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v3.22.2.2

Mortgage Loans - Schedule of Promissory Notes (Details) - USD ($) | 6 Months Ended |
--- | --- | ---
Jun. 30, 2022 | Dec. 31, 2021
Debt Instrument [Line Items] |  |  |
Long-term debt, gross |  | $ 36,242,002 |
Promissory Notes |  |  |
Debt Instrument [Line Items] |  |  |
Promissory note issued amount |  | 37,450,913 |
Long-term debt, gross |  | 36,242,002 | $ 29,606,988
Less: debt issuance costs, net |  | (786,490) | (637,693)
Long-term debt |  | 35,455,512 | 28,969,295
Promissory Notes | 7-11 - Washington, DC; Starbucks-South Tampa, FL; and Pratt & Whitney-Hunstville, AL |  |  |
Debt Instrument [Line Items] |  |  |
Promissory note issued amount | [1] | $ 11,287,500 |
Interest Rate |  | 4.17% |
Maturity Date |  | Mar. 06, 2030 |
DSCR Required |  | 1.25% |
Long-term debt, gross |  | $ 11,054,353 | 11,150,130
Promissory Notes | GSA-Navy & Maersk - Norfolk, Virginia |  |  |
Debt Instrument [Line Items] |  |  |
Promissory note issued amount |  | $ 8,260,000 |
Interest Rate |  | 3.50% |
Maturity Date |  | Sep. 30, 2024 |
DSCR Required |  | 1.25% |
Long-term debt, gross |  | $ 7,691,504 | 7,805,524
Promissory Notes | PRA Holdings, Inc. - Norfolk, Virginia |  |  |
Debt Instrument [Line Items] |  |  |
Promissory note issued amount |  | $ 5,216,749 |
Interest Rate |  | 3.50% |
Maturity Date |  | Oct. 23, 2024 |
DSCR Required |  | 1.25% |
Long-term debt, gross |  | $ 4,809,481 | 4,889,670
Promissory Notes | Sherwin-Williams - Tampa, Florida |  |  |
Debt Instrument [Line Items] |  |  |
Promissory note issued amount |  | $ 1,286,664 |
Interest Rate | [2] | 3.72% |
Maturity Date |  | Aug. 10, 2028 |
DSCR Required |  | 1.20% |
Long-term debt, gross |  | $ 1,286,664 | 1,286,664
Promissory Notes | GSA-FBI - Manteo, North Carolina |  |  |
Debt Instrument [Line Items] |  |  |
Promissory note issued amount |  | $ 928,728 |
Interest Rate | [3] | 3.85% |
Maturity Date |  | Mar. 31, 2032 |
DSCR Required |  | 1.50% |
Long-term debt, gross |  | $ 928,728 | 1,275,000
Promissory Notes | Irby Construction - Plant City , Florida |  |  |
Debt Instrument [Line Items] |  |  |
Promissory note issued amount |  | $ 928,728 |
Interest Rate | [3] | 3.85% |
Maturity Date |  | Mar. 31, 2032 |
DSCR Required |  | 1.50% |
Long-term debt, gross |  | $ 928,728 | 850,000
Promissory Notes | Best Buy - Grand Junction, Colorado |  |  |
Debt Instrument [Line Items] |  |  |
Promissory note issued amount |  | $ 2,552,644 |
Interest Rate | [3] | 3.85% |
Maturity Date |  | Mar. 31, 2032 |
DSCR Required |  | 1.50% |
Long-term debt, gross |  | $ 2,552,644 | 2,350,000
Promissory Notes | Fresenius - Chicago, Illinois |  |  |
Debt Instrument [Line Items] |  |  |
Promissory note issued amount |  | $ 1,727,108 |
Interest Rate | [3] | 3.85% |
Maturity Date |  | Mar. 31, 2032 |
DSCR Required |  | 1.50% |
Long-term debt, gross |  | $ 1,727,108 | 0
Promissory Notes | Starbucks - North Tampa, Florida |  |  |
Debt Instrument [Line Items] |  |  |
Promissory note issued amount |  | $ 1,298,047 |
Interest Rate | [3] | 3.85% |
Maturity Date |  | Mar. 31, 2032 |
DSCR Required |  | 1.50% |
Long-term debt, gross |  | $ 1,298,047 | 0
Promissory Notes | Kohls @ Tucson, Arizona |  |  |
Debt Instrument [Line Items] |  |  |
Promissory note issued amount |  | $ 3,964,745 |
Interest Rate | [3] | 3.85% |
Maturity Date |  | Mar. 31, 2032 |
DSCR Required |  | 1.50% |
Long-term debt, gross |  | $ 3,964,745 | $ 0
[1] | *Loan subject to prepayment penalty
[2] | ***Fixed via interest rate swap
[3] | **Adjustment effective April 1, 2027 equal to 5-year Treasury plus 2.5% and subject to a floor of 3.85%

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