Cove Net Lease Distribution 53 DST

Rochester, NY


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

Property Description

Cove Net Lease Distribution 53 DST is a built to suit FedEx distribution center that was built in 1997. The Tenant FedEx Express recently executed a long-term lease extension demonstrating strong commitment to the location.Corporately guaranteed by FedEx Corp. (NYSE:FDX). The property is located next door to a future 2.6 million sq ft Amazon warehouse and distribution facility with an estimated cost of $412 million. The offering is an all-cash/debt-free DST investment with no risk of a lender foreclosure.

MSA Details

Rochester, NY is a history-rich Erie Canal boomtown complimented by sources like Kiplinger, Fortune, and CNN Money on everything from being brainy to having an incomparable commute. It is the birthplace of Fortune 500 firms Eastman Kodak, Xerox Corp., and Bausch & Lomb. It is home to wine giant, Constellation Brands, whose CEO was named Man of the Year by Wine Enthusiast; as well as an upscale grocer, Wegmans Food Markets, consistently ranked among Fortune’s “Top 100 Companies to Work For.” Some of the country’s finest educational institutions, including eleven public high schools, ranked among the Best High Schools in America, are located in Rochester.

Property Highlights

  • Lease Guaranteed by Federal Express Corp. With a BBB rating by S&P
  • Tenant Has a $37.5 Billion Dollar Market Cap
  • All-Cash / Debt-Free DST
  • 111,741 Square Feet
  • Essential Business Tenant that Paid Rent Throughout COVID-19 Pandemic
  • 100% Occupied

Source: Indication of Interest

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.