ExchangeRight Net-Leased All-Cash 3 DST
Net lease retail in Florida and Texas — sponsored by ExchangeRight
Minimum investment
$100k
Offering size
$16.4M
How much has sold
100.0%
Asset type
Net lease retail
Location
Florida and Texas
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 3 DST combines the historical SEC filing record with the cited public sources we found for the property and its outcome. Use the chapters below to see what those sources establish, then use the source list to check the underlying materials.
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These links support the historical public record; 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?
- Reported location
- Florida and Texas
- Property size
- 3 properties; 26,511 square feet
How did it end?
No sale or other ending on record
Net-Leased All-Cash 3 DST was fully subscribed in August 2024 ($16.36M; Form D filed Mar 8, 2024 and amended Aug 5, 2025 with total amount sold unchanged); its stated exit strategy is a 721 UPREIT conversion into the Essential Income REIT, but no specific 721-conversion, property-sale, full-cycle, or foreclosure announcement has been published.
All-cash debt-free offering of $16.36M in three net-lease retail properties (Daybreak Market, Dollar General, Dollar Tree) in Florida and Texas; weighted average remaining lease term of 17.2 years; 5.15% annualized monthly distributions covered 100% by in-place revenues; exit via cash-out refinance, 1031/721 exchange, or cash out.
3 properties; 26,511 square feetSupporting evidence
How is it financed, and what does it pay?
- Financing
- All cash. This offering reports no mortgage debt.
Who's behind it?
- Sponsor
- ExchangeRight
- Legal Trust name
- ExchangeRight Net-Leased All-Cash 3 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?
- First Form D filedThe public offering record begins.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Filings on record
- 3
- 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
What happened to ExchangeRight Net-Leased All-Cash 3 DST?
Top1031 lists ExchangeRight Net-Leased All-Cash 3 DST as historical. It is no longer raising money.
Where does Top1031 get the data for ExchangeRight Net-Leased All-Cash 3 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.
Chapter 8Investors Fully Subscribe ExchangeRight's All-Cash 3 DST with 5.15% Current Cash FlowPR Newswire distribution of ExchangeRight's $16.36 million All-Cash 3 DST press release describing its exit-strategy options (1031, 721 exchange or cash-out refinance).