Store Acquisitions (Tables)

9 Months Ended

Sep. 30, 2016

Business Combinations [Abstract]

Schedule of Company's Acquisitions of Operating Stores

The following table shows the Company’s acquisitions of operating stores for the nine months ended September 30, 2016, and does not include purchases of construction or improvements made to existing assets:

			Consideration Paid				Fair Value
									Building,
									Equipment		In-Place		Closing
	Number of	Date of							and		Tenant		Costs
Property Location	Stores	Acquisition	Total		Cash Paid		Land		Improvements		Leases		Expensed
Lima, Ohio	1	8/29/2016	$	5,300,000	$	5,300,000	$	530,000	$	4,664,000	$	106,000	$	107,909
Fishers, Indiana	1	9/26/2016		7,700,000		7,700,000		770,000		6,776,000		154,000		112,001
Totals	2		$	13,000,000	$	13,000,000	$	1,300,000	$	11,440,000	$	260,000	$	219,910

Summary of Revenue and Earnings Associated with 2016 Acquisitions

The following table summarizes the Company’s revenue and earnings associated with the 2016 acquisitions from the respective acquisition dates in the period they were acquired, included in the consolidated statements of operations for the three and nine months ended September 30, 2016. There were no acquisitions during 2015.

	Three		Nine
	Months		Months
	Ended		Ended
	September 30, 2016		September 30, 2016
Total revenue	$	107,107	$	107,107
Net income		49,965		49,965

Summary of Consolidated Results of Operations on Pro Forma Basis

Thefollowingtablesummarizes,onaproformabasis,theCompany’sconsolidatedresultsofoperationsfortheninemonthsendedSeptember30,2016basedontheassumptionsdescribedabove:

	Nine Months
	Ended
	September 30, 2016
Pro forma revenue	$	4,443,337
Pro forma net income	$	112,974
Basic and diluted per share net loss - as reported	$	(0.02	)
Basic and diluted per share net income - pro forma	$	0.02