TA Petro Stopping Center - Napoleon
Travel center (net lease) property in Napoleon, OH — sponsored by Kingsbarn Realty Capital
Files with the SEC as KB Napoleon, DST
Minimum investment
$494k
Offering size
$49.4M
How much has sold
77.0%
Asset type
Travel center (net lease) property
Location
Napoleon, OH
Financing
Not stated. The filings for this offering do not say whether it carries mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
KB Napoleon, DST is a Delaware statutory trust — fractional, passive co-ownership whose interests can be used in a 1031 exchange — sponsored by Kingsbarn Realty Capital to hold a Petro-branded highway travel center in Napoleon, Ohio. Kingsbarn's acquisition record dates the closing to May 2, 2025.2 The Trust is offered under Rule 506(c), which limits buyers to verified accredited investors.
Petro Stopping Center; acq 5/2/25 per sponsor PDF; off sponsor current list 7/26
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These links support the public record as a whole; individual details may come from different 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 asset is a Petro-branded highway travel center in northwest Ohio, listed in TravelCenters of America's location directory as Petro Napoleon #0388.1 A December 19, 2005 trade report described TravelCenters of America adding the site — then a remodeled Fuel King travel center with roughly 120 truck parking spaces.4 Kingsbarn's May 2025 offerings sheet described the property as a recently renovated Petro center.3
- Property address
- 900 American Road, Napoleon, OH
- Property size
- 22,702 SF
Who is the tenant, and what's the lease?
The Form D names KB Napoleon MT, LLC, a sponsor-controlled affiliate, as master tenant, meaning the Trust leases the entire property to that entity rather than directly to an operator.5 Public materials reviewed do not name the site's legal operating tenant, the lease structure, or its term.
How are sales going?
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
77.0% reported sold
- Amount sold
- $37,865,683
- Still available
- $11,484,317
- Investors reported
- 32
- Total offering
- $49,350,000
Not enough filings yet to show a trend.
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How is it financed, and what does it pay?
The Form D identifies no lender and no mortgage, so whether debt sits behind this Trust is unresolved in the public record.5 Any loan and its terms would be set out in the PPM — the private placement memorandum delivered to prospective investors.
Who's behind it?
The Form D names KB Exchange Properties, LLC as sponsor of record and KB Napoleon ST, LLC as manager and signatory trustee — the Kingsbarn affiliates that assemble and govern the trust.5 Kingsbarn's own current-offerings sheet dated May 21, 2025 listed this Trust among its then-active DST programs.3 Top1031 enrichment later found it off Kingsbarn's current offerings list in July 2026.
- Sponsor
- Kingsbarn Realty Capital
- Legal Trust name
- KB Napoleon, DST
- 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 original Form D has not been amended, so the subscription figures shown here are the ones reported in that single notice, which states a May 1, 2025 date of first sale.5 Rule 506(c) permits public advertising of an offering but requires third-party verification that every buyer is an accredited investor.
- Form D filedFirst and latest filing on record.
- 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
Is TA Petro Stopping Center - Napoleon still raising money?
Top1031 lists TA Petro Stopping Center - Napoleon as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.
Where does Top1031 get the data for TA Petro Stopping Center - Napoleon?
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.
What does KB Napoleon, DST own?
A single highway travel center at 900 American Road in Napoleon, Ohio. TravelCenters of America's location directory lists the site as Petro Napoleon #0388.[1] Kingsbarn's 2024–2025 acquisitions record identifies the property as 22,702 square feet and dates the closing to May 2, 2025.[2]
Is the Trust still open to new investors?
Unsettled from public records. Its only SEC filing is the original Form D filed June 20, 2025, and research through August 31, 2026 located no amendment and no closing notice — a limitation of the public record rather than evidence either way. Top1031 enrichment separately found the Trust off Kingsbarn's current offerings list in July 2026, which is not proof of a sale, a termination, or a completed outcome.
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.[1] 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.[5] The filings and sponsor materials reviewed do not identify the underlying operator's lease, rent, term, or guarantor; the PPM and the leases themselves are the controlling documents.
How large is the offering, and how is it divided?
The Form D describes a $49,350,000 offering structured as 100 Class 1 beneficial interests in the Delaware statutory trust at $493,500 per interest.[5] Whether fractional interests are permitted, and the actual minimum subscription the sponsor will accept, are set out in the PPM and subscription agreement.
What fees do sponsor affiliates receive?
The Form D estimates a $3,470,000 financing and acquisition fee plus $275,000 reimbursing offering expenses, totaling $3,745,000 to the sponsor or its affiliates, and separately estimates $1,100,000 of sales commissions.[5] The PPM's use-of-proceeds table is the full accounting, including any compensation payable to the master tenant.
What does Rule 506(c) mean for me as a buyer?
506(c) is the Regulation D exemption that lets a sponsor advertise an offering publicly, in exchange for verifying that every purchaser is an accredited investor. Expect to document income or net worth through a third party rather than self-certifying, as is typical in a 506(b) offering, where general advertising is not permitted.
Chapter 9Kingsbarn KB Napoleon DST — Petro Stopping Center #388 (Napoleon, OH)Kingsbarn sponsor materials describe the KB Napoleon DST offering as the acquisition of the Petro Stopping Center travel center at 900 American Road in Napoleon, OH (acquisition date 5/2/2025). Current Offerings — KingsbarnKingsbarn offerings one-sheet lists KB Napoleon DST in Napoleon, OH with 1st-year projected cash flow of 8.25%.