KB Garden City (TA Travel Center - Garden City, KS)
Net lease property in Garden City, KS — sponsored by Kingsbarn Realty Capital
Files with the SEC as KB Garden City, DST
Minimum investment
$263k
Offering size
$26.3M
How much has sold
53.0%
Asset type
Net lease property
Location
Garden City, KS
Financing
All cash. This offering reports no mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
KB Garden City, DST is a Delaware statutory trust — a structure that lets 1031 exchangers hold fractional real estate — offered to accredited investors under Rule 506(c).1 Kingsbarn Realty Capital's portfolio page identifies the asset behind the Kingsbarn name as the TA Travel Center at 1265 Solar Avenue in Garden City, Kansas.2 One Form D is on record, and the Trust is still raising.
Show sources (9)Hide sources (9)
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?
Kingsbarn's portfolio page lists TA Travel Center – Garden City at 1265 Solar Avenue.2 Its 2023–2024 acquisition schedule dates the closing to December 29, 2023.3 SRS Real Estate Partners, which marketed the site, described the former Bosselman Travel Center mid-remodel, with LV Petroleum spending more than $5 million to add KFC, Dunkin', Sbarro and an in-house mechanic shop.4 TravelCenters of America lists it today as TA Garden City #0932 on U.S. Highway 400.5
- Reported location
- Garden City, KS
- Property size
- 17,847 SF (SRS) / 24,190 SF (Kingsbarn acquisitions)
Who is the tenant, and what's the lease?
SRS marketed the property as absolute triple-net leased to LV Petroleum, LLC — meaning the tenant carries taxes, insurance and maintenance and the landlord has no operating duties — on a new 99-year lease with four 20-year options.4 Those are broker marketing terms; no filing on this record confirms the Trust's executed lease.
How did it end?
No ending on record
No full-cycle or disposition announcement found; the TA Travel Center at 1265 Solar Avenue, Garden City, KS is currently listed for sale at $20,125,000 by SRS Real Estate Partners but no closed sale has been confirmed and TA Garden City continues to operate.
Single-tenant net-leased TA Travel Center at 1265 Solar Avenue, Garden City, KS 67846, listed by SRS Real Estate Partners at $20,125,000 with an 8% cap rate and $1,610,000 NOI. Acquired by Kingsbarn/KB Garden City DST and listed in Kingsbarn's 2023–2024 acquisitions (24,190 SF). The offering's sponsor is Kingsbarn MT Holdings, LLC.
17,847 SF (SRS) / 24,190 SF (Kingsbarn acquisitions)Supporting evidence
Counted on Kingsbarn Realty Capital’s Record Card as: Still operating Document
How is it financed, and what does it pay?
No mortgage, lender or loan amount appears anywhere in this Trust's public filing record, so whether the Offering is leveraged or all-cash is not established here. A DST's debt, if any, is described in its private placement memorandum (PPM), the offering document delivered to accredited investors.
Who's behind it?
The Form D names KB Exchange Properties, LLC as sponsor and manager, with KB Garden City ST, LLC as signatory trustee, KB Garden City Holdings, LLC as depositor, and KB Garden City MT, LLC as master tenant — the affiliate that leases the whole property from the Trust and runs it.1 Kingsbarn published its 2023–2024 acquisition schedule in March 2025, listing the Garden City travel center among the assets it added.3
- Sponsor
- Kingsbarn Realty Capital
- Legal Trust name
- KB Garden City, DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 10 active / 31 total offerings from Kingsbarn Realty Capital
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
One Form D is the entire SEC record here — no amendments, no later filings. The issuer reported a first sale on December 29, 2023 and said the Offering was intended to last more than one year.1 Rule 506(c) permits public advertising so long as every buyer's accredited status is verified.
- Form D filedFirst and latest filing on record.
- Filings on record
- 1
- How it may be offered
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- 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 KB Garden City (TA Travel Center - Garden City, KS)?
Top1031 lists KB Garden City (TA Travel Center - Garden City, KS) as historical. It is no longer raising money.
Where does Top1031 get the data for KB Garden City (TA Travel Center - Garden City, KS)?
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.
What property stands behind KB Garden City, DST?
Kingsbarn Realty Capital's portfolio page lists TA Travel Center – Garden City at 1265 Solar Avenue, Garden City, Kansas, and its 2023–2024 acquisition schedule dates the closing to December 29, 2023. Note the limit: the SEC Form D does not state a property address, so the link between the trust name and this specific building rests on Kingsbarn's own materials rather than a primary filing.
Who operates and leases the travel center?
TravelCenters of America's location page lists TA Garden City #0932 at 1265 Solar Avenue on U.S. Highway 400, with fuel, truck service, food and parking. SRS Real Estate Partners marketed the site as leased to LV Petroleum, LLC on an absolute triple-net basis under a new 99-year lease with four 20-year options. Those lease terms come from broker marketing material, not from a filing by the Trust.
How big is the building?
The two available sources disagree. Kingsbarn's 2023–2024 acquisition schedule lists 24,190 square feet; the SRS marketing listing gives roughly 17,847 square feet of offering gross leasable area on about 13.28 acres. Neither figure has been reconciled by a primary record, and the property row on this page shows both.
How were the interests offered?
Under Rule 506(c), an exemption that allows general advertising provided the issuer verifies that every purchaser is an accredited investor. The Form D reported the offering as 100 Class 1 beneficial interests priced at $262,750 each, with a $262,750 minimum investment, and a first sale on December 29, 2023.
Is there a 721/UPREIT exit planned?
The record shows no planned 721 or UPREIT conversion — that is, no stated path to contribute the property into a REIT's operating partnership in exchange for OP units. Any exit mechanics an investor is offered would be set out in the PPM.
Has the property been sold?
No completed disposition has been reported for this Trust. Research located an undated SRS investment-sale listing for the same address, but the listing's date and current status are unresolved, so it is not evidence of a sale by the Trust.
Chapter 9Garden City, KS - TA Travel CenterSRS retail investment sale listing for TA Travel Center at 1265 Solar Avenue, Garden City, KS 67846 (17,847 SF, $20,125,000, 8% cap, $1,610,000 NOI) — the property that backs KB Garden City, DST. TA Garden City — TravelCenters of America location pageOperator page for TA Garden City on US Hwy 400 confirming the operating TA Travel Center at 1265 Solar Avenue, Garden City, KS that backs the KB Garden City, DST. Kingsbarn Portfolio of Properties — TA Travel Center - Garden City entryKingsbarn portfolio page lists 'TA Travel Center - Garden City located at Garden City KS — 1265 Solar Avenue' as a Kingsbarn Property, consistent with the KB Garden City, DST.