257			65			1988		12/10		25
Madison, WI	—			57			409			—			—			57			409			466			148			1973		12/10		25
Marshfield, WI	—			60			282			—			—			60			282			342			128			1940		12/10		20

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				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Medford, WI	—			37			229			—			—			37			229			266			83			1988		12/10		25
Midland, TX	—			36			212			—			—			36			212			248			128			1960		12/10		15
Montello, WI	—			26			173			—			—			26			173			199			52			1997		12/10		30
Neillsville, WI	—			26			145			—			—			26			145			171			52			1979		12/10		25
Ocala, FL	—			78			416			—			—			78			416			494			251			1971		12/10		15
Phillips, WI	—			23			177			—			—			23			177			200			53			1992		12/10		30
Rhinelander, WI	—			28			115			—			—			28			115			143			52			1958		12/10		20
River Falls, WI	—			42			234			—			—			42			234			276			106			1976		12/10		20
Rockford, IL	—			61			376			—			—			61			376			437			136			1962		12/10		25
Schofield, WI	—			41			425			—			—			41			425			466			192			1968		12/10		20
Spokane, WA (n)	—			93			373			—			—			93			373			466			169			1972		12/10		20
Spokane, WA	—			66			201			—			—			66			201			267			91			1965		12/10		20
St. Peter, MN	—			17			259			—			—			15			259			274			78			1999		12/10		30
Stayton, OR	—			88			312			—			—			88			312			400			94			1994		12/10		30
Stevens Point, WI	—			61			405			—			—			61			405			466			146			1975		12/10		25
Thornton, CO	—			414			536			—			—			414			536			950			162			1996		12/10		30
Troy, AL	—			15			52			—			—			15			52			67			31			1966		12/10		15
Wausau, WI	—			52			300			—			—			52			300			352			108			1989		12/10		25
Wautoma, WI	—			18			106			—			—			18			106			124			48			1959		12/10		20
West Columbia, SC	—			41			159			—			—			41			159			200			72			1962		12/10		20
West Memphis, AR	—			58			294			—			—			58			294			352			106			1987		12/10		25
Windom, MN (n)	—			5			137			—			—			5			137			142			62			1950		12/10		20
Wisconsin Rapids, WI	—			41			215			—			—			41			215			256			97			1975		12/10		20
Yakima, WA	—			50			321			—			—			50			321			371			145			1965		12/10		20
Aurora, IL	—			641			226			—			—			641			226			867			100			1971		02/11		20
Eagle River, WI	—			99			52			—			—			99			52			151			23			1978		02/11		20
Lexington, KY	—			85			226			—			—			85			226			311			67			1991		02/11		30
Mobile, AL	—			75			197			—			—			75			197			272			83			1975		07/11		20
Fairmont, MN	—			98			166			—			—			98			166			264			66			1978		01/12		20
Sycamore, IL	—			49			476			—			—			49			476			525			189			1924		01/12		20
Orchard Park, NY	—			353			—			725			—			267			725			992			113			2013		05/13	(m)	40
Morrisville, NC	—			127			332			—			—			127			332			459			88			1992		05/13		25
Salt Lake City, UT	—			571			697			—			—			571			697			1,268			231			1951		05/13		20
Crestview, FL	—			158			463			—			—			158			463			621			97			2003		09/13		30

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Depew, NY	—			309			—			821			—			309			821			1,130			115			2014		10/13	(m)	40
Sherman, TX	—			183			—			657			—			183			657			840			106			2005		01/14	(o)	35
Richmond, VA	—			193			1,268			—			—			193			1,268			1,461			248			2008		02/14		30
Adventure Landing:
Jacksonville Beach, FL	—			3,615			5,636			—			—			3,615			5,636			9,251			2,492			1995		04/11		30
Jacksonville, FL	—			721			861			—			—			721			861			1,582			509			1983		04/11		25
Raleigh, NC	—			1,841			3,124			—			—			1,841			3,124			4,965			1,365			1989		04/11		25
St. Augustine, FL	—			797			289			—			—			797			289			1,086			232			1999		04/11		30
Tonawanda, NY	—			205			927			—			—			205			927			1,132			538			1991		04/11		25
Affordable Care:
Asheville, NC	—			467			576			—			—			467			576			1,043			105			2005		07/14		30
Conover, NC	—			187			623			—			—			187			623			810			113			2002		07/14		30
Poland, OH	—			231			650			—			—			231			650			881			142			2001		07/14		25
Wilmington, NC	—			398			565			—			—			398			565			963			103			2002		07/14		30
Ahern Rentals:
Albuquerque, NM	—			1,588			2,423			—			—			1,588			2,423			4,011			53			1972		06/19		25
Arlington, WA	—			2,042			3,304			—			—			2,042			3,304			5,346			72			1978		06/19		25
Bloomfield, CT	—			269			2,738			—			—			269			2,738			3,007			59			1978		06/19		25
Cedar City, UT	—			195			2,111			—			—			195			2,111			2,306			46			1972		06/19		25
Charlotte, NC	—			576			1,932			—			—			576			1,932			2,508			35			2002		06/19		30
Colorado Springs, CO	—			261			1,144			—			—			261			1,144			1,405			21			2000		06/19		30
Deer Park, NY	—			891			2,617			—			—			891			2,617			3,508			57			1966		06/19		25
El Paso, TX	—			380			3,628			—			—			380			3,628			4,008			79			1978		06/19		25
Fife, WA	—			1,272			3,537			—			—			1,272			3,537			4,809			77			1974		06/19		25
Franksville, WI	—			529			2,098			—			—			529			2,098			2,627			32			2018		06/19		35
Houston, TX	—			964			5,546			—			—			964			5,546			6,510			100			1998		06/19		30
Irving, TX	—			455			3,054			—			—			455			3,054			3,509			55			2000		06/19		30
Kansas City, KS	—			1,049			1,959			—			—			1,049			1,959			3,008			42			1946		06/19		25
Kennesaw, GA	—			3,126			2,384			—			—			3,126			2,384			5,510			43			1996		06/19		30
Lake Dallas, TX	—			1,076			5,156			—			—			1,076			5,156			6,232			112			1990		06/19		25
Lubbock, TX	—			269			2,238			—			—			269			2,238			2,507			40			2000		06/19		30

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Oklahoma City, OK	—			603			2,404			—			—			603			2,404			3,007			52			1981		06/19		25
Richfield, UT	—			84			1,369			—			—			84			1,369			1,453			30			1995		06/19		25
Sacramento, CA	—			1,235			1,774			—			—			1,235			1,774			3,009			38			1970		06/19		25
Salt Lake City, UT	—			1,486			5,032			—			—			1,486			5,032			6,518			109			1977		06/19		25
Tampa, FL	—			687			3,822			—			—			687			3,822			4,509			83			1966		06/19		25
Waco, TX	—			288			1,719			—			—			288			1,719			2,007			37			1979		06/19		25
Winston Salem, NC	—			177			1,182			—			—			177			1,182			1,359			26			1970		06/19		25
Ajuua Mexican Restaurant:
Aurora, CO	—			1,168			1,105			22			—			1,168			1,127			2,295			540			2000		06/05		30
Aldi:
Cutler Bay, FL	—			989			1,479			205			—			989			1,684			2,673			936			1995		06/96		40
All Star Sports:
Wichita, KS	—			1,551			965			152			—			1,551			1,117			2,668			337			1987		05/07		40
Wichita, KS	—			3,275			1,631			167			—			3,275			1,798			5,073			550			1988		05/07		40
Allsup's:
Abilene, TX	—			233			2,769			—			—			233			2,769			3,002			12			2009		11/19		30
Abilene, TX	—			58			2,944			—			—			58			2,944			3,002			12			2008		11/19		30
Abilene, TX	—			243			3,760			—			—			243			3,760			4,003			16			2008		11/19		30
Artesia, NM	—			136			2,867			—			—			136			2,867			3,003			14			1980		11/19		25
Azle, TX	—			68			1,935			—			—			68			1,935			2,003			8			1987		11/19		30
Bowie, TX	—			272			2,711			—			—			272			2,711			2,983			11			1987		11/19		30
Brownwood, TX	—			165			3,837			—			—			165			3,837			4,002			16			2012		11/19		30
Canyon, TX	—			146			1,857			—			—			146			1,857			2,003			9			1979		11/19		25
Carlsbad, NM	—			233			2,769			—			—			233			2,769			3,002			14			1980		11/19		25
Carlsbad, NM	—			437			3,565			—			—			437			3,565			4,002			15			1983		11/19		30
Carlsbad, NM	—			146			2,857			—			—			146			2,857			3,003			14			1981		11/19		25
Cisco, TX	—			243			2,760			—			—			243			2,760			3,003			11			2007		11/19		30
Clarendon, TX	—			457			3,546			—			—			457			3,546			4,003			13			2018		11/19		35
Clovis, NM	—			175			1,828			—			—			175			1,828			2,003			8			2011		11/19		30
Clovis, NM	—			155			2,847			—			—			155			2,847			3,002			14			1980		11/19		25

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Comanche, TX	—			360			2,643			—			—			360			2,643			3,003			11			1982		11/19		30
Denver City, TX	—			87			3,915			—			—			87			3,915			4,002			16			1987		11/19		30
Friona, TX	—			107			2,896			—			—			107			2,896			3,003			12			1983		11/19		30
Hobbs, NM	—			87			2,915			—			—			87			2,915			3,002			15			1977		11/19		25
Hobbs, NM	—			330			2,672			—			—			330			2,672			3,002			13			1981		11/19		25
Hobbs, NM	—			544			3,458			—			—			544			3,458			4,002			12			2015		11/19		35
Hobbs, NM	—			68			2,935			—			—			68			2,935			3,003			15			1955		11/19		25
Lovington, NM	—			136			2,867			—			—			136			2,867			3,003			14			1962		11/19		25
Lovington, NM	—			49			2,954			—			—			49			2,954			3,003			15			1962		11/19		25
Plains, TX	—			165			3,837			—			—			165			3,837			4,002			14			2017		11/19		35
Plainview, TX	—			330			3,672			—			—			330			3,672			4,002			13			2018		11/19		35
Portales, NM	—			39			1,964			—			—			39			1,964			2,003			8			1978		11/19		30
Rio Rancho, NM	—			301			2,206			—			—			301			2,206			2,507			9			1989		11/19		30
Roswell, NM	—			146			3,857			—			—			146			3,857			4,003			16			1997		11/19		30
San Angelo, TX	—			476			3,526			—			—			476			3,526			4,002			13			2018		11/19		35
San Angelo, TX	—			622			3,381			—			—			622			3,381			4,003			12			2017		11/19		35
Santa Fe, NM	—			496			2,012			—			—			496			2,012			2,508			8			1995		11/19		30
Santa Fe, NM	—			292			2,216			—			—			292			2,216			2,508			9			1990		11/19		30
Silverton, TX	—			155			2,847			—			—			155			2,847			3,002			14			1981		11/19		25
Snyder, TX	—			185			3,818			—			—			185			3,818			4,003			14			2014		11/19		35
Stephenville, TX	—			612			2,390			—			—			612			2,390			3,002			9			2013		11/19		35
Stephenville, TX	—			884			2,623			—			—			884			2,623			3,507			11			2008		11/19		30
AMC Theatre:
Bloomington, IN	—			2,338			4,000			—			—			2,338			4,000			6,338			1,967			1987		09/07		25
Brighton, CO	—			1,070			5,491			3,000			—			1,070			8,491			9,561			1,981			2005		09/07		40
Castle Rock, CO	—			2,905			5,002			—			—			2,905			5,002			7,907			1,537			2005		09/07		40
Evansville, IN	—			1,300			4,269			3,400			—			1,300			7,669			8,969			1,921			1999		09/07		35
Galesburg, IL	—			1,205			2,441			—			—			1,205			2,441			3,646			750			2003		09/07		40
Machesney Park, IL	—			3,018			8,770			—			—			3,018			8,770			11,788			2,695			2005		09/07		40
Michigan City, IN	—			1,996			8,422			—			—			1,996			8,422			10,418			2,588			2005		09/07		40
Muncie, IN	—			1,243			5,512			2,400			—			1,243			7,912			9,155			1,858			2005		09/07		40
Naperville, IL	—			6,141			11,624			—			—			6,141			11,624			17,765			3,572			2006		09/07		40
New Lenox, IL	—			6,778			10,980			—			—			6,778			10,980			17,758			3,374			2004		09/07		40

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Chicago, IL	—			7,257			10,955			—			—			7,257			10,955			18,212			3,275			2007		01/08		40
Johnson Creek, WI	—			1,433			3,932			—			—			1,433			3,932			5,365			1,343			1997		01/08		35
Lake Delton, WI	—			2,063			8,366			—			—			2,063			8,366			10,429			2,858			1999		01/08		35
Quincy, IL	—			1,297			2,850			—			—			1,297			2,850			4,147			974			1982		01/08		35
Schererville, IN	—			6,619			14,225			—			—			6,619			14,225			20,844			5,670			1996		01/08		30
Fayetteville, NC	—			2,409			—			13,750			—			2,409			13,750			16,159			1,762			2014		11/13		40
Southington, CT	—			1,346			—			4,263			—			1,346			4,263			5,609			788			1993		05/14	(o)	30
Albuquerque, NM	—			1,474			—			10,301			—			1,474			10,301			11,775			1,084			2015		11/14	(m)	40
West Jordan, UT	—			3,302			246			3,117			—			3,302			3,363			6,665			443			2015		05/15	(m)	30
American Family Care:
Mobile, AL	—			843			562			348			—			843			910			1,753			346			1997		12/01		40
Alcoa, TN	—			1,221			—			1,730			—			1,221			1,730			2,951			272			2013		12/12	(m)	40
Cullman, AL	—			541			—			1,517			—			541			1,517			2,058			235			2013		12/12	(m)	40
Decatur, AL	—			460			1,283			—			—			460			1,283			1,743			258			2010		12/12		35
Nashville, TN	—			377			—			1,403			—			377			1,403			1,780			212			2013		12/12	(m)	40
Pace, FL	—			738			—			1,459			—			738			1,459			2,197			226			2013		12/12	(m)	40
Woodstock, GA	—			563			—			1,653			—			563			1,653			2,216			243			2014		12/12	(m)	40
Fairhope, AL	—			(l)			1,929			—			—			(l)			1,929			1,929			332			2012		02/13		40
Dothan, AL	—			667			—			1,400			—			667			1,400			2,067			220			2013		02/13	(m)	40
Auburn, AL	—			663			—			1,835			—			663			1,835			2,498			277			2013		03/13	(m)	40
Milton, GA	—			577			1,526			—			—			577			1,526			2,103			259			2012		03/13		40
Roswell, GA	—			814			—			1,851			—			816			1,851			2,667			249			2014		04/13	(m)	40
Marietta, GA	—			432			—			1,846			—			432			1,846			2,278			271			2014		04/13	(m)	40
Mt. Juliet, TN	—			875			1,566			—			—			875			1,566			2,441			253			2013		07/13		40
Chattanooga, TN	—			469			—			1,626			—			469			1,626			2,095			239			2014		07/13	(m)	40
Columbus, GA	—			550			—			1,520			—			550			1,520			2,070			223			2014		07/13	(m)	40
Birmingham, AL	—			445			—			1,640			—			445			1,640			2,085			244			2005		08/13	(o)	40
Hendersonville, TN	—			660			1,640			—			—			660			1,640			2,300			251			2013		11/13		40
Calera, AL	—			606			—			1,673			—			606			1,673			2,279			228			2014		12/13	(m)	40
Spring Hill, TN	—			589			—			1,718			—			589			1,718			2,307			224			2014		02/14	(m)	40
Athens, AL	—			497			—			1,834			—			497			1,834			2,331			231			2014		03/14	(m)	40
Panama City Beach, FL	—			995			—			1,745			—			995			1,745			2,740			224			2014		04/14	(m)	40
Gadsden, AL	—			527			—			1,565			—			527			1,565			2,092			197			2014		05/14		40

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Knoxville, TN	—			2,021			—			2,014			—			2,021			2,014			4,035			221			2015		08/14	(m)	40
Fort Oglethorpe, GA	—			736			—			1,832			—			736			1,832			2,568			212			2015		08/14	(m)	40
Enterprise, AL	—			570			—			1,703			—			570			1,703			2,273			179			2015		01/15	(m)	40
American Freight:
Glen Allen, VA	—			889			1,948			—			—			889			1,948			2,837			1,149			1996		05/96		40
American Retail Service:
Lincoln City, OR	—			1,099			1,560			—			—			1,099			1,560			2,659			439			1973		12/12		25
Salem, OR	—			433			1,627			735			—			433			2,362			2,795			494			1999		12/12	(o)	40
Yuma, AZ	—			1,118			1,878			—			—			1,118			1,878			2,996			529			1987		12/12		25
Amoco:
Miami, FL	—			969			—			—			—			969			(i)			969			(i)			(i)		05/03		(i)
Sunrise, FL	—			949			—			—			—			949			(i)			949			(i)			(i)		06/03		(i)
Deerfield Beach, FL	—			770			274			26			—			770			300			1,070			102			1980		12/05		40
Amscot:
Tampa, FL	—			1,160			352			—			—			1,160			352			1,512			125			1981		10/05		40
Orlando, FL	—			764			—			891			—			764			891			1,655			301			2006		12/05		40
Orlando, FL	—			664			1,011			—			—			664			983			1,647			328			2006		12/05	(g)	40
Orlando, FL	—			358			—			900			—			358			900			1,258			305			2006		02/06	(g)	40
Orlando, FL	—			546			—			872			—			546			872			1,418			298			2006		02/06	(g)	40
Clearwater, FL	—			456			332			—			—			456			332			788			110			1967		09/06		40
Antojo Mexican Grill:
Lakewood, WA	—			580			201			—			—			575			201			776			133			1984		09/06		20
Applebee's:
Ballwin, MO	—			1,496			1,404			47			—			1,496			1,450			2,946			639			1995		12/01		40
Crestview Hills, KY	—			1,069			1,367			—			—			1,069			1,367			2,436			513			1993		08/10		25
Danville, KY	—			641			1,645			—			—			641			1,645			2,286			514			2003		08/10		30
Florence, KY	—			1,075			1,488			—			—			1,075			1,488			2,563			558			1988		08/10		25
Frankfort, KY	—			862			1,610			—			—			862			1,610			2,472			503			1993		08/10		30

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Georgetown, KY	—			809			1,437			—			—			809			1,437			2,246			449			2001		08/10		30
Hilliard, OH	—			808			1,846			—			—			808			1,846			2,654			577			1998		08/10		30
Maysville, KY	—			513			1,387			—			—			513			1,387			1,900			371			2005		08/10		35
Nicholasville, KY	—			454			1,077			—			—			454			1,077			1,531			337			2000		08/10		30
Troy, OH	—			645			862			—			—			645			862			1,507			323			1996		08/10		25
Grove City, OH	—			511			1,415			—			—			511			1,415			1,926			434			1990		10/10		30
Kettering, OH	—			359			1,043			—			—			359			1,043			1,402			274			2005		10/10		35
Mesa, AZ	—			974			1,514			—			—			974			1,514			2,488			465			1992		10/10		30
Mt. Sterling, KY	—			510			1,392			—			—			510			1,392			1,902			366			2000		10/10		35
Phoenix, AZ	—			781			1,456			—			—			781			1,456			2,237			447			1995		10/10		30
Phoenix, AZ	—			458			1,099			—			—			458			1,099			1,557			289			2004		10/10		35
Angola, IN	—			478			1,533			—			—			478			1,533			2,011			239			2002		07/14		35
Arby's:
Colorado Springs, CO	—			206			534			—			—			206			534			740			241			1998		12/01		40
Thomson, GA	—			268			504			—			—			268			504			772			227			1997		12/01		40
Washington Courthouse, OH	—			157			546			250			—			157			796			953			250			1998		12/01		40
Whitmore Lake, MI	—			171			469			—			—			171			469			640			212			1993		12/01		40
Indianapolis, IN	—			285			686			—			—			285			686			971			125			1998		07/14		30
Indianapolis, IN	—			456			830			—			—			456			830			1,286			129			2005		07/14		35
Madison, GA	—			242			697			—			—			242			697			939			136			1985		02/15		25
Muncie, IN	—			400			876			—			—			400			876			1,276			140			1995		03/15		30
Gordonsville, TN	—			408			1,077			—			—			408			1,077			1,485			145			2009		12/15		30
Ada, OK	—			147			1,841			—			—			147			1,841			1,988			77			1980		12/18		25
Altus, OK	—			333			902			—			—			333			902			1,235			38			1978		12/18		25
Ardmore, OK	—			490			1,206			—			—			490			1,206			1,696			36			2013		12/18		35
Arkansas City, KS	—			59			1,118			—			—			59			1,118			1,177			39			1999		12/18		30
Bentonville, AR	—			245			1,099			—			—			245			1,099			1,344			38			2007		12/18		30
Boonville, MO	—			157			1,040			—			—			157			1,040			1,197			36			2007		12/18		30
Broken Arrow, OK	—			471			765			—			—			471			765			1,236			27			2005		12/18		30
Broken Arrow, OK	—			333			1,138			—			—			333			1,138			1,471			47			1978		12/18		25
Cabot, AR	—			225			1,744			—			—			225			1,744			1,969			61			1994		12/18		30
Choctaw, OK	—			509			2,093			—			—			509			2,093			2,602			62			2017		12/18		35
Claremore, OK	—			196			1,976			—			—			196			1,976			2,172			69			2005		12/18		30

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Clinton, MO	—			147			1,196			—			—			147			1,196			1,343			42			2005		12/18		30
Coffeyville, KS	—			59			1,059			—			—			59			1,059			1,118			37			1995		12/18		30
Colorado Springs, CO	—			344			885			—			—			344			885			1,229			31			2004		12/18		30
Concordia, KS	—			118			923			—			—			118			923			1,041			38			1992		12/18		25
Conway, AR	—			157			972			—			—			157			972			1,129			34			1994		12/18		30
Derby, KS	—			353			941			—			—			353			941			1,294			33			2000		12/18		30
Eagle, ID	—			441			990			—			—			441			990			1,431			29			2017		12/18		35
Edmond, OK	—			186			951			—			—			186			951			1,137			40			1977		12/18		25
Edwardsville, IL	—			147			1,294			—			—			147			1,294			1,441			45			2000		12/18		30
El Dorado, KS	—			167			1,030			—			—			167			1,030			1,197			36			2004		12/18		30
Fayetteville, AR	—			441			1,069			—			—			441			1,069			1,510			37			1998		12/18		30
Fayetteville, AR	—			550			658			—			—			550			658			1,208			23			2006		12/18		30
Fort Smith, AR	—			393			1,090			—			—			393			1,090			1,483			45			1980		12/18		25
Fountain, CO	—			707			913			—			—			707			913			1,620			27			2013		12/18		35
Glenpool, OK	—			137			1,334			—			—			137			1,334			1,471			56			1980		12/18		25
Godfrey, IL	—			157			1,186			—			—			157			1,186			1,343			41			2001		12/18		30
Greeley, CO	—			529			1,684			—			—			529			1,684			2,213			50			2017		12/18		35
Greenwood, AR	—			59			943			—			—			59			943			1,002			33			1994		12/18		30
Guthrie, OK	—			303			1,566			—			—			303			1,566			1,869			54			2002		12/18		30
Harrison, AR	—			402			1,423			—			—			402			1,423			1,825			49			2003		12/18		30
Harrisonville, MO	—			372			902			—			—			372			902			1,274			38			1986		12/18		25
Hays, KS	—			176			1,888			—			—			176			1,888			2,064			79			1986		12/18		25
Hot Springs, AR	—			441			1,128			—			—			441			1,128			1,569			47			1985		12/18		25
Hutchinson, KS	—			118			952			—			—			118			952			1,070			40			1982		12/18		25
Hutchinson, KS	—			206			1,098			—			—			206			1,098			1,304			38			2006		12/18		30
Independence, MO	—			412			853			—			—			412			853			1,265			30			2008		12/18		30
Independence, MO	—			294			1,341			—			—			294			1,341			1,635			47			2010		12/18		30
Jerseyville, IL	—			187			845			—			—			187			845			1,032			29			1998		12/18		30
Kansas City, MO	—			470			1,194			—			—			470			1,194			1,664			36			2015		12/18		35
Kearney, MO	—			343			1,234			—			—			343			1,234			1,577			43			1996		12/18		30
Lansing, KS	—			245			834			—			—			245			834			1,079			29			2007		12/18		30
Lawton, OK	—			431			1,039			—			—			431			1,039			1,470			43			1987		12/18		25
Litchfield, IL	—			186			1,402			—			—			186			1,402			1,588			42			2013		12/18		35
Little Rock, AR	—			736			579			—			—			736			579			1,315			17			2013		12/18		35

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Little Rock, AR	—			393			541			—			—			393			541			934			23			1988		12/18		25
Manhattan, KS	—			333			1,078			—			—			333			1,078			1,411			32			2015		12/18		35
Mehlville, MO	—			167			1,264			—			—			167			1,264			1,431			44			2005		12/18		30
Midwest City, OK	—			226			922			—			—			226			922			1,148			38			1978		12/18		25
Midwest City, OK	—			245			980			—			—			245			980			1,225			41			1978		12/18		25
Mission, KS	—			314			892			—			—			314			892			1,206			31			1999		12/18		30
Moore, OK	—			196			727			—			—			196			727			923			30			1977		12/18		25
Moore, OK	—			530			814			—			—			530			814			1,344			28			2006		12/18		30
Muskogee, OK	—			157			1,000			—			—			157			1,000			1,157			35			2000		12/18		30
Neosho, MO	—			206			971			—			—			206			971			1,177			34			2007		12/18		30
Newcastle, OK	—			176			1,225			—			—			176			1,225			1,401			43			2007		12/18		30
Nixa, MO	—			490			628			—			—			490			628			1,118			22			2005		12/18		30
Norman, OK	—			353			874			—			—			353			874			1,227			30			1994		12/18		30
North Little Rock, AR	—			491			432			—			—			491			432			923			13			2006		12/18		35
Oklahoma City, OK	—			433			560			—			—			433			560			993			19			2003		12/18		30
Osage Beach, MO	—			245			932			—			—			245			932			1,177			32			2008		12/18		30
Park City, KS	—			284			1,351			—			—			284			1,351			1,635			40			2017		12/18		35
Pittsburg, KS	—			216			1,303			—			—			216			1,303			1,519			54			1978		12/18		25
Platte City, MO	—			392			921			—			—			392			921			1,313			32			2003		12/18		30
Sallisaw, OK	—			127			1,186			—			—			127			1,186			1,313			41			2002		12/18		30
Sand Springs, OK	—			147			1,459			—			—			147			1,459			1,606			51			1998		12/18		30
Sapulpa, OK	—			147			1,733			—			—			147			1,733			1,880			72			1981		12/18		25
Shawnee, OK	—			98			1,254			—			—			98			1,254			1,352			52			1980		12/18		25
Siloam Springs, AR	—			216			1,216			—			—			216			1,216			1,432			51			1980		12/18		25
St. Louis, MO	—			363			1,019			—			—			363			1,019			1,382			35			2008		12/18		30
Topeka, KS	—			587			1,116			—			—			587			1,116			1,703			39			2006		12/18		30
Tulsa, OK	—			529			784			—			—			529			784			1,313			33			1993		12/18		25
Tulsa, OK	—			206			1,216			—			—			206			1,216			1,422			51			1982		12/18		25
Tulsa, OK	—			98			865			—			—			98			865			963			36			1981		12/18		25
Tulsa, OK	—			539			716			—			—			539			716			1,255			25			1997		12/18		30
Tulsa, OK	—			804			716			—			—			804			716			1,520			25			2006		12/18		30
Tulsa, OK	—			323			1,470			—			—			323			1,470			1,793			61			1981		12/18		25
Union, MO	—			128			835			—			—			128			835			963			29			2006		12/18		30
Van Buren, AR	—			334			1,187			—			—			334			1,187			1,521			41			2000		12/18		30

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Vandalia, IL	—			206			962			—			—			206			962			1,168			40			1981		12/18		25
Weatherford, OK	—			118			1,469			—			—			118			1,469			1,587			51			1999		12/18		30
Wichita, KS	—			98			1,089			—			—			98			1,089			1,187			45			1981		12/18		25
Wichita, KS	—			314			960			—			—			314			960			1,274			33			1994		12/18		30
Wichita, KS	—			343			687			—			—			343			687			1,030			20			2014		12/18		35
Woodward, OK	—			108			1,401			—			—			108			1,401			1,509			58			1982		12/18		25
Wagoner, OK	—			157			971			—			—			157			971			1,128			28			1988		04/19		25
Mustang, OK	—			285			1,403			—			—			285			1,403			1,688			16			1984		09/19		25
ARCO ampm:
Casa Grande, AZ	—			2,340			1,894			83			—			2,340			1,905			4,245			640			1993		05/08		35
Gilbert, AZ	—			1,317			1,304			85			—			1,166			1,325			2,491			454			1996		05/08		35
Globe, AZ	—			762			2,148			114			—			762			2,180			2,942			745			1998		05/08		35
Mesa, AZ	—			2,219			2,140			89			—			2,219			2,170			4,389			652			2000		05/08		40
Mesa, AZ	—			1,332			1,367			92			—			1,156			1,385			2,541			548			1986		05/08		30
Prescott, AZ	—			1,266			1,261			118			—			1,266			1,294			2,560			452			1997		05/08		35
Scottsdale, AZ	—			1,529			1,373			240			—			1,529			1,451			2,980			534			1999		05/08		35
Sedona, AZ	—			1,281			1,324			107			—			1,281			1,345			2,626			406			2000		05/08		40
Tucson, AZ	—			1,223			1,911			102			—			1,223			1,932			3,155			656			1996		05/08		35
Tucson, AZ	—			1,457			1,619			125			—			1,457			1,651			3,108			570			1995		05/08		35
Tucson, AZ	—			1,083			1,599			86			—			1,083			1,620			2,703			552			1992		05/08		35
Tucson, AZ	—			1,105			1,336			111			—			1,105			1,358			2,463			466			1992		05/08		35
Soldotna, AK	—			180			891			—			—			180			891			1,071			194			1985		07/14		25
Ashley Furniture:
Altamonte Springs, FL	—			2,906			4,877			315			—			2,906			5,192			8,098			2,874			1997		09/97		40
Florissant, MO	—			896			1,057			3,058			—			899			4,113			5,012			1,132			1996		04/03	(g)	40
Louisville, KY	—			1,667			4,989			—			—			1,667			4,989			6,656			1,845			2005		03/05		40
At Home:
Douglasville, GA	—			1,588			3,916			—			—			1,588			3,916			5,504			1,477			1987		06/12		20
Humble, TX	—			3,559			5,046			—			—			3,559			5,046			8,605			1,522			2001		06/12		25
Noblesville, IN	—			1,870			4,241			—			—			1,870			4,241			6,111			1,599			1995		06/12		20
Sandston, VA	—			1,972			6,599			—			—			1,972			6,599			8,571			1,991			1996		06/12		25
Greensboro, NC	—			2,121			6,460			—			—			2,121			6,460			8,581			1,516			1998		12/12		30
Greenville, SC	—			1,892			5,404			—			—			1,727			5,404			7,131			1,162			1996		08/14		25
Hilliard, OH	—			1,747			4,642			—			—			1,836			4,514			6,350			941			1994		10/14		25
San Antonio, TX	—			3,818			5,922			—			—			3,818			5,922			9,740			896			1999		06/15		30
Colorado Springs, CO	—			3,173			6,928			—			—			3,173			6,928			10,101			150			1969		06/19		25
Kissimmee, FL	—			2,204			5,847			—			—			2,204			5,847			8,051			127			1992		06/19		25
O'Fallon, IL	—			2,160			7,484			—			—			2,160			7,484			9,644			162			1998		06/19		25
AT&T:
Cincinnati, OH	—			297			443			347			—			312			775			1,087			343			1999		06/98		40
Auto Solution:
Albuquerque, NM	—			1,113			—			1,443			—			1,113			1,443			2,556			518			2005		04/04	(f)	40
AutoZone:
Homestead, PA	—			500			—			105			—			605			(i)			605			(i)			(i)		02/97		(i)
Bandana's BBQ:
St. Peters, MO	—			318			640			—			—			318			640			958			125			1981		02/15		25
BankUnited:
Orlando, FL	—			257			287			—			—			257			72			329			21			1988		07/92		30
Bar Louie:
Rochester, NY	—			792			1,535			204			—			756			1,733			2,489			505			1995		06/07		40
Barnes & Noble:
Brandon, FL	—			1,476			1,527			—			—			1,476			1,527			3,003			954			1995		08/94	(f)	40
Glendale, CO	—			3,245			2,722			—			—			3,245			2,722			5,967			1,718			1994		09/94		40
Plantation, FL	—			3,616			3,498			—			—			3,616			960			4,576			199			1996		05/95	(f)	30
Freehold, NJ	—			2,917			2,261			—			—			2,917			2,261			5,178			1,352			1995		01/96		40
Dayton, OH	—			1,413			3,325			—			—			1,413			3,325			4,738			1,865			1996		05/97		40
Redding, CA	—			497			1,626			—			—			497			1,626			2,123			916			1997		06/97		40
Memphis, TN	—			1,574			2,242			—			—			1,574			2,242			3,816			892			1997		09/97		40
Marlton, NJ	—			2,831			4,319			—			—			2,709			4,319			7,028			2,281			1995		11/98		40
Batteries Plus Bulbs:
Sunrise, FL	—			287			424			98			—			287			521			808			176			1979		05/04		40
Bay County Tax Collector:
Lynn Haven, FL	—			797			865			—			—			797			865			1,662			566			1974		06/13		10
Bealls:
Sarasota, FL	—			1,078			1,795			143			—			1,131			1,886			3,017			760			1996		09/97		40
Beautiful America Dry Cleaners:
Orlando, FL	—			40			111			—			—			40			111			151			44			2001		02/04		40
Bed Bath & Beyond:
Glen Allen, VA	—			1,184			2,843			262			—			1,267			3,021			4,288			1,307			1997		06/98		40
Glendale, AZ	—			1,082			—			2,758			—			1,082			2,758			3,840			1,411			1999		12/98	(g)	40
Colonie, NY	—			3,119			4,130			—			—			3,119			4,130			7,249			740			1967		08/14		30
BEL Furniture:
Beaumont, TX	—			614			2,177			—			—			614			2,177			2,791			902			1992		09/11		20
Belle Tire:
Lansing, MI	—			983			2,969			—			—			983			2,969			3,952			111			2005		11/18		30
Lapeer, MI	—			588			2,980			—			—			588			2,980			3,568			96			2013		11/18		35
Michigan City, IN	—			665			4,537			—			—			665			4,537			5,202			146			2017		11/18		35
Midland, MI	—			308			3,538			—			—			308			3,538			3,846			133			2006		11/18		30
Mt. Pleasant, MI	—			308			3,740			—			—			308			3,740			4,048			120			2012		11/18		35
Muskegon, MI	—			733			3,114			—			—			733			3,114			3,847			100			2012		11/18		35
Northville, MI	—			905			5,448			—			—			905			5,448			6,353			175			2017		11/18		35
Gaylord, MI	—			580			2,049			—			—			580			2,049			2,629			56			2018		01/19		35
Camby, IN	—			860			—			2,264			—			860			2,264			3,124			31			2019		02/19	(m)	40
Columbus, IN	—			744			—			2,435			—			744			2,435			3,179			38			2019		02/19	(m)	40
Greenfield, IN	—			570			—			2,342			—			570			2,342			2,912			32			2019		02/19	(m)	40
Greenwood, IN	—			281			2,297			—			—			281			2,297			2,578			45			2019		03/19		40
Cumberland, IN	—			464			2,223			—			—			464			2,223			2,687			44			2019		03/19		40
Plainfield, IN	—			713			—			2,419			—			713			2,419			3,132			33			2019		03/19	(m)	40
Indianapolis, IN	—			513			—			2,489			—			513			2,489			3,002			23			2019		05/19	(m)	40
Whitestown, IN	—			912			—			3,340			—			912			3,340			4,252			24			2019		05/19	(m)	40
Bloomington, IN	—			883			—			2,632			—			883			2,632			3,515			19			2019		05/19	(m)	(k)
Lawrence, IN	—			463			—			2,790			—			463			2,790			3,253			15			2019		06/19	(m)	40
Merrillville, IN	—			793			—			3,048			—			793			3,048			3,841			22			2019		07/19	(m)	40
Petoskey, MI	—			822			2,146			—			—			822			2,146			2,968			20			2019		08/19		40
Fishers, IN	—			777			—			—			—			777			(e)			777			(e)			(e)		10/19	(m)	(e)
Brownsburg, IN	—			938			—			—			—			938			(e)			938			(e)			(e)		10/19	(m)	(e)
Lafayette, IN	—			493			—			—			—			493			(e)			493			(e)			(e)		11/19	(m)	(e)
Terre Haute, IN	—			838			—			—			—			838			(e)			838			(e)			(e)		11/19	(m)	(e)
West Lafayette, IN	—			673			—			—			—			673			(e)			673			(e)			(e)		11/19	(m)	(e)
Best Buy:
Brandon, FL	—			2,985			2,772			—			—			2,985			2,772			5,757			1,585			1996		02/97		40
Cuyahoga Falls, OH	—			3,709			2,359			—			—			3,703			2,359			6,062			1,330			1988		06/97		40
Rockville, MD	—			6,233			3,419			—			—			6,233			3,419			9,652			1,920			1995		07/97		40
Fairfax, VA	—			3,052			3,218			—			—			3,052			3,218			6,270			1,800			1995		08/97		40
St Petersburg, FL	—			4,032			2,611			—			—			4,032			2,611			6,643			1,312			1997		09/97		35
North Fayette, PA	—			2,331			2,293			—			—			2,331			2,293			4,624			1,235			1997		06/98		40
Denver, CO	—			8,882			4,373			—			—			8,882			4,373			13,255			2,027			1991		06/01		40
Albuquerque, NM	—			2,157			3,132			—			—			2,157			3,132			5,289			1,039			1992		09/11		25
Arlington, TX	—			1,372			3,890			—			—			1,372			3,890			5,262			1,290			1991		09/11		25
Fort Collins, CO	—			2,054			3,346			—			—			2,054			3,346			5,400			1,110			1992		09/11		25
Fort Worth, TX	—			687			2,177			—			—			687			2,177			2,864			602			1992		09/11		30
Houston, TX	—			1,409			3,095			—			—			1,301			3,003			4,304			830			1992		09/11		30
Nashua, NH	—			1,028			7,052			—			—			1,028			7,052			8,080			1,949			1999		09/11		30
North Attleborough, MA	—			2,761			4,165			—			—			2,761			4,165			6,926			1,151			1999		09/11		30
Schaumburg, IL	—			3,170			4,784			—			—			3,170			4,784			7,954			1,984			1965		09/11		20
Virginia Beach, VA	—			3,140			4,276			—			—			3,140			4,276			7,416			1,182			1999		09/11		30
Big Lots:
Dover, NJ	—			1,138			3,238			732			—			1,138			3,970			5,108			1,920			1995		11/98		40
Florence, AL	—			1,034			—			4,857			—			851			4,857			5,708			810			2012		06/04	(m)	40
Webster Groves, MO	—			1,061			1,467			—			—			1,061			1,467			2,528			167			1970		04/18		15
Big Sky Mattress:
Helena, MT	—			658			1,568			—			—			658			1,568			2,226			175			2015		03/15		40
Bishop Family Insurance Agency:
Spotsylvania, VA	—			1,398			1,158			11			—			288			210			498			200			1964		06/13		35
BJ's Wholesale Club:
Orlando, FL	—			3,271			8,627			357			—			3,267			8,966			12,233			3,545			2001		02/04		40
Fairfax, VA	—			6,792			14,941			—			—			6,706			14,941			21,647			4,130			1992		09/11		30
Hamilton, NJ	—			3,166			29,373			—			—			3,166			29,373			32,539			6,959			2002		09/11		35
Hialeah, FL	—			4,792			14,067			—			—			4,792			14,067			18,859			3,888			2000		09/11		30
Roxbury, NJ	—			3,040			16,168			—			—			3,040			16,168			19,208			5,362			1993		09/11		25
W. Hartford, CT	—			2,846			14,299			—			—			2,846			14,299			17,145			3,952			1996		09/11		30
Cape Coral, FL	—			2,783			13,710			—			—			2,783			13,710			16,493			1,733			2005		03/16		30
Voorhees, NJ	—			3,103			14,055			—			—			3,103			14,055			17,158			1,737			2004		04/16		30
Manchester, NH	—			5,009			14,053			—			—			5,009			14,053			19,062			839			1990		03/18		30
Auburn, MA	—			3,371			9,718			—			—			3,371			9,718			13,089			113			1992		09/19		25
Stoughton, MA	—			5,251			10,735			—			—			5,251			10,735			15,986			125			1991		09/19		25
BMW:
Duluth, GA	—			4,434			4,080			6,559			—			4,504			10,639			15,143			3,830			1984		12/01		40
Bob Evans:
Amherst, NY	—			422			971			—			—			422			971			1,393			120			1994		04/16		30
Ashland, KY	—			383			913			—			—			383			913			1,296			113			2003		04/16		30
Avon, IN	—			432			609			—			—			414			609			1,023			75			2004		04/16		30
Baltimore, MD	—			1,138			196			—			—			1,138			196			1,334			24			1993		04/16		30
Batavia, NY	—			599			657			—			—			599			657			1,256			81			1996		04/16		30
Beachwood, OH	—			542			108			—			—			542			108			650			13			2004		04/16		30

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Beavercreek, OH	—			570			334			—			—			570			334			904			41			2003		04/16		30
Beckley, WV	—			579			824			—			—			579			824			1,403			103			1992		04/16		30
Bel Air, MD	—			911			1,147			—			—			911			1,147			2,058			142			1995		04/16		30
Benton Harbor, MI	—			157			1,079			—			—			157			1,079			1,236			133			1989		04/16		30
Blue Springs, MO	—			550			462			—			—			550			462			1,012			57			1996		04/16		30
Brook Park, OH	—			570			570			—			—			570			570			1,140			70			2002		04/16		30
Camby, IN	—			510			932			—			—			510			932			1,442			115			2002		04/16		30
Canton, MI	—			776			167			—			—			776			167			943			21			2002		04/16		30
Canton, MI	—			804			589			—			—			804			589			1,393			73			2003		04/16		30
Chesterfield Twp, MI	—			746			491			—			—			746			491			1,237			61			2003		04/16		30
Chillicothe, OH	—			334			727			—			—			266			702			968			87			1995		04/16		30
Cincinnati, OH	—			482			295			—			—			480			295			775			36			1997		04/16		30
Cincinnati, OH	—			500			1,323			—			—			500			1,323			1,823			164			1999		04/16		30
Clarksville, IN	—			726			794			—			—			726			794			1,520			98			2000		04/16		30
Clearwater, FL	—			520			648			—			—			520			648			1,168			96			1986		04/16		25
Clermont, FL	—			1,011			49			—			—			1,011			49			1,060			6			2006		04/16		30
Coldwater, MI	—			324			1,020			—			—			324			1,020			1,344			151			1995		04/16		25
Columbia, MO	—			491			521			—			—			491			521			1,012			64			1997		04/16		30
Columbus, IN	—			696			1,117			—			—			696			1,117			1,813			118			2005		04/16		35
Columbus, OH	—			647			1,010			—			—			647			1,010			1,657			125			1994		04/16		30
Columbus, OH	—			432			961			—			—			432			961			1,393			143			1985		04/16		25
Corning, NY	—			196			1,412			—			—			196			1,412			1,608			175			1996		04/16		30
Cross Lanes, WV	—			354			600			—			—			354			600			954			89			1987		04/16		25
Dearborn, MI	—			560			579			—			—			560			579			1,139			86			1984		04/16		25
Dublin, OH	—			697			677			—			—			697			677			1,374			100			1985		04/16		25
Dublin, OH	—			804			559			—			—			804			559			1,363			69			1996		04/16		30
Dunkirk, NY	—			392			1,353			—			—			392			1,353			1,745			167			1994		04/16		30
Erie, PA	—			941			902			—			—			941			902			1,843			134			1990		04/16		25
Erie, PA	—			451			765			—			—			451			765			1,216			95			1998		04/16		30
Fairfield, OH	—			138			776			—			—			138			776			914			96			1999		04/16		30
Fayetteville, WV	—			392			1,285			—			—			392			1,285			1,677			159			2006		04/16		30
Festus, MO	—			451			1,020			—			—			451			1,020			1,471			151			1990		04/16		25
Fort Wayne, IN	—			795			451			—			—			795			451			1,246			56			1997		04/16		30
Fort Wayne, IN	—			765			716			—			—			736			716			1,452			88			2003		04/16		30

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Franklin, IN	—			245			1,011			—			—			245			1,011			1,256			125			2003		04/16		30
Frederick, MD	—			491			491			—			—			491			491			982			61			1995		04/16		30
Gahanna, OH	—			755			1,176			—			—			755			1,176			1,931			145			1994		04/16		30
Gaylord, MI	—			618			922			—			—			618			922			1,540			114			1997		04/16		30
Greenfield, IN	—			246			766			—			—			246			766			1,012			95			1994		04/16		30
Greenwood, IN	—			481			883			—			—			481			883			1,364			109			2002		04/16		30
Groveport, OH	—			549			1,078			—			—			549			1,078			1,627			133			2003		04/16		30
Harborcreek, PA	—			510			609			—			—			510			609			1,119			75			2004		04/16		30
Heath, OH	—			363			1,323			—			—			363			1,323			1,686			196			1986		04/16		25
Hillsboro, OH	—			245			1,285			—			—			245			1,285			1,530			159			2004		04/16		30
Holland, OH	—			804			843			—			—			804			843			1,647			125			1987		04/16		25
Indianapolis, IN	—			559			1,088			—			—			559			1,088			1,647			135			2001		04/16		30
Indianapolis, IN	—			569			1,157			—			—			569			1,157			1,726			143			2000		04/16		30
Indianapolis, IN	—			765			765			—			—			765			765			1,530			113			1985		04/16		25
Jackson, MI	—			608			1,029			—			—			608			1,029			1,637			127			2002		04/16		30
Jacksonville, FL	—			696			696			—			—			696			696			1,392			86			2002		04/16		30
Jamestown, NY	—			334			697			—			—			334			697			1,031			86			1995		04/16		30
Lakeland, FL	—			618			540			—			—			618			540			1,158			67			2005		04/16		30
Lancaster, PA	—			647			687			—			—			647			687			1,334			85			1997		04/16		30
Lansing, MI	—			588			873			—			—			588			873			1,461			108			2001		04/16		30
Laurel, MD	—			716			990			—			—			716			990			1,706			122			1998		04/16		30
Lewis Center, OH	—			608			1,049			—			—			608			1,049			1,657			130			2001		04/16		30
Lewisburg, WV	—			354			619			—			—			354			619			973			77			2003		04/16		30
Lexington, KY	—			432			619			—			—			432			619			1,051			77			2001		04/16		30
Linthicum Heights, MD	—			687			755			—			—			687			755			1,442			93			2004		04/16		30
Livonia, MI	—			716			755			—			—			716			755			1,471			112			1982		04/16		25
Logan, WV	—			314			1,285			—			—			314			1,285			1,599			159			1999		04/16		30
Logansport, IN	—			118			1,148			—			—			118			1,148			1,266			142			1994		04/16		30
London, OH	—			235			1,060			—			—			235			1,060			1,295			131			2004		04/16		30
Louisville, KY	—			815			432			—			—			815			432			1,247			53			2003		04/16		30
Madison Heights, MI	—			599			667			—			—			599			667			1,266			82			2000		04/16		30
Mansfield, OH	—			275			1,069			—			—			275			1,069			1,344			132			2005		04/16		30
Marion, IL	—			344			658			—			—			344			658			1,002			81			1997		04/16		30
Marion, IN	—			443			364			—			—			443			364			807			45			1996		04/16		30

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				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Martinsburg, WV	—			815			491			—			—			815			491			1,306			61			1992		04/16		30
Maumee, OH	—			766			295			—			—			766			295			1,061			36			2000		04/16		30
Medina, OH	—			402			922			—			—			402			922			1,324			137			1988		04/16		25
Mentor, OH	—			667			1,039			—			—			667			1,039			1,706			128			1995		04/16		30
Merrillville, IN	—			942			422			—			—			942			422			1,364			52			2004		04/16		30
Moon Township, PA	—			452			521			—			—			452			521			973			77			1984		04/16		25
Morgantown, WV	—			1,000			990			—			—			1,000			990			1,990			122			1992		04/16		30
New Albany, OH	—			539			1,431			—			—			539			1,431			1,970			177			2002		04/16		30
New Castle, PA	—			461			912			—			—			461			912			1,373			113			2005		04/16		30
Ocala, FL	—			608			1,137			—			—			608			1,137			1,745			141			2000		04/16		30
Ocala, FL	—			853			706			—			—			853			706			1,559			87			2005		04/16		30
Oxford, OH	—			294			1,216			—			—			294			1,216			1,510			150			1994		04/16		30
Perrysburg, OH	—			795			363			—			—			795			363			1,158			45			2001		04/16		30
Perrysburg, OH	—			559			990			—			—			559			990			1,549			147			1984		04/16		25
Pickerington, OH	—			519			1,509			—			—			519			1,509			2,028			187			1999		04/16		30
Pittsburgh, PA	—			491			687			—			—			491			687			1,178			102			1985		04/16		25
Port Orange, FL	—			648			491			—			—			648			491			1,139			61			2002		04/16		30
Powell, OH	—			824			706			—			—			824			706			1,530			87			2004		04/16		30
Princeton, WV	—			363			1,255			—			—			363			1,255			1,618			155			1998		04/16		30
Richmond, IN	—			363			1,001			—			—			363			1,001			1,364			106			2003		04/16		35
Rio Grande, OH	—			314			1,333			—			—			314			1,333			1,647			198			1962		04/16		25
Romulus, MI	—			902			628			—			—			902			628			1,530			93			1988		04/16		25
Saginaw, MI	—			648			481			—			—			648			481			1,129			71			1987		04/16		25
Salisbury, MD	—			913			471			—			—			913			471			1,384			58			1997		04/16		30
Somerset, KY	—			245			1,295			—			—			245			1,295			1,540			160			1995		04/16		30
South Bloomfield, OH	—			177			1,236			—			—			177			1,236			1,413			153			2005		04/16		30
South Euclid, OH	—			216			933			—			—			216			933			1,149			99			2012		04/16		35
St. Louis, MO	—			697			589			—			—			697			589			1,286			87			1986		04/16		25
St. Petersburg, FL	—			727			324			—			—			727			324			1,051			48			1986		04/16		25
Stafford, VA	—			764			1,225			—			—			764			1,225			1,989			151			2004		04/16		30
Toledo, OH	—			745			1,225			—			—			745			1,225			1,970			182			1990		04/16		25
Waldorf, MD	—			844			657			—			—			844			657			1,501			81			2004		04/16		30
Washington C H, OH	—			304			923			—			—			304			923			1,227			114			1993		04/16		30
Washington, PA	—			579			501			—			—			579			501			1,080			62			2003		04/16		30

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Watertown, NY	—			196			1,461			—			—			196			1,461			1,657			181			1996		04/16		30
Waverly, OH	—			226			1,226			—			—			226			1,226			1,452			152			1995		04/16		30
West Chester, OH	—			765			706			—			—			765			706			1,471			87			1999		04/16		30
Wilmington, OH	—			216			1,392			—			—			216			1,392			1,608			172			1993		04/16		30
Woodhaven, MI	—			511			599			—			—			511			599			1,110			74			2000		04/16		30
Wooster, OH	—			216			1,109			—			—			216			1,109			1,325			137			1995		04/16		30
Zanesville, OH	—			363			746			—			—			363			746			1,109			92			2003		04/16		30
Zanesville, OH	—			314			1,333			—			—			314			1,333			1,647			165			2000		04/16		30
Bob's Discount Furniture:
Merrillville, IN	—			981			—			7,285			—			981			7,285			8,266			660			2016		09/15	(m)	40
Wharton, NJ	—			1,894			4,899			—			—			1,894			4,899			6,793			429			1981		05/17		30
Madison, WI	—			686			2,723			—			—			686			2,723			3,409			68			1997		05/19		25
Bombones Sports Bar:
Dallas, TX	—			1,138			1,025			370			—			1,138			936			2,074			461			1994		12/01		40
Bonefish:
Mobile, AL	—			801			2,137			—			—			801			2,137			2,938			476			2006		03/12		35
Books-A-Million:
Newark, DE	—			2,394			4,789			33			—			2,366			4,822			7,188			3,002			1994		12/94		40
Bangor, ME	—			1,547			2,487			—			—			1,547			2,487			4,034			1,463			1996		06/96		40
Boot Barn:
Lake Charles, LA	—			652			1,734			—			—			652			1,734			2,386			188			1998		04/17		25
Mesquite, TX	—			1,375			3,849			—			—			1,375			3,849			5,224			122			1981		03/19		25
Boston Market:
North Olmsted, OH	—			602			461			—			—			602			389			991			176			1996		12/01		40
Novi, MI	—			836			651			—			—			836			298			1,134			138			1995		12/01		40
BP:
Jeannette, PA	—			79			235			—			—			79			235			314			51			1995		07/14		25

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Buck's:
St. Louis, MO	—			776			—			3,822			—			776			3,822			4,598			1,023			2009		12/07	(o)	40
Glendale Heights, IL	—			1,662			—			3,101			—			1,662			3,101			4,763			307			2016		03/14	(m)	40
Omaha, NE	—			2,662			—			3,356			—			2,662			3,356			6,018			318			2016		05/15	(m)	40
Council Bluffs, IA	—			374			2,187			386			—			376			2,573			2,949			380			2015		06/15	(m)	30
Buffalo Wild Wings:
Michigan City, IN	—			163			492			—			—			163			492			655			222			1996		12/01		40
Burger King:
Clifton Park, NY	—			199			1,639			—			—			199			1,639			1,838			228			2004		02/15		35
Colorado Springs, CO	—			638			1,047			—			—			638			1,047			1,685			204			1978		02/15		25
Durham, NC	—			566			555			—			—			566			555			1,121			90			1998		02/15		30
Durham, NC	—			604			581			—			—			604			581			1,185			94			2005		02/15		30
Farmington, ME	—			461			708			—			—			461			708			1,169			115			1980		02/15		30
Yakima, WA	—			596			1,110			—			—			596			1,110			1,706			180			1979		02/15		30
Fairfield, OH	—			382			1,146			350			—			382			1,496			1,878			159			1984		03/15		35
Burlington Coat Factory:
Lacey, WA	—			2,777			7,082			3,617			—			2,777			10,700			13,477			4,816			1992		02/97		40
Chesterfield, MO	—			2,742			6,469			147			—			2,742			6,616			9,358			738			2015		04/15		40
C&C Gymnastics:
Augusta, GA	—			177			674			—			—			177			674			851			304			1998		12/01		40
Cafe Royal:
New Castle, IN	—			113			19			—			—			113			19			132			6			1991		07/11		25
Caliber Collision:
Alvin, TX	—			400			712			—			—			400			712			1,112			316			1984		02/11		20
Galveston, TX	—			361			789			—			—			361			789			1,150			350			1965		02/11		20
Houston, TX	—			348			1,731			—			—			348			1,731			2,079			614			1987		02/11		25
Copperas Cove, TX	—			269			1,436			—			—			269			1,436			1,705			327			1972		01/12		35
Killeen, TX	—			408			2,171			—			—			408			2,171			2,579			691			1986		01/12		25

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Austin, TX	—			1,071			3,412			—			—			1,071			3,412			4,483			1,075			1975		02/12		25
Gilbert, AZ	—			474			1,543			—			—			474			1,543			2,017			392			2003		05/12		30
Spring, TX	—			913			2,307			—			—			913			2,307			3,220			580			2006		06/12		30
Tomball, TX	—			414			1,281			—			—			414			1,281			1,695			276			2009		06/12		35
Edmond, OK	—			472			1,437			—			—			472			1,437			1,909			325			1964		03/13		30
Duluth, GA	—			855			2,791			—			—			853			2,791			3,644			322			1996		07/16		30
San Antonio, TX	—			717			2,768			—			—			717			2,768			3,485			383			1984		07/16		25
Naperville, IL	—			305			1,145			—			—			305			1,145			1,450			55			1993		10/18		25
Naperville, IL	—			211			1,163			—			—			211			1,163			1,374			70			1985		10/18		20
Schiller Park, IL	—			439			2,374			—			—			439			2,374			2,813			143			1970		10/18		20
Mansfield, TX	—			499			3,454			—			—			499			3,454			3,953			83			2018		01/19		40
Turnersville, NJ	—			936			3,988			—			—			936			3,988			4,924			127			1988		01/19		30
Rockford, IL	—			333			1,937			—			—			333			1,937			2,270			68			1998		02/19		25
Pembroke Pines, FL	—			1,637			3,480			—			—			1,637			3,480			5,117			69			2018		03/19		40
Altamonte Springs, FL	—			875			4,124			—			—			875			4,124			4,999			82			2019		03/19		40
Huntersville, NC	—			1,414			3,154			—			—			1,414			3,154			4,568			43			2019		06/19		40
Camping World:
Vacaville, CA	—			2,467			6,575			—			—			2,467			6,575			9,042			1,777			2008		07/10		35
North Little Rock, AR	—			1,198			3,348			5,596			—			1,789			8,363			10,152			1,310			2007		09/10	(m)	35
Strafford, MO	—			1,278			3,694			2,099			—			1,846			5,225			7,071			1,205			2007		09/10	(o)	35
Avondale, AZ	—			1,976			3,040			3,200			—			1,976			6,239			8,215			1,385			2009		05/11	(o)	35
Mesa, AZ	—			3,972			2,046			981			—			3,975			3,027			7,002			994			1983		05/11		25
Bowling Green, KY	—			584			2,481			—			—			584			2,481			3,065			600			2007		07/11		35
Council Bluffs, IA	—			2,013			2,806			2,187			—			2,955			4,048			7,003			792			2008		07/11	(o)	35
Roanoke, VA	—			2,046			5,050			2,590			—			3,563			6,122			9,685			1,319			2008		07/11		35
Golden, CO	—			5,516			—			8,175			—			6,446			7,246			13,692			1,332			2012		10/11	(m)	40
Kissimmee, FL	—			1,578			2,783			—			—			1,578			2,783			4,361			895			1979		12/11		25
La Mirada, CA	—			3,593			911			—			—			3,577			907			4,484			243			1996		12/11		30
Nashville, TN	—			1,155			1,034			5,665			—			3,626			4,235			7,861			916			1985		12/11	(o)	40
Valencia, CA	—			4,788			4,191			—			—			4,766			4,179			8,945			1,344			1980		12/11		25
Calera, AL	—			1,204			3,075			—			—			1,204			3,075			4,279			685			2008		03/12		35
Cocoa, FL	—			1,194			1,876			—			—			1,194			1,876			3,070			466			1981		07/12		30
Dover, FL	—			2,431			9,658			3,047			—			5,478			9,658			15,136			1,841			2013		01/13		35
Grain Valley, MO	—			1,210			2,908			3,441			—			2,533			5,026			7,559			738			2003		09/13	(o)	35
Lubbock, TX	—			775			3,998			—			—			775			3,998			4,773			838			1997		09/13		30
Olive Branch, MS	—			3,163			—			3,836			—			3,163			3,836			6,999			523			2014		11/13	(m)	40
Cedar Falls, IA	—			1,924			3,810			1,158			—			1,924			4,968			6,892			914			2004		03/14	(o)	30
Akron, OH	—			1,221			7,868			—			—			1,221			7,868			9,089			1,508			1991		03/15		25
Anniston, AL	—			3,206			5,328			1,264			—			3,206			6,594			9,800			1,017			2007		03/15	(o)	30
Richmond, IN	—			1,096			1,424			3,104			—			2,062			3,562			5,624			467			1998		03/15	(o)	35
Marion, NC	—			1,712			5,317			—			—			1,712			5,317			7,029			966			2003		06/15		25
Syracuse, NY	—			1,070			8,573			—			—			1,070			8,573			9,643			1,298			2001		06/15		30
Jackson, MS	—			1,690			4,241			—			—			1,690			4,241			5,931			464			2015		08/15		40
Davenport, IA	—			1,535			4,498			—			—			1,535			4,498			6,033			394			1992		05/17		30
Thornburg, VA	—			1,698			3,860			—			—			1,698			3,860			5,558			405			1989		05/17		25
Anderson, CA	—			763			2,450			—			—			763			2,450			3,213			85			2004		12/18		30
Apollo, PA	—			303			2,324			—			—			303			2,324			2,627			69			2015		12/18		35
Bartow, FL	—			1,005			4,573			—			—			1,005			4,573			5,578			159			2001		12/18		30
Dothan, AL	—			1,245			3,337			—			—			1,245			3,337			4,582			139			1991		12/18		25
Greenwood, IN	—			2,170			4,323			—			—			2,170			4,323			6,493			180			1990		12/18		25
Lubbock, TX	—			512			1,314			—			—			512			1,314			1,826			55			1985		12/18		25
Newport News, VA	—			2,697			4,342			—			—			2,697			4,342			7,039			151			2004		12/18		30
Oklahoma City, OK	—			635			4,378			—			—			635			4,378			5,013			152			2012		12/18		30
Alvarado, TX	—			688			11,899			—			—			688			11,899			12,587			333			2008		02/19		30
Pasco, WA	—			1,708			6,321			—			—			1,708			6,321			8,029			68			2017		08/19		35
Captain D's:
Tupelo, MS	—			360			517			—			—			360			517			877			84			1999		02/15		30
Ft. Worth, TX	—			254			563			—			—			254			563			817			135			1982		03/15		20
Kingsland, GA	—			570			—			844			—			570			844			1,414			83			2015		09/15	(m)	40
Dothan, AL	—			159			1,075			—			—			159			1,075			1,234			145			1985		12/15		30
Boiling Springs, SC	—			214			—			1,181			—			214			1,181			1,395			112			2003		02/16	(o)	40
Hermitage, TN	—			546			348			—			—			546			348			894			52			1976		04/16		25
Easley, SC	—			690			—			794			—			690			794			1,484			62			2016		06/16	(m)	40
Augusta, GA	—			573			869			—			—			573			869			1,442			112			1986		10/16		25
Augusta, GA	—			227			1,136			—			—			227			1,136			1,363			146			1993		10/16		25
Augusta, GA	—			296			1,274			—			—			296			1,274			1,570			117			2014		10/16		35
Augusta, GA	—			288			268			—			—			288			268			556			34			1985		10/16		25
Eastman, GA	—			228			693			—			—			228			693			921			89			1987		10/16		25
Fort Valley, GA	—			208			841			—			—			208			841			1,049			67			1987		10/16		40
Macon, GA	—			237			1,303			—			—			237			1,303			1,540			167			1982		10/16		25
Perry, GA	—			247			1,353			—			—			247			1,353			1,600			174			1972		10/16		25
Baton Rouge, LA	—			890			—			864			—			890			864			1,754			55			2017		12/16		40
Columbia, SC	—			252			756			—			—			252			756			1,008			89			1976		01/17		25
Canton, GA	—			456			753			—			—			456			753			1,209			84			1984		03/17		25
Milwaukee, WI	—			300			—			938			—			300			938			1,238			59			1977		03/17	(o)	30
Lugoff, SC	—			255			963			—			—			255			963			1,218			87			2003		04/17		30
North Augusta, SC	—			265			1,060			—			—			265			1,060			1,325			96			1993		04/17		30
Orangeburg, SC	—			343			1,588			—			—			343			1,588			1,931			172			1988		04/17		25
Sumter, SC	—			403			717			—			—			403			717			1,120			65			2006		04/17		30
Crestview, FL	—			383			874			—			—			383			874			1,257			83			1989		08/17		25
Milwaukee, WI (n)	—			347			—			914			—			347			914			1,261			5			2019		03/19	(m)	(k)
Moultrie, GA	—			99			1,104			—			—			99			1,104			1,203			26			1987		04/19		30
Thomasville, GA	—			246			1,064			—			—			246			1,064			1,310			30			1977		04/19		25
Dade City, FL	—			335			974			—			—			335			974			1,309			20			1983		05/19		30
Pell City, AL	—			181			682			—			—			181			682			863			3			1994		11/19		30
Cardenas Markets:
Palo Alto, CA	—			2,272			3,405			28			—			2,272			3,433			5,705			1,779			1998		12/98	(f)	40
Carl's Jr.:
Spokane, WA	—			471			530			—			—			471			530			1,001			239			1996		12/01		40
Tucson, AZ	—			681			536			103			—			681			639			1,320			639			1988		06/05		10
CarQuest:
Anaconda, MT	—			35			307			—			—			35			307			342			139			1965		12/10		20
Appleton, WI	—			85			438			—			—			85			438			523			132			1995		12/10		30
Baker, MT	—			12			140			—			—			12			140			152			63			1965		12/10		20
Bakersfield, CA	—			77			484			—			—			32			484			516			219			1945		12/10		20
Bay City, MI	—			41			282			—			—			41			282			323			102			1989		12/10		25
Billings, MT	—			31			188			—			—			31			188			219			68			1970		12/10		25
Bozeman, MT	—			28			257			—			—			25			257			282			116			1964		12/10		20
Burlington, NC (n)	—			47			229			—			—			47			229			276			69			1994		12/10		30
Cody, WY	—			146			253			—			—			96			253			349			76			1999		12/10		30
Colstrip, MT	—			39			275			—			—			39			275			314			99			1981		12/10		25
Cut Bank, MT	—			9			115			—			—			9			115			124			52			1937		12/10		20
Dillon, MT (n)	—			24			204			—			—			24			204			228			92			1973		12/10		20
Enterprise, AL	—			25			184			—			—			25			184			209			66			1988		12/10		25
Fairbanks, AK	—			292			545			—			—			292			545			837			141			2003		12/10		35
Glasgow, MT	—			48			275			—			—			48			275			323			124			1972		12/10		20
Great Falls, MT	—			17			173			—			—			17			173			190			78			1967		12/10		20
Hamilton, MT (n)	—			24			242			—			—			24			242			266			88			1991		12/10		25
Harlem, MT	—			17			116			—			—			17			116			133			42			1983		12/10		25
Helena, MT	—			31			282			—			—			31			282			313			102			1987		12/10		25
Kalispell, MT	—			59			645			—			—			59			645			704			194			1998		12/10		30
Lafayette, LA (n)	—			51			357			—			—			51			357			408			108			1996		12/10		30
Lewistown, MT	—			19			180			—			—			19			180			199			65			1964		12/10		25
Livingston, MT	—			34			261			—			—			34			261			295			118			1976		12/10		20
Lufkin, TX (n)	—			94			229			—			—			94			229			323			104			1986		12/10		20
Malta, MT	—			19			181			—			—			19			181			200			65			1976		12/10		25
Memphis, TN (n)	—			38			199			—			—			38			199			237			72			1987		12/10		25
Metamora, IL	—			69			292			—			—			69			292			361			88			1996		12/10		30
Nicholasville, KY (n)	—			54			241			—			—			54			241			295			87			1988		12/10		25
Oshkosh, WI	—			99			224			—			—			99			224			323			67			1999		12/10		30
Overland, MO	—			68			370			—			—			68			370			438			167			1961		12/10		20
Owosso, MI (n)	—			50			264			—			—			50			264			314			95			1986		12/10		25
Pearl, MS	—			43			195			—			—			43			195			238			59			1989		12/10		30
Powell, WY	—			37			182			—			—			37			182			219			66			1978		12/10		25
Riverton, WY	—			99			300			—			—			99			300			399			109			1978		12/10		25
Roundup, MT	—			23			205			—			—			23			205			228			93			1972		12/10		20
Sheboygan, WI (n)	—			77			370			—			—			77			370			447			95			2007		12/10		35
Shelby, MT	—			20			208			—			—			20			208			228			94			1976		12/10		20
Sidney, MT	—			42			395			—			—			42			395			437			179			1962		12/10		20
Spartanburg, SC	—			53			252			—			—			53			252			305			91			1972		12/10		25
Sulphur, LA (n)	—			31			216			—			—			31			216			247			98			1984		12/10		20
Wasilla, AK	—			227			504			—			—			227			504			731			130			2002		12/10		35
Whitefish, MT	—			30			227			—			—			30			227			257			68			1993		12/10		30
Williston, ND (n)	—			35			297			—			—			35			297			332			90			1999		12/10		30
Mt. Pleasant, MI (n)	—			85			207			—			—			85			207			292			74			1984		02/11		25
Billings, MT	—			66			291			—			—			66			291			357			98			1994		07/11		25
Spokane, WA	—			75			56			—			—			75			56			131			24			1955		07/11		20
Missoula, MT	—			99			367			—			—			99			367			466			149			1965		11/11		20
Sheridan, WY	—			198			385			—			—			198			385			583			157			1980		11/11		20
Sauk Centre, MN	—			64			85			—			—			64			85			149			28			1958		11/11		25
Watford City, ND	—			31			124			—			—			31			124			155			40			1974		11/11		25
Worland, WY (n)	—			48			193			—			—			48			193			241			74			1949		04/12		20
Anchorage, AK	—			315			92			—			—			315			92			407			35			1971		06/12		20
Havre, MT	—			29			305			—			—			29			305			334			115			1964		06/12		20
San Antonio, TX	—			137			361			—			—			137			361			498			120			1980		05/13		20
San Antonio, TX	—			87			719			—			—			87			719			806			190			1973		05/13		25
Jackson, MS	—			253			—			604			—			253			604			857			91			2013		06/13	(m)	40
Carrabba's:
Canton, MI	—			685			1,687			—			—			685			1,687			2,372			438			2002		03/12		30
Dallas, TX	—			672			1,078			—			—			672			1,078			1,750			280			2000		03/12		30
Gainesville, FL	—			922			1,944			—			—			922			1,944			2,866			505			2001		03/12		30
Jacksonville, FL	—			1,140			1,428			—			—			1,140			1,428			2,568			371			2001		03/12		30
Mason, OH	—			653			2,267			—			—			653			2,267			2,920			589			2000		03/12		30
Maumee, OH	—			525			2,684			—			—			525			2,684			3,209			697			2002		03/12		30
Mobile, AL	—			633			1,909			—			—			633			1,909			2,542			496			2001		03/12		30
Pensacola, FL	—			734			1,854			—			—			734			1,854			2,588			413			2003		03/12		35
Waldorf, MD	—			1,473			2,199			—			—			1,473			2,199			3,672			490			2007		03/12		35
Carvana:
Austin, TX	—			1,045			1,969			—			—			1,045			1,969			3,014			133			2017		04/17		40
Carvers:
Centerville, OH	—			851			1,059			—			—			851			1,059			1,910			478			1986		12/01		40

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Cascadia Vehicle Tents:
Bend, OR	—			125			245			—			—			125			245			370			148			1935		12/10		15
Cell Pro:
Ridgeland, MS	—			436			523			147			—			436			670			1,106			258			1997		12/05		40
Chair King:
Grapevine, TX	—			1,018			2,067			377			—			1,018			2,444			3,462			1,199			1998		06/98		40
Champps:
Irving, TX	—			1,760			1,724			—			—			1,760			1,724			3,484			778			2000		12/01		40
Charleston Auto Auction:
Moncks Corner, SC	—			1,628			5,911			471			—			1,628			6,383			8,011			895			2000		09/15	(o)	30
Cheddar's Cafe:
Baytown, TX	—			858			2,251			—			—			858			2,251			3,109			509			2010		12/10		40
West Monroe, LA	—			907			2,301			—			—			907			2,301			3,208			515			2010		01/11		40
Selma, TX	—			1,446			—			2,439			—			1,446			2,439			3,885			506			2011		03/11	(m)	40
Jonesboro, AR	—			1,206			—			2,459			—			1,206			2,459			3,665			499			2011		05/11	(m)	40
Hattiesburg, MS (n)	—			1,203			—			—			—			1,196			(i)			1,196			(i)			(i)		11/11		(i)
Pleasant Prairie, WI	—			1,310			—			2,779			—			1,310			2,779			4,089			431			2013		04/13	(m)	40
Liberty, MO	—			1,313			—			3,140			—			1,313			3,140			4,453			468			2014		07/13	(m)	40
Alcoa, TN	—			1,537			3,003			—			—			1,537			3,003			4,540			218			2010		06/17		35
Asheville, NC	—			1,540			2,785			—			—			1,540			2,785			4,325			236			2006		06/17		30
Charlotte, NC	—			1,326			2,795			—			—			1,326			2,795			4,121			237			2004		06/17		30
Cordova, TN	—			1,869			2,411			—			—			1,869			2,411			4,280			175			2013		06/17		35
Knoxville, TN	—			1,444			3,086			—			—			1,444			3,086			4,530			224			2011		06/17		35
Morgantown, WV	—			1,530			2,966			—			—			1,530			2,966			4,496			215			2011		06/17		35
Triadelphia, WV	—			1,200			3,449			—			—			1,200			3,449			4,649			250			2008		06/17		35
Chili's:
Camden, SC	—			627			1,888			—			—			627			1,888			2,515			674			2005		09/05		40
Milledgeville, GA	—			516			1,997			—			—			516			1,997			2,513			713			2005		09/05		40

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Albany, GA	—			615			—			1,984			—			615			1,984			2,599			606			2007		06/07	(m)	40
Statesboro, GA	—			703			—			1,888			—			703			1,888			2,591			572			2007		06/07	(m)	40
Florence, SC	—			889			1,715			—			—			889			1,715			2,604			538			2007		06/07		40
Valdosta, GA	—			716			—			1,871			—			716			1,871			2,587			563			2007		07/07	(m)	40
Tifton, GA	—			454			1,550			—			—			454			1,550			2,004			434			2008		06/08		40
Evans, GA	—			700			—			1,511			—			685			1,511			2,196			411			2009		10/08	(m)	40
Jefferson City, MO	—			305			898			—			—			305			898			1,203			258			2003		12/09		35
Merriam, KS	—			853			981			—			—			853			981			1,834			328			1998		12/09		30
Wichita, KS	—			420			623			—			—			420			623			1,043			209			1995		12/09		30
Hutchinson, KS	—			456			1,794			—			—			456			1,794			2,250			411			2004		02/13		30
Lexington, SC	—			630			1,620			—			—			630			1,620			2,250			318			2008		02/13		35
China 1:
Cohoes, NY	—			16			87			6			—			16			93			109			39			1994		09/04		40
China Garden:
Tucson, AZ	—			827			305			142			—			845			429			1,274			172			1974		12/01		40
Chipotle:
Florissant, MO	—			50			59			170			—			50			228			278			86			2013		04/03	(g)	40
Chuck E. Cheese's:
Mobile, AL	—			340			951			—			—			340			951			1,291			387			1981		11/11		20
Antioch, TN	—			459			1,738			—			—			459			1,738			2,197			632			1982		07/14		15
Huntsville, AL	—			382			1,182			—			—			382			1,182			1,564			322			1960		07/14		20
Saginaw, MI	—			489			1,203			—			—			489			1,203			1,692			328			1981		07/14		20
Albuquerque, NM	—			794			2,126			—			—			794			2,126			2,920			326			2003		08/14		35
Alexandria, LA	—			872			3,291			—			—			872			3,291			4,163			707			1983		08/14		25
Alpharetta, GA	—			2,027			1,743			—			—			2,027			1,743			3,770			312			2001		08/14		30
Atlanta, GA	—			1,313			1,656			—			—			1,313			1,656			2,969			356			1982		08/14		25
Austin, TX	—			852			4,024			—			—			852			4,024			4,876			721			2001		08/14		30
Batavia, IL	—			1,214			2,664			—			—			1,214			2,664			3,878			477			1999		08/14		30
Birmingham, AL	—			627			3,662			—			—			627			3,662			4,289			787			1982		08/14		25
Columbia, SC	—			509			2,655			—			—			509			2,655			3,164			476			1983		08/14		30

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Conroe, TX	—			793			3,388			—			—			793			3,388			4,181			607			2001		08/14		30
Cordova, TN	—			1,195			3,055			—			—			1,195			3,055			4,250			547			2002		08/14		30
Denton, TX	—			833			1,245			—			—			833			1,245			2,078			191			2003		08/14		35
El Centro, CA	—			470			2,811			—			—			470			2,811			3,281			432			2005		08/14		35
Englewood, CO	—			911			3,056			—			—			911			3,056			3,967			547			1970		08/14		30
Foothill Ranch, CA	—			1,088			1,391			—			—			1,088			1,391			2,479			249			2003		08/14		30
Ft. Wayne, IN	—			686			3,232			—			—			686			3,232			3,918			579			1985		08/14		30
Garland, TX	—			1,224			2,302			—			—			1,224			2,302			3,526			353			2006		08/14		35
Grand Prairie, TX	—			1,380			4,983			—			—			1,380			4,983			6,363			893			2001		08/14		30
Grapevine, TX	—			1,303			2,135			—			—			1,303			2,135			3,438			383			2002		08/14		30
Greenville, SC	—			764			3,554			—			—			764			3,554			4,318			764			1983		08/14		25
Hickory, NC	—			647			1,686			—			—			647			1,686			2,333			259			2002		08/14		35
Horn Lake, MS	—			960			3,388			—			—			835			3,388			4,223			520			2002		08/14		35
Jacksonville, FL	—			1,038			4,220			—			—			1,038			4,220			5,258			907			1981		08/14		25
Katy, TX	—			960			4,171			—			—			960			4,171			5,131			747			2002		08/14		30
Kennesaw, GA	—			1,332			3,818			—			—			1,332			3,818			5,150			684			1999		08/14		30
Killeen, TX	—			832			4,876			—			—			832			4,876			5,708			749			2004		08/14		35
Lake Charles, LA	—			853			1,539			—			—			853			1,539			2,392			276			2001		08/14		30
Littleton, CO	—			1,234			4,288			—			—			1,234			4,288			5,522			768			1994		08/14		30
Longview, TX	—			314			1,931			—			—			314			1,931			2,245			297			2004		08/14		35
Madison, WI	—			999			1,989			—			—			999			1,989			2,988			428			1982		08/14		25
Miamisburg, OH	—			607			4,416			—			—			607			4,416			5,023			949			1986		08/14		25
Midland, TX	—			588			2,537			—			—			588			2,537			3,125			455			2000		08/14		30
N. Richland Hills, TX	—			588			4,064			—			—			588			4,064			4,652			874			1982		08/14		25
Norcross, GA	—			1,077			2,703			—			—			1,077			2,703			3,780			581			1982		08/14		25
North Charleston, SC	—			1,449			3,319			—			—			1,449			3,319			4,768			595			2003		08/14		30
Oklahoma City, OK	—			499			3,203			—			—			499			3,203			3,702			689			1982		08/14		25
Olathe, KS	—			843			736			—			—			794			736			1,530			132			2002		08/14		30
Racine, WI	—			765			834			—			—			765			834			1,599			149			2000		08/14		30
Roanoke, VA	—			617			4,787			—			—			617			4,787			5,404			1,029			1983		08/14		25
San Antonio, TX	—			1,371			2,703			—			—			1,371			2,703			4,074			484			2001		08/14		30
San Antonio, TX	—			793			4,670			—			—			793			4,670			5,463			1,004			1990		08/14		25
Savannah, GA	—			1,469			2,634			—			—			1,469			2,634			4,103			566			1982		08/14		25
Sharonville, OH	—			696			1,597			—			—			696			1,597			2,293			343			1982		08/14		25

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Sterling Heights, MI	—			725			2,322			—			—			725			2,322			3,047			416			1994		08/14		30
Sugarland, TX	—			1,107			3,134			—			—			1,107			3,134			4,241			561			2002		08/14		30
Topeka, KS	—			373			619			—			—			373			619			992			111			1990		08/14		30
Virginia Beach, VA	—			1,018			3,848			—			—			1,018			3,848			4,866			827			1984		08/14		25
Wichita Falls, TX	—			323			3,105			—			—			323			3,105			3,428			668			1982		08/14		25
Wichita, KS	—			862			2,850			—			—			862			2,850			3,712			511			1991		08/14		30
Yuma, AZ	—			471			668			—			—			471			668			1,139			103			2004		08/14		35
Chuy's:
Cincinnati, OH	—			1,165			1,322			—			—			1,165			1,322			2,487			281			1996		05/13		30
Cinemark:
Draper, UT	—			1,523			—			4,487			—			1,523			4,487			6,010			968			2011		08/10	(m)	40
Fort Worth, TX	—			2,140			—			7,660			—			2,140			7,660			9,800			1,444			2012		08/11	(o)	40
Cincinnati, OH	—			1,334			—			10,206			—			1,334			10,206			11,540			1,627			2013		09/12	(m)	40
McCandless, PA	—			3,094			—			6,389			—			3,094			6,389			9,483			845			2014		09/13	(m)	40
Marina, CA	—			15			—			5,614			—			15			5,614			5,629			591			2015		08/14	(m)	40
Altoona, IA	—			1,161			—			9,923			—			1,161			9,923			11,084			961			2016		01/15	(m)	40
Abilene, TX	—			1,965			8,235			—			—			1,965			8,235			10,200			489			2017		08/17		40
City Barbeque:
Charlotte, NC	—			576			—			1,594			—			576			1,594			2,170			117			2017		07/16	(m)	40
Claim Jumper:
Roseville, CA	—			1,557			2,014			—			—			1,557			2,014			3,571			908			2000		12/01		40
Tempe, AZ	—			2,531			2,921			—			—			2,531			2,921			5,452			1,317			2000		12/01		40
Clairton Mini Mart:
Clairton, PA	—			215			701			—			—			215			701			916			391			1986		01/06		25
Closson's 3D Truck & Auto:
Benton Harbor, MI	—			207			160			—			—			207			160			367			71			1978		02/11		20

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Cobb Theatre:
Tallahassee, FL	—			1,267			—			18,776			—			1,267			18,776			20,043			685			2018		06/17	(m)	40
Continental Rental:
Lapeer, MI	—			88			633			—			—			88			603			691			190			2007		10/05		40
Cool Crest:
Independence, MO	—			1,838			1,534			75			—			1,838			1,609			3,447			500			1988		05/07		40
Cooper's Hawk:
New Lenox, IL	—			1,328			—			5,389			—			1,328			5,389			6,717			163			2018		07/18	(o)	40
Centerville, OH	—			2,523			—			5,120			—			2,523			5,120			7,643			48			2019		02/19	(m)	(k)
CORA Rehabilitation Clinics:
Orlando, FL	—			80			221			—			—			80			221			301			89			2001		02/04		40
Crest Furniture:
Iselin, NJ	—			3,750			5,983			—			—			3,750			5,983			9,733			2,536			1994		01/03		40
CrossAmerica:
Antioch, IL	—			261			2,244			—			—			261			2,244			2,505			273			1988		12/16		25
Fox Lake, IL	—			252			1,184			—			—			252			1,184			1,436			120			1997		12/16		30
Grayslake, IL	—			194			924			—			—			194			924			1,118			112			1988		12/16		25
Joliet, IL	—			87			1,418			—			—			87			1,418			1,505			144			2005		12/16		30
Lincolnshire, IL	—			350			1,146			—			—			350			1,146			1,496			174			1984		12/16		20
Loves Park, IL	—			107			829			—			—			107			829			936			84			2000		12/16		30
Markham, IL	—			145			1,483			—			—			145			1,483			1,628			150			2007		12/16		30
Matteson, IL	—			475			1,202			—			—			475			1,202			1,677			122			2001		12/16		30
Orland Park, IL	—			204			1,290			—			—			204			1,290			1,494			157			1992		12/16		25
Richton Park, IL	—			126			1,021			—			—			126			1,021			1,147			78			2005		12/16		40
Rockford, IL	—			97			1,205			—			—			97			1,205			1,302			122			2002		12/16		30
Rockford, IL	—			136			1,167			—			—			136			1,167			1,303			178			1968		12/16		20
Rockford, IL	—			263			742			—			—			263			742			1,005			75			1997		12/16		30
Spring Grove, IL	—			233			1,068			—			—			233			1,068			1,301			162			1987		12/16		20

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Wadsworth, IL	—			398			835			—			—			398			835			1,233			85			1997		12/16		30
Wauconda, IL	—			338			2,629			—			—			338			2,629			2,967			320			1991		12/16		25
CSL Plasma:
Homestead, PA	—			384			—			2,240			—			465			2,240			2,705			35			2019		02/97		(k)
Warner Robins, GA	—			707			—			1,227			—			707			1,227			1,934			643			1999		03/98	(g)	40
CVS:
Lafayette, LA	—			968			949			—			—			968			565			1,533			39			1995		01/96		25
Midwest City, OK	—			673			1,103			—			—			673			1,103			1,776			657			1996		03/96		40
Pantego, TX	—			1,016			1,449			—			—			1,016			1,449			2,465			817			1996		06/97		40
Leavenworth, KS	—			726			—			1,331			—			726			1,331			2,057			717			1998		11/97	(g)	40
Lewisville, TX	—			789			—			1,335			—			789			1,335			2,124			711			1998		04/98	(g)	40
Forest Hill, TX	—			692			—			1,175			—			692			1,175			1,867			628			1998		04/98	(g)	40
Garland, TX	—			1,477			—			1,400			—			1,455			1,400			2,855			740			1998		06/98	(g)	40
Oklahoma City, OK	—			1,581			—			1,471			—			1,581			1,471			3,052			771			1999		08/98	(g)	40
Dallas, TX	—			2,618			—			2,571			—			2,618			2,571			5,189			1,042			2003		06/99	(g)	40
Gladstone, MO	—			1,851			—			1,740			—			1,851			1,740			3,591			843			2000		12/99	(g)	40
Dairy Queen:
Lubbock, TX	—			313			450			—			—			313			450			763			146			1981		02/15		15
Dave & Buster's:
Hilliard, OH	—			934			4,689			—			—			934			4,689			5,623			1,539			1998		11/06		40
Tulsa, OK	—			1,862			—			2,105			—			1,862			2,105			3,967			577			2009		04/08	(m)	40
Wauwatosa, WI	—			5,694			—			5,638			—			5,694			5,638			11,332			1,380			2010		12/08	(m)	40
Orlando, FL	—			8,114			—			4,224			—			8,114			4,224			12,338			893			2011		06/10	(m)	40
Oklahoma City, OK	—			3,156			—			4,870			—			3,156			4,870			8,026			969			2012		02/11	(m)	40
Dallas, TX	—			5,052			—			8,808			—			5,052			8,808			13,860			1,551			2012		03/12	(m)	40
Livonia, MI	—			2,116			—			7,758			—			2,116			7,758			9,874			1,172			2013		04/13	(m)	40
Euless, TX	—			2,592			—			7,563			—			2,592			7,563			10,155			874			2015		08/14	(m)	40
Little Rock, AR	—			2,310			5,805			—			—			2,310			5,805			8,115			491			2016		01/17		35
Florence, KY	—			4,700			7,617			—			—			4,700			7,617			12,317			644			2016		01/17		35
Tampa, FL	—			3,354			8,361			—			—			3,354			8,361			11,715			235			2017		11/18		40

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
DaVita Dialysis:
Columbus, OH	—			527			1,426			—			—			527			1,426			1,953			259			2000		07/14		30
Deg Deg Halal & Deli:
Eden Prairie, MN	—			65			181			81			—			65			261			326			116			1997		12/01		40
Del Frisco's:
Fort Worth, TX	—			351			5,874			—			—			351			5,874			6,225			2,631			1890		01/11		20
Greenwood Village, CO	—			1,863			5,649			—			—			1,863			5,649			7,512			2,531			1979		01/11		20
Denny's:
Clifton, CO	—			245			732			375			—			245			1,107			1,352			432			1998		12/01		40
Alexandria, VA	—			604			196			—			—			604			196			800			130			1981		09/06		20
Amarillo, TX	—			590			632			—			—			590			632			1,222			420			1982		09/06		20
Arlington Heights, IL	—			470			228			—			—			470			228			698			151			1977		09/06		20
Boardman Township, OH	—			497			258			—			—			497			258			755			171			1977		09/06		20
Campbell, CA	—			460			238			—			—			460			238			698			158			1976		09/06		20
Carson, CA	—			1,246			157			—			—			1,246			157			1,403			105			1975		09/06		20
Chehalis, WA	—			415			287			—			—			415			287			702			191			1977		09/06		20
Chubbock, ID	—			350			394			—			—			344			394			738			262			1983		09/06		20
Clackamas, OR	—			468			407			—			—			468			407			875			271			1993		09/06		20
Collinsville, IL	—			676			283			—			—			676			283			959			188			1979		09/06		20
Corpus Christi, TX	—			345			776			300			—			345			1,076			1,421			698			1980		09/06		20
Dallas, TX	—			497			150			—			—			451			140			591			93			1979		09/06		20
Enfield, CT	—			684			229			—			—			684			229			913			152			1976		09/06		20
Fairfax, VA	—			768			683			—			—			768			683			1,451			454			1979		09/06		20
Federal Way, WA	—			543			193			—			—			543			193			736			128			1977		09/06		20
Florissant, MO	—			443			238			—			—			443			238			681			158			1977		09/06		20
Hermitage, PA	—			321			420			—			—			321			420			741			279			1980		09/06		20
Houston, TX	—			504			348			—			—			504			348			852			231			1976		09/06		20
Indianapolis, IN	—			310			590			—			—			310			590			900			392			1981		09/06		20
Indianapolis, IN	—			326			511			—			—			326			511			837			340			1978		09/06		20
Indianapolis, IN	—			358			767			—			—			358			767			1,125			509			1978		09/06		20
Indianapolis, IN	—			231			511			—			—			231			511			742			340			1974		09/06		20

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Kernersville, NC	—			407			557			—			—			407			557			964			370			2000		09/06		20
Lafayette, IN	—			424			773			—			—			416			773			1,189			514			1978		09/06		20
Laurel, MD	—			528			379			—			—			528			379			907			252			1976		09/06		20
Little Rock, AR	—			703			180			—			—			703			180			883			119			1979		09/06		20
Maplewood, MN	—			630			271			—			—			630			271			901			180			1983		09/06		20
N. Miami, FL	—			855			151			—			—			855			151			1,006			100			1977		09/06		20
Nampa, ID	—			357			729			—			—			357			729			1,086			485			1979		09/06		20
Omaha, NE	—			496			314			—			—			496			314			810			209			1994		09/06		20
Provo, UT	—			519			216			—			—			513			216			729			144			1978		09/06		20
Raleigh, NC	—			1,094			482			—			—			1,094			482			1,576			321			1984		09/06		20
Sugarland, TX	—			315			334			—			—			293			334			627			222			1997		09/06		20
Tucson, AZ	—			922			290			—			—			922			290			1,212			193			1979		09/06		20
Wethersfield, CT	—			884			176			—			—			884			176			1,060			117			1978		09/06		20
Worcester, MA	—			383			493			—			—			383			493			876			327			1978		09/06		20
Boise, ID	—			514			477			—			—			514			477			991			311			1983		12/06		20
St. Louis, MO	—			635			303			—			—			635			303			938			196			1980		01/07		20
Virginia Gardens, FL	—			793			133			—			—			793			133			926			86			1977		01/07		20
Akron, OH	—			308			1,062			—			—			308			1,062			1,370			232			1992		06/13		30
Moab, UT	—			395			1,432			—			—			395			1,432			1,827			233			2000		02/15		30
Ft Walton Beach, FL	—			274			531			—			—			274			531			805			58			1973		01/17		25
Dickey's Barbeque Pit:
Medina, OH	—			405			464			104			—			370			568			938			236			1996		12/01		40
Dick's Sporting Goods:
Taylor, MI	—			1,920			3,527			—			—			1,920			3,527			5,447			2,054			1996		08/96		40
White Marsh, MD	—			2,681			3,917			—			—			2,681			3,917			6,598			2,281			1996		08/96		40
Dirt Cheap:
Nacogdoches, TX	—			397			1,257			269			—			400			1,524			1,924			695			1997		11/98		40
Doctors of Physical Therapy:
Lapeer, MI	—			63			457			80			—			63			516			579			139			2007		10/05		40

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Dollar General:
San Antonio, TX	—			441			784			—			—			441			196			637			39			1993		12/93		30
Memphis, TN	—			266			1,136			46			—			266			1,182			1,448			599			1998		12/97		40
High Springs, FL	—			409			—			1,072			—			432			1,072			1,504			245			2010		07/10	(m)	40
Inverness, FL	—			459			—			1,046			—			471			1,046			1,517			234			2011		08/10	(m)	40
Cocoa, FL	—			385			—			935			—			406			935			1,341			213			2010		08/10	(m)	40
Palm Bay, FL	—			355			—			1,011			—			365			1,011			1,376			228			2010		08/10	(m)	40
Deland, FL	—			585			—			958			—			585			958			1,543			212			2010		11/10	(m)	40
Seffner, FL	—			673			—			1,223			—			446			803			1,249			175			2011		12/10	(m)	40
Hernando, FL	—			372			—			970			—			372			970			1,342			211			2011		01/11	(m)	40
Titusville, FL	—			512			—			1,002			—			512			1,002			1,514			210			2011		04/11	(m)	40
Disputanta, VA	—			170			—			720			—			170			720			890			149			2011		09/11	(o)	40
Lumberton, NC	—			115			—			902			—			115			902			1,017			179			2012		10/11	(m)	40
Newport News, VA	—			363			—			967			—			363			967			1,330			196			2011		10/11	(m)	40
Cumberland, VA	—			317			—			1,147			—			317			1,147			1,464			223			2012		12/11	(m)	40
Aberdeen, NC	—			156			—			821			—			156			821			977			158			2012		01/12	(m)	40
Richmond, VA	—			144			—			863			—			144			863			1,007			161			2012		02/12	(m)	40
Danville, VA	—			155			—			864			—			155			864			1,019			165			2012		03/12	(m)	40
Cascade, VA	—			139			—			806			—			139			806			945			152			2012		03/12	(m)	40
Sanford, NC	—			147			—			834			—			147			834			981			154			2012		04/12	(m)	40
Leland, NC	—			245			—			892			—			245			892			1,137			161			2012		06/12	(m)	40
Sanford, NC	—			206			—			829			—			206			829			1,035			149			2012		07/12	(m)	40
Richmond, VA	—			305			—			902			—			305			902			1,207			161			2012		08/12	(m)	40
Martinsville, VA	—			165			—			831			—			165			831			996			146			2012		09/12	(m)	40
Yerington, NV	—			313			—			1,170			—			313			1,170			1,483			204			2013		09/12	(m)	40
Hawthorne, NV	—			210			1,069			—			—			210			1,069			1,279			188			2012		12/12		40
Norfolk, VA	—			455			—			929			—			455			929			1,384			152			2013		03/13	(m)	40
Suffolk, VA	—			186			—			958			—			186			958			1,144			157			2013		03/13	(m)	40
Suffolk, VA	—			128			—			1,010			—			128			1,010			1,138			161			2013		04/13	(m)	40
Irving, NY	—			210			—			961			—			210			961			1,171			149			2013		06/13	(m)	40
Oakfield, NY	—			257			—			1,108			—			271			1,108			1,379			158			2014		10/13	(m)	40
Holland, NY	—			176			—			1,103			—			176			1,103			1,279			151			2014		12/13	(m)	40
Jeffersonville, IN	—			115			960			—			—			115			960			1,075			161			2010		02/14		35
LaFayette, LA	—			157			378			23			—			180			378			558			85			2002		07/14		25

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Youngsville, LA	—			98			370			34			—			98			404			502			83			2002		07/14		25
Daytona Beach Shores, FL	—			459			1,282			—			—			459			1,282			1,741			87			2011		12/17		30
Dollar Tree:
Garland, TX	—			239			626			—			—			239			626			865			290			1994		02/94		40
Homestead, PA	—			256			—			1,964			—			310			1,910			2,220			185			2016		02/97	(g)	40
Marietta, GA	—			525			—			787			—			524			787			1,311			128			1997		12/14	(o)	30
Don Tello's Tex-Mex Grill:
Lithonia, GA	—			923			1,276			48			—			923			1,324			2,247			405			2002		06/07		40
Driscoll Children's Hospital:
Corpus Christi, TX	—			630			3,131			—			—			630			3,131			3,761			1,628			1982		03/99		40
El Jalapeno:
Indianapolis, IN	—			223			483			79			—			223			562			785			362			1979		09/06		20
Empire Buffet:
Las Cruces, NM	—			947			—			2,390			—			947			2,390			3,337			760			2006		01/06	(m)	40
Express Mart:
Thomasville, NC	—			140			228			—			—			140			228			368			62			1962		07/14		20
Express Oil Change:
Birmingham, AL	—			470			695			—			—			470			695			1,165			205			2008		02/08	(f)	40
Florence, AL	—			110			381			—			—			110			381			491			151			1987		02/08		30
Helena, AL	—			363			628			—			—			363			628			991			186			1998		02/08		40
Muscle Shoals, AL	—			168			624			—			—			168			624			792			247			1985		02/08		30
Opelika, AL	—			547			680			—			—			547			680			1,227			202			2006		02/08		40
Cordova, TN	—			639			785			—			—			639			785			1,424			217			2000		12/08		40
Horn Lake, MS	—			326			611			—			—			326			611			937			193			1998		12/08		35
Lakeland, TN	—			186			489			—			—			186			489			675			135			2000		12/08		40
Memphis, TN	—			402			721			—			—			402			721			1,123			199			2001		12/08		40

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Houston, TX	—			651			—			648			—			517			648			1,165			121			2012		02/12	(m)	40
Katy, TX	—			539			—			830			—			539			829			1,368			146			2012		07/12	(m)	40
Chattanooga, TN	—			239			1,214			—			—			239			1,214			1,453			292			1998		10/12		30
Chattanooga, TN	—			238			1,756			—			—			238			1,756			1,994			422			1998		10/12		30
Chattanooga, TN	—			224			173			—			—			224			173			397			42			2001		10/12		30
Cleveland, TN	—			318			1,064			—			—			318			1,064			1,382			219			2004		10/12		35
Fort Oglethorpe, GA	—			241			331			—			—			241			331			572			68			2003		10/12		35
Marietta, GA	—			618			30			—			—			618			30			648			7			1988		12/12		30
Smyrna, GA	—			295			1,092			—			—			295			1,092			1,387			308			1984		12/12		25
Cypress, TX	—			550			—			983			—			550			983			1,533			120			2014		05/14	(m)	40
Boaz, AL	—			205			368			—			—			205			368			573			72			1995		01/15		25
Gadsden, AL	—			116			690			—			—			116			690			806			113			1999		01/15		30
Rainbow City, AL	—			164			653			—			—			164			653			817			129			1992		01/15		25
Seffner, FL	—			155			593			—			—			155			593			748			82			2008		02/15		35
Fayetteville, TN	—			117			860			—			—			117			860			977			135			1998		04/15		30
Huntsville, AL	—			214			710			—			—			214			710			924			134			1995		04/15		25
Huntsville, AL	—			292			526			—			—			292			526			818			83			1995		04/15		30
Madison, AL	—			319			1,006			—			—			319			1,006			1,325			158			1992		04/15		30
Houston, TX	—			576			—			1,120			—			576			1,120			1,696			87			2016		04/16	(m)	40
Tampa, FL	—			718			—			942			—			718			942			1,660			72			2016		06/16	(m)	40
West Point, MS	—			335			—			1,130			—			335			1,130			1,465			76			2017		10/16	(m)	40
Tupelo, MS	—			381			1,641			—			—			381			1,641			2,022			131			2013		03/17		35
Tupelo, MS	—			607			—			1,158			—			607			1,158			1,765			59			2017		03/17	(m)	40
Canton, GA	—			741			—			1,240			—			741			1,240			1,981			53			2018		10/17	(m)	40
Jasper, AL	—			186			879			—			—			186			879			1,065			65			2000		10/17		30
Hurst, TX	—			331			1,397			—			—			331			1,397			1,728			62			2013		06/18		35
Hampton Cove, AL	—			628			—			1,326			—			628			1,326			1,954			21			2019		09/18	(m)	40
Dyer, IN	—			618			803			—			—			618			803			1,421			28			2013		10/18		35
Hendersonville, TN	—			916			1,656			—			—			916			1,656			2,572			53			2017		11/18		35
Nashville, TN	—			833			1,898			—			—			833			1,898			2,731			61			2014		11/18		35
Spring Hill, TN	—			536			2,570			—			—			536			2,570			3,106			83			2013		11/18		35
Murfreesboro, TN	—			417			2,157			—			—			417			2,157			2,574			81			2004		11/18		30
Murfreesboro, TN	—			407			2,552			—			—			407			2,552			2,959			115			2001		11/18		25
Murfreesboro, TN	—			667			1,594			—			—			667			1,594			2,261			51			2013		11/18		35
Concord, NC	—			570			1,626			—			—			570			1,626			2,196			45			2018		01/19		35
Lafayette, LA	—			364			1,169			—			—			364			1,169			1,533			24			2010		05/19		30
Lafayette, LA	—			230			845			—			—			230			845			1,075			18			1996		05/19		30
Taylors, SC	—			581			—			1,283			—			581			1,283			1,864			1			2019		06/19	(m)	(k)
Richmond Hill, GA	—			792			—			—			—			792			(e)			792			(e)			(e)		11/19	(m)	(e)
Magnolia, TX	—			1,022			—			—			—			1,022			(e)			1,022			(e)			(e)		11/19	(m)	(e)
Gallatin, TN	—			808			1,663			—			—			808			1,663			2,471			5			2019		11/19		40
Allen, TX	—			575			1,781			—			—			575			1,781			2,356			2			2016		12/19		35
Gilbert, AZ	—			602			1,872			—			—			602			1,872			2,474			2			2018		12/19		40
Peoria, AZ	—			405			1,929			—			—			405			1,929			2,334			2			2015		12/19		40
Tempe, AZ	—			903			1,374			—			—			903			1,374			2,277			2			2014		12/19		35
Express Wash & Go:
Cohoes, NY	—			27			145			174			—			27			318			345			76			1994		09/04		40
E-Z Mart:
Andrews, TX	—			140			2,623			—			—			140			2,623			2,763			128			2014		04/18		35
Arlington, TX	—			196			1,187			—			—			196			1,187			1,383			81			1982		04/18		25
Ashdown, AR	—			112			2,996			—			—			112			2,996			3,108			146			2015		04/18		35
Broken Arrow, OK	—			93			1,635			—			—			93			1,635			1,728			93			2012		04/18		30
Broken Bow, OK	—			93			2,325			—			—			93			2,325			2,418			159			1964		04/18		25
Broken Bow, OK	—			103			2,315			—			—			103			2,315			2,418			132			1994		04/18		30
Cleburne, TX	—			65			1,663			—			—			65			1,663			1,728			114			1984		04/18		25
Davis, OK	—			37			1,691			—			—			37			1,691			1,728			116			1981		04/18		25
Durant, OK	—			215			1,858			—			—			215			1,858			2,073			106			2000		04/18		30
Durant, OK	—			131			1,598			—			—			131			1,598			1,729			78			2014		04/18		35
Edmond, OK	—			140			898			—			—			140			898			1,038			61			1973		04/18		25
Fayetteville, AR	—			84			1,299			—			—			84			1,299			1,383			89			1979		04/18		25
Foreman, AR	—			65			2,697			—			—			65			2,697			2,762			132			2015		04/18		35
Gladewater, TX	—			28			1,700			—			—			28			1,700			1,728			116			1973		04/18		25
Harrah, OK	—			131			1,598			—			—			131			1,598			1,729			109			1986		04/18		25
Hartshorne, OK	—			28			1,356			—			—			28			1,356			1,384			77			1998		04/18		30
Hot Springs, AR	—			38			656			—			—			38			656			694			45			1977		04/18		25
Hot Springs, AR	—			449			935			—			—			449			935			1,384			53			1989		04/18		30
Hot Springs, AR	—			823			561			—			—			823			561			1,384			32			2012		04/18		30
Hugo, OK	—			28			1,356			—			—			28			1,356			1,384			93			1985		04/18		25
Idabel, OK	—			93			1,635			—			—			93			1,635			1,728			93			1998		04/18		30
Kilgore, TX	—			327			3,126			—			—			327			3,126			3,453			153			2013		04/18		35
Little Rock, AR	—			356			683			—			—			356			683			1,039			47			1980		04/18		25
Little Rock, AR	—			253			786			—			—			253			786			1,039			54			1981		04/18		25
Longview, TX	—			75			1,309			—			—			75			1,309			1,384			89			1983		04/18		25
Longview, TX	—			112			1,616			—			—			112			1,616			1,728			110			1982		04/18		25
Lubbock, TX	—			150			544			—			—			150			544			694			37			1974		04/18		25
McAlester, OK	—			290			1,094			—			—			290			1,094			1,384			75			1980		04/18		25
Mineral Wells, TX	—			103			1,626			—			—			103			1,626			1,729			93			1999		04/18		30
Monticello, AR	—			215			1,858			—			—			215			1,858			2,073			106			1990		04/18		30
Mountain Home, AR	—			84			955			—			—			84			955			1,039			65			1982		04/18		25
Mountain Home, AR	—			47			992			—			—			47			992			1,039			68			1983		04/18		25
Nash, TX	—			84			1,989			—			—			84			1,989			2,073			113			1994		04/18		30
Paris, TX	—			56			1,327			—			—			56			1,327			1,383			91			1980		04/18		25
Pittsburg, TX	—			149			1,579			—			—			149			1,579			1,728			90			1998		04/18		30
Queen City, TX	—			168			2,595			—			—			168			2,595			2,763			127			2016		04/18		35
Red Oak, OK	—			168			1,905			—			—			168			1,905			2,073			108			2012		04/18		30
Spiro, OK	—			103			1,970			—			—			103			1,970			2,073			135			1985		04/18		25
Springdale, AR	—			122			572			—			—			122			572			694			39			1969		04/18		25
Springdale, AR	—			169			525			—			—			169			525			694			36			1974		04/18		25
Sulphur Springs, TX	—			65			1,318			—			—			65			1,318			1,383			90			1981		04/18		25
Talihina, OK	—			234			1,150			—			—			234			1,150			1,384			79			1975		04/18		25
Texarkana, AR	—			159			1,914			—			—			159			1,914			2,073			131			1975		04/18		25
Texarkana, AR	—			56			1,672			—			—			56			1,672			1,728			95			1998		04/18		30
Texarkana, AR	—			47			1,337			—			—			47			1,337			1,384			91			1986		04/18		25
Texarkana, AR	—			159			2,604			—			—			159			2,604			2,763			148			1994		04/18		30
Texarkana, AR	—			93			1,290			—			—			93			1,290			1,383			88			1974		04/18		25
Texarkana, TX	—			112			2,996			—			—			112			2,996			3,108			171			2001		04/18		30
Family Dollar:
Riverdale, GA	—			1,089			1,707			—			—			1,089			1,707			2,796			941			1997		12/97		40
Albany, NY	—			34			824			14			—			34			838			872			315			1992		09/04		40
Cohoes, NY	—			140			753			49			—			140			802			942			340			1994		09/04		40
Hudson Falls, NY	—			51			380			625			—			187			869			1,056			240			1993		09/04		40
Monticello, NY	—			664			769			156			—			799			447			1,246			254			1996		03/05		40
Richmond, TX	—			366			1,059			—			—			366			1,059			1,425			178			2012		02/14		35
Spring, TX	—			199			1,152			—			—			199			1,152			1,351			193			2012		02/14		35
Bartlesville, OK	—			110			445			—			—			110			445			555			97			2001		07/14		25
Huntsville, AL	—			141			596			—			—			141			596			737			108			2005		07/14		30
Tulsa, OK	—			70			519			34			—			103			519			622			118			2001		07/14		25
Famous Footwear:
Lapeer, MI	—			163			835			—			—			163			812			975			251			2007		10/05		40
Famsa:
Harlingen, TX	—			317			756			170			—			317			926			1,243			427			1999		11/98	(f)	40
Ferguson:
Destin, FL	—			554			1,012			253			—			554			1,265			1,819			396			2006		03/07		40
Union City, GA	—			144			1,260			—			—			144			1,260			1,404			311			2010		05/11		35
Fikes Wholesale:
Belton, TX	—			722			1,814			—			—			722			1,814			2,536			434			2007		08/11		35
Godley, TX	—			1,453			2,084			—			—			1,453			2,084			3,537			499			2008		08/11		35
Killeen, TX	—			1,053			833			—			—			1,053			833			1,886			199			2007		08/11		35
Killeen, TX	—			1,302			2,514			—			—			1,302			2,514			3,816			602			2008		08/11		35
McGregor, TX	—			511			1,484			—			—			511			1,484			1,995			355			2006		08/11		35
Thorndale, TX	—			331			984			—			—			331			984			1,315			235			2007		08/11		35
Valley Mills, TX	—			711			2,114			—			—			711			2,114			2,825			506			2006		08/11		35
West, TX	—			402			864			—			—			402			864			1,266			241			1999		08/11		30
Gladewater, TX	—			145			2,107			—			—			145			2,107			2,252			319			2007		09/14		35
Hearne, TX	—			68			2,184			—			—			68			2,184			2,252			385			1996		09/14		30
Jarrell, TX	—			541			2,965			—			—			541			2,965			3,506			448			2009		09/14		35
Killeen, TX	—			628			2,878			—			—			628			2,878			3,506			435			2013		09/14		35
Liberty Hill, TX	—			203			3,303			—			—			202			3,303			3,505			499			2013		09/14		35
Rosebud, TX	—			58			1,847			—			—			58			1,847			1,905			279			2012		09/14		35
Temple, TX	—			1,052			3,302			—			—			1,052			3,302			4,354			499			2012		09/14		35
Waco, TX	—			1,400			2,106			—			—			1,400			2,106			3,506			371			1997		09/14		30
Claude, TX	—			193			3,728			—			—			193			3,728			3,921			430			2013		12/15		35
Covington, TX	—			164			2,512			—			—			164			2,512			2,676			338			2001		12/15		30
Hamilton, TX	—			97			2,175			—			—			97			2,175			2,272			352			1987		12/15		25
Lott, TX	—			135			3,236			—			—			135			3,236			3,371			374			2013		12/15		35
Salado, TX	—			715			3,206			—			—			715			3,206			3,921			370			2014		12/15		35
Temple, TX	—			77			2,291			—			—			77			2,291			2,368			265			2012		12/15		35
Vernon, TX	—			154			5,850			—			—			154			5,850			6,004			591			2015		12/15		40
Milton, FL	—			1,498			—			3,568			—			1,498			3,568			5,066			271			2016		04/16	(m)	40
Giddings, TX	—			845			—			5,219			—			845			5,219			6,064			332			2017		11/16	(m)	40
Daphne, AL	—			1,411			1,247			—			—			1,411			1,247			2,658			126			2006		12/16		30
Foley, AL	—			783			1,721			—			—			783			1,721			2,504			131			2007		12/16		40
Belton, TX	—			415			3,391			—			—			415			3,391			3,806			251			2016		01/17		40
Hewitt, TX	—			747			—			3,233			—			747			3,233			3,980			165			2017		01/17	(m)	40
Amarillo, TX	—			390			3,555			—			—			390			3,555			3,945			74			2013		05/19		30
Crestview, FL	—			504			3,394			—			—			504			3,394			3,898			61			2015		05/19		35
Fort Walton Beach, FL	—			684			3,213			—			—			684			3,213			3,897			50			2016		05/19		40
Fort Walton Beach, FL	—			799			3,099			—			—			799			3,099			3,898			55			2016		05/19		35
Killeen, TX	—			504			3,973			—			—			504			3,973			4,477			83			2012		05/19		30
First Cash Pawn:
Alice, TX	—			318			578			—			—			318			578			896			261			1995		12/01		40
Five Below:
Florissant, MO	—			249			294			849			—			250			1,142			1,392			315			1996		04/03	(g)	40
Five Guys Burgers and Fries:
Middleburg Heights, OH	—			497			260			250			—			497			510			1,007			296			1976		09/06		20
Flash Markets:
Lebanon, TN	—			582			—			2,063			—			582			2,063			2,645			612			2007		03/07	(m)	40

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Fleming's:
Akron, OH	—			475			3,140			—			—			475			3,140			3,615			699			2005		03/12		35
Floor & Decor:
Knoxville, TN	—			2,364			—			7,879			—			2,364			7,879			10,243			780			2016		09/15	(m)	40
Albuquerque, NM	—			2,322			10,699			—			—			2,322			10,699			13,021			256			2018		01/19		40
Food 4 Less:
National City, CA	—			3,569			4,266			—			—			3,569			1,246			4,815			10			1995		11/98		25
Food Fast:
Bossier City, LA	—			883			658			—			—			883			658			1,541			550			1975		06/07		15
Brownsboro, TX	—			328			385			—			—			328			385			713			161			1990		06/07		30
Flint, TX	—			272			411			—			—			272			411			683			206			1985		06/07		25
Forney, TX	—			545			707			—			—			545			707			1,252			296			1989		06/07		30
Gun Barrel City, TX	—			242			467			—			—			242			467			709			234			1988		06/07		25
Gun Barrel City, TX	—			270			386			—			—			270			386			656			194			1986		06/07		25
Jacksonville, TX	—			660			632			—			—			660			632			1,292			529			1976		06/07		15
Kemp, TX	—			581			505			—			—			581			505			1,086			253			1986		06/07		25
Longview, TX	—			271			431			—			—			271			431			702			180			1990		06/07		30
Longview, TX	—			403			572			—			—			403			572			975			287			1985		06/07		25
Longview, TX	—			426			382			—			—			426			382			808			191			1984		06/07		25
Longview, TX	—			252			304			—			—			252			304			556			152			1983		06/07		25
Longview, TX	—			360			535			—			—			360			535			895			269			1983		06/07		25
Mabank, TX	—			229			494			—			—			229			494			723			248			1986		06/07		25
Mt. Vernon, TX	—			292			666			2,800			—			292			2,800			3,092			470			2013		06/07	(m)	40
Tyler, TX	—			488			831			—			—			488			831			1,319			521			1980		06/07		20
Tyler, TX	—			316			545			—			—			316			545			861			228			1989		06/07		30
Tyler, TX	—			473			654			—			—			473			654			1,127			273			1990		06/07		30
Tyler, TX	—			323			283			—			—			323			283			606			178			1978		06/07		20
Tyler, TX	—			188			329			—			—			188			329			517			165			1984		06/07		25
Tyler, TX	—			742			546			—			—			742			546			1,288			274			1985		06/07		25
Tyler, TX	—			542			403			—			—			481			403			884			202			1984		06/07		25

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Fort Ticonderoga:
Ticonderoga, NY	—			89			689			60			—			89			749			838			278			1993		09/04		40
Fresenius Medical Care:
Houston, TX	—			422			1,915			510			—			422			2,425			2,847			832			1995		12/05		40
Rockford, MI	—			226			1,404			—			—			226			1,404			1,630			256			2002		07/14		30
Fresh Market:
Gainesville, FL	—			317			1,248			673			—			317			1,921			2,238			716			1982		03/99		40
Frisch's Big Boy:
Batavia, OH	—			319			2,637			150			—			319			2,787			3,106			392			1995		08/15		30
Bethel, OH	—			242			2,512			150			—			242			2,662			2,904			447			1982		08/15		25
Burlington, KY	—			589			2,357			150			—			589			2,507			3,096			346			1995		08/15		30
Cincinnati, OH	—			300			1,952			150			—			300			2,102			2,402			345			1990		08/15		25
Cincinnati, OH	—			445			929			—			—			445			929			1,374			135			2005		08/15		30
Cincinnati, OH	—			387			1,865			—			—			387			1,865			2,252			272			1996		08/15		30
Cincinnati, OH	—			183			3,283			150			—			183			3,433			3,616			583			1980		08/15		25
Cincinnati, OH	—			319			2,753			150			—			319			2,903			3,222			406			2007		08/15		30
Cincinnati, OH	—			782			1,961			150			—			782			2,111			2,893			352			1973		08/15		25
Cincinnati, OH	—			271			939			—			—			271			939			1,210			164			1994		08/15		25
Cincinnati, OH	—			541			1,981			150			—			541			2,131			2,672			355			1964		08/15		25
Cincinnati, OH	—			638			1,845			150			—			638			1,995			2,633			330			1993		08/15		25
Cincinnati, OH	—			290			3,100			150			—			290			3,250			3,540			551			1985		08/15		25
Cincinnati, OH	—			734			1,768			150			—			734			1,918			2,652			317			1991		08/15		25
Cincinnati, OH	—			754			1,044			—			—			754			1,044			1,798			152			1997		08/15		30
Cincinnati, OH	—			695			2,173			150			—			695			2,323			3,018			324			1982		08/15		30
Cincinnati, OH	—			329			1,672			—			—			329			1,672			2,001			293			1988		08/15		25
Cincinnati, OH	—			657			1,874			150			—			654			2,024			2,678			336			1986		08/15		25
Cincinnati, OH	—			976			1,806			—			—			976			1,806			2,782			226			2011		08/15		35
Cincinnati, OH	—			435			3,457			150			—			435			3,607			4,042			614			1970		08/15		25
Cold Spring, KY	—			763			2,144			150			—			763			2,294			3,057			320			1993		08/15		30
Covington, KY	—			522			2,444			150			—			522			2,594			3,116			363			1991		08/15		30
Dayton, OH	—			445			1,276			—			—			445			1,276			1,721			160			2008		08/15		35

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Dayton, OH	—			464			2,029			—			—			464			2,029			2,493			296			1988		08/15		30
Dayton, OH	—			261			1,392			—			—			261			1,392			1,653			244			1985		08/15		25
Dayton, OH	—			589			1,662			—			—			589			1,662			2,251			242			2006		08/15		30
Dayton, OH	—			407			349			—			—			407			349			756			44			2010		08/15		35
Dayton, OH	—			348			1,633			—			—			348			1,633			1,981			286			1990		08/15		25
Eaton, OH	—			319			1,267			—			—			319			1,267			1,586			222			1992		08/15		25
Englewood, OH	—			348			1,846			150			—			348			1,996			2,344			326			1976		08/15		25
Erlanger, KY	—			425			1,740			—			—			425			1,740			2,165			304			1991		08/15		25
Fairborn, OH	—			348			1,305			—			—			348			1,305			1,653			190			1989		08/15		30
Fairfield, OH	—			580			1,556			150			—			580			1,706			2,286			281			1976		08/15		25
Florence, KY	—			860			1,903			150			—			860			2,053			2,913			340			1986		08/15		25
Florence, KY	—			850			1,971			150			—			850			2,121			2,971			292			2001		08/15		30
Fort Mitchell, KY	—			792			3,051			150			—			792			3,201			3,993			452			1988		08/15		30
Franklin, OH	—			406			1,749			150			—			406			1,899			2,305			314			1977		08/15		25
Franklin, OH	—			415			2,425			150			—			415			2,575			2,990			359			1987		08/15		30
Gahanna, OH	—			389			165			—			—			389			165			554			24			1994		08/15		30
Greensburg, IN	—			464			1,575			150			—			464			1,726			2,190			234			1990		08/15		30
Grove City, OH	—			406			1,846			—			—			406			1,846			2,252			269			1993		08/15		30
Groveport, OH	—			145			1,084			—			—			145			1,084			1,229			158			1992		08/15		30
Hamilton, OH	—			310			1,045			—			—			310			1,045			1,355			183			1968		08/15		25
Hamilton, OH	—			560			1,894			—			—			560			1,894			2,454			276			2009		08/15		30
Harrison, OH	—			338			2,685			150			—			338			2,835			3,173			395			1989		08/15		30
Heath, OH	—			939			348			—			—			939			348			1,287			44			2011		08/15		35
Hillsboro, OH	—			502			2,926			150			—			502			3,076			3,578			520			1980		08/15		25
Independence, KY	—			657			1,816			—			—			657			1,816			2,473			265			2009		08/15		30
Lancaster, OH	—			570			1,604			—			—			570			1,604			2,174			234			1992		08/15		30
Lawrenceburg, IN	—			550			3,071			—			—			550			3,071			3,621			384			2010		08/15		35
Lebanon, OH	—			560			2,550			150			—			560			2,700			3,260			378			2006		08/15		30
Lexington, KY	—			647			2,289			150			—			647			2,439			3,086			408			1976		08/15		25
Lexington, KY	—			734			1,382			—			—			724			1,382			2,106			173			2013		08/15		35
Louisville, KY	—			891			97			—			—			891			97			988			14			1994		08/15		30
Louisville, KY	—			628			1,691			150			—			628			1,841			2,469			254			1990		08/15		30
Loveland, OH	—			241			2,666			150			—			241			2,816			3,057			475			1980		08/15		25
Loveland, OH	—			184			1,740			—			—			184			1,740			1,924			254			1990		08/15		30

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Marysville, OH	—			281			823			—			—			281			823			1,104			120			1993		08/15		30
Mason, OH	—			531			1,981			150			—			531			2,131			2,662			355			1987		08/15		25
Maysville, KY	—			454			3,119			175			—			479			3,269			3,748			554			1992		08/15		25
Miamisburg, OH	—			551			1,701			150			—			551			1,851			2,402			300			1970		08/15		25
Middletown, OH	—			823			310			—			—			823			310			1,133			39			2013		08/15		35
Middletown, OH	—			155			1,952			150			—			155			2,102			2,257			350			1966		08/15		25
Milford, OH	—			309			1,942			150			—			309			2,092			2,401			348			1960		08/15		25
New Albany, IN	—			493			1,238			—			—			493			1,238			1,731			180			1995		08/15		30
Shepherdsville, KY	—			793			1,092			—			—			793			1,092			1,885			159			2009		08/15		30
Springfield, OH	—			560			1,691			150			—			560			1,841			2,401			250			2007		08/15		30
Tipp City, OH	—			503			919			—			—			503			919			1,422			134			1996		08/15		30
Troy, OH	—			445			1,807			150			—			445			1,957			2,402			266			1987		08/15		30
Urbana, OH	—			252			1,142			—			—			252			1,142			1,394			200			1991		08/15		25
Washington, OH	—			300			1,672			150			—			300			1,822			2,122			248			1990		08/15		30
Wilmington, OH	—			377			2,502			150			—			377			2,652			3,029			444			1973		08/15		25
Winchester, KY	—			348			1,325			—			—			348			1,325			1,673			193			2008		08/15		30
Xenia, OH	—			261			2,299			150			—			261			2,449			2,710			338			1986		08/15		30
Fuel Up:
Chambersburg, PA	—			76			197			—			—			76			197			273			142			1990		08/05		20
Fuel-On:
Emporium, PA	—			380			569			—			—			380			569			949			409			1996		08/05		20
Johnsonburg, PA	—			781			504			—			—			781			504			1,285			362			1978		08/05		20
St. Marys, PA	—			274			261			—			—			274			261			535			188			1979		08/05		20
Houtzdale, PA	—			541			500			46			—			356			46			402			3			1977		01/06		15
Pittsburgh, PA	—			905			1,346			—			—			905			1,346			2,251			470			1967		01/06		40
Zelienople, PA	—			160			437			—			—			160			437			597			153			1988		01/06		40
Fuji Japanese Steakhouse:
Farmington, NM	—			2,757			—			773			—			2,757			773			3,530			217			2003		12/07	(o)	40

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Furniture Bank:
Columbus, OH	—			1,596			934			239			—			1,605			1,165			2,770			397			1970		11/04	(o)	40
Furr's Family Dining:
Moore, OK	—			939			—			2,429			—			939			2,429			3,368			741			2007		03/07	(m)	40
Arlington, TX	—			1,061			—			1,594			—			1,061			1,594			2,655			367			2010		04/10	(m)	40
McAllen, TX	—			520			1,700			—			—			520			1,700			2,220			456			2004		12/11		30
FX Video Game Exchange:
Corpus Christi, TX	—			125			137			229			—			125			366			491			134			1967		11/93		40
Gander Outdoors:
Amarillo, TX	—			1,514			5,781			6,614			—			4,581			9,285			13,866			2,268			2004		11/04	(m)	40
DeForest, WI	—			2,798			10,953			3,303			—			2,787			14,216			17,003			3,503			2008		09/10	(m)	35
Springfield, IL	—			1,717			7,622			5,726			—			3,739			11,326			15,065			2,090			2009		09/10	(m)	35
Onalaska, WI	—			1,963			—			7,417			—			1,733			7,417			9,150			1,511			2011		10/10	(m)	40
Ocala, FL	—			3,315			8,908			645			—			3,315			9,553			12,868			2,384			2008		10/10	(m)	35
Bowling Green, KY	—			1,777			7,319			713			—			1,777			8,032			9,809			1,802			2007		07/11	(m)	35
Roanoke, VA	—			1,769			8,120			738			—			1,769			8,858			10,627			2,001			2008		07/11	(m)	35
Greenfield, IN	—			878			—			6,695			—			878			6,695			7,573			886			2014		12/13	(m)	40
Lakeville, MN	—			3,243			11,191			609			—			3,243			11,800			15,043			1,826			2003		03/15	(o)	30
Gate Petroleum:
Concord, NC	—			852			1,201			—			—			852			1,201			2,053			437			2001		06/05		40
Rocky Mount, NC	—			259			1,164			—			—			259			1,164			1,423			423			2000		06/05		40
Gerber Collision:
Garner, NC	—			352			1,056			—			—			352			1,056			1,408			359			1972		03/13		20
Estero, FL	—			839			—			2,135			—			839			2,135			2,974			294			2015		10/14	(m)	30
Woodstock, GA	—			328			1,291			—			—			328			1,291			1,619			221			1990		11/14		30
Roswell, GA	—			958			—			1,920			—			961			1,920			2,881			368			2015		12/14	(m)	25
Tucson, AZ	—			242			1,518			—			—			242			1,518			1,760			252			2002		01/15		30
Tucson, AZ	—			330			1,746			—			—			330			1,746			2,076			247			2008		01/15		35

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Kansas City, MO	—			727			834			—			—			727			834			1,561			16			1950		08/19		20
Daytona Beach, FL	—			681			—			—			—			681			(e)			681			(e)			(e)		08/19	(o)	(e)
Woodstock, GA	—			210			785			—			—			210			785			995			1			1988		12/19		25
Global:
Augusta, ME	—			234			1,384			—			—			234			1,384			1,618			196			1987		06/16		25
Bedford, NH	—			332			907			—			—			315			907			1,222			129			1980		06/16		25
Bridgeport, CT	—			331			1,762			—			—			331			1,762			2,093			250			1979		06/16		25
Derry, NH	—			176			1,044			—			—			176			1,044			1,220			148			1987		06/16		25
Dover, NH	—			497			926			—			—			497			926			1,423			109			2004		06/16		30
Epping, NH	—			798			1,363			—			—			798			1,363			2,161			161			1998		06/16		30
Exeter, NH	—			593			3,258			—			—			593			3,258			3,851			385			2001		06/16		30
Fitzwilliam, NH	—			146			2,404			—			—			146			2,404			2,550			341			1993		06/16		25
Gardner, MA	—			88			2,764			—			—			88			2,764			2,852			392			1968		06/16		25
Hanover, MA	—			380			1,131			—			—			380			1,131			1,511			160			1991		06/16		25
Johnston, RI	—			478			1,082			—			—			478			1,082			1,560			153			1992		06/16		25
Manchester, CT	—			584			1,869			—			—			584			1,869			2,453			265			1983		06/16		25
Middleton, MA	—			331			1,694			—			—			331			1,694			2,025			200			2001		06/16		30
Milford, MA	—			642			1,869			—			—			642			1,869			2,511			265			1972		06/16		25
Nashua, NH	—			351			1,160			—			—			351			1,160			1,511			164			1991		06/16		25
North Easton, MA	—			1,293			2,917			—			—			1,293			2,917			4,210			344			2005		06/16		30
Portland, ME	—			361			732			—			—			361			732			1,093			104			1987		06/16		25
Saugus, MA	—			885			3,209			—			—			885			3,209			4,094			379			1997		06/16		30
Scarborough, ME	—			662			1,393			—			—			662			1,393			2,055			164			1998		06/16		30
Tewksbury, MA	—			449			839			—			—			449			839			1,288			99			2000		06/16		30
Townsend, MA	—			195			1,695			—			—			195			1,695			1,890			240			1983		06/16		25
Waltham, MA	—			467			1,995			—			—			467			1,995			2,462			283			1983		06/16		25
Warwick, RI	—			633			1,120			—			—			633			1,120			1,753			132			2004		06/16		30
Waterville, ME	—			49			1,112			—			—			49			1,112			1,161			158			1987		06/16		25
Westerly, RI	—			506			2,141			—			—			506			2,141			2,647			253			1998		06/16		30
Westerly, RI	—			351			1,830			—			—			351			1,830			2,181			259			1989		06/16		25
Westford, MA	—			448			1,072			—			—			448			1,072			1,520			127			1998		06/16		30
Weymouth, MA	—			214			1,802			—			—			214			1,802			2,016			255			1960		06/16		25

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Wyoming, RI	—			409			1,276			—			—			409			1,276			1,685			151			1999		06/16		30
York, ME	—			175			2,812			—			—			175			2,812			2,987			398			1990		06/16		25
Golden Corral:
Lake Placid, FL	—			115			305			54			—			115			359			474			358			1985		05/85		35
Brandon, FL	—			1,188			1,339			—			—			1,188			1,339			2,527			604			1998		12/01		40
Temple Terrace, FL	—			1,330			1,391			—			—			1,330			1,391			2,721			627			1997		12/01		40
Davenport, IA	—			923			2,122			—			—			923			2,122			3,045			296			1998		02/15		35
Orange Park, FL	—			1,074			1,794			—			—			1,074			1,794			2,868			292			1995		02/15		30
Pensacola, FL	—			1,344			3,212			—			—			1,344			3,212			4,556			447			1999		02/15		35
Goodwill:
Sealy, TX	—			612			675			655			—			612			1,330			1,942			531			1982		03/99		40
Fort Worth, TX	—			988			2,368			32			—			988			2,401			3,389			886			1997		02/05		40
Goodyear Truck & Tire:
Anthony, TX	—			(l)			1,242			6			—			(l)			1,248			1,248			388			2007		02/07		40
Beaverdam, OH	—			(l)			1,521			—			—			(l)			1,521			1,521			480			2004		05/07		40
Benton, AR	—			(l)			309			—			—			(l)			309			309			96			2001		05/07		40
Bowman, SC	—			(l)			969			—			—			(l)			969			969			350			1998		05/07		35
Dalton, GA	—			(l)			1,541			—			—			(l)			1,541			1,541			486			2004		05/07		40
Dandridge, TN	—			(l)			1,030			—			—			(l)			1,030			1,030			372			1989		05/07		35
Franklin, OH	—			(l)			563			—			—			(l)			563			563			203			1998		05/07		35
Gary, IN	—			(l)			1,486			—			—			(l)			1,486			1,486			469			2004		05/07		40
Georgetown, KY	—			(l)			679			—			—			(l)			679			679			286			1997		05/07		30
Mebane, NC	—			(l)			561			—			—			(l)			561			561			202			1998		05/07		35
Piedmont, SC	—			(l)			567			—			—			(l)			567			567			204			1999		05/07		35
Port Wentworth, GA	—			(l)			552			—			—			(l)			552			552			199			1998		05/07		35
Valdosta, GA	—			(l)			1,477			—			—			(l)			1,477			1,477			466			2004		05/07		40
Temple, GA	—			(l)			1,065			—			—			(l)			1,065			1,065			323			2007		06/07		40
Whiteland, IN	—			(l)			1,471			—			—			(l)			1,471			1,471			458			2004		07/07		40
Urbandale, IA	—			(l)			816			—			—			(l)			816			816			254			1987		07/07		40
Robinson, TX	—			(l)			1,183			—			—			(l)			1,183			1,183			358			2007		07/07		40

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Kearney, MO	—			(l)			1,269			—			—			(l)			1,269			1,269			395			2003		07/07		40
Oklahoma City, OK	—			(l)			1,247			—			—			(l)			1,247			1,247			370			2008		08/07		40
Amarillo, TX	—			(l)			1,158			—			—			(l)			1,158			1,158			334			2008		02/08		40
Jackson, MS	—			(l)			1,281			—			—			(l)			1,281			1,281			367			2008		03/08		40
Glendale, KY	—			(l)			1,066			—			—			(l)			1,066			1,066			299			2008		07/08		40
Lebanon, TN	—			(l)			1,331			—			—			(l)			1,331			1,331			367			2008		08/08	(p)	40
Laredo, TX	—			(l)			1,238			—			—			(l)			1,238			1,238			334			2009		11/08	(p)	40
Midland, TX	—			(l)			1,148			—			—			(l)			1,148			1,148			272			2010		04/10	(p)	40
Tuscaloosa, AL	—			(l)			1,002			—			—			(l)			1,002			1,002			227			2010		08/10	(p)	40
Kenly, NC	—			(l)			1,066			—			—			(l)			1,066			1,066			237			2011		11/10	(p)	40
Matthews, MO	—			(l)			1,042			50			—			(l)			1,092			1,092			232			2011		01/11	(p)	40
Baytown, TX	—			(l)			—			1,375			—			(l)			1,375			1,375			288			2011		05/11	(p)	40
Sunbury, OH	—			(l)			—			1,424			—			(l)			1,424			1,424			286			2011		06/11	(p)	40
Greenwood, LA	—			(l)			—			1,291			—			(l)			1,291			1,291			262			2011		06/11	(p)	40
Joplin, MO	—			(l)			—			1,168			—			(l)			1,168			1,168			237			2011		06/11	(p)	40
Winslow, AZ	—			(l)			—			1,613			—			(l)			1,613			1,613			317			2012		09/11	(p)	40
Gulfport, MS	—			(l)			—			1,377			—			(l)			1,377			1,377			265			2012		11/11	(p)	40
Sulphur Springs, TX	—			(l)			—			1,283			—			(l)			1,283			1,283			245			2012		12/11	(p)	40
Walcott, IA	—			(l)			—			1,673			—			(l)			1,673			1,673			173			2015		07/15	(p)	40
S. Beloit, IL	—			(l)			—			1,927			—			(l)			1,927			1,927			187			2016		08/15	(p)	40
Eloy, AZ	—			(l)			—			1,739			—			(l)			1,739			1,739			168			2016		10/15	(p)	40
Gordmans:
Wyoming, MI	—			1,322			—			4,447			—			1,322			4,447			5,769			607			2014		10/13	(m)	40
Saginaw, MI	—			763			—			4,088			—			763			4,088			4,851			558			2014		02/14	(m)	40
Great Clips:
Swansea, IL	—			46			132			157			—			46			290			336			81			1997		12/01	(g)	40
Lapeer, MI	—			27			194			—			—			27			184			211			58			2007		10/05		40
Guitar Center:
Roseville, MN	—			1,599			1,419			23			—			1,599			1,442			3,041			503			1994		12/05		40

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
H&R Block:
Swansea, IL	—			46			132			69			—			46			201			247			135			1997		12/01		40
Bristol, VA	—			63			184			40			—			63			224			287			47			2000		07/14		25
Harbor Freight Tools:
Federal Way, WA	—			2,037			1,662			534			—			2,037			2,195			4,232			1,063			1994		06/98		40
Gastonia, NC	—			994			1,513			193			—			994			1,706			2,700			608			2004		12/04		40
Plainfield, IN	—			503			—			1,691			—			503			1,691			2,194			266			1972		12/14	(o)	30
Houma, LA	—			1,037			—			3,362			—			1,037			3,362			4,399			235			2016		08/16	(m)	40
McKinney, TX	—			1,040			—			2,551			—			1,040			2,551			3,591			157			2017		01/17	(m)	40
Marion, IN	—			493			—			1,697			—			493			1,693			2,186			87			2017		08/17	(m)	40
Sandusky, OH	—			999			—			1,296			—			999			1,296			2,295			42			2018		04/18	(m)	40
Casa Grande, AZ	—			1,963			1,206			—			—			1,963			1,206			3,169			78			1976		09/18		20
Hillsboro, OH	—			541			2,412			—			—			541			2,412			2,953			125			1978		09/18		25
Howell, MI	—			737			2,828			—			—			737			2,828			3,565			146			1993		09/18		25
Lake City, FL	—			767			2,567			—			—			767			2,567			3,334			95			2014		09/18		35
Morristown, TN	—			657			2,290			—			—			657			2,290			2,947			84			2015		09/18		35
Palm Harbor, FL	—			1,948			2,216			—			—			1,948			2,216			4,164			95			1980		09/18		30
Reynoldsburg, OH	—			767			3,502			—			—			767			3,502			4,269			129			2014		09/18		35
Rogers, AR	—			448			2,052			—			—			448			2,052			2,500			88			1997		09/18		30
Sebring, FL	—			519			2,350			—			—			519			2,350			2,869			101			1980		09/18		30
Steubenville, OH	—			748			2,162			—			—			748			2,162			2,910			112			1999		09/18		25
Troy, OH	—			685			2,750			—			—			685			2,750			3,435			118			2006		09/18		30
Warren, OH	—			332			2,960			—			—			332			2,960			3,292			109			2013		09/18		35
Zanesville, OH	—			913			2,202			—			—			913			2,202			3,115			81			2014		09/18		35
Louisville, KY	—			970			—			1,808			—			970			1,808			2,778			24			2019		11/18	(m)	(k)
Defiance, OH	—			515			2,435			—			—			515			2,435			2,950			55			2017		03/19		35
Henderson, NV	—			577			2,653			—			—			577			2,653			3,230			70			1961		03/19		30
Las Vegas, NV	—			1,152			3,870			—			—			1,152			3,870			5,022			102			1991		03/19		30
Cranberry, PA	—			631			2,870			—			—			631			2,870			3,501			62			2000		06/19		25
La Mirada, CA	—			3,670			3,304			—			—			3,670			3,304			6,974			72			1999		06/19		25
Monaca, PA	—			698			3,365			—			—			698			3,365			4,063			61			2004		06/19		30
Van Nuys, CA	—			2,889			2,618			—			—			2,889			2,618			5,507			57			1978		06/19		25

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Los Lunas, NM	—			330			2,428			—			—			330			2,428			2,758			23			2019		08/19		40
Bay City, MI	—			819			—			—			—			819			(e)			819			(e)			(e)		10/19	(m)	(e)
Hardee's:
Savannah, TN	—			151			713			—			—			151			713			864			174			1988		02/15		20
Warrenton, NC	—			143			633			—			—			143			633			776			103			1960		02/15		30
Havertys Furniture:
Pensacola, FL	—			633			1,595			66			—			603			1,661			2,264			956			1994		06/96		40
Bowie, MD	—			1,966			4,221			—			—			1,966			4,221			6,187			2,243			1997		12/97		39
Healthy Pet:
Suwanee, GA	—			175			1,038			—			—			175			1,038			1,213			339			1997		12/06		40
Colonial Heights, VA	—			160			746			—			—			160			746			906			242			1996		01/07		40
Hear USA:
Lapeer, MI	—			29			211			—			—			29			201			230			63			2007		10/05		40
Heartland Dental:
Greer, SC	—			399			—			1,435			—			399			1,435			1,834			85			2017		05/17	(m)	40
Herc Rentals:
Anaheim, CA	—			6,156			1,214			—			—			6,156			1,214			7,370			89			2005		10/17		30
Arden, NC	—			359			1,286			—			—			359			1,286			1,645			95			1992		10/17		30
Athens, GA	—			255			2,039			—			—			255			2,039			2,294			180			1977		10/17		25
Augusta, GA	—			360			1,069			—			—			360			1,069			1,429			79			1999		10/17		30
Austin, TX	—			2,215			1,517			—			—			2,215			1,517			3,732			112			2002		10/17		30
Baltimore, MD	—			283			1,484			—			—			283			1,484			1,767			131			1984		10/17		25
Beaumont, TX	—			822			624			—			—			822			624			1,446			46			1989		10/17		30
Boston, MA	—			4,536			2,964			—			—			4,536			2,964			7,500			262			1960		10/17		25
Carson, CA	—			5,646			3,764			—			—			5,646			3,764			9,410			277			2002		10/17		30
Charlotte, NC	—			389			626			—			—			389			626			1,015			55			1964		10/17		25
Cincinnati, OH	—			453			1,842			—			—			453			1,842			2,295			163			1971		10/17		25

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Columbus, OH	—			483			1,051			—			—			483			1,051			1,534			93			1968		10/17		25
Deer Park, TX	—			443			1,953			—			—			443			1,953			2,396			144			1984		10/17		30
Fayetteville, NC	—			311			2,038			—			—			311			2,038			2,349			180			1981		10/17		25
Foothill Ranch, CA	—			3,484			1,799			—			—			3,484			1,799			5,283			132			2003		10/17		30
Gilbert, AZ	—			839			1,754			—			—			839			1,754			2,593			129			1997		10/17		30
Greensboro, NC	—			351			843			—			—			351			843			1,194			62			1988		10/17		30
Henderson, CO	—			877			1,414			—			—			877			1,414			2,291			104			2005		10/17		30
Houston, TX	—			417			596			—			—			417			596			1,013			53			1972		10/17		25
Lakeland, FL	—			802			1,264			—			—			802			1,264			2,066			93			1998		10/17		30
Las Vegas, NV	—			1,845			4,999			—			—			1,845			4,999			6,844			442			1975		10/17		25
Little Rock, AR	—			463			1,342			—			—			463			1,342			1,805			119			1974		10/17		25
Macon, GA	—			275			731			—			—			275			731			1,006			54			1999		10/17		30
Miami, FL	—			3,041			1,469			—			—			3,041			1,469			4,510			130			1970		10/17		25
Norcross, GA	—			692			464			—			—			692			464			1,156			41			1969		10/17		25
Oklahoma City, OK	—			416			1,295			—			—			416			1,295			1,711			114			1983		10/17		25
Orlando, FL	—			707			2,318			—			—			707			2,318			3,025			171			1998		10/17		30
Pensacola, FL	—			180			851			—			—			180			851			1,031			63			1985		10/17		30
Phoenix, AZ	—			511			814			—			—			511			814			1,325			72			1976		10/17		25
Raleigh, NC	—			622			2,018			—			—			622			2,018			2,640			178			1965		10/17		25
Richland, MS	—			208			1,268			—			—			208			1,268			1,476			93			1996		10/17		30
Riviera Beach, FL	—			1,130			3,380			—			—			1,130			3,380			4,510			213			2007		10/17		35
Roseville, CA	—			1,233			5,544			—			—			1,233			5,544			6,777			408			2002		10/17		30
San Diego, CA	—			3,407			4,283			—			—			3,407			4,283			7,690			378			1977		10/17		25
Sarasota, FL	—			443			1,377			—			—			443			1,377			1,820			122			1959		10/17		25
Savannah, GA	—			426			758			—			—			426			758			1,184			56			1989		10/17		30
Springdale, AR	—			702			323			—			—			702			323			1,025			24			1996		10/17		30
Springfield, MO	—			199			1,078			—			—			199			1,078			1,277			95			1971		10/17		25
Tampa, FL	—			490			2,026			—			—			490			2,026			2,516			179			1966		10/17		25
Texas City, TX	—			539			700			—			—			539			700			1,239			62			1972		10/17		25
Virginia Beach, VA	—			463			1,398			—			—			463			1,398			1,861			103			1986		10/17		30
West Sacramento, CA	—			575			2,302			—			—			575			2,302			2,877			169			1987		10/17		30
Kansas City, MO	—			1,009			4,121			—			—			1,009			4,121			5,130			172			1962		12/18		25
Hibbett Sports:
Sealy, TX	—			208			230			282			—			208			512			720			130			1982		03/99	(g)	40
Hobby Lobby:
Beavercreek, OH	—			1,837			—			3,790			—			1,926			3,701			5,627			374			2015		08/15	(m)	40
Hollywood Feed:
Ridgeland, MS	—			343			411			413			—			343			824			1,167			201			1997		12/05		40
Home Decor:
Memphis, TN	—			549			540			364			—			549			904			1,453			459			1998		12/97		40
Home Depot:
Sunrise, FL	—			5,149			—			—			—			5,149			(i)			5,149			(i)			(i)		05/03		(i)
HomeGoods:
Fairfax, VA	—			523			756			1,699			—			971			2,455			3,426			1,142			1995		12/95		40
Hometown Urgent Care:
Warren, OH	—			562			468			100			—			562			568			1,130			237			1997		12/01		40
Hooters:
Tampa, FL	—			784			505			450			—			784			955			1,739			298			1993		12/01		40
Hudson Grille:
Alpharetta, GA	—			3,033			1,642			209			—			3,033			1,851			4,884			758			1999		12/01		40
Humana:
Sunrise, FL	—			800			253			—			—			800			253			1,053			99			1984		05/04		40
Hy-Vee:
St. Joseph, MO	—			1,580			2,849			—			—			1,580			2,849			4,429			1,232			1991		09/02		40
Insurance Auto Auctions:
New Orleans, LA	—			1,445			—			4,123			—			1,445			3,987			5,432			836			1993		06/13	(o)	30
E Dundee, IL	—			2,772			—			8,320			—			2,772			8,320			11,092			1,040			2014		01/14	(m)	40
Bergen, NY	—			762			—			5,024			—			762			5,024			5,786			380			2016		08/15	(m)	40
Eminence, KY	—			724			4,928			—			—			724			4,928			5,652			463			2015		09/16		35
Meridian, ID	—			1,076			—			4,048			—			1,076			4,048			5,124			361			2006		10/16	(o)	35
Flint, MI	—			1,049			—			5,676			—			1,049			5,676			6,725			195			2018		10/16	(m)	40
Int'l House of Pancakes:
Midwest City, OK	—			407			—			—			—			407			(i)			407			(i)			(i)		11/00		(i)
Ankeny, IA	—			693			515			—			—			693			515			1,208			250			2002		06/05		30
ISD Renal:
Corpus Christi, TX	—			406			4,036			—			—			406			4,036			4,442			1,082			1978		12/11		30
Kendallville, IN	—			66			2,748			—			—			66			2,748			2,814			631			2007		12/11		35
Memphis, TN	—			283			4,146			—			—			283			4,146			4,429			1,111			2001		12/11		30
Memphis, TN	—			180			3,223			—			—			180			3,223			3,403			864			2002		12/11		30
J & J Insurance:
Hollywood, FL	—			398			90			74			—			243			37			280			7			1960		12/05		15
Jack in the Box:
Plano, TX	—			1,055			1,237			—			—			1,055			1,237			2,292			450			2001		06/05		40
Mansfield, TX	—			808			—			508			—			808			508			1,316			55			2015		06/15	(m)	40
Jack's:
Blounstville, AL	—			435			1,543			—			—			435			1,543			1,978			216			1997		10/15		30
Centre, AL	—			128			2,648			—			—			128			2,648			2,776			318			2006		10/15		35
Collinsville, AL	—			119			1,968			—			—			119			1,968			2,087			331			1994		10/15		25
Demopolis, AL	—			208			1,514			—			—			208			1,514			1,722			182			2007		10/15		35
Geraldine, AL	—			119			2,125			—			—			119			2,125			2,244			298			1998		10/15		30
Guin, AL	—			89			1,652			—			—			89			1,652			1,741			232			1999		10/15		30
Hanceville, AL	—			544			1,779			—			—			544			1,779			2,323			250			2002		10/15		30
Holly Pond, AL	—			119			2,056			—			—			119			2,056			2,175			288			2000		10/15		30
Jasper, AL	—			247			2,549			—			—			247			2,549			2,796			429			1983		10/15		25
Ohatchee, AL	—			119			1,938			—			—			119			1,938			2,057			272			1995		10/15		30
Scottsboro, AL	—			247			1,494			—			—			247			1,494			1,741			180			2006		10/15		35
Fyffe, AL	—			95			1,657			—			—			95			1,657			1,752			205			2001		04/16		30
Lafayette, AL	—			209			1,989			—			—			209			1,989			2,198			295			1987		04/16		25
Pinson, AL	—			228			2,453			—			—			228			2,453			2,681			303			1994		04/16		30
Addison, AL	—			261			1,586			—			—			261			1,586			1,847			43			2018		01/19		35
Moulton, AL	—			261			1,586			—			—			261			1,586			1,847			43			2018		01/19		35
Greensboro, AL	—			193			1,672			—			—			193			1,672			1,865			2			2019		12/19		40
Section, AL	—			213			1,643			—			—			213			1,643			1,856			2			2019		12/19		40
Jared Jewelers:
Richmond, VA	—			955			1,336			—			—			955			1,336			2,291			603			1998		12/01		40
Brandon, FL	—			1,197			1,182			—			—			1,197			1,182			2,379			521			2001		05/02		40
Lithonia, GA	—			1,271			1,216			—			—			1,271			1,216			2,487			536			2001		05/02		40
Houston, TX	—			1,676			1,440			—			—			1,637			1,433			3,070			616			1999		12/02		40
Oviedo, FL	—			1,328			1,500			—			—			1,328			868			2,196			124			1998		06/13		30
JC Nails Salon:
Lapeer, MI	—			37			264			—			—			37			251			288			79			2007		10/05		40
Jiffi Stop:
Barry, IL	—			48			1,194			—			—			48			1,194			1,242			153			1984		10/16		25
Bowen, IL (n)	—			39			744			—			—			39			744			783			80			1999		10/16		30
Carrollton, IL	—			48			1,319			—			—			48			1,319			1,367			169			1986		10/16		25
Griggsville, IL	—			29			801			—			—			29			801			830			103			1983		10/16		25
Jacksonville, IL	—			854			4,251			—			—			854			4,251			5,105			390			2010		10/16		35
Pittsfield, IL	—			19			581			—			—			19			581			600			75			1947		10/16		25
Pleasant Hill, IL	—			87			753			—			—			87			753			840			97			1980		10/16		25
Quincy, IL	—			58			676			—			—			58			676			734			87			1994		10/16		25
Quincy, IL	—			183			1,539			—			—			183			1,539			1,722			165			2002		10/16		30
Quincy, IL	—			596			2,056			—			—			596			2,056			2,652			220			2003		10/16		30
Springfield, IL	—			192			2,593			—			—			192			2,593			2,785			333			1993		10/16		25
Springfield, IL	—			288			2,411			—			—			288			2,411			2,699			309			1992		10/16		25
Springfield, IL	—			518			3,782			—			—			518			3,782			4,300			485			1995		10/16		25
Springfield, IL	—			231			1,625			—			—			231			1,625			1,856			174			1999		10/16		30
Taylor, MO	—			39			945			—			—			39			945			984			121			1982		10/16		25
Jiffy Lube:
Auburn, MA	—			455			856			—			—			455			856			1,311			134			1988		07/14		35
Ayer, MA	—			326			792			—			—			326			792			1,118			144			1989		07/14		30
Barrington, IL	—			371			612			—			—			371			612			983			111			1986		07/14		30
Berwyn, IL	—			359			709			—			—			359			709			1,068			111			1985		07/14		35
Bolingbrook, IL	—			185			562			—			—			185			562			747			102			1986		07/14		30
Burbank, IL	—			156			418			—			—			156			418			574			114			1986		07/14		20
Plattsburgh, NY	—			127			421			—			—			127			421			548			92			1993		07/14		25
Romeoville, IL	—			158			557			—			—			158			557			715			101			1988		07/14		30
Worcester, MA	—			287			827			—			—			287			827			1,114			129			1988		07/14		35
Jin's Asian Cafe:
Sealy, TX	—			67			74			1			—			67			75			142			41			1982		03/99		40
Jo-Ann etc:
Corpus Christi, TX	—			818			896			71			—			818			967			1,785			609			1967		11/93		40
St. Peters, MO	—			1,741			5,406			1,233			—			1,741			6,639			8,380			2,272			2005		06/05	(g)	40
Joe Hudson's Collision Center:
Birmingham, AL	—			469			2,081			—			—			469			2,081			2,550			108			1987		09/18		25
Hampton Cove, AL	—			555			—			1,708			—			555			1,708			2,263			9			2019		03/19	(m)	(k)
Statesboro, GA	—			449			1,260			—			—			449			1,260			1,709			40			2001		03/19		25
Port Richey, FL	—			278			407			—			—			278			407			685			7			1971		07/19		25
Louisville, KY	—			677			1,747			—			—			677			1,747			2,424			3			1979		12/19		25
Just 4 Dogs Pet Salon:
Orlando, FL	—			37			101			6			—			37			107			144			35			2001		02/04		40

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Kangaroo Express:
Carthage, NC	—			485			354			—			—			485			354			839			118			1989		08/06		40
Sanford, NC	—			666			661			—			—			666			661			1,327			221			2000		08/06		40
Sanford, NC	—			1,638			1,371			—			—			1,638			1,371			3,009			458			2003		08/06		40
Siler City, NC	—			586			645			—			—			586			645			1,231			216			1998		08/06		40
West End, NC	—			426			516			—			—			397			516			913			173			1999		08/06		40
Belleview, FL	—			471			1,451			—			—			471			1,451			1,922			485			2006		08/06		40
Jacksonville Beach, FL	—			683			1,362			—			—			683			1,362			2,045			455			1969		08/06		40
Jacksonville, FL	—			807			1,239			—			—			807			1,239			2,046			414			1975		08/06		40
Destin, FL	—			1,366			1,192			—			—			1,366			1,192			2,558			396			2000		09/06		40
Niceville, FL	—			1,434			1,124			—			—			1,434			1,124			2,558			374			2000		09/06		40
Kill Devil Hills, NC	—			490			741			—			—			490			741			1,231			245			1995		10/06		40
Kill Devil Hills, NC	—			679			552			—			—			679			552			1,231			182			1990		10/06		40
Interlachen, FL	—			519			1,500			—			—			519			1,500			2,019			442			2007		10/06		40
Clarksville, TN	—			521			710			—			—			521			710			1,231			231			1999		12/06		40
Clarksville, TN	—			276			955			—			—			276			955			1,231			311			1999		12/06		40
Gallatin, TN (n)	—			474			757			—			—			474			757			1,231			246			1999		12/06		40
Midland City, AL	—			729			2,538			—			—			729			2,538			3,267			828			2006		12/06		40
Naples, FL	—			3,195			1,403			—			—			2,985			1,403			4,388			458			2001		12/06		40
Columbiana, AL	—			771			989			—			—			771			989			1,760			320			1982		01/07		40
Naples, FL	—			3,162			1,597			—			—			3,162			1,597			4,759			514			1995		02/07		40
Longs, SC	—			745			758			—			—			745			758			1,503			242			2001		03/07		40
Kentwood, LA	—			985			891			—			—			985			891			1,876			285			2001		03/07		40
Dothan, AL	—			774			1,886			—			—			774			1,886			2,660			603			2007		03/07		40
Naples, FL	—			2,412			1,589			—			—			2,412			1,589			4,001			502			2000		05/07		40
Cary, NC	—			1,314			2,125			—			—			1,314			2,125			3,439			657			2007		08/07		40
Havelock, NC	—			170			681			—			—			170			681			851			124			1962		07/14		30
KARM Home Store:
Knoxville, TN	—			467			735			—			—			467			735			1,202			385			1999		01/98	(f)	40
Kay Jeweler's:
Farmington, MO	—			654			—			962			—			654			962			1,616			53			2017		07/17	(m)	40

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Keg Steakhouse:
Lynnwood, WA	—			1,256			649			—			—			1,256			649			1,905			293			1992		12/01		40
Kent Kwik:
Midland, TX	—			126			3,181			—			—			126			3,181			3,307			90			1983		04/19		25
Odessa, TX	—			145			2,815			—			—			145			2,815			2,960			80			1976		04/19		25
KFC:
Fenton, MO	—			307			496			—			—			307			496			803			415			1985		07/92		33
Erie, PA	—			517			496			—			—			517			496			1,013			224			1996		12/01		40
Marysville, WA	—			647			546			—			—			647			546			1,193			246			1996		12/01		40
Evansville, IN	—			370			767			—			—			370			767			1,137			261			2004		05/06		40
Hampton, VA	—			251			1,173			—			—			251			1,173			1,424			279			2001		11/12		30
Mechanicsville, VA	—			482			422			—			—			394			422			816			120			1989		11/12		25
Newport News, VA	—			572			442			—			—			572			442			1,014			126			1986		11/12		25
Newport News, VA	—			582			392			—			—			582			392			974			112			1985		11/12		25
Newport News, VA	—			461			883			—			—			461			883			1,344			210			2001		11/12		30
Richmond, VA	—			452			452			—			—			452			452			904			129			1984		11/12		25
Richmond, VA	—			481			1,253			—			—			481			1,253			1,734			357			1990		11/12		25
Richmond, VA	—			532			472			—			—			532			472			1,004			134			1986		11/12		25
Richmond, VA	—			492			452			—			—			492			452			944			92			2003		11/12		35
Richmond, VA	—			552			532			—			—			552			532			1,084			152			1984		11/12		25
Virginia Beach, VA	—			402			482			—			—			402			482			884			137			1984		11/12		25
Ahoskie, NC	—			393			1,012			—			—			393			1,012			1,405			245			1988		12/13		25
Elizabeth City, NC	—			197			1,209			—			—			197			1,209			1,406			292			1988		12/13		25
Brownsville, TX	—			334			865			—			—			334			865			1,199			206			1990		01/14		25
Brownsville, TX	—			404			374			—			—			404			374			778			64			2003		01/14		35
Copperas Cove, TX	—			256			747			—			—			256			747			1,003			148			2001		01/14		30
Del Rio, TX	—			453			246			—			—			453			246			699			49			1995		01/14		30
Eagle Pass, TX	—			226			1,071			—			—			226			1,071			1,297			255			1992		01/14		25
Edinburg, TX	—			452			1,237			—			—			452			1,237			1,689			246			1996		01/14		30
Harker Heights, TX	—			275			1,218			—			—			275			1,218			1,493			207			2008		01/14		35
Harlingen, TX	—			128			1,708			—			—			128			1,708			1,836			407			1992		01/14		25
Jacksonville, TX	—			69			562			—			—			69			562			631			134			1985		01/14		25

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Killeen, TX	—			226			1,228			—			—			226			1,228			1,454			244			1993		01/14		30
Laredo, TX	—			265			1,580			—			—			265			1,580			1,845			314			1996		01/14		30
Marshall, TX	—			89			709			—			—			89			709			798			169			1985		01/14		25
McAllen, TX	—			491			1,051			—			—			491			1,051			1,542			250			1987		01/14		25
Mission, TX	—			137			1,404			—			—			137			1,404			1,541			279			1993		01/14		30
Palestine, TX	—			89			484			—			—			89			484			573			115			1996		01/14		25
Pharr, TX	—			167			581			—			—			167			581			748			115			1999		01/14		30
Rio Grande City, TX	—			256			394			—			—			256			394			650			67			2004		01/14		35
S Padre Island, TX	—			856			30			—			—			856			30			886			6			1994		01/14		30
San Benito, TX	—			177			503			—			—			177			503			680			100			1994		01/14		30
Temple, TX	—			246			1,188			—			—			246			1,188			1,434			283			1985		01/14		25
Tyler, TX	—			709			30			—			—			709			30			739			6			1994		01/14		30
Waco, TX	—			276			620			—			—			276			620			896			148			1984		01/14		25
Waco, TX	—			463			246			—			—			463			246			709			49			1993		01/14		30
Weslaco, TX	—			236			1,561			—			—			236			1,561			1,797			310			1995		01/14		30
Belton, MO	—			267			744			—			—			267			744			1,011			97			1987		06/15		35
Cameron, MO	—			229			1,143			—			—			229			1,143			1,372			173			1999		06/15		30
Columbia, MO	—			343			839			—			—			343			839			1,182			127			1987		06/15		30
Excelsior Springs, MO	—			286			1,219			—			—			286			1,219			1,505			221			1988		06/15		25
Ft Pierce, FL	—			363			487			—			—			363			487			850			74			1992		06/15		30
Ft Pierce, FL	—			591			695			—			—			591			695			1,286			105			2004		06/15		30
Lake Wales, FL	—			162			1,561			—			—			162			1,561			1,723			284			1986		06/15		25
Oak Grove, MO	—			209			1,323			—			—			209			1,323			1,532			200			2003		06/15		30
Port St Lucie, FL	—			695			857			—			—			695			857			1,552			130			1998		06/15		30
Port St Lucie, FL	—			723			1,740			—			—			723			1,740			2,463			226			2006		06/15		35
Sebastian, FL	—			409			1,123			—			—			409			1,123			1,532			170			2000		06/15		30
Vero Beach, FL	—			428			1,218			—			—			412			1,218			1,630			184			2004		06/15		30
Lisle, IL	—			499			1,314			—			—			499			1,314			1,813			188			2000		09/15		30
Lockport, IL	—			499			1,085			—			—			499			1,085			1,584			155			2007		09/15		30
Sandwich, IL	—			86			1,143			—			—			86			1,143			1,229			164			1999		09/15		30
Yorkville, IL	—			413			960			—			—			399			960			1,359			165			1972		09/15		25
Chillicothe, OH	—			327			1,818			—			—			327			1,818			2,145			63			2007		12/18		30
Circleville, OH	—			375			1,885			—			—			375			1,885			2,260			56			2008		12/18		35
Findlay, OH	—			337			1,645			—			—			337			1,645			1,982			57			2007		12/18		30

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Florence, KY	—			519			2,077			—			—			519			2,077			2,596			87			1985		12/18		25
Hillsboro, OH	—			87			2,077			—			—			87			2,077			2,164			72			1991		12/18		30
Marysville, OH	—			164			1,924			—			—			164			1,924			2,088			67			2007		12/18		30
New Boston, OH	—			96			2,183			—			—			96			2,183			2,279			76			1991		12/18		30
Taylor Mill, KY	—			269			1,645			—			—			269			1,645			1,914			43			1993		12/18		40
Wilmington, OH	—			48			1,877			—			—			48			1,877			1,925			78			1986		12/18		25
Jackson, OH	—			463			1,590			—			—			463			1,590			2,053			36			2017		03/19		35
Bedford, IN	—			196			664			—			—			196			664			860			1			1987		12/19		25
Chicopee, MA	—			205			1,407			—			—			205			1,407			1,612			2			1984		12/19		25
Jeffersonville, IN	—			75			1,048			—			—			75			1,048			1,123			1			1989		12/19		30
Louisville, KY	—			271			505			—			—			271			505			776			1			2004		12/19		30
Louisville, KY	—			261			971			—			—			261			971			1,232			2			1974		12/19		25
Louisville, KY	—			308			1,175			—			—			308			1,175			1,483			2			2005		12/19		30
Louisville, KY	—			187			1,073			—			—			187			1,073			1,260			2			1976		12/19		25
Madison, IN	—			140			1,027			—			—			140			1,027			1,167			2			1974		12/19		25
New Albany, IN	—			337			393			—			—			337			393			730			—			2007		12/19		35
New Albany, IN	—			401			672			—			—			401			672			1,073			1			1986		12/19		25
North Vernon, IN	—			112			683			—			—			112			683			795			1			1991		12/19		30
Washington, IN	—			56			1,055			—			—			56			1,055			1,111			2			1986		12/19		25
Kohl's:
Florence, AL	—			818			1,047			—			—			818			698			1,516			267			2006		06/04		40
Kroger:
Elkhart, IN	—			541			1,550			438			—			670			1,860			2,530			628			1979		07/14		15
Kum & Go:
Omaha, NE	—			393			214			—			—			393			214			607			156			1979		06/05		20
Kwik Pik:
Bear Creek, PA	—			191			230			—			—			191			230			421			165			1980		08/05		20
Bradford, PA	—			184			762			—			—			184			762			946			547			1983		08/05		20
Coraopolis, PA	—			476			347			—			—			476			347			823			250			1983		08/05		20
Bear Creek Township, PA	—			689			275			—			—			689			275			964			196			1980		09/05		20

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Beech Creek, PA	—			477			613			—			—			477			613			1,090			214			1988		01/06		40
Canisteo, NY	—			142			485			—			—			142			485			627			169			1983		01/06		40
Curwensville, PA	—			226			608			—			—			226			608			834			212			1983		01/06		40
Ellwood City, PA	—			196			526			—			—			196			526			722			184			1987		01/06		40
Hastings, PA	—			199			455			—			—			199			455			654			159			1989		01/06		40
Jersey Shore, PA	—			515			381			—			—			515			381			896			133			1960		01/06		40
Leeper, PA	—			286			644			—			—			286			644			930			225			1987		01/06		40
Lewisberry, PA	—			412			534			—			—			412			534			946			186			1988		01/06		40
Mercersburg, PA	—			672			746			—			—			672			746			1,418			260			1988		01/06		40
New Florence, PA	—			298			812			—			—			298			812			1,110			284			1989		01/06		40
Newstead, NY	—			255			835			—			—			255			835			1,090			292			1990		01/06		40
Philipsburg, PA	—			428			269			—			—			428			269			697			94			1978		01/06		40
Plainfield, PA	—			244			383			—			—			244			383			627			133			1988		01/06		40
Reynoldsville, PA	—			113			328			—			—			113			328			441			114			1983		01/06		40
Port Royal, PA	—			238			635			—			—			238			635			873			427			1989		07/06		20
LA Fitness:
Little Rock, AR	—			3,113			2,660			4,125			—			3,113			6,785			9,898			2,189			1997		09/98		40
Sarasota, FL	—			471			1,344			4,450			—			471			5,794			6,265			1,602			1983		03/99	(g)	40
Centerville, OH	—			2,700			—			8,572			—			2,700			8,572			11,272			2,259			2009		06/08	(m)	40
Warren, MI	—			2,360			—			6,674			—			2,360			6,674			9,034			1,800			2009		07/08	(m)	40
Cincinnati, OH	—			5,145			—			9,011			—			5,145			9,011			14,156			2,375			2009		08/08	(m)	40
Indianapolis, IN	—			1,599			—			5,867			—			1,762			5,870			7,632			1,376			2010		01/10	(m)	40
Laveen, AZ	—			1,665			—			5,749			—			1,665			5,749			7,414			1,323			2010		02/10	(m)	40
Kennesaw, GA	—			3,653			—			3,325			—			3,653			3,325			6,978			745			2011		07/10	(m)	40
Arlington, TX	—			1,166			6,214			—			—			1,166			6,214			7,380			1,591			2007		01/11		35
Hurst, TX	—			1,494			6,187			—			—			1,494			6,187			7,681			1,495			2008		07/11		35
South Plainfield, NJ	—			2,415			6,592			—			—			2,415			6,592			9,007			1,421			2006		06/12		35
McDonough, GA	—			1,503			6,727			—			—			1,503			6,727			8,230			1,402			2008		09/12		35
Greensburg, PA	—			1,791			7,015			—			—			1,791			7,015			8,806			1,235			2012		12/12		40
Indianapolis, IN	—			1,651			6,585			—			—			1,651			6,585			8,236			1,159			2012		12/12		40
Phoenix, AZ	—			1,601			6,540			—			—			1,601			6,540			8,141			1,151			2012		12/12		40
Tampa, FL	—			4,492			10,894			—			—			4,486			10,894			15,380			1,918			2012		12/12		40

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
West Dundee, IL	—			1,961			6,525			—			—			1,961			6,525			8,486			1,149			2012		12/12		40
Irving, TX	—			3,636			7,326			—			—			3,636			7,326			10,962			1,387			2006		05/13		35
Royal Oak, MI	—			3,238			8,998			—			—			3,238			8,998			12,236			1,617			2010		09/13		35
St. Louis Park, MN	—			3,436			8,665			42			—			3,478			8,665			12,143			1,500			2009		12/13		35
Pompano Beach, FL	—			7,009			—			9,572			—			7,009			9,572			16,581			951			2015		12/14	(m)	40
San Antonio, TX	—			2,084			—			7,157			—			2,081			7,157			9,238			693			2016		02/15	(m)	40
Antioch, CA	—			2,521			—			8,510			—			2,521			8,510			11,031			807			2016		06/15	(m)	40
Plymouth, MI	—			1,646			—			7,820			—			1,646			7,820			9,466			790			2015		06/15	(m)	40
Tacoma, WA	—			846			—			7,331			—			846			7,331			8,177			710			2016		07/15	(m)	40
Round Rock, TX	—			1,556			—			7,205			—			1,556			7,205			8,761			503			2017		04/16	(m)	40
Roswell, GA	—			3,175			—			8,726			—			3,175			8,726			11,901			554			2017		10/16	(m)	40
Cordova, TN	—			2,391			—			7,085			—			2,391			7,085			9,476			391			2017		12/16	(m)	40
Lakeland, FL	—			1,856			—			7,004			—			1,856			7,004			8,860			357			2017		12/16	(m)	40
Livonia, MI	—			2,729			—			8,116			—			2,729			8,116			10,845			313			2018		08/17	(m)	40
LaPetite Academy:
Albuquerque, NM	—			332			1,166			—			—			332			1,166			1,498			212			1989		07/14		30
Ft. Worth, TX	—			140			383			—			—			140			383			523			139			1981		07/14		15
Moore, OK	—			119			412			—			—			119			412			531			150			1982		07/14		15
Oklahoma City, OK	—			100			391			—			—			100			391			491			142			1982		07/14		15
Last Stop West:
Azle, TX	—			648			859			—			—			648			859			1,507			269			1970		06/07		40
Life Time Fitness:
Mt. Laurel, NJ	—			3,617			39,878			—			—			3,617			39,878			43,495			4,130			2015		05/16		35
Framingham, MA	—			8,860			37,806			—			—			8,860			37,806			46,666			3,032			2016		10/16		40
Gaithersburg, MD	—			8,344			45,286			—			—			8,344			45,286			53,630			3,632			2016		10/16		40
Lil' Champ:
Gainesville, FL	—			900			—			1,800			—			900			1,800			2,700			576			2006		07/05	(m)	40
Jacksonville, FL	—			2,225			3,265			—			—			2,225			3,265			5,490			946			2006		08/05		40
Ocala, FL	—			846			—			1,564			—			846			1,564			2,410			490			2006		02/06	(m)	40
Little Germany Restaurant:
Fort Worth, TX	—			392			314			22			—			392			336			728			209			1974		09/06		20
LoanMax:
Bridgeview, IL	—			673			744			—			—			673			744			1,417			336			1997		12/01		40
Logan's Roadhouse:
Alexandria, LA	—			1,218			3,049			—			—			1,218			3,049			4,267			1,000			1998		11/06		40
Beckley, WV	—			1,396			2,405			—			—			1,396			2,405			3,801			789			2006		11/06		40
Cookeville, TN	—			1,262			2,271			—			—			1,262			2,271			3,533			745			1997		11/06		40
Greenwood, IN	—			1,341			2,105			—			—			1,341			2,105			3,446			691			2000		11/06		40
Hurst, TX	—			1,858			1,916			—			—			1,858			1,916			3,774			629			1999		11/06		40
Jackson, TN	—			1,200			2,246			—			—			1,200			2,246			3,446			737			1994		11/06		40
Lake Charles, LA	—			1,285			2,202			—			—			1,285			2,202			3,487			723			1998		11/06		40
McAllen, TX	—			1,608			2,178			—			—			1,608			2,178			3,786			715			2005		11/06		40
Roanoke, VA	—			2,302			1,947			—			—			2,302			1,947			4,249			639			1998		11/06		40
Smyrna, TN	—			1,335			2,047			—			—			1,335			2,047			3,382			672			2002		11/06		40
Southhaven, MS	—			1,298			1,338			—			—			1,298			1,338			2,636			436			2005		12/06		40
Columbus, MS	—			707			—			1,681			—			707			1,681			2,388			352			2011		11/10	(m)	40
Nashville, TN	—			844			—			1,592			—			844			1,592			2,436			323			2011		06/11	(m)	40
Marion, IL	—			1,016			—			1,674			—			1,016			1,674			2,690			305			2012		03/12	(m)	40
Pooler, GA	—			1,159			—			1,720			—			1,159			1,720			2,879			296			2013		03/12	(m)	40
Cullman, AL	—			889			—			1,585			—			889			1,585			2,474			286			2012		04/12	(m)	40
Lebanon, TN	—			789			—			1,725			—			789			1,725			2,514			304			2012		06/12	(m)	40
Chester, VA	—			871			—			1,697			—			871			1,697			2,568			295			2013		07/12	(m)	40
Gonzales, LA	—			975			—			1,696			—			975			1,696			2,671			288			2013		10/12	(m)	40
Madison, AL	—			689			—			1,657			—			689			1,657			2,346			274			2013		11/12	(m)	40
Hopkinsville, KY	—			644			—			1,788			—			644			1,788			2,432			255			2014		09/13	(m)	40
Muscle Shoals, AL	—			907			—			1,506			—			907			1,506			2,413			190			2014		06/14	(m)	40
Lowe's:
Memphis, TN	—			3,215			9,170			120			—			3,311			9,194			12,505			4,046			2001		01/01		40
Magic China Café:
Orlando, FL	—			40			111			—			—			40			111			151			44			2001		02/04		40
Magic Mountain:
Columbus, OH	—			5,380			2,693			25			—			5,380			2,718			8,098			850			1990		06/07		40
Columbus, OH	—			2,076			1,906			124			—			2,076			2,030			4,106			624			1990		06/07		40
Main Event:
Oklahoma City, OK	—			2,004			8,711			—			—			2,004			8,711			10,715			989			2014		06/15		40
San Antonio, TX	—			2,115			10,080			—			—			2,115			10,080			12,195			1,308			2014		06/15		35
Tulsa, OK	—			1,542			7,748			—			—			1,542			7,748			9,290			880			2015		06/15		40
Fort Worth, TX	—			2,538			—			6,623			—			2,538			6,622			9,160			642			2016		12/15	(m)	40
Louisville, KY	—			2,504			—			6,375			—			2,504			6,375			8,879			604			2016		12/15	(m)	40
Independence, MO	—			1,794			7,650			—			—			1,794			7,650			9,444			773			2015		12/15		40
Memphis, TN	—			1,263			6,825			—			—			1,263			6,825			8,088			690			2015		12/15		40
Olathe, KS	—			3,174			—			6,704			—			3,174			6,704			9,878			538			2016		02/16	(m)	40
West Chester, OH	—			2,767			—			6,414			—			2,767			6,414			9,181			581			2016		02/16	(m)	40
Hoffman Estates, IL	—			1,730			—			8,022			—			1,730			8,022			9,752			677			2016		06/16	(m)	40
Suwanee, GA	—			1,787			—			6,736			—			1,787			6,736			8,523			512			2016		06/16	(m)	40
Albuquerque, NM	—			2,531			—			6,889			—			2,531			6,889			9,420			610			2016		06/16	(m)	40
Humble, TX	—			2,669			—			5,916			—			2,669			5,916			8,585			388			2017		10/16	(m)	40
Kansas City, MO	—			3,519			—			5,442			—			3,519			5,442			8,961			357			2017		10/16	(m)	40
Knoxville, TN	—			3,225			—			6,546			—			3,225			6,546			9,771			402			2017		12/16	(m)	40
Gilbert, AZ	—			2,348			—			6,281			—			2,348			6,281			8,629			412			2017		02/17	(m)	40
Highlands Ranch, CO	—			3,297			—			7,695			—			3,297			7,695			10,992			216			2018		07/17	(m)	40
Avon, OH	—			2,760			—			6,981			—			2,760			6,981			9,741			269			2018		07/17	(m)	40
Mattress Firm:
Buford, GA	—			635			1,635			465			—			635			2,100			2,735			735			2003		07/04	(g)	40
Lancaster, OH	—			600			—			793			—			600			671			1,271			140			2012		01/08	(g)	40
Plainfield, IN	—			379			—			1,267			—			379			1,267			1,646			170			2014		01/14	(m)	40
Fayetteville, AR	—			891			2,229			—			—			891			2,229			3,120			437			1998		02/14		30
Pocatello, ID	—			268			—			1,505			—			268			1,505			1,773			190			2014		09/14	(m)	40
South Jordan, UT	—			719			—			1,572			—			716			1,572			2,288			188			2015		11/14	(m)	40
Kentwood, MI	—			593			1,531			—			—			593			1,531			2,124			180			2015		04/15		40
Muncie, IN	—			288			1,537			—			—			288			1,537			1,825			207			2015		04/15		35
Sandusky, OH	—			518			1,409			—			—			518			1,409			1,927			160			2015		06/15		40
Fort Collins, CO	—			757			—			1,301			—			757			1,301			2,058			134			2015		07/15	(m)	40
Wooster, OH	—			332			1,334			—			—			332			1,334			1,666			110			2016		09/16		40
Mavis Tire Supply (Auto Spot):
Jacksonville, FL	—			678			1,539			—			—			678			1,539			2,217			79			2012		03/18		35
Jacksonville, FL	—			641			1,356			—			—			641			1,356			1,997			81			2003		03/18		30
Mavis Tire Supply (DeKalb Tire):
Cumming, GA	—			587			1,422			—			—			587			1,422			2,009			73			2002		06/18		30
Mavis Tire Supply (Kauffman Tire):
Alpharetta, GA	—			679			1,119			—			—			679			1,119			1,798			73			2007		01/18		30
Alpharetta, GA	—			707			872			—			—			707			872			1,579			57			1998		01/18		30
Alpharetta, GA	—			513			1,714			—			—			513			1,714			2,227			112			1998		01/18		30
Athens, GA	—			807			1,009			—			—			807			1,009			1,816			56			2014		01/18		35
Bradenton, FL	—			696			2,409			—			—			696			2,409			3,105			157			2011		01/18		30
Covington, GA	—			587			1,615			—			—			587			1,615			2,202			105			2011		01/18		30
Cumming, GA	—			696			2,445			—			—			696			2,445			3,141			160			1998		01/18		30
Douglasville, GA	—			458			2,226			—			—			458			2,226			2,684			145			2002		01/18		30
Hiram, GA	—			696			2,317			—			—			696			2,317			3,013			130			2012		01/18		35
Kennesaw, GA	—			1,027			1,953			—			—			1,005			1,953			2,958			128			2010		01/18		30
Lawrenceville, GA	—			404			2,073			—			—			404			2,073			2,477			162			1995		01/18		25
Lawrenceville, GA	—			724			1,668			—			—			724			1,668			2,392			109			2002		01/18		30
Lilburn, GA	—			642			1,329			—			—			642			1,329			1,971			87			2010		01/18		30
Loganville, GA	—			623			1,668			—			—			623			1,668			2,291			109			2006		01/18		30
Marietta, GA	—			596			1,018			—			—			596			1,018			1,614			66			2006		01/18		30
McDonough, GA	—			743			1,128			—			—			743			1,128			1,871			74			2007		01/18		30
New Port Richey, FL	—			404			2,339			—			—			404			2,339			2,743			153			2005		01/18		30
Stockbridge, GA	—			587			1,549			—			—			587			1,549			2,136			101			2007		01/18		30
Valdosta, GA	—			395			1,643			—			—			395			1,643			2,038			92			2014		01/18		35
Brunswick, GA	—			725			2,109			—			—			725			2,109			2,834			93			2017		06/18		35
Canton, GA	—			358			2,293			—			—			358			2,293			2,651			118			2012		06/18		30
Cordele, GA	—			486			1,762			—			—			486			1,762			2,248			78			2014		06/18		35
Midland, GA	—			871			1,972			—			—			871			1,972			2,843			87			2016		06/18		35
Mavis Tire Supply (Mavis Discount Tire):
N. Plainfield, NJ	—			746			1,548			—			—			746			1,548			2,294			126			1974		12/17		25
Raritan, NJ	—			703			983			—			—			703			983			1,686			80			1965		12/17		25
Coram, NY	—			220			—			1,183			—			220			1,183			1,403			41			1984		07/18	(o)	30
Clearwater, FL	—			175			849			—			—			175			849			1,024			38			1973		11/18		25
Dunedin, FL	—			332			1,087			—			—			332			1,087			1,419			35			1991		01/19		30
Buford, GA	—			459			1,513			—			—			459			1,513			1,972			41			2002		04/19		25
Rincon, GA	—			379			795			—			—			379			795			1,174			19			1991		04/19		25
Dallas, GA	—			267			1,555			—			—			267			1,555			1,822			31			2011		05/19		30
Concord, NC	—			700			—			—			—			700			(e)			700			(e)			(e)		06/19	(m)	(e)
Batesburg, SC	—			218			871			—			—			218			871			1,089			16			1986		07/19		25
Yulee, FL	—			881			—			—			—			881			(e)			881			(e)			(e)		08/19	(m)	(e)
Walkertown, NC	—			663			—			—			—			663			(e)			663			(e)			(e)		08/19	(m)	(e)
Hickory, NC	—			831			—			—			—			831			(e)			831			(e)			(e)		08/19	(m)	(e)
Oldsmar, FL	—			319			1,645			—			—			319			1,645			1,964			19			1999		09/19		25
Spring Hill, FL	—			773			—			—			—			773			(e)			773			(e)			(e)		11/19	(m)	(e)
West Hempstead, NY	—			461			1,648			—			—			461			1,648			2,109			8			1984		11/19		25
Mavis Tire Supply (Sun Tire):
Jacksonville, FL	—			697			1,403			—			—			697			1,403			2,100			72			2012		03/18		35
Jacksonville, FL	—			367			1,174			—			—			367			1,174			1,541			70			1995		03/18		30
Jacksonville, FL	—			239			982			—			—			239			982			1,221			70			1985		03/18		25
Jacksonville, FL	—			339			1,449			—			—			339			1,449			1,788			104			1983		03/18		25
Jacksonville, FL	—			450			772			—			—			450			772			1,222			55			1987		03/18		25
Jacksonville, FL	—			276			1,139			—			—			276			1,139			1,415			82			1977		03/18		25
Middleburg, FL	—			661			752			—			—			661			752			1,413			45			2003		03/18		30

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				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Orange Park, FL	—			294			1,340			—			—			294			1,340			1,634			96			1981		03/18		25
Orange Park, FL	—			395			827			—			—			395			827			1,222			49			1990		03/18		30
Tallahassee, FL	—			294			1,340			—			—			294			1,340			1,634			96			1989		03/18		25
Tallahassee, FL	—			220			1,412			—			—			220			1,412			1,632			84			1997		03/18		30
MedExpress Urgent Care:
Fairmont, WV	—			245			1,859			—			—			245			1,859			2,104			405			2011		05/12		35
Hanover, PA	—			533			1,521			—			—			533			1,521			2,054			331			2011		05/12		35
Hermitage, PA	—			445			2,108			—			—			445			2,108			2,553			459			2011		05/12		35
Latrobe, PA	—			681			1,511			—			—			681			1,511			2,192			329			2011		05/12		35
Mt. Pleasant, PA	—			593			1,482			—			—			593			1,482			2,075			323			2011		05/12		35
Pittsburgh, PA	—			227			1,936			—			—			227			1,936			2,163			492			1970		05/12		30
Martinsburg, WV	—			917			—			650			—			917			650			1,567			102			2013		12/12	(m)	40
Wheeling, WV	—			485			1,232			—			—			485			1,232			1,717			279			1989		03/13		30
Huntington, WV	—			990			—			735			—			1,017			735			1,752			114			2013		08/13	(m)	40
Anderson, IN	—			777			—			661			—			777			661			1,438			100			2013		08/13	(m)	40
Terre Haute, IN	—			144			1,616			—			—			144			1,616			1,760			343			1991		08/13		30
Benton, AR	—			376			1,125			—			—			376			1,125			1,501			125			2015		07/15		40
Connellsville, PA	—			162			1,172			—			—			162			1,172			1,334			131			2015		07/15		40
Rogers, AR	—			435			1,168			—			—			435			1,168			1,603			130			2015		07/15		40
Russellville, AR	—			247			1,098			—			—			247			1,098			1,345			140			2015		07/15		35
Hot Springs, AR	—			440			1,155			—			—			440			1,155			1,595			126			2015		08/15		40
Salina, KS	—			321			1,315			—			—			321			1,315			1,636			161			1999		09/15		35
Lehigh Acres, FL	—			459			—			2,151			—			459			2,151			2,610			333			2016		10/15	(m)	25
North Little Rock, AR	—			489			1,137			—			—			489			1,137			1,626			112			2015		01/16		40
Little Rock, AR	—			858			1,806			—			—			858			1,806			2,664			179			2016		01/16		40
Swansea, IL	—			236			1,292			—			—			236			1,292			1,528			153			1997		06/16		30
Derby, KS	—			442			—			—			—			442			(i)			442			(i)			(i)		07/16		(i)
Alton, IL	—			376			1,397			—			—			376			1,397			1,773			121			2016		07/16		40
Pine Bluff, AR	—			478			—			—			—			478			(i)			478			(i)			(i)		07/16		(i)
Collinsville, IL	—			304			—			—			—			304			(i)			304			(i)			(i)		08/16		(i)
Wichita, KS	—			482			—			—			—			482			(i)			482			(i)			(i)		08/16		(i)
Wichita, KS	—			213			—			—			—			213			(i)			213			(i)			(i)		08/16		(i)
Quakertown, PA	—			658			—			—			—			658			(i)			658			(i)			(i)		08/16		(i)

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Fort Myers, FL	—			1,522			—			—			—			1,522			(i)			1,522			(i)			(i)		09/16		(i)
Grand Rapids, MI	—			435			—			—			—			435			(i)			435			(i)			(i)		10/16		(i)
Naples, FL	—			689			—			—			—			689			(i)			689			(i)			(i)		10/16		(i)
Duluth, MN	—			535			—			—			—			535			(i)			535			(i)			(i)		12/16		(i)
Hadley, MA	—			866			—			—			—			866			(i)			866			(i)			(i)		05/17		(i)
Richmond, VA	—			734			—			—			—			734			(i)			734			(i)			(i)		05/17		(i)
Bemidji, MN	—			475			—			—			—			475			(i)			475			(i)			(i)		06/17		(i)
Hagerstown, MD	—			850			—			—			—			850			(i)			850			(i)			(i)		07/17		(i)
Rochester, MN	—			751			—			—			—			751			(i)			751			(i)			(i)		08/17		(i)
Jenison, MI	—			271			—			—			—			271			(i)			271			(i)			(i)		08/17		(i)
Michaels:
Fairfax, VA	—			534			773			1,483			—			992			2,256			3,248			1,059			1995		12/95		40
Altamonte Springs, FL	—			1,947			3,267			1,198			—			1,947			3,370			5,317			1,067			1997		09/97		26
Plymouth Meeting, PA	—			2,911			2,595			165			—			2,911			2,760			5,671			1,314			1999		10/98	(g)	40
Florissant, MO	—			523			617			1,784			—			524			2,399			2,923			677			1996		04/03	(g)	40
Miller's Ale House:
Franklin, TN	—			2,519			1,705			—			—			2,519			1,705			4,224			556			1995		12/06		40
Pensacola, FL	—			1,363			1,842			—			—			1,363			1,842			3,205			458			2008		04/11		35
Oviedo, FL	—			113			—			3,785			—			113			3,785			3,898			682			2012		10/11	(m)	40
Norridge, IL	—			2,482			—			—			—			2,482			(i)			2,482			(i)			(i)		05/18		(i)
Mimi's:
Tampa, FL (n)	—			688			2,357			—			—			688			2,357			3,045			462			2003		02/14		30
Mister Car Wash:
Anoka, MN	—			212			214			—			—			212			214			426			182			1968		03/07		15
Brooklyn Park, MN	—			438			778			—			—			438			778			1,216			396			1985		04/07		25
Cedar Rapids, IA	—			391			816			—			—			391			816			1,207			415			1989		04/07		25
Clive, IA	—			1,141			935			—			—			1,141			935			2,076			594			1983		04/07		20
Cottage Grove, MN	—			274			485			—			—			274			485			759			246			1992		04/07		25
Des Moines, IA	—			213			476			—			—			182			476			658			302			1964		04/07		20
Des Moines, IA	—			249			596			—			—			249			596			845			252			1990		04/07		30

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Eden Prairie, MN	—			865			751			—			—			865			751			1,616			477			1984		04/07		20
Edina, MN	—			894			687			—			—			894			687			1,581			436			1985		04/07		20
Houston, TX	—			1,960			1,145			—			—			1,960			1,145			3,105			582			1983		04/07		25
Houston, TX	—			3,193			1,305			—			—			3,193			1,305			4,498			474			1995		04/07		35
Houston, TX	—			796			678			—			—			796			678			1,474			345			1986		04/07		25
Houston, TX	—			624			1,108			—			—			624			1,108			1,732			469			1988		04/07		30
Houston, TX	—			5,126			1,267			—			—			5,126			1,267			6,393			460			1995		04/07		35
Houston, TX	—			1,846			1,592			—			—			1,846			1,592			3,438			809			1983		04/07		25
Houston, TX	—			1,347			1,702			—			—			1,347			1,702			3,049			721			1984		04/07		30
Houston, TX	—			288			466			—			—			288			466			754			395			1970		04/07		15
Humble, TX	—			1,204			1,517			—			—			1,204			1,517			2,721			551			1993		04/07		35
Plymouth, MN	—			827			182			—			—			767			182			949			182			1955		04/07		10
Roseville, MN	—			861			564			—			—			861			564			1,425			358			1963		04/07		20
Spokane, WA	—			1,253			1,146			—			—			1,253			1,146			2,399			416			1997		04/07		35
Spokane, WA	—			214			580			—			—			214			580			794			246			1990		04/07		30
St. Cloud, MN	—			243			391			—			—			242			391			633			249			1986		04/07		20
Sugarland, TX	—			3,789			1,972			—			—			3,789			1,972			5,761			716			1995		04/07		35
West St Paul, MN	—			836			236			—			—			794			236			1,030			150			1972		04/07		20
Rochester, MN	—			1,055			2,327			—			—			1,055			2,327			3,382			710			2003		10/07		40
Birmingham, AL	—			2,378			2,145			—			—			2,378			2,145			4,523			867			1985		11/07		30
Clearwater, FL	—			825			765			—			—			825			765			1,590			371			1969		11/07		25
Mesquite, TX	—			1,596			2,201			—			—			1,596			2,201			3,797			1,068			1987		11/07		25
Seminole, FL	—			2,166			1,496			—			—			2,166			1,496			3,662			605			1985		11/07		30
Tampa, FL	—			2,993			1,669			—			—			2,993			1,669			4,662			809			1969		11/07		25
Vestavia Hills, AL	—			1,009			956			—			—			1,009			956			1,965			464			1967		11/07		25
El Paso, TX	—			1,807			2,287			—			—			1,807			2,287			4,094			689			1983		12/07		40
El Paso, TX	—			1,424			1,306			—			—			1,424			1,306			2,730			524			1986		12/07		30
El Paso, TX	—			664			824			—			—			664			824			1,488			248			1991		12/07		40
El Paso, TX	—			1,399			1,468			—			—			1,399			1,468			2,867			442			1991		12/07		40
El Paso, TX	—			988			1,046			—			—			988			1,046			2,034			315			1998		12/07		40
Tampa, FL	—			541			829			—			—			541			829			1,370			322			1978		04/10		25
Springfield, MO	—			642			1,767			—			—			642			1,767			2,409			498			1979		07/11		30
Springfield, MO	—			1,188			2,817			—			—			1,188			2,817			4,005			681			2000		07/11		35
Springfield, MO	—			1,064			2,109			—			—			1,064			2,109			3,173			595			1990		07/11		30

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Missouri City, TX	—			549			1,553			—			—			549			1,553			2,102			361			2004		11/11		35
Bountiful, UT	—			484			292			—			—			484			292			776			78			1995		01/12		30
Salt Lake City, UT	—			522			1,806			—			—			522			1,806			2,328			479			1993		01/12		30
Tucson, AZ	—			742			2,226			—			—			742			2,226			2,968			590			2000		01/12		30
Tucson, AZ	—			946			2,566			—			—			946			2,566			3,512			681			2003		01/12		30
Tucson, AZ	—			493			345			—			—			493			345			838			78			2007		01/12		35
Cedar Park, TX	—			794			1,316			—			—			794			1,316			2,110			290			2009		04/12		35
Spokane Valley, WA	—			454			857			—			—			454			857			1,311			189			2005		04/12		35
Salt Lake City, UT	—			781			2,303			—			—			781			2,303			3,084			491			2009		07/12		35
College Park, GA	—			322			1,056			—			—			322			1,056			1,378			220			2008		09/12		35
Griffin, GA	—			401			2,897			—			—			401			2,897			3,298			603			2007		09/12		35
Hampton, GA	—			421			1,996			—			—			421			1,996			2,417			416			2006		09/12		35
Lilburn, GA	—			381			2,426			—			—			381			2,426			2,807			505			2007		09/12		35
Oxford, AL	—			301			3,607			—			—			301			3,607			3,908			751			2008		09/12		35
Clermont, FL	—			783			2,328			—			—			783			2,328			3,111			479			2006		10/12		35
Springfield, MO	—			474			736			—			—			474			736			1,210			178			2006		10/12		30
Abilene, TX	—			641			3,093			—			—			641			3,093			3,734			630			2006		11/12		35
Abilene, TX	—			101			426			—			—			101			426			527			87			2009		11/12		35
Lubbock, TX	—			350			2,984			—			—			350			2,984			3,334			607			2007		11/12		35
Lubbock, TX	—			411			2,534			—			—			411			2,534			2,945			602			2003		11/12		30
Lubbock, TX	—			400			3,403			—			—			400			3,403			3,803			693			2004		11/12		35
Ephrata, PA	—			241			2,797			—			—			241			2,797			3,038			788			1987		12/12		25
Lancaster, PA	—			920			7,894			—			—			920			7,894			8,814			1,853			1999		12/12		30
Sinking Spring, PA	—			1,251			4,735			—			—			1,251			4,735			5,986			1,111			2005		12/12		30
York, PA	—			591			4,605			—			—			591			4,605			5,196			1,081			1995		12/12		30
Atlanta, GA	—			1,633			5,378			—			—			1,633			5,378			7,011			1,262			1998		12/12		30
Atlanta, GA	—			1,773			4,528			—			—			1,773			4,528			6,301			911			2003		12/12		35
Urbandale, IA	—			485			374			—			—			485			374			859			84			1990		04/13		30
Houston, TX	—			551			2,967			—			—			551			2,967			3,518			776			1980		06/13		25
Houston, TX	—			542			1,876			—			—			542			1,876			2,418			351			2012		06/13		35
Houston, TX	—			752			1,736			—			—			752			1,736			2,488			324			2005		06/13		35
Houston, TX	—			1,573			2,315			—			—			1,573			2,315			3,888			433			2006		06/13		35
Houston, TX	—			713			964			—			—			713			964			1,677			180			2005		06/13		35
Humble, TX	—			611			3,327			—			—			611			3,327			3,938			622			2006		06/13		35

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Katy, TX	—			421			2,157			—			—			421			2,157			2,578			470			2002		06/13		30
Spring, TX	—			652			2,627			—			—			652			2,627			3,279			491			2006		06/13		35
Tucson, AZ	—			654			1,357			—			—			654			1,357			2,011			285			1986		09/13		30
Rochester, MN	—			396			264			—			—			396			264			660			52			1987		02/14		30
Tucson, AZ	—			988			272			—			—			988			272			1,260			53			1987		02/14		30
Brooklyn Park, MN	—			287			394			—			—			265			394			659			48			2011		09/15		35
Lake Mary, FL	—			692			3,518			—			—			692			3,518			4,210			493			1997		10/15		30
Melbourne, FL	—			1,262			4,348			—			—			1,262			4,348			5,610			523			2009		10/15		35
Sanford, FL	—			1,322			3,887			—			—			1,322			3,887			5,209			467			2008		10/15		35
Tampa, FL	—			630			2,879			—			—			630			2,879			3,509			324			1991		08/16		30
Clermont, FL	—			1,550			2,460			—			—			1,550			2,460			4,010			231			2013		09/16		35
Lakeland, FL	—			446			3,064			—			—			446			3,064			3,510			383			1979		11/16		25
Comstock Park, MI	—			1,151			3,860			—			—			1,151			3,860			5,011			444			1978		02/17		25
Grand Rapids, MI	—			494			3,513			189			—			683			3,513			4,196			289			2013		02/17		35
Grand Rapids, MI	—			426			2,180			—			—			426			2,180			2,606			251			1963		02/17		25
Grand Rapids, MI	—			416			3,590			—			—			416			3,590			4,006			344			2006		02/17		30
Grand Rapids, MI	—			455			1,958			—			—			455			1,958			2,413			225			1963		02/17		25
Wyoming, MI	—			928			5,077			—			—			928			5,077			6,005			584			1965		02/17		25
Columbia Heights, MN	—			96			252			—			—			96			252			348			24			1961		02/18		20
Madison, TN	—			669			51			—			—			669			51			720			3			1988		06/18		25
Colorado Springs, CO	—			295			2,118			—			—			295			2,118			2,413			73			2013		10/18		35
Atwater, CA	—			809			4,198			—			—			809			4,198			5,007			125			2008		12/18		35
Ceres, CA	—			347			4,160			—			—			347			4,160			4,507			173			1994		12/18		25
Los Banos, CA	—			712			4,294			—			—			712			4,294			5,006			112			2018		12/18		40
Manteca, CA	—			501			4,506			—			—			501			4,506			5,007			134			2016		12/18		35
Merced, CA	—			347			4,660			—			—			347			4,660			5,007			162			1998		12/18		30
Modesto, CA	—			741			3,765			—			—			741			3,765			4,506			131			2002		12/18		30
Modesto, CA	—			674			3,332			—			—			674			3,332			4,006			116			1991		12/18		30
Patterson, CA	—			741			4,265			—			—			741			4,265			5,006			127			2017		12/18		35
Tracy, CA	—			761			4,246			—			—			761			4,246			5,007			126			2013		12/18		35
Deltona, FL	—			481			3,027			—			—			481			3,027			3,508			71			2010		04/19		30
Titusville, FL	—			575			3,931			—			—			575			3,931			4,506			80			2002		04/19		35
Merced, CA	—			1,070			2,939			—			—			1,070			2,939			4,009			45			2018		06/19		35
Delano, CA	—			564			3,687			—			—			564			3,687			4,251			22			2016		10/19		35

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Dinuba, CA	—			593			3,414			—			—			593			3,414			4,007			20			2010		10/19		35
Hanford, CA	—			329			3,678			—			—			329			3,678			4,007			22			2011		10/19		35
Hanford, CA	—			404			3,847			—			—			404			3,847			4,251			23			2015		10/19		35
Porterville, CA	—			517			3,490			—			—			517			3,490			4,007			21			2016		10/19		35
Porterville, CA	—			433			3,574			—			—			433			3,574			4,007			21			2011		10/19		35
Tulare, CA	—			640			3,367			—			—			640			3,367			4,007			20			2015		10/19		35
Motor Trend:
Orlando, FL	—			820			2,441			125			—			820			2,566			3,386			1,609			1992		05/93		40
Movie Tavern Theatre:
Covington, LA	—			1,081			6,779			—			—			1,081			6,779			7,860			1,196			1993		09/14		30
Baton Rouge, LA	—			1,497			—			10,888			—			1,497			10,888			12,385			1,225			1993		11/14	(o)	40
Allentown, PA	—			3,610			—			10,921			—			3,610			10,921			14,531			375			2018		06/17	(m)	40
Muchas Gracias Mexican Restaurant:
Salem, OR	—			556			736			—			—			556			736			1,292			332			1996		12/01		40
Murphy Oil:
Arlington, TX	—			2,079			—			1,397			—			2,079			(i)			2,079			(i)			(i)		11/97		(i)
Fort Worth, TX	—			1,652			2,018			—			—			1,652			(i)			1,652			(i)			(i)		02/05		(i)
Natural Grocers:
Coeur D'Alene, ID	—			2,172			—			2,778			—			2,172			2,778			4,950			402			2014		08/13	(m)	40
Flagstaff, AZ	2,551		(j)	831			4,079			—			—			831			4,079			4,910			597			2012		11/14		35
Helena, MT	2,237		(j)	1,079			3,062			—			—			1,079			3,062			4,141			448			2012		11/14		35
Missoula, MT	1,992		(j)	929			3,222			—			—			929			3,222			4,151			472			2012		11/14		35
Sedona, AZ	2,344		(j)	1,064			3,211			—			—			1,064			3,211			4,275			470			2012		11/14		35
Steamboat Springs, CO	2,713		(j)	1,512			3,447			—			—			1,512			3,447			4,959			505			2012		11/14		35
Independence, MO	—			912			5,002			—			—			912			5,002			5,914			841			2002		12/14		30
Oklahoma City, OK	—			1,190			3,275			—			—			1,190			2,456			3,646			20			2015		01/16		35
Vancouver, WA	—			1,639			—			4,338			—			1,639			4,338			5,977			330			2016		06/16	(m)	40
South Jordan, UT	—			1,460			—			4,039			—			1,460			4,039			5,499			299			2016		08/16	(m)	40

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Nebraskaland Tire:
Park City, KS	—			214			687			—			—			214			687			901			499			1989		06/05		20
New Vision Theatre:
Montgomery, AL	—			1,686			11,156			—			—			1,686			11,156			12,842			1,476			2014		09/14		40
Nitlantika:
Hollywood, FL	—			383			88			73			—			234			36			270			7			1960		12/05		15
Northern Tool:
Beaumont, TX	—			483			831			1,207			—			483			2,038			2,521			597			1992		03/99		40
Asheville, NC	—			519			2,998			—			—			519			2,998			3,517			653			2007		05/12		35
Spartanburg, SC	—			654			3,174			—			—			654			3,174			3,828			560			2007		09/14		30
NTB Tire and Service Centers:
Hampton, VA	—			180			427			—			—			180			427			607			158			1986		03/05		40
Newport News, VA	—			234			259			—			—			234			259			493			96			1986		03/05		40
Norfolk, VA	—			398			508			—			—			398			508			906			188			1986		03/05		40
Rockville, MD	—			1,030			306			—			—			1,016			306			1,322			113			1974		03/05		40
Washington, DC (n)	—			624			578			—			—			624			578			1,202			214			1983		03/05		40
Office Depot:
Gastonia, NC	—			1,554			2,367			1,019			—			1,554			3,386			4,940			1,125			2004		12/04		40
OfficeMax:
Cincinnati, OH	—			543			1,575			—			—			543			1,575			2,118			1,003			1994		07/94		40
Evanston, IL	—			1,868			1,758			—			—			1,868			1,758			3,626			1,079			1995		06/95		40
Salinas, CA	—			1,353			1,829			—			—			1,353			1,829			3,182			1,046			1995		02/97		40
Lynchburg, VA	—			562			—			1,851			—			562			1,851			2,413			985			1998		02/98	(m)	40
Griffin, GA	—			685			—			1,802			—			685			1,802			2,487			933			1999		11/98	(g)	40
Weatherford, TX	—			548			2,436			—			—			548			2,436			2,984			430			1999		09/14		30
Old Chicago:
Garland, TX	—			895			—			1,085			—			888			1,085			1,973			124			2016		01/16	(m)	30

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Ollie's Bargain Outlet:
Sarasota, FL	—			1,428			1,703			1,104			—			1,428			2,807			4,235			772			1988		09/97		40
Baltimore, MD	—			2,595			4,156			—			—			2,595			4,156			6,751			104			1982		05/19		25
Cuyahoga Falls, OH	—			1,191			2,169			—			—			1,191			2,169			3,360			54			1986		05/19		25
Dublin, OH	—			1,208			2,741			—			—			1,208			2,741			3,949			69			1988		05/19		25
Hoover, AL	—			1,853			316			—			—			1,853			316			2,169			8			1989		05/19		25
Lafayette, LA	—			1,751			987			—			—			1,751			987			2,738			25			1990		05/19		25
Lewisville, TX	—			2,286			1,504			—			—			2,286			1,504			3,790			31			1990		05/19		30
Media, PA	—			2,525			2,230			—			—			2,525			2,230			4,755			56			1984		05/19		25
Memphis, TN	—			1,937			3,641			—			—			1,937			3,641			5,578			76			1996		05/19		30
Merrillville, IN	—			1,354			560			—			—			1,354			560			1,914			12			2001		05/19		30
Pennsdale, PA	—			874			1,008			—			—			874			1,008			1,882			25			1994		05/19		25
Sterling, VA	—			3,074			794			—			—			3,074			794			3,868			17			2001		05/19		30
Winchester, VA	—			1,961			705			—			—			1,961			705			2,666			15			1994		05/19		30
Roanoke, VA	—			1,739			—			—			—			1,739			(i)			1,739			(i)			(i)		12/19		(i)
Orchard Supply Hardware:
Pismo Beach, CA	—			2,436			1,997			2,339			—			2,436			4,336			6,772			1,329			1989		12/11	(o)	25
San Jose, CA	—			4,092			4,279			3,307			—			4,092			7,586			11,678			2,347			1982		12/11	(o)	25
San Jose, CA (n)	—			6,406			2,457			3,374			—			6,406			5,831			12,237			1,780			1982		12/11	(o)	25
Chico, CA (n)	—			1,782			4,563			746			—			1,782			5,308			7,090			1,297			2002		07/12	(o)	30
Clovis, CA	—			1,226			1,426			151			—			1,226			1,577			2,803			467			1982		07/12	(o)	25
Pinole, CA (n)	—			2,784			5,195			—			—			2,784			5,195			7,979			1,550			1987		07/12	(o)	25
San Jose, CA	—			3,370			2,517			—			—			3,370			2,517			5,887			751			1965		07/12		25
Oregano's Pizza Bistro:
Fort Collins, CO	—			390			895			367			—			390			1,262			1,652			284			1995		02/11		30
Outback:
Cheyenne, WY	—			672			2,502			—			—			672			2,502			3,174			650			2001		03/12		30
Conroe, TX	—			524			583			—			—			524			583			1,107			182			1992		03/12		25
Copley Township, OH	—			753			2,407			—			—			753			2,407			3,160			750			1993		03/12		25
Coraopolis, PA	—			487			2,326			—			—			487			2,326			2,813			604			1998		03/12		30
Denver, CO	—			850			1,305			—			—			850			1,305			2,155			291			2003		03/12		35

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Knoxville, TN	—			753			1,852			—			—			753			1,852			2,605			412			2004		03/12		35
Largo, MD	—			1,738			2,227			—			—			1,738			2,227			3,965			578			2001		03/12		30
Lufkin, TX	—			514			1,147			—			—			514			1,147			1,661			298			1999		03/12		30
Mechanicsville, VA	—			674			2,328			—			—			674			2,328			3,002			605			2002		03/12		30
Mt. Pleasant, SC	—			713			1,466			—			—			713			1,466			2,179			381			1999		03/12		30
Phoenix, AZ	—			821			2,284			—			—			821			2,284			3,105			593			2002		03/12		30
Shreveport, LA	—			633			3,105			—			—			633			3,105			3,738			968			1994		03/12		25
Smithfield, NC	—			772			2,345			—			—			772			2,345			3,117			522			2004		03/12		35
Stockbridge, GA	—			910			1,988			—			—			910			1,988			2,898			516			2001		03/12		30
Troy, OH	—			456			1,575			—			—			456			1,575			2,031			351			2004		03/12		35
Venice, FL	—			833			2,529			—			—			833			2,529			3,362			657			2001		03/12		30
Warrenton, VA	—			1,833			2,021			—			—			1,833			2,021			3,854			525			2001		03/12		30
Wheaton, IL	—			901			654			—			—			901			654			1,555			204			1994		03/12		25
Fultondale, AL	—			765			2,097			—			—			765			2,097			2,862			358			1998		11/14		30
Palais Royale:
Sealy, TX	—			457			504			1,778			—			462			2,282			2,744			805			1982		03/99		40
Panda Express:
Florissant, MO	—			50			59			170			—			50			228			278			67			2012		04/03	(g)	40
Patient First:
Richmond, VA	—			270			1,545			—			—			270			1,545			1,815			444			1988		05/11		30
York, PA	—			772			2,995			—			—			772			2,995			3,767			633			2011		07/11		40
Mechanicsburg, PA	—			933			3,401			—			—			933			3,401			4,334			670			2011		02/12		40
Chesapeake, VA	—			598			2,161			—			—			598			2,161			2,759			201			1998		03/17		30
Virginia Beach, VA	—			550			2,160			—			—			550			2,160			2,710			201			1998		03/17		30
Patriot Fuels:
Vinita, OK	—			72			368			—			—			72			368			440			191			1972		07/09		20
Pawn America:
Fridley, MN	—			1,013			4,465			—			—			1,013			4,465			5,478			1,048			1978		12/12		30
Mankato, MN	—			449			—			1,705			—			449			1,705			2,154			261			2013		03/13	(m)	40

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
PDQ:
Altamonte Springs, FL	—			553			997			486			—			1,039			(i)			1,039			(i)			(i)		01/96		(i)
Pep Boys:
Chicago, IL	—			1,077			3,756			—			—			1,077			3,756			4,833			1,301			1993		11/07		35
Cicero, IL	—			1,341			3,760			—			—			1,341			3,760			5,101			1,303			1993		11/07		35
Cornwell Heights, PA	—			2,058			3,102			—			—			2,058			3,102			5,160			1,504			1972		11/07		25
East Brunswick, NJ	—			2,449			5,026			—			—			2,449			5,026			7,475			2,031			1987		11/07		30
Guayama, PR	—			1,729			2,732			—			—			1,729			2,131			3,860			653			1998		11/07		33
Jacksonville, FL	—			810			2,331			—			—			810			2,331			3,141			808			1989		11/07		35
Joliet, IL	—			1,506			3,727			—			—			1,506			3,727			5,233			1,291			1993		11/07		35
Lansing, IL	—			869			3,440			—			—			869			3,440			4,309			1,192			1993		11/07		35
Marietta, GA	—			1,311			3,556			—			—			1,311			3,556			4,867			1,437			1987		11/07		30
Marlton, NJ	—			1,608			4,142			—			—			1,608			4,142			5,750			1,674			1983		11/07		30
Philadelphia, PA	—			1,300			3,830			—			—			1,300			3,830			5,130			1,327			1995		11/07		35
Quakertown, PA	—			1,129			3,252			—			—			1,129			3,252			4,381			1,126			1995		11/07		35
Reading, PA	—			1,189			3,367			—			—			1,189			2,819			4,008			1,018			1989		11/07		28
Roswell, GA	—			931			2,732			—			—			931			2,732			3,663			1,104			2007		11/07		30
Turnersville, NJ	—			990			3,494			—			—			990			3,494			4,484			1,412			1986		11/07		30
Houston, TX	—			734			3,028			—			—			734			3,028			3,762			980			1994		04/10		30
Perkins Restaurant:
Des Moines, IA	—			270			218			—			—			270			218			488			218			1977		06/05		10
Des Moines, IA	—			256			136			—			—			256			136			392			136			1976		06/05		10
Des Moines, IA	—			226			203			—			—			226			203			429			203			1976		06/05		10
Newton, IA	—			354			402			—			—			354			402			756			402			1979		06/05		10
Urbandale, IA	—			377			581			—			—			377			581			958			423			1979		06/05		20
Pet Paradise:
Houston, TX	—			417			2,306			—			—			417			2,306			2,723			680			2008		03/08		40
Bunnell, FL	—			316			881			—			—			316			881			1,197			258			1997		04/08		40
Charlotte, NC	—			825			—			3,231			—			825			3,231			4,056			845			2009		11/08	(m)	40
Davie, FL	—			1,138			1,069			—			—			1,138			1,069			2,207			337			2003		12/08		35
Wesley Chapel, FL	—			1,529			—			2,175			—			1,529			2,175			3,704			120			2017		02/17	(m)	40

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Petco:
Grand Forks, ND	—			307			910			—			—			307			910			1,217			501			1996		12/97		40
Florissant, MO	—			299			352			1,019			—			300			1,371			1,671			378			2012		04/03	(g)	40
Petro Express:
Belmont, NC	—			1,508			1,622			—			—			1,508			1,622			3,130			589			2001		04/07		35
Charlotte, NC	—			1,458			2,047			—			—			1,458			2,047			3,505			867			1987		04/07		30
Charlotte, NC	—			1,810			2,570			—			—			1,810			2,570			4,380			816			2004		04/07		40
Charlotte, NC	—			2,784			3,720			—			—			2,784			3,720			6,504			1,351			1998		04/07		35
Charlotte, NC	—			1,697			2,419			—			—			1,682			2,419			4,101			768			2005		04/07		40
Charlotte, NC	—			1,030			1,725			—			—			1,030			1,725			2,755			731			1983		04/07		30
Charlotte, NC	—			507			698			—			—			507			698			1,205			443			1967		04/07		20
Charlotte, NC	—			1,532			1,973			—			—			1,532			1,973			3,505			716			1998		04/07		35
Charlotte, NC	—			1,291			1,839			—			—			1,291			1,839			3,130			779			1988		04/07		30
Charlotte, NC	—			1,340			1,790			—			—			1,340			1,790			3,130			650			1998		04/07		35
Charlotte, NC	—			2,165			1,965			—			—			2,165			1,965			4,130			713			1997		04/07		35
Charlotte, NC	—			2,316			2,064			—			—			2,316			2,064			4,380			749			1996		04/07		35
Charlotte, NC	—			429			425			—			—			429			425			854			180			1983		04/07		30
Charlotte, NC	—			629			876			—			—			623			876			1,499			371			1986		04/07		30
Charlotte, NC	—			1,778			1,977			—			—			1,778			1,977			3,755			838			1992		04/07		30
Concord, NC	—			2,144			1,986			—			—			2,144			1,986			4,130			721			2000		04/07		35
Concord, NC	—			1,828			1,677			—			—			1,707			1,677			3,384			609			2002		04/07		35
Denver, NC	—			2,317			1,750			—			—			2,317			1,750			4,067			635			1999		04/07		35
Fort Mill, SC	—			3,825			2,554			—			—			3,825			2,554			6,379			928			1998		04/07		35
Gastonia, NC	—			965			1,228			—			—			965			1,228			2,193			446			2001		04/07		35
Gastonia, NC	—			745			760			—			—			745			760			1,505			242			2003		04/07		40
Gastonia, NC	—			1,070			1,185			—			—			1,070			1,185			2,255			430			1990		04/07		35
Gastonia, NC	—			335			545			—			—			317			545			862			173			2000		04/07		40
Hickory, NC	—			1,975			1,530			—			—			1,975			1,530			3,505			555			2002		04/07		35
Kings Mountain, NC	—			1,210			982			—			—			1,210			982			2,192			357			1988		04/07		35
Lake Wylie, SC	—			1,381			2,061			—			—			1,381			2,061			3,442			749			1998		04/07		35
Lake Wylie, SC	—			1,972			1,283			—			—			1,972			1,283			3,255			466			2003		04/07		35
Lincolnton, NC (n)	—			723			532			—			—			723			532			1,255			225			1989		04/07		30
Mineral Springs, NC	—			678			577			—			—			678			577			1,255			183			2002		04/07		40
Monroe, NC	—			857			1,023			—			—			857			1,023			1,880			325			2004		04/07		40
Monroe, NC	—			421			834			—			—			421			834			1,255			303			1997		04/07		35
Monroe, NC	—			709			796			—			—			709			796			1,505			289			1999		04/07		35
Rock Hill, SC	—			778			727			—			—			778			727			1,505			308			1990		04/07		30
Rock Hill, SC	—			3,095			1,910			—			—			3,095			1,910			5,005			693			1999		04/07		35
Rock Hill, SC	—			2,119			1,886			—			—			2,119			1,886			4,005			685			1998		04/07		35
Statesville, NC	—			1,886			2,182			—			—			1,864			2,182			4,046			792			1999		04/07		35
Waxhaw, NC	—			508			747			—			—			508			747			1,255			237			2002		04/07		40
York, SC	—			2,306			1,449			—			—			2,306			1,449			3,755			526			1999		04/07		35
Charlotte, NC	—			1,834			1,214			—			—			1,834			1,214			3,048			383			1997		05/07		40
Charlotte, NC	—			1,849			2,280			—			—			1,849			2,280			4,129			719			2005		05/07		40
Rock Hill, SC	—			3,108			2,146			—			—			3,055			2,146			5,201			677			1999		05/07		40
PetSense:
Kingsville, TX	—			499			458			224			—			499			682			1,181			264			1995		12/01		40
PetSmart:
Chicago, IL	—			2,724			3,566			—			—			2,724			3,566			6,290			1,898			1998		09/98		40
Rock Hill, SC	—			1,734			3,381			—			—			1,734			3,381			5,115			239			1998		11/17		30
PetSuites:
Chesapeake, VA	—			974			—			3,715			—			974			3,715			4,689			143			2018		12/17	(m)	40
Winter Springs, FL	—			943			—			3,855			—			993			3,855			4,848			141			2018		12/17	(m)	40
Suwanee, GA	—			705			—			3,419			—			705			3,419			4,124			25			2019		11/18	(m)	(k)
Louisville, KY	—			375			3,185			—			—			375			3,185			3,560			17			2019		10/19		40
Pier I Imports:
Anchorage, AK	—			928			1,663			—			—			928			1,663			2,591			991			1995		02/96		40
Memphis, TN	—			713			822			—			—			713			822			1,535			463			1997		09/96	(f)	40
Sanford, FL	—			738			803			—			—			738			803			1,541			438			1998		06/97	(f)	40
Valdosta, GA	—			391			806			—			—			391			806			1,197			405			1999		01/99	(f)	40
Pizza Hut:
Monroeville, AL	—			547			44			—			—			547			44			591			20			1976		12/01		40
Bowie, TX	—			111			346			—			—			111			346			457			67			1976		02/15		25
Greeneville, TN	—			111			717			—			—			111			717			828			140			1972		02/15		25
Pollo Tropical:
Hialeah, FL	—			170			106			—			—			170			(i)			170			(i)			(i)		09/06		(i)
Popeye's:
Snellville, GA	—			642			437			—			—			642			437			1,079			197			1995		12/01		40
Randallstown, MD	—			483			609			—			—			483			609			1,092			143			1958		02/14		25
Power Body Wellness:
Conyers, GA	—			320			556			29			—			320			585			905			319			1997		06/97		40
Power Center:
Midland, MI	—			1,085			1,635			220			—			1,085			1,598			2,683			572			2005		05/05	(g)	40
Big Flats, NY	—			2,248			7,159			1,258			—			2,248			5,075			7,323			1,817			2006		08/05	(g)	40
Power Fuel & C-Store:
Moosic, PA	—			323			309			—			—			323			309			632			222			1980		08/05		20
Premium Spas & Billiards:
Fairfax, VA	—			105			151			436			—			194			587			781			178			1995		12/95		40
Publix Super Markets:
Tampa, FL	—			2,128			1,522			—			—			2,128			(i)			2,128			(i)			(i)		06/96		(i)
Pull-A-Part:
Augusta, GA	—			1,414			—			1,449			—			1,414			1,449			2,863			455			2007		08/06	(m)	40
Birmingham, AL	—			1,165			2,090			—			—			1,165			2,090			3,255			699			1964		08/06		40
Charlotte, NC	—			2,913			1,724			—			—			2,908			1,724			4,632			576			2006		08/06		40
Conley, GA	—			1,686			1,387			—			—			1,686			1,387			3,073			464			1999		08/06		40
Harvey, LA	—			1,887			—			4,326			—			1,887			4,326			6,213			1,239			2008		08/06	(m)	40
Knoxville, TN	—			961			—			2,384			—			961			2,384			3,345			743			2007		08/06	(m)	40
Louisville, KY	—			3,206			1,532			—			—			3,206			1,532			4,738			512			2006		08/06		40
Nashville, TN	—			2,164			1,414			—			—			2,164			1,414			3,578			473			2006		08/06		40
Norcross, GA	—			1,831			1,040			—			—			1,831			1,040			2,871			348			1998		08/06		40
Cleveland, OH	—			4,556			—			2,096			—			4,556			2,096			6,652			635			2007		08/06	(m)	40
Lafayette, LA	—			1,036			—			2,226			—			1,036			2,226			3,262			670			2007		08/06	(m)	40
Montgomery, AL	—			934			—			2,013			—			934			2,013			2,947			610			2007		11/06	(m)	40
Jackson, MS	—			1,315			—			2,471			—			1,315			2,318			3,633			692			2008		12/06	(m)	40
Baton Rouge, LA	—			893			—			3,256			—			893			3,256			4,149			879			2009		01/07	(m)	40
Memphis, TN	—			1,779			—			2,964			—			1,779			2,964			4,743			861			2008		05/07	(m)	40
Mobile, AL	—			550			—			2,772			—			550			2,772			3,322			759			2009		06/07	(m)	40
Winston-Salem, NC	—			846			—			2,449			—			836			2,449			3,285			676			2009		08/07	(m)	40
Lithonia, GA	—			2,410			—			2,345			—			2,410			2,345			4,755			643			2009		08/07	(m)	40
Columbia, SC	—			935			—			2,178			—			935			2,178			3,113			597			2009		09/07	(m)	40
Akron, OH	—			1,065			—			1,869			—			1,065			1,869			2,934			473			2009		10/08	(m)	40
Quaker Steak & Lube:
Mentor, OH	—			841			2,452			—			—			841			2,452			3,293			400			2009		04/14		35
Quick Quack Car Wash:
Colorado Springs, CO	—			585			390			—			—			585			390			975			259			1978		09/06		20
QuikTrip:
Clive, IA	—			623			557			—			—			623			557			1,180			270			1994		06/05		30
Johnston, IA	—			394			385			—			—			394			385			779			187			1991		06/05		30
Tulsa, OK	—			1,225			650			—			—			1,225			650			1,875			315			1990		06/05		30
Fountain Inn, SC	—			723			3,289			—			—			723			3,289			4,012			325			2015		07/16		35
Charlotte, NC	—			739			3,512			3			—			740			3,514			4,254			297			2016		08/16		40
Marietta, GA	—			1,870			3,795			—			—			1,870			3,795			5,665			304			2016		10/16		40
Alpharetta, GA	—			1,665			3,700			—			—			1,665			3,700			5,365			235			2016		06/17		40
Roswell, GA	—			1,693			3,572			—			—			1,693			3,572			5,265			220			2016		07/17		40
Concord, NC	—			1,529			3,993			—			—			1,529			3,993			5,522			204			2017		12/17		40
Qwest Corporation Service Center:
Cedar Rapids, IA	—			184			629			143			—			184			772			956			510			1976		06/05		20
Rabobank:
Chico, CA	—			346			—			—			—			346			(e)			346			(e)			(i)		07/12		(e)
Raising Cane's:
Lancaster, OH	—			600			—			1,075			—			600			1,075			1,675			192			2012		01/08	(g)	40
Cincinnati, OH	—			312			898			—			—			312			(e)			312			(e)			(e)		08/10		(e)
Sulphur, LA	—			326			1,268			—			—			326			1,268			1,594			316			2009		04/11		35
Hurst, TX	—			763			—			1,309			—			763			1,309			2,072			269			2011		05/11	(m)	40
Fort Worth, TX	—			792			—			1,144			—			792			1,144			1,936			235			2011		06/11	(m)	40
Plano, TX	—			1,316			—			1,349			—			1,316			1,349			2,665			277			2011		06/11	(m)	40
Pearland, TX	—			774			—			1,255			—			774			1,255			2,029			255			2011		07/11	(m)	40
Addison, TX	—			869			—			1,343			—			869			1,343			2,212			262			2012		10/11	(m)	40
Houston, TX	—			737			—			1,163			—			737			1,163			1,900			229			2012		10/11	(m)	40
Euless, TX	—			1,222			—			1,376			—			1,226			1,376			2,602			277			2011		12/11	(m)	40
Moore, OK	—			762			—			1,153			—			762			1,153			1,915			222			2012		01/12	(m)	40
Rowlett, TX	—			814			—			1,398			—			814			1,398			2,212			261			2012		02/12	(m)	40
Keller, TX	—			833			—			1,265			—			833			1,265			2,098			228			2012		06/12	(m)	40
Omaha, NE	—			1,181			—			1,676			—			1,181			1,676			2,857			292			2013		08/12	(m)	40
McKinney, TX	—			1,443			—			1,255			—			1,443			1,255			2,698			210			2013		11/12	(m)	40
Tulsa, OK	—			1,006			—			1,508			—			1,006			1,508			2,514			253			2013		12/12	(m)	40
Broken Arrow, OK	—			1,267			1,285			—			—			1,267			1,285			2,552			205			2013		04/13		40
Oklahoma City, OK	—			1,217			—			1,312			—			1,217			1,312			2,529			198			2013		06/13	(m)	40
Oklahoma City, OK	—			988			—			1,268			—			988			1,268			2,256			197			2013		06/13	(m)	40
Owasso, OK	—			641			—			1,313			—			641			1,313			1,954			196			2014		09/13	(m)	40
Longview, TX	—			1,020			—			1,488			—			1,020			1,488			2,508			203			2014		02/14	(m)	40
Georgetown, TX	—			1,101			—			1,830			—			1,101			1,830			2,931			242			2014		05/14	(m)	40
Centennial, CO	—			2,083			—			2,217			—			2,083			2,217			4,300			122			2017		04/17	(m)	40
Rallys:
Toledo, OH	—			126			320			—			—			126			320			446			227			1989		07/92		39

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				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
RBC Bank:
Altamonte Springs, FL	—			1,316			2,014			—			—			1,316			2,014			3,330			554			2007		05/10		35
Regal Theatre:
Bolingbrook, IL	—			2,937			3,032			1,500			—			2,937			4,532			7,469			1,583			1994		09/07		30
Rent-A-Center:
Cohoes, NY	—			64			348			242			—			64			590			654			157			1994		09/04		40
Rite Aid:
Mobile, AL (n)	—			1,137			1,694			—			—			1,137			1,694			2,831			764			2000		12/01		40
Norfolk, VA	—			2,742			1,797			—			—			2,742			1,797			4,539			803			2001		02/02		40
Thorndale, PA	—			2,261			2,472			—			—			2,261			2,472			4,733			1,105			2001		02/02		40
West Mifflin, PA	—			1,402			2,044			—			—			1,402			2,044			3,446			913			1999		02/02		40
Clinton Twp, MI	—			977			1,664			—			—			977			1,664			2,641			321			1998		03/14		30
Dowagiac, MI	—			409			1,609			—			—			409			1,609			2,018			311			1998		03/14		30
Rite Care Pharmacy:
Dallas, TX	—			2,407			2,299			320			—			2,407			2,618			5,025			892			1971		06/05		40
RNR Wheels / RNR Tire Express:
Anderson, SC	—			140			815			—			—			140			815			955			127			1996		07/14		35
Road Ranger:
Springfield, IL	—			705			1,500			—			—			705			1,500			2,205			508			1997		06/06		40
Belvidere, IL	—			1,098			1,256			1,257			—			1,098			2,513			3,611			711			1997		06/06		40
Brazil, IN	—			2,199			907			—			—			2,199			907			3,106			307			1990		06/06		40
Cherry Valley, IL	—			1,409			1,897			—			—			1,409			1,897			3,306			642			1991		06/06		40
Cottage Grove, WI	—			2,175			1,733			2			—			2,098			1,733			3,831			587			1990		06/06		40
Decatur, IL	—			815			1,314			—			—			815			1,314			2,129			445			2002		06/06		40
Dekalb, IL	—			747			1,658			—			—			747			1,658			2,405			561			2000		06/06		40
Elk Run Heights, IA	—			1,538			2,470			—			—			1,538			2,470			4,008			836			1989		06/06		40
Lake Station, IN	—			3,172			1,112			—			—			3,172			1,112			4,284			376			1987		06/06		40
Mendota, IL	—			1,218			3,295			—			—			1,218			3,295			4,513			912			1996		06/06		40

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				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Oakdale, WI	—			1,844			1,663			—			—			1,844			1,663			3,507			563			1998		06/06		40
Rockford, IL	—			623			1,331			7			—			596			803			1,399			272			2000		06/06		40
Rockford, IL	—			1,094			1,662			—			—			1,093			1,662			2,755			563			1996		06/06		40
Springfield, IL	—			1,795			1,863			—			—			2,211			1,863			4,074			751			1978		06/06		40
Champaign, IL	—			3,241			2,008			—			—			3,241			2,008			5,249			646			2006		02/07		40
DeKalb, IL	—			505			1,503			—			—			505			1,503			2,008			484			2004		02/07		40
Fenton, MO	—			2,584			2,622			—			—			2,584			2,622			5,206			844			2007		02/07		40
Hampshire, IL	—			1,307			1,501			1,629			—			1,307			3,130			4,437			983			1988		02/07	(f)	40
Princeton, IL	—			1,141			3,066			—			—			1,141			3,066			4,207			987			2003		02/07		40
South Beloit, IL	—			3,824			2,309			—			—			3,824			2,309			6,133			743			2002		02/07		40
Cedar Rapids, IA	—			1,025			984			—			—			1,025			984			2,009			315			1990		03/07		40
Marion, IA	—			737			1,071			—			—			737			1,071			1,808			343			1974		03/07		40
Okawville, IL	—			1,530			1,147			1,034			—			1,536			2,181			3,717			567			1997		08/07		40
Dubuque, IA	—			561			1,941			—			—			561			1,941			2,502			597			2000		09/07		40
Belvidere, IL	—			521			1,053			—			—			521			1,053			1,574			319			2008		09/07	(f)	40
South Beloit, IL	—			1,182			1,324			—			—			1,182			1,324			2,506			401			2008		09/07	(f)	40
Chicago, IL	—			1,350			6,450			—			—			1,350			6,450			7,800			1,924			1970		07/12		25
Bensenville, IL	—			842			3,164			—			—			842			3,164			4,006			505			2002		03/15		30
Loves Park, IL	—			911			2,283			—			—			911			2,283			3,194			313			2010		03/15		35
Roadrunner Markets:
Abingdon, VA	—			261			1,711			—			—			261			1,711			1,972			185			1992		04/17		25
Abingdon, VA	—			251			1,817			—			—			251			1,817			2,068			164			2001		04/17		30
Abingdon, VA	—			542			890			—			—			542			890			1,432			96			1972		04/17		25
Abingdon, VA	—			820			4,005			—			—			820			4,005			4,825			310			2012		04/17		35
Abingdon, VA	—			396			1,479			—			—			396			1,479			1,875			133			1984		04/17		30
Asheville, NC	—			966			1,690			—			—			966			1,690			2,656			183			1983		04/17		25
Asheville, NC	—			502			2,154			—			—			502			2,154			2,656			194			1997		04/17		30
Asheville, NC	—			995			1,169			—			—			995			1,169			2,164			127			1994		04/17		25
Blountville, TN	—			242			1,189			—			—			242			1,189			1,431			129			1993		04/17		25
Blountville, TN	—			338			3,406			—			—			338			3,406			3,744			369			1968		04/17		25
Bluff City, TN	—			174			2,587			—			—			174			2,587			2,761			234			1997		04/17		30
Bristol, TN	—			224			272			—			—			224			272			496			25			1997		04/17		30
Bristol, TN	—			232			1,006			—			—			232			1,006			1,238			109			1979		04/17		25

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				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Bristol, VA	—			290			2,077			—			—			290			2,077			2,367			225			1986		04/17		25
Bristol, VA	—			174			814			—			—			174			814			988			73			1998		04/17		30
Bristol, VA	—			591			271			—			—			591			271			862			29			1980		04/17		25
Bristol, VA	—			135			1,151			—			—			135			1,151			1,286			125			1988		04/17		25
Bristol, VA	—			203			1,228			—			—			203			1,228			1,431			111			1986		04/17		30
Chilhowie, VA	—			213			2,154			—			—			213			2,154			2,367			194			2004		04/17		30
Columbus, NC	—			416			1,286			—			—			416			1,286			1,702			116			1998		04/17		30
Columbus, NC	—			242			1,730			—			—			242			1,730			1,972			187			1994		04/17		25
Elizabethton, TN	—			521			1,642			—			—			521			1,642			2,163			148			1997		04/17		30
Elizabethton, TN	—			174			1,797			—			—			174			1,797			1,971			195			1969		04/17		25
Erwin, TN	—			425			3,512			—			—			425			3,512			3,937			317			2002		04/17		30
Erwin, TN	—			426			861			—			—			426			861			1,287			93			1989		04/17		25
Glade Spring, VA	—			570			3,369			—			—			570			3,369			3,939			365			1991		04/17		25
Gray, TN	—			348			2,114			—			—			348			2,114			2,462			229			1983		04/17		25
Greeneville, TN	—			406			1,565			—			—			406			1,565			1,971			121			2016		04/17		35
Hampton, TN	—			232			2,481			—			—			232			2,481			2,713			224			1998		04/17		30
Johnson City, TN	—			136			900			—			—			136			900			1,036			81			1995		04/17		30
Johnson City, TN	—			358			822			—			—			358			822			1,180			74			1987		04/17		30
Johnson City, TN	—			511			3,232			—			—			511			3,232			3,743			292			1998		04/17		30
Johnson City, TN	—			1,023			2,181			—			—			1,023			2,181			3,204			197			1996		04/17		30
Johnson City, TN	—			926			2,914			—			—			926			2,914			3,840			263			1997		04/17		30
Johnson City, TN	—			454			2,008			—			—			454			2,008			2,462			155			2014		04/17		35
Johnson City, TN	—			531			1,343			—			—			531			1,343			1,874			121			1989		04/17		30
Johnson City, TN	—			454			1,025			—			—			454			1,025			1,479			93			1996		04/17		30
Johnson City, TN	—			415			1,459			—			—			415			1,459			1,874			132			2004		04/17		30
Johnson City, TN	—			579			2,133			—			—			579			2,133			2,712			193			2005		04/17		30
Johnson City, TN	—			212			2,153			—			—			212			2,153			2,365			194			2006		04/17		30
Jonesborough, TN	—			145			1,334			—			—			145			1,334			1,479			145			1983		04/17		25
Jonesborough, TN	—			531			3,107			—			—			531			3,107			3,638			240			2013		04/17		35
Jonesborough, TN	—			299			2,163			—			—			299			2,163			2,462			146			2010		04/17		40
Kingsport, TN	—			463			1,999			—			—			463			1,999			2,462			155			2016		04/17		35
Kingsport, TN	—			359			455			—			—			359			455			814			41			1997		04/17		30
Kingsport, TN	—			97			891			—			—			97			891			988			96			1979		04/17		25
Kingsport, TN	—			214			282			—			—			214			282			496			31			1979		04/17		25

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Kingsport, TN	—			97			1,382			—			—			97			1,382			1,479			150			1973		04/17		25
Kingsport, TN	—			107			534			—			—			107			534			641			58			1976		04/17		25
Kingsport, TN	—			415			1,555			—			—			415			1,555			1,970			168			1983		04/17		25
Kingsport, TN	—			319			1,160			—			—			319			1,160			1,479			105			2001		04/17		30
Kingsport, TN	—			521			2,683			—			—			521			2,683			3,204			291			1993		04/17		25
Kingsport, TN	—			106			1,623			—			—			106			1,623			1,729			176			1972		04/17		25
Kingsport, TN	—			521			2,336			—			—			521			2,336			2,857			211			1999		04/17		30
Kingsport, TN	—			475			320			—			—			475			320			795			29			1987		04/17		30
Kingsport, TN	—			222			1,257			—			—			222			1,257			1,479			136			1988		04/17		25
Landrum, SC	—			676			4,005			—			—			676			4,005			4,681			362			1999		04/17		30
Lebanon, VA	—			222			1,749			—			—			222			1,749			1,971			189			1989		04/17		25
Lebanon, VA	—			155			1,084			—			—			155			1,084			1,239			98			1998		04/17		30
Marion, VA	—			550			2,501			—			—			550			2,501			3,051			271			1994		04/17		25
Morristown, TN	—			116			727			—			—			116			727			843			79			1974		04/17		25
Morristown, TN	—			280			1,449			—			—			280			1,449			1,729			157			1976		04/17		25
Morristown, TN	—			242			601			—			—			242			601			843			65			1976		04/17		25
Piney Flats, TN	—			463			2,191			—			—			463			2,191			2,654			198			1983		04/17		30
Rural Retreat, VA	—			319			2,540			—			—			319			2,540			2,859			275			1991		04/17		25
Waynesville, NC	—			261			2,395			—			—			261			2,395			2,656			216			1997		04/17		30
Robbins Diamonds:
Newark, DE	—			636			1,273			38			—			629			1,311			1,940			806			1994		12/94		40
Ross Dress for Less:
Coral Gables, FL	—			1,782			1,661			19			—			1,782			1,680			3,462			953			1994		06/96		38
Lodi, CA	—			614			1,415			—			—			614			1,415			2,029			573			1984		03/99		40
Ruby Tuesday:
Americus, GA	—			371			832			—			—			371			832			1,203			57			2007		12/17		30
Arvada, CO	—			705			633			—			—			705			633			1,338			43			1996		12/17		30
Ashland, KY	—			623			1,084			—			—			623			1,084			1,707			74			2003		12/17		30
Athens, AL	—			895			308			—			—			895			308			1,203			21			2005		12/17		30
Austintown, OH	—			244			1,265			—			—			244			1,265			1,509			86			2003		12/17		30
Bedford, VA	—			696			606			—			—			696			606			1,302			41			2006		12/17		30

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Big Rapids, MI	—			452			958			—			—			452			958			1,410			65			2006		12/17		30
Branson, MO	—			597			822			—			—			597			822			1,419			67			1994		12/17		25
Columbia, MD	—			1,760			244			—			—			1,760			244			2,004			20			1994		12/17		25
Concord, NC	—			778			425			—			—			778			425			1,203			29			2003		12/17		30
Edinburgh, IN	—			533			1,210			—			—			533			1,210			1,743			82			2005		12/17		30
Farmville, VA	—			461			742			—			—			461			742			1,203			50			2005		12/17		30
Fayetteville, NC	—			370			1,436			—			—			370			1,436			1,806			98			2000		12/17		30
Florence, SC	—			406			1,400			—			—			406			1,400			1,806			95			2002		12/17		30
Fuquay-Varina, NC	—			606			804			—			—			606			804			1,410			55			2003		12/17		30
Hopewell, VA	—			632			976			—			—			632			976			1,608			66			2005		12/17		30
Indianapolis, IN	—			877			326			—			—			877			326			1,203			19			2007		12/17		35
Inverness, FL	—			587			1,219			—			—			587			1,219			1,806			71			2006		12/17		35
Jacksonville, FL	—			833			244			—			—			833			244			1,077			17			2003		12/17		30
Kingsland, GA	—			1,066			641			—			—			1,066			641			1,707			44			2006		12/17		30
Leeds, AL	—			280			923			—			—			280			923			1,203			63			1999		12/17		30
Lincoln, NE	—			361			1,445			—			—			361			1,445			1,806			98			2002		12/17		30
New Bern, NC	—			470			832			—			—			470			832			1,302			57			2005		12/17		30
New Port Richey, FL	—			461			841			—			—			461			841			1,302			57			2001		12/17		30
North Platte, NE	—			515			1,093			—			—			515			1,093			1,608			64			2007		12/17		35
Orangeburg, SC	—			605			1,399			—			—			605			1,399			2,004			95			2001		12/17		30
Roanoke, VA	—			606			804			—			—			606			804			1,410			55			2001		12/17		30
Royal Palm Beach, FL	—			994			416			—			—			994			416			1,410			28			2002		12/17		30
St. Augustine, FL	—			1,255			551			—			—			1,255			551			1,806			37			2004		12/17		30
Terre Haute, IN	—			371			832			—			—			371			832			1,203			57			2006		12/17		30
Troy, AL	—			226			1,184			—			—			226			1,184			1,410			81			2004		12/17		30
Vidalia, GA	—			407			1,201			—			—			407			1,201			1,608			82			1998		12/17		30
Warsaw, IN	—			524			778			—			—			524			778			1,302			53			1999		12/17		30
Waterville, ME	—			145			1,463			—			—			145			1,463			1,608			100			2002		12/17		30
Zephyrhills, FL	—			849			957			—			—			849			957			1,806			65			2005		12/17		30
Ruby's Place:
Swansea, IL	—			46			133			87			—			46			220			266			62			1997		12/01	(g)	40

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Rue 21:
Lapeer, MI	—			126			645			—			—			126			629			755			195			2007		10/05		40
Sally Beauty Supply:
Lapeer, MI	—			33			167			—			—			33			163			196			50			2007		10/05		40
Salons by JC:
Buford, GA	—			539			1,421			373			—			539			1,798			2,337			602			2003		07/04	(g)	40
Saltgrass Steakhouse:
San Marcos, TX	—			837			1,453			2,227			—			837			3,680			4,517			505			2000		11/06		40
Beaumont, TX	—			558			—			2,336			—			901			1,819			2,720			468			1975		09/10	(m)	30
San Antonio, TX	—			1,280			—			853			—			1,280			853			2,133			173			2011		08/11	(m)	40
Cypress, TX	—			1,071			—			1,886			—			1,071			1,886			2,957			352			2012		03/12	(m)	40
Midland, TX	—			837			2,073			—			—			837			2,073			2,910			388			1998		01/13		35
Port Arthur, TX	—			890			—			2,049			—			890			2,049			2,939			305			2014		08/13	(m)	40
McAllen, TX	—			1,390			—			1,148			—			1,393			1,146			2,539			184			2007		12/13	(m)	35
College Station, TX	—			934			—			2,076			—			934			2,076			3,010			275			2014		04/14	(m)	40
Lewisville, TX	—			1,268			—			2,456			—			1,268			2,456			3,724			251			2015		11/14	(m)	40
Waco, TX	—			730			—			2,321			—			730			2,321			3,051			249			2015		12/14	(m)	40
Odessa, TX	—			1,000			—			2,410			—			1,000			2,410			3,410			243			2015		01/15	(m)	40
Lubbock, TX	—			1,025			—			2,251			—			1,025			2,251			3,276			209			2016		10/15	(m)	40
Baytown, TX	—			1,208			—			2,455			—			1,208			2,455			3,663			182			2017		07/16	(m)	40
Corpus Christi, TX	—			1,008			—			2,580			—			1,008			2,580			3,588			224			2016		09/16	(m)	35
Tyler, TX	—			1,622			—			2,615			—			1,622			2,615			4,237			166			2017		10/16	(m)	40
Oklahoma City, OK	—			853			—			2,359			—			853			2,359			3,212			174			1996		06/17	(o)	30
Pasadena, TX	—			1,498			—			2,783			—			1,498			2,783			4,281			142			2017		07/17	(m)	40
Little Rock, AR	—			1,140			—			2,606			—			1,140			2,606			3,746			122			2017		08/17	(m)	40
Sherwood, AR	—			1,166			—			2,666			—			1,166			2,666			3,832			114			2018		09/17	(m)	40
Tulsa, OK	—			1,327			—			2,832			—			1,327			2,832			4,159			97			2018		01/18	(m)	40
Hoover, AL	—			911			—			2,489			—			911			2,489			3,400			86			2003		03/18	(o)	35
Covington, LA	—			1,185			—			3,331			—			1,185			3,331			4,516			52			2018		04/18	(m)	(k)
The Colony, TX	—			1,549			—			2,937			—			1,549			2,937			4,486			70			2019		05/18	(m)	40

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Save A Lot:
Memphis, TN	—			404			—			1,278			—			404			1,278			1,682			675			1998		12/97	(g)	40
Save on Gas and C-Store:
Wilkes-Barre, PA	—			876			1,957			—			—			876			1,957			2,833			1,406			1998		08/05		20
Hughesville, PA	—			290			566			—			—			290			258			548			160			1977		01/06		40
Savers Thrift Superstore:
Fairview Heights, IL	—			1,258			2,623			246			—			1,258			2,869			4,127			981			1980		10/05	(g)	40
North Olmsted, OH	—			1,613			4,549			—			—			1,613			4,549			6,162			584			1983		08/16		40
Schlotzsky's Deli:
Phoenix, AZ	—			706			315			—			—			706			315			1,021			142			1995		12/01		40
Scottsdale, AZ	—			717			311			—			—			686			311			997			140			1995		12/01		40
Scotchman:
Hudson, NC	—			512			2,485			—			—			512			2,485			2,997			169			2002		12/17		30
Kings Mountain, NC	—			533			1,985			—			—			533			1,985			2,518			135			1999		12/17		30
Rock Hill, SC	—			319			1,588			—			—			319			1,588			1,907			130			1992		12/17		25
Rutherfordton, NC	—			213			1,839			—			—			213			1,839			2,052			125			1999		12/17		30
Rutherfordton, NC	—			349			2,160			—			—			349			2,160			2,509			176			1990		12/17		25
Shelby, NC	—			320			2,189			—			—			320			2,189			2,509			179			1994		12/17		25
Shelby, NC	—			184			1,783			—			—			184			1,783			1,967			146			1990		12/17		25
Season's 52:
Schaumburg, IL	—			2,065			1,311			—			—			2,065			(i)			2,065			(i)			(i)		12/01		(i)
Service First Automotive:
Katy, TX	—			1,370			2,704			—			—			1,370			2,704			4,074			70			2018		12/18		40
Spring, TX	—			1,860			2,716			—			—			1,860			2,716			4,576			71			2018		12/18		40
Service King:
The Colony, TX	—			2,135			3,819			—			—			2,135			3,819			5,954			267			2016		03/17		40

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Shek's Chinese Express:
Eden Prairie, MN	—			65			261			—			—			65			261			326			116			1997		12/01		40
Shell:
Glendale, AZ	—			1,817			2,415			126			—			1,817			2,541			4,358			828			2001		05/08		40
Peoria, AZ	—			860			1,117			114			—			860			1,231			2,091			547			1987		05/08		30
Shop-a-Snak:
Bessemer, AL	—			564			742			—			—			564			742			1,306			253			2002		05/06		40
Chelsea, AL	—			391			628			—			—			391			628			1,019			214			1981		05/06		40
Jasper, AL	—			551			747			—			—			551			747			1,298			255			1998		05/06		40
Birmingham, AL	—			439			704			—			—			439			704			1,143			240			1989		05/06		40
Birmingham, AL	—			446			672			—			—			446			672			1,118			229			1989		05/06		40
Birmingham, AL	—			361			744			—			—			361			744			1,105			253			1989		05/06		40
Homewood, AL	—			468			657			—			—			468			657			1,125			224			1990		05/06		40
Hoover, AL	—			764			1,157			—			—			663			1,157			1,820			394			2005		05/06		40
Hoover, AL	—			490			769			—			—			444			769			1,213			262			1992		05/06		40
Hoover, AL	—			713			865			—			—			713			865			1,578			294			1998		05/06		40
Trussville, AL	—			272			542			—			—			256			542			798			185			1992		05/06		40
Tuscaloosa, AL	—			386			733			—			—			386			733			1,119			250			1991		05/06		40
Tuscaloosa, AL	—			432			559			—			—			432			559			991			191			1991		05/06		40
Tuscaloosa, AL	—			525			463			—			—			525			463			988			158			1991		05/06		40
Showtime Auto:
Essexville, MI	—			113			113			—			—			113			113			226			50			1974		02/11		20
Skechers:
Sioux Falls, SD	—			207			1,490			716			—			207			2,206			2,413			355			1985		12/12		30
Sleep Number:
Tucson, AZ	—			906			—			1,271			—			906			1,271			2,177			155			2015		11/14	(m)	40
Billings, MT	—			708			—			1,086			—			708			1,086			1,794			83			2016		08/16	(m)	40
Dublin, OH	—			333			—			1,809			—			333			1,809			2,142			54			2014		09/18	(o)	35

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Sleepy's:
Bay Shore, NY	—			674			1,907			—			—			674			1,907			2,581			264			1985		07/16		25
Bridgehampton, NY	—			1,819			2,283			—			—			1,819			2,283			4,102			263			2003		07/16		30
Dickson City, PA	—			509			3,563			—			—			509			3,563			4,072			411			1998		07/16		30
Farmingdale, NY	—			522			2,021			—			—			522			2,021			2,543			280			1999		07/16		25
Hasbrouck Heights, NJ	—			609			989			—			—			609			989			1,598			137			1965		07/16		25
Huntington Station, NY	—			437			1,766			—			—			437			1,766			2,203			244			1990		07/16		25
Ledgewood, NJ	—			456			1,312			—			—			456			1,312			1,768			181			1981		07/16		25
Middletown, NY	—			351			3,232			—			—			351			3,232			3,583			447			1977		07/16		25
Montgomeryville, PA	—			283			3,084			—			—			283			3,084			3,367			427			1988		07/16		25
Old Saybrook, CT	—			691			3,595			—			—			691			3,595			4,286			622			1929		07/16		20
Rockville Centre, NY	—			732			951			—			—			732			951			1,683			164			1925		07/16		20
Somers Point, NJ	—			313			1,691			—			—			313			1,691			2,004			195			2004		07/16		30
Watchung, NJ	—			587			2,662			—			—			587			2,662			3,249			368			1981		07/16		25
Waterford, CT	—			615			2,736			—			—			615			2,736			3,351			378			1976		07/16		25
Whitehall, PA	—			218			1,177			—			—			218			1,177			1,395			136			2002		07/16		30
Sonic:
Athens, AL	—			275			672			—			—			275			672			947			59			1996		05/17		30
Auburn, AL	—			360			804			—			—			360			804			1,164			70			2002		05/17		30
Auburn, AL	—			379			710			—			—			379			710			1,089			62			1996		05/17		30
Bedford, VA	—			256			550			—			—			256			550			806			41			2007		05/17		35
Bristol, TN	—			237			569			—			—			237			569			806			50			2001		05/17		30
Columbus, GA	—			341			531			—			—			341			531			872			46			1997		05/17		30
Columbus, GA	—			502			303			—			—			502			303			805			27			2001		05/17		30
Dandridge, TN	—			142			730			—			—			142			730			872			64			2002		05/17		30
Danville, VA	—			331			691			—			—			331			691			1,022			52			2008		05/17		35
Decatur, AL	—			237			710			—			—			237			710			947			62			1998		05/17		30
Florence, AL	—			265			824			—			—			265			824			1,089			72			1997		05/17		30
Florence, AL	—			388			559			—			—			388			559			947			49			2001		05/17		30
Greeneville, TN	—			180			692			—			—			180			692			872			73			1990		05/17		25
Hampton Cove, AL	—			483			681			—			—			483			681			1,164			51			2006		05/17		35
Huntsville, AL	—			246			701			—			—			246			701			947			74			1992		05/17		25
Huntsville, AL	—			218			871			—			—			218			871			1,089			65			2008		05/17		35

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Huntsville, AL	—			332			616			—			—			332			616			948			54			1999		05/17		30
Huntsville, AL	—			398			625			—			—			398			625			1,023			47			2005		05/17		35
Huntsville, AL	—			275			814			—			—			275			814			1,089			71			2001		05/17		30
Johnson City, TN	—			379			493			—			—			379			493			872			52			1994		05/17		25
Kingsport, TN	—			322			550			—			—			322			550			872			48			2000		05/17		30
Knoxville, TN	—			227			824			—			—			227			824			1,051			86			1987		05/17		25
Lanett, AL	—			322			550			—			—			322			550			872			48			1997		05/17		30
Madison, AL	—			454			634			—			—			454			634			1,088			55			2000		05/17		30
Madison, AL	—			303			720			—			—			303			720			1,023			63			1996		05/17		30
Marion, VA	—			95			852			—			—			95			852			947			75			1997		05/17		30
Millbrook, AL	—			549			540			—			—			549			540			1,089			47			2005		05/17		30
Montgomery, AL	—			729			360			—			—			729			360			1,089			27			2005		05/17		35
Montgomery, AL	—			227			644			—			—			227			644			871			56			1999		05/17		30
Morristown, TN	—			123			607			—			—			123			607			730			64			1977		05/17		25
Morristown, TN	—			275			597			—			—			275			597			872			63			1985		05/17		25
Moulton, AL	—			379			710			—			—			379			710			1,089			62			2005		05/17		30
Muscle Shoals, AL	—			208			880			—			—			208			880			1,088			77			1995		05/17		30
Newport, TN	—			142			664			—			—			142			664			806			58			2000		05/17		30
North Tazewell, VA	—			114			758			—			—			114			758			872			66			1993		05/17		30
Norton, VA	—			133			739			—			—			133			739			872			55			2007		05/17		35
Opelika, AL	—			663			360			—			—			663			360			1,023			31			2006		05/17		30
Phenix City, AL	—			322			701			—			—			322			701			1,023			61			1997		05/17		30
Prattville, AL	—			388			634			—			—			388			634			1,022			56			1994		05/17		30
Roanoke, VA	—			265			757			—			—			265			757			1,022			57			2006		05/17		35
Rogersville, TN	—			57			815			—			—			57			815			872			71			1996		05/17		30
Sevierville, TN	—			436			511			—			—			436			511			947			54			1988		05/17		25
Chatsworth, GA	—			118			1,322			—			—			118			1,322			1,440			46			1998		02/19		25
Chattanooga, TN	—			355			1,341			—			—			355			1,341			1,696			39			2000		02/19		30
Chattanooga, TN	—			306			1,155			—			—			306			1,155			1,461			34			2003		02/19		30
Chattanooga, TN	—			286			1,047			—			—			286			1,047			1,333			37			1998		02/19		25
Chattanooga, TN	—			237			1,411			—			—			237			1,411			1,648			49			1997		02/19		25
Dalton, GA	—			237			712			—			—			237			712			949			21			2000		02/19		30

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Sonic Automotive:
Charlotte, NC	—			3,619			4,854			—			—			3,619			4,854			8,473			1,532			1996		05/07		40
Sonny's BBQ:
Alachua, FL	—			536			2,144			—			—			536			2,144			2,680			32			1983		08/19		25
Belleview, FL	—			124			2,202			—			—			124			2,202			2,326			28			2001		08/19		30
Bushnell, FL	—			479			1,857			—			—			479			1,857			2,336			23			2003		08/19		30
Jacksonville, FL	—			880			1,952			—			—			880			1,952			2,832			24			2004		08/19		30
Jacksonville, FL	—			1,100			1,770			—			—			1,100			1,770			2,870			22			2002		08/19		30
Ocala, FL	—			507			2,593			—			—			507			2,593			3,100			39			1977		08/19		25
Ocala, FL	—			660			2,841			—			—			660			2,841			3,501			36			1987		08/19		30
Orange Park, FL	—			287			2,345			—			—			287			2,345			2,632			35			1976		08/19		25
Spring Hill, FL	—			689			2,373			—			—			689			2,373			3,062			36			1997		08/19		25
Sparkling Image:
Bakersfield, CA	—			3,363			3,288			—			—			3,363			3,288			6,651			969			2002		03/08		40
Bakersfield, CA	—			2,798			5,260			22			—			1,781			284			2,065			269			1997		03/08		35
Bakersfield, CA	—			3,664			3,709			11			—			3,664			3,721			7,385			1,253			1994		03/08		35
Bakersfield, CA	—			2,043			3,520			40			—			2,043			719			2,762			379			1988		03/08		30
Bakersfield, CA	—			3,346			6,016			—			—			3,346			6,016			9,362			2,024			1998		03/08		35
Bakersfield, CA	—			2,564			4,465			2,178			—			2,564			6,643			9,207			2,473			1988		03/08		30
San Fernando, CA	—			6,630			2,706			47			—			6,630			2,753			9,383			1,085			1988		03/08		30
Ventura, CA	—			6,253			4,560			207			—			5,813			4,767			10,580			1,597			1994		03/08		35
Ventura, CA	—			5,590			4,431			94			—			5,590			4,526			10,116			1,331			2001		03/08		40
Spec's Liquor and Fine Foods:
Corpus Christi, TX	—			768			841			601			—			768			1,442			2,210			822			1967		11/93		40
Coffee City, TX	—			1,330			3,858			—			—			1,330			3,858			5,188			1,435			1996		02/05		40
Speedy Cash:
Knoxville, TN	—			324			779			4			—			324			782			1,106			105			2014		04/15		35
Chicago, IL	—			317			859			—			—			317			859			1,176			93			2014		03/16		35
Spencer’s Air Conditioning & Appliance:
Glendale, AZ	—			342			982			—			—			342			982			1,324			502			1999		12/98	(g)	40
Sprint PCS:
Lewisville, TX	—			555			—			1,172			—			598			1,128			1,726			109			2016		12/01	(m)	40
Staples:
Memphis, TN (n)	—			931			2,210			—			—			931			2,210			3,141			371			2011		02/14		35
Steak N Shake:
Munhall, PA	—			688			727			—			—			688			727			1,415			159			2002		07/14		25
South Bend, IN	—			447			1,238			—			—			447			1,238			1,685			225			2004		07/14		30
Sterling Collision:
Lombard, IL	—			622			1,714			—			—			622			1,714			2,336			483			1997		12/12		25
Stone Mountain Chevrolet:
Lilburn, GA (n)	—			3,027			4,685			—			—			3,027			4,685			7,712			1,801			2004		08/04		40
Stop N Go:
Grand Prairie, TX	—			421			685			—			—			421			685			1,106			309			1986		12/01		40
Stripes:
Laredo, TX (n)	—			459			460			—			—			459			460			919			161			1983		12/05		40
Lawton, OK (n)	—			697			964			—			—			649			964			1,613			339			1984		12/05		40
Wichita Falls, TX (n)	—			440			751			—			—			440			751			1,191			264			1984		12/05		40
Wichita Falls, TX (n)	—			484			828			—			—			484			828			1,312			291			1983		12/05		40
Wichita Falls, TX (n)	—			905			1,351			—			—			905			1,351			2,256			474			2000		12/05		40
Monahans, TX (n)	—			2,628			2,973			—			—			2,628			2,973			5,601			901			1996		11/07		40
Odessa, TX (n)	—			2,633			3,199			—			—			2,633			3,199			5,832			970			2006		11/07		40
San Angelo, TX (n)	—			194			471			—			—			194			471			665			143			1998		11/07		40
Harlingen, TX (n)	—			329			935			—			—			329			935			1,264			373			1980		01/08		30
Houston, TX (n)	—			696			1,458			—			—			696			1,458			2,154			402			2008		12/08		40
Lubbock, TX (n)	—			671			1,612			—			—			671			1,612			2,283			445			2007		12/08		40
Corpus Christi, TX	—			450			1,370			—			—			450			1,370			1,820			371			1996		11/11		30
Corpus Christi, TX	—			661			2,624			—			—			661			2,624			3,285			711			1999		11/11		30
Corpus Christi, TX	—			412			2,356			—			—			412			2,356			2,768			638			1999		11/11		30
Harlingen, TX	—			230			2,356			—			—			230			2,356			2,586			638			2000		11/11		30
Laredo, TX	—			441			1,935			—			—			441			1,935			2,376			449			2002		11/11		35
Laredo, TX	—			938			5,829			—			—			938			5,829			6,767			1,579			1995		11/11		30
Laredo, TX	—			421			3,016			—			—			421			3,016			3,437			817			1998		11/11		30
Laredo, TX	—			335			2,509			—			—			335			2,509			2,844			680			1999		11/11		30
Mercedes, TX	—			556			1,523			—			—			556			1,523			2,079			413			1998		11/11		30
Portland, TX	—			488			4,710			—			—			488			4,710			5,198			1,276			1999		11/11		30
Rockport, TX	—			660			4,269			—			—			660			4,269			4,929			991			2008		11/11		35
San Juan, TX	—			565			1,179			—			—			565			1,179			1,744			319			1999		11/11		30
Subway:
Eden Prairie, MN	—			54			150			67			—			54			218			272			97			1997		12/01		40
Albany, NY	—			3			67			—			—			3			67			70			25			1992		09/04		40
Cohoes, NY	—			21			116			8			—			21			123			144			52			1994		09/04		40
Sunbelt Rentals:
Dayton, OH	—			391			1,223			—			—			391			1,223			1,614			269			2008		04/12		35
Shepherdsville, KY	—			516			1,577			—			—			516			1,577			2,093			347			2009		04/12		35
Sunoco:
Arnold, MD	—			417			581			—			—			417			581			998			130			1993		04/13		30
Baltimore, MD	—			542			2,054			—			—			542			2,054			2,596			459			1998		04/13		30
Baltimore, MD	—			310			1,686			—			—			310			1,686			1,996			323			2004		04/13		35
Baltimore, MD	—			620			1,279			—			—			620			1,279			1,899			286			1989		04/13		30
Baltimore, MD	—			368			1,647			—			—			368			1,647			2,015			368			1996		04/13		30
Baltimore, MD	—			523			2,809			—			—			523			2,809			3,332			754			1982		04/13		25
Baltimore, MD	—			271			1,482			—			—			271			1,482			1,753			398			1968		04/13		25
Baltimore, MD	—			455			2,122			—			—			455			2,122			2,577			569			1980		04/13		25
Bel Air, MD	—			1,376			620			—			—			1,376			620			1,996			139			1994		04/13		30
Bethesda, MD	—			1,414			1,347			—			—			1,414			1,347			2,761			361			1971		04/13		25
Centreville, VA	—			1,753			697			—			—			1,753			697			2,450			156			1994		04/13		30
Chantilly, VA	—			1,472			1,831			—			—			1,472			1,831			3,303			491			1966		04/13		25
Dale City, VA	—			639			2,461			—			—			639			2,461			3,100			550			1992		04/13		30
Dumfries, VA	—			387			2,364			—			—			387			2,364			2,751			529			1999		04/13		30
Edgewood, MD	—			823			2,073			—			—			823			2,073			2,896			556			1985		04/13		25
Frederick, MD	—			940			1,860			—			—			940			1,860			2,800			416			1996		04/13		30
Gaithersburg, MD	—			1,027			2,073			—			—			1,027			2,073			3,100			556			1982		04/13		25
Glen Burnie, MD	—			804			1,647			—			—			804			1,647			2,451			368			1994		04/13		30
Herndon, VA	—			707			1,792			—			—			707			1,792			2,499			401			1989		04/13		30
Joppa, MD	—			862			174			—			—			862			174			1,036			47			1987		04/13		25
Manassas, VA	—			746			1,434			—			—			746			1,434			2,180			321			1993		04/13		30
Manassas, VA	—			1,230			1,521			—			—			1,230			1,521			2,751			340			1991		04/13		30
Odenton, MD	—			668			2,780			—			—			668			2,780			3,448			622			2000		04/13		30
Owings Mills, MD	—			1,337			911			—			—			1,337			911			2,248			204			1994		04/13		30
Parkton, MD	—			397			2,151			—			—			397			2,151			2,548			481			1993		04/13		30
Pasadena, MD	—			407			1,492			—			—			407			1,492			1,899			334			1989		04/13		30
Pasadena, MD	—			591			2,509			—			—			579			2,509			3,088			561			1997		04/13		30
Perryville, MD	—			601			3,778			—			—			601			3,778			4,379			845			1990		04/13		30
Randallstown, MD	—			746			1,715			—			—			746			1,715			2,461			383			1995		04/13		30
Reisterstown, MD	—			649			2,354			—			—			649			2,354			3,003			526			1995		04/13		30
Rockville, MD	—			1,996			2,054			—			—			1,996			2,054			4,050			551			1971		04/13		25
Severn, MD	—			765			3,139			—			—			765			3,139			3,904			702			1987		04/13		30
Sterling, VA	—			1,356			1,095			—			—			1,356			1,095			2,451			245			1997		04/13		30
Sterling, VA	—			1,540			2,461			—			—			1,540			2,461			4,001			550			1998		04/13		30
Timonium, MD	—			1,356			1,598			—			—			1,356			1,598			2,954			429			1981		04/13		25
Towson, MD	—			630			2,771			—			—			630			2,771			3,401			743			1988		04/13		25
Warrenton, VA	—			1,802			2,703			—			—			1,802			2,703			4,505			604			1994		04/13		30
Woodbridge, VA	—			678			2,664			—			—			678			2,664			3,342			715			1988		04/13		25
Sunshine Energy:
Kansas City, MO	—			517			720			—			—			517			720			1,237			301			1993		07/09		25
SunTrust:
Alexandria, VA	—			2,735			732			—			—			2,735			732			3,467			319			1969		06/13		15
Alpharetta, GA	—			1,625			1,366			—			—			1,625			1,366			2,991			447			1991		06/13		20
Alpharetta, GA	—			1,056			1,425			—			—			1,056			1,425			2,481			311			2005		06/13		30
Atlanta, GA	—			2,130			1,623			—			—			2,130			1,623			3,753			531			1976		06/13		20
Augusta, GA	—			865			872			—			—			865			872			1,737			570			1972		06/13		10
Black Mountain, NC	—			780			655			—			—			780			655			1,435			655			1943		06/13		5
Bladensburg, MD	—			1,528			1,538			—			—			1,528			1,538			3,066			335			1946		06/13		30
Bradenton, FL	—			437			1,251			—			—			429			1,251			1,680			273			1980		06/13		30
Chattanooga, TN	—			336			341			—			—			336			341			677			341			1974		06/13		5
Chattanooga, TN	—			260			374			—			—			260			374			634			374			1981		06/13		5
Conyers, GA	—			366			501			—			—			366			501			867			328			1986		06/13		10
Crystal River, FL	—			430			2,971			—			—			430			2,971			3,401			555			1983		06/13		35
Daytona Beach Shores, FL	—			318			720			—			—			318			720			1,038			188			1982		06/13		25
Deland, FL	—			270			1,296			—			—			270			1,296			1,566			283			1993		06/13		30
Doral, FL	—			1,912			1,100			—			—			1,912			1,100			3,012			360			1988		06/13		20
Duluth, GA	—			851			845			—			—			851			845			1,696			277			1992		06/13		20
Edgewater, FL	—			419			1,417			—			—			419			1,417			1,836			309			1986		06/13		30
Greenacres City, FL	—			1,395			1,533			—			—			1,395			1,533			2,928			334			1988		06/13		30
Greensboro, NC	—			516			394			—			—			430			394			824			394			1980		06/13		5
Hialeah, FL	—			2,578			1,149			—			—			2,578			1,149			3,727			752			1978		06/13		10
Homosassa, FL	—			344			825			—			—			344			825			1,169			216			1985		06/13		25
Huntersville, NC	—			177			830			—			—			177			830			1,007			217			1998		06/13		25
Jacksonville, FL	—			938			926			—			—			938			926			1,864			303			1979		06/13		20
Jacksonville, FL	—			674			821			—			—			674			821			1,495			215			1987		06/13		25
Jupiter, FL	—			1,035			1,327			—			—			1,035			1,327			2,362			248			1998		06/13		35
Kannapolis, NC	—			850			834			—			—			850			834			1,684			834			1906		06/13		5
Kernersville, NC	—			284			708			—			—			284			708			992			309			1990		06/13		15
Lady Lake, FL	—			340			1,355			—			—			340			1,355			1,695			295			1996		06/13		30
Lake City, TN	—			326			514			—			—			326			514			840			514			1958		06/13		5
Largo, FL	—			258			643			—			—			258			643			901			210			1979		06/13		20
Lawrenceville, GA	—			657			1,764			—			—			657			1,764			2,421			1,154			1985		06/13		10
Lightfoot, VA	—			177			512			—			—			177			512			689			335			1973		06/13		10
Marietta, GA	—			617			714			—			—			617			714			1,331			467			1974		06/13		10
Mechanicsville, VA	—			343			493			—			—			343			493			836			493			1965		06/13		5
Murfreesboro, TN	—			276			554			—			—			276			554			830			242			1989		06/13		15
N Miami Beach, FL	—			915			497			—			—			915			497			1,412			217			1986		06/13		15

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Nashville, TN	—			627			639			—			—			627			639			1,266			418			1972		06/13		10
Nashville, TN	—			438			1,295			—			—			438			1,295			1,733			282			1994		06/13		30
New Port Richey, FL	—			463			1,178			—			—			463			1,178			1,641			308			1998		06/13		25
Norcross, GA	—			789			663			—			—			789			663			1,452			289			1986		06/13		15
Orlando, FL	—			801			1,135			—			—			801			1,135			1,936			371			1993		06/13		20
Palm Harbor, FL	—			532			384			—			—			532			384			916			251			1983		06/13		10
Punta Gorda, FL	—			1,483			1,330			—			—			1,483			1,330			2,813			435			1972		06/13		20
Richmond, VA	—			398			673			—			—			398			673			1,071			673			1972		06/13		5
Richmond, VA	—			283			245			—			—			283			245			528			245			1973		06/13		5
Richmond, VA	—			263			563			—			—			263			563			826			368			1981		06/13		10
Roanoke, VA	—			264			256			—			—			264			256			520			256			1973		06/13		5
Roxboro, NC	—			452			918			—			—			452			918			1,370			400			1983		06/13		15
Sebastian, FL	—			438			856			—			—			438			856			1,294			280			1987		06/13		20
South Boston, VA	—			221			1,441			—			—			221			1,441			1,662			471			1975		06/13		20
Spartanburg, SC	—			435			372			—			—			435			372			807			243			1921		06/13		10
Spring Hill, FL	—			460			1,102			—			—			460			1,102			1,562			1,102			1973		06/13		5
Spring Hill, FL	—			631			1,950			—			—			631			1,950			2,581			425			1988		06/13		30
Sun City Center, FL	—			568			3,671			—			—			568			3,671			4,239			686			1971		06/13		35
Tucker, GA	—			395			1,208			—			—			395			1,208			1,603			395			1971		06/13		20
Virginia Beach, VA	—			326			366			—			—			326			366			692			239			1985		06/13		10
Superior Petroleum:
Midway, PA	—			311			708			—			—			311			708			1,019			330			1990		01/06		30
Supervalu:
Maple Heights, OH	—			1,035			2,874			—			—			1,035			2,874			3,909			1,644			1985		02/97		40
Sweet Berries Cafe:
Sherman, TX	—			233			126			24			—			233			150			383			98			1969		09/06		20
Taco Bell:
Ocala, FL	—			275			755			—			—			275			755			1,030			341			2001		12/01		40
Phoenix, AZ	—			594			283			—			—			594			283			877			128			1995		12/01		40
Bedford, IN	—			797			937			—			—			797			937			1,734			319			1989		05/06		40

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Columbus, IN	—			1,257			2,055			—			—			1,257			2,055			3,312			700			1990		05/06		40
Columbus, IN	—			690			1,213			—			—			690			1,213			1,903			413			2005		05/06		40
Evansville, IN	—			524			1,815			—			—			524			1,815			2,339			618			2005		05/06		40
Evansville, IN	—			308			1,301			—			—			308			1,301			1,609			443			2000		05/06		40
Evansville, IN	—			221			828			—			—			221			828			1,049			282			2003		05/06		40
Fishers, IN	—			990			486			—			—			990			486			1,476			166			1998		05/06		40
Greensburg, IN	—			648			1,079			—			—			648			1,079			1,727			368			1998		05/06		40
Indianapolis, IN	—			547			703			—			—			547			703			1,250			240			2004		05/06		40
Indianapolis, IN	—			1,032			1,650			—			—			1,032			1,650			2,682			562			2004		05/06		40
Madisonville, KY	—			682			1,193			—			—			682			1,193			1,875			406			1999		05/06		40
Owensboro, KY	—			639			1,326			—			—			639			1,326			1,965			452			2005		05/06		40
Shelbyville, IN	—			670			1,756			—			—			670			1,756			2,426			598			1998		05/06		40
Speedway, IN	—			408			1,426			—			—			408			1,426			1,834			486			2003		05/06		40
Terre Haute, IN	—			1,037			1,656			—			—			1,037			1,656			2,693			564			2003		05/06		40
Terre Haute, IN	—			1,314			2,249			—			—			1,314			2,249			3,563			766			2003		05/06		40
Vincennes, IN	—			502			880			—			—			502			880			1,382			300			2004		05/06		40
Hialeah, FL	—			263			69			—			—			263			(i)			263			(i)			(i)		09/06		(i)
Anderson, SC	—			273			820			—			—			273			820			1,093			296			1989		12/10		25
Anderson, SC	—			176			436			—			—			176			436			612			132			2000		12/10		30
Asheville, NC	—			408			732			—			—			408			732			1,140			265			1992		12/10		25
Asheville, NC	—			252			483			—			—			252			483			735			175			1993		12/10		25
Black Mountain, NC	—			149			313			—			—			149			313			462			113			1992		12/10		25
Blue Ridge, GA	—			276			553			—			—			276			553			829			200			1992		12/10		25
Cedartown, GA	—			353			890			—			—			353			890			1,243			322			1990		12/10		25
Duncan, SC	—			280			483			—			—			280			483			763			146			1999		12/10		30
Easley, SC	—			444			818			—			—			444			818			1,262			296			1991		12/10		25
Fort Payne, AL	—			362			533			—			—			362			533			895			193			1989		12/10		25
Franklin, NC	—			472			687			—			—			472			687			1,159			248			1992		12/10		25
Gaffney, SC	—			388			940			—			—			388			940			1,328			283			1998		12/10		30
Greenville, SC	—			169			330			—			—			169			330			499			119			1990		12/10		25
Greenville, SC	—			414			810			—			—			414			810			1,224			244			1995		12/10		30
Hendersonville, NC	—			569			1,163			—			—			569			1,163			1,732			421			1988		12/10		25
Inman, SC	—			223			502			—			—			223			502			725			151			1999		12/10		30
Lavonia, GA	—			122			359			—			—			122			359			481			108			1999		12/10		30

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Madison, AL	—			498			886			—			—			498			886			1,384			320			1985		12/10		25
Oneonta, AL	—			362			881			—			—			362			881			1,243			319			1992		12/10		25
Piedmont, SC	—			249			702			—			—			249			702			951			212			2000		12/10		30
Pisgah Forest, NC	—			260			672			—			—			260			672			932			203			1998		12/10		30
Rainsville, AL	—			411			1,077			—			—			411			1,077			1,488			325			1998		12/10		30
Seneca, SC	—			304			807			—			—			304			807			1,111			292			1993		12/10		25
Simpsonville, SC	—			635			1,022			—			—			635			1,022			1,657			370			1991		12/10		25
Spartanburg, SC	—			492			949			—			—			492			949			1,441			286			1993		12/10		30
Spartanburg, SC	—			239			496			—			—			239			496			735			150			1992		12/10		30
Sylva, NC	—			580			786			—			—			580			786			1,366			237			1994		12/10		30
Toccoa, GA	—			201			600			—			—			201			600			801			181			1993		12/10		30
Anderson, IN	—			313			1,338			—			—			313			1,338			1,651			269			2008		12/12		35
Bloomington, IN	—			275			1,026			—			—			275			1,026			1,301			289			1988		12/12		25
Bloomington, IN	—			332			1,234			—			—			332			1,234			1,566			248			2009		12/12		35
Carmel, IN	—			360			1,546			—			—			360			1,546			1,906			363			1994		12/12		30
Daleville, IN	—			209			893			—			—			209			893			1,102			210			1995		12/12		30
Edinburgh, IN	—			313			1,338			—			—			313			1,338			1,651			269			2007		12/12		35
Evansville, IN	—			209			1,092			—			—			209			1,092			1,301			220			2008		12/12		35
Indianapolis, IN	—			304			1,206			—			—			304			1,206			1,510			243			2010		12/12		35
Indianapolis, IN	—			209			799			—			—			208			799			1,007			187			1994		12/12		30
Indianapolis, IN	—			351			1,452			—			—			351			1,452			1,803			341			2005		12/12		30
Indianapolis, IN	—			247			931			—			—			247			931			1,178			219			1995		12/12		30
Indianapolis, IN	—			256			1,102			—			—			256			1,102			1,358			222			2008		12/12		35
Indianapolis, IN	—			285			1,225			—			—			285			1,225			1,510			246			2008		12/12		35
Jasper, IN	—			200			960			—			—			200			960			1,160			225			1992		12/12		30
New Castle, IN	—			427			1,830			—			—			427			1,830			2,257			430			2006		12/12		30
Owensboro, KY	—			436			1,119			—			—			436			1,119			1,555			225			2010		12/12		35
Connersville, IN	—			136			1,280			—			—			136			1,280			1,416			275			1991		07/13		30
Linton, IN	—			155			1,203			—			—			155			1,203			1,358			259			1996		07/13		30
Owensboro, KY	—			136			1,549			—			—			136			1,549			1,685			333			1998		07/13		30
Arnold, MO	—			436			698			—			—			436			698			1,134			178			1991		08/13		25
Collinsville, IL	—			368			1,713			—			—			368			1,713			2,081			437			1993		08/13		25
East Alton, IL	—			271			1,008			—			—			271			1,008			1,279			214			1991		08/13		30
Edwardsville, IL	—			310			1,549			—			—			310			1,549			1,859			329			1987		08/13		30

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Eureka, MO	—			466			466			—			—			466			466			932			119			1984		08/13		25
Granite City, IL	—			707			852			—			—			707			852			1,559			155			2006		08/13		35
Hazelwood, MO	—			513			1,470			—			—			513			1,470			1,983			312			1991		08/13		30
Maryland Heights, MO	—			407			862			—			—			407			862			1,269			183			1991		08/13		30
O'Fallon, MO	—			445			1,770			—			—			445			1,770			2,215			376			1985		08/13		30
O'Fallon, MO	—			580			1,403			—			—			580			1,403			1,983			256			2003		08/13		35
St. Charles, MO	—			581			872			—			—			580			872			1,452			185			2000		08/13		30
St. Louis, MO	—			252			1,047			—			—			252			1,047			1,299			267			1981		08/13		25
St. Louis, MO	—			465			1,171			—			—			465			1,171			1,636			213			2009		08/13		35
St. Louis, MO	—			252			785			—			—			252			785			1,037			167			1990		08/13		30
Fayetteville, NC	—			269			1,771			—			—			269			1,771			2,040			393			1993		06/14		25
Fayetteville, NC	—			448			1,334			—			—			448			1,334			1,782			246			1998		06/14		30
Fayetteville, NC	—			289			1,205			—			—			289			1,205			1,494			223			1998		06/14		30
Fayetteville, NC	—			686			1,631			—			—			686			1,631			2,317			362			1992		06/14		25
Fayetteville, NC	—			607			1,135			—			—			577			1,135			1,712			252			1982		06/14		25
Fayetteville, NC	—			388			1,552			—			—			388			1,552			1,940			287			1996		06/14		30
Fayetteville, NC	—			298			1,989			—			—			298			1,989			2,287			367			2005		06/14		30
Fayetteville, NC	—			149			1,652			—			—			149			1,652			1,801			366			1988		06/14		25
Fayetteville, NC	—			497			1,691			—			—			497			1,691			2,188			312			2008		06/14		30
Holly Ridge, NC	—			189			1,791			—			—			189			1,791			1,980			284			2012		06/14		35
Hope Mills, NC	—			438			2,138			—			—			438			2,138			2,576			474			1990		06/14		25
Jacksonville, NC	—			428			2,327			—			—			428			2,327			2,755			516			1993		06/14		25
Jacksonville, NC	—			388			2,347			—			—			388			2,347			2,735			372			2007		06/14		35
Jacksonville, NC	—			577			1,304			—			—			577			1,304			1,881			206			2013		06/14		35
Jacksonville, NC	—			398			2,069			—			—			398			2,069			2,467			382			1994		06/14		30
Leland, NC	—			289			1,205			—			—			289			1,205			1,494			191			2008		06/14		35
Lumberton, NC	—			368			2,208			—			—			368			2,208			2,576			408			2003		06/14		30
Midway Park, NC	—			467			2,069			—			—			467			2,069			2,536			459			1993		06/14		25
Pembroke, NC	—			438			1,095			—			—			438			1,095			1,533			202			2008		06/14		30
Saint Pauls, NC	—			419			767			—			—			419			767			1,186			142			2008		06/14		30
Shallotte, NC	—			329			827			—			—			329			827			1,156			131			2011		06/14		35
Spring Lake, NC	—			408			2,009			—			—			408			2,009			2,417			318			2009		06/14		35
Whiteville, NC	—			179			1,315			—			—			179			1,315			1,494			208			2010		06/14		35
Wilmington, NC	—			547			1,423			—			—			547			1,423			1,970			225			2013		06/14		35

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Wilmington, NC	—			239			1,463			—			—			239			1,463			1,702			232			2013		06/14		35
Wilmington, NC	—			587			2,277			—			—			587			2,277			2,864			361			2006		06/14		35
Swansboro, NC	—			430			1,359			—			—			430			1,359			1,789			160			2015		04/15		40
Buffalo Grove, IL	—			234			1,236			—			—			234			1,236			1,470			187			1987		03/16		25
Columbia City, IN	—			122			1,535			—			—			122			1,535			1,657			233			1990		03/16		25
Dowagiac, MI	—			131			1,236			—			—			131			1,236			1,367			156			1999		03/16		30
Edwardsburg, MI	—			47			1,479			—			—			47			1,479			1,526			187			1998		03/16		30
Elkhart, IN	—			393			1,618			—			—			393			1,618			2,011			175			2008		03/16		35
Fox Lake, IL	—			309			1,376			—			—			309			1,376			1,685			174			2006		03/16		30
Freeport, IL	—			84			2,141			—			—			84			2,141			2,225			271			1999		03/16		30
Kendallville, IN	—			150			1,637			—			—			150			1,637			1,787			207			1992		03/16		30
Knox, IN	—			66			1,255			—			—			66			1,255			1,321			190			1993		03/16		25
Lake Delton, WI	—			815			599			—			—			815			599			1,414			65			2011		03/16		35
Lake In The Hills, IL	—			402			2,029			—			—			366			2,029			2,395			256			1998		03/16		30
Ligonier, IN	—			216			1,021			—			—			216			1,021			1,237			129			2000		03/16		30
Lindenhurst, IL	—			609			768			—			—			609			768			1,377			97			1999		03/16		30
McHenry, IL	—			468			1,814			—			—			468			1,814			2,282			229			2006		03/16		30
Monroe, WI	—			515			1,030			—			—			515			1,030			1,545			130			1999		03/16		30
Mundelein, IL	—			178			1,134			—			—			178			1,134			1,312			143			1999		03/16		30
Mundelein, IL	—			131			1,544			—			—			131			1,544			1,675			195			2004		03/16		30
Nappanee, IN	—			178			1,404			—			—			178			1,404			1,582			152			2008		03/16		35
Portage, WI	—			197			1,479			—			—			197			1,479			1,676			187			1999		03/16		30
Richland Center, WI	—			215			1,236			—			—			215			1,236			1,451			156			2000		03/16		30
Rochester, IN	—			215			1,787			—			—			215			1,787			2,002			271			1993		03/16		25
Rockford, IL	—			328			1,413			—			—			328			1,413			1,741			179			1999		03/16		30
Roscoe, IL	—			346			1,479			—			—			346			1,479			1,825			160			2010		03/16		35
Roseland, IN	—			496			880			—			—			496			880			1,376			111			2001		03/16		30
Round Lake Beach, IL	—			159			2,169			—			—			159			2,169			2,328			274			2005		03/16		30
South Bend, IN	—			291			788			—			—			291			788			1,079			100			2006		03/16		30
South Bend, IN	—			365			1,170			—			—			365			1,170			1,535			127			2014		03/16		35
South Bend, IN	—			365			965			—			—			365			965			1,330			105			2010		03/16		35
St. Joseph, MI	—			94			1,413			—			—			94			1,413			1,507			153			2007		03/16		35
Watervliet, MI	—			281			1,105			—			—			281			1,105			1,386			140			2000		03/16		30

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Wauconda, IL	—			169			1,358			—			—			169			1,358			1,527			172			2001		03/16		30
Waukegan, IL	—			570			1,674			—			—			570			1,674			2,244			254			1997		03/16		25
West Baraboo, WI	—			150			1,348			—			—			150			1,348			1,498			170			1999		03/16		30
Wheeling, IL	—			486			1,861			—			—			486			1,861			2,347			235			2000		03/16		30
Winnebago, IL	—			131			1,041			—			—			131			1,041			1,172			113			2009		03/16		35
Wisconsin Dells, WI	—			365			1,095			—			—			365			1,095			1,460			138			1999		03/16		30
Zion, IL	—			150			1,554			—			—			150			1,554			1,704			168			2008		03/16		35
Taco Bueno:
Moore, OK	—			624			507			—			—			624			507			1,131			60			2015		01/15		40
Flower Mound, TX	—			1,056			—			617			—			1,056			617			1,673			43			2017		04/16	(m)	40
Sulphur Springs, TX	—			512			—			607			—			512			607			1,119			39			2017		03/17	(m)	40
Taco Cabana:
Austin, TX	—			561			1,227			—			—			561			1,227			1,788			171			1994		02/15		35
Houston, TX	—			1,070			978			—			—			1,016			978			1,994			191			1998		02/15		25
Houston, TX	—			667			852			—			—			667			852			1,519			138			2000		02/15		30
Houston, TX	—			590			1,284			—			—			590			1,284			1,874			209			1987		02/15		30
San Antonio, TX	—			492			1,283			—			—			492			1,283			1,775			179			1995		02/15		35
Tamarind Restaurant:
Tucson, AZ	—			996			—			2,742			—			996			2,742			3,738			842			2007		12/06	(m)	40
Texas Roadhouse:
Grand Junction, CO	—			584			920			—			—			584			920			1,504			415			1997		12/01		40
Palm Bay, FL	—			1,035			1,512			—			—			1,035			1,512			2,547			430			2004		06/11		30
TGI Friday's:
Corpus Christi, TX	—			1,210			1,532			—			—			1,157			1,532			2,689			691			1995		12/01		40
The Beach:
Mason, OH	—			1,707			1,303			—			—			1,707			1,303			3,010			354			1985		03/13		25

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
The Containter Store:
Plano, TX	—			1,758			5,115			—			—			1,758			5,115			6,873			968			2009		05/13		35
The Shack:
Overland Park, KS	—			1,166			—			1,741			—			1,166			1,741			2,907			354			2011		04/11	(m)	40
The Snooty Fox:
Cincinnati, OH	—			282			521			403			—			543			662			1,205			274			1998		12/01		40
The Tile Shop:
Scarsdale, NY	—			4,509			2,454			352			—			4,509			2,807			7,316			1,041			1996		09/97		40
Buford, GA	—			1,267			2,406			25			—			1,267			2,430			3,697			936			2003		07/04		40
Third Federal Savings:
Parma, OH	—			370			238			1,100			—			370			1,338			1,708			824			1977		09/06		20
Tile Outlets of America:
Sarasota, FL	—			1,168			1,904			793			—			1,228			2,639			3,867			990			1988		09/97		40
Tire Engineers:
Amarillo, TX	—			244			713			—			—			244			713			957			62			2001		05/17		30
Columbia, SC	—			411			812			—			—			411			812			1,223			71			2007		05/17		30
Columbia, SC	—			345			453			—			—			345			453			798			48			1973		05/17		25
Lexington, SC	—			536			1,237			—			—			536			1,237			1,773			108			2001		05/17		30
Orangeburg, SC	—			327			445			—			—			327			445			772			39			2005		05/17		30
West Columbia, SC	—			486			1,546			—			—			486			1,546			2,032			135			2008		05/17		30
Pooler, GA	—			764			—			1,303			—			764			1,303			2,067			61			2017		08/17	(m)	40
Tire Kingdom:
Sanford, FL	—			1,157			1,887			—			—			1,157			1,887			3,044			128			2006		12/17		30
Tire Zone:
Warrenton, VA	—			123			66			—			—			123			66			189			59			1939		02/11		10

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
TitleMax:
Geneva, IL	—			473			436			—			—			484			375			859			176			1996		12/01		40
Mobile, AL	—			491			498			—			—			491			498			989			225			1997		12/01		40
Dallas, TX	—			1,554			1,229			46			—			1,554			1,275			2,829			458			1982		06/05		40
Aiken, SC	—			442			646			—			—			442			646			1,088			245			1989		08/08		30
Anniston, AL	—			160			453			—			—			160			453			613			129			2008		08/08		40
Berkeley, MO	—			237			282			—			—			237			282			519			160			1961		08/08		20
Cheraw, SC	—			88			330			—			—			88			330			418			150			1976		08/08		25
Columbia, SC	—			212			319			—			—			212			319			531			121			1987		08/08		30
Dalton, GA	—			178			347			—			—			178			347			525			158			1972		08/08		25
Darlington, SC	—			47			267			—			—			47			267			314			122			1973		08/08		25
Fairfield, AL	—			133			178			—			—			133			178			311			81			1974		08/08		25
Gadsden, AL	—			250			389			—			—			250			389			639			111			2007		08/08		40
Hueytown, AL	—			135			93			—			—			135			93			228			93			1948		08/08		10
Jonesboro, GA	—			675			292			—			—			675			292			967			133			1970		08/08		25
Lawrenceville, GA	—			370			332			—			—			370			332			702			126			1986		08/08		30
Lewisburg, TN	—			70			298			—			—			70			298			368			97			1998		08/08		35
Macon, GA	—			103			290			—			—			103			290			393			165			1967		08/08		20
Marietta, GA	—			285			278			—			—			285			278			563			158			1967		08/08		20
Memphis, TN	—			226			444			—			—			226			444			670			168			1986		08/08		30
Memphis, TN	—			111			237			—			—			111			237			348			90			1981		08/08		30
Montgomery, AL	—			96			233			—			—			96			233			329			106			1970		08/08		25
Nashville, TN	—			256			301			—			—			256			301			557			114			1982		08/08		30
Nashville, TN	—			268			276			—			—			268			276			544			126			1978		08/08		25
Norcross, GA	—			599			350			—			—			599			350			949			159			1975		08/08		25
Pulaski, TN	—			109			361			—			—			109			361			470			137			1986		08/08		30
Riverdale, GA	—			877			400			—			—			877			400			1,277			182			1978		08/08		25
Springfield, MO	—			220			400			—			—			220			400			620			182			1979		08/08		25
Springfield, MO	—			125			230			—			—			125			230			355			105			1979		08/08		25
St. Louis, MO	—			134			398			—			—			134			398			532			129			1993		08/08		35
St. Louis, MO	—			244			288			—			—			244			288			532			131			1971		08/08		25
Sylacauga, AL	—			94			191			—			—			94			191			285			72			1986		08/08		30
Taylors, SC	—			299			372			—			—			299			372			671			121			1999		08/08		35
Bay Minette, AL	—			51			113			—			—			51			113			164			40			1980		01/11		25

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
N. Richland Hills, TX	—			132			132			—			—			132			132			264			59			1976		01/11		20
Petersburg, VA	—			139			366			—			—			139			366			505			163			1979		02/11		20
Savannah, GA	—			231			361			—			—			231			361			592			159			1972		03/11		20
Fort Worth, TX	—			131			312			—			—			119			312			431			110			1985		03/11		25
Hoover, AL	—			378			546			—			—			378			546			924			192			1970		03/11		25
Eufaula, AL	—			61			360			—			—			61			360			421			121			1980		08/11		25
Kansas City, MO	—			69			129			—			—			69			129			198			54			1920		08/11		20
Arnold, MO	—			321			120			—			—			321			120			441			49			1960		10/11		20
Bristol, VA	—			199			517			—			—			199			517			716			141			2001		10/11		30
Fairview Heights, IL	—			93			185			—			—			93			185			278			61			1979		10/11		25
Florissant, MO	—			143			153			—			—			143			153			296			50			1974		10/11		25
Greenville, SC (n)	—			602			612			—			—			602			612			1,214			201			2008		10/11		25
Jonesboro, GA	—			301			683			—			—			301			683			984			160			2007		10/11		35
Olive Branch, MS	—			121			312			—			—			121			312			433			102			1978		10/11		25
Sugar Creek, MO	—			202			181			—			—			202			181			383			60			1978		10/11		25
Roanoke, VA	—			158			207			—			—			158			207			365			76			1950		08/12		20
Fredericksburg, VA	—			228			555			—			—			228			555			783			162			1989		09/12		25
Florissant, MO	—			119			288			—			—			119			288			407			81			1970		12/12		25
Savannah, GA	—			259			359			—			—			259			359			618			68			2012		05/13		35
South Boston, VA	—			163			133			—			—			163			133			296			44			1980		05/13		20
O'Fallon, MO	—			75			261			—			—			75			261			336			65			1981		11/13		25
Crest Hill, IL	—			92			323			—			—			92			323			415			77			1963		03/15		20
St. Louis, MO	—			76			237			—			—			76			237			313			57			1953		03/15		20
T-Mobile:
El Reno, OK	—			517			—			605			—			517			605			1,122			40			2017		03/17	(m)	40
Tony's Tires:
Montgomery, AL	—			593			1,187			43			—			593			1,229			1,822			428			1998		12/05		40
TopGolf:
Chesterfield, MO	—			4,577			—			21,260			—			4,705			21,260			25,965			731			2018		06/17	(m)	40
Tucson, AZ	—			3,591			—			16,026			—			3,591			16,026			19,617			818			2017		07/17	(m)	40
Glendale, AZ	—			5,721			—			18,703			—			5,721			18,703			24,424			604			2018		02/18	(m)	40

---

				Initial Cost  to Company						Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period (a) (b)																Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances			Land			Building, Improvements & Leasehold Interests			Improvements			Carrying Costs			Land			Building, Improvements & Leasehold Interests			Total			Accumulated Depreciation and Amortization			Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
Lake Mary, FL	—			5,550			—			—			—			5,550			(e)			5,550			(e)			(e)		04/19	(m)	(e)
Tutor Time:
Elk Grove, CA	—			1,216			2,786			9			—			1,216			2,750			3,966			731			2009		09/08		40
Twin Peaks:
Beaumont, TX	—			439			1,363			365			—			864			1,490			2,354			631			2000		12/01	(g)	40
Olathe, KS	—			525			731			—			—			525			731			1,256			194			2005		09/10		35
ULTA Salon, Cosmetics and Fragrance:
Florissant, MO	—			423			499			1,444			—			425			1,942			2,367			525			1996		04/03	(g)	40
Lapeer, MI	—			408			2,086			594			—			408			2,625			3,033			693			2007		10/05		40
Ultra Car Wash:
Mobile, AL	—			1,071			1,086			—			—			1,071			1,086			2,157			336			2005		08/07		40
Lilburn, GA	—			1,396			1,119			—			—			1,396			1,119			2,515			325			2004		05/08		40
Uni-Mart:
East Brady, PA	—			269			583			—			—			269			583			852			419			1987		08/05		20
Port Vue, PA	—			824			118			—			—			824			118			942			85			1953		08/05		20
Punxsutawney, PA	—			253			542			—			—			253			542			795			389			1983		08/05		20
Shamokin, PA	—			324			506			—			—			324			506			830			364			1956		08/05		20
Wilkes-Barre, PA	—			178			471			—			—			178			471			649			339			1989		08/05		20
Wilkes-Barre, PA	—			171			422			—			—			171			422			593			304			1999		08/05		20
Williamsport, PA	—			909			122			—			—			909			122			1,031			88			1950		08/05		20
Ashland, PA	—			355			545			—			—			355			545			900			390			1977		09/05		20
Mountaintop, PA	—			423			616			—			—			423			616			1,039			441			1987		09/05		20
Effort, PA	—			1,297			1,202			—			—			1,297			1,202			2,499			419			2000		01/06		40
Milesburg, PA	—			134			373			—			—			134			373			507			130			1987		01/06		40
Punxsutawney, PA	—			294			650			—			—			294			650			944			227			1983		01/06		40

---

					Initial Cost  to Company								Costs Capitalized Subsequent to Acquisition								Gross Amount at Which Carried at Close of Period (a) (b)																				Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances				Land				Building, Improvements & Leasehold Interests				Improvements				Carrying Costs				Land				Building, Improvements & Leasehold Interests				Total				Accumulated Depreciation and Amortization				Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Operating Leases:
United Rentals:
Cedar Park, TX (n)	—				535				829				—				—				535				829				1,364				312				1990		12/04		40
Clearwater, FL	—				1,173				1,811				—				—				1,173				1,811				2,984				681				2001		12/04		40
Fort Collins, CO (n)	—				2,057				978				—				—				2,057				978				3,035				368				1975		12/04		40
Irving, TX	—				708				911				—				—				708				911				1,619				342				1984		12/04		40
La Porte, TX	—				1,115				2,125				—				—				1,115				2,125				3,240				799				2000		12/04		40
Littleton, CO	—				1,743				1,944				—				—				1,733				1,944				3,677				731				2002		12/04		40
Oklahoma City, OK	—				744				1,265				—				—				744				1,265				2,009				476				1997		12/04		40
Perrysburg, OH	—				642				1,119				—				—				642				1,119				1,761				421				1979		12/04		40
Plano, TX	—				1,030				1,148				—				—				1,030				1,148				2,178				432				1996		12/04		40
Fort Worth, TX	—				1,428				—				—				—				1,428				(i)				1,428				(i)				(i)		01/05		(i)
Fort Worth, TX	—				510				1,128				—				—				510				1,128				1,638				422				1997		01/05		40
Melbourne, FL	—				747				607				—				—				747				607				1,354				222				1970		05/05		40
University of Phoenix:
Glen Allen, VA	—				2,177				2,600				670				—				2,177				3,270				5,447				1,789				1995		06/95		40
Urban Air:
Beaumont, TX	—				941				1,618				2,313				—				941				3,931				4,872				1,047				1992		03/99		40
Urban Tandoor, Indian Wine & Dine:
Colorado Springs, CO	—				321				377				—				—				321				377				698				250				1984		09/06		20
Vacant Land:
Hadley, MA	—				2,824				—				—				—				5				(e)				5				(e)				(e)		02/08		(e)
Bakersfield, CA	—				3,303				3,845				—				—				1,826				(e)				1,826				(e)				(e)		03/08		(e)
Vacant Property:
Baton Rouge, LA	—				609				914				6				—				609				920				1,529				548				1995		12/95	(m)	40
Redding, CA	—				667				2,182				—				—				667				2,182				2,849				1,229				1997		06/97		40
Kelso, WA	—				868				—				1,806				—				868				1,806				2,674				991				1998		09/97	(g)	40
Tigard, OR	—				1,540				2,247				—				—				1,540				2,247				3,787				1,187				1995		11/98		40
Colonial Heights, VA	—				662				610				—				—				662				610				1,272				275				1997		12/01		40
Eden Prairie, MN	—				76				211				110				—				76				321				397				139				1997		12/01		40

---

					Initial Cost  to Company								Costs Capitalized Subsequent to Acquisition								Gross Amount at Which Carried at Close of Period (a) (b)																				Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances				Land				Building, Improvements & Leasehold Interests				Improvements				Carrying Costs				Land				Building, Improvements & Leasehold Interests				Total				Accumulated Depreciation and Amortization				Date  of Construction		Date Acquired
Geneva, IL	—				653				601				—				—				669				518				1,187				244				1996		12/01		40
Homewood, AL	—				1,032				697				—				—				1,032				697				1,729				314				1997		12/01		40
Lubbock, TX	—				1,007				1,206				—				—				1,007				1,206				2,213				544				1995		12/01		40
Midland, MI	—				231				—				2,705				—				231				2,705				2,936				888				2006		07/03		40
Albany, NY	—				25				867				—				—				25				867				892				332				1994		09/04		40
Temple, TX	—				1,160				1,360				—				—				1,160				1,360				2,520				512				1998		12/04		40
Monticello, NY	—				116				424				—				—				116				424				540				157				1996		03/05		40
Chandler, AZ	—				729				644				—				—				729				644				1,373				468				1984		06/05		20
Houston, TX	—				112				509				302				—				112				811				923				223				1995		12/05		40
Lafayette, LA	—				603				1,149				30				—				603				1,179				1,782				411				1999		12/05		40
Austintown, OH	—				466				397				—				—				466				397				863				264				1980		09/06		20
North Richland Hills, TX	—				500				130				—				—				500				130				630				86				1970		09/06		20
St. Louis, MO	—				520				266				—				—				520				266				786				177				1973		09/06		20
Avon, IN	—				1,302				—				4,178				—				1,302				4,178				5,480				779				2012		12/11	(m)	40
Lincolnshire, IL	—				862				1,574				—				—				862				1,574				2,436				501				1999		01/12		25
Knoxville, TN	—				1,500				5,571				—				—				1,500				5,571				7,071				1,354				1996		09/12		30
Fargo, ND	—				335				2,747				—				—				335				2,747				3,082				553				2008		12/12		35
Chestertown, MD	—				856				290				—				—				856				290				1,146				290				1974		06/13		5
Clearwater, FL	—				433				530				—				—				433				530				963				231				1983		06/13		15
Gulf Breeze, FL	—				1,021				1,382				—				—				1,021				1,382				2,403				904				1960		06/13		10
Lake Placid, FL	—				289				1,402				—				—				289				1,402				1,691				306				1988		06/13		30
Statesville, NC	—				249				653				—				—				249				653				902				102				1960		07/14		35
Riverdale, UT	—				2,294				5,396				—				—				2,294				5,396				7,690				1,052				1991		02/15		25
Spokane, WA	—				2,270				7,975				—				—				2,270				7,975				10,245				1,555				1986		02/15		25
West Bend, WI	—				1,435				7,654				—				—				1,435				7,654				9,089				1,493				1987		02/15		25
Value City Furniture:
White Marsh, MD	—				3,762				—				3,006				—				3,762				3,006				6,768				1,638				1998		10/97	(g)	40
VCA Animal Hospital:
Mission, KS	—				891				3,758				—				—				852				3,758				4,610				976				2000		03/12		30
Verizon Wireless:
Anderson, SC (n)	—				38				—				—				—				38				—				38				(e)				(i)		07/14		(e)
Bristol, VA	—				175				512				—				—				175				512				687				112				2000		07/14		25

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					Initial Cost  to Company								Costs Capitalized Subsequent to Acquisition								Gross Amount at Which Carried at Close of Period (a) (b)																				Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances				Land				Building, Improvements & Leasehold Interests				Improvements				Carrying Costs				Land				Building, Improvements & Leasehold Interests				Total				Accumulated Depreciation and Amortization				Date  of Construction		Date Acquired
Amherst, NY	—				230				175				403				—				230				578				808				91				1977		02/15		20
North Olmsted, OH	—				324				1,015				—				—				324				1,015				1,339				86				1983		08/16		40
Vitality Veterinary:
Buford, GA	—				751				1,979				586				—				751				2,565				3,316				837				2003		07/04	(g)	40
Vitamin Shoppe, The:
Cincinnati, OH	—				297				443				385				—				312				813				1,125				356				1999		06/98		40
Vogue Nails & Spa:
Swansea, IL	—				46				132				—				—				46				132				178				45				1997		12/01		40
Walgreens:
Altamonte Springs, FL	—				1,137				2,053				—				—				1,137				(i)				1,137				(i)				(i)		01/96		(i)
Douglasville, GA	—				413				995				—				—				413				995				1,408				595				1996		01/96		40
Conyers, GA	—				575				999				64				—				575				1,063				1,638				570				1997		06/97		40
Orange Beach, AL	—				1,410				1,996				—				—				1,410				1,996				3,406				900				2000		12/01		40
Sunrise, FL	—				1,958				1,401				—				—				1,958				1,401				3,359				582				1994		05/03		40
Saratoga Springs, NY	—				762				591				5,090				—				2,364				3,530				5,894				202				2017		09/04	(o)	40
Tulsa, OK	—				1,193				3,056				—				—				1,193				3,056				4,249				1,111				2003		06/05		40
Boise, ID	—				792				1,875				—				—				792				1,875				2,667				612				2000		03/10		30
Nampa, ID	—				1,062				2,253				—				—				1,062				2,253				3,315				735				2000		03/10		30
Pueblo, CO	—				899				3,313				—				—				899				3,313				4,212				888				2000		12/11		30
Rapid City, SD	—				1,387				2,957				—				—				1,387				2,957				4,344				672				2000		01/12		35
Hamilton, OH	—				731				2,879				—				—				731				2,879				3,610				764				2000		01/12		30
Durham, NC	—				1,553				2,621				—				—				1,553				2,621				4,174				375				1999		09/15		30
Charlotte, NC	—				754				1,708				—				—				754				1,708				2,462				26				1999		08/19		25
Mint Hill, NC	—				972				1,657				—				—				972				1,657				2,629				25				1999		08/19		25
Warehouse Shoe Sale:
Houston, TX	—				2,311				1,628				3,514				—				2,583				4,872				7,455				1,067				1976		03/99	(g)	40
Waterford Nails & Spa:
Orlando, FL	—				40				111				—				—				40				111				151				44				2001		02/04		40

---

					Initial Cost  to Company								Costs Capitalized Subsequent to Acquisition								Gross Amount at Which Carried at Close of Period (a) (b)																				Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances				Land				Building, Improvements & Leasehold Interests				Improvements				Carrying Costs				Land				Building, Improvements & Leasehold Interests				Total				Accumulated Depreciation and Amortization				Date  of Construction		Date Acquired
Wawa:
Clearwater, FL	—				1,184				2,526				44				—				1,476				(i)				1,476				(i)				(i)		05/93		(i)
Wehrenberg Theater:
Cedar Rapids, IA	—				1,567				8,433				—				—				1,567				8,433				10,000				1,783				2011		07/11		40
Wenco HQ:
Ashland, OH	—				245				1,109				—				—				245				1,109				1,354				57				2014		03/18		35
Wendy's:
Sacramento, CA	—				586				—				—				—				586				(i)				586				(i)				(i)		02/98		(i)
New Kensington, PA	—				501				333				—				—				501				333				834				150				1980		12/01		40
Orland Park, IL	—				562				556				—				—				562				377				939				172				1995		12/01		40
Boerne, TX	—				456				679				—				—				456				679				1,135				191				1986		12/12		25
Brownsburg, IN	—				242				1,483				—				—				242				1,483				1,725				418				1984		12/12		25
Converse, TX	—				301				554				—				—				301				554				855				111				2007		12/12		35
Everett, WA	—				339				1,018				—				—				339				1,018				1,357				239				2000		12/12		30
Everett, WA	—				486				437				—				—				486				437				923				123				1979		12/12		25
Fishers, IN	—				544				514				—				—				510				514				1,024				121				2000		12/12		30
Fishers, IN	—				766				717				—				—				766				717				1,483				168				1990		12/12		30
Henderson, NV	—				370				311				—				—				370				311				681				88				1988		12/12		25
Henderson, NV	—				398				1,028				—				—				398				1,028				1,426				241				1991		12/12		30
Indianapolis, IN	—				417				1,318				—				—				417				1,318				1,735				309				1991		12/12		30
Indianapolis, IN	—				320				602				—				—				320				602				922				141				1998		12/12		30
Indianapolis, IN	—				87				1,009				—				—				87				1,009				1,096				284				1973		12/12		25
Indianapolis, IN	—				252				1,454				—				—				252				1,454				1,706				341				1999		12/12		30
Indianapolis, IN	—				281				1,018				—				—				281				1,018				1,299				239				1996		12/12		30
Indianapolis, IN	—				213				1,444				—				—				213				1,444				1,657				291				2003		12/12		35
Indianapolis, IN	—				320				1,086				—				—				320				1,086				1,406				255				1993		12/12		30
Indianapolis, IN	—				271				1,221				—				—				271				1,221				1,492				344				1974		12/12		25
Las Vegas, NV	—				533				1,424				—				—				533				1,424				1,957				334				2001		12/12		30
Las Vegas, NV	—				368				1,018				—				—				368				1,018				1,386				239				2001		12/12		30
Las Vegas, NV	—				360				253				—				—				360				253				613				71				1980		12/12		25
Lynnwood, WA	—				571				1,695				—				—				571				1,695				2,266				477				1978		12/12		25
N. Las Vegas, NV	—				310				1,463				—				—				310				1,463				1,773				294				2001		12/12		35

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					Initial Cost  to Company								Costs Capitalized Subsequent to Acquisition								Gross Amount at Which Carried at Close of Period (a) (b)																				Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances				Land				Building, Improvements & Leasehold Interests				Improvements				Carrying Costs				Land				Building, Improvements & Leasehold Interests				Total				Accumulated Depreciation and Amortization				Date  of Construction		Date Acquired
Noblesville, IN	—				582				979				—				—				582				979				1,561				230				1998		12/12		30
Port Orchard, WA	—				784				1,540				—				—				784				1,540				2,324				361				1996		12/12		30
Poulsbo, WA	—				620				901				—				—				620				901				1,521				159				2012		12/12		40
San Antonio, TX	—				370				272				—				—				370				272				642				64				1993		12/12		30
San Antonio, TX	—				688				727				—				—				688				727				1,415				171				1993		12/12		30
San Antonio, TX	—				553				892				—				—				303				892				1,195				251				1986		12/12		25
San Antonio, TX	—				931				223				—				—				931				223				1,154				52				1993		12/12		30
San Antonio, TX	—				242				1,067				—				—				242				1,067				1,309				300				1977		12/12		25
Lexington Park, MD	—				327				773				—				—				327				773				1,100				141				1982		07/14		30
Alcoa, TN	—				587				547				—				—				587				547				1,134				133				1977		02/15		20
Lincoln Park, MI	—				326				435				—				—				326				435				761				85				1988		02/15		25
North Canton, OH	—				121				852				—				—				121				852				973				138				1986		02/15		30
Roanoke, VA	—				172				672				—				—				172				672				844				164				1983		02/15		20
Ashland, OH	—				353				2,635				—				—				353				2,635				2,988				157				1993		03/18		30
Ashland, OH	—				265				2,479				—				—				265				2,479				2,744				127				2013		03/18		35
Bellevue, OH	—				176				1,765				—				—				176				1,765				1,941				126				1985		03/18		25
Bluffton, OH	—				98				1,090				—				—				98				1,090				1,188				65				2012		03/18		30
Bucyrus, OH	—				88				2,234				—				—				88				2,234				2,322				160				1984		03/18		25
Millersburg, OH	—				226				1,559				—				—				226				1,559				1,785				93				2002		03/18		30
New Bremen, OH	—				59				1,697				—				—				59				1,697				1,756				122				1988		03/18		25
Norwalk, OH	—				157				3,173				—				—				157				3,173				3,330				162				2014		03/18		35
Ottawa, OH	—				69				1,599				—				—				69				1,599				1,668				95				1998		03/18		30
Parma, OH	—				363				805				—				—				363				805				1,168				58				1983		03/18		25
Shelby, OH	—				59				1,882				—				—				59				1,882				1,941				135				1989		03/18		25
Upper Sandusky, OH	—				167				2,205				—				—				167				2,205				2,372				132				1993		03/18		30
Willard, OH	—				108				1,560				—				—				108				1,560				1,668				93				1995		03/18		30
Wooster, OH	—				255				2,273				—				—				255				2,273				2,528				163				1979		03/18		25
Wooster, OH	—				323				2,791				—				—				323				2,791				3,114				167				1994		03/18		30
Whataburger:
Albuquerque, NM	—				624				419				—				—				624				419				1,043				189				1995		12/01		40
Wherehouse Music:
Independence, MO	—				503				1,209				—				—				503				1,209				1,712				425				1994		12/05		40

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					Initial Cost  to Company								Costs Capitalized Subsequent to Acquisition								Gross Amount at Which Carried at Close of Period (a) (b)																				Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances				Land				Building, Improvements & Leasehold Interests				Improvements				Carrying Costs				Land				Building, Improvements & Leasehold Interests				Total				Accumulated Depreciation and Amortization				Date  of Construction		Date Acquired
Winn-Dixie:
Seffner, FL	—				322				1,222				—				—				322				1,222				1,544				495				1983		03/99		40
XLerate Auto Auction:
El Paso, TX	—				2,858				1,133				—				—				2,858				1,133				3,991				161				1987		06/16		25
Jenison, MI	—				1,334				3,513				1,893				—				1,058				4,678				5,736				456				1984		10/16		30
Lubbock, TX	—				301				1,507				58				—				369				905				1,274				113				1980		11/16	(m)	25
Corry, PA	—				300				1,772				—				—				300				1,772				2,072				38				1975		06/19		25
Obetz, OH	—				11,899				14,149				—				—				11,899				14,149				26,048				118				1980		10/19		25
Ziebart:
Maplewood, MN	—				308				311				—				—				308				311				619				116				1990		02/05		40
Middleburg Heights, OH	—				199				148				—				—				199				148				347				55				1961		02/05		40
Leasehold Interests:
Oklahoma City, OK	—				(l)				1,419				—				—				(l)				355				355				210				1997		06/97		5
SUBTOTAL	$	11,837			$	2,480,496			$	4,875,374			$	1,113,943			$	—			$	2,492,984			$	5,917,880			$	8,410,864			$	1,148,277

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					Initial Cost  to Company								Costs Capitalized Subsequent to Acquisition								Gross Amount at Which Carried at Close of Period (a) (b)																				Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances				Land				Building, Improvements & Leasehold Interests				Improvements				Carrying Costs				Land				Building, Improvements & Leasehold Interests				Total				Accumulated Depreciation and Amortization				Date  of Construction		Date Acquired
Real Estate Held for Investment the Company has Invested in Under Direct Financing Leases:
CVS:
Warr Acres, OK	$	—			(l)				$	1,365			$	—			$	—			(l)				(c)				(c)				(c)				1997		06/97		(c)
Denny's:
Stockton, CA	—				940				509				—				—				(d)				(d)				(d)				(d)				1982		09/06		(d)
Jared Jewelers:
Lewisville, TX	—				(l)				1,503				—				—				(l)				(c)				(c)				(c)				1998		12/01		(c)
Rite Aid:
Kennett Square, PA	—				(l)				0				1,984				—				(l)				(c)				(c)				(c)				2000		12/00		(c)
Sunshine Energy:
Altamont, KS	—				124				142				—				—				(d)				(d)				(d)				(d)				1979		07/09		(d)
Walgreens:
Arlington, VA	—				(l)				3,201				—				—				(l)				(c)				(c)				(c)				2000		02/02		(c)
SUBTOTAL	$	—			$	1,064			$	6,720			$	1,984			$	—			$	—			$	—			$	—			$	—

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					Initial Cost  to Company								Costs Capitalized Subsequent to Acquisition								Gross Amount at Which Carried at Close of Period (a) (b)																				Life on Which Depreciation & Amortization in Latest Income Statement is Computed (Years)
	Encumbrances				Land				Building, Improvements & Leasehold Interests				Improvements				Carrying Costs				Land				Building, Improvements & Leasehold Interests				Total				Accumulated Depreciation and Amortization				Date  of Construction		Date Acquired
Real Estate Held for Sale the Company has Invested in:
Fuel-On:
Bloomsburg, PA	$	—			$	541			$	146			$	—			$	—			$	311			$	105			$	416			$	105			1967		08/05		40
Danville, PA	—				180				359				—				—				180				232				412				125				1988		01/06		40
Mister Car Wash:
Houston, TX	—				2,260				1,806				—				—				2,260				1,806				4,066				918				1975		04/07		25
Uni-Mart:
McSherrystown, PA	—				135				365				—				—				135				365				500				127				1988		01/06		40
Vacant Property:
Sacramento, CA	—				1,144				2,961				—				—				1,144				2,462				3,606				1,703				1996		12/96		40
Bay City, MI	—				647				634				—				—				647				561				1,208				282				1997		12/01		40
Chicago, IL	—				90				239				—				—				62				130				192				130				1949		11/11		40
SUBTOTAL	$	—			$	4,997			$	6,510			$	—			$	—			$	4,739			$	5,661			$	10,400			$	3,390

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NOTES TO SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION AND AMORTIZATION

December 31, 2019

(dollars in thousands)

 

(a)	Transactions in real estate and accumulated depreciation during 2019, 2018, and 2017 are summarized as follows:

	2019				2018				2017
Land, buildings, and leasehold interests:
Balance at the beginning of year	$	7,883,633			$	7,314,132			$	6,647,597
Acquisitions, completed construction and tenant improvements	733,376				706,903				744,577
Disposition of land, buildings, and leasehold interests	(138,332		)		(109,590		)		(73,089		)
Provision for loss on impairment of real estate	(29,975		)		(27,812		)		(4,953		)
Balance at the close of year	$	8,448,702			$	7,883,633			$	7,314,132
Accumulated depreciation and amortization:
Balance at the beginning of year	$	1,016,271			$	881,121			$	742,467
Disposition of land, buildings, and leasehold interests	(44,185		)		(28,076		)		(14,035		)
Depreciation and amortization expense	179,581				163,226				152,689
Balance at the close of year	$	1,151,667			$	1,016,271			$	881,121

As of December 31, 2019, 2018, and 2017, the detailed real estate schedule excludes work in progress of $27,438, $8,017 and $41,920, respectively, which is included in the above reconciliation.

(b)	As of December 31, 2019, the leases are treated as either operating or financing leases for federal income tax purposes. As of December 31, 2019, the aggregate cost of the properties owned by NNN that are under operating leases were $8,338,530 and financing leases were $2,703.

(c)	For financial reporting purposes, the portion of the lease relating to the building has been recorded as a direct financing lease; therefore, depreciation is not applicable.

(d)	For financial reporting purposes, the lease for the land and building has been recorded as a direct financing lease; therefore, depreciation is not applicable.

(e)	NNN owns only the land for this property.

(f)	Date acquired represents acquisition date of land. Pursuant to lease agreement, NNN purchased the buildings from the tenants upon completion of construction, generally within 12 months from the acquisition of the land.

(g)	Date acquired represents acquisition date of land. NNN developed the buildings, generally completing construction within 12 months from the acquisition date of the land.

(h)	As of December 31, 2018, this property has been classified as held for sale. Accumulated depreciation and amortization were recorded prior to this reclassification.

(i)	NNN owns only the land for this property, which is subject to a ground lease between NNN and the tenant. The tenant funded the improvements on the property.

(j)	Property is encumbered as a part of NNN's $15,151 long-term, fixed rate mortgage and security agreement, net of premium.

(k)	Pursuant to lease agreement, NNN funds the tenant's construction draws. Building improvements are pending final funding which is anticipated to occur within six months. Depreciation is based on store opening and costs to date, and will be adjusted at time of final funding.

(l)	NNN owns only the building for this property. The land is subject to a ground lease between NNN and an unrelated third party.

(m)	Date acquired represents acquisition date of land. Pursuant to lease agreement, NNN funds the tenant's construction draws, final funding occurs generally within 12 months from the acquisition of the land.

(n)	The tenant of this property has subleased the property. The tenant continues to be responsible for complying with all the terms of the lease agreement and is continuing to pay rent on this property to NNN.

(o)	Date acquired represents acquisition date of land and building. Pursuant to lease agreement, NNN funds additional tenant construction draws. Final funding generally within 12 months from acquisition.

(p)	The land is subject to a ground lease between NNN and an unrelated third party. Pursuant to the lease agreement, NNN funds the tenant's construction draws, final funding occurs generally within 12 months from the execution of the ground lease.

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SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE

December 31, 2019

(dollars in thousands)

 

Description

Interest Rate

Maturity Date

Periodic Payment Terms

Prior Liens

Face  Amount of Mortgages

Carrying Amount of Mortgages (b)

Principal Amount of Loans Subject to Delinquent Principal or Interest

First mortgages on properties:

$

—

$

—

(a)

$

—

(a)	The following shows the changes in the carrying amounts of mortgage loans during the years:

	2019						2018						2017
Balance at beginning of year	$	—					$	—					$	1,250
New mortgage loans	3,100						—						—
Deductions during the year:
Collections of principal	(3,100		)				—						(1,250		)
Foreclosures	—						—						—
Balance at the close of year	$	—					$	—					$	—

(b)	There were no mortgages outstanding at December 31, 2019, 2018 and 2017.