Frito-Lay distribution facility, Pomfret NY
Legal trust name Essential Net Lease Industrial 105 DST
Talk to a 1031 specialistData updated Dec 17, 2025
Offering size$3.6M
Asset typeIndustrial
LocationPomfret, NY
FinancingAll cash
Regulation D exemptionRule 506(c)
Sponsor-reported potential 721/UPREIT exitNo
First filedDec 17, 2025
Last filedDec 17, 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.
Essential Net Lease Industrial 105 DST is a Delaware Statutory Trust sponsored by Cove Capital Investments that holds a single-tenant industrial distribution facility in Pomfret, New York, leased to Frito-Lay, a PepsiCo subsidiary. The 6,000-square-foot, built-to-suit building was completed in 2024, includes five loading docks, and sits along New York State Route 60 with access to Interstate 90, Route 5, and U.S. Route 20. The property is held under a 10-year single-tenant net lease with minimal landlord responsibilities. The trust is capitalized on an all-cash, debt-free basis and structured as a Regulation D Rule 506(c) offering qualified for 1031 exchanges.
0% leverage; min $100k; Frito-Lay (PepsiCo) 10-yr lease; 2024 build-to-suit; 5 loading docks
6,000 SFBased on issuer-filed Form D notices through Dec 17, 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 amount91.0%
Not enough filing history for a trend line.
Capital sold, per latest Form D$3,268,811
Remaining amount reported in latest Form D$318,949
Investor count reported in latest Form D9
Stated minimum investment$1,000
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First filedDec 17, 2025
Latest filingDec 17, 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's asset is a 6,000-square-foot, built-to-suit industrial distribution facility in Pomfret, New York, completed in 2024 and leased to Frito-Lay, a subsidiary of PepsiCo. The single-tenant building has five loading docks and sits along New York State Route 60, with direct access to Interstate 90, New York Route 5, and U.S. Route 20.1
Lease and capitalization
The property is held under a 10-year single-tenant net lease with minimal landlord responsibilities.1 The trust carries no mortgage debt, is capitalized entirely with cash at 0% leverage, and is structured as a Regulation D Rule 506(c) Delaware Statutory Trust qualified for 1031 exchanges.1 The issuer's Form D, filed December 17, 2025, reported a total offering amount of $3,587,760, with $3,268,811 reported sold as of that date.2
Sponsor
Cove Capital Investments sponsors the offering, with Dwight Kay and Chay Lapin identified as managing members.3
In the news
Frequently asked questions
Is Frito-Lay distribution facility, Pomfret NY currently active?
Frito-Lay distribution facility, Pomfret NY 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 Frito-Lay distribution facility, Pomfret NY?
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.