KB Garden City (TA Travel Center - Garden City, KS)
Net lease property in Garden City, KS · sponsored by Kingsbarn Realty Capital
KB Garden City (TA Travel Center - Garden City, KS) was a DST sponsored by Kingsbarn Realty Capital that owned a net lease property in Garden City, KS (17,847 SF). Its last Form D was filed Mar 21, 2024.
How it ended
No outcome recorded · under 7 years
Last Form D filed Mar 21, 2024.
Kingsbarn Realty Capital has 10 active offerings on record →
Key facts
- Minimum investment
- $262,750From the Form D
- Offering size
- $26,275,000Equity offered, per the Form D
- Sold
- 52.5%Form D, Mar 21, 2024; the % is our arithmetic
- Investors reported
- Form D, Mar 21, 202422
- Selling commissions
- Form D Item 15; the % is our arithmetic$1,051,000 · 4.0% of offering
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.How it is financed ↓
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
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: KB Garden City (TA Travel Center - Garden City, KS). Top1031 is not a broker-dealer.What did the Trust own?
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)
Tenant and lease terms are not in the SEC filings or cited sources.
How was it financed, and what did it cost to sell?
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 offering documents.
Debt
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
Costs and terms from the Form D
- Selling commissions
- $1,051,000 · 4.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $3,447,750 · 13.1% of offeringForm D Item 16· The filing’s note: “Sponsor/its affiliate will receive financing and acquisition fee totaling $3,185,000 for structuring the offering and the property acquisition, plus $262,750 reimbursement for relevant offering expenses incurred related with the Offering totaling.”
- Broker-dealers named in the Form D
- None named in the Form D
- Date of first sale
- Dec 29, 2023
- Minimum investment
- $262,750
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?
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
- Offerings on record
What does the SEC record show?
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.
- Legal Trust name
- KB Garden City, DST
- SEC CIK
- 2010338
- First Form D
- Mar 21, 2024
- Latest Form D
- Mar 21, 2024
- Filings on record
- 1
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D | $26,275,000 | $13,812,746 | 22 | 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
- What happened to KB Garden City (TA Travel Center - Garden City, KS)?
- KB Garden City (TA Travel Center - Garden City, KS) is a Historical offering. Last Form D filed Mar 21, 2024.
- 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 offering documents.
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.