7-property net-leased retail portfolio
Legal trust name ExchangeRight Essential Income 5 DST
Talk to a 1031 specialistData updated Aug 25, 2025
Offering size$38.1M
Asset typeNet Lease
LocationNY
FinancingNot disclosed
Regulation D exemptionRule 506(b)
Sponsor-reported potential 721/UPREIT exitYes
First filedAug 25, 2025
Last filedAug 25, 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's Essential Income 5 DST, a roughly $38.1 million offering spanning 209,869 square feet across seven properties in seven markets across New York, Alabama, Washington, Missouri, and Indiana. The properties are leased to Hy-Vee, Tractor Supply Company, and Dollar General. ExchangeRight, based in Pasadena, California, sponsors and manages the program within its Essential Income DST series. The sponsor reported on February 26, 2026 that the offering reached full subscription and is closed to new investors, with a planned Section 721 exchange into the Essential Income REIT after roughly a two-year hold.
5.50% rate; 20yr REIT master lease; 721 exit ~2yr; Hy-Vee, Tractor Supply, Dollar General; 7 markets
209,869 SF / 7 propertiesBased on issuer-filed Form D notices through Aug 25, 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$38,115,000
Investor count reported in latest Form DNot disclosed
Stated minimum investment$100,000
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First filedAug 25, 2025
Latest filingAug 25, 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's Essential Income 5 DST is a net-leased retail portfolio the sponsor values at approximately $38.1 million, totaling 209,869 square feet across seven properties in seven markets and five states: New York, Alabama, Washington, Missouri, and Indiana 1. The properties are leased to Hy-Vee, Tractor Supply Company, and Dollar General, tenants ExchangeRight describes as historically recession-resilient 1.
Sponsor and structure
ExchangeRight, headquartered in Pasadena, California, is the sponsor and manager, positioning the offering within its Essential Income DST series designed to fast-track investors into the Essential Income REIT 1. The offering is supported by a 20-year master lease guarantee provided by ExchangeRight's Essential Income REIT and its Operating Partnership 1. The sponsor's stated exit plan calls for a tax-deferred Section 721 exchange into the Essential Income REIT after approximately a two-year hold 1.
Offering progress
The issuer filed a Form D notice dated August 25, 2025, reporting a total offering amount of $38,115,000 with none sold as of that date 2. As of February 26, 2026, ExchangeRight reported the offering had reached full subscription and was closed to new investors 1. Top1031's structured record, drawn from the same filing data, classifies the program as a Section 721 exit vehicle 3.
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.