Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
ARCTRUST Somerset Pharmacy DST is a Delaware statutory trust holding one free-standing retail pharmacy building in Somerset, New Jersey, leased to CVS.1 A DST lets 1031 exchange investors hold fractional interests in real estate that count as like-kind replacement property. The sponsor's site now groups the Trust with its closed-to-new-investment offerings, though the SEC file has not been amended since December 2022.2
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These links support the historical public record; individual details may come from different 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?
The Trust holds a single free-standing retail pharmacy building in Somerset, New Jersey, occupied by CVS. An undated AltsWire directory entry is the source of the building and land measurements shown below.3 No acquisition date or purchase price is established in the Form D record or in reviewed sponsor material, and the exact street address could not be publicly tied to this Trust; a 2018 ARCTRUST announcement of a Somerset CVS purchase is a lead, not proof.
- Reported location
- Somerset, NJ
- Property size
- 12,900 square feet on 2.25 acres
Who is the tenant, and what's the lease?
CVS is the sole tenant. An undated AltsWire directory entry describes a bonded triple-net lease — the tenant carries taxes, insurance and maintenance, and rent continues after a casualty — with roughly 12 years then remaining on the base term.3 The lease itself is not public; the PPM, the private offering document, governs.
How did it end?
No sale or other ending on record
ARCTRUST Private Capital's own website lists the ARCTRUST Somerset Pharmacy DST (CVS, Somerset, NJ) as a '2022-PRESENT DST OFFERING' under 'Closed to New Investments,' indicating the trust still owns and operates the property with no sale or conversion announced [1][2].
Sponsor identifies a 2022-present retail DST with CVS as tenant in Somerset, NJ; AltsWire describes a 12,900 sq ft building on 2.25 acres. Sponsor page is labeled closed to new investments, but no dated news evidence of full subscription or closure was found; exact street address could not be publicly tied to this trust.
12,900 square feet on 2.25 acresHow is it financed, and what does it pay?
No lender, loan amount, or debt structure for this Trust appears in its Form D filings or in the reviewed sponsor material, so whether the property carries a mortgage or is held free of debt is not publicly established. Form D does not require that disclosure; a PPM would.
Who's behind it?
ARCTRUST markets its 1031 exchange programs through ARCTRUST Private Capital, which lists this Trust as a 2022-present retail offering tenanted by CVS in Somerset, New Jersey and labels the page closed to new investments.2 No dated announcement of a final closing or of full subscription was found, and the SEC file has not been amended since December 2022 — so the sponsor's label and the public filing record do not line up cleanly.
- Sponsor
- ARCTRUST
- Legal Trust name
- ARCTRUST Somerset Pharmacy DST
- 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?
Two filings make up the entire record: an initial notice of the offering and one amendment that updated the sales figures. The Trust is sold under a private-placement exemption that bars general advertising and limits participation to accredited investors — people meeting SEC income or net-worth tests — with a stated $50,000 minimum per investor.
- First Form D filedThe public offering record begins.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Filings on record
- 2
- How it may be offered
- Rule 506(b)Not advertised publicly. Offered through existing relationships.
- 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
What happened to Somerset Pharmacy?
Top1031 lists Somerset Pharmacy as historical. It is no longer raising money.
Where does Top1031 get the data for Somerset Pharmacy?
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 open to new investors?
The signals conflict. ARCTRUST Private Capital's page for the Trust is labeled closed to new investments as of an August 24, 2026 review, while the SEC record contains only an initial Form D dated July 15, 2022 and one amendment dated December 6, 2022, and that amendment did not report the offering as fully subscribed. No dated news evidence of a final closing or full subscription was found. Anyone mid-exchange should confirm current availability directly with the sponsor.
Who is the tenant, and what does a bonded triple-net lease mean?
CVS occupies the building. In a triple-net lease the tenant pays property taxes, insurance and maintenance rather than the landlord. An undated AltsWire directory entry describes the lease as bonded with about 12 years then remaining on the base term, meaning CVS is also responsible for rent continuation following a casualty. The actual lease terms are set out in the PPM, the private offering document, not in any public filing.
Does the property carry a mortgage?
Not established publicly. Form D filings do not disclose property-level debt, and no lender, loan balance, or all-cash designation for this Trust appears in the reviewed sponsor or third-party material. The PPM would state the financing structure and any loan terms.
Can this Trust be rolled into a REIT at exit?
No 721/UPREIT feature — the arrangement in which DST interests are later contributed to a REIT operating partnership in exchange for OP units — is indicated for this Trust. Exit mechanics for a single-tenant DST typically depend on a sale of the property, and the PPM governs.
What is the minimum investment, and who can participate?
The Form D filings state a $50,000 minimum outside investment. Participation is limited to accredited investors under the private-placement exemption used here, which also bars general advertising, so the offering is made through the sponsor's existing relationships rather than public marketing.