American Realty Capital - Retail Centers Of America 10-K 11 Mar 14 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
In Millions, except Share data, unless otherwise specified	Dec. 31, 2013	Oct. 31, 2013	Jun. 30, 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-K	'	'
Document Period End Date	31-Dec-13	'	'
Document Fiscal Year Focus	'2013	'	'
Document Fiscal Period Focus	'FY	'	'
Amendment Flag	'false	'	'
Entity Common Stock, Shares Outstanding	'	15,471,721	'
Entity Well-known Seasoned Issuer	'No	'	'
Entity Voluntary Filers	'No	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Public Float	'	'	$30.10

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Real estate investments, at cost:	'	'
Land	$28,192	$12,435
Buildings, fixtures and improvements	62,702	33,957
Acquired intangible lease assets	16,599	8,665
Total real estate investments, at cost	107,493	55,057
Less: accumulated depreciation and amortization	-6,097	-1,143
Total real estate investments, net	101,396	53,914
Cash and cash equivalents	13,295	278
Restricted cash	1,018	327
Prepaid expenses and other assets	2,272	563
Deferred costs, net	1,397	642
Land held for sale	564	0
Total assets	119,942	55,724
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	'	'
Mortgage notes payable	63,083	40,725
Notes payable	0	7,235
Below-market lease liabilities, net	912	858
Derivatives, at fair value	98	0
Accounts payable and accrued expenses	8,211	8,033
Deferred rent and other liabilities	382	148
Distributions payable	375	47
Total liabilities	73,061	57,046
Preferred stock, $0.01 par value per share, 50,000,000 authorized, none issued or outstanding at December 31, 2013 and 2012	0	0
Common stock, $0.01 par value per share, 300,000,000 shares authorized, 7,253,833 and 834,118 shares issued and outstanding at December 31, 2013 and 2012, respectively	72	8
Additional paid-in capital	56,384	1,372
Accumulated other comprehensive loss	-98	0
Accumulated deficit	-9,477	-2,702
Total stockholders' equity (deficit)	46,881	-1,322
Total liabilities and stockholders' equity (deficit)	$119,942	$55,724

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Preferred stock, par value	$0.01	$0.01
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	300,000,000	300,000,000
Common Stock, shares issued	7,253,833	834,118
Common Stock, shares outstanding	7,253,833	834,118

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Revenues:	'	'	'
Rental income	$5,406	$990	$0
Operating expense reimbursements	1,755	276	0
Total revenues	7,161	1,266	0
Operating expenses:	'	'	'
Property operating	2,337	295	0
Acquisition and transaction related	978	987	0
General and administrative	457	245	313
Depreciation and amortization	5,202	1,108	0
Total operating expenses	8,974	2,635	313
Operating loss	-1,813	-1,369	-313
Other expenses:	'	'	'
Interest expense	-2,761	-833	0
Extinguishment of debt	130	0	0
Total other expenses	-2,891	-833	0
Net loss	-4,704	-2,202	-313
Other comprehensive loss:	'	'	'
Designated derivatives, fair value adjustment	-98	0	0
Comprehensive loss	($4,802)	($2,202)	($313)
Basic and diluted weighted-average shares outstanding	3,216,903	358,267	21,000
Basic and diluted net loss per share	($1.46)	($6.15)	'

CONSOLIDATED_STATEMENT_OF_STOC

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT) (USD $)

12 Months Ended

12 Months Ended

12 Months Ended

12 Months Ended

12 Months Ended

In Thousands, except Share data, unless otherwise specified

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Common Stock

Common Stock

Common Stock

Common Stock

Additional Paid-in Capital

Additional Paid-in Capital

Additional Paid-in Capital

Additional Paid-in Capital

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

Accumulated Deficit

Accumulated Deficit

Accumulated Deficit

Accumulated Deficit

Total Stockholders' Equity (Deficit)

Total Stockholders' Equity (Deficit)

Total Stockholders' Equity (Deficit)

Total Stockholders' Equity (Deficit)

Balance (in shares)

7,253,833

834,118

33,056

20,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Balance

$72

$8

$0

$0

$56,384

$1,372

($3,406)

$200

($98)

$0

$0

($9,477)

($2,702)

($313)

$0

$46,881

($1,322)

($3,719)

$200

Common stock offering costs, commissions and dealer manager fees

'

'

'

'

-8,309

-2,919

-3,659

'

'

'

'

'

'

'

'

-8,309

-2,919

-3,659

'

Share-based compensation, net of forfeitures (in shares)

9,000

6,000

13,056

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share-based compensation, net of forfeitures

'

'

'

'

38

15

51

'

'

'

'

'

'

'

'

38

15

51

'

Contribution from Advisor

'

'

'

'

'

'

2

'

'

'

'

'

'

'

'

'

'

2

'

Net loss

'

'

'

'

'

'

'

'

'

'

'

-4,704

-2,202

-313

'

-4,704

-2,202

-313

'

Issuance of common stock (in shares)

6,349,720

793,069

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuances of common stock

63

8

'

'

62,708

7,663

'

'

'

'

'

'

'

'

'

62,771

7,671

'

'

Common stock issued through distribution reinvestment plan (in shares)

69,669

1,993

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock issued through distribution reinvestment plan

1

'

'

'

662

19

'

'

'

'

'

'

'

'

'

663

19

'

'

Common stock repurchases (in shares)

-8,674

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock repurchases

'

'

'

'

-87

'

'

'

'

'

'

'

'

'

'

-87

'

'

'

Distributions declared

'

'

'

'

'

'

'

'

'

'

'

2,071

-187

'

'

2,071

-187

'

'

Other comprehensive loss

'

'

'

'

'

'

'

'

($98)

'

'

'

'

'

'

($98)

'

'

'

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Cash flows from operating activities:	'	'	'
Net loss	($4,704,000)	($2,202,000)	($313,000)
Adjustment to reconcile net loss to net cash (used in) provided by operating activities:	'	'	'
Depreciation	3,116,000	657,000	0
Amortization of in-place lease assets	2,079,000	451,000	0
Amortization (including accelerated write-off) of deferred costs	472,000	141,000	0
Amortization of above-market lease assets and accretion of below-market lease liabilities, net	428,000	18,000	0
Share-based compensation	38,000	15,000	51,000
Changes in assets and liabilities:	'	'	'
Prepaid expenses and other assets	-1,527,000	-527,000	-36,000
Accounts payable and accrued expenses	-922,000	1,486,000	38,000
Deferred rent and other liabilities	234,000	148,000	0
Net cash (used in) provided by operating activities	-786,000	187,000	-260,000
Cash flows from investing activities:	'	'	'
Investments in real estate and other assets	-12,575,000	-12,902,000	0
Capital expenditures	-165,000	0	0
Net cash used in investing activities	-12,740,000	-12,902,000	0
Cash flows from financing activities:	'	'	'
Proceeds from mortgage notes payable	11,000,000	0	0
Payments of mortgage notes payable	-29,517,000	0	0
Proceeds from notes payable	0	7,235,000	0
Payments of notes payable	-7,235,000	0	0
Payments of deferred financing costs	-949,000	-783,000	0
Proceeds from issuances of common stock	62,311,000	7,671,000	0
Common stock repurchases	-87,000	0	0
Contribution from Advisor	0	0	2,000
Payments of offering costs and fees related to stock issuances	-7,209,000	-1,286,000	-1,378,000
Distributions paid	-1,080,000	-121,000	0
Advances from affiliate, net	0	604,000	1,635,000
Restricted cash	-691,000	-327,000	0
Net cash provided by financing activities	26,543,000	12,993,000	259,000
Net change in cash and cash equivalents	13,017,000	278,000	-1,000
Cash and cash equivalents, beginning of period	278,000	0	1,000
Cash and cash equivalents, end of period	13,295,000	278,000	0
Supplemental Disclosures:	'	'	'
Cash paid for interest (includes cash paid for penalties, interest and fees on extinguishment of debt)	2,311,000	599,000	0
Cash paid for taxes	12,000	0	0
Non-Cash Investing and Financing Activities:	'	'	'
Mortgage notes payable used to acquire investments in real estate	40,875,000	40,725,000	0
Common stock issued through distribution reinvestment plan	$663,000	$19,000	$0

Organization

Organization	12 Months Ended
	Dec. 31, 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 December 31, 2013, the Company had 7.3 million shares of common stock outstanding, including unvested restricted shares and shares issued pursuant to the DRIP, and had received total proceeds from the IPO and the DRIP of $71.3 million. As of December 31, 2013, the aggregate value of all issuances and subscriptions of common stock outstanding was $72.3 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 December 31, 2013, the Company owned three properties with an aggregate purchase price of $107.6 million, comprised of 0.5 million square feet which were 92.4% 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. The Company is the sole general partner and holds substantially all the units of limited partner interests in the OP ("OP Units"). The Company's external affiliated advisor, American Realty Capital Retail Advisor, LLC (the "Advisor"), a limited partner in the OP, holds 202 OP Units, which represents a nominal percentage of the aggregate OP ownership. After holding the OP Units for a period of one year, or upon liquidation of the OP or sale of substantially all of the assets of the OP, holders of OP Units have the right to convert OP Units for the cash value of a corresponding number of shares of the Company's common stock or, at the option of the OP, a corresponding number of shares of the Company's common stock, in accordance with the limited partnership agreement of the OP. The remaining rights of the limited partner interests 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") 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 Company's sponsor, American Realty Capital IV, LLC (the "Sponsor"), and, as a result of which, they are related parties of the Company. Each has received and/or may receive, as applicable, compensation, fees and expense reimbursements for services related to the IPO and for the investment and management of the Company's assets. Such entities have received or may receive fees during the offering, acquisition, operational and liquidation stages. The Advisor has paid and will continue to pay 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	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
	Summary of Significant Accounting Policies
	Basis of Accounting and Presentation
	The accompanying consolidated financial statements of the Company are prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America ("GAAP").
	Principles of Consolidation
	The consolidated financial statements include the accounts of the Company, the OP and its wholly-owned subsidiaries and those subsidiaries in which the Company owns a majority voting interest with the ability to control operations of the subsidiaries and where approval, veto or other important rights have been granted to the non-controlling shareholders. All inter-company accounts and transactions have been eliminated in consolidation.
	Reclassification
	Certain reclassifications have been made to the prior period consolidated financial statements to conform to the current year presentation.
	Development Stage Company
	On March 9, 2012, the Company raised proceeds sufficient to break escrow in connection with its IPO. The Company received and accepted aggregate subscriptions in excess of the minimum $2.0 million and issued shares of common stock to its initial investors who were admitted as stockholders. The Company purchased its first property and commenced active operations on June 8, 2012, and as of such date was no longer considered to be a development stage company.
	Use of Estimates
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management makes significant estimates regarding revenue recognition, purchase price allocations to record investments in real estate, real estate taxes, and derivative financial instruments and hedging activities, as applicable.
	Real Estate Investments
	Investments in real estate are recorded at cost. Improvements and replacements are capitalized when they extend the useful life of the asset. Costs of repairs and maintenance are expensed as incurred. Depreciation is computed using the straight-line method over the estimated useful lives of up to 40 years for buildings, 15 years for land improvements, five years for fixtures and the shorter of the useful life or the remaining lease term for tenant improvements and leasehold interests.
	The Company is required to make subjective assessments as to the useful lives of the Company's properties for purposes of determining the amount of depreciation to record on an annual basis with respect to the Company's investments in real estate. These assessments have a direct impact on the Company's net income because if the Company were to shorten the expected useful lives of the Company's investments in real estate, the Company would depreciate these investments over fewer years, resulting in more depreciation expense and lower net income on an annual basis.
	The Company is required to present the operations related to properties that have been sold or properties that are intended to be sold as discontinued operations in the statement of operations for all periods presented. Properties that are intended to be sold are to be designated as "held for sale" on the consolidated balance sheets.
	Impairment of Long Lived Assets
	When circumstances indicate the carrying value of a property may not be recoverable, the Company reviews the asset for impairment. This review is based on an estimate of the future undiscounted cash flows, excluding interest charges, expected to result from the property's use and eventual disposition. These estimates consider factors such as expected future operating income, market and other applicable trends and residual value, as well as the effects of leasing demand, competition and other factors. If impairment exists, due to the inability to recover the carrying value of a property, an impairment loss is recorded to the extent that the carrying value exceeds the estimated fair value of the property for properties to be held and used. For properties held for sale, the impairment loss is the adjustment to fair value less estimated cost to dispose of the asset. These assessments have a direct impact on net income because recording an impairment loss results in an immediate negative adjustment to net income.
	Purchase Price Allocation
	The Company allocates the purchase price of acquired properties to tangible and identifiable intangible assets acquired based on their respective fair values. Tangible assets include land, land improvements, buildings, fixtures and tenant improvements on an as-if vacant basis. The Company utilizes various estimates, processes and information to determine the as-if vacant property value. Estimates of value are made using customary methods, including data from appraisals, comparable sales, discounted cash flow analysis and other methods. Amounts allocated to land, land improvements, buildings and fixtures are based on cost segregation studies performed by independent third parties or on the Company's analysis of comparable properties in the Company's portfolio. Identifiable intangible assets and liabilities, as applicable, include amounts allocated to acquired leases for above- and below-market lease rates, the value of in-place leases, and the value of customer relationships, as applicable.
	The aggregate value of intangible assets and liabilities, as applicable, related to in-place leases is primarily the difference between the property valued with existing in-place leases adjusted to market rental rates and the property valued as if vacant. Factors considered by the Company in its analysis of the in-place lease intangibles include an estimate of carrying costs during the expected lease-up period for each property, taking into account current market conditions and costs to execute similar leases. In estimating carrying costs, the Company includes real estate taxes, insurance and other operating expenses and estimates of lost rentals at market rates during the expected lease-up period, which typically ranges from six to 12 months. Estimates of costs to execute similar leases including leasing commissions, legal and other related expenses are also utilized.
	Above-market and below-market in-place lease values for owned properties are recorded based on the present value (using an interest rate which reflects the risks associated with the leases acquired) of the difference between the contractual amounts to be paid pursuant to the in-place leases and management's estimate of fair market lease rates for the corresponding in-place leases, measured over a period equal to the remaining non-cancelable term of the lease. The capitalized above-market lease intangibles are amortized as a decrease to rental income over the remaining term of the lease. The capitalized below-market lease values are amortized as an increase to rental income over the remaining term and any fixed rate renewal periods provided within the respective leases. In determining the amortization period for below-market lease intangibles, the Company initially will consider, and periodically evaluate on a quarterly basis, the likelihood that a lessee will execute the renewal option. The likelihood that a lessee will execute the renewal option is determined by taking into consideration the tenant's payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area in which the property is located.
	The aggregate value of intangible assets related to customer relationships, as applicable, is measured based on the Company's evaluation of the specific characteristics of each tenant's lease and the Company's overall relationship with the tenant. Characteristics considered by the Company in determining these values include the nature and extent of its existing business relationships with the tenant, growth prospects for developing new business with the tenant, the tenant's credit quality and expectations of lease renewals, among other factors.
	The value of in-place leases is amortized to expense over the initial term of the respective leases, which is approximately less than one year to 11 years. The value of customer relationship intangibles is amortized to expense over the initial term and any renewal periods in the respective leases, but in no event does the amortization period for intangible assets exceed the remaining depreciable life of the building. If a tenant terminates its lease, the unamortized portion of the in-place lease value and customer relationship intangibles is charged to expense.
	In making estimates of fair values for purposes of allocating purchase price, the Company utilizes a number of sources, including independent appraisals that may be obtained in connection with the acquisition or financing of the respective property and other market data. The Company will also consider information obtained about each property as a result of the Company's pre-acquisition due diligence, as well as subsequent marketing and leasing activities, in estimating the fair value of the tangible and intangible assets acquired and intangible liabilities assumed.
	Acquired intangible assets and lease liabilities consist of the following as of December 31, 2013 and 2012:
		December 31,
	(In thousands)	2013				2012
	Intangible assets:
	In-place leases, net of accumulated amortization of $2,090 and $451 at December 31, 2013 and 2012, respectively	$	9,511			$	6,285
	Above-market leases, net of accumulated amortization of $489 and $35 at December 31, 2013 and 2012, respectively	4,509				1,894
	Total intangible assets, net	$	14,020			$	8,179
	Intangible liabilities:
	Below-market leases, net of accumulated accretion of $74 and $17 at December 31, 2013 and 2012, respectively	$	912			$	858
	Total intangible liabilities, net	$	912			$	858
	The following table provides the weighted-average amortization and accretion periods as of December 31, 2013, for intangible assets and liabilities and the projected amortization expense and revenue adjustments for the next five years:
	(in thousands)	Weighted-Average Amortization Period		2014				2015			2016			2017			2018
	In-place leases	4.8 years		$	2,256			$	1,847		$	1,680		$	1,594		$	1,245
	Above-market lease assets	5.2 years		$	(927	)		$	(925	)	$	(884	)	$	(878	)	$	(626	)
	Below-market lease liabilities	5.1 years		68				63			62			57			57
	Total to be deducted from rental income			$	(859	)		$	(862	)	$	(822	)	$	(821	)	$	(569	)
	Cash and Cash Equivalents
	Cash and cash equivalents include cash in bank accounts as well as investments in highly-liquid money market funds with original maturities of three months or less. Excess funds over an established threshold are swept daily into an overnight repurchase agreement. As of December 31, 2013 and 2012, $0.1 million and approximately $49,000, respectively, were held in an overnight repurchase agreement with the Company's financial institution.
	The Company deposits cash with high quality financial institutions. These deposits are guaranteed by the Federal Deposit Insurance Company ("FDIC") up to an insurance limit. As of December 31, 2013, the Company had deposits of $13.3 million of which $12.6 million were insured by the FDIC. As of December 31, 2012, the Company's deposits of $0.3 million were insured by the FDIC. Although the Company bears risk to amounts in excess of those insured by the FDIC, it does not anticipate any losses as a result thereof.
	Restricted Cash
	Restricted cash primarily consists of reserves related to lease expirations as well as maintenance, structural, and debt service reserves.
	Deferred Costs, Net
	Deferred costs, net, consists of deferred financing costs net of accumulated amortization and deferred leasing costs net of accumulated amortization.
	Deferred financing costs represent commitment fees, legal fees, and other costs associated with obtaining financing. These costs are amortized over the terms of the respective financing agreements using the effective interest method. Unamortized deferred financing costs are expensed when the associated debt is refinanced or repaid before maturity.  Costs incurred in seeking financial transactions that do not close are expensed in the period in which it is determined that the financing will not close.
	Deferred leasing costs, consisting primarily of lease commissions and costs incurred in connection with new leases, are deferred and amortized over the term of the lease.
	Share Repurchase Program
	The Company's board of directors has adopted a Share Repurchase Program ("SRP") that enables stockholders to sell their shares to the Company in limited circumstances.  The SRP permits investors to sell their shares back to the Company after they have held them for at least one year, subject to the significant conditions and limitations described below.
	Prior to the time that the Company's shares are listed on a national securities exchange and until the Company establishes an estimated value for the shares, the purchase price per share will depend on the length of time investors have held such shares as follows: after one year from the purchase date — the lower of $9.25 or 92.5% of the amount they actually paid for each share; after two years from the purchase date —the lower of $9.50 or 95.0% of the amount they actually paid for each share; after three years from the purchase date — the lower of $9.75 or 97.5% of the amount they actually paid for each share; and after four years from the purchase date — the lower of $10.00 or 100.0% of the amount they actually paid for each share (in each case, as adjusted for any stock distributions, combinations, splits and recapitalizations). The Company expects to begin establishing an estimated value for its shares based on the value of its real estate and real estate-related investments beginning 18 months after the close of its offering. Beginning 18 months after the completion of the Company's offering (excluding common shares issued under the DRIP), the board of directors will determine the value of the properties and the other assets based on such information as the board determines appropriate, which is expected to include independent valuations of properties or of the Company as a whole, prepared by third-party service providers.
	The Company is only authorized to repurchase shares pursuant to the SRP up to the value of the shares issued under the DRIP and will limit the amount spent to repurchase shares in a given quarter to the value of the shares issued under the DRIP in that same quarter. In addition, the board of directors may reject a request for redemption, at any time. Due to these limitations, the Company cannot guarantee that it will be able to accommodate all repurchase requests. Purchases under the SRP by the Company will be limited in any calendar year to 5.0% (or 1.25% per calendar quarter) of the weighted-average number of shares outstanding during the prior calendar year.
	When a stockholder requests repurchases and the repurchases are approved by the Company's board of directors, it will reclassify such obligation from equity to a liability based on the settlement value of the obligation. The following table summarizes the repurchases of shares under the SRP cumulatively through December 31, 2013:
		Number of Requests			Number of Shares Repurchased			Weighted-Average Price per Share
	Year ended December 31, 2011	—			—			$	—
	Year ended December 31, 2012	—			—			—
	Year ended December 31, 2013	1			8,674			9.98
	Cumulative repurchase requests as of December 31, 2013	1			8,674			$	9.98
	Distribution Reinvestment Plan
	Pursuant to the DRIP, stockholders may elect to reinvest distributions by purchasing shares of common stock in lieu of receiving cash.  No dealer manager fees or selling commissions are paid with respect to shares purchased pursuant to the DRIP.  Participants purchasing shares pursuant to the DRIP have the same rights and are treated in the same manner as if such shares were issued pursuant to the IPO. The board of directors may designate that certain cash or other distributions be excluded from the DRIP.  The Company has the right to amend any aspect of the DRIP or terminate the DRIP with ten days' notice to participants. Shares issued under the DRIP are recorded to equity in the accompanying consolidated balance sheet in the period distributions are declared.  During the years ended December 31, 2013 and 2012, the Company issued 0.1 million and 1,993 shares of common stock with a value of $0.7 million and approximately $19,000, respectively, and a par value per share of $0.01, pursuant to the DRIP. The Company issued no shares of common stock under the DRIP during the year ended December 31, 2011.
	Derivative Instruments
	The Company may use derivative financial instruments to hedge all or a portion of the interest rate risk associated with its borrowings. Certain of the techniques used to hedge exposure to interest rate fluctuations may also be used to protect against declines in the market value of assets that result from general trends in debt markets. The principal objective of such agreements 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 records all derivatives on the balance sheet at fair value.  The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Derivatives may also be designated as hedges of the foreign currency exposure of a net investment in a foreign operation. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge.  The Company may enter into derivative contracts that are intended to economically hedge certain of its risk, even though hedge accounting does not apply or the Company elects not to apply hedge accounting.
The accounting for subsequent changes in the fair value of these derivatives depends on whether each has been designated and qualifies for hedge accounting treatment. If the Company elects not to apply hedge accounting treatment, any change in the fair value of these derivative instruments is recognized immediately in gains (losses) on derivative instruments in the accompanying consolidated statement of operations. If the derivative is designated and qualifies for hedge accounting treatment, the change in the estimated fair value of the derivative is recorded in other comprehensive income (loss) to the extent that it is effective. Any ineffective portion of a derivative's change in fair value will be immediately recognized in earnings.
Revenue Recognition
The Company's revenues, which are derived primarily from rental income, include rents that each tenant pays in accordance with the terms of each lease reported on a straight-line basis over the initial term of the lease. Since many of the leases provide for rental increases at specified intervals, straight-line basis accounting requires the Company to record a receivable, and include in revenues, unbilled rent receivables that the Company will only receive if the tenant makes all rent payments required through the expiration of the initial term of the lease. The Company defers the revenue related to lease payments received from tenants in advance of their due dates. When the Company acquires a property, the term of existing leases is considered to commence as of the acquisition date for the purposes of this calculation.
The Company owns certain properties with leases that include provisions for the tenant to pay contingent rental income based on a percent of the tenant's sales upon the achievement of certain sales thresholds or other targets which may be monthly, quarterly or annual targets. As the lessor to the aforementioned leases, the Company defers the recognition of contingent rental income, until the specified target that triggered the contingent rental income is achieved, or until such sales upon which percentage rent is based are known. Contingent rental income is included in rental income on the accompanying consolidated statements of operations.
Cost recoveries from tenants are included in operating expense reimbursements on the accompanying consolidated statements of operations in the period the related costs are incurred, as applicable.
The Company continually reviews receivables related to rent and unbilled rent receivables and determines collectability by taking into consideration the tenant's payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area in which the property is located. In the event that the collectability of a receivable is in doubt, the Company will record an increase in the allowance for uncollectible accounts or record a direct write-off of the receivable in the Company's consolidated statements of operations.
Offering and Related Costs
Offering and related costs include all expenses incurred in connection with the Company's IPO. Offering costs (other than selling commissions and the dealer manager fee) include costs that may be paid by the Advisor, the Dealer Manager or their affiliates on behalf of the Company. These costs include but are not limited to (i) legal, accounting, printing, mailing, and filing fees; (ii) escrow related fees; (iii) reimbursement of the Dealer Manager for amounts it may pay to reimburse the bona fide diligence expenses of broker-dealers; and (iv) reimbursement to the Advisor for a portion of the costs of its employees and other costs in connection with preparing supplemental sales materials and related offering activities. The Company is obligated to reimburse the Advisor or its affiliates, as applicable, for organization and offering costs paid by them on behalf of the Company, provided that the Advisor is obligated to reimburse the Company to the extent organization and offering costs (excluding selling commissions and the dealer manager fee) incurred by the Company in its offering exceed 1.5% of gross offering proceeds. As a result, these costs are only a liability of the Company to the extent aggregate selling commissions, the dealer manager fee and other organization and offering costs do not exceed 11.5% of the gross proceeds determined at the end of the IPO (See Note 10 — Related Party Transactions and Arrangements).
Share-Based Compensation
The Company has stock-based award plans, which are accounted for under the guidance for share based payments. The expense for such awards is included in general and administrative expenses and is recognized over the vesting period or when the requirements for exercise of the award have been met (See Note 12 — Share-Based Compensation).
Income Taxes
The Company elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended, commencing with the taxable year ended December 31, 2012. If the Company continues to qualify for taxation as a REIT, it generally will not be subject to federal corporate income tax to the extent it distributes at least 90% of its REIT taxable income to its stockholders. REITs are subject to a number of other organizational and operational requirements. Even if the Company continues to qualify for taxation as a REIT, it may be subject to certain state and local taxes on its income and property, and federal income and excise taxes on its undistributed income.
Per Share Data
Basic net income (loss) per share is calculated by dividing net income (loss) by the weighted-average number of shares of common stock issued and outstanding during such period. Diluted net income (loss) per share considers the effect of potentially dilutive instruments outstanding during such period.
Reportable Segments
The Company has determined that it has one reportable segment, with activities related to investing in real estate. The Company's investments in real estate generate rental revenue and other income through the leasing of properties, which comprise 100% of its total consolidated revenues. Management evaluates the operating performance of the Company's investments in real estate on an individual property level.
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 was 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 allow an entity to initially assess qualitative factors to determine whether it is necessary to perform a quantitative impairment test. An entity is no longer 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 were effective for annual and interim indefinite-lived intangible asset impairment tests performed for fiscal years beginning after September 15, 2012. 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 was effective for annual and interim periods beginning after December 15, 2012. 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	12 Months Ended
	Dec. 31, 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 years ended December 31, 2013 and 2012. There were no assets acquired or liabilities assumed during the year ended December 31, 2011:
			Year Ended December 31,
	(Dollar amounts in thousands)		2013				2012
	Real estate investments, at cost:
	Land		$	15,757		(1)	$	12,435
	Buildings, fixtures and improvements		28,834			(1)	33,957
	Total tangible real estate investments		44,591				46,392
	Acquired intangibles:
	In-place leases		5,305				6,736
	Above-market lease assets		3,101				1,929
	Below market lease liabilities		(111		)		(875		)
	Total intangible real estate investments		8,295				7,790
	Land held for sale		564			(2)	—
	Total assets acquired, net		53,450				54,182
	Mortgage notes payable used to acquire real estate investments		(40,875		)		(40,725		)
	Other liabilities assumed		—				(555		)
	Cash paid for acquired real estate investments and land held for sale		$	12,575			$	12,902
	Number of properties purchased		1				2
	_____________________
	-1	Land, buildings, fixtures and improvements acquired during the year ended December 31, 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 year ended December 31, 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 years ended December 31, 2013 and 2012. There were no properties acquired during the year ended December 31, 2011:
	Portfolio		Number of Properties		Base Purchase Price (1)
					(In thousands)
	Year ended December 31, 2012		2		$	54,182
	Year ended December 31, 2013		1		53,450
	Total portfolio as of December 31, 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 year ended December 31, 2013, had been consummated on January 1, 2011. Additionally, the unaudited pro forma net loss was adjusted to reclassify acquisition and transaction related expense of $1.0 million from the year ended December 31, 2013 to the year ended December 31, 2011:
			Year Ended December 31,
	(In thousands)		2013				2012			2011
	Pro forma revenues		$	10,903			$	6,357		$	5,078
	Pro forma net loss		$	(4,972	)		$	(3,826	)	$	(2,920	)
	The following table presents future minimum base rent payments on a cash basis due to the Company over the next five years and thereafter for the properties the Company owned as of December 31, 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
	2014		$	8,210
	2015		7,801
	2016		7,451
	2017		7,208
	2018		5,734
	Thereafter		5,464
			$	41,868
	The following table lists the tenants (including, for this purpose, all affiliates of such tenants) whose annualized rental income on a straight-line basis represented 10.0% or greater of consolidated annualized rental income for all portfolio properties on a straight-line basis as of December 31, 2013 and 2012. There were no properties acquired as of December 31, 2011:
			December 31,
	Tenant		2013		2012
	Toys "R" Us - Delaware, Inc.		10.30%		19.30%
	The Container Store, Inc.		*		11.70%
	_____________________
	* Tenant's annualized rental income on a straight-line basis was not greater than or equal to 10.0% of consolidated annualized rental income for all portfolio properties as of the date 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 10.0% or greater of annualized rental income on a straight-line basis as of December 31, 2013.
	The following table lists the states where the Company has concentrations of properties where annualized rental income on a straight-line basis represented 10.0% or greater of consolidated annualized rental income on a straight-line basis as of December 31, 2013 and 2012. There were no properties acquired as of December 31, 2011:
			December 31,
	State		2013		2012
	Missouri		46.80%		*
	Texas		53.20%		100.00%
	____________________________
	*	State's annualized rental income on a straight-line basis was not greater than or equal to 10.0% of consolidated annualized rental income for all portfolio properties as of the period specified.
	The Company did not own properties in any other state that in total represented 10.0% or greater of consolidated annualized rental income on a straight-line basis as of December 31, 2013 and 2012.

Notes_Payable

Notes Payable	12 Months Ended
	Dec. 31, 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 bore interest at a fixed rate of 8.0% per annum and was initially set to mature in June 2013. In May 2013, the note payable was extended for one year and was set mature in June 2014. The note payable required monthly interest payments only with the principal balance due at maturity. The note payable could be prepaid from time to time and at any time, in whole or in part. In December 2013, the Company, at its election, repaid the $3.0 million the note payable. The Company was required to pay an exit fee equal to 1.0% of the original loan amount, or $30,000, in connection with the full repayment of 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 set 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, at its election, prepaid $1.5 million of the principal balance on the bridge loan. In September 2013, the Company, at its election, repaid the remaining $2.7 million principal balance on the bridge loan.

Mortgage_Notes_Payable

Mortgage Notes Payable	12 Months Ended
	Dec. 31, 2013
Debt Disclosure [Abstract]	'
Mortgage Note Payable	'
	Mortgage Notes Payable
	The Company's mortgage notes payable as of December 31, 2013 and 2012 consist of the following:
					Outstanding Loan Amount as of				Effective Interest Rate as of
					December 31,				December 31,
	Portfolio		Encumbered Properties		2013		2012		2013			2012			Interest Rate		Maturity Date
					(In thousands)		(In thousands)
	Liberty Crossing - Original Loan (1) (2)		—		$	—	$	16,200	—	%		5.58	%		Variable		Refinanced June 2013
	Liberty Crossing - Refinanced Loan (1)		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) (3)		—		—		6,540		—	%		10.14	%		Fixed		Fully paid down in May 2013
	Tiffany Springs (1)		1		34,098		—		4.44	%		—	%		Fixed	(4)	Oct. 2018
	Total		3		$	63,083	$	40,725	4.29	%	(5)	5.52	%	(5)
	_________________________________
	-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 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	Fixed through an interest rate swap agreement.
	-5	Calculated on a weighted-average basis for all mortgages outstanding as of December 31, 2013 and 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 December 31, 2013:
	(In thousands)		Future Principal Payments
	2014		$	—
	2015		—
	2016		—
	2017		—
	2018		63,083
	Thereafter		—
			$	63,083
	The Company's mortgage notes payable agreements require the compliance of certain property-level financial covenants including debt service coverage ratios. As of December 31, 2013, the Company was in compliance with financial covenants under its mortgage notes payable agreements.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments

12 Months Ended

Dec. 31, 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 December 31, 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 Company did not have any derivatives as of December 31, 2013.

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 December 31, 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

$

—

$

(98

)

$

—

$

(98

)

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 year ended December 31, 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

December 31, 2013

December 31, 2013

December 31, 2012

December 31, 2012

Mortgage notes payable

3

$

63,083

$

62,824

$

40,725

$

41,007

Notes payable

3

$

—

$

—

$

7,235

$

7,265

The fair value of the mortgage notes payable and notes payable are estimated using a discounted cash flow analysis, based on the Advisor's experience with similar types of borrowing arrangements.

Derivatives_and_Hedging_Activi

Derivatives and Hedging Activities

12 Months Ended

Dec. 31, 2013

Derivatives and Hedging Instruments [Abstract]

'

Derivative 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 December 31, 2013, the Company had the following outstanding interest rate derivative that was designated as a cash flow hedge 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 December 31, 2013. There were no derivative instruments as of December 31, 2012:

(In thousands)

Balance Sheet Location

December 31, 2013

Derivatives designated as hedging instruments:

Interest Rate Swap

Derivatives, at fair value

$

(98

)

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 year ended December 31, 2013. The Company had no derivatives during the year ended December 31, 2012:

(In thousands)

Year Ended December 31, 2013

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

$

(225

)

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

$

(127

)

Amount of loss recognized in income on derivative (ineffective portion, reclassifications of missed forecasted transactions and amounts excluded from effectiveness testing)

$

—

Offsetting Derivatives

The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company's derivatives as of December 31, 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 consolidated balance sheet:

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

December 31, 2013

$

(98

)

$

—

$

(98

)

$

—

$

—

$

(98

)

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 December 31, 2013, the fair value of derivatives in a net liability position including accrued interest but excluding any adjustment for nonperformance risk related to these agreements was $0.1 million. As of December 31, 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 $0.1 million at December 31, 2013.

Common_Stock

Common Stock	12 Months Ended
	Dec. 31, 2013
Stockholders' Equity Note [Abstract]	'
Common Stock	'
	Common Stock
	As of December 31, 2013 and 2012, the Company had 7.3 million and 0.8 million shares of common stock outstanding, including unvested restricted shares and shares issued pursuant to the DRIP, and had received total proceeds from the IPO and the DRIP of $71.3 million and $7.9 million, 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.

Commitments_and_Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 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 its financial position or results of operations.

Related_Party_Transactions_and

Related Party Transactions and Arrangements	12 Months Ended
	Dec. 31, 2013
Related Party Transactions [Abstract]	'
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 December 31, 2013 and 2012. As of December 31, 2013 and 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 years ended December 31, 2013, 2012 and 2011 and payable to the Dealer Manager as of December 31, 2013 and 2012. No such selling commissions and dealer manager fees were incurred by the Company during the year ended December 31, 2011:
			Year Ended December 31,						Payable as of December 31,
	(In thousands)		2013		2012		2011		2013		2012
	Total commissions and fees from the Dealer Manager		$	5,711	$	561	$	—	$	46	$	—
	The Advisor and its affiliates receive compensation and expense reimbursements for services relating to the IPO, including 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 years ended December 31, 2013, 2012 and 2011 and payable to the Advisor and Dealer Manager as of December 31, 2013 and 2012:
			Year Ended December 31,						Payable as of December 31,
	(In thousands)		2013		2012		2011		2013		2012
	Fees and expense reimbursements from the Advisor and Dealer Manager		$	1,361	$	1,596	$	1,723	$	4,609	$	3,533
	The Company is responsible for offering and related costs from the IPO, excluding selling 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 December 31, 2013, offering and related costs, excluding selling commissions and dealer manager fees, exceeded 1.5% of gross proceeds received from the IPO by $7.5 million.
	The Advisor has elected to cap cumulative offering costs incurred by the Company, net of unpaid amounts, at 15.0% of gross common stock proceeds received from the IPO. As of December 31, 2013, cumulative offering costs were $14.9 million. Cumulative offering costs, net of unpaid amounts, were less than the 15.0% threshold as of December 31, 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.
	Prior to 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, the payment of asset management fees in cash, shares or restricted stock grants, or any combination thereof to the Advisor and 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 were eliminated. 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 profit 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 Class B Units will be issued in an amount equal to the cost of the Company's assets multiplied by 0.1875%, divided by the value of one share of common stock as of the last day of such calendar quarter, which is equal initially to $9.50 (the initial offering price in the IPO minus selling commissions and dealer manager fees).  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.  As of December 31, 2013, the Company cannot determine the probability of achieving the performance condition.  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 the vested and unvested Class B Units it receives in connection with its asset management subordinated participation at the same rate as distributions received on the Company's common stock. Such distributions on issued Class B Units are included in general and administrative expenses in the consolidated statement of operations and comprehensive loss until the performance condition is considered probable to occur. As of December 31, 2013, no Class B Units have been issued to the Advisor in connection with this arrangement.
	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 which are not part of a shopping center 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. Effective January 28, 2014 the Advisor eliminated the oversight fee.
	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 amortized over approximately 19 months, the estimated remaining term of the IPO, and 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 years ended December 31, 2013 and 2012 and amounts contractually due as of December 31, 2013 and 2012 in connection with the operations related services described above. No such fees were incurred or forgiven during the year ended December 31, 2011:
			Year Ended December 31,
			2013				2012				Payable as of December 31,
	(In thousands)		Incurred		Forgiven		Incurred		Forgiven		2013		2012
	One-time fees and reimbursements:
	Acquisition fees and related cost reimbursements		$	802	$	—	$	820	$	—	$	—	$	820
	Financing coordination fees		409		—		407		—		—		407
	Other expense reimbursements		—		—		—		—		—		—
	Ongoing fees:
	Asset management fees (1)		—		18		—		93		—		—
	Property management and leasing fees		—		72		—		13		—		—
	Strategic advisory fees		495		—		—		—		—		—
	Total related party operation fees and reimbursements		$	1,706	$	90	$	1,227	$	106	$	—	$	1,227
	_________________________________
	-1	These fees have been waived. Effective October 1, 2013, the Company expects to issue (subject to approval by the board of directors) to the Advisor restricted performance-based Class B Units for asset management services, which will be forfeited immediately if certain conditions occur.
	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 reimburses the Advisor for personnel costs in connection with other services during the operational stage; however, the Company will not reimburse the Advisor for personnel costs in connection with services for which the Advisor receives acquisition fees, acquisition expenses or real estate commissions.  No reimbursements were incurred from the Advisor for providing services during the years ended December 31, 2013, 2012 or 2011.
	In order to improve operating cash flows and the ability to pay distributions from operating cash flows, the Advisor agreed to waive certain 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 $0.7 million and $0.1 million of general and administrative costs and approximately $41,000 and approximately $44,000 of property operating costs during the years ended December 31, 2013 and 2012, respectively. There were no such costs absorbed by the Advisor during the year ended December 31, 2011. 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 years ended December 31, 2013, 2012 or 2011.
	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 years ended December 31, 2013, 2012 or 2011.
	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 years ended December 31, 2013, 2012 or 2011. 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	12 Months Ended
	Dec. 31, 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, transaction management 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	12 Months Ended
	Dec. 31, 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 December 31, 2013 and 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 OP 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 outstanding shares of common stock on a fully diluted basis at any time 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. 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 years ended December 31, 2013, 2012 and 2011:
		Number of Shares of Restricted Stock			Weighted-Average Issue Price Per Share
	Unvested, January 1, 2011	—			$	—
	Granted	9,000			10
	Unvested, December 31, 2011	9,000			10
	Granted	15,000			9.2
	Vested	(1,200	)		10
	Forfeitures	(9,000	)		9.67
	Unvested, December 31, 2012	13,800			9.35
	Granted	9,000			9
	Vested	(3,000	)		9.43
	Unvested, December 31, 2013	19,800			$	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 $27,000, $15,000 and $14,000 during the years ended December 31, 2013, 2012 and 2011, respectively, and is recorded to general and administrative expense in the accompanying consolidated statements of operations.
	As of December 31, 2013, the Company had $0.2 million of unrecognized compensation cost related to unvested restricted share awards granted under the Company's RSP. That cost is expected to be recognized over a weighted-average period of 3.7 years.
	Other Share-Based Compensation
	The Company may issue common stock in lieu of cash to pay fees earned by the Company's directors, at 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. The following table reflects the shares of common stock issued to directors in lieu of cash compensation:
			Year Ended December 31,
			2013				2012		2011
	Shares issued in lieu of cash		—				—		4,056
	Value of shares issued in lieu of cash (in thousands)		$	—			$	—	$	37

Net_Loss_Per_Share

Net Loss Per Share	12 Months Ended
	Dec. 31, 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 years ended December 31, 2013, 2012 and 2011:
		Year Ended December 31,
	(In thousands, except share and per share data)	2013			2012			2011
	Net loss	$	(4,704	)	$	(2,202	)	$	(313	)
	Basic and diluted weighted-average shares outstanding	3,216,903			358,267			21,000
	Basic and diluted net loss per share	$	(1.46	)	$	(6.15	)	NM
	________________
	NM - not meaningful
	As of December 31, 2013, 2012 and 2011, the Company had 19,800, 13,800 and 9,000 shares of unvested restricted stock outstanding, respectively. As of December 31, 2013, 2012 and 2011, 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 their effect would have been antidilutive.

Quarterly_Results_Unaudited

Quarterly Results (Unaudited)	12 Months Ended
	Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]	'
Quarterly Results (Unaudited)	'
	Quarterly Results (Unaudited)
	Presented below is a summary of the unaudited quarterly financial information for the years ended December 31, 2013, 2012 and 2011:
		Quarters Ended
	(In thousands, except share and per share data)	March 31,			June 30,			September 30,					December 31,
		2013			2013			2013					2013
	Total revenues	$	1,397		$	1,386		$	1,694				$	2,684
	Net loss	(1,052		)	(1,051		)	(1,510		)	—		(1,091		)
	Basic and diluted weighted-average shares outstanding	969,506			2,063,622			3,785,878					5,987,213
	Basic and diluted net loss per share	$	(1.09	)	$	(0.51	)	$	(0.40	)			$	(0.18	)
		Quarters Ended
	(In thousands, except share and per share data)	March 31,			June 30,			September 30,				December 31,
		2012			2012			2012				2012
	Total revenues	$	—		$	112		$	518			$	636
	Net loss	(106		)	(665		)	(431		)		(1,000		)
	Basic and diluted weighted-average shares outstanding	74,924			301,023			369,628				683,789
	Basic and diluted net loss per share	$	(1.41	)	$	(2.21	)	$	(1.17	)		$	(1.48	)
		Quarters Ended
	(In thousands, except share and per share data)	March 31,			June 30,			September 30,				December 31,
		2011			2011			2011				2011
	Total revenues	$	—		$	—		$	—			$	—
	Net loss	(16		)	(99		)	(89		)		(109		)
	Basic and diluted weighted-average shares outstanding	20,000			20,000			20,000				23,967
	Basic and diluted net loss per share	NM			NM			NM				NM
	________________________
	NM - not meaningful

Subsequent_Events

Subsequent Events	12 Months Ended
	Dec. 31, 2013
Subsequent Events [Abstract]	'
Subsequent Events	'
	Subsequent Events
	The Company has evaluated subsequent events through the filing of this Annual Report on Form 10-K, 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 February 28, 2014, the Company had 15.5 million shares of common stock outstanding, including unvested restricted shares and shares issued pursuant to the DRIP, and had received total proceeds from the IPO and the DRIP of $153.2 million. As of February 28, 2014, the aggregate value of all share issuances was $154.4 million based on a per share value of $10.00 (or $9.50 for shares issued pursuant to the DRIP).
	Total capital raised to date from the IPO and the DRIP is as follows:
	Source of Capital (in thousands)	Inception to		January 1 to		Total as of February 28, 2014
		December 31,		February 28,
		2013		2014
	Shares of common stock	$	71,315	$	81,872	$	153,187

Schedule_III_Real_Estate_and_A

Schedule III Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2013
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]	'
Schedule III Real Estate and Accumulated Depreciation	'
								Initial Costs				Costs Capitalized Subsequent to Acquisition
	Property		State		Acquisition	Encumbrances at		Land		Building and		Land		Building and		Gross Amount			Accumulated
					Date	December 31,				Improvements				Improvements		Carried at			Depreciation (4) (5)
						2013										December  31,
																2013 (1) (2)
	Liberty Crossing		TX		6/8/12	$	11,000	$	2,887	$	17,084	$	—	$	—	$	19,717	(3)	$	(1,343	)
	San Pedro Crossing		TX		12/21/12	17,985		9,548		16,873		—		165		26,586			(1,605		)
	Tiffany Springs		MO		9/26/13	34,098		15,757		28,834		—		—		44,591		(6)	(571		)
						$	63,083	$	28,192	$	62,791	$	—	$	165	$	90,894		$	(3,519	)
	________________
	-1	Acquired intangible lease assets allocated to individual properties in the amount of $16.6 million are not reflected in the table above.
	-2	The tax basis of aggregate land, buildings and improvements as of December 31, 2013 is $109.2 million.
	-3	Gross amount carried is net of tenant improvement dispositions of $0.3 million due to tenant lease expirations.
	-4	The accumulated depreciation column excludes $2.6 million of accumulated amortization associated with acquired intangible lease assets.
	-5	Depreciation is computed using the straight-line method over the estimated useful lives of up to 40 years for buildings, 15 years for land improvements and five years for fixtures.
	-6	The gross amount for the property has been provisionally assigned to land, buildings, fixtures and improvements pending receipt of the final appraisals and/or other information being prepared by a third-party specialist.
	A summary of activity for real estate and accumulated depreciation for the years ended December 31, 2013, 2012 and 2011:
			Year Ended December 31,
			2013			2012		2011
	Real estate investments, at cost:
	Balance at beginning of year		$	46,392		$	—	$	—
	Additions - acquisitions and improvements		44,756			46,392		—
	Disposals		(254		)	—		—
	Balance at end of the year		$	90,894		$	46,392	$	—
	Accumulated depreciation and amortization:
	Balance at beginning of year		$	657		$	—	$	—
	Depreciation expense		3,116			657		—
	Disposals		(254		)	—		—
	Balance at end of the year		$	3,519		$	657	$	—

Summary_of_Significant_Account1

Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2013

Accounting Policies [Abstract]

'

Basis of Accounting and Presentation

'

Basis of Accounting and Presentation

The accompanying consolidated financial statements of the Company are prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America ("GAAP").

Principles of Consolidation

'

Principles of Consolidation

The consolidated financial statements include the accounts of the Company, the OP and its wholly-owned subsidiaries and those subsidiaries in which the Company owns a majority voting interest with the ability to control operations of the subsidiaries and where approval, veto or other important rights have been granted to the non-controlling shareholders. All inter-company accounts and transactions have been eliminated in consolidation.

Reclassification

'

Reclassification

Certain reclassifications have been made to the prior period consolidated financial statements to conform to the current year presentation.

Development Stage Company

'

Development Stage Company

On March 9, 2012, the Company raised proceeds sufficient to break escrow in connection with its IPO. The Company received and accepted aggregate subscriptions in excess of the minimum $2.0 million and issued shares of common stock to its initial investors who were admitted as stockholders. The Company purchased its first property and commenced active operations on June 8, 2012, and as of such date was no longer considered to be a development stage company.

Use of Estimates

'

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management makes significant estimates regarding revenue recognition, purchase price allocations to record investments in real estate, real estate taxes, and derivative financial instruments and hedging activities, as applicable.

Real Estate Investments

'

Real Estate Investments

Investments in real estate are recorded at cost. Improvements and replacements are capitalized when they extend the useful life of the asset. Costs of repairs and maintenance are expensed as incurred. Depreciation is computed using the straight-line method over the estimated useful lives of up to 40 years for buildings, 15 years for land improvements, five years for fixtures and the shorter of the useful life or the remaining lease term for tenant improvements and leasehold interests.

The Company is required to make subjective assessments as to the useful lives of the Company's properties for purposes of determining the amount of depreciation to record on an annual basis with respect to the Company's investments in real estate. These assessments have a direct impact on the Company's net income because if the Company were to shorten the expected useful lives of the Company's investments in real estate, the Company would depreciate these investments over fewer years, resulting in more depreciation expense and lower net income on an annual basis.

The Company is required to present the operations related to properties that have been sold or properties that are intended to be sold as discontinued operations in the statement of operations for all periods presented. Properties that are intended to be sold are to be designated as "held for sale" on the consolidated balance sheets.

Impairment of Long Lived Assets

'

Impairment of Long Lived Assets

When circumstances indicate the carrying value of a property may not be recoverable, the Company reviews the asset for impairment. This review is based on an estimate of the future undiscounted cash flows, excluding interest charges, expected to result from the property's use and eventual disposition. These estimates consider factors such as expected future operating income, market and other applicable trends and residual value, as well as the effects of leasing demand, competition and other factors. If impairment exists, due to the inability to recover the carrying value of a property, an impairment loss is recorded to the extent that the carrying value exceeds the estimated fair value of the property for properties to be held and used. For properties held for sale, the impairment loss is the adjustment to fair value less estimated cost to dispose of the asset. These assessments have a direct impact on net income because recording an impairment loss results in an immediate negative adjustment to net income.

Purchase Price Allocation

'

Purchase Price Allocation

The Company allocates the purchase price of acquired properties to tangible and identifiable intangible assets acquired based on their respective fair values. Tangible assets include land, land improvements, buildings, fixtures and tenant improvements on an as-if vacant basis. The Company utilizes various estimates, processes and information to determine the as-if vacant property value. Estimates of value are made using customary methods, including data from appraisals, comparable sales, discounted cash flow analysis and other methods. Amounts allocated to land, land improvements, buildings and fixtures are based on cost segregation studies performed by independent third parties or on the Company's analysis of comparable properties in the Company's portfolio. Identifiable intangible assets and liabilities, as applicable, include amounts allocated to acquired leases for above- and below-market lease rates, the value of in-place leases, and the value of customer relationships, as applicable.

The aggregate value of intangible assets and liabilities, as applicable, related to in-place leases is primarily the difference between the property valued with existing in-place leases adjusted to market rental rates and the property valued as if vacant. Factors considered by the Company in its analysis of the in-place lease intangibles include an estimate of carrying costs during the expected lease-up period for each property, taking into account current market conditions and costs to execute similar leases. In estimating carrying costs, the Company includes real estate taxes, insurance and other operating expenses and estimates of lost rentals at market rates during the expected lease-up period, which typically ranges from six to 12 months. Estimates of costs to execute similar leases including leasing commissions, legal and other related expenses are also utilized.

Above-market and below-market in-place lease values for owned properties are recorded based on the present value (using an interest rate which reflects the risks associated with the leases acquired) of the difference between the contractual amounts to be paid pursuant to the in-place leases and management's estimate of fair market lease rates for the corresponding in-place leases, measured over a period equal to the remaining non-cancelable term of the lease. The capitalized above-market lease intangibles are amortized as a decrease to rental income over the remaining term of the lease. The capitalized below-market lease values are amortized as an increase to rental income over the remaining term and any fixed rate renewal periods provided within the respective leases. In determining the amortization period for below-market lease intangibles, the Company initially will consider, and periodically evaluate on a quarterly basis, the likelihood that a lessee will execute the renewal option. The likelihood that a lessee will execute the renewal option is determined by taking into consideration the tenant's payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area in which the property is located.

The aggregate value of intangible assets related to customer relationships, as applicable, is measured based on the Company's evaluation of the specific characteristics of each tenant's lease and the Company's overall relationship with the tenant. Characteristics considered by the Company in determining these values include the nature and extent of its existing business relationships with the tenant, growth prospects for developing new business with the tenant, the tenant's credit quality and expectations of lease renewals, among other factors.

The value of in-place leases is amortized to expense over the initial term of the respective leases, which is approximately less than one year to 11 years. The value of customer relationship intangibles is amortized to expense over the initial term and any renewal periods in the respective leases, but in no event does the amortization period for intangible assets exceed the remaining depreciable life of the building. If a tenant terminates its lease, the unamortized portion of the in-place lease value and customer relationship intangibles is charged to expense.

In making estimates of fair values for purposes of allocating purchase price, the Company utilizes a number of sources, including independent appraisals that may be obtained in connection with the acquisition or financing of the respective property and other market data. The Company will also consider information obtained about each property as a result of the Company's pre-acquisition due diligence, as well as subsequent marketing and leasing activities, in estimating the fair value of the tangible and intangible assets acquired and intangible liabilities assumed.

Acquired intangible assets and lease liabilities consist of the following as of December 31, 2013 and 2012:

December 31,

(In thousands)

2013

2012

Intangible assets:

In-place leases, net of accumulated amortization of $2,090 and $451 at December 31, 2013 and 2012, respectively

$

9,511

$

6,285

Above-market leases, net of accumulated amortization of $489 and $35 at December 31, 2013 and 2012, respectively

4,509

1,894

Total intangible assets, net

$

14,020

$

8,179

Intangible liabilities:

Below-market leases, net of accumulated accretion of $74 and $17 at December 31, 2013 and 2012, respectively

$

912

$

858

Total intangible liabilities, net

$

912

$

858

The following table provides the weighted-average amortization and accretion periods as of December 31, 2013, for intangible assets and liabilities and the projected amortization expense and revenue adjustments for the next five years:

(in thousands)

Weighted-Average Amortization Period

2014

2015

2016

2017

2018

In-place leases

4.8 years

$

2,256

$

1,847

$

1,680

$

1,594

$

1,245

Above-market lease assets

5.2 years

$

(927

)

$

(925

)

$

(884

)

$

(878

)

$

(626

)

Below-market lease liabilities

5.1 years

68

63

62

57

57

Total to be deducted from rental income

$

(859

)

$

(862

)

$

(822

)

$

(821

)

$

(569

)

Cash and Cash Equivalents

'

Cash and Cash Equivalents

Cash and cash equivalents include cash in bank accounts as well as investments in highly-liquid money market funds with original maturities of three months or less. Excess funds over an established threshold are swept daily into an overnight repurchase agreement. As of December 31, 2013 and 2012, $0.1 million and approximately $49,000, respectively, were held in an overnight repurchase agreement with the Company's financial institution.

The Company deposits cash with high quality financial institutions. These deposits are guaranteed by the Federal Deposit Insurance Company ("FDIC") up to an insurance limit. As of December 31, 2013, the Company had deposits of $13.3 million of which $12.6 million were insured by the FDIC. As of December 31, 2012, the Company's deposits of $0.3 million were insured by the FDIC. Although the Company bears risk to amounts in excess of those insured by the FDIC, it does not anticipate any losses as a result thereof.

Restricted Cash

'

Restricted Cash

Restricted cash primarily consists of reserves related to lease expirations as well as maintenance, structural, and debt service reserves.

Deferred Costs, Net

'

Deferred Costs, Net

Deferred costs, net, consists of deferred financing costs net of accumulated amortization and deferred leasing costs net of accumulated amortization.

Deferred financing costs represent commitment fees, legal fees, and other costs associated with obtaining financing. These costs are amortized over the terms of the respective financing agreements using the effective interest method. Unamortized deferred financing costs are expensed when the associated debt is refinanced or repaid before maturity.  Costs incurred in seeking financial transactions that do not close are expensed in the period in which it is determined that the financing will not close.

Deferred leasing costs, consisting primarily of lease commissions and costs incurred in connection with new leases, are deferred and amortized over the term of the lease.

Share Repurchase Program

'

Share Repurchase Program

The Company's board of directors has adopted a Share Repurchase Program ("SRP") that enables stockholders to sell their shares to the Company in limited circumstances.  The SRP permits investors to sell their shares back to the Company after they have held them for at least one year, subject to the significant conditions and limitations described below.

Prior to the time that the Company's shares are listed on a national securities exchange and until the Company establishes an estimated value for the shares, the purchase price per share will depend on the length of time investors have held such shares as follows: after one year from the purchase date — the lower of $9.25 or 92.5% of the amount they actually paid for each share; after two years from the purchase date —the lower of $9.50 or 95.0% of the amount they actually paid for each share; after three years from the purchase date — the lower of $9.75 or 97.5% of the amount they actually paid for each share; and after four years from the purchase date — the lower of $10.00 or 100.0% of the amount they actually paid for each share (in each case, as adjusted for any stock distributions, combinations, splits and recapitalizations). The Company expects to begin establishing an estimated value for its shares based on the value of its real estate and real estate-related investments beginning 18 months after the close of its offering. Beginning 18 months after the completion of the Company's offering (excluding common shares issued under the DRIP), the board of directors will determine the value of the properties and the other assets based on such information as the board determines appropriate, which is expected to include independent valuations of properties or of the Company as a whole, prepared by third-party service providers.

The Company is only authorized to repurchase shares pursuant to the SRP up to the value of the shares issued under the DRIP and will limit the amount spent to repurchase shares in a given quarter to the value of the shares issued under the DRIP in that same quarter. In addition, the board of directors may reject a request for redemption, at any time. Due to these limitations, the Company cannot guarantee that it will be able to accommodate all repurchase requests. Purchases under the SRP by the Company will be limited in any calendar year to 5.0% (or 1.25% per calendar quarter) of the weighted-average number of shares outstanding during the prior calendar year.

When a stockholder requests repurchases and the repurchases are approved by the Company's board of directors, it will reclassify such obligation from equity to a liability based on the settlement value of the obligation. The following table summarizes the repurchases of shares under the SRP cumulatively through December 31, 2013:

Number of Requests

Number of Shares Repurchased

Weighted-Average Price per Share

Year ended December 31, 2011

—

—

$

—

Year ended December 31, 2012

—

—

—

Year ended December 31, 2013

1

8,674

9.98

Cumulative repurchase requests as of December 31, 2013

1

8,674

$

9.98

Distribution Reinvestment Plan

'

Distribution Reinvestment Plan

Pursuant to the DRIP, stockholders may elect to reinvest distributions by purchasing shares of common stock in lieu of receiving cash.  No dealer manager fees or selling commissions are paid with respect to shares purchased pursuant to the DRIP.  Participants purchasing shares pursuant to the DRIP have the same rights and are treated in the same manner as if such shares were issued pursuant to the IPO. The board of directors may designate that certain cash or other distributions be excluded from the DRIP.  The Company has the right to amend any aspect of the DRIP or terminate the DRIP with ten days' notice to participants. Shares issued under the DRIP are recorded to equity in the accompanying consolidated balance sheet in the period distributions are declared.  During the years ended December 31, 2013 and 2012, the Company issued 0.1 million and 1,993 shares of common stock with a value of $0.7 million and approximately $19,000, respectively, and a par value per share of $0.01, pursuant to the DRIP. The Company issued no shares of common stock under the DRIP during the year ended December 31, 2011.

Derivative Instruments

'

Derivative Instruments

The Company may use derivative financial instruments to hedge all or a portion of the interest rate risk associated with its borrowings. Certain of the techniques used to hedge exposure to interest rate fluctuations may also be used to protect against declines in the market value of assets that result from general trends in debt markets. The principal objective of such agreements 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 records all derivatives on the balance sheet at fair value.  The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Derivatives may also be designated as hedges of the foreign currency exposure of a net investment in a foreign operation. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge.  The Company may enter into derivative contracts that are intended to economically hedge certain of its risk, even though hedge accounting does not apply or the Company elects not to apply hedge accounting.

The accounting for subsequent changes in the fair value of these derivatives depends on whether each has been designated and qualifies for hedge accounting treatment. If the Company elects not to apply hedge accounting treatment, any change in the fair value of these derivative instruments is recognized immediately in gains (losses) on derivative instruments in the accompanying consolidated statement of operations. If the derivative is designated and qualifies for hedge accounting treatment, the change in the estimated fair value of the derivative is recorded in other comprehensive income (loss) to the extent that it is effective. Any ineffective portion of a derivative's change in fair value will be immediately recognized in earnings.

Revenue Recognition

'

Revenue Recognition

The Company's revenues, which are derived primarily from rental income, include rents that each tenant pays in accordance with the terms of each lease reported on a straight-line basis over the initial term of the lease. Since many of the leases provide for rental increases at specified intervals, straight-line basis accounting requires the Company to record a receivable, and include in revenues, unbilled rent receivables that the Company will only receive if the tenant makes all rent payments required through the expiration of the initial term of the lease. The Company defers the revenue related to lease payments received from tenants in advance of their due dates. When the Company acquires a property, the term of existing leases is considered to commence as of the acquisition date for the purposes of this calculation.

The Company owns certain properties with leases that include provisions for the tenant to pay contingent rental income based on a percent of the tenant's sales upon the achievement of certain sales thresholds or other targets which may be monthly, quarterly or annual targets. As the lessor to the aforementioned leases, the Company defers the recognition of contingent rental income, until the specified target that triggered the contingent rental income is achieved, or until such sales upon which percentage rent is based are known. Contingent rental income is included in rental income on the accompanying consolidated statements of operations.

Cost recoveries from tenants are included in operating expense reimbursements on the accompanying consolidated statements of operations in the period the related costs are incurred, as applicable.

The Company continually reviews receivables related to rent and unbilled rent receivables and determines collectability by taking into consideration the tenant's payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area in which the property is located. In the event that the collectability of a receivable is in doubt, the Company will record an increase in the allowance for uncollectible accounts or record a direct write-off of the receivable in the Company's consolidated statements of operations.

Offering and Related Costs

'

Offering and Related Costs

Offering and related costs include all expenses incurred in connection with the Company's IPO. Offering costs (other than selling commissions and the dealer manager fee) include costs that may be paid by the Advisor, the Dealer Manager or their affiliates on behalf of the Company. These costs include but are not limited to (i) legal, accounting, printing, mailing, and filing fees; (ii) escrow related fees; (iii) reimbursement of the Dealer Manager for amounts it may pay to reimburse the bona fide diligence expenses of broker-dealers; and (iv) reimbursement to the Advisor for a portion of the costs of its employees and other costs in connection with preparing supplemental sales materials and related offering activities. The Company is obligated to reimburse the Advisor or its affiliates, as applicable, for organization and offering costs paid by them on behalf of the Company, provided that the Advisor is obligated to reimburse the Company to the extent organization and offering costs (excluding selling commissions and the dealer manager fee) incurred by the Company in its offering exceed 1.5% of gross offering proceeds. As a result, these costs are only a liability of the Company to the extent aggregate selling commissions, the dealer manager fee and other organization and offering costs do not exceed 11.5% of the gross proceeds determined at the end of the IPO (See Note 10 — Related Party Transactions and Arrangements).

Share-Based Compensation

'

Share-Based Compensation

The Company has stock-based award plans, which are accounted for under the guidance for share based payments. The expense for such awards is included in general and administrative expenses and is recognized over the vesting period or when the requirements for exercise of the award have been met (See Note 12 — Share-Based Compensation).

Income Taxes

'

Income Taxes

The Company elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended, commencing with the taxable year ended December 31, 2012. If the Company continues to qualify for taxation as a REIT, it generally will not be subject to federal corporate income tax to the extent it distributes at least 90% of its REIT taxable income to its stockholders. REITs are subject to a number of other organizational and operational requirements. Even if the Company continues to qualify for taxation as a REIT, it may be subject to certain state and local taxes on its income and property, and federal income and excise taxes on its undistributed income.

Per Share Data

'

Per Share Data

Basic net income (loss) per share is calculated by dividing net income (loss) by the weighted-average number of shares of common stock issued and outstanding during such period. Diluted net income (loss) per share considers the effect of potentially dilutive instruments outstanding during such period.

Reportable Segments

'

Reportable Segments

The Company has determined that it has one reportable segment, with activities related to investing in real estate. The Company's investments in real estate generate rental revenue and other income through the leasing of properties, which comprise 100% of its total consolidated revenues. Management evaluates the operating performance of the Company's investments in real estate on an individual property level.

Recently Issued Accounting Pronouncements

'

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 was 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 allow an entity to initially assess qualitative factors to determine whether it is necessary to perform a quantitative impairment test. An entity is no longer 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 were effective for annual and interim indefinite-lived intangible asset impairment tests performed for fiscal years beginning after September 15, 2012. 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 was effective for annual and interim periods beginning after December 15, 2012. 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.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Schedule of Intangible Assets and Goodwill	'
	Acquired intangible assets and lease liabilities consist of the following as of December 31, 2013 and 2012:
		December 31,
	(In thousands)	2013				2012
	Intangible assets:
	In-place leases, net of accumulated amortization of $2,090 and $451 at December 31, 2013 and 2012, respectively	$	9,511			$	6,285
	Above-market leases, net of accumulated amortization of $489 and $35 at December 31, 2013 and 2012, respectively	4,509				1,894
	Total intangible assets, net	$	14,020			$	8,179
	Intangible liabilities:
	Below-market leases, net of accumulated accretion of $74 and $17 at December 31, 2013 and 2012, respectively	$	912			$	858
	Total intangible liabilities, net	$	912			$	858
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	'
	The following table provides the weighted-average amortization and accretion periods as of December 31, 2013, for intangible assets and liabilities and the projected amortization expense and revenue adjustments for the next five years:
	(in thousands)	Weighted-Average Amortization Period		2014				2015			2016			2017			2018
	In-place leases	4.8 years		$	2,256			$	1,847		$	1,680		$	1,594		$	1,245
	Above-market lease assets	5.2 years		$	(927	)		$	(925	)	$	(884	)	$	(878	)	$	(626	)
	Below-market lease liabilities	5.1 years		68				63			62			57			57
	Total to be deducted from rental income			$	(859	)		$	(862	)	$	(822	)	$	(821	)	$	(569	)
Schedule of Share Repurchases	'
	The following table summarizes the repurchases of shares under the SRP cumulatively through December 31, 2013:
		Number of Requests			Number of Shares Repurchased			Weighted-Average Price per Share
	Year ended December 31, 2011	—			—			$	—
	Year ended December 31, 2012	—			—			—
	Year ended December 31, 2013	1			8,674			9.98
	Cumulative repurchase requests as of December 31, 2013	1			8,674			$	9.98

Real_Estate_Investments_Tables

Real Estate Investments (Tables)	12 Months Ended
	Dec. 31, 2013
Real Estate [Abstract]	'
Assets Acquired and Liabilities Assumed	'
	The following table presents the allocation of the assets acquired and liabilities assumed during the years ended December 31, 2013 and 2012. There were no assets acquired or liabilities assumed during the year ended December 31, 2011:
			Year Ended December 31,
	(Dollar amounts in thousands)		2013				2012
	Real estate investments, at cost:
	Land		$	15,757		(1)	$	12,435
	Buildings, fixtures and improvements		28,834			(1)	33,957
	Total tangible real estate investments		44,591				46,392
	Acquired intangibles:
	In-place leases		5,305				6,736
	Above-market lease assets		3,101				1,929
	Below market lease liabilities		(111		)		(875		)
	Total intangible real estate investments		8,295				7,790
	Land held for sale		564			(2)	—
	Total assets acquired, net		53,450				54,182
	Mortgage notes payable used to acquire real estate investments		(40,875		)		(40,725		)
	Other liabilities assumed		—				(555		)
	Cash paid for acquired real estate investments and land held for sale		$	12,575			$	12,902
	Number of properties purchased		1				2
	_____________________
	-1	Land, buildings, fixtures and improvements acquired during the year ended December 31, 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 year ended December 31, 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.
Purchase Price of Acquired Properties	'
	The following table reflects the number and related purchase prices of properties acquired during the years ended December 31, 2013 and 2012. There were no properties acquired during the year ended December 31, 2011:
	Portfolio		Number of Properties		Base Purchase Price (1)
					(In thousands)
	Year ended December 31, 2012		2		$	54,182
	Year ended December 31, 2013		1		53,450
	Total portfolio as of December 31, 2013		3		$	107,632
	_____________________
	-1	Contract purchase price, excluding acquisition related costs.
Proforma Revenue and Losses Disclosure	'
	The following table presents unaudited pro forma information as if the acquisition during the year ended December 31, 2013, had been consummated on January 1, 2011. Additionally, the unaudited pro forma net loss was adjusted to reclassify acquisition and transaction related expense of $1.0 million from the year ended December 31, 2013 to the year ended December 31, 2011:
			Year Ended December 31,
	(In thousands)		2013				2012			2011
	Pro forma revenues		$	10,903			$	6,357		$	5,078
	Pro forma net loss		$	(4,972	)		$	(3,826	)	$	(2,920	)
Schedule of Future Minimum Rental Payments for Operating Leases	'
	The following table presents future minimum base rent payments on a cash basis due to the Company over the next five years and thereafter for the properties the Company owned as of December 31, 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
	2014		$	8,210
	2015		7,801
	2016		7,451
	2017		7,208
	2018		5,734
	Thereafter		5,464
			$	41,868
Schedule of Annualized Rental Income by Major Tenants	'
	The following table lists the tenants (including, for this purpose, all affiliates of such tenants) whose annualized rental income on a straight-line basis represented 10.0% or greater of consolidated annualized rental income for all portfolio properties on a straight-line basis as of December 31, 2013 and 2012. There were no properties acquired as of December 31, 2011:
			December 31,
	Tenant		2013		2012
	Toys "R" Us - Delaware, Inc.		10.30%		19.30%
	The Container Store, Inc.		*		11.70%
	_____________________
	* Tenant's annualized rental income on a straight-line basis was not greater than or equal to 10.0% of consolidated annualized rental income for all portfolio properties as of the date 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 10.0% or greater of consolidated annualized rental income on a straight-line basis as of December 31, 2013 and 2012. There were no properties acquired as of December 31, 2011:
			December 31,
	State		2013		2012
	Missouri		46.80%		*
	Texas		53.20%		100.00%
	____________________________
	*	State's annualized rental income on a straight-line basis was not greater than or equal to 10.0% of consolidated annualized rental income for all portfolio properties as of the period specified.

Mortgage_Notes_Payable_Tables

Mortgage Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2013
Debt Disclosure [Abstract]	'
Schedule of Mortgage Notes Payable	'
	The Company's mortgage notes payable as of December 31, 2013 and 2012 consist of the following:
					Outstanding Loan Amount as of				Effective Interest Rate as of
					December 31,				December 31,
	Portfolio		Encumbered Properties		2013		2012		2013			2012			Interest Rate		Maturity Date
					(In thousands)		(In thousands)
	Liberty Crossing - Original Loan (1) (2)		—		$	—	$	16,200	—	%		5.58	%		Variable		Refinanced June 2013
	Liberty Crossing - Refinanced Loan (1)		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) (3)		—		—		6,540		—	%		10.14	%		Fixed		Fully paid down in May 2013
	Tiffany Springs (1)		1		34,098		—		4.44	%		—	%		Fixed	(4)	Oct. 2018
	Total		3		$	63,083	$	40,725	4.29	%	(5)	5.52	%	(5)
	_________________________________
	-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 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	Fixed through an interest rate swap agreement.
	-5	Calculated on a weighted-average basis for all mortgages outstanding as of December 31, 2013 and 2012.
Schedule of Aggregate Principal Payments of Mortgages	'
	(In thousands)		Future Principal Payments
	2014		$	—
	2015		—
	2016		—
	2017		—
	2018		63,083
	Thereafter		—
			$	63,083

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2013
Fair Value Disclosures [Abstract]	'
Fair Value, 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 December 31, 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	$	—			$	(98	)		$	—			$	(98	)
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		December 31, 2013				December 31, 2013				December 31, 2012				December 31, 2012
	Mortgage notes payable	3		$	63,083			$	62,824			$	40,725			$	41,007
	Notes payable	3		$	—			$	—			$	7,235			$	7,265

Derivatives_and_Hedging_Activi1

Derivatives and Hedging Activities (Tables)	12 Months Ended
	Dec. 31, 2013
Derivatives and Hedging Instruments [Abstract]	'
Schedule of Interest Rate Derivatives	'
	As of December 31, 2013, the Company had the following outstanding interest rate derivative that was designated as a cash flow hedge 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 December 31, 2013. There were no derivative instruments as of December 31, 2012:
	(In thousands)	Balance Sheet Location		December 31, 2013
	Derivatives designated as hedging instruments:
	Interest Rate Swap	Derivatives, at fair value		$	(98	)
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 year ended December 31, 2013. The Company had no derivatives during the year ended December 31, 2012:
	(In thousands)	Year Ended December 31, 2013
	Amount of gain (loss) recognized in accumulated other comprehensive loss from interest rate derivatives (effective portion)	$	(225	)
	Amount of gain (loss) reclassified from accumulated other comprehensive loss into income as interest expense (effective portion)	$	(127	)
	Amount of loss recognized in income on derivative (ineffective portion, reclassifications of missed forecasted transactions and amounts excluded from effectiveness testing)	$	—
Offsetting Liabilities	'
	The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company's derivatives as of December 31, 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 consolidated balance sheet:
											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
	December 31, 2013	$	(98	)		$	—	$	(98	)	$	—	$	—	$	(98	)

Related_Party_Transactions_and1

Related Party Transactions and Arrangements (Tables)	12 Months Ended
	Dec. 31, 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 years ended December 31, 2013, 2012 and 2011 and payable to the Dealer Manager as of December 31, 2013 and 2012. No such selling commissions and dealer manager fees were incurred by the Company during the year ended December 31, 2011:
			Year Ended December 31,						Payable as of December 31,
	(In thousands)		2013		2012		2011		2013		2012
	Total commissions and fees from the Dealer Manager		$	5,711	$	561	$	—	$	46	$	—
Schedule Of Offering Costs Reimbursements to Related Party	'
	The following table details offering costs and reimbursements incurred during the years ended December 31, 2013, 2012 and 2011 and payable to the Advisor and Dealer Manager as of December 31, 2013 and 2012:
			Year Ended December 31,						Payable as of December 31,
	(In thousands)		2013		2012		2011		2013		2012
	Fees and expense reimbursements from the Advisor and Dealer Manager		$	1,361	$	1,596	$	1,723	$	4,609	$	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 years ended December 31, 2013 and 2012 and amounts contractually due as of December 31, 2013 and 2012 in connection with the operations related services described above. No such fees were incurred or forgiven during the year ended December 31, 2011:
			Year Ended December 31,
			2013				2012				Payable as of December 31,
	(In thousands)		Incurred		Forgiven		Incurred		Forgiven		2013		2012
	One-time fees and reimbursements:
	Acquisition fees and related cost reimbursements		$	802	$	—	$	820	$	—	$	—	$	820
	Financing coordination fees		409		—		407		—		—		407
	Other expense reimbursements		—		—		—		—		—		—
	Ongoing fees:
	Asset management fees (1)		—		18		—		93		—		—
	Property management and leasing fees		—		72		—		13		—		—
	Strategic advisory fees		495		—		—		—		—		—
	Total related party operation fees and reimbursements		$	1,706	$	90	$	1,227	$	106	$	—	$	1,227
	_________________________________
	-1	These fees have been waived. Effective October 1, 2013, the Company expects to issue (subject to approval by the board of directors) to the Advisor restricted performance-based Class B Units for asset management services, which will be forfeited immediately if certain conditions occur.

ShareBased_Compensation_Tables

Share-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2013
Share-based Compensation [Abstract]	'
Schedule of Share-based Compensation, Activity	'
	The following table reflects restricted share award activity for the years ended December 31, 2013, 2012 and 2011:
		Number of Shares of Restricted Stock			Weighted-Average Issue Price Per Share
	Unvested, January 1, 2011	—			$	—
	Granted	9,000			10
	Unvested, December 31, 2011	9,000			10
	Granted	15,000			9.2
	Vested	(1,200	)		10
	Forfeitures	(9,000	)		9.67
	Unvested, December 31, 2012	13,800			9.35
	Granted	9,000			9
	Vested	(3,000	)		9.43
	Unvested, December 31, 2013	19,800			$	9.18
Schedule of Share-based Compensation, Activity for Services	'
	The following table reflects the shares of common stock issued to directors in lieu of cash compensation:
			Year Ended December 31,
			2013				2012		2011
	Shares issued in lieu of cash		—				—		4,056
	Value of shares issued in lieu of cash (in thousands)		$	—			$	—	$	37

Net_Loss_Per_Share_Tables

Net Loss Per Share (Tables)	12 Months Ended
	Dec. 31, 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 years ended December 31, 2013, 2012 and 2011:
		Year Ended December 31,
	(In thousands, except share and per share data)	2013			2012			2011
	Net loss	$	(4,704	)	$	(2,202	)	$	(313	)
	Basic and diluted weighted-average shares outstanding	3,216,903			358,267			21,000
	Basic and diluted net loss per share	$	(1.46	)	$	(6.15	)	NM
	________________
	NM - not meaningful

Quarterly_Results_Unaudited_Ta

Quarterly Results (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]	'
Schedule of Quarterly Financial Information [Table Text Block]	'
	Presented below is a summary of the unaudited quarterly financial information for the years ended December 31, 2013, 2012 and 2011:
		Quarters Ended
	(In thousands, except share and per share data)	March 31,			June 30,			September 30,					December 31,
		2013			2013			2013					2013
	Total revenues	$	1,397		$	1,386		$	1,694				$	2,684
	Net loss	(1,052		)	(1,051		)	(1,510		)	—		(1,091		)
	Basic and diluted weighted-average shares outstanding	969,506			2,063,622			3,785,878					5,987,213
	Basic and diluted net loss per share	$	(1.09	)	$	(0.51	)	$	(0.40	)			$	(0.18	)
		Quarters Ended
	(In thousands, except share and per share data)	March 31,			June 30,			September 30,				December 31,
		2012			2012			2012				2012
	Total revenues	$	—		$	112		$	518			$	636
	Net loss	(106		)	(665		)	(431		)		(1,000		)
	Basic and diluted weighted-average shares outstanding	74,924			301,023			369,628				683,789
	Basic and diluted net loss per share	$	(1.41	)	$	(2.21	)	$	(1.17	)		$	(1.48	)
		Quarters Ended
	(In thousands, except share and per share data)	March 31,			June 30,			September 30,				December 31,
		2011			2011			2011				2011
	Total revenues	$	—		$	—		$	—			$	—
	Net loss	(16		)	(99		)	(89		)		(109		)
	Basic and diluted weighted-average shares outstanding	20,000			20,000			20,000				23,967
	Basic and diluted net loss per share	NM			NM			NM				NM
	________________________
	NM - not meaningful

Subsequent_Events_Tables

Subsequent Events (Tables)	12 Months Ended
	Dec. 31, 2013
Subsequent Events [Abstract]	'
Schedule of Subsequent Events	'
	Total capital raised to date from the IPO and the DRIP is as follows:
	Source of Capital (in thousands)	Inception to		January 1 to		Total as of February 28, 2014
		December 31,		February 28,
		2013		2014
	Shares of common stock	$	71,315	$	81,872	$	153,187

Organization_Details

Organization (Details) (USD $)	29 Months Ended	41 Months Ended
In Millions, except Share data, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Mar. 17, 2011	Mar. 17, 2011	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
		sqft	Minimum [Member]	Common Stock [Member]	Common Stock [Member]	Common Stock [Member]	Advisor [Member]	Advisor [Member]	Advisor [Member]
		property				Minimum [Member]	American Realty Capital Retail Advisor, LLC [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	'	'	'
Percent of estimated value of a share of common stock	'	'	'	'	'	95.00%	'	'	'
Common Stock, shares outstanding	834,118	7,253,833	'	'	'	'	'	'	'
Proceeds from Issuance of stock	$7.90	$71.30	'	'	'	'	'	'	'
Aggregate value of all issuances and subscriptions of common stock outstanding	'	72.3	'	'	'	'	'	'	'
Total real estate investments, at cost	'	$107.60	$20	'	'	'	'	'	'
Required occupancy rate for acquisition targets	'	'	80.00%	'	'	'	'	'	'
Number of real estate properties	'	3	'	'	'	'	'	'	'
Square Feet	'	500,000	'	'	'	'	'	'	'
Real Estate Property, Occupancy Rate	'	92.40%	'	'	'	'	'	'	'
Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest, Units	'	'	'	'	'	'	202	202	202

Summary_of_Significant_Account3

Summary of Significant Accounting Policies Summary Of Significant Accounting Policies (Details) (USD $)

11 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

12 Months Ended

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Mar. 05, 2012

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Minimum [Member]

Minimum [Member]

Maximum [Member]

One Year [Member]

One Year [Member]

Two Years [Member]

Two Years [Member]

Three Years [Member]

Three Years [Member]

Four Years [Member]

Four Years [Member]

Stockholders' Equity, Total [Member]

Stockholders' Equity, Total [Member]

Distribution Reinvestment Plan [Member]

Minimum [Member]

Maximum [Member]

Minimum [Member]

Maximum [Member]

Minimum [Member]

Maximum [Member]

Minimum [Member]

Maximum [Member]

Class of Stock [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Minimum subscription required to break escrow

'

$62,311,000

$7,671,000

$0

'

$2,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Buildings, Useful Life

'40 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Land Improvements, Useful Life

'15 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fixtures, Useful life

'5 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Lease Up Period

'

'

'

'

'

'

'6 months

'12 months

'

'

'

'

'

'

'

'

'

'

'

Real Estate Property, Weighted Average Remaining Lease Term

'

'

'

'

'

'

'1 year

'11 years

'

'

'

'

'

'

'

'

'

'

'

Money Market Funds, at Carrying Value

100,000

100,000

49,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cash and cash equivalents

13,295,000

13,295,000

278,000

0

1,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cash in excess of FDIC limit

12,600,000

12,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Repurchase Price, Share Repurchase Program

'

'

'

'

'

'

'

'

$9.25

'

$9.50

'

$9.75

'

$10

'

'

'

'

Repurchase Price, Share Repurchase Program, Percentage of Value of Capital Paid

'

'

'

'

'

'

'

'

'

92.50%

'

95.00%

'

97.50%

'

100.00%

'

'

'

Stock Repurchase Program, Annual Authorized Amount as a Percentage of Net Asset Value

5.00%

5.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock Repurchase Program, Quarterly Authorized Amount as a Percentage of Net Asset Value

1.25%

1.25%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock Issued During Period, Shares, Dividend Reinvestment Plan

'

100,000

1,993

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock issued through distribution reinvestment plan

'

$663,000

$19,000

$0

'

'

'

'

'

'

'

'

'

'

'

'

$663,000

$19,000

'

Common stock, par value, in dollars per share

$0.01

$0.01

$0.01

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.01

Liability for Initial Public Offering Costs, Percentage of Gross Proceeds

'

'

'

'

'

'

'

1.50%

'

'

'

'

'

'

'

'

'

'

'

Liability for Gross Initial Public Offering Costs, Percentage of Gross Proceeds

'

'

'

'

'

'

'

11.50%

'

'

'

'

'

'

'

'

'

'

'

Summary_of_Significant_Account4

Summary of Significant Accounting Policies Intangible Assets Table (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Accounting Policies [Abstract]	'	'
In-place leases, net of accumulated amortization of $2,089 and $451 at December 31, 2013 and 2012, respectively	$9,511	$6,285
Above-market leases, net of accumulated amortization of $489 and $35 at December 31, 2013 and 2012, respectively	4,509	1,894
Total intangible assets, net	14,020	8,179
Below-market leases, net of accumulated accretion of $74 and $17 at December 31, 2013 and 2012, respectively	912	858
Total intangible liabilities, net	912	858
Accumulated Amortization, Finite-Lived Intangible Asset, Acquired-in-Place-Leases	2,090	451
Accumulated Amortization, Finite-Lived Intangible Asset, Off-Market Lease, Favorable	489	35
Accumulated Amortization, Finite-Lived Intangible Liabilities, Off-Market Lease, Unfavorable	$74	$17

Summary_of_Significant_Account5

Summary of Significant Accounting Policies Future Amortization of Intangibles Table (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Acquired Finite-Lived Intangible Assets [Line Items]	'	'	'
Amortization of in-place lease assets	$2,079	$451	$0
Leases, Acquired-in-Place [Member]	'	'	'
Acquired Finite-Lived Intangible Assets [Line Items]	'	'	'
Period of Amortization for Intangible Asset	'4 years 10 months 6 days	'	'
Above Market Leases [Member]	'	'	'
Acquired Finite-Lived Intangible Assets [Line Items]	'	'	'
Period of Amortization for Intangible Asset	'5 years 2 months 4 days	'	'
Below Market Lease [Member]	'	'	'
Acquired Finite-Lived Intangible Assets [Line Items]	'	'	'
Period of Amortization for Intangible Asset	'5 years 1 month 6 days	'	'
One Year [Member]	'	'	'
Acquired Finite-Lived Intangible Assets [Line Items]	'	'	'
Amortization of in-place lease assets	-859	'	'
One Year [Member] | Leases, Acquired-in-Place [Member]	'	'	'
Acquired Finite-Lived Intangible Assets [Line Items]	'	'	'
Amortization of in-place lease assets	2,256	'	'
One Year [Member] | Above Market Leases [Member]	'	'	'
Acquired Finite-Lived Intangible Assets [Line Items]	'	'	'
Amortization of in-place lease assets	-927	'	'
One Year [Member] | Below Market Lease [Member]	'	'	'
Acquired Finite-Lived Intangible Assets [Line Items]	'	'	'
Amortization of in-place lease assets	68	'	'
Two Years [Member]	'	'	'
Acquired Finite-Lived Intangible Assets [Line Items]	'	'	'
Amortization of in-place lease assets	-862	'	'
Two Years [Member] | Leases, Acquired-in-Place [Member]	'	'	'
Acquired Finite-Lived Intangible Assets [Line Items]	'	'	'
Amortization of in-place lease assets	1,847	'	'
Two Years [Member] | Above Market Leases [Member]	'	'	'
Acquired Finite-Lived Intangible Assets [Line Items]	'	'	'
Amortization of in-place lease assets	-925	'	'
Two Years [Member] | Below Market Lease [Member]	'	'	'
Acquired Finite-Lived Intangible Assets [Line Items]	'	'	'
Amortization of in-place lease assets	63	'	'
Three Years [Member]	'	'	'
Acquired Finite-Lived Intangible Assets [Line Items]	'	'	'
Amortization of in-place lease assets	-822	'	'
Three Years [Member] | Leases, Acquired-in-Place [Member]	'	'	'
Acquired Finite-Lived Intangible Assets [Line Items]	'	'	'
Amortization of in-place lease assets	1,680	'	'
Three Years [Member] | Above Market Leases [Member]	'	'	'
Acquired Finite-Lived Intangible Assets [Line Items]	'	'	'
Amortization of in-place lease assets	-884	'	'
Three Years [Member] | Below Market Lease [Member]	'	'	'
Acquired Finite-Lived Intangible Assets [Line Items]	'	'	'
Amortization of in-place lease assets	62	'	'
Four Years [Member]	'	'	'
Acquired Finite-Lived Intangible Assets [Line Items]	'	'	'
Amortization of in-place lease assets	-821	'	'
Four Years [Member] | Leases, Acquired-in-Place [Member]	'	'	'
Acquired Finite-Lived Intangible Assets [Line Items]	'	'	'
Amortization of in-place lease assets	1,594	'	'
Four Years [Member] | Above Market Leases [Member]	'	'	'
Acquired Finite-Lived Intangible Assets [Line Items]	'	'	'
Amortization of in-place lease assets	-878	'	'
Four Years [Member] | Below Market Lease [Member]	'	'	'
Acquired Finite-Lived Intangible Assets [Line Items]	'	'	'
Amortization of in-place lease assets	57	'	'
Five Years [Member]	'	'	'
Acquired Finite-Lived Intangible Assets [Line Items]	'	'	'
Amortization of in-place lease assets	-569	'	'
Five Years [Member] | Leases, Acquired-in-Place [Member]	'	'	'
Acquired Finite-Lived Intangible Assets [Line Items]	'	'	'
Amortization of in-place lease assets	1,245	'	'
Five Years [Member] | Above Market Leases [Member]	'	'	'
Acquired Finite-Lived Intangible Assets [Line Items]	'	'	'
Amortization of in-place lease assets	-626	'	'
Five Years [Member] | Below Market Lease [Member]	'	'	'
Acquired Finite-Lived Intangible Assets [Line Items]	'	'	'
Amortization of in-place lease assets	$57	'	'

Summary_of_Significant_Account6

Summary of Significant Accounting Policies Share repurchases (Details) (Approved [Member], USD $)	12 Months Ended			41 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2013
	request	request	request	request
Approved [Member]	'	'	'	'
Schedule of Shares Repurchased [Line Items]	'	'	'	'
Number of Share Repurchase Requests	1	0	0	1
Stock Repurchased During Period, Shares	8,674	0	0	8,674
Treasury Stock Acquired, Average Cost Per Share	$9.98	$0	$0	$9.98

Real_Estate_Investments_Schedu

Real Estate Investments (Schedule of Assets and Liabilities Assumed) (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012
	property		property
Real estate investments, at cost:	'		'
Land	$15,757	[1]	$12,435
Buildings, fixtures and improvements	28,834	[1]	33,957
Total tangible real estate investments	44,591		46,392
Total intangible real estate investments	8,295		7,790
Land held for sale	564	[2]	0
Total assets acquired, net	53,450		54,182
Mortgage notes payable used to acquire real estate investments	-40,875		-40,725
Other liabilities assumed	0		-555
Cash paid for acquired real estate investments and land held for sale	12,575		12,902
Number of properties purchased	1		2
In-Place Leases [Member]	'		'
Real estate investments, at cost:	'		'
Acquired intangibles:	5,305		6,736
Above Market Leases [Member]	'		'
Real estate investments, at cost:	'		'
Acquired intangibles:	3,101		1,929
Below Market Lease [Member]	'		'
Real estate investments, at cost:	'		'
Acquired intangibles:	($111)		($875)
[1]	Land, buildings, fixtures and improvements acquired during the year ended DecemberB 31, 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 year ended DecemberB 31, 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.

Real_Estate_Investments_Purcha

Real Estate Investments (Purchase Price of Acquired Properties) (Details) (USD $)	12 Months Ended				41 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2013
	property		property		property
Real Estate [Abstract]	'		'		'
Number of Real Estate Properties Acquired	1		2		3
Business Acquisition, Cost of Acquired Entities Throughout Period, Purchase Price	$53,450	[1]	$54,182	[1]	$107,632	[1]
[1]	Contract purchase price, excluding acquisition related costs.

Real_Estate_Investments_Schedu1

Real Estate Investments (Schedule of Pro Forma Revenues and Losses) (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Real Estate [Abstract]	'	'	'
Acquisition and transaction related	$978	$987	$0
Pro forma revenues	10,903	6,357	5,078
Pro forma net loss	($4,972)	($3,826)	($2,920)

Real_Estate_Investments_Schedu2

Real Estate Investments (Schedule of Future Minimum Rental Payments for Operating Leases) (Details) (USD $)	Dec. 31, 2013
In Thousands, unless otherwise specified
Real Estate [Abstract]	'
2014	$8,210
2015	7,801
2016	7,451
2017	7,208
2018	5,734
Thereafter	5,464
Total	$41,868

Real_Estate_Investments_Schedu3

Real Estate Investments (Schedule of Annualized Rental Income by Major Tenants) (Details)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Toys R Us - Delaware, Inc. [Member]	'	'
Revenue, Major Customer [Line Items]	'	'
Major tenant rental income, as a percentage of total annualized rental income	10.30%	19.30%
The Container Store, Inc. [Member]	'	'
Revenue, Major Customer [Line Items]	'	'
Major tenant rental income, as a percentage of total annualized rental income	'	11.70%

Real_Estate_Investments_Schedu4

Real Estate Investments (Schedule of Revenue from External Customers and Long-Lived Assets, by Geographic Areas) (Details)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
MISSOURI	'	'
Revenues from External Customers and Long-Lived Assets [Line Items]	'	'
Entity Wide Revenue, Major State, Percentage	46.80%	'
TEXAS	'	'
Revenues from External Customers and Long-Lived Assets [Line Items]	'	'
Entity Wide Revenue, Major State, Percentage	53.20%	100.00%

Notes_Payable_Details

Notes Payable (Details) (USD $)	12 Months Ended						0 Months Ended	1 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Jun. 05, 2012	Dec. 31, 2013	Dec. 21, 2012	Sep. 27, 2013	31-May-13
					Notes Payable, Other Payables [Member]	Sponsor [Member]	Sponsor [Member]	Sponsor [Member]
						American Realty Capital IV, LLC [Member]	American Realty Capital IV, LLC [Member]	American Realty Capital IV, LLC [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%	'	'
Notes payable	0	7,235,000	'	'	3,000,000	'	'	'
Note Payable, Exit Fee as a Percentage Of Original Loan Amount	'	'	'	1.00%	'	'	'	'
Note Payable, Exit Fee	30,000	'	'	'	'	'	'	'
Repayments of Notes Payable	$7,235,000	$0	$0	'	'	'	$2,700,000	$1,500,000

Mortgage_Notes_Payable_Schedul

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

Dec. 31, 2013

Dec. 31, 2012

Jun. 05, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Jun. 28, 2013

Jun. 27, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Apr. 30, 2013

Dec. 31, 2012

Jun. 28, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 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]

property

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]

property

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]

property

property

property

property

Debt Instrument [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Encumbered Properties, in properties

'

'

'

3

'

1

[1]

'

'

'

1

[1]

'

0

[1],[2]

'

'

'

0

[1],[3]

'

1

[1]

'

Outstanding Loan Amount

$63,083,000

$40,725,000

'

$63,083,000

$40,725,000

$34,098,000

[1]

$0

[1]

'

'

$17,985,000

[1]

$17,985,000

[1]

$0

[1],[2]

'

$6,540,000

[1],[2]

'

$0

[1],[3]

$16,200,000

[1],[3]

$11,000,000

[1]

$0

[1]

Effective Interest Rate

'

'

'

'

'

4.44%

[1],[4]

0.00%

[1]

'

'

3.79%

[1]

3.79%

[1]

0.00%

[1],[2]

'

10.14%

[1],[2]

'

0.00%

[1],[3]

5.58%

[1],[3]

4.66%

[1]

0.00%

[1]

Debt Instrument, Interest Rate, Stated Percentage

'

'

8.00%

'

'

'

'

'

0.50%

'

'

'

10.00%

'

'

'

'

'

'

Debt Instrument, Basis Spread on Variable Rate

'

'

'

'

'

'

'

5.00%

'

'

'

'

'

'

'

'

'

'

'

Debt, Weighted Average Interest Rate

'

'

'

4.29%

[5]

5.52%

[5]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Write off of Deferred Debt Issuance Cost

'

'

'

'

'

'

'

'

'

'

'

'

'

'

74,000

'

'

'

'

Write Off of Penalties, Interest and Fees in Debt Extinguishment

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$56,000

'

'

'

'

[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]

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.

[3]

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."

[4]

Fixed through an interest rate swap agreement.

[5]

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

Mortgage_Notes_Payable_Schedul1

Mortgage Notes Payable (Schedule Of Aggregate Future Principal Payments On Mortgage Notes Payable) (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Debt Instrument [Line Items]	'	'
Total	$63,083	$40,725
Mortgage Notes Payable [Member]	'	'
Debt Instrument [Line Items]	'	'
2014	0	'
2015	0	'
2016	0	'
2017	0	'
2018	63,083	'
Thereafter	0	'
Total	$63,083	$40,725

Fair_Value_of_Financial_Instru2

Fair Value of Financial Instruments (Fair Value, by Balance Sheet Grouping) (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Derivative Liability	($98)	$0
Fair Value, Inputs, Level 3 [Member] | Mortgage Notes Payable [Member] | Carrying Amount [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Debt, fair value	63,083	40,725
Fair Value, Inputs, Level 3 [Member] | Mortgage Notes Payable [Member] | Estimate of Fair Value Measurement [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Debt, fair value	62,824	41,007
Fair Value, Inputs, Level 3 [Member] | Notes Payable [Member] | Carrying Amount [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Debt, fair value	0	7,235
Fair Value, Inputs, Level 3 [Member] | Notes Payable [Member] | Estimate of Fair Value Measurement [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Debt, fair value	0	7,265
Interest Rate Swap [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Derivative Liability	0	'
Interest Rate Swap [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Derivative Liability	-98	'
Interest Rate Swap [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Derivative Liability	0	'
Interest Rate Swap [Member] | Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value Measurement [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Derivative Liability	($98)	'

Derivatives_and_Hedging_Activi2

Derivatives and Hedging Activities (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Derivative [Line Items]	'	'	'
Amount of gain (loss) recognized in accumulated other comprehensive loss from interest rate derivatives (effective portion)	($98,000)	$0	$0
Gross Amounts of Recognized Liabilities	-98,000	'	'
Gross Amounts Offset on the Balance Sheet	0	'	'
Net Amounts of Liabilities presented on the Balance Sheet	-98,000	0	'
Financial Instruments	0	'	'
Cash Collateral Received (Posted)	0	'	'
Net Amount	-98,000	'	'
Interest rate derivatives, at fair value, including adjustments for nonperformance risk	100,000	'	'
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Swap [Member]	'	'	'
Derivative [Line Items]	'	'	'
Number of Instruments	1	'	'
Notional Amount	34,098,000	'	'
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	500,000	'	'
Derivative Financial Instruments, Liabilities [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Swap [Member]	'	'	'
Derivative [Line Items]	'	'	'
Interest Rate Derivative Liabilities, at Fair Value	-98,000	'	'
Interest Rate Swap [Member] | Cash Flow Hedging [Member]	'	'	'
Derivative [Line Items]	'	'	'
Amount of gain (loss) recognized in accumulated other comprehensive loss from interest rate derivatives (effective portion)	-225,000	'	'
Amount of loss recognized in income on derivative (ineffective portion, reclassifications of missed forecasted transactions and amounts excluded from effectiveness testing)	0	'	'
Interest Rate Swap [Member] | Interest Expense [Member] | Cash Flow Hedging [Member]	'	'	'
Derivative [Line Items]	'	'	'
Amount of gain (loss) reclassified from accumulated other comprehensive loss into income as interest expense (effective portion)	-127,000	'	'
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]	'	'	'
Derivative [Line Items]	'	'	'
Assets Needed for Immediate Settlement, Aggregate Fair Value	$100,000	'	'

Common_Stock_Details

Common Stock (Details) (USD $)	24 Months Ended	29 Months Ended	41 Months Ended
In Millions, except Share data, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012	Dec. 31, 2013
Stockholders' Equity Note [Abstract]	'	'	'
Common stock, shares outstanding	'	834,118	7,253,833
Proceeds from Issuance of stock	'	$7.90	$71.30
Common Stock, Dividends, Per Share Per Day, Declared	$0.00	'	'
Common Stock, Dividends, Per Share, Declared	$0.64	'	'

Related_Party_Transactions_and2

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

12 Months Ended

41 Months Ended

12 Months Ended

12 Months Ended

12 Months Ended

12 Months Ended

0 Months Ended

1 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Jun. 05, 2012

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 21, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Sep. 27, 2013

31-May-13

Maximum [Member]

Strategic Advisory Fees [Member]

Sponsor and Entity Wholly Owned by Sponsor [Member]

Sponsor and Entity Wholly Owned by Sponsor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Sponsor [Member]

Advisor and Dealer Manager [Member]

Advisor and Dealer Manager [Member]

Advisor and Dealer Manager [Member]

Gross Proceeds, Initial Public Offering [Member]

Gross Proceeds, Common Stock [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]

Pre-tax Non-compounded Return on Capital Contribution [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 Tenant Finish-out on Property [Member]

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

Contract Sales Price [Member]

Contract Sales Price [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]

Sales Commissions and Dealer Manager Fees [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 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]

Property operating expenses absorbed [Member]

Property operating expenses absorbed [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]

Dealer Manager [Member]

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]

Sponsor [Member]

Sponsor [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 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]

Realty Capital Securities, LLC [Member]

Realty Capital Securities, 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]

Annual Targeted Investor Return [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]

Brokerage Commission Fees [Member]

Real Estate Commissions [Member]

American Realty Capital Retail Advisor, LLC [Member]

American Realty Capital Retail Advisor, LLC [Member]

American Realty Capital IV, LLC [Member]

American Realty Capital IV, LLC [Member]

Maximum [Member]

Maximum [Member]

Maximum [Member]

Maximum [Member]

Maximum [Member]

American Realty Capital Retail Advisor, LLC [Member]

Maximum [Member]

Maximum [Member]

American Realty Capital Retail Advisor, LLC [Member]

American Realty Capital Retail Advisor, 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

202

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Face Amount

'

'

'

'

$3,000,000

'

'

'

'

'

'

'

'

'

'

'

$4,200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Repayments of Notes Payable

7,235,000

0

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%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Related Party Transaction, Expenses from Transactions with Related Party

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,361,000

1,596,000

1,723,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Due to Affiliate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4,609,000

3,533,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Liability for Initial Public Offering Costs, Percentage of Gross Proceeds

'

'

'

'

'

1.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate costs borne by related party

'

'

'

'

'

'

'

'

'

7,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate Offering Costs, as a Percentage of Gross Common Stock Proceeds

'

'

'

'

'

15.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cumulative offering costs, net of unpaid amounts

'

'

'

14,900,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Related Party Transaction, Acquisition Fees Earned by Related Party, Percentage of Benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Related Party Transaction, Financing Advance Fees Earned by Related Party, Percentage of Benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.50%

'

1.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Related Party Transaction, Acquisition Fees and Acquisition Related Expenses Earned by Related Party, Percentage of Benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Related Party Transaction, Acquisition and Financing Coordination Fees Earned by Related Party, 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%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Related Party Transaction, Cumulative Capital Investment Return, as a Percentage of Benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

7.00%

'

'

'

'

'

'

'

'

'

'

'

'

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

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.19%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Per share value, in dollars per share

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$9.50

'

'

Property management fees as a percentage of benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.00%

4.00%

'

'

'

'

'

'

'

'

'

'

Related Party Transaction, Oversight Fees Earned by Related Party, Percentage of Benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.00%

'

'

'

'

'

'

'

'

'

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

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6.00%

'

'

'

'

'

'

'

'

Amortization Period of Related Party Fee, In Months

'

'

'

'

'

'

'19 months

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Related Party Transaction, Operating Expenses as a Percentage of Benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.00%

'

'

'

'

'

25.00%

'

'

'

'

'

'

'

Related Party Transaction, Amounts of Transaction

'

'

'

'

'

'

'

'

'

'

'

'

$700,000

$100,000

$41,000

$44,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Related Party Transaction, Real Estate Commission Earned by Related Party, 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, Subordinated Incentive Listing Distribution, Percentage of 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 $)	12 Months Ended
	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Acquisition and Related Expenses [Member] | Nonrecurring Fees [Member]	'		'		'
Related Party Transaction [Line Items]	'		'		'
Due to Affiliate	$0		$820,000		'
Acquisition and Related Expenses [Member] | Nonrecurring Fees [Member] | Incurred [Member]	'		'		'
Related Party Transaction [Line Items]	'		'		'
Related party operation fees and reimbursements	802,000		820,000		'
Acquisition and Related Expenses [Member] | Nonrecurring Fees [Member] | Forgiven [Member]	'		'		'
Related Party Transaction [Line Items]	'		'		'
Related party operation fees and reimbursements	0		0		'
Financing Coordination Fees [Member] | Nonrecurring Fees [Member]	'		'		'
Related Party Transaction [Line Items]	'		'		'
Due to Affiliate	0		407,000		'
Financing Coordination Fees [Member] | Nonrecurring Fees [Member] | Incurred [Member]	'		'		'
Related Party Transaction [Line Items]	'		'		'
Related party operation fees and reimbursements	409,000		407,000		'
Financing Coordination Fees [Member] | Nonrecurring Fees [Member] | Forgiven [Member]	'		'		'
Related Party Transaction [Line Items]	'		'		'
Related party operation fees and reimbursements	0		0		'
Other Expense Reimbursements [Member] | Nonrecurring Fees [Member]	'		'		'
Related Party Transaction [Line Items]	'		'		'
Due to Affiliate	0		0		'
Other Expense Reimbursements [Member] | Nonrecurring Fees [Member] | Incurred [Member]	'		'		'
Related Party Transaction [Line Items]	'		'		'
Related party operation fees and reimbursements	0		0		'
Other Expense Reimbursements [Member] | Nonrecurring Fees [Member] | Forgiven [Member]	'		'		'
Related Party Transaction [Line Items]	'		'		'
Related party operation fees and reimbursements	0		0		'
Asset Management Fees [Member] | Recurring Fees [Member]	'		'		'
Related Party Transaction [Line Items]	'		'		'
Due to Affiliate	0		0		'
Asset Management Fees [Member] | Recurring Fees [Member] | Incurred [Member]	'		'		'
Related Party Transaction [Line Items]	'		'		'
Related party operation fees and reimbursements	0		0		'
Asset Management Fees [Member] | Recurring Fees [Member] | Forgiven [Member]	'		'		'
Related Party Transaction [Line Items]	'		'		'
Related party operation fees and reimbursements	18,000	[1]	93,000	[1]	'
Property Management and Leasing Fees [Member] | Recurring Fees [Member]	'		'		'
Related Party Transaction [Line Items]	'		'		'
Due to Affiliate	0		0		'
Property Management and Leasing Fees [Member] | Recurring Fees [Member] | Incurred [Member]	'		'		'
Related Party Transaction [Line Items]	'		'		'
Related party operation fees and reimbursements	0		0		'
Property Management and Leasing Fees [Member] | Recurring Fees [Member] | Forgiven [Member]	'		'		'
Related Party Transaction [Line Items]	'		'		'
Related party operation fees and reimbursements	72,000		13,000		'
Strategic Advisory Fees [Member] | Recurring Fees [Member]	'		'		'
Related Party Transaction [Line Items]	'		'		'
Due to Affiliate	0		'		'
Strategic Advisory Fees [Member] | Recurring Fees [Member] | Incurred [Member]	'		'		'
Related Party Transaction [Line Items]	'		'		'
Related party operation fees and reimbursements	495,000		0		'
Strategic Advisory Fees [Member] | Recurring Fees [Member] | Forgiven [Member]	'		'		'
Related Party Transaction [Line Items]	'		'		'
Related party operation fees and reimbursements	0		0		'
Operation Fees and Reimbursements [Member]	'		'		'
Related Party Transaction [Line Items]	'		'		'
Due to Affiliate	0		1,227,000		'
Operation Fees and Reimbursements [Member] | Incurred [Member]	'		'		'
Related Party Transaction [Line Items]	'		'		'
Related party operation fees and reimbursements	1,706,000		1,227,000		'
Operation Fees and Reimbursements [Member] | Forgiven [Member]	'		'		'
Related Party Transaction [Line Items]	'		'		'
Related party operation fees and reimbursements	90,000		106,000		'
Dealer Manager [Member] | Realty Capital Securities, LLC [Member] | Sales Commissions and Dealer Manager Fees [Member]	'		'		'
Related Party Transaction [Line Items]	'		'		'
Related party operation fees and reimbursements	5,711,000		561,000		0
Due to Affiliate	46,000		0		'
Advisor and Dealer Manager [Member] | American Realty Capital Retail Advisor, LLC and Realty Capital Securities LLC [Member] | Fees and Expense Reimbursement, Stock Offering [Member]	'		'		'
Related Party Transaction [Line Items]	'		'		'
Related party operation fees and reimbursements	1,361,000		1,596,000		1,723,000
Due to Affiliate	$4,609,000		$3,533,000		'
[1]	These fees have been waived. Effective October 1, 2013, the Company expects to issue (subject to approval by the board of directors) to the Advisor restricted performance-based Class B Units for asset management services, which will be forfeited immediately if certain conditions occur.

ShareBased_Compensation_Detail

Share-Based Compensation (Details) (USD $)	12 Months Ended			41 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 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	'	'	'
Common Stock	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Stock Issued During Period, Value, Issued for Services	$0	$0	$37,000	'
Stock Issued During Period, Shares, Issued for Services	0	0	4,056	'
Stock Option Plan [Member] | Stock Options [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Options, fixed exercise price, in dollars per share	$10	'	'	$10
Number of shares authorized, in shares	500,000	'	'	500,000
Restricted Share Plan [Member] | Restricted Stock [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Automatic Grant	3,000	'	'	3,000
Periodic vesting percentage	20.00%	'	'	20.00%
Maximum authorized amount as a percentage of shares authorized	'	'	'	5.00%
Number of shares authorized, in shares	7,500,000	'	'	7,500,000
Share based compensation	27,000	15,000	14,000	'
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$200,000	'	'	$200,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	'3 years 8 months 14 days	'	'	'
Maximum [Member] | Contract Purchase Price [Member] | Restricted Share Plan [Member] | Restricted Stock [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Fair Value of Restricted Share Grants	6.00%	'	'	6.00%
Maximum [Member] | Disposition Fees [Member] | Restricted Share Plan [Member] | Restricted Stock [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Fair Value of Restricted Share Grants	3.00%	'	'	3.00%
Maximum [Member] | Pre-tax Non-compounded Return on Capital Contribution [Member] | Restricted Share Plan [Member] | Restricted Stock [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Fair Value of Restricted Share Grants	6.00%	'	'	6.00%
Advisor [Member] | Average Invested Assets [Member] | American Realty Capital Retail Advisor, LLC [Member] | Greater Of [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%
Advisor [Member] | Net Income, Excluding Additions to Non-cash Reserves and Gains on Sales of Assets [Member] | American Realty Capital Retail Advisor, LLC [Member] | Greater Of [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%
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%

ShareBased_Compensation_Restri

Share-Based Compensation Restricted Stock Activity (Details) (Restricted Stock [Member], USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2010
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	9,000	0	19,800	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$9.18	$9.35	$10	'	$0
Granted, Number of Shares, in shares	9,000	15,000	9,000	'	'
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$9	$9.20	$10	'	'
Vested, Number of Common Shares, in shares	-3,000	-1,200	'	'	'
Vested, Weighted-Average Issue Price, in dollars per share	$9.43	$10	'	'	'
Forfeitures, Number of Common Shares, in shares	'	-9,000	'	'	'
Forfeitures, Weighted-Average Issue Price, in dollars per share	'	$9.67	'	'	'

Net_Loss_Per_Share_Details

Net Loss Per Share (Details) (USD $)

3 Months Ended

12 Months Ended

In Thousands, except Share data, unless otherwise specified

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2011

Sep. 30, 2011

Jun. 30, 2011

Mar. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Earnings Per Share, Basic and Diluted, by Common Class, Including Two Class Method [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net loss

($1,091)

($1,510)

($1,051)

($1,052)

($1,000)

($431)

($665)

($106)

($109)

($89)

($99)

($16)

($4,704)

($2,202)

($313)

Basic and diluted weighted-average shares outstanding

5,987,213

3,785,878

2,063,622

969,506

683,789

369,628

301,023

74,924

23,967

20,000

20,000

20,000

3,216,903

358,267

21,000

Basic and diluted net loss per share

($0.18)

($0.40)

($0.51)

($1.09)

($1.48)

($1.17)

($2.21)

($1.41)

'

'

'

'

($1.46)

($6.15)

'

Restricted Stock [Member]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Earnings Per Share, Basic and Diluted, by Common Class, Including Two Class Method [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Antidilutive securities excluded from computation of earnings per share

'

'

'

'

'

'

'

'

'

'

'

'

19,800

'

'

Advisor [Member] | American Realty Capital Retail Advisor, LLC [Member]

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Earnings Per Share, Basic and Diluted, by Common Class, Including Two Class Method [Line Items]

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'

'

'

'

'

'

'

'

'

'

'

'

'

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

202

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'

'

202

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202

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202

202

202

Quarterly_Results_Unaudited_De

Quarterly Results (Unaudited) (Details) (USD $)	3 Months Ended												12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Sep. 30, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Quarterly Financial Information Disclosure [Abstract]	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Total revenues	$2,684	$1,694	$1,386	$1,397	$636	$518	$112	$0	$0	$0	$0	$0	$7,161	$1,266	$0
Net loss	($1,091)	($1,510)	($1,051)	($1,052)	($1,000)	($431)	($665)	($106)	($109)	($89)	($99)	($16)	($4,704)	($2,202)	($313)
Basic and diluted weighted-average shares outstanding	5,987,213	3,785,878	2,063,622	969,506	683,789	369,628	301,023	74,924	23,967	20,000	20,000	20,000	3,216,903	358,267	21,000
Earnings Per Share, Basic and Diluted	($0.18)	($0.40)	($0.51)	($1.09)	($1.48)	($1.17)	($2.21)	($1.41)	'	'	'	'	($1.46)	($6.15)	'

Subsequent_Events_Details

Subsequent Events (Details) (USD $)	12 Months Ended					43 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2013	Mar. 17, 2011	Feb. 28, 2014	Feb. 28, 2014
				Common Stock [Member]	Common Stock [Member]	Subsequent Event [Member]	Subsequent Event [Member]
							Common Stock [Member]
Subsequent Event [Line Items]	'	'	'	'	'	'	'
Common stock, shares outstanding	7,253,833	834,118	'	'	'	15,500,000	'
Proceeds from issuances of common stock	$62,311,000	$7,671,000	$0	'	'	$153,200,000	'
Aggregate value of all issuances and subscriptions of common stock outstanding	$72,300,000	'	'	'	'	$154,400,000	'
Per share value, in dollars per share	'	'	'	$10	$10	'	$10
Share Price, Dividend Reinvestment Plan	'	'	'	'	'	'	$9.50

Subsequent_Events_Schedule_of_

Subsequent Events (Schedule of Subsequent Events) (Details) (Common Stock, USD $)	41 Months Ended	2 Months Ended	43 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Feb. 28, 2014	Feb. 28, 2014
		Subsequent Event [Member]	Subsequent Event [Member]
Subsequent Event [Line Items]	'	'	'
Issuances of common stock	$71,315	$81,872	$153,187

Schedule_III_Real_Estate_and_A1

Schedule III Real Estate and Accumulated Depreciation (Details) (USD $)

11 Months Ended

12 Months Ended

43 Months Ended

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Feb. 28, 2014

Rowlett, TX [Member]

San Antonio, TX [Member]

Kansas City, MO [Member]

Subsequent Event [Member]

Liberty Crossing [Member]

San Pedro Crossing [Member]

Tiffany Springs [Member]

Real Estate and Accumulated Depreciation [Line Items]

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Proceeds from issuances of common stock

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$62,311,000

$7,671,000

$0

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$153,200,000

Long-term Debt, Gross

63,083,000

63,083,000

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11,000,000

17,985,000

34,098,000

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Land

28,192,000

28,192,000

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'

'

2,887,000

9,548,000

15,757,000

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Buildings, fixtures and improvements

62,791,000

62,791,000

'

'

'

17,084,000

16,873,000

28,834,000

'

SEC Schedule III, Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land

0

0

'

'

'

0

0

0

'

SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements

165,000

165,000

'

'

'

0

165,000

0

'

Real Estate, Gross

90,894,000

[1],[2]

90,894,000

[1],[2]

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'

'

19,717,000

[1],[2],[3]

26,586,000

[1],[2]

44,591,000

[1],[2],[4]

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Real Estate and Accumulated Depreciation, Accumulated Depreciation

-3,519,000

[5],[6]

-3,519,000

[5],[6]

-657,000

0

0

1,343,000

[5],[6]

1,605,000

[5],[6]

571,000

[5],[6]

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Acquired intangible lease assets

16,599,000

16,599,000

8,665,000

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Tax Basis of Investments, Cost for Income Tax Purposes

109,200,000

109,200,000

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Disposals

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-254,000

0

0

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Finite-Lived Intangible Assets, Accumulated Amortization

$2,600,000

$2,600,000

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Buildings, Useful Life

'40 years

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Land Improvements, Useful Life

'15 years

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Fixtures, Useful life

'5 years

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[1]

Acquired intangible lease assets allocated to individual propertiesB in the amount of $16.6 million are notB reflected in the table above.

[2]

The tax basis of aggregate land, buildings and improvements as of DecemberB 31, 2013 is $109.2 million.

[3]

Gross amount carried is net of tenant improvement dispositions of $0.3 million due to tenant lease expirations.

[4]

(6)The gross amount for the property has been provisionally assigned to land, buildings, fixtures and improvements pending receipt of the final appraisals and/or other information being prepared by a third-party specialist.

[5]

(5)Depreciation is computed using the straight-line method over the estimated useful lives of up to 40 years for buildings, 15 years for land improvements and five years for fixtures.

[6]

The accumulated depreciation column excludes $2.6 million of accumulated amortization associated with acquired intangible lease assets.

Schedule_III_Real_Estate_and_A2

Schedule III Real Estate and Accumulated Depreciation Changes in Accumulated Depreciation (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012	Dec. 31, 2011
Real estate investments, at cost:	'		'	'
Balance at beginning of year	$46,392		$0	$0
Additions - acquisitions and improvements	44,756		46,392	0
Disposals	-254		0	0
Balance at end of the year	90,894		46,392	0
Accumulated depreciation and amortization:	'		'	'
Balance at beginning of year	657		0	0
Depreciation expense	3,116		657	0
Balance at end of the year	3,519	[1],[2]	657	0
Disposal [Member]	'		'	'
Accumulated depreciation and amortization:	'		'	'
Disposals	($254)		$0	$0
[1]	(5)Depreciation is computed using the straight-line method over the estimated useful lives of up to 40 years for buildings, 15 years for land improvements and five years for fixtures.
[2]	The accumulated depreciation column excludes $2.6 million of accumulated amortization associated with acquired intangible lease assets.