ExchangeRight Net-Leased Portfolio 74 DST
9 net-leased retail properties in 9 states · sponsored by ExchangeRight
ExchangeRight Net-Leased Portfolio 74 DST is a DST sponsored by ExchangeRight that owns 9 net-leased retail properties in 9 states. Its latest Form D, filed Dec 23, 2025, lists a $36.5 million offering with a $100,000 minimum.
Key facts
- Minimum investment
- $100,000From the Form D
- Offering size
- $36,590,000Equity offered, per the Form D
- Sold so far
- Not reported after the first Form D (Dec 23, 2025)Form D, Dec 23, 2025
- Selling commissions
- Form D Item 15; the % is our arithmetic$1,829,500 · 5.0% of offering
- Financing
- Leveraged. This offering reports mortgage debt on the property.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
- ExchangeRight Essential Income 14 DST$100,000 minimum · $136,100,000 offeringActive offering · latest Form D Oct 14, 2026
- ExchangeRight Net-Leased All-Cash 22 DST$100,000 minimum · $35,700,000 offeringActive offering · latest Form D Sep 30, 2026
- ExchangeRight Essential Income 13 DSTLakeville, MN · $100,000 minimum · $107,600,000 offeringActive offering · latest Form D Aug 20, 2026
- ExchangeRight Net-Leased All-Cash 21 DST$100,000 minimum · $43,390,000 offeringActive offering · latest Form D Jul 29, 2026
Availability changes without a filing. The sponsor or a registered representative can confirm what is open.
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Ask a 1031 specialist about this recordFree. About: ExchangeRight Net-Leased Portfolio 74 DST. Top1031 is not a broker-dealer.No photo on record. Multiple property locations are on record; no single map.
What does the Trust own?
This is a portfolio Trust rather than one building. ExchangeRight assembled freestanding retail stores sitting in separate markets under a single Delaware statutory trust, so an investor owns a fractional interest in the whole group rather than in any one store. 2 The states run from California and Texas to Iowa, Nebraska, Michigan, Ohio, Pennsylvania, North Carolina and Mississippi. 2 Baker 1031 reports a portfolio purchase price of $55.27 million. 3
- Reported location
- Multi-state (9)
- Property size
- 11 single-tenant, net-leased retail properties; approximately 198,705 square feet
Tenant and lease terms are not in the SEC filings or cited sources.
How is it financed, and what did it cost to sell?
Debt sits alongside investor equity, so the lender's claim on the real estate ranks ahead of the owners. ExchangeRight reports $26.75 million of non-recourse debt, meaning the lender's remedy runs to the properties, not to investors personally. 2 Baker 1031 names Barclays Capital Real Estate as the lender. 3
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Costs and terms from the Form D
- Selling commissions
- $1,829,500 · 5.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $0 · 0.0% of offeringForm D Item 16
- Broker-dealers named in the Form D
- 1 named in the Form D
Show the firms
- Lighthouse Capital Group, LLC · CRD 169135
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.
Who's behind the Trust?
ExchangeRight is a Pasadena, California sponsor that assembles net-leased retail and necessity-based properties into numbered Delaware statutory trusts, of which Portfolio 74 is one. 1 On September 1, 2026 the sponsor reported that the portfolio's 11 properties sit in 11 distinct markets and are leased to national necessity-based retailers. 2
- Sponsor
- Offerings on record
What does the SEC record show?
A Form D is a short notice of an exempt sale, not a prospectus the SEC reviews. The exemption used bars general advertising and limits sales to accredited investors, who meet SEC income or net-worth tests.
- Legal Trust name
- ExchangeRight Net-Leased Portfolio 74 DST
- SEC CIK
- 2101394
- First Form D
- Dec 23, 2025
- Latest Form D
- Dec 23, 2025
- Filings on record
- 1
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Filing on SEC EDGAR |
|---|---|---|---|---|
| Form D | $36,590,000 | $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 Portfolio 74 DST?
- No new interests: ExchangeRight Net-Leased Portfolio 74 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?
- It owns 11 single-tenant, net-leased retail properties totaling roughly 198,705 square feet. ExchangeRight's September 1, 2026 announcement describes those buildings as sitting in 11 separate markets across California, Iowa, Michigan, Mississippi, Nebraska, North Carolina, Ohio, Pennsylvania and Texas. Street addresses for each store are not part of the SEC filing; the property-by-property schedule sits in the offering documents.
- Who are the tenants?
- ExchangeRight's September 1, 2026 announcement names Tractor Supply Company, Dollar General, CVS Pharmacy and Dollar General Market among the tenants, and does not map each name to a specific building. Real Estate Transition Solutions markets the portfolio as 100% leased to three tenants. ExchangeRight reports a weighted-average remaining lease term of 16.3 years across the portfolio.
- Does the Trust carry debt?
- Yes. It is a leveraged DST, meaning mortgage financing sits alongside the equity raised from investors, and that debt can serve as replacement debt for an exchanger who carried a mortgage on the property sold. ExchangeRight reports $26.75 million of non-recourse debt at a 42.23% loan-to-value ratio. Baker 1031 describes the loan as a fixed-rate, ten-year, interest-only loan from Barclays Capital Real Estate Inc.
- How big is the portfolio's capitalization?
- ExchangeRight describes total capitalization of about $63.34 million, a figure that includes debt. Baker 1031 separately lists a $55.27 million portfolio purchase price and a $55.81 million appraised value, citing offering materials.
- How does ExchangeRight describe the exit?
- ExchangeRight says it structured the Trust for a potential future acquisition by its affiliated Essential Income REIT, and it does not report that such a transaction has occurred. A 721 exchange, sometimes called an UPREIT, means contributing property interests into a REIT's operating partnership in return for partnership units. The sponsor also describes a Section 1031 exchange or a cash sale as possible paths, and states that its objectives and exit strategies are not guaranteed.
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.