UNITEDTable STATES SECURITIESof AND EXCHANGE COMMISSION Contents

~~WASHINGTON,~~UNITED ~~D.C.~~STATES ~~20549~~SECURITIES AND EXCHANGE COMMISSION

~~FORM~~WASHINGTON, ~~8-K~~D.C. 20549

~~CURRENT~~FORM ~~REPORT~~8-K ~~Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934~~

~~August 25,~~CURRENT ~~2005~~REPORT Pursuant to Section 13 or 15(~~Date~~d) of ~~earliest~~the ~~event~~Securities ~~reported)~~Exchange Act of 1934

~~CAPTEC~~June 15, ~~FRANCHISE~~2006 (Date ~~CAPITAL~~of ~~PARTNERS~~earliest ~~L.P.~~event IV reported)

~~(Exact~~CAPTEC ~~Name~~FRANCHISE ofCAPITAL ~~Registrant~~PARTNERS asL.P. ~~Specified in Its Charter)~~IV

~~Delaware~~ (~~State~~Exact orName ~~Other Jurisdiction~~ of ~~Incorporation)~~Registrant ~~333-9371~~as ~~(Commission~~Specified ~~File~~in ~~Number)~~Its ~~38-3304096 (IRS Employer Identification No.~~Charter)

24 Frank Lloyd Wright Drive Lobby L, 4th Floor Ann Arbor, Michigan (Address of Principal Executive Offices) 48106 (Zip Code)


Delaware	333-9371	38-3304096
(State or Other Jurisdiction	(Commission File Number)	(IRS Employer Identification No.)
of Incorporation)

(734) 994-5505 (Registrant’s Telephone Number, Including Area Code)


24 Frank Lloyd Wright Drive
Lobby L, 4th Floor
Ann Arbor, Michigan				48106
(Address of Principal Executive Offices)				(Zip Code)

(~~Former~~734) 994-5505 (Registrant’s ~~Name~~Telephone ~~or Former Address~~Number, ifIncluding ~~Changed~~Area ~~Since Last Report~~Code)

~~Check~~(Former ~~the~~Name ~~appropriate~~or ~~box~~Former ~~below~~Address, if ~~the~~Changed ~~Form~~Since ~~8-K~~Last ~~filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:~~ Report)

o Check ~~Written communications pursuant to Rule 425 under~~ the ~~Securities~~appropriate ~~Act~~box ~~(17~~below ~~CFR~~if ~~230.425) o Soliciting material pursuant to Rule 14a-12 under~~ the ~~Exchange~~Form ~~Act (17 CFR 240.14a~~8-~~12)~~K ofiling ~~Pre-commencement~~is ~~communications~~intended ~~pursuant~~ to ~~Rule~~simultaneously ~~14d-2(b) under~~ satisfy the ~~Exchange~~filing ~~Act~~obligation ~~(17~~of ~~CFR~~the ~~240.14d-2(b))~~registrant ounder ~~Pre-commencement~~any ~~communications~~of ~~pursuant to Rule 13e-4(c) under~~ the ~~Exchange~~following ~~Act (17 CFR 240.13e-4(c))~~provisions:

~~Item~~o ~~2.01.~~Written ~~Completion~~communications ofpursuant ~~Acquisition~~to orRule ~~Disposition~~425 ofunder ~~Assets~~the Securities Act (17 CFR 230.425)

Ono ~~August 25,~~Soliciting ~~2005,~~material ~~Captec Franchise Capital Partners L.P. IV (the “Partnership”) and Spirit SPE US Plainview, LLC (“Spirit”) consummated a transaction~~ pursuant to ~~which~~Rule ~~the~~14a-12 ~~Partnership~~under ~~sold to Spirit~~ the ~~Partnership’s~~Exchange ~~property~~Act ~~located~~(17 inCFR ~~Plainview, Texas and the related real property lease between the Partnership and United Supermarkets for a purchase price of $6,000,000~~240. 14a-12)

~~There~~o isPre-commencement nocommunications ~~material~~pursuant ~~relationship~~to ~~between~~Rule ~~the~~14d-2(b) ~~Partnership~~under orthe ~~its~~Exchange ~~affiliates~~Act ~~and~~(17 ~~Spirit,~~CFR ~~other than in respect of this transaction~~240. 14d- 2(b))

~~Item~~o ~~9.01.~~Pre-commencement ~~Financial~~communications ~~Statements~~pursuant ~~and~~to ~~Exhibits~~Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e- 4(c))

~~(a)~~TABLE NoOF financial statements are required to be filed as part of this Form 8-K. (b) No pro forma financial information is required to be filed as part of this Form 8-K. (c) No exhibits are required to be filed as part of this Form 8-K.CONTENTS

~~Forward-Looking~~Item 1.01. Entry into a Material Definitive Agreement Item 9.01. Financial Statements and Exhibits SIGNATURES Exhibit Index Purchase and Sale Agreement dated June 15, 2006

ThisTable Form 8-K contains forward-looking statements, which are any statements other than statements of historical fact. As utilized in this document, words such as “intends,” “anticipates,” “expects,” “will,” “could,” “estimate” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements, including statements concerning anticipated future revenues, by their nature involve substantial risks and uncertainties, many of which are beyond the Partnership’s control and the Partnership’s actual results may differ materially depending on a variety of important factors. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this Form 8-K. The Partnership disclaims any obligation to update or revise these forward-looking statements to reflect events or circumstances after the date of this Form 8-K or to reflect the occurrence of unanticipated events, except as may be required by law. Contents

~~SIGNATURES~~Section 1 – Registrant’s Business and Operations

~~Pursuant~~Item 1.01. toEntry ~~the~~into ~~requirements~~a ofMaterial ~~the~~Definitive ~~Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized~~Agreement.

CAPTEC FRANCHISE CAPITAL PARTNERS L.P. IV
By:		GP4 Asset Acquisition, LLCGeneral Partner of Captec Franchise Capital Partners L.P. IV
By:		/s/ Patrick L. Beach
		Patrick L. Beach President
Date:		August 25, 2005

On June 15, 2006, Captec Franchise Capital Partners L.P. IV (the “Partnership”) and Ruben Management LLC (“Purchaser”) executed a Purchase and Sale Agreement (the “Agreement”) pursuant to which the Partnership has agreed to sell to Purchaser the Partnership’s property located in Hamilton, Ohio and leased to Hollywood Entertainment Corporaton, Inc. for a purchase price of $1,450,000.

The closing of the transaction contemplated by the Agreement is contingent upon the satisfaction of certain customary conditions set forth more fully in the Agreement, including satisfactory completion of due diligence review by the Purchaser. The parties to the Agreement anticipate that the closing will occur on or before October 14, 2006.

There is no material relationship between the Partnership or its affiliates and the Purchaser, other than in respect of the Agreement.

Item 9.01. Financial Statements and Exhibits.

	(a)		No financial statements are required to be filed as part of this Form 8-K.

	(b)		No pro forma financial information is required to be filed as part of this Form 8-K.

	(c)		The following exhibit is filed as part of this Form 8-K:

Purchase and Sale Agreement between Ruben Management LLC and Captec Franchise Capital Partners L.P. IV, dated June 15, 2006.

Forward-Looking Statements

This Form 8-K contains forward-looking statements, which are any statements other than statements of historical fact. As utilized in this document, words such as “intends,” “anticipates,” “expects,” “will,” “could,” “estimate” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements, including statements concerning anticipated future revenues, by their nature involve substantial risks and uncertainties, many of which are beyond the Partnership’s control and the Partnership’s actual results may differ materially depending on a variety of important factors. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this Form 8-K. The Partnership disclaims any obligation to update or revise these forward-looking statements to reflect events or circumstances after the date of this Form 8-K or to reflect the occurrence of unanticipated events, except as may be required by law.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CAPTEC FRANCHISE CAPITAL PARTNERS L.P. IV


By:		GP4 Asset Acquisition, LLC
		General Partner of Captec Franchise Capital Partners L.P. IV

By:		/s/ Patrick L. Beach Patrick L. Beach
		President

Date: June 19, 2006

Exhibit Index


Exhibit No.		Description
99		Purchase and Sale Agreement between Ruben Management LLC and Captec Franchise Capital Partners L.P. IV, dated June 15, 2006.

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