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Condensed Statements of Operations (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenue:        
Basic minimum annual rent, from a related party $ 962,923 $ 866,237 $ 1,924,083 $ 1,732,472
Advance of primary overage rent, from a related party 188,000 188,000 376,000 376,000
Total rent income 1,150,923 1,054,237 2,300,083 2,108,472
Interest and dividend income 156 164 394 350
Total revenue 1,151,079 1,054,401 2,300,477 2,108,822
Expenses:        
Interest on mortgages 762,452 680,400 1,526,875 1,364,334
Supervisory services, to a related party 31,798 31,426 63,595 62,851
Depreciation of building and tenant improvements 620,068 438,025 1,236,060 838,534
Amortization of leasing costs 77,726 56,786 151,990 111,067
Formation transaction expenses 68,942 24,491 173,756 38,837
Professional fees, including amounts to a related party 192,793 49,229 398,265 103,003
Other 18,038 14,168 32,743 17,168
Total expenses 1,771,817 1,294,525 3,583,284 2,535,794
Net loss $ (620,738) $ (240,124) $ (1,282,807) $ (426,972)
Loss per $5,000 participation unit, based on 720 participation units outstanding during the period $ (862.14) $ (333.51) $ (426,972.00) $ (593.02)
Distributions per $5,000 participation unit consisted of the following:        
Income            
Return of capital $ 250.00 $ 250.00 $ 500.00 $ 500.00
Total distributions $ 250.00 $ 250.00 $ 500.00 $ 500.00