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Private company

DIVALL INSURED INCOME PROPERTIES 2 LIMITED PARTNERSHIP

DIVALL INSURED INCOME PROPERTIES 2 LIMITED PARTNERSHIP is an American real estate company, incorporated in Wisconsin.1 It is headquartered in Kansas City, Missouri.1

Last updated Oct 21, 2026.

Overview

  • IndustryReal Estate1
  • HeadquartersKansas City, Missouri1
  • Incorporated inWI2
  • Business address1100 Main Street, Kansas City, Mo 641052
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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Agreement, or (d) upon 60 days’ written notice from TPG to the limited partners of the Partnership.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

2074.9%Net margin4
-68.2%Revenue growth, 20244

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Profit100¢$7.7M

Out of $370.5K in revenue.4

Where each dollar of operating cash went, fiscal 2024

  • Kept or used elsewhere100¢$38.6K

Out of $38.6K of cash from operations.4

Financial statements

Revenue5674$370.5K in 2024−75% since 2020
0$500.0K$1.0M$1.5M$2.0M2020: $1.5M$1.5M20202021: $1.8M$1.8M2021+20%2022: $1.6M$1.6M2022−8%2023: $1.2M$1.2M2023−28%2024: $370.5K$370.5K2024−68%
Net income895674$7.7M in 2024+2020% since 2018
0$5.0M$10.0M$15.0M2018: $362.5K$362.5K20182019: $786.3K$786.3K2019+117%2020: $724.7K$724.7K2020−8%2021: $1.6M$1.6M2021+117%2022: $2.1M$2.1M2022+31%2023: $12.3M$12.3M2023+493%2024: $7.7M$7.7M2024−37%
Fiscal year2018201920202021202220232024
Revenue$1.5M5$1.8M6$1.6M7$1.2M4$370.5K4
Operating expenses$662.2K6$689.5K7$852.5K4$456.7K4
Income before tax$1.6M6$2.1M6
Net income$362.5K8$786.3K9$724.7K5$1.6M6$2.1M7$12.3M4$7.7M4

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What it owns

What DIVALL INSURED INCOME PROPERTIES 2 LIMITED PARTNERSHIP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Real estate and locations

ItemLatestA year beforeChange
Real estate properties34 Dec 31, 2023

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$842.1K4 Dec 31, 2024$179.7K4 Dec 31, 2023+368.5%

Properties, in its own words

As of December 31, 2024, the Partnership did not own any Properties. As part of its wind-up process the Partnership sold a total of eight Properties during 2023 and 2024.

The Properties previously were leased to franchisees of national quick service restaurants.

The rest of Item 2

The following summarizes activities related to the Properties sold during 2023 and 2024.

Sale of Martintown Road Property

On March 31, 2023, the Martintown Road Property was sold for approximately $1.4 million. The Partnership received proceeds from the sale of approximately $1.3 million, and the gain on the sale was approximately $1.0 million.

Sale of Mt. Pleasant, SC Property

On June 6, 2023, the Partnership executed a listing agreement with Matthews Real Estate Investment Services, Inc. for the sale of the Property with an asking price of $3.2 million. The Property listing went active on July 12, 2023.

On July 20, 2023, the Partnership accepted an offer to sell the Property at asking price. On August 31, 2023, the Partnership sold the Property for approximately $3.2 million. The gain on the sale was approximately $2.8 million.

Sale of Applebee’s Property

On April 11, 2023, the Partnership signed a listing agreement to offer its Applebee’s Property for a sale price of $2.3 million. As of June 27, 2023, the tenant waived its right of first offer contained in the lease.

On July 13, 2023, the Partnership accepted an offer to sell the Property for approximately $2.1 million. On September 7, 2023, the Partnership sold the Property and the gain on the sale was approximately $1.6 million.

Wendy’s – Peach Orchard Road, Augusta, GA Property

On June 6, 2023, the Partnership executed a listing agreement with Matthews Real Estate Investment Services, Inc. for the sale of the Property with an asking price of $4.1 million. The Property listing went active on July 12, 2023.

On August 7, 2023, the Partnership accepted an offer to sell the Property for approximately $3.8 million. The sale closed on November 1, 2023, and the gain was approximately $3.4 million.

Wendy’s – Whiskey Road, Aiken, SC

On June 6, 2023, the Partnership executed a listing agreement with Matthews Real Estate Investment Services, Inc. for the sale of the Property with an asking price of $4.0 million. The Property listing went active on July 12, 2023.

On October 6, 2023, the Partnership accepted an offer to sell the Property for approximately $3.8 million. The sale closed on November 6, 2023, and the gain was approximately $3.2 million.

Wendy’s – Folly Road, Charleston, SC

On June 6, 2023, the Partnership executed a listing agreement with Matthews Real Estate Investment Services, Inc. for the sale of the Property with an asking price of $3.5 million. On March 8, 2024, the Partnership lowered the asking price of the Property to approximately $3.3 million. On July 18, 2024, the Partnership accepted an offer of approximately $2.9 million, as amended July 22, 2024, and the sale closed on October 15, 2024, and the gain was approximately $2.5 million.

Wendy’s – Richland Ave, Aiken, SC

On June 6, 2023, the Partnership executed a listing agreement with Matthews Real Estate Investment Services, Inc. for the sale of the Property with an asking price of $3.4 million. On July 18, 2024, the Partnership accepted an offer of approximately $3.0 million, as amended July 22, 2024, and the sale closed on October 15, 2024, and the gain was approximately $2.6 million.

Wendy’s – Sam Rittenberg, Charleston, SC

On June 6, 2023, the Partnership executed a listing agreement with Matthews Real Estate Investment Services, Inc. for the sale of the Property with an asking price of $3.9 million. On March 8, 2024, the Partnership lowered the asking price of the Property to approximately $3.7 million. On July 18, 2024, the Partnership accepted an offer of approximately $3.1 million as amended July 22, 2024, and the sale closed on October 15, 2024, and the gain was approximately $ 2.6 million.

Item 2 of the 10-K filed Apr 15, 2025.3

Timeline

  1. Apr 4, 20248-K Regulation FD disclosure13
  2. Dec 6, 20238-K Results of operations14
  3. Nov 7, 20238-K Other events15
  4. Sep 8, 20238-K Other events16
  5. Sep 8, 20238-K Other events17
  6. Aug 31, 20238-K Other events18
  7. Apr 4, 20238-K Other events19
  8. Feb 15, 20238-K Results of operations; Regulation FD disclosure20
  9. Feb 15, 20228-K Results of operations; Regulation FD disclosure21
  10. Dec 3, 20218-K Regulation FD disclosure22

Calendar

When it reported results

  1. Dec 6, 2023Reported quarterly or annual results14
  2. Feb 15, 2023Reported quarterly or annual results20
  3. Feb 15, 2022Reported quarterly or annual results21

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

31 filings to the SEC since October 2021: 5 annual reports, 13 quarterly reports, 10 major events, 3 other. The latest 20:

  1. Nov 14, 202510-Q EDGAR
  2. Aug 25, 202510-Q EDGAR
  3. Aug 12, 202510-Q EDGAR
  4. May 16, 2025NT 10-Q EDGAR
  5. Apr 15, 202510-K EDGAR
  6. Mar 31, 2025NT 10-K EDGAR
  7. Nov 14, 202410-Q EDGAR
  8. Aug 14, 202410-Q EDGAR
  9. May 15, 202410-Q EDGAR
  10. Apr 4, 20248-K EDGAR
  11. Apr 1, 202410-K EDGAR
  12. Dec 6, 20238-K EDGAR
  13. Nov 13, 202310-Q EDGAR
  14. Nov 7, 20238-K EDGAR
  15. Sep 8, 20238-K EDGAR
  16. Sep 8, 20238-K EDGAR
  17. Aug 31, 20238-K EDGAR
  18. Aug 15, 202310-Q EDGAR
  19. Aug 14, 2023NT 10-Q EDGAR
  20. May 12, 202310-Q EDGAR

The 31 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How DIVALL INSURED INCOME PROPERTIES 2 LIMITED PARTNERSHIP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARDIVALL INSURED INCOME PROPERTIES 2 LIMITED PARTNERSHIP1
  • CIK0000825788
  • Employer ID (EIN)39-16068343
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company3
  • Incorporated inWisconsin3
  • Fiscal year endsDecember 311
  • Industry code (SIC)6500 Real Estate1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business address1100 Main Street, Kansas City, MO 641051
  • Mailing address1900 W 75Th Street, Suite 100, Prairie Village, KS 662081
  • Phone81642174441
  • Shares outstanding46,280 as of Nov 11, 202511
  • Public float$0 as of Jun 30, 20244
  • AuditorBoulay PLLP, Minneapolis, Minnesota PCAOB ID 542; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceNov 13, 19951
  • Filings301 in all: 10-Q (91), 4 (61), 8-K (53), 10-K (23), DEF 14A (11), PRE 14A (10), DEFA14A (7), 10-K405 (6)1
    All 25 form types

    8-K/A (6), 10-Q/A (4), SC 13G (4), NT 10-K (3), SC 14D1/A (3), SC 14D9/A (3), UPLOAD (3), 10-K/A (2), NT 10-Q (2), SC 14D9 (2), 10-K405/A (1), 3 (1), 4/A (1), DEFR14A (1), SC 14D1 (1), SC TO-T (1), SC TO-T/A (1)

  • Latest filingsAnnual report (10-K) Apr 15, 2025
    Quarterly report (10-Q) Nov 14, 2025
    Proxy statement (DEF 14A) Aug 14, 2020
    Latest 8-K (8-K) Apr 4, 2024

Risk factors and legal proceedings

Legal proceedings

As of the date of this report there are no material pending legal proceedings to which the Partnership is a party.

The opening of Item 3, Legal Proceedings.3

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events
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    SEC EDGAROther events
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    SEC EDGAROther events
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