Top1031

Frito-Lay distribution facility, Pomfret NY

Industrial property in Pomfret, NY · sponsored by Cove Capital Investments

Active offeringLatest Form D filed Dec 17, 2025 (opens in a new tab)

Frito-Lay distribution facility, Pomfret NY is a DST sponsored by Cove Capital Investments that owns an industrial property in Pomfret, NY (6,000 SF). Its latest Form D, filed Dec 17, 2025, lists a $3.5 million offering with a $1,000 minimum.

Key facts

Minimum investment
$1,000
From the Form D
Offering size
$3,587,760
Equity offered, per the Form D
Sold so far
91.1%
Form D, Dec 17, 2025; the % is our arithmetic
Investors reported
9
Form D, Dec 17, 2025
Selling commissions
$215,266 · 6.0% of offering
Form D Item 15; the % is our arithmetic
Financing
All cash. This offering reports no mortgage debt.
How it is financed ↓
Offered under
Rule 506(c)
May be advertised publicly. Every buyer’s accredited status must be verified.

Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →

Sales so far

Latest Form D
Dec 17, 2025 · 1 filing
First sale
Nov 21, 2025

These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.

How we work out how much has sold

We divide the amount the sponsor reports sold by the offering size in its latest SEC filing, filed Dec 17, 2025.

  • The sponsor reports these amounts itself, and can amend them later.
  • A filing can be behind what has actually sold. It does not confirm that interests are still available.
  • The amount left to sell is the offering size minus the amount sold.
Amount sold
$3,268,811
Not yet sold
$318,949
Investors
9

Calculated by Top1031 from the Form D filings, not stated by the sponsor:

91.1% of $3,587,760 sold, calculated by Top1031 from the Form D

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Ask a 1031 specialist about this recordFree. About: Frito-Lay distribution facility, Pomfret NY. Top1031 is not a broker-dealer.
Frito-Lay distribution facility, Pomfret NY image

Frito-Lay distribution facility, Pomfret NY · Pomfret, NY · Photo: covecapitalinvestments.com

City-level mapPomfret, NY metroMap shows the city, not the exact address.

What does the Trust own?

Cove Capital describes the asset as a build-to-suit distribution facility completed in 2024 for Frito-Lay, fitted with five loading docks. 1 A local property-transfer column published February 1, 2026 reported that 3732 Lakeview Ave., Pomfret, sold for $2,922,000 to Essential Net Lease Industrial 105 St., LLC and tied the building to Cove Capital's listing. 2 That buyer name resembles the Trust's without matching it, and no deed reviewed confirms who holds title.

Property address
NY State Route 60 (no number public), Pomfret, NY
Property size
6,000 SF

How have sales gone?

The Form D record has one sales figure so far, so there is no trend to chart. The figure is in Sales so far ↑.

How is it financed, and what did it cost to sell?

The Trust owns the building outright, with no lender in the capital stack: no loan maturity, no lender covenants and no refinancing deadline during the hold. For an exchanger, there is also no replacement debt to match a mortgage retired on the relinquished property.

Debt

Financing
All cash. This offering reports no mortgage debt.

Costs and terms from the Form D

Selling commissions
$215,266 · 6.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$395,460 · 11.0% of offering
Form D Item 16
· The filing’s note: “Mr Kay & Lapin will receive a portion of this amount (in)directly got various fees & selling commissions, EXCLUDING amounts received for sales in Oregon, OR proceeds will be received by registered representatives licensed in the state of OR”
Broker-dealers named in the Form D
1 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Nov 21, 2025
Minimum investment
$1,000

Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together. The issuer marked these amounts as an estimate.

What does the SEC record show?

Legal Trust name
Essential Net Lease Industrial 105 DST
SEC CIK
2101710
First Form D
Dec 17, 2025
Latest Form D
Dec 17, 2025
Filings on record
1
Offered under
Rule 506(c)
May be advertised publicly. Every buyer’s accredited status must be verified.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount soldInvestors
Form D$3,587,760
$3,268,811
9
EDGAR

Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.

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.

Common questions

Is Frito-Lay distribution facility, Pomfret NY an active offering?
Frito-Lay distribution facility, Pomfret NY is an Active offering: its latest Form D was filed Dec 17, 2025. A Form D filing does not by itself confirm that interests are still available; the sponsor or a registered representative can confirm what is open.
Who is the tenant, and what is the lease?
Cove Capital identifies the tenant as Frito-Lay, the snack-food business of PepsiCo, at a facility built in 2024 and held under a brand-new 10-year single-tenant industrial net lease with minimal landlord responsibilities — meaning the tenant, not the Trust, bears most operating costs. Public filings do not disclose which legal entity signs the lease, its commencement and expiration dates, or whether a PepsiCo parent guarantee exists. The lease documents attached to the offering documents settle those terms.
Did the Trust buy the building, and for how much?
No primary record reviewed confirms it. A property-transfer column published February 1, 2026 reported that 3732 Lakeview Ave., Pomfret, sold for $2,922,000 from Fredonia Pomfret Partners, LLC to Essential Net Lease Industrial 105 St., LLC and described the building as a newly constructed 6,000-square-foot Frito-Lay distribution facility tied to Cove Capital's listing. The buyer name resembles but does not match the Trust's legal name, so title and purchase price remain matters for the offering documents.
Does the Trust have a mortgage?
No. Cove Capital presents the offering as all-cash and debt-free, with no mortgage debt. For a 1031 exchanger that cuts both ways: no refinancing risk or lender covenants during the hold, but also no replacement debt to match a mortgage retired on the relinquished property, which matters if your exchange needs to replace loan value as well as equity.
What is the minimum investment?
The two available sources differ and are not reconciled here. The Form D filed December 17, 2025 reports a $1,000 minimum accepted from an outside investor. Cove Capital's own material for this Trust lists a $100,000 minimum. The binding number is the one stated in the offering documents and subscription agreement.
Can this Trust convert into REIT shares later?
The public record shows no 721/UPREIT exit path — the structure in which a trust's property is contributed to a REIT's operating partnership in exchange for units, deferring gain but ending the ability to do a future 1031 exchange. The sponsor chapter records this Trust as not marked for REIT conversion, which leaves an eventual sale of the property as the exit contemplated by the record.

In the news

Sources

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These links support the record as a whole; individual details may come from different sources.

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 offering documents before investing.