Cove Essential Net Lease Industrial 104 DST
Vicksburg, MS
| Asset Class: | Industrial |
| Leverage: | 0% - All-Cash/Debt-free |
| Location(s): | Vickburg, MS |
| Minimum Investment: | $100,000 |
| Current Distribution: | Monthly/Inquire |
| Offering Type: | DST |
| 1031 Exchange Qualified: | Yes |
Property Description
Essential Net Lease Industrial 104 DST is an all-cash/debt-free asset featuring a brand new (2025) industrial asset, built-to-suit distribution facility for Frito Lay in Vicksburg, Mississippi. Frito-Lay is an American subsidiary of PepsiCo, which is ranked 46th on the Fortune 500 list, and is an essential business with the tenant remaining open and paying rent throughout the entire COVID-19 Pandemic. The subject property is situated along Halls Ferry Road, offering quick and easy access to Interstate 20; a highway connects Vicksburg to key regional markets, including Jackson, Birmingham, and Shreveport. The debt free asset provides significant income potential to investors from in place lease revenue from one of the world’s iconic and recessionary resistant brands.
The offering provides investors with full optionality with its potential 721 exchange UPREIT exit strategy. This is preferred in that investors will be given the choice as to whether they want to participate in the 721 exchange or not.
Property Highlights
- All-Cash/Debt-Free Offering
- 10-Year single tenant industrial net lease through March 2035
- Positioned within the Jackson MSA
- Essential Business - tenant remained open and paying rent through the entire COVID-19 Pandemic
- 721 exchange exit strategy potential with fully investor optionality
- Sponsor Co-Investment: - The Cove Capital principals are investing their own dollars into the offering - helping create an alignment of interests between the sponsor and investors in the offering
Source: Brochure
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.
