Cim Income Nav 10-K 30 Mar 15 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
In Millions, except Share data, unless otherwise specified	Dec. 31, 2014	Jun. 30, 2014	Mar. 25, 2015
Entity Registrant Name	COLE REAL ESTATE INCOME STRATEGY (DAILY NAV), INC.
Entity Central Index Key	1498542
Document Type	10-K
Document Period End Date	31-Dec-14
Amendment Flag	FALSE
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	-19
Entity Filer Category	Non-accelerated Filer
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float		$93.40
Common Class W
Entity Common Stock, Shares Outstanding			6,100,000
Common Class A
Entity Common Stock, Shares Outstanding			899,444
Common Class I
Entity Common Stock, Shares Outstanding			260,017

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2014	Dec. 31, 2013
Investment in real estate assets:
Land	$46,455,000	$24,143,000
Buildings and improvements, less accumulated depreciation of $4,459 and $1,451, respectively	152,197,000	67,123,000
Intangible lease assets, less accumulated amortization of $2,521 and $795, respectively	26,853,000	11,530,000
Total investment in real estate assets, net	225,505,000	102,796,000
Investment in marketable securities	490,000	460,000
Total investment in real estate assets and marketable securities, net	225,995,000	103,256,000
Cash and cash equivalents	4,489,000	5,370,000
Restricted cash	25,000	105,000
Rents and tenant receivables	1,267,000	581,000
Prepaid expenses and other assets	364,000	107,000
Deferred financing costs, less accumulated amortization of $1,216 and $489, respectively	1,796,000	464,000
Total assets	233,936,000	109,883,000
LIABILITIES AND STOCKHOLDERS’ EQUITY
Line of credit and note payable	120,304,000	43,900,000
Accounts payable and accrued expenses	1,188,000	479,000
Escrowed investor proceeds	25,000	105,000
Due to affiliates	1,816,000	829,000
Acquired below market lease intangibles, less accumulated amortization of $279 and $126, respectively	2,058,000	1,348,000
Distributions payable	595,000	317,000
Deferred rental income and other liabilities	585,000	261,000
Total liabilities	126,571,000	47,239,000
Commitments and contingencies
Redeemable common stock	12,545,000	6,982,000
STOCKHOLDERS’ EQUITY:
Preferred stock, $0.01 par value; 10,000,000 shares authorized, none issued and outstanding	0	0
Capital in excess of par value	104,284,000	59,573,000
Accumulated distributions in excess of earnings	-9,539,000	-3,949,000
Accumulated other comprehensive income (loss)	3,000	-3,000
Total stockholders’ equity	94,820,000	55,662,000
Total liabilities and stockholders’ equity	233,936,000	109,883,000
A Shares common stock, $0.01 par value; 163,000,000 shares authorized, 897,376 and 23,767 shares issued and outstanding, respectively
STOCKHOLDERS’ EQUITY:
Shares common stock	9,000	0
I Shares common stock, $0.01 par value; 163,000,000 shares authorized, 256,525 and 129,176 shares issued and outstanding, respectively
STOCKHOLDERS’ EQUITY:
Shares common stock	3,000	1,000
W Shares common stock, $0.01 par value; 164,000,000 shares authorized, 6,012,043 and 3,993,916 shares issued and outstanding, respectively
STOCKHOLDERS’ EQUITY:
Shares common stock	$60,000	$40,000

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified
Accumulated depreciation on buildings and improvements	$4,459	$1,451
Accumulated amortization on acquired intangible lease assets	2,521	795
Accumulated amortization on deferred financing costs	1,216	489
Accumulated amortization on acquired below market lease intangible	$279	$126
Preferred stock, par value (usd per share)	$0.01	$0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (usd per share)	$0.01
Common stock, shares authorized	490,000,000
Common stock, shares outstanding	8,200,000
Common Class W
Common stock, par value (usd per share)	$0.01	$0.01
Common stock, shares authorized	164,000,000	164,000,000
Common stock, shares issued	6,012,043	3,993,916
Common stock, shares outstanding	6,012,043	3,993,916
Common Class A
Common stock, par value (usd per share)	$0.01	$0.01
Common stock, shares authorized	163,000,000	163,000,000
Common stock, shares issued	897,376	23,767
Common stock, shares outstanding	897,376	23,767
Common Class I
Common stock, par value (usd per share)	$0.01	$0.01
Common stock, shares authorized	163,000,000	163,000,000
Common stock, shares issued	256,525	129,176
Common stock, shares outstanding	256,525	129,176

Consolidated_Statement_of_Oper

Consolidated Statement of Operations (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Revenues:
Rental and other property income	$12,338	$4,748	$2,537
Tenant reimbursement income	959	336	150
Interest income on marketable securities	8	5	1
Total revenues	13,305	5,089	2,688
Expenses:
General and administrative expenses	1,337	1,100	890
Property operating expenses	1,134	391	193
Advisory expenses	2,002	806	199
Acquisition related expenses	1,495	852	21
Depreciation	3,008	1,011	422
Amortization	1,527	519	228
Total operating expenses	10,503	4,679	1,953
Operating income	2,802	410	735
Other expense:
Interest and other expense, net	2,551	944	815
Net income (loss)	$251	($534)	($80)
Weighted average number of common shares outstanding:
Basic and diluted (shares)	6,019,518	2,509,921	722,190
Net income (loss) per common share:
Basic and diluted (in dollars per share)	$0.04	($0.21)	($0.11)

Consolidated_Statement_of_Comp

Consolidated Statement of Comprehensive Income (Loss) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Statement of Comprehensive Income [Abstract]
Net income (loss)	$251	($534)	($80)
Other comprehensive income (loss):
Reclassification of previous unrealized loss on marketable securities into net loss	0	1	0
Unrealized gain (loss) on marketable securities	6	-5	1
Total other comprehensive income (loss)	6	-4	1
Comprehensive income (loss)	$257	($538)	($79)

Consolidated_Statement_of_Stoc

Consolidated Statement of Stockholders' Equity (USD $)	Total	Common Class W	Common Class A	Common Class I	Common Stock	Common Stock	Common Stock	Common Stock	Capital in Excess of Par Value	Accumulated Distributions in Excess of Earnings	Accumulated Other Comprehensive Income
	USD ($)	USD ($)	USD ($)			Common Class W	Common Class A	Common Class I	USD ($)	USD ($)	USD ($)
						USD ($)	USD ($)	USD ($)
Balance at Dec. 31, 2011	$9,667,000					$7,000	$0	$0	$10,114,000	($454,000)	$0
Balance, shares at Dec. 31, 2011						680,000	0	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, shares						234,037
Issuance of common stock	3,729,000					2,000			3,727,000
Distributions to investors	-606,000									-606,000
Dealer manager fees	-33,000
Other offering costs	-28,000								-28,000
Changes in redeemable common stock	-3,770,000
Comprehensive income (loss)	-79,000									-80,000	1,000
Balance at Dec. 31, 2012	8,880,000					9,000	0	0	10,010,000	-1,140,000	1,000
Balance, shares at Dec. 31, 2012						914,037	0	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, shares						3,247,362	23,767	235
Issuance of common stock	54,085,000					32,000	0	0	54,053,000
Transfer of common stock, shares						-128,941		128,941
Transfer of common stock	0					-1,000		1,000
Distributions to investors	-2,275,000									-2,275,000
Dealer manager fees	-245,000								-245,000
Other offering costs	-406,000								-406,000
Redemptions of common stock, shares						-38,542
Redemptions of common stock	-627,000					-627,000
Changes in redeemable common stock	-3,212,000								-3,212,000
Comprehensive income (loss)	-538,000									-534,000	-4,000
Balance at Dec. 31, 2013	55,662,000					40,000	0	1,000	59,573,000	-3,949,000	-3,000
Balance, shares at Dec. 31, 2013		3,993,916	23,767	129,176		3,993,916	23,767	129,176
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, shares					4,100,000	3,070,377	874,181	127,349
Issuance of common stock	69,949,000					31,000	9,000	2,000	69,907,000
Distributions to investors	-5,841,000									-5,841,000
Dealer manager fees	-1,155,000								-1,155,000
Other offering costs	-520,000								-520,000
Redemptions of common stock, shares		-1,090,792	-572			-1,052,250	-572
Redemptions of common stock	-17,969,000	-18,000,000	-10,000			-11,000	0		-17,958,000
Changes in redeemable common stock	-5,563,000								-5,563,000
Comprehensive income (loss)	257,000									251,000	6,000
Balance at Dec. 31, 2014	$94,820,000					$60,000	$9,000	$3,000	$104,284,000	($9,539,000)	$3,000
Balance, shares at Dec. 31, 2014	8,200,000	6,012,043	897,376	256,525		6,012,043	897,376	256,525

Consolidated_Statement_of_Cash

Consolidated Statement of Cash Flows (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Cash flows from operating activities:
Net income (loss)	$251	($534)	($80)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation	3,008	1,011	422
Amortization of intangible lease assets and below market lease intangibles, net	1,573	474	188
Amortization of deferred financing costs	727	300	177
Amortization on marketable securities, net	2	3	1
(Gain) Loss on sale of marketable securities	-1	2	0
Changes in assets and liabilities:
Rents and tenant receivables	-686	-271	-269
Prepaid expenses and other assets	-257	-2	-103
Accounts payable and accrued expenses	709	105	245
Deferred rental income and other liabilities	324	141	1
Due to affiliates	924	421	93
Net cash provided by operating activities	6,574	1,650	675
Cash flows from investing activities:
Investment in real estate and related assets	-126,580	-70,734	-2,921
Investment in marketable securities	-290	-361	-243
Proceeds from sale of marketable securities	265	119	16
Change in restricted cash	80	17	-122
Net cash used in investing activities	-126,525	-70,959	-3,270
Cash flows from financing activities:
Proceeds from line of credit and note payable	119,358	48,875	1,675
Repayments of line of credit	-42,954	-25,615	-2,475
Proceeds from issuance of common stock	67,631	53,451	3,722
Offering costs on issuance of common stock	-1,612	-578	0
Redemptions of common stock	-17,969	-627	0
Distributions to investors	-3,245	-1,389	-570
Change in escrowed investor proceeds liability	-80	-17	122
Deferred financing costs paid	-2,059	-419	-16
Net cash provided by financing activities	119,070	73,681	2,458
Net (decrease) increase in cash and cash equivalents	-881	4,372	-137
Cash and cash equivalents, beginning of year	5,370	998	1,135
Cash and cash equivalents, end of year	4,489	5,370	998
Supplemental Disclosures of Non-Cash Investing and Financing Activities:
Common stock issued through distribution reinvestment plan	2,318	634	8
Distributions declared and unpaid	595	317	65
Accrued dealer manager fee and other offering costs	273	210	137
Unrealized gain (loss) on marketable securities	6	-5	1
Reclassification of unrealized loss on marketable securities into net loss	0	1	0
Supplemental Cash Flow Disclosures:
Interest paid	$1,728	$602	$634

Organization_and_Business

Organization and Business	12 Months Ended
	Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BUSINESS	ORGANIZATION AND BUSINESS
	Cole Real Estate Income Strategy (Daily NAV), Inc. (the “Company”) is a Maryland corporation that was formed on July 27, 2010, which has elected to be taxed, and currently qualifies, as a real estate investment trust (“REIT”) for federal income tax purposes. Substantially all of the Company’s business is conducted through Cole Real Estate Income Strategy (Daily NAV) Operating Partnership, LP (“Cole OP”), a Delaware limited partnership. The Company is the sole general partner of, and owns directly or indirectly, 100% of the partnership interest in, Cole OP. The Company is externally managed by Cole Real Estate Income Strategy (Daily NAV) Advisors, LLC, a Delaware limited liability company (“Cole Advisors”), an affiliate of the Company’s sponsor, Cole Capital®, which is a trade name used to refer to a group of affiliated entities directly or indirectly controlled by American Realty Capital Properties, Inc. (“ARCP”), a self-managed publicly traded REIT, organized as a Maryland corporation, listed on The NASDAQ Global Select Market. On February 7, 2014, ARCP acquired Cole Real Estate Investments, Inc. (“Cole”), which, prior to its acquisition, indirectly owned and/or controlled the Company’s external advisor, Cole Advisors, the Company’s dealer manager, Cole Capital Corporation (“CCC”), the Company’s property manager, CREI Advisors, LLC (“CREI Advisors”), and Cole Capital. As a result of ARCP’s acquisition of Cole, ARCP indirectly owns and/or controls Cole Advisors, CCC, CREI Advisors and Cole Capital.
	Effective as of December 12, 2014, Nicholas S. Schorsch resigned as a director, the chairman of the Board of Directors (the “Board”), the chief executive officer and the president of the Company. In addition, effective as of December 12, 2014, Mr. Schorsch resigned as the chief executive officer of Cole Advisors, and as the executive chairman of ARCP. On December 19, 2014, Michael T. Ezzell was appointed as chairman of the board of directors, the chief executive officer and the president of the Company by the Board. On September 5, 2014, Simon J. Misselbrook was appointed chief financial officer and treasurer of the Company by the Company’s board of directors and, on March 24, 2015, Christine T. Brown was appointed principal accounting officer of the Company by the Company’s board of directors.
	An affiliate of ARCP entered into a definitive agreement (the “RCAP Agreement”), dated as of September 30, 2014, with RCS Capital Corporation (“RCAP”) pursuant to which RCAP would have acquired Cole Capital. The acquisition would have included Cole Advisors and CCC. Additionally, the parties entered into a strategic arrangement by which an indirect wholly-owned subsidiary of ARCP would have acted as sub-advisor to the non-traded REITs sponsored by Cole Capital (the “Managed Funds”), including the Company, and would have acquired property and managed real estate assets for the Managed Funds.
	On November 3, 2014, RCAP publicly announced that it had notified ARCP of its purported termination of the RCAP Agreement. Also on November 3, 2014, ARCP publicly announced that it had informed RCAP that RCAP’s attempt to terminate the RCAP Agreement constituted a breach of the RCAP Agreement. On November 11, 2014, ARCP filed a complaint in the Court of Chancery of the State of Delaware against RCAP alleging that RCAP’s attempt to terminate the RCAP Agreement constituted a breach of the RCAP Agreement and seeking, among other things, specific performance of the RCAP Agreement or, in the alternative, money damages. On December 4, 2014, ARCP announced that it had entered into a settlement agreement with RCAP that resolved their dispute over RCAP’s attempt to terminate the RCAP Agreement. ARCP received $60.0 million in the settlement.
	On December 6, 2011, pursuant to a registration statement filed on Form S-11 (Registration No. 333-169535) (the “Initial Registration Statement”) under the Securities Act of 1933, as amended (the “Securities Act”), the Company commenced its initial public offering on a “best efforts” basis of $4.0 billion in shares of common stock. On August 26, 2013, pursuant to a registration statement filed on Form S-11 (Registration No. 333-186656) (the “Multi-Class Registration Statement”) under the Securities Act, the Company designated the existing shares of the Company’s common stock that were sold prior to such date to be Wrap Class shares (“W Shares”) of common stock and registered two new classes of the Company’s common stock, Advisor Class shares (“A Shares”) and Institutional Class shares (“I Shares”). Pursuant to the Multi-Class Registration Statement, the Company is offering up to $4.0 billion in shares of common stock of the three classes (the “Offering”), consisting of $3.5 billion in shares in the Company’s primary offering (the “Primary Offering”) and $500.0 million in shares pursuant to a distribution reinvestment plan (the “DRIP”). The Company is offering to sell any combination of W Shares, A Shares and I Shares with a dollar value up to the maximum offering amount.
	The per share purchase price for each class of common stock varies from day-to-day and, on each business day, is equal to, for each class of common stock, the Company’s net asset value (“NAV”) for such class, divided by the number of shares of that class outstanding as of the close of business on such day, plus, for A Shares sold in the Primary Offering, applicable selling commissions. The Company’s NAV per share is calculated daily as of the close of business by an independent fund accountant using a process that reflects (1) estimated values of each of the Company’s commercial real estate assets, related liabilities and notes receivable secured by real estate provided periodically by the Company’s independent valuation expert in individual appraisal reports, (2) daily updates in the price of liquid assets for which third party market quotes are available, (3) accruals of daily distributions, and (4) estimates of daily accruals, on a net basis, of operating revenues, expenses, debt service costs and fees. As of December 31, 2014 the NAV per share for W Shares, A Shares, and I Shares was $17.51, $17.45, and $17.55, respectively. The Company’s NAV is not audited or reviewed by its independent registered public accounting firm.
	The Company intends to use substantially all of the net proceeds from the Offering to acquire and operate a diversified portfolio primarily consisting of (1) necessity retail, office and industrial properties that are leased to creditworthy tenants under long-term net leases, and are strategically located throughout the United States and U.S. protectorates, (2) notes receivable secured by commercial real estate, including the origination of loans, and (3) cash, cash equivalents, other short-term investments and traded real estate-related securities. As of December 31, 2014, the Company owned 75 commercial properties located in 26 states, containing 1.8 million rentable square feet of commercial space, including square feet of buildings which are on land subject to ground leases. As of December 31, 2014, these properties were 99.7% leased.
	The Company is structured as a perpetual-life, non-exchange traded REIT. This means that, subject to regulatory approval of filing for additional offerings, the Company will be selling shares of common stock on a continuous basis and for an indefinite period of time to the extent permissible under applicable law. The Company will endeavor to take all reasonable actions to avoid interruptions in the continuous offering of shares of common stock. The Company reserves the right to terminate the Offering at any time.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	The summary of significant accounting policies presented below is designed to assist in understanding the Company’s consolidated financial statements. These accounting policies conform to accounting principles generally accepted in the United States of America (“GAAP”) in all material respects, and have been consistently applied in preparing the accompanying consolidated financial statements.
	Principles of Consolidation and Basis of Presentation
	The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
	Use of Estimates
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
	Investment in and Valuation of Real Estate and Related Assets
	Real estate and related assets are stated at cost, less accumulated depreciation and amortization. Amounts capitalized to real estate and related assets consist of the cost of acquisition, excluding acquisition related expenses, construction and any tenant improvements, major improvements and betterments that extend the useful life of the real estate and related assets and leasing costs. All repairs and maintenance are expensed as incurred.
	The Company is required to make subjective assessments as to the useful lives of its depreciable assets. The Company considers the period of future benefit of each respective asset to determine the appropriate useful life of the assets. Real estate and related assets, other than land, are depreciated or amortized on a straight-line basis. The estimated useful lives of the Company’s real estate and related assets by class are generally as follows:
	Buildings	40 years
	Tenant improvements	Lesser of useful life or lease term
	Intangible lease assets	Lease term
	The Company continually monitors events and changes in circumstances that could indicate that the carrying amounts of its real estate and related assets may not be recoverable. Impairment indicators that the Company considers include, but are not limited to, bankruptcy or other credit concerns of a property’s major tenant, such as a history of late payments, rental concessions and other factors, a significant decrease in a property’s revenues due to lease terminations, vacancies, co-tenancy clauses, reduced lease rates or other circumstances. When indicators of potential impairment are present, the Company assesses the recoverability of the assets by determining whether the carrying amount of the assets will be recovered through the undiscounted future cash flows expected from the use of the assets and their eventual disposition. In the event that such expected undiscounted future cash flows do not exceed the carrying amount, the Company will adjust the real estate and related assets to their respective fair values and recognize an impairment loss. Generally, fair value is determined using a discounted cash flow analysis and recent comparable sales transactions. No impairment indicators were identified and no impairment losses were recorded during the years ended December 31, 2014, 2013 or 2012.
	When developing estimates of expected future cash flows, the Company makes certain assumptions regarding future market rental income amounts subsequent to the expiration of current lease agreements, property operating expenses, terminal capitalization and discount rates, the expected number of months it takes to re-lease the property, required tenant improvements and the number of years the property will be held for investment. The use of alternative assumptions in estimating expected future cash flows could result in a different determination of the property’s expected future cash flows and a different conclusion regarding the existence of an impairment, the extent of such loss, if any, as well as the fair value of the real estate and related assets.
	When a real estate asset is identified by the Company as held for sale, the Company will cease depreciation and amortization of the assets related to the property and estimate the fair value, net of selling costs. If, in management’s opinion, the fair value, net of selling costs, of the asset is less than the carrying amount of the asset, an adjustment to the carrying amount would be recorded to reflect the estimated fair value of the property, net of selling costs. There were no assets identified as held for sale as of December 31, 2014 or 2013 or 2012.
	Allocation of Purchase Price of Real Estate and Related Assets
	Upon the acquisition of real properties, the Company allocates the purchase price to acquired tangible assets, consisting of land, buildings and improvements, and identified intangible assets and liabilities, consisting of the value of above market and below market leases and the value of in-place leases, based in each case on their respective fair values. Acquisition related expenses are expensed as incurred. The Company utilizes independent appraisals to assist in the determination of the fair values of the tangible assets of an acquired property (which includes land and building). The Company obtains an independent appraisal for each real property acquisition. The information in the appraisal, along with any additional information available to the Company’s management, is used in estimating the amount of the purchase price that is allocated to land. Other information in the appraisal, such as building value and market rents, may be used by the Company’s management in estimating the allocation of purchase price to the building and to intangible lease assets and liabilities. The appraisal firm has no involvement in management’s allocation decisions other than providing this market information.
	The fair values of above market and below market lease intangibles are recorded based on the present value (using a discount rate which reflects the risks associated with the leases acquired) of the difference between (1) the contractual amounts to be paid pursuant to the in-place leases and (2) an estimate of fair market lease rates for the corresponding in-place leases, which is generally obtained from independent appraisals, measured over a period equal to the remaining non-cancelable term of the lease including any bargain renewal periods, with respect to a below market lease. The above market and below market lease intangibles are capitalized as intangible lease assets or liabilities, respectively. Above market leases are amortized as a reduction to rental income over the remaining terms of the respective leases. Below market leases are amortized as an increase to rental income over the remaining terms of the respective leases, including any bargain renewal periods. In considering whether or not the Company expects a tenant to execute a bargain renewal option, the Company evaluates economic factors and certain qualitative factors at the time of acquisition, such as the financial strength of the tenant, remaining lease term, the tenant mix of the leased property, the Company’s relationship with the tenant and the availability of competing tenant space. If a lease were to be terminated prior to its stated expiration, all unamortized amounts of above market or below market lease intangibles relating to that lease would be recorded as an adjustment to rental income.
	The fair values of in-place leases include estimates of direct costs associated with obtaining a new tenant and opportunity costs associated with lost rental and other property income which are avoided by acquiring a property with an in-place lease. Direct costs associated with obtaining a new tenant include commissions and other direct costs, and are estimated in part by utilizing information obtained from independent appraisals and management’s consideration of current market costs to execute a similar lease. The intangible values of opportunity costs, which are calculated using the contractual amounts to be paid pursuant to the in-place leases over a market absorption period for a similar lease are capitalized as intangible lease assets and are amortized to expense over the remaining term of the respective leases. If a lease were to be terminated prior to its stated expiration, all unamortized amounts of in-place lease assets relating to that lease would be expensed.
	The Company may acquire certain properties subject to contingent consideration arrangements that may obligate the Company to pay additional consideration to the seller based on the outcome of future events. Additionally, the Company may acquire certain properties for which it funds certain contingent consideration amounts into an escrow account pending the outcome of certain future events. The outcome may result in the release of all or a portion of the escrow funds to the Company or the seller or a combination thereof. Contingent consideration arrangements will be based on a predetermined formula and have set time periods regarding the obligation to make future payments, including funds released to the seller from escrow accounts, or the right to receive escrowed funds as set forth in the respective purchase and sale agreement. Contingent consideration arrangements, including amounts funded through an escrow account, will be recorded upon acquisition of the respective property at their estimated fair value, and any changes to the estimated fair value, subsequent to acquisition, will be reflected in the accompanying consolidated statements of operations. The determination of the amount of contingent consideration arrangements is based on the probability of several possible outcomes as identified by management.
	The Company will estimate the fair value of assumed mortgage notes payable based upon indications of current market pricing for similar types of debt financing with similar maturities. Assumed mortgage notes payable will initially be recorded at their estimated fair value as of the assumption date, and any difference between such estimated fair value and the mortgage note’s outstanding principal balance will be amortized to interest expense over the term of the respective mortgage note payable.
	The determination of the fair values of the real estate and related assets and liabilities acquired requires the use of significant assumptions with regard to the current market rental rates, rental growth rates, capitalization and discount rates, interest rates and other variables. The use of alternative estimates may result in a different allocation of the Company’s purchase price, which could impact the Company’s results of operations.
	Investment in Marketable Securities
	Investment in marketable securities consists primarily of the Company’s investment in corporate and government debt securities. The Company determines the appropriate classification for debt securities at the time of purchase and reevaluates such designation as of each balance sheet date. As of December 31, 2014, the Company classified its investments as available-for-sale as the Company is not actively trading the securities; however, the Company may sell them prior to their maturity. These investments are carried at their estimated fair value with unrealized gains and losses reported in accumulated other comprehensive income (loss).
	The Company monitors its available-for-sale securities for impairments. A loss is recognized when the Company determines that a decline in the estimated fair value of a security below its amortized cost is other-than-temporary. The Company considers many factors in determining whether the impairment of a security is deemed to be other-than-temporary, including, but not limited to, the length of time the security has had a decline in estimated fair value below its amortized cost, the amount of the unrealized loss, the intent and ability of the Company to hold the security for a period of time sufficient for a recovery in value, recent events specific to the issuer or industry, external credit ratings and recent changes in such ratings. The analysis of determining whether the impairment of a security is deemed to be other-than-temporary requires significant judgments and assumptions. The use of alternative judgments and assumptions could result in a different conclusion.
	The amortized cost of debt securities is adjusted for amortization of premiums and accretion of discounts to maturity computed under the effective interest method and is recorded in the accompanying consolidated statements of operations in interest income on marketable securities along with interest and dividend income. Upon the sale of a security, the realized net gain or loss is computed on the specific identification method.
	Cash and Cash Equivalents
	The Company considers all highly liquid instruments with maturities when purchased of three months or less to be cash equivalents. The Company considers investments in highly liquid money market accounts to be cash equivalents.
	Restricted Cash and Escrows
	Included in restricted cash were escrowed investor proceeds for which shares of common stock had not been issued as of December 31, 2014 and 2013.
	Rents and Tenant Receivables
	Rents and tenant receivables primarily include amounts to be collected in future periods related to the recognition of rental income on a straight-line basis over the lease term and cost recoveries due from tenants. The Company makes estimates of the uncollectability of its accounts receivable related to base rents, expense reimbursements and other revenues. The Company analyzes accounts receivable and historical bad debt levels, customer creditworthiness and current economic trends when evaluating the adequacy of the allowance for doubtful accounts. In addition, tenants in bankruptcy, if any, are analyzed and estimates are made in connection with the expected recovery of pre-petition and post-petition claims. The Company’s reported net income or loss is directly affected by management’s estimate of the collectability of accounts receivable. The Company records allowances for those balances that the Company deems to be uncollectible, including any amounts relating to straight-line rent receivables. As of December 31, 2014 and 2013, no balances were deemed uncollectible and no allowance was recorded.
	Prepaid Expenses and Other Assets
	Prepaid expenses and other assets include expenses paid as of the balance sheet date that relate to future periods and will be expensed or reclassified to another account during the period to which the costs relate. Any amounts with no future economic benefit are charged to earnings when identified.
	Deferred Financing Costs
	Deferred financing costs are capitalized and amortized on a straight-line basis over the term of the related financing arrangement, which approximates the effective interest method. If a note payable is prepaid, any unamortized deferred financing costs related to the note payable would be expensed. Amortization of deferred financing costs was $727,000, $300,000 and $177,000 for the years ended December 31, 2014, 2013 and 2012, respectively, and was recorded in interest expense in the consolidated statements of operations.
	Revenue Recognition
	Certain properties have leases where minimum rental payments increase during the term of the lease. The Company records rental revenue for the full term of each lease on a straight-line basis. When the Company acquires a property, the terms of existing leases are considered to commence as of the acquisition date for the purposes of this calculation. The Company defers the recognition of contingent rental income, such as percentage rents, until the specific target that triggers the contingent rental income is achieved. Expected reimbursements from tenants for recoverable real estate taxes and operating expenses are included in tenant reimbursement income in the period when such costs are incurred.
	Income Taxes
	The Company elected to be taxed, and qualified, as a REIT for federal income tax purposes under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”). The Company generally is not subject to federal corporate income tax to the extent it distributes its taxable income to its stockholders, and so long as it, among other things, distributes at least 90% of its annual taxable income (computed without regard to the dividends paid deduction and excluding net capital gains). REITs are subject to a number of other organizational and operational requirements. Even if the Company maintains its qualification for taxation as a REIT, it may be subject to certain state and local taxes on its income and property, and federal income and excise taxes on its undistributed income.
	Concentration of Credit Risk
	As of December 31, 2014, the Company had cash on deposit at four financial institutions, in one of which the Company had deposits in excess of federally insured levels totaling $4.1 million; however, the Company has not experienced any losses in such accounts. The Company limits significant cash deposits to accounts held by financial institutions with high credit standing; therefore, the Company believes it is not exposed to any significant credit risk on its cash deposits.
	As of December 31, 2014, no single tenant accounted for greater than 10% of the Company’s 2014 gross annualized rental revenues. Tenants in the discount store, manufacturing and drugstore industries accounted for 15%, 13% and 10%, respectively, of the Company’s 2014 gross annualized rental revenues. Additionally, the Company has certain geographic concentrations in its property holdings. In particular, as of December 31, 2014, eight of the Company’s properties were located in Texas, accounting for 17%, of the Company’s 2014 gross annualized rental revenues.
	Offering and Related Costs
	Cole Advisors funds all of the organization and offering costs associated with the sale of the Company’s common stock (excluding selling commissions, the distribution fee and the dealer manager fee) and is reimbursed for such costs up to 0.75% of gross proceeds from the Offering, excluding selling commissions charged on A Shares sold in the Primary Offering. As of December 31, 2014, Cole Advisors, or its affiliates, had paid organization and offering costs in excess of the 0.75% in connection with the Offering. These excess costs were not included in the financial statements of the Company because such costs were not a liability of the Company as they exceeded 0.75% of gross proceeds from the Offering. As the Company raises additional proceeds from the Offering, these excess costs may become payable to Cole Advisors.
	Due to Affiliates
	Cole Advisors and certain of its affiliates received, and will continue to receive, fees, reimbursements and compensation in connection with services provided relating to the Offering and the acquisition, management and performance of the Company’s assets. As of December 31, 2014 and 2013, $1.8 million and $829,000, respectively, was due to Cole Advisors and its affiliates for such services, as discussed in Note 10 to these consolidated financial statements.
	Stockholders’ Equity
	As of December 31, 2014, the Company was authorized to issue up to 500,000,000 shares of capital stock. Of the total number of shares of capital stock authorized (a) 490,000,000 shares are designated as common stock, 164,000,000 of which are classified as W Shares, 163,000,000 of which are classified as A Shares and 163,000,000 of which are classified as I Shares, and (b) 10,000,000 shares are designated as preferred stock. All shares of such stock have a par value of $0.01 per share. The par value of investor proceeds raised from the Offering is classified as common stock, with the remainder allocated to capital in excess of par value. The Company’s board of directors may amend the charter from time to time to increase or decrease the aggregate number of authorized shares of capital stock or the number of authorized shares of capital stock of any class or series without stockholder approval.
	Redeemable Common Stock
	The Company has adopted a share redemption program that permits its stockholders to redeem their shares, subject to certain limitations discussed in Note 12 to these consolidated financial statements. The Company records amounts that are redeemable under the share redemption program as redeemable common stock outside of permanent equity on its consolidated balance sheets. Redeemable common stock is recorded at the greater of the carrying amount or redemption value each reporting period. Changes in the value from period to period are recorded as an adjustment to capital in excess of par value.
	As of December 31, 2014, the quarterly redemption capacity was equal to 10% of the Company’s NAV and this amount was recorded as redeemable common stock on the consolidated balance sheet for a total of $12.5 million. As of December 31, 2013, the outstanding shares eligible for redemption were recorded as redeemable common stock on the consolidated balance sheet, at the NAV per share, for a total of $7.0 million. As of December 31, 2014 and 2013, certain shares were not permitted to be redeemed subject to certain limitations as discussed in Note 12 to these consolidated financial statements.
	Earnings (Loss) Per Share
	Earnings (loss) per share is calculated based on the weighted average number of common shares outstanding during each period presented. Diluted income (loss) per share considers the effect of any potentially dilutive share equivalents, of which the Company had none for each of the years ended December 31, 2014, 2013 and 2012.
	Reportable Segments
	The Company’s commercial real estate investments primarily consist of single-tenant, necessity commercial properties, which are leased to creditworthy tenants under long-term net leases and provide current operating cash flow. The commercial properties are geographically diversified throughout the United States and have similar economic characteristics. The Company evaluates operating performance on an overall portfolio level; therefore the Company’s properties are one reportable segment.
	Interest
	Interest is charged to interest expense as it accrues. No interest costs were capitalized during the years ended December 31, 2014, 2013 and 2012.
	Distributions Payable and Distribution Policy
	In order to qualify as a REIT, the Company is required, among other things, to make distributions each taxable year equal to at least 90% of its taxable income, determined without regard to the deduction for dividends paid and excluding certain non-cash items and net capital gains. To the extent funds are available, the Company intends to pay regular distributions to stockholders. Distributions are paid to stockholders of record as of the applicable record dates.
	The Company’s board of directors authorized a daily distribution, based on 365 days in the calendar year of $0.002563727 per share for stockholders of record as of the close of business on each day of the period commencing on January 1, 2014 and ending on March 31, 2014. In addition, the Company’s board of directors authorized a daily distribution at $0.002678083 per share for stockholders of record as of the close of business on each day of the period commencing on April 1, 2014 and ending on December 31, 2014. The daily distribution amount for each class of outstanding common stock is adjusted based on the relative NAV of the various classes each day so that, from day to day, distributions constitute a uniform percentage of the NAV per share of all classes. As a result, from day to day, the per share daily distribution for each outstanding class of common stock may be higher or lower than the daily distribution amount authorized by our board of directors. As of December 31, 2014, the Company had distributions payable of $595,000. The distributions were paid in January 2015, of which $256,000 were reinvested in shares through the DRIP.
	Recent Accounting Pronouncements
	In April 2014, the U.S. Financial Accounting Standards Board (the “FASB”), issued Accounting Standards Update (“ASU”) 2014-08 Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity (“ASU 2014-08”), which amends the reporting requirements for discontinued operations by updating the definition of a discontinued operation to be a component of an entity that represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results, resulting in fewer disposals that qualify for discontinued operations reporting, yet, the pronouncement also requires expanded disclosures for discontinued operations. The adoption of ASU 2014-08 did not have a material impact on the Company’s financial statements because the Company did not have any discontinued operations.
	In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), which supersedes the revenue recognition requirements in Revenue Recognition (Topic 605), and requires an entity to recognize revenue in a way that depicts the transfer of promised goods or services to customers, including real estate sales, in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016, and is to be applied retrospectively, with early application not permitted. The Company does not believe ASU 2014-09, when effective, will have a material impact on the Company’s financial statements.
In August 2014, the FASB issued ASU 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014-15”), which requires management to assess an entity’s ability to continue as a going concern, and to provide related footnote disclosures in certain circumstances. ASU 2014-15 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016, with early application permitted. The Company does not believe ASU 2014-15, when effective, will have a material impact on the Company’s financial statements because the Company currently does not have any conditions that give rise to substantial doubt about its ability to continue as a going concern.
In February 2015, the FASB issued ASU No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis (“ASU 2015-02”), which eliminates the deferral of FAS 167, Amendments to FASB Interpretation No. 46(R) (“FAS 167”) and makes changes to both the variable interest model and the voting model. These changes will require re-evaluation of certain entities for consolidation and will require the Company to revise its documentation regarding the consolidation or deconsolidation of such entities. ASU 2015-02 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015, and is to be applied retrospectively, with early adoption permitted. The Company does not believe ASU 2015-02, when effective, will have a material impact on the Company’s financial statements.

Fair_Value_Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2014
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS
	GAAP defines fair value, establishes a framework for measuring fair value and requires disclosures about fair value measurements. GAAP emphasizes that fair value is intended to be a market-based measurement, as opposed to a transaction-specific measurement.
	Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Depending on the nature of the asset or liability, various techniques and assumptions can be used to estimate the fair value. Assets and liabilities are measured using inputs from three levels of the fair value hierarchy, as follows:
	Level 1 – Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. An active market is defined as a market in which transactions for the assets or liabilities occur with sufficient frequency and volume to provide pricing information on an ongoing basis.
	Level 2 – Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active (markets with few transactions), inputs other than quoted prices that are observable for the asset or liability (i.e., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data correlation or other means (market corroborated inputs).
	Level 3 – Unobservable inputs, which are only used to the extent that observable inputs are not available, reflect the Company’s assumptions about the pricing of an asset or liability.
	The following describes the methods the Company uses to estimate the fair value of the Company’s financial assets and liabilities:
	Cash and cash equivalents – The Company considers the carrying amounts of these financial assets to approximate fair value because of the short period of time between their origination and their expected realization. These financial assets are considered Level 1.
	Line of credit and notes payable – The fair value is estimated by discounting the expected cash flows based on estimated borrowing rates available to the Company as of the measurement date. The estimated fair value of the Company’s debt was $120.3 million and $43.9 million as of December 31, 2014 and 2013, respectively, which approximated the carrying value on such dates. The fair value of the Company’s debt is estimated using Level 2 inputs.
	Marketable securities – The Company’s marketable securities are carried at fair value and are valued using Level 1 inputs. The estimated fair value of the Company’s marketable securities are based on quoted market prices that are readily and regularly available in an active market.
	Considerable judgment is necessary to develop estimated fair values of financial assets and liabilities. Accordingly, the estimates presented herein are not necessarily indicative of the amounts the Company could realize, or be liable for, on disposition of the financial assets and liabilities. As of December 31, 2014, there have been no transfers of financial assets or liabilities between fair value hierarchy levels.

Real_Estate_Assets

Real Estate Assets	12 Months Ended
	Dec. 31, 2014
Real Estate [Abstract]
REAL ESTATE ASSETS	REAL ESTATE ASSETS
	2014 Property Acquisitions
	During the year ended December 31, 2014, the Company acquired a 100% interest in 43 commercial properties for an aggregate purchase price of $126.4 million (the “2014 Acquisitions”). The Company purchased the 2014 Acquisitions with net proceeds from the Offering, combined with proceeds from borrowings, as discussed in Note 7 to these consolidated financial statements. The Company allocated the purchase price of these properties to the fair value of the assets acquired and liabilities assumed. The following table summarizes the purchase price allocation for the acquisitions purchased during the year ended December 31, 2014 (in thousands):
		December 31, 2014
	Land	$	22,312
	Building and improvements	88,082
	Acquired in-place leases	13,260
	Acquired above market leases	3,614
	Acquired below market leases	(863		)
	Total purchase price	$	126,405
	The Company recorded revenue of $4.4 million and net income of $737,000 for the year ended December 31, 2014 related to the 2014 Acquisitions. In addition, the Company recorded $1.5 million of acquisition related expenses for the year ended December 31, 2014.
	The following information summarizes selected financial information of the Company, as if all of the 2014 Acquisitions were completed on January 1, 2013 for each period presented below. The table below presents the Company’s estimated revenue and net income, on a pro forma basis, for the years ended December 31, 2014 and 2013 (in thousands):
		Year Ended
		December 31, 2014			December 31, 2013
	Pro forma basis (unaudited):
	Revenue	$	18,951		$	15,171
	Net income	$	2,620		$	1,630
	The unaudited pro forma information for the year ended December 31, 2014 was adjusted to exclude acquisition related expenses recorded during such periods related to the 2014 Acquisitions. These expenses were recognized in the pro forma information for the year ended December 31, 2013. The pro forma information is presented for informational purposes only and may not be indicative of what actual results of operations would have been had the transactions occurred at the beginning of 2014, nor does it purport to represent the results of future operations.
	2013 Property Acquisitions
	During the year ended December 31, 2013, the Company acquired a 100% interest in 22 commercial properties for an aggregate price of $70.5 million (the “2013 Acquisitions”). The Company purchased the 2013 Acquisitions with net proceeds from the offering, combined with proceeds from borrowings, as discussed in Note 7 to these consolidated financial statements. The Company allocated the purchase price of these properties to the fair value of the assets acquired and liabilities assumed. The following table summarizes the purchase price allocation (in thousands):
		December 31, 2013
	Land	$	11,378
	Building and improvements	51,500
	Acquired in place leases	7,963
	Acquired above market leases	213
	Acquired below market leases	(520		)
	Total purchase price	$	70,534
	The Company recorded revenue of $2.2 million and a net income of $337,000 for the year ended December 31, 2013 related to the 2013 Acquisitions. In addition, the Company recorded $852,000 of acquisition related expenses for the year ended December 31, 2013.
	The following information summarizes selected financial information of the Company, as if the 2013 Acquisitions were completed on January 1, 2012 for each period presented below. The table below presents the Company’s estimated revenue and net income, on a pro forma basis, for the years ended December 31, 2013 and 2012 (in thousands):
		Year Ended
		31-Dec-13			31-Dec-12
	Pro forma basis (unaudited):
	Revenue	$	8,771		$	8,538
	Net income	$	879		$	859
	The unaudited pro forma information for the year ended December 31, 2013 was adjusted to exclude acquisition costs related to the 2013 Acquisitions. These costs were recognized in the unaudited pro forma information for the year ended December 31, 2012. The unaudited pro forma information is presented for informational purposes only and may not be indicative of what actual results of operations would have been had the transactions occurred at the beginning of periods presented, nor does it purport to represent the results of future operations.

Intangible_Lease_Assets

Intangible Lease Assets	12 Months Ended
	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE LEASE ASSETS	INTANGIBLE LEASE ASSETS
	Intangible lease assets consisted of the following (in thousands, except weighted average life amounts):
				As of December 31,
				2014			2013
	In-place leases, net of accumulated amortization of $2,317 and $765, respectively
		(with a weighted average life remaining of 12.1 and 13.3 years, respectively).		$	23,130		$	11,247
	Acquired above market leases, net of accumulated amortization of $204 and $30,
		respectively (with a weighted average life remaining of 11.7 and 11.4 years, respectively).		3,723			283
				$	26,853		$	11,530
	Amortization expense related to the in-place lease assets for the years ended December 31, 2014, 2013 and 2012, was $1.6 million, $528,000 and $228,000, respectively. Amortization expense related to the acquired above market lease assets for the years ended December 31, 2014, 2013 and 2012 was $174,000, $21,000 and $9,000, respectively, and was recorded as a reduction to rental and other property income in the consolidated statements of operations.
	As of December 31, 2014, the estimated amortization expense relating to the intangible lease assets for each of the five succeeding fiscal years is as follows (in thousands):
			Amortization
	Year ending December 31,		In-Place Leases			Above Market Leases
	2015		$	2,141		$	356
	2016		$	2,114		$	356
	2017		$	2,085		$	350
	2018		$	2,027		$	325
	2019		$	2,017		$	318

Marketable_Securities

Marketable Securities	12 Months Ended
	Dec. 31, 2014
Investments, Debt and Equity Securities [Abstract]
MARKETABLE SECURITIES	MARKETABLE SECURITIES
	The Company owned marketable securities with an estimated fair value of $490,000 and $460,000 as of December 31, 2014 and 2013, respectively. The following is a summary of the Company’s available-for-sale securities as of December 31, 2014 (in thousands):
		Available-for-sale securities
		Amortized Cost Basis			Unrealized Gain			Fair Value
	U.S. Treasury Bonds	$	179		$	3		$	182
	U.S. Agency Bonds	85			—			85
	Corporate Bonds	223			—			223
	Total available-for-sale securities	$	487		$	3		$	490
	The following table provides the activity for the marketable securities during the year ended December 31, 2014 (in thousands):
		Amortized Cost Basis			Unrealized (Loss) Gain			Fair Value
	Marketable securities as of January 1, 2014	$	463		$	(3	)	$	460
	Face value of marketable securities acquired	295			—			295
	Premiums and discounts on purchase of marketable securities, net of acquisition costs	(5		)	—			(5		)
	Amortization on marketable securities	(2		)	—			(2		)
	Sales of securities	(264		)	—			(264		)
	Increase in fair value of marketable securities	—			6			6
	Marketable securities as of December 31, 2014	$	487		$	3		$	490
	During the year ended December 31, 2014, the Company sold 37 marketable securities for aggregate proceeds of $265,000 and recorded a gain of $1,000 related to the sales, which is included in interest and other expense, net, on the accompanying consolidated statement of operations for the year ended December 31, 2014. In addition, the Company recorded an unrealized gain of $6,000 on its investments, which is included in accumulated other comprehensive income (loss) on the accompanying consolidated statement of stockholders’ equity for the year ended December 31, 2014 and the consolidated balance sheet as of December 31, 2014.
	The following table shows the fair value and gross unrealized losses of the Company’s available-for-sale securities as of December 31, 2014 and the length of time the available-for-sale securities have been in the unrealized loss position (in thousands):
		Less than 12 Months						12 Months or More						Total
		Fair			Unrealized Losses			Fair			Unrealized Losses			Fair		Unrealized Losses
		Value						Value						Value
	U.S. Treasury Bonds	$	55		$	—		$	40		$	—		$	95	$	—
	U.S. Agency Bonds	10			—			60			(1		)	70		(1		)
	Corporate Bonds	40			—			51			(1		)	91		(1		)
	Total temporarily impaired securities	$	105		$	—		$	151		$	(2	)	$	256	$	(2	)
	The scheduled maturities of the Company’s marketable securities as of December 31, 2014 are as follows (in thousands):
		Available-for-sale securities
		Amortized Cost			Estimated Fair Value
	Due within one year	$	81		$	81
	Due after one year through five years	215			215
	Due after five years through ten years	181			184
	Due after ten years	10			10
	Total	$	487		$	490
	Actual maturities of marketable securities can differ from contractual maturities because borrowers on certain debt securities may have the right to prepay their respective debt obligations at any time. In addition, factors such as prepayments and interest rates may affect the yields on such securities.

Line_of_Credit_and_Note_Payabl

Line of Credit and Note Payable	12 Months Ended
	Dec. 31, 2014
Debt Disclosure [Abstract]
LINE OF CREDIT AND NOTE PAYABLE	LINE OF CREDIT AND NOTE PAYABLE
	As of December 31, 2014, the Company had $120.3 million of debt outstanding, with weighted average years to maturity of 3.38 years and a weighted average interest rate of 2.38%. The following table summarizes the debt balances as of December 31, 2014 and 2013, and the debt activity for the year ended December 31, 2014 (in thousands):
		Balance as of December 31, 2013		Debt Issuance		Repayments			Balance as of December 31, 2014
	Line of credit	$	43,900	$	99,054	$	(42,954	)	$	100,000
	Fixed rate debt	—		20,304		—			20,304
	Total	$	43,900	$	119,358	$	(42,954	)	$	120,304
	During the year ended December 31, 2014, the Company entered into an amended and restated credit agreement for the line of credit (the “Amended Credit Agreement”) with JPMorgan Chase Bank, N.A. as administrative agent, (“JPMorgan Chase”), U.S. Bank National Association and other lending institutions that may become parties to the Amended Credit Agreement. As of December 31, 2014, the Company had $100.0 million of debt outstanding under its secured revolving line of credit, as amended (the “Line of Credit”). The aggregate balance of gross real estate assets, net of gross intangible lease liabilities, securing the Line of Credit’s underlying collateral pool was $158.1 million as of December 31, 2014.
	As of December 31, 2014, the Line of Credit allowed the Company to borrow $75.0 million in revolving loans (the “Revolving Loans”), and includes a $25.0 million term loan (the “Term Loan”), with maximum amount outstanding not to exceed the borrowing base (the “Borrowing Base”), calculated as 65% of the aggregate value allocated to each qualified property comprising eligible collateral (collectively, the “Qualified Properties”) during the period from September 30, 2014 through September 11, 2015, and 60% of the Qualified Properties during the period from September 12, 2015 to September 12, 2017 (the “Amended Line of Credit”). As of December 31, 2014, the Company had no amounts available for borrowing under the Amended Line of Credit. The Line of Credit matures on September 12, 2017; however, the Company may elect to extend the maturity dates of such loans to September 12, 2019, subject to satisfying certain conditions described in the Amended Credit Agreement.
	The Revolving Loans and Term Loan bear interest at rates depending upon the type of loan specified by the Company. For a eurodollar rate loan, the interest rate will be equal to the one-month, two-month, three-month or six-month LIBOR for the interest period, as elected by the Company, multiplied by the Statutory Reserve Rate (as defined in the Amended Credit Agreement), plus the applicable rate (the “Eurodollar Applicable Rate”). The Eurodollar Applicable Rate is based upon the Company’s overall leverage ratio, generally defined in the Amended Credit Agreement as the total consolidated outstanding indebtedness of the Company divided by the total consolidated asset value of the Company (as defined in the Amended Credit Agreement) (the “Leverage Ratio”), and ranges from 1.90% at a Leverage Ratio of 50.0% or less to 2.45% at a Leverage Ratio greater than 60.0%. For base rate committed loans, the interest rate will be a per annum amount equal to the greatest of: (a) JPMorgan Chase’s Prime Rate; (b) the Federal Funds Effective Rate (as defined in the Amended Credit Agreement) plus 0.50%; and (c) one-month LIBOR multiplied by the Statutory Reserve plus 1.0% plus the applicable rate (the “Base Rate Applicable Rate”). The Base Rate Applicable Rate is based upon the Leverage Ratio, and ranges from 0.90% at a Leverage Ratio of 50.0% or less to 1.45% at a Leverage Ratio greater than 60.0%. As of December 31, 2014, amounts outstanding on the Line of Credit accrued interest at an annual rate of 2.09%.
	The Amended Credit Agreement contains customary representations, warranties, borrowing conditions and affirmative, negative and financial covenants, including minimum net worth, debt service coverage and leverage ratio requirements and dividend payout and REIT status requirements. The Amended Credit Agreement also includes usual and customary events of default and remedies for facilities of this nature. Based on the Company’s analysis and review of its results of operations and financial condition, as of December 31, 2014, the Company was in compliance with the covenants of the Amended Credit Agreement.
	On September 9, 2014, the Company entered into a $20.3 million loan (the “PNC Loan”), agreement with PNC Bank, National Association. The PNC Loan has a fixed interest rate of 3.82% per annum with interest payments due monthly. The principal amount will be due October 1, 2021, the maturity date. The PNC Loan is collateralized by eight single-tenant commercial properties and one multi-tenant commercial property, which were purchased for an aggregated collective purchase price of $33.8 million.
	In addition, on December 16, 2014, the Company entered into a $20.0 million unsecured revolving line of credit with Series C, LLC, an affiliate of the Company’s advisor (“Series C Loan”). The Series C Loan bears interest at a rate per annum equal to the one-month LIBOR plus 2.45% with accrued interest payable monthly in arrears and principal due upon maturity on December 15, 2015. The Series C Loan had an interest rate of 2.61% as of December 31, 2014. In the event the Series C Loan is not paid off on the maturity date, the loan includes default provisions. The Series C Loan has been approved by a majority of the Company’s board of directors (including a majority of the independent directors) not otherwise interested in the transaction as fair, competitive and commercially reasonable and no less favorable to the Company than a comparable loan between unaffiliated parties under the same circumstances. As of December 31, 2014, the Company had $20.0 million available for borrowing.
	Maturities
	The following table summarizes the scheduled aggregate principal repayments for the Company’s outstanding debt as of December 31, 2014 for each of the five succeeding fiscal years and the period thereafter (in thousands):
	Year ending December 31,	Principal Repayments
	2015	$	—
	2016	—
	2017	100,000
	2018	—
	2019	—
	Thereafter	20,304
	Total	$	120,304

Acquired_Below_Market_Lease_In

Acquired Below Market Lease Intangibles	12 Months Ended
	Dec. 31, 2014
Intangible Liabilities Disclosure [Abstract]
ACQUIRED BELOW MARKET LEASE INTANGIBLES	ACQUIRED BELOW MARKET LEASE INTANGIBLES
	Acquired below market lease intangibles consisted of the following (in thousands, except weighted average life amounts):
			As of December 31,
			2014		2013
	Acquired below market leases, net of accumulated amortization of $279 and $126,
		respectively (with a weighted average life remaining of 12.6 and 15.3 years, respectively)	$	2,058	$	1,348
	During the years ended December 31, 2014, 2013 and 2012, $153,000, $75,000 and $49,000, respectively, were recorded as an increase to rental and other property income resulting from the amortization of the intangible lease liabilities.
	As of December 31, 2014, the estimated amortization of the intangible lease liabilities for each of the five succeeding fiscal years is as follows (in thousands):
			Amortization of
	Year ending December 31,		Below Market Leases
	2015		$	200
	2016		$	196
	2017		$	195
	2018		$	181
	2019		$	181

Commitments_and_Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES
	Litigation
	In the ordinary course of business, the Company may become subject to litigation or claims. The Company is not aware of any pending legal proceedings of which the outcome is reasonably possible to have a material effect on its results of operations, financial condition or liquidity.
	Environmental Matters
	In connection with the ownership and operation of real estate, the Company potentially may be liable for costs and damages related to environmental matters. The Company owns certain properties that are subject to environmental remediation. In each case, the seller of the property, the tenant of the property and/or another third party has been identified as the responsible party for environmental remediation costs related to the respective property. Additionally, in connection with the purchase of certain of the properties, the respective sellers and/or tenants have indemnified the Company against future remediation costs. In addition, the Company carries environmental liability insurance on its properties that provides limited coverage for remediation liability and pollution liability for third-party bodily injury and property damage claims. Accordingly, the Company does not believe that it is reasonably possible that the environmental matters identified at such properties will have a material effect on its results of operations, financial condition or liquidity, nor is it aware of any environmental matters at other properties which it believes are reasonably possible to have a material effect on its results of operations, financial condition or liquidity.

RelatedParty_Transactions_and_

Related-Party Transactions and Arrangements	12 Months Ended
	Dec. 31, 2014
Related Party Transactions [Abstract]
RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS	RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS
	The Company has incurred, and will continue to incur, commissions, fees and expenses payable to Cole Advisors and certain of its affiliates in connection with the Offering, and the acquisition, management and performance of the Company’s assets.
	Offering
	In connection with the Offering, CCC, the Company’s dealer manager, will receive selling commissions, an asset-based dealer manager fee and/or an asset-based distribution fee, as summarized in the table below for each class of common stock:
			Selling Commission (1)	Dealer		Distribution Fee (2)
				Manager Fee (2)
	W Shares		—	0.55	%	—
	A Shares		up to 3.75%	0.55	%	0.5	%
	I Shares		—	0.25	%	—
	(1) The selling commission is based on the offering price for A Shares. The selling commission expressed as a percentage of NAV per A Share, rather than the offering price, is up to 3.90%, subject to rounding and the effect of volume discounts the Company is offering on certain purchases of $150,001 or more of A Shares. Selling commissions are deducted directly from the offering price for A Shares and paid to CCC. CCC reallows 100% of the selling commissions on A Shares to participating broker-dealers.
	(2) The dealer manager and distribution fees accrue daily in an amount equal to 1/365th of the percentage of NAV per W Share, A Share or I Share, as applicable, for such day on a continuous basis. CCC, in its sole discretion, may reallow a portion of the dealer manager fee and distribution fee to participating broker-dealers.
	All organization and offering expenses associated with the sale of the Company’s common stock (excluding selling commissions, the distribution fee and the dealer manager fee) are paid for by Cole Advisors or its affiliates and can be reimbursed by the Company up to 0.75% of the aggregate gross offering proceeds, excluding selling commissions charged on A Shares sold in the Primary Offering. As of December 31, 2014, Cole Advisors or its affiliates had paid organization and offering costs in excess of the 0.75% in connection with the Offering. These excess costs were not included in the financial statements of the Company because such costs were not a liability of the Company as they exceeded 0.75% of gross proceeds from the Offering. As the Company raises additional proceeds from the Offering, these excess costs may become payable to Cole Advisors.
	The Company recorded commissions, fees and expense reimbursements as shown in the table below for services provided by Cole Advisors and its affiliates related to the services described above during the years indicated (in thousands):
		Year Ended December 31,
		2014		2013			2012
	Offering:
	Selling commissions	$	563	$	16		$	—
	Selling commissions reallowed by CCC	$	563	$	16		$	—
	Distribution fee	$	36	$	—		$	—
	Distribution fee reallowed by CCC	$	34	$	—		$	—
	Dealer manager fees	$	556	$	229		$	34
	Dealer manager fees reallowed by CCC	$	49	$	7		$	—
	Organization and offering expense reimbursement	$	520	$	406		$	28
	As of December 31, 2014, $1.4 million of the amounts shown above had been paid to Cole Advisors and its affiliates, and $273,000 had been incurred, but not yet paid, for services provided by Cole Advisors or its affiliates in connection with the offering stage of the Offering and was a liability to the Company. CCC waived its right to receive its dealer manager fee for the six months ended June 30, 2012; accordingly, no amounts were recorded during such period. In addition, no selling commissions or distribution fees were recorded during the nine months ended September 30, 2013 or during the years ended December 31, 2012.
	Acquisitions, Operations and Performance
	The Company pays Cole Advisors an asset-based advisory fee that is payable in arrears on a monthly basis and accrues daily in an amount equal to 1/365th of 0.90% of the Company’s NAV for each class of common stock, for each day. Cole Advisors waived its right to receive advisory fees for the six months ended June 30, 2012; accordingly, no amounts were recorded during such period.
	The Company will reimburse Cole Advisors for the operating expenses it paid or incurred in connection with the services provided to the Company, subject to the limitation that the Company will not reimburse for any amount by which its operating expenses (including the advisory fee) at the end of the four preceding fiscal quarters exceeds the greater of (1) 2% of average invested assets, or (2) 25% of net income other than any additions to reserves for depreciation, bad debts or other similar non-cash reserves and excluding any gain from the sale of assets for that period. Cole Advisors waived its right to receive operating expense reimbursements for the years ended December 31, 2014, 2013 and 2012; accordingly, the Company did not reimburse Cole Advisors for any such expenses during the years ended December 31, 2014, 2013 and 2012.
	In addition, the Company will reimburse Cole Advisors for all out-of-pocket expenses incurred in connection with the acquisition of the Company’s investments. While most of the acquisition expenses are expected to be paid to third parties, a portion of the out-of-pocket acquisition expenses may be reimbursed to Cole Advisors or its affiliates. Acquisition expenses, together with any acquisition fees paid to third parties for a particular real estate-related asset, will in no event exceed 6% of the gross purchase price of such asset. Cole Advisors waived its right to receive acquisition expense reimbursements for the years ended December 31, 2013 and 2012; accordingly, the Company did not reimburse Cole Advisors for any such expenses during those years.
	Cole Advisors implemented an expense cap for each of the three months ended December 31, 2013, which has continued for the twelve months ended December 31, 2014 and will be continued for the three months ending March 31, 2015, whereby Cole Advisors will fund all general and administrative expenses of the Company that are in excess of an amount calculated by multiplying the average net asset value, or NAV, for the respective three month period by an annualized rate of 1.25% (the “Excess G&A”). General and administrative expenses, as presented in these consolidated financial statements, include, but are not limited to, legal fees, audit fees, board of directors costs, professional fees, escrow and trustee fees, insurance, state franchise and income taxes and fees for unused amounts on the Line of Credit. At Cole Advisors’ discretion, it may fund the Excess G&A through reimbursement to the Company or payment to third parties on behalf of the Company, but in no event will the Company be liable to Cole Advisors in future periods for such amounts paid or reimbursed. During the year ended December 31, 2014, the Company incurred $464,000 of Excess G&A which was reimbursable by Cole Advisors, of which $93,000 had not been reimbursed and was due to the Company as of December 31, 2014. As of December 31, 2014, the $93,000 was included as a reduction to amounts due to affiliates on the consolidated balance sheet.
	As compensation for services provided pursuant to the advisory agreement, the Company will also pay Cole Advisors a performance-based fee calculated based on the Company’s annual total return to stockholders for each class of common stock (defined below), payable annually in arrears. The performance fee will be calculated such that for any calendar year in which the total return per share for a particular class exceeds 6% (the “6% Return”), Cole Advisors will receive 25% of the excess total return on such class above the 6% Return allocable to that class, but in no event will the Company pay Cole Advisors more than 10% of the aggregate total return, for that class, for such year. However, in the event the NAV per share of the Company’s W Shares, A Shares and I Shares decreases below the base NAV for the respective share class ($15.00, $16.72 and $16.82 for the W Shares, A Shares and I Shares, respectively) (the “Base NAV”), the performance-based fee for a respective class will not be calculated on any increase in NAV up to the Base NAV for the respective share class. In addition, the performance fee will not be paid with respect to any calendar year in which the NAV per share as of the last business day of the calendar year (the “Ending NAV”) for the respective share class is less than the Base NAV of that class. The Base NAV of any share class is subject to downward adjustment in the event that the Company’s board of directors, including a majority of the independent directors, determines that such an adjustment is necessary to provide an appropriate incentive to Cole Advisors to perform in a manner that seeks to maximize stockholder value and is in the best interests of the Company’s stockholders. In the event of any stock dividend, stock split, recapitalization or similar change in the Company’s capital structure, the Base NAV for the respective share class shall be ratably adjusted to reflect the effect of any such event.
	The total return to stockholders is defined, for each class of the Company’s common stock, as the change in NAV per share plus distributions per share for such class. The NAV per share for a class calculated on the last trading day of a calendar year shall be the amount against which changes in NAV per share for such class are measured during the subsequent calendar year. Therefore, for each class of the Company’s common stock, payment of the performance-based component of the advisory fee (1) is contingent upon the Company’s actual annual total return exceeding the 6% Return and the Ending NAV per share for the respective share class being greater than the Base NAV of that class, (2) will vary in amount based on the Company’s actual performance, (3) cannot cause the Company’s total return as a percentage of stockholders’ invested capital for the year to be reduced below 6%, and (4) is payable to Cole Advisors if the Company’s total return exceeds the 6% Return in a particular calendar year, even if the total return to stockholders (or any particular stockholder) on a cumulative basis over any longer or shorter period has been less than 6% per annum. Cole Advisors will not be obligated to return any portion of advisory fees paid based on the Company’s subsequent performance.
	The Company recorded fees and expense reimbursements as shown in the table below for services provided by Cole Advisors or its affiliates related to the services described above during the years indicated (in thousands):
		Year Ended December 31,
		2014		2013			2012
	Acquisitions, Operations and Performance:
	Acquisition expense reimbursement	$	490	$	—		$	—
	Advisory fee	$	926	$	375		$	56
	Operating expense reimbursement	$	—	$	—		$	—
	Performance fee	$	1,076	$	431		$	143
	As of December 31, 2014, $1.6 million of the amounts shown above had been incurred, but not yet paid, for services provided by Cole Advisors or its affiliates in connection with the acquisitions and operations stage and was a liability to the Company. Cole Advisors waived its right to receive acquisition expense reimbursements for the twelve months ended December 31, 2013 and 2012; accordingly, the Company did not reimburse Cole Advisors for any acquisition expenses during these periods. Additionally, Cole Advisors waived its right to receive operating expense reimbursements for the twelve months ended December 31, 2014, 2013 and 2012; accordingly, the Company did not reimburse Cole Advisors for any such expenses during the twelve months ended December 31, 2014, 2013 and 2012. During the years ended December 31, 2014, 2013 and 2012, Cole Advisors permanently waived its right to receive expense reimbursements totaling $931,000, $1.1 million and $394,000, respectively.
	Due to Affiliates
	As of December 31, 2014, $1.8 million was due to Cole Advisors and its affiliates related to performance fees, advisory, distribution and dealer manager fees and the reimbursement of organization and offering expenses, which were included in amounts due to affiliates on the consolidated balance sheet. As of December 31, 2013, $829,000 was due to Cole Advisors and its affiliates related to performance fees, advisory, distribution and dealer manager fees, organization and offering expenses, and escrow deposits and acquisition expenses that were paid on the Company’s behalf in connection with the acquisition of the Company’s properties and were included in amounts due to affiliates on the consolidated balance sheet.

Economic_Dependency

Economic Dependency	12 Months Ended
	Dec. 31, 2014
Economic Dependency [Abstract]
ECONOMIC DEPENDENCY	ECONOMIC DEPENDENCY
	Under various agreements, the Company has engaged or will engage Cole Advisors and its affiliates to provide certain services that are essential to the Company, including asset management services, supervision of the management and leasing of properties owned by the Company, asset acquisition and disposition decisions, the sale of shares of the Company’s common stock available for issuance, as well as other administrative responsibilities for the Company including accounting services and investor relations. As a result of these relationships, the Company is dependent upon Cole Advisors and its affiliates. In the event that these companies are unable to provide the Company with these services, the Company would be required to find alternative providers of these services.

Stockholders_Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2014
Equity [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS’ EQUITY
	As of December 31, 2014, the Company was authorized to issue up to 500,000,000 shares of capital stock. Of the total number of shares of capital stock authorized (a) 490,000,000 shares are designated as common stock, 164,000,000 of which are classified as W Shares, 163,000,000 of which are classified as A Shares, and 163,000,000 of which are classified as I Shares, and (b) 10,000,000 shares are designated as preferred stock. All shares of such stock have a par value of $0.01 per share. The Company’s board of directors may amend the charter from time to time to increase or decrease the aggregate number of authorized shares of capital stock or the number of authorized shares of capital stock of any class or series without stockholder approval. During the year ended December 31, 2014, the Company issued a total of 4.1 million shares, including 136,000 shares issued under the DRIP, for gross proceeds of $69.9 million. As of December 31, 2014, the Company had issued 8.2 million shares of common stock for cumulative gross proceeds of $137.2 million.
	NAV per Share Calculation
	The Company’s per share purchase and redemption price for each class varies from day-to-day. The Company has engaged an independent valuation expert which has expertise in appraising commercial real estate assets and related liabilities, to provide, on a rolling quarterly basis, valuations of each of the Company’s commercial real estate assets and related liabilities to be set forth in individual appraisal reports, and to adjust those valuations for events known to the independent valuation expert that it believes are likely to have a material impact on previously provided estimates of the value of the affected commercial real estate assets or related real estate liabilities. In addition, the calculation of NAV for each class includes liquid assets, which are priced daily using third party pricing services, and cash and cash equivalents.
	The Company has retained an independent fund accountant to calculate the daily NAV for each class, which uses a process that reflects (1) estimated values of each of the Company’s commercial real estate assets, related liabilities and notes receivable secured by real estate provided periodically by the Company’s independent valuation expert, in individual appraisal reports, (2) daily updates in the price of liquid assets for which third party market quotes are available, (3) accruals of the daily distributions for each class, and (4) estimates of daily accruals, on a net basis, of the Company’s operating revenues, expenses, including class-specific expenses, debt service costs and fees, including class-specific fees. Selling commissions will have no effect on the NAV of any class.
	The result of this calculation is the NAV for each class of shares as of the end of any business day. The NAV per share is determined by allocating the NAV to each share class based on its respective ownership percentage. The NAV for each class is then be adjusted for contributions, redemptions and accruals of the class’s daily distributions and estimates of class-specific fee and expense accruals. Distributions reflect the daily distribution rate set by the Company’s board of directors, which may vary for each class. The NAV per share for each class is determined by dividing such class’s NAV on such day by the number of shares outstanding for that class as of the end of such business day, prior to giving effect to any share purchases or redemptions to be effected on such day. At regularly scheduled board of directors meetings, the Company’s board of directors reviews the process by which the Company’s advisor estimated the daily accruals and the independent fund accountant calculated the NAV per share, and the operation and results of the process to determine NAV per share generally. The Company’s NAV is not calculated in accordance with GAAP and is not audited by the independent registered public accounting firm.
	Distribution Reinvestment Plan
	Pursuant to the DRIP, the Company allows stockholders to elect to have their distributions reinvested in additional shares of the Company’s common stock. The purchase price for shares under the DRIP is equal to the NAV per share on the date that the distribution is payable, after giving effect to the distribution. During the years ended December 31, 2014, 2013 and 2012, 136,000, 38,000 and 460 shares were purchased under the DRIP for $2.3 million, $634,000 and $8,000, respectively.
	Share Redemption Program
	The Company has adopted a share redemption plan whereby, on any business day, stockholders may request that the Company redeem all or any portion of their shares, subject to certain limitations described below. Pursuant to the share redemption program, the Company will initially redeem shares at a redemption price per share on any business day equal to the Company’s NAV per share for the class of shares being redeemed, without giving effect to any share purchases or redemptions to be effected on such day, less any applicable short-term trading fees. Subject to limited exceptions, stockholders who redeem their shares within the first 365 days from the date of purchase will be subject to a short-term trading fee of 2% of the aggregate NAV per share of the shares of common stock received.
	In each calendar quarter, net redemptions will be limited to 5% of the Company’s total NAV as of the end of the immediately preceding quarter. If less than the full 5% limit available for a quarter is used, the unused percentage will be carried over to the next quarter (the “Carryover Percent”), but the maximum carryover percentage will never exceed 15% in the aggregate, and net redemptions in any quarter may never exceed 10% of the prior quarter’s NAV. On each business day, the Company will calculate the maximum amount available for redemptions as 5% plus the Carryover Percent times the prior quarter-end’s NAV, plus share sales for the quarter, minus share redemptions for the quarter (the “Quarterly Limit”). Redemption requests will be satisfied on a first-come-first-served basis up to the Quarterly Limit. A redemption request must be received by 4:00 p.m. Eastern Time on the last business day that the New York Stock Exchange is open for trading prior to the end of a calendar quarter in order for the current Quarterly Limit to apply.
	For the quarter following a quarter in which the Company reached its Quarterly Limit (a “Limit Quarter”), a 5% per quarter redemption limitation will apply on a stockholder by stockholder basis, such that each of the Company’s stockholders will be allowed to request a redemption, at any time during that quarter, for a total of up to 5% of the shares they held as of the last day of the Limit Quarter, plus shares, if any, that the stockholder purchases during the in-progress quarter (the “Flow-regulator”). This prospective methodology for allocating available funds daily during a quarter for which a Flow-regulator is in effect (a “Flow-regulated Quarter”) is designed to treat all stockholders equally during the quarter as a whole, regardless of the particular day during the quarter when they choose to submit their redemption requests, based on the number of shares held by each stockholder as of the prior quarter-end.
	If, during a Flow-regulated Quarter, total redemptions for all stockholders in the aggregate are more than two and one-half percent of our total NAV as of the end of the immediately preceding quarter, then the Flow-regulator will continue to apply for the next succeeding quarter. If total redemptions for all stockholders in the aggregate during a Flow-regulated Quarter are equal to or less than two and one-half percent of our total NAV as of the end of the immediately preceding quarter, then the first-come, first-served Quarterly Limit discussed above will come back into effect for the next succeeding quarter, with the Quarterly Limit consisting of five percent plus any remaining amount of the Carryover Percent from the last quarter before the Flow-regulated Quarter (subject to the 10% quarterly limit).
	The Company has adopted several restrictions with respect to the redemption of 627,979 and 38,688 W Shares owned by CHC Investments LLC and a trust to which a former director of the Company was a trustee, respectively. The Company would not allow these shareholders to redeem such shares until the Company had raised $100.0 million in the Offering. Redemption requests made for these shares would only be accepted (1) on the last business day of a calendar quarter, (2) after all redemption requests from all other stockholders for such quarter have been accepted and (3) to the extent that such redemptions do not cause net redemptions to exceed 5% of the Company’s total NAV as of the end of the immediately preceding quarter. Redemption requests for these shares would otherwise be subject to the same limitations as other stockholder redemption requests as described above. During the year ended December 31, 2014, the Company met these requirements and as such these shares were eligible for redemption, resulting in redemptions by the parties noted above, of 174,928 and 38,688 shares, respectively, during the year.
	In addition, as of December 31, 2014, ARC Properties Operating Partnership, L.P. (“ARCP OP”), as the successor to CHC, owned 13,333 W Shares. ARCP OP was prohibited from selling these shares, which represents the initial investment in the Company, for so long as the Company’s sponsor was ARCP OP or an affiliate of ARCP OP; provided, however, that ARCP OP could transfer ownership of all or a portion of such shares to other affiliates of the Company’s sponsor.
	The Company may fund redemptions with proceeds from any available source, including, but not limited to, available cash, proceeds from sales of additional shares, excess cash flow from operations, sales of liquid investments, incurrence of indebtedness and, if necessary, proceeds from the disposition of real estate properties or real estate-related assets. The Company may reserve borrowing capacity under its Line of Credit and/or Series C Loan and elect to borrow against the Line of Credit and/or Series C Loan in part to redeem shares presented for redemption during periods when the Company does not have sufficient proceeds from the sale of shares to fund all redemption requests. Additionally, the Company’s board of directors may modify or suspend its redemption plan at any time in its sole discretion if it believes that such action is in the best interests of the stockholders.
	As of December 31, 2014, the quarterly redemption capacity was equal to 10% of the Company’s NAV and this amount was recorded as redeemable common stock on the consolidated balance sheet for a total of $12.5 million.
	During the year ended December 31, 2014, the Company received redemption requests for, and redeemed approximately 1.1 million W Shares of common stock for $18.0 million, and 572 A Shares of common stock for $10,000.

Income_Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2014
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES
	For federal income tax purposes, distributions to stockholders are characterized as ordinary dividends, capital gain distributions, or nontaxable distributions. Nontaxable distributions will reduce U.S stockholders’ basis (but not below zero) in their shares. The following table shows the character of the distributions we paid on a percentage basis for the years ended December 31, 2014 and 2013:
	Character of Distributions (unaudited):	2014		2013		2012
	Ordinary dividends	52.9	%	33.2	%	2.5	%
	Nontaxable distributions	47.1	%	66.8	%	97.5	%
	Total	100	%	100	%	100	%
	As of December 31, 2014, the tax basis carrying value of the Company’s land and depreciable real estate assets was $226.3 million. During the years ended December 31, 2014, 2013 and 2012, the Company distributed as dividends to its shareholders 100% of its taxable income for federal income tax purposes. Accordingly, no provision for federal income taxes related to such taxable income was recorded on the Company’s financial statements. During the years ended December 31, 2014, 2013 and 2012, the Company incurred state and local income and franchise taxes of $75,000, $35,000 and $22,000, respectively, which were recorded in general and administrative expenses on the consolidated statements of operations.
	The Company had no unrecognized tax benefits as of or during the years ended December 31, 2014, 2013 and 2012. Any interest and penalties related to unrecognized tax benefits would be recognized within the provision for income taxes in the accompanying consolidated statements of operations. The Company files income tax returns in the U.S. federal jurisdiction, as well as various state jurisdictions, and is subject to routine examinations by the respective tax authorities.

Operating_Leases

Operating Leases	12 Months Ended
	Dec. 31, 2014
Leases [Abstract]
OPERATING LEASES	OPERATING LEASES
	The Company’s real estate properties are leased to tenants under operating leases for which the terms and expirations vary. As of December 31, 2014, the leases had a weighted-average remaining term of 11.9 years. The leases may have provisions to extend the lease agreements, options for early termination after paying a specified penalty, rights of first refusal to purchase the property at competitive market rates, and other terms and conditions as negotiated. The Company retains substantially all of the risks and benefits of ownership of the real estate assets leased to tenants. As of December 31, 2014, the future minimum rental income from the Company’s investment in real estate assets under non-cancelable operating leases, assuming no exercise of renewal options for the succeeding five fiscal years was as follows (in thousands):
	Year ending December 31,	Future Minimum
		Rental Income
	2015	$	17,811
	2016	17,763
	2017	17,623
	2018	17,295
	2019	17,249
	Thereafter	125,814
	Total	$	213,555

Quarterly_Results_Unaudited

Quarterly Results (Unaudited)	12 Months Ended
	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
QUARTERLY RESULTS (UNAUDITED)	QUARTERLY RESULTS (UNAUDITED)
	Presented below is a summary of the unaudited quarterly financial information for the years ended December 31, 2014 and 2013 (in thousands, except per share amounts). In the opinion of management, the information for the interim periods presented include all adjustments, which are of a normal and recurring nature, necessary to present a fair presentation of the results for each period.
		December 31, 2014
		First Quarter			Second Quarter			Third Quarter			Fourth Quarter
	Revenues	$	2,352		$	2,689		$	3,442		$	4,822
	Operating income	738			659			622			783
	Net income (loss)	281			115			(81		)	(64		)
	Basic and diluted net income (loss) per common share	0.06			0.02			(0.01		)	(0.01		)
	Distributions declared per common share	0.23			0.25			0.25			0.25
		December 31, 2013
		First Quarter			Second Quarter			Third Quarter			Fourth Quarter
	Revenues	$	780		$	994		$	1,361		$	1,954
	Operating income (loss)	158			75			(153		)	330
	Net loss	(22		)	(97		)	(389		)	(26		)
	Basic and diluted net loss per common share	(0.02		)	(0.05		)	(0.13		)	(0.01		)
	Distributions declared per common share	0.22			0.22			0.22			0.25

Subsequent_Events

Subsequent Events	12 Months Ended
	Dec. 31, 2014
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS
	Investment in Real Estate Assets
	Subsequent to December 31, 2014, the Company did not acquire any real estate properties.
	Status of the Offering
	As of March 25, 2015, the Company had received $141.4 million in gross offering proceeds through the issuance of approximately 8.5 million shares of its common stock in the Offering (including shares issued pursuant to the DRIP).
	Line of Credit
	Subsequent to December 31, 2014, the Company borrowed $10.0 million on the Series C Loan and repaid $23.5 million of the amounts outstanding under the Line of Credit. As of March 25, 2015, the Company had $76.5 million outstanding under the Line of Credit, with a weighted average interest rate of 2.09%, and $23.5 million available for borrowing.
	The Company had $10.0 million outstanding under the Series C Loan and $10.0 million available for borrowing. The Company also entered into a notes payable agreement totaling $17.0 million, with a fixed interest rate of 4.05%.
	Cap on General and Administrative Expenses
	As discussed in Note 10 to these consolidated financial statements, Cole Advisors stated that it will continue the existing expense cap for the three months ending March 31, 2015 and June 30, 2015, whereby Cole Advisors will fund all Excess G&A of the Company for the three months ending March 31, 2015 and June 30, 2015, respectively.
	Property Dispositions
	Subsequent to December 31, 2014, the Company entered into purchase and sale agreements for four properties and a property sale letter of interest for one property. The purchase price included in the purchase and sale agreements and the letter of interest is greater than the respective book value of each property. As of December 31, 2014, the potential buyers of these five properties either had not been identified or there had not been a binding purchase and sale agreement entered into for the sale of these properties. Therefore, the Company believes that the sale of these properties was not considered to be probable; as such, the requirements under GAAP to treat the properties as held for sale were not met as of December 31, 2014.
	Officer Appointment
	Effective March 24, 2015, Christine T. Brown was appointed principal accounting officer of the Company by the Company’s board of directors.

SCHEDULE_III_Real_Estate_Asset

SCHEDULE III b Real Estate Assets and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2014
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
Real Estate and Accumulated Depreciation
											Gross Amount
											at Which
						Initial Costs to Company			Total		Carried At	Accumulated
								Buildings &	Adjustment		December 31, 2014	Depreciation	Date	Date
	Description (a)			Encumbrances		Land		Improvements	to Basis		(b) (c)	(d) (e)	Acquired	Constructed
	Real Estate Held for Investment the Company Has Invested in Under Operating Leases
	Advance Auto:
		Macomb Township, MI		(f)		718		1,146	—		1,864	94	12/20/11	2009
		Sedalia, MO		(f)		374		1,187	—		1,561	42	9/23/13	2013
	Algonac Plaza:
		Algonac, MI		(f)		1,097		7,718	—		8,815	320	8/30/13	2002
	Amcor Rigid Plastics:
		Ames, IA		(f)		775		12,179	—		12,954	89	9/19/14	1996
	Aspen Dental :
		Someset, KY		(f)		285		1,037	—		1,322	10	8/18/14	2014
	AT&T:
		Oklahoma City, OK		(f)		622		1,493	—		2,115	31	5/1/14	2013
	AutoZone:
		Vandalia, OH				778		—	—		778	—	10/10/14	N/A
	Burger King:
		Midwest City, OK				576		413	—		989	3	9/30/14	1989
	Carrier Rental Systems:
		Houston, TX		(f)		749		3,832	—		4,581	29	9/4/14	2006
	CVS:
		Austin, TX		(f)		1,417		1,579	—		2,996	125	12/8/11	1997
		Erie, PA		(f)		1,007		1,157	—		2,164	90	12/9/11	1999
		Mansfield, OH		(f)		270		1,691	—		1,961	132	12/9/11	1998
		Wisconsin Rapids, WA		1,790		517		2,149	—		2,666	58	12/13/13	2013
	DaVita Dialysis:
		Austell, GA		(f)		581		2,359	—		2,940	38	5/6/14	2009
	Dollar General:
		Berwick, LA		(f)		141		1,448	—		1,589	84	11/30/12	2012
		Gladwin, MI		780		121		1,119	—		1,240	29	1/24/14	2013
		Independence, MO		837		276		1,017	—		1,293	49	3/15/13	2012
		Lexington, MI		707		89		1,033	—		1,122	27	1/24/14	2014
		Ocala, FL		(f)		205		1,308	—		1,513	21	5/7/14	2014
		Redfield, SD				43		839	—		882	7	9/5/14	2014
		Sardis City, AL		(f)		334		1,058	—		1,392	49	6/26/13	2012
		Sioux Falls, SD		(f)		293		989	—		1,282	15	6/25/14	2014
		Stacy, MN				84		810	—		894	3	11/6/14	2014
		St. Joseph, MO		(f)		197		972	—		1,169	46	4/2/13	2013
		Topeka, KS				176		882	—		1,058	5	10/22/14	2014
	Enid Crossing:
		Enid, OK		3,407		685		4,426	—		5,111	77	6/30/14	2013
	Family Dollar:
		Centreville, AL		(f)		50		1,121	—		1,171	21	4/29/14	2013
		Danville, VA		(f)		228		775	—		1,003	14	6/17/14	2013
		Darby, MT		(f)		244		889	—		1,133	7	9/30/14	2014
		Denton, NC		(f)		334		545	—		879	9	6/17/14	2012
		Deridder, LA		(f)		183		746	—		929	7	9/3/14	2014
		Hampton, AR				131		741	—		872	8	9/15/14	2014
		Londonderry, OH		(f)		65		1,078	—		1,143	10	9/3/14	2014
		Tatum, NM				130		806	—		936	18	3/31/14	2014
		West Portsmouth, OH		(f)		214		768	—		982	6	9/23/14	2004
											Gross Amount
											at Which
						Initial Costs to Company			Total		Carried At	Accumulated
								Buildings &	Adjustment		December 31, 2014	Depreciation	Date	Date
	Description (a)			Encumbrances		Land		Improvements	to Basis		(b) (c)	(d) (e)	Acquired	Constructed
	FedEx:
		Elko, NV		(f)		186		2,024	—		2,210	87	5/28/13	2012
		Norfolk, NE		(f)		618		2,499	—		3,117	93	8/19/13	2013
		Spirit Lake, IA				115		2,501	—		2,616	69	12/12/13	2013
Fresenius Medical Care:
	Baton Rouge (Foster), LA		(f)		145		697	—		842	53	1/22/13	2006
	Baton Rouge (Howell), LA		(f)		215		1,424	—		1,639	93	1/22/13	2008
Great White:
	Oklahoma City, OK		(f)		323		4,031	—		4,354	69	5/29/14	1973
Headwaters:
	Bryan, TX		(f)		273		962	—		1,235	11	7/22/14	2014
Jo-Ann's:
	Roseville, MI		(f)		506		2,747	—		3,253	111	9/30/13	1996
Kum & Go:
	Cedar Rapids, IA		1,501		630		1,679	—		2,309	74	5/3/13	2011
Lowe's:
	Fremont, OH		5,312		1,287		7,125	—		8,412	214	12/11/13	1996
Mattress Firm:
	Gadsden, AL		(f)		393		1,413	—		1,806	58	6/10/13	2012
	Fairview Park, OH		(f)		646		830	—		1,476	13	6/16/14	2014
	Phoenix, AZ		(f)		550		956	—		1,506	22	2/26/14	2014
Mattress Firm & AT&T:
	Woodbury, MN		(f)		812		2,237	—		3,049	60	1/24/14	2013
McAlister's Deli:
	Amarillo, TX		(f)		435		1,050	—		1,485	25	3/27/14	2010
	Shawnee, OK		(f)		601		1,054	—		1,655	24	3/27/14	2007
National Tire & Battery:
	Conyers, GA				522		1,845	—		2,367	14	9/26/14	1995
Northern Tool:
	Hoover, AK		(f)		691		2,149	—		2,840	22	8/15/14	2014
Natural Grocers:
	Prescott, AZ		2,367		795		2,802	—		3,597	135	5/6/13	2012
O'Reilly Auto Parts:
	Fayetteville, NC		(f)		132		1,246	—		1,378	25	3/18/14	2012
PetSmart:
	Little Rock, AR		(f)		1,283		2,820	—		4,103	115	7/19/13	1996
	McAllen, TX				1,961		1,994	—		3,955	24	9/30/14	1995
Raising Canes:
	Avondale, AZ		(f)		3,292		—	—		3,292	—	5/23/14	2013
Sherwin-Williams:
	Douglasville, GA		(f)		417		578	—		995	21	8/2/13	2009
	Lawrenceville, GA		(f)		320		844	—		1,164	32	9/24/13	2013
Shopko:
	Larned, KS		(f)		49		1,727	—		1,776	26	6/30/14	2008
Shoppes at Battle Bridge:
	Raleigh, NC		(f)		1,450		8,436	—		9,886	71	9/4/14	2008
Sunoco:
	Merritt Island, FL		(f)		577		1,762	—		2,339	75	4/12/13	2008
Tailwinds:
	Denton, TX				884		7,747	—		8,631	57	9/30/14	2013
										Gross Amount
										at Which
					Initial Costs to Company			Total		Carried At	Accumulated
							Buildings &	Adjustment		December 31, 2014	Depreciation	Date	Date
Description (a)			Encumbrances		Land		Improvements	to Basis		(b) (c)	(d) (e)	Acquired	Constructed
Tellico Greens:
	Loudon, TN		(f)		823		3,959	—		4,782	115	12/20/13	2008
The Parke:
	San Antonio, TX		(f)		6,912		148	171		7,231	68	12/9/11	2008
Time Warner:
	Streetsboro, OH				811		3,850	—		4,661	30	9/30/14	2003
Tire Centers:
	Decatur, AL				208		1,329	—		1,537	8	10/3/14	1998
TJ Maxx:
	Danville, IL		(f)		271		2,528	—		2,799	103	9/23/13	2013
Tractor Supply:
	Brunswick, GA		(f)		438		2,267	—		2,705	199	12/9/11	2008
	Lockhart, TX		(f)		464		2,047	—		2,511	173	12/8/11	2008
Walgreens:
	Albuquerque, NM		(f)		789		1,610	9		2,408	125	12/7/11	1995
	Coweta, OK		(f)		725		3,245	—		3,970	44	6/30/14	2009
	Reidsville, NC		3,603		610		3,800	—		4,410	298	12/8/11	2008
	St. Louis, MO				307		3,204	—		3,511	30	8/8/14	2007
TOTAL:			20,304		46,455		156,476	180		203,111	4,459
(a) As of December 31, 2014, the Company owned 69 single tenant, freestanding retail properties and six multi-tenant retail properties.
(b) The aggregate cost for federal income tax purposes was approximately $226.3 million.
(c) The following is a reconciliation of total real estate carrying value for the years ended December 31:
			2014			2013		2012
Balance, beginning of period			$	92,717		$	29,839	$	28,069
	Additions
		Acquisitions	110,394			62,878		1,590
		Improvements	—			—		180
	Total additions		110,394			62,878		1,770
	Deductions
		Cost of real estate sold	—			—		—
	Total deductions		—			—		—
Balance, end of period			$	203,111		$	92,717	$	29,839
(d) The following is a reconciliation of accumulated depreciation for the years ended December 31:
			2014			2013		2012
Balance, beginning of period			$	1,451		$	440	$	17
	Additions
		Acquisitions - Depreciation Expense for Building & Tenant Improvements Acquired	2,987			990		420
		Improvements - Depreciation Expense for Tenant Improvements & Building Equipment	21			21		3
	Total additions		3,008			1,011		423
	Deductions
		Cost of real estate sold	—			—		—
	Total deductions		—			—		—
Balance, end of period			$	4,459		$	1,451	$	440
(e) The Company’s assets are depreciated or amortized using the straight-line method over the useful lives of the assets by class. Generally, tenant improvements are amortized over the respective lease term and buildings are depreciated over 40 years.
(f) Part of the Line of Credit’s Borrowing Base. As of December 31, 2014, the Company had $100.0 million outstanding under the Line of Credit.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Basis of presentation	The summary of significant accounting policies presented below is designed to assist in understanding the Company’s consolidated financial statements. These accounting policies conform to accounting principles generally accepted in the United States of America (“GAAP”) in all material respects, and have been consistently applied in preparing the accompanying consolidated financial statements.
Principles of consolidation	Principles of Consolidation and Basis of Presentation
	The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
Use of estimates	Use of Estimates
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Investment in and valuation of real estate and related assets	Investment in and Valuation of Real Estate and Related Assets
	Real estate and related assets are stated at cost, less accumulated depreciation and amortization. Amounts capitalized to real estate and related assets consist of the cost of acquisition, excluding acquisition related expenses, construction and any tenant improvements, major improvements and betterments that extend the useful life of the real estate and related assets and leasing costs. All repairs and maintenance are expensed as incurred.
	The Company is required to make subjective assessments as to the useful lives of its depreciable assets. The Company considers the period of future benefit of each respective asset to determine the appropriate useful life of the assets. Real estate and related assets, other than land, are depreciated or amortized on a straight-line basis. The estimated useful lives of the Company’s real estate and related assets by class are generally as follows:
	Buildings	40 years
	Tenant improvements	Lesser of useful life or lease term
	Intangible lease assets	Lease term
	The Company continually monitors events and changes in circumstances that could indicate that the carrying amounts of its real estate and related assets may not be recoverable. Impairment indicators that the Company considers include, but are not limited to, bankruptcy or other credit concerns of a property’s major tenant, such as a history of late payments, rental concessions and other factors, a significant decrease in a property’s revenues due to lease terminations, vacancies, co-tenancy clauses, reduced lease rates or other circumstances. When indicators of potential impairment are present, the Company assesses the recoverability of the assets by determining whether the carrying amount of the assets will be recovered through the undiscounted future cash flows expected from the use of the assets and their eventual disposition. In the event that such expected undiscounted future cash flows do not exceed the carrying amount, the Company will adjust the real estate and related assets to their respective fair values and recognize an impairment loss. Generally, fair value is determined using a discounted cash flow analysis and recent comparable sales transactions. No impairment indicators were identified and no impairment losses were recorded during the years ended December 31, 2014, 2013 or 2012.
	When developing estimates of expected future cash flows, the Company makes certain assumptions regarding future market rental income amounts subsequent to the expiration of current lease agreements, property operating expenses, terminal capitalization and discount rates, the expected number of months it takes to re-lease the property, required tenant improvements and the number of years the property will be held for investment. The use of alternative assumptions in estimating expected future cash flows could result in a different determination of the property’s expected future cash flows and a different conclusion regarding the existence of an impairment, the extent of such loss, if any, as well as the fair value of the real estate and related assets.
	When a real estate asset is identified by the Company as held for sale, the Company will cease depreciation and amortization of the assets related to the property and estimate the fair value, net of selling costs. If, in management’s opinion, the fair value, net of selling costs, of the asset is less than the carrying amount of the asset, an adjustment to the carrying amount would be recorded to reflect the estimated fair value of the property, net of selling costs. There were no assets identified as held for sale as of December 31, 2014 or 2013 or 2012.
Allocation of purchase price of real estate and related assets	Allocation of Purchase Price of Real Estate and Related Assets
	Upon the acquisition of real properties, the Company allocates the purchase price to acquired tangible assets, consisting of land, buildings and improvements, and identified intangible assets and liabilities, consisting of the value of above market and below market leases and the value of in-place leases, based in each case on their respective fair values. Acquisition related expenses are expensed as incurred. The Company utilizes independent appraisals to assist in the determination of the fair values of the tangible assets of an acquired property (which includes land and building). The Company obtains an independent appraisal for each real property acquisition. The information in the appraisal, along with any additional information available to the Company’s management, is used in estimating the amount of the purchase price that is allocated to land. Other information in the appraisal, such as building value and market rents, may be used by the Company’s management in estimating the allocation of purchase price to the building and to intangible lease assets and liabilities. The appraisal firm has no involvement in management’s allocation decisions other than providing this market information.
	The fair values of above market and below market lease intangibles are recorded based on the present value (using a discount rate which reflects the risks associated with the leases acquired) of the difference between (1) the contractual amounts to be paid pursuant to the in-place leases and (2) an estimate of fair market lease rates for the corresponding in-place leases, which is generally obtained from independent appraisals, measured over a period equal to the remaining non-cancelable term of the lease including any bargain renewal periods, with respect to a below market lease. The above market and below market lease intangibles are capitalized as intangible lease assets or liabilities, respectively. Above market leases are amortized as a reduction to rental income over the remaining terms of the respective leases. Below market leases are amortized as an increase to rental income over the remaining terms of the respective leases, including any bargain renewal periods. In considering whether or not the Company expects a tenant to execute a bargain renewal option, the Company evaluates economic factors and certain qualitative factors at the time of acquisition, such as the financial strength of the tenant, remaining lease term, the tenant mix of the leased property, the Company’s relationship with the tenant and the availability of competing tenant space. If a lease were to be terminated prior to its stated expiration, all unamortized amounts of above market or below market lease intangibles relating to that lease would be recorded as an adjustment to rental income.
	The fair values of in-place leases include estimates of direct costs associated with obtaining a new tenant and opportunity costs associated with lost rental and other property income which are avoided by acquiring a property with an in-place lease. Direct costs associated with obtaining a new tenant include commissions and other direct costs, and are estimated in part by utilizing information obtained from independent appraisals and management’s consideration of current market costs to execute a similar lease. The intangible values of opportunity costs, which are calculated using the contractual amounts to be paid pursuant to the in-place leases over a market absorption period for a similar lease are capitalized as intangible lease assets and are amortized to expense over the remaining term of the respective leases. If a lease were to be terminated prior to its stated expiration, all unamortized amounts of in-place lease assets relating to that lease would be expensed.
	The Company may acquire certain properties subject to contingent consideration arrangements that may obligate the Company to pay additional consideration to the seller based on the outcome of future events. Additionally, the Company may acquire certain properties for which it funds certain contingent consideration amounts into an escrow account pending the outcome of certain future events. The outcome may result in the release of all or a portion of the escrow funds to the Company or the seller or a combination thereof. Contingent consideration arrangements will be based on a predetermined formula and have set time periods regarding the obligation to make future payments, including funds released to the seller from escrow accounts, or the right to receive escrowed funds as set forth in the respective purchase and sale agreement. Contingent consideration arrangements, including amounts funded through an escrow account, will be recorded upon acquisition of the respective property at their estimated fair value, and any changes to the estimated fair value, subsequent to acquisition, will be reflected in the accompanying consolidated statements of operations. The determination of the amount of contingent consideration arrangements is based on the probability of several possible outcomes as identified by management.
	The Company will estimate the fair value of assumed mortgage notes payable based upon indications of current market pricing for similar types of debt financing with similar maturities. Assumed mortgage notes payable will initially be recorded at their estimated fair value as of the assumption date, and any difference between such estimated fair value and the mortgage note’s outstanding principal balance will be amortized to interest expense over the term of the respective mortgage note payable.
	The determination of the fair values of the real estate and related assets and liabilities acquired requires the use of significant assumptions with regard to the current market rental rates, rental growth rates, capitalization and discount rates, interest rates and other variables. The use of alternative estimates may result in a different allocation of the Company’s purchase price, which could impact the Company’s results of operations.
Investment in marketable securities	Investment in Marketable Securities
	Investment in marketable securities consists primarily of the Company’s investment in corporate and government debt securities. The Company determines the appropriate classification for debt securities at the time of purchase and reevaluates such designation as of each balance sheet date. As of December 31, 2014, the Company classified its investments as available-for-sale as the Company is not actively trading the securities; however, the Company may sell them prior to their maturity. These investments are carried at their estimated fair value with unrealized gains and losses reported in accumulated other comprehensive income (loss).
	The Company monitors its available-for-sale securities for impairments. A loss is recognized when the Company determines that a decline in the estimated fair value of a security below its amortized cost is other-than-temporary. The Company considers many factors in determining whether the impairment of a security is deemed to be other-than-temporary, including, but not limited to, the length of time the security has had a decline in estimated fair value below its amortized cost, the amount of the unrealized loss, the intent and ability of the Company to hold the security for a period of time sufficient for a recovery in value, recent events specific to the issuer or industry, external credit ratings and recent changes in such ratings. The analysis of determining whether the impairment of a security is deemed to be other-than-temporary requires significant judgments and assumptions. The use of alternative judgments and assumptions could result in a different conclusion.
	The amortized cost of debt securities is adjusted for amortization of premiums and accretion of discounts to maturity computed under the effective interest method and is recorded in the accompanying consolidated statements of operations in interest income on marketable securities along with interest and dividend income. Upon the sale of a security, the realized net gain or loss is computed on the specific identification method.
Cash and cash equivalents	Cash and Cash Equivalents
	The Company considers all highly liquid instruments with maturities when purchased of three months or less to be cash equivalents. The Company considers investments in highly liquid money market accounts to be cash equivalents.
Restricted cash and escrows	Restricted Cash and Escrows
	Included in restricted cash were escrowed investor proceeds for which shares of common stock had not been issued as of December 31, 2014 and 2013.
Rents and tenant receivables	Rents and Tenant Receivables
	Rents and tenant receivables primarily include amounts to be collected in future periods related to the recognition of rental income on a straight-line basis over the lease term and cost recoveries due from tenants. The Company makes estimates of the uncollectability of its accounts receivable related to base rents, expense reimbursements and other revenues. The Company analyzes accounts receivable and historical bad debt levels, customer creditworthiness and current economic trends when evaluating the adequacy of the allowance for doubtful accounts. In addition, tenants in bankruptcy, if any, are analyzed and estimates are made in connection with the expected recovery of pre-petition and post-petition claims. The Company’s reported net income or loss is directly affected by management’s estimate of the collectability of accounts receivable. The Company records allowances for those balances that the Company deems to be uncollectible, including any amounts relating to straight-line rent receivables. As of December 31, 2014 and 2013, no balances were deemed uncollectible and no allowance was recorded.
Prepaid expenses and other assets	Prepaid Expenses and Other Assets
	Prepaid expenses and other assets include expenses paid as of the balance sheet date that relate to future periods and will be expensed or reclassified to another account during the period to which the costs relate. Any amounts with no future economic benefit are charged to earnings when identified.
Deferred financing costs	Deferred Financing Costs
	Deferred financing costs are capitalized and amortized on a straight-line basis over the term of the related financing arrangement, which approximates the effective interest method. If a note payable is prepaid, any unamortized deferred financing costs related to the note payable would be expensed. Amortization of deferred financing costs was $727,000, $300,000 and $177,000 for the years ended December 31, 2014, 2013 and 2012, respectively, and was recorded in interest expense in the consolidated statements of operations.
Revenue recognition	Revenue Recognition
	Certain properties have leases where minimum rental payments increase during the term of the lease. The Company records rental revenue for the full term of each lease on a straight-line basis. When the Company acquires a property, the terms of existing leases are considered to commence as of the acquisition date for the purposes of this calculation. The Company defers the recognition of contingent rental income, such as percentage rents, until the specific target that triggers the contingent rental income is achieved. Expected reimbursements from tenants for recoverable real estate taxes and operating expenses are included in tenant reimbursement income in the period when such costs are incurred.
Income taxes	Income Taxes
	The Company elected to be taxed, and qualified, as a REIT for federal income tax purposes under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”). The Company generally is not subject to federal corporate income tax to the extent it distributes its taxable income to its stockholders, and so long as it, among other things, distributes at least 90% of its annual taxable income (computed without regard to the dividends paid deduction and excluding net capital gains). REITs are subject to a number of other organizational and operational requirements. Even if the Company maintains its qualification for taxation as a REIT, it may be subject to certain state and local taxes on its income and property, and federal income and excise taxes on its undistributed income.
Concentration of credit risk	Concentration of Credit Risk
	As of December 31, 2014, the Company had cash on deposit at four financial institutions, in one of which the Company had deposits in excess of federally insured levels totaling $4.1 million; however, the Company has not experienced any losses in such accounts. The Company limits significant cash deposits to accounts held by financial institutions with high credit standing; therefore, the Company believes it is not exposed to any significant credit risk on its cash deposits.
	As of December 31, 2014, no single tenant accounted for greater than 10% of the Company’s 2014 gross annualized rental revenues. Tenants in the discount store, manufacturing and drugstore industries accounted for 15%, 13% and 10%, respectively, of the Company’s 2014 gross annualized rental revenues. Additionally, the Company has certain geographic concentrations in its property holdings. In particular, as of December 31, 2014, eight of the Company’s properties were located in Texas, accounting for 17%, of the Company’s 2014 gross annualized rental revenues.
Offering and related costs	Offering and Related Costs
	Cole Advisors funds all of the organization and offering costs associated with the sale of the Company’s common stock (excluding selling commissions, the distribution fee and the dealer manager fee) and is reimbursed for such costs up to 0.75% of gross proceeds from the Offering, excluding selling commissions charged on A Shares sold in the Primary Offering. As of December 31, 2014, Cole Advisors, or its affiliates, had paid organization and offering costs in excess of the 0.75% in connection with the Offering. These excess costs were not included in the financial statements of the Company because such costs were not a liability of the Company as they exceeded 0.75% of gross proceeds from the Offering. As the Company raises additional proceeds from the Offering, these excess costs may become payable to Cole Advisors.
Due to affiliates	Due to Affiliates
	Cole Advisors and certain of its affiliates received, and will continue to receive, fees, reimbursements and compensation in connection with services provided relating to the Offering and the acquisition, management and performance of the Company’s assets. As of December 31, 2014 and 2013, $1.8 million and $829,000, respectively, was due to Cole Advisors and its affiliates for such services, as discussed in Note 10 to these consolidated financial statements.
Stockholders' equity	Stockholders’ Equity
	As of December 31, 2014, the Company was authorized to issue up to 500,000,000 shares of capital stock. Of the total number of shares of capital stock authorized (a) 490,000,000 shares are designated as common stock, 164,000,000 of which are classified as W Shares, 163,000,000 of which are classified as A Shares and 163,000,000 of which are classified as I Shares, and (b) 10,000,000 shares are designated as preferred stock. All shares of such stock have a par value of $0.01 per share. The par value of investor proceeds raised from the Offering is classified as common stock, with the remainder allocated to capital in excess of par value. The Company’s board of directors may amend the charter from time to time to increase or decrease the aggregate number of authorized shares of capital stock or the number of authorized shares of capital stock of any class or series without stockholder approval.
Redeemable common stock	Redeemable Common Stock
	The Company has adopted a share redemption program that permits its stockholders to redeem their shares, subject to certain limitations discussed in Note 12 to these consolidated financial statements. The Company records amounts that are redeemable under the share redemption program as redeemable common stock outside of permanent equity on its consolidated balance sheets. Redeemable common stock is recorded at the greater of the carrying amount or redemption value each reporting period. Changes in the value from period to period are recorded as an adjustment to capital in excess of par value.
	As of December 31, 2014, the quarterly redemption capacity was equal to 10% of the Company’s NAV and this amount was recorded as redeemable common stock on the consolidated balance sheet for a total of $12.5 million. As of December 31, 2013, the outstanding shares eligible for redemption were recorded as redeemable common stock on the consolidated balance sheet, at the NAV per share, for a total of $7.0 million. As of December 31, 2014 and 2013, certain shares were not permitted to be redeemed subject to certain limitations as discussed in Note 12 to these consolidated financial statements.
Earnings (loss) per share	Earnings (Loss) Per Share
	Earnings (loss) per share is calculated based on the weighted average number of common shares outstanding during each period presented. Diluted income (loss) per share considers the effect of any potentially dilutive share equivalents, of which the Company had none for each of the years ended December 31, 2014, 2013 and 2012.
Reportable segments	Reportable Segments
	The Company’s commercial real estate investments primarily consist of single-tenant, necessity commercial properties, which are leased to creditworthy tenants under long-term net leases and provide current operating cash flow. The commercial properties are geographically diversified throughout the United States and have similar economic characteristics. The Company evaluates operating performance on an overall portfolio level; therefore the Company’s properties are one reportable segment.
Interest	Interest
	Interest is charged to interest expense as it accrues. No interest costs were capitalized during the years ended December 31, 2014, 2013 and 2012.
Distributions payable and distribution policy	Distributions Payable and Distribution Policy
	In order to qualify as a REIT, the Company is required, among other things, to make distributions each taxable year equal to at least 90% of its taxable income, determined without regard to the deduction for dividends paid and excluding certain non-cash items and net capital gains. To the extent funds are available, the Company intends to pay regular distributions to stockholders. Distributions are paid to stockholders of record as of the applicable record dates.
	The Company’s board of directors authorized a daily distribution, based on 365 days in the calendar year of $0.002563727 per share for stockholders of record as of the close of business on each day of the period commencing on January 1, 2014 and ending on March 31, 2014. In addition, the Company’s board of directors authorized a daily distribution at $0.002678083 per share for stockholders of record as of the close of business on each day of the period commencing on April 1, 2014 and ending on December 31, 2014. The daily distribution amount for each class of outstanding common stock is adjusted based on the relative NAV of the various classes each day so that, from day to day, distributions constitute a uniform percentage of the NAV per share of all classes. As a result, from day to day, the per share daily distribution for each outstanding class of common stock may be higher or lower than the daily distribution amount authorized by our board of directors. As of December 31, 2014, the Company had distributions payable of $595,000. The distributions were paid in January 2015, of which $256,000 were reinvested in shares through the DRIP.
Recent accounting pronouncements	Recent Accounting Pronouncements
	In April 2014, the U.S. Financial Accounting Standards Board (the “FASB”), issued Accounting Standards Update (“ASU”) 2014-08 Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity (“ASU 2014-08”), which amends the reporting requirements for discontinued operations by updating the definition of a discontinued operation to be a component of an entity that represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results, resulting in fewer disposals that qualify for discontinued operations reporting, yet, the pronouncement also requires expanded disclosures for discontinued operations. The adoption of ASU 2014-08 did not have a material impact on the Company’s financial statements because the Company did not have any discontinued operations.
	In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), which supersedes the revenue recognition requirements in Revenue Recognition (Topic 605), and requires an entity to recognize revenue in a way that depicts the transfer of promised goods or services to customers, including real estate sales, in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016, and is to be applied retrospectively, with early application not permitted. The Company does not believe ASU 2014-09, when effective, will have a material impact on the Company’s financial statements.
	In August 2014, the FASB issued ASU 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014-15”), which requires management to assess an entity’s ability to continue as a going concern, and to provide related footnote disclosures in certain circumstances. ASU 2014-15 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016, with early application permitted. The Company does not believe ASU 2014-15, when effective, will have a material impact on the Company’s financial statements because the Company currently does not have any conditions that give rise to substantial doubt about its ability to continue as a going concern.
	In February 2015, the FASB issued ASU No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis (“ASU 2015-02”), which eliminates the deferral of FAS 167, Amendments to FASB Interpretation No. 46(R) (“FAS 167”) and makes changes to both the variable interest model and the voting model. These changes will require re-evaluation of certain entities for consolidation and will require the Company to revise its documentation regarding the consolidation or deconsolidation of such entities. ASU 2015-02 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015, and is to be applied retrospectively, with early adoption permitted. The Company does not believe ASU 2015-02, when effective, will have a material impact on the Company’s financial statements.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Investment in and valuation of real estate and related assets	Real estate and related assets, other than land, are depreciated or amortized on a straight-line basis. The estimated useful lives of the Company’s real estate and related assets by class are generally as follows:
	Buildings	40 years
	Tenant improvements	Lesser of useful life or lease term
	Intangible lease assets	Lease term

Real_Estate_Assets_Tables

Real Estate Assets - (Tables)	12 Months Ended
	Dec. 31, 2014
Real Estate [Abstract]
Schedule of purchase price allocation	The Company purchased the 2014 Acquisitions with net proceeds from the Offering, combined with proceeds from borrowings, as discussed in Note 7 to these consolidated financial statements. The Company allocated the purchase price of these properties to the fair value of the assets acquired and liabilities assumed. The following table summarizes the purchase price allocation for the acquisitions purchased during the year ended December 31, 2014 (in thousands):
		December 31, 2014
	Land	$	22,312
	Building and improvements	88,082
	Acquired in-place leases	13,260
	Acquired above market leases	3,614
	Acquired below market leases	(863		)
	Total purchase price	$	126,405
	The Company allocated the purchase price of these properties to the fair value of the assets acquired and liabilities assumed. The following table summarizes the purchase price allocation (in thousands):
		December 31, 2013
	Land	$	11,378
	Building and improvements	51,500
	Acquired in place leases	7,963
	Acquired above market leases	213
	Acquired below market leases	(520		)
	Total purchase price	$	70,534
Business acquisition, pro forma information	The table below presents the Company’s estimated revenue and net income, on a pro forma basis, for the years ended December 31, 2013 and 2012 (in thousands):
		Year Ended
		31-Dec-13			31-Dec-12
	Pro forma basis (unaudited):
	Revenue	$	8,771		$	8,538
	Net income	$	879		$	859
	The table below presents the Company’s estimated revenue and net income, on a pro forma basis, for the years ended December 31, 2014 and 2013 (in thousands):
		Year Ended
		December 31, 2014			December 31, 2013
	Pro forma basis (unaudited):
	Revenue	$	18,951		$	15,171
	Net income	$	2,620		$	1,630

Intangible_Lease_Assets_Tables

Intangible Lease Assets (Tables)	12 Months Ended
	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of finite-lived intangible assets	Intangible lease assets consisted of the following (in thousands, except weighted average life amounts):
				As of December 31,
				2014			2013
	In-place leases, net of accumulated amortization of $2,317 and $765, respectively
		(with a weighted average life remaining of 12.1 and 13.3 years, respectively).		$	23,130		$	11,247
	Acquired above market leases, net of accumulated amortization of $204 and $30,
		respectively (with a weighted average life remaining of 11.7 and 11.4 years, respectively).		3,723			283
				$	26,853		$	11,530
Schedule of finite-lived intangible assets, future amortization expense	As of December 31, 2014, the estimated amortization expense relating to the intangible lease assets for each of the five succeeding fiscal years is as follows (in thousands):
			Amortization
	Year ending December 31,		In-Place Leases			Above Market Leases
	2015		$	2,141		$	356
	2016		$	2,114		$	356
	2017		$	2,085		$	350
	2018		$	2,027		$	325
	2019		$	2,017		$	318

Marketable_Securities_Tables

Marketable Securities (Tables)	12 Months Ended
	Dec. 31, 2014
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	The following is a summary of the Company’s available-for-sale securities as of December 31, 2014 (in thousands):
		Available-for-sale securities
		Amortized Cost Basis			Unrealized Gain			Fair Value
	U.S. Treasury Bonds	$	179		$	3		$	182
	U.S. Agency Bonds	85			—			85
	Corporate Bonds	223			—			223
	Total available-for-sale securities	$	487		$	3		$	490
Schedule of available-for-sale securities reconciliation	The following table provides the activity for the marketable securities during the year ended December 31, 2014 (in thousands):
		Amortized Cost Basis			Unrealized (Loss) Gain			Fair Value
	Marketable securities as of January 1, 2014	$	463		$	(3	)	$	460
	Face value of marketable securities acquired	295			—			295
	Premiums and discounts on purchase of marketable securities, net of acquisition costs	(5		)	—			(5		)
	Amortization on marketable securities	(2		)	—			(2		)
	Sales of securities	(264		)	—			(264		)
	Increase in fair value of marketable securities	—			6			6
	Marketable securities as of December 31, 2014	$	487		$	3		$	490
Unrealized gain (loss) on investments	The following table shows the fair value and gross unrealized losses of the Company’s available-for-sale securities as of December 31, 2014 and the length of time the available-for-sale securities have been in the unrealized loss position (in thousands):
		Less than 12 Months						12 Months or More						Total
		Fair			Unrealized Losses			Fair			Unrealized Losses			Fair		Unrealized Losses
		Value						Value						Value
	U.S. Treasury Bonds	$	55		$	—		$	40		$	—		$	95	$	—
	U.S. Agency Bonds	10			—			60			(1		)	70		(1		)
	Corporate Bonds	40			—			51			(1		)	91		(1		)
	Total temporarily impaired securities	$	105		$	—		$	151		$	(2	)	$	256	$	(2	)
Investments classified by contractual maturity date	The scheduled maturities of the Company’s marketable securities as of December 31, 2014 are as follows (in thousands):
		Available-for-sale securities
		Amortized Cost			Estimated Fair Value
	Due within one year	$	81		$	81
	Due after one year through five years	215			215
	Due after five years through ten years	181			184
	Due after ten years	10			10
	Total	$	487		$	490

Line_of_Credit_and_Note_Payabl1

Line of Credit and Note Payable (Tables)	12 Months Ended
	Dec. 31, 2014
Debt Disclosure [Abstract]
Summary of debt activity	The following table summarizes the debt balances as of December 31, 2014 and 2013, and the debt activity for the year ended December 31, 2014 (in thousands):
		Balance as of December 31, 2013		Debt Issuance		Repayments			Balance as of December 31, 2014
	Line of credit	$	43,900	$	99,054	$	(42,954	)	$	100,000
	Fixed rate debt	—		20,304		—			20,304
	Total	$	43,900	$	119,358	$	(42,954	)	$	120,304
Schedule of maturities of long-term debt	The following table summarizes the scheduled aggregate principal repayments for the Company’s outstanding debt as of December 31, 2014 for each of the five succeeding fiscal years and the period thereafter (in thousands):
	Year ending December 31,	Principal Repayments
	2015	$	—
	2016	—
	2017	100,000
	2018	—
	2019	—
	Thereafter	20,304
	Total	$	120,304

Acquired_Below_Market_Lease_In1

Acquired Below Market Lease Intangibles (Tables)	12 Months Ended
	Dec. 31, 2014
Intangible Liabilities Disclosure [Abstract]
Schedule of finite-lived intangible liabilities	Acquired below market lease intangibles consisted of the following (in thousands, except weighted average life amounts):
			As of December 31,
			2014		2013
	Acquired below market leases, net of accumulated amortization of $279 and $126,
		respectively (with a weighted average life remaining of 12.6 and 15.3 years, respectively)	$	2,058	$	1,348
Schedule of finite-lived intangible assets, future amortization expense	As of December 31, 2014, the estimated amortization of the intangible lease liabilities for each of the five succeeding fiscal years is as follows (in thousands):
			Amortization of
	Year ending December 31,		Below Market Leases
	2015		$	200
	2016		$	196
	2017		$	195
	2018		$	181
	2019		$	181

RelatedParty_Transactions_and_1

Related-Party Transactions and Arrangements (Tables)	12 Months Ended
	Dec. 31, 2014
Related Party Transactions [Abstract]
Schedule of related party transactions	The Company recorded fees and expense reimbursements as shown in the table below for services provided by Cole Advisors or its affiliates related to the services described above during the years indicated (in thousands):
		Year Ended December 31,
		2014		2013			2012
	Acquisitions, Operations and Performance:
	Acquisition expense reimbursement	$	490	$	—		$	—
	Advisory fee	$	926	$	375		$	56
	Operating expense reimbursement	$	—	$	—		$	—
	Performance fee	$	1,076	$	431		$	143
	The Company recorded commissions, fees and expense reimbursements as shown in the table below for services provided by Cole Advisors and its affiliates related to the services described above during the years indicated (in thousands):
		Year Ended December 31,
		2014		2013			2012
	Offering:
	Selling commissions	$	563	$	16		$	—
	Selling commissions reallowed by CCC	$	563	$	16		$	—
	Distribution fee	$	36	$	—		$	—
	Distribution fee reallowed by CCC	$	34	$	—		$	—
	Dealer manager fees	$	556	$	229		$	34
	Dealer manager fees reallowed by CCC	$	49	$	7		$	—
	Organization and offering expense reimbursement	$	520	$	406		$	28
	In connection with the Offering, CCC, the Company’s dealer manager, will receive selling commissions, an asset-based dealer manager fee and/or an asset-based distribution fee, as summarized in the table below for each class of common stock:
			Selling Commission (1)	Dealer		Distribution Fee (2)
				Manager Fee (2)
	W Shares		—	0.55	%	—
	A Shares		up to 3.75%	0.55	%	0.5	%
	I Shares		—	0.25	%	—
	(1) The selling commission is based on the offering price for A Shares. The selling commission expressed as a percentage of NAV per A Share, rather than the offering price, is up to 3.90%, subject to rounding and the effect of volume discounts the Company is offering on certain purchases of $150,001 or more of A Shares. Selling commissions are deducted directly from the offering price for A Shares and paid to CCC. CCC reallows 100% of the selling commissions on A Shares to participating broker-dealers.
	(2) The dealer manager and distribution fees accrue daily in an amount equal to 1/365th of the percentage of NAV per W Share, A Share or I Share, as applicable, for such day on a continuous basis. CCC, in its sole discretion, may reallow a portion of the dealer manager fee and distribution fee to participating broker-dealers.

Income_Taxes_Tables

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Schedule of dividends and distributions	The following table shows the character of the distributions we paid on a percentage basis for the years ended December 31, 2014 and 2013:
	Character of Distributions (unaudited):	2014		2013		2012
	Ordinary dividends	52.9	%	33.2	%	2.5	%
	Nontaxable distributions	47.1	%	66.8	%	97.5	%
	Total	100	%	100	%	100	%

Operating_Leases_Tables

Operating Leases - (Tables)	12 Months Ended
	Dec. 31, 2014
Leases [Abstract]
Schedule of future minimum rental payments for operating leases	As of December 31, 2014, the future minimum rental income from the Company’s investment in real estate assets under non-cancelable operating leases, assuming no exercise of renewal options for the succeeding five fiscal years was as follows (in thousands):
	Year ending December 31,	Future Minimum
		Rental Income
	2015	$	17,811
	2016	17,763
	2017	17,623
	2018	17,295
	2019	17,249
	Thereafter	125,814
	Total	$	213,555

Quarterly_Results_Unaudited_Ta

Quarterly Results (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Schedule of quarterly financial information	Presented below is a summary of the unaudited quarterly financial information for the years ended December 31, 2014 and 2013 (in thousands, except per share amounts). In the opinion of management, the information for the interim periods presented include all adjustments, which are of a normal and recurring nature, necessary to present a fair presentation of the results for each period.
		December 31, 2014
		First Quarter			Second Quarter			Third Quarter			Fourth Quarter
	Revenues	$	2,352		$	2,689		$	3,442		$	4,822
	Operating income	738			659			622			783
	Net income (loss)	281			115			(81		)	(64		)
	Basic and diluted net income (loss) per common share	0.06			0.02			(0.01		)	(0.01		)
	Distributions declared per common share	0.23			0.25			0.25			0.25
		December 31, 2013
		First Quarter			Second Quarter			Third Quarter			Fourth Quarter
	Revenues	$	780		$	994		$	1,361		$	1,954
	Operating income (loss)	158			75			(153		)	330
	Net loss	(22		)	(97		)	(389		)	(26		)
	Basic and diluted net loss per common share	(0.02		)	(0.05		)	(0.13		)	(0.01		)
	Distributions declared per common share	0.22			0.22			0.22			0.25

Organization_and_Business_Deta

Organization and Business (Details) (USD $)	12 Months Ended	0 Months Ended
	Dec. 31, 2014	Dec. 04, 2014	Dec. 06, 2011
Common Class W
Organization and business [Line Items]
Share price (in dollars per share)	17.51
Common Class A
Organization and business [Line Items]
Share price (in dollars per share)	17.45
Common Class I
Organization and business [Line Items]
Share price (in dollars per share)	17.55
Initial public offering
Organization and business [Line Items]
Common stock, value authorized			$4,000,000,000
Primary offering | Initial public offering
Organization and business [Line Items]
Common stock, value authorized			3,500,000,000
Distribution reinvestment plan | Initial public offering
Organization and business [Line Items]
Common stock, value authorized			500,000,000
Consolidated properties
Organization and business [Line Items]
Number of owned properties (in number of properties)	75
Number of states in which entity owns properties (in number of states)	26
Rentable square feet (in square feet)	1,800,000
Percentage of rentable space leased (in square feet)	99.70%
Cole op
Organization and business [Line Items]
General partner partnership interest percentage	100.00%
RCAP Agreement Case
Organization and business [Line Items]
Litigation Settlement, Amount		$60,000,000

Summary_of_Significant_Account3

Summary of Significant Accounting Policies - Narrative (Details) (USD $)	3 Months Ended	9 Months Ended	12 Months Ended			1 Months Ended
	Mar. 31, 2014	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Jan. 31, 2015
Valuation of real estate and related assets [Line Items]
Amortization of deferred financing costs			$727,000	$300,000	$177,000
Due to affiliates		1,816,000	1,816,000	829,000
Common stock and preferred stock, shares authorized		500,000,000	500,000,000
Common stock, shares authorized		490,000,000	490,000,000
Preferred stock, shares authorized		10,000,000	10,000,000	10,000,000
Common stock, par value (usd per share)		$0.01	$0.01
Preferred stock, par value (usd per share)		$0.01	$0.01	$0.01
Stock redemption program, number of shares authorized to be repurchased, quarterly redemption percentage of net asset value limitation		10.00%	10.00%
Redeemable common stock		12,500,000	12,500,000	7,000,000
Dividend, common stock and preferred stock, number of days in the calendar year for the daily distribution			365 days
Daily distributions payable amount per share	$0.00	$0.00
Distributions declared and unpaid		595,000	595,000	317,000	65,000
Common stock issued through distribution reinvestment plan			2,318,000	634,000	8,000
Common Class W
Valuation of real estate and related assets [Line Items]
Common stock, shares authorized		164,000,000	164,000,000	164,000,000
Common stock, par value (usd per share)		$0.01	$0.01	$0.01
Common Class A
Valuation of real estate and related assets [Line Items]
Common stock, shares authorized		163,000,000	163,000,000	163,000,000
Common stock, par value (usd per share)		$0.01	$0.01	$0.01
Common Class I
Valuation of real estate and related assets [Line Items]
Common stock, shares authorized		163,000,000	163,000,000	163,000,000
Common stock, par value (usd per share)		$0.01	$0.01	$0.01
Subsequent event
Valuation of real estate and related assets [Line Items]
Common stock issued through distribution reinvestment plan						256,000
Advisors
Valuation of real estate and related assets [Line Items]
Due to affiliates		1,800,000	1,800,000
Due to Related Parties				$829,000
Advisors | Organization and offering expense reimbursement | Maximum
Valuation of real estate and related assets [Line Items]
Organization and offering expense		0.75%	0.75%
Buildings
Valuation of real estate and related assets [Line Items]
Acquired real estate asset, useful life			40 years

Summary_of_Significant_Account4

Summary of Significant Accounting Policies - Concentration of credit risk (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2014
Concentration Risk [Line Items]
Cash on deposit, number of financial institutions	4
Cash on deposit, number of financial institutions which had deposits in excess of current federally insured limits	1
Michigan
Concentration Risk [Line Items]
Number of owned properties (in number of properties)	8
Gross annualized rental revenues by industry
Concentration Risk [Line Items]
Concentration risk, percentage	10.00%
Credit concentration risk | Demand deposits
Concentration Risk [Line Items]
Concentration risk, credit risk, financial instrument, maximum exposure	4.1
Credit concentration risk | Gross annualized rental revenues by industry | Michigan
Concentration Risk [Line Items]
Concentration risk, percentage	17.00%
Customer concentration risk | Gross annualized rental revenues by industry | Home and garden industry
Concentration Risk [Line Items]
Concentration risk, percentage	15.00%
Customer concentration risk | Gross annualized rental revenues by industry | Grocery industry
Concentration Risk [Line Items]
Concentration risk, percentage	13.00%
Customer concentration risk | Gross annualized rental revenues by industry | Drugstore industry
Concentration Risk [Line Items]
Concentration risk, percentage	10.00%

Fair_Value_Measurements_Detail

Fair Value Measurements - (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Carrying amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Line of credit, fair value	$120.30	$43.90
Fair value, inputs, level 2 | Fair value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Line of credit, fair value	$120.30	$43.90

Real_Estate_Assets_Details

Real Estate Assets - (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Business Combination, Pro Forma Information [Abstract]
Acquisition related expenses	$1,495,000	$852,000	$21,000
2013 acquisitions
Business Acquisition [Line Items]
Business acquisition, percentage of voting interests acquired	100.00%
Number of real estate acquisitions (in number of properties)	43
Aggregate purchase price	126,400,000
Business Acquisition, Purchase Price Allocation [Abstract]
Land	22,312,000
Building and improvements	88,082,000
Total purchase price	126,405,000
Business Combination, Pro Forma Information [Abstract]
Revenue of acquiree since acquisition date	4,400,000
Net income (loss) of acquiree since acquisition date	737,000
Acquisition related expenses	1,500,000
Revenue	18,951,000	15,171,000
Net income	2,620,000	1,630,000
2012 acquisitions
Business Acquisition [Line Items]
Business acquisition, percentage of voting interests acquired		100.00%
Number of real estate acquisitions (in number of properties)		22
Aggregate purchase price		70,500,000
Business Acquisition, Purchase Price Allocation [Abstract]
Land		11,378,000
Building and improvements		51,500,000
Total purchase price		70,534,000
Business Combination, Pro Forma Information [Abstract]
Revenue of acquiree since acquisition date		2,200,000
Net income (loss) of acquiree since acquisition date		337,000
Acquisition related expenses		852,000
Revenue		8,771,000	8,538,000
Net income		879,000	859,000
Acquired in-place leases | 2013 acquisitions
Business Acquisition, Purchase Price Allocation [Abstract]
Acquired in-place leases and above-market leases	13,260,000
Acquired in-place leases | 2012 acquisitions
Business Acquisition, Purchase Price Allocation [Abstract]
Acquired in-place leases and above-market leases		7,963,000
Acquired above-market leases
Business Acquisition, Purchase Price Allocation [Abstract]
Acquired in-place leases and above-market leases		213,000
Acquired above-market leases | 2013 acquisitions
Business Acquisition, Purchase Price Allocation [Abstract]
Acquired in-place leases and above-market leases	3,614,000
Acquired below-market leases
Business Acquisition, Purchase Price Allocation [Abstract]
Acquired below market leases		-520,000
Acquired below-market leases | 2013 acquisitions
Business Acquisition, Purchase Price Allocation [Abstract]
Acquired below market leases	($863,000)

Intangible_Lease_Assets_Detail

Intangible Lease Assets (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	$2,521	$795
Finite-Lived Intangible Assets, Net [Abstract]
Finite-lived intangible assets, net	26,853	11,530
In-place leases
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	2,317	765
Finite-Lived Intangible Asset, Useful Life	12 years 1 month 6 days	13 years 3 months 18 days
Finite-Lived Intangible Assets, Net [Abstract]
Finite-lived intangible assets, net	23,130	11,247
Amortization of intangible assets	1,600	528	228
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2015	2,141
2016	2,114
2017	2,085
2018	2,027
2019	2,017
Above-market leases
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	204	30
Finite-Lived Intangible Asset, Useful Life	11 years 8 months 12 days	11 years 4 months 24 days
Finite-Lived Intangible Assets, Net [Abstract]
Finite-lived intangible assets, net	3,723	283
Amortization of intangible assets	174	21	9
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2015	356
2016	356
2017	350
2018	325
2019	$318

Marketable_Securities_Details

Marketable Securities (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
	Security
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost Basis	$487,000	$463,000
Unrealized Gain (Loss)	3,000	-3,000
Total Estimated Fair Value	490,000	460,000
Amortized Cost Basis Rollforward
Marketable securities beginning balance	463,000
Face value of marketable securities acquired	295,000
Premiums and discounts on purchase of marketable securities, net of acquisition costs	-5,000
Amortization on marketable securities	-2,000
Sales of securities	-264,000
Marketable securities ending balance	487,000	463,000
Unrealized Gain Rollforward
Marketable securities beginning balance	-3,000
Increase in fair value of marketable securities	6,000
Marketable securities ending balance	3,000	-3,000
Fair Value Rollforward
Marketable securities beginning balance	460,000
Face value of marketable securities acquired	295,000
Premiums and discounts on purchase of marketable securities, net of acquisition costs	-5,000
Amortization on marketable securities	-2,000
Sales of securities	-264,000
Increase in fair value of marketable securities	6,000
Marketable securities ending balance	490,000	460,000
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Available-for-sale securities, continuous unrealized loss position, less than 12 months, fair value	105,000
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, fair value	151,000
Available-for-sale securities, continuous unrealized loss position, fair value	256,000
Number of securities sold	37
Investment in marketable securities	490,000	460,000
Proceeds from sale of marketable securities	265,000	119,000	16,000
Loss on sale of marketable securities	1,000
Unrealized gain on investments	6,000
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due within one year	81,000
Due after one year through five years	215,000
Due after five years through ten years	181,000
Due after ten years	10,000
Total Amortized Cost Basis	487,000	463,000
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due within one year	81,000
Due after one year through five years	215,000
Due after five years through ten years	184,000
Due after ten years	10,000
Total Estimated Fair Value	490,000	460,000
Unrealized (loss)
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Available-for-sale securities, continuous unrealized loss position, less than 12 months, unrealized losses	0
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, unrealized losses	-2,000
Available-for-sale securities, continuous unrealized loss position, unrealized losses	-2,000
U.S. Treasury Bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost Basis	179,000
Unrealized Gain (Loss)	3,000
Total Estimated Fair Value	182,000
Amortized Cost Basis Rollforward
Marketable securities ending balance	179,000
Unrealized Gain Rollforward
Marketable securities ending balance	3,000
Fair Value Rollforward
Marketable securities ending balance	182,000
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Available-for-sale securities, continuous unrealized loss position, less than 12 months, fair value	55,000
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, fair value	40,000
Available-for-sale securities, continuous unrealized loss position, fair value	95,000
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Total Amortized Cost Basis	179,000
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Total Estimated Fair Value	182,000
U.S. Treasury Bonds | Unrealized (loss)
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Available-for-sale securities, continuous unrealized loss position, less than 12 months, unrealized losses	0
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, unrealized losses	0
Available-for-sale securities, continuous unrealized loss position, unrealized losses	0
U.S. Agency Bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost Basis	85,000
Unrealized Gain (Loss)	0
Total Estimated Fair Value	85,000
Amortized Cost Basis Rollforward
Marketable securities ending balance	85,000
Unrealized Gain Rollforward
Marketable securities ending balance	0
Fair Value Rollforward
Marketable securities ending balance	85,000
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Available-for-sale securities, continuous unrealized loss position, less than 12 months, fair value	10,000
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, fair value	60,000
Available-for-sale securities, continuous unrealized loss position, fair value	70,000
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Total Amortized Cost Basis	85,000
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Total Estimated Fair Value	85,000
U.S. Agency Bonds | Unrealized (loss)
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Available-for-sale securities, continuous unrealized loss position, less than 12 months, unrealized losses	0
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, unrealized losses	-1,000
Available-for-sale securities, continuous unrealized loss position, unrealized losses	-1,000
Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost Basis	223,000
Unrealized Gain (Loss)	0
Total Estimated Fair Value	223,000
Amortized Cost Basis Rollforward
Marketable securities ending balance	223,000
Unrealized Gain Rollforward
Marketable securities ending balance	0
Fair Value Rollforward
Marketable securities ending balance	223,000
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Available-for-sale securities, continuous unrealized loss position, less than 12 months, fair value	40,000
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, fair value	51,000
Available-for-sale securities, continuous unrealized loss position, fair value	91,000
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Total Amortized Cost Basis	223,000
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Total Estimated Fair Value	223,000
Corporate Bonds | Unrealized (loss)
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Available-for-sale securities, continuous unrealized loss position, less than 12 months, unrealized losses	0
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, unrealized losses	-1,000
Available-for-sale securities, continuous unrealized loss position, unrealized losses	($1,000)

Line_of_Credit_and_Note_Payabl2

Line of Credit and Note Payable (Details) (USD $)	12 Months Ended	0 Months Ended
	Dec. 31, 2014	Sep. 09, 2014	Dec. 31, 2013	Dec. 16, 2014
Debt Instrument [Line Items]
Long-term Line of Credit, Noncurrent	$120,304,000		$43,900,000
Weighted average years to maturity	3 years 4 months 17 days
Weighted average interest rate	2.38%
Debt, long-term and short-term, combined amount	120,304,000		43,900,000
Proceeds from Issuance of Debt	119,358,000
Repayments of Debt	42,954,000
Debt security, amount, aggregate gross real estate assets net of gross Intangible lease liabilities	158,100,000
Long-term Debt, Fiscal Year Maturity [Abstract]
2015	0
2016	0
2017	100,000,000
2018	0
2019	0
Thereafter	20,304,000
Long-term Debt	120,304,000
Line of credit
Debt Instrument [Line Items]
Long-term Line of Credit, Noncurrent	100,000,000
Line of credit facility, current borrowing capacity	75,000,000
Line of credit facilities, borrowing base Calculation, percentage applied to the value of qualified properties	65.00%
Debt instrument, interest rate, effective percentage	2.09%
PNC Loan | Loans Payable
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage		3.82%
Number of Multi-Tenant Commercial Properties Held as Collateral		8
Number of Single-Tenant Commercial Properties Held as Collateral		1
Long-term Debt, Fiscal Year Maturity [Abstract]
Long-term Debt		20,300,000
JPMorgan Chase, Revolving Credit Facility | Line of credit | Revolving credit facility
Debt Instrument [Line Items]
Debt, long-term and short-term, combined amount	100,000,000		43,900,000
Proceeds from Issuance of Debt	99,054,000
Repayments of Debt	42,954,000
JPMorgan Chase, Revolving Credit Facility | Unsecured Debt | Term Loan
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	25,000,000
Amended Credit Facility | Line of credit
Debt Instrument [Line Items]
Line of credit facilities, borrowing base Calculation, percentage applied to the value of qualified properties	60.00%
Secured Revolving Credit Facility | Line of credit | Revolving credit facility | Federal Funds Effective Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	0.50%
Secured Revolving Credit Facility | Line of credit | Revolving credit facility | Statutory Reserve Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.00%
Fixed Rate Debt | Loans Payable
Debt Instrument [Line Items]
Debt, long-term and short-term, combined amount	20,304,000		0
Proceeds from Issuance of Debt	20,304,000
Repayments of Debt	0
Commercial Real Estate | PNC Loan | Loans Payable
Debt Instrument [Line Items]
Total purchase price		33,800,000
Leverage Ratio Less than or Equal to Fifty Percent | Secured Revolving Credit Facility, Eurodollar Rate | Line of credit | Revolving credit facility
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage	1.90%
Leverage Ratio	50.00%
Leverage Ratio Less than or Equal to Fifty Percent | Secured Revolving Credit Facility, Base Rate | Line of credit | Revolving credit facility
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage	0.90%
Leverage Ratio	50.00%
Leverage Ratio Greater than Sixty-Five Percent | Secured Revolving Credit Facility, Eurodollar Rate | Line of credit | Revolving credit facility
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage	2.45%
Leverage Ratio	60.00%
Leverage Ratio Greater than Sixty-Five Percent | Secured Revolving Credit Facility, Base Rate | Line of credit | Revolving credit facility
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage	1.45%
Leverage Ratio	60.00%
Affiliate of Company Advisor | Series C, LLC | Unsecured Debt | Revolving credit facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity				20,000,000
Debt instrument, interest rate, stated percentage	2.61%
Line of credit, remaining borrowing capacity	$20,000,000
Affiliate of Company Advisor | Series C, LLC | Unsecured Debt | Revolving credit facility | LIBOR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2.45%

Acquired_Below_Market_Lease_In2

Acquired Below Market Lease Intangibles (Details) (Acquired below-market leases, USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Acquired below-market leases
Finite-Lived Intangible Liabilities, Net [Abstract]
Finite-lived intangible liabilities, net	$2,058	$1,348
Finite-lived intangible liabilities, accumulated amortization	279	126
Finite-lived intangible liabilities, useful life	12 years 7 months 6 days	15 years 3 months 18 days
Amortization of intangible liabilities	153	75	49
Finite-Lived Intangible Liabilities, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2015	200
2016	196
2017	195
2018	181
2019	$181

RelatedParty_Transactions_and_2

Related-Party Transactions and Arrangements (Details) (USD $)	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013	Dec. 31, 2012
Related Party Transaction [Line Items]
Due to affiliates	$1,816,000		$829,000
Common Class W
Related Party Transaction [Line Items]
Share price, base net asset value	$15
Common Class A
Related Party Transaction [Line Items]
Share price, base net asset value	$16.72
Common Class I
Related Party Transaction [Line Items]
Share price, base net asset value	$16.82
Advisors
Related Party Transaction [Line Items]
Daily asset based related party fee percent	0.90%
Excess General and Administrative Expense, Annualized Rate Limitation	1.25%
Due to affiliates	1,800,000
Due to Related Parties			829,000
Advisors | Minimum
Related Party Transaction [Line Items]
Operating expense reimbursement percent of average invested assets	2.00%
Performance fee to advisor as percent of excess total return	25.00%
Selling commissions | Dealer manager | Common Class W
Related Party Transaction [Line Items]
Daily asset based related party fee percent	0.00%	[1]
Selling commissions | Dealer manager | Common Class A
Related Party Transaction [Line Items]
Daily asset based related party fee percent	3.75%	[1]
Common stock, share purchase volume discount	150,001
Selling commissions | Dealer manager | Common Class I
Related Party Transaction [Line Items]
Daily asset based related party fee percent	0.00%	[1]
Selling commissions | Dealer manager | Maximum | Common Class A
Related Party Transaction [Line Items]
Daily asset based related party fee percent	3.90%
Selling commissions | Advisors
Related Party Transaction [Line Items]
Related party transaction, expenses from transactions with related party	563,000		16,000	0
Selling commissions reallowed by cole capital | Advisors
Related Party Transaction [Line Items]
Related party transaction, expenses from transactions with related party	563,000		16,000	0
Selling commissions reallowed by cole capital | Advisors | Common Class A
Related Party Transaction [Line Items]
Daily asset based related party fee reallowed to third party percent	100.00%
Distribution fee | Dealer manager | Common Class W
Related Party Transaction [Line Items]
Daily asset based related party fee percent	0.00%	[2]
Distribution fee | Dealer manager | Common Class A
Related Party Transaction [Line Items]
Daily asset based related party fee percent	0.50%	[2]
Distribution fee | Dealer manager | Common Class I
Related Party Transaction [Line Items]
Daily asset based related party fee percent	0.00%	[2]
Distribution fee | Advisors
Related Party Transaction [Line Items]
Related party transaction, expenses from transactions with related party	36,000		0	0
Distribution fee reallowed by cole capital | Advisors
Related Party Transaction [Line Items]
Related party transaction, expenses from transactions with related party	34,000		0	0
Dealer manager fees | Dealer manager | Common Class W
Related Party Transaction [Line Items]
Daily asset based related party fee percent	0.55%	[2]
Dealer manager fees | Dealer manager | Common Class A
Related Party Transaction [Line Items]
Daily asset based related party fee percent	0.55%	[2]
Dealer manager fees | Dealer manager | Common Class I
Related Party Transaction [Line Items]
Daily asset based related party fee percent	0.25%	[2]
Dealer manager fees | Advisors
Related Party Transaction [Line Items]
Related party transaction, expenses from transactions with related party	556,000		229,000	34,000
Dealer manager fees reallowed by CCC | Advisors
Related Party Transaction [Line Items]
Related party transaction, expenses from transactions with related party	49,000		7,000	0
Organization and offering expense reimbursement | Advisors
Related Party Transaction [Line Items]
Related party transaction, expenses from transactions with related party	520,000		406,000	28,000
Organization and offering expense reimbursement | Advisors | Maximum
Related Party Transaction [Line Items]
Organization and offering expense	0.75%
Commissions, fees and expense reimbursements | Advisors
Related Party Transaction [Line Items]
Payments to Related Parties	1,400,000
Due to affiliates	273,000
Acquisition expense reimbursement | Advisors
Related Party Transaction [Line Items]
Related party transaction, expenses from transactions with related party	490,000		0	0
Acquisition expense reimbursement | Advisors | Maximum
Related Party Transaction [Line Items]
Acquisition and advisory fee	6.00%
Excess general and administrative expenses to be reimbursed | Advisors
Related Party Transaction [Line Items]
Related party transaction, expenses from transactions with related party	464,000
Due from Related Parties	93,000
Advisory fee | Advisors
Related Party Transaction [Line Items]
Related party transaction, expenses from transactions with related party	926,000		375,000	56,000
Operating expense reimbursement | Advisors
Related Party Transaction [Line Items]
Related party transaction, expenses from transactions with related party	0		0	0
Performance fee | Advisors
Related Party Transaction [Line Items]
Related party transaction, expenses from transactions with related party	1,076,000		431,000	143,000
Performance fee | Advisors | Maximum
Related Party Transaction [Line Items]
Total return threshold to receive performance fee	10.00%
Fees and expense reimbursements | Advisors
Related Party Transaction [Line Items]
Due to affiliates	1,600,000
Waived Fees and Expense Reimbursements | Advisors
Related Party Transaction [Line Items]
Related party transaction, expenses from transactions with related party	$900,000		$1,100,000	$400,000
[1]	The selling commission is based on the offering price for A Shares. The selling commission expressed as a percentage of NAV per A Share, rather than the offering price, is up to 3.90%, subject to rounding and the effect of volume discounts the Company is offering on certain purchases of $150,001 or more of A Shares. Selling commissions are deducted directly from the offering price for A Shares and paid to CCC. CCC reallows 100% of the selling commissions on A Shares to participating broker-dealers.
[2]	The dealer manager and distribution fees accrue daily in an amount equal to 1/365th of the percentage of NAV per W Share, A Share or I Share, as applicable, for such day on a continuous basis. CCC, in its sole discretion, may reallow a portion of the dealer manager fee and distribution fee to participating broker-dealers.

Stockholders_Equity_Details

Stockholders' Equity (Details) (USD $)	0 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Equity, Class of Treasury Stock [Line Items]
Common stock and preferred stock, shares authorized	500,000,000	500,000,000
Common stock, shares authorized	490,000,000	490,000,000
Preferred stock, shares authorized	10,000,000	10,000,000	10,000,000
Common stock, par value (usd per share)	$0.01	$0.01
Issuance of common stock	$137,200,000	$69,949,000	$54,085,000	$3,729,000
Common stock, shares outstanding	8,200,000	8,200,000
Common stock issued through distribution reinvestment plan		2,318,000	634,000	8,000
Stock redemption program, short-term trading fee, percentage of aggregate net asset value per share of common stock		2.00%
Stock redemption program, number of shares authorized to be repurchased, percentage of weighted average number of shares outstanding		5.00%
Stock redemption program, number of shares authorized to be repurchased, carryover percentage		15.00%
Stock redemption program, number of shares authorized to be repurchased, carryover percentage quarterly net asset value limitation		10.00%
Offer amount limit before the owner is permitted to redeem any of its common stock shares		100,000,000
Redeemable common stock	12,545,000	12,545,000	6,982,000
Redemptions of common stock		17,969,000	627,000
Common Stock
Equity, Class of Treasury Stock [Line Items]
Issuance of common stock, shares		4,100,000
Shares issued pursuant to a distribution reinvestment plan (in shares)		136,000	38,000	0
Common Class W
Equity, Class of Treasury Stock [Line Items]
Common stock, shares authorized	164,000,000	164,000,000	164,000,000
Common stock, par value (usd per share)	$0.01	$0.01	$0.01
Common stock, shares outstanding	6,012,043	6,012,043	3,993,916
Redemptions of common stock, shares		-1,090,792
Redemptions of common stock		18,000,000
Common Class W | Common Stock
Equity, Class of Treasury Stock [Line Items]
Issuance of common stock, shares		3,070,377	3,247,362	234,037
Issuance of common stock		31,000	32,000	2,000
Common stock, shares outstanding	6,012,043	6,012,043	3,993,916	914,037	680,000
Redemptions of common stock, shares		-1,052,250	-38,542
Redemptions of common stock		11,000	627,000
Common Class W | Common Stock | CHC
Equity, Class of Treasury Stock [Line Items]
Redemptions of common stock, shares		-627,979
Stock Redeemed or Called During Period, Shares		174,928
Common Class W | Common Stock | Trust of company director
Equity, Class of Treasury Stock [Line Items]
Stock Redeemed or Called During Period, Shares		38,688
Common Class W | Common Stock | ARCP OP
Equity, Class of Treasury Stock [Line Items]
Common stock, shares outstanding	13,333	13,333
Common Class A
Equity, Class of Treasury Stock [Line Items]
Common stock, shares authorized	163,000,000	163,000,000	163,000,000
Common stock, par value (usd per share)	$0.01	$0.01	$0.01
Common stock, shares outstanding	897,376	897,376	23,767
Redemptions of common stock, shares		-572
Redemptions of common stock		10,000
Common Class A | Common Stock
Equity, Class of Treasury Stock [Line Items]
Issuance of common stock, shares		874,181	23,767
Issuance of common stock		9,000	0
Common stock, shares outstanding	897,376	897,376	23,767	0	0
Redemptions of common stock, shares		-572
Redemptions of common stock		0
Common Class I
Equity, Class of Treasury Stock [Line Items]
Common stock, shares authorized	163,000,000	163,000,000	163,000,000
Common stock, par value (usd per share)	$0.01	$0.01	$0.01
Common stock, shares outstanding	256,525	256,525	129,176
Common Class I | Common Stock
Equity, Class of Treasury Stock [Line Items]
Issuance of common stock, shares		127,349	235
Issuance of common stock		$2,000	$0
Common stock, shares outstanding	256,525	256,525	129,176	0	0

Income_Taxes_Details

Income Taxes (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Tax Disclosure [Abstract]
Ordinary dividends	52.90%	33.20%	2.50%
Nontaxable distributions	47.10%	66.80%	97.50%
Dividends, Percentage	100.00%	100.00%	100.00%
Property, plant and equipment, land and real estate assets, net tax basis	$226,300,000
State and local income tax and franchise tax expense	$75,000	$35,000	$22,000

Operating_Leases_Details

Operating Leases - (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014
Leases [Abstract]
Weighted average remaining term of leases	11 years 10 months 24 days
2015	$17,811
2016	17,763
2017	17,623
2018	17,295
2019	17,249
Thereafter	125,814
Total	$213,555

Quarterly_Results_Unaudited_De

Quarterly Results (Unaudited) (Details) (USD $)	3 Months Ended								12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract]
Revenues	$4,822	$3,442	$2,689	$2,352	$1,954	$1,361	$994	$780	$13,305	$5,089	$2,688
Operating income	783	622	659	738	330	-153	75	158	2,802	410	735
Net loss	($64)	($81)	$115	$281	($26)	($389)	($97)	($22)	$251	($534)	($80)
Basic and diluted net income (loss) per common share (in dollars per share)	($0.01)	($0.01)	$0.02	$0.06	($0.01)	($0.13)	($0.05)	($0.02)	$0.04	($0.21)	($0.11)
Distributions declared per common share (in dollars per share)	$0.25	$0.25	$0.25	$0.23	$0.25	$0.22	$0.22	$0.22

Subsequent_Events_Details

Subsequent Events - (Details) (USD $)	0 Months Ended	12 Months Ended			3 Months Ended
	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Mar. 25, 2015	Mar. 27, 2015	Mar. 30, 2015
						property	property
Subsequent Event [Line Items]
Issuance of common stock	$137,200,000	$69,949,000	$54,085,000	$3,729,000
Repayments of lines of credit		42,954,000	25,615,000	2,475,000
Line of credit
Subsequent Event [Line Items]
Line of credit facility, current borrowing capacity	75,000,000	75,000,000
Subsequent event
Subsequent Event [Line Items]
Issuance of common stock					141,400,000
Issuance of common stock, shares					8,475,631
Purchase and sale agreement, number of properties							4
Sale letter of interest, number of properties							1
Purchase and sale agreements and property sale letter of interest, number of properties						5
Subsequent event | Line of credit
Subsequent Event [Line Items]
Line of credit facility, increase, additional borrowings					10,000,000
Repayments of lines of credit					23,500,000
Line of credit, amount outstanding					76,500,000
Long-term debt, weighted average interest rate					2.09%
Line of credit, remaining borrowing capacity					23,500,000
Subsequent event | Notes payable
Subsequent Event [Line Items]
Face amount of debt						17,000,000
Debt instrument, interest rate, stated percentage						4.05%

SCHEDULE_III_Real_Estate_Asset1

SCHEDULE III b Real Estate Assets and Accumulated Depreciation (Details) (USD $)	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2010
	Property
Real Estate and Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances	$20,304,000
Initial Costs to Company
Land	46,455,000
Buildings And Improvements	156,476,000
Total Adjustment to Basis	180,000
Gross Amount at Which Carried At December 31, 2013	203,111,000	[1],[2]	92,717,000	29,839,000
Accumulated Depreciation	4,459,000	[3],[4]	1,451,000	440,000	17,000
Number of single-tenant freestanding retail properties, owned	69
Number of multi-tenant retail properties, owned	6
Property Plant And Equipment Land And Real Estate Assets, Aggregate Cost Tax Basis	226,300,000
Debt, long-term and short-term, combined amount	120,304,000		43,900,000
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance, beginning of period	92,717,000		29,839,000	28,069,000
Additions
Acquisitions	110,394,000		62,878,000	1,590,000
Improvements	0		0	180,000
Total additions	110,394,000		62,878,000	1,770,000
Deductions
Cost of real estate sold	0		0	0
Total deductions	0		0	0
Balance, end of period	203,111,000	[1],[2]	92,717,000	29,839,000
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance, beginning of period	1,451,000		440,000		17,000
Additions
Acquisitions - Depreciation Expense for Building & Tenant Improvements Acquired	2,987,000		990,000	420,000
Improvements - Depreciation Expense for Tenant Improvements & Building Equipment	21,000		21,000	3,000
Total additions	3,008,000		1,011,000	423,000
Deductions
Cost of real estate sold	0		0	0
Total deductions	0		0	0
Balance, end of period	4,459,000	[3],[4]	1,451,000	440,000	17,000
Long-term Line of Credit, Noncurrent	120,304,000		43,900,000
Line of credit
Deductions
Long-term Line of Credit, Noncurrent	100,000,000
Buildings
Initial Costs to Company
Acquired real estate asset, useful life	40 years
Advance Auto | Macomb Township, MI
Initial Costs to Company
Land	718,000
Buildings And Improvements	1,146,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	1,864,000	[1],[2]
Accumulated Depreciation	94,000	[3],[4]
Deductions
Balance, end of period	1,864,000	[1],[2]
Deductions
Balance, end of period	94,000	[3],[4]
Advance Auto | Sedalia, MO
Initial Costs to Company
Land	374,000
Buildings And Improvements	1,187,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	1,561,000	[1],[2]
Accumulated Depreciation	42,000	[3],[4]
Deductions
Balance, end of period	1,561,000	[1],[2]
Deductions
Balance, end of period	42,000	[3],[4]
Algonac Plaza | Algonac, MI
Initial Costs to Company
Land	1,097,000
Buildings And Improvements	7,718,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	8,815,000	[1],[2]
Accumulated Depreciation	320,000	[3],[4]
Deductions
Balance, end of period	8,815,000	[1],[2]
Deductions
Balance, end of period	320,000	[3],[4]
Amcor Rigid Plastics | Ames, IA
Initial Costs to Company
Land	775,000
Buildings And Improvements	12,179,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	12,954,000	[1],[2]
Accumulated Depreciation	89,000	[3],[4]
Deductions
Balance, end of period	12,954,000	[1],[2]
Deductions
Balance, end of period	89,000	[3],[4]
Aspen Dental | Someset, KY
Initial Costs to Company
Land	285,000
Buildings And Improvements	1,037,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	1,322,000	[1],[2]
Accumulated Depreciation	10,000	[3],[4]
Deductions
Balance, end of period	1,322,000	[1],[2]
Deductions
Balance, end of period	10,000	[3],[4]
AT&T | Oklahoma City, OK
Initial Costs to Company
Land	622,000
Buildings And Improvements	1,493,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	2,115,000	[1],[2]
Accumulated Depreciation	31,000	[3],[4]
Deductions
Balance, end of period	2,115,000	[1],[2]
Deductions
Balance, end of period	31,000	[3],[4]
AutoZone | Vandalia, OH
Initial Costs to Company
Land	778,000
Buildings And Improvements	0
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	778,000	[1],[2]
Accumulated Depreciation	0	[3],[4]
Deductions
Balance, end of period	778,000	[1],[2]
Deductions
Balance, end of period	0	[3],[4]
Burger King | Midwest City, OK
Initial Costs to Company
Land	576,000
Buildings And Improvements	413,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	989,000	[1],[2]
Accumulated Depreciation	3,000	[3],[4]
Deductions
Balance, end of period	989,000	[1],[2]
Deductions
Balance, end of period	3,000	[3],[4]
Carrier Rental Systems | Houston, TX
Initial Costs to Company
Land	749,000
Buildings And Improvements	3,832,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	4,581,000	[1],[2]
Accumulated Depreciation	29,000	[3],[4]
Deductions
Balance, end of period	4,581,000	[1],[2]
Deductions
Balance, end of period	29,000	[3],[4]
CVS | Austin, TX
Initial Costs to Company
Land	1,417,000
Buildings And Improvements	1,579,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	2,996,000	[1],[2]
Accumulated Depreciation	125,000	[3],[4]
Deductions
Balance, end of period	2,996,000	[1],[2]
Deductions
Balance, end of period	125,000	[3],[4]
CVS | Erie, PA
Initial Costs to Company
Land	1,007,000
Buildings And Improvements	1,157,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	2,164,000	[1],[2]
Accumulated Depreciation	90,000	[3],[4]
Deductions
Balance, end of period	2,164,000	[1],[2]
Deductions
Balance, end of period	90,000	[3],[4]
CVS | Mansfield, OH
Initial Costs to Company
Land	270,000
Buildings And Improvements	1,691,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	1,961,000	[1],[2]
Accumulated Depreciation	132,000	[3],[4]
Deductions
Balance, end of period	1,961,000	[1],[2]
Deductions
Balance, end of period	132,000	[3],[4]
CVS | Wisconsin Rapids, WA
Real Estate and Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances	1,790,000
Initial Costs to Company
Land	517,000
Buildings And Improvements	2,149,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	2,666,000	[1],[2]
Accumulated Depreciation	58,000	[3],[4]
Deductions
Balance, end of period	2,666,000	[1],[2]
Deductions
Balance, end of period	58,000	[3],[4]
DaVita Dialysis | Austell, GA
Initial Costs to Company
Land	581,000
Buildings And Improvements	2,359,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	2,940,000	[1],[2]
Accumulated Depreciation	38,000	[3],[4]
Deductions
Balance, end of period	2,940,000	[1],[2]
Deductions
Balance, end of period	38,000	[3],[4]
Dollar General | Berwick, LA
Initial Costs to Company
Land	141,000
Buildings And Improvements	1,448,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	1,589,000	[1],[2]
Accumulated Depreciation	84,000	[3],[4]
Deductions
Balance, end of period	1,589,000	[1],[2]
Deductions
Balance, end of period	84,000	[3],[4]
Dollar General | Gladwin, MI
Real Estate and Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances	780,000
Initial Costs to Company
Land	121,000
Buildings And Improvements	1,119,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	1,240,000	[1],[2]
Accumulated Depreciation	29,000	[3],[4]
Deductions
Balance, end of period	1,240,000	[1],[2]
Deductions
Balance, end of period	29,000	[3],[4]
Dollar General | Independence, MO
Real Estate and Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances	837,000
Initial Costs to Company
Land	276,000
Buildings And Improvements	1,017,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	1,293,000	[1],[2]
Accumulated Depreciation	49,000	[3],[4]
Deductions
Balance, end of period	1,293,000	[1],[2]
Deductions
Balance, end of period	49,000	[3],[4]
Dollar General | Lexington, MI
Real Estate and Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances	707,000
Initial Costs to Company
Land	89,000
Buildings And Improvements	1,033,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	1,122,000	[1],[2]
Accumulated Depreciation	27,000	[3],[4]
Deductions
Balance, end of period	1,122,000	[1],[2]
Deductions
Balance, end of period	27,000	[3],[4]
Dollar General | Ocala, FL
Initial Costs to Company
Land	205,000
Buildings And Improvements	1,308,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	1,513,000	[1],[2]
Accumulated Depreciation	21,000	[3],[4]
Deductions
Balance, end of period	1,513,000	[1],[2]
Deductions
Balance, end of period	21,000	[3],[4]
Dollar General | Redfield, SD
Initial Costs to Company
Land	43,000
Buildings And Improvements	839,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	882,000	[1],[2]
Accumulated Depreciation	7,000	[3],[4]
Deductions
Balance, end of period	882,000	[1],[2]
Deductions
Balance, end of period	7,000	[3],[4]
Dollar General | Sardis City, AL
Initial Costs to Company
Land	334,000
Buildings And Improvements	1,058,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	1,392,000	[1],[2]
Accumulated Depreciation	49,000	[3],[4]
Deductions
Balance, end of period	1,392,000	[1],[2]
Deductions
Balance, end of period	49,000	[3],[4]
Dollar General | Sioux Falls, SD
Initial Costs to Company
Land	293,000
Buildings And Improvements	989,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	1,282,000	[1],[2]
Accumulated Depreciation	15,000	[3],[4]
Deductions
Balance, end of period	1,282,000	[1],[2]
Deductions
Balance, end of period	15,000	[3],[4]
Dollar General | Stacy, MN
Initial Costs to Company
Land	84,000
Buildings And Improvements	810,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	894,000	[1],[2]
Accumulated Depreciation	3,000	[3],[4]
Deductions
Balance, end of period	894,000	[1],[2]
Deductions
Balance, end of period	3,000	[3],[4]
Dollar General | St. Joseph, MO
Initial Costs to Company
Land	197,000
Buildings And Improvements	972,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	1,169,000	[1],[2]
Accumulated Depreciation	46,000	[3],[4]
Deductions
Balance, end of period	1,169,000	[1],[2]
Deductions
Balance, end of period	46,000	[3],[4]
Dollar General | Topeka, KS
Initial Costs to Company
Land	176,000
Buildings And Improvements	882,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	1,058,000	[1],[2]
Accumulated Depreciation	5,000	[3],[4]
Deductions
Balance, end of period	1,058,000	[1],[2]
Deductions
Balance, end of period	5,000	[3],[4]
Enid Crossing | Enid, OK
Real Estate and Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances	3,407,000
Initial Costs to Company
Land	685,000
Buildings And Improvements	4,426,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	5,111,000	[1],[2]
Accumulated Depreciation	77,000	[3],[4]
Deductions
Balance, end of period	5,111,000	[1],[2]
Deductions
Balance, end of period	77,000	[3],[4]
Family Dollar | Centreville, AL
Initial Costs to Company
Land	50,000
Buildings And Improvements	1,121,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	1,171,000	[1],[2]
Accumulated Depreciation	21,000	[3],[4]
Deductions
Balance, end of period	1,171,000	[1],[2]
Deductions
Balance, end of period	21,000	[3],[4]
Family Dollar | Danville, VA
Initial Costs to Company
Land	228,000
Buildings And Improvements	775,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	1,003,000	[1],[2]
Accumulated Depreciation	14,000	[3],[4]
Deductions
Balance, end of period	1,003,000	[1],[2]
Deductions
Balance, end of period	14,000	[3],[4]
Family Dollar | Darby, MT
Initial Costs to Company
Land	244,000
Buildings And Improvements	889,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	1,133,000	[1],[2]
Accumulated Depreciation	7,000	[3],[4]
Deductions
Balance, end of period	1,133,000	[1],[2]
Deductions
Balance, end of period	7,000	[3],[4]
Family Dollar | Denton, NC
Initial Costs to Company
Land	334,000
Buildings And Improvements	545,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	879,000	[1],[2]
Accumulated Depreciation	9,000	[3],[4]
Deductions
Balance, end of period	879,000	[1],[2]
Deductions
Balance, end of period	9,000	[3],[4]
Family Dollar | Deridder, LA
Initial Costs to Company
Land	183,000
Buildings And Improvements	746,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	929,000	[1],[2]
Accumulated Depreciation	7,000	[3],[4]
Deductions
Balance, end of period	929,000	[1],[2]
Deductions
Balance, end of period	7,000	[3],[4]
Family Dollar | Hampton, AR
Initial Costs to Company
Land	131,000
Buildings And Improvements	741,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	872,000	[1],[2]
Accumulated Depreciation	8,000	[3],[4]
Deductions
Balance, end of period	872,000	[1],[2]
Deductions
Balance, end of period	8,000	[3],[4]
Family Dollar | Londonderry, OH
Initial Costs to Company
Land	65,000
Buildings And Improvements	1,078,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	1,143,000	[1],[2]
Accumulated Depreciation	10,000	[3],[4]
Deductions
Balance, end of period	1,143,000	[1],[2]
Deductions
Balance, end of period	10,000	[3],[4]
Family Dollar | Tatum, NM
Initial Costs to Company
Land	130,000
Buildings And Improvements	806,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	936,000	[1],[2]
Accumulated Depreciation	18,000	[3],[4]
Deductions
Balance, end of period	936,000	[1],[2]
Deductions
Balance, end of period	18,000	[3],[4]
Family Dollar | West Portsmouth, OH
Initial Costs to Company
Land	214,000
Buildings And Improvements	768,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	982,000	[1],[2]
Accumulated Depreciation	6,000	[3],[4]
Deductions
Balance, end of period	982,000	[1],[2]
Deductions
Balance, end of period	6,000	[3],[4]
FedEx | Elko, NV
Initial Costs to Company
Land	186,000
Buildings And Improvements	2,024,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	2,210,000	[1],[2]
Accumulated Depreciation	87,000	[3],[4]
Deductions
Balance, end of period	2,210,000	[1],[2]
Deductions
Balance, end of period	87,000	[3],[4]
FedEx | Norfolk, NE
Initial Costs to Company
Land	618,000
Buildings And Improvements	2,499,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	3,117,000	[1],[2]
Accumulated Depreciation	93,000	[3],[4]
Deductions
Balance, end of period	3,117,000	[1],[2]
Deductions
Balance, end of period	93,000	[3],[4]
FedEx | Spirit Lake, IA
Initial Costs to Company
Land	115,000
Buildings And Improvements	2,501,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	2,616,000	[1],[2]
Accumulated Depreciation	69,000	[3],[4]
Deductions
Balance, end of period	2,616,000	[1],[2]
Deductions
Balance, end of period	69,000	[3],[4]
Fresenius Medical Care | Baton Rouge (Foster), LA
Initial Costs to Company
Land	145,000
Buildings And Improvements	697,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	842,000	[1],[2]
Accumulated Depreciation	53,000	[3],[4]
Deductions
Balance, end of period	842,000	[1],[2]
Deductions
Balance, end of period	53,000	[3],[4]
Fresenius Medical Care | Baton Rouge (Howell), LA
Initial Costs to Company
Land	215,000
Buildings And Improvements	1,424,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	1,639,000	[1],[2]
Accumulated Depreciation	93,000	[3],[4]
Deductions
Balance, end of period	1,639,000	[1],[2]
Deductions
Balance, end of period	93,000	[3],[4]
Great White | Oklahoma City, OK
Initial Costs to Company
Land	323,000
Buildings And Improvements	4,031,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	4,354,000	[1],[2]
Accumulated Depreciation	69,000	[3],[4]
Deductions
Balance, end of period	4,354,000	[1],[2]
Deductions
Balance, end of period	69,000	[3],[4]
Headwaters | Bryan, TX
Initial Costs to Company
Land	273,000
Buildings And Improvements	962,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	1,235,000	[1],[2]
Accumulated Depreciation	11,000	[3],[4]
Deductions
Balance, end of period	1,235,000	[1],[2]
Deductions
Balance, end of period	11,000	[3],[4]
Jo-Ann's | Roseville, MI
Initial Costs to Company
Land	506,000
Buildings And Improvements	2,747,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	3,253,000	[1],[2]
Accumulated Depreciation	111,000	[3],[4]
Deductions
Balance, end of period	3,253,000	[1],[2]
Deductions
Balance, end of period	111,000	[3],[4]
Kum & Go | Cedar Rapids, IA
Real Estate and Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances	1,501,000
Initial Costs to Company
Land	630,000
Buildings And Improvements	1,679,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	2,309,000	[1],[2]
Accumulated Depreciation	74,000	[3],[4]
Deductions
Balance, end of period	2,309,000	[1],[2]
Deductions
Balance, end of period	74,000	[3],[4]
Lowe's | Fremont, OH
Real Estate and Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances	5,312,000
Initial Costs to Company
Land	1,287,000
Buildings And Improvements	7,125,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	8,412,000	[1],[2]
Accumulated Depreciation	214,000	[3],[4]
Deductions
Balance, end of period	8,412,000	[1],[2]
Deductions
Balance, end of period	214,000	[3],[4]
Mattress Firm | Gadsden, AL
Initial Costs to Company
Land	393,000
Buildings And Improvements	1,413,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	1,806,000	[1],[2]
Accumulated Depreciation	58,000	[3],[4]
Deductions
Balance, end of period	1,806,000	[1],[2]
Deductions
Balance, end of period	58,000	[3],[4]
Mattress Firm | Fairview Park, OH
Initial Costs to Company
Land	646,000
Buildings And Improvements	830,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	1,476,000	[1],[2]
Accumulated Depreciation	13,000	[3],[4]
Deductions
Balance, end of period	1,476,000	[1],[2]
Deductions
Balance, end of period	13,000	[3],[4]
Mattress Firm | Phoenix, AZ
Initial Costs to Company
Land	550,000
Buildings And Improvements	956,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	1,506,000	[1],[2]
Accumulated Depreciation	22,000	[3],[4]
Deductions
Balance, end of period	1,506,000	[1],[2]
Deductions
Balance, end of period	22,000	[3],[4]
Mattress Firm & AT&T | Woodburry, MN
Initial Costs to Company
Land	812,000
Buildings And Improvements	2,237,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	3,049,000	[1],[2]
Accumulated Depreciation	60,000	[3],[4]
Deductions
Balance, end of period	3,049,000	[1],[2]
Deductions
Balance, end of period	60,000	[3],[4]
McAlister's Deli | Amarillo, TX
Initial Costs to Company
Land	435,000
Buildings And Improvements	1,050,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	1,485,000	[1],[2]
Accumulated Depreciation	25,000	[3],[4]
Deductions
Balance, end of period	1,485,000	[1],[2]
Deductions
Balance, end of period	25,000	[3],[4]
McAlister's Deli | Shawnee, OK
Initial Costs to Company
Land	601,000
Buildings And Improvements	1,054,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	1,655,000	[1],[2]
Accumulated Depreciation	24,000	[3],[4]
Deductions
Balance, end of period	1,655,000	[1],[2]
Deductions
Balance, end of period	24,000	[3],[4]
National Tire & Battery | Conyers, GA
Initial Costs to Company
Land	522,000
Buildings And Improvements	1,845,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	2,367,000	[1],[2]
Accumulated Depreciation	14,000	[3],[4]
Deductions
Balance, end of period	2,367,000	[1],[2]
Deductions
Balance, end of period	14,000	[3],[4]
Northern Tool | Hoover, AK
Initial Costs to Company
Land	691,000
Buildings And Improvements	2,149,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	2,840,000	[1],[2]
Accumulated Depreciation	22,000	[3],[4]
Deductions
Balance, end of period	2,840,000	[1],[2]
Deductions
Balance, end of period	22,000	[3],[4]
Natural Grocers | Prescott, AZ
Real Estate and Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances	2,367,000
Initial Costs to Company
Land	795,000
Buildings And Improvements	2,802,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	3,597,000	[1],[2]
Accumulated Depreciation	135,000	[3],[4]
Deductions
Balance, end of period	3,597,000	[1],[2]
Deductions
Balance, end of period	135,000	[3],[4]
O'Reilly Auto Parts | Fayetteville, NC
Initial Costs to Company
Land	132,000
Buildings And Improvements	1,246,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	1,378,000	[1],[2]
Accumulated Depreciation	25,000	[3],[4]
Deductions
Balance, end of period	1,378,000	[1],[2]
Deductions
Balance, end of period	25,000	[3],[4]
PetSmart | Little Rock, AR
Initial Costs to Company
Land	1,283,000
Buildings And Improvements	2,820,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	4,103,000	[1],[2]
Accumulated Depreciation	115,000	[3],[4]
Deductions
Balance, end of period	4,103,000	[1],[2]
Deductions
Balance, end of period	115,000	[3],[4]
PetSmart | Mcallen, TX
Initial Costs to Company
Land	1,961,000
Buildings And Improvements	1,994,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	3,955,000	[1],[2]
Accumulated Depreciation	24,000	[3],[4]
Deductions
Balance, end of period	3,955,000	[1],[2]
Deductions
Balance, end of period	24,000	[3],[4]
Raising Canes | Avondale, AZ
Initial Costs to Company
Land	3,292,000
Buildings And Improvements	0
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	3,292,000	[1],[2]
Accumulated Depreciation	0	[3],[4]
Deductions
Balance, end of period	3,292,000	[1],[2]
Deductions
Balance, end of period	0	[3],[4]
Sherwin-Williams | Douglasville, GA
Initial Costs to Company
Land	417,000
Buildings And Improvements	578,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	995,000	[1],[2]
Accumulated Depreciation	21,000	[3],[4]
Deductions
Balance, end of period	995,000	[1],[2]
Deductions
Balance, end of period	21,000	[3],[4]
Sherwin-Williams | Lawrenceville, GA
Initial Costs to Company
Land	320,000
Buildings And Improvements	844,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	1,164,000	[1],[2]
Accumulated Depreciation	32,000	[3],[4]
Deductions
Balance, end of period	1,164,000	[1],[2]
Deductions
Balance, end of period	32,000	[3],[4]
Shopko | Larned, KS
Initial Costs to Company
Land	49,000
Buildings And Improvements	1,727,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	1,776,000	[1],[2]
Accumulated Depreciation	26,000	[3],[4]
Deductions
Balance, end of period	1,776,000	[1],[2]
Deductions
Balance, end of period	26,000	[3],[4]
Shoppes at Battle Bridge | Raleigh, NC
Initial Costs to Company
Land	1,450,000
Buildings And Improvements	8,436,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	9,886,000	[1],[2]
Accumulated Depreciation	71,000	[3],[4]
Deductions
Balance, end of period	9,886,000	[1],[2]
Deductions
Balance, end of period	71,000	[3],[4]
Sunoco | Merritt Island, FL
Initial Costs to Company
Land	577,000
Buildings And Improvements	1,762,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	2,339,000	[1],[2]
Accumulated Depreciation	75,000	[3],[4]
Deductions
Balance, end of period	2,339,000	[1],[2]
Deductions
Balance, end of period	75,000	[3],[4]
Tailwinds | Denton, TX
Initial Costs to Company
Land	884,000
Buildings And Improvements	7,747,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	8,631,000	[1],[2]
Accumulated Depreciation	57,000	[3],[4]
Deductions
Balance, end of period	8,631,000	[1],[2]
Deductions
Balance, end of period	57,000	[3],[4]
Tellico Greens | Loudon, TN
Initial Costs to Company
Land	823,000
Buildings And Improvements	3,959,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	4,782,000	[1],[2]
Accumulated Depreciation	115,000	[3],[4]
Deductions
Balance, end of period	4,782,000	[1],[2]
Deductions
Balance, end of period	115,000	[3],[4]
The Parke | San Antonio, TX
Initial Costs to Company
Land	6,912,000
Buildings And Improvements	148,000
Total Adjustment to Basis	171,000
Gross Amount at Which Carried At December 31, 2013	7,231,000	[1],[2]
Accumulated Depreciation	68,000	[3],[4]
Deductions
Balance, end of period	7,231,000	[1],[2]
Deductions
Balance, end of period	68,000	[3],[4]
Time Warner | Streetsboro, OH
Initial Costs to Company
Land	811,000
Buildings And Improvements	3,850,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	4,661,000	[1],[2]
Accumulated Depreciation	30,000	[3],[4]
Deductions
Balance, end of period	4,661,000	[1],[2]
Deductions
Balance, end of period	30,000	[3],[4]
Tire Centers | Decatur, AL
Initial Costs to Company
Land	208,000
Buildings And Improvements	1,329,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	1,537,000	[1],[2]
Accumulated Depreciation	8,000	[3],[4]
Deductions
Balance, end of period	1,537,000	[1],[2]
Deductions
Balance, end of period	8,000	[3],[4]
TJ Maxx | Danville, IL
Initial Costs to Company
Land	271,000
Buildings And Improvements	2,528,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	2,799,000	[1],[2]
Accumulated Depreciation	103,000	[3],[4]
Deductions
Balance, end of period	2,799,000	[1],[2]
Deductions
Balance, end of period	103,000	[3],[4]
Tractor Supply | Brunswick, GA
Initial Costs to Company
Land	438,000
Buildings And Improvements	2,267,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	2,705,000	[1],[2]
Accumulated Depreciation	199,000	[3],[4]
Deductions
Balance, end of period	2,705,000	[1],[2]
Deductions
Balance, end of period	199,000	[3],[4]
Tractor Supply | Lockhart, TX
Initial Costs to Company
Land	464,000
Buildings And Improvements	2,047,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	2,511,000	[1],[2]
Accumulated Depreciation	173,000	[3],[4]
Deductions
Balance, end of period	2,511,000	[1],[2]
Deductions
Balance, end of period	173,000	[3],[4]
Walgreens | Albuquerque, NM
Initial Costs to Company
Land	789,000
Buildings And Improvements	1,610,000
Total Adjustment to Basis	9,000
Gross Amount at Which Carried At December 31, 2013	2,408,000	[1],[2]
Accumulated Depreciation	125,000	[3],[4]
Deductions
Balance, end of period	2,408,000	[1],[2]
Deductions
Balance, end of period	125,000	[3],[4]
Walgreens | Coweta, OK
Initial Costs to Company
Land	725,000
Buildings And Improvements	3,245,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	3,970,000	[1],[2]
Accumulated Depreciation	44,000	[3],[4]
Deductions
Balance, end of period	3,970,000	[1],[2]
Deductions
Balance, end of period	44,000	[3],[4]
Walgreens | Reidsville, NC
Real Estate and Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances	3,603,000
Initial Costs to Company
Land	610,000
Buildings And Improvements	3,800,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	4,410,000	[1],[2]
Accumulated Depreciation	298,000	[3],[4]
Deductions
Balance, end of period	4,410,000	[1],[2]
Deductions
Balance, end of period	298,000	[3],[4]
Walgreens | St. Louis, MO
Initial Costs to Company
Land	307,000
Buildings And Improvements	3,204,000
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2013	3,511,000	[1],[2]
Accumulated Depreciation	30,000	[3],[4]
Deductions
Balance, end of period	3,511,000	[1],[2]
Deductions
Balance, end of period	$30,000	[3],[4]
[1]	The aggregate cost for federal income tax purposes was approximately $226.3 million.
[2]	The following is a reconciliation of total real estate carrying value for the years ended DecemberB 31: 2014B 2013B 2012Balance, beginning of period$92,717B $29,839B $28,069B Additions Acquisitions110,394B 62,878B 1,590 ImprovementsbB bB 180B Total additions110,394B 62,878B 1,770B Deductions Cost of real estate soldbB bB bB Total deductionsbB bB bBalance, end of period$203,111B $92,717B $29,839
[3]	The Companybs assets are depreciated or amortized using the straight-line method over the useful lives of the assets by class. Generally, tenant improvements are amortized over the respective lease term and buildings are depreciated over 40 years.
[4]	The following is a reconciliation of accumulated depreciation for the years ended DecemberB 31: 2014B 2013B 2012Balance, beginning of period$1,451B $440B $17B Additions Acquisitions - Depreciation Expense for Building & Tenant Improvements Acquired2,987B 990B 420 Improvements - Depreciation Expense for Tenant Improvements & Building Equipment21B 21B 3B Total additions3,008B 1,011B 423B Deductions Cost of real estate soldbB bB bB Total deductionsbB bB bBalance, end of period$4,459B $1,451B $440