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 10, 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 10, 2003, the Limited Liability Company
(the Company) purchased a 75% interest in a Tia's Tex-Mex
restaurant in Brandon, Florida from Specialty Restaurants
Group, LLC. The total cash purchase price of the land and
building was approximately $3,000,000. The remaining
interest in the property was purchased by AEI Accredited
Investor Fund 2002 Limited Partnership, an affiliate of the
Company. Specialty Restaurants Group, LLC 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 10, 2003, the Company purchased
its 75% interest in the property for
$2,250,000. 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 $2,250,000 and its Current Assets
(cash) would have decreased by $2,250,000.
Income for the Company would have increased
from $11,010 to $23,760 for the period ended
September 30, 2003 if the Company had owned
the property during the period.
Depreciation Expense would have increased by
$2,345 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 $17,661, which would have resulted
in Net Income of $8.11 per LLC Unit
outstanding for the period ended September 30,
2003.
(c) Exhibits
Exhibit 10.1 - Assignment of Purchase Agreement
dated November 12, 2003 between
the Company and AEI Fund
Management, Inc. relating to
the Property at 144 Brandon
Town Center Drive, Brandon,
Florida (incorporated by
reference to Exhibit 10.1 of
Form 10-QSB filed November 14,
2003).
Exhibit 10.2 - Net Lease Agreement dated
December 10, 2003 between the
Company, AEI Accredited Investor
Fund 2002 Limited Partnership
and Tia's Florida, LLC relating
to the Property at 144 Brandon
Town Center Drive, Brandon,
Florida.
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