Cove Essential Net Lease Portfolio 88 DST
CA, NH, & IA
| Asset Class: | Single Tenant Portfolio |
| Leverage: | 0% - All-Cash/Debt-Free |
| Location(s): | CA, NH, & IA |
| Minimum Investment: | $100,000 |
| Offering Type: | DST |
| 1031 Exchange Qualified: | Yes |
Property Description
Essential Net Lease Portfolio 87 DST is an all-cash/debt-free offering featuring three properties covering multiple asset classes, tenant companies, and geographic regions. The tenants are considered essential businesses that stayed open, paying rent during pandemics and recessions including two FedEx Ground distribution centers. FedEx Ground is the fastest growing and most profitable subsidiary of FedEx Corporation (NYSE:FDX). This offering is an all-cash/debt-free DST investment with no risk of a lender foreclosure or need of taking on more debt in future 1031 exchanges. The tenant at each location has recently shown a strong level of commitment by recently signing lease extensions.
MSA Details
The properties are located in Encintas, CA; Littleton, NH; and Mason City, IA
Property Highlights
- All-Cash/Debt-Free Offering
- Sponsor Co-Investment
- 100% Occupied
- 3 Long-term net leased assets
- 105,668 combined square feet
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.
