Leases (Tables)

6 Months Ended

Jun. 30, 2020

Leases, Operating [Abstract]

Schedule of future minimum rental income

Year Ending December 31,	Amount
2020 – Remaining(2)	$	7,578,190
2021		14,219,786
2022		10,753,252
2023		8,248,719
2024		5,703,053
Thereafter		7,326,944
Total	$	53,829,944

Explanatory Notes:

(1) The above minimum lease payments to be received do not include reimbursements from the USPS for real estate taxes.

(2) As of June 30, 2020, the leases at 43 of our properties had expired and the USPS was occupying such properties as a holdover tenant. In addition, the lease at one of our properties is a month to month lease. Holdover rent is paid as the greater of market rent or the rent amount due under the expired lease.

Schedule of future ground lease lease

Year Ending December 31,	Amount
2020 – Remaining	$	11,200
2021		22,400
2022		22,400
2023		22,400
2024		22,960
Thereafter		1,159,690
Total	$	1,261,050