AEI Income & Growth Fund 25 10-K 30 Mar 20 2019 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Document Information Line Items
Entity Registrant Name	AEI Income & Growth fund 25 LLC
Document Type	10-K
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding	38,962
Entity Public Float		$ 0
Amendment Flag	false
Entity Central Index Key	0001185198
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Dec. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Interactive Data Current	Yes

Balance Sheet

Balance Sheet - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Current Assets:
Cash	$ 3,756,509	$ 2,217,588
Real Estate Investments:
Land	6,376,366	8,104,682
Buildings	16,519,294	20,205,136
Acquired Intangible Lease Assets	2,217,140	2,168,000
Real Estate Held for Investment, at cost	25,112,800	30,477,818
Accumulated Depreciation and Amortization	(7,934,356)	(9,080,350)
Real Estate Held for Investment, Net	17,178,444	21,397,468
Real Estate Held for Sale	516,474	0
Total Real Estate Investments	17,694,918	21,397,468
Total Assets	21,451,427	23,615,056
Current Liabilities:
Payable to AEI Fund Management, Inc.	132,049	210,532
Distributions Payable	414,435	424,329
Unearned Rent	18,333	27,083
Total Current Liabilities	564,817	661,944
Long-term Liabilities:
Acquired Below-Market Lease Intangibles, Net	32,661	46,177
Members’ Equity (Deficit):
Managing Members	(96,493)	(46,882)
Limited Members – 50,000 Units authorized; 38,962 and 39,820 Units issued and outstanding as of December 31, 2019 and 2018, respectively	20,950,442	22,953,817
Total Members’ Equity	20,853,949	22,906,935
Total Liabilities and Members’ Equity	$ 21,451,427	$ 23,615,056

Balance Sheet (Parentheticals)

Balance Sheet (Parentheticals) - Limited Partner [Member] - shares	Dec. 31, 2019	Dec. 31, 2018
Limited Members, units authorized	50,000	50,000
Limited Members, units issued	38,962	39,820
Limited Members, units outstanding	38,962	39,820

Statement of Operations

Statement of Operations - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Rental Income	$ 1,966,368	$ 2,096,567
Expenses:
LLC Administration – Affiliates	267,923	274,962
LLC Administration and Property Management – Unrelated Parties	177,439	253,307
Depreciation and Amortization	854,297	863,990
Real Estate Impairment	910,613	830,971
Total Expenses	2,210,272	2,223,230
Operating Income (Loss)	(243,904)	(126,663)
Other Income:
Gain on Sale of Real Estate	340,620	0
Interest Income	36,064	41,001
Total Other Income	376,684	41,001
Net Income	132,780	(85,662)
Net Income (Loss) Allocated:
Managing Members	3,983	(2,570)
Limited Members	$ 128,797	$ (83,092)
Net Income (Loss) per LLC Unit (in Dollars per share)	$ 3.28	$ (2.08)
Weighted Average Units Outstanding – Basic and Diluted (in Shares)	39,322	39,915

Statement of Cash Flows

Statement of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Cash Flows from Operating Activities:
Net Income (Loss)	$ 132,780	$ (85,662)
Adjustments to Reconcile Net Income To Net Cash Provided by Operating Activities:
Depreciation and Amortization	918,117	889,831
Real Estate Impairment	910,613	830,971
Gain on Sale of Real Estate	(340,620)	0
Increase (Decrease) in Payable to AEI Fund Management, Inc.	(78,483)	55,265
Increase (Decrease) in Unearned Rent	(8,750)	11,598
Total Adjustments	1,400,877	1,787,665
Net Cash Provided By (Used For) Operating Activities	1,533,657	1,702,003
Cash Flows from Investing Activities:
Investments in Real Estate	(49,140)	(3,429,590)
Proceeds from Sale of Real Estate	2,250,064	0
Net Cash Provided By (Used For) Investing Activities	2,200,924	(3,429,590)
Cash Flows from Financing Activities:
Distributions Paid to Members	(1,677,638)	(1,989,497)
Repurchase of LLC Units	(518,022)	(146,884)
Net Cash Provided By (Used For) Financing Activities	(2,195,660)	(2,136,381)
Net Increase (Decrease) in Cash	1,538,921	(3,863,968)
Cash, beginning of year	2,217,588	6,081,556
Cash, end of year	$ 3,756,509	$ 2,217,588

Statement of Changes in Members

Statement of Changes in Members' Equity - USD ($)	General Partner [Member]	Limited Partner [Member]	Total
Balance at Dec. 31, 2017	$ 7,265	$ 24,825,791	$ 24,833,056
Balance (in Shares) at Dec. 31, 2017		40,042.40
Balance at Dec. 31, 2018	(46,882)	$ 22,953,817	22,906,935
Balance (in Shares) at Dec. 31, 2018		39,820
Distributions Declared	(47,171)	$ (1,646,404)	(1,693,575)
Repurchase of LLC Units	(4,406)	$ (142,478)	(146,884)
Units Repurchased (in Shares)		(222.04)
Net Income (Loss)	(2,570)	$ (83,092)	(85,662)
Balance at Dec. 31, 2019	(96,493)	$ 20,950,442	20,853,949
Balance (in Shares) at Dec. 31, 2019		38,962
Distributions Declared	(38,053)	$ (1,629,691)	(1,667,744)
Repurchase of LLC Units	(15,541)	$ (502,481)	(518,022)
Units Repurchased (in Shares)		(858.64)
Net Income (Loss)	$ 3,983	$ 128,797	$ 132,780

Organization

Organization	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	(1) Organization – AEI Income & Growth Fund 25 LLC (“Company”), a Limited Liability Company, was formed on June 24, 2002 to acquire and lease commercial properties to operating tenants. The Company's operations are managed by AEI Fund Management XXI, Inc. (“AFM”), the Managing Member. Robert P. Johnson, the Chief Executive Officer and sole director of AFM, serves as the Special Managing Member. AFM is a wholly owned subsidiary of AEI Capital Corporation of which Mr. Johnson and his wife own a majority interest. AEI Fund Management, Inc. (“AEI”), an affiliate of AFM, performs the administrative and operating functions for the Company. The terms of the offering called for a subscription price of $1,000 per LLC Unit, payable on acceptance of the offer. The Company commenced operations on September 11, 2003 when minimum subscriptions of 1,500 LLC Units ($1,500,000) were accepted. The offering terminated May 12, 2005, when the extended offering period ended. The Company received subscriptions for 42,434.763 Units. Under the terms of the Operating Agreement, the Limited Members and Managing Members contributed funds of $42,434,763 and $1,000, respectively. The Company shall continue until December 31, 2053, unless dissolved, terminated and liquidated prior to that date. During operations, any Net Cash Flow, as defined, which the Managing Members determine to distribute will be distributed 97% to the Limited Members and 3% to the Managing Members. Distributions to Limited Members will be made pro rata by Units. Any Net Proceeds of Sale, as defined, from the sale or financing of properties which the Managing Members determine to distribute will, after provisions for debts and reserves, be paid in the following manner: (i) first, 99% to the Limited Members and 1% to the Managing Members until the Limited Members receive an amount equal to: (a) their Adjusted Capital Contribution plus (b) an amount equal to 7% 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 Members and 10% to the Managing Members. Distributions to the Limited Members 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 97% to the Limited Members and 3% to the Managing Members. Net losses from operations will be allocated 99% to the Limited Members and 1% to the Managing Members. For tax purposes, profits arising from the sale, financing, or other disposition of property will be allocated in accordance with the Operating Agreement as follows: (i) first, to those Members with deficit balances in their capital accounts in an amount equal to the sum of such deficit balances; (ii) second, 99% to the Limited Members and 1% to the Managing Members until the aggregate balance in the Limited Members' capital accounts equals the sum of the Limited Members' Adjusted Capital Contributions plus an amount equal to 7% 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 Members and 10% to the Managing Members. Losses will be allocated 99% to the Limited Members and 1% to the Managing Members. The Managing Members are not required to currently fund a deficit capital balance. Upon liquidation of the Company or withdrawal by a Managing Member, the Managing Members will contribute to the Company an amount equal to the lesser of the deficit balances in their capital accounts or 1.01% of the total capital contributions of the Limited Members over the amount previously contributed by the Managing Members. In July 2018, the Managing Member mailed a Consent Statement (Proxy) seeking the consent of the Limited Members to continue the Company for an additional 60 months or to initiate the final disposition, liquidation and distribution of all of the Company’s properties and assets. Approval of either proposal required the affirmative vote of holders of a majority of the outstanding units. On August 24, 2018, the votes were counted and neither proposal received the required majority vote. As a result, the Company will not liquidate and will continue in operation until the Limited Members vote to authorize the sale of all of the Company’s properties or December 31, 2053, as stated in the Operating Agreement. However, in approximately five years, the Managing Member expects to again submit the question to liquidate to a vote by the Limited Members.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	(2) Summary of Significant Accounting Policies – Financial Statement Presentation The accounts of the Company are maintained on the accrual basis of accounting for both federal income tax purposes and financial reporting purposes. Accounting Estimates Management uses estimates and assumptions in preparing these financial statements in accordance with United States Generally Accepted Accounting Principles (US GAAP). Those estimates and assumptions may affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could differ from those estimates, and the difference could be material. Significant items, subject to such estimates and assumptions, include the carrying value of real estate held for investment, real estate held for sale and related intangible assets. The Company regularly assesses whether market events and conditions indicate that it is reasonably possible to recover the carrying amounts of its investments in real estate from future operations and sales. A change in those market events and conditions could have a material effect on the carrying amount of its real estate. Cash Concentrations of Credit Risk The Company's cash is deposited in one financial institution and at times during the year it may exceed FDIC insurance limits. Receivables Credit terms are extended to tenants in the normal course of business. The Company performs ongoing credit evaluations of its customers’ financial condition and, generally, requires no collateral. Receivables are recorded at their estimated net realizable value. The Company follows a policy of providing an allowance for doubtful accounts; however, based on historical experience, and its evaluation of the current status of receivables, the Company is of the belief that such accounts, if any, will be collectible in all material respects and thus an allowance is not necessary. Accounts are considered past due if payment is not made on a timely basis in accordance with the Company’s credit terms. Receivables considered uncollectible are written off. Income Taxes The income or loss of the Company for federal income tax reporting purposes is includable in the income tax returns of the Members. In general, no recognition has been given to income taxes in the accompanying financial statements. The tax return and the amount of distributable Company income or loss are subject to examination by federal and state taxing authorities. If such an examination results in changes to distributable Company income or loss, the taxable income of the members would be adjusted accordingly. Primarily due to its tax status as a partnership, the Company has no significant tax uncertainties that require recognition or disclosure. The Company is no longer subject to U.S. federal income tax examinations for tax years before 2016, and with few exceptions, is no longer subject to state tax examinations for tax years before 2016. Revenue Recognition The Company's real estate is leased under net leases, classified as operating leases. The leases provide for base annual rental payments payable in monthly installments. The Company recognizes rental income according to the terms of the individual leases. For leases that contain stated rental increases, the increases are recognized in the year in which they are effective. Contingent rental payments are recognized when the contingencies on which the payments are based are satisfied and the rental payments become due under the terms of the leases. Real Estate Upon acquisition of real properties, the Company records them in the financial statements at cost. The purchase price is allocated to tangible assets, consisting of land and building, and to identified intangible assets and liabilities, which may include the value of above market and below market leases and the value of in-place leases. The allocation of the purchase price is based upon the fair value of each component of the property. Although independent appraisals may be used to assist in the determination of fair value, in many cases these values will be based upon management’s assessment of each property, the selling prices of comparable properties and the discounted value of cash flows from the asset. The fair values of above market and below market in-place leases will be recorded based on the present value (using an interest rate which reflects the risks associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to the in-place leases and (ii) an estimate of fair market lease rates for the corresponding in-place leases measured over a period equal to the non-cancelable term of the lease including any bargain renewal periods. The above market and below market lease values will be capitalized as intangible lease assets or liabilities. Above market lease values will be amortized as an adjustment of rental income over the remaining term of the respective leases. Below market lease values will be amortized as an adjustment of rental income over the remaining term of the respective leases, including any bargain renewal periods. If a lease were to be terminated prior to its stated expiration, all unamortized amounts of above market and below market in-place lease values relating to that lease would be recorded as an adjustment to rental income. The fair values of in-place leases will include estimated direct costs associated with obtaining a new tenant, and opportunity costs associated with lost rentals which are avoided by acquiring an in-place lease. Direct costs associated with obtaining a new tenant may include commissions, tenant improvements, and other direct costs and are estimated, in part, by management’s consideration of current market costs to execute a similar lease. These direct costs will be included in intangible lease assets on the balance sheet and will be amortized to expense over the remaining term of the respective leases. The value of opportunity costs will be calculated using the contractual amounts to be paid pursuant to the in-place leases over a market absorption period for a similar lease. These intangibles will be included in intangible lease assets on the balance sheet and will be amortized to expense over the remaining term of the respective leases. If a lease were to be terminated prior to its stated expiration, all unamortized amounts of in-place lease assets relating to that lease would be expensed. The Company tests real estate for recoverability when events or changes in circumstances indicate that the carrying value may not be recoverable. For properties the Company will hold and operate, it compares the carrying amount of the property to the estimated probability-weighted future undiscounted cash flows expected to result from the property and its eventual disposition. If the sum of the expected future cash flows is less than the carrying amount of the property, the Company recognizes an impairment loss by the amount by which the carrying amount of the property exceeds the fair value of the property. For properties held for sale, the Company determines whether impairment has occurred by comparing the property’s estimated fair value less cost to sell to its current carrying value. If the carrying value is greater than the net realizable value, an impairment loss is recorded to reduce the carrying value of the property to its net realizable value. For financial reporting purposes, the buildings owned by the Company are depreciated using the straight-line method over an estimated useful life of 25 years. Intangible lease assets are amortized using the straight-line method for financial reporting purposes based on the remaining life of the lease. The disposition of a property or classification of a property as Real Estate Held for Sale by the Company does not represent a strategic shift that will have a major effect on the Company’s operations and financial results. Therefore, the results from operating and selling the property are included in continuing operations. The Company accounts for properties owned as tenants-in-common with affiliated entities and/or unrelated third parties using the proportionate consolidation method. Each tenant-in-common owns a separate, undivided interest in the properties. Any tenant-in-common that holds more than a 50% interest does not control decisions over the other tenant-in-common interests. The financial statements reflect only this Company's percentage share of the properties' land, building, liabilities, revenues and expenses. The Company’s properties are subject to environmental laws and regulations adopted by various governmental entities in the jurisdiction in which the properties are located. These laws could require the Company to investigate and remediate the effects of the release or disposal of hazardous materials at these locations if found. For each property, an environmental assessment is completed prior to acquisition. In addition, the lease agreements typically strictly prohibit the production, handling, or storage of hazardous materials (except where incidental to the tenant’s business such as use of cleaning supplies) in violation of applicable law to restrict environmental and other damage. Environmental liabilities are recorded when it is determined the liability is probable and the costs can reasonably be estimated. There were no environmental issues noted or liabilities recorded at December 31, 2019 and 2018. Fair Value Measurements Fair value, as defined by US GAAP, is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date in the principal or most advantageous market. US GAAP establishes a hierarchy in determining the fair value of an asset or liability. The fair value hierarchy has three levels of inputs, both observable and unobservable. US GAAP requires the utilization of the lowest possible level of input to determine fair value. Level 1 inputs include quoted market prices in an active market for identical assets or liabilities. Level 2 inputs are market data, other than Level 1 inputs, that are observable either directly or indirectly. Level 2 inputs include quoted market prices for similar assets or liabilities, quoted market prices in an inactive market, and other observable information that can be corroborated by market data. Level 3 inputs are unobservable and corroborated by little or no market data. At December 31, 2019 and 2018, the Company had no financial assets or liabilities measured at fair value on a recurring basis or nonrecurring basis that would require disclosure. The Company had the following nonfinancial assets measured on a nonrecurring basis that were recorded at fair value during 2019 and 2018. The Dick’s Sporting Goods store in Fredericksburg, Virginia with a carrying amount of $2,423,971 at December 31, 2018, was written down to its estimated fair value of $1,593,000 after completing our long-lived asset valuation analysis. The resulting impairment charge of $830,971 was included in earnings for the fourth quarter of 2018. The fair value of the property was based upon estimated probability-weighted future undiscounted cash flows expected to result from the property and its eventual disposition. These estimates are considered Level 3 inputs in the valuation hierarchy. At March 31, 2019, the property was written down to its estimated fair value of $972,000 after completing our long-lived asset valuation analysis. The resulting impairment charge of $611,623 was included in earnings for the first quarter of 2019. The fair value of the property was based upon an appraisal prepared by an independent commercial property appraiser. The appraisal is considered a Level 3 input in the valuation hierarchy. At September 30, 2019, the property was written down to its estimated fair value of $661,500 after completing our long-lived asset valuation analysis. The resulting impairment charge of $298,990 was included in earnings for the third quarter of 2019. The fair value of the property was based upon a signed purchase agreement, which is considered a Level 3 input in the valuation hierarchy. Income Per Unit Income per LLC Unit is calculated based on the weighted average number of LLC Units outstanding during each period presented. Diluted income per LLC Unit considers the effect of any potentially dilutive Unit equivalents, of which the Company had none for each of the years ended December 31, 2019 and 2018. Reportable Segments The Company invests in single tenant commercial properties throughout the United States that are net leased to tenants in various industries. Because these net leased properties have similar economic characteristics, the Company evaluates operating performance on an overall portfolio basis. Therefore, the Company’s properties are classified as one reportable segment. 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 members' equity for interim financial statements. Under the amendments, an analysis of changes in each caption of members' equity 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 Company’s first presentation of year-to-date quarterly changes in members' equity 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 Company has adopted the accounting pronouncement effective January 1, 2019 and the adoption of the standard did not have a material impact on the Company’s financial statements.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	(3) Related Party Transactions – The Company owns the percentage interest shown below in the following properties as tenants-in-common with the affiliated entities listed: Jared Jewelry store in Madison Heights, Michigan (21% – AEI Income & Growth Fund 23 LLC and AEI Accredited Investor Fund 2002 Limited Partnership); Jared Jewelry store in Auburn Hills, Michigan (60% – AEI Income & Growth Fund XXI Limited Partnership); property in Wichita, Kansas (60% – AEI Income & Growth Fund 26 LLC); Advance Auto Parts store in Indianapolis, Indiana (35% – AEI Income & Growth Fund XXII Limited Partnership); Staples store (72% – AEI Income & Growth Fund XXII Limited Partnership); Coliseum Health clinic (50% – AEI Income & Growth Fund 24 LLC); and PetSmart store (73% – AEI Income & Growth Fund 24 LLC). The Company owned a 27% interest in a Dick’s Sporting Goods store. AEI Income & Growth Fund 23 LLC, AEI Income & Growth Fund 24 LLC and AEI Income & Growth Fund 26 LLC, affiliates of the Company, owned the remaining 73% interest in this property until the property was sold to an unrelated third party in 2019. AEI received the following reimbursements for costs and expenses from the Company for the years ended December 31: 2019 2018 AEI is reimbursed for costs incurred in providing services related to managing the Company’s operations and properties, maintaining the Company’s books, and communicating with the Limited Members. $ 267,923 $ 274,962 AEI is reimbursed for all direct expenses it paid on the Company’s behalf to third parties related to Company administration and property management. These expenses included printing costs, legal and filing fees, direct administrative costs, outside audit costs, taxes, insurance and other property costs. $ 177,439 $ 253,307 AEI is reimbursed for costs incurred in providing services and direct expenses related to the acquisition of property on behalf of the Company. $ 0 $ 99,590 AEI is reimbursed for costs incurred in providing services related to the sale of property on behalf of the Company. $ 10,699 $ 0 The payable to AEI Fund Management, Inc. represents the balance due for the services described in 3a, b, c and d. This balance is non-interest bearing and unsecured and is to be paid in the normal course of business.

Real Estate Investments

Real Estate Investments	12 Months Ended
	Dec. 31, 2019
Real Estate [Abstract]
Real Estate Disclosure [Text Block]	(4) Real Estate Investments – The Company leases its properties to tenants under net leases, classified as operating leases. Under a net lease, the tenant is responsible for real estate taxes, insurance, maintenance, repairs and operating expenses for the property. For some leases, the Company is responsible for repairs to the structural components of the building, the roof, and the parking lot. At the time the properties were acquired, the remaining primary lease terms varied from 10 to 20 years, except for the Staples store, which had a remaining primary term of 8.4 years, and the Premier Diagnostic Imaging center, which had a remaining primary term of 7.8 years. The leases provide the tenants with one to five five-year renewal options subject to the same terms and conditions as the primary term. The leases for the Jared Jewelry store in Auburn Hills, Michigan and the Advance Auto Parts store were extended to end on December 31, 2024 and April 30, 2025, respectively. The Company's properties are commercial, single-tenant buildings. The Jared Jewelry store in Madison Heights, Michigan was constructed in 2003 and acquired in 2004. The Jared Jewelry store in Auburn Hills, Michigan was constructed in 1999 and acquired in 2005. The Jared Jewelry store in Concord, New Hampshire was constructed and acquired in 2005. The Jared Jewelry store in Aurora, Illinois was constructed in 2000 and acquired in 2005. The building in Wichita, Kansas was constructed in 1996, renovated in 2001 and acquired in 2005. The Advance Auto Parts store in Indianapolis, Indiana was constructed in 2005 and acquired in 2006. The Staples store was constructed in 2010 and acquired in 2011. The Coliseum Health clinic was constructed and acquired in 2012. The PetSmart store was constructed and acquired in 2013. The Premier Diagnostic Imaging center was constructed in 2005, renovated in 2012 and acquired in 2014. The Tractor Supply Company store in Canton, Mississippi was constructed in 2013 and acquired in 2018. There have been no costs capitalized as improvements subsequent to the acquisitions, except for $7,733 of tenant improvements related to the Staples store. The cost of the properties not held for sale and related accumulated depreciation at December 31, 2019 are as follows: Property Land Buildings Total Accumulated Depreciation Jared Jewelry, Auburn Hills, MI $ 421,489 $ 1,777,578 $ 2,199,067 $ 1,063,586 Jared Jewelry, Concord, NH 1,061,663 3,095,971 4,157,634 1,744,070 Jared Jewelry, Aurora, IL 1,790,636 2,027,709 3,818,345 1,138,890 Biomat USA / BigTime Fun, Wichita, KS 771,076 1,937,641 2,708,717 1,194,853 Advance Auto Parts, Indianapolis, IN 289,661 380,315 669,976 198,399 Staples, Clermont, FL 615,600 1,398,709 2,014,309 457,631 Coliseum Health, Macon, GA 200,000 451,517 651,517 134,701 PetSmart, Gonzales, LA 277,400 1,501,964 1,779,364 393,021 Premier Diagnostic Imaging, Terre Haute, IN 300,000 1,848,049 2,148,049 397,339 Tractor Supply, Canton, MS 648,841 2,099,841 2,748,682 90,995 $ 6,376,366 $ 16,519,294 $ 22,895,660 $ 6,813,485 For the years ended December 31, 2019 and 2018, the Company recognized depreciation expense of $699,497 and $740,647, respectively. On November 30, 2018, the Company purchased a Tractor Supply Company store in Canton, Mississippi for $3,429,590. The Company allocated $680,908 of the purchase price to Acquired Intangible Lease Assets, representing in-place lease intangibles of $287,300 and above-market lease intangibles of $393,608. The property is leased to Tractor Supply Company under a lease agreement with a remaining primary term of 9.5 years (as of the date of purchase) and annual rent of $220,000. On January 17, 2020, the Company purchased an additional 27% joint-venture interest in the PetSmart store in Gonzales, Louisiana for $830,250 from AEI Income & Growth Fund 24 LLC (“Fund 24”), an affiliate of the Company. The purchase price of the property interest was based upon the property’s fair market value as determined by an independent, third-party, commercial property appraiser. The property interest became available because Fund 24 is in the process of liquidating its property portfolio. The Company now owns 100% of the PetSmart property. The annual rent for the additional 27% interest that was purchased is $66,468. The following schedule presents the cost and related accumulated amortization of acquired lease intangibles not held for sale at December 31: 2019 2018 Cost Accumulated Amortization Cost Accumulated Amortization In-Place Lease Intangibles (weighted average life of 49 and 58 months, respectively) $ 1,445,379 $ 827,615 $ 1,396,239 $ 672,815 Above-Market Lease Intangibles (weighted average life of 73 and 85 months, respectively) 771,761 293,256 771,761 215,920 Acquired Intangible Lease Assets $ 2,217,140 $ 1,120,871 $ 2,168,000 $ 888,735 Acquired Below-Market Lease Intangibles (weighted average life of 29 and 41 months, respectively) $ 104,746 $ 72,085 $ 104,746 $ 58,569 For the years ended December 31, 2019 and 2018, the value of in-place lease intangibles amortized to expense was $154,800 and $123,343, the decrease to rental income for above-market leases was $77,336 and $39,357, and the increase to rental income for below-market leases was $13,516 and $13,516, respectively. For lease intangibles not held for sale at December 31, 2019, the estimated amortization for the next five years is as follows: Amortization Expense for In-Place Lease Intangibles Decrease to Rental Income for Above-Market Leases Increase to Rental Income for Below-Market Leases 2020 $ 127,997 $ 77,336 $ 13,516 2021 119,068 77,336 13,516 2022 97,197 77,336 5,629 2023 51,801 59,420 0 2024 41,080 45,514 0 $ 437,143 $ 336,942 $ 32,661 The Company owns a 60% interest in a former Sports Authority store in Wichita, Kansas. On March 2, 2016, the tenant, TSA Stores, Inc., and its parent company, The Sports Authority, Inc., the guarantor of the lease, filed for Chapter 11 bankruptcy reorganization. In June 2016, the tenant filed a motion with the bankruptcy court to reject the lease for this store effective June 30, 2016, at which time the tenant returned possession of the property to the owners. As of December 31, 2019, the tenant owed $29,049 of past due rent, which was not accrued for financial reporting purposes. The owners listed the property for lease with a real estate broker in the Wichita area. While the property was vacant, the Company was responsible for its 60% share of real estate taxes and other costs associated with maintaining the property. On September 21, 2017, the Company entered into a lease agreement with a primary term of 10 years with Biomat USA, Inc. (“Biomat”) as a replacement tenant for 28% of the square footage of the property. The tenant operates a Biomat USA Plasma Center in the space. The Company’s 60% share of annual rent, which commenced on June 18, 2018, is $55,607. Biomat agreed to pay for the costs to divide the building into two separate spaces, the costs of tenant improvements to remodel the Biomat space and 28% of the cost to replace the roof. In the second quarter of 2018, the Company recorded $81,329 as a property expense for its 60% share of the remaining cost to replace the roof. At December 31, 2017, the Company accrued its 60% share of lease commissions due to real estate brokers totaling $81,440 that were owed as part of the lease transaction. This amount was capitalized and will be amortized over the term of the lease. On August 27, 2019, the Company entered into a lease agreement with a primary term of 10 years with BigTime Fun Center, LLC as a replacement tenant for 57% of the square footage of the property. The tenant will operate an indoor sports entertainment center in the space. The Company’s 60% share of annual rent, which commenced on February 23, 2020, is $117,000. As part of the agreement, the Company will pay a tenant improvement allowance of $96,000 when certain conditions are met by the tenant. In September 2019, the Company paid $49,140 to a real estate broker for its 60% share of the lease commission due as part of the lease transaction. This amount was capitalized and will be amortized over the term of the lease. In February 2018, the Company 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 $51,630 to $44,079 effective January 1, 2018. In addition, beginning on March 1, 2018, the tenant received free rent for four months that equaled $14,693. In September 2018, the Company entered into an agreement with the tenant of the Tractor Supply Company store in Yankton, South Dakota to extend the lease term five years to end on December 31, 2023. As part of the agreement, the annual rent decreased from $185,820 to $105,000 effective January 1, 2019. The annual rent will increase to $115,500 effective January 1, 2021 and will increase to $185,820 effective October 1, 2023. In January 2019, the Company decided to sell the Tractor Supply Company store in Yankton, South Dakota. In March 2019, the Company entered into an agreement to sell the property to an unrelated third party. On May 22, 2019, the sale closed with the Company receiving net proceeds of $1,586,787, which resulted in a net gain of $338,843. At the time of sale, the cost and related accumulated depreciation was $2,265,936 and $1,017,992, respectively. The Company owned a 27% interest in a Dick’s Sporting Goods store in Fredericksburg, Virginia. The remaining interests in the property were owned by three affiliates of the Company. On January 31, 2019, the lease term ended, and the tenant returned possession of the property to the owners. While the property was vacant, the Company was responsible for its 27% share of real estate taxes and other costs associated with maintaining the property. The owners listed the property for lease with a real estate broker in the Fredericksburg area. The annual rent from this property represented approximately 10% of the total annual rent of the Company’s property portfolio. The loss of rent and increased expenses related to this property decreased the Company’s cash flow. However, at this time, the Company does not anticipate the need to reduce its regular quarterly cash distribution. Based on its long-lived asset valuation analysis, the Company determined the former Dick’s Sporting Goods store was impaired. As a result, in the fourth quarter of 2018, a charge to operations for real estate impairment of $830,971 was recognized, which was the difference between the carrying value at December 31, 2018 of $2,423,971 and the estimated fair value of $1,593,000. Based on its long-lived asset valuation analysis, in the first quarter of 2019, the Company recognized an additional real estate impairment of $611,623 to decrease the carrying value to the estimated fair value of $972,000. The charges were recorded against the cost of the land and building. In October 2019, after marketing the property for lease for many months, the Company decided to sell its 27% interest in the former Dick’s Sporting Goods store. In the third quarter of 2019, as a result of deciding to sell the property, the Company recognized an additional real estate impairment of $298,990 to decrease the carrying value to the estimated fair value of $661,500. The charges were recorded against the cost of the land and building. In November 2019, the Company entered into an agreement to sell the property to an unrelated third party. On December 27, 2019, the sale closed with the Company receiving net proceeds of $663,277, which resulted in a net gain of $1,777. At the time of sale, the cost and related accumulated depreciation was $1,385,017 and $723,517, respectively. In March 2019, the Company entered into an agreement with the tenant of the Jared Jewelry store in Auburn Hills, Michigan to extend the lease term five years to end on December 31, 2024. As part of the agreement, the annual rent will decrease from $186,074 to $158,340 effective January 1, 2020. In January 2020, the Company entered into an agreement to sell its 21% interest in the Jared Jewelry store in Madison Heights, Michigan to an unrelated third party. On March 4, 2020, the sale closed with the Company receiving net proceeds of approximately $682,000, which resulted in a net gain of approximately $165,500. At the time of sale, the cost and related accumulated depreciation was $852,592 and $336,118, respectively. At December 31, 2019, the property was classified as Real Estate Held for Sale with a carrying value of $516,474. For properties owned as of December 31, 2019, the minimum future rent payments required by the leases are as follows: 2020 $ 1,649,484 2021 1,528,734 2022 1,412,614 2023 1,176,670 2024 1,027,467 Thereafter 2,118,098 $ 8,913,067 There were no contingent rents recognized in 2019 and 2018.

Major Tenants

Major Tenants	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Major Customers, Policy [Policy Text Block]	(5) Major Tenants – The following schedule presents rental income from individual tenants, or affiliated groups of tenants, who each contributed more than ten percent of the Company's total rental income for the years ended December 31: Tenants 2019 2018 Sterling Jewelers Group $ 990,655 $ 983,451 Tractor Supply Company 219,495 0 Terre Haute Regional Hospital L.P. 209,039 0 Dick’s Sporting Goods, Inc. 0 232,950 Aggregate rental income of major tenants $ 1,419,189 $ 1,216,401 Aggregate rental income of major tenants as a percentage of total rental income 72% 58%

Members' Equity

Members' Equity	12 Months Ended
	Dec. 31, 2019
Partners' Capital Notes [Abstract]
Partners' Capital Notes Disclosure [Text Block]	(6) Members’ Equity – For the years ended December 31, 2019 and 2018, the Company declared distributions of $1,667,744 and $1,693,575, respectively. The Limited Members received distributions of $1,629,691 and $1,646,404 and the Managing Members received distributions of $38,053 and $47,171 for the years, respectively. The Limited Members' distributions represented $41.44 and $41.25 per LLC Unit outstanding using 39,322 and 39,915 weighted average Units in 2019 and 2018, respectively. The distributions represented $0.00 and $0.00 per Unit of Net Income and $41.44 and $41.25 per Unit of return of contributed capital in 2019 and 2018, respectively. As part of the distributions discussed above, the Company distributed net sale proceeds of $598,990 and $181,818 in 2019 and 2018, respectively. The Limited Members received distributions of $593,000 and $180,000 and the Managing Members received distributions of $5,990 and $1,818 for the years, respectively. The Limited Members’ distributions represented $15.14 and $4.52 per Unit for the years, respectively. The Company may repurchase Units from Limited Members who have tendered their Units to the Company. Such Units may be acquired at a discount. The Company will not be obligated to purchase in any year more than 2% of the total number of Units outstanding on January 1 of such year. In no event shall the Company be obligated to purchase Units if, in the sole discretion of the Managing Member, such purchase would impair the capital or operation of the Company. During 2019, the Company repurchased a total of 858.64 Units for $502,481 from 20 Limited Members in accordance with the Operating Agreement. During 2018, the Company repurchased a total of 222.04 Units for $142,478 from 11 Limited Members. The Company acquired these Units using Net Cash Flow from operations. The repurchases increase the remaining Limited Members’ ownership interest in the Company. As a result of these repurchases and pursuant to the Operating Agreement, the Managing Members received distributions of $15,541 and $4,406 in 2019 and 2018, respectively.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	(7) Income Taxes – The following is a reconciliation of net income for financial reporting purposes to income reported for federal income tax purposes for the years ended December 31: 2019 2018 Net Income (Loss) for Financial Reporting Purposes $ 132,780 $ (85,662) Depreciation for Tax Purposes Under Depreciation and Amortization for Financial Reporting Purposes 320,136 332,742 Income Accrued for Tax Purposes Over (Under) Income for Financial Reporting Purposes (8,750) 11,598 Real Estate Impairment Loss Not Recognized for Tax Purposes 910,613 830,971 Loss on Sale of Real Estate for Tax Purposes Compared to Gain for Financial Reporting Purposes (2,268,093) 0 Taxable Income (Loss) to Members $ (913,314) $ 1,089,649 The following is a reconciliation of Members’ Equity for financial reporting purposes to Members’ Equity reported for federal income tax purposes for the years ended December 31: 2019 2018 Members’ Equity for Financial Reporting Purposes $ 20,853,949 $ 22,906,935 Adjusted Tax Basis of Investments in Real Estate Over Net Investments in Real Estate for Financial Reporting Purposes 3,926,707 4,964,051 Income Accrued for Tax Purposes Over Income for Financial Reporting Purposes 47,382 56,132 Syndication Costs Treated as Reduction of Capital For Financial Reporting Purposes 6,015,670 6,015,670 Members’ Equity for Tax Reporting Purposes $ 30,843,708 $ 33,942,788

Coronavirus Outbreak

Coronavirus Outbreak	12 Months Ended
	Dec. 31, 2019
Coronavirus Outbreak [Abstract]
Coronavirus Outbreak [Text Block]	(8) Coronavirus Outbreak – Subsequent to December 31, 2019, there was a global outbreak of a new strain of coronavirus, COVID-19 which continues to adversely impact global commercial activity and has contributed to significant volatility in financial markets. The global impact of the outbreak has been rapidly evolving, and as cases of the virus have continued to be identified in additional countries, many countries have reacted by instituting quarantines, placing restrictions on travel, and limiting hours of operations of non-essential offices and retail centers. Such actions are creating disruption in global supply chains, and adversely impacting a number of industries, such as retail, restaurants and transportation. The outbreak could have a continued adverse impact on economic and market conditions and trigger a period of global economic slowdown. The rapid development and fluidity of this situation precludes any prediction as to the ultimate adverse impact of the coronavirus. Nevertheless, the coronavirus presents material uncertainty and risk with respect to the Company’s performance and financial results, such as the potential negative impact to the tenants of its properties, the potential closure of certain of its properties, increased costs of operations, decrease in values of its properties, changes in law and/or regulation, and uncertainty regarding government and regulatory policy. The Company is unable to estimate the impact the coronavirus will have on its financial results at this time.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Distribution Policy, Members or Limited Partners, Description	During operations, any Net Cash Flow, as defined, which the Managing Members determine to distribute will be distributed 97% to the Limited Members and 3% to the Managing Members. Distributions to Limited Members will be made pro rata by Units. Any Net Proceeds of Sale, as defined, from the sale or financing of properties which the Managing Members determine to distribute will, after provisions for debts and reserves, be paid in the following manner: (i) first, 99% to the Limited Members and 1% to the Managing Members until the Limited Members receive an amount equal to: (a) their Adjusted Capital Contribution plus (b) an amount equal to 7% 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 Members and 10% to the Managing Members. Distributions to the Limited Members 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 97% to the Limited Members and 3% to the Managing Members. Net losses from operations will be allocated 99% to the Limited Members and 1% to the Managing Members. For tax purposes, profits arising from the sale, financing, or other disposition of property will be allocated in accordance with the Operating Agreement as follows: (i) first, to those Members with deficit balances in their capital accounts in an amount equal to the sum of such deficit balances; (ii) second, 99% to the Limited Members and 1% to the Managing Members until the aggregate balance in the Limited Members' capital accounts equals the sum of the Limited Members' Adjusted Capital Contributions plus an amount equal to 7% 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 Members and 10% to the Managing Members. Losses will be allocated 99% to the Limited Members and 1% to the Managing Members. The Managing Members are not required to currently fund a deficit capital balance. Upon liquidation of the Company or withdrawal by a Managing Member, the Managing Members will contribute to the Company an amount equal to the lesser of the deficit balances in their capital accounts or 1.01% of the total capital contributions of the Limited Members over the amount previously contributed by the Managing Members.
Basis of Accounting, Policy [Policy Text Block]	The accounts of the Company are maintained on the accrual basis of accounting for both federal income tax purposes and financial reporting purposes.
Use of Estimates, Policy [Policy Text Block]	Management uses estimates and assumptions in preparing these financial statements in accordance with United States Generally Accepted Accounting Principles (US GAAP). Those estimates and assumptions may affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could differ from those estimates, and the difference could be material. Significant items, subject to such estimates and assumptions, include the carrying value of real estate held for investment, real estate held for sale and related intangible assets. The Company regularly assesses whether market events and conditions indicate that it is reasonably possible to recover the carrying amounts of its investments in real estate from future operations and sales. A change in those market events and conditions could have a material effect on the carrying amount of its real estate.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	The Company's cash is deposited in one financial institution and at times during the year it may exceed FDIC insurance limits.
Receivable [Policy Text Block]	Credit terms are extended to tenants in the normal course of business. The Company performs ongoing credit evaluations of its customers’ financial condition and, generally, requires no collateral. Receivables are recorded at their estimated net realizable value. The Company follows a policy of providing an allowance for doubtful accounts; however, based on historical experience, and its evaluation of the current status of receivables, the Company is of the belief that such accounts, if any, will be collectible in all material respects and thus an allowance is not necessary. Accounts are considered past due if payment is not made on a timely basis in accordance with the Company’s credit terms. Receivables considered uncollectible are written off
Income Tax, Policy [Policy Text Block]	The income or loss of the Company for federal income tax reporting purposes is includable in the income tax returns of the Members. In general, no recognition has been given to income taxes in the accompanying financial statements. The tax return and the amount of distributable Company income or loss are subject to examination by federal and state taxing authorities. If such an examination results in changes to distributable Company income or loss, the taxable income of the members would be adjusted accordingly. Primarily due to its tax status as a partnership, the Company has no significant tax uncertainties that require recognition or disclosure. The Company is no longer subject to U.S. federal income tax examinations for tax years before 2016, and with few exceptions, is no longer subject to state tax examinations for tax years before 2016.
Revenue Recognition, Leases [Policy Text Block]	The Company's real estate is leased under net leases, classified as operating leases. The leases provide for base annual rental payments payable in monthly installments. The Company recognizes rental income according to the terms of the individual leases. For leases that contain stated rental increases, the increases are recognized in the year in which they are effective. Contingent rental payments are recognized when the contingencies on which the payments are based are satisfied and the rental payments become due under the terms of the leases.
Property, Plant and Equipment, Policy [Policy Text Block]	Upon acquisition of real properties, the Company records them in the financial statements at cost. The purchase price is allocated to tangible assets, consisting of land and building, and to identified intangible assets and liabilities, which may include the value of above market and below market leases and the value of in-place leases. The allocation of the purchase price is based upon the fair value of each component of the property. Although independent appraisals may be used to assist in the determination of fair value, in many cases these values will be based upon management’s assessment of each property, the selling prices of comparable properties and the discounted value of cash flows from the asset. The fair values of above market and below market in-place leases will be recorded based on the present value (using an interest rate which reflects the risks associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to the in-place leases and (ii) an estimate of fair market lease rates for the corresponding in-place leases measured over a period equal to the non-cancelable term of the lease including any bargain renewal periods. The above market and below market lease values will be capitalized as intangible lease assets or liabilities. Above market lease values will be amortized as an adjustment of rental income over the remaining term of the respective leases. Below market lease values will be amortized as an adjustment of rental income over the remaining term of the respective leases, including any bargain renewal periods. If a lease were to be terminated prior to its stated expiration, all unamortized amounts of above market and below market in-place lease values relating to that lease would be recorded as an adjustment to rental income. The fair values of in-place leases will include estimated direct costs associated with obtaining a new tenant, and opportunity costs associated with lost rentals which are avoided by acquiring an in-place lease. Direct costs associated with obtaining a new tenant may include commissions, tenant improvements, and other direct costs and are estimated, in part, by management’s consideration of current market costs to execute a similar lease. These direct costs will be included in intangible lease assets on the balance sheet and will be amortized to expense over the remaining term of the respective leases. The value of opportunity costs will be calculated using the contractual amounts to be paid pursuant to the in-place leases over a market absorption period for a similar lease. These intangibles will be included in intangible lease assets on the balance sheet and will be amortized to expense over the remaining term of the respective leases. If a lease were to be terminated prior to its stated expiration, all unamortized amounts of in-place lease assets relating to that lease would be expensed. The Company tests real estate for recoverability when events or changes in circumstances indicate that the carrying value may not be recoverable. For properties the Company will hold and operate, it compares the carrying amount of the property to the estimated probability-weighted future undiscounted cash flows expected to result from the property and its eventual disposition. If the sum of the expected future cash flows is less than the carrying amount of the property, the Company recognizes an impairment loss by the amount by which the carrying amount of the property exceeds the fair value of the property. For properties held for sale, the Company determines whether impairment has occurred by comparing the property’s estimated fair value less cost to sell to its current carrying value. If the carrying value is greater than the net realizable value, an impairment loss is recorded to reduce the carrying value of the property to its net realizable value. For financial reporting purposes, the buildings owned by the Company are depreciated using the straight-line method over an estimated useful life of 25 years. Intangible lease assets are amortized using the straight-line method for financial reporting purposes based on the remaining life of the lease. The disposition of a property or classification of a property as Real Estate Held for Sale by the Company does not represent a strategic shift that will have a major effect on the Company’s operations and financial results. Therefore, the results from operating and selling the property are included in continuing operations. The Company accounts for properties owned as tenants-in-common with affiliated entities and/or unrelated third parties using the proportionate consolidation method. Each tenant-in-common owns a separate, undivided interest in the properties. Any tenant-in-common that holds more than a 50% interest does not control decisions over the other tenant-in-common interests. The financial statements reflect only this Company's percentage share of the properties' land, building, liabilities, revenues and expenses. The Company’s properties are subject to environmental laws and regulations adopted by various governmental entities in the jurisdiction in which the properties are located. These laws could require the Company to investigate and remediate the effects of the release or disposal of hazardous materials at these locations if found. For each property, an environmental assessment is completed prior to acquisition. In addition, the lease agreements typically strictly prohibit the production, handling, or storage of hazardous materials (except where incidental to the tenant’s business such as use of cleaning supplies) in violation of applicable law to restrict environmental and other damage. Environmental liabilities are recorded when it is determined the liability is probable and the costs can reasonably be estimated. There were no environmental issues noted or liabilities recorded at December 31, 2019 and 2018.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair value, as defined by US GAAP, is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date in the principal or most advantageous market. US GAAP establishes a hierarchy in determining the fair value of an asset or liability. The fair value hierarchy has three levels of inputs, both observable and unobservable. US GAAP requires the utilization of the lowest possible level of input to determine fair value. Level 1 inputs include quoted market prices in an active market for identical assets or liabilities. Level 2 inputs are market data, other than Level 1 inputs, that are observable either directly or indirectly. Level 2 inputs include quoted market prices for similar assets or liabilities, quoted market prices in an inactive market, and other observable information that can be corroborated by market data. Level 3 inputs are unobservable and corroborated by little or no market data. At December 31, 2019 and 2018, the Company had no financial assets or liabilities measured at fair value on a recurring basis or nonrecurring basis that would require disclosure. The Company had the following nonfinancial assets measured on a nonrecurring basis that were recorded at fair value during 2019 and 2018. The Dick’s Sporting Goods store in Fredericksburg, Virginia with a carrying amount of $2,423,971 at December 31, 2018, was written down to its estimated fair value of $1,593,000 after completing our long-lived asset valuation analysis. The resulting impairment charge of $830,971 was included in earnings for the fourth quarter of 2018. The fair value of the property was based upon estimated probability-weighted future undiscounted cash flows expected to result from the property and its eventual disposition. These estimates are considered Level 3 inputs in the valuation hierarchy. At March 31, 2019, the property was written down to its estimated fair value of $972,000 after completing our long-lived asset valuation analysis. The resulting impairment charge of $611,623 was included in earnings for the first quarter of 2019. The fair value of the property was based upon an appraisal prepared by an independent commercial property appraiser. The appraisal is considered a Level 3 input in the valuation hierarchy. At September 30, 2019, the property was written down to its estimated fair value of $661,500 after completing our long-lived asset valuation analysis. The resulting impairment charge of $298,990 was included in earnings for the third quarter of 2019. The fair value of the property was based upon a signed purchase agreement, which is considered a Level 3 input in the valuation hierarchy.
Earnings Per Share, Policy [Policy Text Block]	Income per LLC Unit is calculated based on the weighted average number of LLC Units outstanding during each period presented. Diluted income per LLC Unit considers the effect of any potentially dilutive Unit equivalents, of which the Company had none for each of the years ended December 31, 2019 and 2018
Segment Reporting, Policy [Policy Text Block]	The Company invests in single tenant commercial properties throughout the United States that are net leased to tenants in various industries. Because these net leased properties have similar economic characteristics, the Company evaluates operating performance on an overall portfolio basis. Therefore, the Company’s properties are classified as one reportable segment
New Accounting Pronouncements, Policy [Policy Text Block]	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 members' equity for interim financial statements. Under the amendments, an analysis of changes in each caption of members' equity 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 Company’s first presentation of year-to-date quarterly changes in members' equity 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 Company has adopted the accounting pronouncement effective January 1, 2019 and the adoption of the standard did not have a material impact on the Company’s financial statements.
Coronavirus Outbreak [Policy Text Block]	Subsequent to December 31, 2019, there was a global outbreak of a new strain of coronavirus, COVID-19 which continues to adversely impact global commercial activity and has contributed to significant volatility in financial markets. The global impact of the outbreak has been rapidly evolving, and as cases of the virus have continued to be identified in additional countries, many countries have reacted by instituting quarantines, placing restrictions on travel, and limiting hours of operations of non-essential offices and retail centers. Such actions are creating disruption in global supply chains, and adversely impacting a number of industries, such as retail, restaurants and transportation. The outbreak could have a continued adverse impact on economic and market conditions and trigger a period of global economic slowdown. The rapid development and fluidity of this situation precludes any prediction as to the ultimate adverse impact of the coronavirus. Nevertheless, the coronavirus presents material uncertainty and risk with respect to the Company’s performance and financial results, such as the potential negative impact to the tenants of its properties, the potential closure of certain of its properties, increased costs of operations, decrease in values of its properties, changes in law and/or regulation, and uncertainty regarding government and regulatory policy. The Company is unable to estimate the impact the coronavirus will have on its financial results at this time.

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
Schedule of Related Party Transactions [Table Text Block]	Related Party Transactions 2019 2018 AEI is reimbursed for costs incurred in providing services related to managing the Company’s operations and properties, maintaining the Company’s books, and communicating with the Limited Members. $ 267,923 $ 274,962 AEI is reimbursed for all direct expenses it paid on the Company’s behalf to third parties related to Company administration and property management. These expenses included printing costs, legal and filing fees, direct administrative costs, outside audit costs, taxes, insurance and other property costs. $ 177,439 $ 253,307 AEI is reimbursed for costs incurred in providing services and direct expenses related to the acquisition of property on behalf of the Company. $ 0 $ 99,590 AEI is reimbursed for costs incurred in providing services related to the sale of property on behalf of the Company. $ 10,699 $ 0

Real Estate Investments (Tables

Real Estate Investments (Tables)	12 Months Ended
	Dec. 31, 2019
Real Estate [Abstract]
Property, Plant and Equipment [Table Text Block]	Properties not held for sale Property Land Buildings Total Accumulated Depreciation Jared Jewelry, Auburn Hills, MI $ 421,489 $ 1,777,578 $ 2,199,067 $ 1,063,586 Jared Jewelry, Concord, NH 1,061,663 3,095,971 4,157,634 1,744,070 Jared Jewelry, Aurora, IL 1,790,636 2,027,709 3,818,345 1,138,890 Biomat USA / BigTime Fun, Wichita, KS 771,076 1,937,641 2,708,717 1,194,853 Advance Auto Parts, Indianapolis, IN 289,661 380,315 669,976 198,399 Staples, Clermont, FL 615,600 1,398,709 2,014,309 457,631 Coliseum Health, Macon, GA 200,000 451,517 651,517 134,701 PetSmart, Gonzales, LA 277,400 1,501,964 1,779,364 393,021 Premier Diagnostic Imaging, Terre Haute, IN 300,000 1,848,049 2,148,049 397,339 Tractor Supply, Canton, MS 648,841 2,099,841 2,748,682 90,995 $ 6,376,366 $ 16,519,294 $ 22,895,660 $ 6,813,485
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]	Acquired lease intangibles not held for sale 2019 2018 Cost Accumulated Amortization Cost Accumulated Amortization In-Place Lease Intangibles (weighted average life of 49 and 58 months, respectively) $ 1,445,379 $ 827,615 $ 1,396,239 $ 672,815 Above-Market Lease Intangibles (weighted average life of 73 and 85 months, respectively) 771,761 293,256 771,761 215,920 Acquired Intangible Lease Assets $ 2,217,140 $ 1,120,871 $ 2,168,000 $ 888,735 Acquired Below-Market Lease Intangibles (weighted average life of 29 and 41 months, respectively) $ 104,746 $ 72,085 $ 104,746 $ 58,569
Finite-lived Intangible Assets Amortization Expense [Table Text Block]	Estimated amortization Amortization Expense for In-Place Lease Intangibles Decrease to Rental Income for Above-Market Leases Increase to Rental Income for Below-Market Leases 2020 $ 127,997 $ 77,336 $ 13,516 2021 119,068 77,336 13,516 2022 97,197 77,336 5,629 2023 51,801 59,420 0 2024 41,080 45,514 0 $ 437,143 $ 336,942 $ 32,661
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Minimum future rent payments 2020 $ 1,649,484 2021 1,528,734 2022 1,412,614 2023 1,176,670 2024 1,027,467 Thereafter 2,118,098 $ 8,913,067

Major Tenants (Tables)

Major Tenants (Tables)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]	Major Tenants Tenants 2019 2018 Sterling Jewelers Group $ 990,655 $ 983,451 Tractor Supply Company 219,495 0 Terre Haute Regional Hospital L.P. 209,039 0 Dick’s Sporting Goods, Inc. 0 232,950 Aggregate rental income of major tenants $ 1,419,189 $ 1,216,401 Aggregate rental income of major tenants as a percentage of total rental income 72% 58%

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Schedule Of GAAP To Federal Taxable Income	Reconciliation of net income for financial reporting 2019 2018 Net Income (Loss) for Financial Reporting Purposes $ 132,780 $ (85,662) Depreciation for Tax Purposes Under Depreciation and Amortization for Financial Reporting Purposes 320,136 332,742 Income Accrued for Tax Purposes Over (Under) Income for Financial Reporting Purposes (8,750) 11,598 Real Estate Impairment Loss Not Recognized for Tax Purposes 910,613 830,971 Loss on Sale of Real Estate for Tax Purposes Compared to Gain for Financial Reporting Purposes (2,268,093) 0 Taxable Income (Loss) to Members $ (913,314) $ 1,089,649
Schedule Of GAAP To Federal Tax Basis	Reconciliation of Members’ Equity for financial reporting 2019 2018 Members’ Equity for Financial Reporting Purposes $ 20,853,949 $ 22,906,935 Adjusted Tax Basis of Investments in Real Estate Over Net Investments in Real Estate for Financial Reporting Purposes 3,926,707 4,964,051 Income Accrued for Tax Purposes Over Income for Financial Reporting Purposes 47,382 56,132 Syndication Costs Treated as Reduction of Capital For Financial Reporting Purposes 6,015,670 6,015,670 Members’ Equity for Tax Reporting Purposes $ 30,843,708 $ 33,942,788

Organization (Details)

Organization (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	May 12, 2005	Sep. 11, 2003
Limited Partner [Member]
Organization (Details) [Line Items]
Capital Units, Value					$ 1,000
Limited Partners' Capital Account, Units Outstanding (in Shares)	38,962	39,820	40,042.40	42,434.763	1,500
Limited Partners' Contributed Capital				$ 42,434,763	$ 1,500,000
General Partner [Member]
Organization (Details) [Line Items]
General Partners' Contributed Capital				$ 1,000

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Details) - Dicks Sporting Goods Fredericksburg VA - USD ($)	3 Months Ended			4 Months Ended
	Sep. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2019
Summary of Significant Accounting Policies (Details) [Line Items]
Property, Plant and Equipment, Gross			$ 2,423,971
Property, Plant, and Equipment, Fair Value Disclosure	$ 661,500	$ 972,000	1,593,000	$ 661,500
Impairment of Real Estate	$ 298,990	$ 611,623	$ 830,971	$ 298,990

Related Party Transactions (Det

Related Party Transactions (Details) - Related Party Transactions - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Related Party Transactions [Abstract]
AEI is reimbursed for costs incurred in providing services related to managing the Company’s operations and properties, maintaining the Company’s books, and communicating with the Limited Members.	$ 267,923	$ 274,962
AEI is reimbursed for all direct expenses it paid on the Company’s behalf to third parties related to Company administration and property management. These expenses included printing costs, legal and filing fees, direct administrative costs, outside audit costs, taxes, insurance and other property costs.	177,439	253,307
AEI is reimbursed for costs incurred in providing services and direct expenses related to the acquisition of property on behalf of the Company.	0	99,590
AEI is reimbursed for costs incurred in providing services related to the sale of property on behalf of the Company.	$ 10,699	$ 0

Real Estate Investments (Detail

Real Estate Investments (Details) - USD ($)

Mar. 04, 2020

Jan. 17, 2020

Dec. 27, 2019

Sep. 01, 2019

May 22, 2019

Nov. 30, 2018

Dec. 31, 2017

Dec. 31, 2023

Sep. 30, 2019

Mar. 31, 2019

Dec. 31, 2018

Jun. 30, 2018

Sep. 30, 2019

Dec. 31, 2021

Feb. 22, 2021

Jan. 16, 2021

Dec. 31, 2020

Aug. 26, 2020

Feb. 29, 2020

Dec. 31, 2019

Nov. 29, 2019

Aug. 31, 2019

Jun. 17, 2019

Jan. 31, 2019

Dec. 31, 2018

Sep. 20, 2018

Dec. 31, 2017

Mar. 01, 2018

Real Estate Investments (Details) [Line Items]

Depreciation, Nonproduction

$ 699,497

$ 740,647

Payments to Acquire Real Estate

49,140

3,429,590

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

6,813,485

Impairment of Real Estate

910,613

830,971

Tractor Supply Yankton SD

Real Estate Investments (Details) [Line Items]

Proceeds from Sale of Real Estate

$ 1,586,787

Gain (Loss) on Disposition of Assets

338,843

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

2,265,936

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

$ 1,017,992

Disposal Date

May 22, 2019

Dicks Sporting Goods Fredericksburg VA

Real Estate Investments (Details) [Line Items]

Proceeds from Sale of Real Estate

$ 663,277

Gain (Loss) on Disposition of Assets

1,777

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

1,385,017

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

$ 723,517

Disposal Date

Dec. 27, 2019

Jared Jewelry Madison Heights MI

Real Estate Investments (Details) [Line Items]

Revenue from Contract with Customer, Excluding Assessed Tax

$ 336,118

Proceeds from Sale of Real Estate

682,000

Gain (Loss) on Disposition of Assets

165,500

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

$ 852,592

Property, Plant and Equipment, Gross

516,474

Disposal Date

Mar. 4, 2020

Advance Auto Parts Indianapolis IN

Real Estate Investments (Details) [Line Items]

Average Lease Term

In February 2018, the Company 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

44,079

$ 51,630

Financing Receivable, Allowance for Credit Loss, Current

$ 14,693

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

198,399

Tractor Supply Yankton SD

Real Estate Investments (Details) [Line Items]

Average Lease Term

In September 2018, the Company entered into an agreement with the tenant of the Tractor Supply Company store in Yankton, South Dakota to extend the lease term five years to end on December 31, 2023.

Revenue from Contract with Customer, Excluding Assessed Tax

$ 185,820

$ 115,500

105,000

185,820

Dicks Sporting Goods Fredericksburg VA

Real Estate Investments (Details) [Line Items]

Impairment of Real Estate

$ 298,990

$ 611,623

$ 830,971

$ 298,990

Property, Plant and Equipment, Gross

2,423,971

2,423,971

Property, Plant, and Equipment, Fair Value Disclosure

$ 661,500

$ 972,000

1,593,000

$ 661,500

1,593,000

Jared Jewelry Auburn Hills MI

Real Estate Investments (Details) [Line Items]

Average Lease Term

In March 2019, the Company entered into an agreement with the tenant of the Jared Jewelry store in Auburn Hills, Michigan to extend the lease term five years to end on December 31, 2024.

Revenue from Contract with Customer, Excluding Assessed Tax

$ 158,340

186,074

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

1,063,586

Leases, Acquired-in-Place [Member]

Real Estate Investments (Details) [Line Items]

Finite-Lived Intangible Asset, Acquired-in-Place Leases

1,396,239

1,445,379

1,396,239

Amortization of Intangible Assets

154,800

123,343

Above Market Leases [Member]

Real Estate Investments (Details) [Line Items]

Finite-Lived Intangible Asset, Off-market Lease, Favorable, Gross

$ 771,761

771,761

771,761

Amortization of above and below Market Leases

77,336

39,357

Off Market Unfavorable Lease

Real Estate Investments (Details) [Line Items]

Amortization of Below Market Lease

$ 13,516

$ 13,516

Tractor Supply Canton MS

Real Estate Investments (Details) [Line Items]

Business Acquisition, Effective Date of Acquisition

Nov. 30, 2018

Payments to Acquire Real Estate

$ 3,429,590

Finite-lived Intangible Assets Acquired

680,908

Average Lease Term

The property is leased to Tractor Supply Company under a lease agreement with a remaining primary term of 9.5 years

Revenue from Contract with Customer, Excluding Assessed Tax

$ 220,000

Tractor Supply Canton MS | Leases, Acquired-in-Place [Member]

Real Estate Investments (Details) [Line Items]

Finite-Lived Intangible Asset, Acquired-in-Place Leases

287,300

Tractor Supply Canton MS | Above Market Leases [Member]

Real Estate Investments (Details) [Line Items]

Finite-Lived Intangible Asset, Off-market Lease, Favorable, Gross

$ 393,608

PetSmart Gonzales LA

Real Estate Investments (Details) [Line Items]

Business Acquisition, Effective Date of Acquisition

Jan. 17, 2020

Payments to Acquire Real Estate

$ 830,250

Revenue from Contract with Customer, Excluding Assessed Tax

$ 66,468

Biomat Wichita KS

Real Estate Investments (Details) [Line Items]

Average Lease Term

On September 21, 2017, the Company entered into a lease agreement with a primary term of 10 years with Biomat USA, Inc. (“Biomat”) as a replacement tenant for 28% of the square footage of the property.

Revenue from Contract with Customer, Excluding Assessed Tax

$ 55,607

Cost of Property Repairs and Maintenance

$ 81,329

Payments for Lease Commissions

$ 81,440

BigTime Fun Wichita KS

Real Estate Investments (Details) [Line Items]

Average Lease Term

On August 27, 2019, the Company entered into a lease agreement with a primary term of 10 years with BigTime Fun Center, LLC as a replacement tenant for 57% of the square footage of the property.

Revenue from Contract with Customer, Excluding Assessed Tax

$ 117,000

Payments for Lease Commissions

$ 49,140

Payments for Tenant Improvements

$ 96,000

Real Estate Investments (Deta_2

Real Estate Investments (Details) - Real Estate Held for Investment	Dec. 31, 2019USD ($)
Property, Plant and Equipment [Line Items]
Land	$ 6,376,366
Buildings	16,519,294
Total	22,895,660
Accumulated Depreciation	6,813,485
Jared Jewelry Auburn Hills MI
Property, Plant and Equipment [Line Items]
Land	421,489
Buildings	1,777,578
Total	2,199,067
Accumulated Depreciation	1,063,586
Jared Jewelry Concord NH
Property, Plant and Equipment [Line Items]
Land	1,061,663
Buildings	3,095,971
Total	4,157,634
Accumulated Depreciation	1,744,070
Jared Jewelry Aurora IL
Property, Plant and Equipment [Line Items]
Land	1,790,636
Buildings	2,027,709
Total	3,818,345
Accumulated Depreciation	1,138,890
Biomat / BigTime Fun Wichita KS
Property, Plant and Equipment [Line Items]
Land	771,076
Buildings	1,937,641
Total	2,708,717
Accumulated Depreciation	1,194,853
Advance Auto Parts Indianapolis IN
Property, Plant and Equipment [Line Items]
Land	289,661
Buildings	380,315
Total	669,976
Accumulated Depreciation	198,399
Staples Clermont FL
Property, Plant and Equipment [Line Items]
Land	615,600
Buildings	1,398,709
Total	2,014,309
Accumulated Depreciation	457,631
Coliseum Health Macon GA
Property, Plant and Equipment [Line Items]
Land	200,000
Buildings	451,517
Total	651,517
Accumulated Depreciation	134,701
PetSmart Gonzales LA
Property, Plant and Equipment [Line Items]
Land	277,400
Buildings	1,501,964
Total	1,779,364
Accumulated Depreciation	393,021
Premier Diagnostic Imaging Terre Haute IN
Property, Plant and Equipment [Line Items]
Land	300,000
Buildings	1,848,049
Total	2,148,049
Accumulated Depreciation	397,339
Tractor Supply Canton MS
Property, Plant and Equipment [Line Items]
Land	648,841
Buildings	2,099,841
Total	2,748,682
Accumulated Depreciation	$ 90,995

Real Estate Investments (Deta_3

Real Estate Investments (Details) - Acquired Lease Intangibles - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Leases, Acquired-in-Place [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Cost	$ 1,445,379	$ 1,396,239
Accumulated Amortization	827,615	672,815
Above Market Leases [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Cost	771,761	771,761
Accumulated Amortization	293,256	215,920
Cost	2,217,140	2,168,000
Accumulated Amortization	1,120,871	888,735
Off Market Unfavorable Lease
Acquired Finite-Lived Intangible Assets [Line Items]
Cost	104,746	104,746
Accumulated Amortization	$ 72,085	$ 58,569

Real Estate Investments (Deta_4

Real Estate Investments (Details) - Acquired Lease Intangibles (Parentheticals)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Leases, Acquired-in-Place [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted average life	49 months	58 months
Above Market Leases [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted average life	73 months	85 months
Off Market Unfavorable Lease
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted average life	29 months	41 months

Real Estate Investments (Deta_5

Real Estate Investments (Details) - Estimated Amortization of Lease Intangibles - USD ($)	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Leases, Acquired-in-Place [Member]
Real Estate Investments (Details) - Estimated Amortization of Lease Intangibles [Line Items]
Amortization Expense for In-Place Lease Intangibles					$ 127,997
Amortization Expense for In-Place Lease Intangibles				$ 119,068
Amortization Expense for In-Place Lease Intangibles			$ 97,197
Amortization Expense for In-Place Lease Intangibles		$ 51,801
Amortization Expense for In-Place Lease Intangibles	$ 41,080
Amortization Expense for In-Place Lease Intangibles	437,143
Above Market Leases [Member]
Real Estate Investments (Details) - Estimated Amortization of Lease Intangibles [Line Items]
Decrease to Rental Income for Above-Market Leases					77,336
Decrease to Rental Income for Above-Market Leases				77,336
Decrease to Rental Income for Above-Market Leases			77,336
Decrease to Rental Income for Above-Market Leases		59,420
Decrease to Rental Income for Above-Market Leases	45,514
Decrease to Rental Income for Above-Market Leases	336,942
Off Market Unfavorable Lease
Real Estate Investments (Details) - Estimated Amortization of Lease Intangibles [Line Items]
Increase to Rental Income for Below-Market Leases					$ 13,516
Increase to Rental Income for Below-Market Leases				$ 13,516
Increase to Rental Income for Below-Market Leases			$ 5,629
Increase to Rental Income for Below-Market Leases		$ 0
Increase to Rental Income for Below-Market Leases	0
Increase to Rental Income for Below-Market Leases	$ 32,661

Real Estate Investments (Deta_6

Real Estate Investments (Details) - Future Minimum Payments - USD ($)	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Future Minimum Payments [Abstract]
2020					$ 1,649,484
2021				$ 1,528,734
2022			$ 1,412,614
2023		$ 1,176,670
2024	$ 1,027,467
Thereafter	2,118,098
	$ 8,913,067

Major Tenants (Details) - Major

Major Tenants (Details) - Major Tenants - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Revenue, Major Customer [Line Items]
Major Tenants	$ 1,419,189	$ 1,216,401
Aggregate rental income of major tenants as a percentage of total rental income	72.00%	58.00%
Sterling Jewelers Group
Revenue, Major Customer [Line Items]
Major Tenants	$ 990,655	$ 983,451
Tractor Supply Company
Revenue, Major Customer [Line Items]
Major Tenants	219,495	0
Terre Haute Regional Hospital LP
Revenue, Major Customer [Line Items]
Major Tenants	209,039	0
Dick's Sporting Goods Inc
Revenue, Major Customer [Line Items]
Major Tenants	$ 0	$ 232,950

Members' Equity (Details)

Members' Equity (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Members' Equity (Details) [Line Items]
Distribution Made to Limited Partner, Cash Distributions Declared	$ 1,667,744	$ 1,693,575
Sale Proceeds Distribution Made To Member Or Limited Partner	598,990	181,818
Partners' Capital Account, Redemptions	518,022	146,884
Limited Partner [Member]
Members' Equity (Details) [Line Items]
Distribution Made to Limited Partner, Cash Distributions Declared	$ 1,629,691	$ 1,646,404
Distribution Made to Limited Partner, Distributions Declared, Per Unit (in Dollars per share)	$ 41.44	$ 41.25
Weighted Average Limited Partnership Units Outstanding, Basic (in Shares)	39,322	39,915
DistributionsPerUnitOfNetIncome (in Dollars per Share)	0	0
DistributionsPerUnitOfReturnOfCapital (in Dollars per Share)	41.44	41.25
Sale Proceeds Distribution Made To Member Or Limited Partner	$ 593,000	$ 180,000
SaleProceedsDistributionMadetoLimitedPartnerPerUnit	$ 15.14	$ 4.52
Partners' Capital Account, Units, Redeemed (in Shares)	858.64	222.04
Partners' Capital Account, Redemptions	$ 502,481	$ 142,478
General Partner [Member]
Members' Equity (Details) [Line Items]
Distribution Made to Limited Partner, Cash Distributions Declared	38,053	47,171
Sale Proceeds Distribution Made To Member Or Limited Partner	5,990	1,818
Partners' Capital Account, Redemptions	$ 15,541	$ 4,406

Income Taxes (Details) - Federa

Income Taxes (Details) - Federal Taxable Income Reconciliation - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Federal Taxable Income Reconciliation [Abstract]
Net Income (Loss) for Financial Reporting Purposes	$ 132,780	$ (85,662)
Depreciation for Tax Purposes Under Depreciation and Amortization for Financial Reporting Purposes	320,136	332,742
Income Accrued for Tax Purposes Over (Under) Income for Financial Reporting Purposes	(8,750)	11,598
Real Estate Impairment Loss Not Recognized for Tax Purposes	910,613	830,971
Loss on Sale of Real Estate for Tax Purposes Compared to Gain for Financial Reporting Purposes	(2,268,093)	0
Taxable Income (Loss) to Members	$ (913,314)	$ 1,089,649

Income Taxes (Details) - Fede_2

Income Taxes (Details) - Federal Tax Members' Equity - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Federal Tax Members' Equity [Abstract]
Members’ Equity for Financial Reporting Purposes	$ 20,853,949	$ 22,906,935
Adjusted Tax Basis of Investments in Real Estate Over Net Investments in Real Estate for Financial Reporting Purposes	3,926,707	4,964,051
Income Accrued for Tax Purposes Over Income for Financial Reporting Purposes	47,382	56,132
Syndication Costs Treated as Reduction of Capital For Financial Reporting Purposes	6,015,670	6,015,670
Members’ Equity for Tax Reporting Purposes	$ 30,843,708	$ 33,942,788