Essential Net Lease Portfolio 89 DST
Industrial (2-property last-mile distribution portfolio) property in Multi-state (2) — sponsored by Cove Capital Investments
Minimum investment
$1k
Offering size
$13.5M
How much has sold
9.0%
Asset type
Industrial (2-property last-mile distribution portfolio) property
Location
Multi-state (2)
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 Portfolio 89 DST is a Delaware statutory trust sponsored by Cove Capital Investments. It holds two build-to-suit last-mile industrial distribution buildings totaling 68,967 square feet, whose acquisition the sponsor reported completing on May 8, 2025 in an all-cash, 100% debt-free transaction. The newly constructed Joplin, Missouri facility spans 63,000 square feet with 20 dock-high doors and is leased to Lowe's; a 2024-built North Carolina facility is leased to Frito-Lay under a long-term net lease with multiple renewal options. Cove reported both assets 100% leased with long-term leases in place. An issuer-filed Form D dated May 5, 2025 reported a $13,517,400 total offering amount.
Show sources (6)Hide sources (6)
These links support the historical public record; individual details may come from different sources.
- prnewswire.com ↗Sponsor disclosure
- covecapitalinvestments.com ↗Sponsor disclosure
- covecapitalinvestments.com ↗Sponsor disclosure
- SEC EDGAR ↗Public record
- covecapitalinvestment… ↗
- prnewswire.com ↗
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
- Multi-state (2)
- Property size
- 2 properties totaling 68,967 Sq Ft
How did it end?
No sale or other ending on record
We have not found a public record of how this offering ended. That is not the same as knowing it still operates.
Lowe's (Industrial Distribution Facility) and Frito-Lay (Industrial Distribution Facility) · Debt-free (0% LTV); min $100k; tenants Lowe's (2022 BTS, Joplin MO) + Frito-Lay (2024 BTS, Franklin NC); 20-yr TPA; optional 721
2 properties totaling 68,967 Sq FtHow is it financed, and what does it pay?
- Financing
- All cash. This offering reports no mortgage debt.
- Loan-to-value
- 0%covecapitalinvestments.com
Who's behind it?
- Sponsor
- Cove Capital Investments
- Legal Trust name
- Essential Net Lease Portfolio 89 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?
- 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 Essential Net Lease Portfolio 89 DST?
Top1031 lists Essential Net Lease Portfolio 89 DST as historical. It is no longer raising money.
Where does Top1031 get the data for Essential Net Lease Portfolio 89 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 Capital Completes Essential Net Lease Portfolio 89 DSTCove Capital completed acquisition of two properties, 'finalizing' its Essential Net Lease Portfolio 89 DST offering (Lowe's Joplin MO and Frito-Lay Sylva/Franklin NC, ~69,000 sq ft). Cove Capital Acquires Two Industrial Assets to Complete Latest $13.5M DST OfferingReports Cove Capital finalized the two-property Essential Net Lease Portfolio 89 DST (Lowe's in Joplin, MO and Frito-Lay in Sylva/Franklin, NC) as an all-cash transaction targeting ~$13.5M in equity.