Top1031

ExchangeRight Net-Leased All-Cash 19 DST

Net-leased retail property in Scottsboro, AL · sponsored by ExchangeRight

Sold outReported fully subscribed · latest Form D Mar 13, 2026 (opens in a new tab)

ExchangeRight Net-Leased All-Cash 19 DST is a DST sponsored by ExchangeRight that owns a net-leased retail property in Scottsboro, AL (122,149 square feet). Its latest Form D, filed Mar 13, 2026, lists a $26.9 million offering with a $100,000 minimum.

Key facts

Minimum investment
$100,000
From the Form D
Offering size
$26,950,000
Equity offered, per the Form D
Sold so far
Not reported after the first Form D (Mar 13, 2026)
Form D, Mar 13, 2026
Selling commissions
$1,347,500 · 5.0% of offering
Form D Item 15; the % is our arithmetic
Financing
All cash. This offering reports no mortgage debt.
How it is financed ↓
Offered under
Rule 506(b)
General advertising and solicitation are not permitted under this exemption.

Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →

Can I still invest?

No new interests: the offering is reported fully subscribed.

Other ExchangeRight offerings on record

Availability changes without a filing. The sponsor or a registered representative can confirm what is open.

Looking for an offering like this one? A licensed 1031 specialist from our affiliated partner can talk through what is on record.

Ask a 1031 specialist about this recordFree. About: ExchangeRight Net-Leased All-Cash 19 DST. Top1031 is not a broker-dealer.

No photo on record. Scottsboro, AL · no mappable address in the filings.

What does the Trust own?

ExchangeRight's offering documents say the Trust bought the three buildings from unaffiliated sellers between February 20 and March 4, 2026 for an aggregate $22,750,545. 2 They stand at 301 East Wallace-Kneeland Boulevard in Shelton, Washington; 481 Alex Garcia Street in Scottsboro, Alabama; and 4601 East Rockton Road in Roscoe, Illinois. 2 The offering distributor reports all three fully occupied under net leases. 1

Property address
481 Alex Garcia Street, Scottsboro, AL
Property size
122,149 square feet (3 properties)

Tenant and lease terms are not in the SEC filings or cited sources.

How is it financed, and what did it cost to sell?

ExchangeRight describes the portfolio as unleveraged and the offering as debt-free. 3 With no lender there is no loan to refinance, no covenants to breach, and no mortgage holder that could foreclose, and no borrowed money magnifying results either way. An exchanger carrying debt on a relinquished property finds none here.

Debt

Financing
All cash. This offering reports no mortgage debt.

Costs and terms from the Form D

Selling commissions
$1,347,500 · 5.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$0 · 0.0% of offering
Form D Item 16
Broker-dealers named in the Form D
1 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Not in the Form D
Minimum investment
$100,000

Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together.

What does the SEC record show?

The Trust noticed its offering under Rule 506(b), 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. 4 The notice describes a Delaware business trust formed in 2025. 4

Legal Trust name
ExchangeRight Net-Leased All-Cash 19 DST
SEC CIK
2120092
First Form D
Mar 13, 2026
Latest Form D
Mar 13, 2026
Filings on record
1
Offered under
Rule 506(b)
General advertising and solicitation are not permitted under this exemption.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount sold
Form D$26,950,000
$0
EDGAR

Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.

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.

Common questions

Can I still invest in ExchangeRight Net-Leased All-Cash 19 DST?
No new interests: ExchangeRight Net-Leased All-Cash 19 DST is reported fully subscribed. Top1031 lists it as recently fully subscribed and does not count it as an active offering.
What does the Trust own, and who are the tenants?
It owns three single-tenant retail buildings. ExchangeRight's offering documents place them at 301 East Wallace-Kneeland Boulevard in Shelton, Washington; 481 Alex Garcia Street in Scottsboro, Alabama; and 4601 East Rockton Road in Roscoe, Illinois. Baker 1031 Investments, a distributor of the offering, identifies the Shelton tenant as Fred Meyer, operated by Kroger, in a 68,459-square-foot store; Hobby Lobby in 50,354 square feet at Scottsboro; and a Verizon Wireless store in 3,336 square feet at Roscoe, and reports all three 100% occupied under net leases.
When do the underlying tenant leases expire?
Baker 1031 Investments lists the Shelton Fred Meyer lease as expiring November 30, 2034, the Roscoe Verizon Wireless lease as expiring December 31, 2035, and the Scottsboro Hobby Lobby lease as expiring December 31, 2040. Those are the leases with the operating tenants. The Trust itself collects under a separate master lease, which the same distributor describes as a single 20-year term covering all three properties and expiring February 28, 2046.
What is a master lease, and who guarantees it?
In a master lease, one entity leases the whole portfolio from the trust, pays rent up to it, and collects from the operating tenants; DSTs use the structure because the trust itself is restricted from actively managing property. ExchangeRight's offering documents say the master lessee here, ExchangeRight Net-Leased All-Cash 19 Master Lessee, LLC, is wholly owned by the sponsor, and name ExchangeRight Income Fund Operating Partnership, LP as guarantor. The guaranty therefore comes from a sponsor affiliate, and its limits and remedies are set out in the offering documents that govern the offering.
What does it mean that the Trust has no mortgage?
ExchangeRight describes the portfolio as unleveraged and the offering as debt-free. 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 when the relinquished property had a mortgage that would otherwise need to be matched.
What did the Trust pay for the properties?
ExchangeRight's offering documents report an aggregate purchase price of $22,750,545 for the three buildings. The same memorandum says the properties were acquired from unaffiliated sellers during the period February 20 through March 4, 2026. The Form D filed with the SEC on March 13, 2026 states a total offering amount of $26,950,000, which is equity rather than purchase price.
What does the SEC filing itself confirm?
The Form D filed March 13, 2026 (accession 0002120092-26-000001) identifies the issuer as ExchangeRight Net-Leased All-Cash 19 DST, CIK 2120092, a Delaware business trust formed in 2025, offering equity in reliance on Rule 506(b) with a stated minimum investment of $100,000. It contains no property schedule, tenant names or lease terms. The property, tenant and lease details on this page come from the sponsor's memorandum and an offering distributor.

In the news

Sources

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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 offering documents before investing.