CVS Pharmacy & Pinnacle Bank Net Lease Portfolio
Single-tenant net lease retail (pharmacy + bank branches), absolute NNN property in Multi-state (3) — sponsored by ARCTRUST
WALT 11.8yr abs NNN; tenants CVS Pharmacy & Pinnacle Bank; $12.2M equity; no sales yet per 5/18/26 Form D/A
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These links support the public record as a whole; individual details may come from different sources.
What is this, in one paragraph?
ARCTRUST Exchange DST is a Delaware statutory trust — a structure that lets 1031 exchange investors hold fractional interests in real estate — owning three CVS Pharmacy stores and three Pinnacle Bank branches in Alabama, North Carolina and West Virginia, each leased absolute triple-net.3 It is raising equity under Rule 506(c), the Regulation D exemption that permits public advertising so long as every buyer's accredited status is verified.
Sponsor-reported, from SEC filings and cited sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
ARCTRUST assembled the portfolio in early 2026; a Baker 1031 offering summary reports the Trust acquired it on February 17, 2026 for an aggregate $17,709,934.2 Three CVS Pharmacy stores sit in Hoover and Millbrook, Alabama and Charleston, West Virginia, and three Pinnacle Bank branches sit in High Point, North Carolina (two) and Thomasville, North Carolina.3 CoStar reported the Hoover store was bought from The Luzzatto Co. for about $3.1 million.
- Property address
- 2301 John Hawkins Pkwy
- Property size
- ~53,000 SF / 6 properties / 9.5 ac
Who is the tenant, and what's the lease?
Two tenants cover the whole portfolio. A Baker 1031 summary says the three pharmacy leases are guaranteed by CVS Health Corporation and the branches are leased to Pinnacle Bank, a Tennessee banking corporation.2 AltsWire reports every building is leased absolute triple-net — the tenant carries taxes, insurance and maintenance — with an 11.8-year weighted average lease term.3
How are sales going?
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
Raise history appears here once sales are filed — free account required.
How is it financed, and what does it pay?
The Trust carries mortgage debt rather than owning free and clear. A Baker 1031 offering summary reports $8,855,000 of debt within total reported capitalization of $20,355,000.2 The SEC notice filings cover equity interests only and name no lender.1
Who's behind it?
ARCTRUST Private Capital, the capital-markets division of the ARCTRUST Group of Companies, sponsors net-lease programs for 1031 exchange investors and is the reported acquirer of this portfolio.3 Its investments page listed this Trust as open to new investments on September 11, 2026.4 On May 28, 2026 the firm announced a separate seven-property acquisition — CVS Pharmacy, Pinnacle Bank and NAPA Auto Parts — for a planned follow-on, ARCTRUST Exchange II DST, a different trust. AltsWire cited roughly $5.5 billion of DST equity raised by ARCTRUST Properties, Inc. through July 2026.
- Sponsor
- ARCTRUST
- May convert to a REIT
- No
- Offerings from this sponsor
- 2 active / 6 total offerings from ARCTRUST
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
Three amendments have followed the original notice. The first two carried the original terms forward unchanged; the amendment filed September 3, 2026 lowered the stated offering amount and cut estimated sales commissions from $1,010,213 to $929,440. None of the notice filings describes the properties, the leases or any loan.
- First Form D filedThe public offering record begins.
- Offering amount recordedA Form D amendment recorded offering and sales totals.
- Filing record updatedA later amendment updated the sponsor’s filing record.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Legal Trust name
- ARCTRUST Exchange DST
- Filings on record
- 4
- How it may be offered
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
- Read the filings on SEC EDGAR
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current Private Placement Memorandum before investing.
Common questions
Is CVS Pharmacy & Pinnacle Bank Net Lease Portfolio still raising money?
The sponsor’s SEC filings show the offering raising money within the past 15 months. A filing does not by itself confirm you can still buy in.
Where does Top1031 get the data for CVS Pharmacy & Pinnacle Bank Net Lease Portfolio?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
What does this Trust actually own?
Six single-tenant net-leased buildings in three states. AltsWire reports three CVS Pharmacy locations — Hoover and Millbrook, Alabama, and Charleston, West Virginia — plus three Pinnacle Bank branches, two in High Point and one in Thomasville, North Carolina, together roughly 53,000 net rentable square feet across 9.5 acres. Only the Hoover street address appears in the accessible public materials; the private placement memorandum (PPM), the offering's governing disclosure document, carries the full property schedule.
What does absolute triple-net mean here, and how long do the leases run?
In a triple-net lease the tenant pays property taxes, insurance and maintenance; in the absolute form the tenant's obligations extend further still, leaving the landlord with minimal operating duties. AltsWire reports an 11.8-year weighted average lease term across the six properties, with contractual rent increases and renewal options. Expiration dates for each individual lease do not appear in the primary filings reviewed, so the lease documents and the PPM control.
Is there a mortgage on the portfolio?
The SEC filings do not say — they describe equity interests and name no lender or loan terms. A Baker 1031 offering summary reports total capitalization of $20,355,000, made up of $11,500,000 of equity and $8,855,000 of debt. That figure comes from a secondary, distributor-published page rather than a primary record, so the loan, its lender and its terms are items to confirm in the PPM and the loan documents.
What is the minimum investment, and who can invest?
The issuer's Form D reports a $50,000 minimum investment. The Trust is offered under Rule 506(c), which limits purchasers to accredited investors — broadly, individuals meeting SEC income or net-worth tests — and requires the sponsor to verify that status before accepting a subscription rather than taking the buyer's word for it. Minimums in a DST can differ for 1031 exchange money versus cash investors, so the figure that applies to a given buyer is the one in the PPM and subscription documents.
Why does the offering size differ across the SEC filings?
The issuer revised it. The March 17, 2026 Form D and the two amendments that followed each reported a $12,245,000 offering with estimated sales commissions of $1,010,213; the amendment filed September 3, 2026 lowered both, cutting the commission estimate to $929,440. The filing timeline on this page shows each date, and the current reported amount appears in the offering figures above. Third-party pages that publish a total capitalization number are describing equity plus debt, which is not the same as the equity amount reported to the SEC.
Is this the same portfolio ARCTRUST announced in May 2026?
No. ARCTRUST announced on May 28, 2026 that it had acquired a seven-property net-lease portfolio of CVS Pharmacy, Pinnacle Bank and NAPA Auto Parts sites for a planned offering called ARCTRUST Exchange II DST. This Trust — ARCTRUST Exchange DST, CIK 2113030 — holds six properties leased to CVS Pharmacy and Pinnacle Bank only, with no NAPA Auto Parts locations. A Baker 1031 summary reports this trust was formed on February 5, 2026 by ARCTRUST Exchange Holdings LLC.