XML 56 R43.htm IDEA: XBRL DOCUMENT v3.19.1
DEBT - Company's Mortgage Notes (Details) - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2023
Mar. 07, 2019
Mar. 27, 2018
Dec. 31, 2017
Short-term Debt [Line Items]          
Principal balance $ 134,022,937        
Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums (2,315,629)        
Total $ 131,707,308        
Loans To Assets Ratio (as a percent) 60.00%        
Accredo and Walgreens acquisitions          
Short-term Debt [Line Items]          
Principal balance $ 6,996,469       $ 7,133,966
Contractual Interest Rate (as a percent) 3.95%        
Effective Interest Rate ( as a percent) 3.95%        
Dana          
Short-term Debt [Line Items]          
Principal balance $ 4,632,398       4,709,889
Contractual Interest Rate (as a percent) 4.56%        
Effective Interest Rate ( as a percent) 4.56%        
Dollar General          
Short-term Debt [Line Items]          
Principal balance $ 3,885,334       3,951,846
Contractual Interest Rate (as a percent) 4.69%        
Effective Interest Rate ( as a percent) 4.69%        
Wyndham          
Short-term Debt [Line Items]          
Principal balance $ 5,820,600       5,920,800
Effective Interest Rate ( as a percent) 4.34%        
Wyndham | (LIBOR)          
Short-term Debt [Line Items]          
Basis Spread on Variable Rate ( as a percent) 2.05%        
Williams Sonoma          
Short-term Debt [Line Items]          
Principal balance $ 4,615,800       4,699,200
Effective Interest Rate ( as a percent) 4.34%        
Williams Sonoma | (LIBOR)          
Short-term Debt [Line Items]          
Basis Spread on Variable Rate ( as a percent) 2.05%        
Omnicare          
Short-term Debt [Line Items]          
Principal balance $ 4,349,963       4,423,574
Contractual Interest Rate (as a percent) 4.36%        
Effective Interest Rate ( as a percent) 4.36%        
Harley          
Short-term Debt [Line Items]          
Principal balance $ 6,868,254       6,983,418
Contractual Interest Rate (as a percent) 4.25%        
Effective Interest Rate ( as a percent) 4.25%        
Northrop Grumman          
Short-term Debt [Line Items]          
Principal balance $ 5,809,367       5,945,655
Contractual Interest Rate (as a percent) 4.40%        
Effective Interest Rate ( as a percent) 4.40%        
EMCOR          
Short-term Debt [Line Items]          
Principal balance $ 2,911,577       2,955,000
Contractual Interest Rate (as a percent) 4.35%        
Effective Interest Rate ( as a percent) 4.35%        
exp US Services          
Short-term Debt [Line Items]          
Principal balance $ 3,446,493       3,505,061
Contractual Interest Rate (as a percent) 4.25%        
Effective Interest Rate ( as a percent) 4.25%        
exp US Services | Treasury Bill Index          
Short-term Debt [Line Items]          
Contractual Interest Rate (as a percent) 3.25%        
Husqvarna          
Short-term Debt [Line Items]          
Principal balance $ 6,379,182       0
Contractual Interest Rate (as a percent) 4.60%        
Effective Interest Rate ( as a percent) 4.60%        
AvAir          
Short-term Debt [Line Items]          
Principal balance $ 14,575,000       12,000,000
Contractual Interest Rate (as a percent) 4.84%        
Effective Interest Rate ( as a percent) 4.84%        
Face value       $ 14,575,000  
AvAir | Minimum | Treasury Bill Index          
Short-term Debt [Line Items]          
Contractual Interest Rate (as a percent) 4.60%        
AvAir | Maximum | Treasury Bill Index          
Short-term Debt [Line Items]          
Contractual Interest Rate (as a percent) 2.45%        
3M          
Short-term Debt [Line Items]          
Principal balance $ 8,360,000       0
Effective Interest Rate ( as a percent) 5.09%        
3M | (LIBOR)          
Short-term Debt [Line Items]          
Basis Spread on Variable Rate ( as a percent) 2.25%        
Cummins          
Short-term Debt [Line Items]          
Principal balance $ 8,530,000       0
Effective Interest Rate ( as a percent) 5.16%        
Cummins | (LIBOR)          
Short-term Debt [Line Items]          
Basis Spread on Variable Rate ( as a percent) 2.25%        
24 Hour Fitness          
Short-term Debt [Line Items]          
Principal balance $ 8,900,000       0
Effective Interest Rate ( as a percent) 6.56%        
24 Hour Fitness | (LIBOR)          
Short-term Debt [Line Items]          
Basis Spread on Variable Rate ( as a percent) 4.30%        
Texas Health          
Short-term Debt [Line Items]          
Principal balance $ 4,842,500       0
Effective Interest Rate ( as a percent) 6.56%        
Texas Health | (LIBOR)          
Short-term Debt [Line Items]          
Basis Spread on Variable Rate ( as a percent) 4.30%        
Bon Secours          
Short-term Debt [Line Items]          
Principal balance $ 5,250,000       0
Contractual Interest Rate (as a percent) 5.41%        
Effective Interest Rate ( as a percent) 5.41%        
Costco          
Short-term Debt [Line Items]          
Principal balance $ 18,850,000       0
Contractual Interest Rate (as a percent) 4.85%        
Effective Interest Rate ( as a percent) 4.85%        
Mortgages          
Short-term Debt [Line Items]          
Principal balance $ 125,022,937       62,228,409
Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums (2,313,629)       (1,741,106)
Total 122,709,308       60,487,303
Face value $ 125,022,937       $ 62,228,409
Forecast | Husqvarna | Minimum | Treasury Bill Index          
Short-term Debt [Line Items]          
Contractual Interest Rate (as a percent)   4.60%      
Forecast | Husqvarna | Maximum | Treasury Bill Index          
Short-term Debt [Line Items]          
Contractual Interest Rate (as a percent)   2.45%      
Subsequent Event | 24 Hour Fitness          
Short-term Debt [Line Items]          
Contractual Interest Rate (as a percent)     4.64%    
Face value     $ 6,350,000    
Subsequent Event | Mortgages | 24 Hour Fitness          
Short-term Debt [Line Items]          
Face value     $ 6,350,000