Cove Medical Net Lease 43 DST

Columbus, GA

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Asset Class:Single Tenant Net Lease
Leverage:0% - All-Cash/Debt-free
Location(s):Columbus, GA
Minimum Investment:$50,000
Current Distribution:Monthly/Inquire
Offering Type:DST
1031 Exchange Qualified:Yes

Property Description

Cove Medical Net Lease 43 DST is a unique opportunity to invest in a completely renovated medical center that is leased on a 20-year NNN basis to Dialysis Clinic Inc (DCI), with 17 years remaining on the lease. The tenant, Dialysis Clinic Inc. is one of the only non-for-profit kidney care company in the United States serving more than 14,000 patients in more than 230 locations.

Located on a major east-west retail corridor connecting to downtown Columbus with close proximity to two major hospitals: St Francis Hospital & Piedmont Columbus Regional. Less than 5 miles from Columbus International Airport and a plethora of retail options.

MSA Details

Columbus is a city in western Georgia with a population of approximately 194,000 residents. It is ranked the third largest city in Georgia – after Atlanta and Augusta – in the fourth largest Metropolitan Statistical Area (MSA) in the state. Columbus is located in Chattahoochee County along the Chattahoochee River which defines the border of the states of Georgia and Alabama. The largest employer in the MSA is the US Army’s Fort Benning with 38,958 employees followed by Muscogee County School District (6,300) along with the national headquarters of Total System Services (4,690) and Aflac (3,670). Demand for Columbus’ 61.5 million SF of retail space is high as evident by a 96.6% occupancy rate. To meet the strong demand, there is nearly 324,000 SF of retail space under construction within the city.

Property Highlights

  • State of the Art Dialysis Clinic renovated in 2018
  • New 20-year lease commenced in May 2018; 17 years remaining on original lease
  • 10% rent increases every ten years
  • 2018 renovation-to-suit for DCI
  • Located on a major east-west retail corridor connecting to downtown Columbus
  • Close proximity to two major hospitals: St. Francis Hospital & Piedmont Columbus Regional
  • Two miles southwest of major shopping center; Peachtree Mall, and other national tenants such as Chik-Fil-A, Walmart, Dunkin Donuts, KFC and Del Taco
  • Less than 5 miles to Columbus International Airport & 100 miles south of Atlanta

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.