Top1031

Saddle Creek Crossing retail center

Retail property in Wichita, KS · sponsored by Cove Capital Investments

Sold outReported fully subscribed Aug 31, 2026 · latest Form D Apr 20, 2026
Source, Aug 31, 2026 (opens in a new tab)

Saddle Creek Crossing retail center is a DST sponsored by Cove Capital Investments that owns a retail property in Wichita, KS (110,061 SF). Its latest Form D, filed Apr 20, 2026, lists a $12.9 million offering with a $1,000 minimum.

Key facts

Minimum investment
$1,000
From the Form D
Offering size
$12,951,877
Equity offered, per the Form D
Sold so far
39.9%
Form D, Apr 20, 2026; the % is our arithmetic
Investors reported
15
Form D, Apr 20, 2026
Selling commissions
$777,113 · 6.0% of offering
Form D Item 15; the % is our arithmetic
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 →

Can I still invest?

No new interests: the offering is reported fully subscribed as of Aug 31, 2026.

By Top1031’s calculation from the latest Form D, filed Apr 20, 2026, 39.9% of the offering had sold.

Other Cove Capital Investments offerings on record

Availability changes without a filing. The sponsor or a registered representative can confirm what is open.

Looking for an offering like this one? A licensed 1031 specialist from our affiliated partner can talk through what is on record.

Ask a 1031 specialist about this recordFree. About: Saddle Creek Crossing retail center. Top1031 is not a broker-dealer.
Saddle Creek Crossing retail center image 1 of 2

Saddle Creek Crossing retail center · Wichita, KS · Photo: mma.prnewswire.com

City-level mapWichita, KS metroMap shows the city, not the exact address.

What does the Trust own?

Cove Capital Investments announced on May 20, 2026 that it had completed the acquisition of Saddle Creek Crossing, a multi-tenant necessity retail center, in an all-cash transaction it priced at roughly $93 per square foot. 1 Cove reported the center 96.37% occupied in that announcement. 1 The pre-sale brochure that marketed the center named SCC 1, LLC as the selling ownership entity offering a full fee-simple interest. 3 No recorded deed confirming the Trust's title was located.

Property address
S Broadway Ave, west of I-35 (tenant Great Clips listed at 4842A S Broadway Ave), Wichita, KS
Property size
110,061 SF

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 inside this structure — Cove described the purchase as debt-free, with no mortgage, when it announced the acquisition. 1 For an investor that means no loan to refinance and no maturity date that can force a sale, and also no replacement debt for an exchanger who retired a mortgage on the property sold.

Debt

Financing
All cash. This offering reports no mortgage debt.

Costs and terms from the Form D

Selling commissions
$777,113 · 6.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$1,619,669 · 12.5% of offering
Form 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 for sales in Oregon, 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

Individual representatives named in Item 12 are not listed.

Date of first sale
Apr 15, 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.

What does the SEC record show?

The SEC file holds only the initial notice — the short form a private offering files instead of registering — and no amendment has followed it to record Cove's later full-subscription announcement. The exemption claimed lets Cove advertise the offering publicly, provided it verifies that every buyer is an accredited investor, someone meeting SEC income or net-worth tests.

Legal Trust name
Saddle Creek Kansas 109 DST
SEC CIK
2130481
First Form D
Apr 20, 2026
Latest Form D
Apr 20, 2026
Filings on record
1
Offered under
Rule 506(c)
May be advertised publicly. Every buyer’s accredited status must be verified.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount soldInvestors
Form D$12,951,877
$5,172,629
15
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

Can I still invest in Saddle Creek Crossing retail center?
No new interests: Saddle Creek Crossing retail center is reported fully subscribed as of Aug 31, 2026. Top1031 lists it as recently fully subscribed and does not count it as an active offering.
What does a debt-free DST mean for me?
Cove Capital's May 20, 2026 release described the purchase of Saddle Creek Crossing as a 100% debt-free transaction, with the all-cash basis put at approximately $93 per square foot. Debt-free means there is no mortgage to refinance, no maturity date that can force a sale, and no lender remedies reaching the asset. It also means no borrowed money working alongside your equity, and no replacement debt for an exchange that requires you to match a mortgage paid off on the property you sold.
Who are the tenants at Saddle Creek Crossing?
The center is multi-tenant, so no single tenant's credit stands behind the Trust. An undated pre-sale brochure from Peak Real Estate Partners counted 11 tenants and named Ollie's Bargain Outlet, Dollar Tree, Goodyear, Great Clips and Godfather's Pizza among them; it is a marketing document from before the sale and does not establish the roster as of October 2026. Top1031's own address record notes Great Clips at 4842A S. Broadway. The offering documents carry them.
How much of the center is leased, and what rolls over?
The pre-sale brochure reported 96.37% occupancy across 11 tenants and a 4.3-year weighted-average lease term, and Cove repeated the 96.37% figure in its May 20, 2026 acquisition release. A separate undated leasing flyer advertised a 4,000-square-foot endcap for lease at 4828 S. Broadway; nothing in the reviewed record establishes whether that space was still available in October 2026. Cove has described a plan to renew a portion of the center's leases over the following two to three years — a stated plan, not completed renewals. Ask for the current rent roll and expiration schedule.
Why do the published square-footage figures conflict?
Cove's May 20, 2026 acquisition release and the property's sale brochure both describe the center as 110,061 square feet — the figure Top1031 carries. Trade coverage of Cove's August 2026 full-subscription announcement described a 100,061-square-foot center. The offering documents and the recorded deed control.
What does the SEC filing actually prove about this deal?
The Form D filed April 20, 2026 establishes the issuer (Saddle Creek Kansas 109 DST, CIK 0002130481), names Cove Capital Investments, LLC as sponsor and promoter, states a total offering amount of $12,951,877, and reports April 15, 2026 as the date of first sale. Cove offers the Trust under Rule 506(c), the private-placement rule permitting public advertising when the issuer verifies each investor is accredited.

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.