Northpark Shopping Center
Retail in Monticello, AR — sponsored by Cove Capital Investments
Files with the SEC as Northpark Shopping Center Opportunity 78 DST
Minimum investment
$1k
Offering size
$9.1M
How much has sold
None sold yet
Asset type
Retail
Location
Monticello, AR
Financing
Not stated. The filings for this offering do not say whether it carries mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Northpark Shopping Center combines the historical SEC filing record with the cited public sources we found for the property and its outcome. Use the chapters below to see what those sources establish, then use the source list to check the underlying materials.
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These links support the historical public record; 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?
- Property address
- 120-155 Northpark Drive, Monticello
- Property size
- 71,068 sq ft
How did it end?
No sale or other ending on record
No public full-cycle, sale, or 721 UPREIT announcement has been issued for Northpark Shopping Center Opportunity 78 DST; the trust remains listed on Cove Capital's website as 'fully subscribed', and the July 2024 $7.1M sale of Northpark Shopping Center (Monticello, AR) by Marcus & Millichap was Cove Capital's acquisition INTO the trust, not an exit.
71,068 SF multi-tenant regional retail center, 95% occupied, shadow-anchored by Walmart. Tenants include Cato, Hibbett Sports, It's Fashion Metro, Pizza Hut, and Rent-A-Center. Acquired for ~$7.1M; raised $9.14M equity.
71,068 sq ftSupporting evidence
Who's behind it?
- Sponsor
- Cove Capital Investments
- Legal Trust name
- Northpark Shopping Center Opportunity 78 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?
- 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
What happened to Northpark Shopping Center?
Top1031 lists Northpark Shopping Center as historical. It is no longer raising money.
Where does Top1031 get the data for Northpark Shopping Center?
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.
Chapter 7Cove Capital Purchases Arkansas Shopping Center for New DST OfferingAltsWire reports Cove Capital purchased a multi-tenant retail center in Monticello, AR for its NorthPark Shopping Center Opportunity 78 DST, a Regulation D Rule 506(c) offering. Cove Capital Investments Announces It Has Fully Subscribed Its NorthPark Shopping Center Opportunity 78 Delaware Statutory Trust Offering in Monticello, AROfficial press release announcing Cove Capital successfully raised $9.1 million from accredited investors to fully subscribe its NorthPark Shopping Center Opportunity 78 DST. Marcus & Millichap Brokers $7.1M Sale of Northpark Shopping Center in Monticello, ArkansasMarcus & Millichap arranged the $7.1M sale of the 71,068-sf NorthPark Shopping Center in Monticello, AR, shadow-anchored by Walmart, with tenants Cato, Hibbett Sports, It's Fashion Metro, Pizza Hut, and Rent-A-Center. Cove NorthPark Shopping Center Opportunity 78 DSTSponsor property page for the NorthPark Shopping Center Opportunity 78 DST, a 71,068 SF regional retail center in Monticello, AR, 95% occupied and shadow-anchored by Walmart.