|
Schedule III - Real Estate and Accumulated Depreciation (Detail) (USD $)
|
12 Months Ended |
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
| Cost: |
|
|
|
| Balance at End of Year |
$ 170,194,285 |
|
|
| Encumbrances |
30,400,000 |
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
11,986,949 |
|
|
| Land |
78,949,844 |
|
|
| Building & Improvements |
77,173,890 |
|
|
| Improvements |
13,453,036 |
|
|
| Carrying Costs |
617,515 |
|
|
| Land |
93,020,395 |
|
|
| Buildings |
77,173,890 |
|
|
| Total |
170,194,285 |
|
|
| Depreciation |
11,986,949 |
|
|
|
Real Estate [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at Beginning of Year |
151,226,811 |
134,561,058 |
134,705,516 |
| Additions and Improvements |
36,607,950 |
24,552,841 |
3,050,496 |
| Adjust to Fair Value |
|
|
(68,454) |
| Cost of Real Estate Sold |
(17,640,476) |
(7,887,088) |
(3,126,500) |
| Balance at End of Year |
170,194,285 |
151,226,811 |
134,561,058 |
| Accumulated Depreciation: |
|
|
|
| Balance at Beginning of Year |
11,135,501 |
10,089,354 |
9,136,562 |
| Depreciation and Amortization |
2,066,386 |
1,539,990 |
1,470,947 |
| Depreciation on Real Estate Sold |
(1,214,938) |
(493,843) |
(518,155) |
| Balance at End of Year |
11,986,949 |
11,135,501 |
10,089,354 |
| Total |
170,194,285 |
151,226,811 |
134,561,058 |
| Depreciation |
11,986,949 |
11,135,501 |
10,089,354 |
|
Bank of America, Garden Grove, CA [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
3,199,978 |
|
|
| Encumbrances |
1,840,985 |
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
39,394 |
|
|
| Land |
1,745,447 |
|
|
| Building & Improvements |
1,454,531 |
|
|
| Improvements |
|
|
|
| Carrying Costs |
|
|
|
| Land |
1,745,447 |
|
|
| Buildings |
1,454,531 |
|
|
| Total |
3,199,978 |
|
|
| Depreciation |
39,394 |
|
|
| Acquired |
Dec. 13,
2012 |
|
|
| Life |
40 years |
|
|
|
Bank of America, La Habra, CA [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
2,149,906 |
|
|
| Encumbrances |
1,236,866 |
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
39,404 |
|
|
| Land |
571,573 |
|
|
| Building & Improvements |
1,578,333 |
|
|
| Improvements |
|
|
|
| Carrying Costs |
|
|
|
| Land |
571,573 |
|
|
| Buildings |
1,578,333 |
|
|
| Total |
2,149,906 |
|
|
| Depreciation |
39,404 |
|
|
| Acquired |
Dec. 13,
2012 |
|
|
| Life |
40 years |
|
|
|
Bank of America Laguna CA [Member]
|
|
|
|
| Cost: |
|
|
|
| Encumbrances |
1,657,646 |
|
|
| Accumulated Depreciation: |
|
|
|
| Land |
1,231,328 |
|
|
| Building & Improvements |
1,649,972 |
|
|
| Improvements |
|
|
|
| Carrying Costs |
|
|
|
|
Bank of America, Los Alamitos, CA [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
1,603,992 |
|
|
| Encumbrances |
922,796 |
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
20,800 |
|
|
| Land |
771,976 |
|
|
| Building & Improvements |
832,016 |
|
|
| Improvements |
|
|
|
| Carrying Costs |
|
|
|
| Land |
771,976 |
|
|
| Buildings |
832,016 |
|
|
| Total |
1,603,992 |
|
|
| Depreciation |
20,800 |
|
|
| Acquired |
Dec. 13,
2012 |
|
|
| Life |
40 years |
|
|
|
Bank of America Puerta Real Mission Viejo CA [Member]
|
|
|
|
| Cost: |
|
|
|
| Encumbrances |
734,920 |
|
|
| Accumulated Depreciation: |
|
|
|
| Land |
523,539 |
|
|
| Building & Improvements |
753,890 |
|
|
| Improvements |
|
|
|
| Carrying Costs |
|
|
|
|
Bank of America Trabuca Mission Viejo CA [Member]
|
|
|
|
| Cost: |
|
|
|
| Encumbrances |
1,115,623 |
|
|
| Accumulated Depreciation: |
|
|
|
| Land |
544,713 |
|
|
| Building & Improvements |
1,394,450 |
|
|
| Improvements |
|
|
|
| Carrying Costs |
|
|
|
|
Bank of America, Walnut, CA [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
2,257,160 |
|
|
| Encumbrances |
1,298,571 |
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
30,353 |
|
|
| Land |
1,043,050 |
|
|
| Building & Improvements |
1,214,110 |
|
|
| Improvements |
|
|
|
| Carrying Costs |
|
|
|
| Land |
1,043,050 |
|
|
| Buildings |
1,214,110 |
|
|
| Total |
2,257,160 |
|
|
| Depreciation |
30,353 |
|
|
| Acquired |
Jan.
03,
2013 |
|
|
| Life |
40 years |
|
|
|
Bank of America, Westminster, CA [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
3,032,382 |
|
|
| Encumbrances |
1,744,565 |
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
29,290 |
|
|
| Land |
1,950,902 |
|
|
| Building & Improvements |
1,081,480 |
|
|
| Improvements |
|
|
|
| Carrying Costs |
|
|
|
| Land |
1,950,902 |
|
|
| Buildings |
1,081,480 |
|
|
| Total |
3,032,382 |
|
|
| Depreciation |
29,290 |
|
|
| Acquired |
Jan.
03,
2013 |
|
|
| Life |
40 years |
|
|
|
Bank of America, Yorba Linda, CA [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
1,743,707 |
|
|
| Encumbrances |
1,003,175 |
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
12,505 |
|
|
| Land |
1,245,514 |
|
|
| Building & Improvements |
498,193 |
|
|
| Improvements |
|
|
|
| Carrying Costs |
|
|
|
| Land |
1,245,514 |
|
|
| Buildings |
498,193 |
|
|
| Total |
1,743,707 |
|
|
| Depreciation |
12,505 |
|
|
| Acquired |
Jan.
03,
2013 |
|
|
| Life |
40 years |
|
|
|
Barnes & Noble, Daytona Beach, FL [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
5,601,600 |
|
|
| Encumbrances |
|
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
1,235,975 |
|
|
| Land |
1,798,600 |
|
|
| Building & Improvements |
3,803,000 |
|
|
| Improvements |
|
|
|
| Carrying Costs |
|
|
|
| Land |
1,798,600 |
|
|
| Buildings |
3,803,000 |
|
|
| Total |
5,601,600 |
|
|
| Depreciation |
1,235,975 |
|
|
| Acquired |
Dec. 15,
2005 |
|
|
| Life |
40 years |
|
|
|
Best Buy, McDonough, GA [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
5,772,682 |
|
|
| Encumbrances |
|
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
587,348 |
|
|
| Land |
2,622,682 |
|
|
| Building & Improvements |
3,150,000 |
|
|
| Improvements |
|
|
|
| Carrying Costs |
|
|
|
| Land |
2,622,682 |
|
|
| Buildings |
3,150,000 |
|
|
| Total |
5,772,682 |
|
|
| Depreciation |
587,348 |
|
|
| Acquired |
Jun. 15,
2006 |
|
|
| Life |
40 years |
|
|
|
Big Lots, Germantown, MD [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
4,733,149 |
|
|
| Encumbrances |
|
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
24,594 |
|
|
| Land |
1,781,918 |
|
|
| Building & Improvements |
2,951,231 |
|
|
| Improvements |
|
|
|
| Carrying Costs |
|
|
|
| Land |
1,781,918 |
|
|
| Buildings |
2,951,231 |
|
|
| Total |
4,733,149 |
|
|
| Depreciation |
24,594 |
|
|
| Acquired |
Sep. 13,
2013 |
|
|
| Life |
40 years |
|
|
|
Big Lots, Phoenix, AZ [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
4,765,881 |
|
|
| Encumbrances |
|
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
69,900 |
|
|
| Land |
1,715,717 |
|
|
| Building & Improvements |
3,050,164 |
|
|
| Improvements |
|
|
|
| Carrying Costs |
|
|
|
| Land |
1,715,717 |
|
|
| Buildings |
3,050,164 |
|
|
| Total |
4,765,881 |
|
|
| Depreciation |
69,900 |
|
|
| Acquired |
Jan. 23,
2013 |
|
|
| Life |
40 years |
|
|
|
Buffalo Wild Wings, Phoenix, AZ [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
1,716,834 |
|
|
| Encumbrances |
987,715 |
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
|
|
|
| Land |
1,716,834 |
|
|
| Building & Improvements |
|
|
|
| Improvements |
|
|
|
| Carrying Costs |
|
|
|
| Land |
1,716,834 |
|
|
| Buildings |
|
|
|
| Total |
1,716,834 |
|
|
| Depreciation |
|
|
|
| Acquired |
Sep. 30,
2012 |
|
|
|
CVS, Clermont, FL [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
2,946,808 |
|
|
| Encumbrances |
|
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
404,300 |
|
|
| Land |
1,493,985 |
|
|
| Building & Improvements |
1,452,823 |
|
|
| Improvements |
|
|
|
| Carrying Costs |
|
|
|
| Land |
1,493,985 |
|
|
| Buildings |
1,452,823 |
|
|
| Total |
2,946,808 |
|
|
| Depreciation |
404,300 |
|
|
| Acquired |
Nov. 22,
2002 |
|
|
| Life |
40 years |
|
|
|
CVS, Melbourne, FL [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
2,486,974 |
|
|
| Encumbrances |
|
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
248,946 |
|
|
| Land |
1,567,788 |
|
|
| Building & Improvements |
919,186 |
|
|
| Improvements |
|
|
|
| Carrying Costs |
|
|
|
| Land |
1,567,788 |
|
|
| Buildings |
919,186 |
|
|
| Total |
2,486,974 |
|
|
| Depreciation |
248,946 |
|
|
| Acquired |
Mar.
05,
2003 |
|
|
| Life |
40 years |
|
|
|
CVS, Sanford, FL [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
3,455,847 |
|
|
| Encumbrances |
|
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
575,079 |
|
|
| Land |
1,565,176 |
|
|
| Building & Improvements |
1,890,671 |
|
|
| Improvements |
|
|
|
| Carrying Costs |
|
|
|
| Land |
1,565,176 |
|
|
| Buildings |
1,890,671 |
|
|
| Total |
3,455,847 |
|
|
| Depreciation |
575,079 |
|
|
| Acquired |
Nov. 15,
2001 |
|
|
| Life |
40 years |
|
|
|
CVS, Sanford, FL [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
3,621,319 |
|
|
| Encumbrances |
|
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
320,270 |
|
|
| Land |
2,345,694 |
|
|
| Building & Improvements |
1,275,625 |
|
|
| Improvements |
|
|
|
| Carrying Costs |
|
|
|
| Land |
2,345,694 |
|
|
| Buildings |
1,275,625 |
|
|
| Total |
3,621,319 |
|
|
| Depreciation |
320,270 |
|
|
| Acquired |
Sep. 17,
2003 |
|
|
| Life |
40 years |
|
|
|
CVS, Sebastian, FL [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
3,494,704 |
|
|
| Encumbrances |
|
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
312,292 |
|
|
| Land |
2,205,709 |
|
|
| Building & Improvements |
1,288,995 |
|
|
| Improvements |
|
|
|
| Carrying Costs |
|
|
|
| Land |
2,205,709 |
|
|
| Buildings |
1,288,995 |
|
|
| Total |
3,494,704 |
|
|
| Depreciation |
312,292 |
|
|
| Acquired |
Apr. 23,
2004 |
|
|
| Life |
40 years |
|
|
|
CVS, Sebring, FL [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
3,035,031 |
|
|
| Encumbrances |
|
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
470,115 |
|
|
| Land |
1,312,472 |
|
|
| Building & Improvements |
1,722,559 |
|
|
| Improvements |
|
|
|
| Carrying Costs |
|
|
|
| Land |
1,312,472 |
|
|
| Buildings |
1,722,559 |
|
|
| Total |
3,035,031 |
|
|
| Depreciation |
470,115 |
|
|
| Acquired |
Feb.
04,
2003 |
|
|
| Life |
40 years |
|
|
|
CVS, Tallahassee, FL [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
3,671,678 |
|
|
| Encumbrances |
2,112,360 |
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
564,654 |
|
|
| Land |
590,800 |
|
|
| Building & Improvements |
1,595,000 |
|
|
| Improvements |
1,485,878 |
|
|
| Carrying Costs |
|
|
|
| Land |
2,076,678 |
|
|
| Buildings |
1,595,000 |
|
|
| Total |
3,671,678 |
|
|
| Depreciation |
564,654 |
|
|
| Acquired |
Dec. 13,
2000 |
|
|
| Life |
40 years |
|
|
|
CVS, Vero Beach, FL [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
4,425,896 |
|
|
| Encumbrances |
|
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
281,584 |
|
|
| Land |
3,113,661 |
|
|
| Building & Improvements |
1,312,235 |
|
|
| Improvements |
|
|
|
| Carrying Costs |
|
|
|
| Land |
3,113,661 |
|
|
| Buildings |
1,312,235 |
|
|
| Total |
4,425,896 |
|
|
| Depreciation |
281,584 |
|
|
| Acquired |
Jun.
02,
2005 |
|
|
| Life |
40 years |
|
|
|
Dick's Sporting Goods, McDonough, GA [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
8,659,022 |
|
|
| Encumbrances |
|
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
905,621 |
|
|
| Land |
3,934,022 |
|
|
| Building & Improvements |
4,725,000 |
|
|
| Improvements |
|
|
|
| Carrying Costs |
|
|
|
| Land |
3,934,022 |
|
|
| Buildings |
4,725,000 |
|
|
| Total |
8,659,022 |
|
|
| Depreciation |
905,621 |
|
|
| Acquired |
Jun. 15,
2006 |
|
|
| Life |
40 years |
|
|
|
Harris Teeter Supermarket, Charlotte, NC [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
9,011,175 |
|
|
| Encumbrances |
|
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
490,093 |
|
|
| Land |
5,601,837 |
|
|
| Building & Improvements |
3,409,338 |
|
|
| Improvements |
|
|
|
| Carrying Costs |
|
|
|
| Land |
5,601,837 |
|
|
| Buildings |
3,409,338 |
|
|
| Total |
9,011,175 |
|
|
| Depreciation |
490,093 |
|
|
| Acquired |
Apr. 17,
2008 |
|
|
| Life |
40 years |
|
|
|
Hilton Resorts Corporation (Office), Orlando, FL One [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
9,401,623 |
|
|
| Encumbrances |
5,252,926 |
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
58,108 |
|
|
| Land |
2,810,942 |
|
|
| Building & Improvements |
6,590,681 |
|
|
| Improvements |
|
|
|
| Carrying Costs |
|
|
|
| Land |
2,810,942 |
|
|
| Buildings |
6,590,681 |
|
|
| Total |
9,401,623 |
|
|
| Depreciation |
58,108 |
|
|
| Acquired |
Jan. 30,
2013 |
|
|
| Life |
40 years |
|
|
|
Hilton Resorts Corporation (Office), Orlando, FL Two [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
3,663,828 |
|
|
| Encumbrances |
2,047,074 |
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
149,118 |
|
|
| Land |
1,210,138 |
|
|
| Building & Improvements |
2,453,690 |
|
|
| Improvements |
|
|
|
| Carrying Costs |
|
|
|
| Land |
1,210,138 |
|
|
| Buildings |
2,453,690 |
|
|
| Total |
3,663,828 |
|
|
| Depreciation |
149,118 |
|
|
| Acquired |
Jan. 30,
2013 |
|
|
| Life |
40 years |
|
|
|
JPMorgan Chase Bank, Chicago, IL [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
3,528,492 |
|
|
| Encumbrances |
2,029,983 |
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
|
|
|
| Land |
3,528,492 |
|
|
| Building & Improvements |
|
|
|
| Improvements |
|
|
|
| Carrying Costs |
|
|
|
| Land |
3,528,492 |
|
|
| Buildings |
|
|
|
| Total |
3,528,492 |
|
|
| Depreciation |
|
|
|
| Acquired |
Nov. 30,
2012 |
|
|
|
Lowe's Corporation, Lexington, NC [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
9,597,520 |
|
|
| Encumbrances |
|
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
1,014,021 |
|
|
| Land |
5,048,640 |
|
|
| Building & Improvements |
4,548,880 |
|
|
| Improvements |
|
|
|
| Carrying Costs |
|
|
|
| Land |
5,048,640 |
|
|
| Buildings |
4,548,880 |
|
|
| Total |
9,597,520 |
|
|
| Depreciation |
1,014,021 |
|
|
| Acquired |
Jan. 20,
2005 |
|
|
| Life |
40 years |
|
|
|
PNC Bank, Altamonte Springs, FL [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
3,846,463 |
|
|
| Encumbrances |
|
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
89,042 |
|
|
| Land |
3,435,502 |
|
|
| Building & Improvements |
410,961 |
|
|
| Improvements |
|
|
|
| Carrying Costs |
|
|
|
| Land |
3,435,502 |
|
|
| Buildings |
410,961 |
|
|
| Total |
3,846,463 |
|
|
| Depreciation |
89,042 |
|
|
| Acquired |
May 25,
2005 |
|
|
| Life |
40 years |
|
|
|
Rite Aid, Renton, WA [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
6,184,650 |
|
|
| Encumbrances |
|
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
43,213 |
|
|
| Land |
2,036,235 |
|
|
| Building & Improvements |
4,148,415 |
|
|
| Improvements |
|
|
|
| Carrying Costs |
|
|
|
| Land |
2,036,235 |
|
|
| Buildings |
4,148,415 |
|
|
| Total |
6,184,650 |
|
|
| Depreciation |
43,213 |
|
|
| Acquired |
Jul. 25,
2013 |
|
|
| Life |
40 years |
|
|
|
Walgreens, Alpharetta, GA [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
4,671,783 |
|
|
| Encumbrances |
|
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
342,752 |
|
|
| Land |
3,265,623 |
|
|
| Building & Improvements |
1,406,160 |
|
|
| Improvements |
|
|
|
| Carrying Costs |
|
|
|
| Land |
3,265,623 |
|
|
| Buildings |
1,406,160 |
|
|
| Total |
4,671,783 |
|
|
| Depreciation |
342,752 |
|
|
| Acquired |
Mar. 31,
2004 |
|
|
| Life |
40 years |
|
|
|
Walgreens, Apopka, FL [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
3,744,612 |
|
|
| Encumbrances |
|
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
330,057 |
|
|
| Land |
2,390,532 |
|
|
| Building & Improvements |
1,354,080 |
|
|
| Improvements |
|
|
|
| Carrying Costs |
|
|
|
| Land |
2,390,532 |
|
|
| Buildings |
1,354,080 |
|
|
| Total |
3,744,612 |
|
|
| Depreciation |
330,057 |
|
|
| Acquired |
Mar. 29,
2004 |
|
|
| Life |
40 years |
|
|
|
Walgreens, Boulder, CO [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
6,890,120 |
|
|
| Encumbrances |
3,963,967 |
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
304,139 |
|
|
| Land |
3,474,934 |
|
|
| Building & Improvements |
3,415,186 |
|
|
| Improvements |
|
|
|
| Carrying Costs |
|
|
|
| Land |
3,474,934 |
|
|
| Buildings |
3,415,186 |
|
|
| Total |
6,890,120 |
|
|
| Depreciation |
304,139 |
|
|
| Acquired |
Apr. 11,
2012 |
|
|
| Life |
40 years |
|
|
|
Walgreens, Clermont, FL [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
4,291,114 |
|
|
| Encumbrances |
|
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
993,253 |
|
|
| Land |
3,021,665 |
|
|
| Building & Improvements |
1,269,449 |
|
|
| Improvements |
|
|
|
| Carrying Costs |
|
|
|
| Land |
3,021,665 |
|
|
| Buildings |
1,269,449 |
|
|
| Total |
4,291,114 |
|
|
| Depreciation |
993,253 |
|
|
| Acquired |
May 27,
2004 |
|
|
| Life |
40 years |
|
|
|
Walgreens, Palm Bay, FL [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
4,260,000 |
|
|
| Encumbrances |
2,450,828 |
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
149,414 |
|
|
| Land |
1,102,640 |
|
|
| Building & Improvements |
3,157,360 |
|
|
| Improvements |
|
|
|
| Carrying Costs |
|
|
|
| Land |
1,102,640 |
|
|
| Buildings |
3,157,360 |
|
|
| Total |
4,260,000 |
|
|
| Depreciation |
149,414 |
|
|
| Acquired |
Feb. 12,
2003 |
|
|
| Life |
40 years |
|
|
|
Mason Commerce Center, Daytona Beach, FL [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
4,182,509 |
|
|
| Encumbrances |
|
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
831,707 |
|
|
| Land |
132,609 |
|
|
| Building & Improvements |
2,554,055 |
|
|
| Improvements |
1,495,845 |
|
|
| Carrying Costs |
|
|
|
| Land |
1,628,454 |
|
|
| Buildings |
2,554,055 |
|
|
| Total |
4,182,509 |
|
|
| Depreciation |
831,707 |
|
|
| Construction |
Sep.
01,
2008 |
|
|
| Life |
40 years |
|
|
|
Concierge Office Building, Daytona Beach, FL [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
3,156,043 |
|
|
| Encumbrances |
|
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
465,685 |
|
|
| Land |
293,872 |
|
|
| Building & Improvements |
2,862,171 |
|
|
| Improvements |
|
|
|
| Carrying Costs |
|
|
|
| Land |
293,872 |
|
|
| Buildings |
2,862,171 |
|
|
| Total |
3,156,043 |
|
|
| Depreciation |
465,685 |
|
|
| Construction |
Jul.
01,
2009 |
|
|
| Life |
40 years |
|
|
|
Land, Timber, and Subsurface Interests [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
15,291,911 |
|
|
| Encumbrances |
|
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
451,052 |
|
|
| Land |
4,203,083 |
|
|
| Building & Improvements |
|
|
|
| Improvements |
10,471,313 |
|
|
| Carrying Costs |
617,515 |
|
|
| Land |
15,291,911 |
|
|
| Buildings |
|
|
|
| Total |
15,291,911 |
|
|
| Depreciation |
451,052 |
|
|
|
Bank of America, Laguna Beach, CA [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
2,881,300 |
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
44,687 |
|
|
| Land |
1,231,328 |
|
|
| Buildings |
1,649,972 |
|
|
| Total |
2,881,300 |
|
|
| Depreciation |
44,687 |
|
|
| Acquired |
Dec. 13,
2012 |
|
|
| Life |
40 years |
|
|
|
Bank of America, Mission Viejo, CA (Puerta Real) [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
1,277,429 |
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
20,418 |
|
|
| Land |
523,539 |
|
|
| Buildings |
753,890 |
|
|
| Total |
1,277,429 |
|
|
| Depreciation |
20,418 |
|
|
| Acquired |
Dec. 13,
2012 |
|
|
| Life |
40 years |
|
|
|
Bank of America, Mission Viejo, CA (Trabuco) [Member]
|
|
|
|
| Cost: |
|
|
|
| Balance at End of Year |
1,939,163 |
|
|
| Accumulated Depreciation: |
|
|
|
| Balance at End of Year |
37,766 |
|
|
| Land |
544,713 |
|
|
| Buildings |
1,394,450 |
|
|
| Total |
1,939,163 |
|
|
| Depreciation |
$ 37,766 |
|
|
| Acquired |
Jan.
03,
2013 |
|
|
| Life |
40 years |
|
|