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Acquired Properties | 12 Months Ended
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Dec. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Acquired Properties | Acquired Properties The following table reflects the retail properties acquired during the year ended December 31, 2025:
Month Acquired |  | Property |  | Market |  | Square Feet |  | Gross Acquisition Price |  | Assumption of Mortgage Debt
Apr-25 |  | Plaza Escondida (a) |  | Tucson, AZ |  | 91 |  | $ | 23,000 |  |  | $ | 7,981 |
Apr-25 |  | Carmel Village |  | Charlotte-Gastonia-Concord, NC |  | 54 |  | 19,925 |  |  | —
Jun-25 |  | West Ashley Station (b) |  | Charleston-Berkeley-Dorchester, SC |  | 79 |  | 26,600 |  |  | —
Jun-25 |  | Twelve Oaks Shopping Center |  | Savannah, GA |  | 106 |  | 35,850 |  |  | —
Jul-25 |  | The Marketplace at Encino Park |  | San Antonio, TX |  | 92 |  | 38,500 |  |  | —
Jul-25 |  | West Broad Marketplace |  | Richmond Metro Area, VA |  | 386 |  | 86,000 |  |  | —
Aug-25 |  | Asheville Market (c) |  | Asheville, NC |  | 130 |  | 45,700 |  |  | 22,281
Sep-25 |  | Rea Farms |  | Charlotte-Gastonia-Concord, NC |  | 183 |  | 80,000 |  |  | —
Dec-25 |  | Daniels Marketplace (d) |  | Cape Coral - Fort Myers, FL |  | 131 |  | 72,250 |  |  | 30,250
Dec-25 |  | Mesa Shores |  | Phoenix - Mesa - Chandler, AZ |  | 111 |  | 36,750 |  |  | —
|  |  |  |  |  | 1,363 |  | $ | 464,575 |  |  | $ | 60,512 |
(a)The Company recognized a fair value adjustment of $507 related to the mortgage payable secured by the property. (b)The Company recognized a finance lease liability of $10,973 associated with the ground lease assumed upon acquisition. See "Note 13. Commitments and Contingencies". (c)The Company recognized a fair value adjustment of $607 related to the mortgage payable secured by the property. (d)The Company recognized a fair value adjustment of $967 related to the mortgage payable secured by the property. The following table reflects the retail properties acquired during the year ended December 31, 2024:
Month Acquired |  | Property |  | Market |  | Square Feet |  | Gross Acquisition Price |  | Assumption of Mortgage Debt
Feb-24 |  | The Plant (a) |  | Phoenix, AZ |  | 57 |  | $ | 29,500 |  |  | $ | 13,000 |
Apr-24 |  | Moores Mill |  | Atlanta Metro Area, GA |  | 70 |  | 28,000 |  |  | — |
Jun-24 |  | Maguire Groves (b) |  | Orlando-Kissimmee, FL |  | 33 |  | 16,100 |  |  | — |
Aug-24 |  | Scottsdale North Marketplace |  | Phoenix, AZ |  | 66 |  | 23,000 |  |  | — |
Oct-24 |  | Stonehenge Village |  | Richmond, VA |  | 214 |  | 62,100 |  |  | — |
Nov-24 |  | The Forum |  | Cape Coral-Fort Myers, FL |  | 186 |  | 41,370 |  |  | — |
Dec-24 |  | Market at Mill Creek |  | Charleston-Berkeley-Dorchester, SC |  | 80 |  | 27,300 |  |  | — |
Dec-24 |  | Nexton Square |  | Charleston-Berkeley-Dorchester, SC |  | 134 |  | 54,700 |  |  | — |
|  |  |  |  |  | 840 |  | $ | 282,070 |  |  | $ | 13,000 |
(a)The Company recognized a fair value adjustment of $410 related to the mortgage payable secured by the property. (b)Maguire Groves is immediately adjacent to Plantation Grove, a Publix anchored neighborhood center wholly-owned by the Company. The Company operates these properties under the Plantation Grove name. The following table presents the Company's purchase price allocations of retail properties acquired, accounted for as asset acquisitions, during the year ended December 31, 2025 and 2024:
| 2025 Acquisitions |  | 2024 Acquisitions
| Amount |  | Weighted Average Useful Life (in Years) |  | Amount |  | Weighted Average Useful Life (in Years)
Land | $ | 72,346 |  |  | N/A |  | $ | 50,074 |  |  | N/A
Building, roofs, and site improvements | 326,873 |  |  | 28.1 |  | 195,281 |  |  | 27.2
Finance lease fair value adjustment (a) | (2,008) |  |  | 66.6 |  | — |  |  | N/A
In-place lease intangibles | 93,735 |  |  | 8.5 |  | 52,652 |  |  | 8.3
Above-market lease intangibles | 2,500 |  |  | 7.9 |  | 1,376 |  |  | 5.5
Mortgage payable fair value adjustments | 2,081 |  |  | 3.6 |  | 410 |  |  | 1.3
Below-market lease intangibles | (32,641) |  |  | 14.3 |  | (17,435) |  |  | 16.4
Net assets acquired | 462,886 |  |  |  |  | 282,358 |  |  |
Capitalized acquisition costs | (2,571) |  |  |  |  | (1,116) |  |  |
Closing credits | 4,260 |  |  |  |  | 828 |  |  |
Gross acquisition price | $ | 464,575 |  |  |  |  | $ | 282,070 |  |  |
(a)The Company recognized a fair value adjustment to the finance lease right-of-use ("ROU") asset related to the ground lease assumed upon the acquisition of West Ashley Station. See "Note 13. Commitments and Contingencies".

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- Definition The entire disclosure for asset acquisition. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 50 -Name Accounting Standards Codification -Section 15 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480123/805-50-15-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 50 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/805-50/tableOfContent + Details
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