Tesla Sales, Service & Delivery Center - Duluth
Legal trust name KB Duluth, DST
Talk to a 1031 specialistData updated Nov 6, 2025
Offering size$50.3M
Asset typeNet Lease
LocationDuluth, GA
FinancingNot disclosed
Regulation D exemptionRule 506(c)
Sponsor-reported potential 721/UPREIT exitNo
First filedNov 5, 2024
Last filedNov 6, 2025
Minimum$503k
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 Duluth, DST is a Delaware Statutory Trust sponsored by Kingsbarn Realty Capital whose sole asset is a single-tenant, net-leased Tesla sales, service and delivery center at 3380 Satellite Boulevard in Duluth, Georgia, within the Atlanta metropolitan area. The roughly 50,820-square-foot facility sits on about 3.92 acres and is net-leased to Tesla, Inc. under a 15-year corporate lease with 2% annual rent escalations. The trust's most recent issuer notice, a Form D/A dated November 6, 2025, reported a $50,325,000 offering with $45,621,044 sold as of that filing date.
NNN Tesla; 6-story 584-stall garage; acq 10/17/24; on Duluth Auto Row; off sponsor current list 7/26
50,820 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 amount91.0%
Capital sold, per latest Form D$45,621,044
Remaining amount reported in latest Form D$4,703,956
Investor count reported in latest Form D39
Stated minimum investment$503,250
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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
The property
KB Duluth, DST holds a single-tenant, net-leased Tesla sales, service and delivery center at 3380 Satellite Boulevard, Duluth, Georgia 30096, in Gwinnett County within the Atlanta metropolitan area 1. Kingsbarn Realty Capital described the facility as newly constructed/renovated for Tesla use and acquired for the offering 1. Sponsor materials place the building at approximately 50,820 rentable square feet on roughly 3.92 acres 2.
Lease
The property is net-leased to Tesla, Inc. under a 15-year corporate lease with 2% annual rent escalations, according to sponsor materials 2.
Offering record
Kingsbarn announced its acquisition of the Duluth center in January 2025 1, and the property appears in the sponsor's 2024–2025 recent-acquisitions summary 4. The trust first filed a Form D on November 5, 2024 5. Its most recent notice, a Form D/A dated November 6, 2025, reported a $50,325,000 offering with $45,621,044 sold as of that filing date 3.
Sponsor
KB Duluth, DST is sponsored by Kingsbarn Realty Capital, one of a series of single-tenant net-leased DST offerings the firm has organized 1.
In the news
Frequently asked questions
Is Tesla Sales, Service & Delivery Center - Duluth currently active?
Tesla Sales, Service & Delivery Center - Duluth 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 & Delivery Center - Duluth?
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.