Execution of Lease Extension
A press release (Exhibit 15.1) was issued on
March 31, 2021 stating Generation Income Properties, Inc. had signed a lease extension with Maersk Line Limited at its Norfolk, Virginia
location making the new renewal date December 31, 2022 with one, five-year option to renew further.
Maersk occupies 22,247 square feet of office
space within the building that is co-tenanted by the United States Government. The lease extension comes with a rental increase of 3%
annually, providing annual rental income of approximately $387 thousand.
The information furnished in this Item 9.0,
including Exhibit 15.1, is not deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as
amended (the “Exchange Act”), or otherwise subject to liability under that Section. This information will not be deemed to
be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent that
the Company specifically incorporates it by reference.
Safe Harbor Statement
This Current Report on Form 1-U contains forward-looking
statements within the meaning of the federal securities laws. You can identify these forward-looking statements by the use of words such
as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,”
“will,” “should,” “could,” “seeks,” “projects,” “predicts,” “intends,”
“plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words.
Such forward-looking statements are subject to various risks and uncertainties, including those described under the section entitled “Risk
Factors” in our Offering Circular, as such factors may be updated from time to time in our periodic filings and Offering Circular
supplements filed with the SEC, which are accessible on the SEC’s website at www.sec.gov. Accordingly, there are or will be important
factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should
not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in our filings
with the SEC. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information,
future developments or otherwise, except as required by law.
Exhibits:
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SIGNATURE
Pursuant to the requirements of Regulation
A, the issuer has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
GENERATION INCOME PROPERTIES, INC.
By: /s/ Richard Russell
Richard Russell
Chief Financial Officer
Date: March 31, 2021
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