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Acquired Lease Intangible Assets, Net (Tables)
3 Months Ended
Mar. 31, 2025
Above Market Leases [Member]  
Finite-Lived Intangible Assets [Line Items]  
Schedule of Intangible Assets, Net

Above-market leases, net is comprised of the following:

 

As of March 31,

 

 

As of December 31,

 

 

2025

 

 

2024

 

Above-market leases

$

1,657,256

 

 

$

1,657,256

 

Accumulated amortization

 

(678,638

)

 

 

(576,867

)

Above-market leases, net

$

978,618

 

 

$

1,080,389

 

Schedule of Future Amortization for Intangible Assets The future amortization for above-market leases, net for subsequent years ending December 31, is listed below:

 

 

As of March 31,

 

 

2025

 

2025 (9 months remaining)

 

305,312

 

2026

 

380,037

 

2027

 

161,539

 

2028

 

104,334

 

2029

 

19,666

 

Thereafter

 

7,730

 

 

$

978,618

 

Leases Acquired In Place [Member]  
Finite-Lived Intangible Assets [Line Items]  
Schedule of Intangible Assets, Net

In-place leases, net is comprised of the following:

 

As of March 31,

 

 

As of December 31,

 

 

2025

 

 

2024

 

In-place leases

$

9,758,923

 

 

$

8,847,484

 

Accumulated amortization

 

(3,490,925

)

 

 

(3,244,168

)

In-place leases, net

$

6,267,998

 

 

$

5,603,316

 

Schedule of Future Amortization for Intangible Assets The future amortization for in-place leases, net for subsequent years ending December 31, is listed below:

 

As of March 31,

 

 

2025

 

2025 (9 months remaining)

 

1,126,479

 

2026

 

1,408,029

 

2027

 

1,016,058

 

2028

 

828,107

 

2029

 

650,946

 

Thereafter

 

1,238,379

 

 

$

6,267,998