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Revenues (Tables)
12 Months Ended
Dec. 31, 2022
Revenues [Abstract]  
Schedule of Rent Revenues

Rental revenues for 2022, 2021 and 2020, respectively, are comprised of the following:

 

 

Years ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Base rents

 

$

23,111,000

 

 

$

27,946,000

 

 

$

29,419,000

 

Expense recoveries

 

 

7,769,000

 

 

 

9,394,000

 

 

 

8,344,000

 

Percentage rent

 

 

534,000

 

 

 

676,000

 

 

 

1,448,000

 

Straight-line rents

 

 

361,000

 

 

 

(61,000

)

 

 

(1,513,000

)

Amortization of intangible lease liabilities, net

 

 

896,000

 

 

 

657,000

 

 

 

710,000

 

Total rents

 

$

32,671,000

 

 

$

38,612,000

 

 

$

38,408,000

 

Schedule of Annual Future Base Rents Due to be Received

Annual future base rents due to be received under non-cancelable operating leases in effect at December 31, 2022 are approximately as follows:

2023

 

$

23,961,000

 

2024

 

 

23,133,000

 

2025

 

 

20,845,000

 

2026

 

 

18,550,000

 

2027

 

 

16,313,000

 

Thereafter

 

 

54,132,000

 

 

 

$

156,934,000