12. Rental Income

The Company leases premises in its properties to tenants pursuant to lease agreements, which provide for terms ranging generally from five to 25 years. The majority of leases provide for additional rents based on tenants' sales volume. The weighted average remaining lease term is 11.7 years.

As of December 31, 2013, the future minimum rentals for the next five years from rental property under the terms of all non-cancellable tenant leases, assuming no new or renegotiated leases are executed for such premises, are as follows (in thousands):

For the Year Ending December 31,
2014	$	43,087
2015		41,889
2016		39,534
2017		38,991
2018		37,598
Thereafter		334,493

Total	$	535,592

Of these future minimum rentals, approximately 35.0% of the total is attributable to Walgreens, approximately .8% of the total is attributable to Kmart, approximately 8.0% is attributable to CVS, approximately 5.8% is attributable to Wawa, and approximately 2.2% is attributable to Walmart. Walgreens operates in the national drugstore chain industry, Kmart’s principal business is general merchandise retailing through a chain of discount department stores, CVS is a leading pharmacy provider, Wawa is a convenience store operator and Walmart is a general merchandise retailer through a chain of discount department stores. The loss of any of these tenants or the inability of any of them to pay rent could have an adverse effect on the Company’s business.

The Company’s properties are located primarily in the Midwestern United States and in particular Michigan. Of the Company’s 131 properties, 46 are located in Michigan.