TA Express Travel Center – Edgerton
Net lease property in Edgerton, KS · sponsored by Kingsbarn Realty Capital
TA Express Travel Center – Edgerton was a DST sponsored by Kingsbarn Realty Capital that owned a net lease property in Edgerton, KS. Its last Form D, filed Dec 16, 2024, reports the offering fully sold.
How it ended
No outcome recorded · under 7 years
The last Form D, filed Dec 16, 2024, reports the offering fully sold.
Kingsbarn Realty Capital has 10 active offerings on record →
Key facts
- Minimum investment
- $373,500From the Form D
- Offering size
- $37,350,000Equity offered, per the Form D
- Sold
- 99.7%Form D, Dec 16, 2024; the % is our arithmetic
- Investors reported
- Form D, Dec 16, 20249
- Selling commissions
- Form D Item 15; the % is our arithmetic$956,000 · 2.5% of offering
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
- 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 – Edgerton. Top1031 is not a broker-dealer.TA Express Travel Center – Edgerton · Edgerton, KS · Photo: ttnews.com
What did the Trust own?
TravelCenters of America announced the opening of the newly constructed TA Express Edgerton on August 18, 2021, a franchised site along Interstate 35 between Kansas City and Wichita. 4 It stands at 32501 W 200th Street, at Exit 205 in Edgerton, Kansas. 1 Kingsbarn acquired the property and closed it into the trust on November 27, 2024. 2
- Reported location
- Edgerton, KS
- Property size
- 9,000 sq ft building; 90 truck parking spaces (12,587 SF total per 2024 acquisition record)
Tenant and lease terms are not in the SEC filings or cited sources.
How was it financed, and what did it cost to sell?
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
- $956,000 · 2.5% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $3,595,000 · 9.6% of offeringForm D Item 16· The filing’s note: “Sponsor/its affiliate will receive financing and acquisition fee totaling $3,380,000 for structuring the offering and the property acquisition, plus $215,000 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
- Nov 25, 2024
- Minimum investment
- $373,500
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.
Who's behind the Trust?
The Form D names KB Exchange Properties, LLC as the offering's sponsor and Kingsbarn Realty Capital, LLC as that entity's manager, with KB Edgerton ST, LLC as manager of the trust and signatory trustee and KB Edgerton Holdings, LLC as depositor. 3 Kingsbarn's published acquisitions record lists the Edgerton travel center among the properties it placed into its 1031 exchange programs in 2024–2025. 2
- Sponsor
- Offerings on record
What does the SEC record show?
The trust's entire SEC record is a single Form D notice — the short exempt-offering filing an issuer sends the SEC — lodged weeks after the property closed, with no amendments since. It was offered under Rule 506(c), the exemption that permits public solicitation but limits purchasers to accredited investors whose status is verified.
- Legal Trust name
- KB Edgerton, DST
- SEC CIK
- 2048138
- First Form D
- Dec 16, 2024
- Latest Form D
- Dec 16, 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 | $37,350,000 | $37,254,305 | 9 | 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 – Edgerton?
- TA Express Travel Center – Edgerton is a Historical offering. The last Form D, filed Dec 16, 2024, reports the offering fully sold.
- What does KB Edgerton, DST own?
- A single property: the TA Express franchised travel center at 32501 W 200th Street in Edgerton, Kansas, on Interstate 35 at Exit 205, operated as TA Express Stop #284. TravelCenters of America announced the newly constructed site's opening on August 18, 2021, and Kingsbarn Realty Capital closed it into the trust on November 27, 2024.
- Why do two different square-footage figures appear for the building?
- TravelCenters of America's 2021 opening announcement described a 9,000-square-foot building. Kingsbarn's 2024–2025 acquisitions record lists the Edgerton property as 12,587 SF. Neither source explains the difference in measurement basis — the acquisition figure may include areas the opening release did not. The offering documents are where a prospective investor would find the measurement the sponsor relies on.
- What was the minimum investment?
- The Form D states that the minimum investment accepted from an outside investor was $373,500. That figure reflects what the issuer reported at the time of filing; the offering documents and subscription documents govern what a specific investor may purchase.
- Is there a mortgage on the property?
- The public records reviewed — the Form D, Kingsbarn's acquisitions record, and the operator's location page — do not state whether the trust carries mortgage debt or on what terms. A DST's leverage, lender, and loan maturity are disclosed in the offering documents, not in a Form D.
- Could this trust convert into a REIT through a 721 exchange?
- No 721/UPREIT exit — the option for a DST's property to be contributed to a REIT's operating partnership in exchange for REIT units — is indicated for this trust in the available data. The trust's governing documents and offering documents define the exit path the sponsor contemplates.
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.