Investments in Real Estate (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Acquired Properties

The following table details the properties acquired during the twelve months ended December 31, 2022.

	Fresenius-Chicago, IL			Starbucks -Tampa, FL			Kohl's -Tucson, AZ			Total
Land	$	1,690,837		$	1,443,262		$	-		$	3,134,099
Building and site improvements		1,217,395			700,859			6,175,908			8,094,162
Tenant improvements	$	55,041		$	20,504		$	349,136		$	424,681
Acquired lease intangible assets		276,013			112,830			981,203			1,370,046
Total real estate investments	$	3,239,286		$	2,277,455		$	7,506,247		$	13,022,988
Right of use asset		-			-			6,304,334			6,304,334
Less: Acquired lease intangible liabilities	$	(19,864	)	$	(13,497	)	$	(131,999	)	$	(165,360	)
Less: Lease liability		-			-			(6,304,334	)		(6,304,334	)
Total real estate investments, net	$	3,219,422		$	2,263,958		$	7,374,248		$	12,857,628

Schedule of Disposed Properties

During the year ended December 31, 2021, the Company sold one property.

	Walgreens-Cocoa Beach, FL
Land	$	669,871
Building and site improvements		3,869,746
Acquired lease intangible assets		298,230
Total real estate investments		4,837,847
Less Accumulated depreciation and amortization		(313,447	)
Less Acquired lease intangible liability, net		(202,650	)
Net book value of property upon sale		4,321,750

Property of GSA-Manteo, NC and Irby Construction-Plant City, FL

Schedule of Acquired Properties

The following table details the properties acquired during the twelve months ended December 31, 2021:

	GSA-Manteo, NC			Irby Construction-Plant City, FL		Best Buy Co., Inc.-Grand Junction, CO		Total
Land	$	341,949		$	1,212,213	$	2,733,919	$	4,288,081
Building and site improvements		1,807,066			423,611		1,666,533		3,897,210
Acquired lease intangible assets		100,379			121,509		354,603		576,491
Total real estate investments		2,249,394			1,757,333		4,755,055		8,761,782
Less Acquired lease intangible liabilities		(511,620	)		-		-		(511,620	)
Total real estate investments, net	$	1,737,774		$	1,757,333	$	4,755,055	$	8,250,162