Top1031

KB Grandview, DST

in Grandview, WA · sponsored by Kingsbarn Realty Capital

Active offeringLatest Form D filed Sep 17, 2026 (opens in a new tab)

KB Grandview, DST, sponsored by Kingsbarn Realty Capital, filed its first Form D with the SEC on Sep 17, 2026 for a $56.8 million offering. Its latest Form D, filed Sep 17, 2026, lists a $56.8 million offering with a $568,500 minimum.

Key facts

A free account shows how much of each active offering has sold and the Sponsor Grade letters.
Minimum investment
$568,500
From the Form D
Offering size
$56,850,000
Equity offered, per the Form D
Sold so far
Raising
48.3%
Form D, Sep 17, 2026; the % is our arithmetic
Investors reported
22
Form D, Sep 17, 2026
Selling commissions
$1,258,000 · 2.2% of offering
Form D Item 15; the % is our arithmetic
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 →

Sales so far

A free account shows how much of each active offering has sold and the Sponsor Grade letters.

Raising

Latest Form D
Sep 17, 2026 · 1 filing
First sale
Sep 4, 2026

These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.

How we work out how much has sold

We divide the amount the sponsor reports sold by the offering size in its latest SEC filing, filed Sep 17, 2026.

  • The sponsor reports these amounts itself, and can amend them later.
  • A filing can be behind what has actually sold. It does not confirm that interests are still available.
  • The amount left to sell is the offering size minus the amount sold.
Amount sold
$27,513,375
Not yet sold
$29,336,625
Investors
22

Calculated by Top1031 from the Form D filings, not stated by the sponsor:

48.3% of $56,850,000 sold, calculated by Top1031 from the Form D

Weighing this offering for your exchange? A licensed 1031 specialist from our affiliated partner can go through these filings with you.

Ask a 1031 specialist about this recordFree. About: KB Grandview, DST. Top1031 is not a broker-dealer.
City-level mapGrandview, WA metroMap shows the city, not the exact address.

No photo on record.

What does KB Grandview, DST own?

Kingsbarn describes the asset as a newly constructed, single-tenant TravelCenters of America-branded travel center in Grandview, Washington. 2 TravelCenters of America lists its Grandview location at 100 Higgins Way. 3 Local reporting says the travel center at that address had opened by January 21, 2026, though that coverage does not name the Trust. 4 No deed or parcel record reviewed here confirms the Trust's ownership or its acquisition date.

Property address
100 Higgins Way, Grandview, WA

How have sales gone?

The Form D record has one sales figure so far, so there is no trend to chart. The figure is in Sales so far ↑.

How is it financed, and what did it cost to sell?

No reviewed public record states whether the Trust carries mortgage debt or names a lender. The Form D does disclose a $2,950,000 financing and acquisition fee payable to the sponsor or an affiliate for structuring the Offering and acquiring the property — a fee, not a loan. 1

Costs and terms from the Form D

Selling commissions
$1,258,000 · 2.2% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$3,264,500 · 5.7% of offering
Form D Item 16
· The filing’s note: “Sponsor/its affiliate will receive financing and acquisition fee totaling $2,950,000 for structuring the offering and the property acquisition, plus $314,500 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
Sep 4, 2026
Minimum investment
$568,500

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.

What does the SEC record show?

Because the Offering may be generally solicited and advertised, the sponsor must take reasonable steps to verify each buyer's accredited-investor status against the SEC's income or net-worth tests rather than accept a self-certification. No amendments have been filed; the Form D reports September 4, 2026 as the date of first sale. 1

Legal Trust name
KB Grandview, DST
SEC CIK
2154994
First Form D
Sep 17, 2026
Latest Form D
Sep 17, 2026
Filings on record
1
Offered under
Rule 506(c)
May be advertised publicly. Every buyer’s accredited status must be verified.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount soldInvestors
Form D$56,850,000
$27,513,375
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

Is KB Grandview, DST an active offering?
KB Grandview, DST is an Active offering: its latest Form D was filed Sep 17, 2026. A Form D filing does not by itself confirm that interests are still available; the sponsor or a registered representative can confirm what is open.
What property sits behind KB Grandview, DST?
Kingsbarn markets the Trust as owning a newly constructed, single-tenant TravelCenters of America-branded travel center in Grandview, Washington. TravelCenters of America lists its Grandview location at 100 Higgins Way, Grandview, WA 98930. Local coverage reported that the travel center at that address had opened by January 21, 2026, though it does not name the Trust, so the tie is inferential. Kingsbarn's materials and the operator's listing cite different Interstate 82 exit numbers for the site, and the Form D states no address at all; the offering documents identify the parcel.
Who is the tenant, and how is the lease structured?
Kingsbarn identifies LV Petroleum, LLC, doing business as FuelBros, as the tenant under a 20-year triple-net lease with annual rent increases. Triple-net means the tenant, not the Trust, carries property taxes, insurance, and maintenance. Note that the tenant is the fuel and restaurant operator while TravelCenters of America is the brand on the building. No reviewed public record establishes a corporate guaranty, renewal options, or the escalation schedule; those terms are set out in the offering documents.
What is the minimum investment?
The Form D reports a minimum outside investment of $568,500 and describes the Offering as 100 Class 1 beneficial interests priced at $568,500 each. A broker-dealer or the sponsor may apply additional suitability standards above that figure. Only accredited investors — those meeting the SEC's income or net-worth thresholds — may buy, and because the Offering may be publicly advertised, that status must be verified rather than self-certified.
Who is the sponsor, and what fees did the filing disclose?
The Form D names KB Exchange Properties, LLC as the sponsor and Kingsbarn Realty Capital, LLC as its parent. The same filing discloses $3,264,500 of offering proceeds paid or proposed to be paid to related persons — a $2,950,000 financing-and-acquisition fee plus $314,500 of offering-expense reimbursement — and $1,258,000 in sales commissions. Kingsbarn Realty Capital publishes the offering page describing the Grandview travel center.
Can this Trust convert into a REIT interest later?
Nothing in the reviewed record states a 721/UPREIT exit — the arrangement in which DST interests are later contributed to a REIT's operating partnership in exchange for units. The Form D does not address it. Any such provision would appear in the offering documents and the trust agreement.

In the news

Sources

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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.