Cove Tractor Net Lease 60 DST

West Palm Beach MSA, FL

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

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Property Description

Tractor Net Lease 60 DST is an all-cash/debt-free offering featuring a brand-new construction (2021) net lease property built-to-suit for Tractor Supply Co. 100%leased and guaranteed by Tractor Supply Company (NASDAQ:TSCO). On a brand new 15-year net lease with built-in rental increases and lease renewal options. The tenant Tractor Supply Co is an investment grade tenant with over 2,000 stores across the US and a BBB credit rating by Standard and Poor’s. Located in the West Palm Beach MSA, the property is in a high traffic location off the North Military Trail which sees over 34,000 vehicles per day. This offering is an all-cash/debt-free DST investment with no risk of a lender foreclosure or need for taking on more debt in future 1031 exchanges.

MSA Details

The city of Riviera Beach is located along the Atlantic shores of southeast Florida in Palm Beach County, just a 10 minute drive north of West Balm Beach. With a population of more than 30,000 residents, Riviera Beach is home to one of the most impressive beaches in the southeastern United States. Riviera Beach is a growing harbor city located along the shores of the Atlantic Ocean in southeast Florida, USA. It is home to the Port of Palm Beach and a United States Coast Guard station, and has its own marina. Riviera Beach is home to Blue Heron Bridge, one of the country's top-rated beach dive sites.

Property Highlights

  • All-Cash / Debt-Free Offering
  • 15 Year Net Lease - Leased through 2037
  • 19,097 Square Feet; 100% Occupied
  • Tenant Has a $23.8 Billion Dollar Market Cap
  • Tenant Credit Rating BBB by Standard and Poor’s
  • Directly off North Military Trail which sees over 34,000 VPD

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 FINRA, SIPC.

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.