Cove Florida Net Lease 72 DST

Hollywood (Miami), FL

Asset Class:Single Tenant Net Lease
Leverage:0% - All-Cash/Debt-Free
Location(s):Hollywood (Miami), FL
Minimum Investment:$25,000
Current Distribution:Monthly/Inquire
Offering Type:DST
1031 Exchange Qualified:Yes

Property Description

Florida Net Lease 72 DST is a recently renovated (2023) property with a 20-year NNN lease to Guidepost Montessori and has a full corporate guaranty from Guidepost’s parent company, Higher Ground Education. Higher Ground Education has doubled revenue each year since 2016, paid full rent for all of its Schools throughout the pandemic, and has seen enrollments double since 2020. The Property is located in Hollywood, FL which is part of the Miami MSA, is in proximity to schools, golf clubs, medical centers, residential, and national brands include Publix, Harbor Freight, Burger King, O'Reilly, and more.

MSA Details

The city of Hollywood is a beach-front community located in southeastern Broward County, midway between Miami and Fort Lauderdale. Hollywood is approximately 30 square-miles in size and is Broward’s third-largest municipality with a population of roughly 153,000 residents. Hollywood is home to 32 public and charter elementary, middle and high schools. Students take advantage of the wide range of award-winning magnet programs including S.T.E.M., the Cambridge Advanced International Certificate (AICE), Communication and Broadcasting, Military Academy, Health and Wellness, Montessori and several others. All public schools located within the city of Hollywood are operated by the School Board of Broward County. Hollywood also has 13 private schools and a number of career schools. Nationally renowned higher learning institutions such as Barry University, Nova Southeastern University and City College have research and educational facilities in Hollywood. Hollywood has steadily grown into a dynamic business hub with more than 10,000 companies in the city. Approximately 80 percent of Port Everglades, the world’s second-busiest cruise port, is located in Hollywood and the port is home to Royal Caribbean’s Allure of the Seas and Oasis of the Seas, the largest cruise liners in the world. Hollywood also provides easy access to Fort Lauderdale/Hollywood International Airport and Miami International Airport, a major gateway to Latin America. Hollywood is also home to the Memorial Healthcare System, the nation's fifth-largest healthcare network, its flagship hospital, Memorial Regional, and the Joe DiMaggio Children's Hospital, the largest free-standing children's healthcare facility in Broward County.

Property Highlights

  • Florida is an Income-Tax Free State
  • Guidepost Montessori is the largest corporate Montessori school operator in the U.S. with 120+ locations nationally and globally
  • $3.8 million in improvements underway- tenant is currently paying rent
  • Full corporate guaranty for the duration of the lease from Higher Ground Education (Parent Company of Guidepost Montessori)

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.