UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES AND EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported) December 9, 2003
AEI INCOME & GROWTH FUND 25 LLC
(Exact Name of Registrant as Specified in its Charter)
State of Delaware
(State or other Jurisdiction of Incorporation or
Organization)
333-99677 75-3074973
(Commission File Number) (I.R.S. Employer
Identification No.)
30 East 7th Street, Suite 1300, St. Paul, Minnesota 55101
(Address of Principal Executive Offices)
(651) 227-7333
(Registrant's telephone number, including area code)
(Former name or former address, if changed since last
report)
Item 2. Acquisition or Disposition of Assets.
On December 9, 2003, the Limited Liability Company
(the Company) purchased a 50% interest in a newly
constructed Johnny Carino's restaurant in Lake Charles,
Louisiana from Kona Restaurant Group, Inc. The total cash
purchase price of the land and building was approximately
$2,300,000. The remaining interest in the property was
purchased by AEI Private Net Lease Millennium Fund Limited
Partnership, an affiliate of the Company. Kona Restaurant
Group, Inc. is not affiliated with the Company.
The cash, used in purchasing the property, was from
the proceeds of sale of LLC Units.
Item 7. Financial Statements and Exhibits.
(a) Financial statements of businesses acquired -
Not Applicable.
(b) On December 9, 2003, the Company purchased its
50% interest in the property for $1,150,000.
The property was acquired with cash which was
provided from proceeds of sale of LLC Units.
A limited number of proforma adjustments are
required to illustrate the effects of the
transaction on the balance sheet and income
statement. The following narrative
description is furnished in lieu of the
proforma statements:
Assuming the Company had acquired the property
on September 11, 2003 (date the Company
commenced operations), the Company's
Investments in Real Estate would have
increased by $1,150,000 and its Current Assets
(cash) would have decreased by $1,150,000.
Income for the Company would have increased
from $11,010 to $16,920 for the period ended
September 30, 2003 if the Company had owned
the property during the period.
Depreciation Expense would have increased by
$1,756 for the period ended September 30,
2003.
The net effect of these proforma adjustments
would have caused Net Income to increase from
$7,256 to $11,410, which would have resulted
in Net Income of $5.24 per LLC Unit
outstanding for the period ended September 30,
2003.
(c) Exhibits
Exhibit 10.1 - Purchase Agreement dated
December 9, 2003 between the
Company, AEI Private Net Lease
Millennium Fund Limited
Partnership, and Kona
Restaurant Group, Inc.
relating to the Property at
2638 Derek Drive, Lake
Charles, Louisiana.
Exhibit 10.2 - Net Lease Agreement dated
December 9, 2003 between the
Company, AEI Private Net
Lease Millennium Fund
Limited Partnership, and
Kona Restaurant Group, Inc.
relating to the Property at
2638 Derek Drive, Lake
Charles, Louisiana.
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly
authorized.
AEI INCOME & GROWTH FUND 25 LLC
By: AEI Fund Management XXI, Inc.
Its: Managing Member
Date: December 18, 2003 /s/ Patrick W Keene
By: Patrick W. Keene
Its: Chief Financial Officer