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Condensed Statements of Operations (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenue:        
Basic minimum annual rent, from a related party $ 817,836 $ 817,836 $ 1,635,503 $ 1,635,503
Advance of primary overage rent, from a related party 188,000 188,000 376,000 376,000
Total rent income 1,005,836 1,005,836 2,011,503 2,011,503
Interest and dividend income 235 172 486 204
Total revenue 1,006,071 1,006,008 2,011,989 2,011,707
Expenses:        
Interest on mortgages 645,848 658,950 1,294,972 1,320,896
Supervisory services, to a related party 30,500 15,000 61,000 30,000
Depreciation of building and tenant improvements 367,610 235,517 733,114 469,574
Amortization of leasing commissions 46,043 43,833 96,737 96,557
Professional fees 30,850 600 63,833 3,600
Total expenses 1,120,851 953,900 2,249,656 1,920,627
Net Income (Loss) $ (114,780) $ 52,108 $ (237,667) $ 91,080
Earnings (loss) per $5,000 participation unit, based on 720 participation units outstanding during the period $ (159.42) $ 72.37 $ (330.09) $ 126.50
Distributions per $5,000 participation unit consisted of the following:        
Income $ 0 $ 72.37 $ 0 $ 126.50
Return of capital $ 250.00 $ 177.63 $ 500.00 $ 373.50
Total distributions $ 250.00 $ 250.00 $ 500.00 $ 500.00