GENERATION INCOME PROPERTIES, INC. 8-K

What Happened

• GENERATION INCOME PROPERTIES, INC. (through indirect wholly owned subsidiary GIPFL 10002 N Dale Mabry, LLC) announced the closing of the sale of its Starbucks-occupied net lease retail property at 10002 N. Dale Mabry Highway, Tampa, Florida.
• The Purchase and Sale Agreement was effective April 10, 2026; the sale closed on May 22, 2026. The buyer was Andrew Livingstone (assignment to 10002 N Dale Mabry, LLC).

Key Details

• Purchase price: $2,964,000.
• Net proceeds to the Company after customary prorations and adjustments: $1,959,170.
• The Company filed unaudited pro forma consolidated financial statements (Exhibit 99.1) showing the sale’s effect: pro forma operations assume the sale occurred Jan 1, 2025 for the income statements and as of March 31, 2026 for the balance sheet.
• Purchase and Sale Agreement is attached as Exhibit 10.1 to the 8-K.

Why It Matters

• The transaction converts a net-lease real estate asset (Starbucks-occupied) into cash, increasing the Company’s liquidity by roughly $1.96 million in net proceeds.
• Investors should note the portfolio change: the Company has one fewer income-producing net-lease retail property going forward, and the attached pro forma financials show how the sale affects historical results and the balance sheet.