Frito-Lay distribution facility, Pomfret NY

Top1031 lists Frito-Lay distribution facility, Pomfret NY as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.

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.

The public record shows one Form D for this Trust, filed December 17, 2025, and research through August 31, 2026 located no later amendment.[2] Subscription figures on a page like this move only when a new filing appears, so they describe the offering as of that December 2025 filing. Cove Capital markets the Trust as a 1031-exchange-qualified DST on its offering page, which does not establish that interests remain available today.[1] Confirm current availability with the sponsor or your own representative.

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.[1] 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 PPM, the offering's full disclosure document, settle those terms.

A June 1, 2026 Cove Capital press release distributed through Yahoo Finance announced an industrial distribution facility acquired in a 100% debt-free transaction for this Trust's offering. Separately, a February 1, 2026 local property-transfer column reported that Fredonia Pomfret Partners, LLC sold a Pomfret building — described as the 2024-built, 6,000-square-foot Frito-Lay facility with five loading docks — to Essential Net Lease Industrial 105 St., LLC of Torrance, California for $2,922,000.[3] That report names an LLC whose name resembles the Trust's rather than the Trust itself, so title and the Trust's own purchase price remain matters for the PPM.

No. Cove Capital presents the offering as all-cash and debt-free with zero leverage.[1] 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.

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, while Cove Capital's own material for this Trust lists a $100,000 minimum.[1] The binding number is the one stated in the PPM and subscription agreement.

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.