Generation Income Properties, Inc. announced the successful execution of an early long-term lease extension with Best Buy Stores, L.P. (NYSE:BBY). This extension pertains to its property located in Grand Junction, Colorado.
This agreement secures future rental income from a major, recognized tenant. The early extension demonstrates Best Buy's commitment to the location and to Generation Income Properties.
The new lease agreement includes an increased rent, which will contribute positively to the company's annualized base rent. This development enhances the stability and growth potential of GIPR's revenue stream.
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