Company: GIPRW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0000950170-25-046959
Chunk: 168

Company: GENERATION INCOME PROPERTIES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 7
Chunk 168
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 31, 2023, we had accounts payable, accrued expenses and insurance payable totaling $2,023,338 and $1,813,231, respectively. Outstanding indebtedness consisted of the following as of December 31, 2024 and December 31, 2023: 

 42

    Occupying Tenant
     
    Location
    Original Loan Amount

    Interest Rate
     
    Maturity Date
    12/31/2024
     
    12/31/2023
     
    Debt Service Coverage Ratios ("DSCR") Required

    7-Eleven Corporation, Starbucks Corporation & Auburn University
     
    Washington, D.C., Tampa, FL, and Huntsville, AL
    $
    11,287,500
     
     (a)
    4.17%
     
    3/6/2030
    $
    10,602,711
     
    $
    10,757,239
     
    1.25

    General Services Administration-Navy & AYMCA
     
    Norfolk, VA
     
    8,260,000
     
    (f)
    6.15%
     
    8/30/2029
     
    7,119,184

    7,341,804
     
    1.25

    PRA Holdings, Inc.
     
    Norfolk, VA
     
    5,216,749
     
     (f)
    6.15%
     
    8/23/2029
     
    4,410,949

    4,562,722
     
    1.25

    Sherwin Williams Company
     
    Tampa, FL
     
    1,286,664

    3.72%
    (b)
    8/10/2028
     
    1,255,068

    1,286,664
     
    1.20

    General Services Administration-FBI
     
    Manteo, NC
     
    928,728
     
     (c)
    3.85%
     (d)
    3/31/2032
     
    891,071

    913,958
     
    1.50

    Irby Construction