Phoenix DST 3-property net lease portfolio

Retail net lease property in Queen Creek, AZ — sponsored by ARCTRUST

Minimum investment
$50k
Offering size
$10.3M
How much has sold
89.0%
Asset type
Retail net lease property
Location
Queen Creek, AZ
Financing
Not stated. The filings for this offering do not say whether it carries mortgage debt.

Sponsor-reported, from SEC filings and cited sources.

Chapter 1

What is this, in one paragraph?

ARCTRUST Phoenix DST is a Delaware statutory trust — a structure letting 1031 exchangers hold fractional interests in real estate — holding three single-tenant retail buildings in metro Phoenix leased to Harbor Freight, Salad & Go and Advance Auto Parts. As of September 2, 2026 the sponsor's investments page marks the offering closed to new investments.1 Salad & Go's operator filed Chapter 11 on August 4, 2026.2

Phoenix DST 3-property net lease portfolio image

Up to $10.2M equity; min $50k; 506(c) accredited; 100% leased; tenants: Harbor Freight, Salad & Go, Advance Auto

Show sources (5)Hide sources (5)

These links support the public record as a whole; individual details may come from different sources.

City-level mapQueen Creek, AZ metroCity-level location. Exact address not publicly confirmed.

On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.

Chapter 2

What exactly is the property?

The Trust holds three single-story, freestanding, single-tenant retail buildings in the Phoenix metropolitan area — one in Queen Creek and two in Peoria, on Deer Valley Road and Thunderbird Road — each reported 100% leased in ARCTRUST's November 1, 2023 launch release.3 The parcels run roughly 1.631, 1.227 and 0.811 acres.3 No filing or sponsor material reviewed states a purchase price or an acquisition date for any of the three.

Property address
21244 East Ocotillo Road, Queen Creek, AZ
Property size
23,243 SF total (15,301 / 815 / 7,127 SF)
Chapter 3

Who is the tenant, and what's the lease?

Each building is net leased, meaning the tenant rather than the Trust carries operating costs; the leases run to Harbor Freight Tools, General Parts Distribution (Advance Auto Parts) and And Go Concepts (Salad & Go).3 KOLD reported on September 1, 2026 that 7 Brew won the auction for 73 closed Salad and Go stores, including the Deer Valley Road site.

Chapter 4

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.

How we work out how much has sold

We divide the amount the sponsor reports sold by the offering size in its latest SEC filing, filed Mar 17, 2026.

  • The sponsor reports these amounts itself, and can amend them later.
  • A filing can be behind what has actually sold. It does not confirm that interests are still available.
  • The amount left to sell is the offering size minus the amount sold.
89.0% reported sold
Amount sold
$9,182,272
Still available
$1,087,728
Investors reported
28
Total offering
$10,270,000
Amount soldInvestors
Sep 28, 2023Mar 17, 2026
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Chapter 5

How is it financed, and what does it pay?

Nothing in the Form D notices or the sponsor material reviewed names a lender or a mortgage amount, so leverage is unresolved in the public record. Any loan would be described in the PPM, the private placement memorandum given to prospective investors. Debt matters because a 1031 exchanger generally must replace it.

Chapter 7

What does the paperwork say?

The original notice has been amended twice, each amendment reporting additional equity sold. All three notices list estimated sales commissions of $924,300. The exemption claimed here permits public advertising of the offering only where the issuer takes reasonable steps to verify that every purchaser is accredited.

  1. First Form D filedThe public offering record begins.
  2. Offering amount recordedA Form D amendment recorded offering and sales totals.
  3. Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
Filings on record
3
How it may be offered
Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.

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.

Chapter 8

Common questions

Is Phoenix DST 3-property net lease portfolio still raising money?

Top1031 lists Phoenix DST 3-property net lease portfolio as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.

Where does Top1031 get the data for Phoenix DST 3-property 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.

Is this Trust still accepting investors?

The sponsor now says no. ARCTRUST Private Capital's investments page, reviewed September 2, 2026, carries the ARCTRUST Phoenix DST card marked "Closed to New Investments," dating the offering 2023–present. The most recent SEC filing is a Form D amendment dated March 17, 2026, and it does not describe the offering as fully subscribed. A Form D is only a notice filing and is not required to be updated when a raise closes, so the SEC record and a sponsor page routinely disagree. Anyone working a 45-day identification deadline would confirm current availability directly with the sponsor or a selling broker-dealer.

What happened to the Salad & Go building?

Salad & Go's operator, And Go Concepts, LLC, is a Chapter 11 debtor in Case No. 26-90753, filed August 4, 2026 in the U.S. Bankruptcy Court for the Southern District of Texas. The Portland Business Journal reported on August 24, 2026 that all stores closed on August 5. Law360 reported on August 18, 2026 that a Texas bankruptcy judge agreed to approve bidding procedures for October lease auctions; KTAR reported on September 1, 2026 that 7 Brew made the winning bid of $143.18 million for 73 former locations, beating Dutch Bros.' $105 million offer, and KOLD's September 1, 2026 report lists 8268 W. Deer Valley Road in Peoria — this Trust's building — among the affected sites. Whether that specific lease is assumed, assigned or rejected, and on what terms, is not settled in the sources reviewed.

What are the three properties?

Per the Trust's records and ARCTRUST's November 1, 2023 launch release: 21244 East Ocotillo Road in Queen Creek, a 15,301-square-foot building leased to Harbor Freight Tools USA; 8268 West Deer Valley Road in Peoria, an 815-square-foot drive-through building leased to And Go Concepts, operating as Salad & Go; and 7473 West Thunderbird Road in Peoria, a 7,127-square-foot building leased to General Parts Distribution, operating as Advance Auto Parts. All three were described as single-story, freestanding, single-tenant buildings in the Phoenix MSA, totaling 23,243 square feet.

What is the minimum investment, and who can invest?

The Form D filings report a $50,000 minimum investment, most recently in the amendment dated March 17, 2026, and the sponsor's launch release stated the same minimum. The offering is made under Rule 506(c), the Regulation D exemption that permits general advertising only if the issuer takes reasonable steps to verify that each purchaser is an accredited investor — meaning the buyer meets SEC income or net-worth tests rather than merely self-certifying.

Is the Trust leveraged?

The sources reviewed do not say. The March 17, 2026 Form D amendment reports an equity offering and names no loan amount or lender, and no sponsor material reviewed discloses a mortgage balance or maturity. Silence in a Form D is not evidence that the properties are debt-free. Any mortgage and its terms would be described in the private placement memorandum. Debt level matters in a 1031 exchange because an exchanger generally must replace debt as well as equity.

Could this Trust roll into a REIT at exit?

Nothing in the filings or sponsor materials reviewed indicates a 721/UPREIT exit, in which a DST's property is contributed to a REIT's operating partnership in exchange for units rather than cash. Top1031 records this Trust as having no stated REIT conversion path. The exit path described in the private placement memorandum governs.

Chapter 9

In the news

Chapter 11

What can I do next?

Check the source documents, compare this offering with other public records, or ask a licensed specialist about the facts shown here.