4-property net-lease portfolio
Net-leased retail (grocery-anchored) property in Multi-state (4) — sponsored by ExchangeRight
Files with the SEC as ExchangeRight Net-Leased All-Cash 16 DST
Minimum investment
$100k
Offering size
$46.1M
How much has sold
None sold yet
Asset type
Net-leased retail (grocery-anchored) property
Location
Multi-state (4)
Financing
All cash. This offering reports no mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
This Trust is a Delaware Statutory Trust — a passive co-ownership structure that can serve as 1031 exchange replacement property — holding four single-tenant retail buildings net-leased to Hy-Vee Grocery, Sprouts Farmers Market, Tractor Supply, and Dollar General Market in Florida, Louisiana, Minnesota, and Vermont.2 It owns them without mortgage debt. ExchangeRight announced full subscription on March 13, 2026, closing the offering to new investors.2
$46.1M debt-free; 5.08% dist; WALT 18.2yr; Hy-Vee, Sprouts, Tractor Supply, Dollar General Market
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These links support the public record as a whole; individual details may come from different sources.
FL · exact location not on recordThe filings name the market but not an address we can place on a map.
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?
ExchangeRight assembled the Trust as a debt-free bundle of retail buildings anchored by grocery and rural-lifestyle tenants in Florida, Louisiana, Minnesota, and Vermont.2 The sponsor's release names no cities or street addresses, and it does not say which tenant occupies which building. No acquisition dates or per-property purchase prices appear in the public record.
- Reported location
- Multi-state (4)
- Property size
- 4 properties / 151,226 SF
Who is the tenant, and what's the lease?
Each building is leased to a single corporate tenant — Hy-Vee Grocery, Sprouts Farmers Market, Tractor Supply, or Dollar General Market — on a net-lease basis, meaning the tenant rather than the Trust carries taxes, insurance, and maintenance.2 ExchangeRight reported an initial weighted-average lease term of 18.2 years across the portfolio.2
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.
The sponsor reported this offering sold out without filing per-sale amendments, so there is no raise history to show.
How is it financed, and what does it pay?
The Trust owns its real estate outright with no mortgage, so there is no lender, no loan maturity, no refinancing deadline, and no debt service standing ahead of investors.2 For a 1031 exchanger, there is also no Trust-level debt to offset mortgage debt relieved on a relinquished property.
- Financing
- All cash. This offering reports no mortgage debt.
- Distribution rate
- 5.08%exchangeright.com
Who's behind it?
ExchangeRight Real Estate sponsors net-leased DST portfolios for 1031 exchange investors, and this Trust belongs to the firm's numbered Net-Leased All-Cash series.2 Its platform is built around single-tenant retail let to grocery, discount, and rural-lifestyle operators. On July 22, 2026 ExchangeRight announced Ross Wood as Director of Acquisitions for industrial investments, extending its net-lease sourcing beyond retail into distribution and logistics facilities.
- Sponsor
- ExchangeRight
- Legal Trust name
- ExchangeRight Net-Leased All-Cash 16 DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 23 active / 60 total offerings from ExchangeRight
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The Trust's Form D — the brief notice an issuer files when it sells securities privately — has never been amended, so its sales figures still reflect the day it was filed, months before the sponsor announced full subscription.2 It was offered without public advertising, to accredited investors meeting SEC income or net-worth tests.
- Form D filedFirst and latest filing on record.
- Filings on record
- 1
- How it may be offered
- Rule 506(b)Not advertised publicly. Offered through existing relationships.
- 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 4-property net-lease portfolio still raising money?
Top1031 lists 4-property net-lease portfolio 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 4-property net-lease portfolio?
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.
Can I still invest in this Trust?
No. ExchangeRight announced on March 13, 2026 that the Net-Leased All-Cash 16 DST was fully subscribed, and a Business Wire distribution dated March 17, 2026 carried the same announcement. The single Form D on file was never amended after September 4, 2025, so the filed sales data remains a snapshot from that date.
Where exactly are the four properties?
The sponsor disclosed only states: Florida, Louisiana, Minnesota, and Vermont. Individual cities, street addresses, and the mapping of each tenant to a specific building do not appear in the SEC filing or the press releases. The Private Placement Memorandum (PPM) — the sponsor's full offering document — would identify each site.
Who are the tenants and how long are the leases?
Hy-Vee Grocery, Sprouts Farmers Market, Tractor Supply Company, and Dollar General Market. ExchangeRight reported an initial weighted-average lease term of 18.2 years for the portfolio in its March 13, 2026 release. Individual lease expiration dates and rent escalation terms were not published.
What does an all-cash DST mean in practice?
The Trust owns the properties without mortgage financing. There is no lender, no loan maturity, no debt covenants, and no refinancing event to survive. For a 1031 exchanger it also means the replacement interest carries no debt to match against mortgage debt relieved on the property being sold.
What is the minimum investment?
The Form D filed September 4, 2025 with the SEC reports a minimum investment of $100,000. A figure of $2,305,000 that appears in some readings of the same filing is the sales-commissions field, not a minimum. The PPM and subscription documents govern the operative minimum and any unit-size rules.
What happens at the end of the hold?
The public record reviewed through September 1, 2026 does not describe a completed sale, refinancing, or conversion for this Trust, and Top1031's record marks it as not expected to convert to a REIT. The trust agreement and PPM govern what dispositions or exchanges the trustee may pursue.
Chapter 9ExchangeRight's Net-Leased All-Cash 16 DST Fully Subscribed, Providing 1031 Exchange Investors Historically Recession-Resilient RetailExchangeRight announced full subscription of its $46.1 million debt-free Net-Leased All-Cash 16 DST, a four-property Florida portfolio tenanted by Hy-Vee Grocery, Sprouts Farmers Market, Tractor Supply, and Dollar General Market, paying a 5.08% current annualized distribution. ExchangeRight's Net-Leased All-Cash 16 DST Fully Subscribed at $46.1 MillionAltsWire trade-press coverage of ExchangeRight fully subscribing its $46.1 million Net-Leased All-Cash 16 DST, a recession-resilient Florida net-lease portfolio.