Tesla Sales & Service Center - Lake Elmo
Legal trust name KB Lake Elmo, DST
Talk to a 1031 specialistData updated Nov 6, 2025
Offering size$28.9M
Asset typeNet Lease
LocationLake Elmo, MN
FinancingNot disclosed
Regulation D exemptionRule 506(c)
Sponsor-reported potential 721/UPREIT exitNo
First filedNov 5, 2024
Last filedNov 6, 2025
Minimum$289k
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 Lake Elmo, DST — marketed by Kingsbarn Realty Capital as the Tesla Sales & Service Center - Lake Elmo — holds a single-tenant, net-leased Tesla sales and service center at 9800 Hudson Boulevard North in Lake Elmo, Minnesota. The roughly 50,000-square-foot building was newly constructed in 2024 and sits in a suburb of the Minneapolis–St. Paul metro about ten minutes from downtown Saint Paul. Kingsbarn describes it as its second Tesla-leased investment property. The Regulation D offering was structured as 100 Class 1 beneficial interests priced at $288,500 each, an aggregate of $28,850,000.
Single-tenant NNN Tesla, built 2024; off I-94 & Keats Ave N; acq 6/14/24; listed open on sponsor site
~50,000 SFBased on issuer-filed Form D notices through Nov 6, 2025. 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 amount43.0%
Capital sold, per latest Form D$12,294,743
Remaining amount reported in latest Form D$16,555,257
Investor count reported in latest Form D7
Stated minimum investment$288,500
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First filedNov 5, 2024
Latest filingNov 6, 2025
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 Lake Elmo, DST holds a single-tenant, net-leased Tesla sales and service center at 9800 Hudson Boulevard North in Lake Elmo, Minnesota. The building, of approximately 50,000 rentable square feet, was newly constructed in 2024 and features Tesla's minimalist open-concept design with ribbon-glass windows, a service and maintenance area, a design studio, a customer lounge, and administrative offices 1. Kingsbarn Realty Capital announced the acquisition, describing the asset as the company's second Tesla-leased investment property 1.
Location
The property is situated in a suburb of the Minneapolis–St. Paul metropolitan area, roughly ten minutes from downtown Saint Paul, near Interstate 94 and Keats Avenue North. Within a three-mile radius, the sponsor reports a population of 46,169 and an average household income of $134,575 1.
Offering
The Regulation D offering was structured as 100 Class 1 beneficial interests priced at $288,500 each, for an aggregate offering amount of $28,850,000 2. An amended Form D dated November 6, 2025 reported total sold of $12,294,743 against that offering amount as of the filing date 3.
Sources (3)
In the news
Frequently asked questions
Is Tesla Sales & Service Center - Lake Elmo currently active?
Tesla Sales & Service Center - Lake Elmo 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 Sales & Service Center - Lake Elmo?
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.