Grocery-anchored shopping center, US Hwy 62 retail corridor
Retail property in Princeton, Kentucky · sponsored by Cove Capital Investments
Active offeringLatest Form D filed Jun 11, 2026 (opens in a new tab)
Grocery-anchored shopping center, US Hwy 62 retail corridor is a DST sponsored by Cove Capital Investments that owns a retail property in Princeton, Kentucky. Its latest Form D, filed Jun 11, 2026, lists a $5.3 million offering with a $1,000 minimum.
Key facts
- Minimum investment
- $1,000From the Form D
- Offering size
- $5,311,475Equity offered, per the Form D
- Sold so far
- Form D, Jun 11, 2026; the % is our arithmetic13.6%
- Investors reported
- Form D, Jun 11, 20263
- Selling commissions
- Form D Item 15; the % is our arithmetic$318,689 · 6.0% of offering
- 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
- Jun 11, 2026 · 1 filing
- First sale
- Jun 5, 2026
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
- Amount sold
- $725,970
- Not yet sold
- $4,585,505
- Investors
- 3
Calculated by Top1031 from the Form D filings, not stated by the sponsor:
13.6% of $5,311,475 sold, calculated by Top1031 from the Form D
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Ask a 1031 specialist about this recordFree. About: Grocery-anchored shopping center, US Hwy 62 retail corridor. Top1031 is not a broker-dealer.No photo on record.
What does the Trust own?
Cove Capital Investments announced on June 5, 2026 that it had acquired this western Kentucky center for the Trust, reporting it 100% leased at the time. 1 Local coverage in May 2024 reported that a Marshalls store at the address was announced to open that month, though no confirmation the opening occurred was reviewed. 2 No purchase price appears in the public record; the Form D figure is an equity-raise target, not a price. 3
- Property address
- 500 US Highway 62, Princeton, Kentucky
- Property size
- approximately 72,013 square feet
Tenant and lease terms are not in the SEC filings or cited sources.
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?
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.
Debt
- Financing
- All cash. This offering reports no mortgage debt.
Costs and terms from the Form D
- Selling commissions
- $318,689 · 6.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $614,475 · 11.5% of offeringForm D Item 16· The filing’s note: “Mr. Kay & Lapin will receive a portion of this amount (in)directly for various fees & selling commissions, EXCLUDING amounts received from the state of OR, 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
- FNEX Capital, LLC · CRD 166316
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Jun 5, 2026
- 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.
Who's behind the Trust?
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. A sponsored release on July 16, 2026 put its portfolio at 137 properties and more than $1.13 billion in transactions. Trade press reported on September 17, 2026 that a separate Cove industrial Trust in Anchorage had been fully subscribed.
- Sponsor
- Offerings on record
What does the SEC record show?
The paperwork here is a Form D — a brief notice of an exempt offering, not a prospectus — and no amendment had appeared on EDGAR as of October 4, 2026. 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.
- Legal Trust name
- PRINCETON KY OPPORTUNITY 117 DST
- SEC CIK
- 2138178
- First Form D
- Jun 11, 2026
- Latest Form D
- Jun 11, 2026
- Filings on record
- 1
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D | $5,311,475 | $725,970 | 3 | 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 Grocery-anchored shopping center, US Hwy 62 retail corridor an active offering?
- Grocery-anchored shopping center, US Hwy 62 retail corridor is an Active offering: its latest Form D was filed Jun 11, 2026. 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.
- 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 100% leased, with Marshalls, Tractor Supply and Ruler Foods — a subsidiary of The Kroger Co. — as anchors.
- Are the leases triple-net?
- Not according to the property's broker marketing, which describes modified-gross leases, meaning the landlord carries some operating expenses rather than the tenant paying all taxes, insurance and maintenance. That marketing also lists expirations in 2027, 2031 and 2034 without identifying which tenant holds each. No executed lease is in the public record, so the offering documents are the governing source.
- Is there a mortgage on the property?
- No. The Trust holds the center on a 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.
- 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 offering documents and trust agreement control what disposition options the trustee has.
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.