XML 28 R17.htm IDEA: XBRL DOCUMENT v3.7.0.1
Real Estate Investments (Tables)
12 Months Ended
Dec. 31, 2016
Real Estate [Abstract]  
Property, Plant and Equipment [Table Text Block]
Properties not held for sale

Property
Land
Buildings
Total
Accumulated
Depreciation
                 
Sports Authority, Wichita, KS
$
507,489
$
1,277,436
$
1,784,925
$
639,437
Advance Auto Parts, Middletown, OH
 
112,315
 
909,974
 
1,022,289
 
385,224
Applebee’s, Crawfordsville, IN
 
337,353
 
900,418
 
1,237,771
 
360,169
Starbucks, Bluffton, IN
 
344,008
 
806,108
 
1,150,116
 
302,288
Best Buy, Eau Claire, WI
 
474,137
 
1,547,025
 
2,021,162
 
551,771
Dick’s Sporting Goods, Fredericksburg, VA
1,603,559
 
1,523,044
 
3,126,603
 
564,974
Fresenius Medical Center, Chicago, IL
 
464,400
 
665,142
 
1,129,542
 
53,210
Zales, Enid, OK
 
440,000
 
903,630
 
1,343,630
 
64,759
Dollar Tree, West Point, MS
 
270,000
 
1,316,232
 
1,586,232
 
48,262
 
$
4,553,261
$
9,849,009
$
14,402,270
$
2,970,094
                 
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]
Acquired lease intangibles not held for sale

   
2016
 
2015
   
Cost
 
Accumulated Amortization
 
Cost
 
Accumulated Amortization
In-Place Lease Intangibles
   (weighted average life of 107 and 120 months, respectively)
$
579,419
$
80,199
$
346,442
$
27,572
                 
Above-Market Lease Intangibles
   (weighted average life of 94 and 106 months, respectively)
 
72,606
 
13,258
 
72,606
 
5,682
          Acquired Intangible Lease Assets
$
652,025
$
93,457
$
419,048
$
33,254
                 
Acquired Below-Market Lease Intangibles
   (weighted average life of 105 and 0 months, respectively)
$
283,495
$
24,652
$
0
$
0
                 
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]
Minimum future rent

2017
$
892,532
2018
 
731,209
2019
 
481,339
2020
 
427,180
2021
 
431,623
Thereafter
 
1,852,327
 
$
4,816,210