Aei Income & Growth Fund XXI LTD Partnership (XXAAU) 10-Q 12 Nov 21 2021 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information	9 Months Ended
	Sep. 30, 2021shares
Document Information Line Items
Entity Registrant Name	AEI INCOME & GROWTH FUND XXI LIMITED PARTNERSHIP
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding	17,947.17
Amendment Flag	false
Entity Central Index Key	0000931755
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Sep. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Quarterly Report	true
Entity File Number	000-29274
Entity Incorporation, State or Country Code	MN
Entity Address, State or Province	MN
Entity Tax Identification Number	41-1789725
Entity Address, Address Line One	30 East 7th Street, Suite 1300
Entity Address, City or Town	St. Paul
Entity Address, Postal Zip Code	55101
City Area Code	651
Local Phone Number	227-7333
Entity Information, Former Legal or Registered Name	Not Applicable
No Trading Symbol Flag	true
Security Exchange Name	NONE
Title of 12(g) Security	Limited Partnership Units
Entity Interactive Data Current	Yes
Document Transition Report	false

Balance Sheet

Balance Sheet - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Current Assets:
Cash	$ 3,662,279	$ 4,308,166
Rent Receivable	17,194	47,285
Total Current Assets	3,679,473	4,355,451
Real Estate Investments:
Land	2,771,069	2,857,415
Buildings	7,574,089	7,627,035
Construction in Progress	0	252,854
Acquired Intangible Lease Assets	443,785	684,701
Real Estate Held for Investment, at cost	10,788,943	11,422,005
Accumulated Depreciation and Amortization	(3,576,798)	(4,010,121)
Real Estate Held for Investment, Net	7,212,145	7,411,884
Long-Term Rent Receivable	0	4,299
Total Assets	10,891,618	11,771,634
Current Liabilities:
Payable to AEI Fund Management, Inc.	107,237	134,180
Distributions Payable	176,865	133,936
Unearned Rent	9,167	0
Total Current Liabilities	293,269	268,116
Long-Term Liabilities:
Acquired Below-Market Lease Intangibles, Net	35,134	41,215
Partners’ Capital :
General Partners	2,481	11,472
Limited Partners – 24,000 Units authorized; 17,947.17 and 18,791.14 Units issued and outstanding as of 9/30/2021 and 12/31/2020	10,560,734	11,450,831
Total Partners' Capital	10,563,215	11,462,303
Total Liabilities and Partners' Capital	$ 10,891,618	$ 11,771,634

Balance Sheet (Parentheticals)

Balance Sheet (Parentheticals) - Limited Partner [Member] - shares	Sep. 30, 2021	Dec. 31, 2020
Limited Partners, units authorized	24,000	24,000
Limited Partners, units issued	17,947.17	18,791.14
Limited Partners, units outstanding	17,947.17	18,791.14

Statement of Income

Statement of Income - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Statement [Abstract]
Rental Income	$ 234,309	$ 208,699	$ 625,313	$ 626,097
Expenses:
Partnership Administration – Affiliates	41,445	36,212	121,651	103,663
Partnership Administration and Property Management – Unrelated Parties	21,872	21,707	78,936	73,595
Depreciation and Amortization	101,555	97,211	281,584	291,633
Total Expenses	164,872	155,130	482,171	468,891
Operating Income	69,437	53,569	143,142	157,206
Other Income:
Gain on Sale of Real Estate	13,198	0	13,198	0
Interest Income	309	752	1,842	7,406
Total Other Income	13,507	752	15,040	7,406
Net Income	82,944	54,321	158,182	164,612
Net Income Allocated:
General Partners	830	543	1,582	1,646
Limited Partners	$ 82,114	$ 53,778	$ 156,600	$ 162,966
Net Income per Limited Partnership Unit (in Dollars per share)	$ 4.58	$ 2.86	$ 8.59	$ 8.67
Weighted Average Units Outstanding – Basic and Diluted (in Shares)	17,947	18,791	18,228	18,791

Statement of Cash Flows

Statement of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash Flows from Operating Activities:
Net Income	$ 158,182	$ 164,612
Adjustments to Reconcile Net Income To Net Cash Provided by Operating Activities:
Depreciation and Amortization	275,502	285,552
Gain on Sale of Real Estate	(13,198)	0
(Increase) Decrease in Rent Receivable	34,390	(51,585)
Increase (Decrease) in Payable to AEI Fund Management, Inc.	(26,943)	(56,703)
Increase (Decrease) in Unearned Rent	9,167	0
Total Adjustments	278,918	177,264
Net Cash Provided By (Used For) Operating Activities	437,100	341,876
Cash Flows from Investing Activities:
Investments in Real Estate	(2,545,860)	(67,075)
Proceeds from Sale of Real Estate	2,477,214	0
Net Cash Provided By (Used For) Investing Activities	(68,646)	(67,075)
Cash Flows from Financing Activities:
Distributions Paid to Partners	(397,569)	(497,574)
Repurchase of Partnership Units	(616,772)	0
Net Cash Provided By (Used For) Financing Activities	(1,014,341)	(497,574)
Net Increase (Decrease) in Cash	(645,887)	(222,773)
Cash, beginning of period	4,308,166	3,197,449
Cash, end of period	$ 3,662,279	$ 2,974,676

Statement of Changes in Partner

Statement of Changes in Partners' Capital - USD ($)	General Partner [Member]	Limited Partner [Member]	Total
Balance at Dec. 31, 2019	$ 7,992	$ 11,106,281	$ 11,114,273
Balance (in Shares) at Dec. 31, 2019		18,791.14
Balance at Mar. 31, 2020	6,538	$ 10,962,245	10,968,783
Balance (in Shares) at Mar. 31, 2020		18,791.14
Distributions Declared	(1,948)	$ (192,902)	(194,850)
Net Income	494	48,866	49,360
Balance at Dec. 31, 2019	7,992	$ 11,106,281	11,114,273
Balance (in Shares) at Dec. 31, 2019		18,791.14
Balance at Sep. 30, 2020	5,305	$ 10,840,247	10,845,552
Balance (in Shares) at Sep. 30, 2020		18,791.14
Distributions Declared	(4,333)	$ (429,000)	(433,333)
Net Income			164,612
Balance at Mar. 31, 2020	6,538	$ 10,962,245	10,968,783
Balance (in Shares) at Mar. 31, 2020		18,791.14
Balance at Jun. 30, 2020	6,102	$ 10,919,066	10,925,168
Balance (in Shares) at Jun. 30, 2020		18,791.14
Distributions Declared	(1,045)	$ (103,501)	(104,546)
Net Income	609	60,322	60,931
Balance at Sep. 30, 2020	5,305	$ 10,840,247	10,845,552
Balance (in Shares) at Sep. 30, 2020		18,791.14
Distributions Declared	(1,340)	$ (132,597)	(133,937)
Net Income	543	53,778	54,321
Balance at Dec. 31, 2020	11,472	$ 11,450,831	11,462,303
Balance (in Shares) at Dec. 31, 2020		18,791.14
Balance at Mar. 31, 2021	10,327	$ 11,337,395	11,347,722
Balance (in Shares) at Mar. 31, 2021		18,791.14
Distributions Declared	(1,339)	$ (132,597)	(133,936)
Net Income	194	19,161	19,355
Balance at Dec. 31, 2020	11,472	$ 11,450,831	11,462,303
Balance (in Shares) at Dec. 31, 2020		18,791.14
Balance at Sep. 30, 2021	2,481	$ 10,560,734	10,563,215
Balance (in Shares) at Sep. 30, 2021		17,947.17
Distributions Declared	(4,405)	$ (436,093)	(440,498)
Repurchase of Partnership Units	(6,168)	$ (610,604)
Units Repurchased (in Shares)		(843.97)
Net Income			158,182
Balance at Mar. 31, 2021	10,327	$ 11,337,395	11,347,722
Balance (in Shares) at Mar. 31, 2021		18,791.14
Balance at Jun. 30, 2021	3,419	$ 10,653,717	10,657,136
Balance (in Shares) at Jun. 30, 2021		17,947.17
Distributions Declared	(1,298)	$ (128,399)	(129,697)
Repurchase of Partnership Units	(6,168)	$ (610,604)	(616,772)
Units Repurchased (in Shares)		(843.97)
Net Income	558	$ 55,325	55,883
Balance at Sep. 30, 2021	2,481	$ 10,560,734	10,563,215
Balance (in Shares) at Sep. 30, 2021		17,947.17
Distributions Declared	(1,768)	$ (175,097)	(176,865)
Net Income	$ 830	$ 82,114	$ 82,944

Basis of Accounting

Basis of Accounting	9 Months Ended
	Sep. 30, 2021
Accounting Policies [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	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	(2) Organization – AEI Income & Growth Fund XXI Limited Partnership (“Partnership”) was formed to acquire and lease commercial properties to operating tenants. The Partnership's operations are managed by AEI Fund Management XXI, Inc. (“AFM”), the Managing General Partner. The Estate of Robert P. Johnson serves as the Individual General Partner. AFM is a wholly owned subsidiary of AEI Capital Corporation of which the Estate of Robert Johnson and Patricia Johnson, the wife of the deceased, own a majority interest. AEI Fund Management, Inc. (“AEI”), an affiliate of AFM, performs the administrative and operating functions for the Partnership. The terms of the Partnership offering called for a subscription price of $1,000 per Limited Partnership Unit, payable on acceptance of the offer. The Partnership commenced operations on April 14, 1995 when minimum subscriptions of 1,500 Limited Partnership Units ($1,500,000) were accepted. On January 31, 1997, the offering terminated when the maximum subscription limit of 24,000 Limited Partnership Units was reached. Under the terms of the Limited Partnership Agreement, the Limited Partners and General Partners contributed funds of $24,000,000 and $1,000, respectively. During operations, any Net Cash Flow, as defined, which the General Partners determine to distribute will be distributed 90% to the Limited Partners and 10% to the General Partners; provided, however, that such distributions to the General Partners will be subordinated to the Limited Partners first receiving an annual, noncumulative distribution of Net Cash Flow equal to 10% of their Adjusted Capital Contribution, as defined, and, provided further, that in no event will the General Partners receive less than 1% of such Net Cash Flow per annum. Distributions to Limited Partners will be made pro rata by Units. Any Net Proceeds of Sale, as defined, from the sale or financing of properties which the General Partners determine to distribute will, after provisions for debts and reserves, be paid in the following manner: (i) first, 99% to the Limited Partners and 1% to the General Partners until the Limited Partners receive an amount equal to: (a) their Adjusted Capital Contribution plus (b) an amount equal to 10% of their Adjusted Capital Contribution per annum, cumulative but not compounded, to the extent not previously distributed from Net Cash Flow; (ii) any remaining balance will be distributed 90% to the Limited Partners and 10% to the General Partners. Distributions to the Limited Partners will be made pro rata by Units. For tax purposes, profits from operations, other than profits attributable to the sale, exchange, financing, refinancing or other disposition of property, will be allocated first in the same ratio in which, and to the extent, Net Cash Flow is distributed to the Partners for such year. Any additional profits will be allocated in the same ratio as the last dollar of Net Cash Flow is distributed. Net losses from operations will be allocated 99% to the Limited Partners and 1% to the General Partners. For tax purposes, profits arising from the sale, financing, or other disposition of property will be allocated in accordance with the Partnership Agreement as follows: (i) first, to those partners with deficit balances in their capital accounts in an amount equal to the sum of such deficit balances; (ii) second, 99% to the Limited Partners and 1% to the General Partners until the aggregate balance in the Limited Partners' capital accounts equals the sum of the Limited Partners' Adjusted Capital Contributions plus an amount equal to 10% of their Adjusted Capital Contributions per annum, cumulative but not compounded, to the extent not previously allocated; (iii) third, the balance of any remaining gain will then be allocated 90% to the Limited Partners and 10% to the General Partners. Losses will be allocated 98% to the Limited Partners and 2% to the General Partners. The General Partners are not required to currently fund a deficit capital balance. Upon liquidation of the Partnership or withdrawal by a General Partner, the General Partners will contribute to the Partnership an amount equal to the lesser of the deficit balances in their capital accounts or 1% of total Limited Partners' and General Partners' capital contributions. In January 2021, the Managing General Partner mailed a Consent Statement (Proxy) seeking the consent of the Limited Partners to continue the Partnership for an additional 60 months or to initiate the final disposition, liquidation and distribution of all of the Partnership’s properties and assets. On March 3, 2021, the votes were counted and neither proposal received the required majority vote. As a result, the Managing General Partner will continue the operations of the Partnership for an additional 60 months at which time it will ask the Limited Partners to vote on the same two proposals.

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	(3) Recently Issued Accounting Pronouncements – In April 2020, the Financial Accounting Standards Board (FASB) issued a question-and-answer document (the “Lease Modification Q&A”) focused on the application of lease accounting guidance to lease concessions provided as a result of COVID-19. Under existing lease guidance, the Partnership would have to determine, on a lease by lease basis, if a lease concession was the result of a new arrangement reached with the tenant or if a lease concession was under the enforceable rights and obligations within the existing lease agreement. The Lease Modification Q&A clarifies that entities may elect to not evaluate whether lease-related relief that lessors provide to mitigate the economic effects of COVID-19 on lessees is a lease modification under current lease guidance. Instead, an entity that elects not to evaluate whether a concession directly related to COVID-19 is a modification can then elect whether to apply the modification guidance. During the year ended December 31, 2020, the Partnership provided lease concessions to certain tenants in response to the impact of COVID-19, in the form of rent deferrals. The Partnership has made an election to account for such lease concessions consistent with how those concessions would be accounted for under lease guidance if enforceable rights and obligations for those concessions had already existed in the leases. This election is available for concessions related to the effects of the COVID-19 pandemic that do not result in a substantial increase in the rights as lessor, including concessions that result in the total payments required by the modified lease being substantially the same as or less than total payments required by the original lease. Substantially, all of the Partnership’s concessions to date provide for a deferral of payments with no substantive changes to the consideration in the original lease. These deferrals affect the timing, but not the amount, of the lease payments. The Partnership is accounting for these deferrals as if no changes to the lease were made. Under this accounting, the Partnership increases its rent receivables as tenant payments accrue and continues to recognize rental income. During the year ended December 31, 2020, the Partnership has entered into lease modifications that deferred $51,584, which was recognized as rental income for those deferred months in 2020. The rent receivable related to these rental deferrals is $17,194 as of September 30, 2021.

Real Estate Investments

Real Estate Investments	9 Months Ended
	Sep. 30, 2021
Real Estate [Abstract]
Real Estate Disclosure [Text Block]	(4) Real Estate Investments – The Partnership owned a 30% interest in a Gander Mountain store in Champaign, Illinois. The remaining interests in the property were owned by affiliates of the Partnership. On March 10, 2017, Gander Mountain Company filed for Chapter 11 reorganization and announced it was closing the store, following a liquidation sale of its onsite assets. In June 2017, the tenant filed a motion with the bankruptcy court to reject the lease for this store effective June 30, 2017. At this time, the tenant returned possession of the property to the owners and the Partnership became responsible for its 30% share of real estate taxes and other costs associated with maintaining the property. The tenant paid rent through June 2017. On August 11, 2020, the Partnership entered into a lease agreement with a primary term of 10 years with Burlington Coat Factory of Texas, Inc. (“Burlington”) as a replacement tenant for 62% of the square footage of the property. The tenant’s obligations under the lease are guaranteed by Burlington Coat Factory Warehouse Corporation. The tenant will operate a Burlington retail store in the space. The Partnership’s 30% share of annual rent is $102,980 and commenced on May 7, 2021. The Partnership was responsible for paying its 30% share of the buildout of the space, which was $612,992. As part of the agreement, the Partnership paid a tenant improvement allowance of $66,201 that was capitalized. The Partnership paid its 30% share of lease commissions due to real estate brokers totaling $63,443 that were owed as part of the lease transaction. This amount was capitalized and will be amortized over the term of the lease. On February 5, 2021, the Partnership entered into a lease agreement with a primary term of 10 years with Five Below, Inc. as a replacement tenant for 38% of the square footage of the property. The tenant will operate a Five Below retail store in the space. The Partnerships 30% share of the annual rent is $62,093 and commenced on August 27, 2021. The Partnership is responsible for its 30% share of the buildout of the space, which was 250,988. As part of the agreement, the Partnership paid a tenant improvement allowance of $21,995 that was capitalized. The Partnership paid its 30% share of lease commissions due to real estate brokers totaling $40,804 that were due as part of the lease transaction. This amount was capitalized and will be amortized over the term of the lease. In August 2021, the Partnership entered into an agreement to sell its 30% interest in the Burlington Coat Factory and Five Below in Champaign, Illinois to an unrelated third party. On September 28, 2021, the sale closed with the Partnership receiving net proceeds of $2,477,214, which resulted in a net gain of $13,198. At the time of the sale, the cost and related accumulated depreciation was $3,178,923 and $714,907, respectively. In March 2019, the Partnership 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 decreased from $124,049 to $105,560 effective January 1, 2020. In October 2020, the Partnership entered into an agreement to sell its 55% interest in the Fresenius Medical Center in Shreveport, Louisiana to an unrelated third party. On December 18, 2020, the sale closed with the Partnership receiving net proceeds of $1,465,286, which resulted in a net gain of $677,237. At the time of sale, the cost and related accumulated depreciation was $1,407,367 and $619,318, respectively. On May 14, 2021, the Partnership purchased an Advance Auto Parts store in Chelsea, Alabama for $1,802,200. The Partnership allocated $158,736 of the purchase price to Acquired Intangible Lease Assets, representing in-place lease intangibles. The property is leased to Advance Stores Company, Incorporated under a lease agreement with a remaining primary term of 10.4 years (as of the date of purchase) and annual rent of $110,000. In July 2021, the Partnership entered into an agreement with the tenant of the Jared Jewelry store in Hanover, Maryland to extend the lease term seven years to end on January 21, 2029. As part of the agreement, the annual rent will decrease from $224,340 to $167,500 effective February 1, 2022.

Payable to AEI Fund Management,

Payable to AEI Fund Management, Inc.	9 Months Ended
	Sep. 30, 2021
Payables and Accruals [Abstract]
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	(5) Payable to AEI Fund Management, Inc. – AEI Fund Management, Inc. performs the administrative and operating functions for the Partnership. The payable to AEI Fund Management represents the balance due for those services. This balance is non-interest bearing and unsecured and is to be paid in the normal course of business.

Partners' Capital

Partners' Capital	9 Months Ended
	Sep. 30, 2021
Partners' Capital Notes [Abstract]
Partners' Capital Notes Disclosure [Text Block]	(6) Partners’ Capital – For the nine months ended September 30, 2021 and 2020, the Partnership declared distributions of $440,498 and $433,333, respectively. The Limited Partners were allocated distributions of $436,093 and $429,000 and the General Partners were allocated distributions of $4,405 and $4,333 for the periods, respectively. The Limited Partners' distributions represented $23.92 and $22.83 per Limited Partnership Unit outstanding using 18,228 and 18,791 weighted average Units in 2021 and 2020, respectively. The distributions represented $8.59 and $8.67 per Unit of Net Income and $15.33 and $14.16 per Unit of contributed capital in 2021 and 2020, respectively. For the nine months ended September 30, 2021, the Partnership repurchased a total of 843.97 Units for $610,604 from 36 Limited Partners in accordance with the Partnership Agreement. The Partnership acquired these Units using net sales proceeds. For the nine months ended September 30, 2020, the Partnership did not repurchase any Units from the Limited Partners. The repurchases increase the remaining Limited Partners' ownership interest in the Partnership. As a result of these repurchases and pursuant to the Partnership Agreement, the General Partners received distributions of $6,168 in 2021.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	(7) Fair Value Measurements – As of September 30, 2021 and December 31, 2020, the Partnership had no assets or liabilities measured at fair value on a recurring basis or nonrecurring basis.

COVID-19 Outbreak

COVID-19 Outbreak	9 Months Ended
	Sep. 30, 2021
Coronavirus Outbreak Policy [Abstract]
CoronavirusOutbreakPolicyText Block	(8) COVID-19 Outbreak – During the first quarter of 2020, there was a global outbreak of 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 COVID-19. Nevertheless, COVID19 presents material uncertainty and risk with respect to the Partnership’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. Up to the date of this filing, the Partnership has entered into rent deferral agreements with two tenants of the six properties owned by the Partnership. In June 2020, the Partnership entered into an agreement with the tenant of the Jared Jewelry store in Auburn Hills, Michigan and Hanover, Maryland to defer base rent in April and May 2020. The tenants started paying the deferred amounts in twelve equal monthly installments beginning on February 1, 2021. The Partnership has elected not to account for these deferrals of rent as a lease modification under COVID-19 guidance issued by the FASB. Deferred rent of $51,584 was recognized as rental income during the year ended December 31, 2020 and a corresponding rent receivable was recorded. The rent receivable related to these rental deferrals is $17,194 as of September 30, 2021. The Partnership continues to work closely with tenants to determine the best course of action to meet the tenants short-term rental needs during these unprecedented times.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Distribution Policy, Members or Limited Partners, Description	During operations, any Net Cash Flow, as defined, which the General Partners determine to distribute will be distributed 90% to the Limited Partners and 10% to the General Partners; provided, however, that such distributions to the General Partners will be subordinated to the Limited Partners first receiving an annual, noncumulative distribution of Net Cash Flow equal to 10% of their Adjusted Capital Contribution, as defined, and, provided further, that in no event will the General Partners receive less than 1% of such Net Cash Flow per annum. Distributions to Limited Partners will be made pro rata by Units. Any Net Proceeds of Sale, as defined, from the sale or financing of properties which the General Partners determine to distribute will, after provisions for debts and reserves, be paid in the following manner: (i) first, 99% to the Limited Partners and 1% to the General Partners until the Limited Partners receive an amount equal to: (a) their Adjusted Capital Contribution plus (b) an amount equal to 10% of their Adjusted Capital Contribution per annum, cumulative but not compounded, to the extent not previously distributed from Net Cash Flow;  (ii) any remaining balance will be distributed 90% to the Limited Partners and 10% to the General Partners. Distributions to the Limited Partners will be made pro rata by Units.
Key Provisions of Operating or Partnership Agreement, Description	For tax purposes, profits from operations, other than profits attributable to the sale, exchange, financing, refinancing or other disposition of property, will be allocated first in the same ratio in which, and to the extent, Net Cash Flow is distributed to the Partners for such year. Any additional profits will be allocated in the same ratio as the last dollar of Net Cash Flow is distributed. Net losses from operations will be allocated 99% to the Limited Partners and 1% to the General Partners. For tax purposes, profits arising from the sale, financing, or other disposition of property will be allocated in accordance with the Partnership Agreement as follows: (i) first, to those partners with deficit balances in their capital accounts in an amount equal to the sum of such deficit balances; (ii) second, 99% to the Limited Partners and 1% to the General Partners until the aggregate balance in the Limited Partners' capital accounts equals the sum of the Limited Partners' Adjusted Capital Contributions plus an amount equal to 10% of their Adjusted Capital Contributions per annum, cumulative but not compounded, to the extent not previously allocated; (iii) third, the balance of any remaining gain will then be allocated 90% to the Limited Partners and 10% to the General Partners. Losses will be allocated 98% to the Limited Partners and 2% to the General Partners.   The General Partners are not required to currently fund a deficit capital balance. Upon liquidation of the Partnership or withdrawal by a General Partner, the General Partners will contribute to the Partnership an amount equal to the lesser of the deficit balances in their capital accounts or 1% of total Limited Partners' and General Partners' capital contributions
New Accounting Pronouncement or Change in Accounting Principle, Description	In April 2020, the Financial Accounting Standards Board (FASB) issued a question-and-answer document (the “Lease Modification Q&A”) focused on the application of lease accounting guidance to lease concessions provided as a result of COVID-19. Under existing lease guidance, the Partnership would have to determine, on a lease by lease basis, if a lease concession was the result of a new arrangement reached with the tenant or if a lease concession was under the enforceable rights and obligations within the existing lease agreement. The Lease Modification Q&A clarifies that entities may elect to not evaluate whether lease-related relief that lessors provide to mitigate the economic effects of COVID-19 on lessees is a lease modification under current lease guidance. Instead, an entity that elects not to evaluate whether a concession directly related to COVID-19 is a modification can then elect whether to apply the modification guidance. During the year ended December 31, 2020, the Partnership provided lease concessions to certain tenants in response to the impact of COVID-19, in the form of rent deferrals. The Partnership has made an election to account for such lease concessions consistent with how those concessions would be accounted for under lease guidance if enforceable rights and obligations for those concessions had already existed in the leases. This election is available for concessions related to the effects of the COVID-19 pandemic that do not result in a substantial increase in the rights as lessor, including concessions that result in the total payments required by the modified lease being substantially the same as or less than total payments required by the original lease.   Substantially, all of the Partnership’s concessions to date provide for a deferral of payments with no substantive changes to the consideration in the original lease. These deferrals affect the timing, but not the amount, of the lease payments. The Partnership is accounting for these deferrals as if no changes to the lease were made. Under this accounting, the Partnership increases its rent receivables as tenant payments accrue and continues to recognize rental income. During the year ended December 31, 2020, the Partnership has entered into lease modifications that deferred $51,584, which was recognized as rental income for those deferred months in 2020. The rent receivable related to these rental deferrals is $17,194 as of September 30, 2021.
CoronavirusOutbreakTextBlock	During the first quarter of 2020, there was a global outbreak of 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 COVID-19. Nevertheless, COVID19 presents material uncertainty and risk with respect to the Partnership’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. Up to the date of this filing, the Partnership has entered into rent deferral agreements with two tenants of the six properties owned by the Partnership. In June 2020, the Partnership entered into an agreement with the tenant of the Jared Jewelry store in Auburn Hills, Michigan and Hanover, Maryland to defer base rent in April and May 2020. The tenants started paying the deferred amounts in twelve equal monthly installments beginning on February 1, 2021. The Partnership has elected not to account for these deferrals of rent as a lease modification under COVID-19 guidance issued by the FASB. Deferred rent of $51,584 was recognized as rental income during the year ended December 31, 2020 and a corresponding rent receivable was recorded. The rent receivable related to these rental deferrals is $17,194 as of September 30, 2021. The Partnership continues to work closely with tenants to determine the best course of action to meet the tenants short-term rental needs during these unprecedented times.

Organization (Details)

Organization (Details) - USD ($)	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Jan. 31, 1997	Apr. 14, 1995
Limited Partner [Member]
Organization (Details) [Line Items]
Capital Units, Value										$ 1,000
Limited Partners' Capital Account, Units Outstanding (in Shares)	17,947.17	17,947.17	18,791.14	18,791.14	18,791.14	18,791.14	18,791.14	18,791.14	24,000	1,500
Limited Partners' Contributed Capital									$ 24,000,000	$ 1,500,000
General Partner [Member]
Organization (Details) [Line Items]
General Partners' Contributed Capital									$ 1,000

Recently Issued Accounting Pr_2

Recently Issued Accounting Pronouncements (Details) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Deferred Rent Receivables, Net	$ 17,194	$ 51,584

Real Estate Investments (Detail

Real Estate Investments (Details) - USD ($)

Sep. 28, 2021

May 14, 2021

Feb. 05, 2021

Dec. 18, 2020

Aug. 11, 2020

Mar. 01, 2019

Sep. 30, 2021

Sep. 30, 2020

Dec. 31, 2020

Jan. 31, 2022

Sep. 30, 2021

Sep. 30, 2020

Dec. 31, 2021

Jan. 31, 2023

Aug. 26, 2022

May 13, 2022

May 06, 2022

Dec. 31, 2020

Dec. 31, 2019

Real Estate Investments (Details) [Line Items]

Gain (Loss) on Disposition of Assets

$ 13,198

$ 0

$ 13,198

$ 0

Payments to Acquire Real Estate

$ 2,545,860

$ 67,075

Five Below Champaign IL

Real Estate Investments (Details) [Line Items]

Disposal Date

Sep. 28, 2021

Proceeds from Sale of Real Estate

$ 2,477,214

Gain (Loss) on Disposition of Assets

13,198

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

3,178,923

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

$ 714,907

Fresenius Medical Center Shreveport LA

Real Estate Investments (Details) [Line Items]

Disposal Date

Dec. 18, 2020

Proceeds from Sale of Real Estate

$ 1,465,286

Gain (Loss) on Disposition of Assets

677,237

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

1,407,367

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

$ 619,318

Advance Auto Chelsea AL

Real Estate Investments (Details) [Line Items]

AverageLeaseTerm

The property is leased to Advance Stores Company, Incorporated under a lease agreement with a remaining primary term of 10.4 years (as of the date of purchase)

Revenue from Contract with Customer, Excluding Assessed Tax

$ 110,000

Business Acquisition, Effective Date of Acquisition

May 14, 2021

Payments to Acquire Real Estate

$ 1,802,200

Leases, Acquired-in-Place [Member] | Advance Auto Chelsea AL

Real Estate Investments (Details) [Line Items]

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

$ 158,736

Burlington Coat Factory Champaign IL

Real Estate Investments (Details) [Line Items]

AverageLeaseTerm

On August 11, 2020, the Partnership entered into a lease agreement with a primary term of 10 years with Burlington Coat Factory of Texas, Inc. (“Burlington”) as a replacement tenant for 62% of the square footage of the property.

Revenue from Contract with Customer, Excluding Assessed Tax

$ 102,980

Cost of Property Repairs and Maintenance

$ 612,992

Payments for Tenant Improvements

66,201

Payments for Lease Commissions

$ 63,443

Five Below Champaign IL

Real Estate Investments (Details) [Line Items]

AverageLeaseTerm

On February 5, 2021, the Partnership entered into a lease agreement with a primary term of 10 years with Five Below, Inc. as a replacement tenant for 38% of the square footage of the property.

Revenue from Contract with Customer, Excluding Assessed Tax

$ 62,093

Cost of Property Repairs and Maintenance

$ 250,988

Payments for Tenant Improvements

21,995

Payments for Lease Commissions

$ 40,804

Jared Jewelry Auburn Hills MI

Real Estate Investments (Details) [Line Items]

AverageLeaseTerm

In March 2019, the Partnership 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

$ 105,560

$ 124,049

Jared Jewelry Hanover MD

Real Estate Investments (Details) [Line Items]

Revenue from Contract with Customer, Excluding Assessed Tax

$ 224,340

$ 167,500

Partners' Capital (Details)

Partners' Capital (Details) - USD ($)	3 Months Ended						9 Months Ended
	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2021	Sep. 30, 2020
Partners' Capital (Details) [Line Items]
Distribution Made to Limited Partner, Cash Distributions Declared	$ 176,865	$ 129,697	$ 133,936	$ 133,937	$ 104,546	$ 194,850	$ 440,498	$ 433,333
Partners' Capital Account, Redemptions		616,772
Limited Partner [Member]
Partners' Capital (Details) [Line Items]
Distribution Made to Limited Partner, Cash Distributions Declared	175,097	$ 128,399	132,597	132,597	103,501	192,902	$ 436,093	$ 429,000
Distribution Made to Limited Partner, Distributions Declared, Per Unit (in Dollars per share)							$ 23.92	$ 22.83
Weighted Average Limited Partnership Units Outstanding, Basic (in Shares)							18,228	18,791
DistributionsPerUnitOfNetIncome (in Dollars per share)							$ 8.59	$ 8.67
DistributionsPerUnitOfReturnOfCapital (in Dollars per share)							$ 15.33	$ 14.16
Partners' Capital Account, Units, Redeemed (in Shares)		843.97					843.97
Partners' Capital Account, Redemptions		$ 610,604					$ 610,604
General Partner [Member]
Partners' Capital (Details) [Line Items]
Distribution Made to Limited Partner, Cash Distributions Declared	$ 1,768	1,298	$ 1,339	$ 1,340	$ 1,045	$ 1,948	4,405	$ 4,333
Partners' Capital Account, Redemptions		$ 6,168					$ 6,168

COVID-19 Outbreak (Details)

COVID-19 Outbreak (Details) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Coronavirus Outbreak Policy [Abstract]
Deferred Rent Receivables, Net	$ 17,194	$ 51,584