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Operating Leases
9 Months Ended
Sep. 30, 2021
Leases [Abstract]  
Operating Leases Operating Leases
A. At September 30, 2021, we owned 7,018 properties in all 50 U.S. states, Puerto Rico, the U.K. and Spain. Of the 7,018 properties, 6,961, or 99.2%, are single-client properties, and the remaining are multi-client properties. At September 30, 2021, 86 properties were available for lease or sale.
Substantially all of our leases are net leases where our client pays or reimburses us for property taxes and assessments, maintains the interior and exterior of the building and leased premises, and carries insurance coverage for public liability, property damage, fire and extended coverage.
Rent based on a percentage of our client's gross sales, or percentage rents, for the three months ended September 30, 2021 and 2020 was $441,000 and $532,000, respectively. Percentage rents for the nine months ended September 30, 2021 and 2020 were $2.0 million and $2.3 million, respectively.
B. Major Clients - No individual client’s rental revenue, including percentage rents, represented more than 10% of our total revenue for each of the nine months ended September 30, 2021 and 2020.