Cove Essential Net Lease Industrial 116 DST
Industrial (net lease distribution) property in Paducah, KY — sponsored by Cove Capital Investments
Files with the SEC as Essential Net Lease Industrial 116 DST
Minimum investment
$1k
Offering size
$14.6M
How much has sold
53.0%
Asset type
Industrial (net lease distribution) property
Location
Paducah, KY
Financing
All cash. This offering reports no mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Cove Essential Net Lease Industrial 116 DST is a Delaware statutory trust — passive fractional ownership that can serve as 1031 replacement property — holding an industrial distribution facility in Paducah, Kentucky. Cove Capital Investments announced on June 1, 2026 that it had acquired the building in a 100% debt-free transaction, fully leased to a logistics company under a newly executed long-term extension.1 The Trust is raising now.
Debt-free (0% LTV); $14,554,008 equity target; 100% leased to logistics company on new long-term extension; optional 721 UPREIT
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These links support the public record as a whole; individual details may come from different sources.
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What exactly is the property?
The Trust's only asset is an industrial distribution facility that Cove Capital Investments said on June 1, 2026 it had acquired for this offering, describing it as a primary operation in its market and critical to the tenant's distribution network.1 Public disclosure stops at city, state, and asset type: as of August 14, 2026, no street address, square footage, year built, purchase price, or closing date appears in the sponsor's release or in the Form D.
- Reported location
- Paducah, KY
Who is the tenant, and what's the lease?
Cove Capital reports the building is 100% leased to a leading logistics company under a newly executed long-term lease extension, without naming the operator.1 No public document states the lease commencement, expiration, term length, or which party carries taxes, insurance, and structural repairs — the division that defines a net lease.
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.
53.0% reported sold
- Amount sold
- $7,651,669
- Still available
- $6,902,339
- Investors reported
- 26
- Total offering
- $14,554,008
Not enough filings yet to show a trend.
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How is it financed, and what does it pay?
Debt-free means no mortgage and no lender: nothing to refinance, no loan maturity date, and no borrowed money magnifying results in either direction. Cove Capital said the acquisition it announced on June 1, 2026 closed 100% debt-free, with no mortgage on the property.1
- Financing
- All cash. This offering reports no mortgage debt.
Who's behind it?
Cove Capital Investments specializes in DSTs that own their real estate without mortgage debt. In a July 17, 2026 press release the firm said it had sponsored more than $1.13 billion in transactions across 137 properties and 4.29 million square feet, with about $206.3 million returned to investors and an 11.01% average annualized return across completed DST cycles, all without leverage. Connect Money reported on August 10, 2026 that Cove acquired a Michigan corporate headquarters for another DST.
- Sponsor
- Cove Capital Investments
- Legal Trust name
- Essential Net Lease Industrial 116 DST
- May convert to a REIT
- Yes
- Offerings from this sponsor
- 24 active / 57 total offerings from Cove Capital Investments
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
One Form D and no amendments: nothing has been filed to revise the original terms, so the figures in that single filing describe a moment in May 2026, not today. Rule 506(c) means the offering may be advertised publicly, but the sponsor must independently verify each buyer's accredited-investor status rather than accept self-certification.
- Form D filedFirst and latest filing on record.
- Filings on record
- 1
- 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 Cove Essential Net Lease Industrial 116 DST still raising money?
Top1031 lists Cove Essential Net Lease Industrial 116 DST 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 Cove Essential Net Lease Industrial 116 DST?
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 "debt-free" mean for this Trust?
Cove Capital announced on June 1, 2026 that it acquired the Paducah facility in a 100% debt-free transaction, with no mortgage on the property. There is no lender, no loan maturity, and no refinancing event to plan around. It also means the Trust supplies no mortgage debt of its own, so an exchanger who paid off a loan on the property they sold has no Trust-level debt to count toward replacing it.
Who is the tenant?
Cove Capital describes the building as 100% leased to a leading logistics company under a newly executed long-term lease extension, but the June 1, 2026 release does not name the operator, and the Form D does not either. The Private Placement Memorandum — the offering's full disclosure document — is where the tenant's legal name and lease terms would be stated.
Is the Trust still accepting investors?
The only filing on record is the Form D dated May 27, 2026, and no later amendment or closing notice was located as of August 14, 2026. The dollar figures in that filing describe a moment in May, not today. An active classification does not confirm that interests remain available; the sponsor or a selling broker-dealer must confirm current availability.
What is the minimum investment?
The Form D dated May 27, 2026 reports a $1,000 minimum investment. In practice, minimums for 1031 exchange investors in DST offerings are typically set higher in the Private Placement Memorandum than the figure reported on a Form D, and cash (non-exchange) minimums can differ from exchange minimums.
What is the optional 721 UPREIT exit the sponsor mentions?
A 721 exchange, sometimes called an UPREIT, lets a property interest be contributed to a real estate investment trust's operating partnership in return for partnership units. Coverage attributing the statement to Cove Capital reports this path is optional here and taken at investors' sole discretion. The Private Placement Memorandum would identify the REIT, timing, and the tax consequences of accepting units.
What is not disclosed publicly about this Trust?
As of August 14, 2026, public sources give the city, state, asset type, debt-free structure, and the fact of a long-term lease extension. They do not give the street address, square footage, purchase price, closing date, tenant name, lease expiration, or the allocation of taxes, insurance, and structural repairs. Those belong in the Private Placement Memorandum.
Chapter 9Cove Capital Investments Acquires Industrial Distribution Facility in a 100% Debt-Free Transaction for Its New Cove Essential Net Lease Industrial 116 DST OfferingCove Capital announced the acquisition of a Paducah, Kentucky industrial distribution facility in a 100%-debt-free transaction for the new DST, targeting $14,554,008 of equity and leasing the facility to a logistics company under a new long-term extension.