Cove NorthPark Shopping Center Opportunity 78 DST

Monticello, AR


Asset Class:Multi-Tenant
Leverage:0% - All-Cash/Debt-Free
Location(s):Monticello, AR
Minimum Investment:$25,000
Offering Type: DST
1031 Exchange Qualified:Yes

Property Description

NorthPark Shopping Center Opportunity 78 DST is a 71,068 SF regional retail center that is 95% occupied and shadow-anchored by Walmart. The property ranks as the #1 most visited shopping center in a 50-mile radius and sees 3.4M annual visits. 60% of the center is leased to strong national brands such as CATO, Hibbett Sports, It’s Fashion Metro, Pizza Hut, and Rent-A-Center and have an average tenant tenure of 21 years. Its proximity to major transportation routes, including the intersection of Highways 425 and 278, positions it advantageously for commercial and industrial activities.

MSA Details

Monticello, Arkansas, located in the southeastern region of the state, serves as a pivotal economic hub that capitalizes on its strategic location. Its proximity to major transportation routes, including the intersection of Highways 425 and 278, positions it advantageously for commercial and industrial activities. The city is a cornerstone of Drew County and is an essential node within the broader economic landscape of Southeast Arkansas. The economic drivers of Monticello are multifaceted, comprising healthcare and social assistance, education, and public administration. The city’s economy benefits significantly from the healthcare sector, which is the largest employer, reflecting the community’s investment in social services and healthcare infrastructure. Educational services, anchored by the University of Arkansas at Monticello, not only drive employment but also contribute tothe city’s vibrancy and draw a continuous influx of students and professionals to the area. The Monticello Economic Development Commission (MEDC) plays a crucial role in shaping the commercial real estate landscape. Owning strategic assets such as a 50,000 square foot speculative building and public rail access, MEDC is instrumental in attracting and retaining businesses. Real estate investors and commercial developers will find Monticello ripe with opportunities, thanks to its strategic location, growing economy, and supportive economic development initiatives.

Property Highlights

  • All-Cash/Debt-Free Offering
  • 95% occupied, 71,068 SF regional retail center with 3.4M annual visits
  • Purchased below replacement cost
  • Walmart shadow-anchored retail center
  • Recent tenant lease extensions and renewals, showing strong commitment to the location

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.

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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.