Real Estate Investments (Tables)

12 Months Ended

Dec. 31, 2019

Real Estate [Abstract]

Property, Plant and Equipment [Table Text Block]

Properties not held for sale

Property	Land		Buildings		Total		Accumulated Depreciation
Advance Auto Parts,Indianapolis, IN	$	537,914	$	706,259	$	1,244,173	$	368,434
Best Buy, Lake Geneva, WI		335,142		1,687,104		2,022,246		756,383
Staples, Clermont, FL		239,400		543,942		783,342		177,960
PetSmart, Galveston TX		340,000		280,048		620,048		87,290
St. Vincent Medical Clinic, Lonoke AR		170,000		898,523		1,068,523		235,110
	$	1,622,456	$	4,115,876	$	5,738,332	$	1,625,177

Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]

Acquired lease intangibles not held for sale

		2019			2018
		Cost	Accumulated Amortization		Cost		Accumulated Amortization
In-Place Lease Intangibles (weighted average life of 29 and 41 months, respectively)	$	418,089	320,123	$	418,089	$	276,831
Above-Market Lease Intangibles (weighted average life of 43 and 55 months, respectively)		514,793	336,561		514,793		286,809
Acquired Intangible Lease Assets	$	932,882	656,684	$	932,882	$	563,640

Finite-lived Intangible Assets Amortization Expense [Table Text Block]

Estimated Amortization

	Amortization Expense for In-Place Lease Intangibles		Decrease to Rental Income for Above-Market Leases
2020	$	32,869	$	49,752
2021		29,396		49,752
2022		21,311		44,215
2023		14,390		34,513
2024		0		0
	$	97,966	$	178,232

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

Minimum future rent

2020	$	459,972
2021		446,595
2022		406,459
2023		358,685
2024		114,210
Thereafter		27,287
	$	1,813,208