Company: GIPRW
Filing Date: 2025-08-20
Form Type: 8-K
Source: 0000950170-25-110447
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Company: GENERATION INCOME PROPERTIES, INC.
Filing Date: 2025-08-20
Form: 8-K
Item: Item 1.01
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Item 1.01 Entry into a Material Definitive Agreement

On August 18, 2025, Generation Income Properties, Inc. (the “ Company”), through its subsidiary GIPCO 585 24 1/2 Road, LLC, entered into a Second Amendment to Lease (the “ Amendment”) with Best Buy Stores, L. P.(the “ Lessee”) for its property located at 585 24½ Road, Grand Junction, Colorado. Pursuant to the Amendment, the Lessee exercised its second renewal option under the lease prior to the commencement date of such renewal term. In connection with the early exercise, the parties agreed to modify the base rent applicable to the second renewal term. As amended, the base rent for the second renewal term, which begins on April 1, 2027, will be $376,087 annually, representing a decrease from the originally scheduled renewal rent of $388,367, but an increase from the current base rent of $353,061. All other material terms of the lease remain in full force and effect.

Item 7.01 Regulation FD Disclosure