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Acquired Lease Intangible Liability, Net | 9 Months Ended
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Sep. 30, 2021
Below Market Lease [Abstract] |
Acquired Lease Intangible Liability, net | Note 5 – Acquired Lease Intangible Liability, net Acquired lease intangible liability is comprised of the following:
| September 30, |  | December 31,
| 2021 |  | 2020
Acquired lease intangible liability | $845,063 |  | $585,792
Less: recognized rental income | (236,366) |  | (170,144)
Total below market lease, net | $608,697 |  | $415,648
The amortization for below market leases for the three and nine-months ended September 30, 2021 and 2020 was approximately $40,300 and $115,921 for 2021 and $27,400 and $82,100 for 2020, respectively. The future amortization for intangible liabilities is listed below:
| As of September 30, 2021
2021 (three months) | $31,300
2022 | 86,700
2023 | 86,700
2024 | 86,700
2025 | 86,700
Thereafter | 230,600
| $608,700

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- Definition Acquired lease intangible liability, net. + References No definition available. + Details
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