Cove Net Lease Distribution 69 DST

Luling, LA

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

Property Description

Net Lease Distribution 69 DST is a brand new construction industrial net leased to a PepsiCo subsidiary as a product distribution and logistics center. PepsiCo generated $79 billion in net revenue in 2021 and the property has a 10-year net lease with annual rental increases and two 5-year extension options. Located in the greater New Orleans market, Luling is part of St. Charles Parish with $17 billion industrial projects currently underway with the 9th fastest gross domestic product growth in America in 2021-2022.

MSA Details

In 2021, Luling, LA had a population of 14.1k people with a median age of 37.2 and a median household income of $75,127. Between 2020 and 2021 the population of Luling, LA declined from 14,522 to 14,115, a −2.8% decrease and its median household income grew from $73,004 to $75,127, a 2.91% increase. The 5 largest ethnic groups in Luling, LA are White (Non-Hispanic) (69.2%), Black or African American (Non-Hispanic) (20.9%), Other (Hispanic) (2.55%), White (Hispanic) (2.3%), and Two+ (Non-Hispanic) (1.99%). None of the households in Luling, LA reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household. 98.5% of the residents in Luling, LA are U.S. citizens. In 2021, the median property value in Luling, LA was $217,900, and the homeownership rate was 84%. Most people in Luling, LA drove alone to work, and the average commute time was 25.4 minutes. The average car ownership in Luling, LA was 2 cars per household.

Property Highlights

  • Brand new construction industrial net lease asset
  • Product distribution and industrial logistics center for PepsiCo
  • All-Cash Debt-Free DST Offering - no risk of lender foreclosure
  • 27,000 square feet
  • 10-year net leased offering with annual rental increases and two 5-year extension options
  • 721 Exchange Roll-Up as a potential exit strategy

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.