TA Express Travel Center – Bayou Crossing
Net lease property in Grambling, LA · sponsored by Kingsbarn Realty Capital
TA Express Travel Center – Bayou Crossing was a DST sponsored by Kingsbarn Realty Capital that owned a net lease property in Grambling, LA. Its last Form D was filed Aug 8, 2024.
How it ended
No outcome recorded · under 7 years
The record lists the offering as fully subscribed; the last Form D was filed Aug 8, 2024.
Kingsbarn Realty Capital has 10 active offerings on record →
Key facts
- Minimum investment
- $262,000From the Form D
- Offering size
- $26,200,000Equity offered, per the Form D
- Sold
- 71.4%Form D, Aug 8, 2024; the % is our arithmetic
- Investors reported
- Form D, Aug 8, 202421
- Selling commissions
- Form D Item 15; the % is our arithmetic$1,048,000 · 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: TA Express Travel Center – Bayou Crossing. Top1031 is not a broker-dealer.TA Express Travel Center – Bayou Crossing · Grambling, LA · Photo: docs.kingsbarn.com
What did the Trust own?
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)
Tenant and lease terms are not in the SEC filings or cited sources.
How was it financed, and what did it cost to sell?
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.
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
- $1,048,000 · 4.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $2,462,000 · 9.3% of offeringForm D Item 16· The filing’s note: “Sponsor/its affiliate will receive financing and acquisition fee totaling $2,200,000 for structuring the offering and the property acquisition, plus $262,000 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
- Jul 1, 2024
- Minimum investment
- $262,000
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?
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
- Offerings on record
What does the SEC record show?
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.
- Legal Trust name
- KB Bayou Crossing, DST
- SEC CIK
- 2031019
- First Form D
- Aug 8, 2024
- Latest Form D
- Aug 8, 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 | $26,200,000 | $18,719,130 | 21 | 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 TA Express Travel Center – Bayou Crossing?
- TA Express Travel Center – Bayou Crossing is a Historical offering. The record lists the offering as fully subscribed; the last Form D was filed Aug 8, 2024.
- 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. 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. Nothing in the public record since then confirms or contradicts current leverage; the offering documents 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. 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.
- 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.
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.