Leases (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2025 and 2024:

	2025			2024
Rental income
Fixed and in-substance fixed lease income		6,616,845			5,934,480
Variable lease income		752,975			1,045,265
Other related lease income, net:
Amortization of above- and below-market leases, net		(172,311	)		(203,906	)
Straight line rent, net		50,541			74,253
Total Rental income		7,248,050			6,850,092

Summary of Concentration of Risk Percentage of Tenants

For the nine months ended September 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%	12%
Dollar General - multiple locations	13%	11%
Pre-K - San Antonio, TX	11%	11%
Kohl's - Tucson, AZ	10%	10%
exp U.S. Services - Maitland, FL	10%	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 September 30,
	2025
2025 (3 months remaining)	$	2,211,905
2026		8,585,646
2027		6,866,687
2028		5,553,014
2029		4,360,830
Thereafter		21,749,093
	$	49,327,175

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

	As of September 30,
	2025
2025 (3 months remaining)		61,278
2026		245,111
2027		245,111
2028		245,111
2029		257,839
Thereafter		21,317,695
Total undiscounted liability	$	22,372,145
Present value discount		(15,869,132	)
Lease liability	$	6,503,013
Discount rate		4.58	%
Term Remaining	58 years