Top1031
Pick ‘n Save grocery retail property
Retail property in Mount Pleasant, Wisconsin · sponsored by Inland Private Capital
Historical · partially soldPartially sold Oct 2020 · last Form D May 22, 2013inlandgroup.com (opens in a new tab)
Pick ‘n Save grocery retail property was a DST sponsored by Inland Private Capital that owned a retail property in Mount Pleasant, Wisconsin (70,433 square feet). Partially sold Oct 2020.
How it ended
No public outcome found
Partially sold Oct 2020.
- Date
- Oct 20, 2020
Key facts
- Minimum investment
- $25,000From the Form D
- Offering size
- $11,110,235Equity offered, per the Form D
- Sold
- 100%Form D, May 22, 2013; the % is our arithmetic
- Investors reported
- Form D, May 22, 201344
- Selling commissions
- Form D Item 15; the % is our arithmetic$777,716 · 6.9% 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 →
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Ask a 1031 specialist about this recordFree. About: Pick ‘n Save grocery retail property. Top1031 is not a broker-dealer.Pick ‘n Save grocery retail property · Mount Pleasant, Wisconsin · Photo: cdn.localdatacdn.com
What did the Trust own?
The August 23, 2012 offering documents describe three contiguous parcels totaling 9.669 acres with three single-story freestanding retail buildings of roughly 89,997 square feet, all built in 2011. 1 One parcel held the Pick 'n Save grocery store, one a multi-tenant outlot building, and one a ground-leased restaurant pad. 1 Inland reported selling the grocery parcel in October 2020; the other two parcels were not part of that sale. 3
- Property address
- 2820 South Green Bay Road, Mount Pleasant, Wisconsin
- Property size
- 70,433 square feet
Tenant and lease terms are not in the SEC filings or cited sources.
How was it financed, and what did it cost to sell?
This was a leveraged Trust: the offering documents describe a JPMorgan Chase Bank, N.A. mortgage that is non-recourse to the Trust subject to customary carve-outs, meaning the lender generally looks to the property rather than to investors personally. 1
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Costs and terms from the Form D
- Selling commissions
- $777,716 · 6.9% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $1,308,374 · 11.7% of offeringForm D Item 16
- Broker-dealers named in the Form D
- 14 named in the Form D
Show the firms
- 1st Global Capital Corp. · CRD 30349
- American Portfolios Financial Services, Inc. · CRD 18487
- Berthel, Fisher & Company Financial Services, Inc. · CRD 13609
- Colorado Financial Service Corporation · CRD 104343
- Concorde Investment Services, LLC · CRD 151604
- DFPG Investments, LLC · CRD 155576
- Independent Financial Group, LLC · CRD 7717
- Inland Securities Corporation · CRD 15807
- Investacorp, Inc. · CRD 7684
- J.P. Turner & Company, L.L.C. · CRD 43177
- Kovack Securities Inc. · CRD 44848
- McDermott Investment Services, LLC · CRD 154926
- Northland Securities, Inc. · CRD 40258
- Triad Advisors LLC · CRD 25803
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Sep 17, 2012
- Minimum investment
- $25,000
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. The issuer marked these amounts as an estimate.
Who's behind the Trust?
Inland Private Capital, whose Form D lists an Oak Brook, Illinois address, sponsors 1031 exchange programs structured as Delaware statutory trusts; the same filing names Retail Venture, L.L.C. as the Trust's promoter. 4 On October 20, 2020, Inland announced it had sold the Mount Pleasant grocery property for $17.84 million, which it described as roughly an 11% premium over investors' acquisition price. 2 REJournals reported the sale returned about 67% of investors' original capital. 3
- Sponsor
- Offerings on record
What does the SEC record show?
The Trust was sold privately to accredited investors — buyers meeting SEC income or net-worth tests — without general advertising, and its Form D was amended repeatedly as subscriptions came in. 4 The final amendment also carries an unexplained $25,000 offering-data entry alongside the trust-interest figures, which the filing does not reconcile. 5
- Legal Trust name
- Mt. Pleasant Retail Venture DST
- SEC CIK
- 1558970
- First Form D
- Sep 26, 2012
- Latest Form D
- May 22, 2013
- Filings on record
- 11
- 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 | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D/A | $11,110,235 | $11,110,235+$35,863 | 44 | EDGAR | |
| Form D/A | $11,110,235 | $11,074,372+$410,000 | 44+2 | EDGAR | |
| Form D/A | $11,110,235 | $10,664,372+$290,626 | 42+2 | EDGAR | |
| Form D/A | $11,110,235 | $10,373,746+$763,653 | 40+4 | EDGAR | |
| Form D/A | $11,110,235 | $9,610,093+$704,125 | 36+6 | EDGAR | |
| Form D/A | $11,110,235 | $8,905,968+$342,306 | 30+2 | EDGAR | |
| Form D/A | $11,110,235 | $8,563,662+$3,432,895 | 28+6 | EDGAR | |
| Form D/A | $11,110,235 | $5,130,767+$1,363,048 | 22+8 | EDGAR | |
| Form D/A | $11,110,235 | $3,767,719+$85,000 | 14+2 | EDGAR | |
| Form D/A | $11,110,235 | $3,682,719+$2,251,797 | 12+8 | EDGAR | |
| Form D | $11,110,235 | $1,430,922 | 4 | EDGAR |
Show all 11 SEC Form D filings
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
- What happened to Pick ‘n Save grocery retail property?
- Pick ‘n Save grocery retail property is a Historical offering. Partially sold Oct 2020.
- What did investors receive?
- Inland's October 20, 2020 announcement described the sale price as approximately an 11% premium over investors' acquisition price, and REJournals reported the sale returned about 67% of investors' original capital — a difference explained in part by the mortgage debt repaid at sale. Total investor outcome across the full hold, including distributions, was not published in the sources reviewed.
- Was the Trust financed with debt?
- Yes. The August 23, 2012 offering documents describe a JPMorgan Chase Bank, N.A. mortgage on the property, non-recourse to the Trust subject to carve-outs. Investors should read the loan section of the offering documents for the actual principal, rate, maturity and any prepayment or defeasance terms.
- Do public records show the Trust's current status?
- No. The reviewed public sources document the 2020 sale of the grocery parcel but do not establish whether the Trust still owns the other two parcels, has wound up, or has made a final distribution. No outcome beyond the 2020 sale is reported.
In the news
Sources
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These links support the record as a whole; individual details may come from different sources.
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.