Cove Pharmacy Net Lease 70 DST
Net lease property in Owosso, MI — sponsored by Cove Capital Investments
Minimum investment
$1k
Offering size
$6.1M
How much has sold
None sold yet
Asset type
Net lease property
Location
Owosso, MI
Financing
All cash. This offering reports no mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Cove Pharmacy Net Lease 70 DST combines the historical SEC filing record with the cited public sources we found for the property and its outcome. Use the chapters below to see what those sources establish, then use the source list to check the underlying materials.
Show sources (3)Hide sources (3)
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?
- Reported location
- Owosso, MI
- Property size
- 14,820 sq ft
How did it end?
No sale or other ending on record
No Cove full-cycle press release or trade-press disposition announcement could be found for the Cove Pharmacy Net Lease 70 DST; the dedicated Cove offering page still describes the 14,820 SF absolute-NNN Walgreens at 1001 E M-21, Owosso, MI as fully subscribed with ~10 years of lease remaining, and no third-party sale of that specific Walgreens has been confirmed [1][2][3].
Walgreens Pharmacy (NYSE: WBA) at 1001 E M-21/E Main St in Owosso, MI (Shiawassee County), ~30 miles northeast of Lansing. 14,820 SF free-standing Walgreens with drive-thru; absolute NNN lease with ~10 years remaining; BBB-rated investment-grade tenant. Minimum investment $50,000; debt-free/all-cash DST structure; Form D filed Sept 13, 2023.
14,820 sq ftSupporting evidence
How is it financed, and what does it pay?
- Financing
- All cash. This offering reports no mortgage debt.
Who's behind it?
- Sponsor
- Cove Capital Investments
- Legal Trust name
- Cove Pharmacy Net Lease 70 DST
- May convert to a REIT
- No
- 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?
- 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
What happened to Cove Pharmacy Net Lease 70 DST?
Top1031 lists Cove Pharmacy Net Lease 70 DST as historical. It is no longer raising money.
Where does Top1031 get the data for Cove Pharmacy Net Lease 70 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.
Chapter 8Cove Pharmacy Net Lease 70 DST OfferingSponsor's marketing page for the Walgreens Pharmacy DST, describing location in Owosso, MI and lease terms.