SUBSEQUENT EVENTS	6 Months Ended
Jun. 30, 2013
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	13. SUBSEQUENT EVENTS As described in Note 3 above, the Partnership received Notice (“Condemnation Notice”) that the County of Charleston, South Carolina (“County”), filed condemnation proceedings on October 12, 2011, which resulted in a partial taking of the Wendy’s- Mt. Pleasant property owned by the Partnership and leased by tenant Wendcharles I, LLC (“Tenant”) under an assumption of the original lease, as amended (the “Lease”). The Partnership and Tenant settled the condemnation action for the sum of $871,500 and the widening of the remaining curb cut at the property. Subsequently, the Partnership and Tenant settled the adjudication of lease and just compensation award allocation of the $724,247 (the “Net Proceeds”) deposited with the Clerk of Court before a trial on the alllocation of just compensation occurred. In July 2013, the Partnership and Tenant finalized an agreement to share the Net Settlement proceeds equally over the term of the Lease, before option exercise. The Tenant share will be paid with an initial $181,062 lump sum payment sometime in August, and monthly rent credits beginning August 1, 2013 of $1,829 over the remaining ninety nine (99) months of the existing Lease term in the aggregate amount of $181,062. As part of the agreement, the Tenant has exercised one, five (5) year option at current rental rates without further award credits. The Partnership will receive $543,185, with about $300,000 available for distribution to the partners and the remaining $181,062 recorded as deferred credits to be amortized monthly to rental income offsetting the rent credits allowed under the settlement agreement. The aggregate fixed rents for the exercised option term payable from Wendy’s amount to $386,615. A Current Report on Form 8-K was filed with the SEC on July 24, 2013 further describing the terms of the agreement between the Partnership and the Tenant amending the Lease.

13. SUBSEQUENT EVENTS

As described in Note 3 above, the Partnership received Notice (“Condemnation Notice”) that the County of Charleston, South Carolina (“County”), filed condemnation proceedings on October 12, 2011, which resulted in a partial taking of the Wendy’s- Mt. Pleasant property owned by the Partnership and leased by tenant Wendcharles I, LLC (“Tenant”) under an assumption of the original lease, as amended (the “Lease”). The Partnership and Tenant settled the condemnation action for the sum of $871,500 and the widening of the remaining curb cut at the property. Subsequently, the Partnership and Tenant settled the adjudication of lease and just compensation award allocation of the $724,247 (the “Net Proceeds”) deposited with the Clerk of Court before a trial on the alllocation of just compensation occurred.

In July 2013, the Partnership and Tenant finalized an agreement to share the Net Settlement proceeds equally over the term of the Lease, before option exercise. The Tenant share will be paid with an initial $181,062 lump sum payment sometime in August, and monthly rent credits beginning August 1, 2013 of $1,829 over the remaining ninety nine (99) months of the existing Lease term in the aggregate amount of $181,062. As part of the agreement, the Tenant has exercised one, five (5) year option at current rental rates without further award credits. The Partnership will receive $543,185, with about $300,000 available for distribution to the partners and the remaining $181,062 recorded as deferred credits to be amortized monthly to rental income offsetting the rent credits allowed under the settlement agreement. The aggregate fixed rents for the exercised option term payable from Wendy’s amount to $386,615. A Current Report on Form 8-K was filed with the SEC on July 24, 2013 further describing the terms of the agreement between the Partnership and the Tenant amending the Lease.