Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Summary of Disaggregation of Lease Income

The following table provides a disaggregation of lease income recognized as either fixed or variable lease income:

	2024			2023
Rental income
Fixed and in-substance fixed lease income		8,086,951			6,595,120
Variable lease income		1,715,047			931,731
Other related lease income, net:
Amortization of above- and below-market leases, net		(263,442	)		2,141
Straight line rent, net		(27,765	)		64,572
Total Rental income		9,510,791			7,593,564

Summary of Concentration of Risk Percentage of Tenants

For the twelve months ended December 31, 2024 and 2023, we had five tenants and four tenants, respectively, that each account for more than 10% of our annual rental revenue as indicated below:

	2024			2023
General Services Administration - Norfolk, VA, Manteo, NC & Vacaville, CA		12	%		18	%
Pre-K - San Antonio, TX		11	%	<10%
Dollar General		12	%	<10%
Kohl's Corporation		10	%		12	%
exp U.S. services		10	%	<10%
PRA Holdings, Inc. - Norfolk, VA	<10%				11	%
Pratt & Whitney Automation, Inc. - Huntsville, AL	N/A				20	%

Summary of Future Minimum Rental Payments Due to the Company

The following table presents future minimum rental cash payments due to the Company over the next five calendar years and thereafter as of December 31:

	As of December 31,
	2024
2025	$	8,569,192
2026		8,368,784
2027		6,557,503
2028		4,897,628
2029		3,668,471
Thereafter		16,383,885
	$	48,445,463

Summary of Future Minimum Rental Cash Payments Due and Undiscounted Future Cash Flows

The following table summarizes the undiscounted future cash flows for subsequent years ending December 31 attributable to the lease liability as December 31, 2024 and provides a reconciliation to the lease liability included in the accompanying Consolidated Balance Sheets as of December 31, 2024.

	As of December 31,
	2024
2025		245,111
2026		245,111
2027		245,111
2028		245,111
2029		257,839
Thereafter		21,317,694
Total undiscounted liability	$	22,555,977
Present value discount		(16,091,335	)
Lease liability	$	6,464,642
Discount rate		4.58	%
Term Remaining	59 years