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Intangible Lease Assets and Liabilities - Schedule of Intangible Lease Assets and Liabilities (Detail) - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Intangible Assets And Liabilities [Line Items]    
Sub-total Intangible Lease Assets $ 36,078,260 $ 24,892,943
Accumulated Amortization (5,076,176) (4,805,792)
Sub-total Intangible Lease Assets—Net 31,002,084 20,087,151
Value of Below Market In-Place Leases (33,142,746) (32,315,741)
Sub-total Intangible Lease Liabilities (33,142,746) (32,315,741)
Accumulated Amortization 2,222,773 336,182
Sub-total Intangible Lease Liabilities—Net (30,919,973) (31,979,559)
Total 82,111 (11,892,408)
Value of In-Place Leases [Member]    
Intangible Assets And Liabilities [Line Items]    
Sub-total Intangible Lease Assets 28,787,992 19,588,642
Value of Above Market In-Place Leases [Member]    
Intangible Assets And Liabilities [Line Items]    
Sub-total Intangible Lease Assets 1,198,228 1,469,143
Value of Intangible Leasing Costs [Member]    
Intangible Assets And Liabilities [Line Items]    
Sub-total Intangible Lease Assets $ 6,092,040 $ 3,835,158