Cove Net Lease Distribution 57 DST
|Asset Class:||Single Tenant Net Lease
|Leverage:||0% - All-Cash/Debt-free|
|1031 Exchange Qualified:||Yes|
Net Lease Distribution 57 DST is an all-cash/debt-free FedEx Ground distribution center in the tax-free state of Nevada. The tenant recently extended its lease term showing strong commitment to the location. FedEx Ground is a direct beneficiary of the E-commerce boom and has remained an anchor for DST investors portfolios by paying rent during the entire COVID-19 pandemic*. FedEx Ground is the fastest growing and most profitable subsidiary of FedEx Corporation. The offering is an all-cash/debt-free DST investment with no risk of a lender foreclosure. In addition, all-cash/debt-free DSTs eliminate the risk of taking on equal or greater debt in future 1031 exchanges. This provides flexibility to hold through any potential market downturns, credit crunches, recessions and/or depressions.
Elko is the largest city in and county seat of Elko County, Nevada, United States. With a 2020 population of 20,564, Elko is currently growing at a rate of 0.31% annually and its population has increased by 11.86% since the 2010 Census, which recorded a population of 18,297.
- Tax-Free state of Nevada
- Essential Location for FedEx Ground
- Building size: 11,482 sq. ft.
- Essential Business - Tenant remained open and paying rent throughout the entire COVID-19 Pandemic
- FedEx Ground is the fastest growing and most profitable subsidiary of FedEx Corporation* (NYSE: FDX)
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.