Cove Essential Net Lease 81 DST
NC, GA, FL
| Asset Class: | Single Tenant Net Lease Portfolio |
| Leverage: | 0%/100% Debt-Free |
| Location(s): | NC, GA, FL |
| Minimum Investment: | $25,000 |
| Current Distribution: | Monthly/Inquire |
| Offering Type: | DST |
| 1031 Exchange Qualified: | Yes |
Property Description
Essential Net Lease 81 DST is an all-cash/debt-free offering featuring a Tractor Supply Company, a Frito-Lay distribution center, and a Sunbelt Rentals. Tractor Supply is the largest retail farm and ranch store in the U.S. with over 2,016 stores in 49 states with a BBB credit rating by Standard and Poor’s. Frito-Lay is a market leader of the snack industry nationwide and is owned by PepsiCo (NASDAQGS: PEP) that maintains an A+ credit rating. Sunbelt Rentals is a leader in the general equipment and tool rental with over 1,100 locations nationwide and a BBB- credit rating by S&P. 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 exchange.
MSA Details
The three properties are located in Jackson, GA; Elkin, NC; and Gainesville, FL.
Property Highlights
- All-Cash/Debt-Free Offering
- Diversified portfolio if three properties covering multiple asset classes, tenant companies, and geographic regions
- Tenants include Tractor Supply Co., Sunbelt Rentals, and Frito-Lay
- Corporate Back Net Leases
- 100% occupied
- 721 Exchange Rollup as a potential exit strategy
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.
