XML 13 R120.htm IDEA: XBRL DOCUMENT v3.20.1
SUBSEQUENT EVENTS (Details) - USD ($)
$ / shares in Millions
1 Months Ended 3 Months Ended
Apr. 30, 2020
Apr. 24, 2020
May 07, 2020
Mar. 31, 2020
May 06, 2020
Dec. 31, 2019
Mar. 31, 2019
Jan. 31, 2019
Subsequent Event [Line Items]                
Number of properties as percentage of annual base rent       62.00%        
Percentage of properties operating on limited basis       27.00%        
Percentage of rent relief       37.00%        
Cash on hand       $ 18,593,046   $ 6,474,637 $ 2,682,205  
Stock repurchase program authorized amount           20,000,000   $ 20,000,000
Unamortized debt discount of notes       7,923,622        
Credit Facility                
Subsequent Event [Line Items]                
Amount drawn from facility       20,000,000        
Borrowing capacity       200,000,000        
Cash on hand       19,000,000        
Amount outstanding       198,800,000        
Remaining borrowing capacity       $ 1,200,000        
Term for removal of property from borrowing base       60 days        
Aggregate principle amount       $ 198,845,349   $ 159,845,349    
Subsequent Event | CVS ground lease | Downtown Dallas, Texas | Disposal Group, Disposed of by Sale, Not Discontinued Operations                
Subsequent Event [Line Items]                
Sales price   $ 15,200,000            
Exit cap rate   4.50%            
Gain on Sale   $ 800,000            
Gain on disposal per share   0.13            
Subsequent Event | WAWA ground lease | Daytona Beach, FL | Disposal Group, Disposed of by Sale, Not Discontinued Operations                
Subsequent Event [Line Items]                
Sales price $ 6,000,000              
Exit cap rate 4.75%              
Ground lease term 20 years              
Gain on Sale $ 1,800,000              
Gain on disposal per share 0.29              
Subsequent Event | Perimeter | CVS ground lease | Atlanta, Georgia                
Subsequent Event [Line Items]                
Aggregate purchase price   $ 10,400,000            
Subsequent Event | $10 Million Repurchase Program                
Subsequent Event [Line Items]                
Aggregate shares repurchased under repurchase plan, shares     5,300          
Aggregate shares repurchased under repurchase plan, value     $ 185,000          
Shares repurchased price per price     $ 35.2          
Stock repurchase program authorized amount     $ 10,000,000          
Subsequent Event | 2025 notes                
Subsequent Event [Line Items]                
Stock repurchase program authorized amount 2,500,000       $ 5,000,000      
Unamortized debt discount of notes $ 475,000       950,000      
Aggregate principle amount         $ 65,000,000