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Real Estate Investments (Tables)
12 Months Ended
Dec. 31, 2023
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
$
481,440
DaVita, Hempstead, TX
 
629,728
 
2,069,828
 
2,699,556
 
103,491
St. Vincent Medical Clinic, Lonoke, AR
 
161,250
 
872,273
 
1,033,523
 
378,871
Talecris Plasma Facility, Dallas, TX
 
585,423
 
1,707,998
 
2,293,421
 
233,427
 
$
1,914,315
$
5,356,358
$
7,270,673
$
1,197,229
 
 
 
 
 
 
 
 
 
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block] acquired lease intangibles not held for sale
   
2023
 
2022
   
Cost
 
Accumulated Amortization
 
Cost
 
Accumulated Amortization
In-Place Lease Intangibles
   (weighted average life of 51 and 62 months, respectively)
$
738,140
$
344,362
$
738,140
$
259,466
 
 
 
 
 
 
 
 
 
Above-Market Lease Intangibles
   (weighted average life of 23 and 34 months, respectively)
 
677,719
 
515,245
 
677,719
 
449,858
          Acquired Intangible Lease Assets
$
1,415,859
$
859,607
$
1,415,859
$
709,324
 
 
 
 
 
 
 
 
 
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
 
 
 
 
 
 
 
2024
 
$
70,506
 
$
30,875
2025
 
 
70,506
 
 
30,875
2026
 
 
70,506
 
 
30,875
2027
 
 
70,506
 
 
30,875
2028
 
 
58,777
 
 
23,927
 
 
$
340,801
 
$
147,427
 
 
 
 
 
 
 
 
Schedule of Future Minimum Rent minimum future rent payment
2024
$
471,000
2025
 
431,745
2026
 
419,962
2027
 
426,548
2028
 
354,161
Thereafter
 
300,645
 
$
2,404,061