Talk to a 1031 specialistData updated Jun 23, 2026
Offering size$35.6M
Asset typeNet Lease
LocationNorthbrook, IL
FinancingNot disclosed
Regulation D exemptionRule 506(c)
Sponsor-reported potential 721/UPREIT exitNo
First filedJun 20, 2025
Last filedJun 23, 2026
Minimum$356k
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.
KB Northbrook, DST—marketed as Tesla - Northbrook by Kingsbarn Realty Capital—holds a newly constructed, single-tenant, net-leased Tesla sales-and-service center of roughly 47,995 rentable square feet at 1200 Skokie Boulevard in Northbrook, Illinois. Kingsbarn acquired the build-to-suit property on September 24, 2024, its third Tesla acquisition in the Midwest, with Tesla, Inc. as the net-lease tenant. Sponsor material describes it as the newest of seven Tesla sales and service centers in the Chicago area, serving a trade area of about 58,000 residents within three miles and average household income near $183,360.
Tenant: Tesla Inc; newly built build-to-suit, NNN; newest of 7 Chicago-area Tesla centers; 506(c), $35.6M offering
~47,995 SFBased on issuer-filed Form D notices through Jun 23, 2026. Amounts are self-reported, may lag current subscriptions, and do not confirm availability. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Reported sold as a percentage of stated offering amount70.0%
Capital sold, per latest Form D$24,805,000
Remaining amount reported in latest Form D$10,785,000
Investor count reported in latest Form D20
Stated minimum investment$355,900
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First filedJun 20, 2025
Latest filingJun 23, 2026
Filings tracked2
View filing on SEC EDGARForm D is an issuer notice filing. A filing does not mean the SEC approved, endorsed, or verified the offering.
Offering profile
SEC filings + cited sources
Property and tenant
KB Northbrook, DST is a single-tenant, net-leased Tesla sales-and-service building of approximately 47,995 rentable square feet at 1200 Skokie Boulevard in Northbrook, Illinois 23. The property was newly constructed and built for Tesla, with Tesla, Inc. as the net-lease tenant 4. Sponsor material describes it as the newest of seven Tesla sales and service centers in the Chicago area, within a trade area of roughly 58,000 residents inside three miles and average household income near $183,360 2.
Acquisition
Kingsbarn Realty Capital acquired the build-to-suit center on September 24, 2024 for the KB Northbrook DST, reported as the sponsor's third Tesla acquisition in the Midwest 4.
Offering
An issuer-filed Form D/A dated June 23, 2026 reports a total offering amount of $35,590,000 with $24,805,000 sold as of that filing 1.
In the news
Frequently asked questions
Is Tesla - Northbrook currently active?
Tesla - Northbrook is classified by Top1031 as active. “Active” reflects the latest public record and does not confirm that interests remain available.
Where does Top1031 get the data for Tesla - Northbrook?
Top1031 tracks this offering from SEC Form D filings and cited sponsor disclosures. Filing data may lag current subscriptions and does not mean the SEC approved or verified the offering.