Net-Leased All-Cash 12 DST
Net lease retail in Texas, Florida, Pennsylvania, and Georgia — sponsored by ExchangeRight
Files with the SEC as ExchangeRight Net-Leased All-Cash 12 DST
Minimum investment
$100k
Offering size
$41.4M
How much has sold
None sold yet
Asset type
Net lease retail
Location
Texas, Florida, Pennsylvania, and Georgia
Financing
All cash. This offering reports no mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Net-Leased All-Cash 12 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
- Texas, Florida, Pennsylvania, and Georgia
- Property size
- 6 properties; 111,781 square feet
How did it end?
No sale or other ending on record
ExchangeRight announced full subscription of Net-Leased All-Cash 12 DST on Sep 9, 2025 (raised ~$41M), and its stated exit strategy is a tax-deferred cash-out refinance and/or 721 UPREIT conversion into the Essential Income REIT; no property-sale, full-cycle, 721-conversion, or foreclosure announcement has been published.
six-property net-leased real estate portfolio · Debt-free (all-cash) net-leased retail DST launched in February 2025. Tenants include St. Luke's Health Network, Sherwin-Williams, Tractor Supply, and Dollar Tree across six properties in Texas, Florida, Pennsylvania, and Georgia. Weighted average lease term ~14.2 years; current annualized distribution rate 5.22%. Approximately $41.1 million raised against a $41.4 million offering size. Planned tax-deferred lump-sum cash-out of ~20%+ of initial investment plus a 721 exchange of ~80% of non-financed equity into ExchangeRight's Essential Income REIT. Closed and fully subscribed.
6 properties; 111,781 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 12 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?
- 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
What happened to Net-Leased All-Cash 12 DST?
Top1031 lists Net-Leased All-Cash 12 DST as historical. It is no longer raising money.
Where does Top1031 get the data for Net-Leased All-Cash 12 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 8ExchangeRight Net Leased All Cash 12Marketplace listing noting six net-lease retail properties across three U.S. regions totaling approximately 110,000 rentable square feet. ExchangeRight's $41 Million All-Cash 12 DST Fully Subscribed, Fueling Essential Income REIT PipelineWire-distributed version of the sponsor release detailing the 6-property, 111,781 sf Net-Leased All-Cash 12 DST portfolio and its planned 721 exchange into ExchangeRight's Essential Income REIT.