TA Express Travel Center – Bayou Crossing
Net lease property in Grambling, LA — sponsored by Kingsbarn Realty Capital
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These links support the historical public record; individual details may come from different sources.
What is this, in one paragraph?
KB Bayou Crossing, DST is a Delaware Statutory Trust — a structure letting accredited investors hold fractional real estate that qualifies as 1031 exchange replacement property — sponsored by Kingsbarn Realty Capital. It owns a newly built TA Express travel center on Interstate 20 at Grambling, Louisiana, leased to TravelCenters of America, with Dunkin' Donuts and Jimmy John's inside. Kingsbarn said the offering closed on October 10, 2024.1
Minimum investment
$262k
Offering size
$26.2M
How much has sold
71.0%
Financing
Not stated. The filings for this offering do not say whether it carries 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 travel center is a new build. TravelCenters of America announced the Grambling franchise site opened on May 29, 2024, at 1130 RWE Jones Road, off Interstate 20 Exit 81.2 Kingsbarn's own acquisition schedule dates its purchase of TA Express – Bayou Crossing to July 1, 2024, roughly a month after opening.3 Two national quick-service brands, Dunkin' Donuts and Jimmy John's, operate inside the building.
- Reported location
- Grambling, LA
- Property size
- Single-tenant travel center (~10,000–12,000 SF)
Who is the tenant, and what's the lease?
TravelCenters of America is the lease counterparty; the fuel operation and the two restaurants are run by LV Petroleum, doing business as FuelBros.4 Kingsbarn reported a new 20-year triple-net lease with 3% annual rent increases — triple-net meaning the tenant, not the Trust, pays taxes, insurance and maintenance.4
How did it end?
Still operating
Newly constructed TA Express Travel Center on I-20 (Exit 81) in Grambling, LA, leased to TravelCenters of America; the property includes two national QSR brands: Dunkin' Donuts and Jimmy John's.
Single-tenant travel center (~10,000–12,000 SF)Supporting evidence
Counted on Kingsbarn Realty Capital’s Record Card as: No outcome recorded · under 7 years Document
How is it financed, and what does it pay?
Kingsbarn reported acquiring the property without a loan and offering the Trust as a debt-free exchange property, so there is no mortgage to refinance or mature and no lender consent standing over a future sale.4 Public records since 2024 do not confirm current leverage either way.
Who's behind it?
The Form D names KB Exchange Properties, LLC as sponsor with Kingsbarn Realty Capital, LLC as its parent and manager, alongside KB Bayou Crossing ST, LLC as signatory trustee and KB Bayou Crossing MT, LLC as the master tenant that leases the property from the Trust.5 Kingsbarn is a repeat DST sponsor, largely in net-lease real estate. On October 10, 2024 it stated this offering had closed and that every investor used the interests as exchange replacement property.1
- Sponsor
- Kingsbarn Realty Capital
- 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?
The Form D on record reported a first sale on July 1, 2024 — the same date Kingsbarn's schedule gives for the acquisition — so the SEC notice followed the start of the raise.5 The Trust was offered under the exemption that permits public advertising while limiting purchasers to investors whose accredited status is verified. No amendment has followed.
- Form D filedFirst and latest filing on record.
- Legal Trust name
- KB Bayou Crossing, DST
- 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 TA Express Travel Center – Bayou Crossing?
TA Express Travel Center – Bayou Crossing 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 TA Express Travel Center – Bayou Crossing?
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 KB Bayou Crossing, DST?
No. Kingsbarn stated on October 10, 2024 that the offering was closed, and that all of its investors used the DST interests as 1031 replacement property.[1] The Trust is closed to new investors, and no amended Form D has been filed since the original notice.
Who actually pays the rent?
Kingsbarn reported a new 20-year triple-net lease at the TA Express, with the travel center and its two quick-service restaurants operated by LV Petroleum, doing business as FuelBros, under the TravelCenters of America brand.[4] Under a triple-net structure the tenant bears property taxes, insurance and maintenance.
Does the Trust carry a mortgage?
Kingsbarn reported at the July 3, 2024 acquisition that it bought the property without a loan and intended to offer the DST as a debt-free exchange property.[4] Nothing in the public record since then confirms or contradicts current leverage; the PPM and any later sponsor reporting are the place to confirm.
What was the minimum investment?
The Form D reported a minimum investment of $262,000 from any outside investor.[5] DST minimums are typically set so that the fractional interest is large enough to absorb a full exchange proceeds amount; the actual per-investor commitment would be set out in the purchase documents.
What fees did the SEC filing disclose?
The Form D reported estimated sales commissions of $1,048,000, no finders' fees, and a sponsor or affiliate financing and acquisition fee of $2,200,000 plus reimbursement of relevant offering expenses.[5] Form D fee disclosure is summary only; the PPM — the private placement memorandum given to investors — carries the full fee table.
Is a 721/UPREIT exit contemplated?
The record shows no 721 exchange or UPREIT feature for this Trust, meaning there is no disclosed path for investors to roll their interests into an operating partnership of a REIT in exchange for units. No sale, refinancing, or other outcome has been reported publicly since the raise closed in October 2024.
Chapter 9Kingsbarn 2024-2025 Acquisitions Summary (Recent-Acquisitions-2024-2025.pdf)Sponsor acquisitions summary listing TA Express – Bayou Crossing at 8,625 SF in Ruston, LA, with closing date 07/01/2024, tenant TA Express / FuelBros. Kingsbarn Purchases TA Express Travel Center in LouisianaKingsbarn announces acquisition of newly constructed TA Express Travel Center in Grambling, Louisiana, on I-20; property is leased to TA and includes Dunkin' Donuts and Jimmy John's.