Leases (Tables)

6 Months Ended

Jun. 30, 2025

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 for the six months ended June 30, 2025 and 2024:

	2025			2024
Rental income
Fixed and in-substance fixed lease income	$	4,440,824		$	3,891,804
Variable lease income		438,768			735,963
Other related lease income, net:
Amortization of above- and below-market leases, net		(115,760	)		(135,938	)
Straight line rent, net		29,370			31,283
Total Rental income	$	4,793,202		$	4,523,112

Summary of Concentration of Risk Percentage of Tenants

For the six months ended June 30, 2025 and 2024, the following tenants each accounted for more than 10% of our rental revenue as indicated below:

	2025	2024
General Services Administration - Norfolk, VA, Manteo, NC & Vacaville, CA	16%	13%
Dollar General - multiple locations	13%	N/A
Pre-K - San Antonio, TX	10%	12%
Kohl's - Tucson, AZ	10%	11%
exp U.S. Services - Maitland, FL	10%	11%
PRA Holdings, Inc. - Norfolk, VA	N/A	10%

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 June 30,
	2025
2025 (6 months remaining)	$	4,402,074
2026		8,554,342
2027		6,866,687
2028		5,553,014
2029		4,360,830
Thereafter		21,749,093
	$	51,486,040

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 of June 30, 2025 and provides a reconciliation to the lease liability included in the accompanying Consolidated Balance Sheets as of June 30, 2025.

	As of June 30,
	2025
2025 (6 months remaining)		122,556
2026		245,111
2027		245,111
2028		245,111
2029		257,839
Thereafter		21,317,695
Total undiscounted liability	$	22,433,423
Present value discount		(15,943,259	)
Lease liability	$	6,490,164
Discount rate		4.58	%
Term Remaining	59 years