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Leases (Tables) | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Summary of Disaggregation of Lease Income | The following table provides a disaggregation of lease income recognized as either fixed or variable lease income:
| 2023 |  |  | 2022 |
Rental income | ﻿ |  |  | ﻿ |
Fixed and in-substance fixed lease income |  | 6,595,120 |  |  |  | 4,510,677 |
Variable lease income |  | 931,731 |  |  |  | 608,985 |
Other related lease income, net: |  |  |  |  |
Amortization of below market leases, net |  | 2,141 |  |  |  | 102,183 |
Straight line rent, net |  | 64,572 |  |  |  | 172,933 |
Total Rental income |  | 7,593,564 |  |  |  | 5,394,778 |
Summary of Concentration of Risk Percentage of Tenants | For the twelve months ended December 31, 2023 and 2022, we had four tenants that each account for more than 10% of our annual rental revenue as indicated below:
| 2023 |  |  | 2022 |
General Services Administration - Norfolk, VA, Manteo, NC & Vacaville, CA |  | 18 | % |  |  | 22 | %
PRA Holdings, Inc. - Norfolk, VA |  | 11 | % |  |  | 16 | %
Pratt & Whitney Automation, Inc. - Huntsville, AL |  | 20 | % |  |  | 15 | %
Kohl's Corporation - Tucson, AZ |  | 12 | % |  |  | 14 | %
Summary of Future Minimum Rental Payments Due to the Company | The following table presents future minimum rental cash payments due to the Company over the next five calendar years and thereafter as of December 31:
| As of December 31, |
| 2023 |
2024 | $ | 8,048,449 |
2025 |  | 7,798,628 |
2026 |  | 7,458,648 |
2027 |  | 5,835,157 |
2028 |  | 4,376,385 |
Thereafter |  | 8,669,905 |
| $ | 42,187,172 |
Summary of Future Minimum Rental Cash Payments Due and Undiscounted Future Cash Flows | The following table summarizes the undiscounted future cash flows for subsequent years ending December 31 attributable to the lease liability as December 31, 2023 and provides a reconciliation to the lease liability included in the accompanying Consolidated Balance Sheets as of December 31, 2023.
| As of December 31, |
| 2023 |
2024 |  | 244,077 |
2025 |  | 245,111 |
2026 |  | 245,111 |
2027 |  | 245,111 |
2028 |  | 245,111 |
Thereafter |  | 21,575,533 |
Total undiscounted liability | $ | 22,800,054 |
Present value discount |  | (16,385,013 | )
Lease liability | $ | 6,415,041 |
Discount rate |  | 4.58 | %
Term Remaining | 60 years |

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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