Cove Net Lease Industrial 77 DST
TX & AR
Asset Class: | Industrial Portfolio |
Leverage: | 0% - All-Cash/Debt-Free |
Location(s): | TX & AR |
Minimum Investment: | $25,000 |
Current Distribution: | Monthly/Inquire |
Offering Type: | DST |
1031 Exchange Qualified: | Yes |
Property Description
Net Lease Industrial 77 DST is an all-cash/debt-free offering featuring a FedEx Ground and two Frito-Lay distribution centers. FedEx Ground is the fastest growing and most profitable subsidiary of FedEx Corporation (NYSE:FDX) that holes investment grade ratings by Standard & Poor’s and Moody Investor Services with BBB and Baa2 ratings respectively. Frito-Lay is a market leader of the snack industry nationwide and is owned by PepsiCo (NASDAQGS: PEP) that maintains an A+ credit rating. 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 exchanges
MSA Details
The properties are located in El Dorado, AR; Greenville, TX; Athens, TX
Property Highlights
- All-Cash/Debt-Free Offering
- 3 property portfolio, tenants include FedEx Ground and Frito-Lay (PepsiCo.)
- 100% occupied
- No risk of balloon mortgages, prepayment penalties, go dark clauses, cash flow sweep clauses, foreclosure clauses, and other risks associated with leverage
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.