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Investments in Real Estate (Tables)
12 Months Ended
Dec. 31, 2024
Real Estate [Abstract]  
Schedule of Acquired Properties

The following table details the Modiv properties acquired during the twelve months ended December 31, 2023.

 

Land

 

7,982,005

 

Building and site improvements

 

29,426,578

 

Tenant improvements

 

1,306,203

 

Acquired lease intangible assets

 

5,764,762

 

Total real estate investments

 

44,479,548

 

Less: Acquired lease intangible liabilities

 

(548,944

)

Total real estate investments, net

 

43,930,604

 

 

La-Z-Boy - Rockford, IL

 

Land

 

1,437,353

 

Building and site improvements

 

2,412,300

 

Tenant improvements

 

33,497

 

Acquired lease intangible assets

 

421,250

 

Total real estate investments

 

4,304,400

 

Future minimum rent reflected in the table below, accordingly.

 

 

Best Buy

 

Land

$

2,032,016

 

Building and site improvements

 

2,811,317

 

Acquired tenant improvements

 

308,715

 

Acquired lease intangible assets

 

574,710

 

Total real estate investments

$

5,726,758