AEI Income & Growth Fund 25 10-Q 12 Aug 16 2016 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information	6 Months Ended
	Jun. 30, 2016USD ($)shares
Document and Entity Information [Abstract]
Entity Registrant Name	AEI Income & Growth Fund 25 LLC
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding | shares	40,570
Entity Public Float | $	$ 0
Amendment Flag	false
Entity Central Index Key	1,185,198
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2

Balance Sheet

Balance Sheet - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Current Assets:
Cash	$ 1,819,972	$ 1,780,591
Receivables	27,233	0
Total Current Assets	1,847,205	1,780,591
Real Estate Investments:
Land	9,055,563	9,055,563
Buildings	19,863,451	19,863,451
Acquired Intangible Lease Assets	2,327,904	2,327,904
Real Estate Held For Investment, at cost	31,246,918	31,246,918
Accumulated Depreciation and Amortization	6,971,898	6,468,464
Real Estate Held for Investment, Net	24,275,020	24,778,454
Real Estate Held for Sale	650,000	650,000
Total Real Estate Investments	24,925,020	25,428,454
Total Assets	26,772,225	27,209,045
Current Liabilities:
Payable to AEI Fund Management, Inc.	195,571	129,171
Distributions Payable	536,279	536,469
Unearned Rent	59,867	15,485
Total Current Liabilities	791,717	681,125
Long-term Liabilities:
Acquired Below-Market Lease Intangibles, Net	79,967	86,725
Members’ Equity (Deficit):
Managing Members	(11,260)	3,950
Limited Members – 50,000 Units authorized; 40,570 Units issued and outstanding as of 6/30/16 and 12/31/15	25,911,801	26,437,245
Total Members’ Equity	25,900,541	26,441,195
Total Liabilities and Members’ Equity	$ 26,772,225	$ 27,209,045

Balance Sheet (Parentheticals)

Balance Sheet (Parentheticals) - shares	Jun. 30, 2016	Dec. 31, 2015
Limited Partner [Member]
Limited Members, units authorized	50,000	50,000
Limited Members, units issued	40,570	40,570
Limited Members, units outstanding	40,570	40,570

Statement of Income

Statement of Income - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Rental Income	$ 672,807	$ 601,882	$ 1,261,477	$ 1,208,450
Expenses:
LLC Administration – Affiliates	80,635	91,818	158,193	184,276
LLC Administration and Property Management – Unrelated Parties	64,088	34,884	106,378	60,655
Property Acquisition	0	138,824	0	138,824
Depreciation and Amortization	234,075	222,079	468,150	440,567
Total Expenses	378,798	487,605	732,721	824,322
Operating Income	294,009	114,277	528,756	384,128
Other Income:
Gain on Sale of Real Estate	0	424,000	0	424,000
Interest Income	1,182	3,089	2,396	6,006
Total Other Income	1,182	427,089	2,396	430,006
Income from Continuing Operations	295,191	541,366	531,152	814,134
Income (Loss) from Discontinued Operations	(11,838)	(17,869)	1,793	(37,162)
Net Income	283,353	523,497	532,945	776,972
Net Income Allocated:
Managing Members	8,500	15,020	15,988	22,624
Limited Members	$ 274,853	$ 508,477	$ 516,957	$ 754,348
Income (Loss) per LLC Unit:
Continuing Operations (in Dollars per share)	$ 7.06	$ 12.85	$ 12.70	$ 19.27
Discontinued Operations (in Dollars per share)	(0.29)	(0.42)	0.04	(0.88)
Total – Basic and Diluted (in Dollars per share)	$ 6.77	$ 12.43	$ 12.74	$ 18.39
Weighted Average Units Outstanding – Basic and Diluted (in Shares)	40,570	40,922	40,570	41,022

Statement of Cash Flows

Statement of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash Flows from Operating Activities:
Net Income	$ 532,945	$ 776,972
Adjustments to Reconcile Net Income To Net Cash Provided by Operating Activities:
Depreciation and Amortization	496,676	451,761
Gain on Sale of Real Estate	0	424,000
(Increase) Decrease in Receivables	27,233	0
Increase (Decrease) in Payable to AEI Fund Management, Inc.	66,400	87,119
Increase (Decrease) in Unearned Rent	44,382	63,476
Total Adjustments	580,225	178,356
Net Cash Provided By (Used For) Operating Activities	1,113,170	955,328
Cash Flows from Investing Activities:
Investments in Real Estate	0	3,456,892
Proceeds from Sale of Real Estate	0	1,550,343
Net Cash Provided By (Used For) Investing Activities	0	(1,906,549)
Cash Flows from Financing Activities:
Distributions Paid to Members	1,073,789	1,086,353
Repurchase of LLC Units	0	132,451
Net Cash Provided By (Used For) Financing Activities	(1,073,789)	(1,218,804)
Net Increase (Decrease) in Cash	39,381	(2,170,025)
Cash, beginning of period	1,780,591	4,182,911
Cash, end of period	$ 1,819,972	$ 2,012,886

Statement of Changes in Members

Statement of Changes in Members' Equity - USD ($)	Managing Member [Member]	Limited Member [Member]	Total
Balance at Dec. 31, 2014	$ 13,000	$ 28,085,778	$ 28,098,778
Balance (in Shares) at Dec. 31, 2014		41,121.89
Balance at Jun. 30, 2015	4,161	$ 27,654,449	27,658,610
Balance (in Shares) at Jun. 30, 2015		40,922.37
Distributions Declared	27,490	$ 1,057,199	1,084,689
Repurchase of LLC Units	3,973	$ 128,478	132,451
Repurchase of LLC Units (in Shares)		199.52
Net Income	22,624	$ 754,348	776,972
Balance at Dec. 31, 2015	3,950	$ 26,437,245	26,441,195
Balance (in Shares) at Dec. 31, 2015		40,569.95
Balance at Jun. 30, 2016	(11,260)	$ 25,911,801	25,900,541
Balance (in Shares) at Jun. 30, 2016		40,569.95
Distributions Declared	31,198	$ 1,042,401	1,073,599
Net Income	$ 15,988	$ 516,957	$ 532,945

Basis of Accounting

Basis of Accounting	6 Months Ended
	Jun. 30, 2016
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, 2016
Accounting Policies [Abstract]
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	(2) 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 President 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 is the majority shareholder. 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 expired. 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.

Real Estate Investments

Real Estate Investments	6 Months Ended
	Jun. 30, 2016
Real Estate [Abstract]
Real Estate Disclosure [Text Block]	(3) Real Estate Investments – In the fourth quarter of 2014, the Company decided to sell the Advance Auto store in Brownsville, Texas. In February 2015, the Company entered into an agreement to sell the property to an unrelated third party. On April 20, 2015, the sale closed with the Company receiving net proceeds of $1,550,343, which resulted in a net gain of $424,000. At the time of sale, the cost and related accumulated depreciation was $1,585,269 and $458,926, respectively. On June 9, 2015, the Company purchased a Fresenius Medical Center in Gretna, Louisiana for $3,456,892. The Company allocated $922,252 of the purchase price to Acquired Intangible Lease Assets, representing in-place lease intangibles of $405,185 and above-market lease intangibles of $517,067. The Company incurred $105,145 of acquisition expenses related to the purchase that were expensed. The property is leased to Bio-Medical Applications of Louisiana, a subsidiary of Fresenius Medical Care Holdings, Inc., under a Lease Agreement with a remaining primary term of 15.0 years (as of the date of purchase) and annual rent of $224,698. In November 2015, the Company entered into an agreement to sell its 60% interest in the Sports Authority store in Wichita, Kansas to an unrelated third party. In May 2016, the agreement was terminated by the buyer. If the sale was completed, the Company expected to receive net sale proceeds of approximately $1,785,000. The owners have listed the property for lease with a real estate broker in the Wichita area. On March 2, 2016, the tenant of the Sports Authority store, 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 June 30, 2016, the tenant owed $56,282 of past due rent, of which $27,233 was accrued and received in July 2016 and $29,049 was not accrued for financial reporting purposes. While the property is vacant, the Company is responsible for its 60% share of real estate taxes and other costs associated with maintaining the property. The annual rent from this property represents approximately 13% of the total annual rent of the Fund’s property portfolio. The loss of rent and increased expenses related to this property will decrease the Fund’s cash flow. Consequently, beginning with the third quarter of 2016, the Fund will reduce its regular quarterly cash distribution rate from $12.85 per Unit to $10.27 per Unit. Based on its long-lived asset valuation analysis, the Company determined the Sports Authority store was impaired. As a result, in the fourth quarter of 2015, a charge to operations for real estate impairment of $637,438 was recognized, which was the difference between the carrying value at December 31, 2015 of $2,422,438 and the estimated fair value of $1,785,000. The charge was recorded against the cost of the land and building.

Payable to AEI Fund Management,

Payable to AEI Fund Management, Inc.	6 Months Ended
	Jun. 30, 2016
Payables and Accruals [Abstract]
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	(4) Payable to AEI Fund Management, Inc. – AEI Fund Management, Inc. performs the administrative and operating functions for the Company. 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.

Discontinued Operations

Discontinued Operations	6 Months Ended
	Jun. 30, 2016
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	(5) Discontinued Operations – The tenant of the Johnny Carino’s restaurants was experiencing financial difficulties and closed the restaurants in Pueblo, Colorado (October 2013) and Lake Charles, Louisiana (January 2014). On March 27, 2014, the tenant filed for Chapter 11 bankruptcy reorganization. Shortly thereafter, the tenant filed a motion with the bankruptcy court to reject the leases and returned possession of the properties to the Company. As of the date of the bankruptcy filing, the tenant owed $97,680 of past due rent, which was not accrued for financial reporting purposes. While the properties were vacant, the Company was responsible for the real estate taxes and other costs associated with maintaining the properties. The Company submitted a Proof of Claim for damages to the bankruptcy court for each property. The tenant’s reorganization plan was approved by the bankruptcy court effective February 2, 2015. In August 2015, the Company received payments totaling $137,473 on its claims from the plan. In February 2016, the Company received final claim payments totaling $26,843. In September 2013, the Company decided to sell both Johnny Carino’s restaurants and classified them as Real Estate Held for Sale. On August 1, 2014, the Company sold the Lake Charles property to an unrelated third party. In late March 2016, the Company entered into an agreement to sell the Pueblo property to an unrelated third party. On August 4, 2016, the sale closed with the Company receiving net proceeds of approximately $750,000, which resulted in a net gain of approximately $100,000. At the time of sale, the carrying value of the property was $650,000. The financial results for these properties are reflected as Discontinued Operations in the accompanying financial statements. The following are the results of discontinued operations: Three Months Ended June 30 Six Months Ended June 30 2016 2015 2016 2015 Bankruptcy Claim Payments Received $ 0 $ 0 $ 26,843 $ 0 Property Management Expenses (11,838) (17,869) (25,050) (37,162) Income (Loss) from Discontinued Operations $ (11,838) $ (17,869) $ 1,793 $ (37,162) Three Months Ended June 30 Six Months Ended June 30 2016 2015 2016 2015 Cash Flows from Discontinued Operations: Operating Activities $ (11,838) $ (17,869) $ 1,793 $ (37,162)

Members' Capital

Members' Capital	6 Months Ended
	Jun. 30, 2016
Partners' Capital Notes [Abstract]
Partners' Capital Notes Disclosure [Text Block]	(6) Members’ Capital – For the six months ended June 30, 2016 and 2015, the Company declared distributions of $1,073,599 and $1,084,689, respectively. The Limited Members received distributions of $1,042,401 and $1,057,199 and the Managing Members received distributions of $31,198 and $27,490 for the periods, respectively. The Limited Members' distributions represented $25.69 and $25.77 per LLC Unit outstanding using 40,570 and 41,022 weighted average Units in 2016 and 2015, respectively. The distributions represented $12.74 and $15.25 per Unit of Net Income and $12.95 and $10.52 per Unit of return of contributed capital in 2016 and 2015, respectively. As part of the distributions discussed above, the Company distributed net sale proceeds of $50,505 and $252,525 in 2016 and 2015, respectively. The Limited Members received distributions of $50,000 and $250,000 and the Managing Members received distributions of $505 and $2,525 for the periods, respectively. The Limited Members’ distributions represented $1.23 and $6.11 per Unit for the periods, respectively. During the first six months of 2016, the Company did not repurchase any Units from the Limited Members. On April 1, 2015, the Company repurchased a total of 199.52 Units for $128,478 from 12 Limited Members in accordance with the Operating Agreement. 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 $3,973 in 2015.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	(7) 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 June 30, 2016 and December 31, 2015, 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 2016 and 2015. The Sports Authority store in Wichita, Kansas with a carrying amount of $2,422,438 at December 31, 2015, was written down to its estimated fair value of $1,785,000 after completing our long-lived asset valuation analysis. The resulting impairment charge of $637,438 was included in earnings for the fourth quarter of 2015. The fair value of the property was based upon a signed purchase agreement, which is considered a Level 3 input in the valuation hierarchy.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	6 Months Ended
	Jun. 30, 2016
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.

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Jun. 30, 2016
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations [Table Text Block]	Discontinued Operations Three Months Ended June 30 Six Months Ended June 30 2016 2015 2016 2015 Bankruptcy Claim Payments Received $ 0 $ 0 $ 26,843 $ 0 Property Management Expenses (11,838) (17,869) (25,050) (37,162) Income (Loss) from Discontinued Operations $ (11,838) $ (17,869) $ 1,793 $ (37,162)
Cash Flow, Supplemental Disclosures [Text Block]	Cash Flows from Discontinued Operations Three Months Ended June 30 Six Months Ended June 30 2016 2015 2016 2015 Cash Flows from Discontinued Operations: Operating Activities $ (11,838) $ (17,869) $ 1,793 $ (37,162)

Organization (Details)

Organization (Details) - USD ($)	May 12, 2005	Sep. 11, 2003
Accounting Policies [Abstract]
Capital Units, Value		$ 1,000
Limited Partners' Capital Account, Units Outstanding (in Shares)	42,434.763	1,500
Limited Partners' Contributed Capital	$ 42,434,763	$ (1,500,000)
General Partners' Contributed Capital	$ 1,000

Real Estate Investments (Detail

Real Estate Investments (Details) - USD ($)	Jun. 09, 2015	Apr. 20, 2015	Nov. 30, 2015	Dec. 31, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 09, 2016
Real Estate Investments (Details) [Line Items]
Payments to Acquire Real Estate					$ 0	$ 3,456,892
Advance Auto Brownsville TX
Real Estate Investments (Details) [Line Items]
Proceeds from Sale of Real Estate		$ 1,550,343
Gain (Loss) on Sale of Properties		424,000
SEC Schedule III, Real Estate, Cost of Real Estate Sold		1,585,269
SEC Schedule III, Real Estate Accumulated Depreciation		$ 458,926
Sports Authority Wichita KS
Real Estate Investments (Details) [Line Items]
Proceeds from Sale of Real Estate			$ 1,785,000
Receivables, Net, Current					$ 27,233
Assets, Fair Value Adjustment				$ 637,438
Property, Plant and Equipment, Gross				$ 2,422,438
Fresenius Gretna LA
Real Estate Investments (Details) [Line Items]
Business Acquisition, Effective Date of Acquisition	Jun. 9, 2015
Payments to Acquire Real Estate	$ 3,456,892
Finite-lived Intangible Assets Acquired	922,252
Business Acquisition, Transaction Costs	$ 105,145
Average Lease Term	The property is leased to Bio-Medical Applications of Louisiana, a subsidiary of Fresenius Medical Care Holdings, Inc., under a Lease Agreement with a remaining primary term of 15.0 years (as of the date of purchase) and annual rent of $224,698.
Real Estate Revenue, Net							$ 224,698
Leases, Acquired-in-Place [Member] | Fresenius Gretna LA
Real Estate Investments (Details) [Line Items]
Finite-Lived Intangible Asset, Acquired-in-Place Leases	$ 405,185
Above Market Leases [Member] | Fresenius Gretna LA
Real Estate Investments (Details) [Line Items]
Finite-Lived Intangible Asset, Off-market Lease, Favorable, Gross	$ 517,067

Discontinued Operations (Detail

Discontinued Operations (Details) - USD ($)	Aug. 04, 2016	Feb. 29, 2016	Aug. 31, 2015
Carinos Pueblo CO
Discontinued Operations (Details) [Line Items]
Bankruptcy Claims, Amount of Claims Settled		$ 26,843	$ 137,473
Disposal Group, Including Discontinued Operation, Consideration	$ 750,000
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax	100,000
Carinos Pueblo CO
Discontinued Operations (Details) [Line Items]
Property, Plant and Equipment, Gross	$ 650,000

Discontinued Operations (Deta19

Discontinued Operations (Details) - Discontinued Operations - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Discontinued Operations [Abstract]
Bankruptcy Claim Payments Received	$ 0	$ 0	$ 26,843	$ 0
Property Management Expenses	(11,838)	(17,869)	(25,050)	(37,162)
Income (Loss) from Discontinued Operations	$ (11,838)	$ (17,869)	$ 1,793	$ (37,162)

Discontinued Operations (Deta20

Discontinued Operations (Details) - Cash Flows from Discontinued Operations - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Cash Flows from Discontinued Operations:
Operating Activities	$ (11,838)	$ (17,869)	$ 1,793	$ (37,162)

Members' Capital (Details)

Members' Capital (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2016shares	Jun. 30, 2015shares	Jun. 30, 2016USD ($)$ / shares$ / itemshares	Jun. 30, 2015USD ($)$ / shares$ / itemshares
Members' Capital (Details) [Line Items]
Distribution Made to Limited Liability Company (LLC) Member, Cash Distributions Declared			$ 1,073,599	$ 1,084,689
Weighted Average Limited Partnership Units Outstanding, Basic (in Shares) | shares	40,570	40,922	40,570	41,022
Sale Proceeds Distribution Made To Member Or Limited Partner			$ 50,505	$ 252,525
Partners' Capital Account, Redemptions				132,451
Limited Member [Member]
Members' Capital (Details) [Line Items]
Distribution Made to Limited Liability Company (LLC) Member, Cash Distributions Declared			$ 1,042,401	$ 1,057,199
Distributions Per Limited Partnership Unit Outstanding, Basic (in Dollars per share) | $ / shares			$ 25.69	$ 25.77
Weighted Average Limited Partnership Units Outstanding, Basic (in Shares) | shares			40,570	41,022
Distributions Per Unit Of Net Income (in Dollars per Item) | $ / item			12.74	15.25
Distributions Per Unit Of Return Of Capital (in Dollars per Item) | $ / item			12.95	10.52
Sale Proceeds Distribution Made To Member Or Limited Partner			$ 50,000	$ 250,000
Sale Proceeds Distribution Made to Limited Partner Per Unit			1.23	$ 6.11
Partners' Capital Account, Units, Redeemed (in Shares) | shares				199.52
Partners' Capital Account, Redemptions				$ 128,478
Managing Member [Member]
Members' Capital (Details) [Line Items]
Distribution Made to Limited Liability Company (LLC) Member, Cash Distributions Declared			31,198	27,490
Sale Proceeds Distribution Made To Member Or Limited Partner			$ 505	2,525
Partners' Capital Account, Redemptions				$ 3,973

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Sports Authority Wichita KS	3 Months Ended
	Dec. 31, 2015USD ($)
Fair Value Measurements (Details) [Line Items]
Property, Plant and Equipment, Gross	$ 2,422,438
Property, Plant, and Equipment, Fair Value Disclosure	1,785,000
Assets, Fair Value Adjustment	$ 637,438