Mortgage Loans (Tables)

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Schedule of Promissory Notes

The Company had the following promissory notes outstanding as of June 30, 2022 and December 31, 2021, respectively:

Mortgage Loans Secured By (Tenant-Location)	Loan Amount			Interest Rate				Maturity Date	June 30, 2022			December 31, 2021			Debt Service Coverage Ratios ("DSCR") Required
7-11 - Washington, DC; Starbucks-South Tampa, FL; and Pratt & Whitney-Huntsville, AL	$	11,287,500	*		4.17	%		3/6/2030	$	11,054,353		$	11,150,130			1.25
GSA & Maersk - Norfolk, Virginia		8,260,000			3.50	%		9/30/2024		7,691,504			7,805,524			1.25
PRA Holdings, Inc. - Norfolk, Virginia		5,216,749			3.50	%		10/23/2024		4,809,481			4,889,670			1.25
Sherwin-Williams - Tampa, Florida		1,286,664			3.72	%	***	8/10/2028		1,286,664			1,286,664			1.20
GSA - Manteo, North Carolina		928,728			3.85	%	**	3/31/2032		928,728			1,275,000			1.50
Irby Construction - Plant City , Florida		928,728			3.85	%	**	3/31/2032		928,728			850,000			1.50
Best Buy - Grand Junction, Colorado		2,552,644			3.85	%	**	3/31/2032		2,552,644			2,350,000			1.50
Fresenius - Chicago, Illinois		1,727,108			3.85	%	**	3/31/2032		1,727,108			-			1.50
Starbucks - North Tampa, Florida		1,298,047			3.85	%	**	3/31/2032		1,298,047			-			1.50
Kohls - Tucson, Arizona		3,964,745			3.85	%	**	3/31/2032		3,964,745			-			1.50
		37,450,913								36,242,002			29,606,988
								Less Debt Issuance Costs		(786,490	)		(637,693	)
										35,455,512			28,969,295

*Loan subject to prepayment penalty

**Adjustment effective April 1, 2027 equal to 5-year Treasury plus 2.5% and subject to a floor of 3.85%

***Fixed via interest rate swap

Schedule of Minimum Required Principal Payments

Minimum required principal payments on the Company’s debt as of June 30, 2022 are as follows:

	As of June 30,
	2022
2022	$	291,328
2023		785,524
2024		12,427,090
2025		546,280
2026		568,514
Thereafter		21,623,266
	$	36,242,002