ExchangeRight Net-Leased All-Cash 20 DST
Net-leased retail (debt-free/all-cash) property in Burleson; Sumter; El Paso; Belton; Pelham; Converse, Texas, South Carolina, and Alabama — sponsored by ExchangeRight
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
ExchangeRight Net-Leased All-Cash 20 DST is a Delaware business trust — fractional, passive property ownership that can qualify as 1031 exchange replacement property — organized in 2026.1 It holds six single-tenant, fully occupied net-leased retail buildings across Texas, South Carolina and Alabama, owned free and clear of mortgage debt.2 Interests are sold privately to accredited investors, buyers who meet SEC income or net-worth tests.
a portfolio of six single-tenant, 100% occupied, net-leased retail properties · Open 506(b); all-cash (no debt) series; property details gated to accredited investors
Show sources (3)Hide sources (3)
These links support the public record as a whole; individual details may come from different sources.
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?
ExchangeRight formed the Trust on January 5, 2026 and placed six single-tenant net-leased retail buildings into it.2 Baker 1031's offering page reports a portfolio purchase price of $15,016,390 and all six buildings 100% occupied at closing.2 Building sizes, construction years and the date the acquisition actually closed are not settled by the public record.
- Property address
- 2629 East Renfro Street, Burleson, Texas; 811 Bethel Church Road, Sumter, South Carolina; 3651 George Dieter Drive, El Paso, Texas; 1000 East 6th Avenue, Belton, Texas; 2176 Highway 52 East, Pelham, Alabama; and 8318 FM 78, Converse, Texas, Burleson; Sumter; El Paso; Belton; Pelham; Converse, Texas, South Carolina, and Alabama
Who is the tenant, and what's the lease?
Offering materials name the operators as two Dollar General stores plus one each running as Dollar Tree, Tractor Supply, O'Reilly Auto Parts and NAPA Auto Parts, without mapping operator to address.2 The leases are triple-net — tenants carry property taxes, insurance and maintenance through the master lessee — with an approximately 9.9-year weighted-average remaining term reported by Baker 1031.2
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?
No mortgage encumbers the six properties: investor equity funds the whole purchase, and Baker 1031 reports no lender and no in-place financing.2 That leaves no loan maturity and no refinancing event to plan around, and no borrowed money working in either direction.
- Financing
- All cash. This offering reports no mortgage debt.
Who's behind it?
ExchangeRight sponsors this Trust, through ExchangeRight Real Estate, LLC, as one entry in a numbered series of debt-free net-leased DSTs. The sponsor announced full subscription of its $52.78 million All-Cash 18 DST on June 18, 2026, and of its $46.1 million All-Cash 16 DST on March 13, 2026. AltsWire reported on August 5, 2026 that ExchangeRight had raised approximately $385.6 million of DST equity through July.
- Sponsor
- ExchangeRight
- Legal Trust name
- ExchangeRight Net-Leased All-Cash 20 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?
A Form D is only the SEC notice that an exempt private offering has begun, not a status report on the raise; nothing has amended this Trust's notice, and the exemption relied on bars general advertising or public solicitation. Baker 1031's offering page, last updated June 20, 2026, listed the offering as closed, though no filing confirms that.2
- 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 20 DST still raising money?
Top1031 lists ExchangeRight Net-Leased All-Cash 20 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 20 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 the offering still open to new investors?
The public record does not settle it. EDGAR holds a single Form D for this Trust, accession 0002134042-26-000001 dated May 11, 2026, with no amendment or termination notice since — and a Form D is a notice that an exempt offering began, not a status report. Separately, the Baker 1031 offering page, last updated June 20, 2026, listed the offering as closed, a status no filing confirms. Only the sponsor or the selling broker-dealer can say what is currently available.
What does "all-cash" or "debt-free" mean for this Trust?
No mortgage sits on the six properties. Investor equity funds the entire purchase, and Baker 1031 reports no in-place financing, so there is no lender, no loan maturity, no scheduled trust-level debt service and no refinancing event. It also means the Trust supplies no replacement debt, which matters to an exchanger whose relinquished property carried a mortgage — a question for a tax adviser.
Who are the tenants, and what kind of lease is in place?
Offering materials name the operators as two Dollar General stores plus one each running as Dollar Tree, Tractor Supply, O'Reilly Auto Parts and NAPA Auto Parts, across six single-tenant buildings reported 100% occupied at closing. The leases are described as triple-net — property taxes, insurance and maintenance borne at the tenant level through the master lessee — with an approximately 9.9-year weighted-average remaining term. Operator-to-address mapping, individual lease expirations and full lease-guarantee details are not settled by the public record; the PPM, the private placement memorandum that governs the offering, is where they are documented.
What did the portfolio cost?
Baker 1031's offering page reports a purchase price of $15,016,390 for the six properties. The balance of an equity raise typically covers closing costs, sponsor fees, reserves and selling commissions; the PPM — the private placement memorandum that governs the offering — itemizes those lines in its sources-and-uses table, which is where the reported purchase price can be checked.
Where are the six properties?
Four sit in Texas — Burleson, El Paso, Belton and Converse — with one in Sumter, South Carolina and one in Pelham, Alabama, per the street addresses in the property record above. Public sources do not state building sizes or which operator occupies each address, so the PPM's property schedule is the place to confirm both.
What is not settled by the public record here?
Several things a buyer would want: which operator occupies which address, each lease's remaining term and expiration date, the identity and terms of any lease guarantee, building sizes and construction years, the date the acquisition actually closed, and whether interests have been sold since the Form D was filed. This Trust is also recorded as not planning a conversion into a REIT, so a 721/UPREIT exit — swapping DST interests for REIT operating-partnership units — is not part of the stated structure. The PPM and the sponsor's property schedule are where these are documented.