AEI Income & Growth Fund XXII LTD Partnership 10-Q 14 Aug 19 2019 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information	6 Months Ended
	Jun. 30, 2019shares
Document Information Line Items
Entity Registrant Name	AEI Income & Growth Fund XXII LTD Partnership
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding	12,965
Amendment Flag	false
Entity Central Index Key	0001023458
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Jun. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Ex Transition Period	false
City Area Code	651
Document Quarterly Report	true
Document Transition Report	false
Entity Address, Address Line One	30 East 7th Street, Suite 1300
Entity Address, City or Town	St. Paul
Entity Address, Country	US
Entity Address, Postal Zip Code	55101
Entity File Number	000-24003
Entity Incorporation, State or Country Code	MN
Entity Interactive Data Current	Yes
Entity Tax Identification Number	41-1848181
Local Phone Number	227-7333

Balance Sheet

Balance Sheet - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Current Assets:
Cash	$ 2,262,298	$ 850,519
Real Estate Investments:
Land	1,622,456	1,861,003
Buildings	4,115,876	5,281,203
Acquired Intangible Lease Assets	932,882	932,882
Real Estate Held for Investment, at cost	6,671,214	8,075,088
Accumulated Depreciation and Amortization	(2,153,021)	(2,581,592)
Real Estate Held for Investment, Net	4,518,193	5,493,496
Real Estate Held for Sale	853,157	1,208,359
Total Real Estate Investments	5,371,350	6,701,855
Total Assets	7,633,648	7,552,374
Current Liabilities:
Payable to AEI Fund Management, Inc.	16,050	43,596
Distributions Payable	142,475	142,474
Unearned Rent	6,086	9,620
Total Current Liabilities	164,611	195,690
Partners’ Capital (Deficit):
General Partners	6,087	(37,817)
Limited Partners – 24,000 Units authorized; 12,965 and 13,463 Units issued and outstanding as of 6/30/2019 and 12/31/2018	7,462,950	7,394,501
Total Partners' Capital	7,469,037	7,356,684
Total Liabilities and Partners' Capital	$ 7,633,648	$ 7,552,374

Balance Sheet (Parentheticals)

Balance Sheet (Parentheticals) - Limited Partner [Member] - shares	Jun. 30, 2019	Dec. 31, 2018
Limited Partners, units authorized	24,000	24,000
Limited Partners, units issued	12,965	13,463
Limited Partners, units outstanding	12,965	13,463

Statement of Income

Statement of Income - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Rental Income	$ 146,736	$ 165,787	$ 320,032	$ 345,218
Expenses:
Partnership Administration – Affiliates	27,059	24,689	53,050	52,926
Partnership Administration and Property Management – Unrelated Parties	9,418	12,647	32,769	23,949
Depreciation and Amortization	63,635	77,141	127,270	154,282
Total Expenses	100,112	114,477	213,089	231,157
Operating Income	46,624	51,310	106,943	114,061
Other Income:
Gain on Sale of Real Estate	655,332	0	655,332	0
Interest Income	7,861	1,310	10,708	1,978
Total Other Income	663,193	1,310	666,040	1,978
Net Income	709,817	52,620	772,983	116,039
Net Income Allocated:
General Partners	54,314	1,578	56,209	3,481
Limited Partners	$ 655,503	$ 51,042	$ 716,774	$ 112,558
Net Income per Limited Partnership Unit (in Dollars per share)	$ 50.56	$ 3.78	$ 54.24	$ 8.29
Weighted Average Units Outstanding – Basic and Diluted (in Shares)	12,965	13,503	13,214	13,572

Statement of Cash Flows

Statement of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash Flows from Operating Activities:
Net Income	$ 772,983	$ 116,039
Adjustments to Reconcile Net Income To Net Cash Provided by Operating Activities:
Depreciation and Amortization	152,146	179,158
Gain on Sale of Real Estate	(655,332)	0
Increase (Decrease) in Payable to AEI Fund Management, Inc.	(27,546)	(23,609)
Increase (Decrease) in Unearned Rent	(3,534)	34,632
Total Adjustments	(534,266)	190,181
Net Cash Provided By (Used For) Operating Activities	238,717	306,220
Cash Flows from Investing Activities:
Investments in Real Estate	(30,000)	0
Proceeds from Sale of Real Estate	1,863,691	0
Net Cash Provided By (Used For) Investing Activities	1,833,691	0
Cash Flows from Financing Activities:
Distributions Paid to Partners	(284,948)	(284,951)
Repurchase of Partnership Units	(375,681)	(111,313)
Net Cash Provided By (Used For) Financing Activities	(660,629)	(396,264)
Net Increase (Decrease) in Cash	1,411,779	(90,044)
Cash, beginning of period	850,519	913,966
Cash, end of period	$ 2,262,298	$ 823,922

Statement of Changes in Partner

Statement of Changes in Partners' Capital - USD ($)	General Partner [Member]	Limited Partner [Member]	Total
Balance at Dec. 31, 2017	$ (24,751)	$ 7,816,966	$ 7,792,215
Balance (in Shares) at Dec. 31, 2017		13,641.12
Balance at Mar. 31, 2018	(27,123)	$ 7,740,281	7,713,158
Balance (in Shares) at Mar. 31, 2018		13,641.12
Distributions Declared	(4,275)	$ (138,201)	(142,476)
Net Income	1,903	61,516	63,419
Balance at Dec. 31, 2017	(24,751)	$ 7,816,966	7,792,215
Balance (in Shares) at Dec. 31, 2017		13,641.12
Balance at Jun. 30, 2018	(33,157)	$ 7,545,147	7,511,990
Balance (in Shares) at Jun. 30, 2018		13,502.59
Distributions Declared	(8,548)	$ (276,403)	(284,951)
Repurchase of Partnership Units	(3,339)	$ (107,974)
Units Repurchased (in Shares)		(138.53)
Net Income			116,039
Balance at Mar. 31, 2018	(27,123)	$ 7,740,281	7,713,158
Balance (in Shares) at Mar. 31, 2018		13,641.12
Balance at Jun. 30, 2018	(33,157)	$ 7,545,147	7,511,990
Balance (in Shares) at Jun. 30, 2018		13,502.59
Distributions Declared	(4,273)	$ (138,202)	(142,475)
Repurchase of Partnership Units	(3,339)	$ (107,974)	(111,313)
Units Repurchased (in Shares)		(138.53)
Net Income	1,578	$ 51,042	52,620
Balance at Dec. 31, 2018	(37,817)	$ 7,394,501	7,356,684
Balance (in Shares) at Dec. 31, 2018		13,463
Balance at Mar. 31, 2019	(40,196)	$ 7,317,572	7,277,376
Balance (in Shares) at Mar. 31, 2019		13,462.92
Distributions Declared	(4,274)	$ (138,200)	(142,474)
Net Income	1,895	61,271	63,166
Balance at Dec. 31, 2018	(37,817)	$ 7,394,501	7,356,684
Balance (in Shares) at Dec. 31, 2018		13,463
Balance at Jun. 30, 2019	6,087	$ 7,462,950	7,469,037
Balance (in Shares) at Jun. 30, 2019		12,965
Distributions Declared	(8,548)	$ (276,401)	(284,949)
Repurchase of Partnership Units	(3,757)	$ (371,924)
Units Repurchased (in Shares)		(497.89)
Net Income			772,983
Balance at Mar. 31, 2019	(40,196)	$ 7,317,572	7,277,376
Balance (in Shares) at Mar. 31, 2019		13,462.92
Balance at Jun. 30, 2019	6,087	$ 7,462,950	7,469,037
Balance (in Shares) at Jun. 30, 2019		12,965
Distributions Declared	(4,274)	$ (138,201)	(142,475)
Repurchase of Partnership Units	(3,757)	$ (371,924)	(375,681)
Units Repurchased (in Shares)		(497.89)
Net Income	$ 54,314	$ 655,503	$ 709,817

Basis of Accounting

Basis of Accounting	6 Months Ended
	Jun. 30, 2019
Disclosure Text Block [Abstract]
Basis of Accounting [Text Block]	(1) The condensed statements included herein have been prepared by the registrant, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission, and reflect all adjustments which are, in the opinion of management, necessary to a fair statement of the results of operations for the interim period, on a basis consistent with the annual audited statements. The adjustments made to these condensed statements consist only of normal recurring adjustments. Certain information, accounting policies, and footnote disclosures normally included in financial statements prepared in accordance with United States Generally Accepted Accounting Principles (US GAAP) have been condensed or omitted pursuant to such rules and regulations, although the registrant believes that the disclosures are adequate to make the information presented not misleading. It is suggested that these condensed financial statements be read in conjunction with the financial statements and the summary of significant accounting policies and notes thereto included in the registrant’s latest annual report on Form 10K.

Organization

Organization	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	(2) Organization – AEI Income & Growth Fund XXII Limited Partnership (“Partnership”) was formed to acquire and lease commercial properties to operating tenants. The Partnership's operations are managed by AEI Fund Management XXI, Inc. (“AFM”), the Managing General Partner. Robert P. Johnson, the President and sole director of AFM, serves as the Individual General Partner. AFM is a wholly owned subsidiary of AEI Capital Corporation of which Mr. Johnson is the majority shareholder. AEI Fund Management, Inc. (“AEI”), an affiliate of AFM, performs the administrative and operating functions for the Partnership. The terms of the Partnership offering called for a subscription price of $1,000 per Limited Partnership Unit, payable on acceptance of the offer. The Partnership commenced operations on May 1, 1997 when minimum subscriptions of 1,500 Limited Partnership Units ($1,500,000) were accepted. The offering terminated January 9, 1999 when the extended offering period ended. The Partnership received subscriptions for 16,917.222 Limited Partnership Units. Under the terms of the Limited Partnership Agreement, the Limited Partners and General Partners contributed funds of $16,917,222 and $1,000, respectively. During operations, any Net Cash Flow, as defined, which the General Partners determine to distribute will be distributed 97% to the Limited Partners and 3% to the General Partners. Distributions to Limited Partners will be made pro rata by Units. Any Net Proceeds of Sale, as defined, from the sale or financing of properties which the General Partners determine to distribute will, after provisions for debts and reserves, be paid in the following manner: (i) first, 99% to the Limited Partners and 1% to the General Partners until the Limited Partners receive an amount equal to: (a) their Adjusted Capital Contribution plus (b) an amount equal to 9% of their Adjusted Capital Contribution per annum, cumulative but not compounded, to the extent not previously distributed from Net Cash Flow; (ii) any remaining balance will be distributed 90% to the Limited Partners and 10% to the General Partners. Distributions to the Limited Partners will be made pro rata by Units. For tax purposes, profits from operations, other than profits attributable to the sale, exchange, financing, refinancing or other disposition of property, will be allocated first in the same ratio in which, and to the extent, Net Cash Flow is distributed to the Partners for such year. Any additional profits will be allocated in the same ratio as the last dollar of Net Cash Flow is distributed. Net losses from operations will be allocated 99% to the Limited Partners and 1% to the General Partners. For tax purposes, profits arising from the sale, financing, or other disposition of property will be allocated in accordance with the Partnership Agreement as follows: (i) first, to those partners with deficit balances in their capital accounts in an amount equal to the sum of such deficit balances; (ii) second, 99% to the Limited Partners and 1% to the General Partners until the aggregate balance in the Limited Partners' capital accounts equals the sum of the Limited Partners' Adjusted Capital Contributions plus an amount equal to 9% of their Adjusted Capital Contributions per annum, cumulative but not compounded, to the extent not previously allocated; (iii) third, the balance of any remaining gain will then be allocated 90% to the Limited Partners and 10% to the General Partners. Losses will be allocated 98% to the Limited Partners and 2% to the General Partners. The General Partners are not required to currently fund a deficit capital balance. Upon liquidation of the Partnership or withdrawal by a General Partner, the General Partners will contribute to the Partnership an amount equal to the lesser of the deficit balances in their capital accounts or 1% of total Limited Partners' and General Partners' capital contributions. In May 2015, the Managing General Partner mailed a Consent Statement (Proxy) seeking the consent of the Limited Partners to continue the Partnership for an additional 60 months or to initiate the final disposition, liquidation and distribution of all of the Partnership’s properties and assets. Approval of either proposal required the affirmative vote of holders of a majority of the outstanding units. On June 17, 2015, the votes were counted and neither proposal received the required majority vote. As a result, the Partnership will not liquidate and will continue in operation until the Limited Partners vote to authorize the sale of all of the Partnership's properties or December 31, 2046, as stated in the Limited Partnership Agreement. However, in approximately five years, the Managing General Partner expects to again submit the question to liquidate to a vote by the Limited Partners.

Recently Adopted Accounting Pro

Recently Adopted Accounting Pronouncements	6 Months Ended
	Jun. 30, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	(3) Recently Adopted Accounting Pronouncements – In August 2018, the SEC adopted the final rule under SEC Release No. 33-10532, Disclosure Update and Simplification, amending certain disclosure requirements that were redundant, duplicative, overlapping, outdated or superseded. In addition, the amendments expanded the disclosure requirements for the analysis of partners’ capital for interim financial statements. Under the amendments, an analysis of changes in each caption of partners’ capital presented in the balance sheet must be provided in a note or separate statement. The analysis should present a reconciliation of the beginning balance to the ending balance of each period for which a statement of income is required to be filed. The Partnership’s first presentation of year-to-date quarterly changes in partners’ capital was included in its Form 10‑Q for the quarter ended March 31, 2019. In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02, which provides guidance for accounting for leases. The new guidance requires companies to recognize the assets and liabilities for the rights and obligations created by leased assets, initially measured at the present value of the lease payments. The accounting guidance for lessors is largely unchanged. The ASU is effective for annual and interim periods beginning after December 15, 2018. It is to be adopted using a modified retrospective approach. The Partnership has adopted the accounting pronouncement effective January 1, 2019 and the adoption of the standard did not have a material impact on the Partnership’s financial statements.

Real Estate Investments

Real Estate Investments	6 Months Ended
	Jun. 30, 2019
Real Estate [Abstract]
Real Estate Disclosure [Text Block]	(4) Real Estate Investments – In February 2018, the Partnership entered into an agreement with the tenant of the Advance Auto Parts store in Indianapolis, Indiana to extend the lease term five years to end on April 30, 2025. As part of the agreement, the annual rent decreased from $95,885 to $81,861 effective January 1, 2018. In addition, beginning on March 1, 2018, the tenant received free rent for four months that equaled $27,287. In July 2018, the Partnership entered into an agreement with the tenant of the Best Buy store in Lake Geneva, Wisconsin to extend the lease term five years to end on March 31, 2024. As part of the agreement, the annual rent decreased from $149,302 to $129,395 effective February 1, 2019. In addition, beginning on February 1, 2019, the tenant received free rent for one month that equaled $10,783. In December 2018, the Partnership decided to sell the Applebee’s restaurant in Crawfordsville, Indiana. In January 2019, the Partnership entered into an agreement to sell the property to an unrelated third party. On April 8, 2019, the sale closed with the Partnership receiving net proceeds of $1,863,691, which resulted in a net gain of $655,332. At the time of sale, the cost and related accumulated depreciation was $1,856,656 and $648,297, respectively. At December 31, 2018, the property was classified as Real Estate Held for Sale with a carrying value of $1,208,359. In June 2019, the Partnership entered into an agreement with the tenant of the Tractor Supply Company store in Grand Forks, North Dakota to extend the lease term ten years to end on November 30, 2030. The annual rent remained the same with a 4.0% increase scheduled to occur after five years. As part of the agreement, the Partnership paid a tenant improvement allowance of $30,000 that was capitalized. In June 2019, the Partnership reached an agreement to sell its 50% interest in the Tractor Supply Company store to an unrelated third party. On August 1, 2019, the sale closed with the Partnership receiving net proceeds of approximately $1,739,000, which resulted in a net gain of approximately $885,800. At the time of sale, the cost and related accumulated depreciation was $1,433,874 and $580,717, respectively. At June 30, 2019, the property was classified as Real Estate Held for Sale with a carrying value of $853,157.

Payable to AEI Fund Management,

Payable to AEI Fund Management, Inc.	6 Months Ended
	Jun. 30, 2019
Payables and Accruals [Abstract]
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	(5) Payable to AEI Fund Management, Inc. – AEI Fund Management, Inc. performs the administrative and operating functions for the Partnership. The payable to AEI Fund Management represents the balance due for those services. This balance is non-interest bearing and unsecured and is to be paid in the normal course of business.

Partners' Capital

Partners' Capital	6 Months Ended
	Jun. 30, 2019
Partners' Capital Notes [Abstract]
Partners' Capital Notes Disclosure [Text Block]	(6) Partners’ Capital – For the six months ended June 30, 2019 and 2018, the Partnership declared distributions of $284,949 and $284,951, respectively. The Limited Partners received distributions of $276,401 and $276,403 and the General Partners received distributions of $8,548 and $8,548 for the periods, respectively. The Limited Partners' distributions represented $20.92 and $20.37 per Limited Partnership Unit outstanding using 13,214 and 13,572 weighted average Units in 2019 and 2018, respectively. The distributions represented $20.92 and $0.29 per Unit of Net Income and $0.00 and $20.08 per Unit of return of capital in 2019 and 2018, respectively. On April 1, 2019, the Partnership repurchased a total of 497.89 Units for $371,924 from 16 Limited Partners in accordance with the Partnership Agreement. The Partnership acquired these Units using net sales proceeds. On April 1, 2018, the Partnership repurchased a total of 138.53 Units for $107,974 from nine Limited Partners. The Partnership acquired these Units using Net Cash Flow from operations. The repurchases increase the remaining Limited Partners' ownership interest in the Partnership. As a result of these repurchases and pursuant to the Partnership Agreement, the General Partners received distributions of $3,757 and $3,339 in 2019 and 2018, respectively.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	(7) Fair Value Measurements – As of June 30, 2019 and December 31, 2018, the Partnership had no assets or liabilities measured at fair value on a recurring basis or nonrecurring basis.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Distribution Policy, Members or Limited Partners, Description	During operations, any Net Cash Flow, as defined, which the General Partners determine to distribute will be distributed 97% to the Limited Partners and 3% to the General Partners.  Distributions to Limited Partners will be made pro rata by Units.Any Net Proceeds of Sale, as defined, from the sale or financing of properties which the General Partners determine to distribute will, after provisions for debts and reserves, be paid in the following manner: (i) first, 99% to the Limited Partners and 1% to the General Partners until the Limited Partners receive an amount equal to: (a) their Adjusted Capital Contribution plus (b) an amount equal to 9% of their Adjusted Capital Contribution per annum, cumulative but not compounded, to the extent not previously distributed from Net Cash Flow; (ii) any remaining balance will be distributed 90% to the Limited Partners and 10% to the General Partners.  Distributions to the Limited Partners will be made pro rata by Units.
Key Provisions of Operating or Partnership Agreement, Description	For tax purposes, profits from operations, other than profits attributable to the sale, exchange, financing, refinancing or other disposition of property, will be allocated first in the same ratio in which, and to the extent, Net Cash Flow is distributed to the Partners for such year.  Any additional profits will be allocated in the same ratio as the last dollar of Net Cash Flow is distributed.  Net losses from operations will be allocated 99% to the Limited Partners and 1% to the General Partners.For tax purposes, profits arising from the sale, financing, or other disposition of property will be allocated in accordance with the Partnership Agreement as follows: (i) first, to those partners with deficit balances in their capital accounts in an amount equal to the sum of such deficit balances; (ii) second, 99% to the Limited Partners and 1% to the General Partners until the aggregate balance in the Limited Partners' capital accounts equals the sum of the Limited Partners' Adjusted Capital Contributions plus an amount equal to 9% of their Adjusted Capital Contributions per annum, cumulative but not compounded, to the extent not previously allocated; (iii) third, the balance of any remaining gain will then be allocated 90% to the Limited Partners and 10% to the General Partners.  Losses will be allocated 98% to the Limited Partners and 2% to the General Partners.The General Partners are not required to currently fund a deficit capital balance.  Upon liquidation of the Partnership or withdrawal by a General Partner, the General Partners will contribute to the Partnership an amount equal to the lesser of the deficit balances in their capital accounts or 1% of total Limited Partners' and General Partners' capital contributions
New Accounting Pronouncement or Change in Accounting Principle, Description	In August 2018, the SEC adopted the final rule under SEC Release No. 33-10532, Disclosure Update and Simplification, amending certain disclosure requirements that were redundant, duplicative, overlapping, outdated or superseded. In addition, the amendments expanded the disclosure requirements for the analysis of partners’ capital for interim financial statements. Under the amendments, an analysis of changes in each caption of partners’ capital presented in the balance sheet must be provided in a note or separate statement. The analysis should present a reconciliation of the beginning balance to the ending balance of each period for which a statement of income is required to be filed. The Partnership’s first presentation of year-to-date quarterly changes in partners’ capital was included in its Form 10‑Q for the quarter ended March 31, 2019.In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02, which provides guidance for accounting for leases.  The new guidance requires companies to recognize the assets and liabilities for the rights and obligations created by leased assets, initially measured at the present value of the lease payments.  The accounting guidance for lessors is largely unchanged.  The ASU is effective for annual and interim periods beginning after December 15, 2018. It is to be adopted using a modified retrospective approach.  The Partnership has adopted the accounting pronouncement effective January 1, 2019 and the adoption of the standard did not have a material impact on the Partnership’s financial statements.

Organization (Details)

Organization (Details) - USD ($)	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Jan. 09, 1999	May 01, 1997
Limited Partner [Member]
Organization (Details) [Line Items]
Capital Units, Value								$ 1,000
Limited Partners' Capital Account, Units Outstanding (in Shares)	12,965	13,462.92	13,463	13,502.59	13,641.12	13,641.12	16,917.222	1,500
Limited Partners' Contributed Capital							$ 16,917,222	$ 1,500,000
General Partner [Member]
Organization (Details) [Line Items]
General Partners' Contributed Capital							$ 1,000

Real Estate Investments (Detail

Real Estate Investments (Details) - USD ($)

Aug. 01, 2019

Jun. 01, 2019

Apr. 08, 2019

Jul. 01, 2018

Feb. 01, 2018

Jan. 31, 2020

Jan. 31, 2019

Dec. 31, 2018

Dec. 31, 2017

Jun. 30, 2019

Feb. 01, 2019

Mar. 01, 2018

Advance Auto Parts Indianapolis IN

Real Estate Investments (Details) [Line Items]

Average Lease Term

In February 2018, the Partnership entered into an agreement with the tenant of the Advance Auto Parts store in Indianapolis, Indiana to extend the lease term five years to end on April 30, 2025

Revenue from Contract with Customer, Excluding Assessed Tax

$ 81,861

$ 95,885

Financing Receivable, Allowance for Credit Loss, Current

$ 27,287

Best Buy Lake Geneva WI

Real Estate Investments (Details) [Line Items]

Average Lease Term

In July 2018, the Partnership entered into an agreement with the tenant of the Best Buy store in Lake Geneva, Wisconsin to extend the lease term five years to end on March 31, 2024.

Revenue from Contract with Customer, Excluding Assessed Tax

$ 129,395

$ 149,302

Financing Receivable, Allowance for Credit Loss, Current

$ 10,783

Applebees Crawfordsville IN

Real Estate Investments (Details) [Line Items]

Disposal Date

Apr. 8, 2019

Proceeds from Sale of Real Estate

$ 1,863,691

Gain (Loss) on Disposition of Assets

655,332

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Cost of Investment in Real Estate Sold

1,856,656

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation

$ 648,297

Property, Plant and Equipment, Gross

$ 1,208,359

Tractor Supply Company Grand Forks ND

Real Estate Investments (Details) [Line Items]

Average Lease Term

In June 2019, the Partnership entered into an agreement with the tenant of the Tractor Supply Company store in Grand Forks, North Dakota to extend the lease term ten years to end on November 30, 2030

Disposal Date

Aug. 1, 2019

Proceeds from Sale of Real Estate

$ 1,739,000

Gain (Loss) on Disposition of Assets

885,800

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Cost of Investment in Real Estate Sold

1,433,874

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation

$ 580,717

Property, Plant and Equipment, Gross

$ 853,157

Payments for Tenant Improvements

$ 30,000

Partners' Capital (Details)

Partners' Capital (Details) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Partners' Capital (Details) [Line Items]
Distribution Made to Limited Partner, Cash Distributions Declared	$ 142,475	$ 142,474	$ 142,475	$ 142,476	$ 284,949	$ 284,951
Partners' Capital Account, Redemptions	375,681		111,313
Limited Partner [Member]
Partners' Capital (Details) [Line Items]
Distribution Made to Limited Partner, Cash Distributions Declared	$ 138,201	138,200	$ 138,202	138,201	$ 276,401	$ 276,403
Distribution Made to Limited Partner, Distributions Declared, Per Unit (in Dollars per share)					$ 20.92	$ 20.37
Weighted Average Limited Partnership Units Outstanding, Basic (in Shares)					13,214	13,572
DistributionsPerUnitOfNetIncome (in Dollars per share)					$ 20.92	$ 0.29
DistributionsPerUnitOfReturnOfCapital (in Dollars per share)					$ 0	$ 20.08
Partners' Capital Account, Units, Redeemed (in Shares)	497.89		138.53		497.89	138.53
Partners' Capital Account, Redemptions	$ 371,924		$ 107,974		$ 371,924	$ 107,974
General Partner [Member]
Partners' Capital (Details) [Line Items]
Distribution Made to Limited Partner, Cash Distributions Declared	4,274	$ 4,274	4,273	$ 4,275	8,548	8,548
Partners' Capital Account, Redemptions	$ 3,757		$ 3,339		$ 3,757	$ 3,339