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
All cash. This offering reports no 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 — fractional real estate ownership that can receive 1031 exchange proceeds — holding a single Amazon distribution center in Republic, Missouri, built in 2021.2 Sponsor-affiliated material reports the trust bought the building for $108,838,385, free and clear of mortgage debt.2 The planned exit is a 721/UPREIT swap of trust interests for REIT units. 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.
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?
Sponsor-affiliated offering material reports the single-tenant industrial building was completed in 2021 and sits in the Springfield metropolitan area.2 The same material states the trust acquired it for $108,838,385 against a stated as-is appraised value of $109,400,000.2 It also reports a seller-funded roof replacement costing $7.19 million was completed in connection with the acquisition, with the new TPO membrane carrying a 20-year warranty.2
- 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-affiliated material describes the building as 100% leased to Amazon.com Services LLC through July 2036 on a double-net basis — the tenant carries most operating costs while ownership keeps certain structural obligations — with the lease guaranteed by parent Amazon.com, Inc.2 The trust also entered a 20-year master lease guaranteed by an ExchangeRight REIT affiliate.2
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-affiliated material reports the trust took the property all-cash and free of mortgage debt: no lender, no loan maturity, and no refinancing deadline set on someone else's schedule.2 The exempt-offering notice filed with the SEC says nothing about debt or about any authority to borrow later.1
Who's behind it?
ExchangeRight Real Estate, LLC sponsors this Trust and runs a recurring net-lease DST program.2 The Trust belongs to the sponsor's REIT Fast-Track series, which routes investors into the Essential Income REIT rather than toward a later property sale. AltsWire reported on July 22, 2026 that the REIT's net asset value reached $905.7 million as of June 30, 2026, after acquiring 39 properties through DST merger agreements.3 ExchangeRight announced full subscription of its $90.67 million Net-Leased Portfolio 73 DST on July 14, 2026.4
- Sponsor
- ExchangeRight
- Legal Trust name
- ExchangeRight Essential Income 12 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?
The original exempt-offering notice has not been amended, and it names neither the property, the tenant, nor the lease; those details come from sponsor-affiliated material dated July 27, 2026.2 Under the exemption claimed, interests reach accredited investors — people meeting SEC income or net-worth tests — through pre-existing relationships rather than public advertising.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.
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 metropolitan area. Sponsor-affiliated offering material reports the building was completed in 2021, is 100% leased to Amazon.com Services LLC, and was acquired for $108,838,385 against a stated as-is appraised value of $109,400,000. There is no second asset, so all rent depends on this single building and tenant.
Is the Amazon lease triple-net?
Sponsor-affiliated offering material describes it as double-net rather than triple-net: the tenant carries most operating expenses while ownership retains certain structural obligations, which matters for capital-expenditure exposure. The same material reports the lease runs to July 2036 with 1.85% annual rent escalations and five five-year renewal options, and that Amazon.com, Inc. guarantees its subsidiary's obligations. The PPM — the private placement memorandum governing the deal — is where the actual expense allocation is defined.
Who paid for the roof?
Sponsor-affiliated offering material reports that a seller-funded roof replacement costing $7.19 million was completed in connection with the acquisition, and that the new TPO membrane roof carries a 20-year warranty. That shifts a large near-term capital item off the trust's books. Warranty terms, who holds them, and any remaining structural reserve are set out in the PPM.
Is there a mortgage on the property?
Sponsor-affiliated offering material describes the offering as all-cash with no property debt, reporting the trust acquired the building free and clear for $108,838,385 and that the offering is raised entirely as owner equity. That would mean no loan maturity, no refinancing deadline, and no debt service ranking ahead of investors; it also means no mortgage magnifies gains or losses. The SEC exempt-offering notice says nothing about capital structure, so current debt and any authority to borrow later are questions for the PPM.
What does the 721/UPREIT exit mean here?
The Trust is part of ExchangeRight's REIT Fast-Track series, structured so trust interests are later exchanged under Internal Revenue Code Section 721 for operating-partnership 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.
What is the master lease, and why does an affiliate guarantee it?
In this structure the trust leases the whole property to a master lessee affiliated with the sponsor, which then holds the Amazon lease — a common DST arrangement because a Delaware statutory trust is limited in how actively it can manage real estate. Sponsor-affiliated material reports the master lease runs 20 years and is guaranteed by ExchangeRight Essential Income REIT Operating Partnership, meaning an affiliate of the sponsor stands behind the trust's rent rather than an unrelated third party.
Chapter 9DST 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.