Cove Essential Net Lease Industrial 93 DST
Legal trust name Essential Net Lease Industrial 93 DST
Talk to a 1031 specialistData updated May 20, 2025
Offering size$5.2M
Asset typeIndustrial
LocationClinton, OK
FinancingAll cash
Regulation D exemptionRule 506(c)
Sponsor-reported potential 721/UPREIT exitNo
First filedMay 20, 2025
Last filedMay 20, 2025
Minimum$1k
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.
Cove Essential Net Lease Industrial 93 DST is a Delaware statutory trust sponsored by Cove Capital Investments that holds a single-tenant industrial distribution facility in Clinton, Oklahoma. The property is a 2024-built, 8,026-square-foot building on 2.89 acres, constructed built-to-suit for Frito-Lay, a subsidiary of PepsiCo, under an industrial net lease. The trust holds the asset on a 100% all-cash, debt-free basis with 0% leverage. It is structured as a Regulation D Rule 506(c), 1031-exchange-qualified offering. Cove Capital's site lists the offering as fully subscribed.
Debt-free (0% LTV); ~$5.16M offering; min $100k; brand-new 2024 build; tenant Frito-Lay (PepsiCo); off I-40
8,026 SFBased on issuer-filed Form D notices through May 20, 2025. Amounts are self-reported, may lag current subscriptions, and do not confirm availability. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Reported sold as a percentage of stated offering amount27.0%
Not enough filing history for a trend line.
Capital sold, per latest Form D$1,387,354
Remaining amount reported in latest Form D$3,772,598
Investor count reported in latest Form D7
Stated minimum investment$1,000
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First filedMay 20, 2025
Latest filingMay 20, 2025
Filings tracked1
View filing on SEC EDGARForm D is an issuer notice filing. A filing does not mean the SEC approved, endorsed, or verified the offering.
Offering profile
SEC filings + cited sources
Property and tenant
The trust owns a 2024-built industrial distribution facility in Clinton, Oklahoma, comprising 8,026 square feet on 2.89 acres, constructed built-to-suit for Frito-Lay, a subsidiary of PepsiCo, under a single-tenant industrial net lease 1. Cove Capital states that PepsiCo carries a Standard & Poor's credit rating of A+ 1. The trust holds the property on a 100% all-cash, debt-free basis with 0% leverage 1.
Sponsor and offering
Cove Capital Investments, LLC, based in Torrance, California and co-founded by Dwight Kay and Chay Lapin, sponsors the program 1. It is structured as a Regulation D Rule 506(c) Delaware statutory trust qualified for 1031 exchanges, with a $100,000 minimum investment 1. Cove Capital's current-offerings index lists the trust as fully subscribed 2.
Filing record
An issuer Form D filed May 20, 2025 reported a total offering amount of $5,159,952, of which $1,387,354 had sold as of that filing date 3.
In the news
Frequently asked questions
Is Cove Essential Net Lease Industrial 93 DST currently active?
Cove Essential Net Lease Industrial 93 DST is classified by Top1031 as active. “Active” reflects the latest public record and does not confirm that interests remain available.
Where does Top1031 get the data for Cove Essential Net Lease Industrial 93 DST?
Top1031 tracks this offering from SEC Form D filings and cited sponsor disclosures. Filing data may lag current subscriptions and does not mean the SEC approved or verified the offering.