Saddle Creek Crossing retail center
Legal trust name Saddle Creek Kansas 109 DST
Talk to a 1031 specialistData updated Apr 20, 2026
Offering size$13.0M
Asset typeNet Lease
LocationWichita, KS
FinancingAll cash
Regulation D exemptionRule 506(c)
Sponsor-reported potential 721/UPREIT exitNo
First filedApr 20, 2026
Last filedApr 20, 2026
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.
Saddle Creek Crossing is a 110,061-square-foot necessity retail center in Wichita, Kansas, located just west of Interstate 35. Cove Capital Investments acquired it in an all-cash, debt-free transaction to anchor its Cove Kansas Retail DST 109 offering, held through the Saddle Creek Kansas 109 DST. As of the May 2026 announcement, the sponsor reported the center was 96.37% occupied, with in-place rents averaging $7.71 per square foot and a weighted-average lease term of 4.3 years. The Regulation D Rule 506(c) offering targets a $12,951,877 equity raise.
96.37% occupied; all-cash ~$93/SF; in-place rents $7.71 vs mkt $12-16/SF; +4k SF whse, 37k SF land; $12.95M equity target
110,061 SFBased on issuer-filed Form D notices through Apr 20, 2026. 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 amount40.0%
Not enough filing history for a trend line.
Capital sold, per latest Form D$5,172,629
Remaining amount reported in latest Form D$7,779,248
Investor count reported in latest Form D15
Stated minimum investment$1,000
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First filedApr 20, 2026
Latest filingApr 20, 2026
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 tenants
Saddle Creek Crossing spans 110,061 square feet just west of Interstate 35 in Wichita, Kansas, and Cove Capital Investments describes it as a necessity retail center 1. The anchor and national tenant lineup reported by the sponsor includes Ollie's Bargain Outlet, Dollar Tree, Goodyear, Great Clips, Godfather's Pizza, and Black Friday Deals, with surrounding retailers such as Dillons (Kroger), Dutch Bros, McDonald's, and O'Reilly Auto Parts 1. As of the May 20, 2026 announcement, the sponsor reported 96.37% occupancy, in-place rents averaging $7.71 per square foot against a stated market range of $12–$16, and a weighted-average lease term of 4.3 years 1.
Offering and structure
The property backs the Cove Kansas Retail DST 109 offering, held through the Saddle Creek Kansas 109 DST, structured as a Regulation D Rule 506(c) program targeting a $12,951,877 equity raise 14. An issuer Form D dated April 20, 2026 reported the same $12,951,877 total offering amount, with $5,172,629 sold as of that filing 2. The sponsor stated the acquisition was completed all-cash and debt-free and that the offering includes an optional 721 UPREIT exchange at exit, with principals Dwight Kay and Chay Lapin co-investing personal capital 1. Cove republished the acquisition coverage on its own press page in May 2026 3.
In the news
Frequently asked questions
Is Saddle Creek Crossing retail center currently active?
Saddle Creek Crossing retail center 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 Saddle Creek Crossing retail center?
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.