Investments in Real Estate (Tables)

9 Months Ended

Sep. 30, 2021

Real Estate [Abstract]

Schedule of Investments in Real Estate

The Company’s real estate is comprised of the following:

	September 30,			December 31,
	2021			2020
Property	$	36,621,767		$	37,352,447
Tenant improvements		482,701			482,701
Acquired lease intangible assets		2,949,411			3,014,149
Total		40,053,879			40,849,297
Less accumulated depreciation and amortization		(3,168,841	)		(2,317,454	)
Total investments, net	$	36,885,038		$	38,531,843

Schedule of Acquired Properties

During the nine-months ended September 30, 2021, the Company acquired two properties.  

			Total
	Manteo, NC	Plant City, FL
Property	$ 2,149,015	$ 1,635,824	$3,784,839
Acquired lease intangible assets	100,379	121,509	221,888
Total investments	2,249,394	1,757,333	4,006,727
Less acquired lease intangible liability	511,620	—	511,620
Total investments	$ 1,737,774	$ 1,757,333	$3,495,107

Schedule of Disposed Properties

During the nine-months ended September 30, 2021, the Company sold one property.  

	Cocoa Beach, FL
Property	$ 4,539,617
Acquired lease intangible assets	298,230
Total investments	4,837,847
Less accumulated depreciation and amortization	(313,447)
Less acquired lease intangible liability, net	(202,650)
Net book value of property upon sale	$ 4,321,750