7-property net-leased retail portfolio
Net lease retail in Multi-state (4) — sponsored by ExchangeRight
Files with the SEC as ExchangeRight Essential Income 3 DST
Minimum investment
$100k
Offering size
$22.6M
How much has sold
None sold yet
Asset type
Net lease retail
Location
Multi-state (4)
Financing
Not stated. The filings for this offering do not say whether it carries mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
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.
Show sources (3)Hide sources (3)
These links support the historical public record; individual details may come from different sources.
- exchangeright.com ↗Sponsor disclosure
- SEC EDGAR ↗Public record
- exchangeright.com ↗
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?
- Reported location
- Multi-state (4)
- Property size
- seven properties; 67,374 square feet
How did it end?
No sale or other ending on record
We have not found a public record of how this offering ended. That is not the same as knowing it still operates.
5.50% rate; 20yr REIT master lease; 721 exit ~2yr; AutoZone, Dollar General, Tractor Supply, Dollar Tree, Truist
seven properties; 67,374 square feetWho's behind it?
- Sponsor
- ExchangeRight
- Legal Trust name
- ExchangeRight Essential Income 3 DST
- May convert to a REIT
- Yes
- 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?
- 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
What happened to 7-property net-leased retail portfolio?
Top1031 lists 7-property net-leased retail portfolio as historical. It is no longer raising money.
Where does Top1031 get the data for 7-property net-leased retail 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.
Chapter 7ExchangeRight's Essential Income 3 DST Fully Subscribed Amid Soaring Investor Demand for DSTs With Expedited 721 REIT AccessExchangeRight announces full subscription of Essential Income 3 DST, a $22.6 million portfolio of seven net-leased retail properties (67,374 sq ft) in Florida, Alabama, Nevada, and New Jersey, leased to AutoZone, Dollar General, Tractor Supply, Dollar Tree, and Truist Bank at a 5.50% current distribution rate with a 20-year master lease guarantee from Essential Income REIT.