Top1031

6-property net-lease portfolio

3 net-leased retail properties in 3 states · sponsored by ExchangeRight

Sold outReported fully subscribed · latest Form D Sep 26, 2025 (opens in a new tab)

6-property net-lease portfolio is a DST sponsored by ExchangeRight that owns 3 net-leased retail properties in 3 states. Its latest Form D, filed Sep 26, 2025, lists a $41.9 million offering with a $100,000 minimum.

Key facts

Minimum investment
$100,000
From the Form D
Offering size
$41,900,000
Equity offered, per the Form D
Sold so far
Not reported after the first Form D (Sep 26, 2025)
Form D, Sep 26, 2025
Selling commissions
$2,095,000 · 5.0% 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(b)
General advertising and solicitation are not permitted under this exemption.

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.

Other ExchangeRight 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: 6-property net-lease portfolio. Top1031 is not a broker-dealer.

No photo on record. Multiple property locations are on record; no single map.

What does 6-property net-lease portfolio own?

The portfolio is made up of single-tenant retail and healthcare buildings in Texas, Illinois and Ohio, leased to national and regional operators. 2 ExchangeRight grouped them into one trust under its all-cash series, which holds real estate without mortgage debt. 2

Reported location
Multi-state (3)
Property size
6 properties / 148,408 SF

Tenant and lease terms are not in the SEC filings or cited sources.

How is it financed, and what did it cost to sell?

There is no mortgage on the portfolio, so there is no lender, no loan maturity and no refinancing risk. For an exchanger, the trade-off is that a debt-free trust supplies no replacement debt, so a mortgage paid off on the sold property can leave taxable boot.

Debt

Financing
All cash. This offering reports no mortgage debt.

Costs and terms from the Form D

Selling commissions
$2,095,000 · 5.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$0 · 0.0% of offering
Form D Item 16
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
Not in the Form D
Minimum investment
$100,000

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.

What does the SEC record show?

The offering was made under Rule 506(b), an exemption that bars public advertising and limits buyers to accredited investors, people who meet SEC income or net-worth tests, who already knew the sponsor or its selling group. 1 The Form D covered equity interests in the Delaware statutory trust. 1

Legal Trust name
ExchangeRight Net-Leased All-Cash 17 DST
SEC CIK
2080882
First Form D
Sep 26, 2025
Latest Form D
Sep 26, 2025
Filings on record
1
Offered under
Rule 506(b)
General advertising and solicitation are not permitted under this exemption.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount sold
Form D$41,900,000
$0
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 6-property net-lease portfolio?
No new interests: 6-property net-lease portfolio is reported fully subscribed. Top1031 lists it as recently fully subscribed and does not count it as an active offering.
What does this Trust own?
It owns six net-leased retail and healthcare buildings totaling 148,408 square feet across Texas, Illinois and Ohio. ExchangeRight's April 28, 2026 announcement describes them as long-term net-leased properties held in a single debt-free portfolio.
Who are the tenants, and how long are the leases?
ExchangeRight names Sprouts Farmers Market, Tractor Supply Company, Hobby Lobby, WellMed and Dollar Tree as the tenants of the six properties. The sponsor's April 28, 2026 announcement reports an initial weighted-average lease term of 14.1 years across the portfolio.
Does this Trust have a mortgage?
No. The portfolio is held all cash, with no loan against it, which is what the "All-Cash" in the trust's name refers to. In a 1031 exchange, debt on the property you sold normally has to be replaced; a debt-free trust provides none, and that gap can create taxable boot unless it is covered another way.
How might this Trust eventually exit?
ExchangeRight's April 28, 2026 announcement describes an exit that could involve a 1031 exchange, a 721 exchange into the sponsor's Essential Income REIT, a cash-out, or a combination, and states that those objectives are not guaranteed. A 721 exchange trades the property for operating partnership units in a REIT, which generally ends the ability to do further 1031 exchanges.
Who is ExchangeRight, and who could buy into this offering?
ExchangeRight is a sponsor of net-leased DST portfolios and the manager of the Essential Income REIT. This trust was offered under Rule 506(b), which restricts sales to accredited investors with a pre-existing relationship to the sponsor or its selling group, and the Form D filed September 26, 2025 states a $100,000 minimum investment from an outside investor.

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.