American Realty Capital - Retail Centers Of America 10-Q 13 Nov 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2013	Oct. 31, 2013
Entity Information [Line Items]	'	'
Entity Registrant Name	'AMERICAN REALTY CAPITAL - RETAIL CENTERS OF AMERICA, INC.	'
Entity Central Index Key	'0001500554	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Non-accelerated Filer	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-13	'
Document Fiscal Year Focus	'2013	'
Document Fiscal Period Focus	'Q3	'
Amendment Flag	'false	'
Entity Common Stock, Shares Outstanding	'	5,626,999

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
ASSETS	'	'
Land	$28,192	$12,435
Buildings, fixtures and improvements	62,791	33,957
Acquired intangible lease assets	17,071	8,665
Total real estate investments, at cost	108,054	55,057
Less: accumulated depreciation and amortization	-4,696	-1,143
Total real estate investments, net	103,358	53,914
Cash and cash equivalents	3,202	278
Restricted cash	1,314	327
Prepaid expenses and other assets	1,343	563
Deferred costs, net	1,341	642
Land held for sale	564	0
Total assets	111,122	55,724
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	'	'
Mortgage notes payable	69,860	40,725
Notes payable	3,000	7,235
Below-market lease liabilities, net	929	858
Derivatives, at fair value	337	0
Accounts payable and accrued expenses	9,903	8,033
Deferred rent and other liabilities	200	148
Distributions payable	242	47
Total liabilities	84,471	57,046
Preferred stock, $0.01 par value per share, 50,000,000 authorized, none issued or outstanding at September 30, 2013 and December 31, 2012	0	0
Common stock, $0.01 par value per share, 300,000,000 shares authorized, 4,748,083 and 834,118 shares issued and outstanding at September 30, 2013 and December 31, 2012, respectively	47	8
Additional paid-in capital	34,357	1,372
Accumulated other comprehensive loss	-337	0
Accumulated deficit	-7,416	-2,702
Total stockholders' equity (deficit)	26,651	-1,322
Total liabilities and stockholders' equity (deficit)	$111,122	$55,724

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Preferred stock, par value	$0.01	$0.01
Preferred stock, authorized	50,000,000	50,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value	$0.01	$0.01
Common stock, authorized	300,000,000	300,000,000
Common stock, issued	4,748,083	834,118
Common stock, outstanding	4,748,083	834,118

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Revenues:	'	'	'	'
Rental income	$1,276	$409	$3,444	$499
Operating expense reimbursements	418	109	1,033	131
Total revenues	1,694	518	4,477	630
Operating expenses:	'	'	'	'
Property operating	576	115	1,389	142
Acquisition and transaction related	938	16	945	387
General and administrative	177	14	347	232
Depreciation and amortization	1,067	455	3,302	633
Total operating expenses	2,758	600	5,983	1,394
Operating loss	-1,064	-82	-1,506	-764
Other expenses:	'	'	'	'
Interest expense	-446	-349	-1,977	-438
Extinguishment of debt	0	0	-130	0
Total other expenses	-446	-349	-2,107	-438
Net loss	-1,510	-431	-3,613	-1,202
Designated derivatives, fair value adjustment	-337	0	-337	0
Comprehensive loss	($1,847)	($431)	($3,950)	($1,202)
Basic and diluted weighted-average shares outstanding	3,785,878	369,628	2,283,318	248,967
Basic and diluted net loss per share	($0.40)	($1.17)	($1.58)	($4.83)

CONSOLIDATED_STATEMENT_OF_STOC

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT) (USD $)	Total	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Total Stockholders' Equity (Deficit)	Accumulated Other Comprehensive Loss
In Thousands, except Share data
Balance, beginning of period at Dec. 31, 2012	'	$8	$1,372	($2,702)	($1,322)	$0
Balance, beginning of period (in shares) at Dec. 31, 2012	'	834,118	'	'	'	'
Issuances of common stock (in shares)	'	3,879,780	'	'	'	'
Issuances of common stock	'	39	38,316	'	38,355	'
Common stock offering costs, commissions and dealer manager fees	'	'	-5,593	'	-5,593	'
Common stock issued through distribution reinvestment plan (in shares)	'	33,859	'	'	'	'
Common stock issued through distribution reinvestment plan	322	'	322	'	322	'
Common stock repurchases (in shares)	'	-8,674	'	'	'	'
Common stock repurchases	'	'	-87	'	-87	'
Share-based compensation (in shares)	'	9,000	'	'	'	'
Share-based compensation	'	'	27	'	27	'
Distributions declared	'	'	'	-1,101	-1,101	'
Net loss	-3,613	'	'	-3,613	-3,613	'
Other comprehensive loss	'	'	'	'	-337	-337
Balance, end of period at Sep. 30, 2013	'	$47	$34,357	($7,416)	$26,651	($337)
Balance, end of period (in shares) at Sep. 30, 2013	'	4,748,083	'	'	'	'

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Cash flows from operating activities:	'	'
Net loss	($3,613)	($1,202)
Adjustment to reconcile net loss to net cash provided by (used in) operating activities:	'	'
Depreciation	1,925	375
Amortization of intangible assets	1,375	258
Amortization (including accelerated write-off) of deferred costs	404	75
Accretion of below-market lease liabilities and amortization of above-market lease assets, net	213	10
Share-based compensation	27	13
Changes in assets and liabilities:	'	'
Prepaid expenses and other assets	-802	-240
Accounts payable and accrued expenses	2,183	252
Deferred rent and other liabilities	52	42
Net cash provided by (used in) operating activities	1,764	-417
Cash flows from investing activities:	'	'
Investment in real estate and other assets	-12,575	-5,198
Net cash used in investing activities	-12,575	-5,198
Cash flows from financing activities:	'	'
Proceeds from mortgage notes payable	11,000	0
Payments of mortgage notes payable	-22,740	0
Proceeds from notes payable	0	3,000
Payments of notes payable	-4,235	0
Payments of deferred financing costs	-947	-314
Proceeds from issuances of common stock	38,221	4,101
Payments for Repurchase of Common Stock	-87	0
Payments of offering costs and fees related to stock issuances	-4,713	-643
Distributions paid	-584	-46
(Payments to) advances from affiliate, net	-1,193	716
Restricted cash	-987	-176
Net cash provided by financing activities	13,735	6,638
Net change in cash and cash equivalents	2,924	1,023
Cash and cash equivalents, beginning of period	278	0
Cash and cash equivalents, end of period	3,202	1,023
Supplemental Disclosures:	'	'
Cash paid for interest (includes cash paid for penalties, interest and fees on extinguishment of debt)	1,636	273
Cash paid for taxes	6	0
Non-Cash Investing and Financing Activities:	'	'
Mortgage notes payable used to acquire investments in real estate	40,875	16,200
Common stock issued through distribution reinvestment plan	$322	$4

Organization

Organization	9 Months Ended
	Sep. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Organization	'
	Organization
	American Realty Capital — Retail Centers of America, Inc. (the "Company"), incorporated on July 29, 2010, is a Maryland corporation that qualified as a real estate investment trust ("REIT") for U.S. federal income tax purposes beginning with the taxable year ended December 31, 2012. On March 17, 2011, the Company commenced its initial public offering (the "IPO") on a "reasonable best efforts" basis of up to 150.0 million shares of common stock, $0.01 par value per share, at a price of $10.00 per share, subject to certain volume and other discounts, pursuant to a registration statement on Form S-11, as amended (File No. 333-169355) (the "Registration Statement"), filed with the U.S. Securities and Exchange Commission (the "SEC") under the Securities Act of 1933, as amended. The Registration Statement also covers up to 25.0 million shares available pursuant to a distribution reinvestment plan (the "DRIP") under which the Company's common stockholders may elect to have their distributions reinvested in additional shares of the Company's common stock at a price initially equal to $9.50 per share, which is 95.0% of the offering price of the IPO.
	On March 9, 2012, the Company raised proceeds sufficient to break escrow in connection with its IPO. As of September 30, 2013, the Company had 4.7 million shares of common stock outstanding, including unvested restricted shares and shares issued pursuant to the DRIP, and had received total proceeds of $46.5 million, including proceeds from shares issued pursuant to the DRIP. As of September 30, 2013, the aggregate value of all issuances and subscriptions of common stock outstanding was $47.2 million based on a per share value of $10.00 (or $9.50 for shares issued pursuant to the DRIP).
	The Company was formed to primarily acquire existing anchored, stabilized core retail properties, including power centers, lifestyle centers, large formatted centers with a grocery store component (with a purchase price in excess of $20.0 million) and other need-based shopping centers which are located in the United States and at least 80.0% leased at the time of acquisition. All such properties may be acquired and operated by the Company alone or jointly with another party. The Company may also originate or acquire first mortgage loans secured by real estate. The Company purchased its first property and commenced active operations in June 2012. As of September 30, 2013, the Company owned three properties with an aggregate purchase price of $107.6 million, comprised of 0.5 million square feet which were 92.1% leased on a weighted-average basis.
	Substantially all of the Company's business is conducted through American Realty Capital Retail Operating Partnership, L.P. (the "OP"), a Delaware limited partnership. American Realty Capital Retail Advisor, LLC (the "Advisor") is the Company's affiliated advisor. The Company is the sole general partner and holds substantially all the units of limited partner interests in the OP ("OP Units"). The Advisor, a limited partner in the OP, holds 202 OP Units, which represents a nominal percentage of the aggregate OP ownership. The holder of OP Units has the right to convert OP Units for the cash value of a corresponding number of shares of common stock or, at the option of the OP, a corresponding number of shares of common stock of the Company, in accordance with the limited partnership agreement of the OP. The remaining rights of the holders of the OP Units are limited, however, and do not include the ability to replace the general partner or to approve the sale, purchase or refinancing of the OP's assets.
	The Company has no employees. The Company has retained the Advisor to manage its affairs on a day-to-day basis. The Advisor has entered into a service agreement with an independent third party, Lincoln Retail REIT Services, LLC, a Delaware limited liability company (the "Service Provider"), pursuant to which the Service Provider has agreed to provide, subject to the Advisor's oversight, real estate-related services, including locating investments, negotiating financing, and providing property-level asset management services, property management services, leasing and construction oversight services and disposition services, as needed. Realty Capital Securities, LLC (the "Dealer Manager"), an entity under common ownership with the Company's sponsor, American Realty Capital IV, LLC (the "Sponsor"), serves as the dealer manager of the IPO. The Advisor is a wholly owned subsidiary of, and the Dealer Manager is under common ownership with, the Sponsor, as a result of which they are related parties, and each of which have received and/or may receive compensation, fees and expense reimbursements for services related to the IPO and for the investment and management of the Company's assets. The Advisor and Dealer Manager have received and may receive compensation and fees during the offering, acquisition, operational and liquidation stages. The Advisor will pay to the Service Provider a substantial portion of the fees payable to the Advisor for the performance of these real estate-related services.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
	Summary of Significant Accounting Policies
	The accompanying consolidated financial statements of the Company included herein were prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and with the instructions to this Quarterly Report on Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. The information furnished includes all adjustments and accruals of a normal recurring nature, which, in the opinion of management, are necessary for a fair presentation of results for these interim periods. All intercompany accounts and transactions have been eliminated in consolidation. The results of operations for the three and nine months ended September 30, 2013 are not necessarily indicative of the results for the entire year or any subsequent interim period.
	These financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto as of, and for the year ended December 31, 2012, which are included in the Company's Annual Report on Form 10-K filed with the SEC on March 12, 2013. There have been no significant changes to Company's significant accounting policies during the nine months ended September 30, 2013, other than the updates described below.
	Recently Issued Accounting Pronouncements
	In December 2011, the Financial Accounting Standards Board ("FASB") issued guidance regarding disclosures about offsetting assets and liabilities, which requires entities to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. The guidance is effective for fiscal years and interim periods beginning on or after January 1, 2013 with retrospective application for all comparative periods presented. The adoption of this guidance, which is related to disclosure only, did not have a material impact on the Company's consolidated financial position, results of operations or cash flows.
	In July 2012, the FASB issued revised guidance intended to simplify how an entity tests indefinite-lived intangible assets for impairment. The amendments will allow an entity first to assess qualitative factors to determine whether it is necessary to perform a quantitative impairment test. An entity will no longer be required to calculate the fair value of an indefinite-lived intangible asset and perform the quantitative test unless the entity determines, based on a qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount. The amendments are effective for annual and interim indefinite-lived intangible asset impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted. The adoption of this guidance did not have a material impact on the Company's consolidated financial position, results of operations or cash flows.
	In February 2013, the FASB issued guidance which requires an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. The guidance is effective for annual and interim periods beginning after December 15, 2012 with early adoption permitted. The adoption of this guidance, which is related to disclosure only, did not have a material impact on the Company's consolidated financial position, results of operations or cash flows.
	In February 2013, the FASB issued guidance clarifying the accounting and disclosure requirements for obligations resulting from joint and several liability arrangements for which the total amount under the arrangement is fixed at the reporting date. The new guidance is effective for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2013. The Company does not expect the adoption of this guidance to have a material impact on the Company's consolidated financial position, results of operations or cash flows.

Real_Estate_Investments

Real Estate Investments	9 Months Ended
	Sep. 30, 2013
Real Estate [Abstract]	'
Real Estate Investments	'
	Real Estate Investments
	The following table presents the allocation of the assets acquired and liabilities assumed during the nine months ended September 30, 2013 and 2012:
			Nine Months Ended September 30,
	(Dollar amounts in thousands)		2013				2012
	Real estate investments, at cost:
	Land		$	15,757			$	2,887
	Buildings, fixtures and improvements		28,834			(1)	17,084
	Total tangible real estate investments		44,591				19,971
	Acquired intangibles:
	In-place leases		5,305				1,916
	Above-market lease assets		3,101				199
	Below market lease liabilities		(111		)		(504		)
	Total intangible real estate investments		8,295				1,611
	Land held for sale		564			(2)	—
	Total assets acquired, net		53,450				21,582
	Mortgage notes payable used to acquire real estate investments		(40,875		)		(16,200		)
	Other liabilities assumed		—				(184		)
	Cash paid for acquired real estate investments and land held for sale		$	12,575			$	5,198
	Number of properties purchased		1				1
	_____________________
	-1	Buildings, fixtures and improvements acquired during the nine months ended September 30, 2013 have been provisionally allocated pending receipt of the cost segregation analysis on such assets being prepared by a third party specialist.
	-2	During the nine months ended September 30, 2013, the Company assumed a purchase and sale agreement to sell an outparcel of land acquired in connection with the Tiffany Springs acquisition and recorded the asset, less estimated cost to dispose of the land, as land held for sale on the consolidated balance sheet.
	The following table reflects the number and related purchase prices of properties acquired during the year ended December 31, 2012 and the nine months ended September 30, 2013:
	Portfolio		Number of Properties		Base Purchase Price (1)
					(In thousands)
	Year ended December 31, 2012		2		$	54,182
	Nine months ended September 30, 2013		1		53,450
	Total portfolio as of September 30, 2013		3		$	107,632
	_____________________
	-1	Contract purchase price, excluding acquisition related costs.
	The following table presents unaudited pro forma information as if the acquisition during the nine months ended September 30, 2013 had been consummated on January 1, 2012. Additionally, the unaudited pro forma net loss was adjusted to reclassify acquisition and transaction related expense $0.9 million for the nine months ended September 30, 2013 to the nine months ended September 30, 2012:
			Nine Months Ended September 30,
	(In thousands)		2013				2012
	Pro forma revenues		$	9,952			$	6,186
	Pro forma net loss		$	(2,684	)		$	(2,117	)
	The following table presents future minimum base rent cash payments due to the Company subsequent to September 30, 2013.  These amounts exclude contingent rent payments, as applicable, that may be collected from certain tenants based on provisions related to sales thresholds and increases in annual rent based on exceeding certain economic indexes among other items:
	(In thousands)		Future Minimum
			Base Rent Payments
	October 1, 2013 to December 31, 2013		$	2,143
	2014		8,256
	2015		7,864
	2016		7,488
	2017		7,205
	Thereafter		11,105
			$	44,061
	The following table lists the tenants whose annualized rental income on a straight-line basis represented greater than 10% of total annualized rental income for all portfolio properties on a straight-line basis as of September 30, 2013 and 2012:
	Tenant		September 30, 2013		September 30, 2012
	Toys "R" Us - Delaware, Inc.		10.50%		*
	Ross Stores, Inc.		*		18.10%
	PetSmart, Inc.		*		15.60%
	____________________________
	*	Tenant's annualized rental income on a straight-line basis was not greater than 10% of total annualized rental income on a straight-line basis for all portfolio properties as of the period specified.
	The termination, delinquency or non-renewal of leases by one or more of the above tenants may have a material adverse effect on revenues. No other tenant represents more than 10% of annualized rental income on a straight-line basis as of September 30, 2013 and 2012.
	The following table lists the states where the Company has concentrations of properties where annualized rental income on a straight-line basis represented greater than 10% of consolidated annualized rental income on a straight-line basis as of September 30, 2013 and 2012:
	State		September 30, 2013		30-Sep-12
	Missouri		47.80%		*
	Texas		52.20%		100.00%
	____________________________
	*	State's annualized rental income on a straight-line basis was not greater than 10% of total annualized rental income for all portfolio properties as of the period specified.
	The Company owned properties in no other state that in total represented more than 10% of the annualized rental income on a straight-line basis as of September 30, 2013 and 2012.

Note_Payable

Note Payable	9 Months Ended
	Sep. 30, 2013
Debt Disclosure [Abstract]	'
Notes Payable	'
	Notes Payable
	In June 2012, the Company entered into an unsecured $3.0 million note payable with an unaffiliated third party. The note payable bears interest at a fixed rate of 8.0% per annum and was set to mature in June 2013. In May 2013, the note payable was extended for one year and will mature in June 2014. The note payable contains two one-year extension options and requires monthly interest payments only with the principal balance due at maturity. The note payable may be prepaid from time to time and at any time, in whole or in part. The Company is also required to pay an exit fee equal to 1.0% of the original loan amount upon final payment of the note payable. As of September 30, 2013 and December 31, 2012, there was $3.0 million outstanding on the note payable.
	In December 2012, the Company entered into an unsecured $4.2 million bridge loan with the Sponsor. The bridge loan bore interest at a fixed rate of 6.0% per annum. The bridge loan, which was to mature in December 2013, required monthly interest payments only with the principal balance due at maturity. The bridge loan could be prepaid from time to time and at any time, in whole or in part. In May 2013, the Company prepaid $1.5 million of the principal balance on the bridge loan. In September 2013, the Company prepaid the remaining $2.7 million principal balance on the bridge loan.
	The Company's sources of financing generally contain financial covenants, including restrictions on corporate guarantees, the maintenance of certain financial ratios (such as specified debt to equity and debt service coverage ratios) as well as the maintenance of minimum net worth. As of September 30, 2013, the Company was in compliance with financial covenants under the remaining note payable agreement.

Mortgage_Notes_Payable

Mortgage Notes Payable	9 Months Ended
	Sep. 30, 2013
Debt Disclosure [Abstract]	'
Mortgage Note Payable	'
	Mortgage Notes Payable
	The Company's mortgage notes payable as of September 30, 2013 and December 31, 2012 consists of the following:
					Outstanding Loan Amount as of				Effective Interest Rate as of
	Portfolio				September 30,		December 31,		September 30,			31-Dec-12			Interest Rate		Maturity Date
					2013		2012		2013
					(In thousands)		(In thousands)
	Liberty Crossing - Original Loan (1) (2)		—		$	—	$	16,200	—	%		5.58	%		Variable		Refinanced in June 2013
	Liberty Crossing - Refinanced Loan (1) (3)		1		11,000		—		4.66	%		—	%		Fixed		Jul. 2018
	San Pedro Crossing - Senior Loan (1)		1		17,985		17,985		3.79	%		3.79	%		Fixed		Jan. 2018
	San Pedro Crossing - Mezzanine Loan (1) (4)		—		—		6,540		—	%		10.14	%		Fixed		Fully paid down in May 2013
	Tiffany Springs (1) (5)		1		40,875		—		4.44	%		—	%		Fixed	(6)	Oct. 2018
	Total		3		$	69,860	$	40,725	4.31	%	(7)	5.52	%	(7)
	_________________________________
	-1	Payments and obligations pursuant to these mortgage agreements were or are guaranteed by AR Capital, LLC, the entity that wholly owns the Company's Sponsor.
	-2	This mortgage note payable encumbered the Liberty Crossing property and bore interest at (i) the greater of (A) 0.5%, or (B) one-month LIBOR with respect to Eurodollar rate loans, plus (ii) a margin of 5.0%. The mortgage note payable required monthly interest-only payments. The Company refinanced the Liberty Crossing property in June 2013 and replaced this mortgage note payable with the "Liberty Crossing - Refinanced Loan."
	-3	The Company entered into this mortgage agreement on June 28, 2013.
	-4	The mezzanine loan encumbered the San Pedro Crossing property. The mezzanine loan bore interest at a fixed rate of 10.0%. The Company fully paid down the mezzanine loan during the second quarter of 2013.
	-5	The Company entered into this mortgage agreement on September 26, 2013.
	-6	Fixed as a result of entering into a swap agreement.
	-7	Calculated on a weighted-average basis for all mortgages outstanding as of September 30, 2013 and December 31, 2012.
	In June 2013, the Company refinanced the Liberty Crossing property. The refinancing qualified as an extinguishment of debt based on the significant changes made to the terms of the loan. In June 2013, in connection with the Company's extinguishment of debt, the Company wrote off approximately $74,000 of related deferred financing costs and incurred approximately $56,000 of penalties, interest and fees related to the refinancing.
	The following table summarizes the scheduled aggregate principal payments for the Company's mortgage notes payable subsequent to September 30, 2013:
	(In thousands)		Future Principal Payments
	October 1, 2013 to December 31, 2013		$	—
	2014		2,422
	2015		3,102
	2016		442
	2017		442
	Thereafter		63,452
			$	69,860
	The Company's sources of recourse financing generally require financial covenants, including restrictions on corporate guarantees, the maintenance of certain financial ratios (such as specified debt to equity and debt service coverage ratios) as well as the maintenance of minimum net worth. As of September 30, 2013, the Company was in compliance with debt covenants under the mortgage notes payable agreements.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments

9 Months Ended

Sep. 30, 2013

Fair Value Disclosures [Abstract]

'

Fair Value of Financial Instruments

'

Fair Value of Financial Instruments

The Company determines fair value based on quoted prices when available or through the use of alternative approaches, such as discounting the expected cash flows using market interest rates commensurate with the credit quality and duration of the investment. This alternative approach also reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities. The guidance defines three levels of inputs that may be used to measure fair value:

Level 1 — Quoted prices in active markets for identical assets and liabilities that the reporting entity has the ability to access at the measurement date.

Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the asset and liability or can be corroborated with observable market data for substantially the entire contractual term of the asset or liability.

Level 3 — Unobservable inputs that reflect the entity's own assumptions about the assumptions that market participants would use in the pricing of the asset or liability and are consequently not based on market activity, but rather through particular valuation techniques.

The determination of where an asset or liability falls in the hierarchy requires significant judgment and considers factors specific to the asset or liability. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company evaluates its hierarchy disclosures each quarter and depending on various factors, it is possible that an asset or liability may be classified differently from quarter to quarter. However, the Company expects that changes in classifications between levels will be rare.

Although the Company has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with those derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by the Company and its counterparties. However, as of September 30, 2013, the Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustments are not significant to the overall valuation of the Company's derivatives. As a result, the Company has determined that its derivative valuations in their entirety are classified in Level 2 of the fair value hierarchy.

The valuation of derivative instruments is determined using a discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, as well as observable market-based inputs, including interest rate curves and implied volatilities. In addition, credit valuation adjustments, are incorporated into the fair values to account for the Company's potential nonperformance risk and the performance risk of the counterparties.

The following table presents information about the Company's assets and liabilities (including derivatives that are presented net) measured at fair value on a recurring basis as of September 30, 2013, aggregated by the level in the fair value hierarchy within which those instruments fall. There were no assets or liabilities measured at fair value on a recurring basis as of December 31, 2012:

(In thousands)

Quoted Prices

Significant Other

Significant

Total

in Active

Observable

Unobservable

Markets

Inputs

Inputs

Level 1

Level 2

Level 3

Interest rate swaps

$

—

$

(337

)

$

—

$

(337

)

A review of the fair value hierarchy classification is conducted on a quarterly basis. Changes in the type of inputs may result in a reclassification for certain assets. There were no transfers between Level 1 and Level 2 of the fair value hierarchy during the nine months ended September 30, 2013.

The Company is required to disclose the fair value of financial instruments for which it is practicable to estimate that value. The fair value of short-term financial instruments such as cash and cash equivalents, restricted cash, other receivables, accounts payable and distributions payable approximates their carrying value on the consolidated balance sheets due to their short-term nature. The fair values of the Company's remaining financial instruments that are not reported at fair value on the consolidated balance sheets are reported below:

Carrying Amount at

Fair Value at

Carrying Amount at

Fair Value at

(In thousands)

Level

September 30, 2013

September 30, 2013

December 31, 2012

December 31, 2012

Mortgage notes payable

3

$

69,860

$

69,585

$

40,725

$

41,007

Notes payable

3

$

3,000

$

3,045

$

7,235

$

7,265

The fair value of mortgage notes payable and notes payable are obtained by calculating the present value at current market rates.

Derivatives_and_Hedging_Activi

Derivatives and Hedging Activities

9 Months Ended

Sep. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

'

Derivatives and Hedging Activities

'

Derivatives and Hedging Activities

Risk Management Objective of Using Derivatives

The Company may use derivative financial instruments, including interest rate swaps, caps, options, floors and other interest rate derivative contracts, to hedge all or a portion of the interest rate risk associated with its borrowings. The principal objective of such arrangements is to minimize the risks and/or costs associated with the Company's operating and financial structure as well as to hedge specific anticipated transactions. The Company does not intend to utilize derivatives for speculative or other purposes other than interest rate risk management. The use of derivative financial instruments carries certain risks, including the risk that the counterparties to these contractual arrangements are not able to perform under the agreements. To mitigate this risk, the Company only enters into derivative financial instruments with counterparties with high credit ratings and with major financial institutions with which the Company and its affiliates may also have other financial relationships. The Company does not anticipate that any of the counterparties will fail to meet their obligations.

Cash Flow Hedges of Interest Rate Risk

The Company's objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps and collars as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. Interest rate collars designated as cash flow hedges involve the receipt of variable-rate amounts if interest rates rise above the cap strike rate on the contract and payments of variable-rate amounts if interest rates fall below the floor strike rate on the contract.

The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in accumulated other comprehensive income and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. During 2013, such derivatives were used to hedge the variable cash flows associated with variable-rate debt. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings.

Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on the Company's variable-rate debt. During the next 12 months, the Company estimates that an additional $0.5 million will be reclassified from other comprehensive income as an increase to interest expense.

As of September 30, 2013, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk. There were no derivative instruments as of December 31, 2012:

Interest Rate Derivative

Number of

Notional Amount

Instruments

(In thousands)

Interest Rate Swap

1

$

34,098

The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the consolidated balance sheet as of September 30, 2013. There were no derivative instruments as of December 31, 2012:

(In thousands)

Balance Sheet Location

September 30, 2013

Derivatives designated as hedging instruments:

Interest Rate Swaps

Derivatives, at fair value

$

(337

)

The table below details the location in the consolidated financial statements of the gain or loss recognized on interest rate derivatives designated as cash flow hedges for the three and nine months ended September 30, 2013. The Company had no active derivatives during the three and nine months ended September 30, 2012:

(In thousands)

Three Months Ended September 30, 2013

Nine Months Ended September 30, 2013

Amount of gain (loss) recognized in accumulated other comprehensive loss from interest rate derivatives (effective portion)

$

(338

)

$

(338

)

Amount of gain (loss) reclassified from accumulated other comprehensive loss into income as interest expense (effective portion)

$

(1

)

$

(1

)

Offsetting Derivatives

The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company's derivatives as of September 30, 2013. There were no derivative instruments as of December 31, 2012. The net amounts of derivative assets or liabilities can be reconciled to the tabular disclosure of fair value. The tabular disclosure of fair value provides the location that derivative assets and liabilities are presented on the accompanying balance sheets:

Gross Amounts Not Offset on the Balance Sheet

(In thousands)

Gross Amounts of Recognized Liabilities

Gross Amounts Offset on the Balance Sheet

Net Amounts of Liabilities presented on the Balance Sheet

Financial Instruments

Cash Collateral Received (Posted)

Net Amount

September 30, 2013

$

(337

)

$

—

$

(337

)

$

—

$

—

$

(337

)

Derivatives Not Designated as Hedges

Derivatives not designated as hedges are not speculative. These derivatives may be used to manage the Company's exposure to interest rate movements and other identified risks but do not meet the strict hedge accounting requirements to be classified as hedging instruments. The Company does not have any hedging instruments that do not qualify for hedge accounting.

Credit-risk-related Contingent Features

The Company has agreements with each of its derivative counterparties that contain a provision where if the Company either defaults or is capable of being declared in default on any of its indebtedness, then the Company could also be declared in default on its derivative obligations.

As of September 30, 2013, fair value of derivatives in a net liability position including accrued interest but excluding any adjustment for nonperformance risk related to these agreements was $0.3 million. As of September 30, 2013, the Company has not posted any collateral related to these agreements and was not in breach of any agreement provisions. If the Company had breached any of these provisions, it could have been required to settle its obligations under the agreements at their aggregate termination value of $0.3 million at September 30, 2013.

Common_Stock

Common Stock	9 Months Ended
	Sep. 30, 2013
Stockholders' Equity Note [Abstract]	'
Common Stock	'
	Common Stock
	As of September 30, 2013 and December 31, 2012, the Company had 4.7 million and 0.8 million shares of common stock outstanding, including unvested restricted shares and shares issued pursuant to the DRIP, respectively, and had received total proceeds of $46.5 million and $7.9 million, including proceeds from shares issued pursuant to the DRIP, respectively.
	On September 19, 2011, the Company's board of directors authorized, and the Company declared, a distribution, which is calculated based on stockholders of record each day during the applicable period at a rate of $0.0017534247 per day or $0.64 annually per share of common stock. The distributions began to accrue on June 8, 2012, the date of the Company's initial property acquisition. The distributions are payable by the 5th day following each month end to stockholders of record at the close of business each day during the prior month. The board of directors may reduce the amount of distributions paid or suspend distribution payments at any time and therefore distribution payments are not assured.
	The following table summarizes the number of shares repurchased under the Company's Share Repurchase Program cumulatively through September 30, 2013:
		Number of Requests	Number of Shares	Average Price per Share
	Cumulative repurchases as of December 31, 2012	—	—	$	—
	Nine Months Ended September 30, 2013	1	8,674	$	9.98
	Cumulative repurchase requests as of September 30, 2013	1	8,674	$	9.98

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2013
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. There are no material legal proceedings pending or known to be contemplated against the Company or its properties.
	Environmental Matters
	In connection with the ownership and operation of real estate, the Company may potentially be liable for costs and damages related to environmental matters. The Company has not been notified by any governmental authority of any non-compliance, liability or other claim, and is not aware of any other environmental condition that it believes will have a material adverse effect on the results of operations.

Related_Party_Transactions_and

Related Party Transactions and Arrangements	9 Months Ended
	Sep. 30, 2013
Related Party Transactions [Abstract]	'
Related Party Transactions and Arrangements	'
	Related Party Transactions and Arrangements
	The Sponsor and American Realty Capital Retail Special Limited Partnership, LLC, an entity wholly owned by the Sponsor, owned 242,222 shares of the Company's outstanding common stock as of September 30, 2013 and December 31, 2012. As of September 30, 2013 and December 31, 2012, the Advisor owned 202 OP Units.
	Additionally, in December 2012, the Company entered into an unsecured $4.2 million bridge loan with the Sponsor. In May 2013, the Company paid down $1.5 million of the principal balance on the bridge loan. In September 2013, the Company paid the remaining $2.7 million principal balance on the bridge loan (See Note 4 — Notes Payable).
	Fees Paid in Connection with the IPO
	The Dealer Manager receives fees and compensation in connection with the sale of the Company's common stock in the IPO. The Dealer Manager receives a selling commission of up to 7.0% of gross offering proceeds before reallowance of commissions earned by participating broker-dealers. In addition, the Dealer Manager receives up to 3.0% of the gross proceeds from the sale of common stock, before reallowance to participating broker-dealers, as a dealer-manager fee. The Dealer Manager may reallow its dealer-manager fee to such participating broker-dealers, based on such factors as the volume of shares sold by respective participating broker-dealers and marketing support incurred as compared to those of other participating broker-dealers. The following table details total selling commissions and dealer manager fees incurred by the Company during the three and nine months ended September 30, 2013 and 2012 and payable to the Dealer Manager as of September 30, 2013 and December 31, 2012:
		Three Months Ended September 30,				Nine Months Ended September 30,				Payable as of
	(In thousands)	2013		2012		2013		2012		September 30, 2013		December 31, 2012
	Total commissions and fees from the Dealer Manager	$	1,376	$	120	$	3,530	$	192	$	28	$	—
	The Advisor and its affiliates have received and will receive compensation and expense reimbursements for services relating to the IPO. Effective March 1, 2013, the Company began utilizing transfer agent services provided by an affiliate of the Dealer Manager. All offering costs incurred by the Company or its affiliated entities on behalf of the Company are charged to additional paid-in capital on the accompanying consolidated balance sheets. The following table details offering costs and reimbursements incurred during the three and nine months ended September 30, 2013 and 2012 and payable to the Advisor and Dealer Manager as of September 30, 2013 and December 31, 2012:
		Three Months Ended September 30,				Nine Months Ended September 30,				Payable as of
	(In thousands)	2013		2012		2013		2012		September 30, 2013		December 31, 2012
	Fees and expense reimbursements from the Advisor and Dealer Manager	$	198	$	398	$	1,110	$	1,210	$	4,415	$	3,533
	The Company is responsible for offering and related costs from the IPO, excluding commissions and dealer manager fees, up to a maximum of 1.5% of gross proceeds received from the IPO, measured at the end of the IPO. Offering costs in excess of the 1.5% cap as of the end of the IPO are the Advisor's responsibility. As of September 30, 2013, offering and related costs, excluding commissions and dealer manager fees, exceeded 1.5% of gross proceeds received from the IPO by $7.4 million.
	The Advisor has elected to cap cumulative offering costs incurred by the Company, net of unpaid amounts, to 15.0% of gross common stock proceeds during the offering period. As of September 30, 2013, cumulative offering costs were $12.2 million. Cumulative offering costs, net of unpaid amounts, were less than the 15.0% threshold as of September 30, 2013.
	Fees Paid in Connection With the Operations of the Company
	The Advisor receives an acquisition fee of 1.0% of the contract purchase price of each acquired property and 1.0% of the amount advanced for any loan or other investment and is reimbursed for acquisition costs incurred in the process of acquiring properties, which is expected to be approximately 0.5% of the contract purchase price. In no event will the total of all acquisition and acquisition expenses (including any finance coordination fee) payable with respect to a particular investment exceed 4.5% of the contract purchase price.  Once the proceeds from the IPO have been fully invested, the aggregate amount of acquisition fees and financing coordination fees (as described below) shall not exceed 1.5% of the contract purchase price and the amount advanced for a loan or other investment, as applicable, for all the assets acquired.
	If the Advisor provides services in connection with the origination or refinancing of any debt that the Company obtains and uses to acquire properties or to make other permitted investments, or that is assumed, directly or indirectly, in connection with the acquisition of properties, the Company will pay the Advisor a financing coordination fee equal to 1.0% of the amount available and/or outstanding under such financing, subject to certain limitations.
	Until October 1, 2013, the Company paid the Advisor an annual fee of up to 0.75% of average invested assets to provide asset management services. Average invested assets is defined as the average of the aggregate book value of assets invested, directly or indirectly, in properties, mortgage loans and other debt financing investments and other real estate-related investments secured by real estate before reserves for depreciation or bad debts or other similar non-cash reserves. However, the asset management fee was reduced by any amounts payable to the Advisor as an oversight fee, such that the aggregate of the asset management fee and the oversight fee did not exceed 0.75% per annum of average invested assets. Such asset management fee was payable, at the discretion of the Company's board, in cash, common stock or restricted stock grants, or any combination thereof. The asset management fee was reduced to the extent that the Company's funds from operations, as adjusted, during the six months ending on the last calendar quarter immediately preceding the date the asset management fee was payable was less than the distributions declared with respect to such six month period.
	Effective October 1, 2013, as approved by the Company's board of directors on November 8, 2013, the following were eliminated: (i) the reduction of the asset management fee to the extent, if any, that the Company’s funds from operations, as adjusted, during the six months ending on the last calendar quarter immediately preceding the date the asset management fee was payable was less than the distributions declared with respect to such six month period, and (ii) the payment of asset management fees in monthly installments in cash, shares or restricted stock grants, or any combination thereof to the Advisor. Instead the Company expects to issue (subject to periodic approval by the board of directors) to the Advisor performance-based restricted partnership units of the OP designated as "Class B Units," which are intended to be profits interests and will vest, and no longer be subject to forfeiture, at such time as: (x) the value of the OP's assets plus all distributions made equals or exceeds the total amount of capital contributed by investors plus a 7.0% cumulative, pre-tax, non-compounded annual return thereon (the "economic hurdle"); (y) any one of the following occurs: (1) the termination of the advisory agreement by an affirmative vote of a majority of the Company's independent directors without cause; (2) a listing; or (3) another liquidity event; and (z) the Advisor is still providing advisory services to the Company (the "performance condition"). Such Class B Units will be forfeited immediately if: (a) the advisory agreement is terminated other than by an affirmative vote of a majority of the Company's independent directors without cause; or (b) the advisory agreement is terminated by an affirmative vote of a majority of the Company's independent directors without cause before the economic hurdle has been met.
	The calculation of the asset management fees has also been revised effective October 1, 2013, as approved by the Company's board of directors on November 8, 2013, to pay a fee equal to: (i) the excess of (A) the product of (y) the cost of assets multiplied by (z) 0.1875% over (B) any amounts payable as an oversight fee (as described below) for such calendar quarter; divided by (ii) the value of one share of common stock as of the last day of such calendar quarter. When and if approved by the board of directors, the Class B Units are expected to be issued to the Advisor quarterly in arrears pursuant to the terms of the limited partnership agreement of the OP. The value of issued Class B Units will be determined and expensed when the Company deems the achievement of the performance condition to be probable. The Advisor receives distributions on unvested Class B Units equal to the distribution rate received on the Company's common stock. Such distributions on issued Class B Units will be included in general and administrative expenses in the consolidated statement of operations and comprehensive loss until the performance condition is considered probable to occur. No Class B Units have been approved by the board of directors or issued through the date of the filing of this Form 10-Q.
	In connection with property management and leasing services, unless the Company contracts with a third party, the Company will pay to an affiliate of the Advisor a property management fee of 2.0% of gross revenues from the Company's stand-alone single-tenant net leased properties and 4.0% of gross revenues from all other types of properties, respectively.  The Company will also reimburse the affiliate for property level expenses.  If the Company contracts directly with third parties for such services, the Company will pay them customary market fees and will pay the Advisor an oversight fee of up to 1.0% of the gross revenues of the property managed. In no event will the Company pay the Advisor or any affiliate both a property management fee and an oversight fee with respect to any particular property.
	In connection with any construction, renovation or tenant finish-out on any property, the Company will pay the Advisor 6.0% of the hard costs of the construction, renovation and/or tenant finish-out, as applicable.
	Effective March 1, 2013, the Company entered into an agreement with the Dealer Manager to provide strategic advisory services and investment banking services required in the ordinary course of the Company's business, such as performing financial analysis, evaluating publicly traded comparable companies and assisting in developing a portfolio composition strategy, a capitalization structure to optimize future liquidity options and structuring operations. Strategic advisory fees are included in general and administrative expenses on the consolidated statements of operations and comprehensive loss.
	The following table details amounts incurred and forgiven during the three and nine months ended September 30, 2013 and 2012 and amounts contractually due as of September 30, 2013 and December 31, 2012 in connection with the operations related services described above:
		Three Months Ended September 30,								Nine Months Ended September 30,								Payable as of
		2013				2012				2013				2012				September 30,		December 31,
	(In thousands)	Incurred		Forgiven		Incurred		Forgiven		Incurred		Forgiven		Incurred		Forgiven		2013		2012
	One-time fees and reimbursements:
	Acquisition fees and related cost reimbursements	$	802	$	—	$	—	$	—	$	802	$	—	$	324	$	—	$	802	$	820
	Financing coordination fees	409		—		—		—		409		—		162		—		409		407
	Ongoing fees:
	Asset management fees	—		—		—		37		—		18		—		45		—		—
	Property management and leasing fees	—		17		—		5		—		45		—		6		—		—
	Strategic advisory fees	220		—		—		—		514		—		—		—		514		—
	Total related party operation fees and reimbursements	$	1,431	$	17	$	—	$	42	$	1,725	$	63	$	486	$	51	$	1,725	$	1,227
	The Company will reimburse the Advisor's costs of providing administrative services, subject to the limitation that it will not reimburse the Advisor for any amount by which the Company's operating expenses (including the asset management fee) at the end of the four preceding fiscal quarters exceeds the greater of (a) 2.0% of average invested assets, or (b) 25.0% of net income other than any additions to reserves for depreciation, bad debt or other similar non cash reserves and excluding any gain from the sale of assets for that period. Additionally, the Company will not reimburse the Advisor for personnel costs in connection with services for which the Advisor receives acquisition fees or real estate commissions. No reimbursements were incurred from the Advisor for providing administrative services during the three and nine months ended September 30, 2013 or 2012.
	In order to improve operating cash flows and the ability to pay distributions from operating cash flows, the Advisor agreed to waive certain fees including asset management and property management fees. Because the Advisor may waive certain fees, cash flow from operations that would have been paid to the Advisor may be available to pay distributions to stockholders. The fees that may be forgiven are not deferrals and accordingly, will not be paid to the Advisor. In certain instances, to improve the Company's working capital, the Advisor may elect to absorb a portion of the Company's general and administrative costs and/or property operating costs. The Advisor absorbed $0.2 million and $0.7 million of general and administrative costs during the three and nine months ended September 30, 2013, respectively. The Advisor did not absorb any property operating costs during the three months ended September 30, 2013. The Advisor absorbed approximately $41,000 of property operating costs during the nine months ended September 30, 2013. The Advisor absorbed $0.1 million of general and administrative costs and approximately $44,000 of property operating costs during the three and nine months ended September 30, 2012. General and administrative expenses and property operating expenses are presented net of costs absorbed by the Advisor on the accompanying consolidated statements of operations and comprehensive loss.
	Fees Paid in Connection with the Liquidation or Listing of the Company's Real Estate Assets
	The Company will pay a brokerage commission on the sale of property, not to exceed the lesser of 2.0% of the contract sale price of the property and one-half of the total brokerage commission paid, if a third party broker is also involved; provided, however, that in no event may the real estate commissions paid to the Advisor, its affiliates and unaffiliated third parties exceed the lesser of 6.0% of the contract sales price and a reasonable, customary and competitive real estate commission, in light of the size, type and location of the property, in each case, payable to the Advisor if the Advisor or its affiliates, as determined by a majority of the independent directors, provided a substantial amount of services in connection with the sale. No such fees were incurred during the three and nine months ended September 30, 2013 or 2012.
	If the Company is not simultaneously listed on an exchange, the Company will pay a subordinated participation in the net sales proceeds of the sale of real estate assets of 15.0% of remaining net sale proceeds after return of capital contributions to investors plus payment to investors of an annual 7.0% cumulative, pre-tax non-compounded return on the capital contributed by investors.  The Company cannot assure that it will provide this 7.0% annual return but the Advisor will not be entitled to the subordinated participation in net sale proceeds unless the Company's investors have received an annual 7.0% cumulative non-compounded return on their capital contributions plus the 100.0% repayment of capital committed by such investors. No such amounts were incurred during the three and nine months ended September 30, 2013 or 2012.
	The Company will pay a subordinated incentive listing distribution of 15.0%, payable in the form of a non-interest bearing promissory note, of the amount by which the adjusted market value plus distributions paid prior to listing exceeds the aggregate capital contributed by investors plus an amount equal to an annual 7.0% cumulative, pre-tax non-compounded annual return to investors.  The Company cannot assure that it will provide this 7.0% return but the Advisor will not be entitled to the subordinated incentive listing distribution unless investors have received an annual 7.0% cumulative, pre-tax non-compounded return on their capital contributions plus the 100.0% repayment of capital committed by such investors. No such amounts were incurred during the three and nine months ended September 30, 2013 or 2012. Neither the Advisor nor any of its affiliates can earn both the subordination participation in the net proceeds and the subordinated listing distribution.
	Upon termination or non-renewal of the advisory agreement, the Advisor will receive distributions from the OP, if any, payable in the form of a non-interest bearing promissory note. In addition, the Advisor may elect to defer its right to receive a subordinated distribution upon termination until either a listing on a national securities exchange or other liquidity event occurs.

Economic_Dependency

Economic Dependency	9 Months Ended
	Sep. 30, 2013
Economic Dependency [Abstract]	'
Economic Dependency	'
	Economic Dependency
	Under various agreements, the Company has engaged or will engage the Advisor, its affiliates and entities under common ownership with the Advisor 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 issue, transfer agency services, 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 the Advisor and its affiliates. In the event that these companies are unable to provide the Company with the respective services, the Company will be required to find alternative providers of these services.

ShareBased_Compensation

Share-Based Compensation	9 Months Ended
	Sep. 30, 2013
Share-based Compensation [Abstract]	'
Share-Based Compensation	'
	Share-Based Compensation
	Stock Option Plan
	The Company has a stock option plan (the "Plan") which authorizes the grant of nonqualified stock options to the Company's independent directors, officers, advisors, consultants and other personnel, subject to the absolute discretion of the board of directors and the applicable limitations of the Plan. The exercise price for all stock options granted under the Plan will be fixed at $10.00 per share until the termination of the IPO, and thereafter the exercise price for stock options granted to the independent directors will be equal to the fair market value of a share on the last business day preceding the annual meeting of stockholders. A total of 0.5 million shares have been authorized and reserved for issuance under the Plan. As of September 30, 2013 and December 31, 2012, no stock options were issued under the Plan.
	Restricted Share Plan
	The Company has an employee and director incentive restricted share plan (the "RSP"), which provides for the automatic grant of 3,000 restricted shares of common stock to each of the independent directors, without any further action by the Company's board of directors or the stockholders, on the date of initial election to the board of directors and on the date of each annual stockholder's meeting. Restricted stock issued to independent directors will vest over a five-year period following the date of grant in increments of 20.0% per annum. The RSP provides the Company with the ability to grant awards of restricted shares to the Company's directors, officers and employees (if the Company ever has employees), employees of the Advisor and its affiliates, employees of entities that provide services to the Company, directors of the Advisor or of entities that provide services to the Company, certain consultants to the Company and the Advisor and its affiliates or to entities that provide services to the Company. The fair market value of any shares of restricted stock granted under the RSP, together with the total amount of acquisition fees, acquisition expense reimbursements, asset management fees, financing coordination fees, disposition fees and subordinated distributions by the operating partnership payable to the Advisor, shall not exceed (a) 6.0% of all properties' aggregate gross contract purchase price, (b) as determined annually, the greater, in the aggregate, of 2.0% of average invested assets and 25.0% of net income other than any additions to reserves for depreciation, bad debt or other similar non-cash reserves and excluding any gain from the sale of assets for that period, (c) disposition fees, if any, of up to 3.0% of the contract sales price of all properties that the Company sells and (d) 15.0% of remaining net sales proceeds after return of capital contributions plus payment to investors of an annual 6.0% cumulative, pre-tax, non-compounded return on the capital contributed by investors. The total number of shares of common stock granted under the RSP shall not exceed 5.0% of the Company's authorized shares of common stock pursuant to the IPO and in any event will not exceed 7.5 million shares (as such number may be adjusted for stock splits, stock dividends, combinations and similar events).
	Restricted share awards entitle the recipient to receive shares of common stock from the Company under terms that provide for vesting over a specified period of time or upon attainment of pre-established performance objectives. Such awards would typically be forfeited with respect to the unvested shares upon the termination of the recipient's employment or other relationship with the Company. Restricted shares may not, in general, be sold or otherwise transferred until restrictions are removed and the shares have vested. Holders of restricted shares may receive cash distributions prior to the time that the restrictions on the restricted shares have lapsed. Any distributions payable in shares of common stock shall be subject to the same restrictions as the underlying restricted shares.  The following table reflects restricted share award activity for the nine months ended September 30, 2013:
		Number of Shares of Restricted Stock		Weighted-Average Issue Price Per Share
	Unvested, December 31, 2012	13,800		$	9.35
	Granted	9,000		9
	Vested	(2,400	)	9.5
	Unvested, September 30, 2013	20,400		$	9.18
	The fair value of the shares, which is based on the IPO price, is being expensed over the vesting period of five years, adjusted for the timing of board member resignations. Compensation expense related to restricted stock was approximately $12,000 and $9,000 during the three months ended September 30, 2013 and 2012, respectively. Compensation expense related to restricted stock was approximately $27,000 and $13,000 during the nine months ended September 30, 2013 and 2012, respectively.
	Other Share-Based Compensation
	The Company may issue common stock in lieu of cash to pay fees earned by the Company's directors, at the each director's election. There are no restrictions on the shares issued since these payments in lieu of cash relate to fees earned for services performed. No shares of common stock were issued to directors in lieu of cash compensation during the three and nine months ended September 30, 2013 and 2012.

Net_Loss_Per_Share

Net Loss Per Share	9 Months Ended
	Sep. 30, 2013
Earnings Per Share [Abstract]	'
Net Loss Per Share	'
	Net Loss Per Share
	The following is a summary of the basic and diluted net loss per share computation for the three and nine months ended September 30, 2013 and 2012:
		Three Months Ended September 30,						Nine Months Ended September 30,
		2013			2012			2013			2012
	Net loss (in thousands)	$	(1,510	)	$	(431	)	$	(3,613	)	$	(1,202	)
	Basic and diluted weighted-average shares outstanding	3,785,878			369,628			2,283,318			248,967
	Basic and diluted net loss per share	$	(0.40	)	$	(1.17	)	$	(1.58	)	$	(4.83	)
	As of September 30, 2013 and 2012, the Company had 20,400 and 16,800 shares of unvested restricted stock outstanding, respectively. As of September 30, 2013 and 2012, the Company had 202 OP Units outstanding. Both the unvested restricted stock and the OP Units were excluded from the calculation of diluted net loss per share as the effect would have been antidilutive.

Subsequent_Events

Subsequent Events	9 Months Ended
	Sep. 30, 2013
Subsequent Events [Abstract]	'
Subsequent Events	'
	Subsequent Events
	The Company has evaluated subsequent events through the filing of this Quarterly Report on Form 10-Q, and determined that there have not been any events that have occurred that would require adjustments to, or disclosures in, the consolidated financial statements, except for the following disclosures:
	Sales of Common Stock
	As of October 31, 2013, the Company had 5.6 million shares of common stock outstanding, including unvested restricted shares and shares issued pursuant to the DRIP. As of October 31, 2013, the aggregate value of all share issuances was $56.0 million, based on a per share value of $10.00 (or $9.50 for shares issued pursuant to the DRIP).
	Total capital, including sales from common stock and proceeds from shares issued pursuant to the DRIP, net of common stock repurchases, raised to date is as follows:
	Source of Capital (In thousands)	Inception to September 30, 2013		October 1, 2013 to October 31, 2013		Total
	Common stock	$	46,480	$	8,590	$	55,070
	Debt Principal Payment
	During the fourth quarter of 2013, the Company paid down $5.7 million of the principal balance on the mortgage that encumbers the Tiffany Springs property.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]	'
New Accounting Pronouncements, Policy	'
	Recently Issued Accounting Pronouncements
	In December 2011, the Financial Accounting Standards Board ("FASB") issued guidance regarding disclosures about offsetting assets and liabilities, which requires entities to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. The guidance is effective for fiscal years and interim periods beginning on or after January 1, 2013 with retrospective application for all comparative periods presented. The adoption of this guidance, which is related to disclosure only, did not have a material impact on the Company's consolidated financial position, results of operations or cash flows.
	In July 2012, the FASB issued revised guidance intended to simplify how an entity tests indefinite-lived intangible assets for impairment. The amendments will allow an entity first to assess qualitative factors to determine whether it is necessary to perform a quantitative impairment test. An entity will no longer be required to calculate the fair value of an indefinite-lived intangible asset and perform the quantitative test unless the entity determines, based on a qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount. The amendments are effective for annual and interim indefinite-lived intangible asset impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted. The adoption of this guidance did not have a material impact on the Company's consolidated financial position, results of operations or cash flows.
	In February 2013, the FASB issued guidance which requires an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. The guidance is effective for annual and interim periods beginning after December 15, 2012 with early adoption permitted. The adoption of this guidance, which is related to disclosure only, did not have a material impact on the Company's consolidated financial position, results of operations or cash flows.
	In February 2013, the FASB issued guidance clarifying the accounting and disclosure requirements for obligations resulting from joint and several liability arrangements for which the total amount under the arrangement is fixed at the reporting date. The new guidance is effective for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2013. The Company does not expect the adoption of this guidance to have a material impact on the Company's consolidated financial position, results of operations or cash flows.

Real_Estate_Investments_Tables

Real Estate Investments (Tables)	9 Months Ended
	Sep. 30, 2013
Real Estate [Abstract]	'
Schedule of Business Acquisitions, by Acquisition	'
	The following table presents the allocation of the assets acquired and liabilities assumed during the nine months ended September 30, 2013 and 2012:
			Nine Months Ended September 30,
	(Dollar amounts in thousands)		2013				2012
	Real estate investments, at cost:
	Land		$	15,757			$	2,887
	Buildings, fixtures and improvements		28,834			(1)	17,084
	Total tangible real estate investments		44,591				19,971
	Acquired intangibles:
	In-place leases		5,305				1,916
	Above-market lease assets		3,101				199
	Below market lease liabilities		(111		)		(504		)
	Total intangible real estate investments		8,295				1,611
	Land held for sale		564			(2)	—
	Total assets acquired, net		53,450				21,582
	Mortgage notes payable used to acquire real estate investments		(40,875		)		(16,200		)
	Other liabilities assumed		—				(184		)
	Cash paid for acquired real estate investments and land held for sale		$	12,575			$	5,198
	Number of properties purchased		1				1
	_____________________
	-1	Buildings, fixtures and improvements acquired during the nine months ended September 30, 2013 have been provisionally allocated pending receipt of the cost segregation analysis on such assets being prepared by a third party specialist.
	-2	During the nine months ended September 30, 2013, the Company assumed a purchase and sale agreement to sell an outparcel of land acquired in connection with the Tiffany Springs acquisition and recorded the asset, less estimated cost to dispose of the land, as land held for sale on the consolidated balance sheet
Schedule of Real Estate Properties	'
	The following table reflects the number and related purchase prices of properties acquired during the year ended December 31, 2012 and the nine months ended September 30, 2013:
	Portfolio		Number of Properties		Base Purchase Price (1)
					(In thousands)
	Year ended December 31, 2012		2		$	54,182
	Nine months ended September 30, 2013		1		53,450
	Total portfolio as of September 30, 2013		3		$	107,632
	_____________________
	-1	Contract purchase price, excluding acquisition related costs.
Business Acquisition, Pro Forma Information	'
	The following table presents unaudited pro forma information as if the acquisition during the nine months ended September 30, 2013 had been consummated on January 1, 2012. Additionally, the unaudited pro forma net loss was adjusted to reclassify acquisition and transaction related expense $0.9 million for the nine months ended September 30, 2013 to the nine months ended September 30, 2012:
			Nine Months Ended September 30,
	(In thousands)		2013				2012
	Pro forma revenues		$	9,952			$	6,186
	Pro forma net loss		$	(2,684	)		$	(2,117	)
Schedule of Future Minimum Rental Payments for Operating Leases	'
	The following table presents future minimum base rent cash payments due to the Company subsequent to September 30, 2013.  These amounts exclude contingent rent payments, as applicable, that may be collected from certain tenants based on provisions related to sales thresholds and increases in annual rent based on exceeding certain economic indexes among other items:
	(In thousands)		Future Minimum
			Base Rent Payments
	October 1, 2013 to December 31, 2013		$	2,143
	2014		8,256
	2015		7,864
	2016		7,488
	2017		7,205
	Thereafter		11,105
			$	44,061
Schedule of Annualized Rental Income by Major Tenants	'
	The following table lists the tenants whose annualized rental income on a straight-line basis represented greater than 10% of total annualized rental income for all portfolio properties on a straight-line basis as of September 30, 2013 and 2012:
	Tenant		September 30, 2013		September 30, 2012
	Toys "R" Us - Delaware, Inc.		10.50%		*
	Ross Stores, Inc.		*		18.10%
	PetSmart, Inc.		*		15.60%
	____________________________
	*	Tenant's annualized rental income on a straight-line basis was not greater than 10% of total annualized rental income on a straight-line basis for all portfolio properties as of the period specified.
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas	'
	The following table lists the states where the Company has concentrations of properties where annualized rental income on a straight-line basis represented greater than 10% of consolidated annualized rental income on a straight-line basis as of September 30, 2013 and 2012:
	State		September 30, 2013		30-Sep-12
	Missouri		47.80%		*
	Texas		52.20%		100.00%
	____________________________
	*	State's annualized rental income on a straight-line basis was not greater than 10% of total annualized rental income for all portfolio properties as of the period specified.

Mortgage_Notes_Payable_Tables

Mortgage Notes Payable (Tables)	9 Months Ended
	Sep. 30, 2013
Debt Disclosure [Abstract]	'
Schedule of Long-term Debt Instruments	'
	The Company's mortgage notes payable as of September 30, 2013 and December 31, 2012 consists of the following:
					Outstanding Loan Amount as of				Effective Interest Rate as of
	Portfolio				September 30,		December 31,		September 30,			31-Dec-12			Interest Rate		Maturity Date
					2013		2012		2013
					(In thousands)		(In thousands)
	Liberty Crossing - Original Loan (1) (2)		—		$	—	$	16,200	—	%		5.58	%		Variable		Refinanced in June 2013
	Liberty Crossing - Refinanced Loan (1) (3)		1		11,000		—		4.66	%		—	%		Fixed		Jul. 2018
	San Pedro Crossing - Senior Loan (1)		1		17,985		17,985		3.79	%		3.79	%		Fixed		Jan. 2018
	San Pedro Crossing - Mezzanine Loan (1) (4)		—		—		6,540		—	%		10.14	%		Fixed		Fully paid down in May 2013
	Tiffany Springs (1) (5)		1		40,875		—		4.44	%		—	%		Fixed	(6)	Oct. 2018
	Total		3		$	69,860	$	40,725	4.31	%	(7)	5.52	%	(7)
	_________________________________
	-1	Payments and obligations pursuant to these mortgage agreements were or are guaranteed by AR Capital, LLC, the entity that wholly owns the Company's Sponsor.
	-2	This mortgage note payable encumbered the Liberty Crossing property and bore interest at (i) the greater of (A) 0.5%, or (B) one-month LIBOR with respect to Eurodollar rate loans, plus (ii) a margin of 5.0%. The mortgage note payable required monthly interest-only payments. The Company refinanced the Liberty Crossing property in June 2013 and replaced this mortgage note payable with the "Liberty Crossing - Refinanced Loan."
	-3	The Company entered into this mortgage agreement on June 28, 2013.
	-4	The mezzanine loan encumbered the San Pedro Crossing property. The mezzanine loan bore interest at a fixed rate of 10.0%. The Company fully paid down the mezzanine loan during the second quarter of 2013.
	-5	The Company entered into this mortgage agreement on September 26, 2013.
	-6	Fixed as a result of entering into a swap agreement.
	-7	Calculated on a weighted-average basis for all mortgages outstanding as of September 30, 2013 and December 31, 2012.
Schedule of Maturities of Long-term Debt	'
	The following table summarizes the scheduled aggregate principal payments for the Company's mortgage notes payable subsequent to September 30, 2013:
	(In thousands)		Future Principal Payments
	October 1, 2013 to December 31, 2013		$	—
	2014		2,422
	2015		3,102
	2016		442
	2017		442
	Thereafter		63,452
			$	69,860

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2013
Fair Value Disclosures [Abstract]	'
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	'
	The following table presents information about the Company's assets and liabilities (including derivatives that are presented net) measured at fair value on a recurring basis as of September 30, 2013, aggregated by the level in the fair value hierarchy within which those instruments fall. There were no assets or liabilities measured at fair value on a recurring basis as of December 31, 2012:
	(In thousands)	Quoted Prices				Significant Other				Significant				Total
		in Active				Observable				Unobservable
		Markets				Inputs				Inputs
		Level 1				Level 2				Level 3
	Interest rate swaps	$	—			$	(337	)		$	—			$	(337	)
Fair Value, by Balance Sheet Grouping	'
	The fair values of the Company's remaining financial instruments that are not reported at fair value on the consolidated balance sheets are reported below:
				Carrying Amount at				Fair Value at				Carrying Amount at				Fair Value at
	(In thousands)	Level		September 30, 2013				September 30, 2013				December 31, 2012				December 31, 2012
	Mortgage notes payable	3		$	69,860			$	69,585			$	40,725			$	41,007
	Notes payable	3		$	3,000			$	3,045			$	7,235			$	7,265

Derivatives_and_Hedging_Activi1

Derivatives and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Schedule of Interest Rate Derivatives	'
	As of September 30, 2013, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk. There were no derivative instruments as of December 31, 2012:
	Interest Rate Derivative	Number of		Notional Amount
		Instruments
				(In thousands)
	Interest Rate Swap	1		$	34,098
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	'
	The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the consolidated balance sheet as of September 30, 2013. There were no derivative instruments as of December 31, 2012:
	(In thousands)	Balance Sheet Location		September 30, 2013
	Derivatives designated as hedging instruments:
	Interest Rate Swaps	Derivatives, at fair value		$	(337	)
Derivative Instruments, Gain (Loss)	'
	The table below details the location in the consolidated financial statements of the gain or loss recognized on interest rate derivatives designated as cash flow hedges for the three and nine months ended September 30, 2013. The Company had no active derivatives during the three and nine months ended September 30, 2012:
	(In thousands)	Three Months Ended September 30, 2013				Nine Months Ended September 30, 2013
	Amount of gain (loss) recognized in accumulated other comprehensive loss from interest rate derivatives (effective portion)	$	(338	)		$	(338	)
	Amount of gain (loss) reclassified from accumulated other comprehensive loss into income as interest expense (effective portion)	$	(1	)		$	(1	)
Offsetting Assets	'
	Offsetting Derivatives
	The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company's derivatives as of September 30, 2013. There were no derivative instruments as of December 31, 2012. The net amounts of derivative assets or liabilities can be reconciled to the tabular disclosure of fair value. The tabular disclosure of fair value provides the location that derivative assets and liabilities are presented on the accompanying balance sheets:
												Gross Amounts Not Offset on the Balance Sheet
	(In thousands)	Gross Amounts of Recognized Liabilities				Gross Amounts Offset on the Balance Sheet			Net Amounts of Liabilities presented on the Balance Sheet			Financial Instruments		Cash Collateral Received (Posted)		Net Amount
	September 30, 2013	$	(337	)		$	—		$	(337	)	$	—	$	—	$	(337	)

Common_Stock_Tables

Common Stock (Tables)	9 Months Ended
	Sep. 30, 2013
Schedule of Treasury Stock [Abstract]	'
Class of Treasury Stock	'
	The following table summarizes the number of shares repurchased under the Company's Share Repurchase Program cumulatively through September 30, 2013:
		Number of Requests	Number of Shares	Average Price per Share
	Cumulative repurchases as of December 31, 2012	—	—	$	—
	Nine Months Ended September 30, 2013	1	8,674	$	9.98
	Cumulative repurchase requests as of September 30, 2013	1	8,674	$	9.98

Related_Party_Transactions_and1

Related Party Transactions and Arrangements (Tables)	9 Months Ended
	Sep. 30, 2013
Related Party Transactions [Abstract]	'
Schedule of Selling Commissions and Dealer Manager Fees Payable to Affiliate	'
	The following table details total selling commissions and dealer manager fees incurred by the Company during the three and nine months ended September 30, 2013 and 2012 and payable to the Dealer Manager as of September 30, 2013 and December 31, 2012:
		Three Months Ended September 30,				Nine Months Ended September 30,				Payable as of
	(In thousands)	2013		2012		2013		2012		September 30, 2013		December 31, 2012
	Total commissions and fees from the Dealer Manager	$	1,376	$	120	$	3,530	$	192	$	28	$	—
Schedule Of Offering Costs Reimbursements to Related Party	'
	The following table details offering costs and reimbursements incurred during the three and nine months ended September 30, 2013 and 2012 and payable to the Advisor and Dealer Manager as of September 30, 2013 and December 31, 2012:
		Three Months Ended September 30,				Nine Months Ended September 30,				Payable as of
	(In thousands)	2013		2012		2013		2012		September 30, 2013		December 31, 2012
	Fees and expense reimbursements from the Advisor and Dealer Manager	$	198	$	398	$	1,110	$	1,210	$	4,415	$	3,533
Schedule of Amount Contractually Due and Forgiven in Connection With Operation Related Services	'
	The following table details amounts incurred and forgiven during the three and nine months ended September 30, 2013 and 2012 and amounts contractually due as of September 30, 2013 and December 31, 2012 in connection with the operations related services described above:
		Three Months Ended September 30,								Nine Months Ended September 30,								Payable as of
		2013				2012				2013				2012				September 30,		December 31,
	(In thousands)	Incurred		Forgiven		Incurred		Forgiven		Incurred		Forgiven		Incurred		Forgiven		2013		2012
	One-time fees and reimbursements:
	Acquisition fees and related cost reimbursements	$	802	$	—	$	—	$	—	$	802	$	—	$	324	$	—	$	802	$	820
	Financing coordination fees	409		—		—		—		409		—		162		—		409		407
	Ongoing fees:
	Asset management fees	—		—		—		37		—		18		—		45		—		—
	Property management and leasing fees	—		17		—		5		—		45		—		6		—		—
	Strategic advisory fees	220		—		—		—		514		—		—		—		514		—
	Total related party operation fees and reimbursements	$	1,431	$	17	$	—	$	42	$	1,725	$	63	$	486	$	51	$	1,725	$	1,227

ShareBased_Compensation_Tables

Share-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2013
Share-based Compensation [Abstract]	'
Schedule of Share-based Compensation, Stock Options, Activity	'
	The following table reflects restricted share award activity for the nine months ended September 30, 2013:
		Number of Shares of Restricted Stock		Weighted-Average Issue Price Per Share
	Unvested, December 31, 2012	13,800		$	9.35
	Granted	9,000		9
	Vested	(2,400	)	9.5
	Unvested, September 30, 2013	20,400		$	9.18

Net_Loss_Per_Share_Tables

Net Loss Per Share (Tables)	9 Months Ended
	Sep. 30, 2013
Earnings Per Share [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted	'
	The following is a summary of the basic and diluted net loss per share computation for the three and nine months ended September 30, 2013 and 2012:
		Three Months Ended September 30,						Nine Months Ended September 30,
		2013			2012			2013			2012
	Net loss (in thousands)	$	(1,510	)	$	(431	)	$	(3,613	)	$	(1,202	)
	Basic and diluted weighted-average shares outstanding	3,785,878			369,628			2,283,318			248,967
	Basic and diluted net loss per share	$	(0.40	)	$	(1.17	)	$	(1.58	)	$	(4.83	)

Subsequent_Events_Tables

Subsequent Events (Tables)	9 Months Ended
	Sep. 30, 2013
Subsequent Events [Abstract]	'
Schedule of Subsequent Events	'
	Total capital, including sales from common stock and proceeds from shares issued pursuant to the DRIP, net of common stock repurchases, raised to date is as follows:
	Source of Capital (In thousands)	Inception to September 30, 2013		October 1, 2013 to October 31, 2013		Total
	Common stock	$	46,480	$	8,590	$	55,070

Organization_Details

Organization (Details) (USD $)	29 Months Ended	38 Months Ended
In Millions, except Share data, unless otherwise specified	Dec. 31, 2012	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013	Mar. 17, 2011	Sep. 30, 2013	Mar. 17, 2011	Sep. 30, 2013	Dec. 31, 2012
		sqft	Minimum [Member]	Common Stock [Member]	Common Stock [Member]	Common Stock [Member]	Common Stock [Member]	Advisor [Member]	Advisor [Member]
		property				Minimum [Member]	Minimum [Member]	American Realty Capital Retail Advisor, LLC [Member]	American Realty Capital Retail Advisor, LLC [Member]
Operations [Line Items]	'	'	'	'	'	'	'	'	'
Shares available for issuance under initial public offering, shares	'	'	'	'	150,000,000	'	'	'	'
Common stock, par value, in dollars per share	$0.01	$0.01	'	'	$0.01	'	'	'	'
Shares issued or available for issuance under initial public offering, price per share	'	'	'	$10	$10	'	'	'	'
Shares available for issuance under a distribution reinvestment plan, shares	'	'	'	'	25,000,000	'	'	'	'
Shares issued or available for issuance under a distribution reinvestment plan, price per share	'	'	'	'	'	$9.50	$9.50	'	'
Percent of estimated value of a share of common stock	'	'	'	'	'	'	95.00%	'	'
Common stock, outstanding	834,118	4,748,083	'	'	'	'	'	'	'
Proceeds from Issuance of stock	$7.90	$46.50	'	'	'	'	'	'	'
Aggregate value of all issuances and subscriptions of common stock outstanding	'	47.2	'	'	'	'	'	'	'
Required occupancy rate for acquisition targets	'	'	80.00%	'	'	'	'	'	'
Number of real estate properties	'	3	'	'	'	'	'	'	'
Total real estate investments, at cost	'	$107.60	$20	'	'	'	'	'	'
Square Feet	'	500,000	'	'	'	'	'	'	'
Real Estate Property, Occupancy Rate	'	92.10%	'	'	'	'	'	'	'
Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest, Units	'	'	'	'	'	'	'	202	202

Real_Estate_Investments_Schedu

Real Estate Investments (Schedule of Real Estate Properties) (Details) (USD $)	9 Months Ended			12 Months Ended		38 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013		Sep. 30, 2012	Dec. 31, 2012		Sep. 30, 2013
	property		property	property		property
Real Estate Properties [Line Items]	'		'	'		'
Land	$15,757		$2,887	'		'
Buildings, fixtures and improvements	28,834	[1]	17,084	'		'
Total tangible real estate investments	44,591		19,971	'		'
Total intangible real estate investments	8,295		1,611	'		'
Land held for sale	-564	[2]	0	'		'
Total assets acquired, net	53,450		21,582	'		'
Mortgage notes payable used to acquire real estate investments	-40,875		-16,200	'		'
Other liabilities assumed	0		-184	'		'
Cash paid for acquired real estate investments and land held for sale	12,575		5,198	'		'
Number of Businesses Acquired	1		1	'		'
Number of Real Estate Properties Acquired	1		'	2		3
Business acquisition, cost of acquired entities throughout period, purchase price	53,450	[3]	'	54,182	[3]	107,632	[3]
Leases, Acquired-in-Place [Member]	'		'	'		'
Real Estate Properties [Line Items]	'		'	'		'
Acquired intagibles	5,305		1,916	'		'
Above Market Leases [Member]	'		'	'		'
Real Estate Properties [Line Items]	'		'	'		'
Acquired intagibles	3,101		199	'		'
Below Market Lease [Member]	'		'	'		'
Real Estate Properties [Line Items]	'		'	'		'
Acquired intagibles	($111)		($504)	'		'
[1]	Buildings, fixtures and improvements acquired during the nine months ended SeptemberB 30, 2013 have been provisionally allocated pending receipt of the cost segregation analysis on such assets being prepared by a third party specialist.
[2]	During the nine months ended SeptemberB 30, 2013, the Company assumed a purchase and sale agreement to sell an outparcel of land acquired in connection with the Tiffany Springs acquisition and recorded the asset, less estimated cost to dispose of the land, as land held for sale on the consolidated balance sheet
[3]	Contract purchase price, excluding acquisition related costs.

Real_Estate_Investments_Schedu1

Real Estate Investments (Schedule of Pro Forma Revenues and Net Income (Loss) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Real Estate [Abstract]	'	'	'	'
Acquisition and transaction related	$938	$16	$945	$387
Business Acquisition, Pro Forma Revenue	'	'	9,952	6,186
Business Acquisition, Pro Forma Net Income (Loss)	'	'	($2,684)	($2,117)

Real_Estate_Investments_Schedu2

Real Estate Investments (Schedule of Future Minimum Rental Payments for Operating Leases) (Details) (USD $)	Sep. 30, 2013
In Thousands, unless otherwise specified
Real Estate [Abstract]	'
October 1, 2013 to December 31, 2013	$2,143
2014	8,256
2015	7,864
2016	7,488
2017	7,205
Thereafter	11,105
Total	$44,061

Real_Estate_Investments_Schedu3

Real Estate Investments (Schedule of Annualized Rental Income by Major Tenants) (Details)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2012
	Toys R Us - Delaware, Inc. [Member]	Ross Stores, Inc. [Member]	PetSmart, Inc. [Member]
Revenue, Major Customer [Line Items]	'	'	'
Major tenant rental income, as a percentage of total annualized rental income	10.50%	18.10%	15.60%

Real_Estate_Investments_Schedu4

Real Estate Investments (Schedule of Revenue from External Customers and Long-Lived Assets, by Geographic Areas) (Details)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
MISSOURI	'	'
Revenues from External Customers and Long-Lived Assets [Line Items]	'	'
Entity Wide Revenue, Major State, Percentage	47.80%	'
TEXAS	'	'
Revenues from External Customers and Long-Lived Assets [Line Items]	'	'
Entity Wide Revenue, Major State, Percentage	52.20%	100.00%

Note_Payable_Details

Note Payable (Details) (USD $)	9 Months Ended				9 Months Ended				0 Months Ended	1 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012	Jun. 05, 2012	Sep. 30, 2013	Dec. 31, 2012	Jun. 05, 2012	Dec. 21, 2012	Sep. 27, 2013	31-May-13
					Notes Payable, Other Payables [Member]	Notes Payable, Other Payables [Member]	Notes Payable, Other Payables [Member]	American Realty Capital IV, LLC [Member]	American Realty Capital IV, LLC [Member]	American Realty Capital IV, LLC [Member]
							extension_options	Sponsor [Member]	Sponsor [Member]	Sponsor [Member]
									Notes Payable, Other Payables [Member]	Notes Payable, Other Payables [Member]
Debt Instrument [Line Items]	'	'	'	'	'	'	'	'	'	'
Note payable, face amount	'	'	'	$3,000,000	'	'	'	$4,200,000	'	'
Debt Instrument, Interest Rate, Stated Percentage	'	'	'	8.00%	'	'	'	6.00%	'	'
Number of extension options	'	'	'	'	'	'	2	'	'	'
Term of extension option	'	'	'	'	'1 year	'	'	'	'	'
Note Payable, Exit Fee as a Percentage Of Original Loan Amount	'	'	'	1.00%	'	'	'	'	'	'
Notes payable	3,000,000	'	7,235,000	'	3,000,000	3,000,000	'	'	'	'
Repayments of Notes Payable	$4,235,000	$0	'	'	'	'	'	'	$2,700,000	$1,500,000

Mortgage_Notes_Payable_Schedul

Mortgage Notes Payable (Schedule of Mortgage Notes Payable) (Details) (USD $)

Sep. 30, 2013

Dec. 31, 2012

Jun. 05, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Jun. 28, 2013

Jun. 27, 2013

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Apr. 30, 2013

Dec. 31, 2012

Jun. 28, 2013

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Mortgage Notes Payable [Member]

Mortgage Notes Payable [Member]

Mortgage Notes Payable [Member]

Mortgage Notes Payable [Member]

Option Two [Member]

Minimum [Member]

Senior Loans [Member]

Senior Loans [Member]

Mezzanine Mortgage [Member]

Mezzanine Mortgage [Member]

Mezzanine Mortgage [Member]

Original Loan [Member]

Original Loan [Member]

Original Loan [Member]

Refinanced Loan [Member]

Refinanced Loan [Member]

Tiffany Springs [Member]

Tiffany Springs [Member]

Mortgage Notes Payable [Member]

Option One [Member]

Mortgage Notes Payable [Member]

Mortgage Notes Payable [Member]

Mortgage Notes Payable [Member]

Mortgage Notes Payable [Member]

Mortgage Notes Payable [Member]

Mortgage Notes Payable [Member]

Mortgage Notes Payable [Member]

Mortgage Notes Payable [Member]

Mortgage Notes Payable [Member]

Mortgage Notes Payable [Member]

Liberty Crossing [Member]

Mortgage Notes Payable [Member]

San Pedro Crossing [Member]

San Pedro Crossing [Member]

San Pedro Crossing [Member]

San Pedro Crossing [Member]

San Pedro Crossing [Member]

Liberty Crossing [Member]

Liberty Crossing [Member]

Liberty Crossing [Member]

Liberty Crossing [Member]

Liberty Crossing [Member]

Liberty Crossing [Member]

Debt Instrument [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Encumbered Properties, in properties

'

'

'

3

'

1

[1],[2]

'

'

'

1

[2]

'

0

[2],[3]

'

'

'

0

[2],[4]

'

1

[2],[5]

'

Outstanding Loan Amount

$69,860,000

$40,725,000

'

$69,860,000

$40,725,000

$40,875,000

[1],[2]

$0

[1],[2]

'

'

$17,985,000

[2]

$17,985,000

[2]

$0

[2],[3]

'

$6,540,000

[2],[3]

'

$0

[2],[4]

$16,200,000

[2],[4]

$11,000,000

[2],[5]

$0

[2],[5]

Effective Interest Rate

'

'

'

4.31%

[6]

5.52%

[6]

4.44%

[1],[2]

0.00%

[1],[2]

'

'

3.79%

[2]

3.79%

[2]

0.00%

[2],[3]

'

10.14%

[2],[3]

'

0.00%

[2],[4]

5.58%

[2],[4]

4.66%

[2],[5]

0.00%

[2],[5]

Debt Instrument, Interest Rate, Stated Percentage

'

'

8.00%

'

'

'

'

'

0.50%

'

'

'

10.00%

'

'

'

'

'

'

Debt Instrument, Basis Spread on Variable Rate

'

'

'

'

'

'

'

5.00%

'

'

'

'

'

'

'

'

'

'

'

Write off of Deferred Debt Issuance Cost

'

'

'

'

'

'

'

'

'

'

'

'

'

'

74,000

'

'

'

'

Write Off of Penalties, Interest and Fees in Debt Extinguishment

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$56,000

'

'

'

'

[1]

The Company entered into this mortgage agreement on September 26, 2013.

[2]

Payments and obligations pursuant to these mortgage agreements were or are guaranteed by AR Capital, LLC, the entity that wholly owns the Company's Sponsor.

[3]

The mezzanine loan encumbered the San Pedro Crossing property. The mezzanine loan bore interest at a fixed rate of 10.0%. The Company fully paid down the mezzanine loan during the second quarter of 2013.

[4]

This mortgage note payable encumbered the Liberty Crossing property and bore interest at (i) the greater of (A) 0.5%, or (B) one-month LIBOR with respect to Eurodollar rate loans, plus (ii) a margin of 5.0%. The mortgage note payable required monthly interest-only payments. The Company refinanced the Liberty Crossing property in June 2013 and replaced this mortgage note payable with the "Liberty Crossing - Refinanced Loan."

[5]

The Company entered into this mortgage agreement on June 28, 2013.

[6]

Calculated on a weighted-average basis for all mortgages outstanding as of SeptemberB 30, 2013 and DecemberB 31, 2012.

Mortgage_Notes_Payable_Schedul1

Mortgage Notes Payable (Schedule Of Aggregate Future Principal Payments On Mortgage Notes Payable) (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Debt Instrument [Line Items]	'	'
Total	$69,860	$40,725
Mortgage Notes Payable [Member]	'	'
Debt Instrument [Line Items]	'	'
October 1, 2013 to December 31, 2013	0	'
2014	2,422	'
2015	3,102	'
2016	442	'
2017	442	'
Thereafter	63,452	'
Total	$69,860	$40,725

Fair_Value_of_Financial_Instru2

Fair Value of Financial Instruments Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Derivative Liability	($337)	$0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Rate Swap [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Derivative Liability	0	'
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Derivative Liability	-337	'
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Rate Swap [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Derivative Liability	0	'
Fair Value, Measurements, Recurring [Member] | Fair Value [Member] | Interest Rate Swap [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Derivative Liability	($337)	'

Fair_Value_of_Financial_Instru3

Fair Value of Financial Instruments (Fair Value, by Balance Sheet Grouping) (Details) (Fair Value, Inputs, Level 3 [Member], USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Mortgage Notes Payable [Member] | Carrying Amount [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Debt, fair value	$69,860	$40,725
Mortgage Notes Payable [Member] | Fair Value [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Debt, fair value	69,585	41,007
Notes Payable [Member] | Carrying Amount [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Debt, fair value	3,000	7,235
Notes Payable [Member] | Fair Value [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Debt, fair value	$3,045	$7,265

Derivatives_and_Hedging_Activi2

Derivatives and Hedging Activities (Details) (Designated as Hedging Instrument [Member], Interest Expense [Member], Cash Flow Hedging [Member], Interest Rate Swap [Member], USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013
Designated as Hedging Instrument [Member] | Interest Expense [Member] | Cash Flow Hedging [Member] | Interest Rate Swap [Member]	'
Derivative [Line Items]	'
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimate of Time to Transfer	'12 months
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred	$0.50

Derivatives_and_Hedging_Activi3

Derivatives and Hedging Activities Schedule of Interest Rate Derivatives (Details) (Designated as Hedging Instrument [Member], Cash Flow Hedging [Member], Swap [Member], USD $)	Sep. 30, 2013
In Thousands, unless otherwise specified	derivative
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Swap [Member]	'
Derivative [Line Items]	'
Number of Interest Rate Derivatives Held	1
Derivative, Notional Amount	$34,098

Derivatives_and_Hedging_Activi4

Derivatives and Hedging Activities Schedule of Derivative Instruments in Statement of Financial Position (Details) (Derivative Financial Instruments, Liabilities [Member], Designated as Hedging Instrument [Member], Cash Flow Hedging [Member], Interest Rate Swap [Member], USD $)	Sep. 30, 2013
In Thousands, unless otherwise specified
Derivative Financial Instruments, Liabilities [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Interest Rate Swap [Member]	'
Derivative [Line Items]	'
Interest Rate Derivative Liabilities, at Fair Value	$337

Derivatives_and_Hedging_Activi5

Derivatives and Hedging Activities Derivative Instruments, Gain (Loss) (Details) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Amount of gain (loss) recognized in accumulated other comprehensive loss from interest rate derivatives (effective portion)	($337)	$0	($337)	$0
Interest Rate Swap [Member] | Cash Flow Hedging [Member]	'	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Amount of gain (loss) recognized in accumulated other comprehensive loss from interest rate derivatives (effective portion)	-338	'	-338	'
Interest Rate Swap [Member] | Interest Expense [Member] | Cash Flow Hedging [Member]	'	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Amount of gain (loss) reclassified from accumulated other comprehensive loss into income as interest expense (effective portion)	($1)	'	($1)	'

Derivatives_and_Hedging_Activi6

Derivatives and Hedging Activities Schedule of Offsetting Liabilities (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'	'
Derivatives, at fair value	($337)	'
Derivative, Collateral, Obligation to Return Cash	0	'
Derivative Liability	-337	0
Obligation to Return Securities Received as Collateral	0	'
Derivative Fair Value of Derivative Liability Amount Offset Against Collaterial	($337)	'

Common_Stock_Details

Common Stock (Details) (USD $)	24 Months Ended	29 Months Ended	38 Months Ended	9 Months Ended	29 Months Ended	38 Months Ended
In Millions, except Share data, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2013	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2013
				Approved [Member]	Approved [Member]	Approved [Member]
Class of Stock [Line Items]	'	'	'	'	'	'
Common stock, shares outstanding	4,748,083	834,118	4,748,083	'	'	'
Proceeds from Issuance of stock	'	$7.90	$46.50	'	'	'
Dividends declared per day, in dollars per share	$0.00	'	'	'	'	'
Common Stock, Dividends, Per Share, Declared	$0.64	'	'	'	'	'
Number of Share Repurchase Requests	'	'	'	1	0	1
Stock Repurchased During Period, Shares	'	'	'	8,674	0	8,674
Treasury Stock Acquired, Average Cost Per Share	'	'	'	$9.98	$0	$9.98

Related_Party_Transactions_and2

Related Party Transactions and Arrangements (Details) (USD $)

9 Months Ended

38 Months Ended

3 Months Ended

9 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

0 Months Ended

1 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Jun. 05, 2012

Sep. 30, 2013

Sep. 30, 2013

Dec. 31, 2012

Dec. 21, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 27, 2013

31-May-13

Maximum [Member]

Sponsor and Entity Wholly Owned by Sponsor [Member]

Sponsor and Entity Wholly Owned by Sponsor [Member]

Sponsor [Member]

Advisor and Dealer Manager [Member]

Advisor and Dealer Manager [Member]

Advisor and Dealer Manager [Member]

Advisor and Dealer Manager [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Dealer Manager [Member]

Dealer Manager [Member]

Dealer Manager [Member]

Dealer Manager [Member]

Dealer Manager [Member]

Dealer Manager [Member]

Payable [Member]

Payable [Member]

Payable [Member]

Payable [Member]

Notes Payable, Other Payables [Member]

Notes Payable, Other Payables [Member]

American Realty Capital IV, LLC and American Realty Capital Retail Special Limited Partnership, LLC [Member]

American Realty Capital IV, LLC and American Realty Capital Retail Special Limited Partnership, LLC [Member]

American Realty Capital IV, LLC [Member]

Fees and Expense Reimbursement, Stock Offering [Member]

Fees and Expense Reimbursement, Stock Offering [Member]

Fees and Expense Reimbursement, Stock Offering [Member]

Fees and Expense Reimbursement, Stock Offering [Member]

American Realty Capital Retail Advisor, LLC [Member]

American Realty Capital Retail Advisor, LLC [Member]

American Realty Capital Retail Advisor, LLC [Member]

American Realty Capital Retail Advisor, LLC [Member]

American Realty Capital Retail Advisor, LLC [Member]

American Realty Capital Retail Advisor, LLC [Member]

American Realty Capital Retail Advisor, LLC [Member]

American Realty Capital Retail Advisor, LLC [Member]

American Realty Capital Retail Advisor, LLC [Member]

American Realty Capital Retail Advisor, LLC [Member]

American Realty Capital Retail Advisor, LLC [Member]

American Realty Capital Retail Advisor, LLC [Member]

American Realty Capital Retail Advisor, LLC [Member]

American Realty Capital Retail Advisor, LLC [Member]

American Realty Capital Retail Advisor, LLC [Member]

American Realty Capital Retail Advisor, LLC [Member]

Absorbed General and Administrative Expenses [Member]

Absorbed General and Administrative Expenses [Member]

Absorbed General and Administrative Expenses [Member]

Property operating expenses absorbed [Member]

Property operating expenses absorbed [Member]

Brokerage Commission Fees [Member]

Real Estate Commissions [Member]

Annual Targeted Investor Return [Member]

Realty Capital Securities, LLC [Member]

Realty Capital Securities, LLC [Member]

Sales Commissions and Dealer Manager Fees [Member]

Sales Commissions and Dealer Manager Fees [Member]

Sales Commissions and Dealer Manager Fees [Member]

Sales Commissions and Dealer Manager Fees [Member]

Advisor and Dealer Manager [Member]

Advisor and Dealer Manager [Member]

Dealer Manager [Member]

Dealer Manager [Member]

Sponsor [Member]

Sponsor [Member]

American Realty Capital Retail Advisor, LLC and Realty Capital Securities LLC [Member]

American Realty Capital Retail Advisor, LLC and Realty Capital Securities LLC [Member]

American Realty Capital Retail Advisor, LLC and Realty Capital Securities LLC [Member]

American Realty Capital Retail Advisor, LLC and Realty Capital Securities LLC [Member]

Contract Purchase Price [Member]

Contract Purchase Price [Member]

Advance on Loan or Other Investment [Member]

Amount Available or Outstanding Under Financing Arrangement [Member]

Average Invested Assets [Member]

Average Invested Assets [Member]

Average Invested Assets [Member]

Gross Revenue, Stand-alone Single-tenant Net Leased Properties [Member]

Gross Revenue, Excluding Stand-alone Single-tenant Net Leased Properties [Member]

Gross Revenue, Managed Properties [Member]

Hard Costs Of Construction, Renovation and/or Tenant Finish-out [Member]

Net Income, Excluding Additions to Non-cash Reserves and Gains on Sales of Assets [Member]

Net Sale Proceeds, after Return of Capital Contributions and Annual Targeted Investor Return [Member]

Excess of Adjusted Market Value of Real Estate Assets Plus Distributions Over Aggregate Contributed Investor Capital [Member]

American Realty Capital Retail Advisor, LLC [Member]

American Realty Capital Retail Advisor, LLC [Member]

American Realty Capital Retail Advisor, LLC [Member]

American Realty Capital Retail Advisor, LLC [Member]

American Realty Capital Retail Advisor, LLC [Member]

American Realty Capital Retail Advisor, LLC [Member]

American Realty Capital Retail Advisor, LLC [Member]

American Realty Capital Retail Advisor, LLC [Member]

Gross Proceeds, Initial Public Offering [Member]

Gross Proceeds, Common Stock [Member]

Realty Capital Securities, LLC [Member]

Realty Capital Securities, LLC [Member]

Realty Capital Securities, LLC [Member]

Realty Capital Securities, LLC [Member]

Fees and Expense Reimbursement, Stock Offering [Member]

Fees and Expense Reimbursement, Stock Offering [Member]

Sales Commissions and Dealer Manager Fees [Member]

Sales Commissions and Dealer Manager Fees [Member]

American Realty Capital IV, LLC [Member]

American Realty Capital IV, LLC [Member]

Maximum [Member]

Maximum [Member]

Maximum [Member]

Maximum [Member]

Maximum [Member]

Contract Sales Price [Member]

Contract Sales Price [Member]

Pre-tax Non-compounded Return on Capital Contribution [Member]

Maximum [Member]

Maximum [Member]

American Realty Capital Retail Advisor, LLC and Realty Capital Securities LLC [Member]

American Realty Capital Retail Advisor, LLC and Realty Capital Securities LLC [Member]

Realty Capital Securities, LLC [Member]

Realty Capital Securities, LLC [Member]

Greater Of [Member]

Greater Of [Member]

Maximum [Member]

Maximum [Member]

Related Party Transaction [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Operating Partnership Units Held By Related Party

'

'

'

'

'

242,222

242,222

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest, Units

'

'

'

'

'

'

'

'

'

'

'

'

202

202

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Face Amount

'

'

'

$3,000,000

'

'

'

$4,200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Repayments of Notes Payable

4,235,000

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,700,000

1,500,000

Related Party Transaction Sales Commissions Earned by Related Percentage of Benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

7.00%

'

'

'

'

'

'

'

'

'

'

'

Sales commissions as a percentage of benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3.00%

'

'

'

'

'

'

'

'

'

'

Fees paid to related parties

'

'

'

'

'

'

'

'

198,000

398,000

1,110,000

1,210,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,376,000

120,000

3,530,000

192,000

4,415,000

3,533,000

28,000

0

'

'

Liability for offering and related costs from IPO

'

'

'

'

1.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate costs borne by related party

'

'

'

'

'

'

'

'

'

'

'

'

7,400,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cumulative offering cost cap

'

'

'

'

15.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cumulative offering costs, net of unpaid amounts

'

'

12,200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Acquisition fees as a percentage of benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Financing advance fees as a percentage of benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.50%

'

1.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate acquisition fees and acquisition related expenses as a percentage of benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Acquisition and financing coordination fees as a percentage of benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Financing coordination as a percentage of benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Asset management fees as a percentage of benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.75%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate asset management and oversight fees as a percentage of benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.75%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cumulative capital investment return to investors as a percentage of benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

7.00%

'

'

'

'

'

'

'

'

'

'

'

'

Related Party Transaction, Quarterly Asset Management Fee Earned By Related Party, Percentage of Benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.19%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Property management fees as a percentage of benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.00%

4.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Oversight fees as a percentage of benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Construction, renovation or tenant finish-out as a percentage of benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Related Party Transaction, Operating Expenses as a Percentage of Benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.00%

'

'

'

'

25.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Related Party Transaction, Amounts of Transaction

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$200,000

$700,000

$100,000

$41,000

$44,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Real estate commissions as a percentage of benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.00%

6.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

Related Party Transaction, Subordinated Participation Fee Earned by Related Party, Percentage of Benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

15.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Related Party Transaction, Repayment of Capital Committed, as a Percentage

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100.00%

'

'

'

'

'

'

'

'

'

'

'

'

Subordinated incentive listing distribution as a percentage of the benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

15.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Related_Party_Transactions_and3

Related Party Transactions and Arrangements (Schedule of Amount Contractually Due and Forgiven in Connection With Operation Related Services) (Details) (USD $)

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

In Thousands, unless otherwise specified

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Dec. 31, 2012

Acquisition and Related Expenses [Member]

Acquisition and Related Expenses [Member]

Acquisition and Related Expenses [Member]

Acquisition and Related Expenses [Member]

Acquisition and Related Expenses [Member]

Acquisition and Related Expenses [Member]

Acquisition and Related Expenses [Member]

Acquisition and Related Expenses [Member]

Acquisition and Related Expenses [Member]

Acquisition and Related Expenses [Member]

Financing Coordination Fees [Member]

Financing Coordination Fees [Member]

Financing Coordination Fees [Member]

Financing Coordination Fees [Member]

Financing Coordination Fees [Member]

Financing Coordination Fees [Member]

Financing Coordination Fees [Member]

Financing Coordination Fees [Member]

Financing Coordination Fees [Member]

Financing Coordination Fees [Member]

Asset Management Fees [Member]

Asset Management Fees [Member]

Asset Management Fees [Member]

Asset Management Fees [Member]

Asset Management Fees [Member]

Asset Management Fees [Member]

Asset Management Fees [Member]

Asset Management Fees [Member]

Asset Management Fees [Member]

Asset Management Fees [Member]

Property Management and Leasing Fees [Member]

Property Management and Leasing Fees [Member]

Property Management and Leasing Fees [Member]

Property Management and Leasing Fees [Member]

Property Management and Leasing Fees [Member]

Property Management and Leasing Fees [Member]

Property Management and Leasing Fees [Member]

Property Management and Leasing Fees [Member]

Property Management and Leasing Fees [Member]

Property Management and Leasing Fees [Member]

Strategic Advisory Fees [Member]

Strategic Advisory Fees [Member]

Strategic Advisory Fees [Member]

Strategic Advisory Fees [Member]

Strategic Advisory Fees [Member]

Strategic Advisory Fees [Member]

Strategic Advisory Fees [Member]

Strategic Advisory Fees [Member]

Strategic Advisory Fees [Member]

Strategic Advisory Fees [Member]

Operation Fees and Reimbursements [Member]

Operation Fees and Reimbursements [Member]

Operation Fees and Reimbursements [Member]

Operation Fees and Reimbursements [Member]

Operation Fees and Reimbursements [Member]

Operation Fees and Reimbursements [Member]

Operation Fees and Reimbursements [Member]

Operation Fees and Reimbursements [Member]

Operation Fees and Reimbursements [Member]

Operation Fees and Reimbursements [Member]

Incurred [Member]

Incurred [Member]

Incurred [Member]

Incurred [Member]

Forgiven [Member]

Forgiven [Member]

Forgiven [Member]

Forgiven [Member]

Payable [Member]

Payable [Member]

Incurred [Member]

Incurred [Member]

Incurred [Member]

Incurred [Member]

Forgiven [Member]

Forgiven [Member]

Forgiven [Member]

Forgiven [Member]

Payable [Member]

Payable [Member]

Incurred [Member]

Incurred [Member]

Incurred [Member]

Incurred [Member]

Forgiven [Member]

Forgiven [Member]

Forgiven [Member]

Forgiven [Member]

Payable [Member]

Payable [Member]

Incurred [Member]

Incurred [Member]

Incurred [Member]

Incurred [Member]

Forgiven [Member]

Forgiven [Member]

Forgiven [Member]

Forgiven [Member]

Payable [Member]

Payable [Member]

Incurred [Member]

Incurred [Member]

Incurred [Member]

Incurred [Member]

Forgiven [Member]

Forgiven [Member]

Forgiven [Member]

Forgiven [Member]

Payable [Member]

Payable [Member]

Incurred [Member]

Incurred [Member]

Incurred [Member]

Incurred [Member]

Forgiven [Member]

Forgiven [Member]

Forgiven [Member]

Forgiven [Member]

Payable [Member]

Payable [Member]

One-Time Fees [Member]

One-Time Fees [Member]

One-Time Fees [Member]

One-Time Fees [Member]

One-Time Fees [Member]

One-Time Fees [Member]

One-Time Fees [Member]

One-Time Fees [Member]

One-Time Fees [Member]

One-Time Fees [Member]

One-Time Fees [Member]

One-Time Fees [Member]

One-Time Fees [Member]

One-Time Fees [Member]

One-Time Fees [Member]

One-Time Fees [Member]

One-Time Fees [Member]

One-Time Fees [Member]

One-Time Fees [Member]

One-Time Fees [Member]

Ongoing Fees [Member]

Ongoing Fees [Member]

Ongoing Fees [Member]

Ongoing Fees [Member]

Ongoing Fees [Member]

Ongoing Fees [Member]

Ongoing Fees [Member]

Ongoing Fees [Member]

Ongoing Fees [Member]

Ongoing Fees [Member]

Ongoing Fees [Member]

Ongoing Fees [Member]

Ongoing Fees [Member]

Ongoing Fees [Member]

Ongoing Fees [Member]

Ongoing Fees [Member]

Ongoing Fees [Member]

Ongoing Fees [Member]

Ongoing Fees [Member]

Ongoing Fees [Member]

Ongoing Fees [Member]

Ongoing Fees [Member]

Ongoing Fees [Member]

Ongoing Fees [Member]

Ongoing Fees [Member]

Ongoing Fees [Member]

Ongoing Fees [Member]

Ongoing Fees [Member]

Ongoing Fees [Member]

Ongoing Fees [Member]

Related Party Transaction [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Related party operation fees and reimbursements

$802

$0

$802

$324

$0

$0

$0

$0

$802

$820

$409

$0

$409

$162

$0

$0

$0

$0

$409

$407

$0

$0

$0

$0

$0

$37

$18

$45

$0

$0

$0

$0

$0

$0

$17

$5

$45

$6

$0

$0

$220

$0

$514

$0

$0

$0

$0

$0

$514

$0

$1,431

$0

$1,725

$486

$17

$42

$63

$51

$1,725

$1,227

ShareBased_Compensation_Detail

Share-Based Compensation (Details) (USD $)	3 Months Ended		9 Months Ended		38 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	'	'	'5 years	'	'
Stock Options [Member] | Stock Option Plan [Member]	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'
Options, fixed exercise price, in dollars per share	$10	'	$10	'	10
Number of shares authorized, in shares	500,000	'	500,000	'	500,000
Restricted Stock [Member] | Restricted Share Plan [Member]	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'
Number of shares authorized, in shares	7,500,000	'	7,500,000	'	7,500,000
Shares granted automatically upon election to board of directors, in shares	3,000	'	3,000	'	3,000
Periodic vesting percentage	20.00%	'	20.00%	'	20.00%
Maximum authorized amount as a percentage of shares authorized	'	'	'	'	5.00%
Share based compensation	$12,000	$9,000	$27,000	$13,000	'
Contract Purchase Price [Member] | Maximum [Member] | Restricted Stock [Member] | Restricted Share Plan [Member]	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'
Fair Value of Restricted Share Grants	6.00%	'	6.00%	'	6.00%
Disposition Fees [Member] | Maximum [Member] | Restricted Stock [Member] | Restricted Share Plan [Member]	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'
Fair Value of Restricted Share Grants	3.00%	'	3.00%	'	3.00%
Pre-tax Non-compounded Return on Capital Contribution [Member] | Maximum [Member] | Restricted Stock [Member] | Restricted Share Plan [Member]	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'
Fair Value of Restricted Share Grants	6.00%	'	6.00%	'	6.00%
Advisor [Member] | Net Sale Proceeds, after Return of Capital Contributions and Annual Targeted Investor Return [Member] | American Realty Capital Retail Advisor, LLC [Member]	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'
Related Party Transaction, Subordinated Participation Fee Earned by Related Party, Percentage of Benchmark	15.00%	'	15.00%	'	15.00%
Greater Of [Member] | Advisor [Member] | Average Invested Assets [Member] | American Realty Capital Retail Advisor, LLC [Member] | Maximum [Member]	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'
Related Party Transaction, Operating Expenses as a Percentage of Benchmark	2.00%	'	2.00%	'	2.00%
Greater Of [Member] | Advisor [Member] | Net Income, Excluding Additions to Non-cash Reserves and Gains on Sales of Assets [Member] | American Realty Capital Retail Advisor, LLC [Member] | Maximum [Member]	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'
Related Party Transaction, Operating Expenses as a Percentage of Benchmark	25.00%	'	25.00%	'	25.00%

ShareBased_Compensation_Restri

Share-Based Compensation Restricted Stock Activity (Details) (Restricted Share Plan [Member], Restricted Stock [Member], USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2013
Restricted Share Plan [Member] | Restricted Stock [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Intrinsic Value [Roll Forward]	'	'
Unvested, Number of Common Shares, in shares	13,800	20,400
Unvested, Weighted Average Issue Price, in dollars per share	$9.35	$9.18
Granted, Number of Common Shares, in shares	9,000	'
Granted, Weighted Average Issue Price, in dollars per share	$9	'
Vested, Number of Common Shares, in shares	-2,400	'
Vested, Weighted-Average Issue Price, in dollars per share	$9.50	'

Net_Loss_Per_Share_Details

Net Loss Per Share (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Dec. 31, 2012
					Restricted Stock [Member]	Restricted Stock [Member]	Advisor [Member]	Advisor [Member]
							American Realty Capital Retail Advisor, LLC [Member]	American Realty Capital Retail Advisor, LLC [Member]
Earnings Per Share, Basic and Diluted, by Common Class, Including Two Class Method [Line Items]	'	'	'	'	'	'	'	'
Net loss attributable to stockholders	($1,510)	($431)	($3,613)	($1,202)	'	'	'	'
Weighted average common shares outstanding, in shares	3,785,878	369,628	2,283,318	248,967	'	'	'	'
Net loss per share attributable to stockholders, basic and diluted, in dollars per share	($0.40)	($1.17)	($1.58)	($4.83)	'	'	'	'
Antidilutive securities excluded from computation of earnings per share	'	'	'	'	20,400	16,800	'	'
Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest, Units	'	'	'	'	'	'	202	202

Subsequent_Events_Details

Subsequent Events (Details) (USD $)	9 Months Ended				0 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012	Oct. 31, 2013	Oct. 29, 2013	Sep. 30, 2013	Mar. 17, 2011	Oct. 31, 2013
				Subsequent Event [Member]	Mortgage Notes Payable [Member]	Common Stock	Common Stock	Common Stock
					Tiffany Springs [Member]			Subsequent Event [Member]
					Subsequent Event [Member]
Subsequent Event [Line Items]	'	'	'	'	'	'	'	'
Common stock, shares outstanding	4,748,083	'	834,118	5,600,000	'	'	'	'
Aggregate value of all issuances and subscriptions of common stock outstanding	$47,200,000	'	'	$56,000,000	'	'	'	'
Per share value, in dollars per share	'	'	'	'	'	$10	$10	$10
Share Price, Dividend Reinvestment Plan	'	'	'	'	'	'	'	$9.50
Repayments of Secured Debt	$22,740,000	$0	'	'	$5,700,000	'	'	'

Subsequent_Events_Schedule_of_

Subsequent Events (Schedule of Subsequent Events) (Details) (Common Stock [Member], USD $)	9 Months Ended	1 Months Ended	38 Months Ended	39 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Oct. 31, 2013	Sep. 30, 2013	Oct. 31, 2013
		Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]
Subsequent Event [Line Items]	'	'	'	'
Issuances of common stock	$39	$8,590	$46,480	$55,070