Cove Essential Net Lease Portfolio 90 DST
AZ & NM
| Asset Class: | Single Tenant Portfolio |
| Leverage: | 0% - All-Cash/Debt-Free |
| Location(s): | AZ & NM |
| Minimum Investment: | $100,000 |
| Offering Type: | DST |
| 1031 Exchange Qualified: | Yes |
Property Description
Essential Net Lease Portfolio 90 DST is an all-cash/debt-free offering featuring 2 properties totaling over 33,000 square feet that include a FedEx Ground (Distribution Center) and a Tractor Supply Company. Both tenants are considered an essential business that stayed open and paid rent during previous pandemics and recessions.* The properties include a 2015 construction, distribution center for FedEx Ground located in Stafford, Arizona and a 2023 build-to-suit Tractor Supply Company located in Grants, NM. This offering is an all-cash/debt-free DST investment with no risk of a lender foreclosure as well as no risk of lender cash flow sweeps. The portfolio provides significant income potential and diversification to investors from in place lease revenue from some of the largest companies in the world.*
MSA Details
The two properties are located in Safford, AZ and Grants, NM
Property Highlights
- All-cash/debt-free offering
- Tenants include FedEx Ground and Tractor Supply Company
- Essential businesses - both tenants remained opened and paying rent throughout the entire COVID-19 Pandemic
- Sponsor Co-Investment - The Cove Capital principals are investing their own after-tax dollars into the property as well
- 721 Exchange rollup as a potential exit strategy
Source: Brochure, PPM, Google Maps, CoStar
The market information provided above may not predict the future performance of the property.
*Distribution is not guaranteed and is subject to available cash flow. For further information about cash flow distributions from operations and capital events, please refer to the offering’s Private Placement Memorandum.
