Top1031

TA Petro Stopping Center - Napoleon

Travel center in Napoleon, OH · sponsored by Kingsbarn Realty Capital

HistoricalLast Form D filed Jun 20, 2025 (opens in a new tab)

TA Petro Stopping Center - Napoleon was a DST sponsored by Kingsbarn Realty Capital that owned a travel center in Napoleon, OH (22,702 SF). Its last Form D was filed Jun 20, 2025.

How it ended

No outcome recorded · under 7 years

Last Form D filed Jun 20, 2025.

Kingsbarn Realty Capital has 10 active offerings on record →

Key facts

Minimum investment
$493,500
From the Form D
Offering size
$49,350,000
Equity offered, per the Form D
Sold
76.7%
Form D, Jun 20, 2025; the % is our arithmetic
Investors reported
32
Form D, Jun 20, 2025
Selling commissions
$1,100,000 · 2.2% of offering
Form D Item 15; the % is our arithmetic
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 Petro Stopping Center - Napoleon. Top1031 is not a broker-dealer.

What did the Trust own?

The asset is a Petro-branded highway travel center in northwest Ohio, carried in TravelCenters of America's official location directory as Petro Napoleon #0388 with fuel service available 24/7. 1 Kingsbarn's own acquisition schedule dates the closing to May 2, 2025. 2 A Kingsbarn offering sheet dated May 21, 2025 described the center as recently renovated. 4 When the site was built, and by whom, is not established by the records reviewed.

Property address
900 American Road, Napoleon, OH
Property size
22,702 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?

The Form D identifies no lender and no mortgage, so whether debt sits behind this Trust is unresolved in the public record. 3 Any loan and its terms would be set out in the 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
$1,100,000 · 2.2% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$3,745,000 · 7.5% of offering
Form D Item 16
· The filing’s note: “Sponsor/its affiliate will receive financing and acquisition fee totaling $3,470,000 for structuring the offering and the property acquisition, plus $275,000 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
May 1, 2025
Minimum investment
$493,500

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?

A single original notice sits on file and has never been amended, so the subscription figures it reported are the only ones the SEC record carries. 3 The exemption it was filed under permits public advertising of an offering but requires third-party verification that every buyer is an accredited investor — someone meeting the SEC's income or net-worth tests.

Legal Trust name
KB Napoleon, DST
SEC CIK
2071425
First Form D
Jun 20, 2025
Latest Form D
Jun 20, 2025
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$49,350,000
$37,865,683
32
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 Petro Stopping Center - Napoleon?
TA Petro Stopping Center - Napoleon is a Historical offering. Last Form D filed Jun 20, 2025.
What does KB Napoleon, DST own?
A single highway travel center at 900 American Road in Napoleon, Ohio. TravelCenters of America's official location page identifies the site as Petro Napoleon #0388 at that address, with fuel service available 24/7. Kingsbarn's 2024–2025 acquisitions schedule identifies the property as 22,702 square feet and dates the closing to May 2, 2025.
Who operates the travel center, and is that the tenant?
The site carries the Petro brand and appears in TravelCenters of America's official location directory. For lease purposes, the Form D names a sponsor affiliate, KB Napoleon MT, LLC, as master tenant, so the Trust's lease runs to that affiliate rather than to the operator directly. The filings and sponsor materials reviewed do not identify the underlying operator's legal identity, rent, term or guarantor. The offering documents and the leases themselves are the controlling documents.
How large is the offering, and what is the minimum?
The Form D reports a $49,350,000 offering of Class 1 beneficial interests in the Delaware statutory trust, with a stated minimum investment of $493,500. Whether fractional interests are permitted, and the smallest subscription the sponsor will actually accept, are governed by the offering documents and the subscription agreement.

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.