Cove Florida Net Lease 61 DST

St. Augustine, FL

Asset Class:Single Tenant Net Lease
Leverage:0% - All-Cash/Debt-free
Location(s):St. Augustine, FL
Minimum Investment:$50,000
Current DistributionMonthly/Inquire
Offering Type:DST
1031 Exchange Qualified:Yes

Property Description

  • All-Cash/Debt-Free offering in St. Augustine, FL.
  • Brand New 20-Year Corporate Backed Net Lease w/ 2% Annual Increases. Lease Thru: 12/6/2042
  • Full Corporate Guarantee for the Duration of the Lease from Higher Ground Education (Parent Company of Guidepost Montessori).
  • 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. HGE was Valued at $250 Million in 2021.
  • Higher Ground Education, Inc. is the parent company of Guidepost Montessori, and the guarantor of this property's lease. They are based in Lake Forest, California and have backing from Learn Capital, the largest venture capital group in the educational space.

MSA Details

Population Counts Within a 1-Mile Radius Are Projected to Grow 29% by 2027. Average Household Income of $149k+ in a 5-Mile Radius is expected to reach $172k+ over the Next 5 Years. Heavily Trafficked Location Just Two Blocks from Interstate-95 (84k VPD) at the intersection of International Golf Parkway and North Francis Road (13k VPD). This Property is Located Between Two New Housing Developments and is Adjacent to a 78k Square Foot Business Park. Nearby National Brands Include Wendy’s, Publix, Walgreens, Costco Wholesale, and CubeSmart Self Storage.

Property Highlights

  • All-Cash / Debt-Free DST Offering
  • Brand New 20-Year Corporate Net Lease with Annual Rental Increases
  • Guidepost Montessori has 95+ Locations Nationally and Locations Globally, Growth of 40+ Schools Annually, and Plans to Grow to 500+ Locations by 2026
  • Full Corporate Guaranty for the Duration of the Lease from Higher Ground Education (Parent Company of Guidepost Montessori)
  • 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.

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.