Net-Leased All-Cash 8 DST
Net lease retail — sponsored by ExchangeRight
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These links support the historical public record; individual details may come from different sources.
What is this, in one paragraph?
ExchangeRight Net-Leased All-Cash 8 DST is a Delaware statutory trust — a passive co-ownership vehicle that can serve as replacement property in a 1031 exchange — holding three net-leased retail properties in Florida, Texas and Indiana.2 It carries no mortgage debt.3 The offering was filed with the SEC in September 2024 and closed to new investors after ExchangeRight announced full subscription on April 29, 2025.
Minimum investment
$100k
Offering size
$23.4M
How much has sold
None sold yet
Financing
All cash. This offering reports no mortgage debt.
Sponsor-reported, from SEC filings and cited 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?
The Trust holds a three-property necessity-retail portfolio spread across Florida, Texas and Indiana.2 A marketplace listing for the offering described the portfolio as fully leased to three tenants while it was being marketed.4 Public sources do not establish the street addresses, when ExchangeRight acquired the buildings, or what it paid — those details sit in the PPM, the private placement memorandum given to prospective investors.
- Property size
- 3 properties, 34,000+ sq ft
Who is the tenant, and what's the lease?
The three buildings are leased to Daybreak Market & Fuel, Tractor Supply and Dollar Tree.2 AltsWire reported an initial weighted-average lease term of 18.9 years across the portfolio.2 Net leases shift property-level costs — typically taxes, insurance and maintenance — onto the tenant rather than the landlord.
How did it end?
Still operating
$23.37M portfolio. 3 net-leased retail properties across 3 U.S. regions. ~5.20% current rate. Filed Sept 30, 2024; fully subscribed Apr 29, 2025.
3 properties, 34,000+ sq ftSupporting evidence
Counted on ExchangeRight’s Record Card as: No outcome recorded · under 7 years Document
How is it financed, and what does it pay?
There is no mortgage. ExchangeRight reports the Trust as debt-free, meaning investor equity funded the entire capitalization and no lender can foreclose or force a refinancing.3 AltsWire reported an exit strategy contemplating tax-deferred cash-out financing later, with a possible 1031 exchange, 721 exchange, cash-out, or a combination — none guaranteed.2
- Financing
- All cash. This offering reports no mortgage debt.
Who's behind it?
ExchangeRight is a Pasadena, California sponsor of net-leased necessity-retail portfolios structured for 1031 exchange investors.1 Its all-cash series are the debt-free counterparts to its larger mortgaged portfolios, and this Trust is the eighth in that series. On April 29, 2025 the firm announced that investors had fully subscribed the offering.3
- Sponsor
- ExchangeRight
- 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?
The SEC record here was never amended, so the public file shows the offering as first announced and nothing after it. The Trust was sold privately, without general advertising, to accredited investors — those meeting SEC income or net-worth thresholds. ExchangeRight's own April 29, 2025 announcement, not an SEC filing, marked the close.
- Form D filedFirst and latest filing on record.
- Legal Trust name
- ExchangeRight Net-Leased All-Cash 8 DST
- Filings on record
- 1
- How it may be offered
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
- 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 8 DST?
Net-Leased All-Cash 8 DST is a Historical offering: its latest SEC filing is outside the Active window. The outcome and source documents are shown separately.
Where does Top1031 get the data for Net-Leased All-Cash 8 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.
Can I still invest in Net-Leased All-Cash 8 DST?
No. ExchangeRight announced on April 29, 2025 that investors had fully subscribed the offering, and the sponsor describes it as closed and no longer accepting new investors.[3] It is now a historical Trust — closed to new investors — and appears here as a record of what was offered.
Why doesn't the SEC record show how much was raised?
Because the only filing on record is the Form D submitted at launch, and it was never amended. A Form D reports amounts as of its filing date; without an amendment, later sales never reach the public record. The full-subscription figure comes from ExchangeRight's own announcement of April 29, 2025, not from the SEC.
Who are the tenants and where are the properties?
AltsWire reported that the portfolio is leased to Daybreak Market & Fuel, Tractor Supply and Dollar Tree, with the three properties located in Florida, Texas and Indiana.[2] Exact cities and street addresses were not established in the public sources reviewed; the PPM and closing documents would carry them.
What does 'all-cash' mean for this Trust?
It means the Trust holds its real estate without mortgage financing. ExchangeRight describes the offering as debt-free.[3] With no lender, there is no loan maturity to refinance and no mortgage foreclosure risk; AltsWire reported that the sponsor's exit strategy contemplates the possibility of tax-deferred cash-out financing at a later date, which is not guaranteed.[2]
Could this Trust convert into a REIT through a 721 exchange?
Our data does not identify this Trust as a 721/UPREIT vehicle — a structure where DST real estate is contributed to a REIT's operating partnership for REIT units. AltsWire reported that the contemplated exit could include a 1031 exchange, a 721 exchange, a cash-out, or a combination, and that future outcomes are not guaranteed.[2]
Has anything happened to the portfolio since the offering closed?
No outcome has been reported yet. The public sources reviewed established no sale, refinancing, tenant default, or other material property event after the April 29, 2025 close. For a fully subscribed all-cash Trust, that is a normal state — the record next changes only when the sponsor reports a financing or disposition.
Chapter 9Investors Fully Subscribe Another ExchangeRight All-Cash DSTTrade-press article confirming full subscription of ExchangeRight Net-Leased All-Cash 8 DST and describing the offering's $23.37M size, 3-property net-leased retail portfolio, three U.S. regions, and approximately 5.20% current distribution rate. Net-Leased All-Cash 8 DST: Fully SubscribedSponsor-site video announcement confirming full subscription of Net-Leased All-Cash 8 DST, a $23.37 million portfolio of net-leased real estate providing investors with monthly distributions at a 5.20% annualized rate.