Cove Eastwood Village Opportunity 71 DST

Birmingham, AL

Asset Class:Multi-Tenant
Leverage:0% - All-Cash/Debt-Free
Location(s):Birmingham, AL
Minimum Investment:$25,000
Current Distribution:Monthly/Inquire
Offering Type:DST
1031 Exchange Qualified:Yes

Property Description

Eastwood Village Opportunity 71 DST is a 130,056 square foot all-cash/debt-free, multi-tenant retail center in a dense and affluent submarket of Birmingham, AL. The sponsor intends to implement a value-add strategy by renewing and extending leases, increasing property curb appeal through various property level upgrades as well as the sponsor believes the property to be an opportunistic acquisition for investors due to the favorable purchase cap rate and cost per square foot. The property is shadow anchored by a high performing Walmart and is adjacent to a brand-new Amazon Distribution Facility. Eastwood Village is positioned just off the intersection of I-20 & Crestwood Blvd (SR-78), which sees a combined 78,000+ vehicles per day. The center boasts a 96% occupancy rate and is the #1 community shopping center in the market. The area has a 5-mile population of 116,944 and an average household income of $106,636.

MSA Details

The astonishing pace of Birmingham’s growth last century, earned the city its nicknames The Magic City and The Pittsburgh of the South. Today Birmingham ranks as one of the most important business and banking centers in the Southeastern U.S. and is home to Regions Financial and BBVA Compass and major auto manufacturers such as Honda, Hyundai, and Mercedes Benz. Birmingham is the cultural and entertainment capital of Alabama and hosts numerous cultural festivals showcasing music, as well as the Sidewalk Moving Picture Festival which brings filmmakers from all over the world to the city. Birmingham is a major city for higher education and home to University of Alabama at Birmingham, Samford University, Birmingham- Southern College, and Miles College. Birmingham is also the headquarters of the Southwestern Athletic Conference and the Southeastern Conference, one of the major U.S. collegiate athletic conferences.

Property Highlights

  • 3.4M annual visits, it is the #1 community shopping center in the market
  • Many of the tenants rank within the top percentile within their respective chains and are top performers
  • Eastwood Village is stabilized at 96% occupancy and includes national tenants such as Ross, Five Below, Office Depot, Michael’s, Party City, and more
  • Eastwood Village benefits from being shadow anchored by a high performing Walmart Supercenter and an array of outparcels that include tenants such as Chick-Fil-A, Starbucks, Wells Fargo, Walgreens, Regions Bank, Pep Boys, PC Bank, Waffle House, and more

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.

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Risks & Disclosures

All offerings shown are Regulation D Rule 506c offerings.

This material has been prepared for accredited investors (generally described as having a net worth of over $1 million dollars exclusive of primary residence) and accredited entities only. If you are unsure if you are an accredited investor and/or an accredited entity, please verify with your CPA and Attorney prior to considering an investment.

The information herein has been prepared for educational purposes only and does not constitute an offer to purchase securitie or real estate investments. Such offers are only made through the sponsors Private Placement Memorandum (PPM) which is solely available to accredited investors and accredited entities.

IRC Section 1031, IRC Section 1033 and IRC Section 721 are complex tax concepts, therefore you should consult your legal or tax professional regarding the specifics of your particular situation prior to considering an investment.

This material is not to be interpreted as tax or legal advice. Please speak with your own tax and legal advisors for advice/guidance regarding your particular situation.

There are risks associated with investing in real estate and Delaware Statutory Trust (DST) properties including, but not limited to, loss of entire investment principal, declining market values, tenant vacancies and illiquidity.

Investors should read the PPM carefully before investing paying special attention to the risk section.

Because investors situations and objectives vary this information is not intended to indicate suitability for any particular investor. Please speak with your CPA and Attorney to determine if an investment in real estate and DST properties is suitable for your particular situation/circumstances.

Past performance is not indicative of future returns.

Potential cash flows/returns/appreciation are not guaranteed and could be lower than anticipated.

There are significant limitations on the ability to sell or transfer interests.

Expected cash flows and returns may not be realized and a loss of invested capital is possible.

The Sponsor, Co-Sponsor, Master Tenant, Trustee & Affiliates will all receive substantial fees relating to the syndication, ongoing management and disposition of this offering.

Securities offered through FNEX Capital, member FINRASIPC.

There are important risks specific to each tenant and their respective leases, including expiration dates, early termination options, renewal options and economics relating to rents paid and expense reimbursements. Should a tenant fail to meet their obligations, terminate early or fail to renew their lease it could have a material negative impact on the financial performance of this property.