ExchangeRight Net-Leased All-Cash 19 DST
Net-leased retail (necessity-based) property — sponsored by ExchangeRight
Minimum investment
$100k
Offering size
$26.9M
How much has sold
None sold yet
Asset type
Net-leased retail (necessity-based) property
Location
Not stated
Financing
All cash. This offering reports no mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
ExchangeRight Net-Leased All-Cash 19 DST is a Delaware statutory trust (DST) — a structure that lets 1031 exchange investors hold fractional interests in real estate. It holds three single-tenant, net-leased buildings in Washington, Alabama and Illinois occupied by Fred Meyer, Hobby Lobby and Verizon, and carries no mortgage debt.1 ExchangeRight announced full subscription and closure to new investors on August 19, 2026.1
No public property data; 506(b). Entity registered 2025-08-27; AL foreign registration suggests an AL property
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These links support the public record as a whole; individual details may come from different sources.
Location not on recordThe SEC filings for this offering do not give a property address. The filing history below is the current public record.
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?
The portfolio is necessity-based single-tenant retail. A distributor summary identifies the three assets as a Fred Meyer in Shelton, Washington, a Hobby Lobby in Scottsboro, Alabama, and a Verizon Wireless store in Roscoe, Illinois, and reports all three fully occupied and single-tenant net-leased.2 Those are distributor-reported details rather than primary records, and no primary acquisition or closing record was located for the buildings.
- Property size
- 122,149 square feet (3 properties)
Who is the tenant, and what's the lease?
Under a net lease, the tenant carries taxes, insurance and maintenance rather than the landlord. ExchangeRight says the buildings sit beneath a single 20-year master lease guaranteed by its affiliated Essential Income REIT, with an initial 10.7-year weighted-average lease term across the underlying tenants.1
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.
The sponsor reported this offering sold out without filing per-sale amendments, so there is no raise history to show.
How is it financed, and what does it pay?
There is no lender in this deal: no loan to refinance at maturity, no covenants to breach, and no mortgage holder that could foreclose if rent stops. Nothing borrowed magnifies results in either direction, so cash flow tracks rent actually collected. For a 1031 exchanger, there is no debt to replace.
- Financing
- All cash. This offering reports no mortgage debt.
Who's behind it?
ExchangeRight Real Estate, LLC assembles necessity-based, single-tenant net-leased portfolios for 1031 exchange investors, and this Trust belongs to its numbered debt-free series.1 The master-lease guarantor named in the sponsor's announcement, Essential Income REIT, is an ExchangeRight affiliate rather than an unrelated third party.1 The firm has also moved beyond retail: CRE 360 Signal reported on August 27, 2026 a $94.8 million purchase of a 749,550-square-foot Amazon-leased distribution building.
- Sponsor
- ExchangeRight
- Legal Trust name
- ExchangeRight Net-Leased All-Cash 19 DST
- May convert to a REIT
- No
- 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 Trust noticed its offering under the private-placement exemption that bars general advertising, so interests reached accredited investors — those meeting SEC income or net-worth tests — through existing sponsor and broker-dealer relationships. That notice has never been amended, so the federal record still predates the sponsor's August 19, 2026 full-subscription announcement.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 ExchangeRight Net-Leased All-Cash 19 DST still raising money?
Top1031 lists ExchangeRight Net-Leased All-Cash 19 DST 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 ExchangeRight Net-Leased All-Cash 19 DST?
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.
Is this Trust still accepting new investors?
No. ExchangeRight announced on August 19, 2026 that the Net-Leased All-Cash 19 DST was fully subscribed, that the offering had closed, and that it is not accepting new investors. The Trust's only SEC filing is a Form D notice dated March 13, 2026 — a pre-first-sale snapshot that has never been amended, so the federal record has not caught up to the sponsor's announcement. Anyone mid-exchange should confirm current availability directly with the sponsor or a participating broker-dealer.
Who are the tenants and where are the properties?
ExchangeRight's August 19, 2026 announcement describes three net-leased properties across Washington, Alabama and Illinois occupied by Fred Meyer, Hobby Lobby and Verizon. A distributor summary for the same offering places them at a Fred Meyer in Shelton, Washington (301 East Wallace-Kneeland Boulevard), a Hobby Lobby in Scottsboro, Alabama (481 Alex Garcia Street), and a Verizon Wireless store in Roscoe, Illinois (4601 East Rockton Road), and reports all three fully occupied. Those are sponsor and distributor materials, not SEC-confirmed property records; the Private Placement Memorandum (PPM), the governing offering document, controls.
What is a master lease, and why does it matter here?
In a master lease, one entity leases the entire portfolio from the Trust, pays rent up to it, and subleases space to the operating tenants. ExchangeRight says this portfolio sits under a 20-year master lease guaranteed by its Essential Income REIT — an entity affiliated with the sponsor rather than an unrelated third party. A distributor summary reports the master lease expiring February 28, 2046 and held by an ExchangeRight-affiliated master lessee. The guaranty's exact terms and limits are matters for the PPM.
When do the underlying tenant leases expire?
A distributor summary of the offering materials reports individual lease expirations of November 2034 for Fred Meyer, December 2035 for Verizon and December 2040 for Hobby Lobby. ExchangeRight's own announcement states an initial weighted-average lease term of 10.7 years across the portfolio. The individual expirations are distributor-reported rather than confirmed by a federal filing; the PPM's rent roll governs.
What does it mean that the Trust has no mortgage?
ExchangeRight describes the offering and the portfolio as debt-free and unleveraged. With no loan there is no maturity date to refinance, no lender covenants to breach, and no lender that could foreclose if a tenant stops paying — but also no borrowed capital amplifying results in either direction. For a 1031 exchanger, an all-cash Trust carries no debt to replace, which matters if the relinquished property had a mortgage that would otherwise need to be matched.
What does the SEC record actually confirm about this Trust?
The Form D filed March 13, 2026 confirms the issuer's identity — ExchangeRight Net-Leased All-Cash 19 DST, CIK 0002120092 — that it is a Delaware business trust organized in 2025 with its principal place of business in Pasadena, California, a stated $100,000 minimum investment, equity securities, and reliance on Rule 506(b). It contains no property schedule, no lease terms and no tenant names. Every property, tenant, occupancy and lease detail on this page comes from sponsor or distributor material rather than a federal filing.
Chapter 9ExchangeRight Net-Leased All-Cash 19 DSTMarketplace listing for the All-Cash 19 DST confirming the offering exists.