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Leases
12 Months Ended
Dec. 31, 2013
Leases [Abstract]  
Leases
LEASES
The Company is a lessor of certain property pursuant to various commercial lease agreements having terms ranging up to 60 years. The Company generates income from commercial rents. The following is a summary of Building and Improvements information as of December 31, 2013:
Buildings and Improvements
Cost
 
$
7,942,000

Accumulated Depreciation
 
$
4,303,000


The following is a summary of income from commercial rents included in real estate revenue as of December 31:
 
 
2013
 
2012
 
2011
Base rent
 
$
4,929,000

 
$
4,861,000

 
$
4,620,000

Percentage rent
 
$
1,213,000

 
$
707,000

 
$
310,000


Future minimum rental income on commercial, communication and right-of-way leases as of December 31, 2013:
2014
 
2015
 
2016
 
2017
 
2018
 
Thereafter
$
4,664,000

 
$
4,246,000

 
$
4,107,000

 
$
4,118,000

 
$
3,932,000

 
$
23,229,000