Grocery-anchored shopping center, US Hwy 62 retail corridor
Retail (grocery-anchored center) property in Princeton, Kentucky — sponsored by Cove Capital Investments
Files with the SEC as PRINCETON KY OPPORTUNITY 117 DST
Minimum investment
$1k
Offering size
$5.3M
How much has sold
14.0%
Asset type
Retail (grocery-anchored center) property
Location
Princeton, Kentucky
Financing
All cash. This offering reports no mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Princeton KY Opportunity 117 DST is a Delaware statutory trust — a structure that lets 1031 exchange investors hold fractional real estate as replacement property — sponsored by Cove Capital Investments. It holds one grocery-anchored shopping center in Princeton, Kentucky, anchored by Marshalls, Tractor Supply and Ruler Foods, a Kroger subsidiary.2 The Trust owns the property without mortgage debt and is raising $5,311,475 from accredited investors.3
100% leased; anchors Marshalls, Tractor Supply, Ruler Foods (Kroger); all-cash/debt-free; $5.31M equity target
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These links support the public record as a whole; 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?
Cove Capital Investments announced on June 5, 2026 that it had acquired this center for the Trust.1 It sits in western Kentucky and was reported fully leased to nationally recognized tenants at acquisition.1 No purchase price appears in the public record; the figure in the Form D is an equity raise target, not a price.
- Property address
- 500 US Highway 62, Princeton, Kentucky
- Property size
- approximately 72,013 square feet
Who is the tenant, and what's the lease?
The anchors are Marshalls, Tractor Supply and Ruler Foods, a subsidiary of The Kroger Co.2 Cove Capital reported the center fully leased to nationally recognized tenants at acquisition.1 Individual lease terms, expiration dates, rents, and whether any lease is triple-net — the tenant paying taxes, insurance and maintenance — are not in the public record.
How are sales going?
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
14.0% reported sold
- Amount sold
- $725,970
- Still available
- $4,585,505
- Investors reported
- 3
- Total offering
- $5,311,475
Not enough filings yet to show a trend.
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How is it financed, and what does it pay?
No lender sits in this structure: no loan covenants, no maturity date to refinance, no lender-imposed reserves. An exchanger who must replace mortgage debt carried on a relinquished property will find none to replace here, which affects how the exchange is matched.
- Financing
- All cash. This offering reports no mortgage debt.
Who's behind it?
Cove Capital Investments packages individual commercial properties into Delaware statutory trusts and sells fractional interests to accredited 1031 exchange investors; it is among the more prolific DST sponsors filing with the SEC. On July 17, 2026 the firm published a portfolio-wide milestone release that named no individual Trust. Connect Money's August 10, 2026 report on a separate Michigan headquarters acquisition listed this Princeton center among the sponsor's recent purchases.
- Sponsor
- Cove Capital Investments
- Legal Trust name
- PRINCETON KY OPPORTUNITY 117 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?
Only one Form D — a brief notice of an exempt offering, not a prospectus — is on record, with no amendment since. The exemption claimed lets the sponsor advertise the offering publicly but requires it to verify each buyer's accredited status rather than accept a self-certification checkbox.
- 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
Is Grocery-anchored shopping center, US Hwy 62 retail corridor still raising money?
Top1031 lists Grocery-anchored shopping center, US Hwy 62 retail corridor as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.
Where does Top1031 get the data for Grocery-anchored shopping center, US Hwy 62 retail corridor?
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.
What does this Trust actually own?
A single grocery-anchored shopping center at 500 US Highway 62 in Princeton, Kentucky, of approximately 72,013 square feet. Cove Capital Investments announced the acquisition on June 5, 2026 and reported the center fully leased, with Marshalls, Tractor Supply and Ruler Foods — a subsidiary of The Kroger Co. — as anchors.
Is there a mortgage on the property?
No. The Trust holds the center on an all-cash, debt-free basis. That means no lender, no loan covenants and no maturity date to refinance — but also no mortgage debt for an exchanger who needs to replace debt from a relinquished property to fully defer tax.
Is the Trust still open to new investors?
One Form D is on record, filed June 11, 2026, and no amendment had appeared through August 15, 2026. An open filing record does not confirm that interests remain available; the sponsor or your representative is the current source for what is left.
Can this convert into a REIT later?
The record shows no 721/UPREIT exit — that is, no stated path to contribute the property to a REIT in exchange for operating-partnership units. The PPM and trust agreement control what disposition options the trustee has.
What is a Rule 506(c) offering, and why does it matter to me?
Rule 506(c) is a Regulation D exemption that lets a sponsor advertise a private placement publicly, but every buyer must be verified as accredited — SEC income or net-worth thresholds documented with tax returns, brokerage statements or a third-party letter, not a self-certification checkbox.
What is not disclosed in the public filings?
The purchase price, closing costs, reserves, lease expiration dates, rents and the full fee load. The Form D reports only the offering amount, sales to date, investor count and minimum investment. Everything about the building's economics sits in the Private Placement Memorandum.
Chapter 9Cove Capital Acquires Kentucky Retail Center for New DST OfferingConnect CRE reports Cove Capital acquired the fully leased 72,013-SF grocery-anchored retail center in Princeton, KY, anchoring its new Cove Princeton KY Opportunity 117 DST targeting a $5,311,475 equity raise. Cove Capital Investments Successfully Acquires Grocery-Anchored Shopping Center in Princeton, KentuckyPR Newswire press release announcing Cove Capital's debt-free acquisition of the 72,013-square-foot grocery-anchored retail center at 500 US Highway 62 in Princeton, KY for the Cove Princeton KY Opportunity 117 DST targeting a $5,311,475 equity raise.