Amazon distribution center
Net lease (series pattern) property in Republic, Missouri — sponsored by ExchangeRight
Files with the SEC as ExchangeRight Essential Income 12 DST
Minimum investment
$100k
Offering size
$123.5M
How much has sold
None sold yet
Asset type
Net lease (series pattern) property
Location
Republic, Missouri
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?
ExchangeRight Essential Income 12 DST is a Delaware statutory trust — a structure that lets 1031 exchangers hold fractional interests in real estate — whose sole asset is an Amazon distribution center in Republic, Missouri, completed in 2021.3 Sponsor-derived material reports the trust holds it all-cash and debt-free.7 Its stated exit is a 721/UPREIT swap of trust interests for units in ExchangeRight's Essential Income REIT. The Offering is raising.
REIT Fast-Track series: 721 exit to Essential Income REIT; 506(b), no public property data; no closure PR as of 2026-07
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These links support the public record as a whole; individual details may come from different sources.
Republic, Missouri · exact location not on recordThe filings name the market but not an address we can place on a map.
What exactly is the property?
The distribution center was completed in 2021 and sits in the Springfield, Missouri metropolitan area.3 Sponsor-derived material reports the trust acquired it from an unaffiliated third party on June 12, 2026 for $108,838,385, against a reported as-is appraised value of $109,400,000.6 The same material reports a $7.19 million seller-funded TPO roof replacement, carrying a 20-year warranty, completed in connection with the purchase.7
- Property address
- 3200 East Sawyer Road, Republic, Missouri 65738
- Property size
- approximately 1,083,102-square-foot Amazon distribution center on roughly 114.2 acres
Who is the tenant, and what's the lease?
Sponsor-derived material reports the building 100% leased to Amazon.com Services LLC through July 31, 2036 on a double-net basis — the tenant covers most operating costs while the owner keeps some structural responsibility — with a parent guarantee from Amazon.com, Inc.4 Base rent under a reported 20-year master lease is guaranteed by ExchangeRight's Essential Income REIT operating partnership.5
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.
Raise history appears here once sales are filed — free account required.
How is it financed, and what does it pay?
Sponsor-derived material reports the trust took title free of mortgage debt: no lender, no loan maturity that could force a sale or refinancing, and no mortgage payment standing ahead of investors.7 That material also reports a $7,482,890 seller escrow established at closing.7
Who's behind it?
ExchangeRight runs a recurring net-lease DST program, and AltsWire described Essential Income 12 as the sponsor's largest offering launched in June 2026.2 The Trust belongs to the sponsor's REIT Fast-Track series, which routes investors toward the Essential Income REIT; AltsWire reported that REIT's net asset value at $905.7 million as of June 30, 2026, following the acquisition of 39 properties through DST merger agreements.9 ExchangeRight said it fully subscribed its $90.67 million Net-Leased Portfolio 73 DST on July 14, 2026.10
- Sponsor
- ExchangeRight
- Legal Trust name
- ExchangeRight Essential Income 12 DST
- May convert to a REIT
- Yes
- Offerings from this sponsor
- 24 active / 59 total offerings from ExchangeRight
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
No amendment has been filed since the trust's original exempt-offering notice, and that notice does not name the property, tenant, or lease — those facts come from sponsor-derived material.1 Rule 506(b) means no general advertising: interests go to accredited investors, those meeting SEC income or net-worth tests, through pre-existing relationships.1
- 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.
What should I verify in the PPM?
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 Amazon distribution center still raising money?
Top1031 lists Amazon distribution center 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 Amazon distribution center?
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.
What does this Trust actually own?
One property: an approximately 1,083,102-square-foot Amazon distribution center on roughly 114.2 acres at 3200 East Sawyer Road, Republic, Missouri, in the Springfield metro area. Sponsor-derived material reports the building was completed in 2021 and that the trust acquired it on June 12, 2026 for $108,838,385 from an unaffiliated third party. There is no second asset, so all rent depends on this one building and tenant.
Is there a mortgage on the property?
Sponsor-derived material reports the trust is 100% equity — all-cash, with no in-place financing. In practice that removes lender risk: no loan maturity, no refinancing deadline, and no debt service ahead of investors. It also means there is no mortgage magnifying returns or losses. Because the SEC Form D says nothing about debt, confirm the capital structure directly in the PPM before relying on it.
Is the Amazon lease triple-net?
Sponsor-derived material describes it as double-net rather than triple-net: the tenant carries most operating expenses, but ownership typically retains certain structural or roof-and-structure obligations. That distinction matters for capital expenditure exposure. The same material reports a seller-funded roof replacement with a 20-year warranty completed at acquisition, a lease running through July 31, 2036, and a parent guarantee from Amazon.com, Inc.
What does the 721/UPREIT exit mean here?
The Trust is part of ExchangeRight's REIT Fast-Track series, designed so trust interests are later exchanged under Section 721 for units in the ExchangeRight Essential Income REIT. That trades a single-property interest for a share in a diversified portfolio, and it generally ends the ability to do a future 1031 exchange on that position. The PPM sets out timing, mechanics, and whether investors get a vote.
Can anyone invest in this Offering?
No. It is offered under Rule 506(b), an SEC exemption for private placements sold without general advertising, to accredited investors — people meeting SEC income or net-worth tests — usually through pre-existing broker-dealer or adviser relationships. The Form D also reports a $100,000 minimum investment. Top1031 does not sell interests and is not a broker-dealer.
How far along is the raise?
The June 15, 2026 Form D reported no sales yet at the time of filing. Separately, marketplace material published by Baker 1031 on July 31, 2026 labeled the offering limited availability and reported $14,913,348 of equity available. Those two figures are not synchronized, and no updated Form D amendment has been filed, so current availability must be confirmed with the sponsor or selling broker-dealer.
Chapter 10DST Fundraising Reaches $731.4M in June, YTD Pace Up 22% to $4.5BIndustry round-up reporting that ExchangeRight launched its largest offering of the month — the ER Essential Income 12 DST, targeting approximately $123.5 million for an industrial asset in Missouri — with ExchangeRight year-to-date raising roughly $322.9 million for a 7.2% market share.