Allowance for Doubtful Accounts	3 Months Ended
Mar. 31, 2017
Allowance for Doubtful Accounts
Allowance for Doubtful Accounts	Note 7 — Allowance for Doubtful Accounts The Company maintains an allowance for doubtful accounts for estimated losses resulting from the inability of a tenant to make required rent payments. If the financial condition of a specific tenant were to deteriorate, adversely impacting its ability to make payments, allowances may be required. At March 31, 2017 and December 31, 2016, there was no balance in allowance for doubtful accounts. The Company records bad debt expense as a reduction of rental income and/or tenant reimbursements. In March 2017, hhgregg, Inc., the tenant at two of the Company’s properties in Illinois, filed for Chapter 11 bankruptcy protection. This tenant accounted for less than 1.5% of rental income for each of the three months ended March 31, 2017 and 2016. During the three months ended March 31, 2017, the Company recorded bad debt expense of $296,000 relating to tenant reimbursements due from this tenant and wrote-off (i) $263,000 of unbilled straight-line rent receivable as a reduction to rental income and (ii) $646,000 of tenant origination costs as an increase to depreciation expense. The Company has determined that no impairment charge is required with respect to these two properties, which at March 31, 2017, had an aggregate net book value of $5,934,000. In March 2016, Sports Authority Inc., the tenant at the Company’s Greenwood Village, Colorado property, filed for Chapter 11 bankruptcy protection and in June 2016, such tenant vacated the property. This tenant accounted for less than 1% of the Company’s rental income for the three months ended March 31, 2016. The Company recorded bad debt expense of $153,000 for the three months ended March 31, 2016, relating to rental income and tenant reimbursements due from this tenant. The Company has determined that no impairment charge is required with respect to this property, which at March 31, 2017, had a net book value of $2,605,000.

Note 7 — Allowance for Doubtful Accounts

The Company maintains an allowance for doubtful accounts for estimated losses resulting from the inability of a tenant to make required rent payments. If the financial condition of a specific tenant were to deteriorate, adversely impacting its ability to make payments, allowances may be required. At March 31, 2017 and December 31, 2016, there was no balance in allowance for doubtful accounts.

The Company records bad debt expense as a reduction of rental income and/or tenant reimbursements.

In March 2017, hhgregg, Inc., the tenant at two of the Company’s properties in Illinois, filed for Chapter 11 bankruptcy protection. This tenant accounted for less than 1.5% of rental income for each of the three months ended March 31, 2017 and 2016. During the three months ended March 31, 2017, the Company recorded bad debt expense of $296,000 relating to tenant reimbursements due from this tenant and wrote-off (i) $263,000 of unbilled straight-line rent receivable as a reduction to rental income and (ii) $646,000 of tenant origination costs as an increase to depreciation expense. The Company has determined that no impairment charge is required with respect to these two properties, which at March 31, 2017, had an aggregate net book value of $5,934,000.

In March 2016, Sports Authority Inc., the tenant at the Company’s Greenwood Village, Colorado property, filed for Chapter 11 bankruptcy protection and in June 2016, such tenant vacated the property. This tenant accounted for less than 1% of the Company’s rental income for the three months ended March 31, 2016. The Company recorded bad debt expense of $153,000 for the three months ended March 31, 2016, relating to rental income and tenant reimbursements due from this tenant. The Company has determined that no impairment charge is required with respect to this property, which at March 31, 2017, had a net book value of $2,605,000.