v3.26.1
Leases (Tables)
6 Months Ended
Jun. 30, 2026
Lessee, Lease, Description [Line Items]  
Schedule of Components of Revenue

The following table details the components of revenue from leases:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Fixed lease payments

 

$

9,443,739

 

 

$

6,550,788

 

 

$

17,785,679

 

 

$

12,569,990

 

Variable lease payments

 

 

1,744,271

 

 

 

1,341,794

 

 

 

3,236,226

 

 

 

2,435,743

 

Revenue from leases

 

$

11,188,010

 

 

$

7,892,582

 

 

$

21,021,905

 

 

$

15,005,733

 

 

Schedule of Future Minimum Lease Payments

Aggregate minimum annual fixed base rental payments for real estate investments owned by the Company through the non-cancelable leases with terms longer than one year as of June 30, 2026 are as follows:

Year

 

Future Minimum Rents

 

2026 (remaining)

 

$

14,698,167

 

2027

 

 

28,178,520

 

2028

 

 

26,643,471

 

2029

 

 

24,178,157

 

2030

 

 

22,649,752

 

2031

 

 

18,912,521

 

Thereafter

 

 

57,002,618

 

Total

 

$

192,263,206

 

Revenue  
Lessee, Lease, Description [Line Items]  
Schedules of Concentration of Risk, by Risk Factor

The percentage of total revenue attributable to tenants accounting for 10% or more of total revenue, and the corresponding percentage of accounts receivable, are as follows:

 

 

 

 

 

 

Percentage of Total Revenue

 

 

 

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

Property

 

Tenant

 

Weighted Average Lease Term Remaining

 

2026

 

2025

 

2026

 

2025

Thurmon Tanner

 

Tenant 1

 

7.2

 

11%

 

16%

 

11%

 

16%

Total

 

 

 

7.2

 

11%

 

16%

 

11%

 

16%

Accounts Receivable  
Lessee, Lease, Description [Line Items]  
Schedules of Concentration of Risk, by Risk Factor

The percentage of total revenue attributable to tenants accounting for 10% or more of total revenue, and the corresponding percentage of accounts receivable, are as follows:

 

 

 

 

 

 

Percentage of Total Accounts Receivable

Property

 

Tenant

 

Weighted Average Lease Term Remaining

 

June 30, 2026

 

December 31, 2025

Thurmon Tanner

 

Tenant 1

 

7.2

 

50%

 

46%

Total

 

 

 

7.2

 

50%

 

46%