Generation Income Properties (GIPR) nets $639K from Dollar Tree property sale

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Generation Income Properties, Inc. completed the sale of a Dollar Tree–occupied net lease retail property in Morrow, Georgia for $1,458,000. The indirect wholly owned subsidiary GIPGA 2383 Lake Harbin Road, LLC closed the transaction on April 17, 2026, generating net proceeds to the company of $639,152.49 after customary prorations and adjustments.

The deal was carried out under a Purchase and Sale Agreement effective March 23, 2026, as amended on April 2, 2026, with Vanguard Asset Holdings, LLC, Series 102 as purchaser. The company plans to file any required pro forma financial information for this asset disposition by amendment.

Insights

GIPR sells a single Dollar Tree–leased asset, adding cash with limited disclosed impact.

Generation Income Properties sold its Dollar Tree–occupied property in Morrow, Georgia for $1,458,000, receiving net proceeds of $639,152.49. This is a discrete asset sale by an indirect wholly owned subsidiary rather than a portfolio-wide shift.

The filing does not quantify gain or loss on the sale or how proceeds will be redeployed, so the economic impact on earnings and dividends is not clear from this excerpt alone. Any required pro forma financial information will be provided by amendment, which should clarify how this disposition affects future financial statements.

8-K Event Classification

2 items: 2.01, 9.01

2 items

Item 2.01 Completion of Acquisition or Disposition of Assets Financial

The company completed a significant acquisition or sale of business assets.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Purchase price: $1,458,000 Net proceeds: $639,152.49 Closing date: April 17, 2026 +2 more

5 metrics

Purchase price $1,458,000 Sale of Dollar Tree–occupied Morrow, Georgia property

Net proceeds $639,152.49 Cash to Generation Income Properties from sale after adjustments

Closing date April 17, 2026 Completion of acquisition or disposition of assets

Agreement effective date March 23, 2026 Purchase and Sale Agreement between GIPGA 2383 Lake Harbin Road, LLC and Vanguard Asset Holdings

First Amendment date April 2, 2026 First Amendment to Purchase and Sale Agreement

Key Terms

net lease retail property, Purchase and Sale Agreement, pro forma financial information, emerging growth company

4 terms

net lease retail property financial

"completed the sale of its Dollar Tree-occupied net lease retail property located at 2383 Lake Harbin Road"

Purchase and Sale Agreement regulatory

"pursuant to a Purchase and Sale Agreement (as amended, the “Morrow Purchase and Sale Agreement”)"

A purchase and sale agreement is a legally binding contract that spells out exactly what is being bought or sold, the price, who must do what, the timeline, and any conditions that must be met before the deal closes — like a detailed recipe and checklist for a transaction. Investors care because this document determines when ownership or assets change hands, what risks or obligations remain, and which conditions (financing, approvals, inspections) could delay, alter, or void the deal and therefore affect a company’s value and stock price.

pro forma financial information financial

"The pro forma financial information required by Item 9.01(b), if required, will be filed by amendment"

Pro forma financial information are adjusted financial numbers that show how a company’s results might look after a specific event or after removing one-time items, like a cleaned-up or “what if” version of its earnings. Investors use these figures to compare performance, judge future profitability, or evaluate the impact of mergers, restructurings or large transactions, but they require scrutiny because adjustments can make results look rosier than standard accounting statements.

emerging growth company regulatory

"Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

Understanding 8-K Material Events →

04/23/2026 - 05:00 PM

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

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

     Date of Report (Date of earliest event reported): April 17, 2026

    

GENERATION INCOME PROPERTIES, INC.

(Exact name of Registrant as Specified in Its Charter)


Maryland	001-40771	47-4427295
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

401 East Jackson Street Suite 3300
Tampa, Florida		33602
(Address of Principal Executive Offices)		(Zip Code)

     Registrant’s Telephone Number, Including Area Code: 813 448-1234

    

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock par value $0.01 per share	GIPR	The Nasdaq Stock Market LLC
Warrants to purchase Common Stock	GIPRW	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.01 Completion of Acquisition or Disposition of Assets

On April 17, 2026, GIPGA 2383 Lake Harbin Road, LLC, an indirect wholly owned subsidiary of Generation Income Properties, Inc. (the “Company”), completed the sale of its Dollar Tree-occupied net lease retail property located at 2383 Lake Harbin Road in Morrow, Georgia (the “Property”), pursuant to a Purchase and Sale Agreement (as amended, the “Morrow Purchase and Sale Agreement”), entered into effective as of March 23, 2026, by and between GIPGA 2383 Lake Harbin Road, LLC, as seller, and Vanguard Asset Holdings, LLC, Series 102, as purchaser, as amended on April 2, 2026 (the “First Amendment”). The Property was sold for a purchase price of $1,458,000, subject to customary prorations and adjustments, resulting in net proceeds to the Company of $639,152.49.

The foregoing description of the Morrow Purchase and Sale Agreement, including the First Amendment, is qualified in its entirety by the full text of the Morrow Purchase and Sale Agreement and the First Amendment attached to this Current Report on Form 8-K as Exhibit 10.1 and 10.2, respectively.

Item 9.01 Financial Statements and Exhibits

(b) Pro Forma Financial Information. The pro forma financial information required by Item 9.01(b), if required, will be filed by amendment to this Current Report on Form 8-K.

(d) Exhibits


10.1	Purchase and Sale Agreement, entered into effective March 23, 2026, by and between GIPGA 2383 Lake Harbin Road, LLC and Vanguard Asset Holdings, LLC, Series 102.
10.2	First Amendment to Purchase and Sale Agreement, made and entered into effective April 2, 2026, by and between GIPGA 2383 Lake Harbin Road, LLC and Vanguard Asset Holdings, LLC, Series 102.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

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.


			GENERATION INCOME PROPERTIES, INC.

Date:	April 23, 2026	By:	/s/ David Sobelman
			David Sobelman Chief Executive Officer

Source: View Original Filing on SEC EDGAR

FAQ

What property did Generation Income Properties (GIPR) sell in this 8-K?

Generation Income Properties sold a Dollar Tree–occupied net lease retail property at 2383 Lake Harbin Road in Morrow, Georgia. The asset was owned through its indirect wholly owned subsidiary GIPGA 2383 Lake Harbin Road, LLC under a Purchase and Sale Agreement.

How much did Generation Income Properties (GIPR) receive from the Morrow property sale?

The Morrow, Georgia property sold for a purchase price of $1,458,000. After customary prorations and adjustments, Generation Income Properties reported net proceeds of $639,152.49 from the transaction, providing additional cash to the company from this single-asset disposition.

When did Generation Income Properties (GIPR) close the Dollar Tree property sale?

Generation Income Properties closed the sale on April 17, 2026. The underlying Purchase and Sale Agreement was effective March 23, 2026 and was amended on April 2, 2026 before the transaction’s completion and cash proceeds to the company.

Who bought the Morrow, Georgia property from Generation Income Properties (GIPR)?

The purchaser was Vanguard Asset Holdings, LLC, Series 102. The buyer acquired the Dollar Tree–occupied net lease property under a Purchase and Sale Agreement and First Amendment, both identified as exhibits 10.1 and 10.2 attached to the filing.

Will Generation Income Properties (GIPR) provide pro forma financials for this sale?

The company states that any pro forma financial information required for this asset disposition under Item 9.01(b) will be filed by amendment. Those financials would show how removing the property affects future financial statements and reported results.

Filing Exhibits & Attachments

3 documents

Generation Income Properties (GIPR) nets $639K from Dollar Tree property sale

Rhea-AI Filing Summary

Positive

Negative