7-property net-leased retail portfolio
Legal trust name ExchangeRight Essential Income 3 DST
Talk to a 1031 specialistData updated Apr 18, 2025
Offering size$22.6M
Asset typeNet Lease
LocationFL
FinancingNot disclosed
Regulation D exemptionRule 506(b)
Sponsor-reported potential 721/UPREIT exitYes
First filedApr 18, 2025
Last filedApr 18, 2025
Minimum$100k
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.
The "7-property net-leased retail portfolio" is ExchangeRight Essential Income 3 DST, a roughly $22.6 million Delaware statutory trust sponsored by ExchangeRight. It holds seven net-leased properties totaling 67,374 square feet across Florida, Alabama, Nevada, and New Jersey, leased to AutoZone, Dollar General, Tractor Supply, Dollar Tree, and Truist Bank. The offering is fully covered by in-place rents and supported by a 20-year master lease guarantee from the Essential Income REIT and its Operating Partnership. The planned exit, after a targeted two-year hold, is a tax-deferred Section 721 exchange into the Essential Income REIT. The sponsor reported the offering reached full subscription and closed on December 2, 2025.
5.50% rate; 20yr REIT master lease; 721 exit ~2yr; AutoZone, Dollar General, Tractor Supply, Dollar Tree, Truist
67,374 SF / 7 propertiesBased on issuer-filed Form D notices through Apr 18, 2025. 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 amount0.0%Current Form D data does not support a reliable raise-progress estimate.
Not enough filing history for a trend line.
Capital sold, per latest Form D—
Remaining amount reported in latest Form D$22,615,000
Investor count reported in latest Form DNot disclosed
Stated minimum investment$100,000
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First filedApr 18, 2025
Latest filingApr 18, 2025
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
Portfolio identity
ExchangeRight Essential Income 3 DST is a seven-property, net-leased retail portfolio totaling 67,374 square feet across Florida, Alabama, Nevada, and New Jersey, with an offering size of roughly $22.6 million 1. The properties are leased to AutoZone, Dollar General, Tractor Supply, Dollar Tree, and Truist Bank 1. An issuer Form D dated April 18, 2025 recorded a total offering amount of $22,615,000 2.
Lease structure and exit
The offering is fully covered by in-place rents and supported by a 20-year master lease guarantee from the Essential Income REIT and its Operating Partnership 1. After a targeted two-year hold, the planned exit for DST investors is a tax-deferred Section 721 exchange into the Essential Income REIT 1.
Offering status
ExchangeRight reported that the DST reached full subscription and closed to new investors on December 2, 2025 1.
Sources (2)
In the news
Frequently asked questions
Is 7-property net-leased retail portfolio currently active?
7-property net-leased retail portfolio 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 7-property net-leased retail portfolio?
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.