Cove Rogers Business Park 73 DST

Fulshear, TX

Asset Class:Multi-Tenant
Leverage:0% - All-Cash/Debt-Free
Location(s):Fulshear, Tx
Minimum Investment:$25,000
Current Distribution:Monthly/Inquire
Offering Type:DST
1031 Exchange Qualified:Yes

Property Description

Rogers Business Park 73 DST is an all-cash/debt-free offering that consists of a 96.41% occupied 83,669 square foot, multi-tenant flex industrial and mixed-used center. The property is strategically located along FM 359 and features brand new leases and dynamic tenancy. Sitting at the corner of Rogers Rd and FM 359, just north of downtown Fulshear, the Property is strategically positioned in the direct path of growth. Fulshear is also part of the Houston MSA, which saw the second- largest population spike among major metros in the U.S. between the summers of 2021 and 2022, trailing only the Dallas-Fort Worth area, according to an analysis of census data released earlier this month by the Greater Houston Partnership.

MSA Details

The Houston area, defined as a nine-county region that includes suburbs such as Sugar Land and The Woodlands, had a population gain of about 124,300 between July 1, 2021, and July 1, 2022, according to the analysis by the Greater Houston Partnership, which is an economic development organization. The year-to-year increase was the region’s most significant since 2016 and represented a rebound from relatively slow growth during the early stages of the COVID-19 pandemic, with the Houston area seeing below-average gains of about 75,000 residents during each of the previous two years. The analysis attributed two-thirds of Houston’s most recent population growth to net immigration – with the region seeing more than 85,000 people move in from other parts of the country and world.

Property Highlights

  • All-Cash & Debt-Free Offering
  • Located in Texas - a pro-business and income tax free state
  • 96.41% occupied with recent tenant lease extensions with renewals, showing strong commitment to the location
  • Purchased below replacement cost
  • 721 exchange rollup as a potential exit strategy
  • Within 1 mile of the Property, there are 7 additional master-planned communities being developed, set to deliver over 9,000 new homes

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.

Featured Properties



  • Single Tenant Net Lease
  • 0% - All-Cash/Debt-free
  • 1031 Exchange Qualified
Learn More



  • Frankfort, NY
  • 0% - All-Cash/Debt-free
  • 1031 Exchange Qualified
Learn More



  • Dallas-Fort Worth MSA
  • 0% - All-Cash/Debt-free
  • 1031 Exchange Qualified
Learn More

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.