6-property net-lease portfolio
Net-leased retail/healthcare in Multi-state (3) — sponsored by ExchangeRight
Files with the SEC as ExchangeRight Net-Leased All-Cash 17 DST
Minimum investment
$100k
Offering size
$41.9M
How much has sold
None sold yet
Asset type
Net-leased retail/healthcare
Location
Multi-state (3)
Financing
All cash. This offering reports no mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
This is a Delaware statutory trust (DST) — a passive co-ownership vehicle that qualifies as replacement property in a 1031 exchange — holding six net-leased retail and healthcare buildings across Texas, Illinois and Ohio.2 ExchangeRight sponsors it, and the portfolio carries no mortgage debt.2 ExchangeRight announced on April 28, 2026 that the offering was fully subscribed and closed to new investors.2
$41.9M debt-free; 5.15% dist; WALT 14.1yr; Sprouts, Tractor Supply, Hobby Lobby, WellMed, Dollar Tree
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These links support the public record as a whole; individual details may come from different sources.
TX · 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 this portfolio from single-tenant retail and healthcare buildings leased to national and regional operators, spread across Texas, Illinois and Ohio.2 Neither the Form D nor the sponsor's announcement discloses the individual street addresses, when the buildings were acquired, or what the trust paid for them. The property schedule in the PPM — the private placement memorandum governing the offering — is where that detail lives.
- Reported location
- Multi-state (3)
- Property size
- 6 properties / 148,408 SF
Who is the tenant, and what's the lease?
ExchangeRight names Sprouts Farmers Market, Tractor Supply, Hobby Lobby, WellMed and Dollar Tree as the tenants, and reports an initial weighted-average lease term of 14.1 years.2 Net leases push most operating costs — taxes, insurance, maintenance — onto tenants rather than the trust, though the split varies lease by lease. No public source maps each tenant to a specific building.
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?
There is no mortgage on the portfolio, so no lender, no loan maturity, and no refinancing or debt-default risk to manage.2 The trade-off: an investor whose relinquished property carried a mortgage gets no debt replacement here, which can leave taxable boot.
- Financing
- All cash. This offering reports no mortgage debt.
Who's behind it?
ExchangeRight is a repeat sponsor of net-leased DST offerings, running an all-cash series alongside leveraged portfolios and its Essential Income REIT.2 The firm announced on April 28, 2026 that this trust had been fully subscribed and closed to new investors.2 On July 22, 2026 it named Ross Wood Director of Acquisitions for industrial investments, extending its sourcing into distribution and logistics facilities.
- Sponsor
- ExchangeRight
- Legal Trust name
- ExchangeRight Net-Leased All-Cash 17 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?
No amendment to the trust's Form D — the brief notice an issuer files with the SEC when selling securities privately — appears on EDGAR, so the figures on record still reflect the original filing, months before ExchangeRight announced full subscription.2 It was sold without public advertising, to accredited investors already known to the sponsor's selling group.
- 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 6-property net-lease portfolio still raising money?
Top1031 lists 6-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 6-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 April 28, 2026 that ExchangeRight Net-Leased All-Cash 17 DST was fully subscribed, closed, and no longer accepting new investors.[2] The SEC record has not been amended since the original Form D filing, so figures there predate that announcement.[1]
What does a debt-free DST mean for my exchange?
With no mortgage on the portfolio, there is no loan to mature, refinance, or default on. But a 1031 exchange requires replacing debt as well as equity: if your relinquished property carried a mortgage, an all-cash DST supplies no replacement debt, and the shortfall can create taxable boot unless covered another way.
Where are the properties, and who are the tenants?
The portfolio spans Texas, Illinois and Ohio, with Sprouts Farmers Market, Tractor Supply Company, Hobby Lobby, WellMed and Dollar Tree named as tenants.[2] Individual street addresses and a one-to-one tenant-to-building map are not in the public filings or the sponsor's announcement; ask for the PPM property schedule.
Does this Trust convert into a REIT?
Top1031's record shows no REIT conversion feature for this Trust. Separately, ExchangeRight's April 28, 2026 announcement describes an exit strategy contemplating a 1031 exchange, a 721 exchange into its Essential Income REIT, a cash-out, or combinations, with no guarantee those objectives are achieved.[2] Confirm what the trust agreement and PPM actually permit.
How was this offering sold, and who could buy it?
Under Rule 506(b), an exemption that bars general advertising and limits sales to accredited investors — those meeting SEC income or net-worth thresholds — with whom the sponsor or its selling group had a pre-existing relationship.[1] The Form D also states a minimum investment accepted from any outside investor.[1]
Chapter 9ExchangeRight Announces Full Subscription of $41.9 Million Net-Leased All-Cash 17 DSTExchangeRight announced full subscription of its $41.9 million debt-free Net-Leased All-Cash 17 DST, a six-property portfolio of net-leased retail and healthcare across Texas, Illinois, and Ohio, paying a 5.15% current annualized distribution.